XML 62 R46.htm IDEA: XBRL DOCUMENT v3.25.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Pre-Tax Income

Consolidated pre-tax income consists of the following:

			For the Year Ended
			December 31, 2024						December 31, 2023						December 31, 2022
			(In thousands)
U.S. operations			$	250,455					$	150,361					$	221,149
Foreign operations			372,050						315,043						283,186
Consolidated pre-tax income excluding equity method investments			$	622,505					$	465,404					$	504,335

Schedule of Provision (Benefit) for Current and Deferred Income Taxes

The provision for current and deferred income taxes consists of the following:

			For the Year Ended
			December 31, 2024						December 31, 2023						December 31, 2022
			(In thousands)
Current
Federal			$	40,647					$	8,256					$	—
State			5,888						4,669						2,359
Foreign			76,562						79,843						62,278
			123,097						92,768						64,637
Deferred
Federal			(15,645)						(24,711)						55,805
State			(2,463)						1,986						2,440
Foreign			637						199,432						12,969
			(17,471)						176,707						71,214
Provision for income taxes			$	105,626					$	269,475					$	135,851

Schedule of Deferred Income Tax Assets (Liabilities)

Mattel's deferred income tax assets (liabilities) are composed of the following:

			December 31, 2024						December 31, 2023
			(In thousands)
Tax credit carryforwards			$	20,007					$	41,550
Research and development expenses			129,836						104,582
Net operating loss carryforwards			87,398						77,321
Interest expense			50,214						65,045
Allowances and reserves			127,473						116,148
Deferred compensation			71,880						63,458
Postretirement benefits			19,138						22,741
Lease liabilities			83,301						81,604
Other			45,819						35,624
Gross deferred income tax assets			635,066						608,073
Intangible assets			(167,607)						(167,336)
Right-of-use assets			(75,266)						(75,076)
Other			(42,026)						(37,259)
Gross deferred income tax liabilities			(284,899)						(279,671)
Deferred income tax asset valuation allowances			(97,661)						(85,352)
Net deferred income tax assets			$	252,506					$	243,050

Net deferred income tax assets are reported in the consolidated balance sheets as follows:

			December 31, 2024						December 31, 2023
			(In thousands)
Deferred income tax assets			$	296,862					$	299,157
Other noncurrent liabilities			(44,356)						(56,107)
			$	252,506					$	243,050

Schedule of Expiration of Loss and Tax Credit Carryforwards

Mattel's loss and tax credit carryforwards expire in the following periods:

			Loss Carryforward						Tax Credit Carryforward
			(In thousands)
2025–2029			$	8,752					$	—
Thereafter			41,481						3,607
No expiration date			312,897						16,473
			$	363,130					$	20,080

Schedule of Reconciliation of Provision for Income Taxes at US Federal Statutory Rate to Provision in Statements of Operations

Differences between the provision for income taxes at the U.S. federal statutory income tax rate and the provision in the consolidated statements of operations are as follows:

			For the Year Ended
			December 31, 2024						December 31, 2023						December 31, 2022
			(In thousands)
Provision at U.S. federal statutory rate			$	130,726					$	97,735					$	105,910
Differences resulting from:
Changes in valuation allowances			13,362						2,343						—
Foreign earnings taxed at different rates, including foreign losses without benefit			(9,111)						(12,480)						18,138
Foreign-derived intangible income			(8,006)						(364)						(1,261)
Tax related to pass-through income			5,125						3,869						5,340
Non deductible executive compensation			5,941						7,248						5,141
State and local taxes, net of U.S. federal benefit			7,711						8,480						5,027
Adjustments to previously accrued taxes			5,553						9,943						(9,471)
Tax on undistributed earnings of foreign subsidiaries			1,100						(1,000)						10,600
Research and development tax credit			(6,163)						(7,248)						(5,487)
Discrete tax impact related to intra-group IP transfer			(34,762)						161,388						—
Other			(5,850)						(439)						1,914
Provision for income taxes			$	105,626					$	269,475					$	135,851

Schedule of Reconciliation of Unrecognized Tax Benefits

A reconciliation of the reserve for unrecognized tax benefits is as follows:

			For the Year Ended
			December 31, 2024						December 31, 2023						December 31, 2022
			(In thousands)
Unrecognized tax benefits at January 1			$	129,970					$	114,057					$	118,781
Increases for positions taken in current year			9,123						5,855						5,034
Increases for positions taken in a prior year			12,715						18,831						8,037
Decreases for positions taken in a prior year			(7,983)						(4,841)						(7,315)
Decreases for settlements with taxing authorities			(2,940)						(273)						(1,236)
Decreases for lapses in the applicable statute of limitations			(6,032)						(3,659)						(9,244)
Unrecognized tax benefits at December 31			$	134,853					$	129,970					$	114,057

X

- Definition

Tabular disclosure of federal and foreign loss carryforwards and tax credit carryforwards available to reduce future taxable income, including amounts and expiration dates.

+ References

No definition available.

+ Details

Name:	mat_SummaryOfLossAndTaxCreditCarryforwardsTableTextBlock
Namespace Prefix:	mat_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(1)(Note 1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration