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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Income (Loss) | The following tables present information regarding Mattel's statement of operations information by segment. The corporate and other category includes operating costs not allocated to individual segments, including charges related to incentive and share-based compensation, corporate headquarters functions managed on a worldwide basis, the impact of changes in foreign currency exchange rates on intercompany transactions, and certain severance and other restructuring costs. It is impracticable for Mattel to present net sales by categories, brands, or products, as trade discounts and other allowances are generally recorded in the financial accounting systems by customer.
| For the Three Months Ended March 31, 2025
| North America |  | International |  | Total Reportable Segments |  | Corporate and other |  | Consolidated
| (In thousands)
Net Sales | $ | 491,365 |  |  | $ | 335,264 |  |  | $ | 826,629 |  |  | $ | — |  |  | $ | 826,629 |
Cost of sales (a) | 256,293 |  |  | 175,522 |  |  | 431,815 |  |  | (13,282) |  |  | 418,533 |
Gross Profit | 235,072 |  |  | 159,742 |  |  | 394,814 |  |  | 13,282 |  |  | 408,096 |
Advertising and promotion expenses | 38,586 |  |  | 31,612 |  |  | 70,198 |  |  | — |  |  | 70,198 |
Other selling and administrative expenses (b) | 113,415 |  |  | 104,810 |  |  | 218,225 |  |  | 172,653 |  |  | 390,878 |
Operating Income (Loss) | 83,071 |  |  | 23,320 |  |  | 106,391 |  |  | (159,371) |  |  | (52,980) |
Interest expense |  |  |  |  |  |  | 29,234 |  |  | 29,234 |
Interest (income) |  |  |  |  |  |  | (15,952) |  |  | (15,952) |
Other non-operating expense, net |  |  |  |  |  |  | 13,040 |  |  | 13,040 |
Loss Before Income Taxes |  |  |  |  |  |  |  |  | $ | (79,302) |
(a)Cost of sales included severance and other restructuring charges of approximately $2 million recorded to corporate and other. (b)Other selling and administrative expenses included severance and other restructuring charges, the impact of inclined sleeper product recall litigation, incentive compensation, and share-based compensation of approximately $21 million, $14 million, $24 million, and $20 million, respectively, which were recorded in corporate and other.
| For the Three Months Ended March 31, 2024
| North America |  | International |  | Total Reportable Segments |  | Corporate and other |  | Consolidated
| (In thousands)
Net Sales | $ | 477,786 |  |  | $ | 331,722 |  |  | $ | 809,508 |  |  | $ | — |  |  | $ | 809,508 |
Cost of sales (a) | 257,144 |  |  | 184,080 |  |  | 441,224 |  |  | (20,586) |  |  | 420,638 |
Gross Profit | 220,642 |  |  | 147,642 |  |  | 368,284 |  |  | 20,586 |  |  | 388,870 |
Advertising and promotion expenses | 34,715 |  |  | 36,726 |  |  | 71,441 |  |  | — |  |  | 71,441 |
Other selling and administrative expenses (b) | 112,936 |  |  | 101,646 |  |  | 214,582 |  |  | 138,365 |  |  | 352,947 |
Operating Income (Loss) | 72,991 |  |  | 9,270 |  |  | 82,261 |  |  | (117,779) |  |  | (35,518) |
Interest expense |  |  |  |  |  |  | 30,059 |  |  | 30,059 |
Interest (income) |  |  |  |  |  |  | (17,282) |  |  | (17,282) |
Other non-operating expense, net |  |  |  |  |  |  | 5,613 |  |  | 5,613 |
Loss Before Income Taxes |  |  |  |  |  |  |  |  | $ | (53,908) |
(a)Cost of sales included severance and other restructuring charges of approximately $2 million recorded to corporate and other. (b)Other selling and administrative expenses included severance and other restructuring charges, the impact of inclined sleeper product recall litigation, incentive compensation, and share-based compensation of approximately $6 million, $4 million, $26 million, and $18 million, respectively, which were recorded in corporate and other.
Schedule Of Segment Depreciation/Amortization | The following tables present information regarding depreciation and amortization by segment, as well as assets by segment.
| For the Three Months Ended
| March 31, 2025 |  | March 31, 2024
| (In thousands)
Depreciation and Amortization by Segment |  |  |
North America | $ | 22,873 |  |  | $ | 23,843 |
International | 13,860 |  |  | 13,698 |
| 36,733 |  |  | 37,541 |
Corporate and other | 5,052 |  |  | 4,795 |
Depreciation and amortization | $ | 41,785 |  |  | $ | 42,336 |
Schedule of Segment Assets | Segment assets were comprised of accounts receivable and inventories, net of applicable reserves and allowances.
| March 31, 2025 |  | March 31, 2024 |  | December 31, 2024
| (In thousands)
Assets by Segment |  |  |  |  |
North America | $ | 646,211 |  |  | $ | 686,694 |  |  | $ | 757,552 |
International | 519,192 |  |  | 566,572 |  |  | 651,738 |
| 1,165,403 |  |  | 1,253,266 |  |  | 1,409,290 |
Corporate and other | 126,327 |  |  | 89,339 |  |  | 95,620 |
Accounts receivable, net and inventories | $ | 1,291,730 |  |  | $ | 1,342,605 |  |  | $ | 1,504,910 |
Schedule of Revenues by Geographic Area | The following table presents information regarding Mattel's net sales by geographic area. Net sales are attributed to countries based on the location of the customer:
| For the Three Months Ended
| March 31, 2025 |  | March 31, 2024
| (In thousands)
Net Sales by Geographic Area |  |  |
North America | $ | 491,365 |  |  | $ | 477,786 |
International |  |  |
EMEA | 197,105 |  |  | 185,239 |
Latin America | 64,601 |  |  | 79,651 |
Asia Pacific | 73,558 |  |  | 66,832 |
Total International | 335,264 |  |  | 331,722 |
Net sales | $ | 826,629 |  |  | $ | 809,508 |

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