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Segment Information (Tables)

3 Months Ended

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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Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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