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Property, Plant, and Equipment, Net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, Net Property, Plant, and Equipment, Net
Property, plant, and equipment, net included the following: 
June 30,
2025
June 30,
2024
December 31,
2024
 (In thousands)
Land$42,672 $19,785 $42,584 
Buildings370,947 314,063 350,920 
Machinery and equipment629,548 622,727 605,311 
Software234,716 233,550 234,699 
Tools, dies, and molds480,164 494,555 476,551 
Leasehold improvements109,375 122,107 107,139 
Construction in progress63,564 38,410 62,130 
1,930,986 1,845,197 1,879,334 
Less: accumulated depreciation(1,403,722)(1,400,318)(1,363,285)
$527,264 $444,879 $516,049 
In July 2024, Mattel completed the purchase of an office building located in El Segundo, California for cash consideration of $58.8 million. The building totals approximately 168,000 square feet and, upon completion of an interior build-out, will replace a currently leased facility that supports Mattel's global design and development and other activities. The building will support the North America and International segments.