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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The following tables present changes in the accumulated balances for each component of other comprehensive income (loss), including current period other comprehensive income (loss) and reclassifications from accumulated other comprehensive income (loss):
 For the Three Months Ended June 30, 2025
 Derivative
Instruments		Employee Benefit PlansCurrency
Translation
Adjustments		Total
 (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2025$7,269 $(138,378)$(815,478)$(946,587)
Other comprehensive income (loss) before reclassifications(44,639)25 61,940 17,326 
Amounts reclassified from accumulated other comprehensive income (loss)11,091 1,260 — 12,351 
Net change in other comprehensive income (loss)(33,548)1,285 61,940 29,677 
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2025$(26,279)$(137,093)$(753,538)$(916,910)
For the Six Months Ended June 30, 2025
Derivative
Instruments		Employee Benefit PlansCurrency
Translation
Adjustments		Total
(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2024$14,307 $(139,663)$(869,096)$(994,452)
Other comprehensive income (loss) before reclassifications(53,862)63 115,558 61,759 
Amounts reclassified from accumulated other comprehensive income (loss)13,276 2,507 — 15,783 
Net change in other comprehensive income (loss)(40,586)2,570 115,558 77,542 
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2025$(26,279)$(137,093)$(753,538)$(916,910)
 For the Three Months Ended June 30, 2024
 Derivative
Instruments		Employee Benefit PlansCurrency
Translation
Adjustments		Total
 (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2024$1,520 $(140,718)$(776,535)$(915,733)
Other comprehensive income (loss) before reclassifications9,828 (1,458)(23,381)(15,011)
Amounts reclassified from accumulated other comprehensive income (loss)(6,080)1,707 — (4,373)
Net change in other comprehensive income (loss)3,748 249 (23,381)(19,384)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2024$5,268 $(140,469)$(799,916)$(935,117)
For the Six Months Ended June 30, 2024
Derivative
Instruments		Employee Benefit PlansCurrency
Translation
Adjustments		Total
(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2023$(3,463)$(142,916)$(758,589)$(904,968)
Other comprehensive income (loss) before reclassifications23,052 34 (41,327)(18,241)
Amounts reclassified from accumulated other comprehensive income (loss)(14,321)2,413 — (11,908)
Net change in other comprehensive income (loss)8,731 2,447 (41,327)(30,149)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2024$5,268 $(140,469)$(799,916)$(935,117)
The following tables present the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:
For the Three Months Ended
June 30, 2025June 30, 2024Statements of Operations
Classification
(In thousands) 
Derivative Instruments:
(Loss) gain on foreign currency forward exchange and other contracts$(11,127)$6,073 Cost of sales
Tax effect36 7 Provision/benefit from income taxes
$(11,091)$6,080 Net income/loss
Employee Benefit Plans:
Amortization of prior service credit (a)$449 $462 Other non-operating income/expense, net
Recognized actuarial loss (a)(2,102)(1,895)Other non-operating income/expense, net
(1,653)(1,433)
Tax effect393 (274)Provision/benefit from income taxes
$(1,260)$(1,707)Net income/loss
For the Six Months Ended
June 30, 2025June 30, 2024Statements of Operations
Classification
(In thousands)
Derivative Instruments:
(Loss) gain on foreign currency forward exchange and other contracts$(13,315)$14,298 Cost of sales
Tax effect39 23 Provision/benefit from income taxes
$(13,276)$14,321 Net income/loss
Employee Benefit Plans:
Amortization of prior service credit (a)$900 $923 Other non-operating income/expense, net
Recognized actuarial loss (a)(4,194)(3,791)Other non-operating income/expense, net
(3,294)(2,868)
Tax effect787 455 Provision/benefit from income taxes
$(2,507)$(2,413)Net income/loss
(a)The amortization of prior service credit and recognized actuarial loss are included in the computation of net periodic benefit cost. Refer to "Note 15 to the Consolidated Financial Statements—Employee Benefit Plans" for additional information regarding Mattel's net periodic benefit cost.
Currency Translation Adjustments
During the six months ended June 30, 2025, currency translation adjustments resulted in a net gain of $115.6 million, primarily due to the strengthening of the Russian ruble, British pound sterling, and Mexican peso against the U.S. dollar.
During the six months ended June 30, 2024, currency translation adjustments resulted in a net loss of $41.3 million, due to the general weakening of most currencies, including the Mexican peso and Brazilian real against the U.S. dollar, partially offset by the strengthening of the Russian ruble against the U.S. dollar.