Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Changes in 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 September 30, 2025
	Derivative Instruments		Employee Benefit Plans		Currency Translation Adjustments		Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2025	$	(26,279)	$	(137,093)	$	(753,538)	$	(916,910)
Other comprehensive income (loss) before reclassifications	3,332		29		(9,893)		(6,532)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,159)		1,378		—		219
Net change in other comprehensive income (loss)	2,173		1,407		(9,893)		(6,313)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2025	$	(24,106)	$	(135,686)	$	(763,431)	$	(923,223)


	For the Nine Months Ended September 30, 2025
	Derivative Instruments		Employee Benefit Plans		Currency 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	(50,530)		92		105,665		55,227
Amounts reclassified from accumulated other comprehensive income (loss)	12,117		3,885		—		16,002
Net change in other comprehensive income (loss)	(38,413)		3,977		105,665		71,229
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2025	$	(24,106)	$	(135,686)	$	(763,431)	$	(923,223)


	For the Three Months Ended September 30, 2024
	Derivative Instruments		Employee Benefit Plans		Currency Translation Adjustments		Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2024	$	5,268	$	(140,469)	$	(799,916)	$	(935,117)
Other comprehensive income (loss) before reclassifications	(13,288)		16		24,442		11,170
Amounts reclassified from accumulated other comprehensive income (loss)	7,264		978		—		8,242
Net change in other comprehensive income (loss)	(6,024)		994		24,442		19,412
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2024	$	(756)	$	(139,475)	$	(775,474)	$	(915,705)


	For the Nine Months Ended September 30, 2024
	Derivative Instruments		Employee Benefit Plans		Currency 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 reclassifications	9,764		50		(16,885)		(7,071)
Amounts reclassified from accumulated other comprehensive income (loss)	(7,057)		3,391		—		(3,666)
Net change in other comprehensive income (loss)	2,707		3,441		(16,885)		(10,737)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of September 30, 2024	$	(756)	$	(139,475)	$	(775,474)	$	(915,705)

Schedule of Consolidated Statement of Operations Line Items Affected by Reclassifications from Accumulated Other Comprehensive Income (Loss)

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
	September 30, 2025		September 30, 2024		Statements of Operations Classification
	(In thousands)
Derivative Instruments:
Gain (loss) on foreign currency forward exchange and other contracts	$	1,217	$	(7,275)	Cost of sales
Tax effect	(58)		11		Provision/benefit from income taxes
	$	1,159	$	(7,264)	Net income/loss
Employee Benefit Plans:
Amortization of prior service credit (a)	$	449	$	460	Other non-operating income/expense, net
Recognized actuarial loss (a)	(2,100)		(1,902)		Other non-operating income/expense, net

	(1,651)		(1,442)
Tax effect	273		464		Provision/benefit from income taxes
	$	(1,378)	$	(978)	Net income/loss


	For the Nine Months Ended
	September 30, 2025		September 30, 2024		Statements of Operations Classification
	(In thousands)
Derivative Instruments:
(Loss) gain on foreign currency forward exchange and other contracts	$	(12,098)	$	7,023	Cost of sales
Tax effect	(19)		34		Provision/benefit from income taxes
	$	(12,117)	$	7,057	Net income/loss
Employee Benefit Plans:
Amortization of prior service credit (a)	$	1,349	$	1,383	Other non-operating income/expense, net
Recognized actuarial loss (a)	(6,294)		(5,693)		Other non-operating income/expense, net
	(4,945)		(4,310)
Tax effect	1,060		919		Provision/benefit from income taxes
	$	(3,885)	$	(3,391)	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.