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Segment Information (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2025
			North America						International						Total Reportable Segments						Corporate and other						Consolidated
			(In thousands)
Net Sales			$	978,091					$	757,881					$	1,735,972					$	—					$	1,735,972
Cost of sales (a)			487,483						375,809						863,292						4,428						867,720
Gross Profit			490,608						382,072						872,680						(4,428)						868,252
Advertising and promotion expenses			55,263						62,874						118,137						—						118,137
Other selling and administrative expenses (b)			120,147						110,590						230,737						139,529						370,266
Operating Income			315,198						208,608						523,806						(143,957)						379,849
Interest expense																					29,416						29,416
Interest (income)																					(9,027)						(9,027)
Other non-operating expense, net																					965						965
Income Before Income Taxes																											$	358,495

(a)Cost of sales included severance and other restructuring charges of approximately $2 million which was allocated to the North America and International segments.

(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 $1 million, $5 million, $8 million, and $22 million, respectively, which were recorded in corporate and other.

			For the Nine Months Ended September 30, 2025
			North America						International						Total Reportable Segments						Corporate and other						Consolidated
			(In thousands)
Net Sales			$	1,980,252					$	1,600,911					$	3,581,163					$	—					$	3,581,163
Cost of sales (a)			1,009,492						796,365						1,805,857						(19,993)						1,785,864
Gross Profit			970,760						804,546						1,775,306						19,993						1,795,299
Advertising and promotion expenses			128,791						138,668						267,459						—						267,459
Other selling and administrative expenses (b)			349,888						319,020						668,908						453,564						1,122,472
Operating Income			492,081						346,858						838,939						(433,571)						405,368
Interest expense																					88,004						88,004
Interest (income)																					(37,344)						(37,344)
Other non-operating expense, net																					12,588						12,588
Income Before Income Taxes																											$	342,120

(a)Cost of sales included severance and other restructuring charges of approximately $6 million which was allocated to the North America and International segments.

(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 $24 million, $24 million, $51 million, and $61 million, respectively, which were recorded in corporate and other.

			For the Three Months Ended September 30, 2024
			North America						International						Total Reportable Segments						Corporate and other						Consolidated
			(In thousands)
Net Sales			$	1,108,288					$	735,616					$	1,843,904					$	—					$	1,843,904
Cost of sales (a)			534,821						355,598						890,419						(25,511)						864,908
Gross Profit			573,467						380,018						953,485						25,511						978,996
Advertising and promotion expenses			44,490						60,466						104,956						—						104,956
Other selling and administrative expenses (b)			116,552						101,877						218,429						167,270						385,699
Operating Income			412,425						217,675						630,100						(141,759)						488,341
Interest expense																					29,371						29,371
Interest (income)																					(9,787)						(9,787)
Other non-operating (income), net																					(2,924)						(2,924)
Income Before Income Taxes																											$	471,681

(a)Cost of sales included severance and other restructuring charges of approximately $1 million which was allocated to the North America and International segments.

(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 $27 million, $(12) million, $41 million, and $20 million, respectively, which were recorded in corporate and other.

			For the Nine Months Ended September 30, 2024
			North America						International						Total Reportable Segments						Corporate and other						Consolidated
			(In thousands)
Net Sales			$	2,192,555					$	1,540,586					$	3,733,141					$	—					$	3,733,141
Cost of sales (a)			1,111,739						787,534						1,899,273						(64,734)						1,834,539
Gross Profit			1,080,816						753,052						1,833,868						64,734						1,898,602
Advertising and promotion expenses			111,182						138,935						250,117						—						250,117
Other selling and administrative expenses (b)			347,292						309,860						657,152						455,303						1,112,455
Operating Income			622,342						304,257						926,599						(390,569)						536,030
Interest expense																					89,415						89,415
Interest (income)																					(39,466)						(39,466)
Other non-operating expense, net																					8,796						8,796
Income Before Income Taxes																											$	477,285

(a)Cost of sales included severance and other restructuring charges of approximately $3 million which was allocated to the North America and International segments.

(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 $44 million, $(6) million, $94 million, and $57 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												For the Nine Months Ended
			September 30, 2025						September 30, 2024						September 30, 2025						September 30, 2024
			(In thousands)												(In thousands)
Depreciation and Amortization by Segment
North America			$	22,797					$	22,873					$	68,920					$	70,257
International			13,916						13,199						42,026						40,698
			36,713						36,072						110,946						110,955
Corporate and other			4,869						4,828						15,008						14,230
Depreciation and amortization			$	41,582					$	40,900					$	125,954					$	125,185

Schedule of Segment Assets

Segment assets were comprised of accounts receivable and inventories, net of applicable reserves and allowances.

			September 30, 2025						September 30, 2024						December 31, 2024
			(In thousands)
Assets by Segment
North America			$	1,166,907					$	1,160,846					$	757,552
International			957,990						952,726						651,738
			2,124,897						2,113,572						1,409,290
Corporate and other			91,985						100,974						95,620
Accounts receivable, net and inventories			$	2,216,882					$	2,214,546					$	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												For the Nine Months Ended
			September 30, 2025						September 30, 2024						September 30, 2025						September 30, 2024
			(In thousands)
Net Sales by Geographic Area
North America			$	978,091					$	1,108,288					$	1,980,252					$	2,192,555
International
EMEA			424,037						401,942						898,612						837,869
Latin America			230,339						240,563						423,551						454,811
Asia Pacific			103,505						93,111						278,748						247,906
Total International			757,881						735,616						1,600,911						1,540,586
Net sales			$	1,735,972					$	1,843,904					$	3,581,163					$	3,733,141

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