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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2025
Equity [Abstract] |
Stockholders' Equity | Stockholders' Equity Preference Stock Mattel is authorized to issue up to 20.0 million shares of $0.01 par value preference stock, of which none is currently outstanding. Preferred Stock Mattel is authorized to issue up to 3.0 million shares of $1.00 par value preferred stock, of which none is currently outstanding. Common Stock Repurchase Program During 2025, Mattel repurchased 31.4 million shares of its common stock at a cost of $605.5 million, inclusive of accrued excise taxes of $5.5 million. During 2024, Mattel repurchased 21.0 million shares of its common stock at a cost of $403.5 million, inclusive of accrued excise taxes of $3.5 million. During 2023, Mattel repurchased 10.4 million shares of its common stock at a cost of $203.0 million. Mattel's share repurchase program was first announced on July 21, 2003. On July 17, 2013, the Board of Directors approved a $500.0 million increase to Mattel's share repurchase authorization, and as of December 31, 2023, such authorization was exhausted. On February 5, 2024, the Board of Directors authorized a $1.00 billion share repurchase program and as of December 31, 2025, such authorization was exhausted. On February 9, 2026, the Board of Directors authorized a new $1.50 billion share repurchase program. As of February 20, 2026, Mattel has repurchased 5.9 million shares of its common stock at a cost of $101.0 million under the new $1.50 billion share repurchase program. Repurchases under the program will take place from time to time, depending on market conditions. Mattel's share repurchase program has no expiration date. Dividends During 2025, 2024, and 2023, Mattel did not pay any dividends to holders of its common stock. The payment of dividends on common stock is at the discretion of the Board of Directors and is subject to customary limitations. 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 Year Ended December 31, 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 | (49,196) |  |  | 8,575 |  |  | 121,458 |  |  | 80,837 |
Amounts reclassified from accumulated other comprehensive income (loss) | 18,173 |  |  | 4,876 |  |  | — |  |  | 23,049 |
Net change in other comprehensive income (loss) | (31,023) |  |  | 13,451 |  |  | 121,458 |  |  | 103,886 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2025 | $ | (16,716) |  |  | $ | (126,212) |  |  | $ | (747,638) |  |  | $ | (890,566) |
| For the Year Ended December 31, 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 | 39,409 |  |  | (819) |  |  | (110,507) |  |  | (71,917) |
Amounts reclassified from accumulated other comprehensive income (loss) | (21,639) |  |  | 4,072 |  |  | — |  |  | (17,567) |
Net change in other comprehensive income (loss) | 17,770 |  |  | 3,253 |  |  | (110,507) |  |  | (89,484) |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2024 | $ | 14,307 |  |  | $ | (139,663) |  |  | $ | (869,096) |  |  | $ | (994,452) |
| For the Year Ended December 31, 2023
| Derivative Instruments |  | Employee Benefit Plans |  | Currency Translation Adjustments |  | Total
| (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2022 | $ | 22,732 |  |  | $ | (138,498) |  |  | $ | (795,712) |  |  | $ | (911,478) |
Other comprehensive income (loss) before reclassifications | (15,903) |  |  | (6,558) |  |  | 37,123 |  |  | 14,662 |
Amounts reclassified from accumulated other comprehensive income (loss) | (10,292) |  |  | 2,140 |  |  | — |  |  | (8,152) |
Net change in other comprehensive income (loss) | (26,195) |  |  | (4,418) |  |  | 37,123 |  |  | 6,510 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2023 | $ | (3,463) |  |  | $ | (142,916) |  |  | $ | (758,589) |  |  | $ | (904,968) |
The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:
| For the Year Ended |  | Consolidated Statements of Operations Classification
| December 31, 2025 |  | December 31, 2024 |  | December 31, 2023 |
| (In thousands) |  |
Derivative Instruments |  |  |  |  |  |  |
(Loss) gain on foreign currency forward exchange and other contracts | $ | (18,181) |  |  | $ | 21,590 |  |  | $ | 9,880 |  |  | Cost of sales
Tax effect | 8 |  |  | 49 |  |  | 412 |  |  | Provision/benefit for income taxes
| $ | (18,173) |  |  | $ | 21,639 |  |  | $ | 10,292 |  |  | Net Income
Employee Benefit Plans |  |  |  |  |  |  |
Amortization of prior service credit (a) | $ | 1,797 |  |  | $ | 1,844 |  |  | $ | 1,888 |  |  | Other non-operating income/expense, net
Recognized actuarial (loss) (a) | (8,391) |  |  | (7,591) |  |  | (5,667) |  |  | Other non-operating income/expense, net
Curtailment gain (a) | 121 |  |  | — |  |  | — |  |  | Other non-operating income/expense, net
Settlement gain (a) | 68 |  |  | — |  |  | 59 |  |  | Other non-operating income/expense, net
| (6,405) |  |  | (5,747) |  |  | (3,720) |  |  |
Tax effect | 1,529 |  |  | 1,675 |  |  | 1,580 |  |  | Provision/benefit for income taxes
| $ | (4,876) |  |  | $ | (4,072) |  |  | $ | (2,140) |  |  | Net Income
(a)The amortization of prior service credit, recognized actuarial loss, curtailment gain, and settlement gain are included in the computation of net periodic benefit cost. Refer to "Note 4 to the Consolidated Financial Statements—Employee Benefit Plans" for additional information regarding Mattel's net periodic benefit cost. Currency Translation Adjustments During 2025, currency translation adjustments resulted in a net other comprehensive gain of $121.5 million, primarily due to the strengthening of the Russian ruble, Mexican peso, and British pound sterling against the U.S. dollar. During 2024, currency translation adjustments resulted in a net other comprehensive loss of $110.5 million, primarily due to the weakening of the Mexican peso, Russian ruble, and Brazilian real against the U.S. dollar. During 2023, currency translation adjustments resulted in a net other comprehensive gain of $37.1 million, primarily due to the strengthening of the Mexican peso and British pound sterling against the U.S. dollar, partially offset by the weakening of the Russian ruble against the U.S. dollar.

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