XML 36 R23.htm IDEA: XBRL DOCUMENT
v3.25.4

Restructuring Charges | 12 Months Ended
--- | ---
Dec. 31, 2025
Restructuring and Related Activities [Abstract] |
Restructuring Charges | Restructuring Charges Optimizing for Profitable Growth On February 7, 2024, Mattel announced the Optimizing for Profitable Growth program (the "OPG program"), a multi-year cost savings program that follows the Optimizing for Growth program (the "OFG program"), which concluded in the fourth quarter of 2023. The OPG program is designed to achieve further efficiency and cost savings opportunities, primarily within Mattel's global supply chain, including its manufacturing footprint. The OPG program includes cost savings actions in connection with discontinuing production at a plant in China as previously announced in the third quarter of 2023, as well as savings from other previous actions taken in 2023 that were not recognized in the OFG program. In connection with the OPG program, Mattel recorded severance and other restructuring costs in the following cost and expense categories within operating income in the consolidated statements of operations:
| For the Year Ended
| December 31, 2025 |  | December 31, 2024 |  |
| (In thousands)
Cost of sales (a) | $ | 7,795 |  |  | $ | 4,275 |  |  |
Other selling and administrative expenses (b) | 33,454 |  |  | 44,884 |  |  |
| $ | 41,249 |  |  | $ | 49,159 |  |  |
(a)Severance and other restructuring charges recorded within cost of sales in the consolidated statements of operations are included in segment income in "Note 14 to the Consolidated Financial Statements—Segment Information." (b)Severance and other restructuring charges recorded within other selling and administrative expenses in the consolidated statements of operations are included in unallocated corporate and other operating expenses in "Note 14 to the Consolidated Financial Statements—Segment Information." The following tables summarize Mattel's severance and other restructuring charges activity within operating income related to the OPG program:
| Liability at December 31, 2024 |  | Charges (a) |  | Payments/Utilization |  | Liability at December 31, 2025
| (In thousands)
Severance | $ | 32,661 |  |  | $ | 31,093 |  |  | $ | (47,164) |  |  | $ | 16,590 |
Other restructuring charges (a) | 10 |  |  | 10,156 |  |  | (10,099) |  |  | 67 |
| $ | 32,671 |  |  | $ | 41,249 |  |  | $ | (57,263) |  |  | $ | 16,657 |
| Liability at December 31, 2023 |  | Charges (a) |  | Payments/Utilization |  | Liability at December 31, 2024
| (In thousands)
Severance | $ | 25,096 |  |  | $ | 45,875 |  |  | $ | (38,310) |  |  | $ | 32,661 |
Other restructuring charges (a) | — |  |  | 3,284 |  |  | (3,274) |  |  | 10 |
| $ | 25,096 |  |  | $ | 49,159 |  |  | $ | (41,584) |  |  | $ | 32,671 |
(a)Other restructuring charges consist primarily of expenses associated with the consolidation of manufacturing and distribution facilities. As of December 31, 2025, in connection with the OPG program, Mattel recorded cumulative severance and other restructuring charges of approximately $116 million, which included approximately $25 million of severance charges recorded within other selling and administrative expenses during 2023. Cumulative other restructuring charges include approximately $5 million of non-cash charges. Total expected cash expenditures are approximately $115 to $140 million, and total non-cash charges are expected to be $5 million. Other Cost Savings Actions As of December 31, 2023, Mattel concluded the OFG program, a multi-year cost savings program that had integrated and expanded upon the previous Capital Light program. During 2023, Mattel recorded severance and other restructuring charges of $32.3 million within other selling and administrative expenses and $(1.3) million within cost of sales in the consolidated statement of operations in connection with the OFG program. Mattel periodically executes additional actions to simplify and streamline its organizational structure, which are separate from its multi-year cost savings programs. In connection with these actions, Mattel recorded severance charges of $5.6 million and $3.4 million during 2025 and 2023, respectively, within other selling and administrative expenses. Mattel did not record any such charges in 2024.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration