Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2012

Derivative Assets and Liabilities

The following table presents Mattel’s derivative assets and liabilities:

	Asset Derivatives
	Balance Sheet Classification		Fair Value
			March 31, 2012		March 31, 2011		December 31, 2011
					(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts		Prepaid expenses and other current assets	$	19,553	$	6,073	$	29,043
Foreign currency forward exchange contracts		Other noncurrent assets		18		298		2,853
Total derivatives designated as hedging instruments			$	19,571	$	6,371	$	31,896
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts		Prepaid expenses and other current assets	$	—	$	3,394	$	—
Total			$	19,571	$	9,765	$	31,896
	Liability Derivatives
	Balance Sheet Classification		Fair Value
			March 31, 2012		March 31, 2011		December 31, 2011
					(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts		Accrued liabilities	$	1,927	$	25,850	$	1,347
Foreign currency forward exchange contracts		Other noncurrent liabilities		9		1,114		35
Total derivatives designated as hedging instruments			$	1,936	$	26,964	$	1,382
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts		Accrued liabilities	$	2,035	$	—	$	2,930
Total			$	3,971	$	26,964	$	4,312

Derivatives Designated as Hedging Instruments by Classification and Amount of Gains and Losses

The following tables present the classification and amount of gains and losses, net of tax, from derivatives reported in the consolidated statements of operations:

	For the Three Months Ended March 31, 2012					For the Three Months Ended March 31, 2011					Statements of Operations Classification
	Amount of Gain (Loss) Recognized in OCI			Amount of Gain (Loss) Reclassified from Accumulated OCI to Statements of Operations		Amount of Gain (Loss) Recognized in OCI			Amount of Gain (Loss) Reclassified from Accumulated OCI to Statements of Operations
	(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange contracts	$	(1,188	)	$	4,538	$	(14,353	)	$	740		Cost of sales

Derivatives Not Designated as Hedging Instruments by Classification and Amount of Gains and Losses

	Amount of Gain (Loss) Recognized in the Statements of Operations				Statements of Operations Classification
	For the Three Months Ended March 31, 2012		For the Three Months Ended March 31, 2011
	(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts	$	20,448	$	29,182	Non-operating income/expense
Foreign currency forward exchange contracts		247		1,700	Cost of sales
Total	$	20,695	$	30,882