Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Derivative Assets and Liabilities

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

	Asset Derivatives
	Balance Sheet Classification	Fair Value
		December 31, 2012		December 31, 2011
		(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Prepaid expenses and other current assets	$	3,064	$	29,043
Foreign currency forward exchange contracts	Other noncurrent assets		4		2,853
Total derivatives designated as hedging instruments		$	3,068	$	31,896

	Liability Derivatives
	Balance Sheet Classification	Fair Value
		December 31, 2012		December 31, 2011
		(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Accrued liabilities	$	8,093	$	1,347
Foreign currency forward exchange contracts	Other noncurrent liabilities		177		35
Total derivatives designated as hedging instruments		$	8,270	$	1,382
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	Accrued liabilities	$	487	$	2,930
Total		$	8,757	$	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 Year Ended December 31, 2012				For the Year Ended December 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	$	2,734	$	29,933	$	17,900	$	(9,843	)		Cost of sales

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

The net gain of $29.9 million and net loss of $9.8 million reclassified from accumulated other comprehensive loss to the consolidated statements of operations during 2012 and 2011, respectively, are offset by the changes in cash flows associated with the underlying hedged transactions.

	Amount of Gain (Loss) Recognized in the Statements of Operations					Statements of Operations Classification
	For the Year Ended December 31, 2012			For the Year Ended December 31, 2011
	(In thousands)
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	$	6,317		$	3,955	Non-operating income/expense
Foreign currency forward exchange contracts		(910	)		747	Cost of sales
Total	$	5,407		$	4,702