Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Assets and Liabilities

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

	Asset Derivatives
	Balance Sheet Classification	Fair Value
		June 30, 2014		June 30, 2013		December 31, 2013
				(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Prepaid expenses and other current assets	$	2,938	$	7,389	$	415
Foreign currency forward exchange contracts	Other noncurrent assets		541		—		—
Total derivatives designated as hedging instruments		$	3,479	$	7,389	$	415
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	Prepaid expenses and other current assets	$	4,323	$	—	$	1,895
Total		$	7,802	$	7,389	$	2,310
	Liability Derivatives
	Balance Sheet Classification	Fair Value
		June 30, 2014		June 30, 2013		December 31, 2013
				(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Accrued liabilities	$	10,028	$	2,436	$	12,432
Foreign currency forward exchange contracts	Other noncurrent liabilities		75		—		470
Total derivatives designated as hedging instruments		$	10,103	$	2,436	$	12,902
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	Accrued liabilities	$	299	$	2,642	$	1,711
Total		$	10,402	$	5,078	$	14,613

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 June 30, 2014						For the Three Months Ended June 30, 2013						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	$	(5,536	)	$	(2,830	)	$	(872	)	$	(326	)	Cost of sales
	For the Six Months Ended June 30, 2014						For the Six Months Ended June 30, 2013						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	$	(4,308	)	$	(5,597	)	$	7,266		$	803		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 June 30, 2014			For the Three Months Ended June 30, 2013
	(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts	$	2,216		$	(3,546	)	Non-operating income/expense
Foreign currency forward exchange contracts		(1,085	)		(372	)	Cost of sales
Total	$	1,131		$	(3,918	)
	Amount of Gain (Loss) Recognized in the Statements of Operations						Statements of Operations Classification
	For the Six Months Ended June 30, 2014			For the Six Months Ended June 30, 2013
	(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts	$	9,769		$	(17,321	)	Non-operating income/expense
Foreign currency forward exchange contracts		686			31		Cost of sales
Total	$	10,455		$	(17,290	)