Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following tables present Mattel’s derivative assets and liabilities:



	Derivative Assets
	Balance Sheet Classification	Fair Value
		September 30, 2016		September 30, 2015		December 31, 2015
		(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Prepaid expenses and other current assets	$	7,127	$	21,138	$	15,279
Foreign currency forward exchange contracts	Other noncurrent assets	1,122		1,027		1,611
Total derivatives designated as hedging instruments		$	8,249	$	22,165	$	16,890
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	Prepaid expenses and other current assets	$	826	$	827	$	1,216
Cross currency swap contract	Prepaid expenses and other current assets	—		5,288		—
Total derivatives not designated as hedging instruments		$	826	$	6,115	$	1,216
Total		$	9,075	$	28,280	$	18,106

	Derivative Liabilities
	Balance Sheet Classification	Fair Value
		September 30, 2016		September 30, 2015		December 31, 2015
		(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Accrued liabilities	$	5,131	$	6,773	$	1,214
Foreign currency forward exchange contracts	Other noncurrent liabilities	1,382		672		219
Total derivatives designated as hedging instruments		$	6,513	$	7,445	$	1,433
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts	Accrued liabilities	$	—	$	816	$	2,287
Cross currency swap contract	Accrued liabilities	1,532		—		—
Total derivatives not designated as hedging instruments		$	1,532	$	816	$	2,287
Total		$	8,045	$	8,261	$	3,720

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

September 30, 2016

September 30, 2015

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

974

2,157

8,866

19,152

Cost of sales

For the Nine Months Ended

September 30, 2016

September 30, 2015

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

642

12,472

32,367

41,708

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
	September 30, 2016			September 30, 2015
	(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts	$	306		$	(14,711	)	Non-operating income/expense
Cross currency swap contract	(274		)	6,085			Non-operating income/expense
Foreign currency forward exchange contracts	619			896			Cost of sales
Total	$	651		$	(7,730	)



	Amount of Gain (Loss) Recognized in the Statements of Operations						Statements of Operations Classification
	For the Nine Months Ended
	September 30, 2016			September 30, 2015
	(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts	$	5,909		$	(55,033	)	Non-operating income/expense
Cross currency swap contract	(1,532		)	5,288			Non-operating income/expense
Foreign currency forward exchange contracts	2,217			(3		)	Cost of sales
Total	$	6,594		$	(49,748	)