Property, Plant, and Equipment

6 Months Ended

Jun. 30, 2020

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

Property, Plant, and Equipment

Property, plant, and equipment, net includes the following: 

	June 30, 2020		June 30, 2019		December 31, 2019
	(In thousands)
Land	$	24,938	$	25,133	$	25,112
Buildings	295,948		298,768		302,956
Machinery and equipment	753,388		873,294		812,509
Software	370,392		409,209		364,391
Tools, dies, and molds	601,811		818,166		747,706
Leasehold improvements	179,545		237,150		183,250
	2,226,022		2,661,720		2,435,924
Less: accumulated depreciation	(1,719,467)		(2,065,882)		(1,885,785)
	$	506,555	$	595,838	$	550,139

During the three months ended December 31, 2019, in conjunction with the Capital Light program, as further discussed in "Note 19 to the Consolidated Financial Statements—Restructuring Charges," Mattel discontinued production at one of its plants based in Mexico and has committed to a plan to dispose of the land and building. These assets meet the held for sale criteria and are actively being marketed for sale. The estimated fair value of the land and building, less costs to dispose, was determined to exceed its net book value of $8.4 million and $12.1 million as of June 30, 2020 and December 31, 2019, respectively, and are included within property, plant and equipment, net in the consolidated balance sheets.