Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Revenues from Segment to Consolidated

The following tables present information about revenues, income (loss), and assets by segment. Mattel does not include sales adjustments such as trade discounts and other allowances in the calculation of segment revenues (referred to as "gross sales" and reconciled to net sales in the tables below). Mattel records these adjustments in its financial accounting systems at the time of sale to each customer, but the adjustments generally are not associated with categories, brands, and individual products. For this reason, Mattel's Chief Operating Decision Maker uses total net sales and gross sales by segment as measures to evaluate segment performance. Sales adjustments are included in the determination of segment income (loss) from operations based on the adjustments recorded in the financial accounting systems. Segment income (loss) represents each segment's operating income (loss), while consolidated operating loss represents loss from operations before net interest, other non-operating expense (income), net, and income taxes as reported in the consolidated statements of operations. The corporate and other expense category includes costs not allocated to individual segments, including charges related to incentive compensation, severance and other restructuring costs, share-based compensation, corporate headquarters functions managed on a worldwide basis, and the impact of changes in foreign currency exchange rates on intercompany transactions.

	For the Three Months Ended				For the Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
	(In thousands)
Revenues by Segment
North America	$	461,550	$	447,354	$	767,302	$	816,745
International	323,944		480,507		650,064		845,685
American Girl	29,066		34,405		67,159		79,962
Gross sales	814,560		962,266		1,484,525		1,742,392
Sales adjustments	(82,424)		(102,203)		(158,319)		(193,083)
Net sales	$	732,136	$	860,063	$	1,326,206	$	1,549,309

	For the Three Months Ended				For the Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
	(In thousands)
Segment Income (Loss)
North America (a)	$	77,920	$	28,297	$	85,951	$	8,556
International (a)	(9,767)		(3,507)		(43,848)		(27,810)
American Girl	(13,858)		(16,305)		(31,299)		(30,364)
	54,295		8,485		10,804		(49,618)
Corporate and other expense (b)	(100,436)		(59,901)		(206,756)		(128,809)
Operating loss	(46,141)		(51,416)		(195,952)		(178,427)
Interest expense	49,615		46,234		98,595		93,192
Interest (income)	(1,025)		(1,532)		(3,108)		(3,804)
Other non-operating expense (income), net	1,602		(294)		3,743		1,610
Loss before income taxes	$	(96,333)	$	(95,824)	$	(295,182)	$	(269,425)

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(a)Segment income (loss) included severance and restructuring expenses of $1.4 million and $4.5 million, for the three and six months ended June 30, 2020, respectively, and $3.5 million, for the three and six months ended June 30, 2019, respectively, which were allocated to the North America and International segments. Segment income (loss) for the three and six months ended June 30, 2019 also included charges of $3.1 million and $30.4 million, respectively, attributable to the inclined sleeper product recalls, substantially all of which was recorded in the North America segment.

(b)Corporate and other expense included severance and restructuring charges of $16.2 million and $23.8 million, for the three and six months ended June 30, 2020, respectively, and $14.4 million and $23.1 million, for the three and six months ended June 30, 2019. Corporate and other expense also included expenses related to inclined sleeper product recall litigation of $2.9 million and $9.1 million, for the three and six months ended June 30, 2020, respectively, and share-based compensation for the three and six months ended June 30, 2020 and June 30, 2019.

Schedule of Segment Assets

Segment assets are comprised of accounts receivable and inventories, net of applicable allowances and reserves.

	June 30, 2020		June 30, 2019		December 31, 2019
	(In thousands)
Assets by Segment
North America	$	620,900	$	622,614	$	569,819
International	520,189		677,958		721,251
American Girl	48,192		42,681		35,004
	1,189,281		1,343,253		1,326,074
Corporate and other	163,813		134,839		105,789
Accounts receivable and inventories, net	$	1,353,094	$	1,478,092	$	1,431,863

Schedule of Worldwide Revenues

The table below presents worldwide revenues by categories:

	For the Three Months Ended				For the Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
	(In thousands)
Revenues by Categories
Dolls	$	261,023	$	273,405	$	486,892	$	526,291
Infant, Toddler, and Preschool	199,824		251,996		340,144		445,622
Vehicles	158,683		214,137		344,334		397,498
Action Figures, Building Sets, Games, and Other	195,030		222,728		313,155		372,981
Gross sales	814,560		962,266		1,484,525		1,742,392
Sales adjustments	(82,424)		(102,203)		(158,319)		(193,083)
Net sales	$	732,136	$	860,063	$	1,326,206	$	1,549,309

The table below presents supplemental disclosure of worldwide revenues:

	For the Three Months Ended				For the Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
	(In thousands)
Revenues by Top 3 Power Brands
Barbie	$	199,312	$	186,531	$	346,797	$	350,009
Hot Wheels	136,479		175,199		295,097		325,735
Fisher-Price and Thomas & Friends	176,259		222,409		305,009		394,807
Other	302,510		378,127		537,622		671,841
Gross sales	814,560		962,266		1,484,525		1,742,392
Sales adjustments	(82,424)		(102,203)		(158,319)		(193,083)
Net sales	$	732,136	$	860,063	$	1,326,206	$	1,549,309

Schedule of Revenues by Geographic Area

The table below presents information by geographic area. Revenues are attributed to countries based on location of the customer.

	For the Three Months Ended				For the Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
	(In thousands)
Revenues by Geographic Area
North America	$	490,616	$	481,759	$	834,461	$	896,707
International
EMEA	184,018		234,107		399,305		450,456
Latin America	67,690		141,310		127,351		216,560
Asia Pacific	72,236		105,090		123,408		178,669
Total International	323,944		480,507		650,064		845,685
Gross sales	814,560		962,266		1,484,525		1,742,392
Sales adjustments	(82,424)		(102,203)		(158,319)		(193,083)
Net sales	$	732,136	$	860,063	$	1,326,206	$	1,549,309