XML 35 R9.htm IDEA: XBRL DOCUMENT v3.20.4
Property, Plant, and Equipment
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment Property, Plant, and Equipment
Property, plant, and equipment, net includes the following:
 December 31,
2020
December 31,
2019
 (In thousands)
Land$24,913 $25,112 
Buildings335,407 302,956 
Machinery and equipment772,349 812,509 
Software344,268 364,391 
Tools, dies, and molds607,915 747,706 
Leasehold improvements131,578 183,250 
2,216,430 2,435,924 
Less: accumulated depreciation(1,742,636)(1,885,785)
$473,794 $550,139 
During the quarter ended December 31, 2019, in conjunction with Mattel's cost savings programs, 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, were determined to exceed its net book value of $8.4 million and $12.1 million as of December 31, 2020 and December 31, 2019, respectively, and are included within property, plant and equipment, net in the consolidated balance sheets within the Corporate and Other segment.