Property, Plant, and Equipment, Net

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

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


	June 30, 2022		June 30, 2021		December 31, 2021
	(In thousands)
Land	$	19,385	$	21,969	$	21,811
Buildings	304,308		309,513		317,114
Machinery and equipment	719,206		754,884		762,462
Software	341,711		344,742		348,062
Tools, dies, and molds	531,151		593,191		537,499
Leasehold improvements	108,075		115,457		115,844
Construction in progress	53,246		52,564		55,559
	2,077,082		2,192,320		2,158,351
Less: accumulated depreciation	(1,635,015)		(1,732,492)		(1,702,385)
	$	442,067	$	459,828	$	455,966

During the three months ended June 30, 2022, Mattel completed the sale of the American Girl corporate offices and a distribution center, located in Middleton, Wisconsin, which included land and buildings. The assets sold were previously designated as held for sale, and included within property, plant, and equipment, net in the consolidated balance sheet. Mattel received net proceeds from the sale of $23.8 million, which resulted in a pre-tax gain of $15.2 million, recorded in other selling and administrative expenses in the consolidated statement of operations.

During the three months ended March 31, 2021, Mattel completed the sale of a manufacturing plant, located in Mexico, which included land and buildings. The assets sold were previously designated as held for sale, and included within property, plant, and equipment, net in the consolidated balance sheet. Mattel received net proceeds from the sale of $24.8 million, which resulted in a pre-tax gain of $15.8 million, recorded in other selling and administrative expenses in the consolidated statement of operations.