Foreign Currency Transaction Exposure

6 Months Ended

Jun. 30, 2022

Foreign Currency [Abstract]

Foreign Currency Transaction Exposure

Foreign Currency Transaction ExposureCurrency exchange rate fluctuations impact Mattel's results of operations and cash flows. Mattel's currency transaction exposures include gains and losses realized on unhedged inventory purchases and unhedged receivables and payables balances that are denominated in a currency other than the applicable functional currency. Gains and losses on unhedged inventory purchases and other transactions associated with operating activities are recorded in the components of operating income in the consolidated statements of operations. Gains and losses on unhedged intercompany loans and advances are recorded as a component of other non-operating expense (income), net in the consolidated statements of operations in the period in which the currency exchange rate changes. Transactions denominated in the Chinese yuan, Euro, Mexican peso, and Russian ruble were the primary transactions that caused foreign currency transaction exposure for Mattel during the six months ended June 30, 2022.

Currency transaction losses included in the consolidated statements of operations are as follows:

	For the Three Months Ended
	June 30, 2022		June 30, 2021		Statements of Operations Classification
	(In thousands)
Currency transaction (losses) gains	$	(8,721)	$	1,069	Operating income
Currency transaction (losses)	(12,347)		(1,501)		Other non-operating expense (income), net
Currency transaction (losses), net	$	(21,068)	$	(432)

	For the Six Months Ended
	June 30, 2022		June 30, 2021		Statements of Operations Classification
	(In thousands)
Currency transaction (losses)	$	(8,258)	$	(2,503)	Operating income
Currency transaction (losses)	(18,791)		(4,809)		Other non-operating expense (income), net
Currency transaction (losses), net	$	(27,049)	$	(7,312)