Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

The following tables present changes in the accumulated balances for each component of other comprehensive income (loss), including other comprehensive income (loss) and reclassifications out of accumulated other comprehensive income (loss) for each period:

	For the Three Months Ended June 30, 2022
	Derivative Instruments		Available-for-Sale Securities		Employee Benefit Plans		Currency Translation Adjustments		Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2022	$	14,903	$	—	$	(152,712)	$	(788,600)	$	(926,409)
Other comprehensive income (loss) before reclassifications	26,425		—		217		(6,490)		20,152
Amounts reclassified from accumulated other comprehensive income (loss)	(7,998)		—		1,107		—		(6,891)
Net increase (decrease) in other comprehensive income (loss)	18,427		—		1,324		(6,490)		13,261
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2022	$	33,330	$	—	$	(151,388)	$	(795,090)	$	(913,148)

	For the Six Months Ended June 30, 2022
	Derivative Instruments		Available-for-Sale Securities		Employee Benefit Plans		Currency Translation Adjustments		Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2021	$	8,796	$	(6,447)	$	(154,099)	$	(789,521)	$	(941,271)
Other comprehensive income (loss) before reclassifications	33,889		—		(98)		(5,569)		28,222
Amounts reclassified from accumulated other comprehensive income (loss)	(9,355)		3,646		2,809		—		(2,900)
Net increase (decrease) in other comprehensive income (loss)	24,534		3,646		2,711		(5,569)		25,322
Adjustment of accumulated other comprehensive loss to retained earnings	—		2,801		—		—		2,801
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2022	$	33,330	$	—	$	(151,388)	$	(795,090)	$	(913,148)

	For the Three Months Ended June 30, 2021
	Derivative Instruments		Available-for-Sale Securities		Employee Benefit Plans		Currency Translation Adjustments		Total
	(In thousands)
Accumulated Other Comprehensive Loss, Net of Tax, as of March 31, 2021	$	(7,998)	$	(5,558)	$	(184,506)	$	(762,964)	$	(961,026)
Other comprehensive (loss) income before reclassifications	(771)		1,268		(254)		20,932		21,175
Amounts reclassified from accumulated other comprehensive loss	2,060		—		2,475		—		4,535
Net increase (decrease) in other comprehensive income (loss)	1,289		1,268		2,221		20,932		25,710
Accumulated Other Comprehensive Loss, Net of Tax, as of June 30, 2021	$	(6,709)	$	(4,290)	$	(182,285)	$	(742,032)	$	(935,316)

	For the Six Months Ended June 30, 2021
	Derivative Instruments		Available-for-Sale Securities		Employee Benefit Plans		Currency Translation Adjustments		Total
	(In thousands)
Accumulated Other Comprehensive Loss, Net of Tax, as of December 31, 2020	$	(15,369)	$	(7,522)	$	(186,854)	$	(734,831)	$	(944,576)
Other comprehensive income (loss) before reclassifications	9,331		3,232		(259)		(7,201)		5,103
Amounts reclassified from accumulated other comprehensive loss	(671)		—		4,828		—		4,157
Net increase (decrease) in other comprehensive income (loss)	8,660		3,232		4,569		(7,201)		9,260
Accumulated Other Comprehensive Loss, Net of Tax, as of June 30, 2021	$	(6,709)	$	(4,290)	$	(182,285)	$	(742,032)	$	(935,316)

Schedule of Consolidated Statement of Operations Line Items Affected by Reclassifications from Accumulated Other Comprehensive Income (Loss)

The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:

	For the Three Months Ended
	June 30, 2022		June 30, 2021		Statements of Operations Classification
	(In thousands)
Derivative Instruments
Gain (loss) on foreign currency forward exchange and other contracts	$	8,043	$	(1,969)	Cost of sales
Tax effect	(45)		(91)		Provision for income taxes
	$	7,998	$	(2,060)	Net income (loss)
Employee Benefit Plans
Amortization of prior service credit (a)	$	436	$	390	Other non-operating expense (income), net
Recognized actuarial loss (a)	(2,319)		(2,773)		Other non-operating expense (income), net
	$	(1,883)	$	(2,383)
Tax effect	776		(92)		Provision for income taxes
	$	(1,107)	$	(2,475)	Net income (loss)

(a)The amortization of prior service credit and recognized actuarial loss are included in the computation of net periodic benefit cost. Refer to "Note 15 to the Consolidated Financial Statements—Employee Benefit Plans" for additional information regarding Mattel's net periodic benefit cost.

	For the Six Months Ended
	June 30, 2022		June 30, 2021		Statements of Operations Classification
	(In thousands)
Derivative Instruments
Gain on foreign currency forward exchange and other contracts	$	9,472	$	870	Cost of sales
Tax effect	(117)		(199)		Provision for income taxes
	$	9,355	$	671	Net Income (loss)
Employee Benefit Plans
Amortization of prior service credit (a)	$	905	$	789	Other non-operating expense (income), net
Recognized actuarial loss (a)	(4,541)		(5,555)		Other non-operating expense (income), net
	(3,636)		(4,766)
Tax effect	827		(62)		Provision for income taxes
	$	(2,809)	$	(4,828)	Net Income (loss)

(a)The amortization of prior service credit and recognized actuarial loss are included in the computation of net periodic benefit cost. Refer to "Note 15 to the Consolidated Financial Statements—Employee Benefit Plans" for additional information regarding Mattel's net periodic benefit cost.