Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets and Liabilities

The following tables present Mattel's derivative assets and liabilities:

	Derivative Assets
	Balance Sheet Classification	Fair Value
		June 30, 2022		June 30, 2021		December 31, 2021
		(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange and other contracts	Prepaid expenses and other current assets	$	31,145	$	5,405	$	13,361
Foreign currency forward exchange and other contracts	Other noncurrent assets	6,383		1,774		1,000
Total derivatives designated as hedging instruments		$	37,528	$	7,179	$	14,361
Derivatives not designated as hedging instruments
Foreign currency forward exchange and other contracts	Prepaid expenses and other current assets	$	6,654	$	1,624	$	3,714
		$	44,182	$	8,803	$	18,075
	Derivative Liabilities
	Balance Sheet Classification	Fair Value
		June 30, 2022		June 30, 2021		December 31, 2021
		(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange and other contracts	Accrued liabilities	$	1,132	$	10,774	$	2,301
Foreign currency forward exchange and other contracts	Other noncurrent liabilities	107		270		280
Total derivatives designated as hedging instruments		$	1,239	$	11,044	$	2,581
Derivatives not designated as hedging instruments
Foreign currency forward exchange and other contracts	Accrued liabilities	$	897	$	5,187	$	1,229
		$	2,136	$	16,231	$	3,810

Schedule of Derivatives Designated as Hedging Instruments by Classification and Amount of Gains and Losses

The following tables present the classification and amount of gains and losses, net of tax, from derivatives reported in the consolidated statements of operations:

	Derivatives Designated As Hedging Instruments
	For the Three Months Ended
	June 30, 2022		June 30, 2021		Statements of Operations Classification
	(In thousands)
Foreign currency forward exchange contracts:
Amount of gains (losses) recognized in OCI	$	26,425	$	(771)
Amount of gains (losses) reclassified from accumulated OCI to consolidated statements of operations	7,998		(2,060)		Cost of sales

	Derivatives Designated As Hedging Instruments
	For the Six Months Ended
	June 30, 2022		June 30, 2021		Statements of Operations Classification
	(In thousands)
Foreign currency forward exchange contracts:
Amount of gains recognized in OCI	$	33,889	$	9,331
Amount of gains reclassified from accumulated OCI to consolidated statements of operations	9,355		671		Cost of sales

Schedule of Derivatives Not Designated as Hedging Instruments by Classification and Amount of Gains and Losses

	Derivatives Not Designated As Hedging Instruments
	For the Three Months Ended
	June 30, 2022		June 30, 2021		Statements of Operations Classification
	(In thousands)
Amount of net gains recognized in the Statements of Operations
Foreign currency forward exchange and other contract gains	$	10,954	$	7,673	Other non-operating expense (income), net
Foreign currency forward exchange and other contract gains	—		—		Cost of sales
	$	10,954	$	7,673

	Derivatives Not Designated As Hedging Instruments
	For the Six Months Ended
	June 30, 2022		June 30, 2021		Statements of Operations Classification
	(In thousands)
Amount of net gains (losses) recognized in the Statements of Operations
Foreign currency forward exchange and other contract gains (losses)	$	3,121	$	(963)	Other non-operating expense (income), net
Foreign currency forward exchange and other contract gains	—		639		Cost of sales
	$	3,121	$	(324)