Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities

Mattel's financial assets and liabilities include the following:

	June 30, 2022
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Foreign currency forward exchange contracts and other (a)	$	—	$	44,182	$	—	$	44,182
Equity securities (b)	4,400		—		—		4,400
Total assets	$	4,400	$	44,182	$	—	$	48,582
Liabilities:
Foreign currency forward exchange contracts and other (a)	$	—	$	2,136	$	—	$	2,136
	June 30, 2021
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Foreign currency forward exchange contracts and other (a)	$	—	$	8,803	$	—	$	8,803
Equity securities (b)	7,500		—		—		7,500
Total assets	$	7,500	$	8,803	$	—	$	16,303
Liabilities:
Foreign currency forward exchange contracts and other (a)	$	—	$	16,231	$	—	$	16,231
	December 31, 2021
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Foreign currency forward exchange contracts and other (a)	$	—	$	18,075	$	—	$	18,075
Equity securities (b)	5,343		—		—		5,343
Total assets	$	5,343	$	18,075	$	—	$	23,418
Liabilities:
Foreign currency forward exchange contracts and other (a)	$	—	$	3,810	$	—	$	3,810

(a)The fair value of the foreign currency forward exchange contracts and other commodity derivative instruments is based on dealer quotes of market forward rates and reflects the amount that Mattel would receive or pay at their maturity dates for contracts involving the same notional amounts, currencies, and maturity dates.

(b)The fair value of the equity securities are based on the quoted price on an active public exchange.