Property, Plant, and Equipment, Net

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment, Net

Property, Plant, and Equipment, Net

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

	March 31, 2023		March 31, 2022		December 31, 2022
	(In thousands)
Land	$	18,078	$	21,858	$	18,045
Buildings	305,649		330,519		303,827
Machinery and equipment	668,965		759,379		654,437
Software	337,162		348,888		336,716
Tools, dies, and molds	506,325		541,891		510,398
Leasehold improvements	112,128		116,558		104,135
Construction in progress	80,376		47,373		79,742
	2,028,683		2,166,466		2,007,300
Less: accumulated depreciation	(1,557,467)		(1,714,485)		(1,538,168)
	$	471,216	$	451,981	$	469,132

During the second quarter of 2022, Mattel sold the American Girl corporate offices and a distribution center located in Middleton, Wisconsin, which included land and buildings. 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 upon completion of the sale.