Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2023

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 current period other comprehensive income (loss) and reclassifications out of accumulated other comprehensive income (loss):


	For the Three Months Ended March 31, 2023
	Derivative Instruments		Available-for-Sale Security		Employee Benefit Plans		Currency Translation Adjustments		Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2022	$	22,732	$	—	$	(138,498)	$	(795,712)	$	(911,478)
Other comprehensive (loss) income before reclassifications	(1,772)		—		7		28,100		26,335
Amounts reclassified from accumulated other comprehensive loss	(3,895)		—		720		—		(3,175)
Net (decrease) increase in other comprehensive income	(5,667)		—		727		28,100		23,160
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2023	$	17,065	$	—	$	(137,771)	$	(767,612)	$	(888,318)


	For the Three Months Ended March 31, 2022
	Derivative Instruments		Available-for-Sale Security		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	7,464		—		(315)		921		8,070
Amounts reclassified from accumulated other comprehensive loss	(1,357)		3,646		1,702		—		3,991
Net increase in other comprehensive income	6,107		3,646		1,387		921		12,061
Adjustment of accumulated other comprehensive loss to retained earnings	—		2,801		—		—		2,801
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2022	$	14,903	$	—	$	(152,712)	$	(788,600)	$	(926,409)

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
	March 31, 2023		March 31, 2022		Statements of Operations Classification
	(In thousands)
Derivative Instruments:
Gain on foreign currency forward exchange and other contracts	$	3,603	$	1,429	Cost of sales
Tax effect	292		(72)		(Benefit) Provision for income taxes
	$	3,895	$	1,357	Net (Loss) Income
Employee Benefit Plans:
Amortization of prior service credit (a)	$	472	$	469	Other non-operating (income) expense, net
Recognized actuarial loss (a)	(1,408)		(2,222)		Other non-operating (income) expense, net

	(936)		(1,753)
Tax effect	216		51		(Benefit) Provision for income taxes
	$	(720)	$	(1,702)	Net (Loss) Income

(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.