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Goodwill and Intangible Assets, Net
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
Goodwill
Mattel's reporting units are at the same level as its operating segments. The change in the carrying amount of goodwill by reporting unit for 2023 and 2022 is shown below. Brand-specific goodwill held by foreign subsidiaries is allocated to the North America reporting unit selling those brands, thereby causing a foreign currency translation impact.
December 31,
2021		Currency Exchange Rate ImpactDecember 31,
2022		Currency Exchange Rate ImpactDecember 31,
2023
 (In thousands)
North America$731,789 $204 $731,993 $1,494 $733,487 
International450,847 (11,860)438,987 4,467 443,454 
American Girl207,571 — 207,571 — 207,571 
$1,390,207 $(11,656)$1,378,551 $5,961 $1,384,512 
In the third quarter of 2023, Mattel performed its annual impairment test and determined each reporting unit's fair value exceeded its carrying amount and that goodwill was not impaired. There were no events or changes in circumstances subsequent to the third quarter assessment that indicate that the carrying amount of a reporting unit may exceed its fair value as of December 31, 2023.
Intangible Assets, Net
Identifiable intangibles were $393.0 million, net of accumulated amortization of $408.5 million, and $425.1 million, net of accumulated amortization of $364.9 million, as of December 31, 2023 and 2022, respectively. The estimated future amortization expense for the next five years is as follows:
Amortization Expense
(In thousands)
2024$31,110 
202530,843 
202630,816 
202730,337 
202828,750 
Mattel tests its amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Mattel's amortizable intangible assets primarily consist of trademarks and trade names. During 2023 and 2022, Mattel's amortizable intangible assets were not impaired. During 2021, Mattel discontinued the use of an intangible asset, which resulted in an asset impairment charge of $2.0 million.