v3.25.1
Employee Benefit Plans
 3 Months Ended
Mar. 31, 2025
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Mattel and certain of its subsidiaries have qualified and nonqualified retirement plans covering substantially all employees of these companies, which are more fully described in Part II, Item 8 "Financial Statements and Supplementary Data—Note 4 to the Consolidated Financial Statements–Employee Benefit Plans" in the 2024 Annual Report on Form 10-K.
The components of Mattel's net periodic benefit cost for defined benefit pension plans were as follows:
 For the Three Months Ended
 March 31,
2025		March 31,
2024
 (In thousands)
Service cost$830 $859 
Interest cost5,080 5,053 
Expected return on plan assets(4,369)(4,681)
Amortization of prior service cost49 48 
Recognized actuarial loss2,165 1,943 
Net periodic benefit cost$3,755 $3,222 
The components of Mattel's net periodic benefit credit for postretirement benefit plans were as follows:
 For the Three Months Ended
March 31,
2025		March 31,
2024
 (In thousands)
Interest cost$36 $45 
Amortization of prior service credit(499)(509)
Recognized actuarial gain(73)(48)
Net periodic benefit credit$(536)$(512)
Mattel's service cost component is recorded within operating loss while other components of net periodic benefit costs for defined benefit pension and postretirement benefit plans are recorded within other non-operating expense, net.
During the three months ended March 31, 2025, Mattel made cash contributions totaling approximately $9 million related to its defined benefit pension and postretirement benefit plans. During the remainder of 2025, Mattel expects to make additional cash contributions of approximately $12 million.