v3.25.1
Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Mattel designs, manufactures, and markets a broad variety of toy products worldwide, which are sold to its customers and directly to consumers.
Segment Data
Mattel's reportable segments are (i) North America and (ii) International. The North America and International segments sell products across Mattel's categories, although some products are developed and adapted for particular international markets, and American Girl products are sold only in North America.
Mattel's reportable segments are aligned to the structure used by its Chief Executive Officer, who is also the Chief Operating Decision Maker ("CODM"), to allocate resources and assess performance. Mattel's CODM evaluates segment performance based on each segment's gross profit and operating income. The CODM also uses these metrics in the annual budgeting and quarterly forecasting process to inform decisions about allocating capital and other resources to each segment.
The following tables present information regarding Mattel's statement of operations information by segment. The corporate and other category includes operating costs not allocated to individual segments, including charges related to incentive and share-based compensation, corporate headquarters functions managed on a worldwide basis, the impact of changes in foreign currency exchange rates on intercompany transactions, and certain severance and other restructuring costs. It is impracticable for Mattel to present net sales by categories, brands, or products, as trade discounts and other allowances are generally recorded in the financial accounting systems by customer.
 For the Three Months Ended March 31, 2025
North AmericaInternationalTotal Reportable SegmentsCorporate
and other		Consolidated
(In thousands)
Net Sales$491,365 $335,264 $826,629 $— $826,629 
Cost of sales (a)256,293 175,522 431,815 (13,282)418,533 
Gross Profit235,072 159,742 394,814 13,282 408,096 
Advertising and promotion expenses38,586 31,612 70,198 — 70,198 
Other selling and administrative expenses (b)113,415 104,810 218,225 172,653 390,878 
Operating Income (Loss)83,071 23,320 106,391 (159,371)(52,980)
Interest expense29,234 29,234 
Interest (income)(15,952)(15,952)
Other non-operating expense, net13,040 13,040 
Loss Before Income Taxes$(79,302)
(a)Cost of sales included severance and other restructuring charges of approximately $2 million recorded to corporate and other.
(b)Other selling and administrative expenses included severance and other restructuring charges, the impact of inclined sleeper product recall litigation, incentive compensation, and share-based compensation of approximately $21 million, $14 million, $24 million, and $20 million, respectively, which were recorded in corporate and other.
 For the Three Months Ended March 31, 2024
North AmericaInternationalTotal Reportable SegmentsCorporate
and other		Consolidated
(In thousands)
Net Sales$477,786 $331,722 $809,508 $— $809,508 
Cost of sales (a)257,144 184,080 441,224 (20,586)420,638 
Gross Profit220,642 147,642 368,284 20,586 388,870 
Advertising and promotion expenses34,715 36,726 71,441 — 71,441 
Other selling and administrative expenses (b)112,936 101,646 214,582 138,365 352,947 
Operating Income (Loss)72,991 9,270 82,261 (117,779)(35,518)
Interest expense30,059 30,059 
Interest (income)(17,282)(17,282)
Other non-operating expense, net5,613 5,613 
Loss Before Income Taxes$(53,908)
(a)Cost of sales included severance and other restructuring charges of approximately $2 million recorded to corporate and other.
(b)Other selling and administrative expenses included severance and other restructuring charges, the impact of inclined sleeper product recall litigation, incentive compensation, and share-based compensation of approximately $6 million, $4 million, $26 million, and $18 million, respectively, which were recorded in corporate and other.
The following tables present information regarding depreciation and amortization by segment, as well as assets by segment.
 For the Three Months Ended
 March 31,
2025		March 31,
2024
 (In thousands)
Depreciation and Amortization by Segment
North America$22,873 $23,843 
International13,860 13,698 
36,733 37,541 
Corporate and other5,052 4,795 
Depreciation and amortization$41,785 $42,336 
Segment assets were comprised of accounts receivable and inventories, net of applicable reserves and allowances.
March 31,
2025		March 31,
2024		December 31,
2024
 (In thousands)
Assets by Segment
North America$646,211 $686,694 $757,552 
International519,192 566,572 651,738 
1,165,403 1,253,266 1,409,290 
Corporate and other126,327 89,339 95,620 
Accounts receivable, net and inventories$1,291,730 $1,342,605 $1,504,910 
Geographic Information
The following table presents information regarding Mattel's net sales by geographic area. Net sales are attributed to countries based on the location of the customer:
 For the Three Months Ended
 March 31,
2025		March 31,
2024
 (In thousands)
Net Sales by Geographic Area
North America$491,365 $477,786 
International
EMEA197,105 185,239 
Latin America64,601 79,651 
Asia Pacific73,558 66,832 
Total International335,264 331,722 
Net sales$826,629 $809,508