| 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 from accumulated other comprehensive income (loss): | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2025 | | | Derivative
Instruments | | Employee Benefit Plans | | Currency
Translation
Adjustments | | Total | | | (In thousands) | | Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2024 | $ | 14,307 | | | $ | (139,663) | | | $ | (869,096) | | | $ | (994,452) | | | Other comprehensive income (loss) before reclassifications | (9,223) | | | 37 | | | 53,618 | | | 44,432 | | | Amounts reclassified from accumulated other comprehensive income (loss) | 2,185 | | | 1,248 | | | — | | | 3,433 | | | Net change in other comprehensive income (loss) | (7,038) | | | 1,285 | | | 53,618 | | | 47,865 | | | Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2025 | $ | 7,269 | | | $ | (138,378) | | | $ | (815,478) | | | $ | (946,587) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2024 | | | Derivative
Instruments | | Employee Benefit Plans | | Currency
Translation
Adjustments | | Total | | | (In thousands) | | Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2023 | $ | (3,463) | | | $ | (142,916) | | | $ | (758,589) | | | $ | (904,968) | | | Other comprehensive income (loss) before reclassifications | 13,224 | | | 1,493 | | | (17,946) | | | (3,229) | | | Amounts reclassified from accumulated other comprehensive income (loss) | (8,241) | | | 705 | | | — | | | (7,536) | | | Net change in other comprehensive income (loss) | 4,983 | | | 2,198 | | | (17,946) | | | (10,765) | | | Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2024 | $ | 1,520 | | | $ | (140,718) | | | $ | (776,535) | | | $ | (915,733) | |
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| 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, 2025 | | March 31, 2024 | | Statements of Operations
Classification | | (In thousands) | | | | Derivative Instruments: | | | (Loss) gain on foreign currency forward exchange and other contracts | $ | (2,188) | | | $ | 8,225 | | | Cost of sales | | Tax effect | 3 | | | 16 | | | Provision/benefit from income taxes | | $ | (2,185) | | | $ | 8,241 | | | Net income/loss | | Employee Benefit Plans: | | | | | | | Amortization of prior service credit (a) | $ | 450 | | | $ | 461 | | | Other non-operating income/expense, net | | Recognized actuarial loss (a) | (2,092) | | | (1,895) | | | Other non-operating income/expense, net | | | | | | | | (1,642) | | | (1,434) | | | | | Tax effect | 394 | | | 729 | | | Provision/benefit from income taxes | | $ | (1,248) | | | $ | (705) | | | Net income/loss |
(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.
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