| Schedule of Derivative Assets and Liabilities |
The following tables present Mattel's derivative assets and liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | Derivative Assets | | | Balance Sheet Classification | | Fair Value | | | March 31,
2025 | | March 31,
2024 | | December 31,
2024 | | | | (In thousands) | | Derivatives Designated as Hedging Instruments: | | | | | | | | | Foreign currency forward exchange and other contracts | Prepaid expenses and other current assets | | $ | 7,423 | | | $ | 4,631 | | | $ | 17,290 | | | Foreign currency forward exchange and other contracts | Other noncurrent assets | | 553 | | | 423 | | | 2,775 | | | Total Derivatives Designated as Hedging Instruments | | | $ | 7,976 | | | $ | 5,054 | | | $ | 20,065 | | | Derivatives Not Designated as Hedging Instruments: | | | | | | | | | Foreign currency forward exchange and other contracts | Prepaid expenses and other current assets | | $ | 586 | | | $ | 3,511 | | | $ | 1,966 | | | Total Derivatives Not Designated as Hedging Instruments | | | $ | 586 | | | $ | 3,511 | | | $ | 1,966 | | | | | $ | 8,562 | | | $ | 8,565 | | | $ | 22,031 | | | | | | | | | | | | Derivative Liabilities | | | Balance Sheet Classification | | Fair Value | | | | March 31,
2025 | | March 31,
2024 | | December 31,
2024 | | | | (In thousands) | | Derivatives Designated as Hedging Instruments: | | | | | | | | | Foreign currency forward exchange and other contracts | Accrued liabilities | | $ | 3,749 | | | $ | 4,389 | | | $ | 1,370 | | | Foreign currency forward exchange and other contracts | Other noncurrent liabilities | | 905 | | | 47 | | | 65 | | | Total Derivatives Designated as Hedging Instruments | | | $ | 4,654 | | | $ | 4,436 | | | $ | 1,435 | | | Derivatives Not Designated as Hedging Instruments: | | | | | | | | | Foreign currency forward exchange and other contracts | Accrued liabilities | | $ | 1,438 | | | $ | 173 | | | $ | 902 | | | Total Derivatives Not Designated as Hedging Instruments | | | $ | 1,438 | | | $ | 173 | | | $ | 902 | | | | | $ | 6,092 | | | $ | 4,609 | | | $ | 2,337 | |
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| Schedule of Derivatives Designated as Hedging Instruments by Classification and Amount of Gains and Losses |
The following tables present the classification and amount of gains and losses, net of tax, from derivatives reported in the consolidated statements of operations: | | | | | | | | | | | | | | | | | | | Derivatives Designated as Hedging Instruments | | For the Three Months Ended | | | | | March 31,
2025 | | March 31,
2024 | | Statements of
Operations
Classification | | | (In thousands) | | | | Foreign Currency Forward Exchange and Other Contracts: | | | | | | | Amount of (losses) gains recognized in OCI | $ | (9,223) | | | $ | 13,224 | | | | | Amount of (losses) gains reclassified from accumulated OCI to the consolidated statements of operations | (2,185) | | | 8,241 | | | Cost of sales | | | | | | |
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| Schedule of Derivatives Not Designated as Hedging Instruments by Classification and Amount of Gains and Losses |
The net gains reclassified from accumulated other comprehensive loss to the consolidated statements of operations during the three months ended March 31, 2025 and 2024 were offset by changes in cash flows associated with the underlying hedged transactions. | | | | | | | | | | | | | | | | | | | | Derivatives Not Designated as Hedging Instruments | | For the Three Months Ended | | | | March 31,
2025 | | March 31,
2024 | | Statements of
Operations
Classification | | | (In thousands) | | | | Amount of Net Gains (Losses) Recognized in the Statements of Operations: | | | | | | | Foreign currency forward exchange and other contracts | $ | 1,869 | | | $ | 5,063 | | | Other non-operating income/expense, net | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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