v3.22.4
Segment Information
 12 Months Ended
Dec. 31, 2022
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 operating and reportable segments are: (i) North America, which consist of the United States and Canada; (ii) International; and (iii) American Girl. The North America and International segments sell products across categories, although some products are developed and adapted for particular international markets.
The following tables present information regarding net sales, operating income (loss), depreciation and amortization, and assets by segment. The corporate and other expense 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 Year Ended
 December 31,
2022		December 31,
2021		December 31,
2020
 (In thousands)
Net Sales by Segment
North America$2,987,831 $2,968,278 $2,426,480 
International2,220,001 2,219,189 1,903,550 
American Girl226,855 270,274 258,403 
Net sales$5,434,687 $5,457,741 $4,588,433 
Operating Income (Loss) by Segment (a)
North America $765,867 $872,536 $621,859 
International295,840 349,952 272,395 
American Girl199 5,409 (14,090)
1,061,906 1,227,897 880,164 
Corporate and other expense (b)(386,391)(498,335)(505,428)
Operating Income675,515 729,562 374,736 
Interest expense132,818 253,937 198,332 
Interest (income)(9,398)(3,503)(3,945)
Other non-operating expense, net (c)47,760 8,364 2,692 
Income Before Income Taxes$504,335 $470,764 $177,657 
(a)Segment operating income (loss) included severance and restructuring expenses of $10.7 million, $2.9 million, and $5.7 million for 2022, 2021, and 2020, respectively, which were allocated to the North America, International, and American Girl segments.
(b)Corporate and other expense included severance and restructuring charges of $26.2 million, $31.5 million, and $34.9 million for 2022, 2021, and 2020, respectively. Corporate and other expense also included (benefit) expenses related to inclined sleeper recall litigation of $(0.3) million, $15.1 million, and $26.2 million for 2022, 2021, and 2020, respectively, and incentive and share-based compensation for all periods presented.
(c)Other non-operating expense, net includes $45.4 million of currency translation losses were recognized as a result of Mattel's liquidation of its subsidiary in Argentina, which was substantially completed in 2022.
 For the Year Ended
 December 31,
2022		December 31,
2021		December 31,
2020
 (In thousands)
Depreciation and Amortization by Segment
North America$87,454 $86,308 $88,128 
International58,683 59,610 67,218 
American Girl10,631 12,508 13,438 
156,768 158,426 168,784 
Corporate and other25,411 25,887 24,667 
Depreciation and amortization$182,179 $184,313 $193,451 
Segment assets are comprised of accounts receivable and inventories, net of applicable reserves and allowances.
 December 31,
2022		December 31,
2021		December 31,
2020
 (In thousands)
Assets by Segment
North America$778,897 $784,836 $658,404 
International756,830 798,833 715,043 
American Girl58,833 52,168 40,414 
1,594,560 1,635,837 1,413,861 
Corporate and other159,725 214,031 148,579 
Accounts receivable and inventories, net$1,754,285 $1,849,868 $1,562,440 
Geographic Information
The tables below present information by geographic area. Net sales are attributed to countries based on location of customer. Long-lived assets include property, plant, and equipment, net, and right-of-use assets, net.
 For the Year Ended
 December 31,
2022		December 31,
2021		December 31,
2020
 (In thousands)
Net Sales by Geographic Area
North America Region (a)$3,214,686 $3,238,552 $2,684,883 
International Region
EMEA1,324,435 1,375,463 1,132,531 
Latin America590,963 519,610 455,184 
Asia Pacific304,603 324,116 315,835 
Total International Region2,220,001 2,219,189 1,903,550 
Net sales$5,434,687 $5,457,741 $4,588,433 
 December 31,
2022		December 31,
2021		December 31,
2020
 (In thousands)
Long-Lived Assets
North America Region (b)$327,418 $366,519 $368,985 
International Region460,394 414,931 396,410 
Consolidated total$787,812 $781,450 $765,395 
(a)Net sales for the North America Region include net sales attributable to the United States of $3.04 billion, $3.07 billion, and $2.53 billion for 2022, 2021, and 2020, respectively.
(b)Long-lived assets for the North America Region include long-lived assets attributable to the United States of $309.0 million, $343.7 million, and $329.3 million for 2022, 2021, and 2020, respectively.
Major Customers
In 2022, net sales to Mattel's three largest customers accounted for 43% of worldwide consolidated net sales. In 2022, net sales to Walmart, Target, and Amazon were $0.95 billion, $0.76 billion, and $0.64 billion, respectively. In 2021, net sales to Mattel's three largest customers accounted for 46% of worldwide consolidated net sales. In 2021, net sales to Walmart, Target, and Amazon were $1.17 billion, $0.74 billion, and $0.62 billion, respectively. In 2020, net sales to Mattel's three largest customers accounted for 47% of worldwide consolidated net sales. In 2020, net sales to Walmart, Target, and Amazon were $1.07 billion, $0.62 billion, and $0.47 billion, respectively.
The North America segment sells products to each of Mattel's three largest customers. The International segment sells products to Walmart and Amazon. The American Girl segment's net sales to Mattel's three largest customers were not material.