v3.22.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Assets and Liabilities, Lessee
The following table summarizes Mattel's right-of-use assets and liabilities and other information about its leases:
December 31,
2022		December 31,
2021
 (In thousands, except years and percentage information)
Right-of-use assets, net$318,680 $325,484 
Accrued liabilities$75,297 $73,752 
Noncurrent lease liabilities271,418 283,626 
Total lease liabilities$346,715 $357,378 
Weighted-average remaining lease term5.6 years6.1 years
Weighted-average discount rate6.5 %6.5 %
Schedule of Lease Components and Supplemental Information
The components of lease costs for the years ended December 31, 2022, 2021, and 2020 are as follows:
For the Year Ended
December 31,
2022		December 31,
2021		December 31,
2020
 (In thousands)
Lease costs (a) (b)$140,188 $134,272 $136,842 
(a)    Includes short-term and variable lease costs of approximately $47 million, $39 million, and $42 million for 2022, 2021, and 2020 respectively. Variable lease costs primarily relate to variable components of third party logistics rental charges, common area maintenance charges, management fees, and taxes.
(b) Contingent rental expense is recorded in the period in which the contingent event becomes probable. During 2022, 2021, and 2020, contingent rental expense was not material.
Supplemental information related to leases are as follows:
For the Year Ended
December 31,
2022		December 31,
2021		December 31,
2020
 (In thousands)
Cash payments for leases$93,465 $100,286 $96,953 
Right-of-use assets obtained in exchange for new and modified lease liabilities$74,199 $105,898 $53,753 
Schedule of Future Maturities of Lease Liabilities
The following table shows the future maturities of lease liabilities for leases in effect as of December 31, 2022:
Years Ending December 31,Lease Liabilities
(In thousands)
2023$93,863 
202483,628 
202571,004 
202658,510 
202731,677 
Thereafter81,106 
419,788 
Less: imputed interest(73,073)
$346,715