v3.22.4
Share-Based Payments (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted Average Assumptions Used to Determine Fair Value of Awards Granted
The following weighted-average valuation assumptions were used in determining the fair value of options granted:
202220212020
Expected life (in years)6.46.25.9
Risk-free interest rate3.1 %0.8 %0.3 %
Volatility factor43.8 %43.6 %43.7 %
Dividend yield— %— %— %
The following weighted-average valuation assumptions were used in determining the fair value of the market-related components of performance awards granted:
202220212020
Risk-free interest rate2.8 %0.3 %0.1 %
Volatility factor43.4 %50.1 %52.7 %
Dividend yield— %— %— %
Schedule of Stock Option Information and Weighted Average Exercise Prices
The following is a summary of stock option information and weighted-average exercise prices for Mattel's stock options:
 202220212020
 SharesWeighted
Average
Exercise
Price		SharesWeighted
Average
Exercise
Price		SharesWeighted
Average
Exercise
Price
 (In thousands, except weighted-average exercise prices)
Outstanding at January 119,678 $22.38 21,635 $22.10 22,510 $24.22 
Granted721 23.41 1,054 21.71 2,241 11.23 
Exercised(1,412)19.65 (687)17.65 (4)15.02 
Forfeited(104)18.13 (72)14.00 (294)14.38 
Canceled(1,320)34.94 (2,252)21.10 (2,818)31.22 
Outstanding at December 3117,563 $21.73 19,678 $22.38 21,635 $22.10 
Exercisable at December 3115,531 $22.10 16,634 $23.68 16,356 $25.01 
Schedule of RSU Information and Weighted Average Grant Date Fair Values
The following is a summary of RSU information and weighted-average grant-date fair values for Mattel's RSUs:
 202220212020
 SharesWeighted
Average
Grant-Date
Fair Value		SharesWeighted
Average
Grant-Date
Fair Value		SharesWeighted
Average
Grant-Date
Fair Value
 (In thousands, except weighted-average grant-date fair values)
Unvested at January 13,855 $17.03 3,986 $12.52 3,864 $15.19 
Granted2,728 23.20 2,167 21.77 2,548 11.18 
Vested(1,790)16.01 (1,954)13.66 (1,970)15.58 
Forfeited(290)19.77 (344)13.72 (456)14.45 
Unvested at December 314,503 $21.00 3,855 $17.03 3,986 $12.52 
Schedule of Performance Award Information and Weighted Average Grant Date Fair Values
The following is a summary of performance award information and weighted-average grant-date fair values for Mattel's performance awards:
 202220212020
 SharesWeighted
Average
Grant-Date
Fair Value		SharesWeighted
Average
Grant-Date
Fair Value		SharesWeighted
Average
Grant-Date
Fair Value
 (In thousands, except weighted-average grant-date fair values)
Unvested at January 13,347 $15.52 3,405 $13.79 2,217 $15.45 
Granted (a)(b)1,440 21.35 906 22.04 1,461 11.93 
Vested(1,823)14.89 (884)15.63 (95)17.97 
Forfeited(70)17.26 (80)14.70 (74)15.65 
       Canceled (a)— — — — (104)17.97 
Unvested at December 312,894 $18.77 3,347 $15.52 3,405 $13.79 
(a)During 2022, Mattel granted 0.7 million shares as part of its 2022 LTIP and issued 0.8 million incremental shares under the 2019 LTIP based on the final earnout of the 2019 performance cycle, which are included in the weighted average grant-date fair value. During 2021, Mattel granted 0.8 million shares under the 2021 LTIP and issued 0.1 million incremental shares under the 2018 LTIP based on the final earnout of the 2018 performance cycle, which are included in the weighted average grant-date fair value. During 2020, Mattel granted 1.5 million shares under the 2020 LTIP and canceled 0.1 million shares under the 2017 LTIP based on the final earnout of the 2017 performance cycle.
(b)The number of shares granted for the 2022 LTIP, the 2021 LTIP, and the 2020 LTIP, represents the aggregate target numbers of shares that may be issued pursuant to the award over its full term. The aggregate number of shares subject to performance awards that would be issued if performance goals are achieved at the maximum number of shares are approximately 1 million, 2 million, and 3 million for 2022, 2021, and 2020, respectively.