v3.22.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
Mattel's financial assets and liabilities include the following:
 December 31, 2022
  
Level 1Level 2Level 3Total
 (In thousands)
Assets:
Foreign currency forward exchange and other contracts (a)$— $17,563 $— $17,563 
Liabilities:
Foreign currency forward exchange and other contracts (a)$— $10,754 $— $10,754 
 December 31, 2021
  
Level 1Level 2Level 3Total
 (In thousands)
Assets:
Foreign currency forward exchange and other contracts (a)$— $18,075 $— $18,075 
Available-for-sale (b)5,343 — — 5,343 
Total assets$5,343 $18,075 $— $23,418 
Liabilities:
Foreign currency forward exchange and other contracts (a)$— $3,810 $— $3,810 
(a)The fair value of the foreign currency forward exchange and other contracts is based on dealer quotes of market forward rates and reflects the amount that Mattel would receive or pay at their maturity dates for contracts involving the same notional amounts, currencies, and maturity dates.
(b)The fair value of the available-for-sale security is based on the quoted price on an active public exchange.