v3.22.4
Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Assets and Liabilities
The following tables present Mattel's derivative assets and liabilities:
 Derivative Assets
 Balance Sheet ClassificationFair Value
  December 31, 2022December 31, 2021
  (In thousands)
Derivatives Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsPrepaid expenses and other current assets$14,899 $13,361 
Foreign currency forward exchange and other contractsOther noncurrent assets1,501 1,000 
Total Derivatives Designated as Hedging Instruments$16,400 $14,361 
Derivatives Not Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsPrepaid expenses and other current assets$1,163 $3,714 
Total Derivatives Not Designated as Hedging Instruments$1,163 $3,714 
$17,563 $18,075 
 Derivative Liabilities
 Balance Sheet ClassificationFair Value
  December 31, 2022December 31, 2021
  (In thousands)
Derivatives Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsAccrued liabilities$3,647 $2,301 
Foreign currency forward exchange and other contractsOther noncurrent liabilities807 280 
Total Derivatives Designated as Hedging Instruments$4,454 $2,581 
Derivatives Not Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsAccrued liabilities$6,261 $1,229 
Foreign currency forward exchange and other contractsOther noncurrent liabilities39 — 
Total Derivatives Not Designated as Hedging Instruments$6,300 $1,229 
$10,754 $3,810 
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 InstrumentsConsolidated Statements of
Operations Classification
For the Year Ended
 December 31,
2022		December 31,
2021		December 31,
2020
 (In thousands) 
Foreign currency forward exchange contracts:
Amount of gains (losses) recognized in OCI$40,449 $23,253 $(18,289)
Amount of gains (losses) reclassified from accumulated OCI to the consolidated statements of operations26,513 (912)8,121 Cost of sales
Schedule of Derivatives Not Designated as Hedging Instruments by Classification and Amount of Gains and Losses
 Derivatives Not Designated As Hedging InstrumentsConsolidated Statements of
Operations Classification
For the Year Ended
 December 31,
2022		December 31,
2021		December 31,
2020
 (In thousands) 
Amount of net (losses) gains recognized in the Statements of Operations:
Foreign currency forward exchange and other contracts$(7,833)$2,872 $(26,553)Other non-operating expense, net
Foreign currency forward exchange and other contracts— 639 495 Cost of sales
$(7,833)$3,511 $(26,058)