v3.26.1
Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
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
June 30,
2026		June 30,
2025		December 31,
2025
(In thousands)
Derivatives Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsPrepaid expenses and other current assets$9,908 $1,649 $854 
Foreign currency forward exchange and other contractsOther noncurrent assets2,134 289 15 
Total Derivatives Designated as Hedging Instruments$12,042 $1,938 $869 
Derivatives Not Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsPrepaid expenses and other current assets$1,084 $1,347 $469 
Total Derivatives Not Designated as Hedging Instruments$1,084 $1,347 $469 
$13,126 $3,285 $1,338 
Derivative Liabilities
Balance Sheet ClassificationFair Value
June 30,
2026		June 30,
2025		December 31,
2025
(In thousands)
Derivatives Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsAccrued liabilities$11,110 $30,139 $14,781 
Foreign currency forward exchange and other contractsOther noncurrent liabilities1,859 8,574 1,257 
Total Derivatives Designated as Hedging Instruments$12,969 $38,713 $16,038 
Derivatives Not Designated as Hedging Instruments:
Foreign currency forward exchange and other contractsAccrued liabilities$1,583 $936 $295 
Total Derivatives Not Designated as Hedging Instruments$1,583 $936 $295 
$14,552 $39,649 $16,333 
Schedule of Derivatives Designated as Hedging Instruments by Classification and Amount of Gains and Losses
The following tables present the classification and amount of gains and losses, net of tax, from derivatives reported in the consolidated statements of operations:
Derivatives Designated as Hedging Instruments
For the Three Months Ended
June 30,
2026		June 30,
2025		Statements of
Operations
Classification
(In thousands)
Foreign Currency Forward Exchange and Other Contracts:
Amount of (losses) recognized in OCI$(3,150)$(44,639)
Amount of (losses) reclassified from accumulated OCI to the consolidated statements of operations(3,915)(11,091)Cost of sales
Derivatives Designated as Hedging Instruments
For the Six Months Ended
June 30,
2026		June 30,
2025		Statements of
Operations
Classification
(In thousands)
Foreign Currency Forward Exchange and Other Contracts:
Amount of gains (losses) recognized in OCI$3,979 $(53,862)
Amount of (losses) reclassified from accumulated OCI to consolidated statements of operations(5,736)(13,276)Cost of sales
Schedule of Derivatives Not Designated as Hedging Instruments by Classification and Amount of Gains and Losses
Derivatives Not Designated as Hedging Instruments
For the Three Months Ended
June 30,
2026		June 30,
2025		Statements of Operations
Classification
(In thousands)
Amount of Net Gains Recognized in the Statements of Operations:
Foreign currency forward exchange and other contracts$6,198 $6,349 Other non-operating income/expense, net
Derivatives Not Designated as Hedging Instruments
For the Six Months Ended
June 30,
2026		June 30,
2025		Statements of Operations
Classification
(In thousands)
Amount of Net Gains Recognized in the Statements of Operations:
Foreign currency forward exchange and other contracts$1,774 $8,218 Other non-operating income/expense, net