Mattel (MAT) 10-K 24 Feb 10 2009 FY Annual report Financial data

Consolidated Balance Sheets

Consolidated Balance Sheets (USD $)
In Thousands	Dec. 31, 2009	Dec. 31, 2008
Current Assets
Cash and equivalents	$1,116,997	$617,694
Accounts receivable, less allowance of $24.5 million and $25.9 million in 2009 and 2008, respectively	749,335	873,542
Inventories	355,663	485,925
Prepaid expenses and other current assets	332,624	409,689
Total current assets	2,554,619	2,386,850
Property, plant, and equipment, net	504,808	536,162
Goodwill	828,468	815,803
Other noncurrent assets	892,660	936,224
Total Assets	4,780,555	4,675,039
Current Liabilities
Short-term borrowings	1,950	0
Current portion of long-term debt	50,000	150,000
Accounts payable	350,675	421,736
Accrued liabilities	617,881	649,383
Income taxes payable	40,368	38,855
Total current liabilities	1,060,874	1,259,974
Noncurrent Liabilities
Long-term debt	700,000	750,000
Other noncurrent liabilities	488,692	547,930
Total noncurrent liabilities	1,188,692	1,297,930
Stockholders' Equity
Common stock $1.00 par value, 1.0 billion shares authorized; 441.4 million shares issued	441,369	441,369
Additional paid-in capital	1,684,694	1,642,092
Treasury stock at cost; 79.5 million shares and 82.9 million shares in 2009 and 2008, respectively	(1,555,046)	(1,621,264)
Retained earnings	2,339,506	2,085,573
Accumulated other comprehensive loss	(379,534)	(430,635)
Total stockholders' equity	2,530,989	2,117,135
Total Liabilities and Stockholders' Equity	$4,780,555	$4,675,039

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions, except Share data	Dec. 31, 2009	Dec. 31, 2008
Accounts receivable, allowance	24.5	25.9
Common stock, par value	$1	$1
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	441,400,000	441,400,000
Treasury stock, shares	79,500,000	82,900,000

Consolidated Statements Of Oper

Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Net Sales	$5,430,846	$5,918,002	$5,970,090
Cost of sales	2,716,149	3,233,596	3,192,790
Gross Profit	2,714,697	2,684,406	2,777,300
Advertising and promotion expenses	609,753	719,159	708,768
Other selling and administrative expenses	1,373,776	1,423,455	1,338,454
Operating Income	731,168	541,792	730,078
Interest expense	71,843	81,944	70,974
Interest (income)	(8,083)	(25,043)	(33,305)
Other non-operating expense (income), net	7,361	(3,073)	(10,989)
Income Before Income Taxes	660,047	487,964	703,398
Provision for income taxes	131,343	108,328	103,405
Net Income	$528,704	$379,636	$599,993
Net Income Per Common Share-Basic	1.45	1.04	1.55
Weighted average number of common shares	360,085	360,757	384,450
Net Income Per Common Share-Diluted	1.45	1.04	1.53
Weighted average number of common and potential common shares	361,510	362,211	388,955
Dividends Declared Per Common Share	0.75	0.75	0.75

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows (USD $)
In Thousands	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Cash Flows From Operating Activities:
Net income	$528,704	$379,636	$599,993
Adjustments to reconcile net income to net cash flows from operating activities:
Net loss on sale of other property, plant, and equipment	1,491	6,831	2,790
Depreciation	152,065	160,048	160,790
Amortization	17,765	12,047	11,290
Asset impairments	11,146	4,000	0
Deferred income taxes	(21,971)	(13,535)	23,034
Tax benefits from share-based payment arrangements	(36,726)	2,303	(5,706)
Share-based compensation	49,962	35,757	22,163
Increase (decrease) from changes in assets and liabilities:
Accounts receivable, net	154,909	(20,159)	15,510
Inventories	137,072	(96,645)	(17,218)
Prepaid expenses and other current assets	(5,350)	(24,064)	41,859
Accounts payable, accrued liabilities, and income taxes payable	(10,472)	(10,341)	(306,235)
Other, net	(33,554)	460	12,262
Net cash flows from operating activities	945,041	436,338	560,532
Cash Flows From Investing Activities:
Purchases of tools, dies, and molds	(76,994)	(84,012)	(68,275)
Purchases of other property, plant, and equipment	(43,493)	(114,796)	(78,358)
Payments for businesses acquired	(3,299)	(58,396)	(104,484)
Increase in investments	0	(85,300)	(35,000)
Proceeds from sale of investments	73,132	0	0
Proceeds from sale of other property, plant, and equipment	1,351	7,199	827
Proceeds from foreign currency forward exchange contracts	15,774	23,633	0
Net cash flows used for investing activities	(33,529)	(311,672)	(285,290)
Cash Flows From Financing Activities:
Payments of short-term borrowings	(451,815)	(976,266)	(43,665)
Proceeds from short-term borrowings	453,090	633,410	389,926
Payments of long-term borrowings	(150,000)	(50,000)	(100,000)
Proceeds from long-term borrowings	0	347,183	0
Payment of credit facility renewal costs	(11,452)	0	0
Share repurchases	0	(90,570)	(806,349)
Payment of dividends on common stock	(271,353)	(268,854)	(272,343)
Proceeds from exercise of stock options	30,896	18,303	222,561
Tax benefits from share-based payment arrangements	36,726	(2,303)	5,706
Other, net	(12,182)	(6,598)	16,399
Net cash flows used for financing activities	(376,090)	(395,695)	(587,765)
Effect of Currency Exchange Rate Changes on Cash	(36,119)	(12,425)	8,119
Increase (Decrease) in Cash and Equivalents	499,303	(283,454)	(304,404)
Cash and Equivalents at Beginning of Year	617,694	901,148	1,205,552
Cash and Equivalents at End of Year	1,116,997	617,694	901,148
Cash paid during the year for:
Income taxes, gross	131,333	118,347	173,617
Interest	$69,503	$77,466	$70,195

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (USD $)
In Thousands	Common Stock	Additional Paid-In Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Total
Beginning Balance at Dec. 31, 2006	$441,369	$1,613,307	($996,981)	$1,652,140	($276,861)	$2,432,974
Comprehensive income:
Net income				599,993		599,993
Change in net unrealized (loss) gain on derivative instruments					(13,918)	(13,918)
Defined benefit pension plans, net prior service cost, and net actuarial loss					28,316	28,316
Currency translation adjustments					86,653	86,653
Comprehensive income				599,993	101,051	701,044
Purchase of treasury stock			(806,349)			(806,349)
Issuance of treasury stock for stock option exercises		(5,395)	225,467			220,072
Other issuance of treasury stock		25	40			65
Restricted stock units		(275)	266			(9)
Deferred compensation			6,046			6,046
Share-based compensation		21,870				21,870
Tax benefits from share-based payment arrangements		5,706				5,706
Dividend equivalents for restricted stock units				(2,334)		(2,334)
Dividends				(272,343)		(272,343)
Ending Balance at Dec. 31, 2007	441,369	1,635,238	(1,571,511)	1,977,456	(175,810)	2,306,742
Comprehensive income:
Net income				379,636		379,636
Change in net unrealized (loss) gain on derivative instruments					25,388	25,388
Defined benefit pension plans, net prior service cost, and net actuarial loss					(87,636)	(87,636)
Currency translation adjustments					(192,577)	(192,577)
Comprehensive income				379,636	(254,825)	124,811
Purchase of treasury stock			(90,570)			(90,570)
Issuance of treasury stock for stock option exercises		(10,334)	28,453			18,119
Other issuance of treasury stock		(1)	151			150
Restricted stock units		(16,147)	10,799			(5,348)
Deferred compensation			1,414			1,414
Share-based compensation		35,639				35,639
Tax benefits from share-based payment arrangements		(2,303)				(2,303)
Dividend equivalents for restricted stock units				(2,665)		(2,665)
Dividends				(268,854)		(268,854)
Ending Balance at Dec. 31, 2008	441,369	1,642,092	(1,621,264)	2,085,573	(430,635)	2,117,135
Comprehensive income:
Net income				528,704		528,704
Change in net unrealized (loss) gain on derivative instruments					(19,805)	(19,805)
Defined benefit pension plans, net prior service cost, and net actuarial loss					18,696	18,696
Currency translation adjustments					52,210	52,210
Comprehensive income				528,704	51,101	579,805
Issuance of treasury stock for stock option exercises		(17,219)	48,115			30,896
Other issuance of treasury stock		(209)	209			0
Restricted stock units		(26,658)	18,566			(8,092)
Deferred compensation			(672)	(323)		(995)
Share-based compensation		49,962				49,962
Tax benefits from share-based payment arrangements		36,726				36,726
Dividend equivalents for restricted stock units				(3,095)		(3,095)
Dividends				(271,353)		(271,353)
Ending Balance at Dec. 31, 2009	$441,369	$1,684,694	($1,555,046)	$2,339,506	($379,534)	$2,530,989

Summary of Significant Accounti

Summary of Significant Accounting Policies
	12 Months Ended Dec. 31, 2009 USD / shares
Summary of Significant Accounting Policies	Note 1Summary of Significant Accounting Policies Principles of Consolidation and Basis of Preparation The consolidated financial statements include the accounts of Mattel, Inc. and its subsidiaries (Mattel). All majority-owned subsidiaries are consolidated and included in Mattels consolidated financial statements. Mattel does not have any minority stock ownership interests in which it has a controlling financial interest that would require consolidation. All significant intercompany accounts and transactions have been eliminated in consolidation. In preparing these financial statements, Mattel evaluated the events and transactions that occurred between December31, 2009 and February24, 2010, the date these financial statements were issued. On July1, 2009, Mattel adopted Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 105-10 (formerly Statement of Financial Accounting Standards (SFAS)No.168, The FASB Accounting Standards Codification and Hierarchy of Generally Accepted Accounting Principles, a replacement of FASB Statement No.162). ASC 105-10 establishes the FASB ASC as the source of authoritative accounting principles recognized by the FASB to be applied in preparation of financial statements in conformity with generally accepted accounting principles in the United States of America. The adoption of this standard had no impact on Mattels consolidated financial statements. Use of Estimates Preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could ultimately differ from those estimates. Cash and Equivalents Cash and equivalents include short-term investments, which are highly liquid investments with maturities of three months or less when purchased. Such investments are stated at cost, which approximates market value. Accounts Receivable and Allowance for Doubtful Accounts Credit is granted to customers on an unsecured basis. Credit limits and payment terms are established based on extensive evaluations made on an ongoing basis throughout the fiscal year of the financial performance, cash generation, financing availability, and liquidity status of each customer. Customers are reviewed at least annually, with more frequent reviews performed as necessary, based on the customers financial condition and the level of credit being extended. For customers who are experiencing financial difficulties, management performs additional financial analyses before shipping to those customers on credit. Mattel uses a variety of financial arrangements to ensure collectibility of accounts receivable of customers deemed to be a credit risk, including requiring letters of credit, factoring or purchasing various forms of credit insurance with unrelated third parties, or requiring cash in advance of shipment. Mattel records an allowance for doubtful accounts based on managements assessment of the business environment, customers financial co

Goodwill and Other Intangibles

Goodwill and Other Intangibles
	12 Months Ended Dec. 31, 2009 USD / shares
Goodwill and Other Intangibles	Note 2Goodwill and Other Intangibles The change in the carrying amount of goodwill by reporting unit for 2009 and 2008 is shown below. Brand-specific goodwill held by foreign subsidiaries is allocated to the US reporting units selling those brands, thereby causing foreign currency translation impact to the US reporting units. Mattel GirlsBrands US Division Mattel BoysBrands US Division Fisher- Price Brands US AmericanGirl Brands International Total (In thousands) Balance at December31, 2007 $ 38,751 $ 124,469 $ 217,383 $ 207,571 $ 257,475 $ 845,649 Additions/Adjustments 7,165 8,105 15,270 Impact of currency exchange rate changes (9,527 ) (751 ) (1,863 ) (32,975 ) (45,116 ) Balance at December31, 2008 29,224 130,883 215,520 207,571 232,605 815,803 Impact of currency exchange rate changes 2,858 (146 ) 560 9,393 12,665 Balance at December31, 2009 $ 32,082 $ 130,737 $ 216,080 $ 207,571 $ 241,998 $ 828,468 In 2009, Mattel performed the annually required impairment tests and determined that its goodwill was not impaired. Mattel has not recorded any goodwill impairment subsequent to its initial adoption of ASC 350-20 (formerly SFAS No.142, Goodwill and Other Intangible Assets), which was on January1, 2002. Identifiable intangibles include the following: December31, 2009 2008 (In thousands) Identifiable intangibles (net of amortization of $69.5 million and $61.8 million in 2009 and 2008, respectively) $ 93,546 $ 107,447 Nonamortizable identifiable intangibles 122,223 128,382 $ 215,769 $ 235,829 In 2009, Mattel performed the annual impairment test and determined that certain of its nonamortizable intangible assets was impaired. Mattel also tested its amortizable intangible assets for impairment during 2009. As a result of these impairment tests, Mattel recorded impairment charges of approximately $10 million, which are reflected within other selling and administrative expenses. Nonamortizable and amortizable intangible assets were determined to not be impaired in 2008 and 2007. In October 2008, Mattel acquired Sekkoia SAS, which owns the Blokus trademark and trade name rights, for $35.1 million, including acquisition costs. In connection with the acquisition, Mattel recorded goodwill and amortizable identifiable intangible assets totaling $18.1 million and $22.9 million, respectively. In August 2008, Mattel acquired the intellectual property rights related to Whac-a-Mole for $23.5 million, including acquisition costs, which is included within amortizable identifiable intangibles.

Income Taxes

Income Taxes
	12 Months Ended Dec. 31, 2009 USD / shares
Income Taxes	Note 3Income Taxes Consolidated pre-tax income consists of the following: For the Year 2009 2008 2007 (In thousands) US operations $ 107,593 $ (37,808 ) $ 14,745 Foreign operations 552,454 525,772 688,653 $ 660,047 $ 487,964 $ 703,398 The provision (benefit) for current and deferred income taxes consists of the following: For the Year 2009 2008 2007 (In thousands) Current Federal $ 9,251 $ 2,230 $ (36,626 ) State 9,975 (1,790 ) (1,143 ) Foreign 134,088 121,423 118,140 153,314 121,863 80,371 Deferred Federal 564 (15,043 ) 3,055 State (8,828 ) 151 11,039 Foreign (13,707 ) 1,357 8,940 (21,971 ) (13,535 ) 23,034 Provision for income taxes $ 131,343 $ 108,328 $ 103,405 Deferred income taxes are provided principally for tax credit carryforwards, research and development expenses, net operating loss carryforwards, employee compensation-related expenses and certain other reserves that are recognized in different years for financial statement and income tax reporting purposes. Mattels deferred income tax assets (liabilities) are composed of the following: December31, 2009 2008 (In thousands) Tax credit carryforwards $ 209,173 $ 258,671 Research and development expenses 187,010 190,615 Loss carryforwards 56,228 92,153 Allowances and reserves 122,219 84,777 Deferred compensation 111,237 73,522 Postretirement benefits 66,220 81,092 Other 37,122 24,270 Gross deferred income tax assets 789,209 805,100 Intangible assets (100,839 ) (83,245 ) Other (9,255 ) (16,360 ) Gross deferred income tax liabilities (110,094 ) (99,605 ) Deferred income tax asset valuation allowances (112,048 ) (150,963 ) Net deferred income tax assets $ 567,067 $ 554,532 Net deferred income tax assets are reported in the consolidated balance sheets as follows: December31, 2009 2008 (In thousands) Prepaid expenses and other current assets $ 131,402 $ 78,531 Other noncurrent assets 481,240 524,451 Accrued liabilities (775 ) (850 ) Other noncurrent liabilities (44,800 ) (47,600 ) $ 567,067 $ 554,532 As of December31, 2009, Mattel has federal and foreign loss carryforwards totaling $143.8 million and tax credit carryforwards of $209.2 million, which does not include carryforwards that do not meet the threshold for recognition in the

Product Recalls and Withdrawals

Product Recalls and Withdrawals
	12 Months Ended Dec. 31, 2009 USD / shares
Product Recalls and Withdrawals	Note 4Product Recalls and Withdrawals During 2007, Mattel recalled products with high-powered magnets that may become dislodged and other products, some of which were produced using non-approved paint containing lead in excess of applicable regulatory and Mattel standards. During the second half of 2007, additional products were recalled, withdrawn from retail stores, or replaced at the request of consumers as a result of safety or quality issues (collectively, the 2007 Product Recalls). In the second quarter of 2008, Mattel determined that certain products had been shipped into foreign markets in which the products did not meet all applicable regulatory standards for those markets. None of these deficiencies related to lead or magnets. Mattel withdrew these products from retail stores in these markets and, although not required to do so, also withdrew the products from the US and other markets because they did not meet Mattels internal standards (the 2008 Product Withdrawal). The following table summarizes Mattels reserves and reserve activity for the 2007 Product Recalls and the 2008 Product Withdrawal (in thousands): Impairmentof InventoryonHand ProductReturns/ Redemptions Other Total 2007 Product Recall charges $ 3,849 $ 60,887 $ 3,712 $ 68,448 Reserves used (3,849 ) (48,275 ) (1,352 ) (53,476 ) Balance at December31, 2007 12,612 2,360 14,972 2008 Product Withdrawal charges 3,571 5,230 329 9,130 Reserves used (3,571 ) (15,961 ) (2,013 ) (21,545 ) Changes in estimates 1,962 728 2,690 Impact of currency exchange rate changes (238 ) (66 ) (304 ) Balance at December31, 2008 3,605 1,338 4,943 Reserves used (1,297 ) (311 ) (1,608 ) Changes in estimates (2,370 ) 707 (1,663 ) Impact of currency exchange rate changes 77 (26 ) 51 Balance at December31, 2009 $ $ 15 $ 1,708 $ 1,723 Following the announcement of the 2007 Product Recalls, a number of lawsuits were filed against Mattel with respect to the recalled products, which are more fully described in Note 14 to the Consolidated Financial StatementsCommitments and Contingencies. During 2009, Mattel recorded charges of $27.4 million, which are included in other selling and administrative expenses, to reserve for the settlement of a portion of the above-described product liability-related litigation. Additionally, during 2009, Mattel recorded a $6.0 million benefit associated with an insurance recovery for product liability-related litigation. Although management is not aware of any additional quality or safety issues that are likely to result in material recalls or withdrawals, there can be no assurance that additional issues will not be identified in the future.

Restructuring Charges

Restructuring Charges
	12 Months Ended Dec. 31, 2009 USD / shares
Restructuring Charges	Note 5Restructuring Charges During the second quarter of 2008, Mattel initiated its Global Cost Leadership program, which is designed to improve operating efficiencies and leverage Mattels global scale to improve profitability and operating cash flows. The major initiatives within Mattels Global Cost Leadership program include: A global reduction in Mattels professional workforce of approximately 1,000 employees that was initiated in November 2008, and an additional reduction in Mattels professional workforce initiated in the third quarter of 2009. A coordinated efficiency strategic plan that includes structural changes designed to lower costs and improve efficiencies; for example, offshoring and outsourcing certain back office functions, and more clustering of management in international markets. Additional procurement initiatives designed to fully leverage Mattels global scale in areas such as creative agency partnerships, legal services, and distribution, including ocean carriers and over-the-road freight vendors. In connection with the Global Cost Leadership program, during 2008 and 2009, Mattel recorded severance and other termination-related charges of $34.4 million and $31.5 million, respectively, which are included in other selling and administrative expenses. The following table summarizes Mattels severance and other termination costs activity for 2008 and 2009 (in thousands): Severance Other termination costs Total Charges $ 32,771 $ 1,656 $ 34,427 Payments (15,656 ) (775 ) (16,431 ) Balance at December31, 2008 17,115 881 17,996 Charges 31,176 324 31,500 Payments (29,508 ) (980 ) (30,488 ) Balance at December31, 2009 $ 18,783 $ 225 $ 19,008

Earnings Per Share

Earnings Per Share
	12 Months Ended Dec. 31, 2009 USD / shares
Earnings Per Share	Note 6 Earnings Per Share Effective January1, 2009, Mattel adopted ASC 260-10 (formerly FASB Staff Position (FSP) Emerging Issues Task Force No.03-6-1, Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities). Under ASC 260-10, unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are participating securities and shall be included in the computation of earnings per share pursuant to the two-class method. Certain of Mattels RSUs are considered participating securities because they contain nonforfeitable rights to dividend equivalents. The retrospective application of this standard reduced previously reported basic and diluted earnings per share by $0.01 for 2008 and 2007. Under the two-class method, net income is reduced by the amount of dividends declared in the period for each class of common stock and participating securities. The remaining undistributed earnings are then allocated to common stock and participating securities as if all of the net income for the period had been distributed. Basic earnings per common share excludes dilution and is calculated by dividing net income allocable to common shares by the weighted average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing net income allocable to common shares by the weighted average number of common shares for the period, as adjusted for the potential dilutive effect of non-participating share-based awards. The following table reconciles earnings per common share: FortheYear Basic: 2009 2008 2007 (In thousands, except per share amounts) Net income $ 528,704 $ 379,636 $ 599,993 Less net income allocable to participating RSUs (5,992 ) (3,731 ) (4,280 ) Net income available for basic common shares $ 522,712 $ 375,905 $ 595,713 Weighted average common shares outstanding 360,085 360,757 384,450 Basic net income per common share $ 1.45 $ 1.04 $ 1.55 Diluted: Net income $ 528,704 $ 379,636 $ 599,993 Less net income allocable to participating RSUs (5,981 ) (3,726 ) (4,258 ) Net income available for diluted common shares $ 522,723 $ 375,910 $ 595,735 Weighted average common shares outstanding 360,085 360,757 384,450 Weighted average common equivalent shares arising from: Dilutive stock options and non-participating RSUs 1,425 1,454 4,505 Weighted average number of common and potential common shares 361,510 362,211 388,955 Diluted net income per common share $ 1.45 $ 1.04 $ 1.53 The calculation of potential common shares assumes the exercise of dilutive stock options and vesting of non-

Employee Benefit Plans

Employee Benefit Plans
	12 Months Ended Dec. 31, 2009 USD / shares
Employee Benefit Plans	Note 7Employee Benefit Plans Mattel and certain of its subsidiaries have qualified and nonqualified retirement plans covering substantially all employees of these companies. These plans include defined benefit pension plans, defined contribution retirement plans, postretirement benefit plans, and deferred compensation and excess benefit plans. In addition, Mattel makes contributions to government-mandated retirement plans in countries outside the US where its employees work. A summary of retirement plan expense is as follows: For the Year 2009 2008 2007 (In millions) Defined contribution retirement plans $ 33.4 $ 35.8 $ 34.5 Defined benefit pension plans 27.7 19.6 22.2 Deferred compensation and excess benefit plans 6.0 (6.7 ) 3.6 Postretirement benefit plans 2.6 3.4 3.8 $ 69.7 $ 52.1 $ 64.1 Defined Benefit Pension and Postretirement Benefit Plans Mattel provides defined benefit pension plans for eligible domestic employees, which are intended to comply with the requirements of the Employee Retirement Income Security Act of 1974 (ERISA). Some of Mattels foreign subsidiaries have defined benefit pension plans covering substantially all of their eligible employees. Mattel funds these plans in accordance with the terms of the plans and local statutory requirements, which differ for each of the countries in which the subsidiaries are located. Mattel also has unfunded postretirement health insurance plans covering certain eligible domestic employees. A summary of the components of Mattels net periodic benefit cost and other changes in plan assets and benefit obligations recognized in other comprehensive income for the years ended December31 are as follows: Defined Benefit Pension Plans PostretirementBenefitPlans 2009 2008 2007 2009 2008 2007 (In thousands) Net periodic benefit cost: Service cost $ 11,153 $ 11,989 $ 12,305 $ 82 $ 100 $ 99 Interest cost 26,606 26,299 25,327 2,263 2,797 2,832 Expected return on plan assets (24,330 ) (26,396 ) (25,539 ) Amortization of prior service cost 1,815 1,865 1,919 Recognized actuarial loss 12,502 5,828 8,139 237 513 846 Net periodic benefit cost $ 27,746 $ 19,585 $ 22,151 $ 2,582 $ 3,410 $ 3,777 Other changes in plan assets and benefit obligations recognized in other comprehensive income: Net (gain) loss $ (26,705 ) $ 139,637 $ (40,274 ) $ (3,609 ) $ 2,531 $ (2,704 ) Prior service credit 347 (39 ) (124 ) Amortization of prior service cost (1,815 ) (1,865 ) (1,919 )

Seasonal Financing and Debt

Seasonal Financing and Debt
	12 Months Ended Dec. 31, 2009 USD / shares
Seasonal Financing and Debt	Note 8Seasonal Financing and Debt Seasonal Financing Mattel maintains and periodically amends or replaces its domestic unsecured committed revolving credit facility with a commercial bank group that is used as the primary source of financing for the seasonal working capital requirements of its domestic subsidiaries. The agreement in effect was amended and restated on March23, 2009 to, among other things, (i)extend the maturity date of the credit facility to March23, 2012, (ii)reduce aggregate commitments under the credit facility from $1.3 billion to $880.0 million, with an accordion feature, which would allow Mattel to increase the availability under the credit facility to $1.08 billion under certain circumstances, (iii)add an interest rate floor equal to 30-day US Dollar London Interbank Offered Rate (LIBOR) plus 1.00% for base rate loans under the credit facility, (iv)increase the applicable interest rate margins to a range of 2.00% to 3.00% above the applicable base rate for base rate loans, and 2.5% to 3.5% above the applicable LIBOR rate for Eurodollar rate loans, depending on Mattels senior unsecured long-term debt rating, (v)increase commitment fees to a range of 0.25% to 0.75% of the unused commitments under the credit facility, and (vi)replace the consolidated debt-to-capital ratio with a consolidated debt-to-earnings before interest, taxes, depreciation, and amortization (EBITDA) ratio. During 2009, Mattel utilized the accordion feature of the credit facility to increase the aggregate commitments under the credit facility from $880.0 million to $1.08 billion, which is the maximum aggregate commitment available under the credit facility. Mattel is required to meet financial covenants at the end of each fiscal quarter and fiscal year, using the formulae specified in the credit agreement to calculate the ratios. Mattel was in compliance with such covenants at the end of each fiscal quarter and fiscal year in 2009. As of December31, 2009, Mattels consolidated debt-to-EBITDA ratio, as calculated per the terms of the credit agreement, was 1.2 to 1 (compared to a maximum allowed of 3.0 to 1) and Mattels interest coverage ratio was 12.6 to 1 (compared to a minimum required of 3.50 to 1). The domestic unsecured committed revolving credit facility is a material agreement and failure to comply with the financial covenant ratios may result in an event of default under the terms of the facility. If Mattel defaulted under the terms of the domestic unsecured committed revolving credit facility, its ability to meet its seasonal financing requirements could be adversely affected. To finance seasonal working capital requirements of certain foreign subsidiaries, Mattel avails itself of individual short-term credit lines with a number of banks. As of December31, 2009, foreign credit lines totaled approximately $155 million, a portion of which are used to support letters of credit. Mattel expects to extend the majority of these credit lines throughout 2010. In June 2006, Mattel issued $100.0 million of unsecured floating rate senior notes (Floating Rate Senior Notes) due June15, 2009 and $200.0 million of unsecured 6.125% senior no

Stockholders' Equity

Stockholders' Equity
	1/1/2009 - 12/31/2009 USD / shares
Stockholders' Equity	Note 9Stockholders Equity Preference Stock Mattel is authorized to issue up to 20.0million shares of $0.01 par value preference stock, of which none is currently outstanding. Preferred Stock Mattel is authorized to issue up to 3.0million shares of $1.00 par value preferred stock, of which none is currently outstanding. Common Stock Repurchase Program During 2009, Mattel did not repurchase any shares of its common stock. During 2008, Mattel repurchased 4.9million shares at a cost of $90.6 million. During 2007, Mattel repurchased 35.9million shares at a cost of $806.3 million. During 2008 and 2007, the Board of Directors authorized Mattel to increase its share repurchase program by $500.0 million and $750.0 million, respectively. At December31, 2009, share repurchase authorizations of $410.3 million had not been executed. Repurchases will take place from time to time, depending on market conditions. Mattels share repurchase program has no expiration date. Dividends In 2009, 2008, and 2007, Mattel paid a dividend per share of $0.75 to holders of its common stock. The Board of Directors declared the dividends in November of each year, and Mattel paid the dividends in December of each year. The payment of dividends on common stock is at the discretion of the Board of Directors and is subject to customary limitations. Comprehensive Income The changes in the components of comprehensive income, net of tax, are as follows: For the Year 2009 2008 2007 (In thousands) Net income $ 528,704 $ 379,636 $ 599,993 Currency translation adjustments 52,210 (192,577 ) 86,653 Defined benefit pension plans, net prior service cost and net actuarial loss 18,696 (87,636 ) 28,316 Net unrealized (loss) gain on derivative instruments: Unrealized holding (losses) gains (29,602 ) 17,616 (38,057 ) Reclassification adjustment for realized losses included in net income 9,797 7,772 24,139 51,101 (254,825 ) 101,051 $ 579,805 $ 124,811 $ 701,044 For 2009, currency translation adjustments resulted in a net gain of $52.2 million, with gains from the strengthening of the Brazilian real, Euro, Chilean peso, and British pound sterling against the US dollar. For 2008, currency translation adjustments resulted in a net loss of $192.6 million, with losses from the weakening of the British pound sterling, Mexican Peso, Brazilian real, Euro, and Chilean peso against the US dollar. For 2007, currency translation adjustments resulted in a net gain of $86.7 million, with gains from the strengthening of the Euro, Brazilian real, Australian dollar, and British pound sterling against the US dollar, partially offset by the weakening of the Indonesian rupiah and Mexican peso against the US dollar. The components of accumulated other comprehensive loss are as follows: December31, 2009 2008 (In thousands) Currency translation adjustments $ (222,641 )

Share-Based Payments

Share-Based Payments
	12 Months Ended Dec. 31, 2009 USD / shares
Share-Based Payments	Note 10Share-Based Payments Mattel Stock Option Plans In May 2005, Mattels stockholders approved the Mattel, Inc. 2005 Equity Compensation Plan (the2005Plan). Upon approval of the 2005 Plan, Mattel terminated its Amended and Restated 1996 Stock Option Plan (the 1996 Plan) and its 1999 Stock Option Plan (the 1999 Plan), except with respect to grants then outstanding under the 1996 Plan and the 1999 Plan. Restricted stock awards made under the 1996 Plan continue to vest pursuant to the terms of their respective grant agreements. Outstanding stock option grants under plans that have expired or have been terminated continue to be exercisable under the terms of their respective grant agreements. All such stock options expire no later than ten years from the date of grant and generally provide for vesting over a period of three years from the date of grant. Stock options generally were granted with exercise prices equal to the fair market value of Mattels common stock on the date of grant, although there are some outstanding stock options that were granted with an exercise price in excess of the fair market value of Mattels common stock on the date of grant, as to which vesting was dependent upon Mattels common stock achieving a specified fair market value during a specified time period. Options were granted to non-employee members of Mattels Board of Directors under the 1996 Plan with exercise prices equal to the fair market value of Mattels common stock on the date of grant; such options expire no later than ten years from the date of grant and vest over a period of four years from the date of grant. Under the 2005 Plan, Mattel has the ability to grant nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, RSUs, dividend equivalent rights, and shares of common stock to officers, employees, and other persons providing services to Mattel. Generally, options vest and become exercisable contingent upon the grantees continued employment or service with Mattel. Nonqualified stock options are granted at not less than 100% of the fair market value of Mattels common stock on the date of grant, expire no later than ten years from the date of grant, and vest on a schedule determined by the Compensation Committee of the Board of Directors, generally during a period of three years from the date of grant. In the event of a retirement of an employee aged 55 years or greater with 5 or more years of service that occurs at least 6 months after the grant date, nonqualified stock options become fully vested. With regard to grants of stock options in the 2007 annual grant and later, death and disability at least 6 months after the grant date also result in accelerated vesting. With regard to grants of stock options before the 2007 annual grant, there is no accelerated vesting for death or disability. Similar provisions exist for non-employee directors. RSUs granted under the 2005 Plan are generally accompanied by dividend equivalent rights and generally vest over a period of three years from the date of grant. In the event of the involuntary termination of an employee aged 55 years or greater with 5or more years

Derivative Instruments

Derivative Instruments
	12 Months Ended Dec. 31, 2009 USD / shares
Derivative Instruments	Note 11Derivative Instruments Effective January1, 2009, Mattel adopted ASC 815-10 (formerly SFAS No.161, Disclosures about Derivative Instruments and Hedging Activities, an amendment of FASB Statement No.133). ASC 815-10 amends and expands the current disclosure requirements to provide users of financial statements with an enhanced understanding of (i)how and why an entity uses derivative instruments, (ii)how derivative instruments and related hedged items are accounted for, and (iii)how derivative instruments and related hedged items affect an entitys financial position, results of operations, and cash flows. The adoption of this standard had no impact on Mattels financial statements. Mattel seeks to mitigate its exposure to foreign currency transaction risk by monitoring its foreign currency transaction exposure for the year and partially hedging such exposure using foreign currency forward exchange contracts. Mattel uses foreign currency forward exchange contracts as cash flow hedges primarily to hedge its purchases and sales of inventory denominated in foreign currencies. These contracts generally have maturity dates up to 18 months. These derivative instruments have been designated as effective cash flow hedges, whereby the unsettled hedges are reported in Mattels consolidated balance sheets at fair value, with changes in the fair value of the hedges reflected in other comprehensive income (OCI). Realized gains and losses for these contracts are recorded in the consolidated statements of operations in the period in which the inventory is sold to customers. Additionally, Mattel uses foreign currency forward exchange contracts to hedge intercompany loans and advances denominated in foreign currencies. Due to the short-term nature of the contracts involved, Mattel does not use hedge accounting for these contracts, and as such, changes in fair value are recorded in the period of change in the consolidated statements of operations. As of December31, 2009 and 2008, Mattel held foreign currency forward exchange contracts with notional amounts of $962.9 million and $888.1 million, respectively, which was equal to the exposure hedged. In connection with the issuance of its $100.0 million of Floating Rate Senior Notes, Mattel entered into two interest rate swap agreements, each in a notional amount of $50.0million, for the purpose of hedging the variability of cash flows in the interest payments due to fluctuations of the LIBOR benchmark interest rate. The two interest rate swap agreements expired in June 2009, which corresponded with the maturity of the Floating Rate Senior Notes. These derivative instruments were designated as effective cash flow hedges, whereby the hedges were reported in Mattels consolidated balance sheets at fair value, with changes in the fair value of the hedges reflected in OCI. Under the terms of the agreements, Mattel received quarterly interest payments from the swap counterparties based on the three-month LIBORplus 40 basis points and made semi-annual interest payments to the swap counterparties based on a fixed rate of 5.871%. The three-month LIBOR used to determine interest payments under the interest r

Fair Value Measurements

Fair Value Measurements
	12 Months Ended Dec. 31, 2009 USD / shares
Fair Value Measurements	Note 12Fair Value Measurements The following table presents information about Mattels assets and liabilities measured and reported in the financial statements at fair value on a recurring basis as of December31, 2009 and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value. The three levels of the fair value hierarchy are as follows: Level 1 Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. Level 2 Valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. Level 3 Valuations based on inputs that are unobservable, supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Mattel does not have any significant financial assets or liabilities measured at fair value using Level 1 or Level 3 inputs as of December31, 2009 or December31, 2008. Mattels financial assets and liabilities measured using Level 2 inputs include the following: December31,2009 December31,2008 (In thousands) Assets: Foreign currency forward exchange contracts (a) $ 10,192 $ 24,714 Liabilities: Foreign currency forward exchange contracts (a) $ 21,051 $ 12,326 Interest rate swaps (b) 1,934 Total liabilities $ 21,051 $ 14,260 (a) The fair value of the foreign currency forward exchange 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 currencies and maturity dates. (b) The fair value of the interest rate swaps is based on dealer quotes using cash flows discounted at relevant market interest rates.

Financial Instruments

Financial Instruments
	12 Months Ended Dec. 31, 2009 USD / shares
Financial Instruments	Note 13Financial Instruments Mattels financial instruments include cash and equivalents, investments, accounts receivable and payable, short-term borrowings, and accrued liabilities. The carrying amount of these instruments approximates fair value because of their short-term nature. The estimated fair value of Mattels long-term debt, including the current portion, is $794.7 million (compared to a carrying amount of $750.0 million) as of December31, 2009 and $853.5 million (compared to a carrying amount of $900.0 million) as of December31, 2008. The estimated fair value has been calculated based on broker quotes or rates for the same or similar instruments. The fair value related disclosures for Mattels derivative financial instruments are included in Note 11 to the Consolidated Financial StatementsDerivative Instruments and Note 12 to the Consolidated Financial StatementsFair Value Measurements.

Commitments and Contingencies

Commitments and Contingencies
	12 Months Ended Dec. 31, 2009 USD / shares
Commitments and Contingencies	Note 14Commitments and Contingencies Leases Mattel routinely enters into noncancelable lease agreements for premises and equipment used in the normal course of business. Certain of these leases include escalation clauses that adjust rental expense to reflect changes in price indices, as well as renewal options. In addition to minimum rental payments, certain of Mattels leases require additional payments to reimburse the lessors for operating expenses such as real estate taxes, maintenance, utilities, and insurance. Rental expense is recorded on a straight-line basis, including escalating minimum payments. The American Girl Place leases in Chicago, Illinois, New York, NewYork, and LosAngeles, California and American Girl Boutique and Bistro leases in Dallas, Texas, Atlanta, Georgia, Natick, Massachusetts, Bloomington, Minnesota, and Denver, Colorado also contain provisions for additional rental payments based on a percentage of the sales of each store after reaching certain sales benchmarks. Contingent rental expense is recorded in the period in which the contingent event becomes probable. The following table shows the future minimum obligations under lease commitments in effect at December31, 2009: Capitalized Leases Operating Leases (In thousands) 2010 $ 300 $ 94,000 2011 300 79,000 2012 300 64,000 2013 300 44,000 2014 300 36,000 Thereafter 1,500 205,000 $ 3,000 (a) $ 522,000 (a) Includes $0.9 million of imputed interest. Rental expense under operating leases amounted to $121.9 million, $105.3 million, and $93.0 million for 2009, 2008, and 2007, respectively, net of sublease income of $0.1 million, $0.7 million, and $1.0 million in 2009, 2008, and 2007, respectively. Commitments In the normal course of business, Mattel enters into contractual arrangements to obtain and protect Mattels right to create and market certain products, and for future purchases of goods and services to ensure availability and timely delivery. Such arrangements include royalty payments pursuant to licensing agreements and commitments for future inventory purchases. Certain of these commitments routinely contain provisions for guarantees or minimum expenditures during the term of the contracts. Current and future commitments for guaranteed payments reflect Mattels focus on expanding its product lines through alliances with businesses in other industries. Licensing and similar agreements provide for terms extending from 2010 through 2014 and thereafter and contain provisions for future minimum payments as shown in the following table: Minimum Payments (Inthousands) 2010 $ 43,000 2011 84,000 2012 45,000 2013 31,000 2014 19,000 Thereafter 19,000 $ 241,000 Royalty expense for 2009, 2008, and 2007 was $188.5 million, $241.2 million, and $243.3 million, respectively. As of December31, 2009, Mattel had approximately $267 million of outstanding commitments for purchases of inventory, other assets, and

Segment Information

Segment Information
	12 Months Ended Dec. 31, 2009 USD / shares
Segment Information	Note 15Segment Information Description of Segments Mattels operating segments are separately managed business units and are divided on a geographic basis between domestic and international. Mattels domestic operating segments include: Mattel Girls Boys Brandsincluding Barbie fashion dolls and accessories (Barbie), Polly Pocket, Little Mommy, Disney Classics, and High School Musical (collectively Other Girls Brands), HotWheels, Matchbox, Battle Force 5, Speed Racer, and Tyco R/C vehicles and play sets (collectively Wheels), and CARS, Radica, Toy Story, Max Steel, Speed Racer, Batman, and Kung Fu Panda products, and games and puzzles (collectively Entertainment). Fisher-Price Brandsincluding Fisher-Price, Little People, BabyGear, and View-Master (collectively Core Fisher-Price), Sesame Street , Dora the Explorer, Go Diego Go!, and SeeN Say (collectively Fisher-Price Friends), and Power Wheels . American Girl Brandsincluding Just Like You, the historical collection, and Bitty Baby. American Girl Brands products are sold directly to consumers via its catalogue, website, and proprietary retail stores. Its childrens publications are also sold to certain retailers. Additionally, the International segment sells products in all toy categories, except American Girl Brands. Segment Data The following tables present information about revenues, income, and assets by segment. Mattel does not include sales adjustments such as trade discounts and other allowances in the calculation of segment revenues (referred to as gross sales). Mattel records these adjustments in its financial accounting systems at the time of sale to each customer, but the adjustments are not allocated to individual products. For this reason, Mattels chief operating decision maker uses gross sales by segment as one of the metrics to measure segment performance. Such sales adjustments are included in the determination of segment income from operations based on the adjustments recorded in the financial accounting systems. Segment income from operations represents operating income, while consolidated income from operations represents income from operations before income taxes as reported in the consolidated statements of operations. The corporate and other category includes costs not allocated to individual segments, including charges related to incentive compensation, share-based payments, and corporate headquarters functions managed on a worldwide basis, and the impact of changes in foreign currency rates on intercompany transactions. For the Year 2009 2008 2007 (In thousands) Revenues Domestic: Mattel Girls Boys Brands US $ 1,402,224 $ 1,437,933 $ 1,445,028 Fisher-Price Brands US 1,310,886 1,418,213 1,511,055 American Girl Brands 462,899 463,056 431,510 Total Domestic 3,176,009 3,319,202 3,387,593 International 2,758,315 3,166,820 3,205,341 Gross sales 5,934,324 6,486,022 6,592,934 Sales adjustments (503,

Supplemental Financial Informat

Supplemental Financial Information
	12 Months Ended Dec. 31, 2009 USD / shares
Supplemental Financial Information	Note 16Supplemental Financial Information December31, 2009 2008 (In thousands) Inventories include the following: Raw materials and work in process $ 47,991 $ 57,311 Finished goods 307,672 428,614 $ 355,663 $ 485,925 Property, plant, and equipment, net include the following: Land $ 26,664 $ 26,499 Buildings 242,360 237,561 Machinery and equipment 775,129 758,656 Tools, dies, and molds 577,418 544,789 Capital leases 23,271 23,271 Leasehold improvements 178,218 162,288 1,823,060 1,753,064 Less: accumulated depreciation (1,318,252 ) (1,216,902 ) $ 504,808 $ 536,162 Other noncurrent assets include the following: Deferred income taxes $ 481,240 $ 524,451 Identifiable intangibles (net of amortization of $69.5 million and $61.8 million in 2009 and 2008, respectively) 93,546 107,447 Nonamortizable identifiable intangibles 122,223 128,382 Other 195,651 175,944 $ 892,660 $ 936,224 Accrued liabilities include the following: Incentive compensation $ 100,200 $ 15,442 Royalties 73,467 86,152 Taxes other than income taxes 70,817 39,770 Advertising and promotion 47,913 56,941 Receivable collections due bank 2,748 82,245 Other 322,736 368,833 $ 617,881 $ 649,383 Other noncurrent liabilities include the following: Benefit plan liabilities $ 255,234 $ 286,557 Noncurrent tax liabilities 108,600 132,744 Other 124,858 128,629 $ 488,692 $ 547,930 For the Year 2009 2008 2007 (In thousands) Currency transaction (gains)/losses included in: Operating income $ (78,732 ) $ (123,972 ) $ (95,921 ) Other non-operating expense (income), net 4,828 (7,736 ) (12,875 ) Net transaction (gains) $ (73,904 ) $ (131,708 ) $ (108,796 ) Other selling and administrative expenses include the following: Design and development $ 171,279 $ 190,248 $ 189,407 Bad debt expense 21,483 19,680 6,203 Identifiable intangible asset amortization 13,027 9,827 9,331

Quarterly Financial Information

Quarterly Financial Information (Unaudited)
	12 Months Ended Dec. 31, 2009 USD / shares
Quarterly Financial Information (Unaudited)	Note 17Quarterly Financial Information (Unaudited) First Quarter Second Quarter Third Quarter Fourth Quarter (In thousands, except per share amounts) Year Ended December31, 2009: Net sales $ 785,646 $ 898,197 $ 1,791,875 $ 1,955,128 Gross profit 345,872 406,060 918,615 1,044,150 Advertising and promotion expenses 84,064 89,820 197,106 238,763 Other selling and administrative expenses 317,017 283,727 385,055 387,977 Operating (loss) income (55,209 ) 32,513 336,454 417,410 (Loss) income before income taxes (65,450 ) 23,817 304,633 397,047 Net (loss) income (a) (50,986 ) 21,469 229,842 328,379 Net (loss) income per common sharebasic $ (0.14 ) $ 0.06 $ 0.63 $ 0.90 Weighted average number of common shares 358,891 358,824 360,843 361,840 Net (loss) income per common sharediluted $ (0.14 ) $ 0.06 $ 0.63 $ 0.90 Weighted average number of common and potential common shares 358,891 360,881 361,925 364,565 Dividends declared per common share $ $ $ $ 0.75 Common stock market price: High $ 16.65 $ 16.52 $ 19.11 $ 20.67 Low 10.45 11.92 15.19 17.95 Year Ended December31, 2008: Net sales $ 919,299 $ 1,112,431 $ 1,946,315 $ 1,939,957 Gross profit 396,836 495,334 900,070 892,166 Advertising and promotion expenses 102,961 116,805 223,826 275,567 Other selling and administrative expenses 330,410 347,921 360,895 384,229 Operating (loss) income (36,535 ) 30,608 315,349 232,370 (Loss) income before income taxes (59,802 ) 14,933 307,108 225,725 Net (loss) income (a) (46,646 ) 11,783 238,098 176,401 Net (loss) income per common sharebasic $ (0.13 ) $ 0.03 $ 0.65 $ 0.49 Weighted average number of common shares 361,751 361,262 360,881 358,779 Net (loss) income per common sharediluted $ (0.13 ) $ 0.03 $ 0.65 $ 0.49 Weighted average number of common and potential common shares 361,751 363,919 361,742 359,490 Dividends declared per common share $ $ $ $ 0.75 Common stock market price: High $ 21.89 $ 21.80 $ 21.79 $ 18.14 Low 16.65 17.12 16.98 11.42 (a) Net income for the fourth quarter of 2009 included income tax benefits of $28.5 million related to the reassessments of prior years tax exposures based on the status of current audits in various jurisdictions around the world and settlements.

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS AND ALLOWANCES
	12 Months Ended Dec. 31, 2009 USD / shares
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS AND ALLOWANCES	SCHEDULE II MATTEL, INC. AND SUBSIDIARIES VALUATION AND QUALIFYING ACCOUNTS AND ALLOWANCES Balanceat Beginning of Year Additions Chargedto Operations Net Deductions Balance at End of Year (In thousands) Allowance for Doubtful Accounts: Year ended December31, 2009 $ 25,894 $ 21,483 $ (22,847 )(a) $ 24,530 Year ended December31, 2008 21,464 19,680 (15,250 )(a) 25,894 Year ended December31, 2007 19,402 6,203 (4,141 )(a) 21,464 Allowance for Inventory Obsolescence: Year ended December31, 2009 $ 59,124 $ 22,579 $ (40,887 )(b) $ 40,816 Year ended December31, 2008 51,701 52,512 (45,089 )(b) 59,124 Year ended December31, 2007 43,263 35,327 (26,889 )(b) 51,701 Income Tax Valuation Allowances: Year ended December31, 2009 $ 150,963 $ 280 $ (39,195 )(c) $ 112,048 Year ended December31, 2008 164,553 848 (14,438 )(c) 150,963 Year ended December31, 2007 185,459 11,815 (32,721 )(c) 164,553 (a) Includes write-offs, recoveries of previous write-offs, and currency translation adjustments. (b) Primarily represents relief of previously established reserves resulting from the disposal of related inventory, raw materials, write-downs and currency translation adjustments. (c) Primarily represents expiration of foreign tax credits and the utilization and write-offs of loss carryforwards.

Document Information

Document Information
	12 Months Ended Dec. 31, 2009 USD / shares
Document Type	10-K
Amendment Flag	false
Document Period End Date	2009-12-31

Entity Information

Entity Information (USD $)
	12 Months Ended Dec. 31, 2009	Feb. 22, 2010	Jun. 30, 2009
Trading Symbol	MAT
Entity Registrant Name	MATTEL INC /DE/
Entity Central Index Key	0000063276
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		363,657,823
Entity Public Float			$5,766,693,594