Mattel (MAT) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2020	Jul. 15, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document period end date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-05647
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-1567322
Entity Address, Address Line One	333 Continental Blvd.
Entity Address, City or Town	El Segundo,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90245-5012
City Area Code	310
Local Phone Number	252-2000
Title of 12(b) Security	Common stock, $1.00 per share
Trading Symbol	MAT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Small Business	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		346,897,357
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	MATTEL INC /DE/
Entity Central Index Key	0000063276
Current Fiscal Year End Date	--12-31

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Current Assets
Cash and equivalents	$ 461,557	$ 630,028	$ 194,125
Accounts receivable, net of allowances for credit losses of $18.7 million, $21.3 million, and $18.5 million, respectively	650,502	936,359	755,698
Inventories	702,592	495,504	722,394
Prepaid expenses and other current assets	211,418	186,083	243,305
Total current assets	2,026,069	2,247,974	1,915,522
Noncurrent Assets
Property, plant, and equipment, net	506,555	550,139	595,838
Right-of-use assets, net	282,474	303,187	317,085
Goodwill	1,382,858	1,390,714	1,386,057
Other noncurrent assets	794,724	833,212	832,127
Total Assets	4,992,680	5,325,226	5,046,629
Current Liabilities
Short-term borrowings	400,000	0	45,000
Accounts payable	402,220	459,357	416,430
Accrued liabilities	563,633	769,513	585,674
Income taxes payable	15,732	48,037	22,618
Total current liabilities	1,381,585	1,276,907	1,069,722
Noncurrent Liabilities
Long-term debt	2,850,841	2,846,751	2,855,194
Noncurrent lease liabilities	246,414	270,853	284,947
Other noncurrent liabilities	427,692	439,001	410,571
Total noncurrent liabilities	3,524,947	3,556,605	3,550,712
Stockholders' Equity
Common stock $1.00 par value, 1.0 billion shares authorized; 441.4 million shares issued	441,369	441,369	441,369
Additional paid-in capital	1,844,075	1,825,569	1,831,952
Treasury stock at cost: 94.4 million shares, 95.9 million shares, and 94.6 million shares, respectively	(2,314,967)	(2,318,921)	(2,349,874)
Retained earnings	1,093,268	1,413,181	1,342,410
Accumulated other comprehensive loss	(977,597)	(869,484)	(839,662)
Total stockholders' equity	86,148	491,714	426,195
Total Liabilities and Stockholders' Equity	$ 4,992,680	$ 5,325,226	$ 5,046,629

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Statement of Financial Position [Abstract]
Accounts receivable, allowances for credit losses	$ 18.7	$ 18.5	$ 21.3
Common stock, par value (USD per share)	$ 1	$ 1	$ 1
Common stock authorized (in shares)	1,000,000,000	1,000,000,000	1,000,000,000
Common stock issued (in shares)	441,400,000	441,400,000	441,400,000
Treasury stock (in shares)	94,400,000	94,600,000	95,900,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Net Sales	$ 732,136	$ 860,063	$ 1,326,206	$ 1,549,309
Cost of sales	411,288	518,679	750,175	968,135
Gross Profit	320,848	341,384	576,031	581,174
Advertising and promotion expenses	60,172	84,489	136,454	153,954
Other selling and administrative expenses	306,817	308,311	635,529	605,647
Operating Loss	(46,141)	(51,416)	(195,952)	(178,427)
Interest expense	49,615	46,234	98,595	93,192
Interest (income)	(1,025)	(1,532)	(3,108)	(3,804)
Other non-operating expense (income), net	1,602	(294)	3,743	1,610
Loss Before Income Taxes	(96,333)	(95,824)	(295,182)	(269,425)
Provision for income taxes	12,839	12,163	24,732	14,858
Net Loss	$ (109,172)	$ (107,987)	$ (319,914)	$ (284,283)
Net Loss Per Common Share - Basic (USD per share)	$ (0.31)	$ (0.31)	$ (0.92)	$ (0.82)
Weighted average number of common shares (in shares)	346,875	345,941	346,778	345,946
Net Loss Per Common Share - Diluted (USD per share)	$ (0.31)	$ (0.31)	$ (0.92)	$ (0.82)
Weighted average number of common and potential common shares (in shares)	346,875	345,941	346,778	345,946

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net Loss	$ (109,172)	$ (107,987)	$ (319,914)	$ (284,283)
Other Comprehensive Income (Loss), Net of Tax
Currency translation adjustments	26,843	(1,170)	(118,791)	12,963
Employee benefit plan adjustments	518	624	3,578	847
Net unrealized (losses) gains on available-for-sale security	(80)	(1,944)	115	(67)
Net unrealized gains on derivative instruments:
Unrealized holding gains	4,704	3,254	13,894	9,072
Amounts reclassified from accumulated other comprehensive loss	(3,699)	(2,492)	(6,909)	(3,251)
Net unrealized gains on derivative instruments	1,005	762	6,985	5,821
Other Comprehensive Income (Loss), Net of Tax	28,286	(1,728)	(108,113)	19,564
Comprehensive Loss	$ (80,886)	$ (109,715)	$ (428,027)	$ (264,719)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows From Operating Activities
Net loss	$ (319,914)	$ (284,283)
Adjustments to reconcile net loss to net cash flows used for operating activities:
Depreciation	81,984	103,580
Amortization	19,652	20,338
Asset impairments	4,716	6,845
Share-based compensation	23,414	24,310
Bad debt expense	6,460	2,487
Inventory obsolescence	20,929	35,351
Deferred income taxes	5,784	36
Changes in assets and liabilities:
Accounts receivable	248,008	217,754
Inventories	(241,833)	(207,984)
Prepaid expenses and other current assets	(30,923)	(8,154)
Accounts payable, accrued liabilities, and income taxes payable	(305,316)	(301,942)
Other, net	24,007	(8,857)
Net cash flows used for operating activities	(463,032)	(400,519)
Cash Flows From Investing Activities
Purchases of tools, dies, and molds	(25,824)	(20,933)
Purchases of other property, plant, and equipment	(34,367)	(27,248)
(Payments for) proceeds from foreign currency forward exchange contracts, net	(21,746)	3,992
Other, net	1,005	484
Net cash flows used for investing activities	(80,932)	(43,705)
Cash Flows From Financing Activities
Proceeds from short-term borrowings, net	400,000	40,824
Other, net	(693)	(158)
Net cash flows provided by financing activities	399,307	40,666
Effect of Currency Exchange Rate Changes on Cash	(23,814)	3,202
Decrease in Cash and Equivalents	(168,471)	(400,356)
Cash and Equivalents at Beginning of Period	630,028	594,481
Cash and Equivalents at End of Period	$ 461,557	$ 194,125

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2018	$ 666,901	$ 441,369	$ 1,812,682	$ (2,354,617)	$ 1,626,693	$ (859,226)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(176,296)				(176,296)
Other comprehensive income (loss), net of tax	21,292					21,292
Issuance of treasury stock for restricted stock units vesting	(387)		(1,829)	1,442
Share-based compensation	11,865		11,865
Ending balance at Mar. 31, 2019	523,375	441,369	1,822,718	(2,353,175)	1,450,397	(837,934)
Beginning balance at Dec. 31, 2018	666,901	441,369	1,812,682	(2,354,617)	1,626,693	(859,226)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(284,283)
Other comprehensive income (loss), net of tax	19,564
Ending balance at Jun. 30, 2019	426,195	441,369	1,831,952	(2,349,874)	1,342,410	(839,662)
Beginning balance at Mar. 31, 2019	523,375	441,369	1,822,718	(2,353,175)	1,450,397	(837,934)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(107,987)				(107,987)
Other comprehensive income (loss), net of tax	(1,728)					(1,728)
Issuance of treasury stock for restricted stock units vesting	(35)		(3,060)	3,025
Deferred compensation	125		(151)	276
Share-based compensation	12,445		12,445
Ending balance at Jun. 30, 2019	426,195	441,369	1,831,952	(2,349,874)	1,342,410	(839,662)
Beginning balance at Dec. 31, 2019	491,714	441,369	1,825,569	(2,318,921)	1,413,181	(869,484)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(210,741)				(210,741)
Other comprehensive income (loss), net of tax	(136,399)					(136,399)
Issuance of treasury stock for restricted stock units vesting	(966)		(3,777)	2,811
Share-based compensation	14,275		14,275
Ending balance at Mar. 31, 2020	157,883	441,369	1,836,067	(2,316,110)	1,202,440	(1,005,883)
Beginning balance at Dec. 31, 2019	491,714	441,369	1,825,569	(2,318,921)	1,413,181	(869,484)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(319,914)
Other comprehensive income (loss), net of tax	(108,113)
Ending balance at Jun. 30, 2020	86,148	441,369	1,844,075	(2,314,967)	1,093,268	(977,597)
Beginning balance at Mar. 31, 2020	157,883	441,369	1,836,067	(2,316,110)	1,202,440	(1,005,883)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(109,172)				(109,172)
Other comprehensive income (loss), net of tax	28,286					28,286
Issuance of treasury stock for restricted stock units vesting	(111)		(944)	833
Deferred compensation	124		(186)	310
Share-based compensation	9,138		9,138
Ending balance at Jun. 30, 2020	$ 86,148	$ 441,369	$ 1,844,075	$ (2,314,967)	$ 1,093,268	$ (977,597)

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements and related disclosures have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") applicable to interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. In the opinion of management, all adjustments, consisting of only those of a normal recurring nature, considered necessary for a fair statement of the financial position and interim results of Mattel, Inc. and its subsidiaries ("Mattel") as of and for the periods presented have been included. The December 31, 2019 balance sheet data was derived from audited financial statements; however, the accompanying interim notes to the consolidated financial statements do not include all of the annual disclosures required by GAAP. As Mattel's business is seasonal, results for interim periods are not necessarily indicative of those that may be expected for a full year. The financial information included herein should be read in conjunction with Mattel's consolidated financial statements and related notes in the 2019 Annual Report on Form 10-K.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Mattel estimates current expected credit losses based on collection history and management’s assessment of the current economic trends, business environment, customers’ financial condition, accounts receivable aging, and customer disputes that may impact the level of future credit losses. Accounts receivable are net of allowances for credit losses of $18.7 million, $21.3 million, and $18.5 million as of June 30, 2020, June 30, 2019, and December 31, 2019, respectively.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories include the following: June 30, June 30, December 31, (In thousands) Raw materials and work in process $ 139,256 $ 129,937 $ 103,123 Finished goods 563,336 592,457 392,381 $ 702,592 $ 722,394 $ 495,504

Property, Plant, and Equipment

Property, Plant, and Equipment	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Property, Plant, and Equipment	Property, Plant, and Equipment Property, plant, and equipment, net includes the following: June 30, June 30, December 31, (In thousands) Land $ 24,938 $ 25,133 $ 25,112 Buildings 295,948 298,768 302,956 Machinery and equipment 753,388 873,294 812,509 Software 370,392 409,209 364,391 Tools, dies, and molds 601,811 818,166 747,706 Leasehold improvements 179,545 237,150 183,250 2,226,022 2,661,720 2,435,924 Less: accumulated depreciation (1,719,467) (2,065,882) (1,885,785) $ 506,555 $ 595,838 $ 550,139

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill Goodwill is allocated to various reporting units, which are at the operating segment level, for the purpose of evaluating whether goodwill is impaired. Mattel's reporting units are: (i) North America, (ii) International, and (iii) American Girl. Mattel tests its goodwill for impairment annually in the third quarter and whenever events or changes in circumstances indicate that the carrying value of a reporting unit may exceed its fair value. The change in the carrying amount of goodwill by operating segment for the six months ended June 30, 2020 is shown below. Brand-specific goodwill held by foreign subsidiaries is allocated to the North America segment, thereby causing a foreign currency translation impact. December 31, Currency June 30, (In thousands) North America $ 732,430 $ (1,957) $ 730,473 International 450,713 (5,899) 444,814 American Girl 207,571 — 207,571 $ 1,390,714 $ (7,856) $ 1,382,858

Other Noncurrent Assets

Other Noncurrent Assets	6 Months Ended
	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Noncurrent Assets	Other Noncurrent Assets Other noncurrent assets include the following: June 30, June 30, December 31, (In thousands) Identifiable intangible assets (net of accumulated amortization of $267.7 million, $228.2 million, and $248.0 million, respectively) $ 524,153 $ 566,737 $ 553,114 Deferred income taxes 59,827 49,937 67,900 Mattel's amortizable intangible assets primarily consist of trademarks. Mattel tests its amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. Mattel's amortizable intangible assets were not impaired during the three and six months ended June 30, 2020 and 2019.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities include the following: June 30, June 30, December 31, (In thousands) Current lease liabilities $ 81,225 $ 75,071 $ 74,065 Advertising and promotion 62,025 63,516 93,804 Royalties 30,998 52,683 94,228

Seasonal Financing

Seasonal Financing	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Seasonal Financing	Seasonal Financing On December 20, 2017, Mattel entered into a syndicated facility agreement, which was subsequently amended in 2018 and 2019 (as amended, the "Credit Agreement"), as a borrower (in such capacity, the "Borrower") and guarantor thereunder, along with certain of the Borrower's domestic and foreign subsidiaries as additional borrowers and/or guarantors thereunder, Bank of America, N.A., as global administrative agent, collateral agent and Australian security trustee, and the other lenders and financial institutions from time to time party thereto, providing up to $1.60 billion in aggregate principal amount of senior secured revolving credit facilities (the "senior secured revolving credit facilities"). The senior secured revolving credit facilities consist of (i) an asset based lending facility with aggregate commitments up to $1.31 billion, subject to borrowing base capacity, secured by substantially all of the accounts receivable and inventory of the Borrower and certain of its subsidiaries who are borrowers and/or guarantors under the Credit Agreement, as well as (ii) a revolving credit facility with $294.0 million in aggregate commitments secured by certain fixed assets and intellectual property of the U.S. borrowers under the Credit Agreement, and certain equity interests in the borrower and guarantor subsidiaries under the Credit Agreement. The senior secured revolving credit facilities will mature on November 18, 2022. Borrowings under the senior secured revolving credit facilities (i) are limited by jurisdiction-specific borrowing base calculations based on the sum of specified percentages of eligible accounts receivable, eligible inventory and certain fixed assets and intellectual property, as applicable, minus the amount of any applicable reserves, and (ii) bear interest at a floating rate, which can be either, at the Borrower's option, (a) an adjusted LIBOR rate plus an applicable margin ranging from 1.25% to 2.75% per annum or (b) an alternate base rate plus an applicable margin ranging from 0.25% to 1.75% per annum, in each case, such applicable margins to be determined based on the Borrower's average borrowing availability remaining under the senior secured revolving credit facilities. In addition to paying interest on the outstanding principal under the senior secured revolving credit facilities, the Borrower is required to pay (i) an unused line fee per annum of the average daily unused portion of the senior secured revolving credit facilities, (ii) a letter of credit fronting fee based on a percentage of the aggregate face amount of outstanding letters of credit, and (iii) certain other customary fees and expenses of the lenders and agents. Mattel had borrowings under the senior secured revolving credit facilities of $400 million and $45 million as of June 30, 2020 and June 30, 2019, respectively, and had no borrowings under the senior secured revolving credit facilities as of December 31, 2019. Outstanding letters of credit under the senior secured revolving credit facilities totaled approximately $13 million, $70 million, and $55 million as of June 30, 2020, June 30, 2019, and December 31, 2019, respectively. The Credit Agreement contains customary covenants, including, but not limited to, restrictions on the Borrower's and its subsidiaries' ability to merge and consolidate with other companies, incur indebtedness, grant liens or security interests on assets, make acquisitions, loans, advances, or investments, pay dividends, sell or otherwise transfer assets outside of the ordinary course, optionally prepay or modify terms of any junior indebtedness, enter into transactions with affiliates, or change their line of business. The Credit Agreement requires the maintenance of a fixed charge coverage ratio of 1.00 to 1.00 at the end of each fiscal quarter when excess availability under the senior secured revolving credit facilities is less than the greater of (x) $100 million and (y) 10% of the aggregate amount available thereunder (the "Availability Threshold") and on the last day of each subsequent fiscal quarter ending thereafter until no event of default exists and excess availability is greater than the Availability Threshold for at least 30 consecutive days. Since the execution of the Credit Agreement, the fixed charge coverage ratio covenant has not been in effect, as no event of default has occurred and Mattel's excess availability has been greater than $100 million and the Availability Threshold. As of June 30, 2020, Mattel was in compliance with all covenants contained in the Credit Agreement. The Credit Agreement is a material agreement, and failure to comply with the covenants may result in an event of default under the terms of the senior secured revolving credit facilities. If Mattel were to default under the terms of the senior secured revolving credit facilities, its ability to meet its seasonal financing requirements could be adversely affected.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt includes the following: June 30, June 30, December 31, (In thousands) 2010 Senior Notes due October 2020 $ — $ 250,000 $ — 2010 Senior Notes due October 2040 250,000 250,000 250,000 2011 Senior Notes due November 2041 300,000 300,000 300,000 2013 Senior Notes due March 2023 250,000 250,000 250,000 2016 Senior Notes due August 2021 — 350,000 — 2017/2018 Senior Notes due December 2025 1,500,000 1,500,000 1,500,000 2019 Senior Notes due December 2027 600,000 — 600,000 Debt issuance costs and debt discount (49,159) (44,806) (53,249) $ 2,850,841 $ 2,855,194 $ 2,846,751

Other Noncurrent Liabilities

Other Noncurrent Liabilities	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Other Noncurrent Liabilities	Other Noncurrent Liabilities Other noncurrent liabilities include the following: June 30, June 30, December 31, (In thousands) Benefit plan liabilities $ 209,501 $ 184,220 $ 212,280 Noncurrent income tax liabilities 125,944 138,018 125,515

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The following tables present changes in the accumulated balances for each component of other comprehensive income (loss), including other comprehensive income (loss) and reclassifications out of accumulated other comprehensive income (loss) for each period: For the Three Months Ended June 30, 2020 Derivative Available-for-Sale Security Employee Currency Total (In thousands) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2020 $ 17,021 $ (8,065) $ (166,797) $ (848,042) $ (1,005,883) Other comprehensive income (loss) before reclassifications 4,704 (80) (1,203) 26,843 30,264 Amounts reclassified from accumulated other comprehensive income (loss) (3,699) — 1,721 — (1,978) Net increase (decrease) in other comprehensive income (loss) 1,005 (80) 518 26,843 28,286 Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2020 $ 18,026 $ (8,145) $ (166,279) $ (821,199) $ (977,597) For the Six Months Ended June 30, 2020 Derivative Available-for-Sale Security Employee Currency Total (In thousands) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2019 $ 11,041 $ (8,260) $ (169,857) $ (702,408) $ (869,484) Other comprehensive income (loss) before reclassifications 13,894 115 499 (118,791) (104,283) Amounts reclassified from accumulated other comprehensive income (loss) (6,909) — 3,079 — (3,830) Net increase (decrease) in other comprehensive income (loss) 6,985 115 3,578 (118,791) (108,113) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2020 $ 18,026 $ (8,145) $ (166,279) $ (821,199) $ (977,597) For the Three Months Ended June 30, 2019 Derivative Available-for-Sale Security Employee Currency Total (In thousands) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2019 $ 16,470 $ (4,670) $ (142,540) $ (707,194) $ (837,934) Other comprehensive income (loss) before reclassifications 3,254 (1,944) (618) (1,170) (478) Amounts reclassified from accumulated other comprehensive income (loss) (2,492) — 1,242 — (1,250) Net increase (decrease) in other comprehensive income (loss) 762 (1,944) 624 (1,170) (1,728) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2019 $ 17,232 $ (6,614) $ (141,916) $ (708,364) $ (839,662) For the Six Months Ended June 30, 2019 Derivative Available-for-Sale Security Employee Currency Total (In thousands) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2018 $ 11,411 $ (6,547) $ (142,763) $ (721,327) $ (859,226) Other comprehensive income (loss) before reclassifications 9,072 (67) (1,824) 12,963 20,144 Amounts reclassified from accumulated other comprehensive income (loss) (3,251) — 2,671 — (580) Net increase (decrease) in other comprehensive income (loss) 5,821 (67) 847 12,963 19,564 Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2019 $ 17,232 $ (6,614) $ (141,916) $ (708,364) $ (839,662) The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations: For the Three Months Ended June 30, June 30, Statements of Operations (In thousands) Derivative Instruments Gain on foreign currency forward exchange contracts and other $ 3,622 $ 2,675 Cost of sales Tax effect 77 (183) Provision for income taxes $ 3,699 $ 2,492 Net loss Employee Benefit Plans Amortization of prior service credit (a) $ 466 $ 493 Other non-operating expense (income), net Recognized actuarial loss (a) (2,337) (1,735) Other non-operating expense (income), net (1,871) (1,242) Tax effect 150 — Provision for income taxes $ (1,721) $ (1,242) Net loss For the Six Months Ended June 30, June 30, Statements of Operations (In thousands) Derivative Instruments Gain on foreign currency forward exchange contracts and other $ 6,814 $ 3,602 Cost of sales Tax effect 95 (351) Provision for income taxes $ 6,909 $ 3,251 Net loss Employee Benefit Plans Amortization of prior service credit (a) $ 932 $ 986 Other non-operating expense (income), net Recognized actuarial loss (a) (4,677) (3,472) Other non-operating expense (income), net (3,745) (2,486) Tax effect 666 (185) Provision for income taxes $ (3,079) $ (2,671) Net loss _______________________________________ (a) The amortization of prior service credit and recognized actuarial loss are included in the computation of net periodic benefit cost. Refer to "Note 15 to the Consolidated Financial Statements—Employee Benefit Plans" of this Quarterly Report on Form 10-Q for additional information regarding Mattel's net periodic benefit cost. Currency Translation Adjustments Mattel's reporting currency is the U.S. dollar. The translation of its net investments in subsidiaries with non-U.S. dollar functional currencies subjects Mattel to the impact of foreign currency exchange rate fluctuations in its results of operations and financial position. Assets and liabilities of subsidiaries with non-U.S. dollar functional currencies are translated into U.S. dollars at fiscal period-end exchange rates. Income and expense items are translated at weighted-average exchange rates prevailing during the fiscal period. The resulting currency translation adjustments are recorded as a component of accumulated other comprehensive income (loss) within stockholders' equity. Currency translation adjustments resulted in a net loss of $118.8 million for the six months ended June 30, 2020, primarily due to the weakening of the Mexican peso, Brazilian real, British pound sterling, and the Russian ruble against the U.S. dollar. Currency translation adjustments resulted in a net gain of $13.0 million for the six months ended June 30, 2019, primarily due to the strengthening of the Russian ruble, Hong Kong dollar, and Mexican peso against the U.S. dollar, partially offset by the weakening of the Euro against the U.S. dollar.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative InstrumentsMattel 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 of up to 18 months. These derivative instruments have been designated as effective cash flow hedges, whereby the unsettled hedges are reported in Mattel's 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. Mattel also 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. Additionally, Mattel utilizes derivative contracts to hedge commodities including certain raw materials. As of June 30, 2020, June 30, 2019, and December 31, 2019, Mattel held foreign currency forward exchange contracts and other commodity derivative instruments, with notional amounts of $1.17 billion, $1.06 billion, and $742.0 million, respectively. The following tables present Mattel's derivative assets and liabilities: Derivative Assets Fair Value Balance Sheet Classification June 30, June 30, December 31, (In thousands) Derivatives designated as hedging instruments Foreign currency forward exchange contracts and other $ 11,731 $ 13,620 $ 10,227 Prepaid expenses and other current assets Foreign currency forward exchange contracts and other 1,237 2,573 715 Other noncurrent assets Total derivatives designated as hedging instruments $ 12,968 $ 16,193 $ 10,942 Derivatives not designated as hedging instruments Foreign currency forward exchange contracts and other $ 786 $ 929 $ 4,060 Prepaid expenses and other current assets $ 13,754 $ 17,122 $ 15,002 Derivative Liabilities Fair Value Balance Sheet Classification June 30, June 30, December 31, (In thousands) Derivatives designated as hedging instruments Foreign currency forward exchange contracts and other $ 1,973 $ 949 $ 2,500 Accrued liabilities Foreign currency forward exchange contracts and other 1,241 363 213 Other noncurrent liabilities Total derivatives designated as hedging instruments $ 3,214 $ 1,312 $ 2,713 Derivatives not designated as hedging instruments Foreign currency forward exchange contracts and other $ 5,280 $ 467 $ 263 Accrued liabilities Foreign currency forward exchange contracts and other 185 — — Other noncurrent liabilities Total derivatives not designated as hedging instruments $ 5,465 $ 467 $ 263 $ 8,679 $ 1,779 $ 2,976 The following tables present the classification and amount of gains and losses, net of tax, from derivatives reported in the consolidated statements of operations: For the Three Months Ended June 30, 2020 June 30, 2019 Statements of Amount of Gain Recognized in OCI Amount of Gain Reclassified from Accumulated OCI to Statement of Operations Amount of Gain Recognized in OCI Amount of Gain Reclassified from Accumulated OCI to Statement of Operations (In thousands) Derivatives designated as hedging instruments Foreign currency forward exchange contracts and other $ 4,704 $ 3,699 $ 3,254 $ 2,492 Cost of sales For the Six Months Ended June 30, 2020 June 30, 2019 Amount of Gain Recognized in OCI Amount of Gain Reclassified from Accumulated OCI to Statement of Operations Amount of Gain Recognized in OCI Amount of Gain Reclassified from Accumulated OCI to Statement of Operations Statements of (In thousands) Derivatives designated as hedging instruments Foreign currency forward exchange contracts and other $ 13,894 $ 6,909 $ 9,072 $ 3,251 Cost of sales The net gains are offset by the changes in cash flows associated with the underlying hedged transactions. Amount of Gain Recognized in the Statements of Operations Statements of Operations For the Three Months Ended June 30, June 30, (In thousands) Derivatives not designated as hedging instruments Foreign currency forward exchange contracts and other $ 8,121 $ 4,366 Other non-operating expense (income), net Amount of (Loss) Gain Recognized in the Statements of Operations Statements of Operations For the Six Months Ended June 30, June 30, (In thousands) Derivatives not designated as hedging instruments Foreign currency forward exchange contracts and other $ (30,247) $ 3,868 Other non-operating expense (income), net The net gains (loss) are offset by gains and losses on the related transactions.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following tables present information about Mattel's assets and liabilities measured and reported in the financial statements at fair value on a recurring basis as of June 30, 2020, June 30, 2019, and December 31, 2019 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, either directly or indirectly. • 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's financial assets and liabilities include the following: June 30, 2020 Level 1 Level 2 Level 3 Total (In thousands) Assets Foreign currency forward exchange contracts and other (a) $ — $ 13,754 $ — $ 13,754 Available-for-sale security (b) 3,645 — — 3,645 Total assets $ 3,645 $ 13,754 $ — $ 17,399 Liabilities Foreign currency forward exchange contracts and other (a) $ — $ 8,679 $ — $ 8,679 June 30, 2019 Level 1 Level 2 Level 3 Total (In thousands) Assets Foreign currency forward exchange contracts and other (a) $ — $ 17,122 $ — $ 17,122 Available-for-sale security (b) 5,206 — — 5,206 Total assets $ 5,206 $ 17,122 $ — $ 22,328 Liabilities Foreign currency forward exchange contracts and other (a) $ — $ 1,779 $ — $ 1,779 December 31, 2019 Level 1 Level 2 Level 3 Total (In thousands) Assets Foreign currency forward exchange contracts and other (a) $ — $ 15,002 $ — $ 15,002 Available-for-sale security (b) 3,530 — — 3,530 Total assets $ 3,530 $ 15,002 $ — $ 18,532 Liabilities Foreign currency forward exchange contracts and other (a) $ — $ 2,976 $ — $ 2,976 ____________________________________________ (a) The fair value of the foreign currency forward exchange contracts and other commodity derivative instruments 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. Other Financial Instruments Mattel's financial instruments include cash and equivalents, accounts receivable and payable, accrued liabilities, short-term borrowings, and long-term debt. The fair values of these instruments, excluding long-term debt, approximate their carrying values because of their short-term nature. Cash and equivalents are classified as Level 1 and all other financial instruments are classified as Level 2 within the fair value hierarchy. The estimated fair value of Mattel's long-term debt was $2.87 billion (compared to a carrying value of $2.90 billion) as of June 30, 2020, $2.81 billion (compared to a carrying value of $2.90 billion) as of June 30, 2019, and $3.00 billion (compared to a carrying value of $2.90 billion) as of December 31, 2019. The estimated fair values have been calculated based on broker quotes or rates for the same or similar instruments and are classified as Level 2 within the fair value hierarchy.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table reconciles basic and diluted earnings per common share for the three and six months ended June 30, 2020 and 2019: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands, except per share amounts) Basic Net loss $ (109,172) $ (107,987) $ (319,914) $ (284,283) Weighted-average number of common shares 346,875 345,941 346,778 345,946 Basic net loss per common share $ (0.31) $ (0.31) $ (0.92) $ (0.82) Diluted Net loss $ (109,172) $ (107,987) $ (319,914) $ (284,283) Weighted-average number of common shares 346,875 345,941 346,778 345,946 Dilutive stock options and restricted stock units ("RSUs") (a) — — — — Weighted-average number of common and potential common shares 346,875 345,941 346,778 345,946 Diluted net loss per common share $ (0.31) $ (0.31) $ (0.92) $ (0.82) _______________________________________ (a) Mattel was in a net loss position for the three and six months ended June 30, 2020 and 2019, and, accordingly, all outstanding nonqualified stock options and RSUs were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Mattel and certain of its subsidiaries have qualified and nonqualified retirement plans covering substantially all employees of these companies, which are more fully described in Part II, Item 8 "Financial Statements and Supplementary Data—Note 4 to the Consolidated Financial Statements–Employee Benefit Plans" in the 2019 Annual Report on Form 10-K. A summary of the components of net periodic benefit cost for Mattel's defined benefit pension plans is as follows: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Service cost $ 1,112 $ 1,678 $ 2,221 $ 2,634 Interest cost 3,737 4,826 7,518 9,666 Expected return on plan assets (4,902) (5,434) (9,823) (10,878) Amortization of prior service cost 43 16 86 32 Recognized actuarial loss 2,356 1,831 4,715 3,664 $ 2,346 $ 2,917 $ 4,717 $ 5,118 A summary of the components of net periodic benefit credit for Mattel's postretirement benefit plans is as follows: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Interest cost $ 35 $ 50 $ 70 $ 100 Amortization of prior service credit (509) (509) (1,018) (1,018) Recognized actuarial gain (19) (96) (38) (192) $ (493) $ (555) $ (986) $ (1,110) During the six months ended June 30, 2020, Mattel made cash contributions totaling approximately $2 million related to its defined benefit pension and postretirement benefit plans. During the remainder of 2020, Mattel expects to make additional cash contributions of approximately $9 million.

Share-Based Payments

Share-Based Payments	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Payments	Share-Based Payments Mattel has various stock compensation plans, which are more fully described in Part II, Item 8 "Financial Statements and Supplementary Data—Note 8 to the Consolidated Financial Statements—Share-Based Payments" in the 2019 Annual Report on Form 10-K. Under the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan, Mattel has the ability to grant nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, RSUs, performance awards, dividend equivalent rights, and shares of common stock to officers, employees, and other persons providing services to Mattel. Stock options are granted with exercise prices at the fair market value of Mattel's common stock on the applicable grant date and expire no later than ten years from the date of grant. Stock options and RSUs generally provide for vesting over a period of three years from the date of grant. As of June 30, 2020, two long-term incentive programs were in place with the following performance cycles: (i) a January 1, 2018–December 31, 2020 performance cycle and (ii) a January 1, 2019–December 31, 2021 performance cycle. Compensation expense, included within other selling and administrative expenses in the consolidated statements of operations, related to stock options and RSUs is as follows: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Stock option compensation expense $ 2,376 $ 2,168 $ 5,507 $ 4,574 RSU compensation expense (a) 6,762 10,277 17,907 19,736 $ 9,138 $ 12,445 $ 23,414 $ 24,310 _______________________________________ (a) Includes compensation expense associated with Mattel's long-term incentive programs of $0.2 million and $4.0 million for the three and six months ended June 30, 2020, respectively, and $1.3 million and $2.1 million for the three and six months ended June 30, 2019, respectively. As of June 30, 2020, total unrecognized compensation expense related to unvested share-based payments totaled $50.4 million and is expected to be recognized over a weighted-average period of 1.6 years. Mattel uses treasury shares purchased under its share repurchase program to satisfy stock option exercises and the vesting of RSUs. No cash was received for stock option exercises during the six months ended June 30, 2020 and 2019.

Other Selling and Administrativ

Other Selling and Administrative Expenses	6 Months Ended
	Jun. 30, 2020
Other Income and Expenses [Abstract]
Other Selling and Administrative Expenses	Other Selling and Administrative Expenses Other selling and administrative expenses include the following: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Design and development $ 46,486 $ 52,186 $ 91,113 $ 94,631 Identifiable intangible asset amortization 9,687 9,909 19,652 20,338

Foreign Currency Transaction Ex

Foreign Currency Transaction Exposure	6 Months Ended
	Jun. 30, 2020
Foreign Currency [Abstract]
Foreign Currency Transaction Exposure	Foreign Currency Transaction Exposure Currency exchange rate fluctuations may impact Mattel's results of operations and cash flows. Mattel's currency transaction exposures include gains and losses realized on unhedged inventory purchases and unhedged receivables and payables balances that are denominated in a currency other than the applicable functional currency. Gains and losses on unhedged inventory purchases and other transactions associated with operating activities are recorded in the components of operating loss in the consolidated statements of operations. Gains and losses on unhedged intercompany loans and advances are recorded as a component of other non-operating expense (income), net in the consolidated statements of operations in the period in which the currency exchange rate changes. Inventory transactions denominated in the Euro, Mexican peso, British pound sterling, Australian dollar, Canadian dollar, Brazilian real, and Russian ruble were the primary transactions that caused foreign currency transaction exposure for Mattel during the six months ended June 30, 2020. Currency transaction (losses) gains included in the consolidated statements of operations are as follows: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Operating loss $ (2,169) $ 672 $ (1,946) $ (3,098) Other non-operating expense (income), net (1,603) 1,117 (2,435) (551) Currency transaction (losses) gains, net $ (3,772) $ 1,789 $ (4,381) $ (3,649)

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges Capital Light Program During the first quarter of 2019, Mattel announced the commencement of its Capital Light program to optimize Mattel's manufacturing footprint (including the sale or consolidation of manufacturing facilities), increase the productivity of its plant infrastructure, and achieve additional efficiencies across its entire supply chain. In connection with the Capital Light program, Mattel recorded severance and other restructuring charges within the consolidated statements of operations as follows: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Cost of sales (a) $ 1,407 $ 3,483 $ 4,464 $ 3,483 Other selling and administrative expenses (b) 1,374 7,971 4,120 7,971 $ 2,781 $ 11,454 $ 8,584 $ 11,454 _______________________________________ (a) Severance and other restructuring costs recorded within cost of sales in the consolidated statements of operations include charges associated with the consolidation of manufacturing facilities. (b) Severance and other restructuring costs recorded within other selling and administrative expenses in the consolidated statements of operations are included in corporate and other expense in "Note 22 to the Consolidated Financial Statements—Segment Information." The following table summarizes Mattel's severance and other restructuring charges activity related to the Capital Light program for the six months ended June 30, 2020: Liability at December 31, 2019 Charges (a) Payments/Utilization Liability at (In thousands) Severance $ 6,151 $ 4,120 $ (1,865) $ 8,406 Other restructuring charges 11,484 4,464 (6,906) 9,042 $ 17,635 $ 8,584 $ (8,771) $ 17,448 _______________________________________ (a) Other restructuring charges consist primarily of expenses associated with the consolidation of manufacturing facilities. As of June 30, 2020, Mattel has recorded cumulative severance and other restructuring charges related to the Capital Light program of $46.2 million, which include approximately $14 million of non-cash charges. Mattel expects to incur total severance and other restructuring charges, excluding non-cash charges, of approximately $38 million related to the Capital Light program. Other Cost Savings Actions In connection with Mattel’s continued efforts to streamline its organizational structure and restore profitability, on May 4, 2020, Mattel committed to a planned 4% reduction in its non-manufacturing workforce. The timing of this action was accelerated due to the impact of COVID-19. The following table summarizes Mattel's severance charges activity related to other cost savings actions for the six months ended June 30, 2020: Liability at December 31, 2019 Charges (a) Payments/Utilization Liability at (In thousands) Severance (a) $ — $ 14,505 $ (4,947) $ 9,558 _______________________________________ (a) Severance charges recorded within other selling and administrative expenses in the consolidated statements of operations are included in corporate and other expense in "Note 22 to the Consolidated Financial Statements—Segment Information." Mattel expects to incur additional severance and restructuring charges of approximately $5 million related to other cost savings actions, consisting solely of cash expenditures for employee termination and severance costs, through the end of 2020.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Mattel's provision for income taxes was $12.8 million and $24.7 million for the three and six months ended June 30, 2020, respectively, and $12.2 million and $14.9 million for the three and six months ended June 30, 2019, respectively. During the three and six months ended June 30, 2020, Mattel recognized a net discrete tax expense of $3.2 million and $9.6 million, respectively, primarily related to an expense for reassessments of prior years' tax liabilities and income taxes recorded on a discrete basis in various jurisdictions. During the three and six months ended June 30, 2019, Mattel recognized a net discrete tax expense of $0.8 million and discrete tax benefit of $1.1 million, respectively, primarily related to reassessments of prior years' tax liabilities and income taxes recorded on a discrete basis in various jurisdictions. As a result of the establishment of a valuation allowance on U.S. deferred tax assets, there was no U.S. tax benefit provided for U.S. losses during the three and six months ended June 30, 2020 and 2019. In the normal course of business, Mattel is regularly audited by federal, state, and foreign tax authorities. Based on the current status of federal, state, and foreign audits, Mattel believes it is reasonably possible that in the next twelve months, the total unrecognized tax benefits could decrease by approximately $7 million related to the settlement of tax audits and/or the expiration of statutes of limitations. The ultimate settlement of any particular issue with the applicable taxing authority could have a material impact on Mattel's consolidated financial statements.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Litigation Related to Yellowstone do Brasil Ltda. Yellowstone do Brasil Ltda. (formerly known as Trebbor Informática Ltda.) was a customer of Mattel's subsidiary Mattel do Brasil Ltda. when a commercial dispute arose between Yellowstone and Mattel do Brasil regarding the supply of product and related payment terms. As a consequence of the dispute, in April 1999, Yellowstone filed a declarative action against Mattel do Brasil before the 15 th Civil Court of Curitiba – State of Parana (the "Trial Court"), requesting the annulment of its security bonds and promissory notes given to Mattel do Brasil as well as requesting the Trial Court to find Mattel do Brasil liable for damages incurred as a result of Mattel do Brasil’s alleged abrupt and unreasonable breach of an oral exclusive distribution agreement between the parties relating to the supply and sale of toys in Brazil. Yellowstone's complaint sought alleged loss of profits of approximately $1 million, plus an unspecified amount of damages consisting of: (i) compensation for all investments made by Yellowstone to develop Mattel do Brasil's business; (ii) reimbursement of the amounts paid by Yellowstone to terminate labor and civil contracts in connection with the business; (iii) compensation for alleged unfair competition and for the goodwill of trade; and (iv) compensation for non-pecuniary damages. Mattel do Brasil filed its defenses to these claims and simultaneously presented a counterclaim for unpaid accounts receivable for goods supplied to Yellowstone in the approximate amount of $4 million. During the evidentiary phase a first accounting report was submitted by a court-appointed expert. Such report stated that Yellowstone had invested approximately $3 million in its business. Additionally, the court-appointed expert calculated a loss of profits compensation of approximately $1 million. Mattel do Brasil challenged the report since it was not made based on the official accounting documents of Yellowstone and since the report calculated damages based only on documents unilaterally submitted by Yellowstone. The Trial Court accepted the challenge and ruled that a second accounting examination should take place in the lawsuit. Yellowstone appealed the decision to the Court of Appeals of the State of Parana (the "Appeals Court"), but it was upheld by the Appeals Court. The second court-appointed expert’s report submitted at trial did not assign a value to any of Yellowstone’s claims and found no evidence of causation between Mattel do Brasil's actions and such claims. In January 2010, the Trial Court ruled in favor of Mattel do Brasil and denied all of Yellowstone’s claims based primarily on the lack of any causal connection between the acts of Mattel do Brasil and Yellowstone’s alleged damages. Additionally, the Trial Court upheld Mattel do Brasil's counterclaim and ordered Yellowstone to pay Mattel do Brasil approximately $4 million. The likelihood of Mattel do Brasil recovering this amount was uncertain due to the fact that Yellowstone was declared insolvent and filed for bankruptcy protection. In February 2010, Yellowstone filed a motion seeking clarification of the decision which was denied. In September 2010, Yellowstone filed a further appeal with the Appeals Court. Under Brazilian law, the appeal was de novo and Yellowstone restated all of the arguments it made at the Trial Court level. Yellowstone did not provide any additional information supporting its unspecified alleged damages. The Appeals Court held hearings on the appeal in March and April 2013. On July 26, 2013, the Appeals Court awarded Yellowstone approximately $17 million in damages, plus attorney's fees, as adjusted for inflation and interest. The Appeals Court also awarded Mattel do Brasil approximately $7.5 million on its counterclaim, as adjusted for inflation. On August 2, 2013, Mattel do Brasil filed a motion with the Appeals Court for clarification since the written decision contained clear errors in terms of amounts awarded and interest and inflation adjustments. Mattel do Brasil's motion also asked the Appeals Court to decide whether Yellowstone’s award could be offset by the counterclaim award, despite Yellowstone's status as a bankrupt entity. Yellowstone also filed a motion for clarification on August 5, 2013. A decision on the clarification motions was rendered on November 11, 2014, and the Appeals Court accepted partially the arguments raised by Mattel do Brasil. As a result, the Appeals Court awarded Yellowstone approximately $14.5 million in damages, as adjusted for inflation and interest, plus attorney's fees. The Appeals Court also awarded Mattel do Brasil approximately $7.5 million on its counterclaim, as adjusted for inflation. The decision also recognized the existence of legal rules that support Mattel do Brasil's right to offset its counterclaim award of approximately $7.5 million. Mattel do Brasil filed a new motion for clarification with the Appeals Court on January 21, 2015, due to the incorrect statement made by the reporting judge of the Appeals Court, that the court-appointed expert analyzed the "accounting documents" of Yellowstone. On April 26, 2015, a decision on the motion for clarification was rendered. The Appeals Court ruled that the motion for clarification was denied and imposed a fine on Mattel do Brasil equal to 1% of the value of the claims made for the delay caused by the motion. On July 3, 2015, Mattel do Brasil filed a special appeal to the Superior Court of Justice based upon both procedural and substantive grounds. This special appeal sought to reverse the Appeals Court's decision of July 26, 2013, and to reverse the fine as inappropriate under the law. This special appeal was submitted to the Appeals Court. Yellowstone also filed a special appeal with the Appeals Court in February 2015, which was made available to Mattel do Brasil on October 7, 2015. Yellowstone's special appeal sought to reverse the Appeals Court decision with respect to: (a) the limitation on Yellowstone's loss of profits claim to the amount requested in the complaint, instead of the amount contained in the first court-appointed experts report, and (b) the award of damages to Mattel do Brasil on the counterclaim, since the specific amount was not requested in Mattel do Brasil's counterclaim brief. On October 19, 2015, Mattel do Brasil filed its answer to the special appeal filed by Yellowstone and Yellowstone filed its answer to the special appeal filed by Mattel do Brasil. On April 4, 2016, the Appeals Court rendered a decision denying the admissibility of Mattel's and Yellowstone's special appeals. On May 11, 2016, both Mattel and Yellowstone filed interlocutory appeals. On August 31, 2017, the reporting justice for the Appeals Court denied Yellowstone’s interlocutory appeal. As to Mattel, the reporting justice reversed the fine referenced above that had been previously imposed on Mattel for filing a motion for clarification. However, the reporting justice rejected Mattel’s arguments on the merits of Yellowstone’s damages claims. On September 22, 2017, Mattel filed a further appeal to the full panel of five appellate justices to challenge the merits of Yellowstone's damages claims. Yellowstone did not file a further appeal. In April 2018, Mattel do Brasil entered into a settlement agreement to resolve this matter, but the settlement was later rejected by the courts, subject to a pending appeal by Mattel. On October 2, 2018, the Appeals Court rejected Mattel's merits appeal, and affirmed the prior rulings in favor of Yellowstone. In October 2019, Mattel reached an agreement with Yellowstone's former counsel regarding payment of the attorney's fees portion of the judgment. In November 2019, Yellowstone initiated an action to enforce its judgment against Mattel, but did not account for an offset for Mattel's counterclaim. On January 27, 2020, Mattel obtained an injunction, staying Yellowstone's enforcement action pending resolution of Mattel's appeal to enforce the parties' April 2018 settlement. As of June 30, 2020, Mattel assessed its probable loss related to the Yellowstone matter and has accrued a reserve, which was not material. 2017 Securities Litigation A purported class action lawsuit is pending in the United States District Court for the Central District of California, (consolidating Waterford Township Police & Fire Retirement System v. Mattel, Inc., et al., filed June 27, 2017; and Lathe v. Mattel, Inc., et al., filed July 6, 2017) against Mattel, Christopher A. Sinclair, Richard Dickson, Kevin M. Farr, and Joseph B. Johnson alleging federal securities laws violations in connection with statements allegedly made by the defendants during the period October 20, 2016 through April 20, 2017. In general, the lawsuit asserts allegations that the defendants artificially inflated Mattel's common stock price by knowingly making materially false and misleading statements and omissions to the investing public about retail customer inventory, the alignment between point-of-sale and shipping data, and Mattel's overall financial condition. The lawsuit alleges that the defendants' conduct caused the plaintiff and other stockholders to purchase Mattel common stock at artificially inflated prices. On May 24, 2018, the Court granted Mattel's motion to dismiss the class action lawsuit, and on June 25, 2018, the plaintiff filed a motion informing the Court he would not be filing an amended complaint. Judgment was entered in favor of Mattel and the individual defendants on September 19, 2018. The plaintiff filed his Notice of Appeal on October 16, 2018 and his opening appellate brief on February 25, 2019. On April 26, 2019, Mattel filed its responsive appellate brief, and on June 17, 2019, plaintiff filed his reply brief. Oral argument occurred on February 4, 2020, and on February 20, 2020, the Court of Appeals affirmed the dismissal of the lawsuit. In addition, a stockholder had filed a derivative action in the United States District Court for the District of Delaware (Lombardi v. Sinclair, et al., filed December 21, 2017) making allegations that were substantially identical to, or were based upon, the allegations of the class action lawsuit. The defendants in the derivative action were the same as those in the class action lawsuit plus Margaret H. Georgiadis, Michael J. Dolan, Trevor A. Edwards, Frances D. Fergusson, Ann Lewnes, Dominic Ng, Vasant M. Prabhu, Dean A. Scarborough, Dirk Van de Put, and Kathy W. Loyd. On February 26, 2018, the derivative action was stayed pending further developments in the class action litigation. On April 16, 2020, the stockholder filed an amended complaint, which is based on new allegations and which names a new set of defendants. The amended complaint is discussed in more detail below under “Litigation and Investigations Related to Whistleblower Letter.” The lawsuits seek unspecified compensatory damages, attorneys' fees, expert fees, costs, and/or injunctive relief. Mattel believes that the allegations in the lawsuits are without merit and intends to vigorously defend against them. A reasonable estimate of the amount of any possible loss or range of loss cannot be made at this time. Litigation Related to the Fisher-Price Rock 'n Play Sleeper A number of putative class action lawsuits are pending against Fisher-Price, Inc. and/or Mattel, Inc. asserting claims for false advertising, negligent product design, breach of warranty, fraud, and other claims in connection with the marketing and sale of the Fisher-Price Rock 'n Play Sleeper (the "Sleeper"). In general, the lawsuits allege that the Sleeper should not have been marketed and sold as safe and fit for prolonged and overnight sleep for infants. The putative class action lawsuits propose nationwide and over 15 statewide consumer classes comprised of those who purchased the Sleeper as marketed as safe for prolonged and overnight sleep. The class actions have been consolidated before a single judge for pre-trial purposes pursuant to the federal courts’ Multi-District Litigation program. Thirty-three additional lawsuits are pending against Fisher-Price, Inc. and Mattel, Inc. alleging that a product defect in the Sleeper caused the fatalities of or injuries to thirty-seven children. Additionally, Fisher-Price, Inc. and/or Mattel, Inc. have also received letters from lawyers purporting to represent additional plaintiffs who are threatening to assert similar claims. In addition, a stockholder has filed a derivative action in the Court of Chancery for the State of Delaware (Kumar v. Bradley, et al., filed July 7, 2020) alleging breach of fiduciary duty and unjust enrichment related to the development, marketing, and sale of the Sleeper. The defendants in the derivative action are R. Todd Bradley, Richard Dickson, Joseph J. Euteneuer, Adriana Cisneros, Michael J. Dolan, Ynon Kreiz, Soren T. Laursen, Ann Lewnes, Roger Lynch, Dominic Ng, Judy D. Olian and Vasant M. Prabhu. The lawsuits seek compensatory damages, punitive damages, statutory damages, restitution, disgorgement, attorneys’ fees, costs, interest, declaratory relief, and/or injunctive relief. Mattel believes that the allegations in the lawsuits are without merit and intends to vigorously defend against them. A reasonable estimate of the amount of any possible loss or range of loss cannot be made at this time. Litigation and Investigations Related to Whistleblower Letter In December 2019 and January 2020, two stockholders filed separate complaints styled as class actions against Mattel, Inc., and certain of its current and former officers, alleging violations of federal securities laws. The complaints rely on the results of an investigation announced by Mattel in October 2019 regarding allegations in a whistleblower letter and claim that Mattel misled the market in several of its financial statements beginning in the third quarter of 2017. The lawsuits allege that the defendants' conduct caused the plaintiff and other stockholders to purchase Mattel common stock at artificially inflated prices. In addition, a stockholder has filed a derivative action in the United States District Court for the District of Delaware (Moher v. Kreiz, et al., filed April 9, 2020) making allegations that are substantially identical to, or are based upon, the allegations of the class action lawsuits. The defendants in the derivative action are Ynon Kreiz, Margaret H. Georgiadis, Joseph J. Euteneuer, Joseph B. Johnson, R. Todd Bradley, Adriana Cisneros, Michael J. Dolan, Trevor A. Edwards, Frances D. Fergusson, Soren T. Laursen, Ann Lewnes, Kathy W. Loyd, Roger Lynch, Dominic Ng, Judy D. Olian, Vasant M. Prabhu, Dean A. Scarborough, Christopher A. Sinclair, Mattel, Inc., and PricewaterhouseCoopers LLP. Subsequently, a nearly identical derivative action was filed by a different stockholder against the same defendants (Lombardi v. Kreiz, et al., filed April 16, 2020). The second lawsuit is styled as an amended complaint and replaces a complaint making unrelated allegations in a previously filed lawsuit already pending in Delaware federal court (discussed above under “2017 Securities Litigation”). In May 2020, the derivative actions were consolidated and stayed pending further developments in the class action lawsuits. The lawsuits seek unspecified compensatory damages, attorneys' fees, expert fees, costs and/or injunctive relief. Mattel believes that the allegations in the lawsuits are without merit and intends to vigorously defend against them. A reasonable estimate of the amount of any possible loss or range of loss cannot be made at this time.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information Mattel designs, manufactures, and markets a broad variety of toy products worldwide, which are sold to its customers and directly to consumers. Gross Sales Gross sales by categories are presented as follows: Dolls —including brands such as Barbie , American Girl , Enchantimals , and Polly Pocket. Infant, Toddler, and Preschool —including brands such as Fisher-Price and Thomas & Friends , Power Wheels , Fireman Sam , and Shimmer and Shine ( Nickelodeon ). Vehicles —including brands such as Hot Wheels , Matchbox , CARS ( Disney Pixar ), and Jurassic World ( NBCUniversal ). Action Figures, Building Sets, Games, and Other —including brands such as MEGA , UNO , Toy Story ( Disney Pixar ), Jurassic World ( NBCUniversal ), WWE , and Star Wars (Disney) . Segment Data Mattel's operating segments are: (i) North America, which consists of the U.S. and Canada; (ii) International; and (iii) American Girl. The North America and International segments sell products across categories, although some products are developed and adapted for particular international markets. The following tables present information about revenues, income (loss), 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" and reconciled to net sales in the tables below). Mattel records these adjustments in its financial accounting systems at the time of sale to each customer, but the adjustments generally are not associated with categories, brands, and individual products. For this reason, Mattel's Chief Operating Decision Maker uses total net sales and gross sales by segment as measures to evaluate segment performance. Sales adjustments are included in the determination of segment income (loss) from operations based on the adjustments recorded in the financial accounting systems. Segment income (loss) represents each segment's operating income (loss), while consolidated operating loss represents loss from operations before net interest, other non-operating expense (income), net, and income taxes as reported in the consolidated statements of operations. The corporate and other expense category includes costs not allocated to individual segments, including charges related to incentive compensation, severance and other restructuring costs, share-based compensation, corporate headquarters functions managed on a worldwide basis, and the impact of changes in foreign currency exchange rates on intercompany transactions. For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Revenues by Segment North America $ 461,550 $ 447,354 $ 767,302 $ 816,745 International 323,944 480,507 650,064 845,685 American Girl 29,066 34,405 67,159 79,962 Gross sales 814,560 962,266 1,484,525 1,742,392 Sales adjustments (82,424) (102,203) (158,319) (193,083) Net sales $ 732,136 $ 860,063 $ 1,326,206 $ 1,549,309 For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Segment Income (Loss) North America (a) $ 77,920 $ 28,297 $ 85,951 $ 8,556 International (a) (9,767) (3,507) (43,848) (27,810) American Girl (13,858) (16,305) (31,299) (30,364) 54,295 8,485 10,804 (49,618) Corporate and other expense (b) (100,436) (59,901) (206,756) (128,809) Operating loss (46,141) (51,416) (195,952) (178,427) Interest expense 49,615 46,234 98,595 93,192 Interest (income) (1,025) (1,532) (3,108) (3,804) Other non-operating expense (income), net 1,602 (294) 3,743 1,610 Loss before income taxes $ (96,333) $ (95,824) $ (295,182) $ (269,425) _______________________________________ (a) Segment income (loss) included severance and restructuring expenses of $1.4 million and $4.5 million, for the three and six months ended June 30, 2020, respectively, and $3.5 million, for the three and six months ended June 30, 2019, respectively, which were allocated to the North America and International segments. Segment income (loss) for the three and six months ended June 30, 2019 also included charges of $3.1 million and $30.4 million, respectively, attributable to the inclined sleeper product recalls, substantially all of which was recorded in the North America segment. (b) Corporate and other expense included severance and restructuring charges of $16.2 million and $23.8 million, for the three and six months ended June 30, 2020, respectively, and $14.4 million and $23.1 million, for the three and six months ended June 30, 2019. Corporate and other expense also included expenses related to inclined sleeper product recall litigation of $2.9 million and $9.1 million, for the three and six months ended June 30, 2020, respectively, and share-based compensation for the three and six months ended June 30, 2020 and June 30, 2019. Segment assets are comprised of accounts receivable and inventories, net of applicable allowances and reserves. June 30, June 30, December 31, (In thousands) Assets by Segment North America $ 620,900 $ 622,614 $ 569,819 International 520,189 677,958 721,251 American Girl 48,192 42,681 35,004 1,189,281 1,343,253 1,326,074 Corporate and other 163,813 134,839 105,789 Accounts receivable and inventories, net $ 1,353,094 $ 1,478,092 $ 1,431,863 The table below presents worldwide revenues by categories: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Revenues by Categories Dolls $ 261,023 $ 273,405 $ 486,892 $ 526,291 Infant, Toddler, and Preschool 199,824 251,996 340,144 445,622 Vehicles 158,683 214,137 344,334 397,498 Action Figures, Building Sets, Games, and Other 195,030 222,728 313,155 372,981 Gross sales 814,560 962,266 1,484,525 1,742,392 Sales adjustments (82,424) (102,203) (158,319) (193,083) Net sales $ 732,136 $ 860,063 $ 1,326,206 $ 1,549,309 The table below presents supplemental disclosure of worldwide revenues: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Revenues by Top 3 Power Brands Barbie $ 199,312 $ 186,531 $ 346,797 $ 350,009 Hot Wheels 136,479 175,199 295,097 325,735 Fisher-Price and Thomas & Friends 176,259 222,409 305,009 394,807 Other 302,510 378,127 537,622 671,841 Gross sales 814,560 962,266 1,484,525 1,742,392 Sales adjustments (82,424) (102,203) (158,319) (193,083) Net sales $ 732,136 $ 860,063 $ 1,326,206 $ 1,549,309 Geographic Information The table below presents information by geographic area. Revenues are attributed to countries based on location of the customer. For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Revenues by Geographic Area North America $ 490,616 $ 481,759 $ 834,461 $ 896,707 International EMEA 184,018 234,107 399,305 450,456 Latin America 67,690 141,310 127,351 216,560 Asia Pacific 72,236 105,090 123,408 178,669 Total International 323,944 480,507 650,064 845,685 Gross sales 814,560 962,266 1,484,525 1,742,392 Sales adjustments (82,424) (102,203) (158,319) (193,083) Net sales $ 732,136 $ 860,063 $ 1,326,206 $ 1,549,309

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which changes the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. This update replaces the existing incurred loss impairment model with an expected loss model (referred to as the Current Expected Credit Loss model, or "CECL"). In November 2018, the FASB issued ASU 2018-19, Codifications Improvements to Topic 326, Financial Instruments-Credit Losses, which clarifies that receivables arising from operating leases are accounted for using lease guidance and not as financial instruments. Mattel adopted ASU 2016-13 and its related amendments (ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-10, ASU 2019-11, and ASU 2020-02) on January 1, 2020. The adoption of this new accounting standard and its related amendments did not have a material impact on Mattel's consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement , which modifies the disclosure requirements on fair value measurements, including the consideration of costs and benefits. ASU 2018-13 was effective for interim and annual reporting periods beginning on January 1, 2020. The amendments on changes in unrealized gains and losses, the range and weighted-average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty are applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments are applied retrospectively to all periods presented upon their effective date. Mattel adopted ASU 2018-13 on January 1, 2020. The adoption of this new accounting standard did not have a material impact on Mattel's consolidated financial statements. In March 2019, the FASB issued ASU 2019-02, Entertainment - Films - Other Assets - Film Costs (Subtopic 926-20) and Entertainment - Broadcasters - Intangibles - Goodwill and Other (Subtopic 920-350): Improvements to Accounting for Costs of Films and License Agreements for Program Materials , which aligns the accounting for production costs of episodic television series with the accounting of films by removing the content distinction for capitalization. Mattel adopted ASU 2019-02 on January 1, 2020. The adoption of this new accounting standard did not have a material impact on Mattel's consolidated financial statements. Accounting Pronouncements Not Yet Adopted In August 2018, the FASB issued ASU 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans , which modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. ASU 2018-14 will become effective for the fiscal year beginning on January 1, 2021. Early adoption is permitted and the amendments will be applied on a retrospective basis to all periods presented. Mattel is currently evaluating the impact of the adoption of ASU 2018-14 on its consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , which simplifies the accounting for incomes taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify the accounting for other areas of Topic 740 by clarifying and amending existing guidance. ASU 2019-12 will become effective for the fiscal year beginning on January 1, 2021. Early adoption is permitted. The amendments related to changes in ownership of foreign equity method investments or foreign subsidiaries will be applied on a modified retrospective basis through a cumulative effect adjustment to retained earnings as of January 1, 2007. The amendments related to franchise taxes that are partially based on income will be applied on either a retrospective basis for all periods presented or a modified retrospective basis through a cumulative effect adjustment to retained earnings as of January 1, 2007. All other amendments will be applied on a prospective basis. Mattel is currently evaluating the impact of the adoption of ASU 2019-12 on its consolidated financial statements.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
Basis of Presentation	The accompanying unaudited consolidated financial statements and related disclosures have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") applicable to interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. In the opinion of management, all adjustments, consisting of only those of a normal recurring nature, considered necessary for a fair statement of the financial position and interim results of Mattel, Inc. and its subsidiaries ("Mattel") as of and for the periods presented have been included.
Recently Adopted Accounting Pronouncements and Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which changes the methodology for measuring credit losses on financial instruments and the timing of when such losses are recorded. This update replaces the existing incurred loss impairment model with an expected loss model (referred to as the Current Expected Credit Loss model, or "CECL"). In November 2018, the FASB issued ASU 2018-19, Codifications Improvements to Topic 326, Financial Instruments-Credit Losses, which clarifies that receivables arising from operating leases are accounted for using lease guidance and not as financial instruments. Mattel adopted ASU 2016-13 and its related amendments (ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-10, ASU 2019-11, and ASU 2020-02) on January 1, 2020. The adoption of this new accounting standard and its related amendments did not have a material impact on Mattel's consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement , which modifies the disclosure requirements on fair value measurements, including the consideration of costs and benefits. ASU 2018-13 was effective for interim and annual reporting periods beginning on January 1, 2020. The amendments on changes in unrealized gains and losses, the range and weighted-average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty are applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments are applied retrospectively to all periods presented upon their effective date. Mattel adopted ASU 2018-13 on January 1, 2020. The adoption of this new accounting standard did not have a material impact on Mattel's consolidated financial statements. In March 2019, the FASB issued ASU 2019-02, Entertainment - Films - Other Assets - Film Costs (Subtopic 926-20) and Entertainment - Broadcasters - Intangibles - Goodwill and Other (Subtopic 920-350): Improvements to Accounting for Costs of Films and License Agreements for Program Materials , which aligns the accounting for production costs of episodic television series with the accounting of films by removing the content distinction for capitalization. Mattel adopted ASU 2019-02 on January 1, 2020. The adoption of this new accounting standard did not have a material impact on Mattel's consolidated financial statements. Accounting Pronouncements Not Yet Adopted In August 2018, the FASB issued ASU 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans , which modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. ASU 2018-14 will become effective for the fiscal year beginning on January 1, 2021. Early adoption is permitted and the amendments will be applied on a retrospective basis to all periods presented. Mattel is currently evaluating the impact of the adoption of ASU 2018-14 on its consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , which simplifies the accounting for incomes taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify the accounting for other areas of Topic 740 by clarifying and amending existing guidance. ASU 2019-12 will become effective for the fiscal year beginning on January 1, 2021. Early adoption is permitted. The amendments related to changes in ownership of foreign equity method investments or foreign subsidiaries will be applied on a modified retrospective basis through a cumulative effect adjustment to retained earnings as of January 1, 2007. The amendments related to franchise taxes that are partially based on income will be applied on either a retrospective basis for all periods presented or a modified retrospective basis through a cumulative effect adjustment to retained earnings as of January 1, 2007. All other amendments will be applied on a prospective basis. Mattel is currently evaluating the impact of the adoption of ASU 2019-12 on its consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories include the following: June 30, June 30, December 31, (In thousands) Raw materials and work in process $ 139,256 $ 129,937 $ 103,123 Finished goods 563,336 592,457 392,381 $ 702,592 $ 722,394 $ 495,504

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant, and Equipment	Property, plant, and equipment, net includes the following: June 30, June 30, December 31, (In thousands) Land $ 24,938 $ 25,133 $ 25,112 Buildings 295,948 298,768 302,956 Machinery and equipment 753,388 873,294 812,509 Software 370,392 409,209 364,391 Tools, dies, and molds 601,811 818,166 747,706 Leasehold improvements 179,545 237,150 183,250 2,226,022 2,661,720 2,435,924 Less: accumulated depreciation (1,719,467) (2,065,882) (1,885,785) $ 506,555 $ 595,838 $ 550,139

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The change in the carrying amount of goodwill by operating segment for the six months ended June 30, 2020 is shown below. Brand-specific goodwill held by foreign subsidiaries is allocated to the North America segment, thereby causing a foreign currency translation impact. December 31, Currency June 30, (In thousands) North America $ 732,430 $ (1,957) $ 730,473 International 450,713 (5,899) 444,814 American Girl 207,571 — 207,571 $ 1,390,714 $ (7,856) $ 1,382,858

Other Noncurrent Assets (Tables

Other Noncurrent Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Noncurrent Assets	Other noncurrent assets include the following: June 30, June 30, December 31, (In thousands) Identifiable intangible assets (net of accumulated amortization of $267.7 million, $228.2 million, and $248.0 million, respectively) $ 524,153 $ 566,737 $ 553,114 Deferred income taxes 59,827 49,937 67,900

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities include the following: June 30, June 30, December 31, (In thousands) Current lease liabilities $ 81,225 $ 75,071 $ 74,065 Advertising and promotion 62,025 63,516 93,804 Royalties 30,998 52,683 94,228

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt includes the following: June 30, June 30, December 31, (In thousands) 2010 Senior Notes due October 2020 $ — $ 250,000 $ — 2010 Senior Notes due October 2040 250,000 250,000 250,000 2011 Senior Notes due November 2041 300,000 300,000 300,000 2013 Senior Notes due March 2023 250,000 250,000 250,000 2016 Senior Notes due August 2021 — 350,000 — 2017/2018 Senior Notes due December 2025 1,500,000 1,500,000 1,500,000 2019 Senior Notes due December 2027 600,000 — 600,000 Debt issuance costs and debt discount (49,159) (44,806) (53,249) $ 2,850,841 $ 2,855,194 $ 2,846,751

Other Noncurrent Liabilities (T

Other Noncurrent Liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Schedule of Other Noncurrent Liabilities	Other noncurrent liabilities include the following: June 30, June 30, December 31, (In thousands) Benefit plan liabilities $ 209,501 $ 184,220 $ 212,280 Noncurrent income tax liabilities 125,944 138,018 125,515

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	The following tables present changes in the accumulated balances for each component of other comprehensive income (loss), including other comprehensive income (loss) and reclassifications out of accumulated other comprehensive income (loss) for each period: For the Three Months Ended June 30, 2020 Derivative Available-for-Sale Security Employee Currency Total (In thousands) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2020 $ 17,021 $ (8,065) $ (166,797) $ (848,042) $ (1,005,883) Other comprehensive income (loss) before reclassifications 4,704 (80) (1,203) 26,843 30,264 Amounts reclassified from accumulated other comprehensive income (loss) (3,699) — 1,721 — (1,978) Net increase (decrease) in other comprehensive income (loss) 1,005 (80) 518 26,843 28,286 Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2020 $ 18,026 $ (8,145) $ (166,279) $ (821,199) $ (977,597) For the Six Months Ended June 30, 2020 Derivative Available-for-Sale Security Employee Currency Total (In thousands) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2019 $ 11,041 $ (8,260) $ (169,857) $ (702,408) $ (869,484) Other comprehensive income (loss) before reclassifications 13,894 115 499 (118,791) (104,283) Amounts reclassified from accumulated other comprehensive income (loss) (6,909) — 3,079 — (3,830) Net increase (decrease) in other comprehensive income (loss) 6,985 115 3,578 (118,791) (108,113) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2020 $ 18,026 $ (8,145) $ (166,279) $ (821,199) $ (977,597) For the Three Months Ended June 30, 2019 Derivative Available-for-Sale Security Employee Currency Total (In thousands) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2019 $ 16,470 $ (4,670) $ (142,540) $ (707,194) $ (837,934) Other comprehensive income (loss) before reclassifications 3,254 (1,944) (618) (1,170) (478) Amounts reclassified from accumulated other comprehensive income (loss) (2,492) — 1,242 — (1,250) Net increase (decrease) in other comprehensive income (loss) 762 (1,944) 624 (1,170) (1,728) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2019 $ 17,232 $ (6,614) $ (141,916) $ (708,364) $ (839,662) For the Six Months Ended June 30, 2019 Derivative Available-for-Sale Security Employee Currency Total (In thousands) Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2018 $ 11,411 $ (6,547) $ (142,763) $ (721,327) $ (859,226) Other comprehensive income (loss) before reclassifications 9,072 (67) (1,824) 12,963 20,144 Amounts reclassified from accumulated other comprehensive income (loss) (3,251) — 2,671 — (580) Net increase (decrease) in other comprehensive income (loss) 5,821 (67) 847 12,963 19,564 Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2019 $ 17,232 $ (6,614) $ (141,916) $ (708,364) $ (839,662)
Schedule of Consolidated Statement of Operations Line Items Affected by Reclassifications from Accumulated Other Comprehensive Income (Loss)	The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations: For the Three Months Ended June 30, June 30, Statements of Operations (In thousands) Derivative Instruments Gain on foreign currency forward exchange contracts and other $ 3,622 $ 2,675 Cost of sales Tax effect 77 (183) Provision for income taxes $ 3,699 $ 2,492 Net loss Employee Benefit Plans Amortization of prior service credit (a) $ 466 $ 493 Other non-operating expense (income), net Recognized actuarial loss (a) (2,337) (1,735) Other non-operating expense (income), net (1,871) (1,242) Tax effect 150 — Provision for income taxes $ (1,721) $ (1,242) Net loss For the Six Months Ended June 30, June 30, Statements of Operations (In thousands) Derivative Instruments Gain on foreign currency forward exchange contracts and other $ 6,814 $ 3,602 Cost of sales Tax effect 95 (351) Provision for income taxes $ 6,909 $ 3,251 Net loss Employee Benefit Plans Amortization of prior service credit (a) $ 932 $ 986 Other non-operating expense (income), net Recognized actuarial loss (a) (4,677) (3,472) Other non-operating expense (income), net (3,745) (2,486) Tax effect 666 (185) Provision for income taxes $ (3,079) $ (2,671) Net loss _______________________________________ (a) The amortization of prior service credit and recognized actuarial loss are included in the computation of net periodic benefit cost. Refer to "Note 15 to the Consolidated Financial Statements—Employee Benefit Plans" of this Quarterly Report on Form 10-Q for additional information regarding Mattel's net periodic benefit cost.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
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 Fair Value Balance Sheet Classification June 30, June 30, December 31, (In thousands) Derivatives designated as hedging instruments Foreign currency forward exchange contracts and other $ 11,731 $ 13,620 $ 10,227 Prepaid expenses and other current assets Foreign currency forward exchange contracts and other 1,237 2,573 715 Other noncurrent assets Total derivatives designated as hedging instruments $ 12,968 $ 16,193 $ 10,942 Derivatives not designated as hedging instruments Foreign currency forward exchange contracts and other $ 786 $ 929 $ 4,060 Prepaid expenses and other current assets $ 13,754 $ 17,122 $ 15,002 Derivative Liabilities Fair Value Balance Sheet Classification June 30, June 30, December 31, (In thousands) Derivatives designated as hedging instruments Foreign currency forward exchange contracts and other $ 1,973 $ 949 $ 2,500 Accrued liabilities Foreign currency forward exchange contracts and other 1,241 363 213 Other noncurrent liabilities Total derivatives designated as hedging instruments $ 3,214 $ 1,312 $ 2,713 Derivatives not designated as hedging instruments Foreign currency forward exchange contracts and other $ 5,280 $ 467 $ 263 Accrued liabilities Foreign currency forward exchange contracts and other 185 — — Other noncurrent liabilities Total derivatives not designated as hedging instruments $ 5,465 $ 467 $ 263 $ 8,679 $ 1,779 $ 2,976
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: For the Three Months Ended June 30, 2020 June 30, 2019 Statements of Amount of Gain Recognized in OCI Amount of Gain Reclassified from Accumulated OCI to Statement of Operations Amount of Gain Recognized in OCI Amount of Gain Reclassified from Accumulated OCI to Statement of Operations (In thousands) Derivatives designated as hedging instruments Foreign currency forward exchange contracts and other $ 4,704 $ 3,699 $ 3,254 $ 2,492 Cost of sales For the Six Months Ended June 30, 2020 June 30, 2019 Amount of Gain Recognized in OCI Amount of Gain Reclassified from Accumulated OCI to Statement of Operations Amount of Gain Recognized in OCI Amount of Gain Reclassified from Accumulated OCI to Statement of Operations Statements of (In thousands) Derivatives designated as hedging instruments Foreign currency forward exchange contracts and other $ 13,894 $ 6,909 $ 9,072 $ 3,251 Cost of sales
Schedule of Derivatives Not Designated as Hedging Instruments by Classification and Amount of Gains and Losses	Amount of Gain Recognized in the Statements of Operations Statements of Operations For the Three Months Ended June 30, June 30, (In thousands) Derivatives not designated as hedging instruments Foreign currency forward exchange contracts and other $ 8,121 $ 4,366 Other non-operating expense (income), net Amount of (Loss) Gain Recognized in the Statements of Operations Statements of Operations For the Six Months Ended June 30, June 30, (In thousands) Derivatives not designated as hedging instruments Foreign currency forward exchange contracts and other $ (30,247) $ 3,868 Other non-operating expense (income), net

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities	Mattel's financial assets and liabilities include the following: June 30, 2020 Level 1 Level 2 Level 3 Total (In thousands) Assets Foreign currency forward exchange contracts and other (a) $ — $ 13,754 $ — $ 13,754 Available-for-sale security (b) 3,645 — — 3,645 Total assets $ 3,645 $ 13,754 $ — $ 17,399 Liabilities Foreign currency forward exchange contracts and other (a) $ — $ 8,679 $ — $ 8,679 June 30, 2019 Level 1 Level 2 Level 3 Total (In thousands) Assets Foreign currency forward exchange contracts and other (a) $ — $ 17,122 $ — $ 17,122 Available-for-sale security (b) 5,206 — — 5,206 Total assets $ 5,206 $ 17,122 $ — $ 22,328 Liabilities Foreign currency forward exchange contracts and other (a) $ — $ 1,779 $ — $ 1,779 December 31, 2019 Level 1 Level 2 Level 3 Total (In thousands) Assets Foreign currency forward exchange contracts and other (a) $ — $ 15,002 $ — $ 15,002 Available-for-sale security (b) 3,530 — — 3,530 Total assets $ 3,530 $ 15,002 $ — $ 18,532 Liabilities Foreign currency forward exchange contracts and other (a) $ — $ 2,976 $ — $ 2,976 ____________________________________________ (a) The fair value of the foreign currency forward exchange contracts and other commodity derivative instruments 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.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The following table reconciles basic and diluted earnings per common share for the three and six months ended June 30, 2020 and 2019: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands, except per share amounts) Basic Net loss $ (109,172) $ (107,987) $ (319,914) $ (284,283) Weighted-average number of common shares 346,875 345,941 346,778 345,946 Basic net loss per common share $ (0.31) $ (0.31) $ (0.92) $ (0.82) Diluted Net loss $ (109,172) $ (107,987) $ (319,914) $ (284,283) Weighted-average number of common shares 346,875 345,941 346,778 345,946 Dilutive stock options and restricted stock units ("RSUs") (a) — — — — Weighted-average number of common and potential common shares 346,875 345,941 346,778 345,946 Diluted net loss per common share $ (0.31) $ (0.31) $ (0.92) $ (0.82) _______________________________________ (a) Mattel was in a net loss position for the three and six months ended June 30, 2020 and 2019, and, accordingly, all outstanding nonqualified stock options and RSUs were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Schedule of Components of Net Periodic Benefit Cost	A summary of the components of net periodic benefit cost for Mattel's defined benefit pension plans is as follows: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Service cost $ 1,112 $ 1,678 $ 2,221 $ 2,634 Interest cost 3,737 4,826 7,518 9,666 Expected return on plan assets (4,902) (5,434) (9,823) (10,878) Amortization of prior service cost 43 16 86 32 Recognized actuarial loss 2,356 1,831 4,715 3,664 $ 2,346 $ 2,917 $ 4,717 $ 5,118 A summary of the components of net periodic benefit credit for Mattel's postretirement benefit plans is as follows: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Interest cost $ 35 $ 50 $ 70 $ 100 Amortization of prior service credit (509) (509) (1,018) (1,018) Recognized actuarial gain (19) (96) (38) (192) $ (493) $ (555) $ (986) $ (1,110)

Share-Based Payments (Tables)

Share-Based Payments (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Stock Option and Restricted Stock Unit Compensation Expense	Compensation expense, included within other selling and administrative expenses in the consolidated statements of operations, related to stock options and RSUs is as follows: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Stock option compensation expense $ 2,376 $ 2,168 $ 5,507 $ 4,574 RSU compensation expense (a) 6,762 10,277 17,907 19,736 $ 9,138 $ 12,445 $ 23,414 $ 24,310 _______________________________________ (a) Includes compensation expense associated with Mattel's long-term incentive programs of $0.2 million and $4.0 million for the three and six months ended June 30, 2020, respectively, and $1.3 million and $2.1 million for the three and six months ended June 30, 2019, respectively.

Other Selling and Administrat_2

Other Selling and Administrative Expenses (Tables)	6 Months Ended
	Jun. 30, 2020
Other Income and Expenses [Abstract]
Schedule of Other Selling and Administrative Expenses	Other selling and administrative expenses include the following: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Design and development $ 46,486 $ 52,186 $ 91,113 $ 94,631 Identifiable intangible asset amortization 9,687 9,909 19,652 20,338

Foreign Currency Transaction _2

Foreign Currency Transaction Exposure (Tables)	6 Months Ended
	Jun. 30, 2020
Foreign Currency [Abstract]
Schedule of Currency Transaction Exposure	Currency transaction (losses) gains included in the consolidated statements of operations are as follows: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Operating loss $ (2,169) $ 672 $ (1,946) $ (3,098) Other non-operating expense (income), net (1,603) 1,117 (2,435) (551) Currency transaction (losses) gains, net $ (3,772) $ 1,789 $ (4,381) $ (3,649)

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Charges	In connection with the Capital Light program, Mattel recorded severance and other restructuring charges within the consolidated statements of operations as follows: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Cost of sales (a) $ 1,407 $ 3,483 $ 4,464 $ 3,483 Other selling and administrative expenses (b) 1,374 7,971 4,120 7,971 $ 2,781 $ 11,454 $ 8,584 $ 11,454 _______________________________________ (a) Severance and other restructuring costs recorded within cost of sales in the consolidated statements of operations include charges associated with the consolidation of manufacturing facilities. (b) Severance and other restructuring costs recorded within other selling and administrative expenses in the consolidated statements of operations are included in corporate and other expense in "Note 22 to the Consolidated Financial Statements—Segment Information." The following table summarizes Mattel's severance and other restructuring charges activity related to the Capital Light program for the six months ended June 30, 2020: Liability at December 31, 2019 Charges (a) Payments/Utilization Liability at (In thousands) Severance $ 6,151 $ 4,120 $ (1,865) $ 8,406 Other restructuring charges 11,484 4,464 (6,906) 9,042 $ 17,635 $ 8,584 $ (8,771) $ 17,448 _______________________________________ (a) Other restructuring charges consist primarily of expenses associated with the consolidation of manufacturing facilities. The following table summarizes Mattel's severance charges activity related to other cost savings actions for the six months ended June 30, 2020: Liability at December 31, 2019 Charges (a) Payments/Utilization Liability at (In thousands) Severance (a) $ — $ 14,505 $ (4,947) $ 9,558 _______________________________________ (a) Severance charges recorded within other selling and administrative expenses in the consolidated statements of operations are included in corporate and other expense in "Note 22 to the Consolidated Financial Statements—Segment Information."

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Revenues from Segment to Consolidated	The following tables present information about revenues, income (loss), 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" and reconciled to net sales in the tables below). Mattel records these adjustments in its financial accounting systems at the time of sale to each customer, but the adjustments generally are not associated with categories, brands, and individual products. For this reason, Mattel's Chief Operating Decision Maker uses total net sales and gross sales by segment as measures to evaluate segment performance. Sales adjustments are included in the determination of segment income (loss) from operations based on the adjustments recorded in the financial accounting systems. Segment income (loss) represents each segment's operating income (loss), while consolidated operating loss represents loss from operations before net interest, other non-operating expense (income), net, and income taxes as reported in the consolidated statements of operations. The corporate and other expense category includes costs not allocated to individual segments, including charges related to incentive compensation, severance and other restructuring costs, share-based compensation, corporate headquarters functions managed on a worldwide basis, and the impact of changes in foreign currency exchange rates on intercompany transactions. For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Revenues by Segment North America $ 461,550 $ 447,354 $ 767,302 $ 816,745 International 323,944 480,507 650,064 845,685 American Girl 29,066 34,405 67,159 79,962 Gross sales 814,560 962,266 1,484,525 1,742,392 Sales adjustments (82,424) (102,203) (158,319) (193,083) Net sales $ 732,136 $ 860,063 $ 1,326,206 $ 1,549,309 For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Segment Income (Loss) North America (a) $ 77,920 $ 28,297 $ 85,951 $ 8,556 International (a) (9,767) (3,507) (43,848) (27,810) American Girl (13,858) (16,305) (31,299) (30,364) 54,295 8,485 10,804 (49,618) Corporate and other expense (b) (100,436) (59,901) (206,756) (128,809) Operating loss (46,141) (51,416) (195,952) (178,427) Interest expense 49,615 46,234 98,595 93,192 Interest (income) (1,025) (1,532) (3,108) (3,804) Other non-operating expense (income), net 1,602 (294) 3,743 1,610 Loss before income taxes $ (96,333) $ (95,824) $ (295,182) $ (269,425) _______________________________________ (a) Segment income (loss) included severance and restructuring expenses of $1.4 million and $4.5 million, for the three and six months ended June 30, 2020, respectively, and $3.5 million, for the three and six months ended June 30, 2019, respectively, which were allocated to the North America and International segments. Segment income (loss) for the three and six months ended June 30, 2019 also included charges of $3.1 million and $30.4 million, respectively, attributable to the inclined sleeper product recalls, substantially all of which was recorded in the North America segment. (b) Corporate and other expense included severance and restructuring charges of $16.2 million and $23.8 million, for the three and six months ended June 30, 2020, respectively, and $14.4 million and $23.1 million, for the three and six months ended June 30, 2019. Corporate and other expense also included expenses related to inclined sleeper product recall litigation of $2.9 million and $9.1 million, for the three and six months ended June 30, 2020, respectively, and share-based compensation for the three and six months ended June 30, 2020 and June 30, 2019.
Schedule of Segment Assets	Segment assets are comprised of accounts receivable and inventories, net of applicable allowances and reserves. June 30, June 30, December 31, (In thousands) Assets by Segment North America $ 620,900 $ 622,614 $ 569,819 International 520,189 677,958 721,251 American Girl 48,192 42,681 35,004 1,189,281 1,343,253 1,326,074 Corporate and other 163,813 134,839 105,789 Accounts receivable and inventories, net $ 1,353,094 $ 1,478,092 $ 1,431,863
Schedule of Worldwide Revenues	The table below presents worldwide revenues by categories: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Revenues by Categories Dolls $ 261,023 $ 273,405 $ 486,892 $ 526,291 Infant, Toddler, and Preschool 199,824 251,996 340,144 445,622 Vehicles 158,683 214,137 344,334 397,498 Action Figures, Building Sets, Games, and Other 195,030 222,728 313,155 372,981 Gross sales 814,560 962,266 1,484,525 1,742,392 Sales adjustments (82,424) (102,203) (158,319) (193,083) Net sales $ 732,136 $ 860,063 $ 1,326,206 $ 1,549,309 The table below presents supplemental disclosure of worldwide revenues: For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Revenues by Top 3 Power Brands Barbie $ 199,312 $ 186,531 $ 346,797 $ 350,009 Hot Wheels 136,479 175,199 295,097 325,735 Fisher-Price and Thomas & Friends 176,259 222,409 305,009 394,807 Other 302,510 378,127 537,622 671,841 Gross sales 814,560 962,266 1,484,525 1,742,392 Sales adjustments (82,424) (102,203) (158,319) (193,083) Net sales $ 732,136 $ 860,063 $ 1,326,206 $ 1,549,309
Schedule of Revenues by Geographic Area	The table below presents information by geographic area. Revenues are attributed to countries based on location of the customer. For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, (In thousands) Revenues by Geographic Area North America $ 490,616 $ 481,759 $ 834,461 $ 896,707 International EMEA 184,018 234,107 399,305 450,456 Latin America 67,690 141,310 127,351 216,560 Asia Pacific 72,236 105,090 123,408 178,669 Total International 323,944 480,507 650,064 845,685 Gross sales 814,560 962,266 1,484,525 1,742,392 Sales adjustments (82,424) (102,203) (158,319) (193,083) Net sales $ 732,136 $ 860,063 $ 1,326,206 $ 1,549,309

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Receivables [Abstract]
Accounts receivable, allowances for credit losses	$ 18.7	$ 18.5	$ 21.3

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Inventory Disclosure [Abstract]
Raw materials and work in process	$ 139,256	$ 103,123	$ 129,937
Finished goods	563,336	392,381	592,457
Inventories	$ 702,592	$ 495,504	$ 722,394

Property, Plant, and Equipmen_2

Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	$ 2,226,022	$ 2,435,924	$ 2,661,720
Less: accumulated depreciation	(1,719,467)	(1,885,785)	(2,065,882)
Property, plant, and equipment, net	506,555	550,139	595,838
Land
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	24,938	25,112	25,133
Buildings
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	295,948	302,956	298,768
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	753,388	812,509	873,294
Software
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	370,392	364,391	409,209
Tools, dies, and molds
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	601,811	747,706	818,166
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross	179,545	183,250	$ 237,150
Land and building | Discontinued Operations, Held-for-sale
Property, Plant and Equipment [Line Items]
Disposal group, asset, book value	$ 8,400	$ 12,100

Goodwill (Details)

Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 1,390,714
Currency exchange rate impact	(7,856)
Balance at end of period	1,382,858
North America
Goodwill [Roll Forward]
Balance at beginning of period	732,430
Currency exchange rate impact	(1,957)
Balance at end of period	730,473
International
Goodwill [Roll Forward]
Balance at beginning of period	450,713
Currency exchange rate impact	(5,899)
Balance at end of period	444,814
American Girl
Goodwill [Roll Forward]
Balance at beginning of period	207,571
Currency exchange rate impact	0
Balance at end of period	$ 207,571

Other Noncurrent Assets - Sched

Other Noncurrent Assets - Schedule of Other Noncurrent Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Identifiable intangible assets (net of accumulated amortization of $267.7 million, $228.2 million, and $248.0 million, respectively)	$ 524,153	$ 553,114	$ 566,737
Deferred income taxes	59,827	67,900	49,937
Other noncurrent assets	794,724	833,212	832,127
Identifiable intangible assets, accumulated amortization	$ 267,700	$ 248,000	$ 228,200

Other Noncurrent Assets - Narra

Other Noncurrent Assets - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Impairment of intangible assets	$ 0	$ 0	$ 0	$ 0

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Payables and Accruals [Abstract]
Current lease liabilities	$ 81,225	$ 74,065	$ 75,071
Advertising and promotion	62,025	93,804	63,516
Royalties	$ 30,998	$ 94,228	$ 52,683

Seasonal Financing (Details)

Seasonal Financing (Details)	Dec. 20, 2017USD ($)trading_day	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)
Debt Instrument [Line Items]
Short-term borrowings		$ 400,000,000	$ 0	$ 45,000,000
Outstanding borrowings			0	0
Credit Agreement
Debt Instrument [Line Items]
Outstanding letters of credit		13,000,000	$ 55,000,000	$ 70,000,000
Revolving Credit Facility | Credit Agreement
Debt Instrument [Line Items]
Aggregate commitment under the credit facility		1,600,000,000
Interest coverage ratio minimum for covenant compliance	1
Excess availability under credit facility	$ 100,000,000	$ 100,000,000
Availability threshold (as a percent)	10.00%
Threshold consecutive trading days | trading_day	30
Revolving Credit Facility | Credit Agreement | Minimum | LIBOR
Debt Instrument [Line Items]
Interest rate margin for loans (as a percent)		1.25%
Revolving Credit Facility | Credit Agreement | Minimum | Base Rate
Debt Instrument [Line Items]
Interest rate margin for loans (as a percent)		0.25%
Revolving Credit Facility | Credit Agreement | Maximum | LIBOR
Debt Instrument [Line Items]
Interest rate margin for loans (as a percent)		2.75%
Revolving Credit Facility | Credit Agreement | Maximum | Base Rate
Debt Instrument [Line Items]
Interest rate margin for loans (as a percent)		1.75%
Revolving Credit Facility, Asset Based | Credit Agreement
Debt Instrument [Line Items]
Aggregate commitment under the credit facility		$ 1,310,000,000
Revolving Credit Facility, Secured | Credit Agreement
Debt Instrument [Line Items]
Aggregate commitment under the credit facility		$ 294,000,000

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Debt Instrument [Line Items]
Long-term debt	$ 2,900,000	$ 2,900,000	$ 2,900,000
Debt issuance costs and debt discount	(49,159)	(53,249)	(44,806)
Long-term debt	2,850,841	2,846,751	2,855,194
2010 Senior Notes due October 2020 | Senior Notes
Debt Instrument [Line Items]
Long-term debt	0	0	250,000
2010 Senior Notes due October 2040 | Senior Notes
Debt Instrument [Line Items]
Long-term debt	250,000	250,000	250,000
2011 Senior Notes due November 2041 | Senior Notes
Debt Instrument [Line Items]
Long-term debt	300,000	300,000	300,000
2013 Senior Notes due March 2023 | Senior Notes
Debt Instrument [Line Items]
Long-term debt	250,000	250,000	250,000
2016 Senior Notes due August 2021 | Senior Notes
Debt Instrument [Line Items]
Long-term debt	0	0	350,000
2017/2018 Senior Notes due December 2025 | Senior Notes
Debt Instrument [Line Items]
Long-term debt	1,500,000	1,500,000	1,500,000
2019 Senior Notes due December 2027 | Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 600,000	$ 600,000	$ 0

Other Noncurrent Liabilities (D

Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Payables and Accruals [Abstract]
Benefit plan liabilities	$ 209,501	$ 212,280	$ 184,220
Noncurrent income tax liabilities	$ 125,944	$ 125,515	$ 138,018

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Balances (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 157,883	$ 491,714	$ 523,375	$ 666,901	$ 491,714	$ 666,901
Other comprehensive income (loss) before reclassifications	30,264		(478)		(104,283)	20,144
Amounts reclassified from accumulated other comprehensive income (loss)	(1,978)		(1,250)		(3,830)	(580)
Other Comprehensive Income (Loss), Net of Tax	28,286	(136,399)	(1,728)	21,292	(108,113)	19,564
Ending balance	86,148	157,883	426,195	523,375	86,148	426,195
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,005,883)	(869,484)	(837,934)	(859,226)	(869,484)	(859,226)
Other Comprehensive Income (Loss), Net of Tax	28,286	(136,399)	(1,728)	21,292
Ending balance	(977,597)	(1,005,883)	(839,662)	(837,934)	(977,597)	(839,662)
Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	17,021	11,041	16,470	11,411	11,041	11,411
Other comprehensive income (loss) before reclassifications	4,704		3,254		13,894	9,072
Amounts reclassified from accumulated other comprehensive income (loss)	(3,699)		(2,492)		(6,909)	(3,251)
Other Comprehensive Income (Loss), Net of Tax	1,005		762		6,985	5,821
Ending balance	18,026	17,021	17,232	16,470	18,026	17,232
Available-for-Sale Security
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(8,065)	(8,260)	(4,670)	(6,547)	(8,260)	(6,547)
Other comprehensive income (loss) before reclassifications	(80)		(1,944)		115	(67)
Amounts reclassified from accumulated other comprehensive income (loss)	0		0		0	0
Other Comprehensive Income (Loss), Net of Tax	(80)		(1,944)		115	(67)
Ending balance	(8,145)	(8,065)	(6,614)	(4,670)	(8,145)	(6,614)
Employee  Benefit Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(166,797)	(169,857)	(142,540)	(142,763)	(169,857)	(142,763)
Other comprehensive income (loss) before reclassifications	(1,203)		(618)		499	(1,824)
Amounts reclassified from accumulated other comprehensive income (loss)	1,721		1,242		3,079	2,671
Other Comprehensive Income (Loss), Net of Tax	518		624		3,578	847
Ending balance	(166,279)	(166,797)	(141,916)	(142,540)	(166,279)	(141,916)
Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(848,042)	(702,408)	(707,194)	(721,327)	(702,408)	(721,327)
Other comprehensive income (loss) before reclassifications	26,843		(1,170)		(118,791)	12,963
Amounts reclassified from accumulated other comprehensive income (loss)	0		0		0	0
Other Comprehensive Income (Loss), Net of Tax	26,843		(1,170)		(118,791)	12,963
Ending balance	$ (821,199)	$ (848,042)	$ (708,364)	$ (707,194)	$ (821,199)	$ (708,364)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Reclassification from AOCI (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Provision for income taxes	$ (12,839)		$ (12,163)		$ (24,732)	$ (14,858)
Other non-operating expense (income), net	(1,602)		294		(3,743)	(1,610)
Loss before income taxes	(96,333)		(95,824)		(295,182)	(269,425)
Net Loss	(109,172)	$ (210,741)	(107,987)	$ (176,296)	(319,914)	(284,283)
Reclassification Out of Accumulated Other Comprehensive Income (Loss) | Derivative Instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of sales	3,622		2,675		6,814	3,602
Provision for income taxes	77		(183)		95	(351)
Net Loss	3,699		2,492		6,909	3,251
Reclassification Out of Accumulated Other Comprehensive Income (Loss) | Employee Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Provision for income taxes	150		0		666	(185)
Loss before income taxes	(1,871)		(1,242)		(3,745)	(2,486)
Net Loss	1,721		1,242		3,079	2,671
Reclassification Out of Accumulated Other Comprehensive Income (Loss) | Amortization of prior service credit
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-operating expense (income), net	466		493		932	986
Reclassification Out of Accumulated Other Comprehensive Income (Loss) | Recognized actuarial loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-operating expense (income), net	$ (2,337)		$ (1,735)		$ (4,677)	$ (3,472)

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Income (Loss) - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Currency translation adjustments (loss) gain	$ 28,286	$ (136,399)	$ (1,728)	$ 21,292	$ (108,113)	$ 19,564
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Currency translation adjustments (loss) gain	$ 26,843		$ (1,170)		$ (118,791)	$ 12,963

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - Foreign currency forward exchange contracts and other - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount	$ 1,170	$ 742	$ 1,060
Maximum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative term of contracts	18 months

Derivative Instruments - Assets

Derivative Instruments - Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$ 13,754	$ 15,002	$ 17,122
Derivative liabilities, fair value	8,679	2,976	1,779
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	12,968	10,942	16,193
Derivative liabilities, fair value	3,214	2,713	1,312
Derivatives designated as hedging instruments | Foreign currency forward exchange contracts and other | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	11,731	10,227	13,620
Derivatives designated as hedging instruments | Foreign currency forward exchange contracts and other | Other noncurrent assets
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	1,237	715	2,573
Derivatives designated as hedging instruments | Foreign currency forward exchange contracts and other | Accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	1,973	2,500	949
Derivatives designated as hedging instruments | Foreign currency forward exchange contracts and other | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	1,241	213	363
Derivatives not designated as hedging instruments | Foreign currency forward exchange contracts and other
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	5,465	263	467
Derivatives not designated as hedging instruments | Foreign currency forward exchange contracts and other | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	786	4,060	929
Derivatives not designated as hedging instruments | Foreign currency forward exchange contracts and other | Accrued liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	5,280	263	467
Derivatives not designated as hedging instruments | Foreign currency forward exchange contracts and other | Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	$ 185	$ 0	$ 0

Derivative Instruments - Design

Derivative Instruments - Designated as Hedging Instruments by Classification and Amount of Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivatives designated as hedging instruments | Foreign currency forward exchange contracts and other | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in OCI		$ 3,254		$ 9,072
Amount of Gain Reclassified from Accumulated OCI to Statement of Operations		$ 2,492		$ 3,251
Reclassification Out of Accumulated Other Comprehensive Income (Loss) | Derivative Instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in OCI	$ 4,704		$ 13,894
Amount of Gain Reclassified from Accumulated OCI to Statement of Operations	$ 3,699		$ 6,909

Derivative Instruments - Not De

Derivative Instruments - Not Designated as Hedging Instruments by Classification and Amount of Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivatives not designated as hedging instruments | Foreign currency forward exchange contracts and other | Other non-operating expense (income), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in the statements of operations	$ 8,121	$ 4,366	$ (30,247)	$ 3,868

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Assets
Available-for-sale security	$ 3,645	$ 3,530	$ 5,206
Total assets	17,399	18,532	22,328
Level 1
Assets
Available-for-sale security	3,645	3,530	5,206
Total assets	3,645	3,530	5,206
Level 2
Assets
Available-for-sale security	0	0	0
Total assets	13,754	15,002	17,122
Level 3
Assets
Available-for-sale security	0	0	0
Total assets	0	0	0
Foreign currency forward exchange contracts and other
Assets
Foreign currency forward exchange contracts and other	13,754	15,002	17,122
Liabilities
Foreign currency forward exchange contracts and other	8,679	2,976	1,779
Foreign currency forward exchange contracts and other | Level 1
Assets
Foreign currency forward exchange contracts and other	0	0	0
Liabilities
Foreign currency forward exchange contracts and other	0	0	0
Foreign currency forward exchange contracts and other | Level 2
Assets
Foreign currency forward exchange contracts and other	13,754	15,002	17,122
Liabilities
Foreign currency forward exchange contracts and other	8,679	2,976	1,779
Foreign currency forward exchange contracts and other | Level 3
Assets
Foreign currency forward exchange contracts and other	0	0	0
Liabilities
Foreign currency forward exchange contracts and other	$ 0	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Estimated fair value of long-term debt	$ 2,870	$ 3,000	$ 2,810
Carrying value of long-term debt	$ 2,900	$ 2,900	$ 2,900

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Basic
Net Loss	$ (109,172)	$ (210,741)	$ (107,987)	$ (176,296)	$ (319,914)	$ (284,283)
Weighted average number of common shares (in shares)	346,875		345,941		346,778	345,946
Basic net loss per common share (USD per share)	$ (0.31)		$ (0.31)		$ (0.92)	$ (0.82)
Diluted
Net Loss	$ (109,172)	$ (210,741)	$ (107,987)	$ (176,296)	$ (319,914)	$ (284,283)
Weighted average number of common shares (in shares)	346,875		345,941		346,778	345,946
Dilutive stock options and non-participating RSUs (in shares)	0		0		0	0
Weighted average number of common and potential common shares (in shares)	346,875		345,941		346,778	345,946
Diluted net loss per common share (USD per share)	$ (0.31)		$ (0.31)		$ (0.92)	$ (0.82)

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Defined Benefit Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1,112	$ 1,678	$ 2,221	$ 2,634
Interest cost	3,737	4,826	7,518	9,666
Expected return on plan assets	(4,902)	(5,434)	(9,823)	(10,878)
Amortization of prior service cost (credit)	43	16	86	32
Recognized actuarial loss (gain)	2,356	1,831	4,715	3,664
Net periodic benefit cost (credit)	2,346	2,917	4,717	5,118
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Interest cost	35	50	70	100
Amortization of prior service cost (credit)	(509)	(509)	(1,018)	(1,018)
Recognized actuarial loss (gain)	(19)	(96)	(38)	(192)
Net periodic benefit cost (credit)	$ (493)	$ (555)	$ (986)	$ (1,110)

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Retirement Benefits [Abstract]
Cash contributions made during the period	$ 2
Expected additional cash contributions	$ 9

Share-Based Payments - Narrativ

Share-Based Payments - Narrative (Details)	6 Months Ended
	Jun. 30, 2020USD ($)incentive_program	Jun. 30, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
General vesting period	3 years
Number of incentive programs | incentive_program	2
Total unrecognized compensation expense related to unvested share-based payments	$ 50,400,000
Weighted-average period for unrecognized compensation expense expected to be recognized	1 year 7 months 6 days
Proceeds from exercise of stock options	$ 0	$ 0
Stock option compensation expense | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of stock option expiration from date of grant	10 years

Share-Based Payments - Compensa

Share-Based Payments - Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 9,138	$ 12,445	$ 23,414	$ 24,310
Stock option compensation expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	2,376	2,168	5,507	4,574
RSU compensation expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	6,762	10,277	17,907	19,736
Long-term Incentive Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 200	$ 1,300	$ 4,000	$ 2,100

Other Selling and Administrat_3

Other Selling and Administrative Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other Income and Expenses [Abstract]
Design and development	$ 46,486	$ 52,186	$ 91,113	$ 94,631
Identifiable intangible asset amortization	$ 9,687	$ 9,909	$ 19,652	$ 20,338

Foreign Currency Transaction _3

Foreign Currency Transaction Exposure (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Currency Transaction Gains (Losses) [Line Items]
Currency transaction (losses) gains, net	$ (3,772)	$ 1,789	$ (4,381)	$ (3,649)
Operating loss
Currency Transaction Gains (Losses) [Line Items]
Currency transaction (losses) gains, net	(2,169)	672	(1,946)	(3,098)
Other non-operating expense (income), net
Currency Transaction Gains (Losses) [Line Items]
Currency transaction (losses) gains, net	$ (1,603)	$ 1,117	$ (2,435)	$ (551)

Restructuring Charges - Schedul

Restructuring Charges - Schedule of Capital Light Restructuring Charges (Details) - Capital Light Initiative - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2,781	$ 11,454	$ 8,584	$ 11,454
Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,407	3,483	4,464	3,483
Other Selling and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1,374	$ 7,971	$ 4,120	$ 7,971

Restructuring Charges - Severan

Restructuring Charges - Severance and Other Restructuring Charges Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Capital Light Initiative
Restructuring Reserve [Roll Forward]
Liability at beginning of period			$ 17,635
Charges	$ 2,781	$ 11,454	8,584	$ 11,454
Payments/Utilization			(8,771)
Liability at end of period	17,448		17,448
Capital Light Initiative | Severance
Restructuring Reserve [Roll Forward]
Liability at beginning of period			6,151
Charges			4,120
Payments/Utilization			(1,865)
Liability at end of period	8,406		8,406
Capital Light Initiative | Other restructuring charges
Restructuring Reserve [Roll Forward]
Liability at beginning of period			11,484
Charges			4,464
Payments/Utilization			(6,906)
Liability at end of period	9,042		9,042
Restructuring Plan, Other | Severance
Restructuring Reserve [Roll Forward]
Liability at beginning of period			0
Charges			14,505
Payments/Utilization			(4,947)
Liability at end of period	$ 9,558		$ 9,558

Restructuring Charges - Narrati

Restructuring Charges - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	May 04, 2020
Restructuring Cost and Reserve [Line Items]
Non-manufacturing workforce reduction commitment, percentage					4.00%
Capital Light Initiative
Restructuring Cost and Reserve [Line Items]
Severance and other restructuring charges incurred to date	$ 46,200		$ 46,200
Restructuring and related cost, cost incurred to date, non-cash charges	14,000		14,000
Expected restructuring costs	38,000		38,000
Restructuring charges	2,781	$ 11,454	8,584	$ 11,454
Structural Simplification Cost Savings Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges			5,000
Severance | Capital Light Initiative
Restructuring Cost and Reserve [Line Items]
Restructuring charges			4,120
Severance | Other Cost Savings Actions
Restructuring Cost and Reserve [Line Items]
Expected restructuring costs	$ 5,000		$ 5,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 12,839,000	$ 12,163,000	$ 24,732,000	$ 14,858,000
Discrete tax expense (benefit)	3,200,000	800,000	9,600,000	(1,100,000)
Current federal tax benefit	0	$ 0	0	$ 0
Reasonably possible changes to unrecognized tax benefits related to settlement of tax audits and/or expiration of statutes of limitations within the next twelve months	$ 7,000,000		$ 7,000,000

Contingencies (Details)

Contingencies (Details) $ in Millions	Apr. 26, 2015	Jan. 31, 2010USD ($)	Apr. 30, 1999USD ($)	Jun. 30, 2020childlawsuitclass	Nov. 11, 2014USD ($)	Jul. 26, 2013USD ($)
Yellowstone
Loss Contingencies [Line Items]
Alleged loss of profits			$ 1
Unpaid accounts receivable			4
Alleged business investments			3
Initial estimate of loss of profits			$ 1
Court awarded damages from counterclaim		$ 4
Damages awarded, including attorney fees, inflation and interest						$ 17
Counter claim awarded, including inflation					$ 7.5	$ 7.5
Damages award including inflation and interest					$ 14.5
Fine on claims (as a percent)	1.00%
Sleeper
Loss Contingencies [Line Items]
Number of additional lawsuits pending | lawsuit				33
Number of children with injuries or fatalities related to lawsuits | child				37
Minimum | Sleeper
Loss Contingencies [Line Items]
Number of consumer classes | class				15

Segment Information - Revenues

Segment Information - Revenues and Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenues	$ 732,136	$ 860,063	$ 1,326,206	$ 1,549,309
Operating loss	(46,141)	(51,416)	(195,952)	(178,427)
Interest expense	49,615	46,234	98,595	93,192
Interest (income)	(1,025)	(1,532)	(3,108)	(3,804)
Other non-operating expense (income), net	1,602	(294)	3,743	1,610
Loss Before Income Taxes	(96,333)	(95,824)	(295,182)	(269,425)
Share-based compensation expense			23,414	24,310
North America and International
Segment Reporting Information [Line Items]
Total product recall charges		3,100		30,400
Operating Segments
Segment Reporting Information [Line Items]
Revenues	814,560	962,266	1,484,525	1,742,392
Operating loss	54,295	8,485	10,804	(49,618)
Operating Segments | North America
Segment Reporting Information [Line Items]
Revenues	461,550	447,354	767,302	816,745
Operating loss	77,920	28,297	85,951	8,556
Operating Segments | International
Segment Reporting Information [Line Items]
Revenues	323,944	480,507	650,064	845,685
Operating loss	(9,767)	(3,507)	(43,848)	(27,810)
Operating Segments | American Girl
Segment Reporting Information [Line Items]
Revenues	29,066	34,405	67,159	79,962
Operating loss	(13,858)	(16,305)	(31,299)	(30,364)
Operating Segments | North America and International
Segment Reporting Information [Line Items]
Severance and restructuring charges	1,400	3,500	4,500	3,500
Corporate and other expense
Segment Reporting Information [Line Items]
Operating loss	(100,436)	(59,901)	(206,756)	(128,809)
Severance and restructuring charges	16,200	14,400	23,800	23,100
Total product recall charges	2,900		9,100
Sales adjustments
Segment Reporting Information [Line Items]
Revenues	$ (82,424)	$ (102,203)	$ (158,319)	$ (193,083)

Segment Information - Assets (D

Segment Information - Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable and inventories, net	$ 1,353,094	$ 1,431,863	$ 1,478,092
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable and inventories, net	1,189,281	1,326,074	1,343,253
Operating Segments | North America
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable and inventories, net	620,900	569,819	622,614
Operating Segments | International
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable and inventories, net	520,189	721,251	677,958
Operating Segments | American Girl
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable and inventories, net	48,192	35,004	42,681
Corporate and other
Segment Reporting, Asset Reconciling Item [Line Items]
Accounts receivable and inventories, net	$ 163,813	$ 105,789	$ 134,839

Segment Information - Worldwide

Segment Information - Worldwide Revenues by Categories (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 732,136	$ 860,063	$ 1,326,206	$ 1,549,309
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	814,560	962,266	1,484,525	1,742,392
Operating Segments | Dolls
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	261,023	273,405	486,892	526,291
Operating Segments | Infant, Toddler, and Preschool
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	199,824	251,996	340,144	445,622
Operating Segments | Vehicles
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	158,683	214,137	344,334	397,498
Operating Segments | Action Figures, Building Sets, Games, and Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	195,030	222,728	313,155	372,981
Sales adjustments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ (82,424)	$ (102,203)	$ (158,319)	$ (193,083)

Segment Information - Worldwi_2

Segment Information - Worldwide Revenues by Top 3 Power Brands (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 732,136	$ 860,063	$ 1,326,206	$ 1,549,309
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	814,560	962,266	1,484,525	1,742,392
Operating Segments | Barbie
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	199,312	186,531	346,797	350,009
Operating Segments | Hot Wheels
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	136,479	175,199	295,097	325,735
Operating Segments | Fisher-Price and Thomas & Friends
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	176,259	222,409	305,009	394,807
Operating Segments | Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	302,510	378,127	537,622	671,841
Sales adjustments
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ (82,424)	$ (102,203)	$ (158,319)	$ (193,083)

Segment Information - Revenue_2

Segment Information - Revenues by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenues	$ 732,136	$ 860,063	$ 1,326,206	$ 1,549,309
Operating Segments
Segment Reporting Information [Line Items]
Revenues	814,560	962,266	1,484,525	1,742,392
Operating Segments | North America
Segment Reporting Information [Line Items]
Revenues	461,550	447,354	767,302	816,745
Operating Segments | North America | North America
Segment Reporting Information [Line Items]
Revenues	490,616	481,759	834,461	896,707
Operating Segments | International
Segment Reporting Information [Line Items]
Revenues	323,944	480,507	650,064	845,685
Operating Segments | International | EMEA
Segment Reporting Information [Line Items]
Revenues	184,018	234,107	399,305	450,456
Operating Segments | International | Latin America
Segment Reporting Information [Line Items]
Revenues	67,690	141,310	127,351	216,560
Operating Segments | International | Asia Pacific
Segment Reporting Information [Line Items]
Revenues	72,236	105,090	123,408	178,669
Sales adjustments
Segment Reporting Information [Line Items]
Revenues	$ (82,424)	$ (102,203)	$ (158,319)	$ (193,083)