-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IXnzE8h8CD+nE/7tw0IknUaSoYopJrurmdjqGavQK8FglYMLOuHsYCD7SmwfxZSc jvKj1VO99haEEkZu21ibYA== 0000063276-98-000013.txt : 19980701 0000063276-98-000013.hdr.sgml : 19980701 ACCESSION NUMBER: 0000063276-98-000013 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980630 SROS: NYSE SROS: PCX FILER: COMPANY DATA: COMPANY CONFORMED NAME: MATTEL INC /DE/ CENTRAL INDEX KEY: 0000063276 STANDARD INDUSTRIAL CLASSIFICATION: DOLLS & STUFFED TOYS [3942] IRS NUMBER: 951567322 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: SEC FILE NUMBER: 001-05647 FILM NUMBER: 98657289 BUSINESS ADDRESS: STREET 1: 333 CONTINENTAL BLVD CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3102522000 11-K 1 MATTEL PIP 1997 11-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) [X] Annual report pursuant to section 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 1997. [_] Transition report pursuant to section 15(d) of the Securities Exchange Act of 1934 for the transition period from _________ to _________. Commission File Number 001-04777 - --------------------------------- A. Full title of the plan and the address of the plan, if different from that of the issuer named below: MATTEL, INC. PERSONAL INVESTMENT PLAN MATTEL, INC. HOURLY PERSONAL INVESTMENT PLAN B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: MATTEL, INC. 333 CONTINENTAL BOULEVARD EL SEGUNDO, CALIFORNIA 90245-5012 [Price Waterhouse LLP letterhead] REPORT OF INDEPENDENT ACCOUNTANTS --------------------------------- June 9, 1998 To the Participants and Administrator of the Mattel, Inc. Personal Investment Plan and the Mattel, Inc. Hourly Personal Investment Plan In our opinion, the accompanying statements of net assets available for benefits and the related statements of changes in net assets available for benefits for each of the plans, the Mattel, Inc. Personal Investment Plan and the Mattel, Inc. Hourly Personal Investment Plan, held in the Mattel, Inc. Personal Investment Plan Master Trust present fairly, in all material respects, the net assets available for benefits of the Plans at December 31, 1997 and 1996, and the changes in net assets available for benefits for the years then ended, in conformity with generally accepted accounting principles. These financial statements are the responsibility of the plans' management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with generally accepted auditing standards which require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. /s/ Price Waterhouse LLP - ------------------------
MATTEL, INC. PERSONAL INVESTMENT PLAN MASTER TRUST STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS ---------------------------------------------- December 31, 1997 ------------------------------------------ Total Hourly Master PIP PIP Trust ------------ ------------ ------------ ASSETS - ------ Investment in Master Trust (Note 6) $418,828,000 $ 61,000 $418,889,000 Interest and dividends receivable 332,000 - 332,000 ------------ ------------ ------------ Total assets 419,160,000 61,000 419,221,000 ------------ ------------ ------------ LIABILITIES - ---------- Excess contributions refund payable 12,000 - 12,000 ------------ ------------ ------------ Net assets available for benefits $419,148,000 $ 61,000 $419,209,000 ============ ============ ============ December 31, 1996 ------------------------------------------ Total Hourly Master PIP PIP Trust ------------ ------------ ------------ ASSETS - ------ Investment in Master Trust (Note 6) $206,793,000 $ 63,000 $206,856,000 Interest and dividends receivable 43,000 43,000 ------------ ------------ ------------ Total assets 206,836,000 63,000 206,899,000 ------------ ------------ ------------ LIABILITIES - ---------- Excess contributions refund payable 6,000 6,000 ------------ ------------ ------------ Net assets available for benefits $206,830,000 $ 63,000 $206,893,000 ============ ============ ============ The accompanying notes are an integral part of these financial statements.
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MATTEL, INC. PERSONAL INVESTMENT PLAN MASTER TRUST STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS --------------------------------------------------------- December 31, 1997 ------------------------------------------ Total Hourly Master PIP PIP Trust ------------ ------------ ------------ Additions to net assets attributed to: Investment income: Interest $ 8,036,000 $ 3,000 $ 8,039,000 Dividends 2,043,000 - 2,043,000 Net appreciation in fair value of investments 60,379,000 1,000 60,380,000 ------------ ------------ ------------ 70,458,000 4,000 70,462,000 ------------ ------------ ------------ Contributions: Employer 12,315,000 30,000 12,345,000 Employee 16,171,000 18,000 16,189,000 ------------ ------------ ------------ 28,486,000 48,000 28,534,000 ------------ ------------ ------------ Transfer from Fisher-Price, Inc. Matching Savings Plan (Note 1) 140,589,000 - 140,589,000 ------------ ------------ ------------ Total additions 239,533,000 52,000 239,585,000 ------------ ------------ ------------ Deductions from net assets attributed to: Benefits paid to participants (27,215,000) (54,000) (27,269,000) ------------ ------------ ------------ Net increase/(decrease) 212,318,000 (2,000) 212,316,000 Net assets available for benefits: Beginning of year 206,830,000 63,000 206,893,000 ------------ ------------ ------------ End of year $419,148,000 $ 61,000 $419,209,000 ============ ============ ============ The accompanying notes are an integral part of these financial statements.
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MATTEL, INC. PERSONAL INVESTMENT PLAN MASTER TRUST STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS --------------------------------------------------------- December 31, 1996 ------------------------------------------ Total Hourly Master PIP PIP Trust ------------ ------------ ------------ Additions to net assets attributed to: Investment income: Interest $ 7,466,000 $ 16,000 $ 7,482,000 Dividends 289,000 289,000 Net appreciation in fair value of investments 13,476,000 1,000 13,477,000 ------------ ------------ ------------ 21,231,000 17,000 21,248,000 ------------ ------------ ------------ Contributions: Employer 9,163,000 11,000 9,174,000 Employee 11,061,000 28,000 11,089,000 ------------ ------------ ------------ 20,224,000 39,000 20,263,000 ------------ ------------ ------------ Total additions 41,455,000 56,000 41,511,000 ------------ ------------ ------------ Deductions from net assets attributed to: Benefits paid to participants (15,462,000) (8,000) (15,470,000) ------------ ------------ ------------ Net increase 25,993,000 48,000 26,041,000 Net assets available for benefits: Beginning of year 180,837,000 15,000 180,852,000 ------------ ------------ ------------ End of year $206,830,000 $ 63,000 $206,893,000 ============ ============ ============ The accompanying notes are an integral part of these financial statements.
-4- MATTEL, INC. PERSONAL INVESTMENT PLAN MASTER TRUST -------------------------------------------------- NOTES TO FINANCIAL STATEMENTS ----------------------------- NOTE 1 - GENERAL DESCRIPTION OF THE PLAN: - ---------------------------------------- Mattel, Inc. (the "Company") maintains two separate savings plans which are held in the Mattel, Inc. Personal Investment Plan Master Trust (the "Master Trust"). The following description of the Mattel, Inc. Personal Investment Plan (the "PIP") and the Mattel, Inc. Hourly Personal Investment Plan (the "Hourly PIP", collectively the "Plans") is provided for general information only. Participants should refer to the respective plan agreements for a more complete description of specific plan provisions. General - ------- The PIP, which was established November 1, 1983, is a contributory thrift savings form of a defined contribution plan covering nonunion employees of the Company and certain of its subsidiaries. The Hourly PIP, which was established July 1, 1996, is a similar type of savings plan covering certain nonunion hourly employees of the Company. The Master Trust was established on July 1, 1996 to coincide with the creation of the Hourly PIP. The Plans are administrated by the Company under the direction of the Pension Committee of the Board of Directors of the Company. The Plans' assets at December 31, 1997 and 1996 were held by The Northern Trust Company (the "Trustee") under the direction of the Pension Committee. There were approximately 6,436 participants in the Plans as of December 31, 1997. On April 1, 1997, the Fisher-Price, Inc. Matching Savings Plan was merged and all assets were transferred to the Mattel, Inc. Personal Investment Plan. Contributions - ------------- For all PIP participants, with the exception of employees who also participate in the Fisher-Price Pension Plan, the Company makes automatic contributions ranging from three percent to eight percent of compensation based upon covered participants' ages, regardless of whether the employees elect to personally contribute to the Plan. The Company will match 100 percent of the first two percent of compensation contributed by an employee and 50 percent of the next four percent. In addition, each employee may contribute up to an additional eight percent of compensation, with no matching contribution by the Company. -5- Note 1: (Continued) - ------- For all PIP participants who also participate in the Fisher-Price Pension Plan, the Company makes no automatic contributions, however employees may contribute up to 15 percent of their compensation to the Plan. The Company will match 100 percent of the first two percent of compensation contributed by an employee and 50 percent of the next four percent. For the Hourly PIP, the Company makes automatic contributions of one percent of compensation for all employees, regardless of whether the employees elect to personally contribute to the Plan. The Company will match 25 percent of the first six percent of compensation contributed by an employee during their first five years of service. The match percentage increases to 30 percent and 40 percent if the employee has between six to ten years of service and more than ten years of service, respectively. In addition, each employee may contribute up to an additional nine percent of compensation, with no matching contribution by the Company. For both Plans, participants are permitted to direct all contributions made to the Plans into one or more of six separate investment funds: a stable asset fund (formerly the fixed income fund), a large cap equity fund (formerly the managed equity fund), an equity index fund, a global equity fund, a small cap equity fund and the Mattel stock fund. Participants can invest a maximum of 50 percent of their current contributions in the Mattel stock fund. In addition, participants cannot transfer more than 50 percent of their account balance to the Mattel stock fund. Vesting - ------- Each participant hired after July 1, 1989 is immediately vested in their contributions plus actual earnings thereon. Vesting in the Company's matching and automatic contribution portion of the participant's account plus actual earnings thereon is based on years of continuous service. Participants become 25 percent vested after two years of credited service and vest an additional 25 percent for each additional year of service through the fifth year at which time 100 percent vesting occurs. Participant Loans Receivable - ---------------------------- Participants may borrow from their accounts from a minimum of $2,000 to a maximum equal to the lesser of $50,000 or 50 percent of their vested account balance. Loan terms range from one to five years or up to 15 years for the purchase of a primary residence. The loans are secured by the balance in the participant's account and bear interest at the prime rate plus one percent set at the beginning of the month in which the loan is granted. The interest rate is set for the duration of the loan. As of December 31, 1997, interest rates on loans outstanding ranged from six percent to nine and a half percent. Principal and interest are paid ratably through payroll deductions. -6- Note 1: (Continued) - ------- Participant Accounts - -------------------- Each participant's account is credited with the participant's contribution and allocations of (a) the Company's contribution and (b) Plan earnings. Allocations are made based on the fund allocation percentages used for the employees' contributions. Forfeited balances of terminated participants' nonvested accounts are used to reduce future Company contributions. The benefit to which a participant is entitled is the amount that can be provided from the participant's vested account. Payment of Benefits - ------------------- Upon termination of service due to death, disability, retirement or other reasons, a participant or beneficiary may receive a lump-sum amount equal to the value of the participant's vested interest in his or her account. Participants automatically become 100 percent vested in their account balance if their termination is due to total disability or retirement. As of April 1, 1997, if a participant terminates employment after age 55 with at least five years of service, in addition to being able to receive payment in a lump sum, the participant has the option to receive payment in installments over a period of 5, 10 or 15 years. These payments may be elected in monthly, quarterly, or annual installments. In addition, funds may be withdrawn by participants prior to retirement under limited circumstances, subject to restrictions as defined by the Plans. Expenses of the Plan - -------------------- Expenses incurred in the administration of the Plans are paid by the Company. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: - ---------------------------------------------------- Basis of Accounting - ------------------- The financial statements of the Plans are prepared using the accrual basis of accounting. Valuation of Investments - ------------------------ Investments held within the Master Trust are stated at their fair values. Investments held in the large cap equity fund, equity index fund, global equity fund, small cap equity fund and the Mattel stock fund are valued using quoted market prices. Investments in the stable asset fund, made primarily in guaranteed investment contracts, are valued at contract value as determined by the insurance companies. Contract value represents contributions made under a guaranteed investment contract, plus interest at the contract rate, less administrative expenses charged by the insurance company. Participant loans receivable are valued at cost which approximates fair value. -7- Note 2: (Continued) - ------- Contributions - ------------- Contributions from plan participants are recorded in the period in which the Company makes payroll deductions from the employee's compensation. The Company's matching contributions are recorded in the period corresponding with the employee contributions. Employee rollover contributions are included as Employee Contributions in the financial statements. Income Recognition - ------------------ In accordance with the policy of presenting investments at current fair value, the net appreciation or depreciation in the fair value of investments during the period is reflected in the statement of changes in net assets available for benefits. Such net appreciation or depreciation in current fair value includes realized gains and losses on dispositions of securities during the period. Securities transactions are recorded on a trade date basis. Interest income is recorded as earned on an accrual basis. Dividend income is recorded on the ex-dividend date. Payment of Benefits - ------------------- Benefits payable to former employees are recorded in the period in which payment occurs. Use of Estimates - ---------------- The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. NOTE 3 - RECONCILIATION OF THE FINANCIAL STATEMENTS TO FORM 5500: - ---------------------------------------------------------------- There were no reconciling items in the net assets available for benefits for the PIP and the Hourly PIP between the financial statements and the Form 5500 for the years ended December 31, 1997 and 1996. -8- Note 3: (Continued) - ------- The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 for the PIP:
December 31, December 31, 1997 1996 ------------ ------------ Benefits paid to participants per the financial statements $ 27,215,000 $ 15,447,000 Amounts allocated to withdrawing participants at prior year end - (29,000) ------------ ------------ Benefits paid to participants per the Form 5500 $ 27,215,000 $ 15,418,000 ============ ============
Amounts allocated to withdrawing participants are recorded in the Form 5500 for benefit claims that have been processed and approved for payment prior to December 31 but not yet paid as of that date. There were no reconciling items for benefits paid to participants for the Hourly PIP between the financial statements and the Form 5500 for the years ended December 31, 1997 and 1996. NOTE 4 - TAX STATUS OF THE PLANS: - --------------------------------- The administrator for the Plans has received determination letters from the Internal Revenue Service dated March 1, 1995 for the PIP and January 8, 1997 for the Hourly PIP which confirmed the qualified and tax-exempt status of the Plans. Therefore, no provision for federal or state income tax has been been made for the Plans. The Plans have been amended since receiving the determination letters, however, the Plans' administrator and the Plans' tax counsel believe that the Plans are designed and are currently being operated in compliance with the applicable provisions of the Internal Revenue Code. NOTE 5 - PLAN TERMINATION: - -------------------------- The Company anticipates that the Plans will continue without interruption, but reserves the right to discontinue the Plans. In the event such discontinuance results in the termination of the Plans, participants will become 100 percent vested in their accounts. -9- NOTE 6 - INVESTMENTS IN MASTER TRUST: - ------------------------------------ The following summarizes the Plans' investments at December 31, 1997. Investments that represent 5 percent or more of the Plan's net assets are separately identified.
Hourly PIP % PIP % Total ------------ ------- ------------ --- ------------ Stable Asset Fund $144,762,000 99.97 $ 42,000 .03 $144,804,000 Large Cap Equity Fund 112,768,000 99.99 4,000 .01 112,772,000 Equity Index Fund 84,820,000 99.99 8,000 .01 84,828,000 Mattel Stock Fund 47,136,000 99.99 5,000 .01 47,141,000 Global Equity Fund 6,253,000 99.98 1,000 .02 6,254,000 Small Cap Equity Fund 12,462,000 99.99 1,000 .01 12,463,000 Participant Loans 10,869,000 100.00 - 10,869,000 Money Market Account 78,000 100.00 - 78,000 ------------ ------------ ------------ Total investments $419,148,000 99.99 $ 61,000 .01 $419,209,000 ============ ============ ============
The Plans' administrator has directed the Trustee to invest any excess cash balances in The Northern Trust COLTV Short Term Investment Fund and the Northern Trust Co. STEP Fund, which are diversified portfolios of short- term investment securities. -10- NOTE 6: (Continued) - ------- The following summarizes the changes in net assets available by fund for the years ended December 31, 1997 and 1996.
FOR THE YEAR ENDED DECEMBER 31, 1997 ------------------------------------ Participant Directed --------------------------------------------------------------------- Stable Large Cap Equity Mattel Global Asset Equity Index Stock Equity Fund Fund Fund Fund Fund ------------ ------------ ----------- ----------- ----------- Investment income: Interest $ 6,738,000 $ 465,000 $ 4,000 $ 21,000 $ - Dividends 505,000 1,149,000 - 320,000 69,000 Net appreciation/ (depreciation) in fair value of investments 1,967,000 21,197,000 20,186,000 16,379,000 70,000 Contributions: Employer 5,433,000 2,920,000 3,111,000 1,277,000 219,000 Employee 4,520,000 3,743,000 4,291,000 1,593,000 357,000 Fund transfers (7,107,000) (1,431,000) (2,943,000) (5,721,000) 5,566,000 Benefit payments (14,078,000) (5,869,000) (3,911,000) (2,316,000) (27,000) ------------ ------------ ----------- ----------- ----------- (Decrease)/increase in net assets available for benefits (2,022,000) 22,174,000 20,738,000 11,553,000 6,254,000 Transfer from Fisher-Price, Inc. Matching Savings Plan 31,283,000 55,252,000 28,860,000 22,122,000 - Net assets available for benefits: Beginning of year 115,543,000 35,346,000 35,230,000 13,466,000 - ------------ ------------ ----------- ----------- ----------- End of year $144,804,000 $112,772,000 $84,828,000 $47,141,000 $ 6,254,000 ============ ============ =========== =========== =========== FOR THE YEAR ENDED DECEMBER 31, 1997 ------------------------------------ Non- Participant Participant Directed Directed ------------------------- ------------ Small Cap Total Equity Participant Clearing Master Fund Loans Fund Trust ----------- ----------- ------------ ------------- Investment income: Interest $ - $ 791,000 $ 20,000 $ 8,039,000 (a) Dividends - - - 2,043,000 Net appreciation/ (depreciation) in fair value of investments 582,000 - (1,000) 60,380,000 Contributions: Employer 297,000 - (912,000) 12,345,000 Employee 446,000 - 1,239,000 16,189,000 (a) Fund transfers 11,193,000 443,000 - - Benefit payments (55,000) (798,000) (215,000) (27,269,000) ----------- ----------- ------------ ------------ (Decrease)/increase in net assets available for benefits 12,463,000 436,000 131,000 71,727,000 Transfer from Fisher-Price, Inc. Matching Savings Plan - 3,072,000 - 140,589,000 Net assets available for benefits: Beginning of year - 7,361,000 (53,000) 206,893,000 ----------- ----------- ------------ ------------ End of year $12,463,000 $10,869,000 $ 78,000 $419,209,000 =========== =========== ============ ============ (a) Interest income related to participant loans of $791,000 was reclassified from employee contributions to interest income.
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FOR THE YEAR ENDED DECEMBER 31, 1996 ------------------------------------ Participant Directed --------------------------------------------------------------------- Fixed Managed Equity Mattel Income Equity Index Stock Participant Account Account Account Account Loans ------------ ----------- ----------- ----------- ------------ Investment income: Interest $ 6,930,000 $ - $ - $ 8,000 $ 533,000 Dividends - 183,000 - 106,000 - Net appreciation in fair value of investments - 5,974,000 6,203,000 1,300,000 - Contributions: Employer 4,825,000 1,853,000 1,723,000 792,000 - Employee 4,777,000 2,634,000 2,498,000 1,176,000 - Fund transfers (8,079,000) 3,229,000 2,291,000 2,125,000 435,000 Benefit payments (10,842,000) (2,047,000) (1,809,000) (417,000) (278,000) ------------ ----------- ----------- ----------- ------------ (Decrease)/increase in net assets available for benefits (2,389,000) 11,826,000 10,906,000 5,090,000 690,000 ------------ ----------- ----------- ----------- ------------ Net assets available for benefits: Beginning of year 117,932,000 23,520,000 24,324,000 8,376,000 6,671,000 ------------ ----------- ----------- ----------- ------------ End of year $115,543,000 $35,346,000 $35,230,000 $13,466,000 $ 7,361,000 ============ =========== =========== =========== ============ FOR THE YEAR ENDED DECEMBER 31, 1996 ------------------------------------ Non- Participant Directed ------------ Total Clearing Master Account Trust ------------ ------------- Investment income: Interest $ 11,000 $ 7,482,000 (a) Dividends - 289,000 Net appreciation in fair value of investments - 13,477,000 Contributions: Employer (19,000) 9,174,000 Employee 4,000 11,089,000 (a) Fund transfers (1,000) - Benefit payments (77,000) (15,470,000) ------------ ------------ (Decrease)/increase in net assets available for benefits (82,000) 26,041,000 ------------ ------------ Net assets available for benefits: Beginning of year 29,000 180,852,000 ------------ ------------ End of year $ (53,000) $206,893,000 ============ ============ (a) Interest income related to participant loans of $533,000 was reclassified from employee contributions to interest income.
-12- POWER OF ATTORNEY ----------------- We, the undersigned members of the Committee designated to administer the Mattel, Inc. Personal Investment Plan and the Mattel, Inc. Hourly Personal Investment Plan, do hereby severally constitute and appoint Jill E. Barad, Ned Mansour, Robert Normile, Leland P. Smith, and John L. Vogelstein, and each of them, our true and lawful attorneys and agents, to do any and all acts and things in our name and behalf in our capacities as members of said Committee and to execute any and all instruments for us and in our names in the capacities indicated below, which said attorneys and agents, or any of them, may deem necessary or advisable to enable said Plans to comply with the Securities Exchange Act of 1934, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission, in connection with this Annual Report on Form 11-K, including specifically, but without limitation, power and authority to sign for us or any of us, in our names in the capacities indicated below, any and all amendments hereto; and we do each hereby ratify and confirm all that said attorneys and agents or any one of them, shall do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Exchange Act of 1934, the members of the Committee designated to administer the Mattel, Inc. Personal Investment Plan and the Mattel, Inc. Hourly Personal Investment Plan have duly caused this Annual Report on Form 11-K to be signed on behalf of the Plans by the undersigned, thereunto duly authorized in the City of El Segundo, State of California, on June 29, 1998. MATTEL, INC. PERSONAL INVESTMENT PLAN AND MATTEL, INC. HOURLY PERSONAL INVESTMENT PLAN --------------------- (Name of Plans) By: /s/ Harold Brown ---------------- Harold Brown By: /s/ Edward N. Ney ----------------- Edward N. Ney By: /s/ Bruce L. Stein ------------------ Bruce L. Stein EX-23.0 2 ACCOUNTANTS CONSENT EXHIBIT - 23.0 Consent of Independent Accountants ---------------------------------- We hereby consent to the incorporation by reference in each of the two Registration Statements on Form S-8 (No. 33-51454 and No. 333-01061) of Mattel, Inc. of our report dated June 9, 1998, appearing on page 1 of this Form 11-K. /s/ Price Waterhouse LLP - ------------------------ Los Angeles, California June 26, 1998 -----END PRIVACY-ENHANCED MESSAGE-----