Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Assets and Liabilities

The following table presents Mattel’s derivative assets and liabilities:

	Asset Derivatives
	Balance Sheet Classification		Fair Value
			June  30, 2013		June  30, 2012		December  31, 2012
					(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts		Prepaid expenses and other current assets	$	7,389	$	32,277	$	3,064
Foreign currency forward exchange contracts		Other noncurrent assets		—		564		4
Total derivatives designated as hedging instruments			$	7,389	$	32,841	$	3,068
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts		Prepaid expenses and other current assets	$	—	$	12,342	$	—
Total			$	7,389	$	45,183	$	3,068

	Liability Derivatives
	Balance Sheet Classification		Fair Value
			June  30, 2013		June 30, 2012		December  31, 2012
					(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts		Accrued liabilities	$	2,436	$	2,980	$	8,093
Foreign currency forward exchange contracts		Other noncurrent liabilities		—		19		177
Total derivatives designated as hedging instruments			$	2,436	$	2,999	$	8,270
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts		Accrued liabilities	$	2,642	$	—	$	487
Total			$	5,078	$	2,999	$	8,757

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, 2013						For the Three Months Ended June 30, 2012				Statements of Operations  Classification
	Amount of Gain (Loss) Recognized in OCI			Amount of Gain (Loss) Reclassified from Accumulated OCI to Statements of Operations			Amount of Gain (Loss) Recognized in OCI		Amount of Gain (Loss) Reclassified from Accumulated OCI to Statements of Operations
	(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange contracts	$	(872	)	$	(326	)	$	11,968	$	4,328		Cost of sales
	For the Six Months Ended June 30, 2013						For the Six Months Ended June 30, 2012				Statements of Operations  Classification
	Amount of Gain (Loss) Recognized in OCI			Amount of Gain (Loss) Reclassified from Accumulated OCI to Statements of Operations			Amount of Gain (Loss) Recognized in OCI		Amount of Gain (Loss) Reclassified from Accumulated OCI to Statements of Operations
	(In thousands)
Derivatives designated as hedging instruments
Foreign currency forward exchange contracts	$	7,266		$	803		$	10,780	$	8,866		Cost of sales

Derivatives Not Designated as Hedging Instruments by Classification and Amount of Gains and Losses

	Amount of Gain (Loss) Recognized in the Statements of Operations						Statements of Operations Classification
	For the Three Months Ended June 30, 2013			For the Three Months Ended June 30, 2012
	(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts	$	(3,546	)	$	(28,555	)	Non-operating income/expense
Foreign currency forward exchange contracts		(372	)		(782	)	Cost of sales
Total	$	(3,918	)	$	(29,337	)

	Amount of Gain (Loss) Recognized in the Statements of Operations						Statements of Operations Classification
	For the Six Months Ended June 30, 2013			For the Six Months Ended June 30, 2012
	(In thousands)
Derivatives not designated as hedging instruments
Foreign currency forward exchange contracts	$	(17,321	)	$	(8,107	)	Non-operating income/expense
Foreign currency forward exchange contracts		31			(535	)	Cost of sales
Total	$	(17,290	)	$	(8,642	)