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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 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 March 31, 2020
 
Derivative
Instruments
 
Available-for-Sale Security
 
Employee 
Benefit Plans
 
Currency
Translation
Adjustments
 
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
9,190

 
195

 
1,702

 
(145,634
)
 
(134,547
)
Amounts reclassified from accumulated other comprehensive income (loss)
(3,210
)
 
—

 
1,358

 
—

 
(1,852
)
Net increase (decrease) in other comprehensive income (loss)
5,980

 
195

 
3,060

 
(145,634
)
 
(136,399
)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2020
$
17,021

 
$
(8,065
)
 
$
(166,797
)
 
$
(848,042
)
 
$
(1,005,883
)

 
For the Three Months Ended March 31, 2019
 
Derivative
Instruments
 
Available-for-Sale Security
 
Employee 
Benefit Plans
 
Currency
Translation
Adjustments
 
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
5,818

 
1,877

 
(1,206
)
 
14,133

 
20,622

Amounts reclassified from accumulated other comprehensive income (loss)
(759
)
 
—

 
1,429

 
—

 
670

Net increase in other comprehensive income (loss)
5,059

 
1,877

 
223

 
14,133

 
21,292

Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2019
$
16,470

 
$
(4,670
)
 
$
(142,540
)
 
$
(707,194
)
 
$
(837,934
)
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
 
 
 
March 31,
2020
 
March 31,
2019
 
Statements of Operations
Classification
 
(In thousands)
 
 
Derivative Instruments
 
Gain on foreign currency forward exchange contracts and other
$
3,193

 
$
927

 
Cost of sales
Tax effect
17

 
(168
)
 
Provision for income taxes

$
3,210

 
$
759

 
Net loss
Employee Benefit Plans
 
 
 
 
 
Amortization of prior service credit (a)
$
466

 
$
493

 
Other non-operating expense, net
Recognized actuarial loss (a)
(2,340
)
 
(1,737
)
 
Other non-operating expense, net

(1,874
)
 
(1,244
)
 
 
Tax effect
516

 
(185
)
 
Provision for income taxes

$
(1,358
)
 
$
(1,429
)
 
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 $145.6 million for the three months ended March 31, 2020, primarily due to the weakening of the Mexican peso, Russian ruble, Brazilian real, and the British pound sterling against the U.S. dollar. Currency translation adjustments resulted in a net gain of $14.1 million for the three months ended March 31, 2019, primarily due to the strengthening of the British pound sterling and Russian ruble against the U.S. dollar.