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Stockholders' Equity
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Preference Stock
Mattel is authorized to issue up to 20.0 million shares of $0.01 par value preference stock, of which none is currently outstanding.
Preferred Stock
Mattel is authorized to issue up to 3.0 million shares of $1.00 par value preferred stock, of which none is currently outstanding.
Common Stock Repurchase Program
During 2025, Mattel repurchased 31.4 million shares of its common stock at a cost of $605.5 million, inclusive of accrued excise taxes of $5.5 million. During 2024, Mattel repurchased 21.0 million shares of its common stock at a cost of $403.5 million, inclusive of accrued excise taxes of $3.5 million. During 2023, Mattel repurchased 10.4 million shares of its common stock at a cost of $203.0 million. Mattel's share repurchase program was first announced on July 21, 2003. On July 17, 2013, the Board of Directors approved a $500.0 million increase to Mattel's share repurchase authorization, and as of December 31, 2023, such authorization was exhausted. On February 5, 2024, the Board of Directors authorized a $1.00 billion share repurchase program and as of December 31, 2025, such authorization was exhausted. On February 9, 2026, the Board of Directors authorized a new $1.50 billion share repurchase program. As of February 20, 2026, Mattel has repurchased 5.9 million shares of its common stock at a cost of $101.0 million under the new $1.50 billion share repurchase program. Repurchases under the program will take place from time to time, depending on market conditions. Mattel's share repurchase program has no expiration date.
Dividends
During 2025, 2024, and 2023, Mattel did not pay any dividends to holders of its common stock. The payment of dividends on common stock is at the discretion of the Board of Directors and is subject to customary limitations.
Accumulated Other Comprehensive Income (Loss)
The following tables present changes in the accumulated balances for each component of other comprehensive income (loss), including current period other comprehensive income (loss) and reclassifications from accumulated other comprehensive income (loss):
 For the Year Ended December 31, 2025
 Derivative
Instruments
Employee Benefit PlansCurrency
Translation
Adjustments
Total
 (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2024$14,307 $(139,663)$(869,096)$(994,452)
Other comprehensive income (loss) before reclassifications(49,196)8,575 121,458 80,837 
Amounts reclassified from accumulated other comprehensive income (loss)18,173 4,876 — 23,049 
Net change in other comprehensive income (loss)(31,023)13,451 121,458 103,886 
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2025$(16,716)$(126,212)$(747,638)$(890,566)
 For the Year Ended December 31, 2024
 Derivative
Instruments
Employee Benefit PlansCurrency
Translation
Adjustments
Total
 (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2023$(3,463)$(142,916)$(758,589)$(904,968)
Other comprehensive income (loss) before reclassifications39,409 (819)(110,507)(71,917)
Amounts reclassified from accumulated other comprehensive income (loss)(21,639)4,072 — (17,567)
Net change in other comprehensive income (loss)17,770 3,253 (110,507)(89,484)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2024$14,307 $(139,663)$(869,096)$(994,452)
 For the Year Ended December 31, 2023
Derivative
Instruments
Employee Benefit PlansCurrency
Translation
Adjustments
Total
(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2022$22,732 $(138,498)$(795,712)$(911,478)
Other comprehensive income (loss) before reclassifications(15,903)(6,558)37,123 14,662 
Amounts reclassified from accumulated other comprehensive income (loss)(10,292)2,140 — (8,152)
Net change in other comprehensive income (loss)(26,195)(4,418)37,123 6,510 
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2023$(3,463)$(142,916)$(758,589)$(904,968)
The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:
 For the Year Ended Consolidated Statements of Operations
Classification
 December 31,
2025
December 31,
2024
December 31,
2023
 (In thousands) 
Derivative Instruments
(Loss) gain on foreign currency forward exchange and other contracts$(18,181)$21,590 $9,880 Cost of sales
Tax effect49 412 Provision/benefit for income taxes
$(18,173)$21,639 $10,292 Net Income
Employee Benefit Plans
Amortization of prior service credit (a)$1,797 $1,844 $1,888 Other non-operating income/expense, net
Recognized actuarial (loss) (a)(8,391)(7,591)(5,667)Other non-operating income/expense, net
Curtailment gain (a)121 — — Other non-operating income/expense, net
Settlement gain (a)68 — 59 Other non-operating income/expense, net
(6,405)(5,747)(3,720)
Tax effect1,529 1,675 1,580 Provision/benefit for income taxes
$(4,876)$(4,072)$(2,140)Net Income
(a)The amortization of prior service credit, recognized actuarial loss, curtailment gain, and settlement gain are included in the computation of net periodic benefit cost. Refer to "Note 4 to the Consolidated Financial Statements—Employee Benefit Plans" for additional information regarding Mattel's net periodic benefit cost.
Currency Translation Adjustments
During 2025, currency translation adjustments resulted in a net other comprehensive gain of $121.5 million, primarily due to the strengthening of the Russian ruble, Mexican peso, and British pound sterling against the U.S. dollar.
During 2024, currency translation adjustments resulted in a net other comprehensive loss of $110.5 million, primarily due to the weakening of the Mexican peso, Russian ruble, and Brazilian real against the U.S. dollar.
During 2023, currency translation adjustments resulted in a net other comprehensive gain of $37.1 million, primarily due to the strengthening of the Mexican peso and British pound sterling against the U.S. dollar, partially offset by the weakening of the Russian ruble against the U.S. dollar.