Valuation and Qualifying Accounts and Allowances

12 Months Ended

Dec. 31, 2025

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts and Allowances

SCHEDULE II

MATTEL, INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS AND ALLOWANCES

	Balance at Beginning of Year		Additions (Reductions) Charged to Operations			Net Deductions and Other			Balance at End of Year
	(In thousands)
Allowance for Credit Losses:
Year Ended December 31, 2025	$	8,214	$	9,807		$	(638)	(a)	$	17,383
Year Ended December 31, 2024	8,751		2,940			(3,477)		(a)	8,214
Year Ended December 31, 2023	27,603		(1,502)			(17,350)		(a)	8,751
Income Tax Valuation Allowances:
Year Ended December 31, 2025	$	97,661	$	7,063	(b)	$	(4,270)	(c)	$	100,454
Year Ended December 31, 2024	85,352		19,876		(b)	(7,567)		(c)	97,661
Year Ended December 31, 2023	89,841		215,915		(b)	(220,404)		(c)	85,352

(a)Includes write-offs, recoveries of previous write-offs, probable insurance recoveries, and currency translation adjustments.

(b)For the year ended December 31, 2025, the additions primarily represent the establishment of a valuation allowance of $3.1 million on certain U.S. federal and state and foreign deferred tax assets during the fourth quarter of 2025 related to deferred tax assets without benefit. For the year ended December 31, 2024, the additions primarily represent the establishment of a valuation allowance of $14.2 million on certain foreign deferred tax assets during the fourth quarter of 2024 related to losses without benefit. For the year ended December 31, 2023, the additions primarily represent the establishment of a valuation allowance of $212.4 million on certain foreign deferred tax assets during the third quarter of 2023 resulting from the intragroup transfer of certain IP rights and increases related to losses and credits without benefit. See Item 8 "Financial Statements and Supplementary Data – Note 16 to the Consolidated Financial Statements – Income Taxes" for additional details.

(c)For the year ended December 31, 2025, the deductions primarily related to projected utilization of loss carryforwards and credits. For the year ended December 31, 2024, the deductions primarily related to projected utilization of loss carryforwards and credits and the reversal of the valuation allowances on certain state and foreign deferred tax assets. For the year ended December 31, 2023, the deductions primarily represent the subsequent write-off of the $212.4 million of foreign deferred tax assets that were reserved for in the third quarter of 2023 and projected utilization of loss carryforwards. See Item 8 "Financial Statements and Supplementary Data – Note 16 to the Consolidated Financial Statements – Income Taxes" for additional details.