Employee Benefit Plans

3 Months Ended

Mar. 31, 2026

Retirement Benefits [Abstract]

Employee Benefit Plans

Employee Benefit Plans

Mattel and certain of its subsidiaries have qualified and nonqualified retirement plans covering substantially all employees of these companies, which are more fully described in Part II, Item 8 "Financial Statements and Supplementary Data—Note 4 to the Consolidated Financial Statements–Employee Benefit Plans" in the 2025 Annual Report on Form 10-K.

The components of Mattel's net periodic benefit cost for defined benefit pension plans were as follows:

	For the Three Months Ended
	March 31, 2026		March 31, 2025
	(In thousands)
Service cost	$	925	$	830
Interest cost	4,715		5,080
Expected return on plan assets	(3,629)		(4,369)
Amortization of prior service cost	50		49
Recognized actuarial loss	2,119		2,165
Net periodic benefit cost	$	4,180	$	3,755

The components of Mattel's net periodic benefit credit for postretirement benefit plans were as follows:

	For the Three Months Ended
	March 31, 2026		March 31, 2025
	(In thousands)
Interest cost	$	26	$	36
Amortization of prior service credit	—		(499)
Recognized actuarial gain	(78)		(73)
Net periodic benefit credit	$	(52)	$	(536)

Mattel's service cost component is recorded within operating loss while other components of net periodic benefit costs for defined benefit pension and postretirement benefit plans are recorded within other non-operating (income) expense, net.

During the three months ended March 31, 2026, Mattel made cash contributions totaling approximately $1 million related to its defined benefit pension and postretirement benefit plans. During the remainder of 2026, Mattel expects to make additional cash contributions of approximately $13 million.