Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Income (Loss)

The following tables present information regarding segment income and significant expense information for Mattel's reportable segments. Unallocated corporate and other operating expenses include operating costs not allocated to individual segments, including charges related to incentive and share-based compensation, corporate headquarters functions managed on a worldwide basis, the impact of changes in foreign currency exchange rates on intercompany transactions, and certain severance and other restructuring costs. It is impracticable for Mattel to present net sales by categories, brands, or products, as trade discounts and other allowances are generally recorded in the financial accounting systems by customer.

	For the Three Months Ended
	March 31, 2026		March 31, 2025
	(In thousands)
North America Segment:
Net sales	$	475,144	$	491,365
Less:
Cost of sales (a)	266,582		256,293
Advertising and promotion expenses	48,452		38,586
Other selling and administrative expenses	125,617		113,415
North America segment expenses	440,651		408,294
North America segment income	$	34,493	$	83,071
International Segment:
Net sales	$	387,027	$	335,264
Less:
Cost of sales (a)	202,733		175,522
Advertising and promotion expenses	44,401		31,612
Other selling and administrative expenses	120,022		104,810
International segment expenses	367,156		311,944
International segment income	$	19,871	$	23,320
Total Reportable Segments:
Net sales	$	862,171	$	826,629
Less:
Total segment expenses	807,807		720,238
Total segment income	$	54,364	$	106,391

(a)Cost of sales included severance and other restructuring charges of approximately $1 million and $2 million for the three months ended March 31, 2026 and March 31, 2025, respectively, which was allocated to the North America and International segments.

The following table is a reconciliation of segment income to income (loss) before income taxes for the periods indicated:

	For the Three Months Ended
	March 31, 2026		March 31, 2025
	(In thousands)
Total segment income	$	54,364	$	106,391
Unallocated corporate and other operating expenses (a)	157,044		159,371
Total operating loss	(102,680)		(52,980)
Interest expense	31,083		29,234
Interest (income)	(10,652)		(15,952)
Other non-operating (income) expense, net	(148,098)		13,040
Income (loss) before income taxes	$	24,987	$	(79,302)

(a)Unallocated corporate and other operating expenses included 1) incentive compensation expense of approximately $24 million for each of the three months ended March 31, 2026 and March 31, 2025, respectively, 2) equity compensation expense of approximately $13 million and $20 million for the three months ended March 31, 2026 and March 31, 2025, respectively, and 3) severance and other restructuring charges of approximately $17 million and $21 million for the three months ended March 31, 2026 and March 31, 2025, respectively.

Schedule of Segment Depreciation/Amortization

The following tables present information regarding depreciation and amortization by segment, as well as assets by segment.

	For the Three Months Ended
	March 31, 2026		March 31, 2025
	(In thousands)
Depreciation and Amortization by Segment
North America	$	23,594	$	22,873
International	15,374		13,860
	38,968		36,733
Corporate and other	4,991		5,052
Depreciation and amortization	$	43,959	$	41,785

Schedule of Segment Assets

Segment assets were comprised of accounts receivable and inventories, net of applicable reserves and allowances.

	March 31, 2026		March 31, 2025		December 31, 2025
	(In thousands)
Assets by Segment
North America	$	640,663	$	646,211	$	810,153
International	613,177		519,192		760,346
	1,253,840		1,165,403		1,570,499
Corporate and other	109,706		126,327		90,247
Accounts receivable and inventories, net	$	1,363,546	$	1,291,730	$	1,660,746

Schedule of Revenues by Geographic Area

The following table presents information regarding Mattel's net sales by geographic area. Net sales are attributed to countries based on the location of the customer:

	For the Three Months Ended
	March 31, 2026		March 31, 2025
	(In thousands)
Net Sales by Geographic Area
North America	$	475,144	$	491,365
International
EMEA	231,536		197,105
Latin America	74,180		64,601
Asia Pacific	81,311		73,558
Total International	387,027		335,264
Net sales	$	862,171	$	826,629