Cover Notes to Financial Statements

Cover	12 Months Ended
Cover	Dec. 31, 2025
Document Information [Line Items]
Document Type	DEF 14A
Amendment Flag	false
Entity Information [Line Items]
Entity Registrant Name	MATTEL INC /DE/
Entity Central Index Key	0000063276

Pay vs Performance Disclosure - USD ($)

12 Months Ended

24 Months Ended

36 Months Ended

48 Months Ended

60 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2021

Dec. 31, 2022

Dec. 31, 2023

Dec. 31, 2024

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay versus Performance

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of SEC

Regulation S-K, we are providing the following information about the relationship between executive “compensation actually paid”

and certain financial performance of the Company. For further information concerning the Company’s pay for performance

philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Executive

Compensation – Compensation Discussion and Analysis.”


Year	Summary Compensation Table Total for Principal Executive Officer (“PEO”)(1) ($)	Compensation Actually Paid to PEO(2) ($)	Average Summary Compensation Total for Non- PEO NEOs(3) ($)	Average Compensation Actually Paid to Non-PEO NEOs (4) ($)	Value of Initial Fixed $100 Investment Based On:		Net Income(7) ($)	MIP-Adjusted EBITDA Less Capital Charge (8) ($)
Year		Compensation Actually Paid to PEO(2) ($)	Average Summary Compensation Total for Non- PEO NEOs(3) ($)	Average Compensation Actually Paid to Non-PEO NEOs (4) ($)	Total Shareholder Return(5) ($)	Peer Group Total Shareholder Return(6) ($)	Net Income(7) ($)	MIP-Adjusted EBITDA Less Capital Charge (8) ($)
(a)	(b)	(c)	(d)	(e)	(f)	(g)	(h)	(i)
2025	15,060,621	17,642,086	3,807,763	3,106,600	114	154	398	725
2024	37,802,591	31,437,589	4,006,070	3,555,437	102	145	542	807
2023	18,948,385	30,825,128	4,573,625	4,036,440	108	112	214	647
2022	11,890,387	(6,690,512)	3,553,671	242,561	102	78	394	521
2021	16,128,895	26,713,850	5,152,260	7,128,999	124	124	903	699

Company Selected Measure Name

MIP-Adjusted EBITDA Less Capital Charge

Named Executive Officers, Footnote

(1) The amounts reported in column (b) are the amounts reported for Mr. Kreiz (our CEO) for each of the corresponding years in the “Total” column of the Summary Compensation Table. Refer to

the “Summary Compensation Table.”

Peer Group Issuers, Footnote

(6) The peer group used for this purpose is the following published industry index: S&P 500 Consumer Discretionary Index.

PEO Total Compensation Amount

$ 15,060,621

$ 37,802,591

$ 18,948,385

$ 11,890,387

$ 16,128,895

PEO Actually Paid Compensation Amount

$ 17,642,086

31,437,589

30,825,128

(6,690,512)

26,713,850

Adjustment To PEO Compensation, Footnote

(2) The amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Kreiz, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect the

total compensation actually realized or received by Mr. Kreiz. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the Summary Compensation Table for

each year, adjusted as shown in the table immediately below with respect to fiscal year 2025. Equity award values are calculated in accordance with FASB ASC Topic 718, and the valuation

assumptions used to calculate fair values were determined in a consistent manner and did not materially differ from those disclosed at the time of grant, other than for outstanding Performance

Units, which uses actual performance achievement of 116% of target for the 2023-2025 LTIP Performance Units and assumes performance achievement of 96% and 92% of target for the

2024-2026 LTIP Performance Units and 2025-2027 LTIP Performance Units, respectively.


Compensation Actually Paid to PEO	2025	2024	2023	2022	2021
Summary Compensation Table Total	15,060,621	37,802,591	18,948,385	11,890,387	16,128,895
Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table	(10,821,996)	(29,828,352)	(11,412,502)	(10,250,004)	(9,999,997)
Less, Change in Pension Value reported in Summary Compensation Table	—	—	—	—	—
Plus, year-end fair value of outstanding and unvested equity awards granted in the year	10,901,336	26,941,037	15,658,508	1,652,156	10,349,756
Plus, fair value as of vesting date of equity awards granted and vested in the year		—	—	—	—
Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years	2,889,406	(3,097,151)	4,327,221	(10,536,425)	9,714,985
Plus (less), change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year	(387,281)	(380,537)	3,303,515	553,375	520,211
Less, prior year-end fair value for any equity awards forfeited in the year		—	—	—	—
Plus, pension service cost for services rendered during the year	—	—	—	—	—
Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year	—	—	—	—	—
Compensation Actually Paid to PEO	17,642,086	31,437,589	30,825,128	(6,690,512)	26,713,850

Non-PEO NEO Average Total Compensation Amount

$ 3,807,763

4,006,070

4,573,625

3,553,671

5,152,260

Non-PEO NEO Average Compensation Actually Paid Amount

$ 3,106,600

3,555,437

4,036,440

242,561

7,128,999

Adjustment to Non-PEO NEO Compensation Footnote

(3) The amounts reported in column (d) represent the average of the amounts reported for our NEOs as a group (excluding Mr. Kreiz) in the “Total” column of the Summary Compensation Table in

each applicable year. The names of each of the NEOs included for these purposes in each applicable year are as follows: (i) for 2025, Messrs. Ruh, Totzke, Anschell, and Isaias, and Anthony

DiSilvestro, our former Chief Financial Officer; (ii) for 2024, Messrs. DiSilvestro, Totzke, Anschell, and Isaias; (iii) for 2023, Messrs. DiSilvestro, Totzke, Anschell, and Isaias, and Richard

Dickson, our former President and Chief Operating Officer; (iv) for 2022, Messrs. Dickson, DiSilvestro, Totzke, and Anschell; and (v) for 2021, Messrs. Dickson, DiSilvestro, Totzke, and

Anschell.

(4)The amounts reported in column (e) represent the average amount of “compensation actually paid” to our NEOs as a group (excluding Mr. Kreiz), as computed in accordance with Item 402(v)

of Regulation S-K. In accordance with these rules, these amounts reflect average “Total Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown

below with respect to fiscal year 2025. Equity award values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values were

determined in a consistent manner and did not materially differ from those disclosed at the time of grant, other than for outstanding Performance Units, which uses actual performance

achievement of 116% of target for the 2023-2025 LTIP Performance Units and assumes performance achievement of 96% and 92% of target for the 2024-2026 LTIP Performance Units and

2025-2027 LTIP Performance Units, respectively.


Average Compensation Actually Paid to Non-PEO NEOs	2025	2024	2023	2022	2021
Average Summary Compensation Table Total	3,807,763	4,006,070	4,573,625	3,553,671	5,152,260
Less, average value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table	(2,604,006)	(1,912,500)	(2,794,003)	(2,575,001)	(2,643,751)
Less, average Change in Pension Value reported in Summary Compensation Table	—	—	—	—	—
Plus, average year-end fair value of outstanding and unvested equity awards granted in the year	2,708,485	1,888,554	2,007,385	916,155	2,729,679
Plus, average fair value as of vesting date of equity awards granted and vested in the year		—	—	—	—
Plus (less), average year over year change in fair value of outstanding and unvested equity awards granted in prior years	105,050	(375,644)	550,875	(1,812,180)	1,501,416
Plus (less), change in average fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year	(81,847)	(51,043)	(39,557)	159,916	389,395
Less, prior year-end fair value for any equity awards forfeited in the year	(828,846)	—	(261,885)	—	—
Plus, average pension service cost for services rendered during the year	—	—	—	—	—
Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year	—	—	—	—	—
Average Compensation Actually Paid to Non-PEO NEOs	3,106,600	3,555,437	4,036,440	242,561	7,128,999

Compensation Actually Paid vs. Total Shareholder Return

Description of Certain Relationships between Information

Presented in the Pay versus Performance Table

As described in more detail in the section “Compensation Discussion and Analysis,” the Company’s executive compensation

programs reflect a variable pay for performance philosophy. While the Company utilizes several performance measures to align

executive compensation with Company performance, all of those Company measures are not presented in the Pay versus

Performance table. Moreover, the Company generally seeks to incentivize long-term performance and, therefore, does not

specifically align the Company’s performance measures with compensation that is actually paid (as computed in accordance with

SEC rules) for a particular year. In accordance with SEC rules, the Company is providing the following descriptions of the

relationships between information presented in the Pay versus Performance table.

Compensation Actually Paid, Cumulative TSR, and Peer Group TSR

Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Income

Compensation Actually Paid vs. Company Selected Measure

Compensation Actually Paid and MIP-Adjusted EBITDA Less Capital Charge

Tabular List, Table

Financial Performance Measures

As described in greater detail under “Compensation Discussion and Analysis,” the Company’s executive compensation programs

reflect a variable pay for performance philosophy. The metrics that the Company uses for both our short- and long-term incentives

are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our stockholders. The most

important financial performance measures used by the Company to link executive compensation actually paid to the Company’s

NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:

1.MIP-Adjusted EBITDA Less Capital Charge

2.MIP-Adjusted Net Sales

3.MIP-Adjusted Gross Margin

Total Shareholder Return Amount

$ 124

$ 102

$ 108

$ 102

$ 114

Peer Group Total Shareholder Return Amount

$ 124

$ 78

$ 112

$ 145

$ 154

Net Income (Loss)

$ 398,000,000

$ 542,000,000

$ 214,000,000

$ 394,000,000

$ 903,000,000

Company Selected Measure Amount

725,000,000

807,000,000

647,000,000

521,000,000

699,000,000

PEO Name

Mr. Kreiz

Additional 402(v) Disclosure

(5)TSR is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (ii) the difference between the Company’s

share price at the end of each fiscal year shown and the beginning of the measurement period by (b) the Company’s share price at the beginning of the measurement period. The beginning of

the measurement period for each year in the table is December 31, 2020.

(7)The amounts reported represent the amount of Net Income, in millions, reflected in the Company’s audited financial statements for the applicable year.

Measure:: 1

Pay vs Performance Disclosure

Name

MIP-Adjusted EBITDA Less Capital Charge

Non-GAAP Measure Description

(8)The amounts reported represent the amount MIP-Adjusted EBITDA Less Capital Charge, in millions. For a description of the adjustments under MIP-Adjusted EBITDA Less Capital Charge,

please see “Management Incentive Non-GAAP Financial Measures” on page 101.

Measure:: 2

Pay vs Performance Disclosure

Name

MIP-Adjusted Net Sales

Measure:: 3

Pay vs Performance Disclosure

Name

MIP-Adjusted Gross Margin

PEO | Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (10,821,996)

$ (29,828,352)

$ (11,412,502)

$ (10,250,004)

$ (9,999,997)

PEO | Less, Change in Pension Value reported in Summary Compensation Table [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

PEO | Plus, year-end fair value of outstanding and unvested equity awards granted in the year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

10,901,336

26,941,037

15,658,508

1,652,156

10,349,756

PEO | Plus, fair value as of vesting date of equity awards granted and vested in the year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

PEO | Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,889,406

(3,097,151)

4,327,221

(10,536,425)

9,714,985

PEO | Plus (less), change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(387,281)

(380,537)

3,303,515

553,375

520,211

PEO | Less, prior year-end fair value for any equity awards forfeited in the year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

PEO | Plus, pension service cost for services rendered during the year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

PEO | Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

Non-PEO NEO | Less, prior year-end fair value for any equity awards forfeited in the year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(828,846)

(261,885)

Non-PEO NEO | Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

Non-PEO NEO | Less, average value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(2,604,006)

(1,912,500)

(2,794,003)

(2,575,001)

(2,643,751)

Non-PEO NEO | Less, average Change in Pension Value reported in Summary Compensation Table [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

Non-PEO NEO | Plus, average year-end fair value of outstanding and unvested equity awards granted in the year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,708,485

1,888,554

2,007,385

916,155

2,729,679

Non-PEO NEO | Plus, average fair value as of vesting date of equity awards granted and vested in the year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

Non-PEO NEO | Plus (less), average year over year change in fair value of outstanding and unvested equity awards granted in prior years [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

105,050

(375,644)

550,875

(1,812,180)

1,501,416

Non-PEO NEO | Plus (less), change in average fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(81,847)

(51,043)

(39,557)

159,916

389,395

Non-PEO NEO | Plus, average pension service cost for services rendered during the year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

Award Timing Disclosure	3 Months Ended	12 Months Ended
Award Timing Disclosure	Mar. 31, 2025	Dec. 31, 2025
Award Timing Disclosures [Line Items]
Award Timing Method		During fiscal year 2025, we did not provide any stock grants in the form of stock options to NEOs. We did not provide any stock grants to an NEO during the four business days prior to or the one business day following the filing of our periodic reports or the filing or furnishing of a Form 8-K that disclosed material nonpublic information, and we did not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation for any NEO stock grants in fiscal year 2025.
Award Timing Predetermined	false
MNPI Disclosure Timed for Compensation Value	false

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true