Property, Plant, and Equipment, Net

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Property, plant, and equipment, net included the following:


	March 31, 2025		March 31, 2024		December 31, 2024
	(In thousands)
Land	$	42,558	$	19,590	$	42,584
Buildings	352,744		312,034		350,920
Machinery and equipment	614,004		623,141		605,311
Software	234,823		233,655		234,699
Tools, dies, and molds	486,670		495,158		476,551
Leasehold improvements	107,924		119,777		107,139
Construction in progress	61,065		39,266		62,130
	1,899,788		1,842,621		1,879,334
Less: accumulated depreciation	(1,383,898)		(1,390,401)		(1,363,285)
	$	515,890	$	452,220	$	516,049

In July 2024, Mattel completed the purchase of an office building located in El Segundo, California for cash consideration of $58.8 million. The building totals approximately 168,000 square feet and, upon completion of an interior build-out, will replace a currently leased facility that supports Mattel's global design and development and other activities. The building will support the North America and International segments.

MATTEL INC /DE/ 10-Q