Washington ? Toy maker Mattel Inc. and its Fisher-Price subsidiary have agreed to pay a $2.3 million civil penalty for importing and selling toys with excessive levels of lead.

The penalty is part of a settlement the companies reached with the Consumer Product Safety Commission, which announced Friday, that the toymaker had knowingly violated a 30-year-old federal ban on lead paint in toys.

The companies deny having willfully violated the ban.

The penalty stems from a series of recalls by Mattel and Fisher-Price in 2007, when the companies recalled nearly 2 million popular Big Bird, Elmo, Dora and other toys because of excessive levels of lead found in the paint on the toys.

Barbie doll accessories and “Sarge” toy cars were also part of the recalls.

The commission says the fine is the biggest for a lead paint violation involving children’s toys.