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Goodwill and Identifiable Intangibles (Tables)
 12 Months Ended
Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]  
Changes in Net Carrying Amount of Goodwill by Segment
Changes in the net carrying amount of goodwill by segment were as follows:
 
(in millions)
ACCO
Brands
North America
 
ACCO
Brands
EMEA
 
ACCO
Brands
International
 
Total
 
 
Balance at December 31, 2017
$
375.6

 
$
129.4

 
$
165.3

 
$
670.3

 
Acquisitions(1)
—

 
—

 
2.4

 
2.4

 
Foreign currency translation
—

 
36.2

 
—

 
36.2

 
Balance at December 31, 2018
375.6

 
165.6

 
167.7

 
708.9

 
Acquisitions(1)
—

 
—

 
10.1

 
10.1

 
Foreign currency translation
—

 
0.1

 
(0.5
)
 
(0.4
)
 
Balance at December 31, 2019
$
375.6

 
$
165.7

 
$
177.3

 
$
718.6
Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets
The gross carrying value and accumulated amortization by class of identifiable intangible assets as of December 31, 2019 and 2018 were as follows:
 
December 31, 2019
 
December 31, 2018
(in millions)
Gross
Carrying
Amounts
 
Accumulated
Amortization
 
Net
Book
Value
 
Gross
Carrying
Amounts
 
Accumulated
Amortization
 
Net
Book
Value
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Trade names
$
467.3

 
$
(44.5
)
(1) 
$
422.8

 
$
471.7

 
$
(44.5
)
(1) 
$
427.2

Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Trade names
316.7

 
(83.7
)
 
233.0

 
306.0

 
(70.5
)
 
235.5

Customer and contractual relationships
241.0

 
(142.3
)
 
98.7

 
240.2

 
(120.5
)
 
119.7

Patents
5.5

 
(1.4
)
 
4.1

 
5.5

 
(0.9
)
 
4.6

Subtotal
563.2

 
(227.4
)
 
335.8

 
551.7

 
(191.9
)
 
359.8

Total identifiable intangibles
$
1,030.5

 
$
(271.9
)
 
$
758.6

 
$
1,023.4

 
$
(236.4
)
 
$
787.0


(1)
Accumulated amortization prior to the adoption of authoritative guidance on goodwill and other intangible assets, at which time further amortization ceased.
Estimated Amortization Expense for Future Periods
Estimated amortization expense for amortizable intangible assets for the next five years is as follows:
(in millions)
2020
 
2021
 
2022
 
2023
 
2024
Estimated amortization expense(2)
$
32.0

 
$
28.4

 
$
24.9

 
$
22.6

 
$
21.0



(2)
Actual amounts of amortization expense may differ from estimated amounts due to changes in foreign currency exchange rates, additional intangible asset acquisitions, impairment of intangible assets, accelerated amortization of intangible assets and other events.
Cumberland Asset Acquisition  
Finite-Lived Intangible Assets [Line Items]  
Schedule of Acquired Identifiable Intangible Assets The allocation of the identifiable intangibles acquired in the Cumberland Asset Acquisition was as follows:
(in millions)
Fair Value
 
Remaining Useful Life Ranges
Trade name - amortizable
$
0.8

 
10 Years
Customer relationships
2.4

 
7 Years
Total identifiable intangibles acquired
$
3.2

 
 
GOBA Acquisition  
Finite-Lived Intangible Assets [Line Items]  
Schedule of Acquired Identifiable Intangible Assets The allocations of the identifiable intangibles acquired in the GOBA Acquisition were as follows:
(in millions)
Fair Value
 
Remaining Useful Life Ranges
Trade name - amortizable
$
3.8

 
15 years
Customer relationships
6.5

 
10 years
Total identifiable intangibles acquired
$
10.3

 
 
Esselte Acquisition  
Finite-Lived Intangible Assets [Line Items]  
Schedule of Acquired Identifiable Intangible Assets The allocations of the identifiable intangibles acquired in the Esselte Acquisition were as follows:
(in millions)
Fair Value
 
Remaining Useful Life Ranges
Trade name - indefinite lived
$
116.8

 
Indefinite
Trade names - amortizable
53.2

 
15-30 Years
Customer relationships
102.4

 
15 Years
Patents
4.6

 
10 Years
Total identifiable intangibles acquired
$
277.0