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Goodwill And Identifiable Intangibles (Tables)
3 Months Ended
Mar. 31, 2020
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, 2019
$
375.6

 
$
165.7

 
$
177.3

 
$
718.6

Acquisitions

 

 
(0.5
)
 
(0.5
)
Foreign currency translation

 
2.1

 
(2.5
)
 
(0.4
)
Balance at March 31, 2020
$
375.6

 
$
167.8

 
$
174.3

 
$
717.7



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 March 31, 2020 and December 31, 2019, was as follows:
 
March 31, 2020
 
December 31, 2019
(in millions)
Gross
Carrying
Amounts
 
Accumulated
Amortization
 
Net
Book
Value
 
Gross
Carrying
Amounts
 
Accumulated
Amortization
 
Net
Book
Value
Indefinite-lived intangible assets:

 

 
 
 

 

 
 
Trade names
$
454.2

 
$
(44.5
)
(1) 
$
409.7

 
$
467.3

 
$
(44.5
)
(1) 
$
422.8

Amortizable intangible assets:

 

 
 
 

 

 
 
Trade names
308.4

 
(85.8
)
 
222.6

 
316.7

 
(83.7
)
 
233.0

Customer and contractual relationships
232.9

 
(143.2
)
 
89.7

 
241.0

 
(142.3
)
 
98.7

Patents
5.4

 
(1.5
)
 
3.9

 
5.5

 
(1.4
)
 
4.1

Subtotal
546.7

 
(230.5
)
 
316.2

 
563.2

 
(227.4
)
 
335.8

Total identifiable intangibles
$
1,000.9

 
$
(275.0
)
 
$
725.9

 
$
1,030.5

 
$
(271.9
)
 
$
758.6


(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 as of March 31, 2020, for the current year and the next five years is as follows:
(in millions)
2020
 
2021
 
2022
 
2023
 
2024
 
2025
Estimated amortization expense(2)
$
32.0

 
$
28.4

 
$
24.9

 
$
22.6

 
$
21.0

 
$
19.4



(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.