XML 53 R42.htm IDEA: XBRL DOCUMENT v3.21.1
Goodwill and Identifiable Intangibles (Tables)
 12 Months Ended
Dec. 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, 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, 2019375.6 165.7 177.3 718.6 
Acquisitions(1)
85.6 — 3.9 89.5 
Foreign currency translation— 22.5 (3.2)19.3 
Balance at December 31, 2020$461.2 $188.2 $178.0 $827.4 
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, 2020 and 2019 were as follows:
December 31, 2020December 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$467.5 $(44.5)(1)$423.0 $467.3 $(44.5)(1)$422.8 
Amortizable intangible assets:
Trade names343.5 (97.7)245.8 316.7 (83.7)233.0 
Customer and contractual relationships376.8 (162.9)213.9 241.0 (142.3)98.7 
Vendor relationships87.7 (0.2)87.5 — — — 
Patents8.9 (2.1)6.8 5.5 (1.4)4.1 
Subtotal816.9 (262.9)554.0 563.2 (227.4)335.8 
Total identifiable intangibles$1,284.4 $(307.4)$977.0 $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 for the next five years is as follows:
(in millions)20212022202320242025
Estimated amortization expense(2)
$46.3 $42.6 $40.2 $38.5 $36.8 

(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.
PowerA  
Finite-Lived Intangible Assets [Line Items]  
Schedule of Acquired Identifiable Intangible Assets The allocation of the identifiable intangibles acquired in the PowerA Acquisition was as follows:
(in millions)Fair ValueRemaining Useful Life Ranges
Trade name$21.6 15 years
Customer relationships127.6 15 years
Vendor relationships87.7 15 years
Developed technology2.8 5 years
Total identifiable intangibles acquired$239.7 
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 ValueRemaining Useful Life Ranges
Trade name - amortizable$0.8 10 years
Customer relationships2.4 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 ValueRemaining Useful Life Ranges
Trade name - amortizable$3.8 15 years
Customer relationships6.5 10 years
Total identifiable intangibles acquired$10.3