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Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Net Sales by Business Segment

Net sales by reportable business segment for the years ended December 31, 2020, 2019 and 2018 were as follows:

(in millions)			2020						2019						2018
ACCO Brands North America			$	822.1					$	966.8					$	940.7
ACCO Brands EMEA			523.9						569.3						605.2
ACCO Brands International			309.2						419.6						395.3
Net sales			$	1,655.2					$	1,955.7					$	1,941.2

Schedule of Operating Income by Business Segment

Operating income by reportable business segment for the years ended December 31, 2020, 2019 and 2018 was as follows:

(in millions)			2020						2019						2018
ACCO Brands North America			$	83.0					$	131.0					$	116.6
ACCO Brands EMEA			51.6						58.6						59.4
ACCO Brands International			15.6						48.5						49.2
Segment operating income			150.2						238.1						225.2
Corporate(1)			(37.8)						(41.9)						(38.2)
Operating income(2)			112.4						196.2						187.0
Interest expense			38.8						43.2						41.2
Interest income			(1.0)						(3.2)						(4.4)
Non-operating pension income			(5.6)						(5.5)						(9.3)
Other expense (income), net			1.6						(1.8)						1.6
Income before income tax			$	78.6					$	163.5					$	157.9

(1)Corporate operating loss in 2020, 2019 and 2018 includes transaction costs of $3.7 million, $1.6 million and $0.5 million respectively, primarily for legal and due diligence expenditures associated with the PowerA, Foroni and GOBA acquisitions.

(2)Operating income as presented in the segment table above is defined as i) net sales; ii) less cost of products sold; iii) less SG&A expenses; iv) less amortization of intangibles; and v) less restructuring charges.

Reconciliation of Assets from Segment to Consolidated

The following table presents the measure of reportable business segment assets used by the Company’s chief operating decision maker as of December 31, 2020 and 2019:

(in millions)			2020						2019
ACCO Brands North America(3)			$	401.4					$	403.4
ACCO Brands EMEA(3)			265.8						257.9
ACCO Brands International(3)			272.1						384.1
Total segment assets			939.3						1,045.4
Unallocated assets			2,108.1						1,742.3
Corporate(3)			1.3						0.9
Total assets			$	3,048.7					$	2,788.6

(3)    Represents total assets, excluding goodwill and identifiable intangibles resulting from business acquisitions, intercompany balances, cash, deferred taxes, derivatives, prepaid pension assets, prepaid debt issuance costs and right of use asset, leases.

Schedule of Assets by Segment Including Allocation of Intangible Assets and Goodwill

As a supplement to the presentation of reportable business segment assets presented above, the table below presents reportable business segment assets, including the allocation of identifiable intangible assets and goodwill resulting from business combinations as of December 31, 2020 and 2019:

(in millions)			2020						2019
ACCO Brands North America(4)			$	1,476.3					$	1,165.1
ACCO Brands EMEA(4)			710.4						670.9
ACCO Brands International(4)			556.9						686.7
Total segment assets			2,743.6						2,522.7
Unallocated assets			303.8						265.0
Corporate(4)			1.3						0.9
Total assets			$	3,048.7					$	2,788.6

(4)    Represents total assets, excluding intercompany balances, cash, deferred taxes, derivatives, prepaid pension assets, prepaid debt issuance costs and right of use asset, leases.

Schedule of Capital Spend and Depreciation Expense by Segment

Capital spend by reportable business segment for the years ended December 31, 2020, 2019 and 2018 was as follows:

(in millions)			2020						2019						2018
ACCO Brands North America			$	9.3					$	21.7					$	24.3
ACCO Brands EMEA			4.0						7.0						6.1
ACCO Brands International			2.0						4.1						3.7
Total capital spend			$	15.3					$	32.8					$	34.1

Depreciation expense by reportable business segment for the years ended December 31, 2020, 2019 and 2018 was as follows:

(in millions)			2020						2019						2018
ACCO Brands North America			$	19.6					$	17.3					$	15.9
ACCO Brands EMEA			12.7						12.2						12.6
ACCO Brands International			5.6						5.4						5.5
Total depreciation			$	37.9					$	34.9					$	34.0

Schedule of Property, Plant and Equipment, Net by Geographic Region

Property, plant and equipment, net by reportable business segment as of December 31, 2020 and 2019 was as follows:

(in millions)			2020						2019
U.S.			$	107.1					$	116.6
Canada			1.2						1.7
ACCO Brands North America			108.3						118.3
ACCO Brands EMEA			88.8						92.8
Australia/N.Z.			12.3						12.1
Latin America			30.4						42.2
Asia-Pacific			1.6						1.7
ACCO Brands International			44.3						56.0
Property, plant and equipment, net			$	241.4					$	267.1

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