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Information on Business Segments
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Information on Business Segments
17. Information on Business Segments

The Company has three operating business segments, each of which is comprised of different geographic regions. The Company's three segments are as follows:
Operating SegmentGeographyPrimary BrandsPrimary Products
ACCO Brands North AmericaUnited States and Canada
PowerA®, Five Star®, Kensington®, AT-A-GLANCE®, Quartet®, Swingline®, GBC®, Mead®, Hilroy®
Gaming and computer accessories, school products, planners, storage and organization (3-ring binders), dry erase boards, laminating, binding, stapling and punching products
ACCO Brands EMEAEurope, Middle East and Africa
Leitz®, Rapid®, Esselte®, Kensington®, Rexel® GBC®, PowerA®, NOBO®, Derwent®
Storage and organization products (lever-arch binders, sheet protectors, indexes), computer and gaming accessories, laminating, shredding, stapling, punching, do-it-yourself tools, dry erase boards and writing instruments
ACCO Brands InternationalAustralia/N.Z., Latin America and Asia-Pacific
Tilibra®, Foroni®, GBC®, Barrilito®, Marbig®, Kensington®, Artline®*, PowerA®, Spirax®, Quartet®, Wilson Jones®, Rexel®
*Australia/N.Z. only
School notebooks, laminating, shredding, storage and organization products (binders, sheet protectors and indexes), writing and arts products, janitorial supplies, dry erase boards, and stapling and punching products

Each business segment designs, markets, sources, manufactures, and sells recognized consumer, technology and other end-user products used in businesses, schools, and homes. Product designs are tailored to end-user preferences in each geographic region, and where possible, leverage common engineering, design, and sourcing.

Our product categories include gaming and computer accessories; storage and organization; notebooks; laminating, shredding, and binding machines; calendars; stapling; punching; dry erase boards; and do-it-yourself tools, among others. Our portfolio includes both globally and regionally recognized brands.

Customers

We distribute our products through a wide variety of retail and commercial channels to ensure that our products are readily and conveniently available for purchase by consumers and other end-users, wherever they prefer to shop. These channels include mass retailers, e-tailers, discount, drug/grocery and variety chains, warehouse clubs, hardware and specialty stores, independent office product dealers, office superstores, wholesalers, contract stationers, and specialist technology businesses. We also sell directly to commercial and consumer end-users through e-commerce sites and our direct sales organization.

Net sales by reportable business segment for the three and six months ended June 30, 2021 and 2020 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2021202020212020
ACCO Brands North America$295.1 $231.7 $483.9 $399.5 
ACCO Brands EMEA157.0 88.3 313.9 215.8 
ACCO Brands International65.7 46.9 130.5 135.7 
Net sales$517.8 $366.9 $928.3 $751.0 
Operating income (loss) by business segment for the three and six months ended June 30, 2021 and 2020 was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2021202020212020
ACCO Brands North America$53.8 $37.4 $53.1 $45.0 
ACCO Brands EMEA9.9 (1.8)26.7 10.2 
ACCO Brands International2.8 (4.4)3.4 1.5 
Segment operating income66.5 31.2 83.2 56.7 
Change in fair value of contingent consideration(4.9)— (11.6)— 
Corporate(11.7)(12.7)(22.8)(20.8)
Operating income(1)
49.9 18.5 48.8 35.9 
Interest expense11.6 9.9 24.8 18.5 
Interest income(0.5)(0.3)(0.6)(0.6)
Non-operating pension income(2.5)(1.5)(3.3)(3.0)
Other (income) expense, net(9.0)1.2 3.9 0.7 
Income before income tax$50.3 $9.2 $24.0 $20.3 

(1)Operating income (loss) is defined as i) net sales; ii) less cost of products sold; iii) less selling, general and administrative expenses; iv) less amortization of intangibles; v) less restructuring charges; and vi) less change in the fair value of contingent consideration.