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Goodwill and Identifiable Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2021
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, 2020$461.2 $188.2 $178.0 $827.4 
Acquisitions(1)
(18.2)2.0 — (16.2)
Foreign currency translation— (4.4)0.5 (3.9)
Balance at June 30, 2021$443.0 $185.8 $178.5 $807.3 

(1)Goodwill has been recorded on our Consolidated Balance Sheet related to the Franken acquisition and represents the excess of the cost of the Franken acquisition when compared to the fair value estimate of the net assets acquired on April 1, 2021 (the date of the Franken acquisition). Goodwill has been recorded on our Consolidated Balance Sheet related to the PowerA Acquisition and represents the excess of the cost of the PowerA Acquisition when compared to the fair value estimate of the net assets acquired on December 17, 2020 (the date of the PowerA Acquisition). During the first quarter of 2021, the Company received a working capital adjustment of $18.2 million recorded as a reduction to the preliminary purchase price. See "Note 3. Acquisitions" for details on the calculation of the goodwill acquired in the PowerA Acquisition.
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 June 30, 2021 and December 31, 2020, were as follows:
June 30, 2021December 31, 2020
(in millions)Gross
Carrying
Amounts		Accumulated
Amortization		Net
Book
Value		Gross
Carrying
Amounts		Accumulated
Amortization		Net
Book
Value
Indefinite-lived intangible assets:
Trade names$423.7 $(44.5)(1)$379.2 $467.5 $(44.5)(1)$423.0 
Amortizable intangible assets:
Trade names383.3 (104.4)278.9 343.5 (97.7)245.8 
Customer and contractual relationships372.6 (174.2)198.4 376.8 (162.9)213.9 
Vendor relationships87.7 (3.2)84.5 87.7 (0.2)87.5 
Patents8.8 (2.5)6.3 8.9 (2.1)6.8 
Subtotal852.4 (284.3)568.1 816.9 (262.9)554.0 
Total identifiable intangibles$1,276.1 $(328.8)$947.3 $1,284.4 $(307.4)$977.0 

(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, as of June 30, 2021, for the current year and the next five years is as follows:
(in millions)202120222023202420252026
Estimated amortization expense(2)
$46.3 $42.6 $40.2 $38.5 $36.8 $34.5 

(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 Finite-Lived Intangible Assets Acquired as Part of Business Combination The allocation of the identifiable intangibles acquired in the PowerA Acquisition was as follows:
(in millions)Fair ValueRemaining Useful Life
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