XML 63 R48.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Information on Business Segments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Segment Reporting [Abstract] |
Schedule of Net Sales by Business Segment | Net sales by reportable business segment for the years ended December 31, 2021, 2020 and 2019 were as follows:
(in millions) | 2021 |  | 2020 |  | 2019
ACCO Brands North America | $ | 1,042.4 |  |  | $ | 822.1 |  |  | $ | 966.8 |
ACCO Brands EMEA | 662.9 |  |  | 523.9 |  |  | 569.3 |
ACCO Brands International | 320.0 |  |  | 309.2 |  |  | 419.6 |
Net sales | $ | 2,025.3 |  |  | $ | 1,655.2 |  |  | $ | 1,955.7 |
Schedule of Operating Income by Business Segment | Operating income by reportable business segment for the years ended December 31, 2021, 2020 and 2019 was as follows:
(in millions) | 2021 |  | 2020 |  | 2019
ACCO Brands North America | $ | 121.9 |  |  | $ | 83.0 |  |  | $ | 131.0 |
ACCO Brands EMEA | 61.7 |  |  | 51.6 |  |  | 58.6 |
ACCO Brands International | 31.6 |  |  | 15.6 |  |  | 48.5 |
Segment operating income | 215.2 |  |  | 150.2 |  |  | 238.1 |
Change in fair value of contingent consideration | (19.0) |  |  | — |  |  | — |
Corporate(1) | (45.2) |  |  | (37.8) |  |  | (41.9) |
Operating income(2) | 151.0 |  |  | 112.4 |  |  | 196.2 |
Interest expense | 46.3 |  |  | 38.8 |  |  | 43.2 |
Interest income | (1.9) |  |  | (1.0) |  |  | (3.2) |
Non-operating pension income | (7.9) |  |  | (5.6) |  |  | (5.5) |
Other expense (income), net | 3.1 |  |  | 1.6 |  |  | (1.8) |
Income before income tax | $ | 111.4 |  |  | $ | 78.6 |  |  | $ | 163.5 |
(1)Corporate operating loss in 2021, 2020 and 2019 includes transaction costs of $0.2 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; v) less restructuring charges; and vi) less change in the fair value of contingent consideration.
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, 2021 and 2020:
(in millions) | 2021 |  | 2020
ACCO Brands North America(3) | $ | 535.2 |  |  | $ | 401.4 |
ACCO Brands EMEA(3) | 296.3 |  |  | 265.8 |
ACCO Brands International(3) | 265.1 |  |  | 272.1 |
Total segment assets | 1,096.6 |  |  | 939.3 |
Unallocated assets | 1,993.4 |  |  | 2,108.1 |
Corporate(3) | 1.3 |  |  | 1.3 |
Total assets | $ | 3,091.3 |  |  | $ | 3,048.7 |
(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 right of use asset, leases, the allocation of identifiable intangible assets and goodwill resulting from business combinations as of December 31, 2021 and 2020:
(in millions) | 2021 |  | 2020
ACCO Brands North America(4) | $ | 1,610.0 |  |  | $ | 1,511.5 |
ACCO Brands EMEA(4) | 728.6 |  |  | 736.0 |
ACCO Brands International(4) | 567.9 |  |  | 585.4 |
Total segment assets | 2,906.5 |  |  | 2,832.9 |
Unallocated assets | 183.5 |  |  | 214.5 |
Corporate(4) | 1.3 |  |  | 1.3 |
Total assets | $ | 3,091.3 |  |  | $ | 3,048.7 |
(4)Represents total assets, excluding intercompany balances, cash, deferred taxes, derivatives, prepaid pension assets, prepaid debt issuance costs.
Schedule of Capital Spend and Depreciation Expense by Segment | Capital spend by reportable business segment for the years ended December 31, 2021, 2020 and 2019 was as follows:
(in millions) | 2021 |  | 2020 |  | 2019
ACCO Brands North America | $ | 11.2 |  |  | $ | 9.3 |  |  | $ | 21.7 |
ACCO Brands EMEA | 7.3 |  |  | 4.0 |  |  | 7.0 |
ACCO Brands International | 2.7 |  |  | 2.0 |  |  | 4.1 |
Total capital spend | $ | 21.2 |  |  | $ | 15.3 |  |  | $ | 32.8 |
Depreciation expense by reportable business segment for the years ended December 31, 2021, 2020 and 2019 was as follows:
(in millions) | 2021 |  | 2020 |  | 2019
ACCO Brands North America | $ | 20.7 |  |  | $ | 19.6 |  |  | $ | 17.3 |
ACCO Brands EMEA | 13.1 |  |  | 12.7 |  |  | 12.2 |
ACCO Brands International | 5.6 |  |  | 5.6 |  |  | 5.4 |
Total depreciation | $ | 39.4 |  |  | $ | 37.9 |  |  | $ | 34.9 |
Schedule of Property, Plant and Equipment, Net by Geographic Region | Property, plant and equipment, net by reportable business segment as of December 31, 2021 and 2020 was as follows:
(in millions) | 2021 |  | 2020
U.S. | $ | 96.8 |  |  | $ | 107.1 |
Canada | 1.9 |  |  | 1.2 |
ACCO Brands North America | 98.7 |  |  | 108.3 |
ACCO Brands EMEA | 77.4 |  |  | 88.8 |
Australia/N.Z. | 11.3 |  |  | 12.3 |
Latin America | 25.8 |  |  | 30.4 |
Asia-Pacific | 1.4 |  |  | 1.6 |
ACCO Brands International | 38.5 |  |  | 44.3 |
Property, plant and equipment, net | $ | 214.6 |  |  | $ | 241.4 |

X
- Definition Schedule of Assets by Segment Including Allocation of Intangible Assets and Goodwill [Table Text Block] + References No definition available. + Details
Name: | abd_ScheduleOfAssetsBySegmentIncludingAllocationOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | abd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration