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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

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