XML 58 R41.htm IDEA: XBRL DOCUMENT v3.22.4

Restructuring (Tables)

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Summary of Activity in Restructuring Accounts

The summary of the activity in the restructuring liability for the year ended December 31, 2022 was as follows:

		Balance at						Non-cash Items /		Balance at
(in millions)		December 31, 2021		Provision		Cash Expenditures		Currency Change		December 31, 2022
Employee termination costs(1)	$	3.4	$	9.4	$	(4.0)	$	(0.1)	$	8.7
Termination of lease agreements		1.1		(0.2)		(0.9)		—		—
Other		—		0.4		(0.4)		—		—
Total restructuring liability	$	4.5	$	9.6	$	(5.3)	$	(0.1)	$	8.7

(1)We expect the remaining $8.7 million employee termination costs to be substantially paid within the next twelve months.

The summary of the activity in the restructuring accounts for the year ended December 31, 2021 was as follows:

		Balance at						Non-cash Items /		Balance at
(in millions)		December 31, 2020		Provision		Cash Expenditures		Currency Change		December 31, 2021
Employee termination costs	$	8.1	$	5.2	$	(9.7)	$	(0.2)	$	3.4
Termination of lease agreements		1.0		0.7		(1.1)		0.5		1.1
Other		0.2		0.1		(0.2)		(0.1)		—
Total restructuring liability	$	9.3	$	6.0	$	(11.0)	$	0.2	$	4.5

The summary of the activity in the restructuring accounts for the year ended December 31, 2020 was as follows:

(in millions)		December 31, 2019		Provision		Cash Expenditures		Currency Change		December 31, 2020
Employee termination costs	$	10.7	$	8.5	$	(11.1)	$	—	$	8.1
Termination of lease agreements		0.6		1.5		(0.7)		(0.4)		1.0
Other		0.5		0.9		(0.5)		(0.7)		0.2
Total restructuring liability	$	11.8	$	10.9	$	(12.3)	$	(1.1)	$	9.3

Restructuring charges for the years ended December 31, 2022, 2021 and 2020 by reporting segment were as follows:

(in millions)		2022		2021		2020
ACCO Brands North America	$	5.3	$	4.4	$	7.6
ACCO Brands EMEA		3.4		0.5		0.6
ACCO Brands International		0.7		1.1		2.6
Corporate		0.2		—		0.1
Total restructuring charges	$	9.6	$	6.0	$	10.9

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

+ Details

Name:	us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration