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Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Net Sales by Business Segment

Net sales by reportable business segment for the years ended December 31, 2022, 2021 and 2020 were as follows:

(in millions)		2022		2021		2020
ACCO Brands North America	$	998.0	$	1,042.4	$	822.1
ACCO Brands EMEA		580.3		662.9		523.9
ACCO Brands International		369.3		320.0		309.2
Net sales	$	1,947.6	$	2,025.3	$	1,655.2

Schedule of Operating Income by Business Segment

Operating income by reportable business segment for the years ended December 31, 2022, 2021 and 2020 was as follows:

(in millions)		2022		2021		2020
ACCO Brands North America	$	(4.9)	$	121.9	$	83.0
ACCO Brands EMEA		21.7		61.7		51.6
ACCO Brands International		50.5		31.6		15.6
Segment operating income		67.3		215.2		150.2
Change in fair value of contingent consideration		9.0		(19.0)		—
Corporate⁽¹⁾		(41.5)		(45.2)		(37.8)
Operating income⁽²⁾		34.8		151.0		112.4
Interest expense		45.6		46.3		38.8
Interest income		(8.3)		(1.9)		(1.0)
Non-operating pension income		(4.5)		(7.9)		(5.6)
Other (income) expense, net		(12.9)		3.1		1.6
Income before income tax	$	14.9	$	111.4	$	78.6

(1)Corporate operating loss in 2021 and 2020 includes transaction costs of $0.2 million and $1.6 million, respectively, primarily for legal and due diligence expenditures associated with the PowerA and Foroni 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, 2022 and 2021:

(in millions)		2022				2021
ACCO Brands North America(3)	$		459.2		$		535.2
ACCO Brands EMEA(3)			236.0				296.3
ACCO Brands International(3)			308.4				265.1
Total segment assets			1,003.6				1,096.6
Unallocated assets			1,787.2				1,993.4
Corporate(3)			3.9				1.3
Total assets	$		2,794.7		$		3,091.3

(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, 2022 and 2021:

(in millions)		2022		2021
ACCO Brands North America(4)	$	1,359.9	$	1,610.0
ACCO Brands EMEA(4)		588.4		728.6
ACCO Brands International(4)		573.8		567.9
Total segment assets		2,522.1		2,906.5
Unallocated assets		268.7		183.5
Corporate(4)		3.9		1.3
Total assets	$	2,794.7	$	3,091.3

(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, 2022, 2021 and 2020 was as follows:

(in millions)		2022		2021		2020
ACCO Brands North America	$	8.8	$	11.2	$	9.3
ACCO Brands EMEA		4.7		7.3		4.0
ACCO Brands International		4.2		2.7		2.0
Total capital spend	$	17.7	$	21.2	$	15.3

Depreciation expense by reportable business segment for the years ended December 31, 2022, 2021 and 2020 was as follows:

(in millions)		2022		2021		2020
ACCO Brands North America	$	20.1	$	20.7	$	19.6
ACCO Brands EMEA		12.6		13.1		12.7
ACCO Brands International		5.2		5.6		5.6
Total depreciation	$	37.9	$	39.4	$	37.9

Schedule of Property, Plant and Equipment, Net by Geographic Region

Property, plant and equipment, net by reportable business segment as of December 31, 2022, 2021 was as follows:

(in millions)		2022		2021
U.S.	$	82.3	$	96.8
Canada		1.7		1.9
ACCO Brands North America		84.0		98.7
ACCO Brands EMEA		62.9		77.4
Australia/N.Z.		10.0		11.3
Latin America		26.6		25.8
Asia-Pacific		1.6		1.4
ACCO Brands International		38.2		38.5
Property, plant and equipment, net	$	185.1	$	214.6

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