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Information on Business Segments | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Information on Business Segments | 16. Information on Business Segments The Company has three operating business segments, each of which is comprised of different geographic regions. The Company's three segments are as follows:
Operating Segment |  | Geography |  | Primary Brands |  | Primary Products
ACCO Brands North America |  | United States and Canada |  | PowerA®, Five Star®, AT-A-GLANCE®, Quartet®, Kensington®, Swingline®, GBC®, Mead®, Hilroy® |  | Computer and gaming accessories, school products, planners, storage and organization, dry erase boards and accessories, laminating, stapling and punching products.
ACCO Brands EMEA |  | Europe, Middle East and Africa |  | Leitz®, Rapid®, Kensington®, Esselte®, Rexel®, PowerA®, GBC®, NOBO®, Derwent® |  | Storage and organization products (lever-arch binders, sheet protectors, indexes), computer and gaming accessories, stapling, punching, shredding, laminating, do-it-yourself tools, dry erase boards and writing and art products.
ACCO Brands International |  | Australia/N.Z., Latin America and Asia-Pacific |  | Tilibra®, GBC®, Kensington®, Marbig®, Foroni®, Barrilito®, Artline®*, PowerA®, Spirax® *Australia/N.Z. only |  | School notebooks, storage and organization products (binders, sheet protectors and indexes), computer and gaming accessories, laminating, shredding, writing and arts products, janitorial supplies, dry erase boards, and stapling and punching products.
Customers We distribute our products through a wide variety of channels to ensure that our products are readily and conveniently available for purchase by consumers and other end-users, wherever they prefer to shop. These channels include mass retailers, e-tailers, technology distributors, discount, drug/grocery and variety chains, warehouse clubs, hardware and specialty stores, independent office product dealers, office superstores, wholesalers, and contract stationers. We also sell directly through e-commerce sites and our direct sales organization. Net sales by reportable business segment for the three and six months ended June 30, 2023 and 2022 were as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(in millions) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
ACCO Brands North America | $ |  | 292.6 |  | $ |  | 306.6 |  | $ |  | 469.3 |  | $ |  | 515.1 |
ACCO Brands EMEA |  |  | 125.7 |  |  |  | 137.9 |  |  |  | 261.5 |  |  |  | 294.0 |
ACCO Brands International |  |  | 75.3 |  |  |  | 76.5 |  |  |  | 165.4 |  |  |  | 153.5 |
Net sales | $ |  | 493.6 |  | $ |  | 521.0 |  | $ |  | 896.2 |  | $ |  | 962.6 |
Operating income by business segment for the three and six months ended June 30, 2023 and 2022 was as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(in millions) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
ACCO Brands North America | $ |  | 55.1 |  | $ |  | 50.7 |  | $ |  | 60.3 |  | $ |  | 64.6 |
ACCO Brands EMEA |  |  | 5.7 |  |  |  | (1.5 | ) |  |  | 13.5 |  |  |  | 4.1 |
ACCO Brands International |  |  | 6.7 |  |  |  | 6.3 |  |  |  | 15.7 |  |  |  | 10.5 |
Segment operating income |  |  | 67.5 |  |  |  | 55.5 |  |  |  | 89.5 |  |  |  | 79.2 |
Change in fair value of contingent consideration |  |  | — |  |  |  | 9.4 |  |  |  | — |  |  |  | 6.8 |
Corporate |  |  | (12.3 | ) |  |  | (9.5 | ) |  |  | (24.2 | ) |  |  | (23.8 | )
Operating income(1) |  |  | 55.2 |  |  |  | 55.4 |  |  |  | 65.3 |  |  |  | 62.2 |
Interest expense |  |  | 15.5 |  |  |  | 10.8 |  |  |  | 29.4 |  |  |  | 20.5 |
Interest income |  |  | (2.2 | ) |  |  | (2.2 | ) |  |  | (4.6 | ) |  |  | (3.6 | )
Non-operating pension expense (income) |  |  | 0.2 |  |  |  | (1.3 | ) |  |  | 0.3 |  |  |  | (2.7 | )
Other (income) expense, net |  |  | (0.3 | ) |  |  | (3.7 | ) |  |  | 1.5 |  |  |  | (2.8 | )
Income before income tax | $ |  | 42.0 |  | $ |  | 51.8 |  | $ |  | 38.7 |  | $ |  | 50.8 |
(1) Operating income is defined as i) net sales; ii) less cost of products sold; iii) less selling, general and administrative expenses; iv) less amortization of intangibles; v) less restructuring charges; and vi) less change in the fair value of contingent consideration.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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