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Information on Business Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Net Sales by Business Segment

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

Schedule of Operating Income by Business Segment

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.

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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
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- 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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

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