XML 36 R29.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Long-term Debt and Short-term Borrowings (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Debt Disclosure [Abstract] |
Summary of Notes Payable and Long-Term Debt | Notes payable and long-term debt, listed in order of the priority of security interests in assets of the Company, consisted of the following as of March 31, 2024 and December 31, 2023:
(in millions) |  | March 31, 2024 |  |  | December 31, 2023 |
Euro Senior Secured Term Loan A, due March 2026 (floating interest rate of 5.65% at March 31, 2024 and 5.93% at December 31, 2023) |  | $ | 208.1 |  |  | $ | 218.2 |
USD Senior Secured Term Loan A, due March 2026 (floating interest rate of 7.18% at March 31, 2024 and 7.50% at December 31, 2023) |  |  | 76.3 |  |  |  | 78.0 |
Australian Dollar Senior Secured Term Loan A, due March 2026 (floating interest rate of 6.17% at March 31, 2024 and 6.42% at December 31, 2023) |  |  | 30.3 |  |  |  | 32.5 |
U.S. Dollar Senior Secured Revolving Credit Facility, due March 2026 (floating interest rate of 7.18% at March 31, 2024 and 7.4% at December 31, 2023) |  |  | 64.1 |  |  |  | 7.3 |
Australian Dollar Senior Secured Revolving Credit Facility, due March 2026 (floating interest rate of 6.12% at March 31, 2024 and 6.42% at December 31, 2023) |  |  | 7.2 |  |  |  | 14.3 |
Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%) |  |  | 575.0 |  |  |  | 575.0 |
Other borrowings |  |  | — |  |  |  | 0.3 |
Total debt |  |  | 961.0 |  |  |  | 925.6 |
Less: |  |  |  |  |  |
Current portion |  |  | 57.3 |  |  |  | 36.7 |
Debt issuance costs, unamortized |  |  | 6.2 |  |  |  | 6.7 |
Long-term debt, net |  | $ | 897.5 |  |  | $ | 882.2 |
Schedule of Maximum Consolidated Leverage Ratio | the maximum Consolidated Leverage Ratio (as defined in the Credit Agreement) financial covenant for each of the five fiscal quarters beginning December 31, 2022, and ending December 31, 2023, as follows:
Quarter Ended |  | Maximum Consolidated Leverage Ratio
December 2022 |  | 4.50:1.00
March 2023 |  | 5.00:1.00
June 2023 |  | 5.00:1.00
September 2023 |  | 4.75:1.00
December 2023 |  | 4.25:1.00
Schedule of Applicable Rate and Undrawn Fee Based on Company's Consolidated Leverage Ratio | The current maturity of the Credit Agreement is March 31, 2026 and the current pricing is as follows:
Consolidated Leverage Ratio |  | Applicable Rate on Euro/AUD/CDN Dollar Loans |  | Applicable Rate on Base Rate Loans |  | Undrawn Fee
> 4.50 to 1.00 |  | 2.50 % |  | 1.50 % |  | 0.500 %
≤ 4.50 to 1.00 and > 4.00 to 1.00 |  | 2.25 % |  | 1.25 % |  | 0.375 %
≤ 4.00 to 1.00 and > 3.50 to 1.00 |  | 2.00 % |  | 1.00 % |  | 0.350 %
≤ 3.50 to 1.00 and > 3.00 to 1.00 |  | 1.75 % |  | 0.75 % |  | 0.300 %
≤ 3.00 to 1.00 and > 2.00 to 1.00 |  | 1.50 % |  | 0.50 % |  | 0.250 %
≤ 2.00 to 1.00 |  | 1.25 % |  | 0.25 % |  | 0.200 %

X
- Definition Schedule of Applicable Rate and Undrawn Fee Based on Company's Consolidated Leverage Ratio + References No definition available. + Details
Name: | acco_ScheduleOfApplicableRateAndUndrawnFeeBasedOnCompanysConsolidatedLeverageRatioTableTextBlock
Namespace Prefix: | acco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Maximum Consolidated Leverage Ratio + References No definition available. + Details
Name: | acco_ScheduleOfMaximumConsolidatedLeverageRatioTableTextBlock
Namespace Prefix: | acco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-2 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482925/835-30-45-1A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482949/835-30-55-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480848/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration