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Information on Business Segments (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Net Sales by Business Segment

Net sales by reportable business segment for the three months ended March 31, 2024 and 2023 were as follows:

(in millions)		2024				2023
ACCO Brands Americas		$	197.2			$	230.0
ACCO Brands International			161.7				172.6
Net sales		$	358.9			$	402.6

Schedule of Operating Income by Business Segment

Operating income by business segment for the three months ended March 31, 2024 and 2023 was as follows:

(in millions)		2024				2023
ACCO Brands Americas		$	6.1			$	12.3
ACCO Brands International			12.8				9.7
Segment operating income			18.9				22.0
Corporate			(13.0	)			(11.9	)
Operating income(1)			5.9				10.1
Interest expense			13.3				13.9
Interest income			(1.9	)			(2.4	)
Non-operating pension expense			0.4				0.1
Other (income) expense, net			(0.6	)			1.8
Loss before income tax		$	(5.3	)		$	(3.3	)

(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.

Reconciliation of Assets from Segment to Consolidated

The following table presents the measure of reportable business segment assets used by the Company’s CODM as of March 31, 2024 and December 31, 2023:

(in millions)		2024				2023
ACCO Brands Americas(2)		$	548.3			$	648.7
ACCO Brands International(2)			283.2				308.3
Total segment assets			831.5				957.0
Unallocated assets			1,708.2				1,684.2
Corporate(2)			3.9				3.6
Total assets		$	2,543.6			$	2,644.8

(2)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 March 31, 2024 and December 31, 2023:

(in millions)		2024				2023
ACCO Brands Americas(3)		$	1,516.0			$	1,624.6
ACCO Brands International(3)			690.7				738.5
Total segment assets			2,206.7				2,363.1
Unallocated assets			333.3				278.4
Corporate(3)			3.6				3.3
Total assets		$	2,543.6			$	2,644.8

(3)Represents total assets, excluding intercompany balances, cash, deferred taxes, derivatives, prepaid pension assets, prepaid debt issuance costs.

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