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Information on Operating Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Operating Results for Operating Segments

The operating results regularly provided to the CODM for our operating segments for the years ended December 31, 2024, 2023 and 2022 were as follows:

	Twelve Months Ended December 31, 2024
	ACCO Brands Americas			ACCO Brands International			Total
Net sales	$	999.9		$	666.3		$	1,666.2
Cost of products sold		666.0			444.8			1,110.8
Gross profit		333.9			221.5			555.4
Sales and marketing expenses(1)		115.2			91.5			206.7
Administrative expenses(2)		64.9			51.9			116.8
Restructuring		6.5			6.9			13.4
Impairment of goodwill and intangible assets		165.2			—			165.2
All other(3)		27.6			17.1			44.7
Segment operating (loss) income		(45.5	)		54.1			8.6
Corporate expense								45.6
Total consolidated operating loss								(37.0	)
Interest expense (income), net								45.1
Non-operating pension expense								6.1
Other (income) expense, net								(0.9	)
Loss before income tax							$	(87.3	)

	Twelve Months Ended December 31, 2023
	ACCO Brands Americas			ACCO Brands International			Total
Net Sales	$	1,135.7		$	697.1		$	1,832.8
Cost of products sold		761.7			472.8			1,234.5
Gross profit		374.0			224.3			598.3
Sales and marketing expenses(1)		123.7			94.2			217.9
Administrative expenses(2)		75.2			52.3			127.5
Restructuring		16.7			9.9			26.6
Impairment of goodwill and intangible assets		89.5			—			89.5
All other(3)		25.0			18.3			43.3
Segment operating income		43.9			49.6			93.5
Corporate expense								48.8
Total consolidated operating income								44.7
Interest expense (income), net								51.5
Non-operating pension expense								1.8
Other expense (income), net								4.5
Loss before income tax							$	(13.1	)

	Twelve Months Ended December 31, 2022
	ACCO Brands Americas			ACCO Brands International			Total
Net Sales	$	1,200.4		$	747.2		$	1,947.6
Cost of products sold		845.9			549.4			1,395.3
Gross profit		354.5			197.8			552.3
Sales and marketing expenses(1)		132.0			90.1			222.1
Administrative expenses(2)		64.2			49.4			113.6
Restructuring		6.0			3.4			9.4
Impairment of goodwill and intangible assets		98.7			—			98.7
All other(3)		24.9			16.3			41.2
Segment operating income		28.7			38.6			67.3
Corporate expense								32.5
Total consolidated operating income								34.8
Interest expense (income), net								37.3
Non-operating pension income								(4.5	)
Other (income) expense, net								(12.9	)
Income before income tax							$	14.9

(1)Sales and Marketing consists primarily of advertising, marketing, selling, customer service expenses and research and development.

(2)Admin expense consists primarily of executive, finance, information technology and human resources expenses.

(3)All other expense primarily consists of amortization and, for 2022, changes in the fair value of contingent earnout.

Reconciliation of Assets from Segment to Consolidated

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

(in millions)		2024				2023
ACCO Brands Americas		$	418.0			$	533.5
ACCO Brands International			201.3				224.7
Total segment assets(4)			619.3				758.2
Goodwill			446.4				590.0
Identifiable intangibles, net			709.6				815.7
Property, plant and equipment, net			137.5				170.1
Unallocated assets(5)			315.6				310.8
Total assets		$	2,228.4			$	2,644.8

(4)Segment assets represent assets that are regularly provided to the CODM and consist of accounts receivable less allowances and inventory.

(5)Unallocated assets consist primarily of cash, deferred taxes, derivatives, prepaid pension assets, prepaid debt issuance costs and right of use asset, leases.

Schedule of Capital Spend and Depreciation Expense by Segment

Capital spend by operating segment for the years ended December 31, 2024, 2023 and 2022 was as follows:

(in millions)		2024				2023				2022
ACCO Brands Americas		$	10.2			$	7.7			$	11.7
ACCO Brands International			6.8				7.6				6.0
Total capital spend		$	17.0			$	15.3			$	17.7

Depreciation expense by operating segment for the years ended December 31, 2024, 2023 and 2022 was as follows:

(in millions)		2024				2023				2022
ACCO Brands Americas		$	19.2			$	20.4			$	23.8
ACCO Brands International			9.2				12.3				14.1
Total depreciation		$	28.4			$	32.7			$	37.9

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

Property, plant and equipment, net by operating segment as of December 31, 2024 and 2023 was as follows:

(in millions)		2024				2023
U.S.		$	51.1			$	68.2
Canada			0.9				1.5
Latin America			22.7				29.1
ACCO Brands Americas			74.7				98.8
ACCO Brands EMEA			53.5				60.9
Australia/N.Z.			8.7				9.5
Asia-Pacific			0.6				0.9
ACCO Brands International			62.8				71.3
Property, plant and equipment, net		$	137.5			$	170.1

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