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Goodwill and Identifiable Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2025
Finite-Lived Intangible Assets [Line Items]  
Changes in Net Carrying Amount of Goodwill by Segment

Changes in the net carrying amount of goodwill by segment were as follows:

 

(in millions)

 

ACCO Brands Americas

 

 

ACCO Brands International

 

 

Total

 

Balance at December 31, 2024

 

$

253.3

 

 

$

193.1

 

 

$

446.4

 

Acquisitions(1)

 

 

—

 

 

 

4.2

 

 

 

4.2

 

Foreign currency translation

 

 

0.6

 

 

 

17.5

 

 

 

18.1

 

Balance at March 31, 2025

 

$

253.9

 

 

$

214.8

 

 

$

468.7

 
(1)
Represents goodwill from our Buro Acquisition.
Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets

The gross carrying value and accumulated amortization by class of identifiable intangible assets as of March 31, 2025 and December 31, 2024, were as follows:

 

 

 

March 31, 2025

 

 

December 31, 2024

 

(in millions)

 

Gross Carrying Amounts

 

 

Accumulated Amortization

 

 

Net Book Value

 

 

Gross Carrying Amounts

 

 

Accumulated Amortization

 

 

Net Book Value

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names(2)

 

$

101.2

 

 

$

(44.5

)

 

$

56.7

 

 

$

101.2

 

 

$

(44.5

)

 

$

56.7

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

639.5

 

 

 

(164.6

)

 

 

474.9

 

 

 

627.5

 

 

 

(157.5

)

 

 

470.0

 

Customer and contractual relationships

 

 

359.2

 

 

 

(237.7

)

 

 

121.5

 

 

 

350.7

 

 

 

(230.0

)

 

 

120.7

 

Vendor relationships

 

 

82.4

 

 

 

(23.6

)

 

 

58.8

 

 

 

82.4

 

 

 

(22.2

)

 

 

60.2

 

Patents

 

 

7.9

 

 

 

(6.2

)

 

 

1.7

 

 

 

7.8

 

 

 

(5.8

)

 

 

2.0

 

Subtotal

 

 

1,089.0

 

 

 

(432.1

)

 

 

656.9

 

 

 

1,068.4

 

 

 

(415.5

)

 

 

652.9

 

Total identifiable intangibles

 

$

1,190.2

 

 

$

(476.6

)

 

$

713.6

 

 

$

1,169.6

 

 

$

(460.0

)

 

$

709.6

 

 

(2)
Accumulated amortization prior to the adoption of authoritative guidance on goodwill and other intangible assets, at which time further amortization ceased.
Estimated Amortization Expense for Future Periods

Estimated amortization expense for amortizable intangible assets, as of March 31, 2025, for the current year and the next five years is as follows:

 

(in millions)

 

2025

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

Estimated amortization expense(3)

 

$

45.3

 

 

$

43.4

 

 

$

41.0

 

 

$

38.9

 

 

$

37.2

 

 

$

36.3

 

 

(3)
Actual amounts of amortization expense may differ from estimated amounts due to changes in foreign currency exchange rates, additional intangible asset acquisitions, impairment of intangible assets, accelerated amortization of intangible assets and other events.
Buro  
Finite-Lived Intangible Assets [Line Items]  
Schedule of Acquired Identifiable Intangible Assets

The allocation of the identifiable intangibles acquired in the Buro Acquisition was as follows:

(in millions)

 

Fair Value

 

 

Remaining
Useful Life

Trade name

 

$

1.9

 

 

20 years

Customer relationships

 

 

3.8

 

 

8 years

Total identifiable intangibles acquired

 

$

5.7