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v3.25.2

Information on Operating Segments (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Operating Results for Operating Segments | The operating results regularly provided to the CODM for our operating segments for the three and six months ended June 30, 2025 and 2024 were as follows:
| For The Three Months Ended June 30, 2025 |  |  | For The Three Months Ended June 30, 2024 |
| ACCO Brands Americas |  | ACCO Brands International |  | Total |  |  | ACCO Brands Americas |  | ACCO Brands International |  | Total |
Net sales | $ | 248.5 |  | $ | 146.3 |  | $ | 394.8 |  |  | $ | 292.3 |  | $ | 146.0 |  | $ | 438.3 |
Cost of products sold |  | 166.4 |  |  | 98.7 |  |  | 265.1 |  |  |  | 187.1 |  |  | 98.6 |  |  | 285.7 |
Gross profit |  | 82.1 |  |  | 47.6 |  |  | 129.7 |  |  |  | 105.2 |  |  | 47.4 |  |  | 152.6 |
Sales and marketing expenses(1) |  | 25.8 |  |  | 24.4 |  |  | 50.2 |  |  |  | 26.4 |  |  | 23.4 |  |  | 49.8 |
Administrative expenses(2) |  | 13.2 |  |  | 10.7 |  |  | 23.9 |  |  |  | 15.7 |  |  | 12.2 |  |  | 27.9 |
Restructuring |  | 0.8 |  |  | 8.6 |  |  | 9.4 |  |  |  | — |  |  | (0.3 | ) |  | (0.3 | )
Gain on the disposal of assets |  | (5.7 | ) |  | (1.2 | ) |  | (6.9 | ) |  |  | — |  |  | — |  |  | — |
Impairment of goodwill and intangible assets |  | — |  |  | — |  |  | — |  |  |  | 165.2 |  |  | — |  |  | 165.2 |
All other(3) |  | 7.3 |  |  | 4.3 |  |  | 11.6 |  |  |  | 6.6 |  |  | 4.3 |  |  | 10.9 |
Segment operating income (loss) |  | 40.7 |  |  | 0.8 |  |  | 41.5 |  |  |  | (108.7 | ) |  | 7.8 |  |  | (100.9 | )
Corporate expense |  |  |  |  |  | 8.5 |  |  |  |  |  |  |  | 10.3 |
Total consolidated operating income (loss) |  |  |  |  |  | 33.0 |  |  |  |  |  |  |  | (111.2 | )
Interest expense (income), net |  |  |  |  |  | 8.9 |  |  |  |  |  |  |  | 11.6 |
Non-operating pension expense |  |  |  |  |  | 0.6 |  |  |  |  |  |  |  | 4.8 |
Other expense (income), net |  |  |  |  |  | 0.8 |  |  |  |  |  |  |  | (0.2 | )
Income (loss) before income tax |  |  |  |  | $ | 22.7 |  |  |  |  |  |  | $ | (127.4 | )
| For The Six Months Ended June 30, 2025 |  |  | For The Six Months Ended June 30, 2024 |
| ACCO Brands Americas |  | ACCO Brands International |  | Total |  |  | ACCO Brands Americas |  | ACCO Brands International |  | Total |
Net Sales | $ | 422.4 |  | $ | 289.8 |  | $ | 712.2 |  |  | $ | 489.5 |  | $ | 307.7 |  | $ | 797.2 |
Cost of products sold |  | 286.8 |  |  | 196.1 |  |  | 482.9 |  |  |  | 328.0 |  |  | 206.2 |  |  | 534.2 |
Gross profit |  | 135.6 |  |  | 93.7 |  |  | 229.3 |  |  |  | 161.5 |  |  | 101.5 |  |  | 263.0 |
Sales and marketing expenses(1) |  | 51.6 |  |  | 47.0 |  |  | 98.6 |  |  |  | 53.4 |  |  | 46.9 |  |  | 100.3 |
Administrative expenses(2) |  | 30.9 |  |  | 24.6 |  |  | 55.5 |  |  |  | 32.6 |  |  | 26.0 |  |  | 58.6 |
Restructuring |  | 2.6 |  |  | 9.1 |  |  | 11.7 |  |  |  | — |  |  | (0.6 | ) |  | (0.6 | )
Gain on the disposal of assets |  | (5.7 | ) |  | (1.2 | ) |  | (6.9 | ) |  |  | — |  |  | — |  |  | — |
Impairment of goodwill and intangible assets |  | — |  |  | — |  |  | — |  |  |  | 165.2 |  |  | — |  |  | 165.2 |
All other(3) |  | 14.6 |  |  | 8.3 |  |  | 22.9 |  |  |  | 12.9 |  |  | 8.6 |  |  | 21.5 |
Segment operating income (loss) |  | 41.6 |  |  | 5.9 |  |  | 47.5 |  |  |  | (102.6 | ) |  | 20.6 |  |  | (82.0 | )
Corporate expense |  |  |  |  |  | 21.2 |  |  |  |  |  |  |  | 23.3 |
Total consolidated operating income (loss) |  |  |  |  |  | 26.3 |  |  |  |  |  |  |  | (105.3 | )
Interest expense (income), net |  |  |  |  |  | 17.8 |  |  |  |  |  |  |  | 23.0 |
Non-operating pension expense |  |  |  |  |  | 1.1 |  |  |  |  |  |  |  | 5.2 |
Other expense (income), net |  |  |  |  |  | 1.2 |  |  |  |  |  |  |  | (0.8 | )
Income (loss) before income tax |  |  |  |  | $ | 6.2 |  |  |  |  |  |  | $ | (132.7 | )
(1) Sales and Marketing consists primarily of advertising, marketing, selling, customer service and research and development. (2) Administrative expense consists primarily of executive, finance, information technology and human resources expenses. (3) All other expense primarily consists of amortization of intangibles.
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 June 30, 2025 and December 31, 2024:
(in millions) |  | June 30, 2025 |  |  | December 31, 2024 |
ACCO Brands Americas |  | $ | 455.6 |  |  | $ | 418.0 |
ACCO Brands International |  |  | 207.0 |  |  |  | 201.3 |
Total segment assets(4) |  |  | 662.6 |  |  |  | 619.3 |
Goodwill |  |  | 471.8 |  |  |  | 446.4 |
Identifiable intangibles, net |  |  | 719.5 |  |  |  | 709.6 |
Property, plant and equipment, net |  |  | 141.9 |  |  |  | 137.5 |
Unallocated assets(5) |  |  | 381.8 |  |  |  | 315.6 |
Total assets |  | $ | 2,377.6 |  |  | $ | 2,228.4 |
(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 issuances costs and right of use asset, leases.
Schedule of Property, Plant and Equipment, Net by Geographic Region | Property, plant, and equipment, net by operating segment as of June 30, 2025 and December 31, 2024:
(in millions) |  | June 30, 2025 |  |  | December 31, 2024 |
U.S. |  | $ | 49.8 |  |  | $ | 51.1 |
Canada |  |  | 0.9 |  |  |  | 0.9 |
Latin America |  |  | 25.1 |  |  |  | 22.7 |
ACCO Brands Americas |  |  | 75.8 |  |  |  | 74.7 |
ACCO Brands EMEA |  |  | 56.7 |  |  |  | 53.5 |
Australia/N.Z. |  |  | 8.8 |  |  |  | 8.7 |
Asia-Pacific |  |  | 0.6 |  |  |  | 0.6 |
ACCO Brands International |  |  | 66.1 |  |  |  | 62.8 |
Property, plant and equipment, net |  | $ | 141.9 |  |  | $ | 137.5 |
Schedule of Capital Spend and Depreciation Expense by Segment | Capital spend by operating segment as of June 30, 2025 and December 31, 2024:
(in millions) |  | June 30, 2025 |  |  | December 31, 2024 |
ACCO Brands Americas |  | $ | 7.0 |  |  | $ | 10.2 |
ACCO Brands International |  |  | 2.3 |  |  |  | 6.8 |
Total capital spend |  | $ | 9.3 |  |  | $ | 17.0 |
Depreciation expense by operating segment for three and six months ended June 30, 2025 and 2024 was as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(in millions) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
ACCO Brands Americas |  | $ | 4.2 |  |  | $ | 4.4 |  |  | $ | 8.7 |  |  | $ | 9.4 |
ACCO Brands International |  |  | 2.4 |  |  |  | 2.3 |  |  |  | 4.6 |  |  |  | 4.7 |
Total depreciation |  | $ | 6.6 |  |  | $ | 6.7 |  |  | $ | 13.3 |  |  | $ | 14.1 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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