XML 34 R27.htm IDEA: XBRL DOCUMENT
v3.25.3

Information on Operating Segments | 9 Months Ended
--- | ---
Sep. 30, 2025
Segment Reporting [Abstract] |
Information on Operating Segments | 17. Information on Operating Segments The Company has two operating segments based in different geographic regions: Americas and International. Each operating segment designs, markets, sources, manufactures and sells recognized consumer, technology and business branded products used in schools, homes, and at work. Product designs are tailored to end-user preferences in each geographic region, and where possible, leverage common engineering, design and sourcing. Our Chief Operating Decision Maker ("CODM"), which is our President and Chief Executive Officer, analyzes and evaluates the Company's financial results at the operating segment level to assess performance and allocate resources. This includes net revenue, gross margins, operating income, restructuring expense, components of working capital investments, and other ratio performance metrics. The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. The Company's two operating segments are as follows:
Operating Segment |  | Geography |  | Primary Brands |  | Primary Products
ACCO Brands Americas |  | United States, Canada and Latin America |  | Five Star®, PowerA®, Tilibra®, AT-A-GLANCE®, Kensington®, Quartet®, GBC®, Mead®, Swingline®, Barrilito®, Foroni® and Hilroy® |  | Note taking products, computer and gaming accessories; planners, workspace machines, tools and essentials; and dry erase boards and accessories.
ACCO Brands International |  | EMEA, Australia/N.Z., and Asia |  | Leitz®, Rapid®, Kensington®, Esselte®, Rexel®, PowerA®, GBC®, NOBO®, Franken®, Derwent®, Marbig®, Artline®*, Spirax® and Buro Seating® *Australia/N.Z. only |  | Filing and organization products; workspace machines, tools and essentials; computer and gaming accessories; dry erase boards and accessories; ergonomic products; seating; and writing and art products.
Customers We distribute our products through a wide variety of channels to ensure that our products are readily and conveniently available for purchase by consumers and other end-users, wherever they prefer to shop. These channels include mass retailers, e-tailers, discount, drug/grocery and variety chains, warehouse clubs, hardware and specialty stores, independent office product dealers, office superstores, wholesalers, contract stationers and specialist technology businesses. We also sell directly through e-commerce sites and our direct sales organization. The operating results regularly provided to the CODM for our operating segments for the three and nine months ended September 30, 2025 and 2024 were as follows:
| For The Three Months Ended September 30, 2025 |  |  | For The Three Months Ended September 30, 2024 |
| ACCO Brands Americas |  | ACCO Brands International |  | Total |  |  | ACCO Brands Americas |  | ACCO Brands International |  | Total |
Net sales | $ | 227.6 |  | $ | 156.1 |  | $ | 383.7 |  |  | $ | 259.1 |  | $ | 161.8 |  | $ | 420.9 |
Cost of products sold |  | 151.1 |  |  | 106.0 |  |  | 257.1 |  |  |  | 174.0 |  |  | 110.0 |  |  | 284.0 |
Gross profit |  | 76.5 |  |  | 50.1 |  |  | 126.6 |  |  |  | 85.1 |  |  | 51.8 |  |  | 136.9 |
Sales and marketing expenses(1) |  | 31.1 |  |  | 23.6 |  |  | 54.7 |  |  |  | 32.5 |  |  | 22.5 |  |  | 55.0 |
Administrative expenses(2) |  | 12.9 |  |  | 10.6 |  |  | 23.5 |  |  |  | 15.9 |  |  | 12.2 |  |  | 28.1 |
Restructuring |  | 0.6 |  |  | 1.1 |  |  | 1.7 |  |  |  | 3.4 |  |  | 3.3 |  |  | 6.7 |
All other(3) |  | 7.2 |  |  | 4.3 |  |  | 11.5 |  |  |  | 7.4 |  |  | 4.3 |  |  | 11.7 |
Segment operating income |  | 24.7 |  |  | 10.5 |  |  | 35.2 |  |  |  | 25.9 |  |  | 9.5 |  |  | 35.4 |
Corporate expense |  |  |  |  |  | 9.2 |  |  |  |  |  |  |  | 9.1 |
Total consolidated operating income |  |  |  |  |  | 26.0 |  |  |  |  |  |  |  | 26.3 |
Interest expense, net |  |  |  |  |  | 9.5 |  |  |  |  |  |  |  | 11.7 |
Non-operating pension expense |  |  |  |  |  | 0.7 |  |  |  |  |  |  |  | 0.4 |
Other expense, net |  |  |  |  |  | 1.1 |  |  |  |  |  |  |  | 0.4 |
Income before income tax |  |  |  |  | $ | 14.7 |  |  |  |  |  |  | $ | 13.8 |
| For The Nine Months Ended September 30, 2025 |  |  | For The Nine Months Ended September 30, 2024 |
| ACCO Brands Americas |  | ACCO Brands International |  | Total |  |  | ACCO Brands Americas |  | ACCO Brands International |  | Total |
Net Sales | $ | 650.0 |  | $ | 445.9 |  | $ | 1,095.9 |  |  | $ | 748.6 |  | $ | 469.5 |  | $ | 1,218.1 |
Cost of products sold |  | 437.9 |  |  | 302.1 |  |  | 740.0 |  |  |  | 502.0 |  |  | 316.2 |  |  | 818.2 |
Gross profit |  | 212.1 |  |  | 143.8 |  |  | 355.9 |  |  |  | 246.6 |  |  | 153.3 |  |  | 399.9 |
Sales and marketing expenses(1) |  | 82.7 |  |  | 70.6 |  |  | 153.3 |  |  |  | 85.9 |  |  | 69.4 |  |  | 155.3 |
Administrative expenses(2) |  | 43.8 |  |  | 35.2 |  |  | 79.0 |  |  |  | 48.5 |  |  | 38.2 |  |  | 86.7 |
Restructuring |  | 3.2 |  |  | 10.2 |  |  | 13.4 |  |  |  | 3.4 |  |  | 2.7 |  |  | 6.1 |
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) |  | 21.8 |  |  | 12.6 |  |  | 34.4 |  |  |  | 20.3 |  |  | 12.9 |  |  | 33.2 |
Segment operating income (loss) |  | 66.3 |  |  | 16.4 |  |  | 82.7 |  |  |  | (76.7 | ) |  | 30.1 |  |  | (46.6 | )
Corporate expense |  |  |  |  |  | 30.4 |  |  |  |  |  |  |  | 32.4 |
Total consolidated operating income (loss) |  |  |  |  |  | 52.3 |  |  |  |  |  |  |  | (79.0 | )
Interest expense, net |  |  |  |  |  | 27.3 |  |  |  |  |  |  |  | 34.7 |
Non-operating pension expense |  |  |  |  |  | 1.8 |  |  |  |  |  |  |  | 5.6 |
Other expense (income), net |  |  |  |  |  | 2.3 |  |  |  |  |  |  |  | (0.4 | )
Income (loss) before income tax |  |  |  |  | $ | 20.9 |  |  |  |  |  |  | $ | (118.9 | )
(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. The following table presents the measure of operating segment assets used by the Company's CODM as of September 30, 2025 and December 31, 2024:
(in millions) |  | September 30, 2025 |  |  | December 31, 2024 |
ACCO Brands Americas |  | $ | 395.2 |  |  | $ | 418.0 |
ACCO Brands International |  |  | 216.5 |  |  |  | 201.3 |
Total segment assets(4) |  |  | 611.7 |  |  |  | 619.3 |
Goodwill |  |  | 472.4 |  |  |  | 446.4 |
Identifiable intangibles, net |  |  | 708.9 |  |  |  | 709.6 |
Property, plant and equipment, net |  |  | 140.0 |  |  |  | 137.5 |
Unallocated assets(5) |  |  | 325.5 |  |  |  | 315.6 |
Total assets |  | $ | 2,258.5 |  |  | $ | 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. Property, plant, and equipment, net by operating segment as of September 30, 2025 and December 31, 2024:
(in millions) |  | September 30, 2025 |  |  | December 31, 2024 |
U.S. |  | $ | 49.0 |  |  | $ | 51.1 |
Canada |  |  | 0.8 |  |  |  | 0.9 |
Latin America |  |  | 25.4 |  |  |  | 22.7 |
ACCO Brands Americas |  |  | 75.2 |  |  |  | 74.7 |
ACCO Brands EMEA |  |  | 55.3 |  |  |  | 53.5 |
Australia/N.Z. |  |  | 8.8 |  |  |  | 8.7 |
Asia-Pacific |  |  | 0.7 |  |  |  | 0.6 |
ACCO Brands International |  |  | 64.8 |  |  |  | 62.8 |
Property, plant and equipment, net |  | $ | 140.0 |  |  | $ | 137.5 |
Capital spend by operating segment as of September 30, 2025 and December 31, 2024:
(in millions) |  | September 30, 2025 |  |  | December 31, 2024 |
ACCO Brands Americas |  | $ | 10.0 |  |  | $ | 10.2 |
ACCO Brands International |  |  | 3.6 |  |  |  | 6.8 |
Total capital spend |  | $ | 13.6 |  |  | $ | 17.0 |
Depreciation expense by operating segment for three and nine months ended September 30, 2025 and 2024 was as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(in millions) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
ACCO Brands Americas |  | $ | 4.4 |  |  | $ | 4.9 |  |  | $ | 13.1 |  |  | $ | 14.3 |
ACCO Brands International |  |  | 2.3 |  |  |  | 2.2 |  |  |  | 6.9 |  |  |  | 6.9 |
Total depreciation |  | $ | 6.7 |  |  | $ | 7.1 |  |  | $ | 20.0 |  |  | $ | 21.2 |

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration