The Company recorded $21.6 million, $16.8 million, and $27.2 million of restructuring charges for the years ended December 31, 2025, 2024 and 2023, respectively. Restructuring charges were primarily for severance costs related to cost reduction initiatives for all segments in 2025, 2024 and 2023.

The summary of the activity in the restructuring liability for the year ended December 31, 2025 was as follows:


(in millions)	Balance at December 31, 2024		Provision		Cash Expenditures			Non-cash Items/Currency Change		Balance at December 31, 2025
Employee termination costs	$	26.6	$	18.8	$	(23.2	)	$	0.8	$	23.0
Other		—		2.8		(2.6	)		0.1		0.3
Total restructuring liability(1)	$	26.6	$	21.6	$	(25.8	)	$	0.9	$	23.3

(1)

We expect $17.8 million of the remaining $23.0 million of employee termination costs to be substantially paid within the next twelve months.

The summary of the activity in the restructuring accounts for the year ended December 31, 2024 was as follows:


(in millions)	Balance at December 31, 2023		Provision		Cash Expenditures			Non-cash Items/Currency Change			Balance at December 31, 2024
Employee termination costs	$	27.5	$	16.6	$	(17.0	)	$	(0.5	)	$	26.6
Other		0.9		0.2		(1.1	)		—			—
Total restructuring liability	$	28.4	$	16.8	$	(18.1	)	$	(0.5	)	$	26.6

The summary of the activity in the restructuring accounts for the year ended December 31, 2023 was as follows:


(in millions)	Balance at December 31, 2022		Provision		Cash Expenditures			Non-cash Items/Currency Change		Balance at December 31, 2023
Employee termination costs	$	8.7	$	26.1	$	(7.6	)	$	0.3	$	27.5
Other		—		1.1		(0.2	)		—		0.9
Total restructuring liability	$	8.7	$	27.2	$	(7.8	)	$	0.3	$	28.4

Restructuring charges for the years ended December 31, 2025, 2024 and 2023 by reporting segment were as follows:


(in millions)	2025			2024		2023
ACCO Brands Americas	$	7.7		$	6.5	$	16.7
ACCO Brands International		14.1			6.9		9.9
Corporate		(0.2	)		3.4		0.6
Total restructuring charges	$	21.6		$	16.8	$	27.2