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Restructuring (Tables)
12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Summary of Activity in Restructuring Accounts

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