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Information on Operating Segments (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

For The Year Ended December 31, 2025

 

 

For The Year Ended December 31, 2024

 

 

ACCO Brands
Americas

 

ACCO Brands International

 

Total

 

 

ACCO Brands
Americas

 

ACCO Brands International

 

Total

 

Net Sales

$

894.4

 

$

630.3

 

$

1,524.7

 

 

$

999.9

 

$

666.3

 

$

1,666.2

 

Cost of products sold

 

598.3

 

 

426.4

 

 

1,024.7

 

 

 

666.0

 

 

444.8

 

 

1,110.8

 

Gross profit

 

296.1

 

 

203.9

 

 

500.0

 

 

 

333.9

 

 

221.5

 

 

555.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing expenses(1)

 

108.8

 

 

92.0

 

 

200.8

 

 

 

115.2

 

 

91.5

 

 

206.7

 

Administrative expenses(2)

 

58.1

 

 

48.0

 

 

106.1

 

 

 

64.9

 

 

51.9

 

 

116.8

 

Restructuring

 

7.7

 

 

14.1

 

 

21.8

 

 

 

6.5

 

 

6.9

 

 

13.4

 

Gain on the disposal of assets

 

(5.7

)

 

(1.1

)

 

(6.8

)

 

 

 

 

 

 

 

Impairment of goodwill and intangible assets

 

 

 

 

 

 

 

 

165.2

 

 

 

 

165.2

 

All other(3)

 

29.5

 

 

16.7

 

 

46.2

 

 

 

27.6

 

 

17.1

 

 

44.7

 

Segment operating income (loss)

 

97.7

 

 

34.2

 

 

131.9

 

 

 

(45.5

)

 

54.1

 

 

8.6

 

Corporate expense

 

 

 

 

 

39.6

 

 

 

 

 

 

 

45.6

 

Total consolidated operating income (loss)

 

 

 

 

 

92.3

 

 

 

 

 

 

 

(37.0

)

Interest expense, net

 

 

 

 

 

36.4

 

 

 

 

 

 

 

45.1

 

Non-operating pension expense

 

 

 

 

 

2.5

 

 

 

 

 

 

 

6.1

 

Other expense (income)

 

 

 

 

 

4.3

 

 

 

 

 

 

 

(0.9

)

Income (loss) before income tax

 

 

 

 

$

49.1

 

 

 

 

 

 

$

(87.3

)

 

 

For The Year Ended December 31, 2023

 

 

ACCO Brands
Americas

 

ACCO Brands International

 

Total

 

Net Sales

$

1,135.7

 

$

697.1

 

$

1,832.8

 

Cost of products sold

 

761.7

 

 

472.8

 

 

1,234.5

 

Gross profit

 

374.0

 

 

224.3

 

 

598.3

 

 

 

 

 

 

 

 

Sales and marketing expenses(1)

 

123.7

 

 

94.2

 

 

217.9

 

Administrative expenses(2)

 

75.2

 

 

52.3

 

 

127.5

 

Restructuring

 

16.7

 

 

9.9

 

 

26.6

 

Impairment of goodwill and intangible assets

 

89.5

 

 

 

 

89.5

 

All other(3)

 

25.0

 

 

18.3

 

 

43.3

 

Segment operating income

 

43.9

 

 

49.6

 

 

93.5

 

Corporate expense

 

 

 

 

 

48.8

 

Total consolidated operating income

 

 

 

 

 

44.7

 

Interest expense, net

 

 

 

 

 

51.5

 

Non-operating pension expense

 

 

 

 

 

1.8

 

Other expense, net

 

 

 

 

 

4.5

 

Loss before income tax

 

 

 

 

$

(13.1

)

 

(1)
Sales and Marketing consists primarily of advertising, marketing, selling, customer service expenses, and research and development.
(2)
Admin 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 December 31, 2025, and 2024:

 

(in millions)

 

2025

 

 

2024

 

ACCO Brands Americas

 

$

445.9

 

 

$

418.0

 

ACCO Brands International

 

 

202.9

 

 

 

201.3

 

Total segment assets(4)

 

 

648.8

 

 

 

619.3

 

Goodwill

 

 

478.5

 

 

 

446.4

 

Identifiable intangibles, net

 

 

696.9

 

 

 

709.6

 

Property, plant and equipment, net

 

 

138.8

 

 

 

137.5

 

Unallocated assets(5)

 

 

290.0

 

 

 

315.6

 

Total assets

 

$

2,253.0

 

 

$

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 issuance 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 December 31, 2025, and 2024 was as follows:

 

(in millions)

 

2025

 

 

2024

 

U.S.

 

$

48.5

 

 

$

51.1

 

Canada

 

 

0.8

 

 

 

0.9

 

Latin America

 

 

24.2

 

 

 

22.7

 

ACCO Brands Americas

 

 

73.5

 

 

 

74.7

 

 

 

 

 

 

 

 

ACCO Brands EMEA

 

 

55.8

 

 

 

53.5

 

Australia/N.Z.

 

 

8.9

 

 

 

8.7

 

Asia-Pacific

 

 

0.6

 

 

 

0.6

 

ACCO Brands International

 

 

65.3

 

 

 

62.8

 

Property, plant and equipment, net

 

$

138.8

 

 

$

137.5

 

Schedule of Capital Spend and Depreciation Expense by Segment

Capital spend by operating segment for the years ended December 31, 2025, 2024 and 2023 was as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

ACCO Brands Americas

 

$

13.4

 

 

$

10.2

 

 

$

7.7

 

ACCO Brands International

 

 

6.1

 

 

 

6.8

 

 

 

7.6

 

Total capital spend

 

$

19.5

 

 

$

17.0

 

 

$

15.3

 

 

Depreciation expense by operating segment for the years ended December 31, 2025, 2024 and 2023 was as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

ACCO Brands Americas

 

$

17.4

 

 

$

19.2

 

 

$

20.4

 

ACCO Brands International

 

 

9.2

 

 

 

9.2

 

 

 

12.3

 

Total depreciation

 

$

26.6

 

 

$

28.4

 

 

$

32.7