Information on Business Segments (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Schedule of Net Sales by Business Segment

Net sales by business segment for the years ended December 31, 2017, 2016 and 2015 were as follows:

(in millions of dollars)	2017		2016		2015
ACCO Brands North America	$	999.0	$	1,016.1	$	1,025.7
ACCO Brands EMEA	542.8		171.8		199.7
ACCO Brands International	407.0		369.2		285.0
Net sales	$	1,948.8	$	1,557.1	$	1,510.4

Schedule of Operating Income by Business Segment

Operating income by business segment for the years ended December 31, 2017, 2016 and 2015 was as follows:

(in millions of dollars)	2017			2016			2015
ACCO Brands North America	$	155.6		$	153.3		$	151.6
ACCO Brands EMEA	37.1			12.6			18.0
ACCO Brands International	50.9			49.4			29.1
Segment operating income	243.6			215.3			198.7
Corporate(1)	(50.6		)	(48.0		)	(35.2		)
Operating income(2)	193.0			167.3			163.5
Interest expense	41.1			49.3			44.5
Interest income	(5.8		)	(6.4		)	(6.6		)
Equity in earnings of joint-venture	—			(2.1		)	(7.9		)
Other (income) expense, net	(0.4		)	1.4			2.1
Income before income tax	$	158.1		$	125.1		$	131.4

(1) Corporate operating loss in 2017, 2016 and 2015 includes transaction costs of $5.0 million, $10.5 million and $0.6 million respectively, primarily for legal and due diligence expenditures associated with the Esselte and PA acquisitions.

(2) Operating income as presented in the segment table above is defined as i) net sales; ii) less cost of products sold; iii) less advertising, selling, general and administrative expenses; iv) less amortization of intangibles; and v) less restructuring charges.

Reconciliation of Assets from Segment to Consolidated

The following table presents the measure of segment assets used by the Company’s chief operating decision maker.

	December 31,
(in millions of dollars)	2017		2016
ACCO Brands North America(3)	$	413.9	$	404.3
ACCO Brands EMEA(3)	287.6		104.0
ACCO Brands International(3)	338.2		323.4
Total segment assets	1,039.7		831.7
Unallocated assets	1,758.6		1,232.0
Corporate(3)	0.8		0.8
Total assets	$	2,799.1	$	2,064.5

(3) Represents total assets, excluding: goodwill and identifiable intangibles resulting from business acquisitions, intercompany balances, cash, deferred taxes, derivatives, prepaid pension assets and prepaid debt issuance costs.

Schedule of Assets by Segment Including Allocation of Intangible Assets and Goodwill

As a supplement to the presentation of segment assets presented above, the table below presents segment assets, including the allocation of identifiable intangible assets and goodwill resulting from business combinations.

	December 31,
(in millions of dollars)	2017		2016
ACCO Brands North America(4)	$	1,204.3	$	1,206.8
ACCO Brands EMEA(4)	711.7		155.2
ACCO Brands International(4)	634.0		622.5
Total segment assets	2,550.0		1,984.5
Unallocated assets	248.3		79.2
Corporate(4)	0.8		0.8
Total assets	$	2,799.1	$	2,064.5

(4) Represents total assets, excluding: intercompany balances, cash, deferred taxes, derivatives, prepaid pension assets and prepaid debt issuance costs.

Schedule of Capital Spend and Depreciation Expense by Segment

Capital spend by segment was as follows:

	December 31,
(in millions of dollars)	2017		2016		2015
ACCO Brands North America	$	16.3	$	10.3	$	12.5
ACCO Brands EMEA	5.1		2.9		10.3
ACCO Brands International	9.6		5.3		4.8
Total capital spend	$	31.0	$	18.5	$	27.6

Depreciation expense by segment was as follows:

	December 31,
(in millions of dollars)	2017		2016		2015
ACCO Brands North America	$	17.7	$	19.7	$	23.3
ACCO Brands EMEA	11.9		5.0		3.4
ACCO Brands International	6.0		5.7		5.7
Total depreciation	$	35.6	$	30.4	$	32.4

Schedule of Property, Plant and Equipment, Net by Geographic Region

Property, plant and equipment, net by geographic region was as follows:

	December 31,
(in millions of dollars)	2017		2016
U.S.	$	102.3	$	103.0
Brazil	35.6		36.8
U.K.	30.5		30.3
Poland	26.8		—
Germany	21.2		—
Australia	14.7		12.5
Other countries	47.4		15.8
Property, plant and equipment, net	$	278.5	$	198.4

Schedule of Net Sales by Geographic Region

Net sales by geographic region⁽⁵⁾ were as follows:

	December 31,
(in millions of dollars)	2017		2016		2015
U.S.	$	880.4	$	894.4	$	904.3
Australia	173.5		156.5		91.8
Germany	141.4		—		—
Canada	118.6		121.7		121.4
Brazil	114.6		102.6		92.0
Netherlands	111.3		101.4		108.7
Sweden	61.3		—		—
U.K.	59.2		59.1		76.4
Mexico	50.6		47.3		49.6
Other countries	237.9		74.1		66.2
Net sales	$	1,948.8	$	1,557.1	$	1,510.4

(5) Net sales are attributed to geographic areas based on the location of the selling subsidiaries.