ACCO BRANDS CORP, 10-K filed on 3/9/2026
Annual Report
v3.25.4
Cover page - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Mar. 02, 2026
Jun. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2025    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 001-08454    
Entity Registrant Name ACCO Brands Corporation    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 36-2704017    
Entity Address, Address Line One Four Corporate Drive    
Entity Address, City or Town Lake Zurich    
Entity Address, State or Province IL    
Entity Address, Postal Zip Code 60047    
City Area Code 847    
Local Phone Number 541-9500    
Title of 12(b) Security Common Stock, par value $.01 per share    
Trading Symbol ACCO    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 316.1
Entity Common Stock, Shares Outstanding   90,170,277  
Documents Incorporated by Reference

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant’s definitive proxy statement to be issued in connection with registrant’s annual stockholders' meeting expected to be held on May 16, 2026, are incorporated by reference into Part III of this report.

    
Entity Central Index Key 0000712034    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.25.4
Audit Information
 12 Months Ended
Dec. 31, 2025
Auditor Information [Abstract]  
Auditor Name KPMG LLP
Auditor Location Chicago, IL
Auditor Firm ID 185
Auditor Opinion [Text Block]

Opinions on the Consolidated Financial Statements and Internal Control Over Financial Reporting

 

We have audited the accompanying consolidated balance sheets of ACCO Brands Corporation and subsidiaries (the Company) as of December 31, 2025 and 2024, the related consolidated statements of income (loss), comprehensive income (loss), stockholders’ equity, and cash flows for each of the years in the three-year period ended December 31, 2025, and the related notes and financial statement Schedule II - Valuation and Qualifying Accounts and Reserves (collectively, the consolidated financial statements). We also have audited the Company’s internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

 

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 2025, in conformity with U.S. generally accepted accounting principles. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025 based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.
v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 64.4 $ 74.1
Accounts receivable less allowances of $18.6 and $16.2, respectively 359.7 348.9
Inventories 289.1 270.4
Other current assets 37.1 38.1
Total current assets 750.3 731.5
Total property, plant and equipment 528.4 505.5
Less: accumulated depreciation (389.6) (368.0)
Property, plant and equipment, net [1] 138.8 137.5
Right of use asset, leases 78.0 81.0
Deferred income taxes 92.8 89.3
Goodwill 478.5 446.4
Identifiable intangibles, net of accumulated amortization of $525.6 and $460.0, respectively 696.9 709.6
Other non-current assets 17.7 33.1
Total assets 2,253.0 2,228.4
Current liabilities:    
Notes payable 0.0 10.5
Current portion of long-term debt 30.8 40.8
Accounts payable 186.7 167.3
Accrued compensation 30.1 43.2
Accrued customer program liabilities 77.1 78.5
Lease liabilities 20.5 21.5
Other current liabilities 120.1 128.5
Total current liabilities 465.3 490.3
Long-term debt, net of debt issuance costs of $4.1 and $5.1, respectively 806.0 783.3
Long-term lease liabilities 63.5 66.9
Deferred income taxes 108.8 111.9
Pension and post-retirement benefit obligations 117.5 117.2
Other non-current liabilities 27.3 52.7
Total liabilities 1,588.4 1,622.3
Stockholders' equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized; 95,581,746 and 98,131,339 shares issued and 90,136,133 and 92,881,008 outstanding, respectively 1.0 1.0
Treasury stock, 5,445,613 and 5,250,331 shares, respectively (47.9) (47.0)
Paid-in capital 1,909.4 1,911.8
Accumulated other comprehensive loss (522.6) (572.1)
Accumulated deficit (675.3) (687.6)
Total stockholders' equity 664.6 606.1
Total liabilities and stockholders' equity $ 2,253.0 $ 2,228.4
[1] Net property, plant and equipment as of December 31, 2025, and 2024 included $25.8 million and $29.4 million of computer software assets, respectively, which are classified within machinery and equipment and construction in progress. Depreciation expense for software was $13.7 million, $13.8 million, and $14.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.
v3.25.4
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Allowances $ 18.6 $ 16.2
Amortizable intangible assets, accumulated amortization 525.6 460.0
Debt Issuance cost, unamortized $ 4.1 $ 5.1
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 200,000,000 200,000,000
Common stock, shares, issued (in shares) 95,581,746 98,131,339
Common stock, shares outstanding (in shares) 90,136,133 92,881,008
Treasury stock, shares (in shares) 5,445,613 5,250,331
v3.25.4
Consolidated Statements of Income (Loss) - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net sales $ 1,524.7 $ 1,666.2 $ 1,832.8
Cost of products sold 1,024.7 1,110.8 1,234.5
Gross profit 500.0 555.4 598.3
Operating costs and expenses:      
Selling, general and administrative expenses 346.7 365.7 393.5
Amortization of intangibles 46.2 44.7 43.4
Restructuring 21.6 [1] 16.8 27.2
Gain on the disposal of assets (6.8) 0.0 0.0
Impairment of goodwill and intangible assets 0.0 165.2 89.5
Total operating costs and expenses 407.7 592.4 553.6
Operating income (loss) 92.3 (37.0) 44.7
Non-operating expense (income):      
Interest expense 45.8 52.6 58.6
Interest income (9.4) (7.5) (7.1)
Non-operating pension expense 2.5 6.1 1.8
Other expense (income), net 4.3 (0.9) 4.5
Income (loss) before income tax 49.1 (87.3) (13.1)
Income tax expense 7.8 14.3 8.7
Net income (loss) $ 41.3 $ (101.6) $ (21.8)
Per share:      
Basic income (loss) per share $ 0.45 $ (1.06) $ (0.23)
Diluted income (loss) per share $ 0.44 $ (1.06) $ (0.23)
Weighted average number of shares outstanding:      
Basic (in shares) 92.1 95.6 95.3
Diluted (in shares) [2] 94.0 95.6 95.3
[1] We expect $17.8 million of the remaining $23.0 million of employee termination costs to be substantially paid within the next twelve months
[2] Due to the net loss during the twelve months ended December 31, 2024 and 2023, diluted earnings per share are the same as basic earnings per share.
v3.25.4
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net income (loss) $ 41.3 $ (101.6) $ (21.8)
Other comprehensive income (loss) net of tax:      
Unrealized (loss) gain on derivative instruments, net of tax benefit (expense) of $1.1, $(1.1) and $0.6, respectively (2.8) 2.8 (1.8)
Foreign currency translation adjustments, net of tax benefit (expense) of $1.6, $(1.1) and $0.8, respectively 56.5 (66.1) 30.3
Recognition of deferred pension and other post-retirement items, net of tax benefit (expense) of $0.7, $(6.0) and $4.7, respectively (4.2) 17.5 (14.5)
Other comprehensive income (loss) net of tax: 49.5 (45.8) 14.0
Comprehensive income (loss) $ 90.8 $ (147.4) $ (7.8)
v3.25.4
Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Unrealized (loss) gain on derivative instruments, tax benefit (expense) $ 1.1 $ (1.1) $ 0.6
Foreign currency translation adjustments, tax benefit (expense) 1.6 (1.1) 0.8
Recognition of deferred pension and other post-retirement items, tax benefit (expense) $ 0.7 $ (6.0) $ 4.7
v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities      
Net income (loss) $ 41.3 $ (101.6) $ (21.8)
Gain on disposal of assets (6.8) (1.8) (0.3)
Deferred income tax benefit (3.5) (6.9) (20.1)
Depreciation 26.6 28.4 32.7
Amortization of debt issuance costs 2.3 2.8 3.0
Amortization of intangibles 46.2 44.7 43.4
Stock-based compensation 11.5 11.9 14.8
Loss on debt extinguishment 0.0 1.0 0.0
Non-cash charge for impairment of goodwill and intangible assets 0.0 165.2 89.5
Changes in operating assets and liabilities:      
Accounts receivable 5.2 43.3 (38.6)
Inventories 1.1 38.3 85.5
Other assets 1.6 (9.0) 5.9
Accounts payable 10.0 (6.3) (68.0)
Accrued expenses and other liabilities (42.4) (41.5) 18.2
Accrued income taxes (24.4) (20.3) (15.5)
Net cash provided by operating activities 68.7 148.2 128.7
Investing activities      
Additions to property, plant and equipment (17.9) (15.9) (13.8)
Proceeds from the disposition of assets 18.7 3.6 2.6
Cost of acquisitions, net of cash acquired (10.1) 0.0 0.0
Net cash used by investing activities (9.3) (12.3) (11.2)
Financing activities      
Proceeds from long-term borrowings 165.1 207.0 121.9
Repayments of long-term debt (185.1) (292.5) (199.2)
(Repayments) Borrowings of notes payable, net (12.3) 10.8 (10.2)
Payments for debt issuance costs (1.4) (2.5) 0.0
Dividends paid (27.0) (28.4) (28.5)
Repurchases of common stock (15.1) (15.0) 0.0
Payments related to tax withholding for stock-based compensation (0.9) (2.0) (1.7)
Net cash used by financing activities (76.7) (122.6) (117.7)
Effect of foreign exchange rate changes on cash and cash equivalents 7.6 (5.6) 4.4
Net (decrease) increase in cash and cash equivalents (9.7) 7.7 4.2
Cash and cash equivalents      
Beginning of the period 74.1 66.4 62.2
End of the period 64.4 74.1 66.4
Cash paid during the year for:      
Interest 43.3 49.4 55.6
Income taxes $ 35.7 $ 41.6 $ 44.3
v3.25.4
Consolidated Statements of Stockholders’ Equity - USD ($)
$ in Millions
Total
Common Stock
Paid-in Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Balance at start of period at Dec. 31, 2022 $ 810.1 $ 1.0 $ 1,897.2 $ (43.4) $ (540.3) $ (504.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (21.8)         (21.8)
Gain (loss) on derivative financial instruments, net of tax (1.8)       (1.8)  
Translation impact, net of tax 30.3       30.3  
Pension and post-retirement adjustment, net of tax (14.5)       (14.5)  
Stock-based compensation 14.8   16.3     (1.5)
Common stock issued, net of shares withheld for employee taxes (1.7)     (1.7)    
Dividends declared (28.5)         (28.5)
Other 0.1   (0.1)     0.2
Balance at end of period at Dec. 31, 2023 $ 787.0 $ 1.0 1,913.4 $ (45.1) (526.3) (556.0)
Balance at start of period (in shares) at Dec. 31, 2022   98.9        
Balance at start of period (in shares) at Dec. 31, 2022       4.6    
Increase (Decrease) In Capital Stock [Roll Forward]            
Common stock issued, net of shares withheld for employee taxes (in shares)   0.9   0.3    
Common stock repurchase (in shares) 0          
Balance at end of period (in shares) at Dec. 31, 2023   99.8        
Balance at end of period (in shares) at Dec. 31, 2023       4.9    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) $ (101.6)         (101.6)
Gain (loss) on derivative financial instruments, net of tax 2.8       2.8  
Translation impact, net of tax (66.1)       (66.1)  
Pension and post-retirement adjustment, net of tax 17.5       17.5  
Common stock repurchases (15.0)   (15.0)      
Stock-based compensation 11.9   13.3     (1.4)
Common stock issued, net of shares withheld for employee taxes (2.0)     $ (2.0)    
Dividends declared (28.4)         (28.4)
Other     0.1     (0.2)
Balance at end of period at Dec. 31, 2024 $ 606.1 $ 1.0 1,911.8 $ (47.0) (572.1) (687.6)
Increase (Decrease) In Capital Stock [Roll Forward]            
Common stock issued, net of shares withheld for employee taxes (in shares)   1.2   0.4    
Common stock repurchase (in shares) (2,900,000) (2.9)        
Balance at end of period (in shares) at Dec. 31, 2024   98.1        
Balance at end of period (in shares) at Dec. 31, 2024 5,250,331     5.3    
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) $ 41.3         41.3
Gain (loss) on derivative financial instruments, net of tax (2.8)       (2.8)  
Translation impact, net of tax 56.5       56.5  
Pension and post-retirement adjustment, net of tax (4.2)       (4.2)  
Common stock repurchases (15.3)   (15.3)      
Stock-based compensation 11.5   12.9     (1.4)
Common stock issued, net of shares withheld for employee taxes (0.9)     $ (0.9)    
Dividend equivalents on unvested awards (0.5)         (0.5)
Dividends declared (27.0)         (27.0)
Other (0.1)         (0.1)
Balance at end of period at Dec. 31, 2025 $ 664.6 $ 1.0 $ 1,909.4 $ (47.9) $ (522.6) $ (675.3)
Increase (Decrease) In Capital Stock [Roll Forward]            
Common stock issued, net of shares withheld for employee taxes (in shares)   0.7   0.1    
Common stock repurchase (in shares) (3,200,000) (3.2)        
Balance at end of period (in shares) at Dec. 31, 2025   95.6        
Balance at end of period (in shares) at Dec. 31, 2025 5,445,613     5.4    
v3.25.4
Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]      
Common stock, dividends per share, declared (in dollar per share) $ 0.3 $ 0.3 $ 0.3
v3.25.4
Pay vs Performance Disclosure - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure      
Net Income (Loss) $ 41.3 $ (101.6) $ (21.8)
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Rule 10b5-1 Arr Modified Flag false
Non Rule 10b5-1 Arr Modified Flag false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management, Strategy and Governance
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

ITEM 1C. CYBERSECURITY

 

Risk Management and Strategy

 

The Company recognizes the importance of maintaining cybersecurity measures to safeguard our information systems and protect the confidentiality, integrity, and availability of our data. Our cybersecurity risk management is included within our overall enterprise risk management program.

 

We have implemented a risk-based cybersecurity program to identify, assess, prioritize and manage risks from cybersecurity threats. Our efforts are designed to maintain the confidentiality, integrity and availability of our information and operational technology systems and data stored on those systems. In general, we seek to address cybersecurity risks through a risk-based, cross-functional approach that is focused on preserving the confidentiality, security and availability of our information and information systems, and to mitigate and respond effectively to cybersecurity incidents and threats. As appropriate, the Company engages external parties, including consultants, legal counsel and audit firms to enhance its cybersecurity oversight and assist with incident response. Our cybersecurity program includes:

 

Technical Safeguards

 

We deploy technical safeguards that are designed to protect our information systems from cybersecurity threats, including firewalls, intrusion prevention and endpoint detection and response systems, regular monitoring and access controls, which are evaluated and improved through vulnerability assessments and cybersecurity threat intelligence.

Security Policy and Requirements

 

We have an Information Security Policy that details the overall risk-based framework and governance for the management and security of our information technology assets and information. The policy applies to everyone who accesses our data or information resources, including third parties we engage.

 

Cybersecurity Roadmap and Risk Assessment

 

We have a cybersecurity roadmap that provides a framework for prioritizing and managing our ongoing cybersecurity program. We conduct periodic risk assessments based on the National Institute of Standards and Technology ("NIST") cybersecurity framework to identify and assess our cybersecurity risks, vulnerabilities and information security maturity assessments to evaluate the maturity stage of the overall cybersecurity program. The results of these assessments are reported to the Audit Committee of the Board, and we adjust our cybersecurity roadmap, policies, processes, and practices as necessary based on the information provided by these assessments as well as the monitoring, testing, and auditing noted below.

 

Incident Response and Recovery Planning

 

We have an established incident response and recovery plan based on the NIST cybersecurity framework. The plan specifies the process for identifying, classifying, documenting, and responding to cybersecurity incidents, including escalation protocols to ensure the involvement of our executive leadership, including our CEO, CFO, CIO, and General Counsel so that decisions regarding the public disclosure and reporting of any incident can be made by executive management in a timely manner.

 

Third-Party Risk Management

 

We use a risk-based approach to identify and oversee cybersecurity risks presented by third parties, including vendors and service providers, as well as the systems of third parties that could adversely impact our business in the event of a cybersecurity incident affecting those third-party systems. We also obtain assurances from outsourced service providers regarding the sufficiency of their security procedures and, where appropriate, assess the protections employed by these third parties.

Monitoring, Testing and Auditing

 

We monitor the evolving cybersecurity landscape that could result in new or increased cybersecurity threats. We also engage in the periodic assessment and testing of our policies, standards, processes and practices. These efforts include audits, vulnerability and penetration testing, tabletop exercises, social engineering campaigns, and other internal and external assessments. We evaluate the effectiveness of our information technology-related internal controls annually.

Education and Awareness

 

The Company regularly conducts mandatory cybersecurity training for its employees, and all new hires are required to take cybersecurity training when they receive their Company computer. Failure to complete the training in a timely fashion results in their system access being suspended until completion. Management also regularly conducts "phishing" exercises to test the effectiveness of our training programs. The results of these exercises are reported to the Audit Committee. Employees also receive monthly newsletters highlighting cybersecurity developments as well as targeted email messages, as appropriate.

Insurance

 

The Company maintains cybersecurity insurance coverage in an amount that management believes to be appropriate for the Company's risk profile.

Governance

Audit Committee Oversight

 

Our Audit Committee oversees the Company's cybersecurity risks. Ms. Dvorak has a certificate in Cybersecurity Oversight from the National Association of Corporate Directors and Mr. Burton is a technology expert with experience in online fraud and cybersecurity. Both Ms. Dvorak and Mr. Burton are members of our Audit Committee.

 

Our Senior Vice President and Chief Information Officer and our Vice President, Global Infrastructure, Operations, & Cybersecurity, update the Audit Committee regularly regarding the status of ongoing cybersecurity initiatives and strategies and

incident reports. They also present information to the Audit Committee regarding management's cybersecurity risk and maturity assessments, including changes to our cybersecurity roadmap as a result of these assessments. This briefing is also posted to the full Board, which also receives quarterly updates through the Audit Committee. In accordance with the Company's policies and incident response plans, based on the severity of the incident, the Audit Committee is notified and briefed. The Board and executive management participate in cybersecurity training and conduct tabletop exercises on a periodic basis.

Management Oversight

 

At a management level, our cybersecurity program is led by our Vice President, Global Infrastructure, Operations, & Cybersecurity who oversees a team with extensive knowledge and expertise. He reports to our Chief Information Officer, who reports to our Chief Executive Officer. Our Vice President, Global Infrastructure, Operations, & Cybersecurity also chairs our Cybersecurity Management Committee which consists of senior business and functional leaders, including our Chief Information Officer and General Counsel. The Cybersecurity Management Committee is intended to provide cross-functional support for cybersecurity risk management.

Cyber Risks, Threats and Incidents

 

As a global company servicing customers in over 100 countries, we experience a variety of cybersecurity events and incidents. However, as of the date of this Annual Report on Form 10-K, we are not aware of any cybersecurity incident that has materially affected or is reasonably likely to materially affect our business, strategy, results of operations, or financial condition; though there can be no assurance that a cybersecurity incident that could have a material impact on us will not occur in the future. For further details regarding the cybersecurity risks and uncertainties we face see "Part I, Item 1A. Risk Factors -Technology and Cybersecurity Risks" of this report.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]

Governance

Audit Committee Oversight

 

Our Audit Committee oversees the Company's cybersecurity risks. Ms. Dvorak has a certificate in Cybersecurity Oversight from the National Association of Corporate Directors and Mr. Burton is a technology expert with experience in online fraud and cybersecurity. Both Ms. Dvorak and Mr. Burton are members of our Audit Committee.

 

Our Senior Vice President and Chief Information Officer and our Vice President, Global Infrastructure, Operations, & Cybersecurity, update the Audit Committee regularly regarding the status of ongoing cybersecurity initiatives and strategies and

incident reports. They also present information to the Audit Committee regarding management's cybersecurity risk and maturity assessments, including changes to our cybersecurity roadmap as a result of these assessments. This briefing is also posted to the full Board, which also receives quarterly updates through the Audit Committee. In accordance with the Company's policies and incident response plans, based on the severity of the incident, the Audit Committee is notified and briefed. The Board and executive management participate in cybersecurity training and conduct tabletop exercises on a periodic basis.

Management Oversight

 

At a management level, our cybersecurity program is led by our Vice President, Global Infrastructure, Operations, & Cybersecurity who oversees a team with extensive knowledge and expertise. He reports to our Chief Information Officer, who reports to our Chief Executive Officer. Our Vice President, Global Infrastructure, Operations, & Cybersecurity also chairs our Cybersecurity Management Committee which consists of senior business and functional leaders, including our Chief Information Officer and General Counsel. The Cybersecurity Management Committee is intended to provide cross-functional support for cybersecurity risk management.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]

Our Senior Vice President and Chief Information Officer and our Vice President, Global Infrastructure, Operations, & Cybersecurity, update the Audit Committee regularly regarding the status of ongoing cybersecurity initiatives and strategies and

incident reports. They also present information to the Audit Committee regarding management's cybersecurity risk and maturity assessments, including changes to our cybersecurity roadmap as a result of these assessments.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] This briefing is also posted to the full Board, which also receives quarterly updates through the Audit Committee. In accordance with the Company's policies and incident response plans, based on the severity of the incident, the Audit Committee is notified and briefed. The Board and executive management participate in cybersecurity training and conduct tabletop exercises on a periodic basis.
Cybersecurity Risk Role of Management [Text Block]

Management Oversight

 

At a management level, our cybersecurity program is led by our Vice President, Global Infrastructure, Operations, & Cybersecurity who oversees a team with extensive knowledge and expertise. He reports to our Chief Information Officer, who reports to our Chief Executive Officer. Our Vice President, Global Infrastructure, Operations, & Cybersecurity also chairs our Cybersecurity Management Committee which consists of senior business and functional leaders, including our Chief Information Officer and General Counsel. The Cybersecurity Management Committee is intended to provide cross-functional support for cybersecurity risk management.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our Vice President, Global Infrastructure, Operations, & Cybersecurity also chairs our Cybersecurity Management Committee which consists of senior business and functional leaders, including our Chief Information Officer and General Counsel.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] He reports to our Chief Information Officer, who reports to our Chief Executive Officer.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Cybersecurity Management Committee is intended to provide cross-functional support for cybersecurity risk management.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Basis of Presentation
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation

1. Basis of Presentation

 

As used in this Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the terms "ACCO Brands," "ACCO," the "Company," "we," "us," and "our" refer to ACCO Brands Corporation, a Delaware corporation incorporated in 2005, and its consolidated domestic and international subsidiaries.

 

The management of ACCO Brands Corporation is responsible for the accuracy and internal consistency of the preparation of the consolidated financial statements and notes contained in this Annual Report on Form 10-K. The Company may, from time to time, reclassify certain amounts relating to its prior period disclosures to conform to its current period presentation within the notes to the consolidated financial statements.

 

The consolidated financial statements include the accounts of ACCO Brands Corporation and its domestic and international subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation.
v3.25.4
Significant Accounting Policies, Recent Accounting Pronouncements and Adopted Accounting Standards
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Significant Accounting Policies, Recent Accounting Pronouncements and Adopted Accounting Standards

2. Significant Accounting Policies, Recent Accounting Pronouncements and Adopted Accounting Standards

 

Nature of Business

 

ACCO Brands 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 product categories include gaming and computer accessories; storage and organization; notebooks; shredding; laminating and binding machines; stapling; punching; planners; dry erase boards; and do-it-yourself tools, among others. Our portfolio includes both globally and regionally recognized brands.

 

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.

 

Use of Estimates

 

Our financial statements are prepared in conformity with generally accepted accounting principles in the U.S. ("GAAP"). Preparation of our financial statements requires us to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses presented for each reporting period in the financial statements and the related accompanying notes. Actual results could differ significantly from those estimates. We regularly review our assumptions and estimates, which are based on historical experience and, where appropriate, current business trends.

 

Cash and Cash Equivalents

 

Highly liquid investments with an original maturity of three months or less are included in cash and cash equivalents.

 

Accounts Receivable and Allowances for Sales/Pricing/Cash Discounts and Doubtful Accounts

 

Trade receivables are recorded at the stated amount, less allowances for sales/pricing/cash discounts and doubtful accounts. The allowance for sales/pricing/cash discounts represents estimated uncollectible receivables associated with the products previously sold to customers and is recorded at the same time that the sales are recognized. The allowance is based on historical trends.

 

The allowance for doubtful accounts represents estimated uncollectible receivables associated with potential customer defaults on contractual obligations, usually due to a customer's potential insolvency. The allowance includes amounts for certain customers where a risk of default has been specifically identified. In addition, the allowance includes a provision for customer defaults on a general formulaic basis when it is determined the risk of some default is probable and estimable but cannot yet be associated with a specific customer. The assessment of the likelihood of customer defaults is based on various factors, including the length of time the receivables are past due, historical experience and existing economic conditions.

 

The allowances are recorded as reductions to "Net sales" and "Accounts receivable, net."

 

Inventories

 

Inventories are priced at the lower of cost (principally first-in, first-out) or net realizable value. When necessary, the write-down of inventory to its net realizable value is recorded for obsolete or slow-moving inventory based on assumptions about future demand and marketability of products, the impact of new product introductions, and specific identification of items, such as product discontinuance or engineering/material changes. These estimates could vary significantly, either favorably or unfavorably, from actual requirements if future economic conditions, customer inventory levels or competitive conditions differ from our expectations.

 

Property, Plant and Equipment

 

Property, plant and equipment are carried at cost less accumulated depreciation, and depreciated principally on a straight-line basis, over the estimated useful lives of the assets. Gains or losses resulting from dispositions are included in operating income. Betterments and renewals, which improve and extend the life of an asset are capitalized; maintenance and repair costs are expensed. Purchased computer software is capitalized and amortized over the software’s useful life.

 

The following table shows estimated useful lives of property, plant and equipment:

Property, plant and equipment

 

Useful Life

Buildings

 

40 to 50 years

Leasehold improvements

 

Lesser of lease term or the life of the asset

Machinery, equipment and furniture

 

3 to 10 years

Computer software

 

5 to 10 years

 

We capitalize interest for major capital projects. Capitalized interest is added to the cost of the underlying assets and is depreciated over the useful lives of those assets. We did not capitalize any interest for the years ended December 31, 2025, 2024 and 2023.

 

Long-Lived Assets

 

We test long-lived assets for impairment whenever events or changes in circumstances indicate that the assets’ carrying amount may not be recoverable from its undiscounted future cash flow. When such events occur, we compare the sum of the undiscounted cash flow expected to result from the use and eventual disposition of the asset or asset group to the carrying amount of a long-lived asset or asset group. The cash flows are based on our best estimate at the time of future cash flow, derived from the most recent business projections. If this comparison indicates that there is an impairment, the amount of the impairment is typically calculated using discounted expected future cash flow. The discount rate applied to these cash flows is based on our weighted average cost of capital, computed by selecting market rates at the valuation dates for debt and equity that are reflective of the risks associated with an investment in our industry as estimated by using comparable publicly traded companies.

 

Identifiable Intangible Assets

 

Identifiable intangible assets are comprised primarily of indefinite-lived and amortizable intangible assets acquired and arising from the application of purchase accounting. Indefinite-lived intangible assets are not amortized but are evaluated at least annually to determine whether the indefinite useful life is appropriate. Our ACCO® trade name has been assigned an indefinite life as we currently anticipate that this trade name will contribute cash flows to ACCO Brands indefinitely. Amortizable intangible assets are amortized over their useful lives which range from 5 years to 30 years.

 

We test indefinite-lived intangibles for impairment annually, during the second quarter, and during any interim period when market or business events indicate there may be a potential adverse impact on a particular intangible. The test may be on a qualitative or quantitative basis as allowed by GAAP. We consider the implications of both external factors (e.g., market growth, pricing, competition, and technology) and internal factors (e.g., product costs, margins, support expenses, and capital investment) and their potential impact on cash flows in both the near and long term, as well as their impact on any identifiable intangible asset associated with the business. Based on recent business results, consideration of significant external and internal factors, and the resulting business projections, indefinite-lived intangible assets are reviewed to determine whether they are likely to remain indefinite-lived, or whether a finite life is more appropriate. In addition, based on events in the period and future expectations, management considers whether the potential for impairment exists.

 

Goodwill

 

Goodwill has been recorded on our balance sheet and represents the excess of the cost of an acquisition when compared with the fair value of the net assets acquired. The authoritative guidance on goodwill and other intangible assets requires that goodwill be tested for impairment at a reporting unit level. We have determined that our reporting units are ACCO Brands Americas and ACCO Brands International.

 

We test goodwill for impairment at least annually, during the second quarter, or any interim period when market or business events indicate there may be a potential adverse impact on goodwill. As permitted by GAAP, we may perform a qualitative assessment to determine if it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative goodwill impairment test as required by GAAP.

 

Estimating the fair value of each reporting unit requires us to make assumptions and estimates regarding our future. We utilized a combination of discounted cash flows and market approach. The financial projections used in the valuation models reflected management's assumptions regarding revenue growth rates, economic and market trends, cost structure, discount rate, and other expectations about the anticipated short-term and long-term operating results for each of our reporting units.

 

We believe the assumptions used in our goodwill impairment analysis are appropriate and result in reasonable estimates of the implied fair value of each reporting unit. However, given the economic environment and other uncertainties that can negatively impact on our business, there can be no assurance that our estimates and assumptions, made for purposes of our goodwill impairment testing, will prove to be an accurate prediction of the future. If our assumptions regarding future performance are not achieved, or if future events occur that adversely affect our enterprise value, we may be required to record additional goodwill impairment charges in future periods.

 

Employee Benefit Plans

 

We provide a range of benefits to our employees and retired employees, including pension, post-retirement, post-employment, and health care benefits. We record annual amounts relating to these plans based on calculations specified by GAAP, which include various actuarial assumptions, including discount rates, assumed rates of return, mortality rate tables, compensation increases, turnover rates, and health care cost trends. Actuarial assumptions are reviewed on an annual basis and modifications to these assumptions are made based on current rates and trends when it is deemed appropriate. As required by GAAP, the effect of our modifications and unrecognized actuarial gains and losses are generally recorded to a separate component of accumulated other comprehensive income (loss) ("AOCI") in stockholders’ equity and amortized over future periods.

 

Income Taxes

 

Deferred tax liabilities or assets are established for temporary differences between financial and tax reporting basis and are subsequently adjusted to reflect changes in tax rates expected to be in effect when the temporary differences reverse. A valuation allowance is recorded to reduce deferred tax assets to an amount that is more likely than not to be realized. Facts and circumstances may change and cause us to revise our conclusions regarding our ability to realize certain net operating losses and other deferred tax attributes.

 

The amount of income taxes that we pay is subject to ongoing audits by federal, state and foreign tax authorities. Our estimate of the potential outcome of any uncertain tax position is subject to management’s assessment of relevant risks, facts and circumstances existing at that time. We believe that we have adequately provided for reasonably foreseeable outcomes related to these matters. However, our future results may include favorable or unfavorable adjustments to our estimated tax liabilities in the period any assessments are received, revised or resolved.

 

As of December 31, 2025, the Company has recorded $3.6 million of deferred taxes on approximately $313.4 million of unremitted earnings of non-U.S. subsidiaries that may be remitted to the U.S. The Company has approximately $223.4 million of additional unremitted earnings of non-U.S. subsidiaries, which are indefinitely reinvested and for which no deferred taxes have been provided.

 

Revenue Recognition

 

Revenue is recognized when control of the promised goods or services is transferred to our customers in an amount reflective of the consideration we expect to receive in exchange for those goods or services. Taxes we collect concurrent with revenue producing activities are excluded from revenue. Incidental items incurred that are immaterial in the context of the contract are expensed.

 

At the inception of each contract, the Company assesses the products and services promised and identifies each distinct performance obligation. To identify the performance obligations, the Company considers all products and services promised regardless of whether they are explicitly stated or implied within the contract or by standard business practices.

 

Products: For our products, we transfer control and recognize a sale primarily when we either ship the product from our manufacturing facility or distribution center, or upon delivery to a customer-specified location depending upon the terms in the customer agreement. In addition, we recognize revenue for private label products as the product is manufactured (or over time) when a contract has an enforceable right to payment. For consignment arrangements, revenue is not recognized until the products are sold to the end customer.

 

Customer Program Costs: Customer programs and incentives ("Customer Program Costs") are a common practice in our industry. We incur Customer Program Costs to obtain favorable product placement, to promote sell-through of products and to maintain competitive pricing. The amount of consideration we receive and revenue we recognize is impacted by Customer Program Costs, including sales rebates; in-store promotional allowances; shared media and customer catalog allowances; other cooperative advertising arrangements; freight allowance programs offered to our customers; and allowances for discounts. We recognize Customer Program Costs, primarily as a deduction to gross sales, at the time that the associated revenue is recognized. Customer Program Costs are based on management's best estimates using the most likely amount method and is an amount that is probable of not being reversed. In the absence of a signed contract, estimates are based on historical or projected experience for each program type or customer. We adjust our estimate of revenue when the most likely amount of consideration we expect to receive changes.

 

Service or Extended Maintenance Agreements ("EMAs"): Depending on the terms of the EMA, we may defer recognition of the consideration received for any unsatisfied obligations. We use an observable price to determine the stand-alone selling price for separate performance obligations or an estimated cost plus margin approach, for our separately priced service/maintenance agreements that extend mechanical and maintenance coverage beyond our base warranty coverage to our Print Finishing Solutions customers. These agreements range in duration from three to sixty months, however, most agreements are one year or less. We generally receive payment at inception of the EMAs and recognize revenue over the term of the agreement on a straight-line basis.

 

Shipping and Handling: Freight and distribution activities performed before the customer obtains control of the goods are not considered promised services under customer contracts and therefore are not distinct performance obligations. The Company has chosen to account for shipping and handling activities as a fulfillment activity, and therefore accrues the expense of freight and distribution in "Cost of products sold" when products are shipped.

 

We reflect all amounts billed to customers for shipping and handling in net sales and the costs we incurred for shipping and handling (including costs to ship and move product from the seller’s place of business to the buyer’s place of business, as well as costs to store, move and prepare products for shipment) in cost of products sold.

 

Reserve for Sales Returns: The reserve for sales returns represents estimated uncollectible receivables associated with the potential return of products previously sold to customers and is recorded at the same time that the sales are recognized. The reserve includes a general provision for product returns based on historical trends. In addition, the reserve includes amounts for currently authorized customer returns that are considered to be abnormal in comparison to the historical trends. We record the returns reserve, on a gross basis, as a reduction to "Net sales" and "Cost of products sold" with increases to "Other current liabilities" and "Inventories."

 

Cost of Products Sold

 

Cost of products sold includes all manufacturing, product sourcing and distribution costs, including depreciation related to assets used in the manufacturing, procurement and distribution process, allocation of certain information technology costs supporting those processes, inbound and outbound freight, shipping and handling costs, purchasing costs associated with materials and packaging used in the production processes, and inventory valuation adjustments.

 

Selling, General and Administrative Expenses

 

Selling, general and administrative expenses ("SG&A") include advertising, marketing, and selling (including commissions) expenses, research and development, customer service, depreciation related to assets outside the manufacturing and distribution processes, and all other general and administrative expenses outside the manufacturing and distribution functions (e.g., finance, human resources, information technology, legal, and other corporate expenses).

 

Advertising Expenses

 

Advertising expenses were $92.5 million, $99.3 million, and $102.7 million for the years ended December 31, 2025, 2024 and 2023, respectively. These costs primarily include, but are not limited to, cooperative advertising and promotional allowances as described in "Customer Program Costs" above and are principally expensed as incurred.

 

Warranty Reserves

 

We offer our customers various warranty terms based on the type of product that is sold. Estimated future obligations related to products sold under these warranty terms are provided by charges to cost of products sold in the same period in which the related revenue is recognized.

 

Research and Development Expenses

 

Research and development expenses were $22.0 million, $23.0 million, and $25.8 million for the years ended December 31, 2025, 2024 and 2023, respectively, are classified as SG&A expenses and are charged to expense as incurred.

 

Stock-Based Compensation

 

Our primary types of stock-based compensation provided for under our current incentive plan consist of stock options, restricted stock unit awards, and performance stock unit awards. Stock-based compensation cost is measured at the grant date, based on the fair value of the award, and is recognized as expense over the requisite service period. Where awards are made with non-substantive vesting periods (for example, where a portion of the award vests due to retirement eligibility), we estimate and recognize expense based on the period from the grant date to the date on which the employee is retirement eligible. The Company accounts for forfeitures as they occur.

 

Foreign Currency Translation

 

Foreign currency balance sheet accounts are translated into U.S. dollars at the rates of exchange at the balance sheet date. Income and expenses are translated at the average rates of exchange in effect during the period. The related translation adjustments

are made directly to a separate component of AOCI in stockholders’ equity. Some transactions are made in currencies different from an entity’s functional currency; gains and losses on these foreign currency transactions are included in the income statement.

 

Derivative Financial Instruments

 

We recognize all derivatives as either assets or liabilities on the balance sheet and record those instruments at fair value. If the derivative is designated as a fair value hedge and is effective, the changes in the fair value of the derivative and of the hedged item attributable to the hedged risk are recognized in earnings in the same period. If the derivative is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative are recorded in AOCI and are recognized in the Consolidated Statements of Income when the hedged item affects earnings. Ineffective portions of changes in the fair value of cash flow hedges are recognized in earnings.

 

Certain forecasted transactions, and assets and liabilities are exposed to foreign currency risk. We continually monitor our foreign currency exposures in order to maximize the overall effectiveness of our foreign currency hedge positions. Principal currencies hedged against the U.S. dollar include the Euro, Australian dollar, Canadian dollar, Swedish krona, British pound, and Japanese yen.

 

Recent Accounting Pronouncements

 

In November 2024, the Financial Accounting Standards Board ("FASB") issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures, (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires a public entity to disaggregate certain expense captions into specified categories in disclosures within the footnotes to the financial statements. This ASU is effective for annual periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. We are evaluating the effect this guidance will have on the notes to our consolidated financial statements.

 

There were no other recently issued accounting standards that are expected to have an impact on the Company’s financial condition, results of operations or cash flow.

 

Recently Adopted Accounting Standards

 

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the income tax disclosures to provide information to better assess how an entity’s operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. This ASU is effective for annual periods beginning after December 15, 2024. Effective in the fourth quarter of 2025, the Company adopted this standard. See "Note 12. Income Taxes" for further details.

 

There were no other accounting standards that were adopted in 2025, 2024 and 2023 that had a material effect on the Company’s financial condition, results of operations or cash flow.
v3.25.4
Acquisitions
 12 Months Ended
Dec. 31, 2025
Business Combination [Abstract]  
Acquisitions

3. Acquisitions

 

Buro Acquisition

 

On February 28, 2025, we completed the acquisition (the "Buro Acquisition") of the business of Buro Seating Limited Partnership ("Buro"). Buro is a wholesaler of ergonomic seating in Australia and New Zealand and is included in the

Company’s International operating segment. The Buro Acquisition extends our presence in Australia and New Zealand into a new product category. The purchase price paid at closing was AU$16.3 million (US$10.1 million, based on February 28, 2025 exchange rates). A portion of the purchase price (AU$2.2 million or US$1.3 million based on February 28, 2025 exchange rates) is being held in an escrow account for a period of up to 2 years after closing in the event of any claims against the seller under the purchase agreement. The fair value of assets acquired and liabilities assumed are subject to finalization and are expected to be completed within one year from acquisition date. The Buro Acquisition was accounted for as a business combination and Buro's results are included in the Company's condensed consolidated financial statements as of February 28, 2025.

 

Pro forma financial information is not presented due to immateriality.

 

EPOS Acquisition

 

On December 20, 2025, we entered into a definitive agreement to acquire EPOS from Demant A/S, a leading Danish hearing healthcare company. Based in Copenhagen, Denmark, EPOS provides a comprehensive range of premium enterprise wired and wireless headsets, and other audio solutions, that build on over a century of research in psychoacoustics. The EPOS product line is designed to reduce listening fatigue, improve voice clarity and support cognitive performance. The purchase price was €6.5 million (US$7.7 million, based on January 30, 2026 exchange rates) plus up to an additional €3.0 million (US$3.5 million based on January 30, 2026 exchange rates) in contingent purchase price consideration. The deal closed on January 30, 2026.
v3.25.4
Long-term Debt and Short-term Borrowings
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Long-term Debt and Short-term Borrowings

4. Long-term Debt and Short-term Borrowings

 

Notes payable and long-term debt, listed in order of the priority of security interests in assets of the Company, consisted of the following as of December 31, 2025 and 2024:

 

(in millions)

 

December 31, 2025

 

 

December 31, 2024

 

Euro Senior Secured Term Loan A, due October 2029 (floating interest rate of 4.27% at December 31, 2025 and 4.68% at December 31, 2024)

 

$

101.3

 

 

$

127.9

 

Euro Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 4.27% at December 31, 2025 and 4.68% at December 31, 2024)

 

 

106.9

 

 

 

59.1

 

U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.06% at December 31, 2025 and 6.47% at December 31, 2024)

 

 

33.6

 

 

 

34.4

 

Australian Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.03% at December 31, 2025 and 6.44% at December 31, 2024)

 

 

24.1

 

 

 

32.8

 

Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%)

 

 

575.0

 

 

 

575.0

 

Other borrowings

 

 

—

 

 

 

10.5

 

Total debt

 

 

840.9

 

 

 

839.7

 

Less:

 

 

 

 

 

 

Current portion

 

 

30.8

 

 

 

51.3

 

Debt issuance costs, unamortized

 

 

4.1

 

 

 

5.1

 

Long-term debt, net

 

$

806.0

 

 

$

783.3

 

 

The Company is party to a Third Amended and Restated Credit Agreement, dated as of January 27, 2017, as amended, among the Company, certain subsidiaries of the Company, Bank of America, N.A., as administrative agent, and the other agents and various lenders party thereto (as amended, the "Credit Agreement"). The Credit Agreement provides for a senior secured credit facility, which consists of a €184.8 million (US$200.0 million based on October 30, 2024 exchange rates) term loan facility, and a US$467.5 million multi-currency revolving credit facility (the "Revolving Facility").

 

Amendment to Credit Agreement

 

Effective July 29, 2025, we entered into an amendment to the Credit Agreement, which, among other things, increased our maximum Consolidated Leverage Ratio financial covenant to 4.50x for the third and fourth quarters of 2025, to 4.75x for the first and second quarters of 2026 and to 4.25x for the third and fourth quarters of 2026. Thereafter, the maximum Consolidated Leverage Ratio will return to 4.50x for all first and second fiscal quarters and 4.00x for all third and fourth quarters. In addition, it modified certain covenant baskets related to liens, indebtedness, and restricted payments through December 31, 2026. The amendment also required that $35.0 million in outstanding principal amount under the term loan facility be repaid on or before September 30, 2025, for which the payment was made as required. Further, the amendment restricts the aggregate amount of dividend payments or share repurchases we can make in 2026 to the greater of $40.0 million or 1 percent of our Consolidated Total Assets.

 

Prior to July 29, 2025, the maximum Consolidated Leverage Ratio under the Credit Agreement for all first and second fiscal quarters was 4.50x and 4.00x for all third and fourth fiscal quarters.

The current pricing for borrowings under the Credit Agreement is as follows:

 

Consolidated Leverage Ratio

 

Applicable Rate on Euro/AUD/CDN Loans

 

Applicable Rate on Base Rate Loans

 

Undrawn Fee

> 4.25

 

2.25 %

 

1.25 %

 

0.375 %

> 3.5

 

2.00 %

 

1.00 %

 

0.350 %

> 2.5

 

1.75 %

 

0.75 %

 

0.300 %

≤ 2.5

 

1.50 %

 

0.50 %

 

0.250 %

 

As of December 31, 2025, the applicable rate on Euro, Australian and Canadian dollar loans was 2.25 percent and the applicable rate on Base Rate loans was 1.25 percent. Undrawn amounts under the Revolving Facility are subject to a commitment fee rate of 0.25 percent to 0.375 percent per annum, depending on the Company's Consolidated Leverage Ratio. As of December 31, 2025, the commitment fee rate was 0.375 percent. Pursuant to the July 29, 2025 amendment to the Credit Agreement, pricing is fixed at Tier 1 (>4.25x) until December 31, 2026.

 

As of December 31, 2025, there was $164.6 million in borrowings outstanding under the Revolving Facility ($23.6 million reported in "Current portion of long-term debt" and $141.0 million reported in "Long-term debt, net"), and the amount available for borrowings was $292.3 million (allowing for $10.6 million of letters of credit outstanding on that date).

 

Amortization

 

The outstanding principal amounts under the Euro Term Loan Facility are payable in quarterly installments in an amount representing, on an annual basis, 1.25 percent of the initial aggregate principal amount of such loan facility and increasing to 1.875 percent in March 2027 and further increasing to 2.50 percent in March 2029.

 

Dividends and Share Repurchases

 

Under the Credit Agreement, the Company may pay dividends and/or repurchase shares in an aggregate amount not to exceed the sum of: (i) the greater of $40.0 million and 1 percent of the Company’s Consolidated Total Assets (as defined in the Credit Agreement) during any fiscal year; plus (ii) an additional amount not to exceed $75.0 million during any fiscal year (provided the Company’s Consolidated Leverage Ratio after giving pro forma effect to the restricted payment is 0.25x inside the applicable Consolidated Leverage Ratio financial covenant); plus (iii) an additional amount so long as the Consolidated Leverage Ratio after giving pro forma effect to the restricted payment would be less than or equal to 3.25x; plus (iv) any Net Equity Proceeds (as defined in the Credit Agreement).

 

Financial Covenants

 

The Company is required to comply with the maximum Consolidated Leverage Ratio covenant described above and a minimum Interest Coverage Ratio covenant. As of December 31, 2025, our Consolidated Leverage Ratio was approximately 4.13 to 1.00 versus our maximum covenant of 4.50 to 1.00. Our Interest Coverage Ratio was approximately 5.51 to 1.00 versus the minimum financial covenant of 3.00 to 1.00.

 

Other Covenants and Restrictions

 

The Credit Agreement contains customary affirmative and negative covenants as well as events of default, including payment defaults, breach of representations and warranties, covenant defaults, cross-defaults, certain bankruptcy or insolvency events, certain ERISA-related events, changes in control or ownership, and invalidity of any loan document. The Credit Agreement also establishes limitations on the aggregate amount of Permitted Acquisitions and Investments (each as defined in the Credit Agreement) that the Company and its subsidiaries may make during the term of the Credit Agreement.

 

Incremental Facilities

 

The Credit Agreement permits the Company to seek increases in the size of the Revolving Facility and the Term Loan Facility prior to maturity by up to $500.0 million in the aggregate, subject to lender commitment and the conditions set forth in the Credit Agreement.

 

Senior Unsecured Notes due March 2029 (the "Senior Unsecured Notes")

 

On March 15, 2021, the Company completed a private offering of $575.0 million in aggregate principal amount of 4.25 percent Senior Unsecured Notes, which were issued under an indenture, dated as of March 15, 2021, among the Company, as issuer, the guarantors named therein and Wells Fargo Bank, National Association, as trustee. Interest on the New Notes is payable semiannually on March 15 and September 15 of each year. The Senior Unsecured Notes indenture contains covenants that could limit the ability of the Company and its restricted subsidiaries to, among other things: (i) incur additional indebtedness or issue disqualified stock or, in the case of the Company’s restricted subsidiaries, preferred stock; (ii) create liens; (iii) pay dividends, make certain investments or make other restricted payments; (iv) sell certain assets or merge with or into other companies; (v) enter into transactions with affiliates; and (vi) allow limitations on any restricted subsidiary to pay dividends, loans, or assets to the Company or other restricted subsidiaries. These covenants are subject to a number of important limitations and exceptions. The Senior Unsecured Notes indenture also provides for events of default, which, if any of them occurs, would permit or require the principal, premium, if any, and accrued but unpaid interest on all the then outstanding Senior Unsecured Notes to be immediately due and payable.

 

Compliance with Loan Covenants

 

As of and for the period ended December 31, 2025, the Company was in compliance with all applicable loan covenants under its senior secured credit facilities and the Senior Unsecured Notes.

 

Guarantees and Security

 

Generally, obligations under the Credit Agreement are guaranteed by certain of the Company's existing and future subsidiaries and are secured by substantially all of the Company's and certain guarantor subsidiaries' assets, subject to certain exclusions and limitations.

 

The Senior Unsecured Notes are irrevocably and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by each of our existing and future domestic subsidiaries other than certain excluded subsidiaries. The Senior Unsecured Notes and the related guarantees rank equally in right of payment with all of the existing and future senior debt of the Company and the guarantors, senior in right of payment to all of the existing and future subordinated debt of the Company and the guarantors, and are effectively subordinated to all of the existing and future secured indebtedness of the Company and the guarantors to the extent of the value of the assets securing such indebtedness. The Senior Unsecured Notes and the guarantees are and will be structurally subordinated to all existing and future liabilities, including trade payables, of each of the Company's subsidiaries that do not guarantee the Senior Unsecured Notes.

 

The following table summarizes information about our major debt components as of December 31, 2025, including the principal cash payments and interest rates:

 

 

 

Stated Maturity Date

 

 

 

 

 

 

 

(in millions)

 

 

2026

 

 

 

2027

 

 

 

2028

 

 

 

2029

 

 

 

2030

 

 

Thereafter

 

 

Total

 

 

Fair Value

 

Long term debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed rate Senior Unsecured Notes, due March 2029

 

$

—

 

 

$

—

 

 

$

—

 

 

$

575.0

 

 

$

—

 

 

$

—

 

 

$

575.0

 

 

$

533.3

 

Fixed interest rate

 

 

 

 

 

 

 

 

 

 

 

4.25

 %

 

 

 

 

 

 

 

 

 

 

 

 

Euro Senior Secured Term Loan A, due October 2029

 

$

7.2

 

 

$

10.8

 

 

$

10.8

 

 

$

72.5

 

 

$

—

 

 

$

—

 

 

$

101.3

 

 

$

101.3

 

Euro Dollar Senior Secured Revolving Credit Facility, due October 2029

 

$

—

 

 

$

—

 

 

$

—

 

 

$

106.9

 

 

$

—

 

 

$

—

 

 

$

106.9

 

 

$

106.9

 

U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029

 

$

23.6

 

 

$

—

 

 

$

—

 

 

$

10.0

 

 

$

—

 

 

$

—

 

 

$

33.6

 

 

$

33.6

 

Australian Dollar Senior Secured Revolving Credit Facility, due October 2029

 

$

—

 

 

$

—

 

 

$

—

 

 

$

24.1

 

 

$

—

 

 

$

—

 

 

$

24.1

 

 

$

24.1

 

Average variable interest rate(1)

 

 

4.53

 %

 

 

4.54

 %

 

 

4.55

 %

 

 

4.55

 %

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)
Rates presented are as of December 31, 2025.
v3.25.4
Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases

5. Leases

 

The Company leases its corporate headquarters, various other facilities for distribution, manufacturing and offices, as well as vehicles, forklifts and other equipment. The Company determines if an arrangement is a lease at inception. Leases are included in "Right of use asset, leases" ("ROU Assets"), and the current portion of the lease liability is included in "Lease liabilities" and the non-current portion is included in "Long-term lease liabilities" in the Consolidated Balance Sheets. The Company currently has an immaterial amount of financing leases and leases with terms of more than one month and less than 12 months.

 

ROU Assets and Lease liabilities are recognized based on the present value of lease payments over the lease term. In determining the present value of leases, the Company uses its incremental collateralized borrowing rate, on a regional basis, due to the implicit rate of return is generally not readily determinable for our leases. The incremental borrowing rate is dependent upon the duration of the lease and has been segmented into three groups of time. All leases within the same region and the same group of time share the same incremental borrowing rate. The Company has lease agreements with lease and non-lease components, which are combined for accounting purposes for all classes of underlying assets except information technology equipment.

 

The components of lease expense for the years ended December 31, 2025, 2024 and 2023, were as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Operating lease cost

 

$

29.0

 

 

$

29.0

 

 

$

28.6

 

Sublease income

 

 

(3.2

)

 

 

(3.1

)

 

 

(2.5

)

 Total lease cost

 

$

25.8

 

 

$

25.9

 

 

$

26.1

 

 

Other information related to leases for the years ended December 31, 2025 and 2024 was as follows:

 

 

 

Twelve Months Ended December 31,

 

(in millions, except lease term and discount rate)

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

29.9

 

 

$

27.9

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

Operating leases

 

$

15.1

 

 

$

19.5

 

 

 

 

 

 

 

Weighted average remaining lease term:

 

 

 

 

 

 

Operating leases

 

5.3 years

 

 

 

 

 

 

 

 

 

 

 

Weighted average discount rate:

 

 

 

 

 

 

Operating leases

 

 

5.3

 %

 

 

 

 

 

Future minimum lease payments, net of sub-lease income, for all non-cancelable leases as of December 31, 2025 were as follows:

 

(in millions)

 

Operating
Leases

 

2026

 

$

24.7

 

2027

 

 

20.1

 

2028

 

 

17.2

 

2029

 

 

13.5

 

2030

 

 

11.5

 

Thereafter

 

 

9.7

 

Total minimum lease payments

 

 

96.7

 

Less imputed interest

 

 

12.7

 

Future minimum payments for leases, net of sublease rental income and imputed interest

 

$

84.0

 
v3.25.4
Pension and Other Retiree Benefits
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Pension and Other Retiree Benefits

6. Pension and Other Retiree Benefits

 

We have a number of pension plans, principally in Germany, the U.K. and the U.S. The plans provide for payment of retirement benefits, primarily commencing between the ages of 60 and 65, and also for payment of certain disability and severance benefits. After meeting certain qualifications, an employee acquires a vested right to future benefits. The benefits payable under the plans are generally determined based on an employee’s length of service and earnings. The majority of these plans have been

frozen and are no longer accruing additional service benefits. Cash contributions to the plans are made as necessary to ensure legal funding requirements are satisfied. The ACCO Brands Corporation Pension Plan was fully and permanently frozen as of December 31, 2021. In 2019, the Esselte U.K. plan was frozen and merged with the legacy ACCO U.K. plan, which was frozen on September 30, 2012.

 

As of December 31, 2016, our Canadian Salaried and Hourly pension plans were frozen. Effective July 1, 2022, the Company announced its plan to terminate those Canadian pension plans. During 2024, we finalized the settlement of the entire benefit obligation for the Canadian Salaried and Hourly pension plans resulting in a final settlement cost of $4.5 million.

 

Our German Esselte Leitz Pension Plan had an unfunded liability of $103.6 million and $98.0 million for the years ended December 31, 2025, and 2024, respectively. As is customary, there are no plans to, and there is no requirement to, fund the German Pension Plan other than to meet the current liabilities.

 

We also provide post-retirement health care and life insurance benefits to certain employees and retirees in the U.S., U.K. and Canada. All but one of these benefit plans is no longer open to new participants. Many employees and retirees outside of the U.S. are covered by government health care programs.

 

In June 2023, the High Court handed down a decision in the case of Virgin Media Limited v NTL Pension Trustees II Limited and others relating to the validity of certain historical pension changes due to the lack of actuarial confirmation required by law. In July 2024, the Court of Appeal dismissed the appeal brought by Virgin Media Ltd against aspects of the June 2023 decision. The conclusions reached by the court in this case may have implications for other UK defined benefit plans. More recently, in June 2025, the UK Government announced its intention to introduce legislation to give affected pension schemes the ability to retrospectively obtain written actuarial confirmation that historic benefit changes met the necessary standards. Draft legislation has been put forward in Government amendments to the Pension Schemes Bill, but it is still subject to change, and the Bill will not be enacted until the earliest Spring 2026.

 

The following table sets forth our defined benefit pension and post-retirement plans funded status and the amounts recognized in our Consolidated Balance Sheets:

 

 

 

Pension

 

 

Post-retirement

 

 

 

U.S.

 

 

International

 

 

 

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2025

 

 

 

2024

 

 

 

2025

 

 

 

2024

 

Change in projected benefit obligation (PBO)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

 

$

150.5

 

 

$

162.6

 

 

$

396.5

 

 

$

467.4

 

 

$

3.6

 

 

$

3.3

 

Service cost

 

 

—

 

 

 

—

 

 

 

0.7

 

 

 

0.6

 

 

 

—

 

 

 

—

 

Interest cost

 

 

7.7

 

 

 

7.7

 

 

 

18.7

 

 

 

18.5

 

 

 

0.2

 

 

 

0.2

 

Actuarial loss (gain)

 

 

5.0

 

 

 

(9.1

)

 

 

(3.7

)

 

 

(34.4

)

 

 

0.1

 

 

 

0.5

 

Participants’ contributions

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

0.1

 

 

 

—

 

 

 

—

 

Benefits paid

 

 

(11.9

)

 

 

(10.7

)

 

 

(29.1

)

 

 

(27.7

)

 

 

(0.3

)

 

 

(0.3

)

Settlement

 

 

—

 

 

 

—

 

 

 

(0.2

)

 

 

(15.1

)

 

 

—

 

 

 

—

 

Foreign exchange rate changes

 

 

—

 

 

 

—

 

 

 

36.6

 

 

 

(12.9

)

 

 

0.1

 

 

 

(0.1

)

Projected benefit obligation at end of year

 

 

151.3

 

 

 

150.5

 

 

 

419.6

 

 

 

396.5

 

 

 

3.7

 

 

 

3.6

 

Change in plan assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of plan assets at beginning of year

 

 

145.4

 

 

 

145.5

 

 

 

282.9

 

 

 

324.9

 

 

 

—

 

 

 

—

 

Actual return on plan assets

 

 

16.3

 

 

 

7.6

 

 

 

13.0

 

 

 

(8.4

)

 

 

—

 

 

 

—

 

Employer contributions

 

 

1.9

 

 

 

3.0

 

 

 

15.1

 

 

 

14.5

 

 

 

0.3

 

 

 

0.3

 

Participants’ contributions

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

0.1

 

 

 

—

 

 

 

—

 

Benefits paid

 

 

(11.9

)

 

 

(10.7

)

 

 

(29.1

)

 

 

(27.7

)

 

 

(0.3

)

 

 

(0.3

)

Settlement

 

 

—

 

 

 

—

 

 

 

(0.2

)

 

 

(15.1

)

 

 

—

 

 

 

—

 

Foreign exchange rate changes

 

 

—

 

 

 

—

 

 

 

21.7

 

 

 

(5.4

)

 

 

—

 

 

 

—

 

Fair value of plan assets at end of year

 

 

151.7

 

 

 

145.4

 

 

 

303.5

 

 

 

282.9

 

 

 

—

 

 

 

—

 

Funded status (Fair value of plan assets less PBO)

 

$

0.4

 

 

$

(5.1

)

 

$

(116.1

)

 

$

(113.6

)

 

$

(3.7

)

 

$

(3.6

)

Amounts recognized in the Consolidated Balance Sheets consist of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other non-current assets

 

$

0.4

 

 

$

—

 

 

$

6.7

 

 

$

2.5

 

 

$

—

 

 

$

—

 

Other current liabilities

 

 

—

 

 

 

—

 

 

 

8.6

 

 

 

7.2

 

 

 

0.4

 

 

 

0.4

 

Pension and post-retirement benefit obligations

 

 

—

 

 

 

5.1

 

 

 

114.2

 

 

 

108.9

 

 

 

3.3

 

 

 

3.2

 

Components of accumulated other comprehensive income (loss), net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized actuarial loss (gain)

 

 

83.5

 

 

 

84.4

 

 

 

127.2

 

 

 

121.9

 

 

 

(2.1

)

 

 

(2.6

)

Unrecognized prior service cost

 

 

—

 

 

 

—

 

 

 

4.9

 

 

 

4.9

 

 

 

—

 

 

 

—

 

 

Pension and post-retirement benefit obligations of $117.5 million as of December 31, 2025, increased from $117.2 million as of December 31, 2024.

 

The accumulated benefit obligation ("ABO") for all pension plans was $567.0 million and $542.9 million at December 31, 2025 and 2024, respectively.

 

The following table sets out information for pension plans with an accumulated benefit obligation in excess of plan assets:

 

 

 

U.S.

 

 

International

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2025

 

 

 

2024

 

Accumulated benefit obligation(1)

 

$

—

 

 

$

150.5

 

 

$

125.9

 

 

$

116.8

 

Fair value of plan assets

 

 

—

 

 

 

145.4

 

 

 

3.2

 

 

 

4.0

 

 

(1)
The decrease in 2025 under the U.S. as compared to 2024 is the result of the ACCO U.S. plan ABO no longer being in excess of plan assets as of December 31, 2025, unlike the prior year.

 

The following table sets out information for pension plans with a projected benefit obligation in excess of plan assets:

 

 

 

U.S.

 

 

International

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2025

 

 

 

2024

 

Projected benefit obligation

 

$

—

 

 

$

150.5

 

 

$

124.0

 

 

$

385.1

 

Fair value of plan assets

 

 

—

 

 

 

145.4

 

 

 

3.2

 

 

 

268.9

 

 

The components of net periodic benefit (income) cost for pension and post-retirement plans for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Year Ended December 31,

 

 

 

 

 

 

Pension

 

 

Post-retirement

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

 

 

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

 

2025

 

 

2024

 

 

2023

 

 

2025

 

 

2024

 

 

2023

 

Service cost

 

$

—

 

 

$

—

 

 

$

—

 

 

$

0.7

 

 

$

0.6

 

 

$

0.5

 

 

$

—

 

 

$

—

 

 

$

—

 

Interest cost

 

 

7.7

 

 

 

7.7

 

 

 

7.9

 

 

 

18.7

 

 

 

18.5

 

 

 

20.0

 

 

 

0.2

 

 

 

0.2

 

 

 

0.2

 

Expected return on plan assets

 

 

(12.7

)

 

 

(12.9

)

 

 

(12.0

)

 

 

(18.2

)

 

 

(19.6

)

 

 

(21.5

)

 

 

—

 

 

 

—

 

 

 

—

 

Amortization of net loss (gain)

 

 

2.4

 

 

 

2.5

 

 

 

2.2

 

 

 

4.5

 

 

 

5.4

 

 

 

4.2

 

 

 

(0.4

)

 

 

(0.6

)

 

 

(0.5

)

Amortization of prior service cost

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.3

 

 

 

0.3

 

 

 

0.3

 

 

 

—

 

 

 

—

 

 

 

—

 

Settlement (2)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

4.6

 

 

 

1.2

 

 

 

—

 

 

 

—

 

 

 

—

 

Net periodic benefit (income) cost (3)

 

$

(2.6

)

 

$

(2.7

)

 

$

(1.9

)

 

$

6.1

 

 

$

9.8

 

 

$

4.7

 

 

$

(0.2

)

 

$

(0.4

)

 

$

(0.3

)

 

(2)
Settlement amounts of $4.6 million in 2024 and $1.2 million in 2023 are primarily related to the wind-up of our Canadian Salaried and Hourly pension plans.
(3)
The components of net periodic benefit (income) cost, other than service cost, are included in the line "Non-operating pension expense (income)" in the Consolidated Statements of Income (Loss).

 

Other changes in plan assets and benefit obligations that were recognized in accumulated other comprehensive income (loss) during the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Pension

 

 

Post-retirement

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2023

 

 

 

2025

 

 

 

2024

 

 

 

2023

 

 

 

2025

 

 

 

2024

 

 

 

2023

 

Current year actuarial (gain) loss

 

$

1.5

 

 

$

(3.8

)

 

$

1.6

 

 

$

1.5

 

 

$

(6.5

)

 

$

17.2

 

 

$

0.1

 

 

$

0.5

 

 

$

0.1

 

Amortization of actuarial (loss) gain

 

 

(2.4

)

 

 

(2.5

)

 

 

(2.2

)

 

 

(4.5

)

 

 

(9.9

)

 

 

(5.2

)

 

 

0.4

 

 

 

0.5

 

 

 

0.5

 

Amortization of prior service cost

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(0.3

)

 

 

(0.3

)

 

 

(0.3

)

 

 

—

 

 

 

—

 

 

 

—

 

Foreign exchange rate changes

 

 

—

 

 

 

—

 

 

 

—

 

 

 

8.6

 

 

 

(1.7

)

 

 

7.5

 

 

 

—

 

 

 

0.1

 

 

 

(0.1

)

Total recognized in other comprehensive (loss) income

 

 

(0.9

)

 

 

(6.3

)

 

 

(0.6

)

 

 

5.3

 

 

 

(18.4

)

 

 

19.2

 

 

 

0.5

 

 

 

1.1

 

 

 

0.5

 

Total recognized in net periodic benefit (income) cost and other comprehensive (loss) income

 

$

(3.5

)

 

$

(9.0

)

 

$

(2.5

)

 

$

11.4

 

 

$

(8.6

)

 

$

23.9

 

 

$

0.3

 

 

$

0.7

 

 

$

0.2

 

 

Assumptions

 

The weighted average assumptions used to determine benefit obligations for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Pension

 

Post-retirement

 

 

U.S.

 

International

 

 

 

 

2025

 

2024

 

2023

 

2025

 

2024

 

2023

 

2025

 

2024

 

2023

Discount rate

 

5.4 %

 

5.7 %

 

5.0 %

 

5.0 %

 

4.8 %

 

4.2 %

 

5.4 %

 

5.2 %

 

4.8 %

Rate of compensation increase

 

N/A

 

N/A

 

N/A

 

2.8 %

 

3.0 %

 

2.9 %

 

N/A

 

N/A

 

N/A

 

The weighted average assumptions used to determine net periodic benefit (income) cost for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Pension

 

Post-retirement

 

 

U.S.

 

International

 

 

 

 

2025

 

2024

 

2023

 

2025

 

2024

 

2023

 

2025

 

2024

 

2023

Discount rate - benefit obligation

 

5.7 %

 

5.0 %

 

5.1 %

 

4.8 %

 

4.2 %

 

4.5 %

 

5.2 %

 

4.8 %

 

5.0 %

Discount rate - service cost

 

N/A

 

N/A

 

N/A

 

4.1 %

 

4.2 %

 

4.1 %

 

5.4 %

 

5.0 %

 

5.1 %

Discount rate - interest cost

 

5.4 %

 

4.9 %

 

5.1 %

 

4.7 %

 

4.2 %

 

4.6 %

 

5.1 %

 

4.8 %

 

5.0 %

Expected long-term rate of return

 

8.0 %

 

8.0 %

 

7.5 %

 

6.3 %

 

6.2 %

 

6.9 %

 

N/A

 

N/A

 

N/A

Rate of compensation increase

 

N/A

 

N/A

 

N/A

 

3.0 %

 

2.9 %

 

3.0 %

 

N/A

 

N/A

 

N/A

 

The weighted average health care cost trend rates used to determine post-retirement benefit obligations and net periodic benefit (income) cost as of December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Post-retirement

 

 

2025

 

2024

 

2023

Health care cost trend rate assumed for next year

 

9 %

 

10 %

 

9 %

Rate that the cost trend rate is assumed to decline (the ultimate trend rate)

 

8 %

 

8 %

 

7 %

Year that the rate reaches the ultimate trend rate

 

2031

 

2031

 

2031

 

Plan Assets

 

The investment strategy for the Company is to optimize investment returns through a diversified portfolio of investments, taking into consideration underlying plan liabilities and asset volatility. Each plan has a different target asset allocation, which is reviewed periodically and is based on the underlying liability structure. The target asset allocation for our U.S. plan is 38 percent in equity securities, 54 percent in fixed income securities, and 8 percent in alternative assets. The target asset allocation for non-U.S. plans is set by the local plan trustees.

 

Our pension plan weighted average asset allocations as of December 31, 2025 and 2024 were as follows:

 

 

2025

2024

 

U.S.

International

U.S.

International

Asset category

 

 

 

 

Equity securities

34 %

4 %

34 %

6 %

Fixed income

60 %

68 %

59 %

59 %

Real estate

2 %

— %

4 %

2 %

Other(4)

4 %

28 %

3 %

33 %

Total

100 %

100 %

100 %

100 %

 

(4)
Multi-strategy hedge funds, commodity linked funds, private equity funds, and cash and cash equivalents for certain of our plans.

 

U.S. Pension Plan Assets

 

The fair value measurements of our U.S. pension plan assets by asset category as of December 31, 2025 were as follows:

 

 

 

Quoted Prices in Active Markets for Identical Assets

 

 

Significant Other Observable Inputs

 

 

Significant Unobservable Inputs

 

 

Fair Value as of

 

(in millions)

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

December 31, 2025

 

Mutual funds

 

$

115.4

 

 

$

—

 

 

$

—

 

 

$

115.4

 

Exchange traded funds

 

 

17.6

 

 

 

—

 

 

 

—

 

 

 

17.6

 

Common collective trust funds

 

 

—

 

 

 

1.2

 

 

 

—

 

 

 

1.2

 

Investments measured at net asset value(5)

 

 

 

 

 

 

 

 

 

 

 

 

Common collective trust funds

 

 

—

 

 

 

—

 

 

 

—

 

 

 

17.5

 

Total

 

$

133.0

 

 

$

1.2

 

 

$

—

 

 

$

151.7

 

 

(5)
Certain investments that are measured at fair value using the net asset value per share practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the table that presents our defined benefit pension and post-retirement plans funded status.

 

The fair value measurements of our U.S. pension plan assets by asset category as of December 31, 2024 were as follows:

 

 

 

Quoted Prices in Active Markets for Identical Assets

 

 

Significant Other Observable Inputs

 

 

Significant Unobservable Inputs

 

 

Fair Value as of

 

(in millions)

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

December 31, 2024

 

Mutual funds

 

$

110.9

 

 

$

—

 

 

$

—

 

 

$

110.9

 

Exchange traded funds

 

 

33.1

 

 

 

—

 

 

 

—

 

 

 

33.1

 

Common collective trust funds

 

 

—

 

 

 

1.4

 

 

 

—

 

 

 

1.4

 

Total

 

$

144.0

 

 

$

1.4

 

 

$

—

 

 

$

145.4

 

 

Mutual funds and exchange traded funds: The fair values of mutual fund and common stock fund investments are determined by obtaining quoted prices on nationally recognized securities exchanges (level 1 inputs).

 

Common collective trusts: The fair values of participation units held in common collective trusts are based on their net asset values, as reported by the managers of the common collective trusts and as supported by the unit prices of actual purchase and sale transactions occurring as of or close to the financial statement date (level 2 inputs).

 

International Pension Plans Assets

 

The fair value measurements of our international pension plans assets by asset category as of December 31, 2025 were as follows:

 

 

 

Quoted Prices in Active Markets for Identical Assets

 

 

Significant Other Observable Inputs

 

 

Significant Unobservable Inputs

 

 

Fair Value as of

 

(in millions)

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

December 31, 2025

 

Cash and cash equivalents

 

$

4.2

 

 

$

—

 

 

$

—

 

 

$

4.2

 

Equity securities

 

 

13.3

 

 

 

—

 

 

 

—

 

 

 

13.3

 

Corporate debt securities

 

 

—

 

 

 

86.6

 

 

 

—

 

 

 

86.6

 

Multi-strategy hedge funds

 

 

—

 

 

 

29.3

 

 

 

—

 

 

 

29.3

 

Insurance contracts

 

 

—

 

 

 

5.1

 

 

 

—

 

 

 

5.1

 

Government debt securities

 

 

—

 

 

 

110.0

 

 

 

—

 

 

 

110.0

 

Investments measured at net asset value(5)

 

 

 

 

 

 

 

 

 

 

 

 

Multi-strategy hedge funds

 

 

 

 

 

 

 

 

 

 

 

18.3

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

1.3

 

Corporate debt securities

 

 

 

 

 

 

 

 

 

 

 

9.0

 

Private equity

 

 

 

 

 

 

 

 

 

 

 

26.4

 

Total

 

$

17.5

 

 

$

231.0

 

 

$

—

 

 

$

303.5

 

 

The fair value measurements of our international pension plans assets by asset category as of December 31, 2024 were as follows:

 

 

 

Quoted Prices in Active Markets for Identical Assets

 

 

Significant Other Observable Inputs

 

 

Significant Unobservable Inputs

 

 

Fair Value as of

 

(in millions)

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

December 31, 2024

 

Cash and cash equivalents

 

$

3.1

 

 

$

—

 

 

$

—

 

 

$

3.1

 

Equity securities

 

 

17.4

 

 

 

—

 

 

 

—

 

 

 

17.4

 

Corporate debt securities

 

 

—

 

 

 

62.0

 

 

 

—

 

 

 

62.0

 

Multi-strategy hedge funds

 

 

—

 

 

 

33.7

 

 

 

—

 

 

 

33.7

 

Insurance contracts

 

 

—

 

 

 

4.2

 

 

 

—

 

 

 

4.2

 

Real estate

 

 

—

 

 

 

0.8

 

 

 

—

 

 

 

0.8

 

Government debt securities

 

 

—

 

 

 

105.5

 

 

 

—

 

 

 

105.5

 

Investments measured at net asset value(5)

 

 

 

 

 

 

 

 

 

 

 

 

Multi-strategy hedge funds

 

 

 

 

 

 

 

 

 

 

 

29.2

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

4.3

 

Private equity

 

 

 

 

 

 

 

 

 

 

 

22.7

 

Total

 

$

20.5

 

 

$

206.2

 

 

$

—

 

 

$

282.9

 

 

Equity securities: The fair values of equity securities are determined by obtaining quoted prices on nationally recognized securities exchanges (level 1 inputs).

 

Debt securities: Fixed income securities, such as corporate and government bonds and other debt securities, consist of index-linked securities. These debt securities are valued using quotes from independent pricing vendors based on recent trading activity and other relevant information, including market interest rate curves, referenced credit spreads, and estimated prepayment rates, where applicable (level 2 inputs).

 

Insurance contracts: Valued at contributions made, plus earnings, less participant withdrawals and administrative expenses, which approximate fair value (level 2 inputs).

 

Multi-strategy hedge funds: The fair values of participation units held in multi-strategy hedge funds are based on their net asset values, as reported by the managers of the funds and are based on the daily closing prices of the underlying investments (level 2 inputs).

 

Real estate: Real estate consists of managed real estate investment trust securities (level 2 inputs).

 

Cash Contributions

 

We contributed $17.3 million to our pension and post-retirement plans in 2025 and expect to contribute approximately $18.0 million in 2026.

 

Future Benefit Payments

 

The following table presents estimated future benefit payments to participants for the next ten fiscal years:

 

(in millions)

 

Pension Benefits

 

 

Post-retirement Benefits

 

2026

 

$

43.8

 

 

$

0.4

 

2027

 

 

42.9

 

 

 

0.4

 

2028

 

 

43.6

 

 

 

0.4

 

2029

 

 

44.0

 

 

 

0.4

 

2030

 

 

44.5

 

 

 

0.4

 

Years 2031 - 2035

 

 

228.2

 

 

 

1.6

 

 

We also sponsor a number of defined contribution plans. Contributions are determined under various formulas. Costs related to such plans amounted to $11.9 million, $12.5 million, and $12.5 million for the years ended December 31, 2025, 2024 and 2023, respectively.

 

Multi-Employer Pension Plan

 

We are a participant in a multi-employer pension plan. The plan has reported significant underfunded liabilities and declared itself in critical and declining status (red). As a result, the trustees of the plan adopted a rehabilitation plan ("RP") in an effort to forestall insolvency. Our required contributions to this plan could increase due to the shrinking contribution base resulting from the insolvency of or withdrawal of other participating employers, from the inability or the failure of withdrawing participating employers to pay their withdrawal liability, from lower than expected returns on pension fund assets, and from other funding deficiencies. In the event that we withdraw from participation in the plan, we will be required to make withdrawal liability payments for a period of 20 years or longer in certain circumstances. The present value of our withdrawal liability payments would be recorded as an expense in our Consolidated Statements of Income (Loss) and as a liability on our Consolidated Balance Sheets in the first year of our withdrawal. The most recent Pension Protection Act ("PPA") zone status available in 2025 and 2024 is for the plan’s years ended December 31, 2024 and 2023, respectively. The zone status is based on information that we received from the plan and is certified by the plan’s actuary. Plans in the red zone (critical or critical and declining) are generally less than 65 percent funded, plans in the yellow zone (endangered) are less than 80 percent funded, and plans in the green zone (safe) are at least 80 percent funded.

 

The Company's contributions are not more than 5 percent of the total contributions to the plan. Details regarding the plan are outlined in the table below.

 

 

 

EIN/Pension Plan

 

Pension Protection Act Zone Status

 

FIP/RP Status Pending

 

Contributions Year Ended December 31,

 

Surcharge

 

Expiration Date of Collective-Bargaining

Pension Fund

 

Number

 

2025

 

2024

 

Implemented

 

2025

 

2024

 

2023

 

Imposed

 

Agreement

PACE Industry Union-Management Pension Fund

 

11-6166763 / 001

 

Red

 

Red

 

Implemented

 

$0.1

 

$0.1

 

$0.1

 

Yes

 

6/30/2028
v3.25.4
Stock-Based Compensation
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation

7. Stock-Based Compensation

 

The 2022 ACCO Brands Corporation Incentive Plan, as amended (the "Plan") provides for stock-based awards generally in the form of stock options, restricted stock units ("RSUs") and performance stock units ("PSUs"), any of which may be granted alone or with other types of awards and dividend equivalents. The Plan authorizes the issuance of up to 20,544,631 shares to key employees and non-employee directors.

 

The Company accrues dividend equivalents ("DEs") on all outstanding RSUs and PSUs as permitted by the Plan. DEs entitle holders of RSUs and PSUs to the same dividend value per share as holders of common stock. RSUs and PSUs are credited with DEs that are converted to RSUs and PSUs at the fair market value of our common stock on the dates the dividend payments are made and are subject to the same terms and conditions as the underlying award. DEs credited to RSUs and PSUs will only be paid to the extent the awards vest and any performance goals are achieved.

 

We will satisfy the requirement for delivering shares of our common stock for the Plan by issuing new shares.

 

The following table summarizes the impact of all stock-based compensation expense on our Consolidated Statements of Income (Loss) for the years ended December 31, 2025, 2024 and 2023:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Selling, general and administrative expense

 

$

11.5

 

 

$

11.9

 

 

$

14.8

 

Income (loss) before income tax

 

 

(11.5

)

 

 

(11.9

)

 

 

(14.8

)

Income tax expense

 

 

(2.6

)

 

 

(2.9

)

 

 

(3.4

)

Net loss

 

$

(8.9

)

 

$

(9.0

)

 

$

(11.4

)

 

There was no capitalization of stock-based compensation expense.

 

Stock-based compensation expense by award type for the years ended December 31, 2025, 2024 and 2023 was as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Stock option compensation expense

 

$

0.1

 

 

$

0.5

 

 

$

2.7

 

RSU compensation expense

 

 

8.3

 

 

 

7.5

 

 

 

6.4

 

PSU compensation expense

 

 

3.1

 

 

 

3.9

 

 

 

5.7

 

Total stock-based compensation expense

 

$

11.5

 

 

$

11.9

 

 

$

14.8

 

 

Stock Options

 

The exercise price of each stock option equals or exceeds the fair market price of our stock on the date of grant. Options granted beginning in 2020 can generally be exercised over a term of ten years and prior to 2020 options could generally be

exercised over a term of seven years. Stock options outstanding as of December 31, 2025, generally vest ratably over three years from the grant date. There were no stock options granted during the years ended December 31, 2025, 2024 and 2023.

 

A summary of the changes in stock options outstanding under the Plan during the year ended December 31, 2025 is presented below:

 

 

 

Number
Outstanding

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term

 

Aggregate
Intrinsic
Value

Outstanding at December 31, 2024

 

 

5,711,296

 

 

$

8.94

 

 

 

 

 

Forfeited/Expired

 

 

(683,108

)

 

$

12.34

 

 

 

 

 

Outstanding at December 31, 2025

 

 

5,028,188

 

 

$

8.48

 

 

4.2 years

 

zero

Exercisable shares at December 31, 2025

 

 

5,028,188

 

 

$

8.48

 

 

4.2 years

 

zero

 

There were no options exercised during the years ended December 31, 2025, 2024 and 2023.

 

The fair value of options vested during the years ended December 31, 2025, 2024, and 2023 was $1.2 million, $2.5 million and $3.4 million, respectively. As of December 31, 2025, all options are vested and there was no unrecognized compensation expense related to stock options.

 

Stock Unit Awards

 

RSUs vest over a pre-determined period of time, generally three years from the date of grant. Stock-based compensation expense for the years ended December 31, 2025, 2024 and 2023 includes $1.3 million, $1.4 million, and $1.3 million, respectively, of expense related to RSUs granted to non-employee directors as a component of their compensation. RSUs granted to non-employee directors prior to 2021 became fully vested on the grant date; after 2021 non-employee director RSUs fully vest on the first anniversary of the grant date.

 

PSUs also vest over a pre-determined period of time, generally not longer than three years, but are further subject to the achievement of certain business performance criteria being met. Based upon the level of achieved performance, the number of shares actually awarded can vary from 0 percent to 200 percent of the original grant.

 

There were 5,296,060 RSUs outstanding as of December 31, 2025. All outstanding RSUs as of December 31, 2025 vest within three years of their date of grant. Upon vesting, all of the RSU awards will be converted into the right to receive one share of common stock of the Company for each unit that vests. The cost of these awards is determined using the fair value of the shares on the date of grant, and compensation expense is generally recognized over the period during which the employee provides the requisite service to the Company.

 

A summary of the changes in the RSUs outstanding under the Plan during 2025 is presented below:

 

 

 

Stock
Units

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at December 31, 2024

 

 

4,241,889

 

 

$

6.06

 

Granted

 

 

1,561,115

 

 

$

4.62

 

Vested and distributed

 

 

(456,340

)

 

$

8.31

 

Forfeited and cancelled

 

 

(50,604

)

 

$

5.19

 

Outstanding at December 31, 2025

 

 

5,296,060

 

 

$

5.45

 

Vested and deferred at December 31, 2025(1)

 

 

955,543

 

 

$

7.28

 

 

(1)
Included in outstanding at December 31, 2025. Vested and deferred RSUs are primarily related to deferred compensation for non-employee directors.

 

For the years ended December 31, 2024 and 2023, we granted 1,501,759 and 1,969,191 RSUs, respectively. The weighted-average grant date fair value of our RSUs was $4.62, $5.31, and $5.23 for the years ended December 31, 2025, 2024 and 2023, respectively. The fair value of RSUs that vested during the years ended December 31, 2025, 2024 and 2023 was $4.7 million, $3.3 million and $4.4 million, respectively. As of December 31, 2025, we have unrecognized compensation expense related to RSUs of $5.9 million, which will be recognized over a weighted-average period of 1.9 years.

 

A summary of the changes in the PSUs outstanding under the Plan during 2025 is presented below:

 

 

 

Stock
Units

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at December 31, 2024

 

 

3,546,242

 

 

$

5.81

 

Granted

 

 

1,746,912

 

 

$

4.68

 

Vested and distributed

 

 

(103,609

)

 

$

8.87

 

Forfeited and cancelled

 

 

(193,234

)

 

$

7.57

 

Other - decrease due to performance of PSUs

 

 

(577,991

)

 

$

4.68

 

Outstanding at December 31, 2025

 

 

4,418,320

 

 

$

5.10

 

 

For the years ended December 31, 2024 and 2023, we granted 1,825,683 and 2,301,907 PSUs, respectively. For the years ended December 31, 2025, 2024 and 2023, 103,609, 685,998, and 336,077 PSUs vested, respectively. The weighted-average grant date fair value of our PSUs was $4.68, $5.80, and $5.39 for the years ended December 31, 2025, 2024 and 2023, respectively. The fair value of PSUs that vested during the years ended December 31, 2025, 2024 and 2023 was $0.9 million, $4.6 million and $2.8 million, respectively. Based on the level of achievement of the performance targets associated with the PSU awards, as of December 31, 2025, we have $0.9 million of unrecognized compensation expense, which will be recognized over a weighted-average period of 1.0 years.
v3.25.4
Inventories
 12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
Inventories

8. Inventories

 

The components of inventories were as follows:

(in millions)

 

December 31,
2025

 

 

December 31,
2024

 

Raw materials

 

$

46.3

 

 

$

35.9

 

Work in process

 

 

3.7

 

 

 

3.3

 

Finished goods

 

 

239.1

 

 

 

231.2

 

Total inventories

 

$

289.1

 

 

$

270.4

 
v3.25.4
Property, Plant and Equipment, Net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net

9. Property, Plant and Equipment, Net

 

The components of net property, plant and equipment were as follows:

 

 

 

December 31

 

(in millions)

 

2025

 

 

2024

 

Land and improvements

 

$

18.9

 

 

$

17.4

 

Buildings and improvements to leaseholds

 

 

124.5

 

 

 

115.4

 

Machinery and equipment

 

 

370.2

 

 

 

365.2

 

Construction in progress

 

 

14.8

 

 

 

7.5

 

 

 

528.4

 

 

 

505.5

 

Less: accumulated depreciation

 

 

(389.6

)

 

 

(368.0

)

Net property, plant and equipment (1)

 

$

138.8

 

 

$

137.5

 

 

(1)
Net property, plant and equipment as of December 31, 2025, and 2024 included $25.8 million and $29.4 million of computer software assets, respectively, which are classified within machinery and equipment and construction in progress. Depreciation expense for software was $13.7 million, $13.8 million, and $14.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.
v3.25.4
Goodwill and Identifiable Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Identifiable Intangible Assets

10. Goodwill and Identifiable Intangible Assets

 

Goodwill

 

We test goodwill for impairment at least annually as of our measurement date of May 31st and on an interim basis if an event or circumstance indicates that it is more likely than not that an impairment loss has been incurred. As of our measurement date of May 31, 2025, we performed a qualitative assessment of impairment on goodwill for each of our two reporting units. The results of our qualitative assessment was that there were no triggering events that would make it more likely than not that an impairment loss to our goodwill had been incurred for either of our two reporting units.

 

During the fourth quarter of 2025, we identified triggering events that converged within our Americas and International reporting units indicating that it was more likely than not that an impairment loss had been incurred. These triggering events include a sustained shift in product mix toward lower-priced and lower-margin products in Brazil that began earlier in the year, reduced year-end customer purchasing activity in Europe, and fourth quarter gaming accessories performing below expectations globally, driven in part by higher consoles prices reducing consumer demand for related accessories. Accordingly, as of November 30, 2025, we completed an impairment assessment, on a quantitative basis, of goodwill for both the Americas and International reporting units. The result of our assessment was that the fair value of both the Americas and International reporting unit exceeded their respective carrying values and we concluded that no impairment existed for either reporting unit.

 

Estimating the fair value of each reporting unit requires us to make assumptions and estimates regarding our future. We utilized a combination of discounted cash flows and market approach. The financial projections used in the valuation models reflected management's assumptions regarding revenue growth rates, economic and market trends, cost structure, discount rate, and other expectations about the anticipated short-term and long-term operating results for each of our reporting units.

 

We believe the assumptions used in our goodwill impairment analysis are appropriate and result in reasonable estimates of the implied fair value of each reporting unit. However, given the economic environment and uncertainties that can negatively impact our business, there can be no assurance that our estimates and assumptions, made for purposes of our goodwill impairment testing, will prove to be an accurate prediction of the future. If our assumptions regarding future performance are not achieved, or if future events occur that adversely affect our enterprise value, we may be required to record additional goodwill impairment charges in future periods.

Changes in the net carrying amount of goodwill by segment were as follows:

(in millions)

 

ACCO Brands Americas

 

 

ACCO Brands International

 

 

Total

 

Balance at December 31, 2023

 

$

383.6

 

 

$

206.4

 

 

$

590.0

 

Goodwill impairment

 

 

(127.5

)

 

 

—

 

 

 

(127.5

)

Foreign currency translation

 

 

(2.8

)

 

 

(13.3

)

 

 

(16.1

)

Balance at December 31, 2024

 

$

253.3

 

 

$

193.1

 

 

$

446.4

 

Acquisitions(1)

 

 

—

 

 

 

4.2

 

 

 

4.2

 

Foreign currency translation

 

 

1.4

 

 

 

26.5

 

 

 

27.9

 

Balance at December 31, 2025

 

$

254.7

 

 

$

223.8

 

 

$

478.5

 

 

(1)
Represents goodwill from the Buro Acquisition.

 

The goodwill balance includes $403.3 million for the year ended December 31, 2023, and $530.8 million of accumulated impairment losses for each of the years ended December 31, 2024, and 2025, respectively.

 

Identifiable Intangible Assets

 

We test our indefinite-lived intangible for impairment at least annually as of our measurement date of May 31st. We also test for impairment on an interim basis if an event or circumstance indicates that it is more likely than not that an impairment loss has occurred. No such event or circumstance was identified during the fourth quarter ended December 31, 2025.

 

As of our measurement date of May 31, 2025, we performed our annual assessment, on a qualitative basis, on our indefinite-lived trade name. We considered events and circumstances that may affect the fair value of our indefinite-lived trade name to determine whether it was necessary to perform the quantitative impairment test. We focused on events and circumstances that could affect the significant inputs, including, but not limited to, revenue growth rates, economic and market trends, royalty rate, discount rate, and other expectations about the anticipated short-term and long-term operating results. The results of our qualitative assessment was that there were no triggering events that would make it more likely than not that an impairment loss to our indefinite-lived trade name has been incurred.

 

We believe the assumptions used in our assessment were appropriate. However, given the economic environment and uncertainties that can negatively impact our business, there can be no assurance that our estimates and assumptions, made for purposes of our indefinite-lived intangible assessment, will prove to be an accurate prediction of the future. If our estimates and assumptions are not realized, or if future events or circumstances indicate that it is more likely than not that an impairment loss has been incurred, we may be required to perform a quantitative impairment test on our indefinite-lived trade name which may result in recording an impairment charge in future periods.

 

The Company's gross carrying value and accumulated amortization by class of identifiable intangible assets as of December 31, 2025 and 2024 were as follows:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

(in millions)

 

Gross Carrying Amounts

 

 

Accumulated Amortization

 

 

Net Book Value

 

 

Gross Carrying Amounts

 

 

Accumulated Amortization

 

 

Net Book Value

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name(2)

 

$

101.2

 

 

$

(44.5

)

 

$

56.7

 

 

$

101.2

 

 

$

(44.5

)

 

$

56.7

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

658.9

 

 

 

(185.7

)

 

 

473.2

 

 

 

627.5

 

 

 

(157.5

)

 

 

470.0

 

Customer and contractual relationships

 

 

371.8

 

 

 

(260.4

)

 

 

111.4

 

 

 

350.7

 

 

 

(230.0

)

 

 

120.7

 

Vendor relationships

 

 

82.4

 

 

 

(27.7

)

 

 

54.7

 

 

 

82.4

 

 

 

(22.2

)

 

 

60.2

 

Patents

 

 

8.2

 

 

 

(7.3

)

 

 

0.9

 

 

 

7.8

 

 

 

(5.8

)

 

 

2.0

 

Subtotal

 

 

1,121.3

 

 

 

(481.1

)

 

 

640.2

 

 

 

1,068.4

 

 

 

(415.5

)

 

 

652.9

 

Total identifiable intangibles

 

$

1,222.5

 

 

$

(525.6

)

 

$

696.9

 

 

$

1,169.6

 

 

$

(460.0

)

 

$

709.6

 

 

(2)
Accumulated amortization prior to the adoption of authoritative guidance on goodwill and other intangible assets, at which time further amortization ceased.

 

The Company’s intangible amortization expense was $46.2 million, $44.7 million and $43.4 million for the years ended December 31, 2025, 2024 and 2023, respectively.

 

Estimated amortization expense for amortizable intangible assets for the next five years is as follows:

(in millions)

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

Estimated amortization expense(3)

 

$

44.8

 

 

$

42.3

 

 

$

40.1

 

 

$

38.3

 

 

$

37.3

 

 

(3)
Actual amounts of amortization expense may differ from estimated amounts due to changes in foreign currency exchange rates, additional intangible asset acquisitions, impairment of intangible assets, accelerated amortization of intangible assets, and other events.

 

Acquired Identifiable Intangibles

 

Buro Acquisition

 

The valuation of identifiable intangible assets of $5.8 million acquired in the Buro Acquisition includes an amortizable trade name "Buro", and amortizable customer relationships, which have been recorded at their estimated fair values. The fair value of the trade name was determined using the relief from royalty method, which is based on the present value of royalty fees derived from projected revenues. The fair value of the customer relationships was determined using the multi-period excess earning method which is based on the present value of the projected after-tax cash flows adjusted for contributory asset charges.

 

The allocation of the identifiable intangibles acquired in the Buro Acquisition was as follows:

 

(in millions)

 

Fair Value

 

 

Remaining
Useful Life

Trade name

 

$

1.9

 

 

20 years

Customer relationships

 

 

3.9

 

 

9 years

Total identifiable intangibles acquired

 

$

5.8

 

 

 
v3.25.4
Restructuring
 12 Months Ended
Dec. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring

11. Restructuring

 

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

 

 
v3.25.4
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

12. Income Taxes

 

The components of income (loss) before income tax for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Domestic operations

 

$

(25.7

)

 

$

(173.0

)

 

$

(124.8

)

Foreign operations

 

 

74.8

 

 

 

85.7

 

 

 

111.7

 

Total

 

$

49.1

 

 

$

(87.3

)

 

$

(13.1

)

 

The reconciliation of income taxes computed at the U.S. federal statutory income tax rate of 21 percent to our effective income tax rate for the years ended December 31, 2025, 2024 and 2023 was as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Income tax at U.S. statutory rate; 21%

 

$

10.3

 

 

$

(18.3

)

 

$

(2.7

)

Unrecognized tax (benefits) expense

 

 

(1.9

)

 

 

(2.8

)

 

 

1.0

 

Statutory tax rate changes

 

 

4.5

 

 

 

—

 

 

 

0.4

 

Statutory tax law changes

 

 

—

 

 

 

—

 

 

 

(3.6

)

State, local and other tax, net of federal benefit

 

 

(1.5

)

 

 

(2.0

)

 

 

(1.3

)

Impact from foreign inclusions

 

 

4.9

 

 

 

0.6

 

 

 

(0.7

)

U.S. effect of foreign dividends and withholding taxes

 

 

5.0

 

 

 

4.1

 

 

 

3.9

 

Foreign income tax rate differential

 

 

(0.9

)

 

 

4.3

 

 

 

4.2

 

Global Minimum Tax

 

 

1.1

 

 

 

—

 

 

 

—

 

Brazilian Tax Assessments impact

 

 

(12.4

)

 

 

(1.6

)

 

 

(13.3

)

Increase in valuation allowance

 

 

3.2

 

 

 

2.4

 

 

 

5.4

 

General business credit

 

 

(0.5

)

 

 

(0.4

)

 

 

(2.2

)

Excess expense from stock-based compensation

 

 

1.0

 

 

 

1.3

 

 

 

0.6

 

Impairment of non-deductible goodwill

 

 

—

 

 

 

26.8

 

 

 

18.8

 

Loss on derivatives

 

 

(2.3

)

 

 

—

 

 

 

—

 

Prior period tax return adjustment

 

 

(1.3

)

 

 

0.1

 

 

 

(1.0

)

Other decrease

 

 

(1.4

)

 

 

(0.2

)

 

 

(0.8

)

Income taxes as reported

 

$

7.8

 

 

$

14.3

 

 

$

8.7

 

Effective tax rate

 

 

15.9

 %

 

 

(16.4

)%

 

 

(66.4

)%

 

Under ASU 2023-09 for which the Company is adopting on a prospective basis, the reconciliation of income taxes computed at the U.S. federal statutory income tax rate of 21 percent to our effective income tax rate for the year ended December 31, 2025 was as follows:

 

 

 

2025

 

(in millions)

 

Value

 

 

Percent

 

Income tax at U.S. statutory rate; 21%

 

$

10.3

 

 

 

21.0

 %

Domestic federal income taxes, net of prior period tax return adjustments

 

 

 

 

 

 

Tax credits, net of prior period tax return adjustments

 

 

 

 

 

 

Current year foreign tax credit carried forward

 

 

(2.2

)

 

 

(4.5

)%

Other

 

 

(0.3

)

 

 

(0.6

)%

Nontaxable and nondeductible items

 

 

 

 

 

 

Other

 

 

0.3

 

 

 

0.6

 %

Effect of cross-border tax laws, net of prior tax return adjustments

 

 

 

 

 

 

Global intangible low-taxed income, net of current year foreign tax credits

 

 

(2.3

)

 

 

(4.7

)%

Subpart F, net of current year foreign tax credits

 

 

7.6

 

 

 

15.5

 %

Loss on derivatives

 

 

(2.3

)

 

 

(4.7

)%

Other

 

 

(0.3

)

 

 

(0.6

)%

Other adjustments

 

 

 

 

 

 

Excess expense from stock-based compensation

 

 

1.0

 

 

 

2.1

 %

Other

 

 

0.1

 

 

 

0.2

 %

Domestic state and local income taxes, net of federal benefit and prior period tax return adjustments(1)

 

 

(1.5

)

 

 

(3.1

)%

Foreign tax effects, net of prior period tax return adjustments

 

 

 

 

 

 

Australia

 

 

 

 

 

 

Foreign income tax rate differential

 

 

0.9

 

 

 

1.8

 %

Brazil

 

 

 

 

 

 

Interest on net equity

 

 

(2.7

)

 

 

(5.5

)%

Withholding tax

 

 

2.0

 

 

 

4.1

 %

Foreign income tax rate differential

 

 

0.8

 

 

 

1.6

 %

Other

 

 

(0.2

)

 

 

(0.4

)%

Canada

 

 

 

 

 

 

Withholding tax

 

 

2.7

 

 

 

5.5

 %

China

 

 

 

 

 

 

Change in valuation allowance

 

 

1.2

 

 

 

2.4

 %

Other

 

 

(0.1

)

 

 

(0.2

)%

Germany

 

 

 

 

 

 

Foreign income tax rate differential

 

 

(0.8

)

 

 

(1.6

)%

Trade tax

 

 

2.2

 

 

 

4.5

 %

Tax rate change

 

 

4.6

 

 

 

9.4

 %

Mexico

 

 

0.6

 

 

 

1.2

 %

Netherlands

 

 

 

 

 

 

Foreign income tax rate differential

 

 

(0.8

)

 

 

1.6

 %

Other

 

 

0.1

 

 

 

0.2

 %

Sweden

 

 

0.5

 

 

 

1.0

 %

United Kingdom

 

 

 

 

 

 

Foreign income tax rate differential

 

 

(3.9

)

 

 

(7.9

)%

Global Minimum Tax

 

 

1.1

 

 

 

2.2

 %

Change in valuation allowance

 

 

1.2

 

 

 

2.4

 %

Other foreign jurisdictions

 

 

2.2

 

 

 

4.5

 %

Worldwide changes in unrecognized tax benefits

 

 

(14.2

)

 

 

(28.9

)%

Income taxes as reported

 

$

7.8

 

 

 

15.9

 %

 

(1)
In 2025, state and local income taxes in California, Illinois, Indiana, Mississippi, New Jersey, New York, and Pennsylvania comprise the majority of the domestic state and local income taxes, net of federal effect category.

 

For 2025, we recorded income tax expense of $7.8 million on income before taxes of $49.1 million, for an effective rate of 15.9 percent. After removing the impacts of the 2024 non-cash impairment charges, the decrease in the effective rate versus 2024 was primarily due to a reduction of income before income tax, the tax benefit from the settlement of the Brazil Tax Assessments, offset by the tax expense for a foreign statutory tax rate change.

 

For 2024, we recorded income tax expense of $14.3 million on a loss before taxes of $87.3 million, for an effective rate of (16.4) percent. The increase in the effective rate versus 2023 was primarily due to a larger non-cash impairment charge related to goodwill in 2024 compared to 2023 and the release of certain unrecognized tax benefits related to the Brazil Tax Assessments in 2023 which did not repeat in 2024.

 

For 2023, we recorded income tax expense of $8.7 million on loss before taxes of $13.1 million, for an effective rate of (66.4) percent.

 

The components of the income tax expense for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Current expense

 

 

 

 

 

 

 

 

 

Federal and other

 

$

(0.2

)

 

$

(3.2

)

 

$

0.2

 

Foreign

 

 

11.5

 

 

 

24.4

 

 

 

28.6

 

Total current income tax expense

 

 

11.3

 

 

 

21.2

 

 

 

28.8

 

Deferred expense (benefit)

 

 

 

 

 

 

 

 

 

Federal and other

 

$

(5.6

)

 

$

(7.0

)

 

$

(16.7

)

Foreign

 

 

2.1

 

 

 

0.1

 

 

 

(3.4

)

Total deferred income tax (benefit) expense

 

 

(3.5

)

 

 

(6.9

)

 

 

(20.1

)

Total income tax expense

 

$

7.8

 

 

$

14.3

 

 

$

8.7

 

 

The components of deferred tax assets (liabilities) as of December 31, 2025 and 2024 were as follows:

 

(in millions)

 

2025

 

 

2024

 

Deferred tax assets

 

 

 

 

 

 

Compensation and benefits

 

$

19.3

 

 

$

20.3

 

Pension

 

 

8.7

 

 

 

14.4

 

Inventory

 

 

7.9

 

 

 

8.1

 

Other reserves

 

 

11.5

 

 

 

13.9

 

Accounts receivable

 

 

5.7

 

 

 

5.1

 

Foreign tax credit carryforwards

 

 

9.4

 

 

 

6.8

 

Net operating loss carryforwards

 

 

84.9

 

 

 

74.8

 

Interest expense carryforwards

 

 

43.3

 

 

 

34.1

 

Section 174 capitalization

 

 

15.1

 

 

 

16.1

 

General business tax credit carryforwards

 

 

2.2

 

 

 

1.8

 

Depreciation

 

 

2.1

 

 

 

—

 

Other

 

 

0.6

 

 

 

2.1

 

Gross deferred income tax assets

 

 

210.7

 

 

 

197.5

 

Valuation allowance

 

 

(67.9

)

 

 

(60.3

)

Net deferred tax assets

 

 

142.8

 

 

 

137.2

 

Deferred tax liabilities

 

 

 

 

 

 

Depreciation

 

 

—

 

 

 

(3.8

)

Unremitted non-U.S. earnings accrual

 

 

(3.6

)

 

 

(4.1

)

Identifiable intangibles

 

 

(155.2

)

 

 

(151.9

)

Gross deferred tax liabilities

 

 

(158.8

)

 

 

(159.8

)

Net deferred tax liabilities

 

$

(16.0

)

 

$

(22.6

)

 

A valuation allowance of $67.9 million and $60.3 million as of December 31, 2025 and 2024, respectively, has been established for deferred income tax assets. The $7.6 million increase in the valuation allowance in 2025 reflects the increase in

our existing valuation by $3.3 million and a $4.3 million increase resulting from foreign currency translation. The valuation allowance is primarily related to net operating loss (the "NOL") carryforwards that may not be realized. Realization of the net deferred income tax assets is dependent upon generating sufficient taxable income prior to the expiration of the applicable carryforward periods. Although realization is not certain, management believes that it is more likely than not that the net deferred income tax assets will be realized. However, the amount of net deferred tax assets considered realizable could change in the near term if estimates of future taxable income during the applicable carryforward periods fluctuate.

 

As of December 31, 2025, the Company has state NOL tax benefits of $15.3 million which will expire between December 31, 2026 and December 31, 2045. As of December 31, 2025, the Company has $2.2 million of federal general business credit carryforwards which will expire between December 31, 2042 and December 31, 2045. As of December 31, 2025, the Company had $9.4 million of foreign tax credit carryforwards of which $7.2 million will expire on December 31, 2027 and $2.2 million will expire on December 31, 2035. As of December 31, 2025, the Company has foreign NOLs of $304.2 million and tax benefits of $69.5 million, most of which have unlimited carryforward periods.

 

As of December 31, 2025, the Company has recorded $3.6 million of deferred taxes on approximately $313.4 million of unremitted earnings of non-U.S. subsidiaries that may be remitted to the U.S.

 

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2025, 2024 and 2023 was as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Balance at beginning of year

 

$

20.7

 

 

$

28.0

 

 

$

39.1

 

Additions for tax positions of prior years

 

 

0.5

 

 

 

3.5

 

 

 

3.6

 

Reductions for tax positions of prior years

 

 

(22.1

)

 

 

(5.6

)

 

 

(17.7

)

Increase (decrease) resulting from foreign currency translation

 

 

2.1

 

 

 

(5.2

)

 

 

3.0

 

Balance at end of year

 

$

1.2

 

 

$

20.7

 

 

$

28.0

 

 

As of December 31, 2025, the amount of unrecognized tax benefits decreased to $1.2 million, all of which would impact our effective tax rate, if recognized.

 

Interest and penalties related to unrecognized tax benefits are recognized within "Income tax expense" in the Consolidated Statements of Income. As of December 31, 2025, we have accrued a cumulative $0.4 million for interest and penalties on the unrecognized tax benefits.

 

As of December 31, 2025, the U.S. federal statute of limitations remains open for the year 2021 and forward. Foreign and U.S. state jurisdictions have statutes of limitations generally ranging from 2 to 6 years. As of December 31, 2025, years still open to examination by foreign tax authorities in major jurisdictions include Australia (2021 forward), Brazil (2020 forward), Canada (2020 forward), Germany (2020 forward), Sweden (2023 forward), and the U.K. (2024 forward). We are currently under examination in the U.S. and various foreign jurisdictions.

 

Under ASU 2023-09 for which the Company is adopting on a prospective basis, the reconciliation of cash income taxes paid for the year ended December 31, 2025 was as follows:

 

(in millions)

 

2025

 

U.S. federal

 

$

6.2

 

U.S. state and local

 

 

(0.1

)

Foreign

 

 

 

Brazil

 

$

11.2

 

Canada

 

 

1.9

 

Mexico

 

 

2.0

 

Spain

 

 

1.9

 

Germany

 

 

3.0

 

United Kingdom

 

 

1.9

 

Other

 

 

7.7

 

Total foreign tax payments

 

 

29.6

 

Total income tax payments (net of refunds)

 

$

35.7

 

 

Organisation for Economic Co-operation and Development (“OECD”) Global Anti-Base Erosion Model Rules (Pillar Two)

Legislatures and taxing authorities in many jurisdictions in which we operate may enact changes to, or seek to enforce, novel interpretations of their tax rules. These changes may include modifications that can be temporary or permanent. For example, the Organisation for Economic Cooperation and Development (the "OECD"), the European Union, and other countries (including countries in which we operate) have committed to enacting substantial changes to numerous long-standing tax principles impacting how large multinational enterprises are taxed. In particular, the OECD's Pillar Two initiative introduces a 15 percent global minimum tax (the "Global Minimum Tax") applied on a country-by-country basis and some jurisdictions have enacted a Global Minimum Tax effective January 1, 2024 while others are still evaluating the situation. As of December 31, 2025, we have recorded $1.1 million of tax expense related to Global Minimum Tax. Management will continue to assess the impact and materiality of these potential new rules as well as any other changes in domestic and international tax rules and regulations.

 

One Big Beautiful Bill Act ("OB3")

 

On July 4, 2025, the One Big Beautiful Bill Act ("OB3") was enacted into law. The OB3 includes significant provisions, such as allowing for accelerated tax deductions for qualified property and research expenditures, and reinstating the use of earnings before interest, taxes, depreciation, and amortization in determining tax deductions related to business interest expense. In addition to the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, the OB3 also modifies the international tax framework and restores favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027.

 

Brazil Tax Assessments

 

In connection with our May 1, 2012, acquisition of the Mead Consumer and Office Products business ("Mead C&OP"), we assumed all of the tax liabilities for the acquired foreign operations including ACCO Brazil. In December of 2012, the Federal Revenue Department of the Ministry of Finance of Brazil ("FRD") issued a tax assessment against ACCO Brazil, challenging the tax deduction of goodwill from ACCO Brazil's taxable income for the year 2007 (the "First Assessment"). A second assessment challenging the deduction of goodwill from ACCO Brazil's taxable income for the years 2008, 2009 and 2010 was issued by FRD in October 2013 (the "Second Assessment" and together with the First Assessment, the "Brazil Tax Assessments").

ACCO Brazil challenged both the foregoing assessments at the administrative level in the Brazilian Administrative Court of Tax Appeals ("BACTA"). Following adverse decisions from the BACTA concerning the deductibility of goodwill, ACCO Brazil appealed the decisions to the Brazilian judicial courts. Although we believed we had meritorious defenses, because there is no settled legal precedent on which to base a definitive opinion as to whether we would ultimately prevail, we considered the outcome of these disputes to be uncertain. Since it was not more likely than not that we would prevail, in 2012 we recorded an initial reserve in the amount of $44.5 million (at December 31, 2012 exchange rates) in consideration of this contingency, of which $43.3 million was recorded as an adjustment to the purchase price, and which included the 2007-2012 tax years plus penalties and interest through December 2012. Between the time we recorded this initial reserve and June 13, 2025, we adjusted the reserve for various developments affecting the contingency, and on that date, we had reserved $20.5 million in tax, penalties, and interest (at June 13, 2025 exchange rates and reported in "Other non-current liabilities").

 

While the judicial appeals were pending, in January 2025, the Attorney General's Office of the Brazilian National Treasury ("Brazilian Treasury") offered an amnesty program in which it agreed to dismiss with prejudice any pending goodwill cases in exchange for the payment of at least 35 percent of the outstanding assessment principal, interest, and legal fees on or before June 30, 2025. After considering this offer and to avoid further expense and uncertainty, ACCO Brazil decided to participate in the amnesty program. In June 2025, the Brazilian Treasury accepted ACCO Brazil's intent to participate in the amnesty program. The total amount of the settlement under this program was determined to be $7.4 million. The Company paid an initial installment of $2.0 million on June 30, 2025, and under the terms of the settlement, the remaining $5.4 million will be paid in monthly installments, including interest, through June 2026. Upon completion of these payments, the pending cases will be dismissed with prejudice, thereby resolving the matter.
v3.25.4
Earnings Per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings per Share

13. Earnings per Share

 

Total outstanding shares as of December 31, 2025, 2024 and 2023 were 90.1 million, 92.9 million and 94.9 million, respectively. Under our stock repurchase authorization, for the years ended December 31, 2025, and 2024 there were 3.2 million and 2.9 million shares repurchased and retired, respectively. For the year ended December 31, 2023, we did not repurchase any shares. For the years ended December 31, 2025, 2024 and 2023, we acquired 0.2 million, 0.4 million, and 0.3 million shares, respectively, related to tax withholding in connection with stock-based compensation.

 

The calculation of basic earnings per share of common stock is based on the weighted-average number of shares of common stock outstanding in the year, or period, over which they were outstanding. Except when the impact would be anti-dilutive, our calculation of diluted earnings per share of common stock assumes that the number of shares of common stock outstanding is increased by shares that would be issued upon exercise of those stock awards for which the average market price for the period exceeds the exercise price less the shares that could have been purchased by the Company with the related proceeds, including compensation expense measured but not yet recognized.

 

Our weighted-average shares outstanding for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Year Ended December 31,

 

(in millions except per share data)

 

2025

 

 

2024

 

 

2023

 

Net income (loss)

 

$

41.3

 

 

$

(101.6

)

 

$

(21.8

)

Determination of shares:

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding

 

 

92.1

 

 

 

95.6

 

 

 

95.3

 

Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price

 

 

1.9

 

 

 

—

 

 

 

—

 

Average common shares outstanding for fully diluted computation(1)

 

 

94.0

 

 

 

95.6

 

 

 

95.3

 

 

 

 

 

 

 

 

 

 

 

Per share:

 

 

 

 

 

 

 

 

 

Basic income (loss) per share

 

$

0.45

 

 

$

(1.06

)

 

$

(0.23

)

Diluted income (loss) per share

 

$

0.44

 

 

$

(1.06

)

 

$

(0.23

)

Shares outstanding as of December 31,

 

 

90.1

 

 

 

92.9

 

 

 

94.9

 

 

(1)
Due to the net loss during the twelve months ended December 31, 2024 and 2023, diluted earnings per share are the same as basic earnings per share.

 

Awards of potentially dilutive shares of common stock, which have exercise prices that were higher than the average market price during the period, are not included in the computation of dilutive earnings per share as their effect would have been anti-dilutive. For the years ended December 31, 2025, 2024 and 2023, the number of anti-dilutive shares were approximately 10.4 million, 10.1 million, and 9.9 million, respectively.
v3.25.4
Derivative Financial Instruments
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments

14. Derivative Financial Instruments

 

We are exposed to various market risks, including changes in foreign currency exchange rates and interest rate changes. We enter into financial instruments to manage and reduce the impact of these risks, not for trading or speculative purposes. The counterparties to these financial instruments are major financial institutions. We continually monitor our foreign currency exposures in order to maximize the overall effectiveness of our foreign currency hedge positions. Principal currencies hedged against the U.S. dollar include the Euro, Australian dollar, Canadian dollar, Swedish krona, British pound, and Japanese yen. We are subject to credit risk, which relates to the ability of counterparties to meet their contractual payment obligations or the potential non-performance by counterparties to financial instrument contracts. Management continues to monitor the status of our counterparties and will take action, as appropriate, to further manage our counterparty credit risk. There are no credit contingency features in our derivative financial instruments.

 

When hedge accounting is applicable, on the date we enter into a derivative, the derivative is designated as a hedge of the identified exposure. We measure the effectiveness of our hedging relationships both at hedge inception and on an ongoing basis.

 

Forward Currency Contracts

 

We enter into forward foreign currency contracts with third parties to reduce the effect of fluctuating foreign currencies, primarily on foreign denominated inventory purchases and intercompany loans. Our primary exposure to currency movements is in the Euro, the Swedish krona, the British pound, the Brazilian real, the Australian dollar, the Canadian dollar, and the Mexican peso.

 

Forward currency contracts are used to hedge foreign denominated inventory purchases for Europe, Australia, Canada, Japan, and New Zealand, and are designated as cash flow hedges. Unrealized gains and losses on these contracts are deferred in AOCI until the contracts are settled and the underlying hedged transactions relating to inventory purchases are recognized, at

which time the deferred gains or losses will be reported in the "Cost of products sold" line in the Consolidated Statements of Income. As of December 31, 2025 and 2024, we had cash flow foreign exchange contracts outstanding with a U.S. dollar equivalent notional value of $101.5 million and $76.9 million, respectively, which were designated as hedges.

 

Forward currency contracts used to hedge foreign denominated intercompany loans are not designated as hedging instruments. Gains and losses on these derivative instruments are recognized within "Other expense (income), net" in the Consolidated Statements of Income and are largely offset by the change in the current translated value of the hedged item. The periods of the forward foreign exchange contracts correspond to the periods of the hedged transactions, with some relating to intercompany loans which extend beyond December 2026. As of December 31, 2025 and 2024, we had foreign exchange contracts outstanding with a U.S. dollar equivalent notional value of $38.7 million and $73.6 million, respectively, which were not designated as hedges.

 

The following table summarizes the fair value of our derivative financial instruments as of December 31, 2025, and 2024:

 

 

 

Fair Value of Derivative Instruments

 

 

 

Derivative Assets

 

 

Derivative Liabilities

 

(in millions)

 

Balance Sheet Location

 

December 31,
2025

 

 

December 31,
2024

 

 

Balance Sheet Location

 

December 31,
2025

 

 

December 31,
2024

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

Other current assets

 

$

0.3

 

 

$

4.0

 

 

Other current liabilities

 

$

1.2

 

 

$

—

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

Other current assets

 

 

0.3

 

 

 

0.3

 

 

Other current liabilities

 

 

—

 

 

 

0.3

 

Foreign exchange contracts

 

Other non-current assets

 

 

—

 

 

 

9.0

 

 

Other non-current liabilities

 

 

—

 

 

 

9.0

 

Total derivatives

 

 

 

$

0.6

 

 

$

13.3

 

 

 

 

$

1.2

 

 

$

9.3

 

 

The following tables summarize the pre-tax effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023:

 

 

 

The Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Consolidated Financial Statements

 

 

 

Amount of Gain (Loss) Recognized in AOCI (Effective Portion)

 

 

Location of (Gain) Loss Reclassified from AOCI to Income

 

Amount of (Gain) Loss Reclassified from AOCI to Income (Effective Portion)

 

 

 

Year Ended December 31,

 

 

 

 

 

 

Year Ended December 31,

 

 

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

 

 

 

2025

 

 

2024

 

 

2023

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

(5.0

)

 

$

5.1

 

 

$

0.4

 

 

Cost of products sold

 

$

1.1

 

 

$

(1.3

)

 

$

(2.8

)

 

 

 

 

The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Financial Statements

 

 

 

Location of (Gain) Loss Recognized in Income on Derivatives

 

Amount of (Gain) Loss Recognized in Income

 

 

 

 

 

Year Ended December 31,

 

(in millions)

 

 

 

2025

 

 

2024

 

 

2023

 

Foreign exchange contracts

 

Other expense (income), net

 

$

0.4

 

 

$

(4.5

)

 

$

0.1

 
v3.25.4
Fair Value of Financial Instruments
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value of Financial Instruments

15. Fair Value of Financial Instruments

 

In establishing a fair value, there is a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The basis of the fair value measurement is categorized in three levels, in order of priority, as described below:

Level 1

Unadjusted quoted prices in active markets for identical assets or liabilities

Level 2

Unadjusted quoted prices in active markets for similar assets or liabilities, or

 

Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or

 

Inputs other than quoted prices that are observable for the asset or liability

Level 3

Unobservable inputs for the asset or liability

 

We utilize the best available information in measuring fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

 

We have determined that our financial assets and liabilities described in "Note 14. Derivative Financial Instruments" are Level 2 in the fair value hierarchy. The following table sets forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2025, and 2024:

 

(in millions)

 

December 31,
2025

 

 

December 31,
2024

 

Assets:

 

 

 

 

 

 

Forward currency contracts

 

$

0.6

 

 

$

13.3

 

Liabilities:

 

 

 

 

 

 

Forward currency contracts

 

$

1.2

 

 

$

9.3

 

 

Our forward currency contracts are included in "Other current assets," "Other current liabilities," "Other non-current assets," or "Other non-current liabilities." The forward foreign currency exchange contracts are primarily valued based on the foreign

currency spot and forward rates quoted by banks or foreign currency dealers. As such, these derivative instruments are classified within Level 2.

 

The fair values of cash and cash equivalents, notes payable to banks, accounts receivable and accounts payable approximate carrying amounts due principally to their short maturities. The carrying amount of total debt was $840.9 million and $839.7 million, and the estimated fair value of total debt was $799.2 million and $789.4 million, each as of December 31, 2025, and 2024, respectively. The fair values are determined from quoted market prices, where available, and from using current interest rates based on credit ratings and the remaining terms of maturity.

 

Non-recurring Fair Value Measurements

 

On a non-recurring basis, we remeasure the fair value of the goodwill of our reporting units and of our trade name indefinite-lived intangibles if an event or circumstance indicates that it is more likely than not that an impairment loss has been incurred. The fair value of our reporting units and trade names are considered Level 3 measurements. Level 3 measurements require significant unobservable inputs that are reflected in our assumptions. See "Note 10. Goodwill and Identifiable Intangible Assets" for more information.
v3.25.4
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

16. Accumulated Other Comprehensive Income (Loss)

 

AOCI is defined as net income (loss) and other changes in stockholders’ equity from transactions and other events from sources other than stockholders. The components of, and changes in, AOCI were as follows:

 

(in millions)

 

Derivative Financial Instruments

 

 

Foreign Currency Adjustments

 

 

Unrecognized Pension and Other Post-retirement Benefit Costs

 

 

Accumulated Other Comprehensive Income (Loss)

 

Balance at December 31, 2023

 

$

(0.7

)

 

$

(349.8

)

 

$

(175.8

)

 

$

(526.3

)

Other comprehensive income (loss) before reclassifications, net of tax

 

 

3.6

 

 

 

(66.1

)

 

 

9.1

 

 

 

(53.4

)

Amounts reclassified from accumulated other comprehensive income (loss), net of tax

 

 

(0.8

)

 

 

—

 

 

 

8.4

 

 

 

7.6

 

Balance at December 31, 2024

 

$

2.1

 

 

$

(415.9

)

 

$

(158.3

)

 

$

(572.1

)

Other comprehensive income (loss) before reclassifications, net of tax

 

 

(3.6

)

 

 

56.5

 

 

 

(9.4

)

 

 

43.5

 

Amounts reclassified from accumulated other comprehensive income (loss), net of tax

 

 

0.8

 

 

 

—

 

 

 

5.2

 

 

 

6.0

 

Balance at December 31, 2025

 

$

(0.7

)

 

$

(359.4

)

 

$

(162.5

)

 

$

(522.6

)

 

The reclassifications out of AOCI for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Year Ended December 31,

 

 

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Details about Accumulated Other Comprehensive Income (Loss) Components

 

Amount Reclassified from Accumulated Other Comprehensive Income (Loss)

 

 

Location on Income Statement

Gain (loss) on cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

(1.1

)

 

$

1.3

 

 

$

2.8

 

 

Cost of products sold

Tax benefit (expense)

 

 

0.3

 

 

 

(0.5

)

 

 

(0.8

)

 

Income tax expense

Net of tax

 

$

(0.8

)

 

$

0.8

 

 

$

2.0

 

 

 

Defined benefit plan items:

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial loss(1)

 

$

(6.6

)

 

$

(11.1

)

 

$

(5.9

)

 

 

Amortization of prior service cost(1)

 

 

(0.3

)

 

 

(0.3

)

 

 

(0.3

)

 

 

Total before tax

 

 

(6.9

)

 

 

(11.4

)

 

 

(6.2

)

 

 

Tax benefit

 

 

1.7

 

 

 

3.0

 

 

 

0.7

 

 

Income tax expense

Net of tax

 

$

(5.2

)

 

$

(8.4

)

 

$

(5.5

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications for the period, net of tax

 

$

(6.0

)

 

$

(7.6

)

 

$

(3.5

)

 

 

 

(1)
These AOCI components are included in the computation of net periodic benefit (income) cost for pension and post-retirement plans (See "Note 6. Pension and Other Retiree Benefits" for additional details).
v3.25.4
Revenue Recognition
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

17. Revenue Recognition

 

Revenue is recognized when control of the promised goods or services is transferred to our customers in an amount reflective of the consideration we expect to be received in exchange for those goods or services. Taxes we collect concurrent with revenue producing activities are excluded from revenue. Incidental items incurred that are immaterial in the context of the contract are expensed.

 

At the inception of each contract, the Company assesses the products and services promised and identifies each distinct performance obligation. To identify the performance obligations, the Company considers all products and services promised regardless of whether they are explicitly stated or implied within the contract or by standard business practices.

 

Freight and distribution activities performed before the customer obtains control of the goods are not considered promised services under customer contracts and therefore are not distinct performance obligations. The Company has chosen to account for shipping and handling activities as a fulfillment activity, and therefore accrues the expense of freight and distribution in "Cost of products sold" when product is shipped.

 

As of December 31, 2024, there was $2.9 million of unearned revenue associated with outstanding service or extended maintenance agreements ("EMAs"), primarily reported in "Other current liabilities." During the year ended December 31, 2025, $2.5 million of the unearned revenue was earned and recognized. As of December 31, 2025, the amount of unearned revenue from EMAs was $2.5 million. We expect to earn and recognize approximately $2.1 million of the unearned amount in the next 12 months and $0.4 million in periods beyond the next 12 months.

 

The following tables present our net sales disaggregated by regional geography(1), based upon our operating segments for the years ended December 31, 2025, 2024 and 2023, and our net sales disaggregated by the timing of revenue recognition for the years ended December 31, 2025, 2024 and 2023:

 

(in millions)

 

2025

 

 

2024

 

 

 

2023

 

United States

 

$

647.3

 

 

$

719.7

 

 

$

796.2

 

Canada

 

 

77.8

 

 

 

88.0

 

 

 

95.0

 

Latin America

 

 

169.3

 

 

 

192.2

 

 

 

244.5

 

ACCO Brands Americas

 

 

894.4

 

 

 

999.9

 

 

 

1,135.7

 

 

 

 

 

 

 

 

 

 

 

EMEA(1)

 

 

482.0

 

 

 

521.8

 

 

 

547.2

 

Australia/N.Z.

 

 

115.9

 

 

 

112.3

 

 

 

118.5

 

Asia

 

 

32.4

 

 

 

32.2

 

 

 

31.4

 

ACCO Brands International

 

 

630.3

 

 

 

666.3

 

 

 

697.1

 

Net sales(2)

 

$

1,524.7

 

 

$

1,666.2

 

 

$

1,832.8

 

 

(1)
ACCO Brands EMEA is comprised largely of Europe, but also includes export sales to the Middle East and Africa.
(2)
Net sales are attributed to geographic areas based on the location of the selling subsidiaries.

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Product and services transferred at a point in time

 

$

1,493.5

 

 

$

1,629.7

 

 

$

1,794.1

 

Product and services transferred over time

 

 

31.2

 

 

 

36.5

 

 

 

38.7

 

Net sales

 

$

1,524.7

 

 

$

1,666.2

 

 

$

1,832.8

 
v3.25.4
Information on Operating Segments
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Information on Operating Segments

18. 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

 

AT-A-GLANCE®, Barrilito®, Five Star®, Foroni®, GBC®, Hilroy®, Kensington®, Mead®, PowerA®, Quartet®, Swingline® and Tilibra®

 

Note taking products, gaming and computer accessories; planners; workspace machines, tools and essentials and dry erase boards and accessories.

 

 

 

 

 

 

 

ACCO Brands International

 

EMEA, Australia/N.Z., and Asia

 

Artline®*, Buro®, Derwent®, Esselte®, Franken®, GBC®, Kensington®, Leitz®, Marbig®, NOBO®, PowerA®, Rapid®, Rexel® and Spirax®

*Australia/N.Z. only

 

Filing and organization products; workspace machines, tools and essentials; gaming and computer 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 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.

 

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.

 

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

 

 

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

 

 

Top Customers

 

Net sales to our five largest customers totaled $484.7 million, $532.9 million and $609.0 million for the years ended December 31, 2025, 2024 and 2023, respectively. For the year ended December 31, 2025, net sales to Amazon, our largest customer, were $158.1 million (10 percent). Except as disclosed, no other customer represented more than 10 percent of net sales in any of the last three years.

 

As of December 31, 2025 and 2024, our top five trade accounts receivable totaled $117.0 million and $116.3 million, respectively.
v3.25.4
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

19. Commitments and Contingencies

 

Brazil Tax Assessments

 

In connection with our May 1, 2012, acquisition of the Mead C&OP business, we assumed all of the tax liabilities for the acquired foreign operations including ACCO Brazil. In June 2025, we agreed with the Brazilian Treasury to settle the Brazil Tax Assessments pursuant to an amnesty program. For further information, see "Note 12. Income Taxes - Brazil Tax Assessments".

 

Pending Litigation

 

We are party to various lawsuits and regulatory proceedings, primarily related to alleged patent infringement, as well as other claims incidental to our business. In addition, we may be unaware of third-party claims of intellectual property infringement relating to our technology, brands, or products, and we may face other claims related to business operations. Any litigation regarding patents or other intellectual property could be costly and time-consuming and might require us to pay monetary damages or enter into costly license agreements. We also may be subject to injunctions against development and sale of certain of our products.

 

It is the opinion of management that the ultimate resolution of currently outstanding matters will not have a material adverse effect on our financial condition, results of operations, or cash flow. However, there is no assurance that we will ultimately be successful in our defense of any of these matters or that an adverse outcome in any matter will not affect our results of operations, financial condition, or cash flow. Further, future claims, lawsuits, and legal proceedings could materially and adversely affect our business, reputation, results of operations, and financial condition.

 

Unconditional Purchase Commitments

 

Future minimum payments under unconditional purchase commitments as of December 31, 2025 were as follows:

 

(in millions)

 

 

 

2026

 

$

107.0

 

2027

 

 

5.6

 

2028

 

 

4.3

 

2029 and thereafter

 

 

—

 

Total unconditional purchase commitments(1)

 

$

116.9

 

 

(1)
Unconditional purchase commitments primarily consist of non-cancelable purchase orders for raw materials and finished goods and contracts.
v3.25.4
Valuation and Qualifying Accounts and Reserves
 12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts and Reserves

Allowances for Doubtful Accounts

 

Changes in the allowances for doubtful accounts were as follows:

 

 

 

Year Ended December 31,

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2023

 

Balance at beginning of year

 

$

6.7

 

 

$

9.3

 

 

$

9.1

 

Additions charged to expense

 

 

3.6

 

 

 

0.7

 

 

 

1.3

 

Deductions - write offs

 

 

(3.9

)

 

 

(2.2

)

 

 

(1.6

)

Foreign exchange changes

 

 

0.5

 

 

 

(1.1

)

 

 

0.5

 

Balance at end of year

 

$

6.9

 

 

$

6.7

 

 

$

9.3

 

 

Allowances for Sales Discounts and Other Credits

 

Changes in the allowances for sales discounts and returns were as follows:

 

 

 

Year Ended December 31,

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2023

 

Balance at beginning of year

 

$

7.9

 

 

$

11.6

 

 

$

15.6

 

Additions charged to expense

 

 

8.7

 

 

 

5.2

 

 

 

8.1

 

Deductions

 

 

(6.7

)

 

 

(8.8

)

 

 

(11.8

)

Foreign exchange changes

 

 

—

 

 

 

(0.1

)

 

 

(0.3

)

Balance at end of year

 

$

9.9

 

 

$

7.9

 

 

$

11.6

 

 

Allowances for Cash Discounts

 

Changes in the allowances for cash discounts were as follows:

 

 

 

Year Ended December 31,

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2023

 

Balance at beginning of year

 

$

1.6

 

 

$

2.0

 

 

$

1.9

 

Additions charged to expense

 

 

17.2

 

 

 

18.4

 

 

 

20.7

 

Deductions - discounts taken

 

 

(17.0

)

 

 

(18.7

)

 

 

(20.7

)

Foreign exchange changes

 

 

—

 

 

 

(0.1

)

 

 

0.1

 

Balance at end of year

 

$

1.8

 

 

$

1.6

 

 

$

2.0

 

 

Warranty Reserves

 

Changes in the reserve for warranty claims were as follows:

 

 

 

Year Ended December 31,

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2023

 

Balance at beginning of year

 

$

4.9

 

 

$

6.0

 

 

$

6.4

 

Provision for warranties issued

 

 

2.6

 

 

 

2.8

 

 

 

3.8

 

Deductions - settlements made (in cash or in kind)

 

 

(3.5

)

 

 

(3.6

)

 

 

(4.5

)

Foreign exchange changes

 

 

0.5

 

 

 

(0.3

)

 

 

0.3

 

Balance at end of year

 

$

4.5

 

 

$

4.9

 

 

$

6.0

 

 

Income Tax Valuation Allowance

 

Changes in the deferred tax valuation allowances were as follows:

 

 

 

Year Ended December 31,

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2023

 

Balance at beginning of year

 

$

60.3

 

 

$

59.2

 

 

$

51.9

 

Net increase to valuation allowance - expense

 

 

3.3

 

 

 

2.4

 

 

 

5.4

 

Foreign exchange changes

 

 

4.3

 

 

 

(1.3

)

 

 

1.9

 

Balance at end of year

 

$

67.9

 

 

$

60.3

 

 

$

59.2

 

 

Valuation and qualifying accounts and reserves fluctuate with company operating performance.
v3.25.4
Significant Accounting Policies, Recent Accounting Pronouncements and Adopted Accounting Standards (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Consolidation policy

The consolidated financial statements include the accounts of ACCO Brands Corporation and its domestic and international subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates

Use of Estimates

 

Our financial statements are prepared in conformity with generally accepted accounting principles in the U.S. ("GAAP"). Preparation of our financial statements requires us to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses presented for each reporting period in the financial statements and the related accompanying notes. Actual results could differ significantly from those estimates. We regularly review our assumptions and estimates, which are based on historical experience and, where appropriate, current business trends.
Cash and Cash Equivalents

Cash and Cash Equivalents

 

Highly liquid investments with an original maturity of three months or less are included in cash and cash equivalents.
Accounts Receivable and Allowances for Sales/Pricing/Cash Discounts and Doubtful Accounts

Accounts Receivable and Allowances for Sales/Pricing/Cash Discounts and Doubtful Accounts

 

Trade receivables are recorded at the stated amount, less allowances for sales/pricing/cash discounts and doubtful accounts. The allowance for sales/pricing/cash discounts represents estimated uncollectible receivables associated with the products previously sold to customers and is recorded at the same time that the sales are recognized. The allowance is based on historical trends.

 

The allowance for doubtful accounts represents estimated uncollectible receivables associated with potential customer defaults on contractual obligations, usually due to a customer's potential insolvency. The allowance includes amounts for certain customers where a risk of default has been specifically identified. In addition, the allowance includes a provision for customer defaults on a general formulaic basis when it is determined the risk of some default is probable and estimable but cannot yet be associated with a specific customer. The assessment of the likelihood of customer defaults is based on various factors, including the length of time the receivables are past due, historical experience and existing economic conditions.

 

The allowances are recorded as reductions to "Net sales" and "Accounts receivable, net."
Inventories

Inventories

 

Inventories are priced at the lower of cost (principally first-in, first-out) or net realizable value. When necessary, the write-down of inventory to its net realizable value is recorded for obsolete or slow-moving inventory based on assumptions about future demand and marketability of products, the impact of new product introductions, and specific identification of items, such as product discontinuance or engineering/material changes. These estimates could vary significantly, either favorably or unfavorably, from actual requirements if future economic conditions, customer inventory levels or competitive conditions differ from our expectations.

Property, Plant and Equipment

Property, Plant and Equipment

 

Property, plant and equipment are carried at cost less accumulated depreciation, and depreciated principally on a straight-line basis, over the estimated useful lives of the assets. Gains or losses resulting from dispositions are included in operating income. Betterments and renewals, which improve and extend the life of an asset are capitalized; maintenance and repair costs are expensed. Purchased computer software is capitalized and amortized over the software’s useful life.

 

The following table shows estimated useful lives of property, plant and equipment:

Property, plant and equipment

 

Useful Life

Buildings

 

40 to 50 years

Leasehold improvements

 

Lesser of lease term or the life of the asset

Machinery, equipment and furniture

 

3 to 10 years

Computer software

 

5 to 10 years

 

We capitalize interest for major capital projects. Capitalized interest is added to the cost of the underlying assets and is depreciated over the useful lives of those assets. We did not capitalize any interest for the years ended December 31, 2025, 2024 and 2023.
Long-Lived Assets

Long-Lived Assets

 

We test long-lived assets for impairment whenever events or changes in circumstances indicate that the assets’ carrying amount may not be recoverable from its undiscounted future cash flow. When such events occur, we compare the sum of the undiscounted cash flow expected to result from the use and eventual disposition of the asset or asset group to the carrying amount of a long-lived asset or asset group. The cash flows are based on our best estimate at the time of future cash flow, derived from the most recent business projections. If this comparison indicates that there is an impairment, the amount of the impairment is typically calculated using discounted expected future cash flow. The discount rate applied to these cash flows is based on our weighted average cost of capital, computed by selecting market rates at the valuation dates for debt and equity that are reflective of the risks associated with an investment in our industry as estimated by using comparable publicly traded companies.

Identifiable Intangible Assets

Identifiable Intangible Assets

 

Identifiable intangible assets are comprised primarily of indefinite-lived and amortizable intangible assets acquired and arising from the application of purchase accounting. Indefinite-lived intangible assets are not amortized but are evaluated at least annually to determine whether the indefinite useful life is appropriate. Our ACCO® trade name has been assigned an indefinite life as we currently anticipate that this trade name will contribute cash flows to ACCO Brands indefinitely. Amortizable intangible assets are amortized over their useful lives which range from 5 years to 30 years.

 

We test indefinite-lived intangibles for impairment annually, during the second quarter, and during any interim period when market or business events indicate there may be a potential adverse impact on a particular intangible. The test may be on a qualitative or quantitative basis as allowed by GAAP. We consider the implications of both external factors (e.g., market growth, pricing, competition, and technology) and internal factors (e.g., product costs, margins, support expenses, and capital investment) and their potential impact on cash flows in both the near and long term, as well as their impact on any identifiable intangible asset associated with the business. Based on recent business results, consideration of significant external and internal factors, and the resulting business projections, indefinite-lived intangible assets are reviewed to determine whether they are likely to remain indefinite-lived, or whether a finite life is more appropriate. In addition, based on events in the period and future expectations, management considers whether the potential for impairment exists.
Goodwill

Goodwill

 

Goodwill has been recorded on our balance sheet and represents the excess of the cost of an acquisition when compared with the fair value of the net assets acquired. The authoritative guidance on goodwill and other intangible assets requires that goodwill be tested for impairment at a reporting unit level. We have determined that our reporting units are ACCO Brands Americas and ACCO Brands International.

 

We test goodwill for impairment at least annually, during the second quarter, or any interim period when market or business events indicate there may be a potential adverse impact on goodwill. As permitted by GAAP, we may perform a qualitative assessment to determine if it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform a quantitative goodwill impairment test as required by GAAP.

 

Estimating the fair value of each reporting unit requires us to make assumptions and estimates regarding our future. We utilized a combination of discounted cash flows and market approach. The financial projections used in the valuation models reflected management's assumptions regarding revenue growth rates, economic and market trends, cost structure, discount rate, and other expectations about the anticipated short-term and long-term operating results for each of our reporting units.

 

We believe the assumptions used in our goodwill impairment analysis are appropriate and result in reasonable estimates of the implied fair value of each reporting unit. However, given the economic environment and other uncertainties that can negatively impact on our business, there can be no assurance that our estimates and assumptions, made for purposes of our goodwill impairment testing, will prove to be an accurate prediction of the future. If our assumptions regarding future performance are not achieved, or if future events occur that adversely affect our enterprise value, we may be required to record additional goodwill impairment charges in future periods.
Employee Benefit Plans

Employee Benefit Plans

 

We provide a range of benefits to our employees and retired employees, including pension, post-retirement, post-employment, and health care benefits. We record annual amounts relating to these plans based on calculations specified by GAAP, which include various actuarial assumptions, including discount rates, assumed rates of return, mortality rate tables, compensation increases, turnover rates, and health care cost trends. Actuarial assumptions are reviewed on an annual basis and modifications to these assumptions are made based on current rates and trends when it is deemed appropriate. As required by GAAP, the effect of our modifications and unrecognized actuarial gains and losses are generally recorded to a separate component of accumulated other comprehensive income (loss) ("AOCI") in stockholders’ equity and amortized over future periods.

Income Taxes

Income Taxes

 

Deferred tax liabilities or assets are established for temporary differences between financial and tax reporting basis and are subsequently adjusted to reflect changes in tax rates expected to be in effect when the temporary differences reverse. A valuation allowance is recorded to reduce deferred tax assets to an amount that is more likely than not to be realized. Facts and circumstances may change and cause us to revise our conclusions regarding our ability to realize certain net operating losses and other deferred tax attributes.

 

The amount of income taxes that we pay is subject to ongoing audits by federal, state and foreign tax authorities. Our estimate of the potential outcome of any uncertain tax position is subject to management’s assessment of relevant risks, facts and circumstances existing at that time. We believe that we have adequately provided for reasonably foreseeable outcomes related to these matters. However, our future results may include favorable or unfavorable adjustments to our estimated tax liabilities in the period any assessments are received, revised or resolved.

 

As of December 31, 2025, the Company has recorded $3.6 million of deferred taxes on approximately $313.4 million of unremitted earnings of non-U.S. subsidiaries that may be remitted to the U.S. The Company has approximately $223.4 million of additional unremitted earnings of non-U.S. subsidiaries, which are indefinitely reinvested and for which no deferred taxes have been provided.

Revenue Recognition

Revenue Recognition

 

Revenue is recognized when control of the promised goods or services is transferred to our customers in an amount reflective of the consideration we expect to receive in exchange for those goods or services. Taxes we collect concurrent with revenue producing activities are excluded from revenue. Incidental items incurred that are immaterial in the context of the contract are expensed.

 

At the inception of each contract, the Company assesses the products and services promised and identifies each distinct performance obligation. To identify the performance obligations, the Company considers all products and services promised regardless of whether they are explicitly stated or implied within the contract or by standard business practices.

 

Products: For our products, we transfer control and recognize a sale primarily when we either ship the product from our manufacturing facility or distribution center, or upon delivery to a customer-specified location depending upon the terms in the customer agreement. In addition, we recognize revenue for private label products as the product is manufactured (or over time) when a contract has an enforceable right to payment. For consignment arrangements, revenue is not recognized until the products are sold to the end customer.

 

Customer Program Costs: Customer programs and incentives ("Customer Program Costs") are a common practice in our industry. We incur Customer Program Costs to obtain favorable product placement, to promote sell-through of products and to maintain competitive pricing. The amount of consideration we receive and revenue we recognize is impacted by Customer Program Costs, including sales rebates; in-store promotional allowances; shared media and customer catalog allowances; other cooperative advertising arrangements; freight allowance programs offered to our customers; and allowances for discounts. We recognize Customer Program Costs, primarily as a deduction to gross sales, at the time that the associated revenue is recognized. Customer Program Costs are based on management's best estimates using the most likely amount method and is an amount that is probable of not being reversed. In the absence of a signed contract, estimates are based on historical or projected experience for each program type or customer. We adjust our estimate of revenue when the most likely amount of consideration we expect to receive changes.

 

Service or Extended Maintenance Agreements ("EMAs"): Depending on the terms of the EMA, we may defer recognition of the consideration received for any unsatisfied obligations. We use an observable price to determine the stand-alone selling price for separate performance obligations or an estimated cost plus margin approach, for our separately priced service/maintenance agreements that extend mechanical and maintenance coverage beyond our base warranty coverage to our Print Finishing Solutions customers. These agreements range in duration from three to sixty months, however, most agreements are one year or less. We generally receive payment at inception of the EMAs and recognize revenue over the term of the agreement on a straight-line basis.

 

Shipping and Handling: Freight and distribution activities performed before the customer obtains control of the goods are not considered promised services under customer contracts and therefore are not distinct performance obligations. The Company has chosen to account for shipping and handling activities as a fulfillment activity, and therefore accrues the expense of freight and distribution in "Cost of products sold" when products are shipped.

 

We reflect all amounts billed to customers for shipping and handling in net sales and the costs we incurred for shipping and handling (including costs to ship and move product from the seller’s place of business to the buyer’s place of business, as well as costs to store, move and prepare products for shipment) in cost of products sold.

 

Reserve for Sales Returns: The reserve for sales returns represents estimated uncollectible receivables associated with the potential return of products previously sold to customers and is recorded at the same time that the sales are recognized. The reserve includes a general provision for product returns based on historical trends. In addition, the reserve includes amounts for currently authorized customer returns that are considered to be abnormal in comparison to the historical trends. We record the returns reserve, on a gross basis, as a reduction to "Net sales" and "Cost of products sold" with increases to "Other current liabilities" and "Inventories."
Cost of Products Sold

Cost of Products Sold

 

Cost of products sold includes all manufacturing, product sourcing and distribution costs, including depreciation related to assets used in the manufacturing, procurement and distribution process, allocation of certain information technology costs supporting those processes, inbound and outbound freight, shipping and handling costs, purchasing costs associated with materials and packaging used in the production processes, and inventory valuation adjustments.
Selling, General and Administrative Expenses

Selling, General and Administrative Expenses

 

Selling, general and administrative expenses ("SG&A") include advertising, marketing, and selling (including commissions) expenses, research and development, customer service, depreciation related to assets outside the manufacturing and distribution processes, and all other general and administrative expenses outside the manufacturing and distribution functions (e.g., finance, human resources, information technology, legal, and other corporate expenses).
Advertising Expenses

Advertising Expenses

 

Advertising expenses were $92.5 million, $99.3 million, and $102.7 million for the years ended December 31, 2025, 2024 and 2023, respectively. These costs primarily include, but are not limited to, cooperative advertising and promotional allowances as described in "Customer Program Costs" above and are principally expensed as incurred.
Warranty Reserves

Warranty Reserves

 

We offer our customers various warranty terms based on the type of product that is sold. Estimated future obligations related to products sold under these warranty terms are provided by charges to cost of products sold in the same period in which the related revenue is recognized.
Research and Development Expenses

Research and Development Expenses

 

Research and development expenses were $22.0 million, $23.0 million, and $25.8 million for the years ended December 31, 2025, 2024 and 2023, respectively, are classified as SG&A expenses and are charged to expense as incurred.
Stock-Based Compensation

Stock-Based Compensation

 

Our primary types of stock-based compensation provided for under our current incentive plan consist of stock options, restricted stock unit awards, and performance stock unit awards. Stock-based compensation cost is measured at the grant date, based on the fair value of the award, and is recognized as expense over the requisite service period. Where awards are made with non-substantive vesting periods (for example, where a portion of the award vests due to retirement eligibility), we estimate and recognize expense based on the period from the grant date to the date on which the employee is retirement eligible. The Company accounts for forfeitures as they occur.
Foreign Currency Translation

Foreign Currency Translation

 

Foreign currency balance sheet accounts are translated into U.S. dollars at the rates of exchange at the balance sheet date. Income and expenses are translated at the average rates of exchange in effect during the period. The related translation adjustments

are made directly to a separate component of AOCI in stockholders’ equity. Some transactions are made in currencies different from an entity’s functional currency; gains and losses on these foreign currency transactions are included in the income statement.
Derivatives Financial Instruments

Derivative Financial Instruments

 

We recognize all derivatives as either assets or liabilities on the balance sheet and record those instruments at fair value. If the derivative is designated as a fair value hedge and is effective, the changes in the fair value of the derivative and of the hedged item attributable to the hedged risk are recognized in earnings in the same period. If the derivative is designated as a cash flow hedge, the effective portions of changes in the fair value of the derivative are recorded in AOCI and are recognized in the Consolidated Statements of Income when the hedged item affects earnings. Ineffective portions of changes in the fair value of cash flow hedges are recognized in earnings.

 

Certain forecasted transactions, and assets and liabilities are exposed to foreign currency risk. We continually monitor our foreign currency exposures in order to maximize the overall effectiveness of our foreign currency hedge positions. Principal currencies hedged against the U.S. dollar include the Euro, Australian dollar, Canadian dollar, Swedish krona, British pound, and Japanese yen.
Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

In November 2024, the Financial Accounting Standards Board ("FASB") issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures, (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires a public entity to disaggregate certain expense captions into specified categories in disclosures within the footnotes to the financial statements. This ASU is effective for annual periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, with early adoption permitted. We are evaluating the effect this guidance will have on the notes to our consolidated financial statements.

 

There were no other recently issued accounting standards that are expected to have an impact on the Company’s financial condition, results of operations or cash flow.

 

Recently Adopted Accounting Standards

 

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the income tax disclosures to provide information to better assess how an entity’s operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. This ASU is effective for annual periods beginning after December 15, 2024. Effective in the fourth quarter of 2025, the Company adopted this standard. See "Note 12. Income Taxes" for further details.

 

There were no other accounting standards that were adopted in 2025, 2024 and 2023 that had a material effect on the Company’s financial condition, results of operations or cash flow.
Leases The Company determines if an arrangement is a lease at inception. Leases are included in "Right of use asset, leases" ("ROU Assets"), and the current portion of the lease liability is included in "Lease liabilities" and the non-current portion is included in "Long-term lease liabilities" in the Consolidated Balance Sheets. The Company currently has an immaterial amount of financing leases and leases with terms of more than one month and less than 12 months.

 

ROU Assets and Lease liabilities are recognized based on the present value of lease payments over the lease term. In determining the present value of leases, the Company uses its incremental collateralized borrowing rate, on a regional basis, due to the implicit rate of return is generally not readily determinable for our leases. The incremental borrowing rate is dependent upon the duration of the lease and has been segmented into three groups of time. All leases within the same region and the same group of time share the same incremental borrowing rate. The Company has lease agreements with lease and non-lease components, which are combined for accounting purposes for all classes of underlying assets except information technology equipment.
v3.25.4
Significant Accounting Policies, Recent Accounting Pronouncements and Adopted Accounting Standards (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Property, Plant and Equipment, Net

The following table shows estimated useful lives of property, plant and equipment:

Property, plant and equipment

 

Useful Life

Buildings

 

40 to 50 years

Leasehold improvements

 

Lesser of lease term or the life of the asset

Machinery, equipment and furniture

 

3 to 10 years

Computer software

 

5 to 10 years

The components of net property, plant and equipment were as follows:

 

 

 

December 31

 

(in millions)

 

2025

 

 

2024

 

Land and improvements

 

$

18.9

 

 

$

17.4

 

Buildings and improvements to leaseholds

 

 

124.5

 

 

 

115.4

 

Machinery and equipment

 

 

370.2

 

 

 

365.2

 

Construction in progress

 

 

14.8

 

 

 

7.5

 

 

 

528.4

 

 

 

505.5

 

Less: accumulated depreciation

 

 

(389.6

)

 

 

(368.0

)

Net property, plant and equipment (1)

 

$

138.8

 

 

$

137.5

 

 

(1)
Net property, plant and equipment as of December 31, 2025, and 2024 included $25.8 million and $29.4 million of computer software assets, respectively, which are classified within machinery and equipment and construction in progress. Depreciation expense for software was $13.7 million, $13.8 million, and $14.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.
v3.25.4
Long-term Debt and Short-term Borrowings (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Summary of Notes Payable and Long-Term Debt

Notes payable and long-term debt, listed in order of the priority of security interests in assets of the Company, consisted of the following as of December 31, 2025 and 2024:

 

(in millions)

 

December 31, 2025

 

 

December 31, 2024

 

Euro Senior Secured Term Loan A, due October 2029 (floating interest rate of 4.27% at December 31, 2025 and 4.68% at December 31, 2024)

 

$

101.3

 

 

$

127.9

 

Euro Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 4.27% at December 31, 2025 and 4.68% at December 31, 2024)

 

 

106.9

 

 

 

59.1

 

U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.06% at December 31, 2025 and 6.47% at December 31, 2024)

 

 

33.6

 

 

 

34.4

 

Australian Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.03% at December 31, 2025 and 6.44% at December 31, 2024)

 

 

24.1

 

 

 

32.8

 

Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%)

 

 

575.0

 

 

 

575.0

 

Other borrowings

 

 

—

 

 

 

10.5

 

Total debt

 

 

840.9

 

 

 

839.7

 

Less:

 

 

 

 

 

 

Current portion

 

 

30.8

 

 

 

51.3

 

Debt issuance costs, unamortized

 

 

4.1

 

 

 

5.1

 

Long-term debt, net

 

$

806.0

 

 

$

783.3

 
Schedule of Applicable Rate and Undrawn Fee Based on Company's Consolidated Leverage Ratio

The current pricing for borrowings under the Credit Agreement is as follows:

Consolidated Leverage Ratio

 

Applicable Rate on Euro/AUD/CDN Loans

 

Applicable Rate on Base Rate Loans

 

Undrawn Fee

> 4.25

 

2.25 %

 

1.25 %

 

0.375 %

> 3.5

 

2.00 %

 

1.00 %

 

0.350 %

> 2.5

 

1.75 %

 

0.75 %

 

0.300 %

≤ 2.5

 

1.50 %

 

0.50 %

 

0.250 %
Summary of Major Debt Components Including Principal Cash Payments and Interest Rates

The following table summarizes information about our major debt components as of December 31, 2025, including the principal cash payments and interest rates:

 

 

 

Stated Maturity Date

 

 

 

 

 

 

 

(in millions)

 

 

2026

 

 

 

2027

 

 

 

2028

 

 

 

2029

 

 

 

2030

 

 

Thereafter

 

 

Total

 

 

Fair Value

 

Long term debt:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed rate Senior Unsecured Notes, due March 2029

 

$

—

 

 

$

—

 

 

$

—

 

 

$

575.0

 

 

$

—

 

 

$

—

 

 

$

575.0

 

 

$

533.3

 

Fixed interest rate

 

 

 

 

 

 

 

 

 

 

 

4.25

 %

 

 

 

 

 

 

 

 

 

 

 

 

Euro Senior Secured Term Loan A, due October 2029

 

$

7.2

 

 

$

10.8

 

 

$

10.8

 

 

$

72.5

 

 

$

—

 

 

$

—

 

 

$

101.3

 

 

$

101.3

 

Euro Dollar Senior Secured Revolving Credit Facility, due October 2029

 

$

—

 

 

$

—

 

 

$

—

 

 

$

106.9

 

 

$

—

 

 

$

—

 

 

$

106.9

 

 

$

106.9

 

U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029

 

$

23.6

 

 

$

—

 

 

$

—

 

 

$

10.0

 

 

$

—

 

 

$

—

 

 

$

33.6

 

 

$

33.6

 

Australian Dollar Senior Secured Revolving Credit Facility, due October 2029

 

$

—

 

 

$

—

 

 

$

—

 

 

$

24.1

 

 

$

—

 

 

$

—

 

 

$

24.1

 

 

$

24.1

 

Average variable interest rate(1)

 

 

4.53

 %

 

 

4.54

 %

 

 

4.55

 %

 

 

4.55

 %

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)
Rates presented are as of December 31, 2025.
v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Components of Lease Expense and Other Information

The components of lease expense for the years ended December 31, 2025, 2024 and 2023, were as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Operating lease cost

 

$

29.0

 

 

$

29.0

 

 

$

28.6

 

Sublease income

 

 

(3.2

)

 

 

(3.1

)

 

 

(2.5

)

 Total lease cost

 

$

25.8

 

 

$

25.9

 

 

$

26.1

 

 

Other information related to leases for the years ended December 31, 2025 and 2024 was as follows:

 

 

 

Twelve Months Ended December 31,

 

(in millions, except lease term and discount rate)

 

2025

 

 

2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

29.9

 

 

$

27.9

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

Operating leases

 

$

15.1

 

 

$

19.5

 

 

 

 

 

 

 

Weighted average remaining lease term:

 

 

 

 

 

 

Operating leases

 

5.3 years

 

 

 

 

 

 

 

 

 

 

 

Weighted average discount rate:

 

 

 

 

 

 

Operating leases

 

 

5.3

 %

 

 

 
Schedule of Future Minimum Lease Payments, Net of Sublease Income

Future minimum lease payments, net of sub-lease income, for all non-cancelable leases as of December 31, 2025 were as follows:

 

(in millions)

 

Operating
Leases

 

2026

 

$

24.7

 

2027

 

 

20.1

 

2028

 

 

17.2

 

2029

 

 

13.5

 

2030

 

 

11.5

 

Thereafter

 

 

9.7

 

Total minimum lease payments

 

 

96.7

 

Less imputed interest

 

 

12.7

 

Future minimum payments for leases, net of sublease rental income and imputed interest

 

$

84.0

 
v3.25.4
Pension and Other Retiree Benefits (Tables)
 12 Months Ended
Dec. 31, 2025
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Amounts Recognized in Balance Sheet Net Funded Status

The following table sets forth our defined benefit pension and post-retirement plans funded status and the amounts recognized in our Consolidated Balance Sheets:

 

 

 

Pension

 

 

Post-retirement

 

 

 

U.S.

 

 

International

 

 

 

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2025

 

 

 

2024

 

 

 

2025

 

 

 

2024

 

Change in projected benefit obligation (PBO)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

 

$

150.5

 

 

$

162.6

 

 

$

396.5

 

 

$

467.4

 

 

$

3.6

 

 

$

3.3

 

Service cost

 

 

—

 

 

 

—

 

 

 

0.7

 

 

 

0.6

 

 

 

—

 

 

 

—

 

Interest cost

 

 

7.7

 

 

 

7.7

 

 

 

18.7

 

 

 

18.5

 

 

 

0.2

 

 

 

0.2

 

Actuarial loss (gain)

 

 

5.0

 

 

 

(9.1

)

 

 

(3.7

)

 

 

(34.4

)

 

 

0.1

 

 

 

0.5

 

Participants’ contributions

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

0.1

 

 

 

—

 

 

 

—

 

Benefits paid

 

 

(11.9

)

 

 

(10.7

)

 

 

(29.1

)

 

 

(27.7

)

 

 

(0.3

)

 

 

(0.3

)

Settlement

 

 

—

 

 

 

—

 

 

 

(0.2

)

 

 

(15.1

)

 

 

—

 

 

 

—

 

Foreign exchange rate changes

 

 

—

 

 

 

—

 

 

 

36.6

 

 

 

(12.9

)

 

 

0.1

 

 

 

(0.1

)

Projected benefit obligation at end of year

 

 

151.3

 

 

 

150.5

 

 

 

419.6

 

 

 

396.5

 

 

 

3.7

 

 

 

3.6

 

Change in plan assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of plan assets at beginning of year

 

 

145.4

 

 

 

145.5

 

 

 

282.9

 

 

 

324.9

 

 

 

—

 

 

 

—

 

Actual return on plan assets

 

 

16.3

 

 

 

7.6

 

 

 

13.0

 

 

 

(8.4

)

 

 

—

 

 

 

—

 

Employer contributions

 

 

1.9

 

 

 

3.0

 

 

 

15.1

 

 

 

14.5

 

 

 

0.3

 

 

 

0.3

 

Participants’ contributions

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

0.1

 

 

 

—

 

 

 

—

 

Benefits paid

 

 

(11.9

)

 

 

(10.7

)

 

 

(29.1

)

 

 

(27.7

)

 

 

(0.3

)

 

 

(0.3

)

Settlement

 

 

—

 

 

 

—

 

 

 

(0.2

)

 

 

(15.1

)

 

 

—

 

 

 

—

 

Foreign exchange rate changes

 

 

—

 

 

 

—

 

 

 

21.7

 

 

 

(5.4

)

 

 

—

 

 

 

—

 

Fair value of plan assets at end of year

 

 

151.7

 

 

 

145.4

 

 

 

303.5

 

 

 

282.9

 

 

 

—

 

 

 

—

 

Funded status (Fair value of plan assets less PBO)

 

$

0.4

 

 

$

(5.1

)

 

$

(116.1

)

 

$

(113.6

)

 

$

(3.7

)

 

$

(3.6

)

Amounts recognized in the Consolidated Balance Sheets consist of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other non-current assets

 

$

0.4

 

 

$

—

 

 

$

6.7

 

 

$

2.5

 

 

$

—

 

 

$

—

 

Other current liabilities

 

 

—

 

 

 

—

 

 

 

8.6

 

 

 

7.2

 

 

 

0.4

 

 

 

0.4

 

Pension and post-retirement benefit obligations

 

 

—

 

 

 

5.1

 

 

 

114.2

 

 

 

108.9

 

 

 

3.3

 

 

 

3.2

 

Components of accumulated other comprehensive income (loss), net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized actuarial loss (gain)

 

 

83.5

 

 

 

84.4

 

 

 

127.2

 

 

 

121.9

 

 

 

(2.1

)

 

 

(2.6

)

Unrecognized prior service cost

 

 

—

 

 

 

—

 

 

 

4.9

 

 

 

4.9

 

 

 

—

 

 

 

—

 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets

The following table sets out information for pension plans with an accumulated benefit obligation in excess of plan assets:

 

 

 

U.S.

 

 

International

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2025

 

 

 

2024

 

Accumulated benefit obligation(1)

 

$

—

 

 

$

150.5

 

 

$

125.9

 

 

$

116.8

 

Fair value of plan assets

 

 

—

 

 

 

145.4

 

 

 

3.2

 

 

 

4.0

 

 

(1)
The decrease in 2025 under the U.S. as compared to 2024 is the result of the ACCO U.S. plan ABO no longer being in excess of plan assets as of December 31, 2025, unlike the prior year.
Schedule of Defined Benefit Plan, Plan with Projected Benefit Obligations in Excess of Plan Assets

The following table sets out information for pension plans with a projected benefit obligation in excess of plan assets:

 

 

 

U.S.

 

 

International

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2025

 

 

 

2024

 

Projected benefit obligation

 

$

—

 

 

$

150.5

 

 

$

124.0

 

 

$

385.1

 

Fair value of plan assets

 

 

—

 

 

 

145.4

 

 

 

3.2

 

 

 

268.9

 
Components of Net Periodic Benefit (Income) Expense for Pension and Post-Retirement Plans

The components of net periodic benefit (income) cost for pension and post-retirement plans for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Year Ended December 31,

 

 

 

 

 

 

Pension

 

 

Post-retirement

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

 

 

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

 

2025

 

 

2024

 

 

2023

 

 

2025

 

 

2024

 

 

2023

 

Service cost

 

$

—

 

 

$

—

 

 

$

—

 

 

$

0.7

 

 

$

0.6

 

 

$

0.5

 

 

$

—

 

 

$

—

 

 

$

—

 

Interest cost

 

 

7.7

 

 

 

7.7

 

 

 

7.9

 

 

 

18.7

 

 

 

18.5

 

 

 

20.0

 

 

 

0.2

 

 

 

0.2

 

 

 

0.2

 

Expected return on plan assets

 

 

(12.7

)

 

 

(12.9

)

 

 

(12.0

)

 

 

(18.2

)

 

 

(19.6

)

 

 

(21.5

)

 

 

—

 

 

 

—

 

 

 

—

 

Amortization of net loss (gain)

 

 

2.4

 

 

 

2.5

 

 

 

2.2

 

 

 

4.5

 

 

 

5.4

 

 

 

4.2

 

 

 

(0.4

)

 

 

(0.6

)

 

 

(0.5

)

Amortization of prior service cost

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.3

 

 

 

0.3

 

 

 

0.3

 

 

 

—

 

 

 

—

 

 

 

—

 

Settlement (2)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.1

 

 

 

4.6

 

 

 

1.2

 

 

 

—

 

 

 

—

 

 

 

—

 

Net periodic benefit (income) cost (3)

 

$

(2.6

)

 

$

(2.7

)

 

$

(1.9

)

 

$

6.1

 

 

$

9.8

 

 

$

4.7

 

 

$

(0.2

)

 

$

(0.4

)

 

$

(0.3

)

 

(2)
Settlement amounts of $4.6 million in 2024 and $1.2 million in 2023 are primarily related to the wind-up of our Canadian Salaried and Hourly pension plans.
(3)
The components of net periodic benefit (income) cost, other than service cost, are included in the line "Non-operating pension expense (income)" in the Consolidated Statements of Income (Loss).
Schedule of Defined Benefit Plan Amounts Recognized in Accumulated Other Comprehensive Income (Loss)

Other changes in plan assets and benefit obligations that were recognized in accumulated other comprehensive income (loss) during the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Pension

 

 

Post-retirement

 

 

 

U.S.

 

 

International

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

2025

 

 

 

2024

 

 

 

2023

 

 

 

2025

 

 

 

2024

 

 

 

2023

 

 

 

2025

 

 

 

2024

 

 

 

2023

 

Current year actuarial (gain) loss

 

$

1.5

 

 

$

(3.8

)

 

$

1.6

 

 

$

1.5

 

 

$

(6.5

)

 

$

17.2

 

 

$

0.1

 

 

$

0.5

 

 

$

0.1

 

Amortization of actuarial (loss) gain

 

 

(2.4

)

 

 

(2.5

)

 

 

(2.2

)

 

 

(4.5

)

 

 

(9.9

)

 

 

(5.2

)

 

 

0.4

 

 

 

0.5

 

 

 

0.5

 

Amortization of prior service cost

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(0.3

)

 

 

(0.3

)

 

 

(0.3

)

 

 

—

 

 

 

—

 

 

 

—

 

Foreign exchange rate changes

 

 

—

 

 

 

—

 

 

 

—

 

 

 

8.6

 

 

 

(1.7

)

 

 

7.5

 

 

 

—

 

 

 

0.1

 

 

 

(0.1

)

Total recognized in other comprehensive (loss) income

 

 

(0.9

)

 

 

(6.3

)

 

 

(0.6

)

 

 

5.3

 

 

 

(18.4

)

 

 

19.2

 

 

 

0.5

 

 

 

1.1

 

 

 

0.5

 

Total recognized in net periodic benefit (income) cost and other comprehensive (loss) income

 

$

(3.5

)

 

$

(9.0

)

 

$

(2.5

)

 

$

11.4

 

 

$

(8.6

)

 

$

23.9

 

 

$

0.3

 

 

$

0.7

 

 

$

0.2

 

 
Schedule of Assumptions Used

The weighted average assumptions used to determine benefit obligations for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Pension

 

Post-retirement

 

 

U.S.

 

International

 

 

 

 

2025

 

2024

 

2023

 

2025

 

2024

 

2023

 

2025

 

2024

 

2023

Discount rate

 

5.4 %

 

5.7 %

 

5.0 %

 

5.0 %

 

4.8 %

 

4.2 %

 

5.4 %

 

5.2 %

 

4.8 %

Rate of compensation increase

 

N/A

 

N/A

 

N/A

 

2.8 %

 

3.0 %

 

2.9 %

 

N/A

 

N/A

 

N/A

 

The weighted average assumptions used to determine net periodic benefit (income) cost for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Pension

 

Post-retirement

 

 

U.S.

 

International

 

 

 

 

2025

 

2024

 

2023

 

2025

 

2024

 

2023

 

2025

 

2024

 

2023

Discount rate - benefit obligation

 

5.7 %

 

5.0 %

 

5.1 %

 

4.8 %

 

4.2 %

 

4.5 %

 

5.2 %

 

4.8 %

 

5.0 %

Discount rate - service cost

 

N/A

 

N/A

 

N/A

 

4.1 %

 

4.2 %

 

4.1 %

 

5.4 %

 

5.0 %

 

5.1 %

Discount rate - interest cost

 

5.4 %

 

4.9 %

 

5.1 %

 

4.7 %

 

4.2 %

 

4.6 %

 

5.1 %

 

4.8 %

 

5.0 %

Expected long-term rate of return

 

8.0 %

 

8.0 %

 

7.5 %

 

6.3 %

 

6.2 %

 

6.9 %

 

N/A

 

N/A

 

N/A

Rate of compensation increase

 

N/A

 

N/A

 

N/A

 

3.0 %

 

2.9 %

 

3.0 %

 

N/A

 

N/A

 

N/A

 

The weighted average health care cost trend rates used to determine post-retirement benefit obligations and net periodic benefit (income) cost as of December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Post-retirement

 

 

2025

 

2024

 

2023

Health care cost trend rate assumed for next year

 

9 %

 

10 %

 

9 %

Rate that the cost trend rate is assumed to decline (the ultimate trend rate)

 

8 %

 

8 %

 

7 %

Year that the rate reaches the ultimate trend rate

 

2031

 

2031

 

2031
Schedule of Allocation of Plan Assets

Our pension plan weighted average asset allocations as of December 31, 2025 and 2024 were as follows:

 

 

2025

2024

 

U.S.

International

U.S.

International

Asset category

 

 

 

 

Equity securities

34 %

4 %

34 %

6 %

Fixed income

60 %

68 %

59 %

59 %

Real estate

2 %

— %

4 %

2 %

Other(4)

4 %

28 %

3 %

33 %

Total

100 %

100 %

100 %

100 %

 

(4)
Multi-strategy hedge funds, commodity linked funds, private equity funds, and cash and cash equivalents for certain of our plans.
Schedule of Expected Benefit Payments

The following table presents estimated future benefit payments to participants for the next ten fiscal years:

 

(in millions)

 

Pension Benefits

 

 

Post-retirement Benefits

 

2026

 

$

43.8

 

 

$

0.4

 

2027

 

 

42.9

 

 

 

0.4

 

2028

 

 

43.6

 

 

 

0.4

 

2029

 

 

44.0

 

 

 

0.4

 

2030

 

 

44.5

 

 

 

0.4

 

Years 2031 - 2035

 

 

228.2

 

 

 

1.6

 
Schedule of Multi-employer Plans Details regarding the plan are outlined in the table below.

 

 

 

EIN/Pension Plan

 

Pension Protection Act Zone Status

 

FIP/RP Status Pending

 

Contributions Year Ended December 31,

 

Surcharge

 

Expiration Date of Collective-Bargaining

Pension Fund

 

Number

 

2025

 

2024

 

Implemented

 

2025

 

2024

 

2023

 

Imposed

 

Agreement

PACE Industry Union-Management Pension Fund

 

11-6166763 / 001

 

Red

 

Red

 

Implemented

 

$0.1

 

$0.1

 

$0.1

 

Yes

 

6/30/2028
U.S.  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Allocation of Plan Assets

U.S. Pension Plan Assets

 

The fair value measurements of our U.S. pension plan assets by asset category as of December 31, 2025 were as follows:

 

 

 

Quoted Prices in Active Markets for Identical Assets

 

 

Significant Other Observable Inputs

 

 

Significant Unobservable Inputs

 

 

Fair Value as of

 

(in millions)

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

December 31, 2025

 

Mutual funds

 

$

115.4

 

 

$

—

 

 

$

—

 

 

$

115.4

 

Exchange traded funds

 

 

17.6

 

 

 

—

 

 

 

—

 

 

 

17.6

 

Common collective trust funds

 

 

—

 

 

 

1.2

 

 

 

—

 

 

 

1.2

 

Investments measured at net asset value(5)

 

 

 

 

 

 

 

 

 

 

 

 

Common collective trust funds

 

 

—

 

 

 

—

 

 

 

—

 

 

 

17.5

 

Total

 

$

133.0

 

 

$

1.2

 

 

$

—

 

 

$

151.7

 

 

(5)
Certain investments that are measured at fair value using the net asset value per share practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the table that presents our defined benefit pension and post-retirement plans funded status.

 

The fair value measurements of our U.S. pension plan assets by asset category as of December 31, 2024 were as follows:

 

 

 

Quoted Prices in Active Markets for Identical Assets

 

 

Significant Other Observable Inputs

 

 

Significant Unobservable Inputs

 

 

Fair Value as of

 

(in millions)

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

December 31, 2024

 

Mutual funds

 

$

110.9

 

 

$

—

 

 

$

—

 

 

$

110.9

 

Exchange traded funds

 

 

33.1

 

 

 

—

 

 

 

—

 

 

 

33.1

 

Common collective trust funds

 

 

—

 

 

 

1.4

 

 

 

—

 

 

 

1.4

 

Total

 

$

144.0

 

 

$

1.4

 

 

$

—

 

 

$

145.4

 
International  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Allocation of Plan Assets

International Pension Plans Assets

 

The fair value measurements of our international pension plans assets by asset category as of December 31, 2025 were as follows:

 

 

 

Quoted Prices in Active Markets for Identical Assets

 

 

Significant Other Observable Inputs

 

 

Significant Unobservable Inputs

 

 

Fair Value as of

 

(in millions)

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

December 31, 2025

 

Cash and cash equivalents

 

$

4.2

 

 

$

—

 

 

$

—

 

 

$

4.2

 

Equity securities

 

 

13.3

 

 

 

—

 

 

 

—

 

 

 

13.3

 

Corporate debt securities

 

 

—

 

 

 

86.6

 

 

 

—

 

 

 

86.6

 

Multi-strategy hedge funds

 

 

—

 

 

 

29.3

 

 

 

—

 

 

 

29.3

 

Insurance contracts

 

 

—

 

 

 

5.1

 

 

 

—

 

 

 

5.1

 

Government debt securities

 

 

—

 

 

 

110.0

 

 

 

—

 

 

 

110.0

 

Investments measured at net asset value(5)

 

 

 

 

 

 

 

 

 

 

 

 

Multi-strategy hedge funds

 

 

 

 

 

 

 

 

 

 

 

18.3

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

1.3

 

Corporate debt securities

 

 

 

 

 

 

 

 

 

 

 

9.0

 

Private equity

 

 

 

 

 

 

 

 

 

 

 

26.4

 

Total

 

$

17.5

 

 

$

231.0

 

 

$

—

 

 

$

303.5

 

 

The fair value measurements of our international pension plans assets by asset category as of December 31, 2024 were as follows:

 

 

 

Quoted Prices in Active Markets for Identical Assets

 

 

Significant Other Observable Inputs

 

 

Significant Unobservable Inputs

 

 

Fair Value as of

 

(in millions)

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

December 31, 2024

 

Cash and cash equivalents

 

$

3.1

 

 

$

—

 

 

$

—

 

 

$

3.1

 

Equity securities

 

 

17.4

 

 

 

—

 

 

 

—

 

 

 

17.4

 

Corporate debt securities

 

 

—

 

 

 

62.0

 

 

 

—

 

 

 

62.0

 

Multi-strategy hedge funds

 

 

—

 

 

 

33.7

 

 

 

—

 

 

 

33.7

 

Insurance contracts

 

 

—

 

 

 

4.2

 

 

 

—

 

 

 

4.2

 

Real estate

 

 

—

 

 

 

0.8

 

 

 

—

 

 

 

0.8

 

Government debt securities

 

 

—

 

 

 

105.5

 

 

 

—

 

 

 

105.5

 

Investments measured at net asset value(5)

 

 

 

 

 

 

 

 

 

 

 

 

Multi-strategy hedge funds

 

 

 

 

 

 

 

 

 

 

 

29.2

 

Real estate

 

 

 

 

 

 

 

 

 

 

 

4.3

 

Private equity

 

 

 

 

 

 

 

 

 

 

 

22.7

 

Total

 

$

20.5

 

 

$

206.2

 

 

$

—

 

 

$

282.9

 
v3.25.4
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes the impact of all stock-based compensation expense on our Consolidated Statements of Income (Loss) for the years ended December 31, 2025, 2024 and 2023:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Selling, general and administrative expense

 

$

11.5

 

 

$

11.9

 

 

$

14.8

 

Income (loss) before income tax

 

 

(11.5

)

 

 

(11.9

)

 

 

(14.8

)

Income tax expense

 

 

(2.6

)

 

 

(2.9

)

 

 

(3.4

)

Net loss

 

$

(8.9

)

 

$

(9.0

)

 

$

(11.4

)
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

Stock-based compensation expense by award type for the years ended December 31, 2025, 2024 and 2023 was as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Stock option compensation expense

 

$

0.1

 

 

$

0.5

 

 

$

2.7

 

RSU compensation expense

 

 

8.3

 

 

 

7.5

 

 

 

6.4

 

PSU compensation expense

 

 

3.1

 

 

 

3.9

 

 

 

5.7

 

Total stock-based compensation expense

 

$

11.5

 

 

$

11.9

 

 

$

14.8

 

 
Summary of Changes in Stock Options Outstanding

A summary of the changes in stock options outstanding under the Plan during the year ended December 31, 2025 is presented below:

 

 

 

Number
Outstanding

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term

 

Aggregate
Intrinsic
Value

Outstanding at December 31, 2024

 

 

5,711,296

 

 

$

8.94

 

 

 

 

 

Forfeited/Expired

 

 

(683,108

)

 

$

12.34

 

 

 

 

 

Outstanding at December 31, 2025

 

 

5,028,188

 

 

$

8.48

 

 

4.2 years

 

zero

Exercisable shares at December 31, 2025

 

 

5,028,188

 

 

$

8.48

 

 

4.2 years

 

zero
Summary of Changes in RSUs Outstanding

A summary of the changes in the RSUs outstanding under the Plan during 2025 is presented below:

 

 

 

Stock
Units

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at December 31, 2024

 

 

4,241,889

 

 

$

6.06

 

Granted

 

 

1,561,115

 

 

$

4.62

 

Vested and distributed

 

 

(456,340

)

 

$

8.31

 

Forfeited and cancelled

 

 

(50,604

)

 

$

5.19

 

Outstanding at December 31, 2025

 

 

5,296,060

 

 

$

5.45

 

Vested and deferred at December 31, 2025(1)

 

 

955,543

 

 

$

7.28

 

 

(1)
Included in outstanding at December 31, 2025. Vested and deferred RSUs are primarily related to deferred compensation for non-employee directors.
Summary of Changes in PSUs Outstanding

A summary of the changes in the PSUs outstanding under the Plan during 2025 is presented below:

 

 

 

Stock
Units

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at December 31, 2024

 

 

3,546,242

 

 

$

5.81

 

Granted

 

 

1,746,912

 

 

$

4.68

 

Vested and distributed

 

 

(103,609

)

 

$

8.87

 

Forfeited and cancelled

 

 

(193,234

)

 

$

7.57

 

Other - decrease due to performance of PSUs

 

 

(577,991

)

 

$

4.68

 

Outstanding at December 31, 2025

 

 

4,418,320

 

 

$

5.10

 
v3.25.4
Inventories (Tables)
 12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
Components of Inventories The components of inventories were as follows:

(in millions)

 

December 31,
2025

 

 

December 31,
2024

 

Raw materials

 

$

46.3

 

 

$

35.9

 

Work in process

 

 

3.7

 

 

 

3.3

 

Finished goods

 

 

239.1

 

 

 

231.2

 

Total inventories

 

$

289.1

 

 

$

270.4

 
v3.25.4
Property, Plant and Equipment (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net

The following table shows estimated useful lives of property, plant and equipment:

Property, plant and equipment

 

Useful Life

Buildings

 

40 to 50 years

Leasehold improvements

 

Lesser of lease term or the life of the asset

Machinery, equipment and furniture

 

3 to 10 years

Computer software

 

5 to 10 years

The components of net property, plant and equipment were as follows:

 

 

 

December 31

 

(in millions)

 

2025

 

 

2024

 

Land and improvements

 

$

18.9

 

 

$

17.4

 

Buildings and improvements to leaseholds

 

 

124.5

 

 

 

115.4

 

Machinery and equipment

 

 

370.2

 

 

 

365.2

 

Construction in progress

 

 

14.8

 

 

 

7.5

 

 

 

528.4

 

 

 

505.5

 

Less: accumulated depreciation

 

 

(389.6

)

 

 

(368.0

)

Net property, plant and equipment (1)

 

$

138.8

 

 

$

137.5

 

 

(1)
Net property, plant and equipment as of December 31, 2025, and 2024 included $25.8 million and $29.4 million of computer software assets, respectively, which are classified within machinery and equipment and construction in progress. Depreciation expense for software was $13.7 million, $13.8 million, and $14.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.
v3.25.4
Goodwill and Identifiable Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Finite-Lived Intangible Assets [Line Items]  
Changes in Net Carrying Amount of Goodwill by Segment

Changes in the net carrying amount of goodwill by segment were as follows:

(in millions)

 

ACCO Brands Americas

 

 

ACCO Brands International

 

 

Total

 

Balance at December 31, 2023

 

$

383.6

 

 

$

206.4

 

 

$

590.0

 

Goodwill impairment

 

 

(127.5

)

 

 

—

 

 

 

(127.5

)

Foreign currency translation

 

 

(2.8

)

 

 

(13.3

)

 

 

(16.1

)

Balance at December 31, 2024

 

$

253.3

 

 

$

193.1

 

 

$

446.4

 

Acquisitions(1)

 

 

—

 

 

 

4.2

 

 

 

4.2

 

Foreign currency translation

 

 

1.4

 

 

 

26.5

 

 

 

27.9

 

Balance at December 31, 2025

 

$

254.7

 

 

$

223.8

 

 

$

478.5

 

 

(1)
Represents goodwill from the Buro Acquisition.
Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets

The Company's gross carrying value and accumulated amortization by class of identifiable intangible assets as of December 31, 2025 and 2024 were as follows:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

(in millions)

 

Gross Carrying Amounts

 

 

Accumulated Amortization

 

 

Net Book Value

 

 

Gross Carrying Amounts

 

 

Accumulated Amortization

 

 

Net Book Value

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name(2)

 

$

101.2

 

 

$

(44.5

)

 

$

56.7

 

 

$

101.2

 

 

$

(44.5

)

 

$

56.7

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

658.9

 

 

 

(185.7

)

 

 

473.2

 

 

 

627.5

 

 

 

(157.5

)

 

 

470.0

 

Customer and contractual relationships

 

 

371.8

 

 

 

(260.4

)

 

 

111.4

 

 

 

350.7

 

 

 

(230.0

)

 

 

120.7

 

Vendor relationships

 

 

82.4

 

 

 

(27.7

)

 

 

54.7

 

 

 

82.4

 

 

 

(22.2

)

 

 

60.2

 

Patents

 

 

8.2

 

 

 

(7.3

)

 

 

0.9

 

 

 

7.8

 

 

 

(5.8

)

 

 

2.0

 

Subtotal

 

 

1,121.3

 

 

 

(481.1

)

 

 

640.2

 

 

 

1,068.4

 

 

 

(415.5

)

 

 

652.9

 

Total identifiable intangibles

 

$

1,222.5

 

 

$

(525.6

)

 

$

696.9

 

 

$

1,169.6

 

 

$

(460.0

)

 

$

709.6

 

 

(2)
Accumulated amortization prior to the adoption of authoritative guidance on goodwill and other intangible assets, at which time further amortization ceased.
Estimated Amortization Expense for Future Periods

Estimated amortization expense for amortizable intangible assets for the next five years is as follows:

(in millions)

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

Estimated amortization expense(3)

 

$

44.8

 

 

$

42.3

 

 

$

40.1

 

 

$

38.3

 

 

$

37.3

 

 

(3)
Actual amounts of amortization expense may differ from estimated amounts due to changes in foreign currency exchange rates, additional intangible asset acquisitions, impairment of intangible assets, accelerated amortization of intangible assets, and other events.
Buro  
Finite-Lived Intangible Assets [Line Items]  
Schedule of Acquired Identifiable Intangible Assets

The allocation of the identifiable intangibles acquired in the Buro Acquisition was as follows:

 

(in millions)

 

Fair Value

 

 

Remaining
Useful Life

Trade name

 

$

1.9

 

 

20 years

Customer relationships

 

 

3.9

 

 

9 years

Total identifiable intangibles acquired

 

$

5.8

 

 

 
v3.25.4
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

 

 
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income (Loss) before Income Tax, Domestic and Foreign

The components of income (loss) before income tax for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Domestic operations

 

$

(25.7

)

 

$

(173.0

)

 

$

(124.8

)

Foreign operations

 

 

74.8

 

 

 

85.7

 

 

 

111.7

 

Total

 

$

49.1

 

 

$

(87.3

)

 

$

(13.1

)
Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of income taxes computed at the U.S. federal statutory income tax rate of 21 percent to our effective income tax rate for the years ended December 31, 2025, 2024 and 2023 was as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Income tax at U.S. statutory rate; 21%

 

$

10.3

 

 

$

(18.3

)

 

$

(2.7

)

Unrecognized tax (benefits) expense

 

 

(1.9

)

 

 

(2.8

)

 

 

1.0

 

Statutory tax rate changes

 

 

4.5

 

 

 

—

 

 

 

0.4

 

Statutory tax law changes

 

 

—

 

 

 

—

 

 

 

(3.6

)

State, local and other tax, net of federal benefit

 

 

(1.5

)

 

 

(2.0

)

 

 

(1.3

)

Impact from foreign inclusions

 

 

4.9

 

 

 

0.6

 

 

 

(0.7

)

U.S. effect of foreign dividends and withholding taxes

 

 

5.0

 

 

 

4.1

 

 

 

3.9

 

Foreign income tax rate differential

 

 

(0.9

)

 

 

4.3

 

 

 

4.2

 

Global Minimum Tax

 

 

1.1

 

 

 

—

 

 

 

—

 

Brazilian Tax Assessments impact

 

 

(12.4

)

 

 

(1.6

)

 

 

(13.3

)

Increase in valuation allowance

 

 

3.2

 

 

 

2.4

 

 

 

5.4

 

General business credit

 

 

(0.5

)

 

 

(0.4

)

 

 

(2.2

)

Excess expense from stock-based compensation

 

 

1.0

 

 

 

1.3

 

 

 

0.6

 

Impairment of non-deductible goodwill

 

 

—

 

 

 

26.8

 

 

 

18.8

 

Loss on derivatives

 

 

(2.3

)

 

 

—

 

 

 

—

 

Prior period tax return adjustment

 

 

(1.3

)

 

 

0.1

 

 

 

(1.0

)

Other decrease

 

 

(1.4

)

 

 

(0.2

)

 

 

(0.8

)

Income taxes as reported

 

$

7.8

 

 

$

14.3

 

 

$

8.7

 

Effective tax rate

 

 

15.9

 %

 

 

(16.4

)%

 

 

(66.4

)%

 

Under ASU 2023-09 for which the Company is adopting on a prospective basis, the reconciliation of income taxes computed at the U.S. federal statutory income tax rate of 21 percent to our effective income tax rate for the year ended December 31, 2025 was as follows:

 

 

 

2025

 

(in millions)

 

Value

 

 

Percent

 

Income tax at U.S. statutory rate; 21%

 

$

10.3

 

 

 

21.0

 %

Domestic federal income taxes, net of prior period tax return adjustments

 

 

 

 

 

 

Tax credits, net of prior period tax return adjustments

 

 

 

 

 

 

Current year foreign tax credit carried forward

 

 

(2.2

)

 

 

(4.5

)%

Other

 

 

(0.3

)

 

 

(0.6

)%

Nontaxable and nondeductible items

 

 

 

 

 

 

Other

 

 

0.3

 

 

 

0.6

 %

Effect of cross-border tax laws, net of prior tax return adjustments

 

 

 

 

 

 

Global intangible low-taxed income, net of current year foreign tax credits

 

 

(2.3

)

 

 

(4.7

)%

Subpart F, net of current year foreign tax credits

 

 

7.6

 

 

 

15.5

 %

Loss on derivatives

 

 

(2.3

)

 

 

(4.7

)%

Other

 

 

(0.3

)

 

 

(0.6

)%

Other adjustments

 

 

 

 

 

 

Excess expense from stock-based compensation

 

 

1.0

 

 

 

2.1

 %

Other

 

 

0.1

 

 

 

0.2

 %

Domestic state and local income taxes, net of federal benefit and prior period tax return adjustments(1)

 

 

(1.5

)

 

 

(3.1

)%

Foreign tax effects, net of prior period tax return adjustments

 

 

 

 

 

 

Australia

 

 

 

 

 

 

Foreign income tax rate differential

 

 

0.9

 

 

 

1.8

 %

Brazil

 

 

 

 

 

 

Interest on net equity

 

 

(2.7

)

 

 

(5.5

)%

Withholding tax

 

 

2.0

 

 

 

4.1

 %

Foreign income tax rate differential

 

 

0.8

 

 

 

1.6

 %

Other

 

 

(0.2

)

 

 

(0.4

)%

Canada

 

 

 

 

 

 

Withholding tax

 

 

2.7

 

 

 

5.5

 %

China

 

 

 

 

 

 

Change in valuation allowance

 

 

1.2

 

 

 

2.4

 %

Other

 

 

(0.1

)

 

 

(0.2

)%

Germany

 

 

 

 

 

 

Foreign income tax rate differential

 

 

(0.8

)

 

 

(1.6

)%

Trade tax

 

 

2.2

 

 

 

4.5

 %

Tax rate change

 

 

4.6

 

 

 

9.4

 %

Mexico

 

 

0.6

 

 

 

1.2

 %

Netherlands

 

 

 

 

 

 

Foreign income tax rate differential

 

 

(0.8

)

 

 

1.6

 %

Other

 

 

0.1

 

 

 

0.2

 %

Sweden

 

 

0.5

 

 

 

1.0

 %

United Kingdom

 

 

 

 

 

 

Foreign income tax rate differential

 

 

(3.9

)

 

 

(7.9

)%

Global Minimum Tax

 

 

1.1

 

 

 

2.2

 %

Change in valuation allowance

 

 

1.2

 

 

 

2.4

 %

Other foreign jurisdictions

 

 

2.2

 

 

 

4.5

 %

Worldwide changes in unrecognized tax benefits

 

 

(14.2

)

 

 

(28.9

)%

Income taxes as reported

 

$

7.8

 

 

 

15.9

 %

 

(1)
In 2025, state and local income taxes in California, Illinois, Indiana, Mississippi, New Jersey, New York, and Pennsylvania comprise the majority of the domestic state and local income taxes, net of federal effect category.
Schedule of Components of Income Tax Expense (Benefit)

The components of the income tax expense for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Current expense

 

 

 

 

 

 

 

 

 

Federal and other

 

$

(0.2

)

 

$

(3.2

)

 

$

0.2

 

Foreign

 

 

11.5

 

 

 

24.4

 

 

 

28.6

 

Total current income tax expense

 

 

11.3

 

 

 

21.2

 

 

 

28.8

 

Deferred expense (benefit)

 

 

 

 

 

 

 

 

 

Federal and other

 

$

(5.6

)

 

$

(7.0

)

 

$

(16.7

)

Foreign

 

 

2.1

 

 

 

0.1

 

 

 

(3.4

)

Total deferred income tax (benefit) expense

 

 

(3.5

)

 

 

(6.9

)

 

 

(20.1

)

Total income tax expense

 

$

7.8

 

 

$

14.3

 

 

$

8.7

 
Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets (liabilities) as of December 31, 2025 and 2024 were as follows:

 

(in millions)

 

2025

 

 

2024

 

Deferred tax assets

 

 

 

 

 

 

Compensation and benefits

 

$

19.3

 

 

$

20.3

 

Pension

 

 

8.7

 

 

 

14.4

 

Inventory

 

 

7.9

 

 

 

8.1

 

Other reserves

 

 

11.5

 

 

 

13.9

 

Accounts receivable

 

 

5.7

 

 

 

5.1

 

Foreign tax credit carryforwards

 

 

9.4

 

 

 

6.8

 

Net operating loss carryforwards

 

 

84.9

 

 

 

74.8

 

Interest expense carryforwards

 

 

43.3

 

 

 

34.1

 

Section 174 capitalization

 

 

15.1

 

 

 

16.1

 

General business tax credit carryforwards

 

 

2.2

 

 

 

1.8

 

Depreciation

 

 

2.1

 

 

 

—

 

Other

 

 

0.6

 

 

 

2.1

 

Gross deferred income tax assets

 

 

210.7

 

 

 

197.5

 

Valuation allowance

 

 

(67.9

)

 

 

(60.3

)

Net deferred tax assets

 

 

142.8

 

 

 

137.2

 

Deferred tax liabilities

 

 

 

 

 

 

Depreciation

 

 

—

 

 

 

(3.8

)

Unremitted non-U.S. earnings accrual

 

 

(3.6

)

 

 

(4.1

)

Identifiable intangibles

 

 

(155.2

)

 

 

(151.9

)

Gross deferred tax liabilities

 

 

(158.8

)

 

 

(159.8

)

Net deferred tax liabilities

 

$

(16.0

)

 

$

(22.6

)
Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2025, 2024 and 2023 was as follows:

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Balance at beginning of year

 

$

20.7

 

 

$

28.0

 

 

$

39.1

 

Additions for tax positions of prior years

 

 

0.5

 

 

 

3.5

 

 

 

3.6

 

Reductions for tax positions of prior years

 

 

(22.1

)

 

 

(5.6

)

 

 

(17.7

)

Increase (decrease) resulting from foreign currency translation

 

 

2.1

 

 

 

(5.2

)

 

 

3.0

 

Balance at end of year

 

$

1.2

 

 

$

20.7

 

 

$

28.0

 
Summary of Reconciliation of Cash Income Taxes Paid

Under ASU 2023-09 for which the Company is adopting on a prospective basis, the reconciliation of cash income taxes paid for the year ended December 31, 2025 was as follows:

 

(in millions)

 

2025

 

U.S. federal

 

$

6.2

 

U.S. state and local

 

 

(0.1

)

Foreign

 

 

 

Brazil

 

$

11.2

 

Canada

 

 

1.9

 

Mexico

 

 

2.0

 

Spain

 

 

1.9

 

Germany

 

 

3.0

 

United Kingdom

 

 

1.9

 

Other

 

 

7.7

 

Total foreign tax payments

 

 

29.6

 

Total income tax payments (net of refunds)

 

$

35.7

 
v3.25.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Summary of Weighted-Average Number of Shares Outstanding

Our weighted-average shares outstanding for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Year Ended December 31,

 

(in millions except per share data)

 

2025

 

 

2024

 

 

2023

 

Net income (loss)

 

$

41.3

 

 

$

(101.6

)

 

$

(21.8

)

Determination of shares:

 

 

 

 

 

 

 

 

 

Weighted-average number of common shares outstanding

 

 

92.1

 

 

 

95.6

 

 

 

95.3

 

Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price

 

 

1.9

 

 

 

—

 

 

 

—

 

Average common shares outstanding for fully diluted computation(1)

 

 

94.0

 

 

 

95.6

 

 

 

95.3

 

 

 

 

 

 

 

 

 

 

 

Per share:

 

 

 

 

 

 

 

 

 

Basic income (loss) per share

 

$

0.45

 

 

$

(1.06

)

 

$

(0.23

)

Diluted income (loss) per share

 

$

0.44

 

 

$

(1.06

)

 

$

(0.23

)

Shares outstanding as of December 31,

 

 

90.1

 

 

 

92.9

 

 

 

94.9

 

 

(1)
Due to the net loss during the twelve months ended December 31, 2024 and 2023, diluted earnings per share are the same as basic earnings per share.
v3.25.4
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the fair value of our derivative financial instruments as of December 31, 2025, and 2024:

 

 

 

Fair Value of Derivative Instruments

 

 

 

Derivative Assets

 

 

Derivative Liabilities

 

(in millions)

 

Balance Sheet Location

 

December 31,
2025

 

 

December 31,
2024

 

 

Balance Sheet Location

 

December 31,
2025

 

 

December 31,
2024

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

Other current assets

 

$

0.3

 

 

$

4.0

 

 

Other current liabilities

 

$

1.2

 

 

$

—

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

Other current assets

 

 

0.3

 

 

 

0.3

 

 

Other current liabilities

 

 

—

 

 

 

0.3

 

Foreign exchange contracts

 

Other non-current assets

 

 

—

 

 

 

9.0

 

 

Other non-current liabilities

 

 

—

 

 

 

9.0

 

Total derivatives

 

 

 

$

0.6

 

 

$

13.3

 

 

 

 

$

1.2

 

 

$

9.3

 

 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following tables summarize the pre-tax effect of the Company’s derivative financial instruments on the Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023:

 

 

 

The Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Consolidated Financial Statements

 

 

 

Amount of Gain (Loss) Recognized in AOCI (Effective Portion)

 

 

Location of (Gain) Loss Reclassified from AOCI to Income

 

Amount of (Gain) Loss Reclassified from AOCI to Income (Effective Portion)

 

 

 

Year Ended December 31,

 

 

 

 

 

 

Year Ended December 31,

 

 

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

 

 

 

2025

 

 

2024

 

 

2023

 

Cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

(5.0

)

 

$

5.1

 

 

$

0.4

 

 

Cost of products sold

 

$

1.1

 

 

$

(1.3

)

 

$

(2.8

)

 

 

 

 

The Effect of Derivatives Not Designated as Hedging Instruments on the Consolidated Financial Statements

 

 

 

Location of (Gain) Loss Recognized in Income on Derivatives

 

Amount of (Gain) Loss Recognized in Income

 

 

 

 

 

Year Ended December 31,

 

(in millions)

 

 

 

2025

 

 

2024

 

 

2023

 

Foreign exchange contracts

 

Other expense (income), net

 

$

0.4

 

 

$

(4.5

)

 

$

0.1

 
v3.25.4
Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis The following table sets forth our financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2025, and 2024:

 

(in millions)

 

December 31,
2025

 

 

December 31,
2024

 

Assets:

 

 

 

 

 

 

Forward currency contracts

 

$

0.6

 

 

$

13.3

 

Liabilities:

 

 

 

 

 

 

Forward currency contracts

 

$

1.2

 

 

$

9.3

 

 
v3.25.4
Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) The components of, and changes in, AOCI were as follows:

 

(in millions)

 

Derivative Financial Instruments

 

 

Foreign Currency Adjustments

 

 

Unrecognized Pension and Other Post-retirement Benefit Costs

 

 

Accumulated Other Comprehensive Income (Loss)

 

Balance at December 31, 2023

 

$

(0.7

)

 

$

(349.8

)

 

$

(175.8

)

 

$

(526.3

)

Other comprehensive income (loss) before reclassifications, net of tax

 

 

3.6

 

 

 

(66.1

)

 

 

9.1

 

 

 

(53.4

)

Amounts reclassified from accumulated other comprehensive income (loss), net of tax

 

 

(0.8

)

 

 

—

 

 

 

8.4

 

 

 

7.6

 

Balance at December 31, 2024

 

$

2.1

 

 

$

(415.9

)

 

$

(158.3

)

 

$

(572.1

)

Other comprehensive income (loss) before reclassifications, net of tax

 

 

(3.6

)

 

 

56.5

 

 

 

(9.4

)

 

 

43.5

 

Amounts reclassified from accumulated other comprehensive income (loss), net of tax

 

 

0.8

 

 

 

—

 

 

 

5.2

 

 

 

6.0

 

Balance at December 31, 2025

 

$

(0.7

)

 

$

(359.4

)

 

$

(162.5

)

 

$

(522.6

)

 
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The reclassifications out of AOCI for the years ended December 31, 2025, 2024 and 2023 were as follows:

 

 

 

Year Ended December 31,

 

 

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Details about Accumulated Other Comprehensive Income (Loss) Components

 

Amount Reclassified from Accumulated Other Comprehensive Income (Loss)

 

 

Location on Income Statement

Gain (loss) on cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

(1.1

)

 

$

1.3

 

 

$

2.8

 

 

Cost of products sold

Tax benefit (expense)

 

 

0.3

 

 

 

(0.5

)

 

 

(0.8

)

 

Income tax expense

Net of tax

 

$

(0.8

)

 

$

0.8

 

 

$

2.0

 

 

 

Defined benefit plan items:

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial loss(1)

 

$

(6.6

)

 

$

(11.1

)

 

$

(5.9

)

 

 

Amortization of prior service cost(1)

 

 

(0.3

)

 

 

(0.3

)

 

 

(0.3

)

 

 

Total before tax

 

 

(6.9

)

 

 

(11.4

)

 

 

(6.2

)

 

 

Tax benefit

 

 

1.7

 

 

 

3.0

 

 

 

0.7

 

 

Income tax expense

Net of tax

 

$

(5.2

)

 

$

(8.4

)

 

$

(5.5

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total reclassifications for the period, net of tax

 

$

(6.0

)

 

$

(7.6

)

 

$

(3.5

)

 

 

 

(1)
These AOCI components are included in the computation of net periodic benefit (income) cost for pension and post-retirement plans (See "Note 6. Pension and Other Retiree Benefits" for additional details).
v3.25.4
Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

The following tables present our net sales disaggregated by regional geography(1), based upon our operating segments for the years ended December 31, 2025, 2024 and 2023, and our net sales disaggregated by the timing of revenue recognition for the years ended December 31, 2025, 2024 and 2023:

 

(in millions)

 

2025

 

 

2024

 

 

 

2023

 

United States

 

$

647.3

 

 

$

719.7

 

 

$

796.2

 

Canada

 

 

77.8

 

 

 

88.0

 

 

 

95.0

 

Latin America

 

 

169.3

 

 

 

192.2

 

 

 

244.5

 

ACCO Brands Americas

 

 

894.4

 

 

 

999.9

 

 

 

1,135.7

 

 

 

 

 

 

 

 

 

 

 

EMEA(1)

 

 

482.0

 

 

 

521.8

 

 

 

547.2

 

Australia/N.Z.

 

 

115.9

 

 

 

112.3

 

 

 

118.5

 

Asia

 

 

32.4

 

 

 

32.2

 

 

 

31.4

 

ACCO Brands International

 

 

630.3

 

 

 

666.3

 

 

 

697.1

 

Net sales(2)

 

$

1,524.7

 

 

$

1,666.2

 

 

$

1,832.8

 

 

(1)
ACCO Brands EMEA is comprised largely of Europe, but also includes export sales to the Middle East and Africa.
(2)
Net sales are attributed to geographic areas based on the location of the selling subsidiaries.

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Product and services transferred at a point in time

 

$

1,493.5

 

 

$

1,629.7

 

 

$

1,794.1

 

Product and services transferred over time

 

 

31.2

 

 

 

36.5

 

 

 

38.7

 

Net sales

 

$

1,524.7

 

 

$

1,666.2

 

 

$

1,832.8

 
v3.25.4
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

 

 
v3.25.4
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Future Minimum Payments Under Unconditional Purchase Commitments

Future minimum payments under unconditional purchase commitments as of December 31, 2025 were as follows:

 

(in millions)

 

 

 

2026

 

$

107.0

 

2027

 

 

5.6

 

2028

 

 

4.3

 

2029 and thereafter

 

 

—

 

Total unconditional purchase commitments(1)

 

$

116.9

 

 

(1)
Unconditional purchase commitments primarily consist of non-cancelable purchase orders for raw materials and finished goods and contracts.
v3.25.4
Significant Accounting Policies, Recent Accounting Pronouncements and Adopted Accounting Standards - Narrative (Details)
 12 Months Ended
Dec. 31, 2025
USD ($)
Reportingunit
Segment
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Accounting Policies [Line Items]      
Number of operating segments | Segment 2    
Interest costs capitalized $ 0 $ 0 $ 0
Goodwill impairment   127,500,000  
Number of reporting units | Reportingunit 2    
Deferred taxes for undistributed earnings of foreign subsidiaries $ 3,600,000    
Undistributed earnings of foreign subsidiaries not permanently reinvested 313,400,000    
Undistributed earnings of foreign subsidiaries 223,400,000    
Advertising expenses 92,500,000 99,300,000 102,700,000
Research and development expenses $ 22,000,000 23,000,000 $ 25,800,000
Minimum      
Accounting Policies [Line Items]      
Service And Maintenance Agreement Term 3 months    
Maximum      
Accounting Policies [Line Items]      
Service And Maintenance Agreement Term 60 months    
Amortizable Period, Option 1 | Minimum      
Accounting Policies [Line Items]      
Intangible assets, amortizable life 5 years    
Amortizable Period, Option 2 | Maximum      
Accounting Policies [Line Items]      
Intangible assets, amortizable life 30 years    
Buildings | Minimum      
Accounting Policies [Line Items]      
Property, plant and equipment, useful life 40 years    
Buildings | Maximum      
Accounting Policies [Line Items]      
Property, plant and equipment, useful life 50 years    
Machinery, equipment and furniture | Minimum      
Accounting Policies [Line Items]      
Property, plant and equipment, useful life 3 years    
Machinery, equipment and furniture | Maximum      
Accounting Policies [Line Items]      
Property, plant and equipment, useful life 10 years    
Computer software | Minimum      
Accounting Policies [Line Items]      
Property, plant and equipment, useful life 5 years    
Computer software | Maximum      
Accounting Policies [Line Items]      
Property, plant and equipment, useful life 10 years    
ACCO Brands International      
Accounting Policies [Line Items]      
Goodwill impairment   $ 0  
v3.25.4
Acquisitions - Narrative (Details)
€ in Millions, $ in Millions, $ in Millions
 12 Months Ended
Jan. 30, 2026
USD ($)
Jan. 30, 2026
EUR (€)
Feb. 28, 2025
AUD ($)
Feb. 28, 2025
USD ($)
Dec. 31, 2025
Segment
Business Acquisition [Line Items]          
Number of reportable segments         2
Buro          
Business Acquisition [Line Items]          
Preliminary purchase price     $ 16.3 $ 10.1  
Business acquisition, consideration held in escrow     $ 2.2 $ 1.3  
Escrow period     2 years 2 years  
EPOS | Subsequent Event          
Business Acquisition [Line Items]          
Preliminary purchase price $ 7.7 € 6.5      
Deferred payments in business acquisition $ 3.5 € 3.0      
v3.25.4
Long-term Debt and Short-term Borrowings - Summary of Notes Payable and Long-Term Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Total debt $ 840.9 $ 839.7
Current portion 30.8 51.3
Debt issuance costs, unamortized 4.1 5.1
Long-term debt, net 806.0 783.3
Euro Senior Secured Term Loan A due October 2029 (floating interest rate of 4.27% at December 31, 2025 and 4.68% at December 31, 2024)    
Debt Instrument [Line Items]    
Total debt 101.3 127.9
Euro Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 4.27% at December 31, 2025 and 4.68% at December 31, 2024)    
Debt Instrument [Line Items]    
Total debt 106.9 59.1
U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.06% at December 31, 2025 and 6.47% at December 31, 2024)    
Debt Instrument [Line Items]    
Total debt 33.6 34.4
Australian Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.03% at December 31, 2025 and 6.44% at December 31, 2024)    
Debt Instrument [Line Items]    
Total debt 24.1 32.8
Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%)    
Debt Instrument [Line Items]    
Total debt 575.0 575.0
Other borrowings    
Debt Instrument [Line Items]    
Total debt $ 0.0 $ 10.5
v3.25.4
Long-term Debt and Short-term Borrowings - Summary of Notes Payable and Long-Term Debt (Parenthetical) (Details)
Dec. 31, 2025
Dec. 31, 2024
Senior Secured Notes | Euro Senior Secured Term Loan A due October 2029 (floating interest rate of 4.27% at December 31, 2025 and 4.68% at December 31, 2024)    
Debt Instrument [Line Items]    
Floating interest rate (percent) 4.27% 4.68%
Senior Secured Notes | Euro Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 4.27% at December 31, 2025 and 4.68% at December 31, 2024)    
Debt Instrument [Line Items]    
Floating interest rate (percent) 4.27% 4.68%
Senior Secured Notes | U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.06% at December 31, 2025 and 6.47% at December 31, 2024)    
Debt Instrument [Line Items]    
Floating interest rate (percent) 6.06% 6.47%
Senior Secured Notes | Australian Dollar Senior Secured Revolving Credit Facility, due October 2029 (floating interest rate of 6.03% at December 31, 2025 and 6.44% at December 31, 2024)    
Debt Instrument [Line Items]    
Floating interest rate (percent) 6.03% 6.44%
Senior Notes | Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%)    
Debt Instrument [Line Items]    
Stated interest rate (percent) 4.25% 4.25%
v3.25.4
Long-term Debt and Short-term Borrowings - Narrative (Details)
€ in Millions, $ in Millions
 1 Months Ended 12 Months Ended
Jul. 29, 2025
USD ($)
May 23, 2019
Mar. 31, 2029
Mar. 31, 2027
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Oct. 30, 2024
USD ($)
Oct. 30, 2024
EUR (€)
Mar. 15, 2021
USD ($)
Debt Instrument [Line Items]                    
Total debt         $ 840.9 $ 839.7        
Debt issuance costs         1.4 2.5 $ 0.0      
Current portion of long-term debt         30.8 40.8        
Long-term debt, net         806.0 783.3        
Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%)                    
Debt Instrument [Line Items]                    
Total debt         $ 575.0 $ 575.0        
Applicable Rate on Base Rate Loans                    
Debt Instrument [Line Items]                    
Debt instrument, basis spread on variable rate         1.25%          
Senior Secured Notes                    
Debt Instrument [Line Items]                    
Credit agreement, face amount               $ 200.0 € 184.8  
Outstanding principal amount $ 35.0                  
Maturity date Sep. 30, 2025                  
Interest coverage ratio         5.51          
Maximum consolidated leverage ratio         4.5          
Consolidated leverage ratio         4.13          
Dividends and/or purchase shares, threshold         $ 40.0          
Dividends and/or purchase shares, threshold, percent of total assets         1.00%          
Debt instrument restriction for share repurchases, authorized amount $ 40.0                  
Debt instrument restriction on percentage payment of consolidated assets 1.00%                  
Senior Secured Notes | Senior Secured Credit Facility Due March 2026                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity, potential increase         $ 500.0          
Senior Secured Notes | > 3.5                    
Debt Instrument [Line Items]                    
Commitment fee percent         0.35%          
Senior Secured Notes | > 4.25                    
Debt Instrument [Line Items]                    
Commitment fee percent         0.375%          
Senior Secured Notes | Minimum                    
Debt Instrument [Line Items]                    
Interest coverage ratio         3          
Quarterly principal payment, based on annual percentage   1.25%                
Senior Secured Notes | Maximum                    
Debt Instrument [Line Items]                    
Dividends and/or purchase shares, threshold         $ 75.0          
Senior Secured Notes | Euro/AUD/CDN | > 3.5                    
Debt Instrument [Line Items]                    
Debt instrument, basis spread on variable rate         2.00%          
Senior Secured Notes | Euro/AUD/CDN | > 4.25                    
Debt Instrument [Line Items]                    
Debt instrument, basis spread on variable rate         2.25%          
Senior Secured Notes | Applicable Rate on Base Rate Loans | > 3.5                    
Debt Instrument [Line Items]                    
Debt instrument, basis spread on variable rate         1.00%          
Senior Secured Notes | Applicable Rate on Base Rate Loans | > 4.25                    
Debt Instrument [Line Items]                    
Debt instrument, basis spread on variable rate         1.25%          
Senior Secured Notes | Forecast | Maximum                    
Debt Instrument [Line Items]                    
Quarterly principal payment, based on annual percentage     2.50% 1.875%            
Senior Notes | Senior Unsecured Notes, due March 2029 (fixed interest rate of 4.25%)                    
Debt Instrument [Line Items]                    
Credit agreement, face amount                   $ 575.0
Maturity date         Mar. 31, 2029          
Stated percentage         4.25% 4.25%        
Revolving Facility | Senior Secured Notes                    
Debt Instrument [Line Items]                    
Maximum borrowing capacity               $ 467.5    
Total debt         $ 164.6          
Amount available for borrowings under Senior Secured Revolving Credit Facilities         292.3          
Letters of credit outstanding, amount         $ 10.6          
Commitment fee percent         0.375%          
Current portion of long-term debt         $ 23.6          
Long-term debt, net         $ 141.0          
Revolving Facility | Senior Secured Notes | Minimum                    
Debt Instrument [Line Items]                    
Commitment fee percent         0.25%          
Revolving Facility | Senior Secured Notes | Maximum                    
Debt Instrument [Line Items]                    
Commitment fee percent         0.375%          
v3.25.4
Long-term Debt and Short-term Borrowings - Schedule of Maximum Consolidated Leverage Ratio (Details)
Dec. 31, 2025
Secured Debt  
Line of Credit Facility [Line Items]  
Maximum consolidated leverage ratio 4.5
v3.25.4
Long-term Debt and Short-term Borrowings - Schedule of Applicable Rate and Undrawn Fee Based on Company's Consolidated Leverage Ratio (Details) - Secured Debt (Details)
 12 Months Ended
Dec. 31, 2025
Applicable Rate on Base Rate Loans  
Debt Instrument [Line Items]  
Basis spread on variable rate (percent) 1.25%
Secured Debt | > 4.25  
Debt Instrument [Line Items]  
Undrawn fee 0.375%
Secured Debt | > 4.25 | Applicable Rate on Euro/AUD/CDN Loans  
Debt Instrument [Line Items]  
Basis spread on variable rate (percent) 2.25%
Secured Debt | > 4.25 | Applicable Rate on Base Rate Loans  
Debt Instrument [Line Items]  
Basis spread on variable rate (percent) 1.25%
Secured Debt | > 3.5  
Debt Instrument [Line Items]  
Undrawn fee 0.35%
Secured Debt | > 3.5 | Applicable Rate on Euro/AUD/CDN Loans  
Debt Instrument [Line Items]  
Basis spread on variable rate (percent) 2.00%
Secured Debt | > 3.5 | Applicable Rate on Base Rate Loans  
Debt Instrument [Line Items]  
Basis spread on variable rate (percent) 1.00%
Secured Debt | > 2.5  
Debt Instrument [Line Items]  
Undrawn fee 0.30%
Secured Debt | > 2.5 | Applicable Rate on Euro/AUD/CDN Loans  
Debt Instrument [Line Items]  
Basis spread on variable rate (percent) 1.75%
Secured Debt | > 2.5 | Applicable Rate on Base Rate Loans  
Debt Instrument [Line Items]  
Basis spread on variable rate (percent) 0.75%
Secured Debt | ≤ 2.5  
Debt Instrument [Line Items]  
Undrawn fee 0.25%
Secured Debt | ≤ 2.5 | Applicable Rate on Euro/AUD/CDN Loans  
Debt Instrument [Line Items]  
Basis spread on variable rate (percent) 1.50%
Secured Debt | ≤ 2.5 | Applicable Rate on Base Rate Loans  
Debt Instrument [Line Items]  
Basis spread on variable rate (percent) 0.50%
v3.25.4
Long-term Debt and Short-term Borrowings - Summary of Major Debt Components Including Principal Cash Payments and Interest Rates (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Fixed rate Senior Unsecured Notes, due March 2029 | Senior Notes    
Debt Instrument [Line Items]    
Long term debt: $ 575.0  
Fair Value $ 533.3  
Fixed interest rate 4.25% 4.25%
Fixed rate Senior Unsecured Notes, due March 2029 | Senior Notes | 2029    
Debt Instrument [Line Items]    
Long term debt: $ 575.0  
Fixed interest rate 4.25%  
Euro Senior Secured Term Loan A, due October 2029 | Senior Secured Notes    
Debt Instrument [Line Items]    
Long term debt: $ 101.3  
Fair Value 101.3  
Euro Senior Secured Term Loan A, due October 2029 | Senior Secured Notes | 2026    
Debt Instrument [Line Items]    
Long term debt: $ 7.2  
Average variable interest rate [1] 4.53%  
Euro Senior Secured Term Loan A, due October 2029 | Senior Secured Notes | 2027    
Debt Instrument [Line Items]    
Long term debt: $ 10.8  
Average variable interest rate [1] 4.54%  
Euro Senior Secured Term Loan A, due October 2029 | Senior Secured Notes | 2028    
Debt Instrument [Line Items]    
Long term debt: $ 10.8  
Average variable interest rate [1] 4.55%  
Euro Senior Secured Term Loan A, due October 2029 | Senior Secured Notes | 2029    
Debt Instrument [Line Items]    
Long term debt: $ 72.5  
Average variable interest rate [1] 4.55%  
Euro Dollar Senior Secured Revolving Credit Facility, due October 2029 | Senior Secured Notes    
Debt Instrument [Line Items]    
Long term debt: $ 106.9  
Fair Value 106.9  
Euro Dollar Senior Secured Revolving Credit Facility, due October 2029 | Senior Secured Notes | 2029    
Debt Instrument [Line Items]    
Long term debt: $ 106.9  
Average variable interest rate [1] 4.55%  
U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029 | Senior Secured Notes    
Debt Instrument [Line Items]    
Long term debt: $ 33.6  
Fair Value 33.6  
U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029 | Senior Secured Notes | 2026    
Debt Instrument [Line Items]    
Long term debt: $ 23.6  
Average variable interest rate [1] 4.53%  
U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029 | Senior Secured Notes | 2029    
Debt Instrument [Line Items]    
Long term debt: $ 10.0  
Average variable interest rate [1] 4.55%  
Australian Dollar Senior Secured Revolving Credit Facility, due October 2029 | Senior Secured Notes    
Debt Instrument [Line Items]    
Long term debt: $ 24.1  
Fair Value 24.1  
Australian Dollar Senior Secured Revolving Credit Facility, due October 2029 | Senior Secured Notes | 2029    
Debt Instrument [Line Items]    
Long term debt: $ 24.1  
Average variable interest rate [1] 4.55%  
[1] Rates presented are as of December 31, 2025
v3.25.4
Long-term Debt and Short-term Borrowings - Summary of Major Debt Components Including Principal Cash Payments and Interest Rates (Parenthetical) (Details)
 12 Months Ended
Jul. 29, 2025
Dec. 31, 2025
Senior Secured Notes    
Debt Instrument [Line Items]    
Maturity date Sep. 30, 2025  
Fixed rate Senior Unsecured Notes, due March 2029 | Senior Notes    
Debt Instrument [Line Items]    
Maturity date   Mar. 31, 2029
Euro Senior Secured Term Loan A, due October 2029 | Senior Secured Notes    
Debt Instrument [Line Items]    
Maturity date   Oct. 31, 2029
Euro Dollar Senior Secured Revolving Credit Facility, due October 2029 | Senior Secured Notes    
Debt Instrument [Line Items]    
Maturity date   Oct. 31, 2029
U.S. Dollar Senior Secured Revolving Credit Facility, due October 2029 | Senior Secured Notes    
Debt Instrument [Line Items]    
Maturity date   Oct. 31, 2029
Australian Dollar Senior Secured Revolving Credit Facility, due October 2029 | Senior Secured Notes    
Debt Instrument [Line Items]    
Maturity date   Oct. 31, 2029
v3.25.4
Leases - Components of Lease Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Leases [Abstract]      
Operating lease cost $ 29.0 $ 29.0 $ 28.6
Sublease income (3.2) (3.1) (2.5)
Total lease cost $ 25.8 $ 25.9 $ 26.1
v3.25.4
Leases - Summary of Other Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
Operating cash flows from operating leases $ 29.9 $ 27.9
Right-of-use assets obtained in exchange for lease obligations, operating leases $ 15.1 $ 19.5
Weighted average remaining lease term, operating leases (in years) 5 years 3 months 18 days  
Weighted average discount rate, operating leases (as a percentage) 5.30%  
v3.25.4
Leases - Schedule of Future Minimum Lease Payments, Net of Sub-Lease Income (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Operating Leases  
2026 $ 24.7
2027 20.1
2028 17.2
2029 13.5
2030 11.5
Thereafter 9.7
Total minimum lease payments 96.7
Less imputed interest 12.7
Future minimum payments for leases, net of sublease rental income and imputed interest $ 84.0
v3.25.4
Pension and Other Retiree Benefits - Pension Benefit Obligation and Funded Status (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Change in plan assets      
Employer contributions $ 17.3    
Amounts recognized in the Consolidated Balance Sheets consist of:      
Pension and post-retirement benefit obligations 117.5 $ 117.2  
Pension | U.S.      
Change in projected benefit obligation (PBO)      
Projected benefit obligation at beginning of year 150.5 162.6  
Service cost 0.0 0.0 $ 0.0
Interest cost 7.7 7.7 7.9
Actuarial loss (gain) 5.0 (9.1)  
Participants’ contributions 0.0 0.0  
Benefits paid (11.9) (10.7)  
Settlement 0.0 0.0  
Foreign exchange rate changes 0.0 0.0  
Projected benefit obligation at end of year 151.3 150.5 162.6
Change in plan assets      
Fair value of plan assets at beginning of year 145.4 145.5  
Actual return on plan assets 16.3 7.6  
Employer contributions 1.9 3.0  
Participants’ contributions 0.0 0.0  
Benefits paid (11.9) (10.7)  
Settlement 0.0 0.0  
Foreign exchange rate changes 0.0 0.0  
Fair value of plan assets at end of year 151.7 145.4 145.5
Funded status (Fair value of plan assets less PBO) 0.4 (5.1)  
Amounts recognized in the Consolidated Balance Sheets consist of:      
Other non-current assets 0.4 0.0  
Other current liabilities 0.0 0.0  
Pension and post-retirement benefit obligations 0.0 5.1  
Components of accumulated other comprehensive income (loss), net of tax:      
Unrecognized actuarial loss (gain) 83.5 84.4  
Unrecognized prior service cost 0.0 0.0  
Pension | International      
Change in projected benefit obligation (PBO)      
Projected benefit obligation at beginning of year 396.5 467.4  
Service cost 0.7 0.6 0.5
Interest cost 18.7 18.5 20.0
Actuarial loss (gain) (3.7) (34.4)  
Participants’ contributions 0.1 0.1  
Benefits paid (29.1) (27.7)  
Settlement (0.2) (15.1)  
Foreign exchange rate changes 36.6 (12.9)  
Projected benefit obligation at end of year 419.6 396.5 467.4
Change in plan assets      
Fair value of plan assets at beginning of year 282.9 324.9  
Actual return on plan assets 13.0 (8.4)  
Employer contributions 15.1 14.5  
Participants’ contributions 0.1 0.1  
Benefits paid (29.1) (27.7)  
Settlement (0.2) (15.1)  
Foreign exchange rate changes 21.7 (5.4)  
Fair value of plan assets at end of year 303.5 282.9 324.9
Funded status (Fair value of plan assets less PBO) (116.1) (113.6)  
Amounts recognized in the Consolidated Balance Sheets consist of:      
Other non-current assets 6.7 2.5  
Other current liabilities 8.6 7.2  
Pension and post-retirement benefit obligations 114.2 108.9  
Components of accumulated other comprehensive income (loss), net of tax:      
Unrecognized actuarial loss (gain) 127.2 121.9  
Unrecognized prior service cost 4.9 4.9  
Post-retirement      
Change in projected benefit obligation (PBO)      
Projected benefit obligation at beginning of year 3.6 3.3  
Service cost 0.0 0.0 0.0
Interest cost 0.2 0.2 0.2
Actuarial loss (gain) 0.1 0.5  
Participants’ contributions 0.0 0.0  
Benefits paid (0.3) (0.3)  
Settlement 0.0 0.0  
Foreign exchange rate changes 0.1 (0.1)  
Projected benefit obligation at end of year 3.7 3.6 3.3
Change in plan assets      
Fair value of plan assets at beginning of year 0.0 0.0  
Actual return on plan assets 0.0 0.0  
Employer contributions 0.3 0.3  
Participants’ contributions 0.0 0.0  
Benefits paid (0.3) (0.3)  
Settlement 0.0 0.0  
Foreign exchange rate changes 0.0 0.0  
Fair value of plan assets at end of year 0.0 0.0 $ 0.0
Funded status (Fair value of plan assets less PBO) (3.7) (3.6)  
Amounts recognized in the Consolidated Balance Sheets consist of:      
Other non-current assets 0.0 0.0  
Other current liabilities 0.4 0.4  
Pension and post-retirement benefit obligations 3.3 3.2  
Components of accumulated other comprehensive income (loss), net of tax:      
Unrecognized actuarial loss (gain) (2.1) (2.6)  
Unrecognized prior service cost $ 0.0 $ 0.0  
v3.25.4
Pension and Other Retiree Benefits (Accumulated Benefit Obligations in Excess of Plan Assets) (Details) - Pension - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
U.S.    
Defined Benefit Plan Disclosure [Line Items]    
Accumulated benefit obligation [1] $ 0.0 $ 150.5
Fair value of plan assets 0.0 145.4
International    
Defined Benefit Plan Disclosure [Line Items]    
Accumulated benefit obligation [1] 125.9 116.8
Fair value of plan assets $ 3.2 $ 4.0
[1] The decrease in 2025 under the U.S. as compared to 2024 is the result of the ACCO U.S. plan ABO no longer being in excess of plan assets as of December 31, 2025, unlike the prior year.
v3.25.4
Pension and Other Retiree Benefits - Projected Benefit Obligations in Excess of Plan Assets (Details) - Pension - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
U.S.    
Defined Benefit Plan Disclosure [Line Items]    
Projected benefit obligation $ 0.0 $ 150.5
Fair value of plan assets 0.0 145.4
International    
Defined Benefit Plan Disclosure [Line Items]    
Projected benefit obligation 124.0 385.1
Fair value of plan assets $ 3.2 $ 268.9
v3.25.4
Pension and Other Retiree Benefits - Net Periodic Benefit Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pension | U.S.      
Defined Benefit Plan Disclosure [Line Items]      
Service cost $ 0.0 $ 0.0 $ 0.0
Interest cost 7.7 7.7 7.9
Expected return on plan assets (12.7) (12.9) (12.0)
Amortization of net loss (gain) 2.4 2.5 2.2
Amortization of prior service cost 0.0 0.0 0.0
Settlement [1] 0.0 0.0 0.0
Net periodic benefit cost (income) cost [2] (2.6) (2.7) (1.9)
Pension | International      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0.7 0.6 0.5
Interest cost 18.7 18.5 20.0
Expected return on plan assets (18.2) (19.6) (21.5)
Amortization of net loss (gain) 4.5 5.4 4.2
Amortization of prior service cost 0.3 0.3 0.3
Settlement [1] 0.1 4.6 1.2
Net periodic benefit cost (income) cost [2] 6.1 9.8 4.7
Post-retirement      
Defined Benefit Plan Disclosure [Line Items]      
Service cost 0.0 0.0 0.0
Interest cost 0.2 0.2 0.2
Expected return on plan assets 0.0 0.0 0.0
Amortization of net loss (gain) (0.4) (0.6) (0.5)
Amortization of prior service cost 0.0 0.0 0.0
Settlement [1] 0.0 0.0 0.0
Net periodic benefit cost (income) cost [2] $ (0.2) $ (0.4) $ (0.3)
[1] Settlement amounts of $4.6 million in 2024 and $1.2 million in 2023 are primarily related to the wind-up of our Canadian Salaried and Hourly pension plans.
[2] The components of net periodic benefit (income) cost, other than service cost, are included in the line "Non-operating pension expense (income)" in the Consolidated Statements of Income (Loss).
v3.25.4
Pension and Other Retiree Benefits - Other Changes Recognized in Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pension | U.S.      
Defined Benefit Plan Disclosure [Line Items]      
Current year actuarial (gain) loss $ 1.5 $ (3.8) $ 1.6
Amortization of actuarial (loss) gain (2.4) (2.5) (2.2)
Amortization of prior service cost 0.0 0.0 0.0
Foreign exchange rate changes 0.0 0.0 0.0
Total recognized in other comprehensive (loss) income (0.9) (6.3) (0.6)
Total recognized in net periodic benefit (income) cost and other comprehensive (loss) income (3.5) (9.0) (2.5)
Pension | International      
Defined Benefit Plan Disclosure [Line Items]      
Current year actuarial (gain) loss 1.5 (6.5) 17.2
Amortization of actuarial (loss) gain (4.5) (9.9) (5.2)
Amortization of prior service cost (0.3) (0.3) (0.3)
Foreign exchange rate changes 8.6 (1.7) 7.5
Total recognized in other comprehensive (loss) income 5.3 (18.4) 19.2
Total recognized in net periodic benefit (income) cost and other comprehensive (loss) income 11.4 (8.6) 23.9
Post-retirement      
Defined Benefit Plan Disclosure [Line Items]      
Current year actuarial (gain) loss 0.1 0.5 0.1
Amortization of actuarial (loss) gain 0.4 0.5 0.5
Amortization of prior service cost 0.0 0.0 0.0
Foreign exchange rate changes 0.0 0.1 (0.1)
Total recognized in other comprehensive (loss) income 0.5 1.1 0.5
Total recognized in net periodic benefit (income) cost and other comprehensive (loss) income $ 0.3 $ 0.7 $ 0.2
v3.25.4
Pension and Other Retiree Benefits - Weighted Average Assumptions Used in Calculating Benefit Obligation (Details)
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pension | U.S.      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate 5.40% 5.70% 5.00%
Pension | International      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate 5.00% 4.80% 4.20%
Rate of compensation increase 2.80% 3.00% 2.90%
Post-retirement      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate 5.40% 5.20% 4.80%
v3.25.4
Pension and Other Retiree Benefits - Weighted Average Assumptions Used In Calculating Net Periodic Benefit Cost (Details)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pension | U.S.      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate - benefit obligation 5.70% 5.00% 5.10%
Discount rate - interest cost 5.40% 4.90% 5.10%
Expected long-term rate of return 8.00% 8.00% 7.50%
Pension | International      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate - benefit obligation 4.80% 4.20% 4.50%
Discount rate - service cost 4.10% 4.20% 4.10%
Discount rate - interest cost 4.70% 4.20% 4.60%
Expected long-term rate of return 6.30% 6.20% 6.90%
Rate of compensation increase 3.00% 2.90% 3.00%
Post-retirement      
Defined Benefit Plan Disclosure [Line Items]      
Discount rate - benefit obligation 5.20% 4.80% 5.00%
Discount rate - service cost 5.40% 5.00% 5.10%
Discount rate - interest cost 5.10% 4.80% 5.00%
v3.25.4
Pension and Other Retiree Benefits - Assumed Health Care Cost Trend Rates (Details) - Post-retirement
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]      
Health care cost trend rate assumed for next year 9.00% 10.00% 9.00%
Rate that the cost trend rate is assumed to decline (the ultimate trend rate) 8.00% 8.00% 7.00%
Year that the rate reaches the ultimate trend rate 2031 2031 2031
v3.25.4
Pension and Other Retiree Benefits - Weighted Average Asset Allocation (Details) - Pension
Dec. 31, 2025
Dec. 31, 2024
U.S.    
Defined Benefit Plan Disclosure [Line Items]    
Weighted average asset allocations 100.00% 100.00%
U.S. | Equity securities    
Defined Benefit Plan Disclosure [Line Items]    
Weighted average asset allocations 34.00% 34.00%
U.S. | Fixed income    
Defined Benefit Plan Disclosure [Line Items]    
Weighted average asset allocations 60.00% 59.00%
U.S. | Real estate    
Defined Benefit Plan Disclosure [Line Items]    
Weighted average asset allocations 2.00% 4.00%
U.S. | Other    
Defined Benefit Plan Disclosure [Line Items]    
Weighted average asset allocations [1] 4.00% 3.00%
International    
Defined Benefit Plan Disclosure [Line Items]    
Weighted average asset allocations 100.00% 100.00%
International | Equity securities    
Defined Benefit Plan Disclosure [Line Items]    
Weighted average asset allocations 4.00% 6.00%
International | Fixed income    
Defined Benefit Plan Disclosure [Line Items]    
Weighted average asset allocations 68.00% 59.00%
International | Real estate    
Defined Benefit Plan Disclosure [Line Items]    
Weighted average asset allocations 0.00% 2.00%
International | Other    
Defined Benefit Plan Disclosure [Line Items]    
Weighted average asset allocations [1] 28.00% 33.00%
[1] Multi-strategy hedge funds, commodity linked funds, private equity funds, and cash and cash equivalents for certain of our plans.
v3.25.4
Pension and Other Retiree Benefits - Fair Value of Plan Assets (Details) - Pension - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
U.S.      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount $ 151.7 $ 145.4 $ 145.5
U.S. | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 133.0 144.0  
U.S. | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 1.2 1.4  
U.S. | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
U.S. | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount   145.4  
U.S. | Mutual funds | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 115.4 110.9  
U.S. | Mutual funds | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
U.S. | Mutual funds | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
U.S. | Mutual funds | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 115.4 110.9  
U.S. | Exchange traded funds | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 17.6 33.1  
U.S. | Exchange traded funds | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
U.S. | Exchange traded funds | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
U.S. | Exchange traded funds | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 17.6 33.1  
U.S. | Common collective trust funds | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
U.S. | Common collective trust funds | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 1.2 1.4  
U.S. | Common collective trust funds | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
U.S. | Common collective trust funds | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 1.2 1.4  
U.S. | Common collective trust funds | Fair Value Measured at Net Asset Value Per Share      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 17.5    
International      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 303.5 282.9 $ 324.9
International | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 17.5 20.5  
International | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 231.0 206.2  
International | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Cash and cash equivalents | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 4.2 3.1  
International | Cash and cash equivalents | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Cash and cash equivalents | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Cash and cash equivalents | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 4.2 3.1  
International | Equity securities | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 13.3 17.4  
International | Equity securities | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Equity securities | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Equity securities | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 13.3 17.4  
International | Corporate debt securities | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Corporate debt securities | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 86.6 62.0  
International | Corporate debt securities | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Corporate debt securities | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 86.6 62.0  
International | Corporate debt securities | Fair Value Measured at Net Asset Value Per Share      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 9.0    
International | Multi-strategy hedge funds | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Multi-strategy hedge funds | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 29.3 33.7  
International | Multi-strategy hedge funds | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Multi-strategy hedge funds | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 29.3 33.7  
International | Multi-strategy hedge funds | Fair Value Measured at Net Asset Value Per Share      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 18.3 29.2  
International | Insurance contracts | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Insurance contracts | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 5.1 4.2  
International | Insurance contracts | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Insurance contracts | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 5.1 4.2  
International | Real estate | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount   0.0  
International | Real estate | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount   0.8  
International | Real estate | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount   0.0  
International | Real estate | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount   0.8  
International | Government debt securities | Quoted Prices in Active Markets for Identical Assets (Level 1)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Government debt securities | Significant Other Observable Inputs (Level 2)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 110.0 105.5  
International | Government debt securities | Significant Unobservable Inputs (Level 3)      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 0.0 0.0  
International | Government debt securities | Fair Value, Inputs, Level 1, 2 and 3      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 110.0 105.5  
International | Real estate | Fair Value Measured at Net Asset Value Per Share      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount 1.3 4.3  
International | Private equity | Fair Value Measured at Net Asset Value Per Share      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Amount $ 26.4 $ 22.7  
v3.25.4
Pension and Other Retiree Benefits - Estimated Future Benefit Payments (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Pension  
Defined Benefit Plan Disclosure [Line Items]  
2026 $ 43.8
2027 42.9
2028 43.6
2029 44.0
2030 44.5
Years 2031 - 2035 228.2
Post-retirement Benefits  
Defined Benefit Plan Disclosure [Line Items]  
2026 0.4
2027 0.4
2028 0.4
2029 0.4
2030 0.4
Years 2031 - 2035 $ 1.6
v3.25.4
Pension and Other Retiree Benefits - Multi-Employer (Details) - Pension - PACE Industry Union-Management Pension Fund - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Multiemployer Plans [Line Items]      
Minimum Period in Years for Withdrawal Liability 20 years    
Multiemployer Plans, Period Contributions, Significance of Contributions [true false] false    
Multiemployer Plan, Pension, Significant, Certified Zone Status [Fixed List] Red Red  
FIP/RP Status Implemented    
Multiemployer Plan, Pension, Significant, Employer Contribution, Cost $ 0.1 $ 0.1 $ 0.1
Surcharge Imposed Yes    
Multiemployer Plans, Collective-Bargaining Arrangement, Expiration Date Jun. 30, 2028    
v3.25.4
Pension and Other Retiree Benefits - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Yr
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Defined Benefit Plan Disclosure [Line Items]      
Pension and post-retirement benefit obligations $ 117.5 $ 117.2  
Employer contributions 17.3    
Expected contributions to defined benefit plans for 2026 18.0    
Costs related to defined contribution plans 11.9 12.5 $ 12.5
Pension settlement cost   4.5  
Esselte Leitz Pension Plan      
Defined Benefit Plan Disclosure [Line Items]      
Unfunded Pension Plan liability $ 103.6 98.0  
Minimum      
Defined Benefit Plan Disclosure [Line Items]      
Payment of retirement benefits, commencement age for participants | Yr 60    
Maximum      
Defined Benefit Plan Disclosure [Line Items]      
Payment of retirement benefits, commencement age for participants | Yr 65    
Pension Plan      
Defined Benefit Plan Disclosure [Line Items]      
Accumulated benefit obligation $ 567.0 542.9  
Pension Plan | U.S.      
Defined Benefit Plan Disclosure [Line Items]      
Pension and post-retirement benefit obligations 0.0 5.1  
Employer contributions $ 1.9 $ 3.0  
Pension Plan | U.S. | Equity securities      
Defined Benefit Plan Disclosure [Line Items]      
Target asset allocation 38.00%    
Pension Plan | U.S. | Fixed income securities      
Defined Benefit Plan Disclosure [Line Items]      
Target asset allocation 54.00%    
Pension Plan | U.S. | Alternate assets      
Defined Benefit Plan Disclosure [Line Items]      
Target asset allocation 8.00%    
v3.25.4
Stock-Based Compensation - Narrative (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of shares authorized (in shares) 20,544,631      
Capitalization of stock based compensation expense $ 0      
Share-based compensation expense, shares that vests on grant date $ 11,500,000 $ 11,900,000 $ 14,800,000  
Stock options granted 0 0 0  
Employee Stock Option        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Exercise period 7 years     10 years
Award vesting period 3 years      
Proceeds from stock options exercised $ 0 $ 0 $ 0  
Fair value of options vested during the period 1,200,000 2,500,000 3,400,000  
Share-based compensation expense, shares that vests on grant date $ 100,000 $ 500,000 $ 2,700,000  
Restricted stock units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting period 3 years      
Unrecognized compensation expense $ 5,900,000      
Weighted average years expense to be recognized over 1 year 10 months 24 days      
Granted (in shares) 1,561,115 1,501,759 1,969,191  
Vested and distributed (in shares) (456,340)      
Share-based compensation expense, shares that vests on grant date $ 8,300,000 $ 7,500,000 $ 6,400,000  
Shares outstanding (in shares) 5,296,060 4,241,889    
Weighted average grant date fair value (in dollar per share) $ 4.62 $ 5.31 $ 5.23  
Fair value of stock awards vested $ 4,700,000 $ 3,300,000 $ 4,400,000  
Performance stock units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Unrecognized compensation expense $ 900,000      
Weighted average years expense to be recognized over 1 year      
Granted (in shares) 1,746,912 1,825,683 2,301,907  
Vested and distributed (in shares) (103,609) (685,998) (336,077)  
Share-based compensation expense, shares that vests on grant date $ 3,100,000 $ 3,900,000 $ 5,700,000  
Shares outstanding (in shares) 4,418,320 3,546,242    
Weighted average grant date fair value (in dollar per share) $ 4.68 $ 5.8 $ 5.39  
Fair value of stock awards vested $ 900,000 $ 4,600,000 $ 2,800,000  
Shares called upon vested (in shares) 1      
Minimum | Performance stock units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Percentage awarded 0.00%      
Maximum | Performance stock units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Award vesting period 3 years      
Percentage awarded 200.00%      
Fully Vested On The Grant Date | Restricted stock units | Non-employee directors        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense, shares that vests on grant date $ 1,300,000 $ 1,400,000 $ 1,300,000  
v3.25.4
Stock-Based Compensation - Share-Based Compensation Expense by Line Item (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Share-based compensation expense $ (11.5) $ (11.9) $ (14.8)
Income tax expense (2.6) (2.9) (3.4)
Net loss (8.9) (9.0) (11.4)
SG&A Expenses      
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Share-based compensation expense $ 11.5 $ 11.9 $ 14.8
v3.25.4
Stock-Based Compensation - Share-based Compensation Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense $ 11.5 $ 11.9 $ 14.8
Stock option compensation expense      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense 0.1 0.5 2.7
RSU compensation expense      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense 8.3 7.5 6.4
PSU compensation expense      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense $ 3.1 $ 3.9 $ 5.7
v3.25.4
Stock-Based Compensation - Stock Option Activity (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Number Outstanding [Roll Forward]      
Granted (in shares) 0 0 0
Employee Stock Option      
Number Outstanding [Roll Forward]      
Outstanding at December 31, 2024 (in shares) 5,711,296    
Forfeited/Expired (in shares) (683,108)    
Outstanding at December 31, 2025 (in shares) 5,028,188 5,711,296  
Exercisable shares at December 31, 2025 (in shares) 5,028,188    
Weighted Average Exercise Price [Roll Forward]      
Outstanding at December 31, 2024 (in dollar per share) $ 8.94    
Forfeited/Expired (in dollar per share) 12.34    
Outstanding at December 31, 2025 (in dollar per share) 8.48 $ 8.94  
Exercisable shares at December 31, 2025, Weighted Average Exercise Price (in dollar per share) $ 8.48    
Outstanding at December 31, 2025, Weighted Average Remaining Contractual Term 4 years 2 months 12 days    
Exercisable shares at December 31, 2025, Weighted Average Contractual Term 4 years 2 months 12 days    
Outstanding at December 31, 2025, Aggregate Intrinsic Value $ 0    
Exercisable shares at December 31, 2025, Aggregate Intrinsic Value $ 0    
v3.25.4
Stock-Based Compensation - Stock Units Rollforward (Details) - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
RSUs      
Stock Units [Roll Forward]      
Outstanding at December 31, 2024 (in shares) 4,241,889    
Granted (in shares) 1,561,115 1,501,759 1,969,191
Vested and distributed (in shares) (456,340)    
Forfeited and cancelled (in shares) (50,604)    
Outstanding at December 31, 2025 (in shares) 5,296,060 4,241,889  
Vested and deferred RSUs related to deferred compensation for non-employee directors (in shares) [1] 955,543    
Weighted Average Grant Date Fair Value [Roll Forward]      
Outstanding at December 31, 2024, Weighted Average Grant Date Fair Value (in dollar per share) $ 6.06    
Granted, Weighted Average Grant Date Fair Value (in dollar per share) 4.62 $ 5.31 $ 5.23
Vested and Distributed, Weighted Average Grant Date Fair Value (in dollar per share) 8.31    
Forfeited and cancelled, Weighted Average Grant Date Fair Value (in dollar per share) 5.19    
Outstanding at December 31, 2025, Weighted Average Grant Date Fair Value (in dollar per share) 5.45 $ 6.06  
Weighted Average Grant Date Fair Value of Vested and Deferred RSUs (in dollar per share) [1] $ 7.28    
PSUs      
Stock Units [Roll Forward]      
Outstanding at December 31, 2024 (in shares) 3,546,242    
Granted (in shares) 1,746,912 1,825,683 2,301,907
Vested and distributed (in shares) (103,609) (685,998) (336,077)
Forfeited and cancelled (in shares) (193,234)    
Other - decrease due to performance of PSUs (in shares) (577,991)    
Outstanding at December 31, 2025 (in shares) 4,418,320 3,546,242  
Weighted Average Grant Date Fair Value [Roll Forward]      
Outstanding at December 31, 2024, Weighted Average Grant Date Fair Value (in dollar per share) $ 5.81    
Granted, Weighted Average Grant Date Fair Value (in dollar per share) 4.68 $ 5.8 $ 5.39
Vested and Distributed, Weighted Average Grant Date Fair Value (in dollar per share) 8.87    
Forfeited and cancelled, Weighted Average Grant Date Fair Value (in dollar per share) 7.57    
Other decrease due to performance of PSU's, Weighted Average Grant Date Fair Value (in dollar per share) 4.68    
Outstanding at December 31, 2025, Weighted Average Grant Date Fair Value (in dollar per share) $ 5.1 $ 5.81  
[1] Included in outstanding at December 31, 2025. Vested and deferred RSUs are primarily related to deferred compensation for non-employee directors.
v3.25.4
Inventories - Components of Inventories (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Inventory Disclosure [Abstract]    
Raw materials $ 46.3 $ 35.9
Work in process 3.7 3.3
Finished goods 239.1 231.2
Total inventories $ 289.1 $ 270.4
v3.25.4
Property, Plant and Equipment, Net (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Property, Plant and Equipment [Line Items]      
Property, plant and equipment $ 528.4 $ 505.5  
Less: accumulated depreciation (389.6) (368.0)  
Property, plant and equipment, net [1] 138.8 137.5  
Computer software included in net property, plant and equipment 25.8 29.4  
Amortization of software costs 13.7 13.8 $ 14.1
Land and improvements      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment 18.9 17.4  
Buildings and improvements to leaseholds      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment 124.5 115.4  
Machinery and equipment      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment 370.2 365.2  
Construction in progress      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment $ 14.8 $ 7.5  
[1] Net property, plant and equipment as of December 31, 2025, and 2024 included $25.8 million and $29.4 million of computer software assets, respectively, which are classified within machinery and equipment and construction in progress. Depreciation expense for software was $13.7 million, $13.8 million, and $14.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.
v3.25.4
Goodwill and Identifiable Intangible Assets - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Reportingunit
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Feb. 28, 2025
USD ($)
Finite-Lived Intangible Assets [Line Items]        
Number of reporting units | Reportingunit 2      
Accumulated impairment losses $ 530.8 $ 530.8 $ 403.3  
Amortization of intangibles $ 46.2 $ 44.7 $ 43.4  
Buro        
Finite-Lived Intangible Assets [Line Items]        
Identifiable intangibles acquired       $ 5.8
v3.25.4
Goodwill and Identifiable Intangible Assets - Summary of Changes in Net Carrying Amount Goodwill By Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Goodwill [Roll Forward]    
Beginning balance $ 446.4 $ 590.0
Acquisitions [1] 4.2  
Goodwill impairment   $ (127.5)
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]   Impairment Of Intangible Assets Indefinite Lived Including Goodwill
Foreign currency translation 27.9 $ (16.1)
Ending balance 478.5 446.4
ACCO Brands Americas    
Goodwill [Roll Forward]    
Beginning balance 253.3 383.6
Acquisitions [1] 0.0  
Goodwill impairment   $ (127.5)
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]   Impairment Of Intangible Assets Indefinite Lived Including Goodwill
Foreign currency translation 1.4 $ (2.8)
Ending balance 254.7 253.3
ACCO Brands International    
Goodwill [Roll Forward]    
Beginning balance 193.1 206.4
Acquisitions [1] 4.2  
Goodwill impairment   $ 0.0
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]   Impairment Of Intangible Assets Indefinite Lived Including Goodwill
Foreign currency translation 26.5 $ (13.3)
Ending balance $ 223.8 $ 193.1
[1] Represents goodwill from the Buro Acquisition.
v3.25.4
Goodwill and Identifiable Intangible Assets - Summary of Gross Carrying Value and Accumulated Amortization By Class of Identifiable Intangible Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Amortizable intangible assets:    
Amortizable intangible assets, Gross Carrying Amounts $ 1,121.3 $ 1,068.4
Amortizable intangible assets, Accumulated Amortization (481.1) (415.5)
Amortizable intangible assets, Net Book Value 640.2 652.9
Total identifiable intangibles    
Total identifiable intangible assets, Gross Carrying Amounts 1,222.5 1,169.6
Total identifiable intangibles, Accumulated Amortization (525.6) (460.0)
Total identifiable intangibles, Net Book Value 696.9 709.6
Trade Names    
Amortizable intangible assets:    
Amortizable intangible assets, Gross Carrying Amounts 658.9 627.5
Amortizable intangible assets, Accumulated Amortization (185.7) (157.5)
Amortizable intangible assets, Net Book Value 473.2 470.0
Customer and contractual relationships    
Amortizable intangible assets:    
Amortizable intangible assets, Gross Carrying Amounts 371.8 350.7
Amortizable intangible assets, Accumulated Amortization (260.4) (230.0)
Amortizable intangible assets, Net Book Value 111.4 120.7
Vendor Relationships    
Amortizable intangible assets:    
Amortizable intangible assets, Gross Carrying Amounts 82.4 82.4
Amortizable intangible assets, Accumulated Amortization (27.7) (22.2)
Amortizable intangible assets, Net Book Value 54.7 60.2
Patents    
Amortizable intangible assets:    
Amortizable intangible assets, Gross Carrying Amounts 8.2 7.8
Amortizable intangible assets, Accumulated Amortization (7.3) (5.8)
Amortizable intangible assets, Net Book Value 0.9 2.0
Trade Name    
Indefinite-lived intangible assets:    
Indefinite-lived intangible assets, Gross Carrying Amount [1] 101.2 101.2
Indefinite-lived intangible asset, Accumulated Amortization [1] (44.5) (44.5)
Indefinite-lived intangible assets, Net Book Value [1] $ 56.7 $ 56.7
[1] Accumulated amortization prior to the adoption of authoritative guidance on goodwill and other intangible assets, at which time further amortization ceased.
v3.25.4
Goodwill and Identifiable Intangible Assets - Amortization Expense and Estimated Future Amortization (Details)
$ in Millions
Dec. 31, 2025
USD ($)
 [1]
Goodwill and Intangible Assets Disclosure [Abstract]  
Estimated amortization expense, 2026 $ 44.8
Estimated amortization expense, 2027 42.3
Estimated amortization expense, 2028 40.1
Estimated amortization expense, 2029 38.3
Estimated amortization expense, 2030 $ 37.3
[1] Actual amounts of amortization expense may differ from estimated amounts due to changes in foreign currency exchange rates, additional intangible asset acquisitions, impairment of intangible assets, accelerated amortization of intangible assets, and other events.
v3.25.4
Goodwill and Identifiable Intangible Assets - Schedule of Acquired Identifiable Intangible Assets (Details) - Buro
$ in Millions
Feb. 28, 2025
USD ($)
Intangible Asset, Acquired, Finite-Lived [Line Items]  
Identifiable intangibles acquired $ 5.8
Trade name  
Intangible Asset, Acquired, Finite-Lived [Line Items]  
Identifiable intangibles acquired $ 1.9
Intangible assets, useful life 20 years
Customer relationships  
Intangible Asset, Acquired, Finite-Lived [Line Items]  
Identifiable intangibles acquired $ 3.9
Intangible assets, useful life 9 years
v3.25.4
Restructuring - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Restructuring and Related Activities [Abstract]      
Net restructuring expenses $ 21.6 [1] $ 16.8 $ 27.2
[1] We expect $17.8 million of the remaining $23.0 million of employee termination costs to be substantially paid within the next twelve months
v3.25.4
Restructuring - Summary of Activity in Restructuring Liability (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Restructuring Reserve [Roll Forward]      
Balance at beginning of period $ 26.6 [1] $ 28.4 $ 8.7
Provision 21.6 [1] 16.8 27.2
Cash expenditures (25.8) [1] (18.1) (7.8)
Non-cash Items/ Currency Change 0.9 [1] (0.5) 0.3
Balance at end of period 23.3 [1] 26.6 [1] 28.4
Employee termination costs      
Restructuring Reserve [Roll Forward]      
Balance at beginning of period 26.6 27.5 8.7
Provision 18.8 16.6 26.1
Cash expenditures (23.2) (17.0) (7.6)
Non-cash Items/ Currency Change 0.8 (0.5) 0.3
Balance at end of period 23.0 26.6 27.5
Other      
Restructuring Reserve [Roll Forward]      
Balance at beginning of period 0.0 0.9 0.0
Provision 2.8 0.2 1.1
Cash expenditures (2.6) (1.1) (0.2)
Non-cash Items/ Currency Change 0.1 0.0 0.0
Balance at end of period $ 0.3 $ 0.0 $ 0.9
[1] We expect $17.8 million of the remaining $23.0 million of employee termination costs to be substantially paid within the next twelve months
v3.25.4
Restructuring - Summary of Activity in Restructuring Liability (Parenthetical) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]        
Restructuring reserve $ 23.3 [1] $ 26.6 [1] $ 28.4 $ 8.7
Employee termination costs        
Restructuring Cost and Reserve [Line Items]        
Restructuring reserve 23.0 $ 26.6 $ 27.5 $ 8.7
Restructuring Reserve, Period Increase (Decrease), Total $ 17.8      
Payment period for restructuring costs 12 months      
[1] We expect $17.8 million of the remaining $23.0 million of employee termination costs to be substantially paid within the next twelve months
v3.25.4
Restructuring - Restructuring Charges (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]      
Restructuring charges $ 21.6 [1] $ 16.8 $ 27.2
Operating Segments | ACCO Brands Americas      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 7.7 6.5 16.7
Operating Segments | ACCO Brands International      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 14.1 6.9 9.9
Corporate      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 0.2 3.4 0.6
Employee termination costs      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges 18.8 16.6 26.1
Other      
Restructuring Cost and Reserve [Line Items]      
Restructuring charges $ 2.8 $ 0.2 $ 1.1
[1] We expect $17.8 million of the remaining $23.0 million of employee termination costs to be substantially paid within the next twelve months
v3.25.4
Income Taxes - Components of Income (Loss) Before Taxes (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
Domestic operations $ (25.7) $ (173.0) $ (124.8)
Foreign operations 74.8 85.7 111.7
Income before income tax $ 49.1 $ (87.3) $ (13.1)
v3.25.4
Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract]      
Income tax at U.S. statutory rate; 21% $ 10.3 $ (18.3) $ (2.7)
Unrecognized tax (benefits) expense (1.9) (2.8) 1.0
Impact on final GILTI regulations for 2018 and 2019 2.3    
Statutory tax rate changes 4.5   0.4
Statutory tax law changes     (3.6)
State, local and other tax, net of federal benefit (1.5) (2.0) (1.3)
Impact from foreign inclusions 4.9 0.6 (0.7)
U.S. effect of foreign dividends and withholding taxes 5.0 4.1 3.9
Foreign income tax rate differential (0.9) 4.3 4.2
Global Minimum Tax 1.1    
Brazilian Tax Assessments impact (12.4) (1.6) (13.3)
Increase in valuation allowance 3.2 2.4 5.4
General business credit (0.5) (0.4) (2.2)
Excess expense from stock-based compensation 1.0 1.3 0.6
Impairment of non-deductible goodwill   26.8 18.8
Loss on derivatives (2.3)    
Prior period tax return adjustment (1.3) 0.1 (1.0)
Other decrease (1.4) (0.2) (0.8)
Total income tax expense $ 7.8 $ 14.3 $ 8.7
Effective income tax rate 15.90% (16.40%) (66.40%)
v3.25.4
Income Taxes - Under ASU 2023-09 Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Income tax at U.S. statutory rate; 21% $ 10.3 $ (18.3) $ (2.7)
Income tax at U.S. statutory rate; 21% 21.00% 21.00% 21.00%
Tax credits, net of prior period tax return adjustments      
Current year foreign tax credit carried forward $ (2.2)    
Current year foreign tax credit carried forward, percent (4.50%)    
Other $ (0.3)    
Other, percent (0.60%)    
Nontaxable and nondeductable items      
Other $ 0.3    
Other, percent 0.60%    
Effect of cross-border tax laws, net of prior tax return adjustments      
Global intangible low-taxed income, net of current year foreign tax credits $ (2.3)    
Global intangible low-taxed income, net of current year foreign tax credits, percent (4.70%)    
Subpart F, net of current year foreign tax credits $ 7.6    
Subpart F, net of current year foreign tax credits, percent 15.50%    
Loss on derivatives $ (2.3)    
Loss on derivatives, percent (4.70%)    
Other $ (0.3)    
Other, percent (0.60%)    
Other adjustments      
Excess expense from stock-based compensation $ 1.0    
Excess expense from stock-based compensation, percent 2.10%    
Other $ 0.1    
Other, percent 0.20%    
Domestic state and local income taxes, net of federal benefit and prior period tax return adjustments $ (1.5) $ (2.0) $ (1.3)
Domestic state and local income taxes, net of federal benefit and prior period tax return adjustments (3.10%)    
Foreign tax effects, net of prior period tax return adjustments      
Foreign income tax rate differential $ (0.9) 4.3 4.2
Change in valuation allowance 3.2 2.4 5.4
Tax rate change 4.5   0.4
Global Minimum Tax 1.1    
Worldwide changes in unrecognized tax benefits $ (14.2)    
Worldwide changes in unrecognized tax benefits, percent (28.90%)    
Income taxes as reported $ 7.8 $ 14.3 $ 8.7
Effective tax rate 15.90% (16.40%) (66.40%)
Australia      
Foreign tax effects, net of prior period tax return adjustments      
Foreign income tax rate differential $ 0.9    
Foreign income tax rate differential, percent 1.80%    
Brazil      
Foreign tax effects, net of prior period tax return adjustments      
Foreign income tax rate differential $ 0.8    
Foreign income tax rate differential, percent 1.60%    
Interest on net equity $ (2.7)    
Interest on net equity, percent (5.50%)    
Withholding tax $ 2.0    
Withholding tax, percent 4.10%    
Other $ (0.2)    
Other, percent (0.40%)    
Canada      
Foreign tax effects, net of prior period tax return adjustments      
Withholding tax $ 2.7    
Withholding tax, percent 5.50%    
China      
Foreign tax effects, net of prior period tax return adjustments      
Change in valuation allowance $ 1.2    
Change in valuation allowance, percent 2.40%    
Other $ (0.1)    
Other, percent (0.20%)    
Germany      
Foreign tax effects, net of prior period tax return adjustments      
Foreign income tax rate differential $ (0.8)    
Foreign income tax rate differential, percent (1.60%)    
Trade tax $ 2.2    
Trade tax, percent 4.50%    
Tax rate change $ 4.6    
Tax rate change, percent 9.40%    
Mexico      
Foreign tax effects, net of prior period tax return adjustments      
Foreign income tax rate differential $ 0.6    
Foreign income tax rate differential, percent 1.20%    
Netherlands      
Foreign tax effects, net of prior period tax return adjustments      
Foreign income tax rate differential $ (0.8)    
Foreign income tax rate differential, percent 1.60%    
Other $ 0.1    
Other, percent 0.20%    
Sweden      
Foreign tax effects, net of prior period tax return adjustments      
Foreign income tax rate differential $ 0.5    
Foreign income tax rate differential, percent 1.00%    
United Kingdom      
Foreign tax effects, net of prior period tax return adjustments      
Foreign income tax rate differential $ (3.9)    
Foreign income tax rate differential, percent (7.90%)    
Change in valuation allowance $ 1.2    
Change in valuation allowance, percent 2.40%    
Global Minimum Tax $ 1.1    
Global Minimum Tax, percent 2.20%    
Other      
Foreign tax effects, net of prior period tax return adjustments      
Foreign income tax rate differential $ 2.2    
Foreign income tax rate differential, percent 4.50%    
v3.25.4
Income Taxes - Components of Income Tax (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current expense      
Federal and other $ (0.2) $ (3.2) $ 0.2
Foreign 11.5 24.4 28.6
Total current income tax expense 11.3 21.2 28.8
Deferred expense (benefit)      
Federal and other (5.6) (7.0) (16.7)
Foreign 2.1 0.1 (3.4)
Total deferred income tax (benefit) expense (3.5) (6.9) (20.1)
Total income tax expense $ 7.8 $ 14.3 $ 8.7
v3.25.4
Income Taxes - Components of Deferred Tax Assets (Liabilities) (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets    
Compensation and benefits $ 19,300,000 $ 20,300,000
Pension 8,700,000 14,400,000
Inventory 7,900,000 8,100,000
Other reserves 11,500,000 13,900,000
Accounts receivable 5,700,000 5,100,000
Foreign tax credit carryforwards 9,400,000 6,800,000
Net operating loss carryforwards 84,900,000 74,800,000
Interest expense carryforwards 43,300,000 34,100,000
Section 174 capitalization 15,100,000 16,100,000
General business tax credit carryforwards 2,200,000 1,800,000
Depreciation 2,100,000 0
Other 600,000 2,100,000
Gross deferred income tax assets 210,700,000 197,500,000
Valuation allowance (67,900,000) (60,300,000)
Net deferred tax assets 142,800,000 137,200,000
Deferred tax liabilities    
Depreciation 0 (3,800,000)
Unremitted non-U.S. earnings accrual (3,600,000) (4,100,000)
Identifiable intangibles (155,200,000) (151,900,000)
Gross deferred tax liabilities (158,800,000) (159,800,000)
Net deferred tax liabilities $ (16,000,000) $ (22,600,000)
v3.25.4
Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Balance at beginning of year $ 20.7 $ 28.0 $ 39.1
Additions for tax positions of prior years 0.5 3.5 3.6
Reductions for tax positions of prior years (22.1) (5.6) (17.7)
Increase (decrease) resulting from foreign currency translation 2.1 (5.2) 3.0
Balance at end of year $ 1.2 $ 20.7 $ 28.0
v3.25.4
Income Taxes - Reconciliation of Cash Income Taxes Paid (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]      
U.S. federal $ 6.2    
U.S. state and local (0.1)    
Total foreign tax payments 29.6    
Total income tax payments (net of refunds) 35.7 $ 41.6 $ 44.3
Brazil      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign tax payments 11.2    
Canada      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign tax payments 1.9    
Mexico      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign tax payments 2.0    
Spain      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign tax payments 1.9    
Germany      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign tax payments 3.0    
United Kingdom      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign tax payments 1.9    
Other      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Total foreign tax payments $ 7.7    
v3.25.4
Income Taxes - Narrative (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Jun. 30, 2025
Jun. 13, 2025
Dec. 31, 2022
Dec. 31, 2012
Income Tax Examination [Line Items]              
U.S. statutory rate 21.00% 21.00% 21.00%        
Income tax expense $ 7,800,000 $ 14,300,000 $ 8,700,000        
Income (loss) before income tax $ 49,100,000 $ (87,300,000) $ (13,100,000)        
Effective tax rate 15.90% (16.40%) (66.40%)        
Valuation allowance $ 67,900,000 $ 60,300,000          
Increase in valuation allowance   7,600,000          
Increase to existing valuation allowance 3,300,000 4,300,000          
Operating loss carryforwards 15,300,000            
Federal general business credit carryforwards 2,200,000 1,800,000          
Operating loss carryforwards, valuation allowance 69,500,000            
Deferred taxes for undistributed earnings of foreign subsidiaries 3,600,000            
Undistributed earnings of foreign subsidiaries not permanently reinvested 313,400,000            
Undistributed earnings of foreign subsidiaries 223,400,000            
Foreign tax credit carryforwards 9,400,000 6,800,000          
Unrecognized tax benefits 1,200,000 20,700,000 $ 28,000,000     $ 39,100,000  
Unrecognized tax benefits, income tax penalties and interest accrued   400,000          
Excess benefit from stock-based compensation (1,000,000) (1,300,000) (600,000)        
Additions for tax positions of prior years $ 500,000 $ 3,500,000 $ 3,600,000        
Minimum global tax 15.00%            
Tax expense related to global minimum tax $ 1,100,000            
Foreign Tax Authority              
Income Tax Examination [Line Items]              
Operating loss carryforwards 304,200,000            
Deferred taxes for undistributed earnings of foreign subsidiaries $ 69,500,000            
Foreign Tax Authority | Minimum              
Income Tax Examination [Line Items]              
Statutes of limitation, period 2 years            
Foreign Tax Authority | Maximum              
Income Tax Examination [Line Items]              
Statutes of limitation, period 6 years            
Foreign Tax Authority | Tax Year 2027              
Income Tax Examination [Line Items]              
Tax credit carryforward subject to expiration $ 7,200,000            
Foreign Tax Authority | Tax Year 2035              
Income Tax Examination [Line Items]              
Tax credit carryforward subject to expiration $ 2,200,000            
Foreign Tax Authority | Australian Taxation Office              
Income Tax Examination [Line Items]              
Open tax year 2020 2021 2022 2023 2024            
Foreign Tax Authority | Secretariat of the Federal Revenue Bureau of Brazil              
Income Tax Examination [Line Items]              
Open tax year 2019 2020 2021 2022 2023 2024            
Foreign Tax Authority | Secretariat of the Federal Revenue Bureau of Brazil | Tax Years 2007-2012              
Income Tax Examination [Line Items]              
Unrecognized tax benefits             $ 44,500,000
Potential tax assessment, accrued reserve related to fair value of liabilities acquired             $ 43,300,000
Foreign Tax Authority | Secretariat of the Federal Revenue Bureau of Brazil | Tax Years 2007-2012 | Other Noncurrent Liabilities              
Income Tax Examination [Line Items]              
Unrecognized tax benefits         $ 20,500,000    
Foreign Tax Authority | Secretariat of the Federal Revenue Bureau of Brazil | Tax Year 2007 to 2010 | Other Noncurrent Liabilities              
Income Tax Examination [Line Items]              
Unrecognized tax benefits       $ 7,400,000      
Foreign Tax Authority | Secretariat of the Federal Revenue Bureau of Brazil | Amnesty Program | Tax Years 2007-2012              
Income Tax Examination [Line Items]              
Income tax settlements initial amount paid       2,000,000      
Income tax settlements monthly installments       $ 5,400,000      
Foreign Tax Authority | Secretariat of the Federal Revenue Bureau of Brazil | Amnesty Program | Tax Years 2007-2012 | Minimum              
Income Tax Examination [Line Items]              
Percentage of assessment principal, interest and legal fees required to pay       35.00%      
Foreign Tax Authority | Canada Revenue Agency              
Income Tax Examination [Line Items]              
Open tax year 2019 2020 2021 2022 2023 2024            
Foreign Tax Authority | Federal Ministry of Finance, Germany              
Income Tax Examination [Line Items]              
Open tax year 2020 2021 2022 2023 2024            
Foreign Tax Authority | Swedish Tax Agency (Skatteverket)              
Income Tax Examination [Line Items]              
Open tax year 2023 2024            
Foreign Tax Authority | Her Majesty's Revenue and Customs (HMRC)              
Income Tax Examination [Line Items]              
Open tax year 2023 2024            
v3.25.4
Earnings Per Share - Narrative (Details) - shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Earnings Per Share [Abstract]      
Common stock outstanding (in shares) 90,136,133 92,881,008 94,900,000
Common stock repurchases (in shares) 3,200,000 2,900,000 0
Shares related to tax withholding for share-based compensation (in shares) 200,000 400,000 300,000
Potentially dilutive shares excluded from computation of dilutive earnings per share (in shares) 10,400,000 10,100,000 9,900,000
v3.25.4
Earnings Per Share - Summary of Weighted-Average Shares Outstanding (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Earnings Per Share [Abstract]      
Net Income (Loss) $ 41.3 $ (101.6) $ (21.8)
Determination of shares:      
Weighted-average number of common shares outstanding 92,100,000 95,600,000 95,300,000
Shares issuable on exercise of stock awards, net of shares assumed to be purchased out of proceeds at average market price 1,900,000 0 0
Average common shares outstanding for fully diluted computation [1] 94,000,000 95,600,000 95,300,000
Per share:      
Basic income (loss) per share $ 0.45 $ (1.06) $ (0.23)
Diluted income (loss) per share $ 0.44 $ (1.06) $ (0.23)
Shares outstanding as of December 31, 90,136,133 92,881,008 94,900,000
[1] Due to the net loss during the twelve months ended December 31, 2024 and 2023, diluted earnings per share are the same as basic earnings per share.
v3.25.4
Derivative Financial Instruments - Narrative (Details) - Foreign exchange contracts - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Derivatives not designated as hedging instruments    
Derivative [Line Items]    
U.S. dollar equivalent notional value $ 38,700,000 $ 73,600,000
Cash Flow Hedging | Derivatives designated as hedging instruments    
Derivative [Line Items]    
U.S. dollar equivalent notional value $ 101,500,000 $ 76,900,000
v3.25.4
Derivative Financial Instruments - Fair Value of Derivative Instruments (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Derivatives, Fair Value [Line Items]    
Derivative Assets $ 0.6 $ 13.3
Derivative Liabilities 1.2 9.3
Foreign exchange contracts | Derivatives designated as hedging instruments | Other current assets    
Derivatives, Fair Value [Line Items]    
Derivative Assets 0.3 4.0
Foreign exchange contracts | Derivatives designated as hedging instruments | Other current liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liabilities 1.2 0.0
Foreign exchange contracts | Derivatives not designated as hedging instruments | Other current assets    
Derivatives, Fair Value [Line Items]    
Derivative Assets 0.3 0.3
Foreign exchange contracts | Derivatives not designated as hedging instruments | Other current liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liabilities 0.0 0.3
Foreign exchange contracts | Derivatives not designated as hedging instruments | Other Noncurrent Assets    
Derivatives, Fair Value [Line Items]    
Derivative Assets 0.0 9.0
Foreign exchange contracts | Derivatives not designated as hedging instruments | Other Noncurrent Liabilities    
Derivatives, Fair Value [Line Items]    
Derivative Liabilities $ 0.0 $ 9.0
v3.25.4
Derivative Financial Instruments - Effect of Derivative Instruments (Details) - Foreign exchange contracts - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]      
Amount of Gain (Loss) Recognized in AOCI (Effective Portion) $ (5.0) $ 5.1 $ 0.4
Cost of products sold      
Derivative Instruments, Gain (Loss) [Line Items]      
Amount of (Gain) Loss Reclassified from AOCI to Income (Effective Portion) 1.1 (1.3) (2.8)
Derivatives not designated as hedging instruments      
Derivative Instruments, Gain (Loss) [Line Items]      
Amount of (Gain) Loss Recognized in Income $ 0.4 $ (4.5) $ 0.1
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonoperating Income (Expense) Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)
v3.25.4
Fair Value of Financial Instruments - Schedule of Fair Value Assets and Liabilities Measured on a Recurring Basis (Details) - Significant Other Observable Inputs (Level 2) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Forward currency contracts, assets $ 0.6 $ 13.3
Forward currency contracts, liabilities $ 1.2 $ 9.3
v3.25.4
Fair Value of Financial Instruments - Narrative (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total debt $ 840.9 $ 839.7
Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Estimated fair value of total debt $ 799.2 $ 789.4
v3.25.4
Accumulated Other Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Balance at start of period $ 606.1 $ 787.0
Balance at end of period 664.6 606.1
Derivative Financial Instruments    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Balance at start of period 2.1 (0.7)
Other comprehensive income (loss) before reclassifications, net of tax (3.6) 3.6
Amounts reclassified from accumulated other comprehensive income (loss), net of tax 0.8 (0.8)
Balance at end of period (0.7) 2.1
Foreign Currency Adjustments    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Balance at start of period (415.9) (349.8)
Other comprehensive income (loss) before reclassifications, net of tax 56.5 (66.1)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax 0.0 0.0
Balance at end of period (359.4) (415.9)
Unrecognized Pension and Other Post-retirement Benefit Costs    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Balance at start of period (158.3) (175.8)
Other comprehensive income (loss) before reclassifications, net of tax (9.4) 9.1
Amounts reclassified from accumulated other comprehensive income (loss), net of tax 5.2 8.4
Balance at end of period (162.5) (158.3)
Accumulated Other Comprehensive Income (Loss)    
Accumulated Other Comprehensive Income (Loss) [Roll Forward]    
Balance at start of period (572.1) (526.3)
Other comprehensive income (loss) before reclassifications, net of tax 43.5 (53.4)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax 6.0 7.6
Balance at end of period $ (522.6) $ (572.1)
v3.25.4
Accumulated Other Comprehensive Income (Loss) - Reclassification out of AOCI (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]      
Cost of products sold $ 1,024.7 $ 1,110.8 $ 1,234.5
Tax benefit 7.8 14.3 8.7
Net Income (Loss) 41.3 (101.6) (21.8)
Income before income tax 49.1 (87.3) (13.1)
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)      
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]      
Net Income (Loss) (6.0) (7.6) (3.5)
Unrecognized Pension and Other Post-retirement Benefit Costs | Amount Reclassified from Accumulated Other Comprehensive Income (Loss)      
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]      
Tax benefit (0.3) 0.5 0.8
Net Income (Loss) (5.2) (8.4) (5.5)
Amortization of net actuarial loss [1] (6.6) (11.1) (5.9)
Amortization of prior service cost [1] (0.3) (0.3) (0.3)
Income before income tax (6.9) (11.4) (6.2)
Foreign exchange contracts | Derivative Financial Instruments | Amount Reclassified from Accumulated Other Comprehensive Income (Loss)      
Reclassification Out of Accumulated Other Comprehensive Income [Line Items]      
Cost of products sold (1.1) 1.3 2.8
Tax benefit 1.7 3.0 0.7
Net Income (Loss) $ (0.8) $ 0.8 $ 2.0
[1] These AOCI components are included in the computation of net periodic benefit (income) cost for pension and post-retirement plans (See "Note 6. Pension and Other Retiree Benefits" for additional details).
v3.25.4
Revenue Recognition - Service or Extended Maintenance Agreements (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]    
Unearned revenue associated with outstanding contracts $ 2.5 $ 2.9
Revenue recognized $ 2.5  
v3.25.4
Revenue Recognition - Unearned Revenue (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Unearned revenue $ 2.1
Expected timing of satisfaction 12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Unearned revenue $ 0.4
Expected timing of satisfaction 12 months
v3.25.4
Revenue Recognition - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disaggregation of Revenue [Line Items]      
Net sales [1] $ 1,524.7 $ 1,666.2 $ 1,832.8
Product and services transferred at a point in time      
Disaggregation of Revenue [Line Items]      
Net sales 1,493.5 1,629.7 1,794.1
Product and services transferred over time      
Disaggregation of Revenue [Line Items]      
Net sales 31.2 36.5 38.7
ACCO Brands Americas      
Disaggregation of Revenue [Line Items]      
Net sales 894.4 999.9 1,135.7
ACCO Brands Americas | United States      
Disaggregation of Revenue [Line Items]      
Net sales 647.3 719.7 796.2
ACCO Brands Americas | Canada      
Disaggregation of Revenue [Line Items]      
Net sales 77.8 88.0 95.0
ACCO Brands Americas | Latin America      
Disaggregation of Revenue [Line Items]      
Net sales 169.3 192.2 244.5
ACCO Brands International      
Disaggregation of Revenue [Line Items]      
Net sales 630.3 666.3 697.1
ACCO Brands International | EMEA      
Disaggregation of Revenue [Line Items]      
Net sales [2] 482.0 521.8 547.2
ACCO Brands International | Australia/N.Z.      
Disaggregation of Revenue [Line Items]      
Net sales 115.9 112.3 118.5
ACCO Brands International | Asia      
Disaggregation of Revenue [Line Items]      
Net sales $ 32.4 $ 32.2 $ 31.4
[1] Net sales are attributed to geographic areas based on the location of the selling subsidiaries
[2] ACCO Brands EMEA is comprised largely of Europe, but also includes export sales to the Middle East and Africa.
v3.25.4
Information on Operating Segments - Narrative (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Segment
Customer
Dec. 31, 2024
USD ($)
Customer
Dec. 31, 2023
USD ($)
Customer
Segment Reporting Information [Line Items]      
Number of operating segments | Segment 2    
Number of reportable segments | Segment 2    
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration] srt:ChiefExecutiveOfficerMember, srt:PresidentMember    
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description 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.    
Number of customers exceeded 10 percent of net sales | Customer 0 0 0
Sales Revenue, Net | Customer Concentration Risk | Top five customers      
Segment Reporting Information [Line Items]      
Concentration risk, sales $ 484.7 $ 532.9 $ 609.0
Sales Revenue, Net | Customer Concentration Risk | Amazon      
Segment Reporting Information [Line Items]      
Concentration risk, sales 158.1    
Accounts Receivable | Customer Concentration Risk | Top five customers      
Segment Reporting Information [Line Items]      
Concentration risk, trade accounts receivable $ 117.0 $ 116.3  
v3.25.4
Information on Operating Segments - Schedule of Operating Results for Operating Segments (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Net sales $ 1,524.7 $ 1,666.2 $ 1,832.8
Cost of products sold 1,024.7 1,110.8 1,234.5
Gross profit 500.0 555.4 598.3
Sales and marketing expenses [1] 200.8 206.7 217.9
Administrative expenses [2] 106.1 116.8 127.5
Restructuring 21.8 13.4 26.6
Gain on the disposal of assets (6.8) 0.0 0.0
Impairment of goodwill and intangible assets 0.0 165.2 89.5
All other [3] 46.2 44.7 43.3
Total consolidated operating income (loss) 92.3 (37.0) 44.7
Interest expense (income), net 36.4 45.1 51.5
Non-operating pension expense 2.5 6.1 1.8
Other expense (income), net 4.3 (0.9) 4.5
Income (loss) before income tax 49.1 (87.3) (13.1)
Operating Segments      
Segment Reporting Information [Line Items]      
Total consolidated operating income (loss) 131.9 8.6 93.5
Corporate Expense      
Segment Reporting Information [Line Items]      
Total consolidated operating income (loss) 39.6 45.6 48.8
ACCO Brands Americas      
Segment Reporting Information [Line Items]      
Net sales 894.4 999.9 1,135.7
Cost of products sold 598.3 666.0 761.7
Gross profit 296.1 333.9 374.0
Sales and marketing expenses [1] 108.8 115.2 123.7
Administrative expenses [2] 58.1 64.9 75.2
Restructuring 7.7 6.5 16.7
Gain on the disposal of assets (5.7)    
Impairment of goodwill and intangible assets   165.2 89.5
All other [3] 29.5 27.6 25.0
ACCO Brands Americas | Operating Segments      
Segment Reporting Information [Line Items]      
Total consolidated operating income (loss) 97.7 (45.5) 43.9
ACCO Brands International      
Segment Reporting Information [Line Items]      
Net sales 630.3 666.3 697.1
Cost of products sold 426.4 444.8 472.8
Gross profit 203.9 221.5 224.3
Sales and marketing expenses [1] 92.0 91.5 94.2
Administrative expenses [2] 48.0 51.9 52.3
Restructuring 14.1 6.9 9.9
Gain on the disposal of assets (1.1)    
All other [3] 16.7 17.1 18.3
ACCO Brands International | Operating Segments      
Segment Reporting Information [Line Items]      
Total consolidated operating income (loss) $ 34.2 $ 54.1 $ 49.6
[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.
v3.25.4
Information on Operating Segments - Assets by Segment (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Assets $ 2,253.0 $ 2,228.4  
Goodwill 478.5 446.4 $ 590.0
Identifiable intangibles, net 696.9 709.6  
Property, plant and equipment, net [1] 138.8 137.5  
Operating Segments      
Segment Reporting Information [Line Items]      
Assets [2] 648.8 619.3  
Unallocated Assets      
Segment Reporting Information [Line Items]      
Assets [3] 290.0 315.6  
ACCO Brands Americas      
Segment Reporting Information [Line Items]      
Goodwill 254.7 253.3 383.6
Property, plant and equipment, net 73.5 74.7  
ACCO Brands Americas | Operating Segments      
Segment Reporting Information [Line Items]      
Assets 445.9 418.0  
ACCO Brands International      
Segment Reporting Information [Line Items]      
Goodwill 223.8 193.1 $ 206.4
Property, plant and equipment, net 65.3 62.8  
ACCO Brands International | Operating Segments      
Segment Reporting Information [Line Items]      
Assets $ 202.9 $ 201.3  
[1] Net property, plant and equipment as of December 31, 2025, and 2024 included $25.8 million and $29.4 million of computer software assets, respectively, which are classified within machinery and equipment and construction in progress. Depreciation expense for software was $13.7 million, $13.8 million, and $14.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.
[2] Segment assets represent assets that are regularly provided to the CODM and consist of accounts receivable less allowances and inventory.
[3] Unallocated assets consist primarily of cash, deferred taxes, derivatives, prepaid pension assets, prepaid debt issuance costs, and right of use asset, leases.
v3.25.4
Information on Operating Segments - Property, Plant and Equipment by Geographic Region (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]    
Property, plant and equipment, net [1] $ 138.8 $ 137.5
ACCO Brands Americas    
Segment Reporting Information [Line Items]    
Property, plant and equipment, net 73.5 74.7
ACCO Brands Americas | U.S.    
Segment Reporting Information [Line Items]    
Property, plant and equipment, net 48.5 51.1
ACCO Brands Americas | Canada    
Segment Reporting Information [Line Items]    
Property, plant and equipment, net 0.8 0.9
ACCO Brands Americas | Latin America    
Segment Reporting Information [Line Items]    
Property, plant and equipment, net 24.2 22.7
ACCO Brands International    
Segment Reporting Information [Line Items]    
Property, plant and equipment, net 65.3 62.8
ACCO Brands International | EMEA    
Segment Reporting Information [Line Items]    
Property, plant and equipment, net 55.8 53.5
ACCO Brands International | Australia/N.Z.    
Segment Reporting Information [Line Items]    
Property, plant and equipment, net 8.9 8.7
ACCO Brands International | Asia-Pacific    
Segment Reporting Information [Line Items]    
Property, plant and equipment, net $ 0.6 $ 0.6
[1] Net property, plant and equipment as of December 31, 2025, and 2024 included $25.8 million and $29.4 million of computer software assets, respectively, which are classified within machinery and equipment and construction in progress. Depreciation expense for software was $13.7 million, $13.8 million, and $14.1 million for the years ended December 31, 2025, 2024 and 2023, respectively.
v3.25.4
Information on Operating Segments - Capital Spend by Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Total capital spend $ 19.5 $ 17.0 $ 15.3
ACCO Brands Americas      
Segment Reporting Information [Line Items]      
Total capital spend 13.4 10.2 7.7
ACCO Brands International      
Segment Reporting Information [Line Items]      
Total capital spend $ 6.1 $ 6.8 $ 7.6
v3.25.4
Information on Operating Segments - Depreciation Expense by Segment (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Total depreciation $ 26.6 $ 28.4 $ 32.7
ACCO Brands Americas      
Segment Reporting Information [Line Items]      
Total depreciation 17.4 19.2 20.4
ACCO Brands International      
Segment Reporting Information [Line Items]      
Total depreciation $ 9.2 $ 9.2 $ 12.3
v3.25.4
Commitments and Contingencies - Purchase Commitments (Details)
$ in Millions
Dec. 31, 2025
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
2026 $ 107.0
2027 5.6
2028 4.3
2029 and thereafter 0.0
Total unconditional purchase commitments $ 116.9 [1]
[1] Unconditional purchase commitments primarily consist of non-cancelable purchase orders for raw materials and finished goods and contracts.
v3.25.4
Valuation and Qualifying Accounts and Reserves (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Allowance for Doubtful Accounts      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at beginning of year $ 6.7 $ 9.3 $ 9.1
Additions charged to expense 3.6 0.7 1.3
Deductions (3.9) (2.2) (1.6)
Foreign exchange changes 0.5 (1.1) 0.5
Balance at end of year 6.9 6.7 9.3
Allowance for Sales Discounts and Other Credits      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at beginning of year 7.9 11.6 15.6
Additions charged to expense 8.7 5.2 8.1
Deductions (6.7) (8.8) (11.8)
Foreign exchange changes (0.0) (0.1) (0.3)
Balance at end of year 9.9 7.9 11.6
Allowance for Cash Discounts      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at beginning of year 1.6 2.0 1.9
Additions charged to expense 17.2 18.4 20.7
Deductions (17.0) (18.7) (20.7)
Foreign exchange changes (0.0) (0.1) 0.1
Balance at end of year 1.8 1.6 2.0
Warranty Reserves      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at beginning of year 4.9 6.0 6.4
Additions charged to expense 2.6 2.8 3.8
Deductions (3.5) (3.6) (4.5)
Foreign exchange changes 0.5 (0.3) 0.3
Balance at end of year 4.5 4.9 6.0
Income Tax Valuation Allowance      
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]      
Balance at beginning of year 60.3 59.2 51.9
Additions charged to expense 3.3 2.4 5.4
Foreign exchange changes 4.3 (1.3) 1.9
Balance at end of year $ 67.9 $ 60.3 $ 59.2