Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 76

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 76
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 results for each of our indefinite-lived trade names. We believe the assumptions used in our impairment analysis are appropriate and result in reasonable estimates of the implied fair value of each of our indefinite-lived trade names. However, given the economic environment and the uncertainties regarding the impact on our business, there can be no assurance that our estimates and assumptions, made for purposes of our indefinite-lived intangible impairment testing, will prove to be an accurate prediction of the future.  As of June 1, 2024, we changed our Five Star® and Swingline® indefinite-lived trade names to amortizable intangible assets as they no longer met the indefinite-lived criteria. We began amortizing both trade names on a straight-line basis over a life of 30 years as of June 1, 2024. 

73

 ACCO Brands Corporation and SubsidiariesNotes to Consolidated Financial Statements (Continued) 

The Company's gross carrying value and accumulated amortization by class of identifiable intangible assets as of December 31, 2024 and 2023 were as follows: 

        December 31, 2024

        December 31, 2023

        (in millions)
         
        Gross Carrying Amounts

        Accumulated Amortization

        Net Book Value

        Gross Carrying Amounts

        Accumulated Amortization

        Net Book Value

        Indefinite-lived intangible assets:

        Trade names(1) (2)
         
        $
        101.2

        $
        (44.5
        )
         
        $
        56.7

        $
        295.1

        $
        (44.5
        )
         
        $
        250.6

        Amortizable intangible assets:

        Trade names(2)

        627.5

        (157.5
        )

        470.0

        497.1

        (142.0
        )

        355.1

        Customer and contractual relationships

        350.7

        (230.0
        )

        120.7

        362.4

        (221.3
        )

        141.1

        Vendor relationships

        82.4

        (22.2
        )

        60.2

        82.4

        (16.7
        )

        65.7

        Patents