Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 201

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 201
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 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. 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. 

86

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

The operating results regularly provided to the CODM for our operating segments for the years ended December 31, 2024, 2023 and 2022 were as follows: 

        Twelve Months Ended December 31, 2024

        ACCO Brands Americas
         
        ACCO Brands International
         
        Total

        Net sales
        $
        999.9
         
        $
        666.3
         
        $
        1,666.2

        Cost of products sold
         
        666.0

        444.8

        1,110.8

        Gross profit
         
        333.9

        221.5

        555.4

        Sales and marketing expenses(1)
         
        115.2

        91.5

        206.7

        Administrative expenses(2)
         
        64.9

        51.9

        116.8

        Restructuring
         
        6.5

        6.9

        13.4

        Impairment of goodwill and intangible assets
         
        165.2

        —

        165.2

        All other(3)
         
        27.6

        17.1

        44.7

        Segment operating (loss) income
         
        (45.5
        )
         
        54.1

        8.6

        Corporate expense

        45.6

        Total