Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 177

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 177
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2024, 2023 and 2022 were as follows: 

        Post-retirement

        2024
         
        2023
         
        2022

        Health care cost trend rate assumed for next year
         
        10 %
         
        9 %
         
        6 %

        Rate that the cost trend rate is assumed to decline (the ultimate trend rate)
         
        8 %
         
        7 %
         
        5 %

        Year that the rate reaches the ultimate trend rate
         
        2031
         
        2031
         
        2030
       
       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, 2024 and 2023 were as follows: 

        2024
        2023

        U.S.
        International
        U.S.
        International

        Asset category

        Equity securities
        34 %
        6 %
        37 %
        7 %

        Fixed income
        59 %
        59 %
        57 %
        63 %

        Real estate
        4 %
        2 %
        4 %
        3 %

        Other(5)
        3 %
        33 %
        2 %
        27 %

        Total
        100 %
        100 %
        100 %
        100 %
       
       (5)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, 2024 were as follows: 

        Quoted Prices in Active Markets for Identical Assets

        Significant Other Observable Inputs