Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 90

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 90
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98.7

        —

        98.7

        All other(3)
         
        24.9

        16.3

        41.2

        Segment operating income
         
        28.7

        38.6

        67.3

        Corporate expense

        32.5

        Total consolidated operating income

        34.8

        Interest expense (income), net

        37.3

        Non-operating pension income

        (4.5
        )

        Other (income) expense, net

        (12.9
        )

        Income before income tax

        $
        14.9

       (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 and, for 2022, changes in the fair value of contingent earnout. The following table presents the measure of operating segment assets used by the Company’s CODM as of December 31, 2024 and 2023: 

        (in millions)
         
        2024

        2023

        ACCO Brands Americas
         
        $
        418.0

        $
        533.5

        ACCO Brands International

        201.3

        224.7

        Total segment assets(4)

        619.3

        758.2

        Goodwill

        446.4

        590.0

        Identifiable intangibles, net

        709.6

        815.7

        Property, plant and equipment, net

        137.5

        170.1

        Unallocated assets(5)

        315.6

        310.8

        Total assets
         
        $
        2,228.4

        $
        2,644.8

       (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. Capital spend by operating segment for the years ended December 31, 2024, 2023 and