Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 137

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 137
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 supply chain optimization, global footprint rationalization, and better leveraging the Company's sourcing capabilities.

During the year ended December 31, 2024, the Company recorded $16.8 million in restructuring expenses: $6.5 million of restructuring expense for our Americas segment; $6.9 million for our International segment; and $3.4 million for Corporate. Restructuring charges in 2024 were primarily for severance costs related to cost reduction initiatives.

For further information, see "Note 10. Restructuring" to the consolidated financial statements contained in Part II, Item 8. of this report.

Cash Flow for the Years Ended December 31, 2024 and 2023

During the year ended December 31, 2024, our cash and cash equivalents increased $7.7 million compared to an increase of $4.2 million during the prior year. The following table summarizes our cash flows for the periods presented: 

    Year Ended December 31,

    (in millions)
     
    2024

    2023

    Amount of Change

    Net cash flow provided by:

    Operating activities
     
    $
    148.2

    $
    128.7

    $
    19.5

    Investing activities

    (12.3
    )

    (11.2
    )

    (1.1
    )

    Net (repayments) borrowings

    (74.7
    )

    (87.5
    )

    12.8

    Dividends paid

    (28.4
    )

    (28.5
    )

    0.1

    All other financing

    (19.5
    )

    (1.7
    )

    (17.8
    )

    Financing activities

    (122.6
    )

    (117.7
    )

    (4.9
    )

    Effect of foreign exchange rate changes on cash and cash equivalents

    (5.6
    )

    4.4

    (10.0
    )

    Net increase in cash and cash equivalents
     
    $
    7.7

    $
    4.2

    $
    3.5

32

Cash Flow from Operating Activities

Cash provided by operating activities during the twelve months ended December 31, 2024, was driven by cash inflows of $143.