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Pension and Other Retiree Benefits (Tables)
 12 Months Ended
Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Amounts Recognized in Balance Sheet Net Funded Status
The following table sets forth our defined benefit pension and post-retirement plans funded status and the amounts recognized in our Consolidated Balance Sheets:
PensionPost-retirement
U.S.International
(in millions)202120202021202020212020
Change in projected benefit obligation (PBO)
Projected benefit obligation at beginning of year$226.1 $211.6 $748.7 $690.7 $5.1 $5.3 
Service cost0.5 1.6 1.5 1.5 — — 
Interest cost4.5 5.9 6.3 9.7 0.1 0.1 
Actuarial (gain) loss(3.1)17.9 (33.2)60.7 (0.5)— 
Participants’ contributions— — 0.1 0.1 — 0.1 
Benefits paid(15.5)(10.9)(28.4)(27.6)(0.5)(0.5)
Settlement— — (0.3)(27.4)— — 
Foreign exchange rate changes— — (21.4)41.0 0.1 0.1 
Acquisitions— — 0.3 — — — 
Projected benefit obligation at end of year212.5 226.1 673.6 748.7 4.3 5.1 
Change in plan assets
Fair value of plan assets at beginning of year170.6 158.0 484.8 460.3 — — 
Actual return on plan assets18.6 18.6 16.5 45.0 — — 
Employer contributions7.2 4.9 15.0 14.2 0.5 0.4 
Participants’ contributions— — 0.1 0.1 — 0.1 
Benefits paid(15.5)(10.9)(28.4)(27.6)(0.5)(0.5)
Settlement— — (0.3)(27.4)— — 
Foreign exchange rate changes— — (6.0)20.2 — — 
Fair value of plan assets at end of year180.9 170.6 481.7 484.8 — — 
Funded status (Fair value of plan assets less PBO)$(31.6)$(55.5)$(191.9)$(263.9)$(4.3)$(5.1)
Amounts recognized in the Consolidated Balance Sheets consist of:
Other non-current assets$— $— $2.0 $0.6 $— $— 
Other current liabilities— — 7.1 7.5 0.4 0.5 
Pension and post-retirement benefit obligations31.6 55.5 186.8 257.0 3.9 4.6 
Components of accumulated other comprehensive income, net of tax:
Unrecognized actuarial loss (gain)96.1 110.0 166.5 208.3 (4.3)(4.4)
Unrecognized prior service cost (credit)— 1.5 6.1 6.4 (0.1)(0.1)
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table sets out information for pension plans with an accumulated benefit obligation in excess of plan assets:
U.S.International
(in millions)2021202020212020
Accumulated benefit obligation$212.5 $226.1 $616.7 $716.0 
Fair value of plan assets180.9 170.6 437.8 463.7 
Schedule of Defined Benefit Plan, Plan with Projected Benefit Obligations in Excess of Plan Assets
The following table sets out information for pension plans with a projected benefit obligation in excess of plan assets:
U.S.International
(in millions)2021202020212020
Projected benefit obligation$212.5 $226.1 $631.7 $728.3 
Fair value of plan assets180.9 170.6 437.8 463.7 
Components of Net Periodic Benefit (Income) Expense for Pension and Post-Retirement Plans
The components of net periodic benefit (income) expense for pension and post-retirement plans for the years ended December 31, 2021, 2020, and 2019, were as follows:
PensionPost-retirement
U.S.International
(in millions)202120202019202120202019202120202019
Service cost$0.5 $1.6 $1.3 $1.5 $1.5 $1.3 $— $— $— 
Interest cost4.5 5.9 7.4 6.3 9.7 13.4 0.1 0.1 0.2 
Expected return on plan assets(11.4)(11.4)(11.7)(19.3)(18.6)(20.5)— — — 
Amortization of net loss (gain)3.6 3.2 2.2 7.1 4.9 3.3 (0.5)(0.5)(0.4)
Amortization of prior service cost0.1 0.4 0.4 0.3 0.3 0.3 — — — 
Curtailment loss(2)
1.4 — — — — — — — — 
Settlement loss— — — — 0.4 0.1 — — — 
Net periodic benefit income (1)
$(1.3)$(0.3)$(0.4)$(4.1)$(1.8)$(2.1)$(0.4)$(0.4)$(0.2)

(1)The components, other than service cost, are included in the line "Non-operating pension income" in the Consolidated Statements of Income.
(2)Curtailment loss of $1.4 million due to the pension benefit freeze for the Sidney, New York bargained hourly employees under the ACCO Brands Corporation Pension Plan.
Schedule of Defined Benefit Plan Amounts Recognized in Accumulated Other Comprehensive Income (Loss)
Other changes in plan assets and benefit obligations that were recognized in accumulated other comprehensive income (loss) during the years ended December 31, 2021, 2020, and 2019 were as follows:
PensionPost-retirement
U.S.International
(in millions)202120202019202120202019202120202019
Current year actuarial (gain) loss$(10.3)$10.6 $15.0 $(30.5)$36.5 $43.3 $(0.5)$— $(1.0)
Amortization of actuarial (loss) gain(3.6)(3.2)(2.2)(7.1)(5.3)(3.3)0.5 0.5 0.4 
Amortization of prior service cost(1.5)(0.4)(0.4)(0.3)(0.3)(0.3)— — — 
Foreign exchange rate changes— — — (4.1)8.5 3.4 — — — 
Total recognized in other comprehensive income (loss)$(15.4)$7.0 $12.4 $(42.0)$39.4 $43.1 $— $0.5 $(0.6)
Total recognized in net periodic benefit cost (income) and other comprehensive income (loss)$(16.7)$6.7 $12.0 $(46.1)$37.6 $41.0 $(0.4)$0.1 $(0.8)
Schedule of Assumptions Used
The weighted average assumptions used to determine benefit obligations for the years ended December 31, 2021, 2020, and 2019 were as follows:
PensionPost-retirement
U.S.International
202120202019202120202019202120202019
Discount rate2.9 %2.6 %3.3 %1.8 %1.2 %1.8 %2.4 %1.9 %2.7 %
Rate of compensation increaseN/AN/AN/A3.0 %2.9 %2.9 %N/AN/AN/A

The weighted average assumptions used to determine net periodic benefit (income) expense for the years ended December 31, 2021, 2020, and 2019 were as follows:
PensionPost-retirement
U.S.International
202120202019202120202019202120202019
Discount rate3.1 %3.2 %4.0 %1.0 %1.6 %2.4 %2.2 %2.7 %3.6 %
Expected long-term rate of return6.8 %7.0 %7.4 %4.0 %4.2 %5.0 %N/AN/AN/A
Rate of compensation increaseN/AN/AN/A2.7 %2.9 %3.0 %N/AN/AN/A

The weighted average health care cost trend rates used to determine post-retirement benefit obligations and net periodic benefit (income) expense as of December 31, 2021, 2020, and 2019 were as follows:
Post-retirement
202120202019
Health care cost trend rate assumed for next year6 %6 %7 %
Rate that the cost trend rate is assumed to decline (the ultimate trend rate)5 %4 %4 %
Year that the rate reaches the ultimate trend rate203020282027
Schedule of Allocation of Plan Assets
Our pension plan weighted average asset allocations as of December 31, 2021 and 2020 were as follows:
20212020
U.S.InternationalU.S.International
Asset category
Equity securities63 %15 %64 %21 %
Fixed income28 59 29 54 
Real estate5 4 6 4 
Other(3)
4 22 1 21 
Total100 %100 %100 %100 %

(3)Multi-strategy hedge funds, commodity linked funds, private equity funds, and cash and cash equivalents for certain of our plans.
Schedule of Expected Benefit Payments
The following table presents estimated future benefit payments to participants for the next ten fiscal years:
PensionPost-retirement
(in millions)BenefitsBenefits
2022$39.4 $0.4 
202340.0 0.4 
202440.3 0.4 
202541.4 0.4 
202641.6 0.3 
Years 2027 - 2031214.5 1.1 
Schedule of Multi-employer Plans Details regarding the plan are outlined in the table below.
Pension Protection Act Zone StatusFIP/RP Status Pending/ImplementedContributionsExpiration Date of Collective-Bargaining Agreement
Year Ended December 31,
Pension FundEIN/Pension Plan Number20212020202120202019Surcharge Imposed
PACE Industry Union-Management Pension Fund11-6166763 / 001RedRedImplemented$0.1 $0.1 $0.2 Yes6/30/2023
U.S.  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Allocation of Plan Assets
U.S. Pension Plan Assets

The fair value measurements of our U.S. pension plan assets by asset category as of December 31, 2021 were as follows:
(in millions)Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value
as of
December 31,
2021
Mutual funds$104.9 $— $— $104.9 
Exchange traded funds75.1 — — 75.1 
Common collective trust funds— 0.9 — 0.9 
Total$180.0 $0.9 $— $180.9 


The fair value measurements of our U.S. pension plan assets by asset category as of December 31, 2020 were as follows:
(in millions)Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value
as of
December 31,
2020
Mutual funds$94.8 $— $— $94.8 
Exchange traded funds74.6 — — 74.6 
Common collective trust funds— 1.2 — 1.2 
Total$169.4 $1.2 $— $170.6 
International  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Allocation of Plan Assets
International Pension Plans Assets

The fair value measurements of our international pension plans assets by asset category as of December 31, 2021 were as follows:
(in millions)Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value
as of
December 31,
2021
Cash and cash equivalents$10.2 $— $— $10.2 
Equity securities71.1 — — 71.1 
Exchange traded funds0.1 — — 0.1 
Corporate debt securities— 99.6 — 99.6 
Multi-strategy hedge funds— 39.0 — 39.0 
Insurance contracts— 3.8 — 3.8 
Real estate— 6.7 — 6.7 
Government debt securities— 186.2 — 186.2 
Investments measured at net asset value(3)
Multi-strategy hedge funds46.1 
Real estate11.3 
Private equity7.6 
Total$81.4 $335.3 $— $481.7 

(3)Certain investments that are measured at fair value using the net asset value per share practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the table that presents our defined benefit pension and post-retirement plans funded status.
The fair value measurements of our international pension plans assets by asset category as of December 31, 2020 were as follows:
(in millions)Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Fair Value
as of
December 31,
2020
Cash and cash equivalents$8.5 $— $— $8.5 
Equity securities99.9 — — 99.9 
Exchange traded funds0.5 — — 0.5 
Corporate debt securities— 85.6 — 85.6 
Multi-strategy hedge funds— 57.8 — 57.8 
Insurance contracts— 4.1 — 4.1 
Real estate— 9.7 — 9.7 
Government debt securities— 180.9 — 180.9 
Investments measured at net asset value(3)
Multi-strategy hedge funds29.8 
Real estate8.0 
Total$108.9 $338.1 $— $484.8