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Segments
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segments Segments
We organize our operations around, and publicly report our financial results on, three global business segments: (1) Advisory Services; (2) Global Workplace Solutions and (3) Real Estate Investments. Effective January 1, 2021, we have realigned our organizational structure and performance measure to how our chief operating decision maker (CODM) views the company. This includes a “Corporate, other and elimination” component and a segment measurement of profit and loss referred to as segment operating profit.

Advisory Services provides a comprehensive range of services globally, including property leasing, property sales, mortgage services, property management, and valuation. Global Workplace Solutions provides a broad suite of integrated, contractually-based outsourcing services to occupiers of real estate, including facilities management and project management. Effective January 1, 2021, transaction services was fully moved under the Advisory Services segment and project management was fully moved under the Global Workplace Solutions segment. Previously transaction services and project management were split between the Global Workplace Solutions segment and the Advisory Services segment. Real Estate Investments includes: (i) investment management services provided globally; (ii) development services in the U.S. and U.K. and (iii) flexible office space solutions. Corporate and other includes activities not attributed to our core business, primarily consisting of corporate headquarters costs for executive officers and certain other central functions, as well as certain strategic equity investments. These costs, which were previously allocated to the business segments on a reasonable basis, are no longer allocated and are
reported under Corporate and other. It also includes eliminations related to inter-segment revenue. Prior period segment results for all of our reportable segments have been recast to conform to the above changes.
Segment operating profit is the measure reported to the CODM for purposes of making decisions about allocating resources to each segment and assessing performance of each segment. Segment operating profit represents earnings before net interest expense, write-off of financing costs on extinguished debt, income taxes, depreciation and amortization and asset impairments, as well as adjustments related to the following: certain carried interest incentive compensation expense (reversal) to align with the timing of associated revenue, fair value adjustments to real estate acquired in the Telford Acquisition (purchase accounting) that were sold in the period, costs incurred related to legal entity restructuring, and integration and other costs related to acquisitions. This metric excludes the impact of corporate overhead as these costs are now reported under Corporate and other.

Summarized financial information by segment is as follows (dollars in thousands):
Three Months Ended
March 31,
20212020
Revenue
Advisory Services$1,708,012 $1,802,687 
Global Workplace Solutions4,025,883 3,884,529 
Real Estate Investments211,129 211,470 
Corporate, other and eliminations(6,145)(9,518)
Total revenue5,938,879 5,889,168 
Segment operating profit
Advisory Services$332,300 $332,965 
Global Workplace Solutions152,177 106,967 
Real Estate Investments60,577 43,021 
Total reportable segment operating profit$545,054 $482,953 
Reconciliation of total reportable segment operating profit to net income is as follows (dollars in thousands):
Three Months Ended
March 31,
20212020
Net income attributable to CBRE Group, Inc.$266,202 $172,195 
Adjustments to increase (decrease) net income:
Depreciation and amortization122,078 113,794 
Asset impairments— 75,171 
Interest expense, net of interest income10,106 16,016 
Provision for income taxes76,327 51,182 
Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue
15,332 (7,784)
Impact of fair value adjustments to real estate assets acquired in the Telford Acquisition (purchase accounting)
     that were sold in period
1,099 5,753 
Costs incurred related to legal entity restructuring— 3,241 
Integration and other costs related to acquisitions— 783 
Corporate, other and eliminations loss53,910 52,602 
Total reportable segment operating profit$545,054 $482,953 
Our CODM is not provided with total asset information by segment and accordingly, does not measure or allocate total assets on a segment basis. As a result, we have not disclosed any asset information by segment.
Geographic Information

Revenue in the table below is allocated based upon the country in which services are performed (dollars in thousands):
Three Months Ended
March 31,
20212020
Revenue
United States$3,348,859 $3,380,317 
United Kingdom777,044 737,515 
All other countries1,812,976 1,771,336 
Total revenue$5,938,879 $5,889,168