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Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
We account for revenue with customers in accordance with FASB ASC Topic, “Revenue from Contracts with Customers” (Topic 606). Revenue is recognized when or as control of the promised services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to receive in exchange for those services.

Disaggregated Revenue

The following tables represent a disaggregation of revenue from contracts with customers by type of service and/or segment (dollars in thousands):
Three Months Ended June 30, 2021
Advisory
Services		Global
Workplace
Solutions		Real Estate
Investments		Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $3,435,754 $— $— $3,435,754 
Advisory leasing692,908 — — — 692,908 
Advisory sales611,834 — — — 611,834 
Property management423,244 — — (4,457)418,787 
Project management— 646,968 — — 646,968 
Valuation181,226 — — — 181,226 
Commercial mortgage origination (1)
72,211 — — — 72,211 
Loan servicing (2)
5,118 — — — 5,118 
Investment management— — 139,271 — 139,271 
Development services— — 92,514 — 92,514 
Topic 606 Revenue1,986,541 4,082,722 231,785 (4,457)6,296,591 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination89,667 — — — 89,667 
Loan servicing60,777 — — — 60,777 
Development services (3)
— — 11,578 — 11,578 
Total Out of Scope of Topic 606 Revenue150,444 — 11,578 — 162,022 
Total Revenue$2,136,985 $4,082,722 $243,363 $(4,457)$6,458,613 
Three Months Ended June 30, 2020
Advisory
Services (4)
Global
Workplace
Solutions (4)
Real Estate
Investments
Corporate, other and eliminations (4)
Consolidated
Topic 606 Revenue:
Facilities management$— $3,297,039 $— $— $3,297,039 
Advisory leasing521,778 — — — 521,778 
Advisory sales243,007 — — — 243,007 
Property management400,110 — — (4,892)395,218 
Project management— 473,394 — — 473,394 
Valuation131,837 — — — 131,837 
Commercial mortgage origination (1)
20,115 — — — 20,115 
Loan servicing (2)
9,021 — — — 9,021 
Investment management— — 103,132 — 103,132 
Development services— — 57,700 — 57,700 
Topic 606 Revenue1,325,868 3,770,433 160,832 (4,892)5,252,241 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination80,335 — — — 80,335 
Loan servicing48,029 — — — 48,029 
Development services (3)
— — 779 — 779 
Total Out of Scope of Topic 606 Revenue128,364 — 779 — 129,143 
Total Revenue$1,454,232 $3,770,433 $161,611 $(4,892)$5,381,384 
_______________________________
(1)We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606.
(2)Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606.
(3)Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842.
(4)Prior period segment results have been recast to conform to the changes as discussed in Note 14.
Six Months Ended June 30, 2021
Advisory
Services		Global
Workplace
Solutions		Real Estate
Investments		Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $6,915,255 $— $— $6,915,255 
Advisory leasing1,213,124 — — — 1,213,124 
Advisory sales1,004,146 — — — 1,004,146 
Property management850,432 — — (10,602)839,830 
Project management— 1,193,350 — — 1,193,350 
Valuation340,816 — — — 340,816 
Commercial mortgage origination (1)
105,962 — — — 105,962 
Loan servicing (2)
20,505 — — — 20,505 
Investment management— — 271,342 — 271,342 
Development services— — 170,692 — 170,692 
Topic 606 Revenue3,534,985 8,108,605 442,034 (10,602)12,075,022 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination195,782 — — — 195,782 
Loan servicing114,230 — — — 114,230 
Development services (3)
— — 12,458 — 12,458 
Total Out of Scope of Topic 606 Revenue310,012 — 12,458 — 322,470 
Total Revenue$3,844,997 $8,108,605 $454,492 $(10,602)$12,397,492 
Six Months Ended June 30, 2020
Advisory
Services (4)
Global
Workplace
Solutions (4)
Real Estate
Investments
Corporate, other and eliminations (4)
Consolidated
Topic 606 Revenue:
Facilities management$— $6,632,832 $— $— $6,632,832 
Advisory leasing1,146,806 — — (2,134)1,144,672 
Advisory sales674,676 — — — 674,676 
Property management818,591 — — (12,276)806,315 
Project management— 1,022,130 — — 1,022,130 
Valuation279,575 — — — 279,575 
Commercial mortgage origination (1)
58,003 — — — 58,003 
Loan servicing (2)
20,430 — — — 20,430 
Investment management— — 224,809 — 224,809 
Development services— — 133,926 — 133,926 
Topic 606 Revenue2,998,081 7,654,962 358,735 (14,410)10,997,368 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination165,538 — — — 165,538 
Loan servicing93,300 — — — 93,300 
Development services (3)
— — 14,346 — 14,346 
Total Out of Scope of Topic 606 Revenue258,838 — 14,346 — 273,184 
Total Revenue$3,256,919 $7,654,962 $373,081 $(14,410)$11,270,552 
_______________________________
(1)We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606.
(2)Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606.
(3)Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842.
(4)Prior period segment results have been recast to conform to the changes as discussed in Note 14.

Contract Assets and Liabilities

We had contract assets totaling $460.9 million ($322.9 million of which was current) and $471.8 million ($318.2 million of which was current) as of June 30, 2021 and December 31, 2020, respectively.
We had contract liabilities totaling $200.7 million ($197.4 million of which was current) and $164.1 million ($162.0 million of which was current) as of June 30, 2021 and December 31, 2020, respectively. During the six months ended June 30, 2021, we recognized revenue of $142.4 million that was included in the contract liability balance at December 31, 2020.