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Segments
 6 Months Ended
Jun. 30, 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 investment management services provided globally, development services in the U.S. and U.K. and 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, impact of fair value adjustments to real estate assets acquired in the Telford Acquisition (purchase accounting) that were sold in the period, costs incurred related to legal entity restructuring, costs associated with workforce optimization efforts 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
June 30,		Six Months Ended
June 30,
2021202020212020
Revenue
Advisory Services$2,136,985 $1,454,232 $3,844,997 $3,256,919 
Global Workplace Solutions4,082,722 3,770,433 8,108,605 7,654,962 
Real Estate Investments243,363 161,611 454,492 373,081 
Corporate, other and eliminations(4,457)(4,892)(10,602)(14,410)
Total revenue$6,458,613 $5,381,384 $12,397,492 $11,270,552 
Segment operating profit
Advisory Services$464,297 $202,112 $796,597 $535,076 
Global Workplace Solutions170,152 127,490 322,329 234,457 
Real Estate Investments153,463 24,654 214,040 67,675 
Total reportable segment operating profit$787,912 $354,256 $1,332,966 $837,208 
Reconciliation of total reportable segment operating profit to net income is as follows (dollars in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2021202020212020
Net income attributable to CBRE Group, Inc.$442,637 $81,897 $708,839 $254,092 
Adjustments to increase (decrease) net income:
Depreciation and amortization119,085 116,384 241,163 230,178 
Asset impairments— — — 75,171 
Interest expense, net of interest income13,772 17,950 23,878 33,966 
Provision for income taxes133,445 18,803 209,772 69,985 
Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue1,672 (7,500)17,004 (15,284)
Impact of fair value adjustments to real estate assets acquired in the Telford Acquisition (purchase accounting) that were sold in period(374)1,247 725 7,000 
Costs incurred related to legal entity restructuring— 693 — 3,934 
Integration and other costs related to acquisitions8,134 236 8,134 1,019 
Costs associated with workforce optimization efforts (1)
— 37,594 — 37,594 
Corporate and other loss, including eliminations69,541 86,952 123,451 139,553 
Total reportable segment operating profit$787,912 $354,256 $1,332,966 $837,208 
_______________________________
(1)Primarily represents costs incurred related to workforce optimization initiated and executed in the second quarter of 2020 as part of management’s cost containment efforts in response to the Covid-19 pandemic. The charges are cash expenditures primarily for severance costs incurred related to this effort. of the total costs, $7.4 million was included within the “Cost of revenue” line item and $30.2 million was included in the “Operating, administrative and other” line item in the accompanying consolidated statements of operations for both the three and six months ended June 30, 2020.
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
June 30,		Six Months Ended
June 30,
2021202020212020
Revenue
United States$3,563,704 $3,089,794 $6,912,563 $6,470,357 
United Kingdom832,938 677,880 1,609,981 1,451,895 
All other countries2,061,971 1,613,710 3,874,948 3,348,300 
Total revenue$6,458,613 $5,381,384 $12,397,492 $11,270,552