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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill by Segment
The following table summarizes the changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 (dollars in thousands):
Advisory
Services
Global
Workplace
Solutions
Real Estate
Investments
Total
Balance as of December 31, 2020
Goodwill$3,348,788 $937,797 $628,530 $4,915,115 
Accumulated impairment losses(761,448)(175,473)(156,585)(1,093,506)
2,587,340 762,324 471,945 3,821,609 
Reallocation(101,390)101,390 — — 
Purchase accounting entries related to acquisitions77,616 1,167,678 — 1,245,294 
Impairment— — — — 
Foreign exchange movement(26,520)(32,836)(12,372)(71,728)
Balance as of December 31, 2021
Goodwill3,298,494 2,174,029 616,158 6,088,681 
Accumulated impairment losses(761,448)(175,473)(156,585)(1,093,506)
2,537,046 1,998,556 459,573 4,995,175 
Purchase accounting entries related to acquisitions19,909 60,443 — 80,352 
Impairment— — (26,405)(26,405)
Foreign exchange movement(35,973)(123,837)(20,930)(180,740)
Balance as of December 31, 2022
Goodwill3,282,430 2,110,635 595,228 5,988,293 
Accumulated impairment losses(761,448)(175,473)(182,990)(1,119,911)
$2,520,982 $1,935,162 $412,238 $4,868,382 
Schedule of Indefinite-Lived Intangible Assets
Other intangible assets totaled $2.2 billion, net of accumulated amortization of $1.9 billion as of December 31, 2022, and $2.4 billion, net of accumulated amortization of $1.7 billion, as of December 31, 2021 and are comprised of the following (dollars in thousands):
December 31,
20222021
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Unamortizable intangible assets:
Management contracts$60,176 $63,153 
Trademarks311,644 329,224 
371,820 392,377 
Amortizable intangible assets:
Customer relationships1,637,237 $(774,385)1,612,308 $(667,668)
Mortgage servicing rights1,029,540 (468,901)1,005,357 (426,841)
Trademarks/Trade names305,486 (129,244)350,548 (126,468)
Management contracts148,890 (145,650)151,912 (137,906)
Covenant not to compete3,720 (811)73,750 (73,750)
Other611,738 (396,734)548,455 (292,647)
3,736,611 (1,915,725)3,742,330 (1,725,280)
Total intangible assets$4,108,431 $(1,915,725)$4,134,707 $(1,725,280)
Schedule of Finite-Lived Intangible Assets
Other intangible assets totaled $2.2 billion, net of accumulated amortization of $1.9 billion as of December 31, 2022, and $2.4 billion, net of accumulated amortization of $1.7 billion, as of December 31, 2021 and are comprised of the following (dollars in thousands):
December 31,
20222021
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Unamortizable intangible assets:
Management contracts$60,176 $63,153 
Trademarks311,644 329,224 
371,820 392,377 
Amortizable intangible assets:
Customer relationships1,637,237 $(774,385)1,612,308 $(667,668)
Mortgage servicing rights1,029,540 (468,901)1,005,357 (426,841)
Trademarks/Trade names305,486 (129,244)350,548 (126,468)
Management contracts148,890 (145,650)151,912 (137,906)
Covenant not to compete3,720 (811)73,750 (73,750)
Other611,738 (396,734)548,455 (292,647)
3,736,611 (1,915,725)3,742,330 (1,725,280)
Total intangible assets$4,108,431 $(1,915,725)$4,134,707 $(1,725,280)