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Efficiency and Cost-Reduction Initiatives (Tables)

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

Summary of Expense Incurred By Segments

The following table presents the detail of expense incurred by segment (dollars in thousands):

			Six Months Ended June 30, 2023
			Advisory Services						Global Workplace Solutions						Real Estate Investments						Corporate						Consolidated
Employee separation benefits			$	19,158					$	29,858					$	13,158					$	2,538					$	64,712
Lease exit costs			39,273						731						4,204						1,143						45,351
Professional fees and other			5,963						19,209						4,097						1,225						30,494
Subtotal			64,394						49,798						21,459						4,906						140,557
Depreciation expense			5,453						44						3,482						—						8,979
Total			$	69,847					$	49,842					$	24,941					$	4,906					$	149,536

Of the total expenses above, $2.3 million were incurred during the three months ended June 30, 2023 and the remaining $147.2 million were incurred during the three months ended March 31, 2023.

Schedule of Liability Balance Associated with major Cash-based Charges

The following table shows ending liability balance associated with major cash-based charges (dollars in thousands):

			Employee separation benefits						Professional fees and other
Balance at December 31, 2022			$	37,014					$	10,600
Expense incurred			64,712						30,494
Payments made			(77,215)						(41,094)
Balance at June 30, 2023			$	24,511					$	—

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Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

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