XML 63 R47.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases [Abstract] |
Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to our leases is as follows (dollars in millions):
|  |  |  | December 31,
Category |  | Classification |  | 2023 |  | 2022
Assets |  |  |  |  |  |
Operating |  | Operating lease assets |  | $ | 1,030 |  |  | $ | 1,033 |
Financing |  | Other assets, net |  | 210 |  |  | 91 |
Total leased assets |  |  |  | $ | 1,240 |  |  | $ | 1,124 |
Liabilities |  |  |  |  |  |
Current: |  |  |  |  |  |
Operating |  | Operating lease liabilities |  | $ | 242 |  |  | $ | 230 |
Financing |  | Other current liabilities |  | 36 |  |  | 33 |
Non-current: |  |  |  |  |  |
Operating |  | Non-current operating lease liabilities |  | 1,089 |  |  | 1,080 |
Financing |  | Other liabilities |  | 72 |  |  | 58 |
Total lease liabilities |  |  |  | $ | 1,439 |  |  | $ | 1,401 |
Schedule of Components of Lease Costs | Components of lease cost are as follows (dollars in millions):
|  |  |  | Year Ended December 31,
Component |  | Classification |  | 2023 |  | 2022
Operating lease cost |  | Operating, administrative and other |  | $ | 220 |  |  | $ | 196 |
Financing lease cost: |  |  |  |  |  |
Amortization of right-to-use assets |  | (1) |  | 36 |  |  | 31 |
Interest on lease liabilities |  | Interest expense |  | 1 |  |  | 1 |
Variable lease cost |  | (2) |  | 115 |  |  | 79 |
Sublease income |  | Revenue |  | (5) |  |  | (4) |
Total lease cost |  |  |  | $ | 367 |  |  | $ | 303 |
________________________________________________________________________________________________________________________________________ (1)Amortization costs of $25.2 million and $26.4 million from vehicle finance leases utilized in client outsourcing arrangements are included in the “Cost of revenue” line item in the accompanying consolidated statements of operations for the years ended December 31, 2023 and 2022, respectively. Amortization costs of $10.8 million and $4.2 million from all other finance leases are included in the “Depreciation and amortization” line item in the accompanying consolidated statements of operations for the years ended December 31, 2023 and 2022, respectively. (2)Variable lease costs of $24.0 million and $23.6 million from leases in client outsourcing arrangements are included in the “Cost of revenue” line item in the accompanying consolidated statements of operations for the years ended December 31, 2023 and 2022, respectively. Variable lease costs of $64.1 million and $55.6 million from all other leases are included in the “Operating, administrative and other” line item in the accompanying consolidated statements of operations for the years ended December 31, 2023 and 2022, respectively.
Schedule of Weighted Average Remaining Lease Term and Discount Rate for Operating Leases | Weighted average remaining lease term and discount rate for our operating and finance leases are as follows:
| December 31,
| 2023 |  | 2022
Weighted-average remaining lease term: |  |  |
Operating leases (1) | 41 years |  | 42 years
Financing leases (2) | 71 years |  | 75 years
Weighted-average discount rate: |  |  |
Operating leases (1) | 4.8% |  | 4.5%
Financing leases (2) | 5.2% |  | 5.1%
________________________________________________________________________________________________________________________________________ (1)Operating leases as of December 31, 2023 and 2022 include three 90+ year leases on real estate under development. If excluded, the weighted-average remaining lease term would be 7 years (for both years) and weighted-average discount rate would be 3.5% as of December 31, 2023 and 3.0% as of December 31, 2022. (2)Finance leases as of December 31, 2023 and 2022 included a 99 year lease on real estate held for investment. If excluded, the weighted-average remaining lease term and weighted-average discount rate would be 3 years and 2.5%, respectively, as of December 31, 2023 and 3 years and 1.7%, respectively, as of December 31, 2022. This excludes certain land leases up to 999 years held by our U.K. development business.
Schedule of Maturities of Lease Liabilities | Maturities of lease liabilities by fiscal year as of December 31, 2023 are as follows (dollars in millions):
| Operating Leases |  | Financing Leases
2024 | $ | 239 |  |  | $ | 38 |
2025 | 226 |  |  | 27 |
2026 | 210 |  |  | 19 |
2027 | 161 |  |  | 11 |
2028 | 127 |  |  | 4 |
Thereafter | 1,241 |  |  | 218 |
Total remaining lease payments at December 31, 2023 | 2,204 |  |  | 317 |
Less: Interest | 873 |  |  | 209 |
Present value of lease liabilities at December 31, 2023 | $ | 1,331 |  |  | $ | 108 |
Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases | Supplemental cash flow information and non-cash activity related to our operating and financing leases are as follows (dollars in millions):
| Year Ended December 31,
| 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash outflows from operating leases | $ | 237 |  |  | $ | 237 |
Operating cash outflows from financing leases | 3 |  |  | 2 |
Financing cash outflows from financing leases | 38 |  |  | 38 |
Right-of-use assets obtained in exchange for new operating lease liabilities | 154 |  |  | 164 |
Right-of-use assets obtained in exchange for new financing lease liabilities | 54 |  |  | 31 |
Other non-cash increases in operating lease right-of-use assets (1) | 6 |  |  | 32 |
Other non-cash increases in financing lease right-of-use assets (1) | 100 |  |  | 6 |
________________________________________________________________________________________________________________________________________ (1)The non-cash activity in the right-of-use assets resulted from lease modifications/remeasurements and terminations.

X
- Definition Schedule of maturities of operating and finance leases liabilities. + References No definition available. + Details
Name: | cbre_ScheduleOfMaturitiesOfOperatingAndFinanceLeasesLiabilitiesTableTextBlock
Namespace Prefix: | cbre_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of supplemental balance sheet information related to leases. + References No definition available. + Details
Name: | cbre_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock
Namespace Prefix: | cbre_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of supplemental cash flow information and non-cash activity related to operating leases. + References No definition available. + Details
Name: | cbre_ScheduleOfSupplementalCashFlowInformationAndNonCashActivityRelatedToOperatingLeasesTableTextBlock
Namespace Prefix: | cbre_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of weighted average remaining lease term and discount rate. + References No definition available. + Details
Name: | cbre_ScheduleOfWeightedAverageRemainingLeaseTermAndDiscountRateTableTextBlock
Namespace Prefix: | cbre_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration