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Segments
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segments Segments
Summarized financial information by segment is as follows (dollars in millions):
Three Months Ended
March 31,
20242023
Revenue
Advisory Services$1,904 $1,854 
Global Workplace Solutions5,809 5,338 
Real Estate Investments228 223 
Corporate, other and eliminations (1)
(6)(4)
Total revenue$7,935 $7,411 
Segment Operating Profit
Advisory Services$262 $270 
Global Workplace Solutions232 230 
Real Estate Investments34 131 
Total reportable segment operating profit$528 $631 
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(1)Eliminations represent revenue from transactions with other operating segments. See Note 13.
Reconciliation of total reportable segment operating profit to net income is as follows (dollars in millions):
Three Months Ended
March 31,
20242023
Net income attributable to CBRE Group, Inc.$126 $117 
Net income attributable to non-controlling interests22 
Net income148 125 
Adjustments to increase (decrease) net income:
Depreciation and amortization158 162 
Interest expense, net of interest income36 28 
(Benefit from) provision for income taxes(29)28 
Costs associated with efficiency and cost-reduction initiatives29 139 
Carried interest incentive compensation expense to align with the timing of associated revenue14 
Costs incurred related to legal entity restructuring— 
Integration and other costs related to acquisitions (1)
(4)18 
Corporate and other loss, including eliminations175 124 
Total reportable segment operating profit$528 $631 
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(1)During the three months ended March 31, 2024, integration and other costs related to acquisitions include $17.5 million in deal and integration costs, offset by reversal of $21.7 million in previously recognized transaction-related bonus expense due to change in estimate.
Our chief operating decision maker 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 millions):
Three Months Ended
March 31,
20242023
Revenue
United States$4,422 $4,145 
United Kingdom1,085 995 
All other countries2,428 2,271 
Total revenue$7,935 $7,411