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Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
We account for revenue with customers in accordance with FASB ASC Topic, “Revenue from Contracts with Customers” (Topic 606). Revenue is recognized when or as control of the promised services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to receive in exchange for those services.
Disaggregated Revenue
The following tables represent a disaggregation of revenue from contracts with customers by type of service and/or segment (dollars in millions):
Three Months Ended June 30, 2024
Advisory
Services		Global
Workplace
Solutions		Real Estate
Investments		Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $4,127 $— $— $4,127 
Project management— 1,817 — — 1,817 
Advisory leasing884 — — — 884 
Advisory sales386 — — — 386 
Property management555 — — (3)552 
Valuation184 — — — 184 
Commercial mortgage origination (1)
44 — — — 44 
Loan servicing (2)
22 — — — 22 
Investment management— — 149 — 149 
Development services— — 80 — 80 
Topic 606 Revenue2,075 5,944 229 (3)8,245 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination81 — — — 81 
Loan servicing62 — — — 62 
Development services (3)
— — 3 — 3 
Total Out of Scope of Topic 606 Revenue143 — 3 — 146 
Total Revenue$2,218 $5,944 $232 $(3)$8,391 
Three Months Ended June 30, 2023
Advisory
Services		Global
Workplace
Solutions		Real Estate
Investments		Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $3,687 $— $— $3,687 
Project management— 1,739 — — 1,739 
Advisory leasing814 — — — 814 
Advisory sales398 — — — 398 
Property management481 — — (4)477 
Valuation180 — — — 180 
Commercial mortgage origination (1)
32 — — — 32 
Loan servicing (2)
18 — — — 18 
Investment management— — 151 — 151 
Development services— — 103 — 103 
Topic 606 Revenue1,923 5,426 254 (4)7,599 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination58 — — — 58 
Loan servicing61 — — — 61 
Development services (3)
— — 2 — 2 
Total Out of Scope of Topic 606 Revenue119 — 2 — 121 
Total Revenue$2,042 $5,426 $256 $(4)$7,720 
Six Months Ended June 30, 2024
Advisory
Services
Global Workplace
Solutions
Real Estate
Investments		Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $8,193 $— $— $8,193 
Project management— 3,560 — — 3,560 
Advisory leasing1,624 — — — 1,624 
Advisory sales712 — — — 712 
Property management1,051 — — (9)1,042 
Valuation351 — — — 351 
Commercial mortgage origination (1)
73 — — — 73 
Loan servicing (2)
42 — — — 42 
Investment management— — 298 — 298 
Development services— — 158 — 158 
Topic 606 Revenue3,853 11,753 456 (9)16,053 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination146 — — — 146 
Loan servicing123 — — — 123 
Development services (3)
— — 4 — 4 
Total Out of Scope of Topic 606 Revenue269 — 4 — 273 
Total Revenue$4,122 $11,753 $460 $(9)$16,326 
Six Months Ended June 30, 2023
Advisory
Services		Global
Workplace
Solutions		Real Estate
Investments		Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $7,367 $— $— $7,367 
Project management— 3,397 — — 3,397 
Advisory leasing1,523 — — — 1,523 
Advisory sales765 — — — 765 
Property management945 — — (8)937 
Valuation345 — — — 345 
Commercial mortgage origination (1)
57 — — — 57 
Loan servicing (2)
35 — — — 35 
Investment management— — 299 — 299 
Development services— — 177 — 177 
Topic 606 Revenue3,670 10,764 476 (8)14,902 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination104 — — — 104 
Loan servicing121 — — — 121 
Development services (3)
— — 4 — 4 
Total Out of Scope of Topic 606 Revenue225 — 4 — 229 
Total Revenue$3,895 $10,764 $480 $(8)$15,131 
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(1)We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606.
(2)Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606.
(3)Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842.
Contract Assets and Liabilities
We had contract assets totaling $545.2 million ($453.6 million of which was current) and $517.4 million ($442.9 million of which was current) as of June 30, 2024 and December 31, 2023, respectively.
We had contract liabilities totaling $311.0 million (all of which was current) and $304.3 million ($297.6 million of which was current) as of June 30, 2024 and December 31, 2023, respectively. During the three and six months ended June 30, 2024, we recognized revenue of $57.8 million and $189.7 million, respectively, that was included in the contract liability balance at December 31, 2023. The majority of contract liabilities are recognized as revenue within 90 days.