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Segments (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Summarized Financial Information by Segment

Summarized financial information by segment is as follows (dollars in millions):

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Revenue
Advisory Services			$	2,218					$	2,042					$	4,122					$	3,895
Global Workplace Solutions			5,944						5,426						11,753						10,764
Real Estate Investments			232						256						460						480
Corporate, other and eliminations (1)			(3)						(4)						(9)						(8)
Total revenue			$	8,391					$	7,720					$	16,326					$	15,131
Segment Operating Profit
Advisory Services			$	344					$	315					$	606					$	585
Global Workplace Solutions			258						233						490						462
Real Estate Investments			10						33						44						165
Total reportable segment operating profit			$	612					$	581					$	1,140					$	1,212

________________________________________________________________________________________________________________________________________

(1)Eliminations represent revenue from transactions with other operating segments. See Note 13.

Schedule of Reconciliation of Reportable Segment Operating Profit to Net Income

Reconciliation of total reportable segment operating profit to net income is as follows (dollars in millions):

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Net income attributable to CBRE Group, Inc.			$	130					$	201					$	256					$	318
Net income attributable to non-controlling interests			12						5						34						13
Net income			142						206						290						331
Adjustments to increase (decrease) net income:
Depreciation and amortization			161						155						319						316
Interest expense, net of interest income			63						43						99						71
Provision for income taxes			32						55						3						84
Costs associated with efficiency and cost-reduction initiatives			67						3						97						141
Charges related to indirect tax settlement			13						—						13						—
Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue			1						(1)						15						6
Costs incurred related to legal entity restructuring			—						—						2						—
Integration and other costs related to acquisitions (1)			13						36						8						54
Corporate and other loss, including eliminations			120						84						294						209
Total reportable segment operating profit			$	612					$	581					$	1,140					$	1,212

________________________________________________________________________________________________________________________________________

(1)During the first quarter of 2024, we incurred integration and other costs related to acquisitions of $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.

Schedule of Geographic Information

Revenue in the table below is allocated based upon the country in which services are performed (dollars in millions):

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Revenue
United States			$	4,670					$	4,211					$	9,092					$	8,356
United Kingdom			1,195						1,056						2,280						2,051
All other countries			2,526						2,453						4,954						4,724
Total revenue			$	8,391					$	7,720					$	16,326					$	15,131

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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