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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,114 $ 1,265
Restricted cash 107 106
Receivables, less allowance for doubtful accounts of $101 and $102 at December 31, 2024 and 2023, respectively 7,005 6,370
Warehouse receivables 561 675
Contract assets 400 443
Prepaid expenses 332 333
Income taxes receivable 130 159
Other current assets 321 315
Total Current Assets 9,970 9,666
Property and equipment, net of accumulated depreciation and amortization of $1,795 and $1,576 at December 31, 2024 and 2023, respectively 914 907
Goodwill 5,621 5,129
Other intangible assets, net of accumulated amortization of $2,494 and $2,179 at December 31, 2024 and 2023, respectively 2,298 2,081
Operating lease assets 1,198 1,030
Investments in unconsolidated subsidiaries (with $890 and $997 at fair value at December 31, 2024 and 2023, respectively) 1,295 1,374
Non-current contract assets 89 75
Real estate under development 505 300
Non-current income taxes receivable 75 78
Deferred tax assets, net 538 361
Other assets, net 1,880 1,547
Total Assets 24,383 22,548
Current Liabilities:    
Accounts payable and accrued expenses 4,102 3,562
Compensation and employee benefits payable 1,419 1,459
Accrued bonus and profit sharing 1,695 1,556
Operating lease liabilities 200 242
Contract liabilities 375 298
Income taxes payable 209 217
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 552 666
Revolving credit facility 132 0
Other short-term borrowings 222 16
Current maturities of long-term debt 36 9
Other current liabilities 345 218
Total Current Liabilities 9,287 8,243
Long-term debt, net of current maturities 3,245 2,804
Non-current operating lease liabilities 1,307 1,089
Non-current income taxes payable 0 30
Non-current tax liabilities 160 157
Deferred tax liabilities, net 247 255
Other liabilities 945 903
Total Liabilities 15,191 13,481
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 302,052,229 and 304,889,140 shares issued and outstanding at December 31, 2024 and 2023, respectively 3 3
Additional paid-in capital 0 0
Accumulated earnings 9,567 9,188
Accumulated other comprehensive loss (1,159) (924)
Total CBRE Group, Inc. Stockholders’ Equity 8,411 8,267
Non-controlling interests 781 800
Total Equity 9,192 9,067
Total Liabilities and Equity $ 24,383 $ 22,548