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v3.25.3

Goodwill - Schedule of Changes in Goodwill by Segment (Details) - USD ($) $ in Millions | 9 Months Ended |
--- | --- | ---
Sep. 30, 2025 | Dec. 31, 2024
Goodwill [Roll Forward] |  |
Beginning goodwill | $ 5,621 |
Reallocation | 0 |
Acquisitions | 590 |
Foreign exchange movement | 189 |
Ending goodwill | 6,400 |
Advisory Services |  |
Goodwill [Roll Forward] |  |
Beginning goodwill | 2,596 |
Reallocation | (290) |
Acquisitions | 24 |
Foreign exchange movement | 55 |
Ending goodwill | 2,385 |
Accumulated impairment losses |  | $ (673)
Global Workplace Solutions |  |
Goodwill [Roll Forward] |  |
Beginning goodwill | 2,614 |
Reallocation | (2,614) |
Acquisitions | 0 |
Foreign exchange movement | 0 |
Ending goodwill | 0 |
Building Operations & Experience |  |
Goodwill [Roll Forward] |  |
Beginning goodwill | 0 |
Reallocation | 1,578 |
Acquisitions | 566 |
Foreign exchange movement | 74 |
Ending goodwill | 2,218 |
Accumulated impairment losses |  | (175)
Project Management |  |
Goodwill [Roll Forward] |  |
Beginning goodwill | 0 |
Reallocation | 1,326 |
Acquisitions | 0 |
Foreign exchange movement | 49 |
Ending goodwill | 1,375 |
Accumulated impairment losses |  | (89)
Real Estate Investments |  |
Goodwill [Roll Forward] |  |
Beginning goodwill | 411 |
Reallocation | 0 |
Acquisitions | 0 |
Foreign exchange movement | 11 |
Ending goodwill | $ 422 |
Accumulated impairment losses |  | $ (183)

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