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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 1,669 $ 1,114
Restricted cash 140 107
Receivables, less allowance for doubtful accounts of $121 and $101 at September 30, 2025 and December 31, 2024, respectively 7,562 7,005
Warehouse receivables 1,647 561
Contract assets 415 400
Prepaid expenses 415 332
Income taxes receivable 200 130
Other current assets 525 321
Total Current Assets 12,573 9,970
Property and equipment, net of accumulated depreciation and amortization of $2,065 and $1,795 at September 30, 2025 and December 31, 2024, respectively 976 914
Goodwill 6,400 5,621
Other intangible assets, net of accumulated amortization of $2,770 and $2,494 at September 30, 2025 and December 31, 2024, respectively 2,430 2,298
Operating lease assets 2,012 1,198
Investments in unconsolidated subsidiaries (with $438 and $890 at fair value at September 30, 2025 and December 31, 2024, respectively) 870 1,295
Non-current contract assets 120 89
Real estate under development 560 505
Non-current income taxes receivable 96 75
Deferred tax assets, net 692 538
Other assets 1,837 1,880
Total Assets 28,566 24,383
Current Liabilities:    
Accounts payable and accrued expenses 4,438 4,102
Compensation and employee benefits payable 1,490 1,419
Accrued bonus and profit sharing 1,288 1,695
Operating lease liabilities 277 200
Contract liabilities 382 375
Income taxes payable 100 209
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) 1,624 552
Revolving credit facilities 0 132
Other short-term borrowings 1,090 222
Current maturities of long-term debt 71 36
Other current liabilities 392 345
Total Current Liabilities 11,152 9,287
Long-term debt, net of current maturities 4,321 3,245
Non-current operating lease liabilities 2,098 1,307
Non-current tax liabilities 181 160
Deferred tax liabilities, net 242 247
Other liabilities 1,279 945
Total Liabilities 19,273 15,191
Mezzanine Equity:    
Redeemable non-controlling interests in consolidated entities 409 0
CBRE Group, Inc. Stockholders’ Equity:    
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 297,561,943 and 302,052,229 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 3 3
Additional paid-in capital 44 0
Accumulated earnings 9,768 9,567
Accumulated other comprehensive loss (1,280) (1,159)
Total CBRE Group, Inc. Stockholders’ Equity 8,535 8,411
Non-controlling interests 349 781
Total Equity 8,884 9,192
Total Liabilities and Equity $ 28,566 $ 24,383