XML 49 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Segments (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Summarized Unaudited Financial Information by Business Segments
Summarized financial information by business segment is as follows.
 
Three Months Ended June 30,
Six Months Ended June 30,
(in millions)
2016
2015
2016
2015
Real Estate Services
 
 
 
 
Americas
 
 
 
 
Revenue
$
672.9

597.5

$
1,276.4

1,151.7

Equity earnings
0.4

0.5

0.7

0.9

Total segment revenue
673.3

598.0

1,277.1

1,152.6

Gross contract costs
(43.4
)
(52.9
)
(92.2
)
(105.9
)
Total segment fee revenue
629.9

545.1

1,184.9

1,046.7

Operating expenses:
 

 

 

 

Compensation, operating and administrative expenses
607.4

536.7

1,162.0

1,040.3

Depreciation and amortization
18.4

15.3

37.3

30.9

Total segment operating expenses
625.8

552.0

1,199.3

1,071.2

Gross contract costs
(43.4
)
(52.9
)
(92.2
)
(105.9
)
Total fee-based segment operating expenses
582.4

499.1

1,107.1

965.3

Operating income
$
47.5

46.0

$
77.8

81.4

 
 
 
 
 
EMEA
 
 
 
 
Revenue
$
481.3

416.3

$
850.7

742.0

Equity earnings (losses)
—

1.1

(0.1
)
0.8

Total segment revenue
481.3

417.4

850.6

742.8

Gross contract costs
(148.2
)
(90.1
)
(261.1
)
(161.9
)
Total segment fee revenue
333.1

327.3

589.5

580.9

Operating expenses:
 

 

 

 

Compensation, operating and administrative expenses
453.1

379.1

826.8

702.2

Depreciation and amortization
8.2

6.1

15.8

11.3

Total segment operating expenses
461.3

385.2

842.6

713.5

Gross contract costs
(148.2
)
(90.1
)
(261.1
)
(161.9
)
Total fee-based segment operating expenses
313.1

295.1

581.5

551.6

Operating income
$
20.0

32.2

$
8.0

29.3

Continued: Summarized financial information by business segment is as follows.
 
Three Months Ended June 30,
Six Months Ended June 30,
(in millions)
2016
2015
2016
2015
Real Estate Services
 
 
 
 
Asia Pacific
 
 
 
 
Revenue
$
322.4

279.6

$
585.8

517.3

Equity (losses) earnings
(0.1
)
0.1

—

—

Total segment revenue
322.3

279.7

585.8

517.3

Gross contract costs
(66.6
)
(48.7
)
(124.2
)
(98.3
)
Total segment fee revenue
255.7

231.0

461.6

419.0

Operating expenses:
 

 

 

 

Compensation, operating and administrative expenses
299.9

259.9

561.4

489.5

Depreciation and amortization
4.1

3.6

8.2

7.2

Total segment operating expenses
304.0

263.5

569.6

496.7

Gross contract costs
(66.6
)
(48.7
)
(124.2
)
(98.3
)
Total fee-based segment operating expenses
237.4

214.8

445.4

398.4

Operating income
$
18.3

16.2

$
16.2

20.6

 
 
 
 
 
LaSalle
 

 

 

 

Revenue
$
127.0

80.1

$
227.5

166.0

Equity earnings
8.9

25.4

21.6

36.8

Total segment revenue
135.9

105.5

249.1

202.8

Operating expenses:
 

 





Compensation, operating and administrative expenses
87.6

67.5

166.4

136.4

Depreciation and amortization
0.7

0.5

1.3

1.0

Total segment operating expenses
88.3

68.0

167.7

137.4

Operating income
$
47.6

37.5

$
81.4

65.4

 
 
 
 
 
Segment Reconciling Items
 

 

 

 

Total segment revenue
$
1,612.8

1,400.6

$
2,962.6

2,615.5

Reclassification of equity earnings
9.2

27.1

22.2

38.5

Total revenue
1,603.6

1,373.5

2,940.4

2,577.0

Total segment operating expenses before restructuring and acquisition charges
1,479.4

1,268.7

2,779.2

2,418.8

Operating income before restructuring and acquisition charges
124.2

104.8

161.2

158.2

Restructuring and acquisition charges
10.3

1.8

17.9

2.6

Operating income
$
113.9

103.0

$
143.3

155.6