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Business Segments (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Summary of financial information by business segment

Summarized financial information by business segment is as follows.

	Year Ended December 31,
($ in millions)	2016			2015		2014
Real Estate Services
Americas
Revenue	$	2,965.9		2,605.5		2,319.1
Gross contract costs	(192.0		)	(212.1	)	(210.4	)
Net non-cash MSR and mortgage banking derivative activity	(23.5		)	0.8		—
Total fee revenue	2,750.4			2,394.2		2,108.7
Operating expenses:
Compensation, operating and administrative expenses	2,620.6			2,297.1		2,045.3
Depreciation and amortization	84.6			63.2		55.2
Total segment operating expenses	2,705.2			2,360.3		2,100.5
Gross contract costs	(192.0		)	(212.1	)	(210.4	)
Total fee-based segment operating expenses	2,513.2			2,148.2		1,890.1
Segment operating income	260.7			245.2		218.6
Equity earnings	1.2			5.9		0.8
Total segment income	$	261.9		251.1		219.4
EMEA
Revenue	$	2,077.5		1,803.1		1,632.6
Gross contract costs	(563.3		)	(397.4	)	(316.4	)
Total fee revenue	1,514.2			1,405.7		1,316.2
Operating expenses:
Compensation, operating and administrative expenses	1,961.3			1,631.2		1,488.0
Depreciation and amortization	37.1			27.2		23.8
Total segment operating expenses	1,998.4			1,658.4		1,511.8
Gross contract costs	(563.3		)	(397.4	)	(316.4	)
Total fee-based segment operating expenses	1,435.1			1,261.0		1,195.4
Segment operating income	79.1			144.7		120.8
Equity (losses) earnings	(0.1		)	0.8		—
Total segment income	$	79.0		145.5		120.8

Continued: Summarized financial information by business segment is as follows.

	Year Ended December 31,
($ in millions)	2016			2015		2014
Real Estate Services
Asia Pacific
Revenue	$	1,352.6		1,160.1		1,109.8
Gross contract costs	(268.2		)	(191.8	)	(201.1	)
Total fee revenue	1,084.4			968.3		908.7
Operating expenses:
Compensation, operating and administrative expenses	1,248.9			1,058.1		1,012.7
Depreciation and amortization	17.3			15.5		13.3
Total segment operating expenses	1,266.2			1,073.6		1,026.0
Gross contract costs	(268.2		)	(191.8	)	(201.1	)
Total fee-based segment operating expenses	998.0			881.8		824.9
Segment operating income	86.4			86.5		83.8
Equity earnings	1.1			0.7		0.4
Total segment income	$	87.5		87.2		84.2
LaSalle
Revenue	$	407.8		397.0		368.1
Operating expenses:
Compensation, operating and administrative expenses	322.1			307.3		281.0
Depreciation and amortization	2.8			2.2		2.1
Total segment operating expenses	324.9			309.5		283.1
Segment operating income	82.9			87.5		85.0
Equity earnings	31.5			70.1		47.0
Total segment income	$	114.4		157.6		132.0
Segment Reconciling Items
Total revenue	6,803.8			5,965.7		5,429.6
Total segment operating expenses before restructuring and acquisition charges	6,294.7			5,401.8		4,921.5
Operating income before restructuring and acquisition charges	509.1			563.9		508.1
Restructuring and acquisition charges	68.5			34.1		42.5
Operating income	$	440.6		529.8		465.6

Reconciliation of segment identifiable assets and segment investments in real estate ventures to consolidated

The following table reconciles segment identifiable assets and investments in real estate ventures to consolidated amounts.

	December 31, 2016						December 31, 2015
($ in millions)	IDENTIFIABLE ASSETS			INVESTMENTS IN REAL ESTATE VENTURES			IDENTIFIABLE ASSETS			INVESTMENTS IN REAL ESTATE VENTURES
Real Estate Services:
Americas	$	4,001.0		10.7			$	3,174.7		9.4
EMEA	1,864.7			2.8			1,486.7			1.0
Asia Pacific	1,065.3			7.5			901.2			3.8
LaSalle	558.6			334.4			513.9			297.3
Corporate	139.8			—			110.6			—
Consolidated	$	7,629.4		355.4			$	6,187.1		311.5

Reconciliation of segment property and equipment expenditures to consolidated

The table below reconciles segment property and equipment expenditures to consolidated expenditures.

	Year Ended December 31,
($ in millions)	2016			2015		2014
Real Estate Services:
Americas	$	141.6		55.5		62.9
EMEA	54.2			42.9		40.4
Asia Pacific	16.1			14.4		16.4
LaSalle	67.9			8.4		2.0
Corporate	36.2			27.9		35.2
Total capital expenditures (1)	316.0			149.1		156.9

(1) Included in total capital expenditures for the years ended December 31, 2016, 2015 and 2014, were $99.8 million, $1.3 million, and $24.2 million, respectively, related to acquisition of investment properties by less than wholly-owned consolidated VIEs.

Schedule of revenue and assets from most significant currencies

The following table sets forth the revenue and assets from our most significant currencies.

	TOTAL REVENUE								TOTAL ASSETS
	Year Ended December 31,								December 31,
($ in millions)	2016			2015		2014			2016			2015
United States dollar	$	2,948.5		2,536.4		2,214.1			$	4,615.3		3,635.3
British pound	1,007.3			915.5		833.4			1,005.3			839.5
Euro	880.7			748.7		701.8			581.0			497.4
Australian dollar	345.9			303.0		303.1			215.5			212.1
Hong Kong dollar	246.9			186.7		170.5			161.1			129.0
Indian rupee	216.2			189.4		155.1			182.0			150.1
Japanese yen	199.1			170.0		155.1			89.5			53.1
Chinese yuan	196.2			178.6		169.2			147.2			107.2
Singapore dollar	104.0			123.2		157.7			131.8			123.1
Other currencies	659.0			614.2		569.6			500.7			440.3
	$	6,803.8		5,965.7		5,429.6			$	7,629.4		6,187.1

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