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Business Combinations, Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Business Acquistion, Pro Forma Results [Line Items]  
Business Acquistion, Pro Forma Results [Table Text Block]
The following table provides unaudited pro forma results of operations as if all 2016 acquisitions occurred on January 1, 2015.
Unaudited Pro Forma Results of Operations for the Year Ended December 31,
 
($ in millions)
2016
2015
Revenue
$
7,268.0

6,844.1

Net income attributable to common shareholders
341.4

473.2

Movements in Goodwill by Reporting Segment
The following table details, by reporting segment, the annual movements in goodwill.
($ in millions)
Americas
EMEA
Asia
Pacific
LaSalle
Consolidated
Balance as of December 31, 2014
$
1,008.3

650.4

230.8

18.4

1,907.9

Additions, net of adjustments
153.7

92.7

41.9


288.3

Impact of exchange rate movements
(0.9
)
(46.9
)
(6.1
)
(0.8
)
(54.7
)
Balance as of December 31, 2015
1,161.1

696.2

266.6

17.6

2,141.5

Additions, net of adjustments
244.3

253.8

41.7


539.8

Impact of exchange rate movements
0.7

(98.3
)
(2.2
)
(2.2
)
(102.0
)
Balance as of December 31, 2016
$
1,406.1

851.7

306.1

15.4

2,579.3

Movements in Gross Carrying Amount and Accumulated Amortization of Finite-Lived Intangible Assets
The following table details, by reporting segment, the annual movements in the gross carrying amount and accumulated amortization of our identifiable intangibles.
 
MSR
 
Other Intangibles
 
 
($ in millions)
Americas
 
Americas
EMEA
Asia
Pacific
LaSalle
 
Consolidated
Gross Carrying Amount
 
 
 
 
 
 
 
 
Balance as of December 31, 2014
$
8.6

 
94.8

43.8

9.5

7.0

 
163.7

Additions, net of adjustments
163.0

 
30.8

6.9

5.3


 
206.0

Impact of exchange rate movements

 
(0.1
)
(2.2
)
(0.5
)
(0.7
)
 
(3.5
)
Balance as of December 31, 2015
171.6

 
125.5

48.5

14.3

6.3

 
366.2

Additions, net of adjustments
21.5

 
41.8

52.5

10.2


 
126.0

Impairments (1)

 



(6.5
)
 
(6.5
)
Impact of exchange rate movements

 
(0.2
)
(9.9
)
(0.3
)
0.3

 
(10.1
)
Balance as of December 31, 2016
$
193.1

 
167.1

91.1

24.2

0.1

 
475.6

 
 
 
 
 
 
 
 
 
Accumulated Amortization
 

 
 

 

 

 

 
 

Balance as of December 31, 2014
$
(2.8
)
 
(82.1
)
(31.0
)
(8.9
)
(0.1
)
 
(124.9
)
Amortization expense
(5.8
)
 
(6.3
)
(3.8
)
(0.7
)

 
(16.6
)
Impact of exchange rate movements

 

2.2

0.3


 
2.5

Balance as of December 31, 2015
(8.6
)
 
(88.4
)
(32.6
)
(9.3
)
(0.1
)
 
(139.0
)
Amortization expense
(23.7
)
 
(10.8
)
(11.0
)
(2.3
)

 
(47.8
)
Impact of exchange rate movements

 
0.5

5.6

0.1


 
6.2

Balance as of December 31, 2016
$
(32.3
)
 
(98.7
)
(38.0
)
(11.5
)
(0.1
)
 
(180.6
)
 
 
 
 
 
 
 
 
 
Net book value as of December 31, 2016
$
160.8

 
68.4

53.1

12.7


 
295.0


(1) In the third quarter of 2016, we fully impaired an indefinite-lived intangible asset related to a 2011 acquisition of an Australian property fund management business.
Future Amortization Expense for Finite-Lived Intangible Assets
The remaining weighted average amortization period of MSRs and other identifiable intangible assets is 4.37 years and 3.30 years, respectively, and the remaining estimated future amortization expense by year as of December 31, 2016 is presented in the following table.
($ in millions)
MSRs
Other Intangibles
Total
2017
$
32.1

$
26.9

$
59.0

2018
25.1

23.7

48.8

2019
21.6

21.7

43.3

2020
18.2

19.2

37.4

2021
14.8

13.1

27.9

Thereafter
49.0

20.8

69.8

Total
$
160.8

$
125.4

$
286.2