XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Business Segments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2017
Segment Reporting [Abstract] |
Summarized Unaudited Financial Information by Business Segments | Summarized financial information by business segment is as follows.
| Three Months Ended March 31,
(in millions) | 2017 | 2016
Real Estate Services |  |
Americas |  |
Revenue | $ | 722.8 |  | 603.5 |
Gross contract costs | (47.1 | ) | (48.8 | )
Net non-cash MSR and mortgage banking derivative activity | 2.7 |  | 3.3 |
Total fee revenue | 678.4 |  | 558.0 |
Operating expenses: |  |  |  |
Compensation, operating and administrative expenses | 661.8 |  | 552.3 |
Depreciation and amortization | 23.5 |  | 18.8 |
Total segment operating expenses | 685.3 |  | 571.1 |
Gross contract costs | (47.1 | ) | (48.8 | )
Total fee-based segment operating expenses | 638.2 |  | 522.3 |
Segment operating income | $ | 37.5 |  | 32.4 |
Equity earnings | 0.2 |  | 0.3 |
Total segment income | $ | 37.7 |  | 32.7 |
EMEA |  |
Revenue | $ | 499.5 |  | 369.4 |
Gross contract costs | (139.8 | ) | (112.9 | )
Total fee revenue | 359.7 |  | 256.5 |
Operating expenses: |  |  |  |
Compensation, operating and administrative expenses | 518.6 |  | 377.5 |
Depreciation and amortization | 10.3 |  | 7.7 |
Total segment operating expenses | 528.9 |  | 385.2 |
Gross contract costs | (139.8 | ) | (112.9 | )
Total fee-based segment operating expenses | 389.1 |  | 272.3 |
Segment operating loss | $ | (29.4 | ) | (15.8 | )
Equity losses | — |  | (0.1 | )
Total segment loss | $ | (29.4 | ) | (15.9 | )
Continued: Summarized financial information by business segment is as follows.
| Three Months Ended March 31,
(in millions) | 2017 | 2016
Real Estate Services |  |
Asia Pacific |  |
Revenue | $ | 304.7 |  | 263.4 |
Gross contract costs | (71.1 | ) | (57.6 | )
Total fee revenue | 233.6 |  | 205.8 |
Operating expenses: |  |  |  |
Compensation, operating and administrative expenses | 295.6 |  | 260.5 |
Depreciation and amortization | 4.8 |  | 4.1 |
Total segment operating expenses | 300.4 |  | 264.6 |
Gross contract costs | (71.1 | ) | (57.6 | )
Total fee-based segment operating expenses | 229.3 |  | 207.0 |
Segment operating income (loss) | $ | 4.3 |  | (1.2 | )
Equity earnings | 0.8 |  | 0.1 |
Total segment income (loss) | $ | 5.1 |  | (1.1 | )
LaSalle |  |  |  |
Revenue | $ | 88.2 |  | 100.5 |
Operating expenses: |  |
Compensation, operating and administrative expenses | 73.1 |  | 78.3 |
Depreciation and amortization | 0.7 |  | 0.6 |
Total segment operating expenses | 73.8 |  | 78.9 |
Segment operating income | $ | 14.4 |  | 21.6 |
Equity earnings | 4.6 |  | 12.7 |
Total segment income | $ | 19.0 |  | 34.3 |
Segment Reconciling Items |  |  |  |
Total fee revenue | $ | 1,359.9 |  | 1,120.8 |
Gross contract costs | 258.0 |  | 219.3 |
Net non-cash MSR and mortgage banking derivative activity | (2.7 | ) | (3.3 | )
Total revenue | $ | 1,615.2 |  | 1,336.8 |
Total segment operating expenses before restructuring and acquisition charges | 1,588.4 |  | 1,299.8 |
Operating income before restructuring and acquisition charges | $ | 26.8 |  | 37.0 |
Restructuring and acquisition charges | 4.5 |  | 7.6 |
Operating income | $ | 22.3 |  | 29.4 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration