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Business Combinations, Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2017
BUSINESS COMBINATIONS, GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
Movements in Goodwill by Reporting Segment
The following tables detail, by reporting segment, movements in goodwill with indefinite useful lives.
 
Real Estate Services
 
 
(in millions)
Americas
EMEA
Asia Pacific
LaSalle
Consolidated
Balance as of December 31, 2016
$
1,406.1

851.7

306.1

15.4

$
2,579.3

Additions, net of adjustments
2.8

17.7

5.5

—

26.0

Impact of exchange rate movements
0.1

12.2

6.5

0.2

19.0

Balance as of March 31, 2017
$
1,409.0

881.6

318.1

15.6

$
2,624.3

 
Real Estate Services
 
 
(in millions)
Americas
EMEA
Asia Pacific
LaSalle
Consolidated
Balance as of December 31, 2015
$
1,161.1

696.2

266.6

17.6

$
2,141.5

Additions, net of adjustments
87.4

26.9

4.3

—

118.6

Impact of exchange rate movements
0.8

(2.2
)
5.9

(0.3
)
4.2

Balance as of March 31, 2016
$
1,249.3

720.9

276.8

17.3

$
2,264.3
Movements in Gross Carrying Amount and Accumulated Amortization of Finite-Lived Intangible Assets
The following tables detail, by reporting segment, movements in the gross carrying amount and accumulated amortization of our identifiable intangibles.
 
MSRs
 
Other Intangibles
 
 
(in millions)
Americas
 
Americas
EMEA
Asia Pacific
LaSalle
 
Consolidated
Gross Carrying Amount
 
 
 
 
 
 
 
 
Balance as of December 31, 2016
$
193.1

 
167.1

91.1

24.2

0.1

 
$
475.6

Additions, net of adjustments(1)
20.0

 
0.2

2.4

6.9

—

 
29.5

Adjustment for fully amortized intangibles
(3.4
)
 
(50.0
)
(7.7
)
(8.0
)
(0.1
)
 
(69.2
)
Impact of exchange rate movements
—

 
—

1.2

0.6

—

 
1.8

Balance as of March 31, 2017
$
209.7

 
117.3

87.0

23.7

—

 
$
437.7

 
 
 
 
 
 
 
 
 
Accumulated Amortization
 
 
 

 

 

 

 
 

Balance as of December 31, 2016
$
(32.3
)
 
(98.7
)
(38.0
)
(11.5
)
(0.1
)
 
$
(180.6
)
Amortization, net (2)
(9.8
)
 
(3.5
)
(3.5
)
(0.6
)
—

 
(17.4
)
Adjustment for fully amortized intangibles
3.4

 
50.0

7.7

8.0

0.1

 
69.2

Impact of exchange rate movements
—

 
0.1

(0.7
)
(0.1
)
—

 
(0.7
)
Balance as of March 31, 2017
$
(38.7
)
 
(52.1
)
(34.5
)
(4.2
)
—

 
$
(129.5
)
 


 
 
 
 
 
 
 
Net book value as of March 31, 2017
$
171.0

 
65.2

52.5

19.5

—

 
$
308.2

(1) Included in this amount for MSRs was $2.6 million relating to prepayments/write-offs related to prepayments of sold warehouse receivables.
(2) Amortization of MSRs is included in Revenue within the Condensed Consolidated Statements of Comprehensive Income.


 
MSRs
 
Other Intangibles
 
 
(in millions)
Americas
 
Americas
EMEA
Asia Pacific
LaSalle
 
Consolidated
Gross Carrying Amount
 
 
 
 
 
 
 
 
Balance as of December 31, 2015
$
171.6

 
125.5

48.5

14.3

6.3

 
$
366.2

Additions, net of adjustments
(1.8
)
 
14.3

4.5

0.2

—

 
17.2

Impact of exchange rate movements
—

 
(0.2
)
(0.8
)
0.4

0.4

 
(0.2
)
Balance as of March 31, 2016
$
169.8

 
139.6

52.2

14.9

6.7

 
$
383.2

 
 
 
 
 
 
 
 
 
Accumulated Amortization
 
 
 

 

 

 

 
 

Balance as of December 31, 2015
$
(8.6
)
 
(88.4
)
(32.6
)
(9.3
)
(0.1
)
 
$
(139.0
)
Amortization, net (1)
(6.0
)
 
(2.1
)
(2.0
)
(0.4
)
—

 
(10.5
)
Impact of exchange rate movements
—

 
0.1

0.8

(0.2
)
—

 
0.7

Balance as of March 31, 2016
$
(14.6
)
 
(90.4
)
(33.8
)
(9.9
)
(0.1
)
 
$
(148.8
)
 
 
 
 
 
 
 
 
 
Net book value as of March 31, 2016
$
155.2

 
49.2

18.4

5.0

6.6

 
$
234.4


(1) Amortization of MSRs is included in Revenue within the Condensed Consolidated Statements of Comprehensive Income.
Future Amortization Expense for Finite-Lived Intangible Assets
The remaining estimated future amortization expense of MSRs and other identifiable intangible assets, by year, as of March 31, 2017, is presented in the following table.
(in millions)
MSRs
Other Intangibles
 
Total
2017 (9 months)
$
22.1

22.5

 
$
44.6

2018
27.8

24.6

 
52.4

2019
24.3

22.3

 
46.6

2020
20.8

19.7

 
40.5

2021
17.3

13.4

 
30.7

2022
14.4

13.5

 
27.9

Thereafter
44.3

12.4

 
56.7

Total
$
171.0

128.4

 
$
299.4