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Business Combinations, Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 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 | 4.5 |  | 18.2 |  | 6.5 |  | — |  |  | 29.2 |
Impact of exchange rate movements | 0.4 |  | 52.1 |  | 7.2 |  | 0.7 |  |  | 60.4 |
Balance as of June 30, 2017 | $ | 1,411.0 |  | 922.0 |  | 319.8 |  | 16.1 |  |  | $ | 2,668.9 |
| 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 | 102.7 |  | 36.6 |  | 13.2 |  | — |  |  | 152.5 |
Impact of exchange rate movements | 0.9 |  | (34.7 | ) | 3.6 |  | (1.1 | ) |  | (31.3 | )
Balance as of June 30, 2016 | $ | 1,264.7 |  | 698.1 |  | 283.4 |  | 16.5 |  |  | $ | 2,262.7 |
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) | 29.0 |  |  | 0.2 |  | 3.1 |  | 5.8 |  | — |  |  | 38.1 |
Adjustment for fully amortized intangibles | (6.0 | ) |  | (50.0 | ) | (7.7 | ) | (8.0 | ) | (0.1 | ) |  | (71.8 | )
Impact of exchange rate movements | — |  |  | — |  | 4.8 |  | 0.9 |  | — |  |  | 5.7 |
Balance as of June 30, 2017 | $ | 216.1 |  |  | 117.3 |  | 91.3 |  | 22.9 |  | — |  |  | $ | 447.6 |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2016 | $ | (32.3 | ) |  | (98.7 | ) | (38.0 | ) | (11.5 | ) | (0.1 | ) |  | $ | (180.6 | )
Amortization, net (2) | (18.9 | ) |  | (6.9 | ) | (7.6 | ) | (1.2 | ) | — |  |  | (34.6 | )
Adjustment for fully amortized intangibles | 6.0 |  |  | 50.0 |  | 7.7 |  | 8.0 |  | 0.1 |  |  | 71.8 |
Impact of exchange rate movements | — |  |  | 0.2 |  | (2.2 | ) | (0.2 | ) | — |  |  | (2.2 | )
Balance as of June 30, 2017 | $ | (45.2 | ) |  | (55.4 | ) | (40.1 | ) | (4.9 | ) | — |  |  | $ | (145.6 | )
Net book value as of June 30, 2017 | $ | 170.9 |  |  | 61.9 |  | 51.2 |  | 18.0 |  | — |  |  | $ | 302.0 |
(1) Included in this amount for MSRs was $4.3 million relating to prepayments/write-offs due to prepayments of sold warehouse receivables for which we retained the servicing rights. (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 | 6.3 |  |  | 13.0 |  | 6.6 |  | 1.2 |  | — |  |  | 27.1 |
Impact of exchange rate movements | — |  |  | (0.2 | ) | (3.3 | ) | 0.3 |  | 0.2 |  |  | (3.0 | )
Balance as of June 30, 2016 | $ | 177.9 |  |  | 138.3 |  | 51.8 |  | 15.8 |  | 6.5 |  |  | $ | 390.3 |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2015 | $ | (8.6 | ) |  | (88.4 | ) | (32.6 | ) | (9.3 | ) | (0.1 | ) |  | $ | (139.0 | )
Amortization, net (1) | (11.4 | ) |  | (4.2 | ) | (4.0 | ) | (0.7 | ) | — |  |  | (20.3 | )
Impact of exchange rate movements | — |  |  | 0.3 |  | 2.6 |  | (0.2 | ) | — |  |  | 2.7 |
Balance as of June 30, 2016 | $ | (20.0 | ) |  | (92.3 | ) | (34.0 | ) | (10.2 | ) | (0.1 | ) |  | $ | (156.6 | )
Net book value as of June 30, 2016 | $ | 157.9 |  |  | 46.0 |  | 17.8 |  | 5.6 |  | 6.4 |  |  | $ | 233.7 |
(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 June 30, 2017, is presented in the following table.
(in millions) | MSRs | Other Intangibles |  | Total
2017 (6 months) | $ | 14.9 |  | 17.4 |  |  | $ | 32.3 |
2018 | 28.4 |  | 24.2 |  |  | 52.6 |
2019 | 25.1 |  | 22.2 |  |  | 47.3 |
2020 | 21.8 |  | 19.5 |  |  | 41.3 |
2021 | 18.2 |  | 13.3 |  |  | 31.5 |
2022 | 15.2 |  | 13.5 |  |  | 28.7 |
Thereafter | 47.3 |  | 12.2 |  |  | 59.5 |
Total | $ | 170.9 |  | 122.3 |  |  | $ | 293.2 |

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