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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Summarized Unaudited Financial Information by Business Segments
Summarized financial information by business segment is as follows.
 
Three Months Ended June 30,
Six Months Ended June 30,
(in millions)
2017
2016
2017
2016
Real Estate Services
 
 
 
 
Americas
 
 
 
 
Revenue
$
791.8

672.9

$
1,514.6

1,276.4

Gross contract costs
(43.9
)
(43.4
)
(91.0
)
(92.2
)
Net non-cash MSR and mortgage banking derivative activity
(6.7
)
(2.7
)
(4.0
)
0.6

Total fee revenue
741.2

626.8

1,419.6

1,184.8

Operating expenses:
 

 

 

 

Compensation, operating and administrative expenses
693.1

604.1

1,354.9

1,156.4

Depreciation and amortization
23.7

18.2

47.2

37.0

Total segment operating expenses
716.8

622.3

1,402.1

1,193.4

Gross contract costs
(43.9
)
(43.4
)
(91.0
)
(92.2
)
Total fee-based segment operating expenses
672.9

578.9

1,311.1

1,101.2

Segment operating income
$
75.0

50.6

$
112.5

83.0

Equity earnings
0.2

0.4

0.4

0.7

Total segment income
$
75.2

51.0

$
112.9

83.7

 
 
 
 
 
EMEA
 
 
 
 
Revenue
$
592.4

481.3

$
1,091.9

850.7

Gross contract costs
(153.3
)
(148.2
)
(293.1
)
(261.1
)
Total fee revenue
439.1

333.1

798.8

589.6

Operating expenses:
 

 

 

 

Compensation, operating and administrative expenses
572.3

457.5

1,090.9

835.0

Depreciation and amortization
11.1

8.3

21.4

16.0

Total segment operating expenses
583.4

465.8

1,112.3

851.0

Gross contract costs
(153.3
)
(148.2
)
(293.1
)
(261.1
)
Total fee-based segment operating expenses
430.1

317.6

819.2

589.9

Segment operating income (loss)
$
9.0

15.5

$
(20.4
)
(0.3
)
Equity losses
—

—

—

(0.1
)
Total segment income (loss)
$
9.0

15.5

$
(20.4
)
(0.4
)
Continued: Summarized financial information by business segment is as follows.
 
Three Months Ended June 30,
Six Months Ended June 30,
(in millions)
2017
2016
2017
2016
Real Estate Services
 
 
 
 
Asia Pacific
 
 
 
 
Revenue
$
377.7

322.4

$
682.4

585.8

Gross contract costs
(98.1
)
(66.6
)
(169.2
)
(124.2
)
Total fee revenue
279.6

255.8

513.2

461.6

Operating expenses:
 

 

 

 

Compensation, operating and administrative expenses
354.5

299.1

650.1

559.7

Depreciation and amortization
5.7

4.2

10.5

8.2

Total segment operating expenses
360.2

303.3

660.6

567.9

Gross contract costs
(98.1
)
(66.6
)
(169.2
)
(124.2
)
Total fee-based segment operating expenses
262.1

236.7

491.4

443.7

Segment operating income
$
17.5

19.1

$
21.8

17.9

Equity earnings (losses)
0.6

(0.1
)
1.4

—

Total segment income
$
18.1

19.0

$
23.2

17.9

 
 
 
 
 
LaSalle
 

 

 

 

Revenue
$
72.8

127.0

$
161.0

227.5

Operating expenses:
 

 

 
 
Compensation, operating and administrative expenses
63.9

87.4

137.0

165.7

Depreciation and amortization
0.7

0.7

1.4

1.3

Total segment operating expenses
64.6

88.1

138.4

167.0

Segment operating income
$
8.2

38.9

$
22.6

60.5

Equity earnings
13.7

8.9

18.3

21.6

Total segment income
$
21.9

47.8

$
40.9

82.1

 
 
 
 
 
Segment Reconciling Items
 

 

 

 

Total fee revenue
$
1,532.7

1,342.7

$
2,892.6

2,463.5

Gross contract costs
295.3

258.2

553.3

477.5

Net non-cash MSR and mortgage banking derivative activity
6.7

2.7

4.0

(0.6
)
Total revenue
$
1,834.7

1,603.6

$
3,449.9

2,940.4

Total segment operating expenses before restructuring and acquisition charges
1,725.0

1,479.4

3,313.4

2,779.2

Operating income before restructuring and acquisition charges
$
109.7

124.2

$
136.5

161.2

Restructuring and acquisition charges
5.4

10.3

9.9

17.9

Operating income
$
104.3

113.9

$
126.6

143.3