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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Summarized Unaudited Financial Information by Business Segments
Summarized financial information by business segment is as follows.
 
Three Months Ended September 30,
Nine Months Ended September 30,
(in millions)
2017
2016
2017
2016
Real Estate Services
 
 
 
 
Americas
 
 
 
 
Revenue
$
796.7

771.1

$
2,311.3

2,047.5

Gross contract costs
(40.4
)
(52.6
)
(131.4
)
(144.8
)
Net non-cash MSR and mortgage banking derivative activity
(7.1
)
(2.9
)
(11.1
)
(2.3
)
Total fee revenue
749.2

715.6

2,168.8

1,900.4

Operating expenses:
 

 

 

 

Compensation, operating and administrative expenses
699.1

686.0

2,054.0

1,842.2

Depreciation and amortization
24.2

21.3

71.4

58.4

Total segment operating expenses
723.3

707.3

2,125.4

1,900.6

Gross contract costs
(40.4
)
(52.6
)
(131.4
)
(144.8
)
Total fee-based segment operating expenses
682.9

654.7

1,994.0

1,755.8

Segment operating income
$
73.4

63.8

$
185.9

146.9

Equity earnings
0.1

0.1

0.5

0.8

Total segment income
$
73.5

63.9

$
186.4

147.7

 
 
 
 
 
EMEA
 
 
 
 
Revenue
$
635.2

522.7

$
1,727.1

1,373.4

Gross contract costs
(171.6
)
(146.2
)
(464.7
)
(407.3
)
Total fee revenue
463.6

376.5

1,262.4

966.1

Operating expenses:
 

 

 

 

Compensation, operating and administrative expenses
621.4

513.9

1,712.3

1,348.9

Depreciation and amortization
11.6

9.6

33.0

25.6

Total segment operating expenses
633.0

523.5

1,745.3

1,374.5

Gross contract costs
(171.6
)
(146.2
)
(464.7
)
(407.3
)
Total fee-based segment operating expenses
461.4

377.3

1,280.6

967.2

Segment operating income (loss)
$
2.2

(0.8
)
$
(18.2
)
(1.1
)
Equity losses
—

—

—

(0.1
)
Total segment income (loss)
$
2.2

(0.8
)
$
(18.2
)
(1.2
)
Continued: Summarized financial information by business segment is as follows.
 
Three Months Ended September 30,
Nine Months Ended September 30,
(in millions)
2017
2016
2017
2016
Real Estate Services
 
 
 
 
Asia Pacific
 
 
 
 
Revenue
$
413.0

331.1

$
1,095.4

916.9

Gross contract costs
(103.3
)
(59.2
)
(272.5
)
(183.4
)
Total fee revenue
309.7

271.9

822.9

733.5

Operating expenses:
 

 

 

 

Compensation, operating and administrative expenses
383.6

309.3

1,033.7

869.0

Depreciation and amortization
5.2

4.2

15.7

12.4

Total segment operating expenses
388.8

313.5

1,049.4

881.4

Gross contract costs
(103.3
)
(59.2
)
(272.5
)
(183.4
)
Total fee-based segment operating expenses
285.5

254.3

776.9

698.0

Segment operating income
$
24.2

17.6

$
46.0

35.5

Equity earnings
0.9

0.5

2.3

0.5

Total segment income
$
25.1

18.1

$
48.3

36.0

 
 
 
 
 
LaSalle
 

 

 

 

Revenue
$
102.1

80.3

$
263.1

307.8

Operating expenses:
 

 

 
 
Compensation, operating and administrative expenses
79.6

71.1

216.6

236.8

Depreciation and amortization
0.8

0.8

2.2

2.1

Total segment operating expenses
80.4

71.9

218.8

238.9

Segment operating income
$
21.7

8.4

$
44.3

68.9

Equity earnings
11.6

4.9

29.9

26.5

Total segment income
$
33.3

13.3

$
74.2

95.4

 
 
 
 
 
Segment Reconciling Items
 

 

 

 

Total fee revenue
$
1,624.6

1,444.3

$
4,517.2

3,907.8

Gross contract costs
315.3

258.0

868.6

735.5

Net non-cash MSR and mortgage banking derivative activity
7.1

2.9

11.1

2.3

Total revenue
$
1,947.0

1,705.2

$
5,396.9

4,645.6

Total segment operating expenses before restructuring and acquisition charges
1,825.5

1,616.2

5,138.9

4,395.4

Operating income before restructuring and acquisition charges
$
121.5

89.0

$
258.0

250.2

Restructuring and acquisition charges
3.4

18.0

13.3

35.9

Operating income
$
118.1

71.0

$
244.7

214.3