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Business Combinations, Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 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.
 
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
5.2

17.9

6.5

—

 
29.6

Impact of exchange rate movements
0.9

80.5

10.0

1.0

 
92.4

Balance as of September 30, 2017
$
1,412.2

950.1

322.6

16.4

 
$
2,701.3

 
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
174.2

239.8

36.6

—

 
450.6

Impact of exchange rate movements
0.8

(50.8
)
6.2

(1.5
)
 
(45.3
)
Balance as of September 30, 2016
$
1,336.1

885.2

309.4

16.1

 
$
2,546.8
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)
50.7

 
0.4

3.1

5.8

—

 
60.0

Adjustment for fully amortized intangibles
(12.5
)
 
(50.0
)
(7.7
)
(8.0
)
(0.1
)
 
(78.3
)
Impact of exchange rate movements
—

 
0.2

7.6

1.3

—

 
9.1

Balance as of September 30, 2017
$
231.3

 
117.7

94.1

23.3

—

 
$
466.4

 
 
 
 
 
 
 
 
 
Accumulated Amortization
 
 
 

 

 

 

 
 

Balance as of December 31, 2016
$
(32.3
)
 
(98.7
)
(38.0
)
(11.5
)
(0.1
)
 
$
(180.6
)
Amortization, net (2)
(29.8
)
 
(10.3
)
(11.2
)
(1.9
)
—

 
(53.2
)
Adjustment for fully amortized intangibles
12.5

 
50.0

7.7

8.0

0.1

 
78.3

Impact of exchange rate movements
—

 
0.3

(3.6
)
(0.2
)
—

 
(3.5
)
Balance as of September 30, 2017
$
(49.6
)
 
(58.7
)
(45.1
)
(5.6
)
—

 
$
(159.0
)
 


 
 
 
 
 
 
 
Net book value as of September 30, 2017
$
181.7

 
59.0

49.0

17.7

—

 
$
307.4

(1) Included in this amount for MSRs was $7.7 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
17.0

 
38.6

51.8

5.7

—

 
113.1

Impairments (1)
—

 
—

—

—

(6.5
)
 
(6.5
)
Impact of exchange rate movements
—

 
(0.3
)
(4.7
)
0.5

0.3

 
(4.2
)
Balance as of September 30, 2016
$
188.6

 
163.8

95.6

20.5

0.1

 
$
468.6

 
 
 
 
 
 
 
 
 
Accumulated Amortization
 
 
 

 

 

 

 
 

Balance as of December 31, 2015
$
(8.6
)
 
(88.4
)
(32.6
)
(9.3
)
(0.1
)
 
$
(139.0
)
Amortization, net (2)
(17.8
)
 
(7.7
)
(7.0
)
(1.3
)
—

 
(33.8
)
Impact of exchange rate movements
—

 
0.4

3.5

(0.2
)
—

 
3.7

Balance as of September 30, 2016
$
(26.4
)
 
(95.7
)
(36.1
)
(10.8
)
(0.1
)
 
$
(169.1
)
 
 
 
 
 
 
 
 
 
Net book value as of September 30, 2016
$
162.2

 
68.1

59.5

9.7

—

 
$
299.5


(1) In the third quarter of 2016, we fully impaired an indefinite-lived intangible asset related to a 2011 acquisition of an Australian property fund management business.
(2) 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 September 30, 2017, is presented in the following table.
(in millions)
MSRs
Other Intangibles
 
Total
2017 (3 months)
$
7.7

11.9

 
$
19.6

2018
30.0

24.2

 
54.2

2019
26.9

22.2

 
49.1

2020
24.2

19.5

 
43.7

2021
20.4

13.3

 
33.7

2022
17.4

13.5

 
30.9

Thereafter
55.1

12.3

 
67.4

Total
$
181.7

116.9

 
$
298.6