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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Summary of financial information by business segment | Summarized financial information by business segment is as follows.
| Year Ended December 31,
($ in millions) | 2017 | 2016 | 2015
Real Estate Services |  |  |
Americas |  |  |
Revenue | $ | 3,354.5 |  | 2,965.9 |  | 2,605.5 |
Gross contract costs | (177.1 | ) | (192.0 | ) | (212.1 | )
Net non-cash MSR and mortgage banking derivative activity | (15.7 | ) | (23.5 | ) | 0.8 |
Total fee revenue | 3,161.7 |  | 2,750.4 |  | 2,394.2 |
Operating expenses: |  |  |  |  |
Compensation, operating and administrative expenses | 2,915.7 |  | 2,611.7 |  | 2,283.5 |
Depreciation and amortization | 97.5 |  | 84.3 |  | 62.9 |
Total segment operating expenses | 3,013.2 |  | 2,696.0 |  | 2,346.4 |
Gross contract costs | (177.1 | ) | (192.0 | ) | (212.1 | )
Total fee-based segment operating expenses | 2,836.1 |  | 2,504.0 |  | 2,134.3 |
Segment operating income | $ | 341.3 |  | 269.9 |  | 259.1 |
Equity (losses) earnings | (0.2 | ) | 1.3 |  | 5.8 |
Total segment income | $ | 341.1 |  | 271.2 |  | 264.9 |
EMEA |  |  |
Revenue | $ | 2,586.0 |  | 2,077.5 |  | 1,803.1 |
Gross contract costs | (654.0 | ) | (563.3 | ) | (397.4 | )
Total fee revenue | 1,932.0 |  | 1,514.2 |  | 1,405.7 |
Operating expenses: |  |  |  |  |
Compensation, operating and administrative expenses | 2,487.4 |  | 1,972.7 |  | 1,648.1 |
Depreciation and amortization | 44.6 |  | 37.4 |  | 27.5 |
Total segment operating expenses | 2,532.0 |  | 2,010.1 |  | 1,675.6 |
Gross contract costs | (654.0 | ) | (563.3 | ) | (397.4 | )
Total fee-based segment operating expenses | 1,878.0 |  | 1,446.8 |  | 1,278.2 |
Segment operating income | $ | 54.0 |  | 67.4 |  | 127.5 |
Equity earnings (losses) | 0.3 |  | (0.1 | ) | 0.8 |
Total segment income | $ | 54.3 |  | 67.3 |  | 128.3 |
Continued: Summarized financial information by business segment is as follows.
| Year Ended December 31,
($ in millions) | 2017 | 2016 | 2015
Real Estate Services |  |  |
Asia Pacific |  |  |  |  |
Revenue | $ | 1,636.6 |  | 1,352.6 |  | 1,160.1 |
Gross contract costs | (389.5 | ) | (268.2 | ) | (191.8 | )
Total fee revenue | 1,247.1 |  | 1,084.4 |  | 968.3 |
Operating expenses: |  |  |  |  |
Compensation, operating and administrative expenses | 1,499.9 |  | 1,247.2 |  | 1,055.8 |
Depreciation and amortization | 22.1 |  | 17.3 |  | 15.5 |
Total segment operating expenses | 1,522.0 |  | 1,264.5 |  | 1,071.3 |
Gross contract costs | (389.5 | ) | (268.2 | ) | (191.8 | )
Total fee-based segment operating expenses | 1,132.5 |  | 996.3 |  | 879.5 |
Segment operating income | $ | 114.6 |  | 88.1 |  | 88.8 |
Equity earnings | 3.2 |  | 1.1 |  | 0.7 |
Total segment income | $ | 117.8 |  | 89.2 |  | 89.5 |
LaSalle |  |  |  |  |
Revenue | $ | 355.3 |  | 407.8 |  | 397.0 |
Operating expenses: |  |  |
Compensation, operating and administrative expenses | 294.6 |  | 321.3 |  | 306.3 |
Depreciation and amortization | 3.0 |  | 2.8 |  | 2.2 |
Total segment operating expenses | 297.6 |  | 324.1 |  | 308.5 |
Segment operating income | $ | 57.7 |  | 83.7 |  | 88.5 |
Equity earnings | 41.1 |  | 31.5 |  | 70.1 |
Total segment income | $ | 98.8 |  | 115.2 |  | 158.6 |
Segment Reconciling Items |  |  |  |  |
Total fee revenue | $ | 6,696.1 |  | 5,756.8 |  | 5,165.2 |
Gross contract costs | 1,220.6 |  | 1,023.5 |  | 801.3 |
Net non-cash MSR and mortgage banking derivative activity | 15.7 |  | 23.5 |  | (0.8 | )
Total revenue | $ | 7,932.4 |  | 6,803.8 |  | 5,965.7 |
Total segment operating expenses before restructuring and acquisition charges | 7,364.8 |  | 6,294.7 |  | 5,401.8 |
Operating income before restructuring and acquisition charges | $ | 567.6 |  | 509.1 |  | 563.9 |
Restructuring and acquisition charges | 30.7 |  | 68.5 |  | 34.1 |
Operating income | $ | 536.9 |  | 440.6 |  | 529.8 |
Reconciliation of segment identifiable assets and segment investments in real estate ventures to consolidated | The following table reconciles segment identifiable assets and investments in real estate ventures to consolidated amounts.
| December 31, 2017 |  | December 31, 2016
($ in millions) | IDENTIFIABLE ASSETS | INVESTMENTS IN REAL ESTATE VENTURES |  | IDENTIFIABLE ASSETS | INVESTMENTS IN REAL ESTATE VENTURES
Real Estate Services: |  |  |  |  |
Americas | $ | 3,774.3 |  | 14.5 |  |  | $ | 4,001.0 |  | 10.7 |
EMEA | 2,264.3 |  | 3.5 |  |  | 1,864.7 |  | 2.8 |
Asia Pacific | 1,139.4 |  | 9.6 |  |  | 1,065.3 |  | 7.5 |
LaSalle | 548.6 |  | 346.9 |  |  | 558.6 |  | 334.4 |
Corporate | 287.9 |  | 1.7 |  |  | 139.8 |  | — |
Consolidated | $ | 8,014.5 |  | 376.2 |  |  | $ | 7,629.4 |  | 355.4 |
Reconciliation of segment property and equipment expenditures to consolidated | The table below reconciles segment property and equipment expenditures to consolidated expenditures.
| Year Ended December 31,
($ in millions) | 2017 | 2016 | 2015
Real Estate Services: |  |  |
Americas | $ | 62.6 |  | 141.6 |  | 55.5 |
EMEA | 44.5 |  | 54.2 |  | 42.9 |
Asia Pacific | 20.3 |  | 16.1 |  | 14.4 |
LaSalle | 1.2 |  | 67.9 |  | 8.4 |
Corporate | 25.1 |  | 36.2 |  | 27.9 |
Total capital expenditures (1) | $ | 153.7 |  | 316.0 |  | 149.1 |
(1) Included in total capital expenditures for the years ended December 31, 2017, 2016 and 2015, were $2.3 million, $99.8 million, and $1.3 million, respectively, related to acquisition of investment properties by less than wholly-owned consolidated VIEs.
Schedule of revenue and assets from most significant currencies | The following table sets forth the revenue and assets from our most significant currencies.
| TOTAL REVENUE |  | TOTAL ASSETS
| Year Ended December 31, |  | December 31,
($ in millions) | 2017 | 2016 | 2015 |  | 2017 | 2016
United States dollar | $ | 3,251.8 |  | 2,948.5 |  | 2,536.4 |  |  | $ | 4,357.3 |  | 4,615.3 |
British pound | 1,302.7 |  | 1,007.3 |  | 915.5 |  |  | 1,209.5 |  | 1,005.3 |
Euro | 1,084.5 |  | 880.7 |  | 748.7 |  |  | 784.4 |  | 581.0 |
Australian dollar | 412.4 |  | 345.9 |  | 303.0 |  |  | 264.1 |  | 215.5 |
Hong Kong dollar | 268.8 |  | 246.9 |  | 186.7 |  |  | 184.0 |  | 161.1 |
Chinese yuan | 261.2 |  | 196.2 |  | 178.6 |  |  | 158.2 |  | 147.2 |
Indian rupee | 259.4 |  | 216.2 |  | 189.4 |  |  | 231.0 |  | 182.0 |
Japanese yen | 200.3 |  | 199.1 |  | 170.0 |  |  | 85.4 |  | 89.5 |
Singapore dollar | 147.0 |  | 104.0 |  | 123.2 |  |  | 160.3 |  | 131.8 |
Other currencies | 744.3 |  | 659.0 |  | 614.2 |  |  | 580.3 |  | 500.7 |
| $ | 7,932.4 |  | 6,803.8 |  | 5,965.7 |  |  | $ | 8,014.5 |  | 7,629.4 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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