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Business Segments (Tables)

12 Months Ended

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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