XML 62 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Combinations, Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Business Acquistion, Pro Forma Results [Line Items]  
Movements in Goodwill by Reporting Segment
The following table details, by reporting segment, the annual movements in goodwill.
($ 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
244.3

253.8

41.7


539.8

Impact of exchange rate movements
0.7

(98.3
)
(2.2
)
(2.2
)
(102.0
)
Balance as of December 31, 2016
1,406.1

851.7

306.1

15.4

2,579.3

Additions, net of adjustments
5.3

17.7

6.7


29.7

Impact of exchange rate movements
0.8

88.2

10.2

1.1

100.3

Balance as of December 31, 2017
$
1,412.2

957.6

323.0

16.5

$
2,709.3

Movements in Gross Carrying Amount and Accumulated Amortization of Finite-Lived Intangible Assets
The following table details, by reporting segment, the annual movements in the gross carrying amount and accumulated amortization of our identifiable intangibles.
 
MSR
 
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
21.5

 
41.8

52.5

10.2


 
126.0

Impairments (1)

 



(6.5
)
 
(6.5
)
Impact of exchange rate movements

 
(0.2
)
(9.9
)
(0.3
)
0.3

 
(10.1
)
Balance as of December 31, 2016
193.1

 
167.1

91.1

24.2

0.1

 
475.6

Additions, net of adjustments (2)
66.6

 
0.4

3.1

5.8


 
75.9

Adjustment for fully amortized intangibles
(17.9
)
 
(50.7
)
(13.6
)
(7.9
)
(0.1
)
 
(90.2
)
Impact of exchange rate movements

 
0.2

8.2

1.2


 
9.6

Balance as of December 31, 2017
$
241.8

 
117.0

88.8

23.3


 
470.9

 
 
 
 
 
 
 
 
 
Accumulated Amortization
 

 
 

 

 

 

 
 

Balance as of December 31, 2015
$
(8.6
)
 
(88.4
)
(32.6
)
(9.3
)
(0.1
)
 
(139.0
)
Amortization expense (3)
(23.7
)
 
(10.8
)
(11.0
)
(2.3
)

 
(47.8
)
Impact of exchange rate movements

 
0.5

5.6

0.1


 
6.2

Balance as of December 31, 2016
(32.3
)
 
(98.7
)
(38.0
)
(11.5
)
(0.1
)
 
(180.6
)
Amortization expense, net (3)
(40.7
)
 
(13.7
)
(14.8
)
(2.6
)

 
(71.8
)
Adjustment for fully amortized intangibles
17.9

 
50.7

13.6

7.9

0.1

 
90.2

Impact of exchange rate movements

 
0.4

(3.9
)
(0.2
)

 
(3.7
)
Balance as of December 31, 2017
$
(55.1
)
 
(61.3
)
(43.1
)
(6.4
)

 
(165.9
)
 
 
 
 
 
 
 
 
 
Net book value as of December 31, 2017
$
186.7

 
55.7

45.7

16.9


 
305.0


(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) Included in this amount for MSRs was $10.8 million relating to write-offs due to prepayments of sold warehouse receivables for which we retained the servicing rights.
(3) Amortization of MSRs is included in Revenue within the Consolidated Statements of Comprehensive Income.
Future Amortization Expense for Finite-Lived Intangible Assets
The remaining weighted average amortization period of MSRs and other finite-lived identifiable intangible assets is 4.54 years and 3.87 years, respectively, and the remaining estimated future amortization expense by year, as of December 31, 2017, is presented in the following table.
($ in millions)
MSRs
Other Intangibles
Total
2018
$
31.0

$
27.9

$
58.9

2019
28.2

23.7

51.9

2020
25.7

19.2

44.9

2021
21.9

12.4

34.3

2022
18.9

6.5

25.4

Thereafter
61.0

19.8

80.8

Total
$
186.7

$
109.5

$
296.2