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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Summarized Unaudited Financial Information by Business Segments
Summarized financial information by business segment is as follows.
 
Three Months Ended June 30,
Six Months Ended June 30,
(in millions)
2018
2017
2018
2017
Americas - Real Estate Services
 
 
 
 
Leasing
$
422.9

388.4

$
727.4

687.4

Capital Markets
117.8

104.7

228.8

203.8

Property & Facility Management
1,258.4

1,104.6

2,441.9

2,153.7

Project & Development Services
274.5

265.0

544.1

555.5

Advisory, Consulting and Other
78.9

69.8

151.3

132.0

Revenue
2,152.5

1,932.5

4,093.5

3,732.4

Reimbursements
(1,226.4
)
(1,110.0
)
(2,408.1
)
(2,188.5
)
Revenue before reimbursements
926.1

822.5

1,685.4

1,543.9

Gross contract costs
(156.6
)
(130.4
)
(289.7
)
(262.2
)
Net non-cash MSR and mortgage banking derivative activity
(1.3
)
(6.7
)
(4.0
)
(4.0
)
Fee revenue
768.2

685.4

1,391.7

1,277.7

Operating expenses, excluding reimbursed expenses:
 

 



 
Compensation, operating and administrative expenses
796.9

702.4

1,485.6

1,368.0

Depreciation and amortization
28.3

23.7

52.6

47.2

Segment operating expenses, excluding reimbursed expenses
825.2

726.1

1,538.2

1,415.2

Gross contract costs
(156.6
)
(130.4
)
(289.7
)
(262.2
)
Fee-based segment operating expenses
668.6

595.7

1,248.5

1,153.0

Segment operating income
$
100.9

96.4

$
147.2

128.7

Equity earnings
0.4

0.2

0.5

0.4

Segment income
$
101.3

96.6

$
147.7

129.1

 
 
 
 
 
EMEA - Real Estate Services
 
 
 
 
Leasing
$
72.9

66.8

$
131.8

115.6

Capital Markets
89.9

96.5

179.2

156.5

Property & Facility Management
392.3

335.2

742.6

639.1

Project & Development Services
220.8

160.0

443.4

301.7

Advisory, Consulting and Other
70.7

62.7

133.2

111.5

Revenue
846.6

721.2

1,630.2

1,324.4

Reimbursements
(153.0
)
(125.5
)
(309.0
)
(227.4
)
Revenue before reimbursements
693.6

595.7

1,321.2

1,097.0

Gross contract costs
(305.3
)
(248.9
)
(582.5
)
(480.3
)
Fee revenue
388.3

346.8

738.7

616.7

Operating expenses, excluding reimbursed expenses:
 

 

 
 
Compensation, operating and administrative expenses
683.5

574.6

1,319.7

1,097.6

Depreciation and amortization
11.5

11.1

22.9

21.4

Segment operating expenses, excluding reimbursed expenses
695.0

585.7

1,342.6

1,119.0

Gross contract costs
(305.3
)
(248.9
)
(582.5
)
(480.3
)
Fee-based segment operating expenses
389.7

336.8

760.1

638.7

Segment operating (loss) income
$
(1.4
)
10.0

$
(21.4
)
(22.0
)
Equity earnings
—

—

—

—

Segment (loss) income
$
(1.4
)
10.0

$
(21.4
)
(22.0
)
Continued: Summarized financial information by business segment is as follows.
 
Three Months Ended June 30,
Six Months Ended June 30,
(in millions)
2018
2017
2018
2017
Asia Pacific - Real Estate Services
 
 
 
 
Leasing
$
58.1

51.2

$
95.9

81.8

Capital Markets
50.3

36.2

82.7

65.8

Property & Facility Management
541.6

505.4

1,061.4

959.4

Project & Development Services
114.1

110.2

201.1

187.9

Advisory, Consulting and Other
48.8

40.7

83.1

75.1

Revenue
812.9

743.7

1,524.2

1,370.0

Reimbursements
(356.2
)
(355.9
)
(677.8
)
(672.4
)
Revenue before reimbursements
456.7

387.8

846.4

697.6

Gross contract costs
(205.4
)
(163.0
)
(400.7
)
(293.4
)
Fee revenue
251.3

224.8

445.7

404.2

Operating expenses, excluding reimbursed expenses:
 

 

 
 
Compensation, operating and administrative expenses
427.5

360.7

812.5

660.7

Depreciation and amortization
5.8

5.7

11.4

10.5

Segment operating expenses, excluding reimbursed expenses
433.3

366.4

823.9

671.2

Gross contract costs
(205.4
)
(163.0
)
(400.7
)
(293.4
)
Fee-based segment operating expenses
227.9

203.4

423.2

377.8

Segment operating income
$
23.4

21.4

$
22.5

26.4

Equity earnings
0.7

0.6

1.0

1.4

Segment income
$
24.1

22.0

$
23.5

27.8

 
 
 
 
 
LaSalle
 

 

 
 
Advisory fees
$
67.1

64.4

$
137.0

126.6

Transaction fees & other
6.7

5.1

23.4

19.3

Incentive fees
17.9

3.4

50.6

15.3

Revenue
91.7

72.9

211.0

161.2

Reimbursements
(4.8
)
(4.4
)
(9.6
)
(8.9
)
Revenue before reimbursements
86.9

68.5

201.4

152.3

Gross Contract Costs
(1.2
)
(1.2
)
(2.5
)
(2.6
)
Fee revenue
85.7

67.3

198.9

149.7

Operating expenses, excluding reimbursed expenses:
 

 

 
 
Compensation, operating and administrative expenses
70.4

59.4

155.0

127.9

Depreciation and amortization
0.7

0.7

1.5

1.4

Segment operating expenses, excluding reimbursed expenses
71.1

60.1

156.5

129.3

Gross contract costs
(1.2
)
(1.2
)
(2.5
)
(2.6
)
Fee-based segment operating expenses
69.9

58.9

154.0

126.7

Segment operating income
$
15.8

8.4

$
44.9

23.0

Equity earnings
9.1

13.7

22.3

18.3

Segment income
$
24.9

22.1

$
67.2

41.3


 
Three Months Ended June 30,
Six Months Ended June 30,
(in millions)
2018
2017
2018
2017
Segment Reconciling Items
 
 
 
 
Fee revenue
$
1,493.5

1,324.3

$
2,775.0

2,448.3

Gross contract costs
668.5

543.5

1,275.4

1,038.5

Net non-cash MSR and mortgage banking derivative activity
1.3

6.7

4.0

4.0

Revenue before reimbursements
2,163.3

1,874.5

4,054.4

3,490.8

Reimbursements
1,740.4

1,595.8

3,404.5

3,097.2

Revenue
$
3,903.7

3,470.3

$
7,458.9

6,588.0

Total segment operating expenses, excluding reimbursed expenses & before restructuring and acquisition charges
$
2,024.6

1,738.3

$
3,861.2

3,334.7

Reimbursed expenses
1,740.4

1,595.8

3,404.5

3,097.2

Total segment operating expenses before restructuring and acquisition charges
$
3,765.0

3,334.1

$
7,265.7

6,431.9

Operating income before restructuring and acquisition charges
$
138.7

136.2

$
193.2

156.1

Restructuring and acquisition (credits) charges
(11.1
)
5.4

(10.4
)
9.9

Operating income
$
149.8

130.8

$
203.6

146.2
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
The following table reconciles segment identifiable assets to consolidated amounts.
(in millions)
June 30, 2018
December 31, 2017
Real Estate Services:
 
 
Americas
$
5,027.8

4,745.4

EMEA
2,129.0

2,367.5

Asia Pacific
1,227.2

1,305.0

LaSalle
528.4

548.6

Corporate
275.3

287.9

Consolidated
$
9,187.7

9,254.4