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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Summarized Unaudited Financial Information by Business Segments
Summarized financial information by business segment is as follows.
 
Three Months Ended September 30,
Nine Months Ended September 30,
(in millions)
2018
2017
2018
2017
Americas - Real Estate Services
 
 
 
 
Leasing
$
424.0

370.1

$
1,151.4

1,057.5

Capital Markets
115.6

115.4

344.4

319.2

Property & Facility Management
1,271.5

1,077.0

3,713.4

3,230.7

Project & Development Services
304.7

288.2

848.8

843.7

Advisory, Consulting and Other
85.8

69.9

237.1

201.9

Revenue
2,201.6

1,920.6

6,295.1

5,653.0

Reimbursements
(1,251.5
)
(1,094.9
)
(3,659.6
)
(3,283.4
)
Revenue before reimbursements
950.1

825.7

2,635.5

2,369.6

Gross contract costs
(170.7
)
(124.9
)
(460.4
)
(387.1
)
Net non-cash MSR and mortgage banking derivative activity
(5.3
)
(7.1
)
(9.3
)
(11.1
)
Fee revenue
774.1

693.7

2,165.8

1,971.4

Operating expenses, excluding reimbursed expenses:
 

 



 
Compensation, operating and administrative expenses
821.2

710.2

2,306.8

2,078.2

Depreciation and amortization
24.5

24.2

77.1

71.4

Segment operating expenses, excluding reimbursed expenses
845.7

734.4

2,383.9

2,149.6

Gross contract costs
(170.7
)
(124.9
)
(460.4
)
(387.1
)
Fee-based segment operating expenses
675.0

609.5

1,923.5

1,762.5

Segment operating income
$
104.4

91.3

$
251.6

220.0

Equity earnings
0.1

0.1

0.6

0.5

Segment income
$
104.5

91.4

$
252.2

220.5

 
 
 
 
 
EMEA - Real Estate Services
 
 
 
 
Leasing
$
80.1

71.0

$
211.9

186.6

Capital Markets
108.9

107.2

288.1

263.7

Property & Facility Management
336.3

335.9

1,078.9

975.0

Project & Development Services
220.1

170.3

663.5

472.0

Advisory, Consulting and Other
60.2

65.6

193.4

177.1

Revenue
805.6

750.0

2,435.8

2,074.4

Reimbursements
(171.0
)
(108.5
)
(480.0
)
(335.9
)
Revenue before reimbursements
634.6

641.5

1,955.8

1,738.5

Gross contract costs
(237.9
)
(258.9
)
(820.4
)
(739.2
)
Fee revenue
396.7

382.6

1,135.4

999.3

Operating expenses, excluding reimbursed expenses:
 

 

 
 
Compensation, operating and administrative expenses
611.7

625.9

1,931.4

1,723.5

Depreciation and amortization
11.8

11.6

34.7

33.0

Segment operating expenses, excluding reimbursed expenses
623.5

637.5

1,966.1

1,756.5

Gross contract costs
(237.9
)
(258.9
)
(820.4
)
(739.2
)
Fee-based segment operating expenses
385.6

378.6

1,145.7

1,017.3

Segment operating income (loss)
$
11.1

4.0

$
(10.3
)
(18.0
)
Equity earnings
—

—

—

—

Segment income (loss)
$
11.1

4.0

$
(10.3
)
(18.0
)
Continued: Summarized financial information by business segment is as follows.
 
Three Months Ended September 30,
Nine Months Ended September 30,
(in millions)
2018
2017
2018
2017
Asia Pacific - Real Estate Services
 
 
 
 
Leasing
$
69.3

51.9

$
165.2

133.7

Capital Markets
39.5

55.7

122.2

121.5

Property & Facility Management
529.2

490.0

1,590.6

1,449.4

Project & Development Services
108.7

109.5

309.8

297.4

Advisory, Consulting and Other
43.3

42.3

126.4

117.4

Revenue
790.0

749.4

2,314.2

2,119.4

Reimbursements
(330.0
)
(333.5
)
(1,007.8
)
(1,005.9
)
Revenue before reimbursements
460.0

415.9

1,306.4

1,113.5

Gross contract costs
(207.7
)
(169.1
)
(608.4
)
(462.5
)
Fee revenue
252.3

246.8

698.0

651.0

Operating expenses, excluding reimbursed expenses:
 

 

 
 
Compensation, operating and administrative expenses
432.6

386.5

1,245.1

1,047.2

Depreciation and amortization
5.6

5.2

17.0

15.7

Segment operating expenses, excluding reimbursed expenses
438.2

391.7

1,262.1

1,062.9

Gross contract costs
(207.7
)
(169.1
)
(608.4
)
(462.5
)
Fee-based segment operating expenses
230.5

222.6

653.7

600.4

Segment operating income
$
21.8

24.2

$
44.3

50.6

Equity earnings
1.0

0.9

2.0

2.3

Segment income
$
22.8

25.1

$
46.3

52.9

 
 
 
 
 
LaSalle
 

 

 
 
Advisory fees
$
68.0

63.4

$
205.0

190.0

Transaction fees & other
9.8

5.6

33.2

24.9

Incentive fees
94.8

33.2

145.4

48.5

Revenue
172.6

102.2

383.6

263.4

Reimbursements
(3.6
)
(4.6
)
(13.2
)
(13.5
)
Revenue before reimbursements
169.0

97.6

370.4

249.9

Gross contract costs
(0.7
)
(1.2
)
(3.2
)
(3.8
)
Fee revenue
168.3

96.4

367.2

246.1

Operating expenses, excluding reimbursed expenses:
 

 

 
 
Compensation, operating and administrative expenses
110.9

75.1

265.9

203.0

Depreciation and amortization
0.8

0.8

2.3

2.2

Segment operating expenses, excluding reimbursed expenses
111.7

75.9

268.2

205.2

Gross contract costs
(0.7
)
(1.2
)
(3.2
)
(3.8
)
Fee-based segment operating expenses
111.0

74.7

265.0

201.4

Segment operating income
$
57.3

21.7

$
102.2

44.7

Equity earnings
2.3

11.6

24.6

29.9

Segment income
$
59.6

33.3

$
126.8

74.6


 
Three Months Ended September 30,
Nine Months Ended September 30,
(in millions)
2018
2017
2018
2017
Segment Reconciling Items
 
 
 
 
Fee revenue
$
1,591.4

1,419.5

$
4,366.4

3,867.8

Gross contract costs
617.0

554.1

1,892.4

1,592.6

Net non-cash MSR and mortgage banking derivative activity
5.3

7.1

9.3

11.1

Revenue before reimbursements
2,213.7

1,980.7

6,268.1

5,471.5

Reimbursements
1,756.1

1,541.5

5,160.6

4,638.7

Revenue
$
3,969.8

3,522.2

$
11,428.7

10,110.2

Total segment operating expenses, excluding reimbursed expenses & before restructuring and acquisition charges
$
2,019.1

1,839.5

$
5,880.3

5,174.2

Reimbursed expenses
1,756.1

1,541.5

5,160.6

4,638.7

Total segment operating expenses before restructuring and acquisition charges
$
3,775.2

3,381.0

$
11,040.9

9,812.9

Operating income before restructuring and acquisition charges
$
194.6

141.2

$
387.8

297.3

Restructuring and acquisition charges (credits)
3.7

3.4

(6.7
)
13.3

Operating income
$
190.9

137.8

$
394.5

284.0
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
The following table reconciles segment identifiable assets to consolidated amounts.
(in millions)
September 30, 2018
December 31, 2017
Real Estate Services:
 
 
Americas
$
5,292.8

4,745.4

EMEA
2,168.3

2,367.5

Asia Pacific
1,287.9

1,305.0

LaSalle
584.3

548.6

Corporate
285.8

287.9

Consolidated
$
9,619.1

9,254.4