Business Combinations, Goodwill and Other Intangible Assets HFF (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]

The following table details the total consideration transferred.



(in millions)	Amount
Cash consideration ⁽¹⁾	$	1,029.5
Share consideration ⁽²⁾	809.2
JLL RSUs issued to replace unvested HFF RSUs ⁽³⁾	32.0
Total consideration	$	1,870.7

⁽¹⁾Exclusive of $262.8 million cash and $5.8 million of restricted cash acquired.

⁽²⁾ Represents the fair value of JLL common stock issued to then-HFF stockholders.

⁽³⁾ Represents the allocation of expense to the pre-combination period; included within APIC.

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

We have completed our analysis to assign fair values to all tangible and intangible assets and liabilities acquired and assumed except for tax-related accounts, however, we do not anticipate material changes to the amounts presented below. We expect to complete the purchase price allocation in advance of, but not later than, one year from the acquisition date.



Description (in millions)	July 1, 2019
Total acquisition consideration	$	1,870.7

Assets
Cash and cash equivalents	$	262.8
Trade receivables, net	14.8
Warehouse receivables (face amount of $766.0)	794.1
Prepaid & other current assets	33.5
Property and equipment	18.9
Operating lease right-of-use assets	65.3
Identified intangibles	349.9
Other assets	38.4
Total assets	$	1,577.7
Liabilities
Accounts payable and accrued liabilities	$	26.7
Accrued compensation & benefits	55.8
Warehouse facilities	766.0
Other current liabilities (includes short-term operating lease liabilities)	63.2
Deferred tax liabilities, net	92.3
Long-term operating lease liabilities	55.6
Other liabilities	45.1
Total liabilities	$	1,104.7
Net assets	$	473.0
Goodwill	$	1,397.7

Schedule of Business Acquisitions, Pro Forma Revenue [Table Text Block]

The following table provides unaudited pro forma results of operations assuming the acquisition of HFF occurred as of January 1, 2018.

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following is a summary of the preliminary estimate of the finite-lived intangible assets acquired in connection with the HFF acquisition.



Intangible Asset Class ($ in millions)	Weighted Average Useful Life	Fair Value at Acquisition Date
Mortgage servicing rights (MSRs)	6.2 years	$	156.7
Other identified intangibles¹	6.0 years	193.2
Total finite-lived intangibles acquired		$	349.9

¹ Predominantly relates to customer relationships.

Year ended December 31,

(in millions)

Net income attributable to common shareholders