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Business Combinations, Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2020
Schedule of Business Acquisitions, Pro Forma Revenue [Line Items]  
Summary of Earn-out Payments [Table Text Block] As of March 31, 2020, we have completed our analysis to assign fair values to all the identifiable intangible and tangible assets acquired for our 2019 acquisitions, with the exception of tax-related accounts with respect to our acquisition of HFF, Inc.
Earn-Out Payments
($ in millions)
March 31, 2020
 
December 31, 2019
Number of acquisitions with earn-out payments subject to the achievement of certain performance criteria
44

 
44

Maximum earn-out payments (undiscounted)
$
254.0

 
$
268.9

Short-term earn-out liabilities (fair value)1
48.8

 
53.9

Long-term earn-out liabilities (fair value)1
81.2

 
94.5

1 Included in Short-term and Long-term acquisition-related obligations on the Condensed Consolidated Balance Sheets.
Movements in Goodwill by Reporting Segment
The following tables detail, by reporting segment, movements in goodwill.
 
Real Estate Services
 
 
 
(in millions)
Americas
EMEA
Asia Pacific
LaSalle
 
Consolidated
Balance as of December 31, 2019
$
2,877.6

915.9

317.6

57.1

 
$
4,168.2

Impact of exchange rate movements
(2.9
)
(46.6
)
(13.4
)
(1.0
)
 
(63.9
)
Balance as of March 31, 2020
$
2,874.7

869.3

304.2

56.1

 
$
4,104.3

 
Real Estate Services
 
 
 
(in millions)
Americas
EMEA
Asia Pacific
LaSalle
 
Consolidated
Balance as of December 31, 2018
$
1,452.0

906.8

316.8

22.2

 
$
2,697.8

Additions, net of adjustments
3.0

—

—

32.8

 
35.8

Impact of exchange rate movements
0.6

3.9

0.7

(0.5
)
 
4.7

Balance as of March 31, 2019
$
1,455.6

910.7

317.5

54.5

 
$
2,738.3
Movements in Gross Carrying Amount and Accumulated Amortization of Finite-Lived Intangible Assets
The following tables detail, by reporting segment, movements in the gross carrying amount and accumulated amortization of our identifiable intangibles.
 
MSRs
 
Other Intangibles
 
 
(in millions)
Americas
 
Americas
EMEA
Asia Pacific
LaSalle
 
Consolidated
Gross Carrying Amount
 
 
 
 
 
 
 
 
Balance as of December 31, 2019
$
480.4

 
285.7

55.9

21.4

54.0

 
$
897.4

Additions, net of adjustments (1)
16.9

 
—

—

0.5

—

 
17.4

Adjustment for fully amortized intangibles
(12.7
)
 
—

(0.2
)
—

—

 
(12.9
)
Impact of exchange rate movements
—

 
(0.5
)
(3.4
)
(2.1
)
(1.1
)
 
(7.1
)
Balance as of March 31, 2020
$
484.6

 
285.2

52.3

19.8

52.9

 
$
894.8

 
 
 
 
 
 
 
 
 
Accumulated Amortization
 
 
 

 

 

 

 
 

Balance as of December 31, 2019
$
(104.0
)
 
(68.3
)
(33.1
)
(6.7
)
(2.7
)
 
$
(214.8
)
Amortization, net (2)
(22.6
)
 
(11.6
)
(1.8
)
(0.4
)
(0.7
)
 
(37.1
)
Adjustment for fully amortized intangibles
12.7

 
—

0.2

—

—

 
12.9

Impact of exchange rate movements
—

 
0.2

2.1

0.5

0.1

 
2.9

Balance as of March 31, 2020
$
(113.9
)
 
(79.7
)
(32.6
)
(6.6
)
(3.3
)
 
$
(236.1
)
 


 
 
 
 
 
 
 
Net book value as of March 31, 2020
$
370.7

 
205.5

19.7

13.2

49.6

 
$
658.7

(1) Included in this amount for MSRs was $5.9 million relating to prepayments/write-offs due to prepayments of the underlying obligation for which we assumed, acquired or retained the servicing rights.
(2) Amortization of MSRs is included in Revenue before reimbursements within the Condensed Consolidated Statements of Comprehensive Income.
 
MSRs
 
Other Intangibles
 
 
(in millions)
Americas
 
Americas
EMEA
Asia Pacific
LaSalle
 
Consolidated
Gross Carrying Amount
 
 
 
 
 
 
 
 
Balance as of December 31, 2018
$
266.2

 
90.0

83.1

23.5

43.9

 
$
506.7

Additions, net of adjustments (1)
8.1

 
0.9

—

—

9.2

 
18.2

Adjustment for fully amortized intangibles
(4.4
)
 
—

—

—

—

 
(4.4
)
Impact of exchange rate movements
—

 
0.1

1.0

0.2

—

 
1.3

Balance as of March 31, 2019
$
269.9

 
91.0

84.1

23.7

53.1

 
$
521.8

 
 
 
 
 
 
 
 
 
Accumulated Amortization
 
 
 

 

 

 

 
 

Balance as of December 31, 2018
$
(72.4
)
 
(38.8
)
(51.8
)
(6.8
)
—

 
$
(169.8
)
Amortization, net (2)
(9.7
)
 
(3.6
)
(2.7
)
(0.6
)
(0.7
)
 
(17.3
)
Adjustment for fully amortized intangibles
4.4

 
—

—

—

—

 
4.4

Impact of exchange rate movements
—

 
—

(0.4
)
—

—

 
(0.4
)
Balance as of March 31, 2019
$
(77.7
)
 
(42.4
)
(54.9
)
(7.4
)
(0.7
)
 
$
(183.1
)
 
 
 
 
 
 
 
 
 
Net book value as of March 31, 2019
$
192.2

 
48.6

29.2

16.3

52.4

 
$
338.7

(1) Included in this amount for MSRs was $1.9 million relating to prepayments/write-offs due to prepayments of the underlying obligation for which we assumed, acquired or retained the servicing rights.
(2) Amortization of MSRs is included in Revenue before reimbursements within the Condensed Consolidated Statements of Comprehensive Income.
Future Amortization Expense for Finite-Lived Intangible Assets
The remaining estimated future amortization expense of MSRs and other identifiable intangible assets, by year, as of March 31, 2020, is presented in the following table.
(in millions)
MSRs
Other Intangibles
 
Total
2020 (remaining 9 months)
$
49.1

40.9

 
$
90.0

2021
62.1

48.6

 
110.7

2022
54.6

42.9

 
97.5

2023
47.6

40.5

 
88.1

2024
40.0

36.2

 
76.2

2025
32.5

18.9

 
51.4

Thereafter
84.8

10.0

 
94.8

Total
$
370.7

238.0

 
$
608.7