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Business Combinations, Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2020
Schedule of Business Acquisitions, Pro Forma Revenue [Line Items]  
Summary of Earn-out Payments [Table Text Block]
Earn-Out Payments
($ in millions)
June 30, 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)
$
221.1

 
$
268.9

Short-term earn-out liabilities (fair value)1
78.2

 
53.9

Long-term earn-out liabilities (fair value)1
19.6

 
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

Dispositions
—

(0.7
)
—

—

 
(0.7
)
Impact of exchange rate movements
(1.7
)
(41.4
)
(2.5
)
(1.0
)
 
(46.6
)
Balance as of June 30, 2020
$
2,875.9

873.8

315.1

56.1

 
$
4,120.9

 
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
3.2

1.6

—

35.4

 
40.2

Impact of exchange rate movements
1.2

(8.0
)
0.5

(1.0
)
 
(7.3
)
Balance as of June 30, 2019
$
1,456.4

900.4

317.3

56.6

 
$
2,730.7
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)
43.0

 
—

—

0.5

—

 
43.5

Adjustment for fully amortized intangibles
(20.0
)
 
(6.2
)
(0.5
)
—

—

 
(26.7
)
Impact of exchange rate movements
—

 
(0.4
)
(3.5
)
(0.4
)
(0.1
)
 
(4.4
)
Balance as of June 30, 2020
$
503.4

 
279.1

51.9

21.5

53.9

 
$
909.8

 
 
 
 
 
 
 
 
 
Accumulated Amortization
 
 
 

 

 

 

 
 

Balance as of December 31, 2019
$
(104.0
)
 
(68.3
)
(33.1
)
(6.7
)
(2.7
)
 
$
(214.8
)
Amortization, net (2)
(42.5
)
 
(23.4
)
(3.5
)
(0.7
)
(1.3
)
 
(71.4
)
Adjustment for fully amortized intangibles
20.0

 
6.2

0.5

—

—

 
26.7

Impact of exchange rate movements
—

 
0.3

2.2

0.1

—

 
2.6

Balance as of June 30, 2020
$
(126.5
)
 
(85.2
)
(33.9
)
(7.3
)
(4.0
)
 
$
(256.9
)
 


 
 
 
 
 
 
 
Net book value as of June 30, 2020
$
376.9

 
193.9

18.0

14.2

49.9

 
$
652.9

(1) Included in this amount for MSRs was (i) $9.3 million relating to prepayments/write-offs due to prepayments of the underlying obligation for which we assumed, acquired or retained the servicing rights and (ii) $2.8 million relating to an impairment valuation allowance, recognized during the three months ended June 30, 2020.
(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)
21.2

 
0.9

0.1

—

9.7

 
31.9

Adjustment for fully amortized intangibles
(8.2
)
 
—

(14.0
)
—

—

 
(22.2
)
Impact of exchange rate movements
—

 
0.1

(0.8
)
—

0.7

 
—

Balance as of June 30, 2019
$
279.2

 
91.0

68.4

23.5

54.3

 
$
516.4

 
 
 
 
 
 
 
 
 
Accumulated Amortization
 
 
 

 

 

 

 
 

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

 
$
(169.8
)
Amortization, net (2)
(18.6
)
 
(7.1
)
(5.4
)
(1.1
)
(1.4
)
 
(33.6
)
Adjustment for fully amortized intangibles
8.2

 
—

14.0

—

—

 
22.2

Impact of exchange rate movements
—

 
0.2

0.7

—

—

 
0.9

Balance as of June 30, 2019
$
(82.8
)
 
(45.7
)
(42.5
)
(7.9
)
(1.4
)
 
$
(180.3
)
 
 
 
 
 
 
 
 
 
Net book value as of June 30, 2019
$
196.4

 
45.3

25.9

15.6

52.9

 
$
336.1

(1) Included in this amount for MSRs was $3.0 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 June 30, 2020, is presented in the following table.
(in millions)
MSRs
Other Intangibles
 
Total
2020 (remaining 6 months)
$
33.3

28.9

 
$
62.2

2021
63.9

48.6

 
112.5

2022
56.6

42.9

 
99.5

2023
50.1

40.5

 
90.6

2024
42.3

36.2

 
78.5

2025
34.7

18.9

 
53.6

Thereafter
96.0

10.0

 
106.0

Total
$
376.9

226.0

 
$
602.9