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Business Combinations, Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2020
Schedule of Business Acquisitions, Pro Forma Revenue [Line Items] |
Summary of Earn-out Payments [Table Text Block] | Earn-Out Payments
($ in millions) | September 30, 2020 |  | December 31, 2019
Number of acquisitions with earn-out payments subject to the achievement of certain performance criteria | 42 |  |  | 44 |
Maximum earn-out payments (undiscounted) | $ | 221.3 |  |  | $ | 268.9 |
Short-term earn-out liabilities (fair value)1 | 77.0 |  |  | 53.9 |
Long-term earn-out liabilities (fair value)1 | 18.0 |  |  | 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 | (1.1 | ) | (4.7 | ) | 2.6 |  | (0.3 | ) |  | (3.5 | )
Balance as of September 30, 2020 | $ | 2,876.5 |  | 910.5 |  | 320.2 |  | 56.8 |  |  | $ | 4,164.0 |
| 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 | 1,392.9 |  | 1.6 |  | — |  | 35.5 |  |  | 1,430.0 |
Dispositions | — |  | (0.9 | ) | — |  | — |  |  | (0.9 | )
Impact of exchange rate movements | 0.3 |  | (37.6 | ) | (4.6 | ) | (1.8 | ) |  | (43.7 | )
Balance as of September 30, 2019 | $ | 2,845.2 |  | 869.9 |  | 312.2 |  | 55.9 |  |  | $ | 4,083.2 |
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) | 77.9 |  |  | — |  | — |  | 0.5 |  | — |  |  | 78.4 |
Adjustment for fully amortized intangibles | (30.9 | ) |  | (14.1 | ) | (0.4 | ) | — |  | — |  |  | (45.4 | )
Impact of exchange rate movements | — |  |  | (0.2 | ) | (1.5 | ) | 0.3 |  | 1.9 |  |  | 0.5 |
Balance as of September 30, 2020 | $ | 527.4 |  |  | 271.4 |  | 54.0 |  | 22.2 |  | 55.9 |  |  | $ | 930.9 |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2019 | $ | (104.0 | ) |  | (68.3 | ) | (33.1 | ) | (6.7 | ) | (2.7 | ) |  | $ | (214.8 | )
Amortization, net (2) | (65.5 | ) |  | (35.0 | ) | (5.2 | ) | (1.1 | ) | (2.0 | ) |  | (108.8 | )
Adjustment for fully amortized intangibles | 30.9 |  |  | 14.1 |  | 0.4 |  | — |  | — |  |  | 45.4 |
Impact of exchange rate movements | — |  |  | 0.4 |  | 0.9 |  | (0.1 | ) | — |  |  | 1.2 |
Balance as of September 30, 2020 | $ | (138.6 | ) |  | (88.8 | ) | (37.0 | ) | (7.9 | ) | (4.7 | ) |  | $ | (277.0 | )
Net book value as of September 30, 2020 | $ | 388.8 |  |  | 182.6 |  | 17.0 |  | 14.3 |  | 51.2 |  |  | $ | 653.9 |
(1) Included in this amount for MSRs was (i) $15.3 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) $1.9 million relating to a net impairment valuation allowance. (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) | 208.3 |  |  | 194.5 |  | — |  | — |  | 10.3 |  |  | 413.1 |
Adjustment for fully amortized intangibles | (21.8 | ) |  | (0.7 | ) | (22.1 | ) | (2.0 | ) | — |  |  | (46.6 | )
Impairments | — |  |  | (0.5 | ) | — |  | — |  | — |  |  | (0.5 | )
Impact of exchange rate movements | — |  |  | — |  | (2.8 | ) | (0.8 | ) | (1.6 | ) |  | (5.2 | )
Balance as of September 30, 2019 | $ | 452.7 |  |  | 283.3 |  | 58.2 |  | 20.7 |  | 52.6 |  |  | $ | 867.5 |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of December 31, 2018 | $ | (72.4 | ) |  | (38.8 | ) | (51.8 | ) | (6.8 | ) | — |  |  | $ | (169.8 | )
Amortization, net (2) | (41.6 | ) |  | (18.9 | ) | (7.5 | ) | (1.6 | ) | (2.0 | ) |  | (71.6 | )
Adjustment for fully amortized intangibles | 21.8 |  |  | 0.7 |  | 22.1 |  | 2.0 |  | — |  |  | 46.6 |
Impairments | — |  |  | 0.5 |  | — |  | — |  | — |  |  | 0.5 |
Impact of exchange rate movements | — |  |  | — |  | 2.2 |  | 0.2 |  | — |  |  | 2.4 |
Balance as of September 30, 2019 | $ | (92.2 | ) |  | (56.5 | ) | (35.0 | ) | (6.2 | ) | (2.0 | ) |  | $ | (191.9 | )
Net book value as of September 30, 2019 | $ | 360.5 |  |  | 226.8 |  | 23.2 |  | 14.5 |  | 50.6 |  |  | $ | 675.6 |
(1) Included in this amount for MSRs was $10.6 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 September 30, 2020, is presented in the following table.
(in millions) | MSRs | Other Intangibles |  | Total
2020 (remaining 3 months) | $ | 17.2 |  | 16.0 |  |  | $ | 33.2 |
2021 | 66.2 |  | 48.6 |  |  | 114.8 |
2022 | 59.3 |  | 42.9 |  |  | 102.2 |
2023 | 53.0 |  | 40.5 |  |  | 93.5 |
2024 | 45.4 |  | 36.2 |  |  | 81.6 |
2025 | 37.7 |  | 18.9 |  |  | 56.6 |
Thereafter | 110.0 |  | 10.0 |  |  | 120.0 |
Total | $ | 388.8 |  | 213.1 |  |  | $ | 601.9 |

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