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Business Segments (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Summarized Unaudited Financial Information by Business Segments | Summarized financial information by business segment is as follows.
|  | Three Months Ended March 31,
(in millions) |  |  | 2021 | 2020
Americas |  |  |  |
Leasing |  |  | $ | 363.7 |  | 418.9 |
Capital Markets |  |  | 216.9 |  | 247.4 |
Property & Facility Management |  |  | 1,494.8 |  | 1,458.8 |
Project & Development Services |  |  | 269.8 |  | 306.4 |
Advisory, Consulting and Other |  |  | 98.7 |  | 91.6 |
Revenue |  |  | $ | 2,443.9 |  | 2,523.1 |
Depreciation and amortization |  |  | $ | 33.1 |  | 37.4 |
Equity earnings |  |  | $ | 34.5 |  | 12.7 |
Segment income |  |  | $ | 145.0 |  | 94.6 |
EMEA |  |  |  |
Leasing |  |  | $ | 54.4 |  | 48.1 |
Capital Markets |  |  | 74.2 |  | 73.2 |
Property & Facility Management |  |  | 344.1 |  | 375.0 |
Project & Development Services |  |  | 183.7 |  | 203.2 |
Advisory, Consulting and Other |  |  | 59.8 |  | 56.4 |
Revenue |  |  | $ | 716.2 |  | 755.9 |
Depreciation and amortization |  |  | $ | 10.9 |  | 9.2 |
Equity earnings |  |  | $ | — |  | — |
Segment loss |  |  | $ | (35.8) |  | (20.5) |
Asia Pacific |  |  |  |
Leasing |  |  | $ | 31.4 |  | 25.4 |
Capital Markets |  |  | 29.3 |  | 21.7 |
Property & Facility Management |  |  | 575.1 |  | 532.0 |
Project & Development Services |  |  | 98.3 |  | 94.8 |
Advisory, Consulting and Other |  |  | 51.7 |  | 38.2 |
Revenue |  |  | $ | 785.8 |  | 712.1 |
Depreciation and amortization |  |  | $ | 7.3 |  | 6.6 |
Equity earnings (losses) |  |  | $ | 1.0 |  | (0.7) |
Segment income |  |  | $ | 17.8 |  | 2.4 |
LaSalle |  |  |  |
Advisory fees |  |  | $ | 83.5 |  | 85.6 |
Transaction fees & other |  |  | 7.7 |  | 13.6 |
Incentive fees |  |  | — |  | 5.7 |
Revenue |  |  | $ | 91.2 |  | 104.9 |
Depreciation and amortization |  |  | $ | 1.7 |  | 1.8 |
Equity earnings (losses) |  |  | $ | 13.0 |  | (40.3) |
Segment income (loss) |  |  | $ | 19.4 |  | (26.1) |
The following table is a reconciliation of Segment income to consolidated Operating income.
|  | Three Months Ended March 31,
(in millions) |  |  | 2021 | 2020
Segment income - Americas |  |  | $ | 145.0 |  | 94.6 |
Segment loss - EMEA |  |  | (35.8) |  | (20.5) |
Segment income - APAC |  |  | 17.8 |  | 2.4 |
Segment income (loss) - LaSalle |  |  | 19.4 |  | (26.1) |
Less: Equity (earnings) losses |  |  | (48.5) |  | 28.3 |
Add: Restructuring and acquisition charges |  |  | (17.2) |  | (14.1) |
Operating income |  |  | $ | 80.7 |  | 64.6 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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