XML 34 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Business Combinations, Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
Schedule of Business Acquisitions, Pro Forma Revenue [Line Items]  
Summary of Earn-out Payments [Table Text Block]
Earn-Out Payments
($ in millions)March 31, 2021December 31, 2020
Number of acquisitions with earn-out payments subject to the achievement of certain performance criteria24 35 
Maximum earn-out payments (undiscounted)$157.8 $199.2 
Short-term earn-out liabilities (fair value)(1)
59.9 77.2 
Long-term earn-out liabilities (fair value)(1)
8.3 8.5 
(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)AmericasEMEAAsia PacificLaSalleConsolidated
Balance as of December 31, 2020$2,878.0 959.7 329.2 57.8 $4,224.7 
Dispositions(11.0)(0.7)  (11.7)
Impact of exchange rate movements0.3 (8.6)(3.0) (11.3)
Balance as of March 31, 2021$2,867.3 950.4 326.2 57.8 $4,201.7 
 Real Estate Services  
(in millions)AmericasEMEAAsia PacificLaSalleConsolidated
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 
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.
 MSRsOther Intangibles 
(in millions)AmericasAmericasEMEAAsia PacificLaSalleConsolidated
Gross Carrying Amount     
Balance as of December 31, 2020$572.1 265.8 55.7 23.6 57.9 $975.1 
Additions, net of adjustments (1)
40.0  3.8   43.8 
Adjustment for fully amortized intangibles(6.7)(7.9)(0.9)(2.2) (17.7)
Impact of exchange rate movements 0.1 0.2 (0.4)(1.8)(1.9)
Balance as of March 31, 2021$605.4 258.0 58.8 21.0 56.1 $999.3 
Accumulated Amortization     
Balance as of December 31, 2020$(147.8)(94.1)(39.5)(8.6)(5.3)$(295.3)
Amortization, net (2)
(21.6)(10.5)(1.8)(0.3)(0.4)(34.6)
Adjustment for fully amortized intangibles6.7 7.9 0.9 2.2  17.7 
Impact of exchange rate movements  (0.1)0.1 (0.1)(0.1)
Balance as of March 31, 2021$(162.7)(96.7)(40.5)(6.6)(5.8)$(312.3)
Net book value as of March 31, 2021$442.7 161.3 18.3 14.4 50.3 $687.0 
(1) Included in this amount for MSRs was (i) $3.1 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.
 MSRsOther Intangibles 
(in millions)AmericasAmericasEMEAAsia PacificLaSalleConsolidated
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)$(214.8)
Amortization, net (2)
(22.6)(11.6)(1.8)(0.4)(0.7)(37.1)
Adjustment for fully amortized intangibles12.7 — 0.2 — — 12.9 
Impact of exchange rate movements— 0.2 2.1 0.5 0.1 2.9 
Balance as of March 31, 2020$(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.