XML 40 R27.htm IDEA: XBRL DOCUMENT v3.21.2

Debt Warehouse Facilities (Tables)

6 Months Ended

Jun. 30, 2021

Warehouse Facilities [Abstract]

Schedule of Warehouse Facilities

Warehouse Facilities

			June 30, 2021									December 31, 2020
($ in millions)			Outstanding Balance			Maximum Capacity						Outstanding Balance			Maximum Capacity
Warehouse Facilities:
LIBOR plus 1.30%, expires September 20, 2021(1)			$	83.4		700.0						144.4			400.0
LIBOR plus 1.30%, expires September 18, 2021(2)			463.9			1,200.0						768.9			1,600.0
LIBOR plus 1.30%, expires August 27, 2021(3)			151.1			200.0						195.9			900.0
Fannie Mae ASAP(4) program, SOFR plus 1.25%(5)			16.0			n/a						128.8			n/a
LIBOR plus 1.50%			—			—						261.6			300.0
Gross warehouse facilities			714.4			2,100.0						1,499.6			3,200.0
Debt issuance costs			(0.3)			n/a						(1.2)			n/a
Total warehouse facilities			$	714.1		2,100.0						1,498.4			3,200.0

(1) In the second quarter of 2021, JLL increased the maximum capacity of the Warehouse facility with a decrease to the interest rate, previously, the facility had an interest rate of LIBOR plus 1.40% and a maximum capacity of $400.0 million.

(2) In the second quarter of 2021, JLL amended the Warehouse facility with a decrease to the interest rate, previously, the facility had an interest rate of LIBOR plus 1.40%. The temporary maximum capacity increase to $1,600.0 million expired on January 31, 2021; thereafter, the maximum capacity reverted to its original contractual amount.

(3) In the second quarter of 2021, JLL amended the Warehouse facility with a decrease to the interest rate, previously, the facility had an interest rate of LIBOR plus 1.40%. The temporary maximum capacity increase to $900.0 million expired on January 6, 2021; thereafter, the maximum capacity reverted to its original contractual amount.

(4) As Soon As Pooled ("ASAP") funding program.

(5) JLL amended the Fannie Mae ASAP program interest rate to Secured Overnight Financing Rate ("SOFR") plus 1.25%, previously, the facility had an interest rate of LIBOR plus 1.15%.

X

- Definition

Warehouse Facilities [Abstract]

+ References

No definition available.

+ Details

Name:	jll_WarehouseFacilitiesAbstract
Namespace Prefix:	jll_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration