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Business Segments (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Summarized Unaudited Financial Information by Business Segments

Summarized financial information by business segment is as follows.

			Three Months Ended September 30,						Nine Months Ended September 30,
(in millions)			2021			2020			2021			2020
Americas
Leasing			$	594.6		325.2			$	1,442.5		1,022.2
Capital Markets			421.2			190.8			934.1			579.0
Property & Facility Management			1,564.8			1,433.3			4,576.8			4,331.6
Project & Development Services			389.2			336.2			962.0			917.9
Advisory, Consulting and Other			113.4			95.3			313.2			282.2
Revenue			$	3,083.2		2,380.8			$	8,228.6		7,132.9
Depreciation and amortization			$	33.2		36.4			$	100.6		112.9
Equity earnings			$	7.6		4.8			$	58.6		20.4
Segment income			$	285.6		140.0			$	637.2		277.1
EMEA
Leasing			$	80.6		58.5			$	209.0		153.3
Capital Markets			110.4			73.3			284.0			196.5
Property & Facility Management			368.5			348.7			1,074.5			1,044.2
Project & Development Services			207.2			190.8			595.7			558.3
Advisory, Consulting and Other			63.3			72.5			192.8			173.6
Revenue			$	830.0		743.8			$	2,356.0		2,125.9
Depreciation and amortization			$	10.3		9.8			$	32.2		28.0
Equity earnings			$	—		0.8			$	—		0.8
Segment loss			$	(10.3)		(1.9)			$	(45.8)		(55.8)
Asia Pacific
Leasing			$	63.6		46.6			$	147.7		105.8
Capital Markets			43.4			20.4			125.7			66.1
Property & Facility Management			567.3			521.3			1,729.9			1,568.5
Project & Development Services			111.5			104.5			319.7			296.5
Advisory, Consulting and Other			60.4			50.4			176.9			133.7
Revenue			$	846.2		743.2			$	2,499.9		2,170.6
Depreciation and amortization			$	7.5		6.9			$	22.4		20.5
Equity earnings			$	1.4		0.9			$	3.4		0.7
Segment income			$	20.9		35.8			$	75.2		57.4
LaSalle
Advisory fees			$	97.3		84.6			$	270.4		251.1
Transaction fees & other			10.2			17.7			28.9			36.1
Incentive fees			22.3			8.0			37.5			27.9
Revenue			$	129.8		110.3			$	336.8		315.1
Depreciation and amortization			$	1.8		1.8			$	5.1		5.4
Equity earnings (losses)			$	8.4		8.5			$	44.7		(20.5)
Segment income			$	29.7		29.5			$	88.9		28.8

The following table is a reconciliation of Segment income to consolidated Operating income.

			Three Months Ended September 30,						Nine Months Ended September 30,
(in millions)			2021			2020			2021			2020
Segment income - Americas			$	285.6		140.0			$	637.2		277.1
Segment loss - EMEA			(10.3)			(1.9)			(45.8)			(55.8)
Segment income - APAC			20.9			35.8			75.2			57.4
Segment income - LaSalle			29.7			29.5			88.9			28.8
Less: Equity earnings			(17.4)			(15.0)			(106.7)			(1.4)
Add: Restructuring and acquisition charges			(15.6)			(33.5)			(50.9)			(75.8)
Operating income			$	292.9		154.9			$	597.9		230.3

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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=123359005&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=123359005&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=123359005&loc=d3e8906-108599

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- References

No definition available.

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