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Business Segments (Tables)

3 Months Ended

Mar. 31, 2022

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)									2022			2021
Markets Advisory
Leasing									$	600.9		416.6
Property Management									370.5			347.6
Advisory, Consulting and Other									28.1			28.5
Revenue									$	999.5		792.7
Depreciation and amortization									$	17.1		15.9
Equity earnings									$	0.5		0.4
Adjusted EBITDA									$	111.2		66.0
Capital Markets
Investment Sales, Debt/Equity Advisory and Other									$	476.1		302.0
Valuation Advisory									84.6			79.7
Loan Servicing									39.9			30.0
Revenue									$	600.6		411.7
Depreciation and amortization									$	15.6		15.9
Equity earnings									$	0.8		0.4
Adjusted EBITDA									$	118.2		59.1
Work Dynamics
Workplace Management									$	2,320.4		2,048.4
Project Management									612.3			551.8
Portfolio Services and Other									100.9			97.9
Revenue									$	3,033.6		2,698.1
Depreciation and amortization									$	16.5		16.2
Equity earnings									$	0.3		0.1
Adjusted EBITDA									$	35.2		24.9
JLL Technologies
Revenue									$	49.4		43.4
Depreciation and amortization									$	3.8		2.9
Equity earnings									$	18.8		34.6
Adjusted EBITDA									$	(12.3)		14.0
LaSalle
Advisory fees									$	97.0		83.5
Transaction fees and other									17.1			7.7
Incentive fees									4.2			—
Revenue									$	118.3		91.2
Depreciation and amortization									$	1.4		2.1
Equity (losses) earnings									$	(1.9)		13.0
Adjusted EBITDA									$	21.3		26.1

The following table is a reconciliation of Adjusted EBITDA to Net income attributable to common shareholders.

						Three Months Ended March 31,
(in millions)									2022			2021
Adjusted EBITDA - Markets Advisory									$	111.2		66.0
Adjusted EBITDA - Capital Markets									118.2			59.1
Adjusted EBITDA - Work Dynamics									35.2			24.9
Adjusted EBITDA - JLL Technologies									(12.3)			14.0
Adjusted EBITDA - LaSalle									21.3			26.1
Adjusted EBITDA - Consolidated									$	273.6		190.1
Adjustments:
Restructuring and acquisition charges									$	(19.5)		(17.2)
Gain on disposition									—			12.0
Net non-cash MSR and mortgage banking derivative activity									(3.6)			9.7
Interest expense, net of interest income									(10.2)			(10.4)
Provision for income taxes									(40.3)			(28.2)
Depreciation and amortization									(54.4)			(53.0)
Net income attributable to common shareholders									$	145.6		103.0

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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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