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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Summarized Unaudited Financial Information by Business Segments
Summarized financial information by business segment is as follows.
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2022202120222021
Markets Advisory  
Leasing$708.4 572.4 $1,309.3 989.0 
Property Management378.2 347.8 748.7 695.4 
Advisory, Consulting and Other31.6 31.1 59.7 59.6 
Revenue$1,118.2 951.3 $2,117.7 1,744.0 
Depreciation and amortization(a)
$16.3 16.7 $33.4 32.6 
Equity earnings$0.4 0.1 $0.9 0.5 
Adjusted EBITDA$134.0 113.9 $245.2 179.9 
Capital Markets  
Investment Sales, Debt/Equity Advisory and Other$549.7 430.1 $1,025.8 732.1 
Valuation Advisory94.4 91.4 179.0 171.1 
Loan Servicing40.4 30.6 80.3 60.6 
Revenue$684.5 552.1 $1,285.1 963.8 
Depreciation and amortization$15.4 16.7 $31.0 32.6 
Equity earnings $0.6 1.4 $1.4 1.8 
Adjusted EBITDA$126.7 120.8 $244.9 179.9 
Work Dynamics
Workplace Management$2,434.0 2,107.2 $4,754.4 4,155.6 
Project Management754.8 617.8 1,367.1 1,169.6 
Portfolio Services and Other121.7 111.2 222.6 209.1 
Revenue$3,310.5 2,836.2 $6,344.1 5,534.3 
Depreciation and amortization$17.0 16.8 $33.5 33.0 
Equity earnings (losses)$0.9 (0.3)$1.2 (0.2)
Adjusted EBITDA$57.6 51.2 $92.8 76.1 
JLL Technologies
Revenue$50.7 39.6 $100.1 83.0 
Depreciation and amortization$3.9 2.2 $7.7 5.1 
Equity earnings$44.7 16.2 $63.5 50.8 
Adjusted EBITDA$12.9 (1.5)$0.6 12.5 
LaSalle  
Advisory fees$103.2 89.6 $200.2 173.1 
Transaction fees and other10.3 11.0 27.4 18.7 
Incentive fees1.0 15.2 5.2 15.2 
Revenue$114.5 115.8 $232.8 207.0 
Depreciation and amortization$1.8 2.1 $3.2 4.2 
Equity earnings$7.0 23.4 $5.1 36.4 
Adjusted EBITDA$27.8 48.0 $49.1 74.1 
(a) This adjustment excludes the noncontrolling interest portion of amortization of acquisition-related intangibles which is not attributable to common shareholders.
The following table is a reconciliation of Adjusted EBITDA to Net income attributable to common shareholders.
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2022202120222021
Adjusted EBITDA - Markets Advisory$134.0 113.9 $245.2 179.9 
Adjusted EBITDA - Capital Markets126.7 120.8 244.9 179.9 
Adjusted EBITDA - Work Dynamics57.6 51.2 92.8 76.1 
Adjusted EBITDA - JLL Technologies12.9 (1.5)0.6 12.5 
Adjusted EBITDA - LaSalle27.8 48.0 49.1 74.1 
Adjusted EBITDA - Consolidated$359.0 332.4 $632.6 522.5 
Adjustments:
Restructuring and acquisition charges$(25.9)(18.1)$(45.4)(35.3)
Net (loss) gain on disposition(7.5)— (7.5)12.0 
Net non-cash MSR and mortgage banking derivative activity11.2 5.7 7.6 15.4 
Interest expense, net of interest income(15.7)(10.6)(25.9)(21.0)
Provision for income taxes(72.8)(54.9)(113.1)(83.1)
Depreciation and amortization(a)
(54.4)(54.5)(108.8)(107.5)
Net income attributable to common shareholders$193.9 200.0 $339.5 303.0 
(a) This adjustment excludes the noncontrolling interest portion of amortization of acquisition-related intangibles which is not attributable to common shareholders.