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Business Combinations, Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Business Acquisitions, Pro Forma Revenue [Line Items]

Summary of Earn-out Payments [Table Text Block]

Earn-Out Payments

($ in millions)			June 30, 2022						December 31, 2021
Number of acquisitions with earn-out payments subject to the achievement of certain performance criteria			18						19
Maximum earn-out payments (undiscounted)			$	134.6					149.9
Short-term earn-out liabilities (fair value)(1)			30.2						39.0
Long-term earn-out liabilities (fair value)(1)			44.7						45.1

(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 table details, by reporting segment, movements in goodwill.

(in millions)			Markets Advisory			Capital Markets			Work Dynamics			JLL Technologies			LaSalle						Consolidated
Balance as of January 1, 2022			$	1,782.9		1,983.9			539.9			247.5			57.4						$	4,611.6
Additions, net of adjustments			—			0.8			4.6			0.4			—						5.8
Impact of exchange rate movements			(40.2)			(43.5)			(11.8)			(0.2)			(1.8)						(97.5)
Balance as of June 30, 2022			$	1,742.7		1,941.2			532.7			247.7			55.6						$	4,519.9

Movements in Gross Carrying Amount and Accumulated Amortization of Finite-Lived Intangible Assets

The following tables detail, by intangible type, movements in the gross carrying amount and accumulated amortization of our identifiable intangibles.

(in millions)			MSRs						Other Intangibles																		Consolidated
Gross Carrying Amount
Balance as of December 31, 2021			$	669.7					557.4																		$	1,227.1
Additions, net of adjustments(1)			78.1						4.9																		83.0
Adjustment for fully amortized intangibles			(33.8)						(2.5)																		(36.3)
Impact of exchange rate movements			—						(7.7)																		(7.7)
Balance as of June 30, 2022			$	714.0					552.1																		$	1,266.1
Accumulated Amortization
Balance as of December 31, 2021			$	(191.0)					(149.1)																		$	(340.1)
Amortization, net(2)			(58.8)						(33.7)																		(92.5)
Adjustment for fully amortized intangibles			33.8						2.5																		36.3
Impact of exchange rate movements			—						2.1																		2.1
Balance as of June 30, 2022			$	(216.0)					(178.2)																		$	(394.2)
Net book value as of June 30, 2022			$	498.0					373.9																		$	871.9

(1) Included in this amount for MSRs was $16.7 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 within the Condensed Consolidated Statements of Comprehensive Income.

(in millions)			MSRs						Other Intangibles																		Total
Gross Carrying Amount
Balance as of December 31, 2020			$	572.1					403.0																		$	975.1
Additions, net of adjustments(1)			61.9						3.8																		65.7
Adjustment for fully amortized intangibles			(17.2)						(28.8)																		(46.0)
Impact of exchange rate movements			—						(1.6)																		(1.6)
Balance as of June 30, 2021			$	616.8					376.4																		$	993.2
Accumulated Amortization
Balance as of December 31, 2020			$	(147.8)					(147.5)																		$	(295.3)
Amortization, net(2)			(44.9)						(26.3)																		(71.2)
Adjustment for fully amortized intangibles			17.2						28.8																		46.0
Impact of exchange rate movements			—						(0.2)																		(0.2)
Balance as of June 30, 2021			$	(175.5)					(145.2)																		$	(320.7)
Net book value as of June 30, 2021			$	441.3					231.2																		$	672.5

(1) Included in this amount for MSRs was $7.6 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 within the Condensed Consolidated Statements of Comprehensive Income.

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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