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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2022
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)2022202120222021
Markets Advisory  
Leasing$703.3 694.9 $2,012.6 1,683.9 
Property Management377.8 351.3 1,126.5 1,046.7 
Advisory, Consulting and Other30.4 33.7 90.1 93.3 
Revenue$1,111.5 1,079.9 $3,229.2 2,823.9 
Depreciation and amortization(a)
$16.6 16.4 $50.0 49.0 
Equity (losses) earnings$(0.2)0.1 $0.7 0.6 
Adjusted EBITDA$132.1 149.2 $377.3 329.1 
Capital Markets  
Investment Sales, Debt/Equity Advisory and Other$465.0 554.7 $1,490.8 1,286.8 
Valuation Advisory89.7 87.1 268.7 258.2 
Loan Servicing40.5 38.5 120.8 99.1 
Revenue$595.2 680.3 $1,880.3 1,644.1 
Depreciation and amortization$15.2 15.1 $46.2 47.7 
Equity earnings $0.7 1.3 $2.1 3.1 
Adjusted EBITDA$83.2 138.4 $328.1 318.3 
Work Dynamics
Workplace Management$2,429.1 2,138.4 $7,183.5 6,294.0 
Project Management748.3 707.8 2,115.4 1,877.4 
Portfolio Services and Other112.4 114.2 335.0 323.3 
Revenue$3,289.8 2,960.4 $9,633.9 8,494.7 
Depreciation and amortization$17.6 16.9 $51.1 49.9 
Equity earnings$0.1 0.3 $1.3 0.1 
Adjusted EBITDA$53.4 37.7 $146.2 113.8 
JLL Technologies
Revenue$56.5 38.8 $156.6 121.8 
Depreciation and amortization$3.7 2.2 $11.4 7.3 
Equity earnings$1.0 7.3 $64.5 58.1 
Adjusted EBITDA$(15.3)(10.7)$(14.7)1.8 
LaSalle  
Advisory fees$102.6 97.3 $302.8 270.4 
Transaction fees and other10.0 10.2 37.4 28.9 
Incentive fees11.9 22.3 17.1 37.5 
Revenue$124.5 129.8 $357.3 336.8 
Depreciation and amortization$1.6 2.2 $4.8 6.4 
Equity (losses) earnings$(1.1)8.4 $4.0 44.8 
Adjusted EBITDA$22.8 37.4 $71.9 111.5 
(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 September 30,Nine Months Ended September 30,
(in millions)2022202120222021
Adjusted EBITDA - Markets Advisory$132.1 149.2 $377.3 329.1 
Adjusted EBITDA - Capital Markets83.2 138.4 328.1 318.3 
Adjusted EBITDA - Work Dynamics53.4 37.7 146.2 113.8 
Adjusted EBITDA - JLL Technologies(15.3)(10.7)(14.7)1.8 
Adjusted EBITDA - LaSalle22.8 37.4 71.9 111.5 
Adjusted EBITDA - Consolidated$276.2 352.0 $908.8 874.5 
Adjustments:
Restructuring and acquisition charges$(21.0)(15.6)$(66.4)(50.9)
Net gain (loss) on disposition— 0.4 (7.5)12.4 
Net non-cash MSR and mortgage banking derivative activity5.2 28.1 12.8 43.5 
Interest expense, net of interest income(23.2)(9.6)(49.1)(30.6)
Provision for income taxes(42.3)(65.3)(155.4)(148.4)
Depreciation and amortization(a)
(54.7)(52.8)(163.5)(160.3)
Net income attributable to common shareholders$140.2 237.2 $479.7 540.2 
(a) This adjustment excludes the noncontrolling interest portion of amortization of acquisition-related intangibles which is not attributable to common shareholders.