XML 59 R25.htm IDEA: XBRL DOCUMENT
v3.22.4

Business Combinations, Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Business Acquistion, Pro Forma Results [Line Items] |
Summary of Earn-out Payments [Table Text Block] | Earn-Out Payments
($ in millions) | December 31, 2022 |  | December 31, 2021
Number of acquisitions with earn-out payments subject to the achievement of certain performance criteria | 17 |  |  | 19 |
Maximum earn-out payments (undiscounted) | $ | 114.6 |  |  | 149.9 |
Short-term earn-out liabilities (fair value)(1) | 5.0 |  |  | 39.0 |
Long-term earn-out liabilities (fair value)(1) | 68.3 |  |  | 45.1 |
(1) Included in Short-term and Long-term acquisition-related obligations on the Consolidated Balance Sheets.
Movements in Goodwill by Reporting Segment |
(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 | — |  | 8.5 |  | 4.6 |  | 0.4 |  | — |  |  | 13.5 |
Impact of exchange rate movements | (40.0) |  | (43.2) |  | (11.9) |  | (0.2) |  | (1.8) |  |  | (97.1) |
Balance as of December 31, 2022 | $ | 1,742.9 |  | 1,949.2 |  | 532.6 |  | 247.7 |  | 55.6 |  |  | $ | 4,528.0 |
Movements in Gross Carrying Amount and Accumulated Amortization of Finite-Lived Intangible Assets |
(in millions) | MSRs | Other Intangibles |  | Consolidated
Gross Carrying Amount |  |  |  |
Balance as of December 31, 2020 | $ | 572.1 |  | 403.0 |  |  | $ | 975.1 |
Additions, net of adjustments (1) | 161.1 |  | 210.2 |  |  | 371.3 |
Adjustment for fully amortized intangibles | (63.5) |  | (50.5) |  |  | (114.0) |
Impact of exchange rate movements | — |  | (5.3) |  |  | (5.3) |
Balance as of December 31, 2021 | 669.7 |  | 557.4 |  |  | 1,227.1 |
Additions, net of adjustments (1) | 140.9 |  | 19.3 |  |  | 160.2 |
Adjustment for fully amortized intangibles | (63.3) |  | (13.5) |  |  | (76.8) |
Impact of exchange rate movements | — |  | (6.2) |  |  | (6.2) |
Balance as of December 31, 2022 | $ | 747.3 |  | 557.0 |  |  | $ | 1,304.3 |
Accumulated Amortization |  |  |  |
Balance as of December 31, 2020 | $ | (147.8) |  | (147.5) |  |  | $ | (295.3) |
Amortization expense, net (2) | (106.7) |  | (53.2) |  |  | (159.9) |
Adjustment for fully amortized intangibles | 63.5 |  | 50.5 |  |  | 114.0 |
Impact of exchange rate movements | — |  | 1.1 |  |  | 1.1 |
Balance as of December 31, 2021 | (191.0) |  | (149.1) |  |  | (340.1) |
Amortization expense, net (2) | (114.5) |  | (70.3) |  |  | (184.8) |
Adjustment for fully amortized intangibles | 63.3 |  | 13.5 |  |  | 76.8 |
Impact of exchange rate movements | — |  | 2.3 |  |  | 2.3 |
Balance as of December 31, 2022 | $ | (242.2) |  | (203.6) |  |  | $ | (445.8) |
Net book value as of December 31, 2022 | $ | 505.1 |  | 353.4 |  |  | $ | 858.5 |
(1) Included in this amount for MSRs was (i) $28.0 million and $31.2 million for 2022 and 2021, respectively, relating to write-offs due to prepayments of sold warehouse receivables for which we retained the servicing rights and (ii) $(0.1) million for 2021 relating to an impairment valuation allowance. (2) Amortization of MSRs is included in Revenue within the Consolidated Statements of Comprehensive Income.
Future Amortization Expense for Finite-Lived Intangible Assets | The remaining weighted average amortization period of MSRs and other finite-lived identifiable intangible assets is 4.1 years and 4.6 years, respectively, and the remaining estimated future amortization expense by year, as of December 31, 2022, is presented in the following table.
(in millions) | MSRs | Other Intangibles | Total
2023 | $ | 91.2 |  | 67.9 |  | $ | 159.1 |
2024 | 85.3 |  | 62.6 |  | 147.9 |
2025 | 76.4 |  | 42.0 |  | 118.4 |
2026 | 63.1 |  | 18.4 |  | 81.5 |
2027 | 52.0 |  | 14.7 |  | 66.7 |
Thereafter | 137.1 |  | 99.6 |  | 236.7 |
Total | $ | 505.1 |  | 305.2 |  | $ | 810.3 |

X
- Definition [Line Items] for Business Acquistion, Pro Forma Results [Table] + References No definition available. + Details
Name: | jll_BusinessAcquistionProFormaResultsLineItems
Namespace Prefix: | jll_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite- and indefinite-lived intangible assets by segment and the changes during the year to gross carrying amount and accumulated amortization. + References No definition available. + Details
Name: | jll_ScheduleOfFiniteAndIndefiniteLivedIntangibleAssetsBySegmentTableTextBlock
Namespace Prefix: | jll_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition [Table Text Block] for Summary of Earn-out Payments [Table] + References No definition available. + Details
Name: | jll_SummaryofEarnoutPaymentsTableTextBlock
Namespace Prefix: | jll_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=121556970&loc=SL108378252-109267 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 55 -Paragraph 24 -URI https://asc.fasb.org/extlink&oid=122137925&loc=d3e14258-109268 Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration