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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Summary of financial information by business segment
Summarized financial information by business segment is as follows.
Year Ended December 31,
(in millions)202220212020
Markets Advisory  
Leasing$2,759.2 2,618.1 1,747.8 
Property Management1,525.3 1,437.9 1,317.9 
Advisory, Consulting and Other131.0 132.7 121.3 
Revenue$4,415.5 4,188.7 3,187.0 
Depreciation and amortization(1)
$70.6 69.4 68.0 
Equity (losses) earnings$(0.3)0.7 13.7 
Adjusted EBITDA$527.5 546.5 337.8 
Capital Markets
Investment Sales, Debt/Equity Advisory and Other$1,955.4 2,111.0 1,341.1 
Valuation Advisory374.9 369.3 311.0 
Loan Servicing157.9 140.2 111.4 
Revenue$2,488.2 2,620.5 1,763.5 
Depreciation and amortization$61.6 63.1 69.8 
Equity earnings$3.1 4.9 1.4 
Adjusted EBITDA$444.0 543.2 247.8 
Work Dynamics
Workplace Management$9,819.2 8,731.5 8,112.2 
Project Management2,972.3 2,684.9 2,530.2 
Portfolio Services and Other477.0 475.1 419.1 
Revenue$13,268.5 11,891.5 11,061.5 
Depreciation and amortization$71.1 66.2 68.0 
Equity earnings (losses)$1.2 0.4 (0.3)
Adjusted EBITDA$230.1 182.4 227.6 
JLL Technologies
Revenue$213.9 166.2 156.1 
Depreciation and amortization$15.4 10.5 11.3 
Equity earnings$46.6 140.7 5.7 
Adjusted EBITDA$(50.9)53.4 (33.1)
LaSalle
Advisory fees$404.6 364.7 336.4 
Transaction fees and other44.8 41.5 43.9 
Incentive fees26.6 93.9 41.5 
Revenue$476.0 500.1 421.8 
Depreciation and amortization$6.5 8.3 9.3 
Equity earnings (losses)$0.4 62.7 (12.5)
Adjusted EBITDA$96.6 171.0 79.5 
(1) 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.
Year Ended December 31,
(in millions)202220212020
Adjusted EBITDA - Markets Advisory$527.5 546.5 337.8 
Adjusted EBITDA - Capital Markets444.0 543.2 247.8 
Adjusted EBITDA - Work Dynamics230.1 182.4 227.6 
Adjusted EBITDA - JLL Technologies(50.9)53.4 (33.1)
Adjusted EBITDA - LaSalle96.6 171.0 79.5 
Adjusted EBITDA - Consolidated$1,247.3 1,496.5 859.6 
Adjustments:
Restructuring and acquisition charges$(104.8)(84.7)(142.4)
Net (loss) gain on disposition(7.5)12.4 4.8 
Interest on employee loans, net9.7 — — 
Net non-cash MSR and mortgage banking derivative activity11.0 59.3 66.6 
Interest expense, net of interest income(75.2)(40.1)(52.8)
Provision for income taxes(200.8)(264.3)(106.9)
Depreciation and amortization(1)
(225.2)(217.5)(226.4)
Net income attributable to common shareholders$654.5 961.6 402.5 
(1) This adjustment excludes the noncontrolling interest portion of amortization of acquisition-related intangibles which is not attributable to common shareholders.
Schedule of revenue from most significant currencies
The following table sets forth the revenue from our most significant currencies.
Year Ended December 31,
(in millions)202220212020
United States dollar$12,375.9 11,283.1 9,457.8 
British pound1,575.6 1,626.6 1,341.1 
Euro1,535.6 1,393.3 1,350.6 
Australian dollar1,183.0 1,118.7 876.1 
Canadian dollar593.8 508.3 432.6 
Indian rupee591.0 508.2 524.5 
Hong Kong dollar532.3 545.6 512.2 
Chinese yuan506.0 539.1 473.1 
Singapore dollar368.4 327.4 246.6 
Japanese yen233.8 256.8 257.9 
Other currencies1,366.7 1,259.9 1,117.4 
Total revenue$20,862.1 19,367.0 16,589.9