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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, 2022December 31, 2021
Number of acquisitions with earn-out payments subject to the achievement of certain performance criteria17 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 AdvisoryCapital MarketsWork DynamicsJLL TechnologiesLaSalleConsolidated
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)MSRsOther IntangiblesConsolidated
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 intangibles63.5 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 intangibles63.3 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)MSRsOther IntangiblesTotal
2023$91.2 67.9 $159.1 
202485.3 62.6 147.9 
202576.4 42.0 118.4 
202663.1 18.4 81.5 
202752.0 14.7 66.7 
Thereafter137.1 99.6 236.7 
Total$505.1 305.2 $810.3