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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2023
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)2023202220232022
Markets Advisory  
Leasing$547.7 703.3 $1,626.1 2,012.6 
Property Management419.2 377.8 1,229.3 1,126.5 
Advisory, Consulting and Other25.5 30.4 68.8 90.1 
Revenue$992.4 1,111.5 $2,924.2 3,229.2 
Depreciation and amortization(1)
$15.9 16.6 $48.5 50.0 
Equity earnings (losses)$0.1 (0.2)$0.3 0.7 
Adjusted EBITDA$85.1 132.1 $256.1 377.3 
Capital Markets  
Investment Sales, Debt/Equity Advisory and Other$310.2 465.0 $870.3 1,490.8 
Value and Risk Advisory87.5 89.7 256.1 268.7 
Loan Servicing38.1 40.5 114.5 120.8 
Revenue$435.8 595.2 $1,240.9 1,880.3 
Depreciation and amortization$16.4 15.2 $48.5 46.2 
Equity earnings$0.7 0.7 $6.1 2.1 
Adjusted EBITDA$50.3 83.2 $97.0 328.1 
Work Dynamics
Workplace Management$2,637.1 2,429.1 $7,687.7 7,183.5 
Project Management747.0 748.3 2,126.5 2,115.4 
Portfolio Services and Other130.1 112.4 350.8 335.0 
Revenue$3,514.2 3,289.8 $10,165.0 9,633.9 
Depreciation and amortization$19.7 17.6 $58.9 51.1 
Equity earnings$0.1 0.1 $1.3 1.3 
Adjusted EBITDA$61.6 53.4 $143.5 146.2 
JLL Technologies
Revenue$58.9 56.5 $180.9 156.6 
Depreciation and amortization$3.9 3.7 $11.9 11.4 
Equity (losses) earnings$(3.0)1.0 $(102.0)64.5 
Adjusted EBITDA$(8.7)(15.3)$(127.2)(14.7)
LaSalle  
Advisory fees$102.7 102.6 $306.3 302.8 
Transaction fees and other7.4 10.0 22.8 37.4 
Incentive fees— 11.9 39.3 17.1 
Revenue$110.1 124.5 $368.4 357.3 
Depreciation and amortization$2.2 1.6 $5.8 4.8 
Equity (losses) earnings$(9.1)(1.1)$(23.0)4.0 
Adjusted EBITDA$16.9 22.8 $60.9 71.9 
(1) 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)2023202220232022
Adjusted EBITDA - Markets Advisory$85.1 132.1 $256.1 377.3 
Adjusted EBITDA - Capital Markets50.3 83.2 97.0 328.1 
Adjusted EBITDA - Work Dynamics61.6 53.4 143.5 146.2 
Adjusted EBITDA - JLL Technologies(8.7)(15.3)(127.2)(14.7)
Adjusted EBITDA - LaSalle16.9 22.8 60.9 71.9 
Adjusted EBITDA - Consolidated$205.2 276.2 $430.3 908.8 
Adjustments:
Restructuring and acquisition charges$(31.6)(21.0)$(79.1)(66.4)
Net gain (loss) on disposition1.3 — (0.5)(7.5)
Interest on employee loans, net of forgiveness1.6 — 2.3 — 
Net non-cash MSR and mortgage banking derivative activity(7.1)5.2 (9.5)12.8 
Interest expense, net of interest income(37.1)(23.2)(103.9)(49.1)
Income tax provision(14.5)(42.3)(13.0)(155.4)
Depreciation and amortization(1)
(58.1)(54.7)(173.6)(163.5)
Net income attributable to common shareholders$59.7 140.2 $53.0 479.7 
(1) This adjustment excludes the noncontrolling interest portion of amortization of acquisition-related intangibles which is not attributable to common shareholders.