XML 65 R29.htm IDEA: XBRL DOCUMENT v3.24.0.1
Investments (Tables)
12 Months Ended
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Summarized investment balances
Summarized investment balances are presented in the following table.
December 31,
(in millions)20232022
JLL Technologies investments$397.6 483.4 
LaSalle co-investments388.3 366.5 
Other investments30.7 23.9 
Total$816.6 873.8 
Balance Sheet Amounts Consolidated for Variable Interest Entity [Table Text Block]
Summarized financial information for our consolidated VIEs is presented in the following table. As a result of the reconsideration event described above, there are no consolidated VIE balances as of December 31, 2023 and 2022 and net income was consolidated up to the reconsideration date.
Comprehensive Income Amounts Consolidated for Variable Interest Entity [Table Text Block]
Year Ended December 31,
(in millions)202320222021
Revenue$ 17.6 11.0 
Operating and other expenses (23.8)(14.9)
Net gain on sale of investments(1)
 142.3 — 
Net income (loss)$ 136.1 (3.9)
Summary of Combined Financial Information for Unconsolidated Ventures
The following tables summarize the combined financial information for certain of our unconsolidated investments accounted for under the equity method or at fair value.
December 31,
(in millions)20232022
Balance Sheets:
Investments, net of depreciation$37,233.7 36,855.2 
Total assets41,321.2 40,367.9 
Mortgage indebtedness12,321.2 11,790.0 
Other borrowings2,584.1 3,100.5 
Total liabilities17,513.9 16,986.9 
Total equity23,807.3 23,381.0 
Year Ended December 31,
(in millions)202320222021
Statements of Operations:
Revenue$2,403.5 2,193.4 2,103.6 
Net (loss) income(1,085.8)576.6 1,850.7 
Investments in real estate ventures
Year Ended December 31,
(in millions)202320222021
Fair value investments as of January 1,
$794.9 639.6 340.3 
Investments160.4 156.1 190.3 
Distributions(25.2)(38.5)(84.0)
Change in fair value(197.8)61.3 201.2 
Foreign currency translation adjustments, net8.5 (23.6)(8.2)
Fair value investments as of December 31,
$740.8 794.9 639.6