XML 86 R35.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Business Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Net income attributable to common shareholders $ 84.4 $ 2.5 $ 150.5 $ (6.7)
Restructuring and acquisition charges (11.5) (11.8) (13.2) (47.5)
Gain (Loss) on Disposition of Business 0.0 (1.8) 0.0 (1.8)
Interest on employee loans, net 1.3 0.9 2.3 0.7
Equity losses - JLL Technologies and LaSalle (16.3) (109.0) (21.2) (112.9)
Net non-cash MSR and mortgage banking derivative activity (11.8) (0.6) (20.8) (2.4)
Interest Expense, Net of Interest Income (41.7) (40.5) (72.2) (66.8)
Provision for income taxes (20.5) (0.8) (36.4) 1.5
Depreciation and amortization adjusted (61.4) (59.0) (121.4) (115.5)
Depreciation and amortization (62.3) (59.9) (123.3) (117.4)
Equity in earnings (losses) (15.4) (103.5) (19.1) (106.1)
Adjusted EBITDA 246.3 225.1 433.4 338.0
Segment revenue:        
Revenue 5,628.7 5,052.5 10,753.2 9,768.0
Markets Advisory        
Segment Reporting Information [Line Items]        
Depreciation and amortization adjusted (16.5) (16.5) (32.9) (32.6)
Equity in earnings (losses) 0.0 (0.1) 0.4 0.2
Adjusted EBITDA 129.6 99.4 224.9 171.0
Segment revenue:        
Revenue 1,078.8 1,025.4 2,028.9 1,931.8
Capital Markets        
Segment Reporting Information [Line Items]        
Depreciation and amortization (17.3) (16.2) (33.7) (32.1)
Equity in earnings (losses) 0.5 4.8 0.6 5.4
Adjusted EBITDA 33.8 36.0 58.8 46.7
Segment revenue:        
Revenue 457.6 448.0 835.2 805.1
Work Dynamics        
Segment Reporting Information [Line Items]        
Depreciation and amortization (20.8) (19.9) (41.5) (39.2)
Equity in earnings (losses) 0.4 0.8 1.1 1.2
Adjusted EBITDA 71.1 56.2 122.0 81.9
Segment revenue:        
Revenue 3,933.3 3,374.6 7,572.8 6,650.8
JLL Technologies        
Segment Reporting Information [Line Items]        
Depreciation and amortization (4.8) (4.1) (9.3) (8.0)
Equity in earnings (losses) (9.0) (103.9) (10.0) (99.0)
Adjusted EBITDA (10.9) (1.3) (16.0) (19.5)
Segment revenue:        
Revenue 56.4 60.6 110.3 122.0
LaSalle Investment Management        
Segment Reporting Information [Line Items]        
Depreciation and amortization (2.0) (2.3) (4.0) (3.6)
Equity in earnings (losses) (7.3) (5.1) (11.2) (13.9)
Adjusted EBITDA 22.7 34.8 43.7 57.9
Segment revenue:        
Revenue 102.6 143.9 206.0 258.3
Leasing | Markets Advisory        
Segment revenue:        
Revenue 619.1 591.4 1,116.4 1,078.4
Property Management | Markets Advisory        
Segment revenue:        
Revenue 436.6 409.9 866.3 810.1
Advisory and Consulting | Markets Advisory        
Segment revenue:        
Revenue 23.1 24.1 46.2 43.3
Investment Sales, Debt/Equity Advisory and Other | Capital Markets        
Segment revenue:        
Revenue 320.3 319.5 579.0 560.1
Value and Risk Advisory | Capital Markets        
Segment revenue:        
Revenue 95.8 89.5 176.0 168.6
Loan Servicing | Capital Markets        
Segment revenue:        
Revenue 41.5 39.0 80.2 76.4
Workplace Management | Work Dynamics        
Segment revenue:        
Revenue 3,021.1 2,553.4 5,892.8 5,050.6
Project Management | Work Dynamics        
Segment revenue:        
Revenue 788.1 703.2 1,444.5 1,379.5
Portfolio Services and Other | Work Dynamics        
Segment revenue:        
Revenue 124.1 118.0 235.5 220.7
Advisory Fees | LaSalle Investment Management        
Segment revenue:        
Revenue 93.1 103.1 185.4 203.6
Transaction Fees & Other | LaSalle Investment Management        
Segment revenue:        
Revenue 6.9 5.0 15.8 15.4
Incentive Fees | LaSalle Investment Management        
Segment revenue:        
Revenue $ 2.6 $ 35.8 $ 4.8 $ 39.3