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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]        
Pay vs Performance [Table Text Block]

Pay versus performance

 

As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between compensation actually paid (as defined in Item 402(v)) and performance.

 

   Summary
Compensation
Table (SCT)
Total
for CEO(2)
(b)
  Compensation
Actually Paid
(CAP)
for CEO(2)
(c)
        Value of Initial Fixed $100
Investment Based on(1)
      
Year
(a)
      Avg. SCT Total
for Other
NEOs(3)
(d)
  Avg. CAP to
Other NEOs(3)
(e)
  TSR (f)  Peer Group
TSR(4)
(g)
  Net
Income(5)
(h)
  AIP Adjusted
EBITDA(6)
(i)
2023  $12,041,383  $10,618,248  $4,498,085  $3,656,659  $108.45  $141.85  $225  $913
2022  $12,055,766  $(7,762,831)  $4,314,685  $(4,756,923)  $91.54  $116.41  $655  $1,175
2021  $12,856,819  $33,148,609  $8,187,795  $16,619,834  $154.71  $168.68  $962  $1,228
2020  $8,282,033  $6,272,873  $4,981,037  $3,770,266  $85.23  $98.15  $403  $714
(1) Pursuant to the rules of the SEC, the comparison assumes $100 was invested on December 31, 2019 in our common stock. Historic stock price performance is not necessarily indicative of future stock price performance.

(2) The CEO for each of the fiscal years is Mr. Ulbrich. For 2023, our other NEOs include Ms. Brennan and Messrs. Lerner, Murray and Shah. For 2022 and 2021, our other NEOs include Ms. Brennan and Messrs. O’Brien, Lerner and Shah. For 2020, our other NEOs include Mses. Stephanie Plaines and Patricia Maxson and Messrs. O’Brien, Lerner, Shah, and Jeff Jacobson.

(3) The following adjustments relating to equity awards were made to total compensation for each year to determine compensation actually paid:
 

 

Chief Executive Officer

 

  Year  SCT Total for CEO  Minus: Grant Date
Fair Value of Equity
Awards Granted
During Applicable
Year
  Plus: Year-End Fair
Value of Equity
Awards Granted
During Applicable
Year
  Plus: Change in Fair
Value as of Year-End
of Any Prior-Year
Awards that Remain
Unvested as of
Year-End
  Plus: Change in Fair
Value as of Vesting
Date of Any Prior-Year
Awards that Vested
During Applicable
Year
  Compensation
Actually Paid
  2023  $12,041,383  $8,688,178  $10,214,256  $(2,100,454)  $(851,435)  $10,618,248
  2022  $12,055,766  $9,741,059  $4,725,115  $(13,364,160)  $(1,438,493)  $(7,762,831)
  2021  $12,856,819  $7,306,412  $13,489,870  $13,374,183  $734,149  $33,148,609
  2020  $8,282,033  $4,906,575  $7,076,122  $(3,958,415)  $(220,293)  $6,272,873
  1. Amounts set forth in this table were computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.

 

Other Named Executive Officers

 

  Year  SCT Total  Minus: Grant Date
Fair Value of Equity
Awards Granted
During Applicable
Year
  Plus: Year-End Fair
Value of Equity
Awards Granted
During Applicable
Year
  Plus: Change in Fair
Value as of Year-End
of Any Prior-Year
Awards that Remain
Unvested as of
Year-End
  Plus: Change in Fair
Value as of Vesting
Date of Any
Prior-Year Awards
that Vested During
Applicable Year
  Compensation
Actually Paid
  2023  $4,498,085  $2,385,961  $2,805,032  $(1,009,410)  $(251,087)  $3,656,659
  2022  $4,314,685  $2,771,149  $1,344,130  $(6,730,314)  ($914,275)  $(4,756,923)
  2021  $8,187,795  $4,616,761  $7,008,143  $5,637,019  $403,637  $16,619,834
  2020  $4,981,037  $1,800,436  $1,794,360  $(970,025)  $(234,670)  $3,770,266
  1. Amounts set forth in this table were computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.

(4) Peer Group TSR represents the cumulative TSR of a customized group comprised of (1) CBRE Group Inc. (CBRE), a global commercial real estate services company publicly traded in the U.S., (2) Cushman & Wakefield plc (CWK), a global commercial real estate services company publicly traded in the U.S., (3) Colliers International Group Inc. (CIGI), a global commercial real estate services company, publicly traded in the U.S., and (4) Savills plc (SVS.L), a real estate services company publicly traded on the London Stock Exchange. The Peer Group TSR assumes the value of a $100 investment on December 31, 2019.
(5) The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
(6) The Company believes Adjusted EBITDA is the financial performance measure most closely linked to the calculation of compensation actually paid. AIP Adjusted EBITDA is defined on page 48.
     
Company Selected Measure Name AIP Adjusted EBITDA      
Named Executive Officers, Footnote [Text Block]

(2) The CEO for each of the fiscal years is Mr. Ulbrich. For 2023, our other NEOs include Ms. Brennan and Messrs. Lerner, Murray and Shah. For 2022 and 2021, our other NEOs include Ms. Brennan and Messrs. O’Brien, Lerner and Shah. For 2020, our other NEOs include Mses. Stephanie Plaines and Patricia Maxson and Messrs. O’Brien, Lerner, Shah, and Jeff Jacobson.
     
Changed Peer Group, Footnote [Text Block] Peer Group TSR represents the cumulative TSR of a customized group comprised of (1) CBRE Group Inc. (CBRE), a global commercial real estate services company publicly traded in the U.S., (2) Cushman & Wakefield plc (CWK), a global commercial real estate services company publicly traded in the U.S., (3) Colliers International Group Inc. (CIGI), a global commercial real estate services company, publicly traded in the U.S., and (4) Savills plc (SVS.L), a real estate services company publicly traded on the London Stock Exchange. The Peer Group TSR assumes the value of a $100 investment on December 31, 2019.      
PEO Total Compensation Amount [1] $ 12,041,383 $ 12,055,766 $ 12,856,819 $ 8,282,033
PEO Actually Paid Compensation Amount [1] $ 10,618,248 (7,762,831) 33,148,609 6,272,873
Adjustment To PEO Compensation, Footnote [Text Block]

 

Chief Executive Officer

 

  Year  SCT Total for CEO  Minus: Grant Date
Fair Value of Equity
Awards Granted
During Applicable
Year
  Plus: Year-End Fair
Value of Equity
Awards Granted
During Applicable
Year
  Plus: Change in Fair
Value as of Year-End
of Any Prior-Year
Awards that Remain
Unvested as of
Year-End
  Plus: Change in Fair
Value as of Vesting
Date of Any Prior-Year
Awards that Vested
During Applicable
Year
  Compensation
Actually Paid
  2023  $12,041,383  $8,688,178  $10,214,256  $(2,100,454)  $(851,435)  $10,618,248
  2022  $12,055,766  $9,741,059  $4,725,115  $(13,364,160)  $(1,438,493)  $(7,762,831)
  2021  $12,856,819  $7,306,412  $13,489,870  $13,374,183  $734,149  $33,148,609
  2020  $8,282,033  $4,906,575  $7,076,122  $(3,958,415)  $(220,293)  $6,272,873
  1. Amounts set forth in this table were computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
     
Non-PEO NEO Average Total Compensation Amount [2] $ 4,498,085 4,314,685 8,187,795 4,981,037
Non-PEO NEO Average Compensation Actually Paid Amount [2] $ 3,656,659 (4,756,923) 16,619,834 3,770,266
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

Other Named Executive Officers

 

  Year  SCT Total  Minus: Grant Date
Fair Value of Equity
Awards Granted
During Applicable
Year
  Plus: Year-End Fair
Value of Equity
Awards Granted
During Applicable
Year
  Plus: Change in Fair
Value as of Year-End
of Any Prior-Year
Awards that Remain
Unvested as of
Year-End
  Plus: Change in Fair
Value as of Vesting
Date of Any
Prior-Year Awards
that Vested During
Applicable Year
  Compensation
Actually Paid
  2023  $4,498,085  $2,385,961  $2,805,032  $(1,009,410)  $(251,087)  $3,656,659
  2022  $4,314,685  $2,771,149  $1,344,130  $(6,730,314)  ($914,275)  $(4,756,923)
  2021  $8,187,795  $4,616,761  $7,008,143  $5,637,019  $403,637  $16,619,834
  2020  $4,981,037  $1,800,436  $1,794,360  $(970,025)  $(234,670)  $3,770,266
  1. Amounts set forth in this table were computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.
     
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

 

 

     
Compensation Actually Paid vs. Net Income [Text Block]

 

     
Compensation Actually Paid vs. Company Selected Measure [Text Block]

     
Total Shareholder Return Vs Peer Group [Text Block]

     
Tabular List [Table Text Block]

Tabular list of financial performance measures

 

The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s CEO and NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:

 

AIP Adjusted EBITDA
AIP Adjusted EBITDA Margin
Free Cash Flow
U.S. GAAP Diluted EPS
Relative TSR
     
Total Shareholder Return Amount [3] $ 108.45 91.54 154.71 85.23
Peer Group Total Shareholder Return Amount [3],[4] 141.85 116.41 168.68 98.15
Net Income (Loss) Attributable to Parent [5] $ 225,000,000 $ 655,000,000 $ 962,000,000 $ 403,000,000
Company Selected Measure Amount [6] 913,000,000 1,175,000,000 1,228,000,000 714,000,000
PEO Name Mr. Ulbrich Mr. Ulbrich Mr. Ulbrich Mr. Ulbrich
Measure [Axis]: 1        
Pay vs Performance Disclosure [Table]        
Measure Name AIP Adjusted EBITDA      
Measure [Axis]: 2        
Pay vs Performance Disclosure [Table]        
Measure Name AIP Adjusted EBITDA Margin      
Measure [Axis]: 3        
Pay vs Performance Disclosure [Table]        
Measure Name Free Cash Flow      
Measure [Axis]: 4        
Pay vs Performance Disclosure [Table]        
Measure Name U.S. GAAP Diluted EPS      
Measure [Axis]: 5        
Pay vs Performance Disclosure [Table]        
Measure Name Relative TSR      
PEO [Member] | Minus: Grant Date Fair Value of EquityAwards Granted During Applicable Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount $ 8,688,178 $ 9,741,059 $ 7,306,412 $ 4,906,575
PEO [Member] | Plus: Year-End Fair Value of Equity Awards Granted During Applicable Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 10,214,256 4,725,115 13,489,870 7,076,122
PEO [Member] | Plus: Change in Fair Value as of Year-End of Any Prior-Year Awards that Remain Unvested as of Year-End        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (2,100,454) (13,364,160) 13,374,183 (3,958,415)
PEO [Member] | Plus: Change in Fair Value as of Vesting Date of Any Prior-Year Awards that Vested During Applicable Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (851,435) (1,438,493) 734,149 (220,293)
Non-PEO NEO [Member] | Minus: Grant Date Fair Value of EquityAwards Granted During Applicable Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 2,385,961 2,771,149 4,616,761 1,800,436
Non-PEO NEO [Member] | Plus: Year-End Fair Value of Equity Awards Granted During Applicable Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 2,805,032 1,344,130 7,008,143 1,794,360
Non-PEO NEO [Member] | Plus: Change in Fair Value as of Year-End of Any Prior-Year Awards that Remain Unvested as of Year-End        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (1,009,410) (6,730,314) 5,637,019 (970,025)
Non-PEO NEO [Member] | Plus: Change in Fair Value as of Vesting Date of Any Prior-Year Awards that Vested During Applicable Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount $ (251,087) $ (914,275) $ 403,637 $ (234,670)
[1] The CEO for each of the fiscal years is Mr. Ulbrich. For 2023, our other NEOs include Ms. Brennan and Messrs. Lerner, Murray and Shah. For 2022 and 2021, our other NEOs include Ms. Brennan and Messrs. O’Brien, Lerner and Shah. For 2020, our other NEOs include Mses. Stephanie Plaines and Patricia Maxson and Messrs. O’Brien, Lerner, Shah, and Jeff Jacobson.
[2] The following adjustments relating to equity awards were made to total compensation for each year to determine compensation actually paid:
[3] Pursuant to the rules of the SEC, the comparison assumes $100 was invested on December 31, 2019 in our common stock. Historic stock price performance is not necessarily indicative of future stock price performance.
[4] Peer Group TSR represents the cumulative TSR of a customized group comprised of (1) CBRE Group Inc. (CBRE), a global commercial real estate services company publicly traded in the U.S., (2) Cushman & Wakefield plc (CWK), a global commercial real estate services company publicly traded in the U.S., (3) Colliers International Group Inc. (CIGI), a global commercial real estate services company, publicly traded in the U.S., and (4) Savills plc (SVS.L), a real estate services company publicly traded on the London Stock Exchange. The Peer Group TSR assumes the value of a $100 investment on December 31, 2019.
[5] The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
[6] The Company believes Adjusted EBITDA is the financial performance measure most closely linked to the calculation of compensation actually paid. AIP Adjusted EBITDA is defined on page 48.