Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 27

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 27
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-term deferred compensation plan liabilities699.0 658.4 Shares held in trust12.2 11.8 Earn-Out LiabilitiesWe classify our Earn-out liabilities within Level 3 in the fair value hierarchy because the inputs we use to develop the estimated fair value include unobservable inputs. See Note 5, Business Combinations, Goodwill and Other Intangible Assets, for additional discussion of our Earn-out liabilities.Mortgage Banking DerivativesBoth our interest rate lock commitments to prospective borrowers and forward sale contracts with prospective investors are undesignated derivatives and considered Level 3 valuations due to significant unobservable inputs related to nonperformance risk. Although nonperformance risk does not currently have a material impact, an increase in nonperformance risk assumptions would result in a lower fair value measurement.

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The tables below present a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3).(in millions)Balance as of June 30, 2025Net change in fair valueForeign CTA(1)Purchases / AdditionsSettlementsTransfers in (out)Balance as of September 30, 2025Investments$293.1 15.4 (0.3)0.8 — — $309.0 Mortgage banking derivative assets and liabilities, net19.9 3.4 52.9 (61.5)14.7 Earn-out liabilities19.1 0.4 (0.1)— (3.3)— 16.1 (in millions)Balance as of June 30, 2024Net change in fair valueForeign CTA(1)Purchases / AdditionsSettlementsTransfers in (out)Balance as of September 30, 2024Investments$367.8 9.5 1.5 — — — $378.8 Mortgage banking derivative assets and liabilities, net31.7 17.3 — 32.8 (56.1)— 25.7 Earn-out liabilities53.7 (20.9)0.2 2.4 (0.2)— 35.2 (in millions)Balance as of December 31, 2024Net change in fair valueForeign CTA(1)Purchases / AdditionsSettlementsTransfers in (out)Balance as ofSeptember 30, 2025Invest