Company: JLL
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001037976-25-000006
Chunk: 143

Company: JONES LANG LASALLE INC
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 143
---
 of December 31, 2024 and 2023 and net income was consolidated up to the reconsideration date.Year Ended December 31,(in millions)202420232022Revenue$— — 17.6 Operating and other expenses— — (23.8)Net gain on sale of investments(1)— — 142.3 Net income (loss)$— — 136.1 (1) The 2022 gain was included in Other income on the Consolidated Statements of Comprehensive Income.We allocate the members' equity and net income (loss) of the consolidated VIEs to the noncontrolling interest holders as Noncontrolling interest on the Consolidated Balance Sheets and as Net income attributable to noncontrolling interest in the Consolidated Statements of Comprehensive Income, respectively.

93

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)20242023Balance Sheets:Investments, net of depreciation$36,058.9 37,233.7 Total assets40,774.4 41,321.2 Mortgage indebtedness11,803.7 12,321.2 Other borrowings2,495.6 2,584.1 Total liabilities17,525.1 17,513.9 Total equity23,249.3 23,807.3 Year Ended December 31,(in millions)202420232022Statements of Operations:Revenue$2,586.2 2,403.5 2,193.4 Net (loss) income253.5 (1,085.8)576.6 ImpairmentDuring the year ended December 31, 2022, we recorded a $19.6 million other-than-temporary impairment charge related to an investment accounted for under the equity method. This activity was included within Equity (losses) earnings on our Consolidated Statements of Comprehensive Income. There were no significant other-than-temporary impairments in 2024 or 2023.Fair ValueWe report a majority of our investments at fair value. For such investments, we increase or decrease our investment each reporting period by the change in the fair value and we report these fair value adjustments in our Consolidated Statements of Comprehensive Income within Equity (losses) earnings. The table below shows the movement in our investments reported at fair value. See Note 9