Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 28

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 28
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ments$330.3 (29.8)1.8 6.8 (0.1)— $309.0 Mortgage banking derivative assets and liabilities, net93.8 20.4 — 117.8 (217.3)— 14.7 Earn-out liabilities35.8 (3.1)0.3 0.2 (15.4)(1.7)16.1 (in millions)Balance as of December 31, 2023Net change in fair valueForeign CTA(1)Purchases / AdditionsSettlementsTransfers in (out)(2)Balance as of          September 30, 2024Investments$367.3 (0.9)1.2 2.8 — 8.4 $378.8 Mortgage banking derivative assets and liabilities, net10.3 45.5 — 78.9 (109.0)— 25.7 Earn-out liabilities57.5 (33.5)0.2 13.4 (2.2)(0.2)35.2 (1) CTA: Currency translation adjustments(2) Transfers in for Investments: Notes receivable (inclusive of accrued interest) converted to unconsolidated equity investments and were classified as a Level 3 investment immediately.Net change in fair value, included in the tables above, is reported in Net income as follows.Category of Assets/Liabilities using Unobservable InputsConsolidated Statements of Comprehensive Income Account CaptionEarn-out liabilities (short-term and long-term)Restructuring and acquisition chargesInvestmentsEquity earnings/lossesOther current assets - Mortgage banking derivative assetsRevenueOther current liabilities - Mortgage banking derivative liabilitiesRevenue

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Non-Recurring Fair Value MeasurementsWe review our investments, except those investments otherwise reported at fair value, on a quarterly basis, or as otherwise deemed necessary, for indications of whether we may be unable to recover the carrying value of our investments and whether such investments are other than temporarily impaired. When the carrying amount of the investment is in excess of the estimated future undiscounted cash flows, we use a discounted cash flow approach or other acceptable method to determine the fair value of the investment in computing the amount of the impairment. Our determination of fair value primarily relies on Level 3 inputs. During the nine months ended September 30, 2025, we recognized an investment-level impairment charge on