Company: JLL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001037976-25-000025
Chunk: 61

Company: JONES LANG LASALLE INC
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 8
Chunk 61
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 including adjustments for any restrictions to the transferability of ownership interests embedded within investment agreements to which we are a party, to be necessary based upon (i) our understanding of the methodology utilized and inputs incorporated to estimate NAV at the investee level, (ii) consideration of market demand for the specific types of real estate assets held by each venture and (iii) contemplation of real estate and capital markets conditions in the localities in which these ventures operate. As of March 31, 2025 and December 31, 2024, investments at fair value using NAV were $502.4 million and $367.9 million, respectively. As these investments are not required to be classified in the fair value hierarchy, they have been excluded from the following table.Recurring Fair Value MeasurementsThe following table categorizes by level in the fair value hierarchy the estimated fair value of our assets and liabilities measured at fair value on a recurring basis.March 31, 2025December 31, 2024(in millions)Level 1Level 2Level 3Level 1Level 2Level 3AssetsInvestments - fair value$44.0 — 311.0 43.8 — 330.3 Foreign currency forward contracts receivable— 2.5 — — 4.9 — Warehouse receivables— 601.6 — — 770.7 — Deferred compensation plan assets— 673.4 — — 664.0 — Mortgage banking derivative assets— — 71.4 — — 161.1 Total assets at fair value$44.0 1,277.5 382.4 43.8 1,439.6 491.4 LiabilitiesForeign currency forward contracts payable$— 4.1 — — 13.9 — Deferred compensation plan liabilities— 644.5 — — 658.4 — Earn-out liabilities— — 37.5 — — 35.8 Mortgage banking derivative liabilities— — 54.7 — — 67.3 Total liabilities at fair value$— 648.6 92.2 — 672.3 103.1 InvestmentsWe classify one investment as Level 1 in the fair value hierarchy as a quoted price is readily available. We increase or decrease our investment each reporting period by