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

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 25
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Level 3Level 1Level 2Level 3AssetsInvestments - fair value$45.9 — 309.0 43.8 — 330.3 Foreign currency forward contracts receivable— 0.6 — — 4.9 — Warehouse receivables— 1,014.7 — — 770.7 — Deferred compensation plan assets— 716.0 — — 664.0 — Mortgage banking derivative assets— — 43.1 — — 161.1 Total assets at fair value$45.9 1,731.3 352.1 43.8 1,439.6 491.4 LiabilitiesForeign currency forward contracts payable$— 6.9 — — 13.9 — Deferred compensation plan liabilities— 699.0 — — 658.4 — Earn-out liabilities— — 16.1 — — 35.8 Mortgage banking derivative liabilities— — 28.4 — — 67.3 Total liabilities at fair value$— 705.9 44.5 — 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 the change in the fair value of the investment. We report the fair value adjustments in our Consolidated Statements of Comprehensive Income within Equity earnings/losses.Investments classified as Level 3 in the fair value hierarchy represent investments in early-stage non-public entities where we elected the fair value option. For most of our investments, the carrying value was deemed to approximate fair value due to the proximity of the investment date, or date of most recent financing raise, to the balance sheet date, as well as consideration of investee-level performance updates. The fair value of certain investments is estimated using significant unobservable inputs which requires judgment due to the absence of market data. In determining the estimated fair value of these investments, we utilize appropriate valuation techniques including discounted cash flow analyses, scorecard method, Black-Scholes models and other methods as appropriate. Key inputs include projected cash flows, discount rates, peer group multiples and volatility. To the extent there are changes in fair value, we recognize such changes through Equity earnings/losses.

19

Foreign Currency