Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 23

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 23
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 in the fair value and we report these fair value adjustments in our Consolidated Statements of Comprehensive Income within Equity earnings/losses. The table below shows the movement in our investments reported at fair value.The table below does not include our $13.0 million investment in certain mid-stage non-public companies as they are non-marketable equity investments accounted for under the measurement alternative, defined as cost minus impairment, plus or minus adjustments resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.(in millions)20252024Fair value investments as of January 1,$742.0 740.8 Investments146.9 72.2 Distributions(56.9)(17.3)Change in fair value, net(28.2)(10.7)Foreign currency translation adjustments, net16.3 2.1 Transfers in24.6 8.4 Fair value investments as of September 30,$844.7 795.5 See Note 7, Fair Value Measurements, for additional discussion of our investments reported at fair value.

7.FAIR VALUE MEASUREMENTS

We measure certain assets and liabilities in accordance with ASC Topic 820, Fair Value Measurements and Disclosures, which defines fair value as the price that would be received for an asset, or paid to transfer a liability, in an orderly transaction between market participants on the measurement date. In addition, it establishes a framework for measuring fair value according to the following three-tier fair value hierarchy:•Level 1 - Quoted prices for identical assets or liabilities in active markets accessible as of the measurement date;•Level 2 - Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and•Level 3 - Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.Financial InstrumentsOur financial instruments include Cash and cash equivalents, Trade receivables, Notes and other receivables, Reimbursable receivables, Warehouse receivables, restricted cash, contract assets, Accounts payable, Reimbursable payables, Commercial paper, Short-term borrowings, contract liabilities, Warehouse facilities, Credit facility, Long-term debt and foreign currency forward contracts. The carrying amounts of Cash and cash equivalents, Trade receivables, Notes and other receivables, Reimbursable receivables, restricted cash, contract assets, Accounts payable, Reimbursable payables, contract liabilities