Company: JLL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001037976-25-000045
Chunk: 19

Company: JONES LANG LASALLE INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 19
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 Amortization Balance as of December 31, 2024$(380.0)(290.8)$(670.8)Amortization expense, net(1)(55.4)(34.0)(89.4)Adjustment for fully amortized intangibles24.5 1.2 25.7 Impact of exchange rate movements— (3.8)(3.8)Balance as of June 30, 2025$(410.9)(327.4)$(738.3)Net book value as of June 30, 2025$456.3 225.7 $682.0 (1) Included in this amount for MSRs was $2.3 million relating to write-offs due to prepayments of sold warehouse receivables for which we retained the servicing rights. Amortization of MSRs is included in Revenue within the Consolidated Statements of Comprehensive Income.(in millions)MSRsOther IntangiblesConsolidatedGross Carrying Amount Balance as of December 31, 2023$801.8 546.2 $1,348.0 Additions, net of adjustments34.2 14.9 49.1 Adjustment for fully amortized intangibles(15.5)(9.3)(24.8)Impact of exchange rate movements— (2.5)(2.5)Balance as of June 30, 2024$820.5 549.3 $1,369.8 Accumulated Amortization Balance as of December 31, 2023$(309.8)(253.2)$(563.0)Amortization expense, net(1)(55.4)(32.9)(88.3)Adjustment for fully amortized intangibles15.5 9.3 24.8 Impact of exchange rate movements— 0.6 0.6 Balance as of June 30, 2024$(349.7)(276.2)$(625.9)Net book value as of June 30, 2024$470.8 273.1 $743.9 (1) Included in this amount for MSRs was $4.2 million relating to write-offs due to prepayments of sold warehouse receivables for which we retained the servicing rights. Amortization of MSRs is included in Revenue within the Consolidated Statements of Comprehensive