Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 84

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 84
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 subject loans. There were no loan losses incurred during the nine months ended September 30, 2024.

10. RESTRUCTURING AND ACQUISITION CHARGES

Restructuring and acquisition charges include cash and non-cash expenses. Cash-based charges primarily consist of (i) severance and employment-related charges, including those related to external service providers, incurred in conjunction with a structural business shift, which can be represented by a notable change in headcount, change in leadership, or transformation of business processes, (ii) acquisition, transaction and integration-related charges and (iii) other restructuring including lease exit charges. Non-cash charges include (i) stock-based compensation expense for retention awards issued in conjunction with prior-period acquisitions and (ii) fair value adjustments to earn-out liabilities relating to prior-period acquisition activity. Restructuring and acquisition charges are presented in the table below.Three Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024Severance and other employment-related charges$5.4 6.1 $30.8 17.8 Restructuring, pre-acquisition and post-acquisition charges5.2 5.0 22.9 18.5 Stock-based compensation expense for post-acquisition retention awards0.7 1.0 2.1 1.6 Fair value adjustments to earn-out liabilities0.4 (20.9)(3.1)(33.5)Restructuring and acquisition charges$11.7 (8.8)$52.7 4.4 We expect nearly all expenses related to (i) severance and other employment-related charges and (ii) restructuring, pre-acquisition and post-acquisition charges as of September 30, 2025 will be paid during the next twelve months.

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11.      ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT

The tables below present the changes in Accumulated other comprehensive income (loss) ("AOCI") by component. (in millions)Pension and postretirement benefitCumulative foreign currency translation adjustmentTotalBalance as of June 30, 2025$(56.0)(468.2)$(524.2)Other comprehensive loss before reclassification— (33.5)(33.5)Amounts reclassified from AOCI after tax expense of$ -, $ - and $ -— — — Other comprehensive loss after