Company: JLL
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001037976-25-000006
Chunk: 141

Company: JONES LANG LASALLE INC
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 141
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.4)Impact of exchange rate movements— 3.3 3.3 Balance as of December 31, 2023801.8 546.2 1,348.0 Additions, net of adjustments 89.0 30.2 119.2 Adjustment for fully amortized intangibles(39.7)(27.2)(66.9)Impact of exchange rate movements— (5.4)(5.4)Balance as of December 31, 2024$851.1 543.8 $1,394.9 Accumulated Amortization   Balance as of December 31, 2022$(242.2)(203.6)$(445.8)Amortization expense, net (1)(107.7)(70.0)(177.7)Adjustment for fully amortized intangibles40.1 21.3 61.4 Impact of exchange rate movements— (0.9)(0.9)Balance as of December 31, 2023(309.8)(253.2)(563.0)Amortization expense, net (1)(109.9)(66.3)(176.2)Adjustment for fully amortized intangibles39.7 27.2 66.9 Impact of exchange rate movements— 1.5 1.5 Balance as of December 31, 2024$(380.0)(290.8)$(670.8)Net book value as of December 31, 2024$471.1 253.0 $724.1 

91

(1) Included in this amount for MSRs was $7.7 million and $10.0 million for 2024 and 2023, respectively, 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.The remaining weighted average amortization period of MSRs and other finite-lived identifiable intangible assets is 3.6 years and 4.6 years, respectively, and the remaining estimated future amortization expense by year, as of December 31, 2024, is presented in the following table.(in millions)MSRsOther IntangiblesTotal2025$102.2 49.9 $152.1 202690.0