Company: JLL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001037976-25-000045
Chunk: 26

Company: JONES LANG LASALLE INC
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 26
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0.3)2.8 — 8.4 $367.8 Mortgage banking derivative assets and liabilities, net10.3 28.2 — 46.1 (52.9)— 31.7 Earn-out liabilities57.5 (12.6)— 11.0 (2.0)(0.2)53.7 (1) CTA: Currency translation adjustments(2) Transfers in for Investments: Notes receivable (inclusive of accrued interest) converted to unconsolidated equity investments and were classified as a Level 3 investment immediately.Net change in fair value, included in the tables above, is reported in Net income as follows.Category of Assets/Liabilities using Unobservable InputsConsolidated Statements of Comprehensive Income Account CaptionEarn-out liabilities (short-term and long-term)Restructuring and acquisition chargesInvestmentsEquity earnings/lossesOther current assets - Mortgage banking derivative assetsRevenueOther current liabilities - Mortgage banking derivative liabilitiesRevenue

20

Non-Recurring Fair Value MeasurementsWe review our investments, except those investments otherwise reported at fair value, on a quarterly basis, or as otherwise deemed necessary, for indications of whether we may be unable to recover the carrying value of our investments and whether such investments are other than temporarily impaired. When the carrying amount of the investment is in excess of the estimated future undiscounted cash flows, we use a discounted cash flow approach or other acceptable method to determine the fair value of the investment in computing the amount of the impairment. Our determination of fair value primarily relies on Level 3 inputs. During the six months ended June 30, 2025, we recognized an investment-level impairment charge on one investment accounted for under the measurement alternative, as further described in Note 6, Investments. We did not recognize any significant investment-level impairment losses during the six months ended June 30, 2024.

8.DEBT

Debt is composed of the following obligations.($ in millions)June 30, 2025December 31, 2024Short-term debt:Local overdraft facilities$22.7 18.9 Other short-term borrowings84.5 134.9 Commercial paper, net of debt issuance costs of $0.8 and $0.7689.2 199.3 Total short-term debt, net of debt issuance costs$796.4 353.1 Credit facility, net of debt issuance costs of $10.0 and