Company: JLL
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001037976-25-000006
Chunk: 157

Company: JONES LANG LASALLE INC
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 157
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)(0.2)13.4 (2.3)(0.1)35.8 (in millions)Balance as of December 31, 2022Net change in fair valueForeign CTA(1)Purchases / AdditionsSettlementsTransfers in (out)(2)Balance as of December 31, 2023Investments$452.0 (175.0)1.2 22.2 — 66.9 $367.3 Mortgage banking derivative assets and liabilities, net20.7 56.8 — 123.2 (190.4)— 10.3 Earn-out liabilities73.2 (4.4)0.1 — (10.5)(0.9)57.5 (1) CTA: Currency translation adjustments(2) Within Investments, notes receivable (inclusive of accrued interest) converted to unconsolidated equity investments upon maturity and was classified as a Level 3 investment immediately.

103

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 (losses) earningsOther current assets - Mortgage banking derivative assetsRevenueOther current liabilities - Mortgage banking derivative liabilitiesRevenueNon-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 year ended December 31, 2022, we recognized an investment-level impairment charge on one investment accounted for under the equity method of accounting, as further described in Note 5, Investments. We did not recognize any additional significant investment-level impairment losses during the three-year period ended December 31, 2024.

10.     DEBTDebt is composed of the following obligations.December 31,(in millions)20242023Local overdraft facilities$18.