Company: JLL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001037976-25-000025
Chunk: 17

Company: JONES LANG LASALLE INC
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 1
Chunk 17
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 both Real Estate Management Services and Leasing Advisory reporting units exceeded their respective carrying value.The following table details, by reporting segment, movements in goodwill.(in millions)Real Estate Management ServicesLeasing AdvisoryCapital Markets ServicesInvestment ManagementSoftware and Technology SolutionsConsolidatedBalance as of January 1, 2025$961.2 1,372.6 1,971.5 55.9 250.1 $4,611.3 Impact of exchange rate movements4.0 12.8 14.2 0.5 (0.3)31.2 Balance as of March 31, 2025$965.2 1,385.4 1,985.7 56.4 249.8 $4,642.5 The following tables detail, by intangible type, movements in the gross carrying amount and accumulated amortization of our identifiable intangibles.(in millions)MSRsOther IntangiblesConsolidatedGross Carrying Amount Balance as of December 31, 2024$851.1 543.8 $1,394.9 Additions, net of adjustments20.2 — 20.2 Adjustment for fully amortized intangibles(11.7)— (11.7)Impact of exchange rate movements— 2.7 2.7 Balance as of March 31, 2025$859.6 546.5 $1,406.1 Accumulated Amortization Balance as of December 31, 2024$(380.0)(290.8)$(670.8)Amortization expense, net(1)(27.2)(17.0)(44.2)Adjustment for fully amortized intangibles11.7 — 11.7 Impact of exchange rate movements— (1.0)(1.0)Balance as of March 31, 2025$(395.5)(308.8)$(704.3)Net book value as of March 31, 2025$464.1 237.7 $701.8 (1) Included in this amount for MSRs was $0.8 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.

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(in millions