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Revenue (Tables)
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables disaggregate revenue by reportable segment and service line (in millions):
 
 
Year Ended December 31, 2019
 
Revenue recognition timing
Americas
 
EMEA
 
APAC
 
Total
Property, facilities and project management
Over time
$
3,723.2

 
$
412.8

 
$
1,141.0

 
$
5,277.0

Leasing
At a point in time
1,519.0

 
251.5

 
180.3

 
1,950.8

Capital markets
At a point in time
746.9

 
182.2

 
104.6

 
1,033.7

Valuation and other
At a point in time or over time
183.0

 
191.7

 
114.8

 
489.5

Total revenue
 
$
6,172.1

 
$
1,038.2

 
$
1,540.7

 
$
8,751.0

 
 
Year Ended December 31, 2018
 
Revenue recognition timing
Americas
 
EMEA
 
APAC
 
Total
Property, facilities and project management
Over time
$
3,369.6

 
$
371.1

 
$
1,136.8

 
$
4,877.5

Leasing
At a point in time
1,487.5

 
266.1

 
174.1

 
1,927.7

Capital markets
At a point in time
702.4

 
173.6

 
86.7

 
962.7

Valuation and other
At a point in time or over time
165.2

 
189.0

 
97.8

 
452.0

Total revenue
 
$
5,724.7

 
$
999.8

 
$
1,495.4

 
$
8,219.9

 
 
Year Ended December 31, 2017
 
Revenue recognition timing
Americas
 
EMEA
 
APAC
 
Total
Property, facilities and project management
Over time
$
2,650.3

 
$
278.6

 
$
1,172.2

 
$
4,101.1

Leasing
At a point in time
1,229.3

 
256.9

 
149.7

 
1,635.9

Capital markets
At a point in time
531.4

 
153.9

 
55.8

 
741.1

Valuation and other
At a point in time or over time
189.2

 
173.9

 
82.7

 
445.8

Total revenue
 
$
4,600.2

 
$
863.3

 
$
1,460.4

 
$
6,923.9


Schedule of New Accounting Pronouncements and Changes in Accounting Principles
 
Year Ended December 31, 2018
Statement of Operations
Balance Without Adoption of Topic 606
Adoption Impact
As Reported
Revenue
$
7,787.1

$
432.8

$
8,219.9

Cost of services
6,220.6

421.8

6,642.4

Total costs and expenses
7,785.5

421.8

8,207.3

Operating income
1.6

11.0

12.6

 






Loss before income taxes
(221.8
)
11.0

(210.8
)
Benefit for income taxes
(29.6
)
4.6

(25.0
)
Net loss
$
(192.2
)
$
6.4

$
(185.8
)

 
Balance as of December 31, 2018
Balance Sheet
Balance Without Adoption of Topic 606
Adoption Impact
As Reported
Trade and other receivables
$
1,410.7

$
52.8

$
1,463.5

Prepaid expenses and other current assets
182.8

160.6

343.4

Total current assets
2,529.9

213.4

2,743.3

Other non-current assets
463.7

25.8

489.5

Total assets
6,306.8

239.2

6,546.0

Accounts payable and accrued expenses
994.9

52.8

1,047.7

Accrued compensation
709.8

108.1

817.9

Total current liabilities
1,877.8

160.9

2,038.7

Deferred tax liabilities
119.3

17.1

136.4

Other non-current liabilities
347.7

18.9

366.6

Total liabilities
4,989.0

196.9

5,185.9

Accumulated deficit
(1,341.2
)
42.8

(1,298.4
)
Accumulated other comprehensive loss
(153.9
)
(0.5
)
(154.4
)
Total equity
1,317.8

42.3

1,360.1

Total liabilities and shareholders’ equity
6,306.8

239.2

6,546.0