Revenue (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables disaggregate revenue by reportable segment and service line (in millions):

		Three Months Ended March 31, 2025
	Revenue recognition timing	Americas		EMEA		APAC		Total
Services	Over time	$	1,186.7	$	105.0	$	311.9	$	1,603.6
Leasing	At a point in time	346.3		39.4		32.7		418.4
Capital markets	At a point in time	115.9		18.0		24.0		157.9
Valuation and other	At a point in time or over time	39.4		42.6		22.7		104.7
Total revenue		$	1,688.3	$	205.0	$	391.3	$	2,284.6

		Three Months Ended March 31, 2024
	Revenue recognition timing	Americas		EMEA		APAC		Total
Services	Over time	$	1,167.8	$	109.1	$	273.8	$	1,550.7
Leasing	At a point in time	305.5		53.7		28.5		387.7
Capital markets	At a point in time	111.6		15.6		14.9		142.1
Valuation and other	At a point in time or over time	36.1		44.0		24.2		104.3
Total revenue		$	1,621.0	$	222.4	$	341.4	$	2,184.8

Contract with Customer, Contract Asset, Contract Liability, and Receivable

The following table provides information on contract assets and contract liabilities from contracts with customers included in the Condensed Consolidated Balance Sheets (in millions):

	As of
	March 31, 2025		December 31, 2024
Short-term contract assets	$	326.1	$	325.7
Contract asset allowances	(22.3)		(24.3)
Short-term contract assets, net	303.8		301.4
Non-current contract assets	69.1		69.0
Contract asset allowances	(2.1)		(2.2)
Non-current contract assets, net included in Other non-current assets	67.0		66.8
Total contract assets, net	$	370.8	$	368.2
Contract liabilities included in Accounts payable and accrued expenses	$	74.0	$	68.0