v3.24.2
Segments (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Summarized Financial Information by Segment
Summarized financial information by segment is as follows (dollars in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Revenue
Advisory Services$2,218 $2,042 $4,122 $3,895 
Global Workplace Solutions5,944 5,426 11,753 10,764 
Real Estate Investments232 256 460 480 
Corporate, other and eliminations (1)
(3)(4)(9)(8)
Total revenue$8,391 $7,720 $16,326 $15,131 
Segment Operating Profit
Advisory Services$344 $315 $606 $585 
Global Workplace Solutions258 233 490 462 
Real Estate Investments10 33 44 165 
Total reportable segment operating profit$612 $581 $1,140 $1,212 
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(1)Eliminations represent revenue from transactions with other operating segments. See Note 13.
Schedule of Reconciliation of Reportable Segment Operating Profit to Net Income
Reconciliation of total reportable segment operating profit to net income is as follows (dollars in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Net income attributable to CBRE Group, Inc.$130 $201 $256 $318 
Net income attributable to non-controlling interests12 5 34 13 
Net income142 206 290 331 
Adjustments to increase (decrease) net income:
Depreciation and amortization161 155 319 316 
Interest expense, net of interest income63 43 99 71 
Provision for income taxes32 55 3 84 
Costs associated with efficiency and cost-reduction initiatives67 3 97 141 
Charges related to indirect tax settlement13 — 13 — 
Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue1 (1)15 6 
Costs incurred related to legal entity restructuring— — 2 — 
Integration and other costs related to acquisitions (1)
13 36 8 54 
Corporate and other loss, including eliminations120 84 294 209 
Total reportable segment operating profit$612 $581 $1,140 $1,212 
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(1)During the first quarter of 2024, we incurred integration and other costs related to acquisitions of $17.5 million in deal and integration costs, offset by reversal of $21.7 million in previously recognized transaction-related bonus expense due to change in estimate.
Schedule of Geographic Information
Revenue in the table below is allocated based upon the country in which services are performed (dollars in millions):
Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Revenue
United States$4,670 $4,211 $9,092 $8,356 
United Kingdom1,195 1,056 2,280 2,051 
All other countries2,526 2,453 4,954 4,724 
Total revenue$8,391 $7,720 $16,326 $15,131