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Revenue (Tables)
 12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of changes in the contract assets and contract liabilities
Changes in the contract assets and contract liabilities during the year are as follows (in millions):
 
Contract Assets
Balance as of December 31, 2017
$
—

Contract assets recognized upon adoption
144.1

Contract assets from revenues earned, not yet invoiced
140.4

Contract assets transferred to accounts receivable
(98.1
)
Balance as of December 31, 2018
$
186.4

 
Contract Liabilities
Balance as of December 31, 2017
$
46.4

Contract liabilities recognized upon adoption
—

Contract liabilities recognized for cash received in advance
607.7

Contract liabilities reduced due to revenue recognition criteria being satisfied
(587.3
)
Balance as of December 31, 2018
$
66.8
Disaggregation of revenue
The following tables disaggregate revenue by reportable segment and service line (in millions):
 
 
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

 
 
Year Ended December 31, 2016
 
Revenue recognition timing
Americas
 
EMEA
 
APAC
 
Total
Property, facilities and project management
Over time
$
2,290.2

 
$
235.7

 
$
1,061.8

 
$
3,587.7

Leasing
At a point in time
1,219.8

 
231.5

 
129.0

 
1,580.3

Capital markets
At a point in time
431.5

 
128.0

 
66.6

 
626.1

Valuation and other
At a point in time or over time
182.8

 
160.3

 
78.5

 
421.6

Total revenue
 
$
4,124.3

 
$
755.5

 
$
1,335.9

 
$
6,215.7
Schedule of new accounting pronouncements and changes in accounting principles
The following tables present the effect of the change in accounting policy and its impact on key components of the Company’s consolidated financial statements:
 
Year ended December 31, 2018
 
As Computed Under Graded Attribution Method
As Computed Under Straight-line Attribution Method
Effect of Change
Revenue
$
8,219.9

$
8,219.9

$
—

Costs and expenses:


 
 
Cost of services (exclusive of depreciation and amortization)
6,640.0

6,642.4

(2.4
)
Operating, administrative and other
1,278.2

1,271.1

7.1

Depreciation and amortization
290.0

290.0

—

Restructuring, impairment and related charges
3.8

3.8

—

Total costs and expenses
8,212.0

8,207.3

4.7

Operating income
7.9

12.6

(4.7
)
Interest expense, net of interest income
(228.8
)
(228.8
)
—

Earnings from equity method investments
1.9

1.9

—

Other income, net
3.5

3.5

—

Loss before income taxes
(215.5
)
(210.8
)
(4.7
)
Benefit from income taxes
(26.1
)
(25.0
)
(1.1
)
Net loss
(189.4
)
$
(185.8
)
$
(3.6
)
Less: Net loss attributable to non-controlling interests
—

—

—

Net loss attributable to the Company
$
(189.4
)
$
(185.8
)
$
(3.6
)
 
 
 
 
Basic and diluted loss per share:
 
 
 
Loss per share attributable to common shareholders
$
(1.11
)
$
(1.09
)
$
0.02

Weighted average shares outstanding for basic and diluted loss per share
171.2

171.2

—

 
Year ended December 31, 2017
 
As Reported Under Graded Attribution Method
As Adjusted Under Straight-line Attribution Method
Effect of Change
Revenue
$
6,923.9

$
6,923.9

$
—

Costs and expenses:
 
 
 
Cost of services (exclusive of depreciation and amortization)
5,639.6

5,639.8

(0.2
)
Operating, administrative and other
1,155.4

1,156.1

(0.7
)
Depreciation and amortization
270.6

270.6

—

Restructuring, impairment and related charges
28.5

28.5

—

Total costs and expenses
7,094.1

7,095.0

(0.9
)
Operating loss
(170.2
)
(171.1
)
0.9

Interest expense, net of interest income
(183.1
)
(183.1
)
—

Earnings from equity method investments
1.4

1.4

—

Other income, net
11.0

11.0

—

Loss before income taxes
(340.9
)
(341.8
)
0.9

Benefit from income taxes
(120.4
)
(120.5
)
0.1

Net loss
$
(220.5
)
$
(221.3
)
$
0.8

 
 
 
 
Basic and diluted loss per share:
 
 
 
Loss per share attributable to common shareholders
$
(1.53
)
$
(1.54
)
$
(0.01
)
Weighted average shares outstanding for basic and diluted loss per share
143.9

143.9

—

 
Year ended December 31, 2016
 
As Reported Under Graded Attribution Method
As Adjusted Under Straight-line Attribution Method
Effect of Change
Revenue
$
6,215.7

$
6,215.7

$
—

Costs and expenses:
 
 
 
Cost of services (exclusive of depreciation and amortization)
5,076.7

5,067.8

8.9

Operating, administrative and other
1,159.7

1,150.6

9.1

Depreciation and amortization
260.6

260.6

—

Restructuring, impairment and related charges
32.1

32.1

—

Total costs and expenses
6,529.1

6,511.1

18.0

Operating loss
(313.4
)
(295.4
)
(18.0
)
Interest expense, net of interest income
(171.8
)
(171.8
)
—

Earnings from equity method investments
5.9

5.9

—

Other income, net
2.4

2.4

—

Loss before income taxes
(476.9
)
(458.9
)
(18.0
)
Benefit from income taxes
(27.4
)
(24.3
)
(3.1
)
Net loss
(449.5
)
$
(434.6
)
$
(14.9
)
Less: Net loss attributable to non-controlling interests
(0.4
)
(0.4
)
—

Net loss attributable to the Company
$
(449.1
)
$
(434.2
)
$
(14.9
)
 
 
 
 
Basic and diluted loss per share:
 
 
 
Loss per share attributable to common shareholders
$
(3.18
)
$
(3.07
)
$
0.11

Weighted average shares outstanding for basic and diluted loss per share
141.4

141.4

—

 
As of December 31, 2018
 
As Computed Under Graded Attribution Method
As Computed Under Straight-line Attribution Method
Effect of Change
Deferred tax assets
$
89.6

$
84.0

$
5.6

 
 
 
 
Shareholders' Equity:
 
 
 
Ordinary shares
$
21.7

$
21.7

$
—

Additional paid-in capital
2,817.0

2,791.2

25.8

Accumulated deficit
(1,318.6
)
(1,298.4
)
(20.2
)
Accumulated other comprehensive loss
(154.4
)
(154.4
)
—

Total equity
1,365.7

$
1,360.1

$
5.6


 
As of December 31, 2017
 
As Reported Under Graded Attribution Method
As Adjusted Under Straight-line Attribution Method
Effect of Change
Deferred tax assets
$
71.1

$
66.6

$
4.5

 
 
 

Shareholders' Equity:
 
 

Ordinary shares
$
1,451.3

1,451.3

—

Additional paid-in capital
305.0

283.8

21.2

Accumulated deficit
(1,165.2
)
(1,148.5
)
(16.7
)
Accumulated other comprehensive loss
(87.2
)
(87.2
)
—

Total equity
$
503.9

$
499.4

$
4.5

As a result of the change in accounting principle, additional paid-in capital and accumulated deficit as of January 1, 2016 decreased from $191.2 million and $495.6 million, respectively, as originally reported using the graded attribution method, to $187.2 million and $493.0 million, respectively, using the straight-line method.
 
Year ended December 31, 2018
 
As Computed Under Graded Attribution Method
As Computed Under Straight-line Attribution Method
Effect of Change
Cash flows from operating activities
 
 
 
Net loss
$
(189.4
)
$
(185.8
)
$
(3.6
)
Reconciliation of net loss to net cash used in operating activities:
 
 
 
Depreciation and amortization
290.0

290.0

—

Impairment charges
2.7

2.7

—

Unrealized foreign exchange loss (gain)
8.4

8.4

—

Stock-based compensation
86.6

81.9

4.7

Loss on debt extinguishment
50.4

50.4

—

Amortization of debt issuance costs
12.5

12.5

—

Change in deferred taxes
(60.0
)
(58.9
)
(1.1
)
Bad debt expense
21.7

21.7

—

Other non-cash operating activities
(3.6
)
(3.6
)
—

Changes in assets and liabilities:
 
 
—

Trade and other receivables
(235.5
)
(235.5
)
—

Income taxes payable
(19.6
)
(19.6
)
—

Prepaid expenses and other current assets
(26.9
)
(26.9
)
—

Other non-current assets
84.6

84.6

—

Accounts payable and accrued expenses
74.9

74.9

—

Accrued compensation
117.8

117.8

—

Other current and non-current liabilities
(216.8
)
(216.8
)
—

Net cash used in operating activities
$
(2.2
)
$
(2.2
)
$
—

 
Year ended December 31, 2017
 
As Reported Under Graded Attribution Method
As Adjusted Under Straight-line Attribution Method
Effect of Change
Cash flows from operating activities
 
 
 
Net loss
$
(220.5
)
$
(221.3
)
$
0.8

Reconciliation of net loss to net cash used in operating activities:
 
 
—

Depreciation and amortization
270.6

270.6

—

Unrealized foreign exchange loss (gain)
(7.3
)
(7.3
)
—

Stock-based compensation
51.4

52.4

(1.0
)
Amortization of debt issuance costs
16.5

16.5

—

Gain on pension curtailment
(10.0
)
(10.0
)
—

Change in deferred taxes
(170.1
)
(170.3
)
0.2

Bad debt expense
3.9

3.9

—

Other non-cash operating activities
7.0

7.0

—

Changes in assets and liabilities:
 
 
—

Trade and other receivables
(173.4
)
(173.4
)
—

Income taxes payable
10.1

10.1

—

Prepaid expenses and other current assets
(17.6
)
(17.6
)
—

Other non-current assets
44.0

44.0

—

Accounts payable and accrued expenses
42.6

42.6

—

Accrued compensation
98.4

98.4

—

Other current and non-current liabilities
58.8

58.8

—

Net cash used in operating activities
$
4.4

$
4.4

$
—


 
Year ended December 31, 2016
 
As Reported Under Graded Attribution Method
As Adjusted Under Straight-line Attribution Method
Effect of Change
Cash flows from operating activities
 
 
 
Net loss
(449.5
)
$
(434.6
)
$
(14.9
)
Reconciliation of net loss to net cash used in operating activities:
 
 
—

Depreciation and amortization
260.6

260.6

—

Impairment charges
2.6

2.6

—

Unrealized foreign exchange loss (gain)
(10.7
)
(10.7
)
—

Stock-based compensation
66.9

49.0

17.9

Amortization of debt issuance costs
12.6

12.6

—

Fees incurred in conjunction with debt modification
(3.7
)
(3.7
)
—

Change in deferred taxes
(63.1
)
(60.1
)
(3.0
)
Bad debt expense
11.9

11.9

—

Other non-cash operating activities
1.2

1.2

—

Changes in assets and liabilities:
 
 
—

Trade and other receivables
(146.9
)
(146.9
)
—

Income taxes payable
2.7

2.7

—

Prepaid expenses and other current assets
18.4

18.4

—

Other non-current assets
(137.6
)
(137.6
)
—

Accounts payable and accrued expenses
118.3

118.3

—

Accrued compensation
11.0

11.0

—

Other current and non-current liabilities
(29.8
)
(29.8
)
—

Net cash used in operating activities
$
(335.1
)
$
(335.1
)
$
—

The following table compares the reported audited consolidated balance sheet as of December 31, 2018 and the audited consolidated statements of operations for the year ended December 31, 2018, as a result of the adoption of Topic 606 on January 1, 2018 compared to the pro forma presentation of each respective statement, which assumes the previous guidance remained in effect as of December 31, 2018 (in millions):
 
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

 
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
)