| Summary of Significant Accounting Policies | 12 Months Ended |
| Dec. 31, 2013 |
| Accounting Policies [Abstract] | ' |
| Summary of Significant Accounting Policies | ' |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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| Principles of Consolidation |
| Our Consolidated Financial Statements include the accounts of Jones Lang LaSalle and its majority-owned and controlled subsidiaries. We have eliminated all intercompany balances and transactions in our Consolidated Financial Statements. Investments in real estate ventures over which we exercise significant influence, but do not control, are accounted for either under the equity method or at fair value. |
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| When applying principles of consolidation, we begin with Accounting Standards Update ("ASU") 2009-17, “Consolidations (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities,” in determining whether an investee entity is a variable interest entity (“VIE”) or a voting interest entity. ASU 2009-17 draws a distinction between voting interest entities, which are embodied by common and traditional corporate and partnership structures, and VIEs, broadly defined as entities for which control is achieved through means other than voting rights. For voting interest entities, the interest holder with control through majority ownership and majority vote consolidates. For VIEs, determination of the “primary beneficiary” drives the accounting. We identify the primary beneficiary of a VIE as the enterprise that has both of the following characteristics: (1) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance; and (2) the obligation to absorb losses or receive benefits of the VIE that could potentially be significant to the entity. We perform this analysis on an ongoing basis. When we determine we are the primary beneficiary of a VIE, we consolidate our investment in the VIE; when we determine we are not the primary beneficiary of the VIE, we account for our investment in the VIE under the equity method or at fair value. |
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| If an entity is not a VIE, but is a limited partnership or similar entity, we apply guidance from Accounting Standards Codification ("ASC") Topic 810 related to investments in joint ventures, and consider rights held by limited partners which may preclude consolidation by a sole general partner. The assessment of limited partners’ rights and their impact on the presumption of control of the limited partnership by the sole general partner should be made when an investor becomes the general partner, and reassessed if (1) there is a change to the terms or in the exercisability of the rights of the limited partners, (2) the general partner increases or decreases its ownership of limited partnership interests, or (3) there is an increase or decrease in the number of outstanding limited partnership interests. |
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| Our determination of the appropriate accounting method for all other investments is based on the level of influence we have in the underlying entity. When we have an asset advisory contract with the real estate limited partnership, the combination of our limited partner interest and the advisory agreement provides us with significant influence over such real estate limited partnership. Accordingly, we account for such investments either under the equity method or at fair value. We eliminate transactions with such subsidiaries to the extent of our ownership in the related subsidiary. |
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| Use of Estimates |
| The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) requires us to make estimates and assumptions about future events that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of the revenue and expenses during the reporting periods. Such estimates include the value of purchase consideration, valuation of accounts receivable, goodwill, intangible assets, other long-lived assets, legal contingencies, assumptions used in the calculation of income taxes, incentive compensation, and retirement and other post-employment benefits, among others. |
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| These estimates and assumptions are based on management’s best estimate and judgment. We evaluate these estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which we believe to be reasonable under the circumstances. We adjust such estimates and assumptions when facts and circumstances dictate. Market factors, such as illiquid credit markets, volatile equity markets and foreign currency fluctuations can increase the uncertainty in such estimates and assumptions. Because future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in those estimates resulting from continuing changes in economic environment will be reflected in the financial statements in future periods. Although actual amounts likely differ from such estimated amounts, we believe such differences are not likely to be material. |
| Reclassifications |
| Certain prior year amounts have been reclassified to conform to the current presentation. These reclassifications have not been material and have not affected reported net income. |
| Revenue Recognition |
| We earn revenue from the following principal sources: |
| •Transaction commissions; |
| •Advisory and management fees; |
| •Incentive fees; |
| •Project and development management fees; and |
| •Construction management fees. |
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| We recognize transaction commissions related to leasing services and capital markets services as revenue when we provide the related service unless future contingencies exist. We recognize advisory and management fees related to property and facility management services, valuation services, corporate property services, consulting services and investment management as income in the period in which we perform the related services.We recognize incentive fees based on the performance of underlying funds’ investments, contractual benchmarks and other contractual formulas. If future contingencies exist, we defer recognition of the related revenue until the respective contingencies have been satisfied. |
| We recognize project and development management and construction management fees by applying the percentage of completion method of accounting. We use the efforts expended method to determine the extent of progress towards completion for project and development management fees, and costs incurred to total estimated costs for construction management fees. |
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| Certain construction management fees, which are gross construction services revenue reported net of subcontract costs, were $8.0 million, $8.1 million and $10.1 million for the years ended December 31, 2013, 2012 and 2011, respectively. Gross construction services revenue totaled $148.9 million, $132.3 million, and $143.3 million and subcontract costs totaled $140.9 million, $124.2 million, and $133.2 million for the years ended December 31, 2013, 2012 and 2011, respectively. |
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| We include costs in excess of billings on uncompleted construction contracts of $4.4 million and $7.9 million in Trade receivables, and billings in excess of costs on uncompleted construction contracts of $7.4 million and $5.2 million in Deferred income, respectively, as of December 31, 2013 and 2012, respectively. |
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| Gross and Net Accounting: We follow the guidance of ASC Topic 605-45, “Principal and Agent Considerations,” when accounting for reimbursements received from clients. In certain of our businesses, primarily those involving management services, our clients reimburse us for expenses incurred on their behalf. We base the treatment of reimbursable expenses for financial reporting purposes upon the fee structure of the underlying contract. Accordingly, we report a contract that provides for fixed fees, fully inclusive of all personnel and other recoverable expenses incurred but not separately scheduled, on a gross basis. When accounting on a gross basis, our reported revenue includes the full billing to our client, and our reported expenses include all costs associated with the client. Certain contractual arrangements in our project and development services, including fit-out business activities, and in our facility management services tend to have characteristics that result in accounting on a gross basis. In Note 3, Business Segments, for client assignments in property and facility management and in project and development services that are accounted for on a gross basis, we identify the gross contract costs, including vendor and subcontract costs (“gross contract costs”), and present separately their impact on both revenue and operating expense in our Real Estate Services (“RES”) segments. We exclude these gross contract costs from revenue and operating expenses in determining “fee revenue” and “fee based operating expenses” in our segment presentation. |
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| We account for a contract on a net basis when the fee structure is comprised of at least two distinct elements, namely (1) a fixed management fee and (2) a separate component that allows for scheduled reimbursable personnel costs or other expenses to be billed directly to the client. When accounting on a net basis, we include the fixed management fee in reported revenue and net the reimbursement against expenses. We base this accounting on the following factors, which define us as an agent rather than a principal: |
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| • | The property owner or client, with ultimate approval rights relating to the employment and compensation of on-site personnel, and bearing all of the economic costs of such personnel, is determined to be the primary obligor in the arrangement; | | | | | | |
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| • | Reimbursement to Jones Lang LaSalle is generally completed simultaneously with payment of payroll or soon thereafter; | | | | | | |
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| • | Because the property owner is contractually obligated to fund all operating costs of the property from existing cash flow or direct funding from its building operating account, Jones Lang LaSalle bears little or no credit risk; and | | | | | | |
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| • | Jones Lang LaSalle generally earns no margin in the reimbursement aspect of the arrangement, obtaining reimbursement only for actual costs incurred. | | | | | | |
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| The majority of our service contracts are accounted for on a net basis. These net costs aggregated approximately $1.6 billion, $1.5 billion and $1.4 billion for the years ended December 31, 2013, 2012 and 2011, respectively. The presentation of expenses pursuant to these arrangements under either a gross or net basis has no impact on operating income, net income or cash flows. |
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| Contracts accounted for on a gross basis resulted in certain costs reflected in revenue and operating expenses (gross contract costs) of $434.8 million, $292.6 million, and $210.5 million for the years ended December 31, 2013, 2012 and 2011, respectively. |
| Cash and Cash Equivalents |
| We consider all highly-liquid investments purchased with maturities of less than three months to be cash equivalents. The carrying amount of cash equivalents approximates fair value due to the short-term maturity of these investments. |
| Accounts Receivable |
| Pursuant to contractual arrangements, Trade receivables, net of allowances include unbilled amounts of $260.4 million and $229.7 million at December 31, 2013 and 2012, respectively. |
| We estimate the allowance necessary to provide for uncollectible accounts receivable. The estimate includes specific accounts for which payment has become unlikely. We also base this estimate on historical experience combined with a review of current developments and client credit quality. The process by which we calculate the allowance begins with the individual business units where specific uncertain accounts are identified and reserved as part of an overall reserve that is formulaic and driven by the age profile of the receivables and our historical experience. We then review these allowances on a quarterly basis to ensure they are appropriate. |
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| The following table details the changes in the allowance for uncollectible receivables for each of the three years ended December 31, 2013, 2012 and 2011 ($ in thousands). |
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| 2013 | | 2012 | | 2011 | |
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| Allowance at beginning of the year | $ | 19,526 | | 20,595 | | 20,352 | |
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| Charged to income | 8,715 | | 6,586 | | 10,273 | |
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| Write-off of uncollectible receivables | (8,552 | ) | (7,858 | ) | (10,901 | ) |
| Reserves acquired from King Sturge | — | | — | | 760 | |
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| Impact of exchange rate movements and other | (906 | ) | 203 | | 111 | |
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| Allowance at end of the year | $ | 18,783 | | 19,526 | | 20,595 | |
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| Warehouse Receivables and Facilities |
| In 2011, we acquired certain assets of Atlanta-based Primary Capital™ Advisors. This acquisition expanded our capital market service offerings and allows us to better meet our clients’ needs through the origination, warehousing, sale and servicing of commercial mortgages as a Federal Home Loan Mortgage Corporation (Freddie Mac) Program Plus® Seller/Servicer. We originate mortgages based on contractual purchase commitments which are received from Freddie Mac prior to originating mortgages. Loans are generally funded by our warehouse facility at prevailing market rates. Loans are generally repaid within a one-month period when Freddie Mac buys the loans, while we retain the servicing rights. Upon surrender of control over the warehouse receivables, we account for the transfer as a sale. We carry Warehouse receivables at the lower of cost or fair value based on the commitment price, in accordance with ASC Topic 948, Financial Services-Mortgage Banking. |
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| Through June 30, 2012, we maintained an open-ended warehouse facility with Kemps Landing Capital Company, LLC to fund Warehouse receivables. On January 6, 2012, the Federal Housing Finance Agency announced a termination of Freddie Mac's purchase commitment agreement with Kemps Landing effective June 30, 2012. On July 1, 2012, we entered into an uncommitted warehouse facility with a third-party lender, with a maximum capacity of $85.0 million, as amended in August 2012. In November 2012, we amended the terms of this warehouse facility whereby the maximum capacity was increased to $150.0 million and could be further increased to $200.0 million upon establishment of a cash collateral account. In August 2013, we amended this facility to expand the maximum borrowing capacity to $300.0 million with an option to increase by an additional $100.0 million for a total borrowing capacity of $400.0 million. This facility bears interest at LIBOR plus 2.5%. On July 2, 2013, we entered into a second warehouse credit facility with a separate third-party lender with a maximum capacity of $100.0 million. This facility bears interest at LIBOR plus 2.0% and expires on July 1, 2014. |
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| Mortgage Servicing Rights |
| We retain certain servicing rights in connection with the origination and sale of mortgage loans. We record mortgage servicing rights based on the fair value of these rights on the date the loans are sold. The recording of mortgage servicing rights at their fair value results in net gains, which we record as Revenue in our Consolidated Statements of Comprehensive Income. At December 31, 2013 and 2012, we had $5.8 million and $4.5 million, respectively, of mortgage servicing rights carried at the lower of amortized cost or fair value in Identified intangibles on our Consolidated Balance Sheets. We amortize servicing rights in proportion to and over the estimated period that net servicing income is projected to be received. |
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| We evaluate the mortgage servicing assets for impairment on an annual basis, or more often if circumstances or events indicate a change in fair value. There have been no instances of impairment during all periods presented. Mortgage servicing rights do not actively trade in an open market with readily available observable prices; therefore we determine the fair value of these rights based on certain assumptions and judgments that are Level 3 within the fair value hierarchy, including the estimation of the present value of future cash flows to be realized from servicing the underlying mortgages. |
| Property and Equipment |
| We record property and equipment at cost and depreciate these assets over their relevant useful lives. We capitalize certain direct costs relating to internal-use software development when incurred during the application development phase. |
| We review property and equipment for impairment whenever events or circumstances indicate that the carrying value of an asset group may not be recoverable. We record an impairment loss to the extent that the carrying value exceeds the estimated fair value. We did not recognize an impairment loss related to property and equipment for the years ended December 31, 2013, 2012 or 2011. |
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| We calculate depreciation and amortization on property and equipment for financial reporting purposes by using the straight-line method based on the estimated useful lives of our assets. Depreciation and amortization expense related to property and equipment for the years ended December 31, 2013, 2012 and 2011 was $71.0 million, $66.2 million, and $62.6 million, respectively. The following table shows the gross value of major asset categories at December 31, 2013 and 2012, as well as the standard depreciable life for each of these asset categories ($ in millions): |
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| Category | 2013 | | 2012 | | Depreciable Life |
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| Furniture, fixtures and equipment | $ | 88.2 | | 91.9 | | 1 to 10 years |
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| Computer equipment and software | 375.3 | | 332 | | 2 to 10 years |
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| Leasehold improvements | 179.4 | | 160.7 | | 1 to 10 years |
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| Automobiles and other | 26.6 | | 24.6 | | 4 to 10 years |
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| Total | 669.5 | | 609.2 | | |
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| Total accumulated depreciation | (374.0 | ) | (339.9 | ) | |
| Net property and equipment | $ | 295.5 | | $ | 269.3 | | |
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| Business Combinations, Goodwill and Other Intangible Assets |
| We have historically grown, in part, through a series of acquisitions. Consistent with the services nature of the businesses we have acquired, we have significant goodwill and intangible assets resulting from these acquisitions. These intangible assets are primarily management contracts and customer backlog that we acquired as part of these acquisitions and amortize over their estimated useful lives. |
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| We evaluate goodwill for impairment at least annually. ASU 2011-08, “Testing Goodwill for Impairment” permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. We define our four reporting units as the three geographic regions of Real Estate Services (“RES”), Americas RES, EMEA RES and Asia Pacific RES, and LaSalle. |
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| We have used qualitative factors per the provisions of ASU 2011-08, with respect to the performance of our annual impairment test of goodwill and determined that no indicators of impairment exist primarily because (1) our market capitalization has consistently exceeded our carrying value by a significant margin, (2) our overall financial performance has been solid and improving in the face of mixed economic environments, and (3) forecasts of operating income and cash flows generated by our reporting units appear sufficient to support the carrying values of net assets of each reporting unit. |
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| In addition to our annual impairment evaluation, we evaluate whether events or circumstances have occurred in the period subsequent to our annual impairment testing that indicate it is more likely than not an impairment loss has occurred. It is possible our determination that goodwill for a reporting unit is not impaired could change in the future if current economic conditions deteriorate. We will continue to monitor the relationship between the Company’s market capitalization and carrying value, as well as the ability of our reporting units to deliver current and projected EBITDA and cash flows sufficient to support the carrying values of the net assets of their respective businesses. |
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| We evaluate our Identified intangibles for impairment annually or if other events or circumstances indicate that the carrying value may be impaired. |
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| See Note 4 for additional information on goodwill and other intangible assets. |
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| Investments in Real Estate Ventures |
| We invest in certain real estate ventures that own and operate commercial real estate. Typically, these are co-investments in funds that our investment management business establishes in the ordinary course of business for its clients. These investments take the form of ownership interests generally ranging from less than 1% to 15% of the respective ventures; we typically account for these investments under the equity method. We have elected the fair value option for certain of our investments. Pursuant to ASC Topic 825, this election is made on an investment-by-investment basis at the date of the initial investment. We believe the fair value accounting method more accurately represents the value and performance of these investments. See “Principles of Consolidation” above for additional discussion of the accounting for our co-investments. |
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| For real estate limited partnerships in which the Company is a general partner the entities are generally well-capitalized and grant the limited partners substantive rights, such as the right to replace the general partner without cause, to dissolve or liquidate the partnership, to approve the sale or refinancing of the principal partnership assets, or to approve the acquisition of principal partnership assets. We generally account for such general partner interests under the equity method. |
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| For limited partnerships in which the Company is a limited partner, the Company has concluded that it does not have a controlling interest in these limited partnerships. When we have an asset advisory contract with the limited partnership, the combination of our limited partner interest and the advisory agreement provides us with significant influence over the real estate limited partnership venture. Accordingly, we account for such investments under the equity method or at fair value. |
| For investments in real estate ventures accounted for under the equity method, we maintain an investment account that is (1) increased by contributions made and by our share of net income of the real estate ventures, and (2) decreased by distributions received and by our share of net losses of the real estate ventures. Our share of each real estate venture’s net income or loss, including gains and losses from capital transactions, is reflected in our Consolidated Statements of Comprehensive Income as Equity earnings from real estate ventures. |
| We review investments in real estate ventures accounted for under the equity method on a quarterly basis for indications of whether we may not be able to recover the carrying value of the real estate assets underlying our investments in real estate ventures and whether our investments are other than temporarily impaired. When events or changes in circumstances indicate that the carrying amount of a real estate asset underlying one of our investments may be impaired, we review the recoverability of the carrying amount of the real estate asset in comparison to an estimate of the future undiscounted cash flows expected to be generated by the underlying asset. When the carrying amount of the real estate asset is in excess of the future undiscounted cash flows, we use a discounted cash flow approach to determine the fair value of the asset in computing the amount of the impairment. We then record the portion of the impairment loss related to our investment in the reporting period, within Equity earnings from real estate ventures on our Consolidated Statements of Comprehensive Income. Additionally, we consider a number of factors, including our share of co-investment cash flows and the fair value of our co-investments, in determining whether or not our investment is other than temporarily impaired. |
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| For investments in real estate ventures for which the fair value option has been elected, we maintain an investment account that is increased or decreased each reporting period by the difference between the fair value of the investment and the carrying value at the balance sheet date. These fair value adjustments are reflected as unrealized gains or losses in our Consolidated Statements of Comprehensive Income within Equity earnings from real estate ventures. For the years ended December 31, 2013, 2012 and 2011, we recognized fair value gains of $5.1 million, $2.0 million and $0.6 million, respectively, that are included in Equity earnings from real estate ventures. The fair value of these investments at the balance sheet date is determined using discounted cash flow models and other Level 3 inputs. |
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| We report Equity earnings from real estate ventures in the Consolidated Statements of Comprehensive Income after Operating income. However, for segment reporting we reflect Equity earnings (losses) from real estate ventures within Revenue. See Note 3 for Equity earnings (losses) reflected within segment revenue, as well as discussion of how the Chief Operating Decision Maker (as defined in Note 3) measures segment results with Equity earnings (losses) included in segment revenue. |
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| See Note 5 for additional information on investments in real estate ventures. |
| Stock-Based Compensation |
| Stock-based compensation in the form of restricted stock units is a significant element of our compensation programs. We determine the fair value of restricted stock units based on the market price of the Company’s common stock on the grant date and amortize it on a straight-line basis over the associated vesting period for each separately vesting portion of an award. We reduce stock-based compensation expense for estimated forfeitures each period and adjust expense accordingly upon vesting or actual forfeitures. |
| We also have a “noncompensatory” Stock Purchase Plan (“ESPP”) for U.S. employees and a Jones Lang LaSalle Savings Related Share Option Plan (“Save As You Earn” or “SAYE”) for U.K. and Irish employees. The fair value of options granted under the SAYE plan are determined on the grant date and amortized over the associated vesting period. |
| See Note 6 for additional information on our stock compensation plans. |
| Income Taxes |
| We account for income taxes under the asset and liability method. We recognize deferred tax assets and liabilities for the expected future tax consequences of events that have been included in our financial statements or tax returns. Under this method, we determine deferred tax assets and liabilities based on the differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. |
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| An increase or decrease in the deferred tax liability that results from a change in circumstances, and that causes a change in our judgment about expected future tax consequences of events, would be included in the tax provision when the changes in circumstances and our judgment occurs. Deferred income taxes also reflect the impact of operating loss and tax credit carryforwards. A valuation allowance is established if we believe it is more likely than not that all or some portion of the deferred tax asset will not be realized. An increase or decrease in the valuation allowance that results from a change in circumstances, and that causes a change in our judgment about the ability to realize the related deferred tax asset, would be included in the tax provision when the changes in circumstances and our judgment occurs. |
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| See Note 8 for additional information on income taxes. |
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| Derivatives and Hedging Activities |
| We do not enter into derivative financial instruments for trading or speculative purposes. However, in the normal course of business we do use derivative financial instruments in the form of forward foreign currency exchange contracts to manage selected foreign currency risks. At December 31, 2013, we had forward exchange contracts in effect with a gross notional value of $1.96 billion ($1.01 billion on a net basis) with a net fair value loss of $0.1 million. At December 31, 2012, we had forward exchange contracts in effect with a gross notional value of $1.95 billion ($886.6 million on a net basis) with a net fair value loss of $5.7 million. |
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| We currently do not use hedge accounting for these contracts, which are marked-to-market each period with changes in unrealized gains or losses recognized in earnings and offset by foreign currency gains and losses on associated intercompany loans. We include the gains and losses on these forward foreign currency exchange contracts as a component of our overall net foreign currency gains and losses that are included in Operating, administrative and other expense. |
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| We have considered the counterparty credit risk related to these forward foreign currency exchange contracts and do not deem any counterparty credit risk to be material at December 31, 2013. |
| Foreign Currency Translation |
| We prepare the financial statements of our subsidiaries located outside the United States using local currency as the functional currency. The assets and liabilities of these subsidiaries are translated to U.S. dollars at the rates of exchange at the balance sheet date with the resulting translation adjustments included in a separate component of equity (Other comprehensive income (loss)) and in the Consolidated Statements of Comprehensive Income (Other comprehensive income-foreign currency translation adjustments). |
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| The $25.2 million of Accumulated other comprehensive loss on our Consolidated Balance Sheet at December 31, 2013, consists of $1.1 million of net foreign currency translation gains and $26.3 million of unrecognized losses on pension plans recorded net of tax. The $8.9 million of Accumulated other comprehensive income on our Consolidated Balance Sheet at December 31, 2012, consists of $54.4 million of net foreign currency translation gains and $45.5 million of unrecognized losses on pension plans recorded net of tax. |
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| Income and expenses are translated at the average monthly rates of exchange. We include gains and losses from foreign currency transactions in net earnings as a component of Operating, administrative and other expense. Net foreign currency losses were $3.9 million, $4.3 million, and $1.6 million for the years ending December 31, 2013, 2012 and 2011, respectively. |
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| The effect of foreign currency translation on Cash and cash equivalents is reflected in cash flows from operating activities on the Consolidated Statements of Cash Flows, and is not a material portion of cash flows from operating activities. |
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| Cash Held for Others |
| We manage significant amounts of cash and cash equivalents in our role as agent for our investment and property management clients. We do not include such amounts in our Consolidated Balance Sheets. |
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| Taxes Collected from Clients and Remitted to Governmental Authorities |
| We account for tax assessed by a governmental authority that is based on a revenue or transaction value (i.e., sales, use, and value added taxes) on a net basis, excluded from revenue, and recorded as current liabilities until paid. |
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| Commitments and Contingencies |
| We are subject to various claims and contingencies related to lawsuits and taxes as well as commitments under contractual obligations. Many of these claims are covered under our current insurance programs, subject to deductibles. We recognize the liability associated with a loss contingency when a loss is probable and estimable. |
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| See Note 13 for additional information on commitments and contingencies. |
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| Earnings Per Share; Net Income Available to Common Shareholders |
| The difference between basic weighted average shares outstanding and diluted weighted average shares outstanding represents the dilutive impact of our common stock equivalents. Common stock equivalents consist of shares to be issued under employee stock compensation programs. See Note 6 for additional information on our stock compensation plans. |
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| New Accounting Standards |
| In February 2013, the Financial Accounting Standards Board (“FASB”) issued ASU 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.” ASU 2013-02 requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income by the respective line item in our Consolidated Statements of Comprehensive Income. To meet this requirement, an entity shall provide such information together, in one location, either on the face of the statement of comprehensive income or as a separate disclosure in the Notes to the Consolidated Financial Statements. In relation to our defined benefit plans, we recognized $2.7 million, $2.2 million and $2.0 million of Compensation and benefits expense for the years ended December 31, 2013, 2012 and 2011, respectively, for deferrals and actuarial losses that had been recorded as a component of other comprehensive income in prior periods. |
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| See Note 7 for additional information on our defined benefit plans. |
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| In December 2011, the FASB issued ASU 2011-11, “Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities.” This ASU adds certain additional disclosure requirements about financial instruments and derivative instruments that are subject to netting arrangements. In January 2013, the FASB issued ASU 2013-01, “Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities,” which clarifies that ordinary trade receivables and receivables in general are not in the scope of ASU 2011-11. Each of these updates was effective for us beginning on January 1, 2013. See Note 9, Fair Value Measurements, for additional disclosures concerning our netting arrangements in relation to our foreign currency forward contracts. |
| In July 2013, the FASB issued ASU 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward or a Tax Credit Carryforward Exists," which provides guidance for the financial statement presentation of such unrecognized tax benefits. ASU 2013-11 will be effective for us on January 1, 2014. The adoption of ASU 2013-11 will not have a material impact on the balance sheet presentation of our deferred tax assets and liabilities. |
