CBRE (CBRE) 10-K 2 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2019	Feb. 14, 2020	Jun. 28, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Annual Report	true
Document Transition Report	false
Document Fiscal Period Focus	FY
Entity Registrant Name	CBRE GROUP, INC.
Entity Central Index Key	0001138118
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		334,790,842
Entity Public Float			$ 17.3
Title of 12(b) Security	Class A Common Stock, $0.01 par value per share
Trading Symbol	CBRE
Security Exchange Name	NYSE
Entity File Number	001-32205
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3391143
Entity Address, Address Line One	400 South Hope Street
Entity Address, Address Line Two	25th Floor
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90071
City Area Code	213
Local Phone Number	613-3333
Documents Incorporated by Reference	Portions of the proxy statement for the registrant’s 2020 Annual Meeting of Stockholders to be held May 14, 2020 are incorporated by reference in Part III of this Annual Report on Form 10-K.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 971,781	$ 777,219
Restricted cash	121,964	86,725
Receivables, less allowance for doubtful accounts of $72,725 and $60,348 at December 31, 2019 and 2018, respectively	4,466,674	3,668,591
Warehouse receivables	993,058	1,342,468
Contract assets	328,012	307,020
Prepaid expenses	282,741	254,892
Income taxes receivable	93,915	71,684
Other current assets	276,319	245,611
Total Current Assets	7,534,464	6,754,210
Property and equipment, net	836,206	721,692
Goodwill	3,753,493	3,652,309
Other intangible assets, net of accumulated amortization of $1,358,528 and $1,180,393 at December 31, 2019 and 2018, respectively	1,379,546	1,441,308
Operating lease assets	997,966
Investments in unconsolidated subsidiaries	426,711	216,174
Non-current contract assets	201,760	74,762
Real estate under development	185,508	4,586
Non-current income taxes receivable	139,136
Deferred tax assets, net	73,864	51,703
Other assets, net	668,542	540,049
Total Assets	16,197,196	13,456,793
Current Liabilities:
Accounts payable and accrued expenses	2,436,084	1,919,827
Compensation and employee benefits payable	1,324,990	1,121,179
Accrued bonus and profit sharing	1,261,974	1,189,395
Operating lease liabilities	168,663
Contract liabilities	108,671	82,227
Income taxes payable	30,207	68,100
Short-term borrowings:
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	977,175	1,328,761
Other	4,534
Total short-term borrowings	981,709	1,328,761
Current maturities of long-term debt	1,814	3,146
Other current liabilities	122,339	90,745
Total Current Liabilities	6,436,451	5,803,380
Long-term debt, net of current maturities	1,761,245	1,767,260
Non-current operating lease liabilities	1,057,758
Non-current income taxes payable	93,647
Non-current tax liabilities	85,966	172,626
Deferred tax liabilities, net	34,593	107,425
Other liabilities	454,424	596,200
Total Liabilities	9,924,084	8,446,891
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity:
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 334,752,283 and 336,912,783 shares issued and outstanding at December 31, 2019 and 2018, respectively	3,348	3,369
Additional paid-in capital	1,115,944	1,149,013
Accumulated earnings	5,793,149	4,504,684
Accumulated other comprehensive loss	(679,748)	(718,269)
Total CBRE Group, Inc. Stockholders’ Equity	6,232,693	4,938,797
Non-controlling interests	40,419	71,105
Total Equity	6,273,112	5,009,902
Total Liabilities and Equity	$ 16,197,196	$ 13,456,793

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Receivables, allowance for doubtful accounts	$ 72,725	$ 60,348
Other intangible assets, accumulated amortization	$ 1,358,528	$ 1,180,393
Class A common stock, par value	$ 0.01	$ 0.01
Class A common stock, shares authorized	525,000,000	525,000,000
Class A common stock, shares issued	334,752,283	336,912,783
Class A common stock, shares outstanding	334,752,283	336,912,783

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Revenue	$ 23,894,091	$ 21,340,088	$ 18,628,787
Costs and expenses:
Cost of revenue	18,689,013	16,449,212	14,305,099
Operating, administrative and other	3,436,009	3,365,773	2,858,720
Depreciation and amortization	439,224	451,988	406,114
Intangible asset impairment	89,787
Total costs and expenses	22,654,033	20,266,973	17,569,933
Gain on disposition of real estate	19,817	14,874	19,828
Operating income	1,259,875	1,087,989	1,078,682
Equity income from unconsolidated subsidiaries	160,925	324,664	210,207
Other income	28,907	93,020	9,405
Interest expense, net of interest income	85,754	98,685	126,961
Write-off of financing costs on extinguished debt	2,608	27,982
Income before provision for income taxes	1,361,345	1,379,006	1,171,333
Provision for income taxes	69,895	313,058	467,757
Net income	1,291,450	1,065,948	703,576
Less: Net income attributable to non-controlling interests	9,093	2,729	6,467
Net income attributable to CBRE Group, Inc.	$ 1,282,357	$ 1,063,219	$ 697,109
Basic income per share:
Net income per share attributable to CBRE Group, Inc.	$ 3.82	$ 3.13	$ 2.06
Weighted average shares outstanding for basic income per share	335,795,654	339,321,056	337,658,017
Diluted income per share:
Net income per share attributable to CBRE Group, Inc.	$ 3.77	$ 3.10	$ 2.05
Weighted average shares outstanding for diluted income per share	340,522,871	343,122,741	340,783,556

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net income	$ 1,291,450	$ 1,065,948	$ 703,576
Other comprehensive income (loss):
Foreign currency translation (loss) gain	(14,092)	(161,384)	218,001
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of $471, $876 and $3,066 income tax expense for the years ended December 31, 2019, 2018 and 2017, respectively	1,320	2,439	4,964
Unrealized gains on interest rate swaps, net of $254 and $362 income tax expense for the years ended December 31, 2018 and 2017, respectively		708	585
Unrealized holding gains (losses) on available for sale debt securities, net of $559 income tax expense, $349 income tax benefit and $1,685 income tax expense for the years ended December 31, 2019, 2018 and 2017, respectively	2,101	(971)	2,737
Pension liability adjustments, net of $194, $269 and $2,601 income tax expense for the years ended December 31, 2019, 2018 and 2017, respectively	944	1,315	12,701
Legal entity restructuring, net of $17,694 income tax expense for the year ended December 31, 2019	63,149
Other, net of $3,795 and $3,550 income tax benefit and $342 income tax expense for the years ended December 31, 2019, 2018 and 2017, respectively	(14,946)	(5,070)	364
Total other comprehensive income (loss)	38,476	(166,927)	239,352
Comprehensive income	1,329,926	899,021	942,928
Less: Comprehensive income attributable to non-controlling interests	9,048	1,657	6,879
Comprehensive income attributable to CBRE Group, Inc.	$ 1,320,878	897,364	$ 936,049
Accounting Standards Update 2016-01 [Member]
Other comprehensive income (loss):
Adoption of Accounting Standards Update 2016-01, net of $2,141 income tax benefit for the year ended December 31, 2018		$ (3,964)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Amounts reclassified from accumulated other comprehensive loss to interest expense, income tax expense	$ 471	$ 876	$ 3,066
Unrealized gains on interest rate swaps, income tax expense (benefit)		254	362
Unrealized holding gains (losses) on available for sale debt securities, income tax expense (benefit)	559	(349)	1,685
Pension liability adjustments, income tax expense (benefit)	194	269	2,601
Legal entity restructuring, income tax expense (benefit)	17,694
Other, income tax expense (benefit)	$ (3,795)	(3,550)	$ 342
Accounting Standards Update 2016-01 [Member]
Adoption of Accounting Standards Update 2016-01, income tax benefit		$ (2,141)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,291,450	$ 1,065,948	$ 703,576
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	439,224	451,988	406,114
Amortization and write-off of financing costs on extinguished debt	8,662	35,175	10,783
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets	(246,690)	(229,376)	(200,386)
Intangible asset impairment	89,787
Gain associated with remeasuring our investment in a joint venture entity to fair value at the date we acquired the remaining interest		(100,420)
Net realized and unrealized (gains) losses from investments	(28,907)	7,400	(9,405)
Provision for doubtful accounts	20,373	19,760	8,044
Compensation expense for equity awards	127,738	128,171	93,087
Equity income from unconsolidated subsidiaries	(160,925)	(324,664)	(210,207)
Distribution of earnings from unconsolidated subsidiaries	199,011	336,925	211,855
Proceeds from sale of mortgage loans	19,805,060	20,230,676	18,052,756
Origination of mortgage loans	(19,389,979)	(20,591,602)	(17,655,104)
(Decrease) increase in warehouse lines of credit	(351,586)	417,995	(343,887)
Tenant concessions received	21,249	38,400	19,337
Purchase of equity securities	(83,001)	(99,789)	(110,570)
Proceeds from sale of equity securities	46,949	75,120	68,547
Decrease (increase) in real estate under development	34,776	(4,586)	2,472
Increase in receivables, prepaid expenses and other assets (including contract and lease assets)	(824,490)	(773,361)	(534,190)
Increase in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities)	306,677	273,782	159,145
Increase in compensation and employee benefits payable and accrued bonus and profit sharing	244,895	270,371	148,714
(Increase) decrease in net income taxes receivable/payable	(274,436)	(47,074)	108,151
Other operating activities, net	(52,457)	(49,590)	(34,421)
Net cash provided by operating activities	1,223,380	1,131,249	894,411
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(293,514)	(227,803)	(178,042)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired	(355,926)	(322,573)	(118,427)
Contributions to unconsolidated subsidiaries	(105,947)	(62,802)	(68,700)
Distributions from unconsolidated subsidiaries	33,289	61,709	63,664
Purchase of equity securities	(12,017)	(21,402)	(15,584)
Proceeds from sale of equity securities	15,623	16,314	15,587
Purchase of available for sale debt securities	(8,853)	(23,360)	(19,280)
Proceeds from the sale of available for sale debt securities	4,671	5,792	15,790
Other investing activities, net	1,650	13,441	2,392
Net cash used in investing activities	(721,024)	(560,684)	(302,600)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from senior term loans	300,000	1,002,745	200,000
Repayment of senior term loans	(300,000)	(450,000)	(751,876)
Proceeds from revolving credit facility	3,609,000	3,258,000	1,521,000
Repayment of revolving credit facility	(3,609,000)	(3,258,000)	(1,521,000)
Repayment of 5.00% senior notes (including premium)		(820,000)
Repurchase of common stock	(145,137)	(161,034)
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date)	(42,147)	(18,660)	(24,006)
Units repurchased for payment of taxes on equity awards	(18,426)	(29,386)	(29,549)
Non-controlling interest contributions	46,612	25,355	5,301
Non-controlling interest distributions	(3,957)	(13,413)	(8,715)
Other financing activities, net	1,793	(15,912)	(18,897)
Net cash used in financing activities	(271,949)	(506,600)	(627,742)
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash	(606)	(24,840)	29,338
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	229,801	39,125	(6,593)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD	863,944	824,819	831,412
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD	1,093,745	863,944	824,819
Cash paid during the period for:
Interest	86,666	104,165	117,164
Income taxes, net	365,065	375,849	$ 356,997
Telford Homes Plc [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt assumed in acquisition	$ (110,687)
FacilitySource [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt assumed in acquisition		$ (26,295)

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	Dec. 31, 2018
5.00% Senior Notes [Member]
Debt Instrument Interest Rate Stated Percentage	5.00%

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Class A Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Earnings [Member]	Minimum Pension Liability [Member]	Foreign Currency Translation and Other [Member]	Non-controlling Interests [Member]
Beginning Balance at Dec. 31, 2016	$ 3,145,900	$ 3,373	$ 1,145,226	$ 2,745,897	$ (165,670)	$ (625,684)	$ 42,758
Beginning balance (in shares) at Dec. 31, 2016	337,279,449
Net income	$ 703,576			697,109			6,467
Pension liability adjustments, net of tax	12,701				12,701
Non-cash issuance of common stock related to acquisition	$ 11,693	5	11,688
Non-cash issuance of common stock related to acquisition (in shares)	495,828
Restricted stock awards vesting		$ 17	(17)
Restricted stock awards vesting (in shares)	1,660,269
Compensation expense for equity awards	$ 93,087		93,087
Units repurchased for payment of taxes on equity awards	(29,549)		(29,549)
Repurchase of common stock (in Shares)		0
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	4,964					4,964
Unrealized gains (losses) on interest rate swaps, net of tax	585					585
Unrealized holding gains (losses) on available for sale debt securities, net of tax	2,737					2,737
Foreign currency translation (loss) gain	218,001					217,589	412
Contributions from non-controlling interests	5,301						5,301
Distributions to non-controlling interests	(8,715)						(8,715)
Acquisition of non-controlling interests	12,671						12,671
Other	$ 1,662		73	1		364	1,224
Other (in shares)	23,592
Ending balance at Dec. 31, 2017	$ 4,174,614	$ 3,395	1,220,508	3,443,007	(152,969)	(399,445)	60,118
Ending balance (in shares) at Dec. 31, 2017	339,459,138
Net income	$ 1,065,948			1,063,219			2,729
Adoption of Accounting Standards Update, net of tax | Accounting Standards Update 2016-01 [Member]	(3,964)			3,964		(3,964)
Pension liability adjustments, net of tax	$ 1,315				1,315
Restricted stock awards vesting		14	(14)
Restricted stock awards vesting (in shares)	1,424,462
Compensation expense for equity awards	$ 128,171		128,171
Reclassification of stock incentive plan award from an equity award to a liability award	(9,074)		(9,074)
Units repurchased for payment of taxes on equity awards	(29,386)		(29,386)
Repurchase of common stock	$ (161,034)	$ (40)	(160,994)
Repurchase of common stock (in Shares)	(3,980,656)	(3,980,656)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	$ 2,439					2,439
Unrealized gains (losses) on interest rate swaps, net of tax	708					708
Unrealized holding gains (losses) on available for sale debt securities, net of tax	(971)					(971)
Foreign currency translation (loss) gain	(161,384)					(160,312)	(1,072)
Contributions from non-controlling interests	25,355						25,355
Distributions to non-controlling interests	(13,413)						(13,413)
Other	$ (13,386)		(198)	(5,506)	3,747	(8,817)	(2,612)
Other (in shares)	9,839
Ending balance at Dec. 31, 2018	$ 5,009,902	$ 3,369	1,149,013	4,504,684	(147,907)	(570,362)	71,105
Ending balance (in shares) at Dec. 31, 2018	336,912,783
Net income	$ 1,291,450			1,282,357			9,093
Pension liability adjustments, net of tax	$ 944				944
Restricted stock awards vesting		9	(9)
Restricted stock awards vesting (in shares)	920,407
Compensation expense for equity awards	$ 127,738		127,738
Units repurchased for payment of taxes on equity awards	(18,426)		(18,426)
Repurchase of common stock	$ (145,137)	(31)	(145,106)
Repurchase of common stock (in Shares)	(3,080,907)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	$ 1,320					1,320
Unrealized holding gains (losses) on available for sale debt securities, net of tax	2,101					2,101
Foreign currency translation (loss) gain	(14,092)					(14,047)	(45)
Contributions from non-controlling interests	46,612						46,612
Distributions to non-controlling interests	(3,957)						(3,957)
Deconsolidation of investments	(76,349)						(76,349)
Legal entity restructuring, net	63,149					63,149
Other	(12,143)	1	2,734	6,108		(14,946)	(6,040)
Ending balance at Dec. 31, 2019	$ 6,273,112	$ 3,348	$ 1,115,944	$ 5,793,149	$ (146,963)	$ (532,785)	$ 40,419
Ending balance (in shares) at Dec. 31, 2019	334,752,283

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Operations	1. Nature of Operations CBRE Group, Inc., a Delaware corporation (which may be referred to in these financial statements as “the company,” “we,” “us” and “our”), was incorporated on February 20, 2001. We are the world’s largest commercial real estate services and investment firm, based on 2019 revenue, with leading global market positions in our leasing, property sales, occupier outsourcing and valuation businesses. Our business is focused on providing services to real estate occupiers and investors. For occupiers, we provide facilities management, project management, transaction (both property sales and leasing) and consulting services, among others. For investors, we provide capital markets (property sales, mortgage origination, sales and servicing), leasing, investment management, property management, valuation and development services, among others. We generate revenue from both management fees (large multi-year portfolio and per-project contracts) and commissions on transactions. As of December 31, 2019, we operated in more than 530 offices worldwide with more than 100,000 employees, excluding independent affiliates, providing services under the following brand names: “CBRE” (real estate advisory and outsourcing services); “CBRE Global Investors” (investment management); “Trammell Crow Company” (U.S. development); “Telford Homes” (U.K. development) and “Hana” (flexible-space solutions).

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements include our accounts and those of our consolidated subsidiaries, which are comprised of variable interest entities in which we are the primary beneficiary and voting interest entities, in which we determined we have a controlling financial interest, under the “ Consolidations Variable Interest Entities (VIEs) We determine whether an entity is a VIE and, if so, whether it should be consolidated by utilizing judgments and estimates that are inherently subjective. Our determination of whether an entity in which we hold a direct or indirect variable interest is a VIE is based on several factors, including whether the entity’s total equity investment at risk upon inception is sufficient to finance the entity’s activities without additional subordinated financial support. We make judgments regarding the sufficiency of the equity at risk based first on a qualitative analysis, and then a quantitative analysis, if necessary. We analyze any investments in VIEs to determine if we are the primary beneficiary. In evaluating whether we are the primary beneficiary, we evaluate our direct and indirect economic interests in the entity. A reporting entity is determined to be the primary beneficiary if it holds a controlling financial interest in the VIE. Determining which reporting entity, if any, has a controlling financial interest in a VIE is primarily a qualitative approach focused on identifying which reporting entity has both: (i) the power to direct the activities of a VIE that most significantly impact such entity’s economic performance; and (ii) the obligation to absorb losses or the right to receive benefits from such entity that could potentially be significant to such entity. Performance of that analysis requires the exercise of judgment. We consider a variety of factors in identifying the entity that holds the power to direct matters that most significantly impact the VIE’s economic performance including, but not limited to, the ability to direct financing, leasing, construction and other operating decisions and activities. In addition, we consider the rights of other investors to participate in those decisions, to replace the manager and to sell or liquidate the entity. We determine whether we are the primary beneficiary of a VIE at the time we become involved with a variable interest entity and reconsider that conclusion continually. We consolidate any VIE of which we are the primary beneficiary and disclose significant VIEs of which we are not the primary beneficiary, if any, as well as disclose our maximum exposure to loss related to VIEs that are not consolidated (see Note 6). Voting Interest Entities (VOEs) For VOEs, we consolidate the entity if we have a controlling financial interest. We have a controlling financial interest in a VOE if: (i) for legal entities other than limited partnerships, we own a majority voting interest in the VOE or, for limited partnerships and similar entities, we own a majority of the entity’s kick-out rights through voting limited partnership interests; and (ii) non-controlling shareholders or partners do not hold substantive participating rights and no other conditions exist that would indicate that we do not control the entity. Other Investments Our investments in unconsolidated subsidiaries in which we have the ability to exercise significant influence over operating and financial policies, but do not control, or entities which are variable interest entities in which we are not the primary beneficiary are accounted for under the equity method. We eliminate transactions with such equity method subsidiaries to the extent of our ownership in such subsidiaries. Accordingly, our share of the earnings from these equity-method basis companies is included in consolidated net income. All other investments held on a long-term basis are valued at cost less any impairment in value. Marketable Securities Debt securities are classified as held to maturity when we have the positive intent and ability to hold the securities to maturity. Marketable debt securities not classified as held to maturity are classified as available for sale. Available for sale debt securities are carried at their fair value and any difference between cost and fair value is recorded as an unrealized gain or loss, net of income taxes, and is reported as accumulated other comprehensive income (loss) in the consolidated statement of equity. Premiums and discounts are recognized in interest using the effective interest method. Realized gains and losses and declines in value expected to be other-than-temporary on available for sale debt securities have not been significant. The cost of securities sold is based on the specific identification method. Interest and dividends on securities classified as available for sale are included in interest income. All equity securities that do not result in consolidation and are not accounted for under the equity method are measured at fair value with changes therein reflected in net income. Equity instruments that do not have readily determinable fair values and do not qualify for using the net asset value per share practical expedient in the “Fair Value Measurements and Disclosures” Impairment Evaluation Impairment losses are recognized upon evidence of other-than-temporary losses of value. When testing for impairment on investments that are not actively traded on a public market, we generally use a discounted cash flow approach to estimate the fair value of our investments and/or look to comparable activities in the marketplace. Management’s judgment is required in developing the assumptions for the discounted cash flow approach. These assumptions include net asset values, internal rates of return, discount and capitalization rates, interest rates and financing terms, rental rates, timing of leasing activity, estimates of lease terms and related concessions, etc. When determining if impairment is other-than-temporary, we also look to the length of time and the extent to which fair value has been less than cost as well as the financial condition and near-term prospects of each investment. Based on our review, we did not record any significant other-than-temporary impairment losses during the years ending December 31, 2019, 2018 and 2017. Use of Estimates Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S.), or GAAP, which require management to make estimates and assumptions about future events. These estimates and assumptions affect the amounts of assets, liabilities, revenue and expenses we report. Such estimates include the value of goodwill, intangibles and other long-lived assets, accounts receivable, investments in unconsolidated subsidiaries and assumptions used in the calculation of income taxes, retirement and other post-employment benefits, among others. These estimates and assumptions are based on management’s best judgment, and are evaluated on an ongoing basis and adjusted, as needed, using historical experience and other factors, including consideration of the macroeconomic environment. As future events and their effects cannot be forecast with precision, actual results could differ significantly from these estimates. Changes in estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods. Cash and Cash Equivalents Cash and cash equivalents generally consist of cash and highly liquid investments with an original maturity of three months or less. Included in the accompanying consolidated balance sheets as of December 31, 2019 and 2018 is cash and cash equivalents of $70.5 million and $155.2 million, respectively, from consolidated funds and other entities, which are not available for general corporate use. We also manage certain cash and cash equivalents as an agent for our investment and property and facilities management clients. These amounts are not included in the accompanying consolidated balance sheets (see Fiduciary Funds Restricted Cash Included in the accompanying consolidated balance sheets as of December 31, 2019 and 2018 is restricted cash of $122.0 million and $86.7 million, respectively. The balances primarily include restricted cash set aside to cover funding obligations as required by contracts executed by us in the ordinary course of business. Fiduciary Funds The accompanying consolidated balance sheets do not include the net assets of escrow, agency and fiduciary funds, which are held by us on behalf of clients and which amounted to $6.1 billion and $5.9 billion at December 31, 2019 and 2018, respectively. Concentration of Credit Risk Financial instruments that potentially subject us to credit risk consist principally of trade receivables and interest-bearing investments. Users of real estate services account for a substantial portion of trade receivables and collateral is generally not required. The risk associated with this concentration is limited due to the large number of users and their geographic dispersion. We place substantially all of our interest-bearing investments with several major financial institutions to limit the amount of credit exposure with any one financial institution. Property and Equipment Property and equipment, which includes leasehold improvements, is stated at cost, net of accumulated depreciation. Depreciation and amortization of property and equipment is computed primarily using the straight-line method over estimated useful lives ranging up to 10 years. Leasehold improvements are amortized over the term of their associated leases, excluding options to renew, since such leases generally do not carry prohibitive penalties for non-renewal. We capitalize expenditures that significantly increase the life of our assets and expense the costs of maintenance and repairs. We review property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If this review indicates that such assets are considered to be impaired, the impairment is recognized in the period the changes occur and represents the amount by which the carrying value exceeds the fair value of the asset. Certain costs related to the development or purchase of internal-use software are capitalized. Internal-use software costs that are incurred in the preliminary project stage are expensed as incurred. Significant direct consulting costs and certain payroll and related costs, which are incurred during the development stage of a project are generally capitalized and amortized over a three-year Real Estate Classification and Impairment Evaluation We classify real estate in accordance with the criteria of the “ Property, Plant and Equipment Real estate held for sale is recorded at the lower of cost or fair value less cost to sell. If an asset’s fair value less cost to sell, based on discounted future cash flows, management estimates or market comparisons, is less than its carrying amount, an allowance is recorded against the asset. Real estate under development and real estate held for investment are carried at cost less depreciation, as applicable. Buildings and improvements included in real estate held for investment are depreciated using the straight-line method over estimated useful lives, generally up to 39 years. Tenant improvements included in real estate held for investment are amortized using the straight-line method over the shorter of their estimated useful lives or terms of the respective leases. Land improvements included in real estate held for investment are depreciated over their estimated useful lives, up to 15 years. A summary of our real estate assets is as follows (dollars in thousands): December 31, 2019 2018 Real estate under development, current (included in other current assets) $ 14,757 $ — Real estate and other assets held for sale (included in other current assets) 5,066 24 Real estate under development 185,508 4,586 Real estate held for investment (included in other assets, net) 8,101 9,923 Total real estate $ 213,432 $ 14,533 Real estate under development and real estate held for investment are evaluated for impairment and losses are recorded when undiscounted cash flows estimated to be generated by an asset are less than the asset’s carrying amount. The amount of the impairment loss, if any, is calculated as the excess of the asset’s carrying value over its fair value, which is determined using a discounted cash flow analysis, management estimates or market comparisons. Cost Capitalization and Allocation When acquiring, developing and constructing real estate assets, we capitalize recoverable costs. Capitalization begins when the activities related to development have begun and ceases when activities are substantially complete and the asset is available for occupancy. Recoverable costs capitalized include pursuit costs, or pre-acquisition/pre-construction costs, taxes and insurance, interest, development and construction costs and costs of incidental operations. We do not capitalize any internal costs when acquiring, developing and constructing real estate assets. We expense transaction costs for acquisitions that qualify as a business in accordance with the “ Business Combinations At times, we purchase bulk land that we intend to sell or develop in phases. The land basis allocated to each phase is based on the relative estimated fair value of the phases before construction. We allocate construction costs incurred relating to more than one phase between the various phases; if the costs cannot be specifically attributed to a certain phase or the improvements benefit more than one phase, we allocate the costs between the phases based on their relative estimated sales values, where practicable, or other value methods as appropriate under the circumstances. Relative allocations of the costs are revised as the sales value estimates are revised. When acquiring real estate with existing buildings, we allocate the purchase price between land, land improvements, building and intangibles related to in-place leases, if any, based on their relative fair values. The fair values of acquired land and buildings are determined based on an estimated discounted future cash flow model with lease-up assumptions as if the building was vacant upon acquisition. The fair value of in-place leases includes the value of lease intangibles for above or below-market rents and tenant origination costs, determined on a lease by lease basis. The capitalized values for both lease intangibles and tenant origination costs are amortized over the term of the underlying leases. Amortization related to lease intangibles is recorded as either an increase to or a reduction of rental income and amortization for tenant origination costs is recorded to amortization expense. Disposition of Real Estate We account for gains and losses on the sale of real estate and other nonfinancial assets or in substance nonfinancial assets to noncustomers that are not a output of our ordinary activities and are not a business in accordance with Topic 610-20, “Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets” We may also dispose of real estate through the transfer of a long-term leasehold representing a major part of the remaining economic life of the property. We account for these transfers as sales-type leases in accordance with the “ Lease Goodwill and Other Intangible Assets Our acquisitions require the application of purchase accounting, which results in tangible and identifiable intangible assets and liabilities of the acquired entity being recorded at fair value. The difference between the purchase price and the fair value of net assets acquired is recorded as goodwill. The majority of our goodwill balance has resulted from our acquisition of CBRE Services, Inc. (CBRE Services) in 2001 (the 2001 Acquisition), our acquisition of Insignia Financial Group, Inc. (Insignia) in 2003 (the Insignia Acquisition), our acquisition of the Trammell Crow Company in 2006 (the Trammell Crow Company Acquisition), our acquisition of substantially all of the ING Group N.V. (ING) Real Estate Investment Management (REIM) operations in Europe and Asia, as well as substantially all of Clarion Real Estate Securities (CRES) in 2011 (collectively referred to as the REIM Acquisitions), our acquisition of Norland Managed Services Ltd (Norland) in 2013 (the Norland Acquisition), our acquisition of Johnson Controls, Inc. (JCI)’s Global Workplace Solutions (JCI-GWS) business in 2015, our acquisition of FacilitySource Holdings, LLC (FacilitySource) in 2018 and our acquisition of Telford Homes Plc (Telford) on October 1, 2019 amortized include certain management contracts identified in the REIM Acquisitions, a trademark, which was separately identified as a result of the 2001 Acquisition, as well as a trade name separately identified as a result of the REIM Acquisitions. The remaining other intangible assets primarily include customer relationships, mortgage servicing rights and trade names/trademarks , which are all being amortized over estimated useful lives ranging up to 20 years . We are required to test goodwill and other intangible assets deemed to have indefinite useful lives for impairment at least annually, or more often if circumstances or events indicate a change in the impairment status, in accordance with FASB ASC Topic 350, “ Intangibles – Goodwill and Other Deferred Financing Costs Costs incurred in connection with financing activities are generally deferred and amortized over the terms of the related debt agreements ranging up to ten years. D ebt issuance costs related to a recognized debt liability are presented in the accompanying consolidated balance sheets as a direct deduction from the carrying amount of that debt liability. Accounting Standards Update (ASU) 2015-15, “Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements” permits classifying debt issuance costs associated with a line of credit arrangement as an asset, regardless of whether there are any outstanding borrowings on the arrangement. During 2019, we entered into an additional incremental assumption agreement with respect to our credit agreement which: (i) extended the maturity of the U.S. dollar tranche A term loans, (ii) extended the termination date of the revolving credit commitments available and (iii) made certain changes to the interest rates and fees applicable to such tranche A term loans and revolving credit commitments. During the year ended December 31, 2019, we incurred approximately $5.8 million of financing costs, of which $2.6 million were included in write-off of financing costs on extinguished debt in the accompanying consolidated statements of operations. During 2018, we redeemed in full our $800.0 million aggregate outstanding principal amount of 5.00% senior notes. In connection with this early redemption, we incurred costs, including a $20.0 million premium paid and the write-off of $8.0 million of unamortized deferred financing costs, both of which were included in write-off of financing costs on extinguished debt in the accompanying consolidated statements of operations. Additionally, during 2018, we entered into an incremental term loan assumption agreement with respect to our credit agreement in connection with which we incurred approximately $1.6 million of financing costs. During 2017, we entered into a credit agreement in connection with which we incurred approximately $8.0 million of financing costs. See Note 11 for additional information on activities associated with our debt. Revenue Recognition We account for revenue with customers in accordance with FASB ASC Topic, “ Revenue from Contracts with Customers Other Assets and Deferred Costs – Contracts with Customers The following is a description of principal activities – separated by reportable segments – from which we generate revenue. For more detailed information about our reportable segments, see Notes 18 and 19. Advisory Services Our Advisory Services segment provides a comprehensive range of services globally, including property leasing, property sales, mortgage services, property management, project management services and valuation services. Property Leasing and Property Sales We provide strategic advice and execution for owners, investors, and occupiers of real estate in connection with the leasing of office, industrial and retail space. We also offer clients fully integrated property sales services under the CBRE Capital Markets brand. We are compensated for our services in the form of a commission and, in some instances may earn various forms of variable incentive consideration. Our commission is paid upon the occurrence of certain contractual event(s) which may be contingent. For example, a portion of our leasing commission may be paid upon signing of the lease by the tenant, with the remaining paid upon occurrence of another future contingent event (e.g. payment of first month’s rent or tenant move-in). For leases, we typically satisfy our performance obligation at a point in time when control is transferred; generally, at the time of the first contractual event where there is a present right to payment. We look to history, experience with a customer, and deal specific considerations as part of the most likely outcome estimation approach to support our judgement that the second contingency (if applicable) will be met. Therefore, we typically accelerate the recognition of the revenue associated with the second contingent event. For sales, our commission is typically paid at the closing of the sale, which represents transfer of control for services to the customer. In addition to our commission, we may recognize other forms of variable consideration which can include, but are not limited to, commissions subject to concession or claw back and volume based discounts or rebates. We assess variable consideration on a contract by contract basis, and when appropriate, recognize revenue based on our assessment of the outcome (using the most likely outcome approach or weighted probability) and historical results, if comparable and representative. We recognize variable consideration if it is deemed probable that there will not be significant reversal in the future. Mortgage Originations and Loan Sales We offer clients commercial mortgage and structured financing services. Fees from services within our mortgage brokerage business that are in the scope of Topic 606 include fees earned for the brokering of commercial mortgage loans primarily through relationships established with investment banking firms, national and regional banks, credit companies, insurance companies and pension funds. We are compensated for our brokerage services via a fee paid upon successful placement of a commercial mortgage borrower with a lender who will provide financing. The fee earned is contingent upon the funding of the loan, which represents the transfer of control for services to the customer. Therefore, we typically satisfy our performance obligation at the point in time of the funding of the loan. We also earn fees from the origination and sale of commercial mortgage loans for which the company retains the servicing rights. These fees are governed by the “ Fair Value Measurements and Disclosures Transfers and Servicing sale, the fair value of the mortgage servicing rights (MSR) to be retained is included in the forecasted proceeds from the anticipated loan sale and results in a net gain (which is reflected in revenue). Upon sale, we record a servicing asset or liability based on the fair value of the retained MSR associated with the transferred loan. Subsequent to the initial recording, MSRs are amortized and carried at the lower of amortized cost or fair value in other intangible assets in the accompanying consolidated balance sheets. They are amortized in proportion to and over the estimated period that the servicing income is expected to be received. Property Management and Project Management Services We provide property management services on a contractual basis for owners of and investors in office, industrial and retail properties. These services include construction management, marketing, building engineering, accounting and financial services. We are compensated for our services through a monthly management fee earned based on either a specified percentage of the monthly rental income, rental receipts generated from the property under management or a fixed fee. We are also often reimbursed for our administrative and payroll costs directly attributable to the properties under management. Property management services represent a series of distinct daily services rendered over time. Consistent with the transfer of control for distinct, daily services to the customer, revenue is recognized at the end of each period for the fees associated with the services performed. The amount of revenue recognized is presented gross for any services provided by our employees, as we control them. We generally do not control third-party services delivered to property management clients. As such, we report revenues net of third-party reimbursements. Project management services are often provided on a portfolio wide or programmatic basis. Revenues from project management services generally include fixed management fees, variable fees, and incentive fees if certain agreed-upon performance targets are met. Revenues from project management may also include reimbursement of payroll and related costs for personnel providing the services and subcontracted vendor costs. Project management services represent a series of distinct daily services rendered over time. Consistent with the transfer of control for distinct, daily services to the customer, revenue is typically recognized at the end of each period for the fees associated with the services performed. The amount of revenue recognized is presented gross for any services provided by our employees, as we control them. This is evidenced by our obligation for their performance and our ability to direct and redirect their work, as well as negotiate the value of such services. The amount of revenue recognized related to certain project management arrangements is presented gross (with offsetting expense recorded in cost of revenue) for reimbursements of costs of third-party services because we control those services that are delivered to the client. In the instances where we do not control third-party services delivered to the client, we report revenues net of the third-party reimbursements. In addition to our management fee, we receive various types of variable consideration which can include, but is not limited to; key performance indicator bonuses or penalties which may be linked to subcontractor performance, gross maximum price, glidepaths, savings guarantees, shared savings, or fixed fee structures. We assess variable consideration on a contract by contract basis, and when appropriate, recognize revenue based on our assessment of the outcome (using the most likely outcome approach or weighted probability) and historical results, if comparable and representative. Using management assessment, historical results and statistics, we recognize revenue if it is deemed probable there will not be significant reversal in the future. Valuation Services We provide valuation services that include market-value appraisals, litigation support, discounted cash flow analyses, feasibility studies as well as consulting services such as property condition reports, hotel advisory and environmental consulting. We are compensated for valuation services in the form of a fee, which is payable on the occurrence of certain events (e.g., a portion on the delivery of a draft report with the remaining on the delivery of the final report). For consulting services, we may be paid based on the occurrence of time or event-based milestones (such as the delivery of draft reports). We typically satisfy our performance obligation for valuation services as services are rendered over time. Global Workplace Solutions Our Global Workplace Solutions segment provides a broad suite of integrated, contractually-based outsourcing services globally for occupiers of real estate, including facilities management, project management and transaction services. Facilities Management and Project Management Services Facilities management involves the day-to-day management of client-occupied space and includes headquarter buildings, regional offices, administrative offices, data centers and other critical facilities, manufacturing and laboratory facilities, distribution facilities and retail space. Contracts for facilities management services are often structured so we are reimbursed for client-dedicated personnel costs and subcontracted vendor costs as well as associated overhead expenses plus a monthly fee, and, in some cases, annual incentives tied to agreed-upon performance targets, with any penalties typically capped. In addition, we have contracts for facilities management services based on fixed fees or guaranteed maximum prices. Fixed fee contracts are typically structured where an agreed upon scope of work is delivered for a fixed price while guaranteed maximum price contracts are structured with an agreed upon scope of work that will be provided to the client for a not to exceed price. Facilities management services represent a series of distinct daily services rendered over time. Consistent with the transfer of control for distinct, daily services to the customer, revenue is typically recognized at the end of each period for the fees associated with the services performed. Project management services are often provided on a portfolio wide or programmatic basis. Revenues from project management services generally includes fixed management fees, variable fees, and incentive fees if certain agreed-upon performance targets are met. Revenues from project management may also include reimbursement of payroll and related costs for personnel providing the services and subcontracted vendor costs. Project management services represent a series of distinct daily services rendered over time. Consistent with the transfer of control for distinct, daily services to the customer, revenue is typically recognized at the end of each period for the fees associated with the services performed. The amount of revenue recognized is presented gross for any services provided by our employees, as we control them. This is evidenced by our obligation for their performance and our ability to direct and redirect their work, as well as negotiate the value of such services. The amount of revenue recognized related to the majority of facilities management contracts and certain project management arrangements is presented gross (with offsetting expense recorded in cost of revenue) for reimbursements of costs of third-party services because we control those services that are delivered to the client. In the instances when we do not control third-party services delivered to the client, we report revenues net of the third-party reimbursements. In addition to our management fee, we receive various types of variable consideration which can include, but is not limited to; key performance indicator bonuses or penalties which may be linked to subcontractor performance, gross maximum price, glidepaths, savings guarantees, shared savings, or fixed fee structures. We assess variable consideration on a contract by contract basis, and when appropriate, recognize revenue based on our assessment of the outcome (using the most likely outcome approach or weighted probability) and historical results, if comparable and representative. Using management assessment, historical results and statistics, we recognize revenue if it is deemed probable there will not be significant reversal in the future. Transaction Services We provide strategic advice and execution for occupiers of real estate in connection with the leasing, sale or acquisition of office, industrial and retail space. Within the Global Workplace Solutions business, transaction services are performed for account-based clients, often as a key part of an integrated suite of commercial real estate services (with leasing being the most meaningful revenue stream included in our Global Workplace Solutions revenue). Similar to the transact

New Accounting Pronouncements

New Accounting Pronouncements	12 Months Ended
	Dec. 31, 2019
Accounting Changes And Error Corrections [Abstract]
New Accounting Pronouncements	3. New Accounting Pronouncements Recently Adopted Accounting Pronouncements The FASB previously issued six ASUs related to leases. The ASUs issued were: (1) in February 2016, ASU 2016-02, “ Leases (Topic 842) Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842 Codification Improvements to Topic 842, Leases Targeted Improvements Leases (Topic 842): Narrow-Scope Improvements for Lessors Leases (Topic 842): Codification Improvements. We adopted these ASUs in the first quarter of 2019 by using the optional transitional method associated with no adjustment to comparative period financial statements presented for prior periods As a result of the adoption of the leasing guidance, the consolidated balance sheet as of January 1, 2019 reflected $1.2 billion of additional lease liabilities, along with corresponding right-of-use assets of $1.0 billion, reflecting adjustments for items such as prepaid and deferred rent, unamortized initial direct costs, and unamortized lease incentive balances. The adoption of the leasing guidance did not have a material impact on our consolidated statements of operations. As of January 1, 2019, we account for leases in accordance with Topic 842. The present value of lease payments, which are either fixed payments, in-substance fixed payments, or variable payments tied to an index or rate are recognized on the balance sheet with corresponding lease liabilities and right-of-use assets upon the commencement of the lease. These lease costs are expensed over the respective lease term in accordance with the classification of the lease (i.e. operating versus finance classification). Variable lease payments not tied to an index or rate are expensed as incurred and not subject to capitalization . Recent Accounting Pronouncements Pending Adoption The FASB issued four ASUs related to financial instruments – credit losses. The ASUs issued were: (1) in June 2016, ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” “Codification Improvements to Topic 326, Financial Instruments—Credit Losses” Financial Instruments – Credit Losses (Topic 326): Targeted Transition Relief” “Codification Improvements to Topic 326, Financial Instruments—Credit Losses.” Financial Instruments—Credit Losses—Measured at Amortized Cost Financial Instruments—Overall In August 2018, the FASB issued ASU 2018‑14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.” In November 2018, the FASB issued ASU 2018‑18, “Collaborative Arrangements (Topic 808): Clarifying the Interaction Between Topic 808 and Topic 606.” In April 2019, the FASB issued ASU 2019‑04, “Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments.” on our consolidated financial statements and related disclosures. We have completed our evaluation of the amendments in this ASU that are related to financial instruments – credit losses and concluded they will not have a material impact on our consolidated financial statements and related disclosures. In December 2019, the FASB issued ASU 2019‑12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes.” In January 2020, the FASB issued ASU 2020‑01, “Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)—Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.”

Telford Acquisition

Telford Acquisition	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Telford Acquisition	4. Telford Acquisition On October 1, 2019, we acquired Telford to expand our real estate development business outside of the U.S. (Telford Acquisition). A leading developer of multifamily residential properties in the London area, Telford is reported in our Real Estate Investments segment. Telford shareholders received £3.50 per share in cash, valuing Telford at £267.1 million, or $328.5 million as of the acquisition date. The Telford Acquisition was funded with borrowings under our revolving credit facility. The following represents a summary of the excess purchase price over the estimated fair value of net assets acquired (dollars in thousands): Estimated purchase price $ 328,502 Less: Estimated fair value of net assets acquired (see table below) 297,669 Excess purchase price over estimated fair value of net assets acquired $ 30,833 The preliminary purchase accounting related to the Telford Acquisition has been recorded in the accompanying consolidated financial statements. The excess purchase price over the estimated fair value of net assets acquired has been recorded to goodwill. The goodwill arising from the Telford Acquisition consists largely of the synergies and economies of scale expected from combining the operations acquired from Telford with ours. We are currently assessing if any portion of the goodwill recorded in connection with the Telford Acquisition will be deductible for tax purposes, but do not expect any tax deductible goodwill to be significant. Given the complexity of the transaction, the calculation of the fair value of certain assets and liabilities acquired, primarily intangibles, real estate assets and income tax items, is still preliminary. The purchase price allocation is expected to be completed as soon as practicable, but no later than one year from the acquisition date. The following table summarizes the aggregate estimated fair values of the assets acquired and the liabilities assumed in the Telford Acquisition (dollars in thousands): Assets Acquired: Cash and cash equivalents $ 7,896 Receivables 6,993 Contract assets, current 31,850 Prepaid expenses 2,704 Property and equipment 2,637 Other intangible assets 26,749 Operating lease assets 6,488 Investments in unconsolidated subsidiaries 79,667 Non-current contract assets 8,015 Real estate under development 208,402 Deferred tax assets, net 2,857 Other assets (current and non-current) 99,429 Total assets acquired 483,687 Liabilities Assumed: Accounts payable and accrued expenses 47,552 Compensation and employee benefits payable 1,580 Accrued bonus 3,274 Operating lease liabilities 941 Contract liabilities, current 1,949 Income taxes payable 1,813 Line of credit 110,687 Non-current operating lease liabilities 5,547 Other liabilities (current and non-current) 12,675 Total liabilities assumed 186,018 Estimated Fair Value of Net Assets Acquired $ 297,669 In connection with the Telford Acquisition, below is a summary of the preliminary estimate of the trademark acquired (dollars in thousands): As of December 31, 2019 Asset Class Amortization Period Amount Assigned at Acquisition Date Accumulated Amortization and Foreign Currency Translation Net Carrying Value Trademark 20 years $ 26,749 $ 1,725 $ 28,474 Upon close of the Telford Acquisition, we immediately repaid the line of credit assumed from Telford. The accompanying consolidated statement of operations for the year ended December 31, 2019 includes revenue, operating income and operational net income of $97.5 million, $1.0 million and $1.4 million, respectively, attributable to the Telford Acquisition. This does not include direct transaction and integration costs of $15.0 million and amortization expense of $0.4 million related to the trademark acquired, all of which were incurred during the year ended December 31, 2019 in connection with the Telford Acquisition. Unaudited pro forma results, assuming the Telford Acquisition had occurred as of January 1, 2018 for purposes of the pro forma disclosures for the years ended December 31, 2019 and 2018 are presented below. They include certain adjustments for increased amortization expense related to the trademark acquired (approximately $1.0 million and $1.5 million in 2019 and 2018, respectively) as well as increased interest expense (approximately $4.1 million in 2018) associated with borrowings under our revolving credit facility used to fund the acquisition. Pro forma adjustments also include the removal of $15.0 million of direct costs incurred by us during the year ended December 31, 2019 as well as the tax impact of all pro forma adjustments for all periods presented. These unaudited pro forma results have been prepared for comparative purposes only and do not purport to be indicative of what operating results would have been had the Telford Acquisition occurred on January 1, 2018 and may not be indicative of future operating results (dollars in thousands, except share data): Year Ended December 31, 2019 2018 Revenue $ 24,158,427 $ 21,803,506 Operating income 1,294,480 1,157,051 Net income attributable to CBRE Group, Inc. 1,321,097 1,121,469 Basic income per share: Net income per share attributable to CBRE Group, Inc. $ 3.93 $ 3.31 Weighted average shares outstanding for basic income per share 335,795,654 339,321,056 Diluted income per share: Net income per share attributable to CBRE Group, Inc. $ 3.88 $ 3.27 Weighted average shares outstanding for diluted income per share 340,522,871 343,122,741

Warehouse Receivables & Warehou

Warehouse Receivables & Warehouse Lines of Credit	12 Months Ended
	Dec. 31, 2019
Warehouse Receivables And Warehouse Lines Of Credit [Abstract]
Warehouse Receivables & Warehouse Lines of Credit	5. Warehouse Receivables & Warehouse Lines of Credit A rollforward of our warehouse receivables is as follows (dollars in thousands): Beginning balance at December 31, 2018 $ 1,342,468 Origination of mortgage loans 19,389,979 Gains (premiums on loan sales) 64,002 Proceeds from sale of mortgage loans: Sale of mortgage loans (19,741,058 ) Cash collections of premiums on loan sales (64,002 ) Proceeds from sale of mortgage loans (19,805,060 ) Net increase in mortgage servicing rights included in warehouse receivables 1,669 Ending balance at December 31, 2019 $ 993,058 The following table is a summary of our warehouse lines of credit in place as of December 31, 2019 and 2018 (dollars in thousands): December 31, 2019 December 31, 2018 Lender Current Maturity Pricing Maximum Facility Size Carrying Value Maximum Facility Size Carrying Value JP Morgan Chase Bank, N.A. (JP Morgan) (1) 10/19/2020 daily one-month LIBOR plus 1.30% $ 985,000 $ 267,075 $ 985,000 $ 871,680 JP Morgan (1) 10/19/2020 daily one-month LIBOR plus 2.75% 15,000 — 15,000 — Capital One, N.A. (Capital One) 7/27/2020 daily one-month LIBOR plus 1.25% 200,000 $ 39,538 325,000 120,195 Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program (2) Cancelable anytime daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35% 450,000 360,784 450,000 149,089 TD Bank, N.A. (TD Bank) (3) 6/30/2020 daily one-month LIBOR plus 1.15% 800,000 92,266 400,000 165,945 Bank of America, N.A. (BofA) 5/27/2020 daily one-month LIBOR plus 1.20% 350,000 189,465 — — BofA 5/27/2020 daily one-month LIBOR plus 1.15% 250,000 17,457 200,000 — BofA 6/4/2019 daily one-month LIBOR plus 1.30% — — 225,000 21,852 MUFG Union Bank, N.A. (Union Bank) (4) 6/28/2020 daily one-month LIBOR plus 1.20% 350,000 10,590 — — $ 3,400,000 $ 977,175 $ 2,600,000 $ 1,328,761 (1) Effective October 21, 2019, we amended this facility which extended the maturity date until October 19, 2020. (2) Effective February 6, 2020, the maximum facility size was temporarily increased from $450.0 million to $600.0 million, and will revert back to $450.0 million on March 1, 2020. (3) Effective July 1, 2019, this facility was amended with a revised interest rate of daily one-month LIBOR plus 1.15% and a maturity date of June 30, 2020. Effective August 1, 2019, this facility contained an accordion feature which provided for a temporary increase to $800.0 million, if needed, and expired on February 1, 2020. The temporary increase was never requested. (4) On June 28, 2019, we added a new warehouse facility for $200.0 million with Union Bank. This facility contains an accordion feature which allows for temporary increases not to exceed an additional $150.0 million. If utilized, the additional borrowings must be in predefined multiples and are not to occur more than three times within twelve consecutive months. Since inception, no short-term temporary increases have been requested. During the year ended December 31, 2019, we had a maximum of $2.5 billion of warehouse lines of credit principal outstanding.

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	12 Months Ended
	Dec. 31, 2019
Equity Method Investments And Joint Ventures [Abstract]
Variable Interest Entities (VIEs)	6. Variable Interest Entities (VIEs) We hold variable interests in certain VIEs in our Real Estate Investments segment which are not consolidated as it was determined that we are not the primary beneficiary. Our involvement with these entities is in the form of equity co-investments and fee arrangements. As of December 31, 2019 and 2018, our maximum exposure to loss related to the VIEs which are not consolidated was as follows (dollars in thousands): December 31, 2019 2018 Investments in unconsolidated subsidiaries $ 30,484 $ 23,266 Other current assets 4,307 3,827 Co-investment commitments 29,696 22,363 Maximum exposure to loss $ 64,487 $ 49,456

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	7 . Fair Value Measurements Topic 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Topic 820 also establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: • Level 1 – Quoted prices in active markets for identical assets or liabilities. • Level 2 – Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The following tables present the fair value of assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 and 2018 (dollars in thousands): As of December 31, 2019 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 6,998 $ — $ — $ 6,998 Debt securities issued by U.S. federal agencies — 10,639 — 10,639 Corporate debt securities — 29,098 — 29,098 Asset-backed securities — 5,152 — 5,152 Collateralized mortgage obligations — 2,222 — 2,222 Total available for sale debt securities 6,998 47,111 — 54,109 Equity securities 51,399 — — 51,399 Warehouse receivables — 993,058 — 993,058 Total assets at fair value $ 58,397 $ 1,040,169 $ — $ 1,098,566 As of December 31, 2018 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 3,138 $ — $ — $ 3,138 Debt securities issued by U.S. federal agencies — 11,196 — 11,196 Corporate debt securities — 27,201 — 27,201 Asset-backed securities — 5,017 — 5,017 Collateralized mortgage obligations — 2,224 — 2,224 Total available for sale debt securities 3,138 45,638 — 48,776 Equity securities 153,762 — — 153,762 Warehouse receivables — 1,342,468 — 1,342,468 Total assets at fair value $ 156,900 $ 1,388,106 $ — $ 1,545,006 Liabilities Interest rate swaps $ — $ 1,070 $ — $ 1,070 Securities sold, not yet purchased 3,133 — — 3,133 Total liabilities at fair value $ 3,133 $ 1,070 $ — $ 4,203 The following non-recurring fair value measurement was recorded for the year ended December 31, 2019 (dollars in thousands): Net Carrying Value as of Fair Value Measured and Recorded Using Total Impairment Charges for the Year Ended December 31, 2019 Level 1 Level 2 Level 3 December 31, 2019 Other intangible assets $ 14,753 $ — $ — $ 14,753 $ 89,787 During the year ended December 31, 2019, we recorded an intangible asset impairment of $89.8 million in our Real Estate Investments segment. Such impairment charge was included as a separate line item in the accompanying consolidated statements of operations. This non-cash write-off resulted from a review of the anticipated cash flows and the decrease in assets under management in our public securities business driven in part by continued industry-wide shift in investor preference for passive investment programs. generally based upon a discounted cash flow approach. Inputs used in such evaluation included risk-free rates of return, estimated risk premiums as well as other economic variables. During the year ended December 31, 2018, we recorded a gain of $100.4 million associated with remeasuring our 50% investment in a previously unconsolidated subsidiary in New England to fair value as of the date we acquired the remaining 50% controlling interest. Fair value of this investment in our unconsolidated subsidiary as of the acquisition date was $110.1 million, based upon the purchase price paid for the remaining 50% interest acquired, excluding the estimated control premium paid, which falls under Level 3 of the fair value hierarchy. Such gain was reflected in other income in our Advisory Services segment in the accompanying consolidated statements of operations for the year ended December 31, 2018. There were no significant non-recurring fair value measurements recorded during the year ended December 31, 2017. The fair values of the warehouse receivables are primarily calculated based on already locked in purchase prices. At December 31, 2019 and 2018, all of the warehouse receivables included in the accompanying consolidated balance sheets were either under commitment to be purchased by Freddie Mac or had confirmed forward trade commitments for the issuance and purchase of Fannie Mae or Ginnie Mae mortgage backed securities that will be secured by the underlying loans (See Notes 2 and 5). These assets are classified as Level 2 in the fair value hierarchy as a substantial majority of inputs are readily observable. Fair value measurements for our available for sale debt securities are obtained from independent pricing services which utilize observable market data that may include quoted market prices, dealer quotes, market spreads, cash flows, the U.S. treasury yield curve, trading levels, market consensus prepayment speeds, credit information and the instrument's terms and conditions. The equity securities and securities sold, not yet purchased are primarily in the U.S. and are generally valued at the last reported sales price on the day of valuation or, if no sales occurred on the valuation date, at the mean of the bid and asked prices on such date. FASB ASC Topic 825, “ Financial Instruments • Cash and Cash Equivalents and Restricted Cash – These balances include cash and cash equivalents as well as restricted cash with maturities of less than three months. The carrying amount approximates fair value due to the short-term maturities of these instruments. • Receivables, less Allowance for Doubtful Accounts – Due to their short-term nature, fair value approximates carrying value. • Warehouse Receivables – These balances are carried at fair value. The primary source of value is either a contractual purchase commitment from Freddie Mac or a confirmed forward trade commitment for the issuance and purchase of a Fannie Mae or Ginnie Mae MBS (see Notes 2 and 5). • Available For Sale Debt Securities – These investments are carried at their fair value. • Equity Securities – These investments are carried at their fair value. • Securities Sold, not yet Purchased – These liabilities are carried at their fair value. • Short-Term Borrowings – This balance primarily represents outstanding amounts under our warehouse lines of credit of our wholly-owned subsidiary, CBRE Capital Markets. Due to the short-term nature and variable interest rates of these instruments, fair value approximates carrying value (see Notes 5 and 11). • Senior Term Loans – Based upon information from third-party banks (which falls within Level 2 of the fair value hierarchy), the estimated fair value of our senior term loans was approximately $745.5 million and $757.0 million at December 31, 2019 and 2018, respectively. Their actual carrying value, net of unamortized debt issuance costs, totaled $ 744.6 million and $ 751.3 million at December 31, 201 9 and 201 8 , respectively (see Note 11 ). • Interest Rate Swaps – These liabilities are carried at their fair value as calculated by using widely-accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative (see Note 11). • Senior Notes – Based on dealers’ quotes (which falls within Level 2 of the fair value hierarchy), the estimated fair values of our 4.875 and $478.3 million, respectively, at December 31, 2019 and $616.4 million and $443.7 million, respectively, at December 31, 2018. The actual carrying value of our 4.875 $592.8 million and $422.7 million, respectively, at December 31, 2018. • Notes Payable on Real Estate – As of December 31, 2019 and 2018, the carrying value of our notes payable on real estate, net of unamortized debt issuance costs, was $13.1 million and $6.3 million, respectively. These notes payable were not recourse to CBRE Group, Inc., except for being recourse to the single-purpose entities that held the real estate assets and were the primary obligors on the notes payable. These borrowings have either fixed interest rates or floating interest rates at spreads added to a market index. Although it is possible that certain portions of our notes payable on real estate may have fair values that differ from their carrying values, based on the terms of such loans as compared to current market conditions, or other factors specific to the borrower entity, we do not believe that the fair value of our notes payable is significantly different than their carrying value.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Property and Equipment	8. Property and Equipment Property and equipment consists of the following (dollars in thousands): December 31, Useful Lives 2019 2018 Computer hardware and software 2-10 years $ 1,011,704 $ 848,955 Leasehold improvements 1-15 years 551,049 472,952 Furniture and equipment 1-10 years 344,351 307,812 Total cost 1,907,104 1,629,719 Accumulated depreciation and amortization (1,070,898 ) (908,027 ) Property and equipment, net $ 836,206 $ 721,692 Depreciation and amortization expense associated with property and equipment was $207.8 million, $192.8 million and $166.0 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	9. Goodwill and Other Intangible Assets On August 17, 2018, we announced a new organizational structure that became effective on January 1, 2019. Under the new structure, we organize our operations around, and publicly report our financial results on, three global business segments: (1) Advisory Services; (2) Global Workplace Solutions and (3) Real Estate Investments (see Note 19). In connection with this change, we reassessed our reporting units as of January 1, 2019. As a result, we have reassigned the goodwill balance to reflect our new segment structure using a relative fair value allocation approach. Under this approach, the fair value of each impacted reporting unit was determined using a combination of the income approach and the market approach and was compared to the goodwill of the impacted regional segments immediately prior to the reorganization to arrive at the reassigned goodwill balance. We are required to test goodwill for impairment at least annually, or more often if circumstances or events indicate there may be a change in the impairment status, in accordance with Topic 350. We considered the change to our reportable segments and the resulting change in our identified reporting units to be a triggering event that required testing of our goodwill for impairment as of January 1, 2019. We elected to perform a quantitative test using a discounted cash flow approach to estimate the fair value of our reporting units. Management’s judgment is required in developing the assumptions for the discounted cash flow model. These assumptions include revenue growth rates, profit margin percentages, discount rates, etc. When we performed our goodwill impairment review as of January 1, 2019, we determined that no impairment existed as the estimated fair value of each of our reporting units was in excess of their carrying value. Our annual assessment of goodwill and other intangible assets deemed to have indefinite lives has historically been completed as of the beginning of the fourth quarter of each year. We performed the 2019, 2018 and 2017 annual assessments as of October 1. When we performed our required annual goodwill impairment review as of October 1, 2019, 2018 and 2017, we determined that no impairment existed as the estimated fair value of our reporting units was in excess of their carrying value. The following table summarizes the changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 (dollars in thousands): Advisory Services Global Workplace Solutions Real Estate Investments Total Balance as of December 31, 2017 Goodwill $ 3,107,787 $ 623,355 $ 592,104 $ 4,323,246 Accumulated impairment losses (761,448 ) (175,473 ) (131,585 ) (1,068,506 ) 2,346,339 447,882 460,519 3,254,740 Purchase accounting entries related to acquisitions 188,071 288,243 (5,110 ) 471,204 Foreign exchange movement (25,904 ) (36,028 ) (11,703 ) (73,635 ) Balance as of December 31, 2018 Goodwill 3,269,954 875,570 575,291 4,720,815 Accumulated impairment losses (761,448 ) (175,473 ) (131,585 ) (1,068,506 ) 2,508,506 700,097 443,706 3,652,309 Purchase accounting entries related to acquisitions 29,544 7,657 42,176 79,377 Foreign exchange movement 2,720 16,279 2,808 21,807 Balance as of December 31, 2019 Goodwill 3,302,218 899,506 620,275 4,821,999 Accumulated impairment losses (761,448 ) (175,473 ) (131,585 ) (1,068,506 ) $ 2,540,770 $ 724,033 $ 488,690 $ 3,753,493 In the fourth quarter of 2019, we completed the Telford Acquisition (see Note 4). Additionally, during 2019, we completed eight in-fill acquisitions: a leading advanced analytics software company based in the U.K., a commercial and residential real estate appraisal firm headquartered in Florida, our former affiliate in Omaha, a project management firm in Australia, a valuation and consulting business in Switzerland, a leading project management firm in Israel, a full-service real estate firm in San Antonio with a focus on retail, office, medical office and land, and a debt-focused real estate investment management business in the U.K. On June 12, 2018, we acquired FacilitySource through a stock purchase and merger agreement with its stockholders, including FacilitySource Holdings, LLC, WP X Finance, LP and Warburg Pincus X Partners, LP (FacilitySource Acquisition). FacilitySource, which is reported in our Global Workplace Solutions segment, was acquired to help us build a tech-enabled supply chain capability for the occupier outsourcing industry, which would drive meaningfully differentiated outcomes for leading occupiers of real estate. The final net purchase price was approximately $266.5 million paid in cash, with $263.0 million paid in 2018 and $3.5 million paid in 2019. We financed the transaction with cash on hand and borrowings under our revolving credit facility. The purchase accounting related to the FacilitySource Acquisition has been finalized (with no changes made in 2019 to the preliminary purchase accounting recorded in 2018). The excess purchase price over the estimated fair value of net assets acquired has been recorded to goodwill. The goodwill arising from the FacilitySource Acquisition consisted largely of the synergies and economies of scale expected from combining the operations acquired from FacilitySource with ours. The goodwill recorded in connection with the FacilitySource Acquisition that is deductible for tax purposes was not significant. During 2018, we completed six in-fill acquisitions, the largest of which was the purchase of the remaining 50% equity interest in our longstanding New England joint venture. We also acquired a retail leasing and property management firm in Australia, two firms in Israel (our former affiliate and a majority interest in a local facilities management provider), a commercial real estate services provider in San Antonio, and a provider of real estate and facilities consulting services to healthcare companies across the U .S . Other intangible assets totaled $1,379.5 million, net of accumulated amortization of $1,358.5 million as of December 31, 2019, and $1,441.3 million, net of accumulated amortization of $1,180.4 million, as of December 31, 2018 and are comprised of the following (dollars in thousands): December 31, 2019 2018 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Unamortizable intangible assets: Management contracts $ 62,338 $ 86,585 Trademarks 56,800 56,800 Trade names 6,000 16,250 125,138 159,635 Amortizable intangible assets: Customer relationships 857,772 $ (519,162 ) 843,387 $ (435,225 ) Mortgage servicing rights 803,419 (319,927 ) 697,322 (272,852 ) Trademarks/Trade names 345,834 (92,730 ) 312,699 (76,514 ) Management contracts 142,767 (138,891 ) 200,251 (135,835 ) Covenant not to compete 73,750 (73,750 ) 73,750 (73,750 ) Other 389,394 (214,068 ) 334,657 (186,217 ) 2,612,936 (1,358,528 ) 2,462,066 (1,180,393 ) Total intangible assets $ 2,738,074 $ (1,358,528 ) $ 2,621,701 $ (1,180,393 ) Unamortizable intangible assets include management contracts identified as a result of the REIM Acquisitions relating to relationships with open-end funds, a trademark separately identified as a result of the 2001 Acquisition and a trade name separately identified in connection with the REIM Acquisitions, which represents the Clarion Partners trade name in the U.S. These intangible assets have indefinite useful lives and accordingly are not being amortized. Customer relationships relate to existing relationships acquired through acquisitions mainly in our Global Workplace Solutions segment that are being amortized over useful lives of up to 20 years. Mortgage servicing rights represent the carrying value of servicing assets in the U.S. in our Advisory Services segment. The mortgage servicing rights are being amortized over the estimated period that net servicing income is expected to be received, which is typically up to ten years. See Mortgage Servicing Rights discussion within Note 2 for additional information. In connection with the Telford Acquisition, a trademark of approximately $26.7 million was separately identified and is being amortized over 20 years (see Note 4). Trademarks of approximately $280 million were separately identified in connection with the GWS Acquisition and are being amortized over 20 years. Management contracts consist primarily of asset management contracts relating to relationships with closed-end funds and separate accounts in the U.S., Europe and Asia that were separately identified as a result of the REIM Acquisitions. These management contracts are being amortized over useful lives of up to 13 years. Other amortizable intangible assets mainly represent transition costs, which primarily get amortized to cost of revenue over the life of the associated contract. During the year ended December 31, 2019, we recorded an intangible asset impairment of $89.8 million in our Real Estate Investments segment (see Note 7). This non-cash write-off related to intangibles acquired in the REIM Acquisitions, including unamortizable management contracts relating to relationships with open-end funds and the Clarion Partners trade name in the U.S, as well as amortizable management contracts relating to relationships with closed-end funds and separate accounts in the U.S. Amortization expense related to intangible assets was $225.7 million, $258.7 million and $238.7 million for the years ended December 31, 2019, 2018 and 2017, respectively. The estimated annual amortization expense for each of the years ending December 31, 2020 through December 31, 2024 approximates $167.7 million, $152.2 million, $130.4 million, $113.2 million and $101.8 million, respectively.

Investments in Unconsolidated S

Investments in Unconsolidated Subsidiaries	12 Months Ended
	Dec. 31, 2019
Equity Method Investments And Joint Ventures [Abstract]
Investments in Unconsolidated Subsidiaries	10. Investments in Unconsolidated Subsidiaries Investments in unconsolidated subsidiaries are accounted for under the equity method of accounting. Our investment ownership percentages in equity method investments vary, generally ranging up to 50.0%. Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in thousands): Condensed Balance Sheets Information: December 31, 2019 2018 Current assets $ 5,407,082 $ 3,931,111 Non-current assets 20,414,598 16,578,905 Total assets $ 25,821,680 $ 20,510,016 Current liabilities $ 2,241,930 $ 1,919,955 Non-current liabilities 5,857,413 4,495,117 Total liabilities $ 8,099,343 $ 6,415,072 Non-controlling interests $ 461,018 $ 261,654 Condensed Statements of Operations Information: Year Ended December 31, 2019 2018 2017 Revenue $ 1,545,424 $ 1,524,685 $ 1,392,590 Operating income 549,111 906,889 1,425,824 Net income 419,966 679,712 1,254,345 Our Real Estate Investments segment invests our own capital in certain real estate investments with clients. We have provided investment management, property management, brokerage and other professional services in connection with these real estate investments on an arm’s length basis and earned revenues from these unconsolidated subsidiaries of $97.0 million, $134.3 million and $100.3 million during the years ended December 31, 2019, 2018 and 2017, respectively.

Long-Term Debt and Short-Term B

Long-Term Debt and Short-Term Borrowings	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Long-Term Debt and Short-Term Borrowings	11. Long-Term Debt and Short-Term Borrowings Total long-term debt and short-term borrowings consist of the following (dollars in thousands): December 31, 2019 2018 Long-Term Debt Senior term loans, with interest ranging from 0.75% to 3.38%, due through 2024 $ 748,531 $ 758,452 4.875% senior notes due in 2026, net of unamortized discount 597,052 596,653 5.25% senior notes due in 2025, net of unamortized premium 425,952 426,134 Other 1,861 3,682 Total long-term debt 1,773,396 1,784,921 Less: current maturities of long-term debt (1,814 ) (3,146 ) Less: unamortized debt issuance costs (10,337 ) (14,515 ) Total long-term debt, net of current maturities $ 1,761,245 $ 1,767,260 Short-Term Borrowings Warehouse lines of credit, with interest ranging from 2.95% to 5.25%, due in 2020 $ 977,175 $ 1,328,761 Other 4,534 — Total short-term borrowings $ 981,709 $ 1,328,761 Future annual aggregate maturities of total consolidated gross debt (excluding unamortized discount, premium and deferred financing costs) at December 31, 2019 are as follows (dollars in thousands): 2020—$983,523; 2021—$47; 2022—$0; 2023—$448,531; 2024—$300,000 and $1,025,000 thereafter. Long-Term Debt We maintain credit facilities with third-party lenders, which we use for a variety of purposes. On October 31, 2017, CBRE Services entered into a Credit Agreement (the 2017 Credit Agreement), which refinanced and replaced our prior credit agreement (the 2015 Credit Agreement). We used $200.0 million of borrowings from the tranche A term loan facility and $83.0 million of revolving credit facility borrowings under the 2017 Credit Agreement, in addition to cash on hand, to repay all amounts outstanding under the 2015 Credit Agreement. On December 20, 2018, CBRE Global Acquisition Company, a wholly-owned subsidiary of CBRE Services, entered into an incremental term loan assumption agreement with a syndicate of banks jointly led by Wells Fargo Bank and National Westminster Bank plc to establish a euro term loan facility under the 2017 Credit Agreement in an aggregate principal amount of 400.0 million euros. The proceeds from the euro term loan facility were used to repay a portion of the U.S. dollar denominated term loans outstanding under the 2017 Credit Agreement. On March 4, 2019, CBRE Services entered into an additional incremental assumption agreement with respect to the 2017 Credit Agreement (the 2017 Agreement as amended by such incremental assumption agreement, the 2019 Credit Agreement), which (i) extended the maturity of the U.S. dollar tranche A term loans under the 2017 Credit Agreement, (ii) extended the termination date of the revolving credit commitments available under the 2017 Credit Agreement and (iii) made certain changes to the interest rates and fees applicable to such tranche A term loans and revolving credit commitments. The proceeds from the new tranche A term loan facility under the 2019 Credit Agreement were used to repay the $300.0 million of tranche A term loans outstanding under the 2017 Credit Agreement. The 2019 Credit Agreement is a senior unsecured credit facility that is jointly and severally guaranteed by us and certain of our subsidiaries. As of December 31, 2019, the 2019 Credit Agreement provided for the following: (1) a $2.8 billion incremental revolving credit facility, which includes the capacity to obtain letters of credit and swingline loans and terminates on March 4, 2024; (2) a $300.0 million incremental tranche A term loan facility maturing on March 4, 2024, requiring quarterly principal payments unless our leverage ratio (as defined in the 2019 Credit Agreement) is less than or equal to 2.50 to 1.00 on the last day of the fiscal quarter immediately preceding any such payment date and (3) a €400.0 million term loan facility due and payable in full at maturity on December 20, 2023. As of December 31, 2019, borrowings under the tranche A term loan facility under the 2019 Credit Agreement bear interest, based at our option, on either (1) the applicable fixed rate plus 0.875% to 1.25% or (2) the daily rate plus 0.0% to 0.25%, in each case as determined by reference to our Credit Rating (as defined in the 2019 Credit Agreement) and borrowings under the euro term loan facility under the 2019 Credit Agreement bear interest at a minimum rate of 0.75% plus EURIBOR. We had $297.3 million of tranche A term loan borrowings outstanding under the 2019 Credit Agreement (at an interest rate of 2.69%), net of unamortized debt issuance costs, included in the accompanying consolidated balance sheets at December 31, 2019. In addition, as of December 31, 2019, we had $447.3 million of euro term loan borrowings outstanding under the 2019 Credit Agreement (at an interest rate of 0.75%), net of unamortized debt issuance costs, which was included in the accompanying consolidated balance sheets. The 2017 Credit Agreement was a senior unsecured credit facility that was jointly and severally guaranteed by us and certain of our subsidiaries. Our 2017 Credit Agreement provided for the following: (1) a $2.8 billion revolving credit facility, which included the capacity to obtain letters of credit and swingline loans and had a termination date of October 31, 2022; (2) a $750.0 million delayed draw tranche A term loan facility which would have matured on October 31, 2022 and which required quarterly principal payments unless our leverage ratio (as defined in the 2017 Credit Agreement) was less than or equal to 2.50 to 1.00 on the last day of the fiscal quarter immediately preceding any such payment date and (3) a €400.0 million term loan facility which would have been due and payable in full at maturity on December 20, 2023. We had $294.4 million of tranche A term loan borrowings outstanding under the 2017 Credit Agreement (at an interest rate of 3.36%), net of unamortized debt issuance costs, included in the accompanying consolidated balance sheets at December 31, 2018. In addition, as of December 31, 2018, we had $456.9 million of euro term loan borrowings outstanding under the 2017 Credit Agreement (at an interest rate of 0.75%), net of unamortized debt issuance costs, which was included in the accompanying consolidated balance sheets. In March 2011, we entered into five interest rate swap agreements, all with effective dates in October 2011, and immediately designated them as cash flow hedges in accordance with FASB ASC Topic 815, “Derivatives and Hedging”. The purpose of these interest rate swap agreements was to attempt to hedge potential changes to our cash flows due to the variable interest nature of our senior term loan facilities. The total notional amount of these interest rate swap agreements was $400.0 million, $200.0 million of which expired in October 2017 and $200.0 million of which expired in September 2019. The ineffective portion of the change in fair value of the derivatives was recognized directly in earnings. There was no significant hedge ineffectiveness for the years ended December 31, 2019, 2018 and 2017. The effective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges was recorded in accumulated other comprehensive loss on the balance sheet and was subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. We reclassified $1.2 million, $2.7 million and $7.4 million for the years ended December 31, 2019, 2018, and 2017, respectively, from accumulated other comprehensive loss to interest expense. In addition, we recorded a net loss of $0.1 million and net gains of $1.0 million and $0.9 million for the years ended December 31, 2019, 2018 and 2017, respectively, to other comprehensive loss in relation to such interest rate swap agreements. As of December 31, 2018, the fair value of such interest rate swap agreements were reflected as a $1.1 million liability (included in other current liabilities) in the accompanying consolidated balance sheets. On August 13, 2015, CBRE Services issued $600.0 million in aggregate principal amount of 4.875% senior notes due March 1, 2026 at a price equal to 99.24% of their face value. The 4.875% senior notes are unsecured obligations of CBRE Services, senior to all of its current and future subordinated indebtedness, but effectively subordinated to all of its current and future secured indebtedness. The 4.875% senior notes are jointly and severally guaranteed on a senior basis by us and each domestic subsidiary of CBRE Services that guarantees our 2017 Credit Agreement. Interest accrues at a rate of 4.875% per year and is payable semi-annually in arrears on March 1 and September 1, with the first interest payment made on March 1, 2016. The 4.875% senior notes are redeemable at our option, in whole or in part, prior to December 1, 2025 at a redemption price equal to the greater of (1) 100% of the principal amount of the 4.875% senior notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon to December 1, 2025 (not including any portions of payments of interest accrued as of the date of redemption) discounted to the date of redemption on a semi-annual basis at the Adjusted Treasury Rate (as defined in the indenture governing these notes). In addition, at any time on or after December 1, 2025, the 4.875% senior notes may be redeemed by us, in whole or in part, at a redemption price equal to 100.0% of the principal amount, plus accrued and unpaid interest, if any, to (but excluding) the date of redemption. If a change of control triggering event (as defined in the indenture governing these notes) occurs, we are obligated to make an offer to purchase the then outstanding 4.875% senior notes at a redemption price of 101.0% of the principal amount, plus accrued and unpaid interest, if any, to the date of purchase. The amount of the 4.875 % senior notes, net of unamortized discount and unamortized debt issuance costs, included in the accompanying consolidated balance sheets was $ 593.6 million and $ 592.8 million at December 31, 201 9 and 201 8 , respectively. On September 26, 2014, CBRE Services issued $300.0 million in aggregate principal amount of 5.25% senior notes due March 15, 2025. On December 12, 2014, CBRE Services issued an additional $125.0 million in aggregate principal amount of 5.25% senior notes due March 15, 2025 at a price equal to 101.5% of their face value, plus interest deemed to have accrued from September 26, 2014. The 5.25% senior notes are unsecured obligations of CBRE Services, senior to all of its current and future subordinated indebtedness, but effectively subordinated to all of its current and future secured indebtedness. The 5.25% senior notes are jointly and severally guaranteed on a senior basis by us and each domestic subsidiary of CBRE Services that guarantees our 2017 Credit Agreement. Interest accrues at a rate of 5.25% per year and is payable semi-annually in arrears on March 15 and September 15, with the first interest payment made on March 15, 2015. The 5.25% senior notes are redeemable at our option, in whole or in part, prior to December 15, 2024 at a redemption price equal to the greater of (1) 100% of the principal amount of the 5.25% senior notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon to December 15, 2024 (not including any portions of payments of interest accrued as of the date of redemption) discounted to the date of redemption on a semi-annual basis at the Adjusted Treasury Rate (as defined in the indentures governing these notes). In addition, at any time on or after December 15, 2024, the 5.25% senior notes may be redeemed by us, in whole or in part, at a redemption price equal to 100.0% of the principal amount, plus accrued and unpaid interest, if any, to (but excluding) the date of redemption. If a change of control triggering event (as defined in the indenture governing these notes) occurs, we are On March 14, 2013, CBRE Services issued $800.0 million in aggregate principal amount of 5.00% senior notes due March 15, 2023. The 5.00% senior notes were unsecured obligations of CBRE Services, senior to all of its current and future subordinated indebtedness, but effectively subordinated to all of its current and future secured indebtedness. The 5.00% senior notes were jointly and severally guaranteed on a senior basis by us and each domestic subsidiary of CBRE Services that guaranteed our 2017 Credit Agreement. Interest accrued at a rate of 5.00% per year and was payable semi-annually in arrears on March 15 and September 15. The 5.00% senior notes were redeemable at our option, in whole or in part, on March 15, 2018 at a redemption price of 102.5% of the principal amount on that date. We redeemed these notes in full on March 15, 2018 and incurred charges of $28.0 million, including a premium of $20.0 million and the write-off of $8.0 million of unamortized deferred financing costs. We funded this redemption with $550.0 million of borrowings from our tranche A term loan facility and $270.0 million of borrowings from our revolving credit facility under our 2017 Credit Agreement. The indentures governing our 4.875% senior notes and 5.25% senior notes contain restrictive covenants that, among other things, limit our ability to create or permit liens on assets securing indebtedness, enter into sale/leaseback transactions and enter into consolidations or mergers. In addition, our 2019 Credit Agreement also requires us to maintain a minimum coverage ratio of consolidated EBITDA (as defined in the 2019 Credit Agreement) to consolidated interest expense of 2.00x and a maximum leverage ratio of total debt less available cash to consolidated EBITDA (as defined in the 2019 Credit Agreement) of 4.25x (and in the case of the first four full fiscal quarters following consummation of a qualified acquisition (as defined in the 2019 Credit Agreement), 4.75x) as of the end of each fiscal quarter. On this basis, our coverage ratio of consolidated EBITDA to consolidated interest expense was 22.62x for the year ended December 31, 2019, and our leverage ratio of total debt less available cash to consolidated EBITDA was 0.44x as of December 31, 2019. Short-Term Borrowings We had short-term borrowings of $981.7 million and $1.3 billion as of December 31, 2019 and 2018, respectively, with related weighted average interest rates of 3.1% and 3.8%, respectively, which are included in the accompanying consolidated balance sheets. Revolving Credit Facility The revolving credit facility under the 2019 Credit Agreement allows for borrowings outside of the U.S., with a $200.0 million sub-facility available to CBRE Services, one of our Canadian subsidiaries, one of our Australian subsidiaries and one of our New Zealand subsidiaries and a $300.0 million sub-facility available to CBRE Services and one of our U.K. subsidiaries. Borrowings under the revolving credit facility bear interest at varying rates, based at our option, on either (1) the applicable fixed rate plus 0.680% to 1.075% or (2) the daily rate plus 0.0% to 0.075%, in each case as determined by reference to our Credit Rating (as defined in the 2019 Credit Agreement). The 2019 Credit Agreement requires us to pay a fee based on the total amount of the revolving credit facility commitment (whether used or unused). As of December 31, 2019, no amount was outstanding under the revolving credit facility other than letters of credit totaling $2.0 million. These letters of credit, which reduce the amount we may borrow under the revolving credit facility, were primarily issued in the ordinary course of business. The revolving credit facility under the 2017 Credit Agreement allowed for borrowings outside of the U.S., with a $200.0 million sub-facility available to CBRE Services, one of our Canadian subsidiaries, one of our Australian subsidiaries and one of our New Zealand subsidiaries and a $300.0 million sub-facility available to CBRE Services and one of our U.K. subsidiaries. Borrowings under the revolving credit facility bore interest at varying rates, based at our option, on either (1) the applicable fixed rate plus 0.775% to 1.075% or (2) the daily rate plus 0.0% to 0.075%, in each case as determined by reference to our Credit Rating (as defined in the 2017 Credit Agreement). The 2017 Credit Agreement required us to pay a fee based on the total amount of the revolving credit facility commitment (whether used or unused). As of December 31, 2018, no amount was outstanding under our revolving credit facility other than letters of credit totaling $2.0 million. These letters of credit, which reduced the amount we could have borrowed under the revolving credit facility, were primarily issued in the ordinary course of business. Warehouse Lines of Credit CBRE Capital Markets has warehouse lines of credit with third-party lenders for the purpose of funding mortgage loans that will be resold, and a funding arrangement with Fannie Mae for the purpose of selling a percentage of certain closed multifamily loans to Fannie Mae. These warehouse lines are recourse only to CBRE Capital Markets and are secured by our related warehouse receivables. See Note 5 for additional information.

Leases

Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	12. Leases We are the lessee in contracts for our office space tenancies, for leased vehicles and for our wholly-owned subsidiary Hana. These arrangements account for the significant portion of our lease liabilities and right-of-use assets. We continually monitor our service arrangements to evaluate whether they meet the definition of a lease. The base terms for our lease arrangements typically do not extend beyond 10 years. We commonly have renewal options in our leases, but most of these options do not create a significant economic incentive for us to extend the lease term. Therefore, payments during periods covered by these renewal options are typically not included in our lease liabilities and right-of-use assets. Specific to our vehicle leases, early termination options are common and economic penalties associated with early termination of these contracts are typically significant enough to make it reasonably certain that we will not exercise such options. Therefore, payments during periods covered by these early termination options in vehicle leases are typically included in our lease liabilities and right-of-use assets. As an accounting policy election, our short-term leases with an initial term of 12 months or less are not recognized as lease liabilities and right-of-use assets in the consolidated balance sheets. The rent expense associated with short term leases is recognized on a straight-line basis over the lease term. Most of our office space leases include variable payments based on our share of actual common area maintenance and operating costs of the leased property. Many of our vehicle leases include variable payments based on actual service and fuel costs. For both office space and vehicle leases, we have elected the practical expedient to not separate lease components from non-lease components. Therefore, these costs are classified as variable lease payments. Lease payments are typically discounted at our incremental borrowing rate because the interest rate implicit in the lease cannot be readily determined in the absence of key inputs which are typically not reported by our lessors. Because we do not generally borrow on a collateralized basis, judgement was used to estimate the secured borrowing rate associated with our leases based on relevant market data and our inputs applied to accepted valuation methodologies. The incremental borrowing rate calculated for each lease also reflects the lease term, currency, and geography specific to each lease. Supplemental balance sheet information related to our leases is as follows (dollars in thousands): Category Classification December 31, 2019 Assets Operating lease assets Operating lease assets $ 997,966 Financing lease assets Other assets, net 94,141 Total leased assets $ 1,092,107 Liabilities Current: Operating Operating lease liabilities $ 168,663 Financing Other current liabilities 34,966 Non-current: Operating Non-current operating lease liabilities 1,057,758 Financing Other liabilities 60,001 Total lease liabilities $ 1,321,388 Components of lease cost are as follows (dollars in thousands): Component Classification Year Ended December 31, 2019 Operating lease cost Operating, administrative and other $ 189,106 Finance lease cost: Amortization of right-to-use assets (1) 31,081 Interest on lease liabilities Interest expense 1,317 Variable lease cost (2) 74,476 Sublease income Revenue (3,734 ) Total lease cost $ 292,246 (1) Amortization costs of $25.5 million from vehicle finance leases utilized in client outsourcing arrangements are included in cost of revenue. Amortization costs of $5.6 million from all other finance leases are included in depreciation and amortization. (2) Variable lease costs of $17.5 million from leases in client outsourcing arrangements are included in cost of revenue. Variable lease costs of $57.0 million from all other leases are included in operating, administrative and other. Weighted average remaining lease term and discount rate for our operating leases are as follows: December 31, 2019 Weighted-average remaining lease term: Operating leases 9 years Finance leases 3 years Weighted-average discount rate: Operating leases 3.4% Finance leases 2.3% Maturities of lease liabilities by fiscal year as of December 31, 2019 are as follows (dollars in thousands): Operating Leases Financing Leases 2020 $ 175,958 $ 35,532 2021 200,043 27,314 2022 178,314 19,264 2023 160,300 12,303 2024 148,681 4,628 Thereafter 569,360 — Total remaining lease payments at December 31, 2019 $ 1,432,656 $ 99,041 Less: Interest 206,235 4,074 Present value of lease liabilities at December 31, 2019 $ 1,226,421 $ 94,967 As previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2018 and under the previous lease accounting standard, the following is a schedule by year of future minimum lease payments for noncancelable operating leases as of December 31, 2018 (dollars in thousands): 2019 $ 238,954 2020 219,351 2021 202,205 2022 172,267 2023 145,705 Thereafter 510,741 Total minimum payment required $ 1,489,223 Supplemental cash flow information and non-cash activity related to our operating leases are as follows (dollars in thousands): Year Ended December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 167,652 Operating cash flows from financing leases 1,559 Financing cash flows from financing leases 32,352 Right-of-use assets obtained in exchange for new operating lease liabilities 168,972 Right-of-use assets obtained in exchange for new financing lease liabilities 63,041 Other non-cash increases in operating lease right-of-use assets (1) 47,851 Other non-cash decreases in finance lease right-of-use assets (1) (1,826 ) (1) These noncash increases in right-of-use assets resulted from lease modifications and remeasurements.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	1 3 . Commitments and Contingencies We are a party to a number of pending or threatened lawsuits arising out of, or incident to, our ordinary course of business. We believe that any losses in excess of the amounts accrued therefore as liabilities on our financial statements are unlikely to be significant, but litigation is inherently uncertain and there is the potential for a material adverse effect on our financial statements if one or more matters are resolved in a particular period in an amount materially in excess of what we anticipated. In January 2008, CBRE MCI, a wholly-owned subsidiary of CBRE Capital Markets, entered into an agreement with Fannie Mae under Fannie Mae’s DUS Program to provide financing for multifamily housing with five or more units. Under the DUS Program, CBRE MCI originates, underwrites, closes and services loans without prior approval by Fannie Mae, and typically, is subject to sharing up to one-third of any losses on loans originated under the DUS Program. CBRE MCI has funded loans subject to such loss sharing arrangements with unpaid principal balances of $28.0 billion at December 31, 2019. CBRE MCI, under its agreement with Fannie Mae, must post cash reserves or other acceptable collateral under formulas established by Fannie Mae to provide for sufficient capital in the event losses occur. As of December 31, 201 9 and 201 8 , CBRE MCI had a $ 72.0 million and a $ 64.0 million, respectively, letter of credit under this reserve arrangement, and had recorded a liability of approximately $ million and $ 37.9 million, respectively, for its loan loss guarantee obligation under such arrangement. Fannie Mae’s recourse under the DUS Program is limited to the assets of CBRE MCI, which assets totaled approximately $ 930.7 million (including $ 636.4 million of warehouse receivables, a substantial majority of which are pledged against warehouse lines of credit and are therefore not available to Fannie Mae) at December 31, 201 9 . CBRE Capital Markets participates in Freddie Mac’s Multifamily Small Balance Loan (SBL) Program. Under the SBL program, CBRE Capital Markets has certain repurchase and loss reimbursement obligations. These obligations are for the period from origination of the loan to the securitization date. CBRE Capital Markets must post a cash reserve or other acceptable collateral to provide for sufficient capital in the event the obligations are triggered. As of both December 31, 2019 and 2018, CBRE Capital Markets had posted a $5.0 million letter of credit under this reserve arrangement. We had outstanding letters of credit totaling $91.8 million as of December 31, 2019, excluding letters of credit for which we have outstanding liabilities already accrued on our consolidated balance sheet related to our subsidiaries’ outstanding reserves for claims under certain insurance programs as well as letters of credit related to operating leases. The CBRE Capital Markets letters of credit totaling $77.0 million as of December 31, 2019 referred to in the preceding paragraphs represented the majority of the $91.8 million outstanding letters of credit as of such date. The remaining letters of credit are primarily executed by us in the ordinary course of business and expire at varying dates through September 2020. We had guarantees totaling $80.1 million as of December 31, 2019, excluding guarantees related to pension liabilities, consolidated indebtedness and other obligations for which we have outstanding liabilities already accrued on our consolidated balance sheet, and excluding guarantees related to operating leases. The $80.1 million primarily represents guarantees executed by us in the ordinary course of business, including various guarantees of management and vendor contracts in our operations overseas, which expire at the end of each of the respective agreements. In addition, as of December 31, 2019, we had issued numerous non-recourse carveout, completion and budget guarantees relating to development projects for the benefit of third parties. These guarantees are commonplace in our industry and are made by us in the ordinary course of our Real Estate Investments business. Non-recourse carveout guarantees generally require that our project-entity borrower not commit specified improper acts, with us potentially liable for all or a portion of such entity’s indebtedness or other damages suffered by the lender if those acts occur. Completion and budget guarantees generally require us to complete construction of the relevant project within a specified timeframe and/or within a specified budget, with us potentially being liable for costs to complete in excess of such timeframe or budget. While there can be no assurance, we do not expect to incur any material losses under these guarantees. An important part of the strategy for our Real Estate Investments business involves investing our capital in certain real estate investments with our clients. These co-investments generally total up to 2.0% of the equity in a particular fund. As of December 31, 2019, we had aggregate commitments of $72.1 million to fund future co-investments. Additionally, an important part of our Real Estate Investments business strategy is to invest in unconsolidated real estate subsidiaries as a principal (in most cases co-investing with our clients). As of December 31, 2019, we had committed to fund $50.1 million of additional capital to these unconsolidated subsidiaries.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2019
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	1 4 . Employee Benefit Plans Stock Incentive Plans 2012 Equity Incentive Plan and 2017 Equity Incentive Plan Our 2012 equity incentive plan and 2017 equity incentive plan were adopted by our board of directors and approved by our stockholders on May 8, 2012 and May 19, 2017, respectively. Both the 2012 and 2017 equity incentive plans authorized the grant of stock-based awards to our employees, directors and independent contractors. Our 2012 equity incentive plan was terminated in May 2017 in connection with the adoption of our 2017 equity incentive pla n . Our 2017 equity incentive plan was terminated in May 2019 in connection with the adoption of our 2019 equity incentive plan , which is described below. At termination of the 2012 equity incentive plan , no unissued shares from the 2012 stock incentive plan were allocated to the 2017 equity incentive plan for potential future issuance . At termination of the 2017 equity incentive plan, no unissued shares from the 2017 equity incentive plan were allocated to the 2019 equity incentive plan for potential future issuance. Since our 2012 and 2017 equity incentive plans have been terminated, no new awards may be granted under them. A s of December 31, 201 9 , assuming the maximum number of shares under our performance-based awards will later be issued , 2,166,537 outstanding restricted stock unit (RSU) awards to acquire shares of our Class A common stock granted under the 2012 equity incentive plan remain outstanding according to their terms, and we will continue to issue shares to the extent required under the terms of such outstanding awards. Shares underlying awards that expire, terminate or lapse under the 2012 equity incentive plan will not become available for grant under the 2017 equity incentive plan or the 2019 equity incentive plan . As of December 31, 2019, 5,736,560 outstanding RSU awards to acquire shares of our Class A common stock granted under the 2017 equity incentive plan remain outstanding according to their terms, and we will continue to issue shares to the extent required under the terms of such outstanding awards (noting that any shares granted above target will get deducted from the 2019 equity incentive plan reserve as noted below). Shares underlying awards outstanding under the 2017 equity incentive plan at termination that are subsequently canceled, forfeited or terminated without issuance to the holder thereof will be available for grant under the 2019 equity incentive plan. 2019 Equity Incentive Plan Our 2019 equity incentive plan was adopted by our board of directors on March 1, 2019 and approved by our stockholders on May 17, 2019. The 2019 equity incentive plan authorizes the grant of stock-based awards to employees, directors and independent contractors. Unless terminated earlier, the 2019 equity incentive plan will terminate on March 1, 2029. A total of 9,900,000 shares of our Class A common stock are reserved for issuance under the 2019 equity incentive plan, less 189,499 shares granted under the 2017 equity incentive plan between March 1, 2019, the date our board of directors approved the plan, and May 17, 2019, the date our stockholders approved the 2019 equity incentive plan. 2019, 234,242 Shares underlying expired, canceled, forfeited or terminated awards under the 2019 equity incentive plan (other than awards granted in substitution of an award previously granted), plus those utilized to pay tax withholding obligations with respect to an award (other than an option or stock appreciation right) will be available for reissuance. Awards granted under the 2019 equity incentive plan are subject to a minimum vesting condition of one year. As of December 31, 2019, assuming the maximum number of shares under our performance-based awards will later be issued (which includes shares that could be issued over target related to performance awards issued and outstanding under the 2017 equity incentive plan), 7,538,712 shares remained available for future grants under this plan . The number of shares issued or reserved pursuant to the 2012, 2017 and 2019 equity incentive plans are subject to adjustment on account of a stock split of our outstanding shares, stock dividend, dividend payable in a form other than shares in an amount that has a material effect on the price of the shares, consolidation, combination or reclassification of the shares, recapitalization, spin-off, or other similar occurrences. Non-Vested Stock Awards We have issued non-vested stock awards, including restricted stock units and restricted shares, in our Class A common stock to certain of our employees, independent contractors and members of our board of directors. The following is a summary of the awards granted during the years ended December 31, 2019, 2018 and 2017 . • During the year ended December 31, 2019, we granted RSUs that are performance vesting in nature, with 888,726 reflecting the maximum number of RSUs that may be issued if all of the performance targets are satisfied at their highest levels, and 1,493,788 RSUs that are time vesting in nature. • During the year ended December 31, 2018, we granted RSUs that are performance vesting in nature, with 1,014,269 reflecting the maximum number of RSUs that may be issued if all of the performance targets are satisfied at their highest levels, and 1,332,085 RSUs that are time vesting in nature. • During the year ended December 31, 2017, we granted RSUs that are performance vesting in nature, with 1,458,033 reflecting the maximum number of RSUs that may be issued if all of the performance targets are satisfied at their highest levels, and 1,466,986 RSUs that are time vesting in nature. Our annual performance-vesting awards generally vest in full three years from the grant date, based on our achievement against various adjusted income per share performance targets. Our time-vesting awards generally vest 25% per year over four years from the grant date . In addition, on December 1, 2017, we made a special grant of RSUs under our 2017 equity incentive plan (Special RSU grant) to certain of our employees, with 3,288,618 reflecting the maximum number of RSUs that may be issued if all of the performance targets are satisfied at their highest levels, and 939,605 RSUs that are time vesting in nature. During 2018 and 2019, we made additional grants under this Special RSU grant program to certain of our employees, with 195,907 reflecting the maximum number of RSUs that may be issued if all of the performance targets are satisfied at their highest levels, and 55,973 RSUs that are time vesting in nature. As a condition to this Special RSU grant, each participant has agreed to execute a Restrictive Covenants Agreement. Each Special RSU grant consisted of: (i) Time Vesting RSUs with respect to 33.3% of the total number of target RSUs subject to the grant. (ii) Total Shareholder Return (TSR) Performance RSUs with respect to 33.3% of the total number of target RSUs subject to the grant. The actual number of TSR Performance RSUs that will vest is determined by measuring our cumulative TSR against the cumulative TSR of each of the other companies comprising the S&P 500 on the Grant Date (the Comparison Group) over a six-year (iii) EPS Performance RSUs with respect to 33.3% of the total number of target RSUs subject to the grant. The actual number of EPS Performance RSUs that will vest is determined by measuring our cumulative adjusted income per share growth against the cumulative EPS growth, as reported under GAAP (GAAP EPS), of each of the other members of the Comparison Group over a six-year The Time Vesting and TSR Performance RSUs subject to the Special RSU grants vest on December 1, 2023, while the EPS Performance RSUs subject to the Special RSU grants vest on December 31, 2023. We estimated the fair value of the TSR Performance RSUs referred to above on the date of the grant using a Monte Carlo simulation with the following assumptions: Year Ended December 31, 2019 2018 2017 Volatility of common stock 25.96 % 25.02 % 27.85 % Expected dividend yield 0.00 % 0.00 % 0.00 % Risk-free interest rate 2.12 % 2.73 % 2.33 % Lastly, on December 15, 2017, we granted 127,160 RSUs that are time vesting in nature to certain senior brokers. Such awards generally vest in full three years from the grant date. A summary of the status of our non-vested stock awards is presented in the table below: Shares/Units Weighted Average Market Value Per Share Balance at December 31, 2016 4,843,273 $ 31.66 Granted 5,152,082 40.11 Performance award achievement adjustments 489,219 30.93 Vested (2,510,031 ) 29.98 Forfeited (297,441 ) 32.85 Balance at December 31, 2017 7,677,102 37.76 Granted 2,023,266 45.70 Performance award achievement adjustments 282,953 38.09 Vested (2,177,800 ) 34.78 Forfeited (623,161 ) 40.85 Balance at December 31, 2018 7,182,360 41.04 Granted 2,000,977 50.07 Performance award achievement adjustments 166,007 37.36 Vested (1,323,351 ) 37.43 Forfeited (316,294 ) 42.09 Balance at December 31, 2019 7,709,699 43.89 Total compensation expense related to non-vested stock awards was $127.7 million, $128.2 million and $93.1 million for the years ended December 31, 2019, 2018 and 2017, respectively. At December 31, 2019, total unrecognized estimated compensation cost related to non-vested stock awards was approximately $173.8 million, which is expected to be recognized over a weighted average period of approximately 2.9 . Bonuses We have bonus programs covering select employees, including senior management. Awards are based on the position and performance of the employee and the achievement of pre-established financial, operating and strategic objectives. The amounts charged to expense for bonuses were $309.4 million, $363.6 million and $286.5 million for the years ended December 31, 2019, 2018 and 2017, respectively. 401(k) Plan Our CBRE 401(k) Plan (401(k) Plan) is a defined contribution savings plan that allows participant deferrals under Section 401(k) of the Internal Revenue Code (IRC). Most of our U.S. employees, other than qualified real estate agents having the status of independent contractors under section 3508 of the IRC of 1986, as amended, and non-plan electing union employees, are eligible to participate in the plan. The 401(k) Plan provides for participant contributions as well as a company match. A participant is allowed to contribute to the 401(k) Plan from 1% to 75% of his or her compensation, subject to limits imposed by applicable law. Effective January 1, 2007, all participants hired post January 1, 2007 vest in company match contributions 20% per year for each plan year they are employed. All participants hired before January 1, 2007 are immediately vested in company match contributions. For both 2019 and 2018, we contributed a 67% match on the first 6% of annual compensation for participants with an annual base salary of less than $100,000 and we contributed a 50% match on the first 6% of annual compensation for participants with an annual base salary of $100,000 or more (up to $150,000 of compensation). For 2017, we contributed a 50% match on the first 6% of annual compensation (up to $150,000 of compensation) deferred by each participant. In connection with the 401(k) Plan, we charged to expense $59.9 million, $46.3 million and $38.8 million for the years ended December 31, 2019, 2018 and 2017, respectively. Participants are entitled to invest up to 25% of their 401(k) account balance in shares of our common stock. As of December 31, 2019, approximately 1.3 million shares of our common stock were held as investments by participants in our 401(k) Plan. Pension Plans We have two contributory defined benefit pension plans in the U.K. The London-based firm of Hillier Parker May & Rowden, which we acquired in 1998, had a contributory defined benefit pension plan. A subsidiary of Insignia, which we acquired in connection with the Insignia Acquisition in 2003, also had a contributory defined benefit pension plan in the U.K. Our subsidiaries based in the U.K. maintain the plans to provide retirement benefits to existing and former employees participating in these plans. With respect to these plans, our historical policy has been to contribute annually to the plans, an amount to fund pension liabilities as actuarially determined and as required by applicable laws and regulations. Our contributions to these plans are invested by the plan trustee and, if these investments do not perform well in the future, we may be required to provide additional contributions to cover any pension underfunding. Effective July 1, 2007, we reached agreements with the active members of these plans to freeze future pension plan benefits. In return, the active members became eligible to enroll in a defined contribution plan. As of December 31, 2019 and 2018, the fair values of pension plan assets were $331.4 million and $274.4 million, respectively, and the fair values of projected benefit obligations in aggregate were $439.4 million and $387.4 million, respectively. As a result, the plans were underfunded by approximately $108.0 million and $113.0 million at December 31, 2019 and 2018, respectively, and were recorded as net liabilities included in other long term liabilities in the accompanying consolidated balance sheets. Items not yet recognized as a component of net periodic pension cost (benefit) were $191.6 million and $192.7 million at December 31, 2019 and 2018, respectively, and were included in accumulated other comprehensive loss in the accompanying consolidated balance sheets. Net periodic pension (benefit) cost was not material for the years ended December 31, 2019, 2018 and 2017.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	1 5 . Income Taxes The components of income before provision for income taxes consisted of the following (dollars in thousands): Year Ended December 31, 2019 2018 2017 Domestic $ 839,899 $ 807,590 $ 575,222 Foreign 521,446 571,416 596,111 $ 1,361,345 $ 1,379,006 $ 1,171,333 Our tax provision (benefit) consisted of the following (dollars in thousands): Year Ended December 31, 2019 2018 2017 Federal: Current $ (51,980 ) $ 166,024 $ 275,475 Deferred (74,432 ) (7,667 ) 39,045 (126,412 ) 158,357 314,520 State: Current 52,403 43,320 21,212 Deferred (5,760 ) (3,692 ) 5,573 46,643 39,628 26,785 Foreign: Current 163,833 149,194 123,840 Deferred (14,169 ) (34,121 ) 2,612 149,664 115,073 126,452 $ 69,895 $ 313,058 $ 467,757 The following is a reconciliation stated as a percentage of pre-tax income of the U.S. statutory federal income tax rate to our effective tax rate: Year Ended December 31, 2019 2018 2017 Federal statutory tax rate 21 % 21 % 35 % Foreign rate differential 4 — (5 ) State taxes, net of federal benefit 3 3 2 Non-deductible expenses 1 2 2 Reserves for uncertain tax positions 1 — (2 ) Credits and exemptions (4 ) (2 ) (3 ) Outside basis differences recognized as a result of a legal entity restructuring (20 ) — — Tax Reform — 1 12 Change in valuation allowance — (1 ) (2 ) Acquisition-related costs — (2 ) — Other (1 ) 1 1 Effective tax rate 5 % 23 % 40 % In the fourth quarter of 2019, we recognized a net tax benefit of approximately $277.2 million attributable to outside basis differences recognized as a result of a legal entity restructuring. The recognition of the outside tax basis differences generated a capital loss that will offset capital gains generated during 2019. In addition, a portion of the capital loss will be carried back to tax years 2016, 2017 and 2018 to offset capital gains in those years. The remaining capital loss will be carried forward and will be available to offset future capital gains. Based on our strong history of capital gains in the prior three years and the nature of our business we expect to generate sufficient capital gains in the five year carry forward period and therefore concluded that it is more likely than not that we will realize the full tax benefit from the capital loss carried forward. Accordingly, we have not provided any valuation allowance against the deferred tax asset for the capital loss carried forward. On December 22, 2017, the Tax Act was signed into law making significant changes to the IRC, including a decrease to the U.S. corporate tax rate from 35% to 21% and a one-time transition tax (i.e. toll charge, or the Transition Tax) on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017. We recorded a provisional amount for our one-time Transition Tax liability of $158.0 million for the year ended December 31, 2017, which represented our estimate of the U.S. federal and state tax impact of the Transition Tax, partially offset by a net income tax benefit of $14.6 million related to the re-measurement of U.S. federal deferred tax assets and liabilities. Our provision for income taxes for 2018 included a net expense true-up of $13.3 million associated with the Tax Act. As required, we paid the full state tax liability for the Transition Tax in 2018. We are paying the federal tax liability for the Transition Tax in annual interest-free installments over a period of eight years through 2025 as allowed by the Tax Act. As of December 31, 2019, remaining amounts due for the Transition Tax (including a 2019 true-up of the Transaction Tax liability) include the third installment due in 2020 of $14.2 million, which is included within income taxes payable, and the remaining payable of $93.6 million, which is included within non-current income taxes payable in the accompanying consolidated balance sheets. Cumulative tax effects of temporary differences are shown below at December 31, 2019 and 2018 (dollars in thousands): December 31, 2019 2018 Asset (Liability) Tax losses and tax credits $ 330,839 $ 275,574 Operating lease liabilities 320,261 — Bonus and deferred compensation 280,747 276,572 Bad debt and other reserves 66,504 57,506 Pension obligation 24,022 22,950 Investments 5,236 5,211 Tax effect on revenue items related to Topic 606 adoption (25,620 ) (38,510 ) Property and equipment (54,370 ) (49,935 ) Unconsolidated affiliates and partnerships (63,594 ) (64,448 ) Capitalized costs and intangibles (277,246 ) (289,674 ) Operating lease assets (314,433 ) — All other (1,153 ) (2,457 ) Net deferred tax assets before valuation allowance 291,193 192,789 Valuation allowance (251,922 ) (248,511 ) Net deferred tax assets (liabilities) $ 39,271 $ (55,722 ) In the first quarter of 2019 we adopted new lease accounting guidance (see Note 3). As a result of such adoption, we recorded deferred tax assets of $320.3 million and deferred tax liabilities of $314.4 million for book tax basis differences in the operating lease liabilities and operating lease assets, respectively. As of December 31, 2019, we had a U.S. federal capital loss carryforward, net of related reserves for uncertain tax positions, of approximately $327.9 million, translating to a net deferred tax asset before valuation allowance of $64.9 million, which will expire after the five-year We determined that as of December 31, 2019, $251.9 million of deferred tax assets do not satisfy the realization criteria set forth in Topic 740. Accordingly, a valuation allowance has been recorded for this amount. If released, the entire amount would result in a benefit to continuing operations. During the year ended December 31, 2019, our valuation allowance increased by approximately $3.4 million. The change in the valuation allowance was driven by an increase in the valuation allowance of $7.9 million associated with NOLs generated by our operations in Luxembourg and Norway and was partially offset by a decrease of $4.5 million due to tax rate changes, currency translation adjustments and utilization of foreign NOLs that had full valuation allowances. We believe it is more likely than not that future operations will generate sufficient taxable income to realize the benefit of the deferred tax assets recorded net of these valuation allowances. Our foreign subsidiaries have accumulated $2.6 billion of undistributed earnings for which we have not recorded a deferred tax liability. No additional income taxes have been provided for any remaining undistributed foreign earnings not subject to the Transition Tax, in connection with the enactment of the Tax Act, or any additional outside basis difference inherent in these entities, as these amounts continue to be indefinitely reinvested in foreign operations. While federal and state current income tax expense The total amount of gross unrecognized tax benefits was approximately $141.2 million and $95.0 million as of December 31, 2019 and 2018, respectively. The total amount of unrecognized tax benefits that would affect our effective tax rate, if recognized, is $44.5 million ($42.7 million, net of federal benefit received from state positions) and $50.2 million ($49.2 million, net of federal benefit received from state positions) as of December 31, 2019 and 2018, respectively. A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2019 and 2018 is as follows (dollars in thousands): Year Ended December 31, 2019 2018 Beginning balance, unrecognized tax benefits $ (94,962 ) $ (35,826 ) Gross increases - tax positions in prior period (22,229 ) (49,412 ) Gross decreases - tax positions in prior period 17,390 — Gross increases - current-period tax positions (45,262 ) (18,861 ) Decreases relating to settlements 218 4,619 Reductions as a result of lapse of statute of limitations 3,680 4,531 Foreign exchange movement 1 (13 ) Ending balance, unrecognized tax benefits $ (141,164 ) $ (94,962 ) During the year ended December 31, 2019, we released $3.7 million of gross unrecognized tax benefits primarily due to expiration of the U.S. federal statute of limitations related to the 2015 tax year. As a result, we recognized $3.2 million of income tax benefits related to decreases in tax positions and $0.5 million of income tax benefits related to interest and penalties. We believe the amount of gross unrecognized tax benefits that will be settled during the next twelve months due to filing amended returns and settling ongoing exams cannot be reasonably estimated but will not be significant. Our continuing practice is to recognize potential accrued interest and/or penalties related to income tax matters within income tax expense. During the years ended December 31, 2019, 2018 and 2017, we accrued an additional $0.3 million, $0.6 million and $1.0 million, respectively, in interest and penalties associated with uncertain tax positions. As of December 31, 2019 and 2018, we have recognized a liability for interest and penalties of $3.8 million ($3.1 million, net of related federal benefit received from interest expense) and $4.0 million ($3.5 million, net of related federal benefit received from interest expense), respectively. We conduct business globally and, as a result, one or more of our subsidiaries files income tax returns in the U.S. federal jurisdiction and in multiple state, local and foreign jurisdictions. We are no longer open to assessment by the U.S. Internal Revenue Service for years prior to 2016. With limited exception, our significant state and foreign tax jurisdictions are no longer subject to audit by the various tax authorities for tax years prior to 2011.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Stockholders' Equity	1 6 . Stockholders’ Equity Our board of directors is authorized, subject to any limitations imposed by law, without the approval of our stockholders, to issue a total of 25,000,000 shares of preferred stock, in one or more series, with each such series having rights and preferences including voting rights, dividend rights, conversion rights, redemption privileges and liquidation preferences, as our board of directors may determine. In October 2016, our board of directors authorized the company to repurchase up to an aggregate of $250.0 million of our Class A common stock over three years. No shares were repurchased during the years ended December 31, 2016 and 2017. During the year ended December 31, 2018, we spent $161.0 million to repurchase 3,980,656 shares of our Class A common stock with an average price paid per share of $40.43. During January 2019, under the October 2016 program, we spent $45.1 million to repurchase 1,144,449 shares of our Class A common stock with an average price paid per share of $39.38. In February 2019, our board of directors authorized a new program for the company to repurchase up to $300.0 million of our Class A common stock over three years, effective March 11, 2019. The previous program terminated upon the effectiveness of the new program. In both August and November 2019, our board of directors authorized an additional $100.0 million under our new program, bringing the total authorized amount under the new program to a total of $500.0 million. During the year ended December 31, 2019, under the March 2019 program, we spent $100.0 million to repurchase an additional 1,936,458 shares of our Class A common stock with an average price paid per share of $51.64. As of December 31, 2019, we had $400.0 million of capacity remaining under our current stock repurchase program.

Income Per Share Information

Income Per Share Information	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Income Per Share Information	1 7 . Income Per Share Information The following is a calculation of income per share (dollars in thousands, except share data): Year Ended December 31, 2019 2018 2017 Basic Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 1,282,357 $ 1,063,219 $ 697,109 Weighted average shares outstanding for basic income per share 335,795,654 339,321,056 337,658,017 Basic income per share attributable to CBRE Group, Inc. shareholders $ 3.82 $ 3.13 $ 2.06 Diluted Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 1,282,357 $ 1,063,219 $ 697,109 Weighted average shares outstanding for basic income per share 335,795,654 339,321,056 337,658,017 Dilutive effect of contingently issuable shares 4,727,217 3,801,293 3,121,987 Dilutive effect of stock options — 392 3,552 Weighted average shares outstanding for diluted income per share 340,522,871 343,122,741 340,783,556 Diluted income per share attributable to CBRE Group, Inc. shareholders $ 3.77 $ 3.10 $ 2.05 For the years ended December 31, 2019, 2018 and 2017, 374,555, 259,274 and 621,805, respectively, of contingently issuable shares were excluded from the computation of diluted income per share because their inclusion would have had an anti-dilutive effect.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Revenue from Contracts with Customers	1 8 . Revenue from Contracts with Customers Disaggregated Revenue The following tables represent a disaggregation of revenue from contracts with customers for the years ended December 31, 2019, 2018 and 2017 by type of service and/or segment (dollars in thousands): Year Ended December 31, 2019 Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Topic 606 Revenue: Global workplace solutions $ — $ 14,164,001 $ — $ 14,164,001 Advisory leasing 3,269,993 — — 3,269,993 Advisory sales 2,130,979 — — 2,130,979 Property and advisory project management 2,255,398 2,255,398 Valuation 630,399 — — 630,399 Commercial mortgage origination (1) 154,227 — — 154,227 Loan servicing (2) 30,943 — — 30,943 Investment management — — 424,882 424,882 Development services — — 213,264 213,264 Topic 606 Revenue 8,471,939 14,164,001 638,146 23,274,086 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 421,736 — — 421,736 Loan servicing 175,793 — — 175,793 Development services (4) — — 22,476 22,476 Total Out of Scope of Topic 606 Revenue 597,529 — 22,476 620,005 Total revenue $ 9,069,468 $ 14,164,001 $ 660,622 $ 23,894,091 Year Ended December 31, 2018 (3) Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Topic 606 Revenue: Global workplace solutions $ — $ 12,365,362 $ — $ 12,365,362 Advisory leasing 3,080,117 — — 3,080,117 Advisory sales 1,980,932 1,980,932 Property and advisory project management 2,057,433 — — 2,057,433 Valuation 598,806 — — 598,806 Commercial mortgage origination (1) 136,534 — — 136,534 Loan servicing (2) 24,192 — — 24,192 Investment management — — 434,405 434,405 Development services — — 100,319 100,319 Topic 606 Revenue 7,878,014 12,365,362 534,724 20,778,100 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 402,814 — — 402,814 Loan servicing 159,174 — — 159,174 Total Out of Scope of Topic 606 Revenue 561,988 — — 561,988 Total revenue $ 8,440,002 $ 12,365,362 $ 534,724 $ 21,340,088 (1) We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606. (2) Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606. (3) Our new organizational structure became effective January 1, 2019. See Note 19 for additional information. Revenue classifications for 2018 and 2017 have been restated to conform to the new structure. (4) Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842. Year Ended December 31, 2017 (3) Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Topic 606 Revenue: Global workplace solutions $ — $ 10,791,963 $ — $ 10,791,963 Advisory leasing 2,592,203 — — 2,592,203 Advisory sales 1,869,872 — — 1,869,872 Property and advisory project management 1,748,594 — — 1,748,594 Valuation 556,008 556,008 Commercial mortgage origination (1) 117,009 — — 117,009 Loan servicing (2) 19,759 — — 19,759 Investment management — — 377,644 377,644 Development services — — 79,455 79,455 Topic 606 Revenue 6,903,445 10,791,963 457,099 18,152,507 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 338,590 — — 338,590 Loan servicing 137,690 — — 137,690 Total Out of Scope of Topic 606 Revenue 476,280 — — 476,280 Total revenue $ 7,379,725 $ 10,791,963 $ 457,099 $ 18,628,787 (1) We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606. (2) Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606. (3) Our new organizational structure became effective January 1, 2019. See Note 19 for additional information. Revenue classifications for 2018 and 2017 have been restated to conform to the new structure. Contract Assets and Liabilities We had contract assets totaling $529.8 million ($328.0 million of which was current) and $381.8 million ($307.0 million of which was current) as of December 31, 2019 and 2018, respectively. During the year ended December 31, 2019, our contract assets increased by $148.0 million, primarily due to an increase in contract assets in our leasing business as well as due to contract assets acquired in the Telford Acquisition (see Note 4). We had contract liabilities totaling $115.0 million ($108.7 million of which was current) and $92.5 million ($82.2 million of which was current) as of December 31, 2019 and 2018, respectively. During the year ended December 31, 2019, we recognized revenue of $75.2 million that was included in the contract liability balance at December 31, 2018. Contract Costs Within our Global Workplace Solutions segment, we incur transition costs to fulfil contracts prior to services being rendered. We capitalized $69.3 million, $45.7 million and $31.9 million, respectively, of transition costs during the years ended December 31, 2019, 2018 and 2017. We recorded amortization of transition costs of $32.3 million, $23.4 million and $19.2 million, respectively, during the years ended December 31, 2019, 2018 and 2017.

Segments

Segments	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segments	1 9 . Segments On August 17, 2018, we announced a new organizational structure that became effective on January 1, 2019. Under the new structure, we organize our operations around, and publicly report our financial results on, three global business segments: (1) Advisory Services; (2) Global Workplace Solutions and (3) Real Estate Investments. Advisory Services provides a comprehensive range of services globally, including property leasing, property sales, mortgage services, property management , project management and valuation . Global Workplace Solutions provides a broad suite of integrated, contractually-based outsourcing services to occupiers of real estate, including facilities management, project management and transaction services . Real Estate Investments includes: (i) investment management services provided globally; (ii) development services in the U.S. and U.K. and (iii) flexible office space solutions . Summarized financial information by segment is as follows (dollars in thousands): Year Ended December 31, 2019 2018 2017 Revenue Advisory Services $ 9,069,468 $ 8,440,002 $ 7,379,725 Global Workspace Solutions 14,164,001 12,365,362 10,791,963 Real Estate Investments 660,622 534,724 457,099 Total revenue $ 23,894,091 $ 21,340,088 $ 18,628,787 Depreciation and Amortization Advisory Services $ 304,766 $ 280,921 $ 243,791 Global Workspace Solutions 120,975 147,222 136,127 Real Estate Investments 13,483 23,845 26,196 Total depreciation and amortization $ 439,224 $ 451,988 $ 406,114 Equity Income (Loss) from Unconsolidated Subsidiaries Advisory Services $ 6,894 $ 16,017 $ 20,740 Global Workspace Solutions (1,423 ) 115 — Real Estate Investments 155,454 308,532 189,467 Total equity income from unconsolidated subsidiaries $ 160,925 $ 324,664 $ 210,207 Adjusted EBITDA Advisory Services $ 1,465,792 $ 1,303,251 $ 1,174,943 Global Workspace Solutions 424,026 345,560 334,377 Real Estate Investments 173,965 256,357 207,454 Total Adjusted EBITDA $ 2,063,783 $ 1,905,168 $ 1,716,774 Adjusted EBITDA is the measure reported to the chief operating decision maker (CODM) for purposes of making decisions about allocating resources to each segment and assessing performance of each segment. EBITDA represents earnings before net interest expense, write-off of financing costs on extinguished debt, income taxes, depreciation and amortization and intangible asset impairments. Amounts shown for adjusted EBITDA further remove (from EBITDA) the impact of certain cash and non-cash items related to acquisitions, certain carried interest incentive compensation expense (reversal) to align with the timing of associated revenue, costs associated with our reorganization, including cost-savings initiatives, and other non-recurring costs. Adjusted EBITDA is calculated as follows (dollars in thousands): Year Ended December 31, 2019 2018 2017 Net income attributable to CBRE Group, Inc. $ 1,282,357 $ 1,063,219 $ 697,109 Add: Depreciation and amortization 439,224 451,988 406,114 Intangible asset impairment 89,787 — — Interest expense, net of interest income 85,754 98,685 126,961 Write-off of financing costs on extinguished debt 2,608 27,982 — Provision for income taxes 69,895 313,058 467,757 EBITDA 1,969,625 1,954,932 1,697,941 Adjustments: Costs associated with our reorganization, including cost-savings initiatives (1) 49,565 37,925 — Integration and other costs related to acquisitions 15,292 9,124 27,351 Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue 13,101 (5,261 ) (8,518 ) Impact of fair value adjustments to real estate assets acquired in the Telford Acquisition (purchase accounting) that were sold in period 9,301 — — Costs incurred related to legal entity restructuring 6,899 — — Costs incurred in connection with litigation settlement — 8,868 — One-time gain associated with remeasuring an investment in an unconsolidated subsidiary to fair value as of the date the remaining controlling interest was acquired — (100,420 ) — Adjusted EBITDA $ 2,063,783 $ 1,905,168 $ 1,716,774 (1) Primarily represents severance costs related to headcount reductions in connection with our reorganization announced in the third quarter of 2018 that became effective January 1, 2019. Our CODM is not provided with total asset information by segment and accordingly, does not measure or allocate total assets on a segment basis. As a result, we have not disclosed any asset information by segment. Geographic Information Revenue in the table below is allocated based upon the country in which services are performed (dollars in thousands): Year Ended December 31, 2019 2018 2017 Revenue United States $ 13,852,018 $ 12,264,188 $ 10,954,608 United Kingdom 2,972,704 2,586,890 2,242,973 All other countries 7,069,369 6,489,010 5,431,206 Total revenue $ 23,894,091 $ 21,340,088 $ 18,628,787

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	20 . Related Party Transactions The accompanying consolidated balance sheets include loans to related parties, primarily employees other than our executive officers, of $416.7 million and $350.1 million as of December 31, 2019 and 2018, respectively. The majority of these loans represent sign-on and retention bonuses issued or assumed in connection with acquisitions and prepaid commissions as well as prepaid retention and recruitment awards issued to employees. These loans are at varying principal amounts, bear interest at rates up to 5.25% per annum and mature on various dates through 2028.

Guarantor and Nonguarantor Fina

Guarantor and Nonguarantor Financial Statements	12 Months Ended
	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Guarantor and Nonguarantor Financial Statements	2 1 . Guarantor and Nonguarantor Financial Statements The following condensed consolidating financial information includes condensed consolidating balance sheets as of December 31, 2019 and 2018, condensed consolidating statements of operations, condensed consolidating statements of comprehensive income and condensed consolidating statements of cash flows for the years ended December 31, 2019, 2018 and 2017 of: • CBRE Group, Inc., as the parent; CBRE Services, as the subsidiary issuer; the guarantor subsidiaries; the nonguarantor subsidiaries; • Elimination entries necessary to consolidate CBRE Group, Inc., as the parent, with CBRE Services and its guarantor and nonguarantor subsidiaries; and • CBRE Group, Inc., on a consolidated basis. Investments in consolidated subsidiaries are presented using the equity method of accounting. The principal elimination entries eliminate investments in consolidated subsidiaries and intercompany balances and transactions. Condensed Consolidating Balance Sheet As of December 31, 2019 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total ASSETS Current Assets: Cash and cash equivalents $ 7 $ 13,453 $ 254,992 $ 703,329 $ — $ 971,781 Restricted cash — — 55,849 66,115 — 121,964 Receivables, net — 16 1,627,598 2,839,060 — 4,466,674 Warehouse receivables (1) — — 303,559 689,499 — 993,058 Contract assets — — 286,225 41,787 — 328,012 Prepaid expenses — — 127,413 155,328 — 282,741 Income taxes receivable — — 91,398 2,517 — 93,915 Other current assets — — 70,554 205,765 — 276,319 Total Current Assets 7 13,469 2,817,588 4,703,400 — 7,534,464 Property and equipment, net — — 560,509 275,697 — 836,206 Goodwill — — 2,249,274 1,504,219 — 3,753,493 Other intangible assets, net — — 726,897 652,649 — 1,379,546 Operating lease assets — — 451,769 546,197 — 997,966 Investments in unconsolidated subsidiaries — — 273,532 153,179 — 426,711 Non-current contract assets — — 175,215 26,545 — 201,760 Real estate under development — — — 185,508 — 185,508 Investments in consolidated subsidiaries 8,395,563 6,642,233 2,816,035 — (17,853,831 ) — Intercompany loan receivable — 3,054,548 700,000 — (3,754,548 ) — Non-current income taxes receivable — — 113,194 25,942 — 139,136 Deferred tax assets, net — — 57,639 106,127 (89,902 ) 73,864 Other assets, net — 17,016 480,968 170,558 — 668,542 Total Assets $ 8,395,570 $ 9,727,266 $ 11,422,620 $ 8,350,021 $ (21,698,281 ) $ 16,197,196 LIABILITIES AND EQUITY Current Liabilities: Accounts payable and accrued expenses $ — $ 17,790 $ 947,817 $ 1,470,477 $ — $ 2,436,084 Compensation and employee benefits payable — — 758,367 566,623 — 1,324,990 Accrued bonus and profit sharing — — 686,793 575,181 — 1,261,974 Operating lease liabilities — — 75,906 92,757 — 168,663 Contract liabilities — — 58,701 49,970 — 108,671 Income taxes payable — — 2,002 28,205 — 30,207 Short-term borrowings: Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) (1) — — 300,260 676,915 — 977,175 Other — — — 4,534 — 4,534 Total short-term borrowings — — 300,260 681,449 — 981,709 Current maturities of long-term debt — — 18 1,796 — 1,814 Other current liabilities — — 46,121 76,218 — 122,339 Total Current Liabilities — 17,790 2,875,985 3,542,676 — 6,436,451 Long-Term Debt, net: Long-term debt, net — 1,313,913 — 447,332 — 1,761,245 Intercompany loan payable 2,162,877 — 1,017,046 574,625 (3,754,548 ) — Total Long-Term Debt, net 2,162,877 1,313,913 1,017,046 1,021,957 (3,754,548 ) 1,761,245 Non-current operating lease liabilities — — 520,155 537,603 — 1,057,758 Non-current income taxes payable — — 93,647 — — 93,647 Non-current tax liabilities — — 40,066 45,900 — 85,966 Deferred tax liabilities, net — — — 124,495 (89,902 ) 34,593 Other liabilities — — 233,488 220,936 — 454,424 Total Liabilities 2,162,877 1,331,703 4,780,387 5,493,567 (3,844,450 ) 9,924,084 Commitments and contingencies — — — — — — Equity: CBRE Group, Inc. Stockholders’ Equity 6,232,693 8,395,563 6,642,233 2,816,035 (17,853,831 ) 6,232,693 Non-controlling interests — — — 40,419 — 40,419 Total Equity 6,232,693 8,395,563 6,642,233 2,856,454 (17,853,831 ) 6,273,112 Total Liabilities and Equity $ 8,395,570 $ 9,727,266 $ 11,422,620 $ 8,350,021 $ (21,698,281 ) $ 16,197,196 (1) Although CBRE Capital Markets is included among our domestic subsidiaries that jointly and severally guarantee our 4.875% senior notes, 5.25% senior notes and our 2019 Credit Agreement, a substantial majority of warehouse receivables funded under Fannie Mae ASAP, JP Morgan, BofA, TD Bank, Capital One and Union Bank lines of credit are pledged to Fannie Mae, JP Morgan, BofA, TD Bank, Capital One and Union Bank, and accordingly, are not included as collateral for these notes or our other outstanding debt. Condensed Consolidating Balance Sheet As of December 31, 2018 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total ASSETS Current Assets: Cash and cash equivalents $ 7 $ 34,063 $ 261,181 $ 481,968 $ — $ 777,219 Restricted cash — — 13,767 72,958 — 86,725 Receivables, net — 5 1,340,120 2,328,466 — 3,668,591 Warehouse receivables (1) — — 664,095 678,373 — 1,342,468 Contract assets — — 289,214 17,806 — 307,020 Prepaid expenses — — 122,305 132,587 — 254,892 Income taxes receivable 6,099 — 18,992 52,692 (6,099 ) 71,684 Other current assets — — 56,853 188,758 — 245,611 Total Current Assets 6,106 34,068 2,766,527 3,953,608 (6,099 ) 6,754,210 Property and equipment, net — — 512,110 209,582 — 721,692 Goodwill — — 2,224,909 1,427,400 — 3,652,309 Other intangible assets, net — — 835,270 606,038 — 1,441,308 Investments in unconsolidated subsidiaries — — 170,698 45,476 — 216,174 Non-current contract assets — — 74,762 — — 74,762 Real estate under development — — 4,586 — — 4,586 Investments in consolidated subsidiaries 6,759,815 5,595,831 3,228,512 — (15,584,158 ) — Intercompany loan receivable — 2,440,775 700,000 711,244 (3,852,019 ) — Deferred tax assets, net — — 2,666 51,755 (2,718 ) 51,703 Other assets, net — 18,257 404,442 117,350 — 540,049 Total Assets $ 6,765,921 $ 8,088,931 $ 10,924,482 $ 7,122,453 $ (19,444,994 ) $ 13,456,793 LIABILITIES AND EQUITY Current Liabilities: Accounts payable and accrued expenses $ 40 $ 17,450 $ 655,582 $ 1,246,755 $ — $ 1,919,827 Compensation and employee benefits payable — — 662,196 458,983 — 1,121,179 Accrued bonus and profit sharing — — 685,521 503,874 — 1,189,395 Contract liabilities — — 41,045 41,182 — 82,227 Income taxes payable — 720 6,417 67,062 (6,099 ) 68,100 Short-term borrowings: Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) (1) — — 657,731 671,030 — 1,328,761 Total short-term borrowings — — 657,731 671,030 — 1,328,761 Current maturities of long-term debt — — 39 3,107 — 3,146 Other current liabilities — 1,070 70,202 19,473 — 90,745 Total Current Liabilities 40 19,240 2,778,733 3,011,466 (6,099 ) 5,803,380 Long-Term Debt, net: Long-term debt, net — 1,309,876 18 457,366 — 1,767,260 Intercompany loan payable 1,827,084 — 2,024,935 — (3,852,019 ) — Total Long-Term Debt, net 1,827,084 1,309,876 2,024,953 457,366 (3,852,019 ) 1,767,260 Non-current tax liabilities — — 164,857 7,769 — 172,626 Deferred tax liabilities, net — — — 110,143 (2,718 ) 107,425 Other liabilities — — 360,108 236,092 — 596,200 Total Liabilities 1,827,124 1,329,116 5,328,651 3,822,836 (3,860,836 ) 8,446,891 Commitments and contingencies — — — — — — Equity: CBRE Group, Inc. Stockholders’ Equity 4,938,797 6,759,815 5,595,831 3,228,512 (15,584,158 ) 4,938,797 Non-controlling interests — — — 71,105 — 71,105 Total Equity 4,938,797 6,759,815 5,595,831 3,299,617 (15,584,158 ) 5,009,902 Total Liabilities and Equity $ 6,765,921 $ 8,088,931 $ 10,924,482 $ 7,122,453 $ (19,444,994 ) $ 13,456,793 (1) Although CBRE Capital Markets is included among our domestic subsidiaries that jointly and severally guarantee our 4.875% senior notes, 5.25% senior notes and our 2017 Credit Agreement, a substantial majority of warehouse receivables funded under BofA, Fannie Mae ASAP, JP Morgan, Capital One and TD Bank lines of credit are pledged to BofA, Fannie Mae, JP Morgan, Capital One and TD Bank, and accordingly, are not included as collateral for these notes or our other outstanding debt. Condensed Consolidating Statement of Operations For the Year Ended December 31, 2019 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Revenue $ — $ — $ 13,550,005 $ 10,344,086 $ — $ 23,894,091 Costs and expenses: Cost of revenue — — 10,836,412 7,852,601 — 18,689,013 Operating, administrative and other 1,000 1,036 1,705,837 1,728,136 — 3,436,009 Depreciation and amortization — — 265,220 174,004 — 439,224 Intangible asset impairment — — 89,787 — — 89,787 Total costs and expenses 1,000 1,036 12,897,256 9,754,741 — 22,654,033 Gain on disposition of real estate — — 19,432 385 — 19,817 Operating (loss) income (1,000 ) (1,036 ) 672,181 589,730 — 1,259,875 Equity income (loss) from unconsolidated subsidiaries — — 162,019 (1,094 ) — 160,925 Other income — — 7,842 21,065 — 28,907 Interest expense, net of interest income — (31,037 ) 80,604 36,187 — 85,754 Write-off of financing costs on extinguished debt — 2,608 — — — 2,608 Royalty and management service (income) expense — — (92,728 ) 92,728 — — Income from consolidated subsidiaries 1,283,103 1,262,674 284,038 — (2,829,815 ) — Income before (benefit of) provision for income taxes 1,282,103 1,290,067 1,138,204 480,786 (2,829,815 ) 1,361,345 (Benefit of) provision for income taxes (254 ) 6,964 (124,470 ) 187,655 — 69,895 Net income 1,282,357 1,283,103 1,262,674 293,131 (2,829,815 ) 1,291,450 Less: Net income attributable to non-controlling interests — — — 9,093 — 9,093 Net income attributable to CBRE Group, Inc. $ 1,282,357 $ 1,283,103 $ 1,262,674 $ 284,038 $ (2,829,815 ) $ 1,282,357 Condensed Consolidating Statement of Operations For the Year Ended December 31, 2018 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Revenue $ — $ — $ 11,998,469 $ 9,341,619 $ — $ 21,340,088 Costs and expenses: Cost of revenue — — 9,513,947 6,935,265 — 16,449,212 Operating, administrative and other 24,523 1,156 1,715,150 1,624,944 — 3,365,773 Depreciation and amortization — — 271,378 180,610 — 451,988 Total costs and expenses 24,523 1,156 11,500,475 8,740,819 — 20,266,973 Gain on disposition of real estate — — 7,705 7,169 — 14,874 Operating (loss) income (24,523 ) (1,156 ) 505,699 607,969 — 1,087,989 Equity income from unconsolidated subsidiaries — — 323,080 1,584 — 324,664 Other income (loss) — 1 103,657 (10,638 ) — 93,020 Interest expense, net of interest income — (32,031 ) 329,083 (198,367 ) — 98,685 Write-off of financing costs on extinguished debt — 27,982 — — — 27,982 Royalty and management service (income) expense — — (61,626 ) 61,626 — — Income from consolidated subsidiaries 1,081,643 1,079,469 578,320 — (2,739,432 ) — Income before (benefit of) provision for income taxes 1,057,120 1,082,363 1,243,299 735,656 (2,739,432 ) 1,379,006 (Benefit of) provision for income taxes (6,099 ) 720 163,830 154,607 — 313,058 Net income 1,063,219 1,081,643 1,079,469 581,049 (2,739,432 ) 1,065,948 Less: Net income attributable to non-controlling interests — — — 2,729 — 2,729 Net income attributable to CBRE Group, Inc. $ 1,063,219 $ 1,081,643 $ 1,079,469 $ 578,320 $ (2,739,432 ) $ 1,063,219 Condensed Consolidating Statement of Operations For the Year Ended December 31, 2017 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Revenue $ — $ — $ 10,702,005 $ 7,926,782 $ — $ 18,628,787 Costs and expenses: Cost of revenue — — 8,517,114 5,787,985 — 14,305,099 Operating, administrative and other 5,661 1,972 1,437,641 1,413,446 — 2,858,720 Depreciation and amortization — — 239,863 166,251 — 406,114 Total costs and expenses 5,661 1,972 10,194,618 7,367,682 — 17,569,933 Gain on disposition of real estate — — 6,037 13,791 — 19,828 Operating (loss) income (5,661 ) (1,972 ) 513,424 572,891 — 1,078,682 Equity income from unconsolidated subsidiaries — — 206,655 3,552 — 210,207 Other income — 1 22 9,382 — 9,405 Interest expense, net of interest income — (10,648 ) 110,494 27,115 — 126,961 Royalty and management service expense (income) — — 66,191 (66,191 ) — — Income from consolidated subsidiaries 700,608 695,245 464,046 — (1,859,899 ) — Income before (benefit of) provision for income taxes 694,947 703,922 1,007,462 624,901 (1,859,899 ) 1,171,333 (Benefit of) provision for income taxes (2,162 ) 3,314 312,217 154,388 — 467,757 Net income 697,109 700,608 695,245 470,513 (1,859,899 ) 703,576 Less: Net income attributable to non-controlling interests — — — 6,467 — 6,467 Net income attributable to CBRE Group, Inc. $ 697,109 $ 700,608 $ 695,245 $ 464,046 $ (1,859,899 ) $ 697,109 Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2019 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Net income $ 1,282,357 $ 1,283,103 $ 1,262,674 $ 293,131 $ (2,829,815 ) $ 1,291,450 Other comprehensive income: Foreign currency translation loss — — — (14,092 ) — (14,092 ) Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 1,320 — — — 1,320 Unrealized holding gains on available for sale debt securities, net — — 2,101 — — 2,101 Pension liability adjustments, net — — — 944 — 944 Legal entity restructuring, net — — — 63,149 — 63,149 Other, net — (104 ) — (14,842 ) — (14,946 ) Total other comprehensive income — 1,216 2,101 35,159 — 38,476 Comprehensive income 1,282,357 1,284,319 1,264,775 328,290 (2,829,815 ) 1,329,926 Less: Comprehensive income attributable to non-controlling interests — — — 9,048 — 9,048 Comprehensive income attributable to CBRE Group, Inc. $ 1,282,357 $ 1,284,319 $ 1,264,775 $ 319,242 $ (2,829,815 ) $ 1,320,878 Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2018 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Net income $ 1,063,219 $ 1,081,643 $ 1,079,469 $ 581,049 $ (2,739,432 ) $ 1,065,948 Other comprehensive income (loss): Foreign currency translation loss — — — (161,384 ) — (161,384 ) Adoption of Accounting Standards Update 2016-01, net — — (3,964 ) — — (3,964 ) Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 2,439 — — — 2,439 Unrealized gains on interest rate swaps, net — 708 — — — 708 Unrealized holding losses on available for sale debt securities, net — — (971 ) — — (971 ) Pension liability adjustments, net — — — 1,315 — 1,315 Other, net — — 7 (5,077 ) — (5,070 ) Total other comprehensive income (loss) — 3,147 (4,928 ) (165,146 ) — (166,927 ) Comprehensive income 1,063,219 1,084,790 1,074,541 415,903 (2,739,432 ) 899,021 Less: Comprehensive income attributable to non-controlling interests — — — 1,657 — 1,657 Comprehensive income attributable to CBRE Group, Inc. $ 1,063,219 $ 1,084,790 $ 1,074,541 $ 414,246 $ (2,739,432 ) $ 897,364 Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2017 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Net income $ 697,109 $ 700,608 $ 695,245 $ 470,513 $ (1,859,899 ) $ 703,576 Other comprehensive (loss) income: Foreign currency translation gain — — — 218,001 — 218,001 Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 4,964 — — — 4,964 Unrealized gains on interest rate swaps, net — 585 — — — 585 Unrealized holding gains on available for sale debt securities, net — — 2,557 180 — 2,737 Pension liability adjustments, net — — — 12,701 — 12,701 Other, net (2 ) — (21 ) 387 — 364 Total other comprehensive (loss) income (2 ) 5,549 2,536 231,269 — 239,352 Comprehensive income 697,107 706,157 697,781 701,782 (1,859,899 ) 942,928 Less: Comprehensive income attributable to non-controlling interests — — — 6,879 — 6,879 Comprehensive income attributable to CBRE Group, Inc. $ 697,107 $ 706,157 $ 697,781 $ 694,903 $ (1,859,899 ) $ 936,049 Condensed Consolidating Statement of Cash Flow For the Year Ended December 31, 2019 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Consolidated Total CASH FLOWS PROVIDED BY OPERATING ACTIVITIES: $ 133,051 $ 28,603 $ 906,398 $ 155,328 $ 1,223,380 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — (190,143 ) (103,371 ) (293,514 ) Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired — — (13,788 ) (342,138 ) (355,926 ) Contributions to unconsolidated subsidiaries — — (63,016 ) (42,931 ) (105,947 ) Distributions from unconsolidated subsidiaries — — 29,319 3,970 33,289 Purchase of equity securities — — (12,017 ) — (12,017 ) Proceeds from sale of equity securities — — 14,065 1,558 15,623 Purchase of available for sale debt securities — — (8,853 ) — (8,853 ) Proceeds from the sale of available for sale debt securities — — 4,671 — 4,671 Other investing activities, net — — 1,102 548 1,650 Net cash used in investing activities — — (238,660 ) (482,364 ) (721,024 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from senior term loans — 300,000 — — 300,000 Repayment of senior term loans — (300,000 ) — — (300,000 ) Proceeds from revolving credit facility — 3,609,000 — — 3,609,000 Repayment of revolving credit facility — (3,609,000 ) — — (3,609,000 ) Repayment of debt assumed in the acquisition of Telford Homes — — — (110,687 ) (110,687 ) Repurchase of common stock (145,137 ) — — — (145,137 ) Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) — — (30,268 ) (11,879 ) (42,147 ) Units repurchased for payment of taxes on equity awards (18,426 ) — — — (18,426 ) Non-controlling interest contributions — — — 46,612 46,612 Non-controlling interest distributions — — — (3,957 ) (3,957 ) Decrease (increase) in intercompany receivables, net 30,512 (45,862 ) (601,577 ) 616,927 — Other financing activities, net — (3,351 ) — 5,144 1,793 Net cash (used in) provided by financing activities (133,051 ) (49,213 ) (631,845 ) 542,160 (271,949 ) Effect of currency exchange rate changes on cash and cash equivalents and restricted cash — — — (606 ) (606 ) NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH — (20,610 ) 35,893 214,518 229,801 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 7 34,063 274,948 554,926 863,944 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD $ 7 $ 13,453 $ 310,841 $ 769,444 $ 1,093,745 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ — $ 69,667 $ — $ 16,999 $ 86,666 Income taxes, net $ — $ — $ 188,329 $ 176,736 $ 365,065 Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2018 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Consolidated Total CASH FLOWS PROVIDED BY OPERATING ACTIVITIES: $ 105,850 $ 21,834 $ 429,540 $ 574,025 $ 1,131,249 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — (140,670 ) (87,133 ) (227,803 ) Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired — — (305,315 ) (17,258 ) (322,573 ) Contributions to unconsolidated subsidiaries — — (51,046 ) (11,756 ) (62,802 ) Distributions from unconsolidated subsidiaries — — 57,269 4,440 61,709 Purchase of equity securities — — (21,402 ) — (21,402 ) Proceeds from sale of equity securities — — 16,314 — 16,314 Purchase of available for sale debt securities — — (23,360 ) — (23,360 ) Proceeds from the sale of available for sale debt securities — — 5,792 — 5,792 Other investing activities, net — — 2,793 10,648 13,441 Net cash used in investing activities — — (459,625 ) (101,059 ) (560,684 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from senior term loans — 550,000 — 452,745 1,002,745 Repayment of senior term loans — (450,000 ) — — (450,000 ) Proceeds from revolving credit facility — 3,258,000 — — 3,258,000 Repayment of revolving credit facility — (3,258,000 ) — — (3,258,000 ) Repayment of 5.00% senior notes (including premium) — (820,000 ) — — (820,000 ) Repayment of debt assumed in acquisition of FacilitySource — — (26,295 ) — (26,295 ) Repurchase of common stock (161,034 ) — — — (161,034 ) Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) — — (16,774 ) (1,886 ) (18,660 ) Units repurchased for payment of taxes on equity awards (29,386 ) — — — (29,386 ) Non-controlling interest contributions — — — 25,355 25,355 Non-controlling interest distributions — — — (13,413 ) (13,413 ) Decrease (increase) in intercompany receivables, net 84,213 716,837 233,975 (1,035,025 ) — Other financing activities, net 357 (212 ) (16 ) (16,041 ) (15,912 ) Net cash (used in) provided by financing activities (105,850 ) (3,375 ) 190,890 (588,265 ) (506,600 ) Effect of currency exchange rate changes on cash and cash equivalents and restricted cash — — — (24,840 ) (24,840 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH — 18,459 160,805 (140,139 ) 39,125 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 7 15,604 114,143 695,065 824,819 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD $ 7 $ 34,063 $ 274,948 $ 554,926 $ 863,944 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ — $ 102,491 $ — $ 1,674 $ 104,165 Income taxes, net $ — $ — $ 198,930 $ 176,919 $ 375,849 Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2017 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Consolidated Total CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 89,341 $ 37,990 $ 424,787 $ 342,293 $ 894,411 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — (121,347 ) (56,695 ) (178,042 ) Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired — — (87,248 ) (31,179 ) (118,427 ) Contributions to unconsolidated subsidiaries — — (63,119 ) (5,581 ) (68,700 ) Distributions from unconsolidated subsidiaries — — 52,896 10,768 63,664 Purchase of equity securities — — (15,584 ) — (15,584 ) Proceeds from sale of equity securities — — 15,587 — 15,587 Purchase of available for sale debt securities — — (19,280 ) — (19,280 ) Proceeds from the sale of available for sale debt securities — — 15,790 — 15,790 Other investing activities, net — — 1,968 424 2,392 Net cash used in investing activities — — (220,337 ) (82,263 ) (302,600 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from senior term loans — 200,000 — — 200,000 Repayment of senior term loans — (751,876 ) — — (751,876 ) Proceeds from revolving credit facility — 1,521,000 — — 1,521,000 Repayment of revolving credit facility — (1,521,000 ) — — (1,521,000 ) Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) — — (19,854 ) (4,152 ) (24,006 ) Units repurchased for payment of taxes on equity awards (29,549 ) — — — (29,549 ) Non-controlling interest contributions — — — 5,301 5,301 Non-controlling interest distributions — — — (8,715 ) (8,715 ) (Increase) decrease in intercompany receivables, net (60,271 ) 520,579 (338,396 ) (121,912 ) — Other financing activities, net 479 (7,978 ) (3,145 ) (8,253 ) (18,897 ) Net cash used in financing activities (89,341 ) (39,275 ) (361,395 ) (137,731 ) (627,742 ) Effect of currency exchange rate changes on cash and cash equivalents and restricted cash — — — 29,338 29,338 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH — (1,285 ) (156,945 ) 151,637 (6,593 ) CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 7 16,889 271,088 543,428 831,412 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD $ 7 $ 15,604 $ 114,143 $ 695,065 $ 824,819 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ — $ 117,072 $ — $ 92 $ 117,164 Income taxes, net $ — $ — $ 198,520 $ 158,477 $ 356,997

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2019
Valuation And Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	CBRE GROUP, INC. SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS (Dollars in thousands) Allowance for Doubtful Accounts Balance, December 31, 2016 $ 39,469 Charges to expense 8,044 Write-offs, payments and other (724 ) Balance, December 31, 2017 46,789 Charges to expense 19,760 Write-offs, payments and other (6,201 ) Balance, December 31, 2018 60,348 Charges to expense 20,373 Write-offs, payments and other (7,996 ) Balance, December 31, 2019 $ 72,725

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include our accounts and those of our consolidated subsidiaries, which are comprised of variable interest entities in which we are the primary beneficiary and voting interest entities, in which we determined we have a controlling financial interest, under the “ Consolidations Variable Interest Entities (VIEs) We determine whether an entity is a VIE and, if so, whether it should be consolidated by utilizing judgments and estimates that are inherently subjective. Our determination of whether an entity in which we hold a direct or indirect variable interest is a VIE is based on several factors, including whether the entity’s total equity investment at risk upon inception is sufficient to finance the entity’s activities without additional subordinated financial support. We make judgments regarding the sufficiency of the equity at risk based first on a qualitative analysis, and then a quantitative analysis, if necessary. We analyze any investments in VIEs to determine if we are the primary beneficiary. In evaluating whether we are the primary beneficiary, we evaluate our direct and indirect economic interests in the entity. A reporting entity is determined to be the primary beneficiary if it holds a controlling financial interest in the VIE. Determining which reporting entity, if any, has a controlling financial interest in a VIE is primarily a qualitative approach focused on identifying which reporting entity has both: (i) the power to direct the activities of a VIE that most significantly impact such entity’s economic performance; and (ii) the obligation to absorb losses or the right to receive benefits from such entity that could potentially be significant to such entity. Performance of that analysis requires the exercise of judgment. We consider a variety of factors in identifying the entity that holds the power to direct matters that most significantly impact the VIE’s economic performance including, but not limited to, the ability to direct financing, leasing, construction and other operating decisions and activities. In addition, we consider the rights of other investors to participate in those decisions, to replace the manager and to sell or liquidate the entity. We determine whether we are the primary beneficiary of a VIE at the time we become involved with a variable interest entity and reconsider that conclusion continually. We consolidate any VIE of which we are the primary beneficiary and disclose significant VIEs of which we are not the primary beneficiary, if any, as well as disclose our maximum exposure to loss related to VIEs that are not consolidated (see Note 6). Voting Interest Entities (VOEs) For VOEs, we consolidate the entity if we have a controlling financial interest. We have a controlling financial interest in a VOE if: (i) for legal entities other than limited partnerships, we own a majority voting interest in the VOE or, for limited partnerships and similar entities, we own a majority of the entity’s kick-out rights through voting limited partnership interests; and (ii) non-controlling shareholders or partners do not hold substantive participating rights and no other conditions exist that would indicate that we do not control the entity. Other Investments Our investments in unconsolidated subsidiaries in which we have the ability to exercise significant influence over operating and financial policies, but do not control, or entities which are variable interest entities in which we are not the primary beneficiary are accounted for under the equity method. We eliminate transactions with such equity method subsidiaries to the extent of our ownership in such subsidiaries. Accordingly, our share of the earnings from these equity-method basis companies is included in consolidated net income. All other investments held on a long-term basis are valued at cost less any impairment in value. Marketable Securities Debt securities are classified as held to maturity when we have the positive intent and ability to hold the securities to maturity. Marketable debt securities not classified as held to maturity are classified as available for sale. Available for sale debt securities are carried at their fair value and any difference between cost and fair value is recorded as an unrealized gain or loss, net of income taxes, and is reported as accumulated other comprehensive income (loss) in the consolidated statement of equity. Premiums and discounts are recognized in interest using the effective interest method. Realized gains and losses and declines in value expected to be other-than-temporary on available for sale debt securities have not been significant. The cost of securities sold is based on the specific identification method. Interest and dividends on securities classified as available for sale are included in interest income. All equity securities that do not result in consolidation and are not accounted for under the equity method are measured at fair value with changes therein reflected in net income. Equity instruments that do not have readily determinable fair values and do not qualify for using the net asset value per share practical expedient in the “Fair Value Measurements and Disclosures” Impairment Evaluation Impairment losses are recognized upon evidence of other-than-temporary losses of value. When testing for impairment on investments that are not actively traded on a public market, we generally use a discounted cash flow approach to estimate the fair value of our investments and/or look to comparable activities in the marketplace. Management’s judgment is required in developing the assumptions for the discounted cash flow approach. These assumptions include net asset values, internal rates of return, discount and capitalization rates, interest rates and financing terms, rental rates, timing of leasing activity, estimates of lease terms and related concessions, etc. When determining if impairment is other-than-temporary, we also look to the length of time and the extent to which fair value has been less than cost as well as the financial condition and near-term prospects of each investment. Based on our review, we did not record any significant other-than-temporary impairment losses during the years ending December 31, 2019, 2018 and 2017.
Use of Estimates	Use of Estimates Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S.), or GAAP, which require management to make estimates and assumptions about future events. These estimates and assumptions affect the amounts of assets, liabilities, revenue and expenses we report. Such estimates include the value of goodwill, intangibles and other long-lived assets, accounts receivable, investments in unconsolidated subsidiaries and assumptions used in the calculation of income taxes, retirement and other post-employment benefits, among others. These estimates and assumptions are based on management’s best judgment, and are evaluated on an ongoing basis and adjusted, as needed, using historical experience and other factors, including consideration of the macroeconomic environment. As future events and their effects cannot be forecast with precision, actual results could differ significantly from these estimates. Changes in estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents generally consist of cash and highly liquid investments with an original maturity of three months or less. Included in the accompanying consolidated balance sheets as of December 31, 2019 and 2018 is cash and cash equivalents of $70.5 million and $155.2 million, respectively, from consolidated funds and other entities, which are not available for general corporate use. We also manage certain cash and cash equivalents as an agent for our investment and property and facilities management clients. These amounts are not included in the accompanying consolidated balance sheets (see Fiduciary Funds
Restricted Cash	Restricted Cash Included in the accompanying consolidated balance sheets as of December 31, 2019 and 2018 is restricted cash of $122.0 million and $86.7 million, respectively. The balances primarily include restricted cash set aside to cover funding obligations as required by contracts executed by us in the ordinary course of business.
Fiduciary Funds	Fiduciary Funds The accompanying consolidated balance sheets do not include the net assets of escrow, agency and fiduciary funds, which are held by us on behalf of clients and which amounted to $6.1 billion and $5.9 billion at December 31, 2019 and 2018, respectively.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject us to credit risk consist principally of trade receivables and interest-bearing investments. Users of real estate services account for a substantial portion of trade receivables and collateral is generally not required. The risk associated with this concentration is limited due to the large number of users and their geographic dispersion. We place substantially all of our interest-bearing investments with several major financial institutions to limit the amount of credit exposure with any one financial institution.
Property and Equipment	Property and Equipment Property and equipment, which includes leasehold improvements, is stated at cost, net of accumulated depreciation. Depreciation and amortization of property and equipment is computed primarily using the straight-line method over estimated useful lives ranging up to 10 years. Leasehold improvements are amortized over the term of their associated leases, excluding options to renew, since such leases generally do not carry prohibitive penalties for non-renewal. We capitalize expenditures that significantly increase the life of our assets and expense the costs of maintenance and repairs. We review property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If this review indicates that such assets are considered to be impaired, the impairment is recognized in the period the changes occur and represents the amount by which the carrying value exceeds the fair value of the asset. Certain costs related to the development or purchase of internal-use software are capitalized. Internal-use software costs that are incurred in the preliminary project stage are expensed as incurred. Significant direct consulting costs and certain payroll and related costs, which are incurred during the development stage of a project are generally capitalized and amortized over a three-year
Real Estate	Real Estate Classification and Impairment Evaluation We classify real estate in accordance with the criteria of the “ Property, Plant and Equipment Real estate held for sale is recorded at the lower of cost or fair value less cost to sell. If an asset’s fair value less cost to sell, based on discounted future cash flows, management estimates or market comparisons, is less than its carrying amount, an allowance is recorded against the asset. Real estate under development and real estate held for investment are carried at cost less depreciation, as applicable. Buildings and improvements included in real estate held for investment are depreciated using the straight-line method over estimated useful lives, generally up to 39 years. Tenant improvements included in real estate held for investment are amortized using the straight-line method over the shorter of their estimated useful lives or terms of the respective leases. Land improvements included in real estate held for investment are depreciated over their estimated useful lives, up to 15 years. A summary of our real estate assets is as follows (dollars in thousands): December 31, 2019 2018 Real estate under development, current (included in other current assets) $ 14,757 $ — Real estate and other assets held for sale (included in other current assets) 5,066 24 Real estate under development 185,508 4,586 Real estate held for investment (included in other assets, net) 8,101 9,923 Total real estate $ 213,432 $ 14,533 Real estate under development and real estate held for investment are evaluated for impairment and losses are recorded when undiscounted cash flows estimated to be generated by an asset are less than the asset’s carrying amount. The amount of the impairment loss, if any, is calculated as the excess of the asset’s carrying value over its fair value, which is determined using a discounted cash flow analysis, management estimates or market comparisons. Cost Capitalization and Allocation When acquiring, developing and constructing real estate assets, we capitalize recoverable costs. Capitalization begins when the activities related to development have begun and ceases when activities are substantially complete and the asset is available for occupancy. Recoverable costs capitalized include pursuit costs, or pre-acquisition/pre-construction costs, taxes and insurance, interest, development and construction costs and costs of incidental operations. We do not capitalize any internal costs when acquiring, developing and constructing real estate assets. We expense transaction costs for acquisitions that qualify as a business in accordance with the “ Business Combinations At times, we purchase bulk land that we intend to sell or develop in phases. The land basis allocated to each phase is based on the relative estimated fair value of the phases before construction. We allocate construction costs incurred relating to more than one phase between the various phases; if the costs cannot be specifically attributed to a certain phase or the improvements benefit more than one phase, we allocate the costs between the phases based on their relative estimated sales values, where practicable, or other value methods as appropriate under the circumstances. Relative allocations of the costs are revised as the sales value estimates are revised. When acquiring real estate with existing buildings, we allocate the purchase price between land, land improvements, building and intangibles related to in-place leases, if any, based on their relative fair values. The fair values of acquired land and buildings are determined based on an estimated discounted future cash flow model with lease-up assumptions as if the building was vacant upon acquisition. The fair value of in-place leases includes the value of lease intangibles for above or below-market rents and tenant origination costs, determined on a lease by lease basis. The capitalized values for both lease intangibles and tenant origination costs are amortized over the term of the underlying leases. Amortization related to lease intangibles is recorded as either an increase to or a reduction of rental income and amortization for tenant origination costs is recorded to amortization expense. Disposition of Real Estate We account for gains and losses on the sale of real estate and other nonfinancial assets or in substance nonfinancial assets to noncustomers that are not a output of our ordinary activities and are not a business in accordance with Topic 610-20, “Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets” We may also dispose of real estate through the transfer of a long-term leasehold representing a major part of the remaining economic life of the property. We account for these transfers as sales-type leases in accordance with the “ Lease
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Our acquisitions require the application of purchase accounting, which results in tangible and identifiable intangible assets and liabilities of the acquired entity being recorded at fair value. The difference between the purchase price and the fair value of net assets acquired is recorded as goodwill. The majority of our goodwill balance has resulted from our acquisition of CBRE Services, Inc. (CBRE Services) in 2001 (the 2001 Acquisition), our acquisition of Insignia Financial Group, Inc. (Insignia) in 2003 (the Insignia Acquisition), our acquisition of the Trammell Crow Company in 2006 (the Trammell Crow Company Acquisition), our acquisition of substantially all of the ING Group N.V. (ING) Real Estate Investment Management (REIM) operations in Europe and Asia, as well as substantially all of Clarion Real Estate Securities (CRES) in 2011 (collectively referred to as the REIM Acquisitions), our acquisition of Norland Managed Services Ltd (Norland) in 2013 (the Norland Acquisition), our acquisition of Johnson Controls, Inc. (JCI)’s Global Workplace Solutions (JCI-GWS) business in 2015, our acquisition of FacilitySource Holdings, LLC (FacilitySource) in 2018 and our acquisition of Telford Homes Plc (Telford) on October 1, 2019 amortized include certain management contracts identified in the REIM Acquisitions, a trademark, which was separately identified as a result of the 2001 Acquisition, as well as a trade name separately identified as a result of the REIM Acquisitions. The remaining other intangible assets primarily include customer relationships, mortgage servicing rights and trade names/trademarks , which are all being amortized over estimated useful lives ranging up to 20 years . We are required to test goodwill and other intangible assets deemed to have indefinite useful lives for impairment at least annually, or more often if circumstances or events indicate a change in the impairment status, in accordance with FASB ASC Topic 350, “ Intangibles – Goodwill and Other
Deferred Financing Costs	Deferred Financing Costs Costs incurred in connection with financing activities are generally deferred and amortized over the terms of the related debt agreements ranging up to ten years. D ebt issuance costs related to a recognized debt liability are presented in the accompanying consolidated balance sheets as a direct deduction from the carrying amount of that debt liability. Accounting Standards Update (ASU) 2015-15, “Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements” permits classifying debt issuance costs associated with a line of credit arrangement as an asset, regardless of whether there are any outstanding borrowings on the arrangement. During 2019, we entered into an additional incremental assumption agreement with respect to our credit agreement which: (i) extended the maturity of the U.S. dollar tranche A term loans, (ii) extended the termination date of the revolving credit commitments available and (iii) made certain changes to the interest rates and fees applicable to such tranche A term loans and revolving credit commitments. During the year ended December 31, 2019, we incurred approximately $5.8 million of financing costs, of which $2.6 million were included in write-off of financing costs on extinguished debt in the accompanying consolidated statements of operations. During 2018, we redeemed in full our $800.0 million aggregate outstanding principal amount of 5.00% senior notes. In connection with this early redemption, we incurred costs, including a $20.0 million premium paid and the write-off of $8.0 million of unamortized deferred financing costs, both of which were included in write-off of financing costs on extinguished debt in the accompanying consolidated statements of operations. Additionally, during 2018, we entered into an incremental term loan assumption agreement with respect to our credit agreement in connection with which we incurred approximately $1.6 million of financing costs. During 2017, we entered into a credit agreement in connection with which we incurred approximately $8.0 million of financing costs. See Note 11 for additional information on activities associated with our debt.
Revenue Recognition	Revenue Recognition We account for revenue with customers in accordance with FASB ASC Topic, “ Revenue from Contracts with Customers Other Assets and Deferred Costs – Contracts with Customers The following is a description of principal activities – separated by reportable segments – from which we generate revenue. For more detailed information about our reportable segments, see Notes 18 and 19. Advisory Services Our Advisory Services segment provides a comprehensive range of services globally, including property leasing, property sales, mortgage services, property management, project management services and valuation services. Property Leasing and Property Sales We provide strategic advice and execution for owners, investors, and occupiers of real estate in connection with the leasing of office, industrial and retail space. We also offer clients fully integrated property sales services under the CBRE Capital Markets brand. We are compensated for our services in the form of a commission and, in some instances may earn various forms of variable incentive consideration. Our commission is paid upon the occurrence of certain contractual event(s) which may be contingent. For example, a portion of our leasing commission may be paid upon signing of the lease by the tenant, with the remaining paid upon occurrence of another future contingent event (e.g. payment of first month’s rent or tenant move-in). For leases, we typically satisfy our performance obligation at a point in time when control is transferred; generally, at the time of the first contractual event where there is a present right to payment. We look to history, experience with a customer, and deal specific considerations as part of the most likely outcome estimation approach to support our judgement that the second contingency (if applicable) will be met. Therefore, we typically accelerate the recognition of the revenue associated with the second contingent event. For sales, our commission is typically paid at the closing of the sale, which represents transfer of control for services to the customer. In addition to our commission, we may recognize other forms of variable consideration which can include, but are not limited to, commissions subject to concession or claw back and volume based discounts or rebates. We assess variable consideration on a contract by contract basis, and when appropriate, recognize revenue based on our assessment of the outcome (using the most likely outcome approach or weighted probability) and historical results, if comparable and representative. We recognize variable consideration if it is deemed probable that there will not be significant reversal in the future. Mortgage Originations and Loan Sales We offer clients commercial mortgage and structured financing services. Fees from services within our mortgage brokerage business that are in the scope of Topic 606 include fees earned for the brokering of commercial mortgage loans primarily through relationships established with investment banking firms, national and regional banks, credit companies, insurance companies and pension funds. We are compensated for our brokerage services via a fee paid upon successful placement of a commercial mortgage borrower with a lender who will provide financing. The fee earned is contingent upon the funding of the loan, which represents the transfer of control for services to the customer. Therefore, we typically satisfy our performance obligation at the point in time of the funding of the loan. We also earn fees from the origination and sale of commercial mortgage loans for which the company retains the servicing rights. These fees are governed by the “ Fair Value Measurements and Disclosures Transfers and Servicing sale, the fair value of the mortgage servicing rights (MSR) to be retained is included in the forecasted proceeds from the anticipated loan sale and results in a net gain (which is reflected in revenue). Upon sale, we record a servicing asset or liability based on the fair value of the retained MSR associated with the transferred loan. Subsequent to the initial recording, MSRs are amortized and carried at the lower of amortized cost or fair value in other intangible assets in the accompanying consolidated balance sheets. They are amortized in proportion to and over the estimated period that the servicing income is expected to be received. Property Management and Project Management Services We provide property management services on a contractual basis for owners of and investors in office, industrial and retail properties. These services include construction management, marketing, building engineering, accounting and financial services. We are compensated for our services through a monthly management fee earned based on either a specified percentage of the monthly rental income, rental receipts generated from the property under management or a fixed fee. We are also often reimbursed for our administrative and payroll costs directly attributable to the properties under management. Property management services represent a series of distinct daily services rendered over time. Consistent with the transfer of control for distinct, daily services to the customer, revenue is recognized at the end of each period for the fees associated with the services performed. The amount of revenue recognized is presented gross for any services provided by our employees, as we control them. We generally do not control third-party services delivered to property management clients. As such, we report revenues net of third-party reimbursements. Project management services are often provided on a portfolio wide or programmatic basis. Revenues from project management services generally include fixed management fees, variable fees, and incentive fees if certain agreed-upon performance targets are met. Revenues from project management may also include reimbursement of payroll and related costs for personnel providing the services and subcontracted vendor costs. Project management services represent a series of distinct daily services rendered over time. Consistent with the transfer of control for distinct, daily services to the customer, revenue is typically recognized at the end of each period for the fees associated with the services performed. The amount of revenue recognized is presented gross for any services provided by our employees, as we control them. This is evidenced by our obligation for their performance and our ability to direct and redirect their work, as well as negotiate the value of such services. The amount of revenue recognized related to certain project management arrangements is presented gross (with offsetting expense recorded in cost of revenue) for reimbursements of costs of third-party services because we control those services that are delivered to the client. In the instances where we do not control third-party services delivered to the client, we report revenues net of the third-party reimbursements. In addition to our management fee, we receive various types of variable consideration which can include, but is not limited to; key performance indicator bonuses or penalties which may be linked to subcontractor performance, gross maximum price, glidepaths, savings guarantees, shared savings, or fixed fee structures. We assess variable consideration on a contract by contract basis, and when appropriate, recognize revenue based on our assessment of the outcome (using the most likely outcome approach or weighted probability) and historical results, if comparable and representative. Using management assessment, historical results and statistics, we recognize revenue if it is deemed probable there will not be significant reversal in the future. Valuation Services We provide valuation services that include market-value appraisals, litigation support, discounted cash flow analyses, feasibility studies as well as consulting services such as property condition reports, hotel advisory and environmental consulting. We are compensated for valuation services in the form of a fee, which is payable on the occurrence of certain events (e.g., a portion on the delivery of a draft report with the remaining on the delivery of the final report). For consulting services, we may be paid based on the occurrence of time or event-based milestones (such as the delivery of draft reports). We typically satisfy our performance obligation for valuation services as services are rendered over time. Global Workplace Solutions Our Global Workplace Solutions segment provides a broad suite of integrated, contractually-based outsourcing services globally for occupiers of real estate, including facilities management, project management and transaction services. Facilities Management and Project Management Services Facilities management involves the day-to-day management of client-occupied space and includes headquarter buildings, regional offices, administrative offices, data centers and other critical facilities, manufacturing and laboratory facilities, distribution facilities and retail space. Contracts for facilities management services are often structured so we are reimbursed for client-dedicated personnel costs and subcontracted vendor costs as well as associated overhead expenses plus a monthly fee, and, in some cases, annual incentives tied to agreed-upon performance targets, with any penalties typically capped. In addition, we have contracts for facilities management services based on fixed fees or guaranteed maximum prices. Fixed fee contracts are typically structured where an agreed upon scope of work is delivered for a fixed price while guaranteed maximum price contracts are structured with an agreed upon scope of work that will be provided to the client for a not to exceed price. Facilities management services represent a series of distinct daily services rendered over time. Consistent with the transfer of control for distinct, daily services to the customer, revenue is typically recognized at the end of each period for the fees associated with the services performed. Project management services are often provided on a portfolio wide or programmatic basis. Revenues from project management services generally includes fixed management fees, variable fees, and incentive fees if certain agreed-upon performance targets are met. Revenues from project management may also include reimbursement of payroll and related costs for personnel providing the services and subcontracted vendor costs. Project management services represent a series of distinct daily services rendered over time. Consistent with the transfer of control for distinct, daily services to the customer, revenue is typically recognized at the end of each period for the fees associated with the services performed. The amount of revenue recognized is presented gross for any services provided by our employees, as we control them. This is evidenced by our obligation for their performance and our ability to direct and redirect their work, as well as negotiate the value of such services. The amount of revenue recognized related to the majority of facilities management contracts and certain project management arrangements is presented gross (with offsetting expense recorded in cost of revenue) for reimbursements of costs of third-party services because we control those services that are delivered to the client. In the instances when we do not control third-party services delivered to the client, we report revenues net of the third-party reimbursements. In addition to our management fee, we receive various types of variable consideration which can include, but is not limited to; key performance indicator bonuses or penalties which may be linked to subcontractor performance, gross maximum price, glidepaths, savings guarantees, shared savings, or fixed fee structures. We assess variable consideration on a contract by contract basis, and when appropriate, recognize revenue based on our assessment of the outcome (using the most likely outcome approach or weighted probability) and historical results, if comparable and representative. Using management assessment, historical results and statistics, we recognize revenue if it is deemed probable there will not be significant reversal in the future. Transaction Services We provide strategic advice and execution for occupiers of real estate in connection with the leasing, sale or acquisition of office, industrial and retail space. Within the Global Workplace Solutions business, transaction services are performed for account-based clients, often as a key part of an integrated suite of commercial real estate services (with leasing being the most meaningful revenue stream included in our Global Workplace Solutions revenue). Similar to the transaction services (leasing sale or acquisition of space) we perform in our Advisory Services segment, we are compensated for our services in the form of a commission whereby a portion of our leasing commission may be paid upon signing of the lease by the client, with the remaining paid upon occurrence of another future contingent event. We typically satisfy our performance obligation at a point in time when control is transferred; generally, at the time of the first contractual event where there is a present right to payment. We look to history, experience with a customer, and deal specific considerations as part of the most likely outcome estimation approach to support our judgement that the second contingency (if applicable) will be met. Therefore, we typically accelerate the recognition of the revenue associated with the second contingent event. Real Estate Investments Our Real Estate Investments segment is comprised of investment management services provided globally; development services in the U.S. and United Kingdom (U.K.) and a service designed to help property occupiers and owners meet the growing demand for flexible office space solutions on a global basis. Investment Management Services Our investment management services are provided to pension funds, insurance companies, sovereign wealth funds, foundations, endowments and other institutional investors seeking to generate returns and diversification through investment in real assets. We sponsor investment programs that span the risk/return spectrum in: North America, Europe, Asia and Australia. We are typically compensated in the form of a base management fee, disposition fees, acquisition fees and incentive fees in the form of performance fees or carried interest based on fund type (open or closed ended, respectively). For the base management fee, we typically satisfy the performance obligation as service is rendered over time pursuant to the series guidance. Consistent with the transfer of control for distinct, daily services to the customer, revenue is recognized at the end of each period for the fees associated with the services performed. For acquisition and disposition services, we typically satisfy the performance obligation at a point in time (at acquisition or upon disposition). For contracts with contingent fees, including performance fees, incentive fees and carried interest, we assess variable consideration on a contract by contract basis, and when appropriate, recognize revenue based on our assessment of the outcome (using the most likely outcome approach or weighted probability) and historical results, if comparable and representative. Revenue associated with performance fees and carried interest are typically constrained due to volatility in the real estate market, a broad range of possible outcomes, and other factors in the market that are outside of our control. Development Services Our development services consist of real estate development and investment activities in the United States to users of and investors in commercial real estate, as well as for our own account. In addition, with our recent acquisition of Telford Homes, we also develop residential-led, mixed-use sites in locations across London. We pursue opportunistic, risk-mitigated development and investment in commercial real estate across a wide spectrum of property types, including: industrial, office and retail properties; healthcare facilities of all types (medical office buildings, hospitals and ambulatory surgery centers); and residential/mixed-use projects. We pursue development and investment activity on behalf of our clients on a fee basis with no, or limited, ownership interest in a property, in partnership with our clients through co-investment – either on an individual project basis or through programs with certain strategic capital partners or for our own account with 100% ownership. Development services represent a series of distinct daily services rendered over time. Consistent with the transfer of control for distinct, daily services to the customer, revenue is recognized at the end of each period for the fees associated with the services performed. Fees are typically payable monthly over the service term or upon contractual defined events, like project milestones. In addition to development fee revenue, we receive various types of variable consideration which can include, but is not limited to, contingent lease-up bonuses, cost saving incentives, profit sharing on sales and at-risk fees. We assess variable consideration on a contract by contract basis, and when appropriate, recognize revenue based on our assessment of the outcome (using the most likely outcome approach or weighted probability) and historical results, if comparable and representative. We accelerate revenue if it is deemed probable there will not be significant reversal in the future. Sales of real estate to customers which are considered an output of ordinary activities are recognized as revenue when or as control of the assets are transferred to the customer. Flexible-Space Solutions Flexible-space solutions operations are conducted through our indirect wholly-owned subsidiary, CBRE Hana, LLC, which we also refer to as Hana. Hana develops and operates integrated, scalable, flexible workspaces, which contain office suites, conference rooms and event space and communal co-working space. Hana helps institutional property owners meet the rapidly growing demand from real estate occupiers for flexible office space solutions. Member services represent a series of distinct daily services rendered over time. Revenue is recognized at the end of each period for the fees associated with the services performed. Accounts Receivable and Allowance for Doubtful Accounts We record accounts receivable for our unconditional rights to consideration arising from our performance under contracts with customers. The carrying value of such receivables, net of the allowance for doubtful accounts, represents their estimated net realizable value. We estimate our allowance for doubtful accounts for specific accounts receivable balances based on historical collection trends, the age of outstanding accounts receivables and existing economic conditions associated with the receivables. Past-due accounts receivable balances are written off when our internal collection efforts have been unsuccessful. As a practical expedient, we do not adjust the promised amount of consideration for the effects of a significant financing component when we expect, at contract inception, that the period between our transfer of a promised service to a customer and when the customer pays for that service will be one year or less. We do not typically include extended payment terms in our contracts with customers. Remaining Performance Obligations Remaining performance obligations represent the aggregate transaction prices for contracts where our performance obligations have not yet been satisfied. As of December 31, 2019, the aggregate amount of transaction price allocated to remaining performance obligations in our property leasing business was not significant. We apply the practical expedient related to remaining performance obligations that are part of a contract that has an original expected duration of one year or less and the practical expedient related to variable consideration from remaining performance obligations pursuant to the series guidance. All of our remaining performance obligations apply to one of these practical expedients. Contract Assets and Contract Liabilities Contract assets represent assets for revenue that has been recognized in advance of billing the customer and for which the right to bill is contingent upon something other than the passage of time. This is common for contingent portions of commissions in brokerage, development and construction revenue in development services and incentive fees present in various businesses. Billing requirements vary by contract but are generally structured around fixed monthly fees, reimbursement of employee and other third-party costs, and the achievement or completion of certain contingent events. When we receive consideration, or such consideration is unconditionally due, from a customer prior to transferring services to the customer under the terms of the services contract, we record deferred revenue, which represents a contract liability. We recognize the contract liability as revenue once we have transferred control of service to the customer and all revenue recognition criteria are met. Contract assets and contract liabilities are determined for each contract on a net basis. For contract assets, we classify the short-term portion as a separate line item within current assets and the long-term portion within other assets, long-term in the accompanying consolidated balance sheets. For contract liabilities, we classify the short-term portion as a separate line item within current liabilities and the long-term portion within other liabilities, long-term in the accompanying consolidated balance sheets. Contract Costs Contract costs primarily consist of upfront costs incurred to obtain or to fulfill a contract. These costs are typically found within our Global Workplace Solutions segment. Such costs relate to transition costs to fulfill contracts prior to services being rendered and are included within other intangible assets in the accompanying consolidated balance sheets. Capitalized transition costs are amortized based on the transfer of services to which the assets relate which can vary on a contract by contract basis, and are included in cost of revenue in the accompanying consolidated statement of operations. For contract costs that are recognized as assets, we periodically review for impairment. Applying the contract cost practical expedient, we recognize the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the assets that we otherwise would have recognized is one year or less.
Business Promotion and Advertising Costs	Business Promotion and Advertising Costs The costs of business promotion and advertising are expensed as incurred. Business promotion and advertising costs of $76.1 million, $74.8 million and $63.1 million were included in operating, administrative and other expenses for the years ended December 31, 2019, 2018 and 2017, respectively.
Foreign Currencies	Foreign Currencies The financial statements of subsidiaries located outside the U.S. are generally measured using the local currency as the functional currency. The assets and liabilities of these subsidiaries are translated at the rates of exchange at the balance sheet date, and income and expenses are translated at the average monthly rate. The resulting translation adjustments are included in the accumulated other comprehensive loss component of equity. Gains and losses resulting from foreign currency transactions are included in the results of operations.
Comprehensive Income	Comprehensive Income Comprehensive income consists of net income and other comprehensive (loss) income. In the accompanying consolidated balance sheets, accumulated other comprehensive loss primarily consists of foreign currency translation adjustments, fees associated with the termination of interest rate swaps, unrealized gains (losses) on interest rate swaps, unrealized holding (losses) gains on available for sale debt securities and pension liability adjustments. Foreign currency translation adjustments exclude any income tax effect given that earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time (see Note 15).
Warehouse Receivables	Warehouse Receivables Our wholly-owned subsidiary CBRE Capital Markets, Inc. (CBRE Capital Markets) is a Federal Home Loan Mortgage Corporation (Freddie Mac) approved Multifamily Program Plus Seller/Servicer and an approved Federal National Mortgage Association (Fannie Mae) Aggregation and Negotiated Transaction Seller/Servicer. In addition, CBRE Capital Markets’ wholly-owned subsidiary CBRE Multifamily Capital, Inc. (CBRE MCI) is an approved Fannie Mae Delegated Underwriting and Servicing (DUS) Seller/Servicer and CBRE Capital Markets’ wholly-owned subsidiary CBRE HMF, Inc. (CBRE HMF) is a U.S. Department of Housing and Urban Development (HUD) approved Non-Supervised Federal Housing Authority (FHA) Title II Mortgagee, an approved Multifamily Accelerated Processing (MAP) lender and an approved Government National Mortgage Association (Ginnie Mae) issuer of mortgage-backed securities (MBS). Under these arrangements, before loans are originated through proceeds from warehouse lines of credit, we obtain either a contractual loan purchase commitment from either Freddie Mac or Fannie Mae or a confirmed forward trade commitment for the issuance and purchase of a Fannie Mae or Ginnie Mae MBS that will be secured by the loans. The warehouse lines of credit are generally repaid within a one-month period when Freddie Mac or Fannie Mae buys the loans or upon settlement of the Fannie Mae or Ginnie Mae MBS, while we retain the servicing rights. Loans are funded at the prevailing market rates. We elect the fair value option for all warehouse receivables. At December 31, 2019 and 2018, all of the warehouse receivables included in the accompanying consolidated balance sheets were either under commitment to be purchased by Freddie Mac or had confirmed forward trade commitments for the issuance and purchase of Fannie Mae or Ginnie Mae mortgage-backed securities that will be secured by the underlying loans.
Mortgage Servicing Rights	Mortgage Servicing Rights (MSRs) In connection with the origination and sale of mortgage loans with servicing rights retained, we record servicing assets or liabilities based on the fair value of the mortgage servicing rights on the date the loans are sold. Our MSRs are initially recorded at fair value. Subsequent to the initial recording, MSRs are amortized and carried at the lower of amortized cost or fair value in other intangible assets in the accompanying consolidated balance sheets. They are amortized in proportion to and over the estimated period that net servicing income is expected to be received based on projections and timing of estimated future net cash flows. Our initial recording of MSRs at their fair value resulted in net gains, as the fair value of servicing contracts that result in MSR assets exceeded the fair value of servicing contracts that result in MSR liabilities. The net assets and net gains are presented in the accompanying consolidated financial statements. The amount of MSRs recognized during the years ended December 31, 2019 and 2018 was as follows (dollars in thousands): Year Ended December 31, 2019 2018 Beginning balance, mortgage servicing rights $ 424,470 $ 373,131 Mortgage servicing rights recognized 182,443 173,737 Mortgage servicing rights sold — — Amortization expense (123,008 ) (115,743 ) Other (413 ) (6,655 ) Ending balance, mortgage servicing rights $ 483,492 $ 424,470 MSRs do not actively trade in an open market with readily available observable prices; therefore, fair value is determined based on certain assumptions and judgments, including the estimation of the present value of future cash flows realized from servicing the underlying mortgage loans. Management’s assumptions include the benefits of servicing (servicing fee income and interest on escrow deposits), inflation, the cost of servicing, prepayment rates, delinquencies, discount rates and the estimated life of servicing cash flows. The assumptions used are subject to change based on management’s judgments and estimates of changes in future cash flows and interest rates, among other things. The key assumptions used during the years ended December 31, 2019, 2018 and 2017 in measuring fair value were as follows: Year Ended December 31, 2019 2018 2017 Discount rate 10.12 % 10.00 % 10.06 % Conditional prepayment rate 10.34 % 8.89 % 8.88 % The estimated fair value of our MSRs was $579.8 million and $554.2 million as of December 31, 2019 and 2018, respectively. Impairment is evaluated through a comparison of the carrying amount and fair value of the MSRs, and recognized with the establishment of a valuation allowance. We did not incur any impairment charges related to our MSRs during the years ended December 31, 2019, 2018 or 2017. No valuation allowance was created previously and we did not record a valuation allowance for MSRs in 2019 or 2018. Included in revenue in the accompanying consolidated statements of operations are contractually specified servicing fees from loans serviced for others of $191.8 million, $167.5 million and $144.2 million for the years ended December 31, 2019, 2018 and 2017, respectively, and prepayment fees/late fees/ancillary income earned from loans serviced for others of $14.9 million, $15.9 million and $13.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.
Accounting for Broker Draws	Accounting for Broker Draws As part of our recruitment efforts relative to new U.S. brokers, we offer a transitional broker draw arrangement. Our broker draw arrangements generally last until such time as a broker’s pipeline of business is sufficient to allow him or her to earn sustainable commissions. This program is intended to provide the broker with a minimal amount of cash flow to allow adequate time for his or her training as well as time for him or her to develop business relationships. Similar to traditional salaries, the broker draws are paid irrespective of the actual revenues generated by the broker. Often these broker draws represent the only form of compensation received by the broker. Furthermore, it is not our general policy to pursue collection of unearned broker draws paid under this arrangement. As a result, we have concluded that broker draws are economically equivalent to salaries paid and accordingly charge them to compensation expense as incurred. The broker is also entitled to earn a commission on completed revenue transactions. This amount is calculated as the commission that would have been payable under our full commission program, less any amounts previously paid to the broker in the form of a draw.
Stock-Based Compensation	Stock-Based Compensation We account for all employee awards under the fair value recognition provisions of the “ Compensation – Stock Compensation See Note 14 for additional information on our stock-based compensation plans.
Income Per Share	Income Per Share Basic income per share attributable to CBRE Group, Inc. is computed by dividing net income attributable to CBRE Group, Inc. shareholders by the weighted average number of common shares outstanding during each period. The computation of diluted income per share attributable to CBRE Group, Inc. generally further assumes the dilutive effect of potential common shares, which include stock options and certain contingently issuable shares. Contingently issuable shares consist of non-vested stock awards.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method in accordance with the “ Accounting for Income Taxes We utilize a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the available evidence indicates there is more than a 50% likelihood that the position will be sustained upon examination, including resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount which is more than 50% likely of being realized upon ultimate settlement. The Tax Cuts and Jobs Act (the Tax Act) includes provisions for Global Intangible Low-Taxed Income (GILTI) wherein taxes on foreign earnings are imposed for more than a deemed return on tangible assets of foreign corporations. An accounting policy election allows to either: (i) account for GILTI as a component of tax expense in the period in which we are subject to the rules (the “period cost method”) or (ii) account for GILTI in our measurement of deferred taxes (the “deferred method”). During 2018, as a result of completing our analysis of the Tax Act, we made an accounting policy election to account for GILTI using the period cost method. See Note 15 for additional information on income taxes.
Self-Insurance	Self-Insurance Our wholly-owned captive insurance company, which is subject to applicable insurance rules and regulations, insures our exposure related to workers’ compensation insurance, general liability insurance and automotive insurance for our U.S. operations risk on a primary basis and we purchase excess coverage from unrelated insurance carriers. The captive insurance company also insures primary risk relating to professional indemnity claims globally. Given the nature of these types of claims, it may take several years for resolution and determination of the cost of these claims. We are required to estimate the cost of these claims in our financial statements. The estimates that we utilize to record our potential losses on claims are inherently subjective, and actual claims could differ from amounts recorded, which could result in increased or decreased expense in future periods. As of December 31, 2019 and 2018, our reserves for claims under these insurance programs were $125.8 million and $113.0 million, respectively, of which $1.8 million and $2.7 million, respectively, represented our estimated current liabilities.
Reclassifications	Reclassifications Certain reclassifications have been made to the 2018 and 2017 financial statements to conform with the 2019 presentation.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Real Estate Assets	A summary of our real estate assets is as follows (dollars in thousands): December 31, 2019 2018 Real estate under development, current (included in other current assets) $ 14,757 $ — Real estate and other assets held for sale (included in other current assets) 5,066 24 Real estate under development 185,508 4,586 Real estate held for investment (included in other assets, net) 8,101 9,923 Total real estate $ 213,432 $ 14,533
Schedule of Loan Servicing Rights Recognized	The amount of MSRs recognized during the years ended December 31, 2019 and 2018 was as follows (dollars in thousands): Year Ended December 31, 2019 2018 Beginning balance, mortgage servicing rights $ 424,470 $ 373,131 Mortgage servicing rights recognized 182,443 173,737 Mortgage servicing rights sold — — Amortization expense (123,008 ) (115,743 ) Other (413 ) (6,655 ) Ending balance, mortgage servicing rights $ 483,492 $ 424,470
Schedule of Assumptions Used in Measuring Fair Value of Servicing Assets	The key assumptions used during the years ended December 31, 2019, 2018 and 2017 in measuring fair value were as follows: Year Ended December 31, 2019 2018 2017 Discount rate 10.12 % 10.00 % 10.06 % Conditional prepayment rate 10.34 % 8.89 % 8.88 %

Telford Acquisition (Tables)

Telford Acquisition (Tables)	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Summary of Excess Purchase Price Over Estimated Fair Value of Net Assets Acquired	The following represents a summary of the excess purchase price over the estimated fair value of net assets acquired (dollars in thousands): Estimated purchase price $ 328,502 Less: Estimated fair value of net assets acquired (see table below) 297,669 Excess purchase price over estimated fair value of net assets acquired $ 30,833
Summary of Aggregate Estimated Fair Values of Assets Acquired and Liabilities Assumed	The following table summarizes the aggregate estimated fair values of the assets acquired and the liabilities assumed in the Telford Acquisition (dollars in thousands): Assets Acquired: Cash and cash equivalents $ 7,896 Receivables 6,993 Contract assets, current 31,850 Prepaid expenses 2,704 Property and equipment 2,637 Other intangible assets 26,749 Operating lease assets 6,488 Investments in unconsolidated subsidiaries 79,667 Non-current contract assets 8,015 Real estate under development 208,402 Deferred tax assets, net 2,857 Other assets (current and non-current) 99,429 Total assets acquired 483,687 Liabilities Assumed: Accounts payable and accrued expenses 47,552 Compensation and employee benefits payable 1,580 Accrued bonus 3,274 Operating lease liabilities 941 Contract liabilities, current 1,949 Income taxes payable 1,813 Line of credit 110,687 Non-current operating lease liabilities 5,547 Other liabilities (current and non-current) 12,675 Total liabilities assumed 186,018 Estimated Fair Value of Net Assets Acquired $ 297,669
Summary of Preliminary Estimate of Trademark Acquired	In connection with the Telford Acquisition, below is a summary of the preliminary estimate of the trademark acquired (dollars in thousands): As of December 31, 2019 Asset Class Amortization Period Amount Assigned at Acquisition Date Accumulated Amortization and Foreign Currency Translation Net Carrying Value Trademark 20 years $ 26,749 $ 1,725 $ 28,474
Summary of Pro Forma Results Prepared for Comparative Purposes	These unaudited pro forma results have been prepared for comparative purposes only and do not purport to be indicative of what operating results would have been had the Telford Acquisition occurred on January 1, 2018 and may not be indicative of future operating results (dollars in thousands, except share data): Year Ended December 31, 2019 2018 Revenue $ 24,158,427 $ 21,803,506 Operating income 1,294,480 1,157,051 Net income attributable to CBRE Group, Inc. 1,321,097 1,121,469 Basic income per share: Net income per share attributable to CBRE Group, Inc. $ 3.93 $ 3.31 Weighted average shares outstanding for basic income per share 335,795,654 339,321,056 Diluted income per share: Net income per share attributable to CBRE Group, Inc. $ 3.88 $ 3.27 Weighted average shares outstanding for diluted income per share 340,522,871 343,122,741

Warehouse Receivables & Wareh_2

Warehouse Receivables & Warehouse Lines of Credit (Tables)	12 Months Ended
	Dec. 31, 2019
Warehouse Receivables And Warehouse Lines Of Credit [Abstract]
Schedule of Warehouse Receivables	A rollforward of our warehouse receivables is as follows (dollars in thousands): Beginning balance at December 31, 2018 $ 1,342,468 Origination of mortgage loans 19,389,979 Gains (premiums on loan sales) 64,002 Proceeds from sale of mortgage loans: Sale of mortgage loans (19,741,058 ) Cash collections of premiums on loan sales (64,002 ) Proceeds from sale of mortgage loans (19,805,060 ) Net increase in mortgage servicing rights included in warehouse receivables 1,669 Ending balance at December 31, 2019 $ 993,058
Summary of Warehouse Lines of Credit in Place	The following table is a summary of our warehouse lines of credit in place as of December 31, 2019 and 2018 (dollars in thousands): December 31, 2019 December 31, 2018 Lender Current Maturity Pricing Maximum Facility Size Carrying Value Maximum Facility Size Carrying Value JP Morgan Chase Bank, N.A. (JP Morgan) (1) 10/19/2020 daily one-month LIBOR plus 1.30% $ 985,000 $ 267,075 $ 985,000 $ 871,680 JP Morgan (1) 10/19/2020 daily one-month LIBOR plus 2.75% 15,000 — 15,000 — Capital One, N.A. (Capital One) 7/27/2020 daily one-month LIBOR plus 1.25% 200,000 $ 39,538 325,000 120,195 Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program (2) Cancelable anytime daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35% 450,000 360,784 450,000 149,089 TD Bank, N.A. (TD Bank) (3) 6/30/2020 daily one-month LIBOR plus 1.15% 800,000 92,266 400,000 165,945 Bank of America, N.A. (BofA) 5/27/2020 daily one-month LIBOR plus 1.20% 350,000 189,465 — — BofA 5/27/2020 daily one-month LIBOR plus 1.15% 250,000 17,457 200,000 — BofA 6/4/2019 daily one-month LIBOR plus 1.30% — — 225,000 21,852 MUFG Union Bank, N.A. (Union Bank) (4) 6/28/2020 daily one-month LIBOR plus 1.20% 350,000 10,590 — — $ 3,400,000 $ 977,175 $ 2,600,000 $ 1,328,761 (1) Effective October 21, 2019, we amended this facility which extended the maturity date until October 19, 2020. (2) Effective February 6, 2020, the maximum facility size was temporarily increased from $450.0 million to $600.0 million, and will revert back to $450.0 million on March 1, 2020. (3) Effective July 1, 2019, this facility was amended with a revised interest rate of daily one-month LIBOR plus 1.15% and a maturity date of June 30, 2020. Effective August 1, 2019, this facility contained an accordion feature which provided for a temporary increase to $800.0 million, if needed, and expired on February 1, 2020. The temporary increase was never requested. (4) On June 28, 2019, we added a new warehouse facility for $200.0 million with Union Bank. This facility contains an accordion feature which allows for temporary increases not to exceed an additional $150.0 million. If utilized, the additional borrowings must be in predefined multiples and are not to occur more than three times within twelve consecutive months. Since inception, no short-term temporary increases have been requested.

Variable Interest Entities (V_2

Variable Interest Entities (VIEs) (Tables)	12 Months Ended
	Dec. 31, 2019
Equity Method Investments And Joint Ventures [Abstract]
Schedule of Maximum Exposure to Loss	As of December 31, 2019 and 2018, our maximum exposure to loss related to the VIEs which are not consolidated was as follows (dollars in thousands): December 31, 2019 2018 Investments in unconsolidated subsidiaries $ 30,484 $ 23,266 Other current assets 4,307 3,827 Co-investment commitments 29,696 22,363 Maximum exposure to loss $ 64,487 $ 49,456

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present the fair value of assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 and 2018 (dollars in thousands): As of December 31, 2019 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 6,998 $ — $ — $ 6,998 Debt securities issued by U.S. federal agencies — 10,639 — 10,639 Corporate debt securities — 29,098 — 29,098 Asset-backed securities — 5,152 — 5,152 Collateralized mortgage obligations — 2,222 — 2,222 Total available for sale debt securities 6,998 47,111 — 54,109 Equity securities 51,399 — — 51,399 Warehouse receivables — 993,058 — 993,058 Total assets at fair value $ 58,397 $ 1,040,169 $ — $ 1,098,566 As of December 31, 2018 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 3,138 $ — $ — $ 3,138 Debt securities issued by U.S. federal agencies — 11,196 — 11,196 Corporate debt securities — 27,201 — 27,201 Asset-backed securities — 5,017 — 5,017 Collateralized mortgage obligations — 2,224 — 2,224 Total available for sale debt securities 3,138 45,638 — 48,776 Equity securities 153,762 — — 153,762 Warehouse receivables — 1,342,468 — 1,342,468 Total assets at fair value $ 156,900 $ 1,388,106 $ — $ 1,545,006 Liabilities Interest rate swaps $ — $ 1,070 $ — $ 1,070 Securities sold, not yet purchased 3,133 — — 3,133 Total liabilities at fair value $ 3,133 $ 1,070 $ — $ 4,203
Summary of Non-Recurring Fair Value Measurement	The following non-recurring fair value measurement was recorded for the year ended December 31, 2019 (dollars in thousands): Net Carrying Value as of Fair Value Measured and Recorded Using Total Impairment Charges for the Year Ended December 31, 2019 Level 1 Level 2 Level 3 December 31, 2019 Other intangible assets $ 14,753 $ — $ — $ 14,753 $ 89,787

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Summary of Property and Equipment	Property and equipment consists of the following (dollars in thousands): December 31, Useful Lives 2019 2018 Computer hardware and software 2-10 years $ 1,011,704 $ 848,955 Leasehold improvements 1-15 years 551,049 472,952 Furniture and equipment 1-10 years 344,351 307,812 Total cost 1,907,104 1,629,719 Accumulated depreciation and amortization (1,070,898 ) (908,027 ) Property and equipment, net $ 836,206 $ 721,692

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Changes in Goodwill by Segment	The following table summarizes the changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 (dollars in thousands): Advisory Services Global Workplace Solutions Real Estate Investments Total Balance as of December 31, 2017 Goodwill $ 3,107,787 $ 623,355 $ 592,104 $ 4,323,246 Accumulated impairment losses (761,448 ) (175,473 ) (131,585 ) (1,068,506 ) 2,346,339 447,882 460,519 3,254,740 Purchase accounting entries related to acquisitions 188,071 288,243 (5,110 ) 471,204 Foreign exchange movement (25,904 ) (36,028 ) (11,703 ) (73,635 ) Balance as of December 31, 2018 Goodwill 3,269,954 875,570 575,291 4,720,815 Accumulated impairment losses (761,448 ) (175,473 ) (131,585 ) (1,068,506 ) 2,508,506 700,097 443,706 3,652,309 Purchase accounting entries related to acquisitions 29,544 7,657 42,176 79,377 Foreign exchange movement 2,720 16,279 2,808 21,807 Balance as of December 31, 2019 Goodwill 3,302,218 899,506 620,275 4,821,999 Accumulated impairment losses (761,448 ) (175,473 ) (131,585 ) (1,068,506 ) $ 2,540,770 $ 724,033 $ 488,690 $ 3,753,493
Schedule of Intangible Assets	Other intangible assets totaled $1,379.5 million, net of accumulated amortization of $1,358.5 million as of December 31, 2019, and $1,441.3 million, net of accumulated amortization of $1,180.4 million, as of December 31, 2018 and are comprised of the following (dollars in thousands): December 31, 2019 2018 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Unamortizable intangible assets: Management contracts $ 62,338 $ 86,585 Trademarks 56,800 56,800 Trade names 6,000 16,250 125,138 159,635 Amortizable intangible assets: Customer relationships 857,772 $ (519,162 ) 843,387 $ (435,225 ) Mortgage servicing rights 803,419 (319,927 ) 697,322 (272,852 ) Trademarks/Trade names 345,834 (92,730 ) 312,699 (76,514 ) Management contracts 142,767 (138,891 ) 200,251 (135,835 ) Covenant not to compete 73,750 (73,750 ) 73,750 (73,750 ) Other 389,394 (214,068 ) 334,657 (186,217 ) 2,612,936 (1,358,528 ) 2,462,066 (1,180,393 ) Total intangible assets $ 2,738,074 $ (1,358,528 ) $ 2,621,701 $ (1,180,393 )

Investments in Unconsolidated_2

Investments in Unconsolidated Subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2019
Equity Method Investments And Joint Ventures [Abstract]
Schedule of Condensed Financial Information of Equity Method Investments	Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in thousands): Condensed Balance Sheets Information: December 31, 2019 2018 Current assets $ 5,407,082 $ 3,931,111 Non-current assets 20,414,598 16,578,905 Total assets $ 25,821,680 $ 20,510,016 Current liabilities $ 2,241,930 $ 1,919,955 Non-current liabilities 5,857,413 4,495,117 Total liabilities $ 8,099,343 $ 6,415,072 Non-controlling interests $ 461,018 $ 261,654 Condensed Statements of Operations Information: Year Ended December 31, 2019 2018 2017 Revenue $ 1,545,424 $ 1,524,685 $ 1,392,590 Operating income 549,111 906,889 1,425,824 Net income 419,966 679,712 1,254,345

Long-Term Debt and Short-Term_2

Long-Term Debt and Short-Term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Long-Term Debt and Short-Term Borrowings	Total long-term debt and short-term borrowings consist of the following (dollars in thousands): December 31, 2019 2018 Long-Term Debt Senior term loans, with interest ranging from 0.75% to 3.38%, due through 2024 $ 748,531 $ 758,452 4.875% senior notes due in 2026, net of unamortized discount 597,052 596,653 5.25% senior notes due in 2025, net of unamortized premium 425,952 426,134 Other 1,861 3,682 Total long-term debt 1,773,396 1,784,921 Less: current maturities of long-term debt (1,814 ) (3,146 ) Less: unamortized debt issuance costs (10,337 ) (14,515 ) Total long-term debt, net of current maturities $ 1,761,245 $ 1,767,260 Short-Term Borrowings Warehouse lines of credit, with interest ranging from 2.95% to 5.25%, due in 2020 $ 977,175 $ 1,328,761 Other 4,534 — Total short-term borrowings $ 981,709 $ 1,328,761

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to our leases is as follows (dollars in thousands): Category Classification December 31, 2019 Assets Operating lease assets Operating lease assets $ 997,966 Financing lease assets Other assets, net 94,141 Total leased assets $ 1,092,107 Liabilities Current: Operating Operating lease liabilities $ 168,663 Financing Other current liabilities 34,966 Non-current: Operating Non-current operating lease liabilities 1,057,758 Financing Other liabilities 60,001 Total lease liabilities $ 1,321,388
Schedule of Components of Lease Costs	Components of lease cost are as follows (dollars in thousands): Component Classification Year Ended December 31, 2019 Operating lease cost Operating, administrative and other $ 189,106 Finance lease cost: Amortization of right-to-use assets (1) 31,081 Interest on lease liabilities Interest expense 1,317 Variable lease cost (2) 74,476 Sublease income Revenue (3,734 ) Total lease cost $ 292,246 (1) Amortization costs of $25.5 million from vehicle finance leases utilized in client outsourcing arrangements are included in cost of revenue. Amortization costs of $5.6 million from all other finance leases are included in depreciation and amortization. (2) Variable lease costs of $17.5 million from leases in client outsourcing arrangements are included in cost of revenue. Variable lease costs of $57.0 million from all other leases are included in operating, administrative and other.
Schedule of Weighted Average Remaining Lease Term and Discount Rate for Operating Leases	Weighted average remaining lease term and discount rate for our operating leases are as follows: December 31, 2019 Weighted-average remaining lease term: Operating leases 9 years Finance leases 3 years Weighted-average discount rate: Operating leases 3.4% Finance leases 2.3%
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities by fiscal year as of December 31, 2019 are as follows (dollars in thousands): Operating Leases Financing Leases 2020 $ 175,958 $ 35,532 2021 200,043 27,314 2022 178,314 19,264 2023 160,300 12,303 2024 148,681 4,628 Thereafter 569,360 — Total remaining lease payments at December 31, 2019 $ 1,432,656 $ 99,041 Less: Interest 206,235 4,074 Present value of lease liabilities at December 31, 2019 $ 1,226,421 $ 94,967
Schedule by Year of Future Minimum Lease Payments for Noncancelable Operating Leases	As previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2018 and under the previous lease accounting standard, the following is a schedule by year of future minimum lease payments for noncancelable operating leases as of December 31, 2018 (dollars in thousands): 2019 $ 238,954 2020 219,351 2021 202,205 2022 172,267 2023 145,705 Thereafter 510,741 Total minimum payment required $ 1,489,223
Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases	Supplemental cash flow information and non-cash activity related to our operating leases are as follows (dollars in thousands): Year Ended December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 167,652 Operating cash flows from financing leases 1,559 Financing cash flows from financing leases 32,352 Right-of-use assets obtained in exchange for new operating lease liabilities 168,972 Right-of-use assets obtained in exchange for new financing lease liabilities 63,041 Other non-cash increases in operating lease right-of-use assets (1) 47,851 Other non-cash decreases in finance lease right-of-use assets (1) (1,826 ) (1) These noncash increases in right-of-use assets resulted from lease modifications and remeasurements.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2019
Compensation And Retirement Disclosure [Abstract]
Schedule of Fair Value of TSR Performance RSUs	We estimated the fair value of the TSR Performance RSUs referred to above on the date of the grant using a Monte Carlo simulation with the following assumptions: Year Ended December 31, 2019 2018 2017 Volatility of common stock 25.96 % 25.02 % 27.85 % Expected dividend yield 0.00 % 0.00 % 0.00 % Risk-free interest rate 2.12 % 2.73 % 2.33 %
Schedule of Non-Vested Stock Awards	A summary of the status of our non-vested stock awards is presented in the table below: Shares/Units Weighted Average Market Value Per Share Balance at December 31, 2016 4,843,273 $ 31.66 Granted 5,152,082 40.11 Performance award achievement adjustments 489,219 30.93 Vested (2,510,031 ) 29.98 Forfeited (297,441 ) 32.85 Balance at December 31, 2017 7,677,102 37.76 Granted 2,023,266 45.70 Performance award achievement adjustments 282,953 38.09 Vested (2,177,800 ) 34.78 Forfeited (623,161 ) 40.85 Balance at December 31, 2018 7,182,360 41.04 Granted 2,000,977 50.07 Performance award achievement adjustments 166,007 37.36 Vested (1,323,351 ) 37.43 Forfeited (316,294 ) 42.09 Balance at December 31, 2019 7,709,699 43.89

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Components of Income Before Provision for Income Taxes	The components of income before provision for income taxes consisted of the following (dollars in thousands): Year Ended December 31, 2019 2018 2017 Domestic $ 839,899 $ 807,590 $ 575,222 Foreign 521,446 571,416 596,111 $ 1,361,345 $ 1,379,006 $ 1,171,333
Tax Provision (Benefit)	Our tax provision (benefit) consisted of the following (dollars in thousands): Year Ended December 31, 2019 2018 2017 Federal: Current $ (51,980 ) $ 166,024 $ 275,475 Deferred (74,432 ) (7,667 ) 39,045 (126,412 ) 158,357 314,520 State: Current 52,403 43,320 21,212 Deferred (5,760 ) (3,692 ) 5,573 46,643 39,628 26,785 Foreign: Current 163,833 149,194 123,840 Deferred (14,169 ) (34,121 ) 2,612 149,664 115,073 126,452 $ 69,895 $ 313,058 $ 467,757
Reconciliation of Pre-Tax Income	The following is a reconciliation stated as a percentage of pre-tax income of the U.S. statutory federal income tax rate to our effective tax rate: Year Ended December 31, 2019 2018 2017 Federal statutory tax rate 21 % 21 % 35 % Foreign rate differential 4 — (5 ) State taxes, net of federal benefit 3 3 2 Non-deductible expenses 1 2 2 Reserves for uncertain tax positions 1 — (2 ) Credits and exemptions (4 ) (2 ) (3 ) Outside basis differences recognized as a result of a legal entity restructuring (20 ) — — Tax Reform — 1 12 Change in valuation allowance — (1 ) (2 ) Acquisition-related costs — (2 ) — Other (1 ) 1 1 Effective tax rate 5 % 23 % 40 %
Temporary Tax Effects	Cumulative tax effects of temporary differences are shown below at December 31, 2019 and 2018 (dollars in thousands): December 31, 2019 2018 Asset (Liability) Tax losses and tax credits $ 330,839 $ 275,574 Operating lease liabilities 320,261 — Bonus and deferred compensation 280,747 276,572 Bad debt and other reserves 66,504 57,506 Pension obligation 24,022 22,950 Investments 5,236 5,211 Tax effect on revenue items related to Topic 606 adoption (25,620 ) (38,510 ) Property and equipment (54,370 ) (49,935 ) Unconsolidated affiliates and partnerships (63,594 ) (64,448 ) Capitalized costs and intangibles (277,246 ) (289,674 ) Operating lease assets (314,433 ) — All other (1,153 ) (2,457 ) Net deferred tax assets before valuation allowance 291,193 192,789 Valuation allowance (251,922 ) (248,511 ) Net deferred tax assets (liabilities) $ 39,271 $ (55,722 )
Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2019 and 2018 is as follows (dollars in thousands): Year Ended December 31, 2019 2018 Beginning balance, unrecognized tax benefits $ (94,962 ) $ (35,826 ) Gross increases - tax positions in prior period (22,229 ) (49,412 ) Gross decreases - tax positions in prior period 17,390 — Gross increases - current-period tax positions (45,262 ) (18,861 ) Decreases relating to settlements 218 4,619 Reductions as a result of lapse of statute of limitations 3,680 4,531 Foreign exchange movement 1 (13 ) Ending balance, unrecognized tax benefits $ (141,164 ) $ (94,962 )

Income Per Share Information (T

Income Per Share Information (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Calculation of Income Per Share	The following is a calculation of income per share (dollars in thousands, except share data): Year Ended December 31, 2019 2018 2017 Basic Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 1,282,357 $ 1,063,219 $ 697,109 Weighted average shares outstanding for basic income per share 335,795,654 339,321,056 337,658,017 Basic income per share attributable to CBRE Group, Inc. shareholders $ 3.82 $ 3.13 $ 2.06 Diluted Income Per Share Net income attributable to CBRE Group, Inc. shareholders $ 1,282,357 $ 1,063,219 $ 697,109 Weighted average shares outstanding for basic income per share 335,795,654 339,321,056 337,658,017 Dilutive effect of contingently issuable shares 4,727,217 3,801,293 3,121,987 Dilutive effect of stock options — 392 3,552 Weighted average shares outstanding for diluted income per share 340,522,871 343,122,741 340,783,556 Diluted income per share attributable to CBRE Group, Inc. shareholders $ 3.77 $ 3.10 $ 2.05

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2019
Revenue From Contract With Customer [Abstract]
Disaggregation of Revenue from Contracts with Customers	The following tables represent a disaggregation of revenue from contracts with customers for the years ended December 31, 2019, 2018 and 2017 by type of service and/or segment (dollars in thousands): Year Ended December 31, 2019 Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Topic 606 Revenue: Global workplace solutions $ — $ 14,164,001 $ — $ 14,164,001 Advisory leasing 3,269,993 — — 3,269,993 Advisory sales 2,130,979 — — 2,130,979 Property and advisory project management 2,255,398 2,255,398 Valuation 630,399 — — 630,399 Commercial mortgage origination (1) 154,227 — — 154,227 Loan servicing (2) 30,943 — — 30,943 Investment management — — 424,882 424,882 Development services — — 213,264 213,264 Topic 606 Revenue 8,471,939 14,164,001 638,146 23,274,086 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 421,736 — — 421,736 Loan servicing 175,793 — — 175,793 Development services (4) — — 22,476 22,476 Total Out of Scope of Topic 606 Revenue 597,529 — 22,476 620,005 Total revenue $ 9,069,468 $ 14,164,001 $ 660,622 $ 23,894,091 Year Ended December 31, 2018 (3) Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Topic 606 Revenue: Global workplace solutions $ — $ 12,365,362 $ — $ 12,365,362 Advisory leasing 3,080,117 — — 3,080,117 Advisory sales 1,980,932 1,980,932 Property and advisory project management 2,057,433 — — 2,057,433 Valuation 598,806 — — 598,806 Commercial mortgage origination (1) 136,534 — — 136,534 Loan servicing (2) 24,192 — — 24,192 Investment management — — 434,405 434,405 Development services — — 100,319 100,319 Topic 606 Revenue 7,878,014 12,365,362 534,724 20,778,100 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 402,814 — — 402,814 Loan servicing 159,174 — — 159,174 Total Out of Scope of Topic 606 Revenue 561,988 — — 561,988 Total revenue $ 8,440,002 $ 12,365,362 $ 534,724 $ 21,340,088 (1) We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606. (2) Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606. (3) Our new organizational structure became effective January 1, 2019. See Note 19 for additional information. Revenue classifications for 2018 and 2017 have been restated to conform to the new structure. (4) Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842. Year Ended December 31, 2017 (3) Advisory Services Global Workplace Solutions Real Estate Investments Consolidated Topic 606 Revenue: Global workplace solutions $ — $ 10,791,963 $ — $ 10,791,963 Advisory leasing 2,592,203 — — 2,592,203 Advisory sales 1,869,872 — — 1,869,872 Property and advisory project management 1,748,594 — — 1,748,594 Valuation 556,008 556,008 Commercial mortgage origination (1) 117,009 — — 117,009 Loan servicing (2) 19,759 — — 19,759 Investment management — — 377,644 377,644 Development services — — 79,455 79,455 Topic 606 Revenue 6,903,445 10,791,963 457,099 18,152,507 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 338,590 — — 338,590 Loan servicing 137,690 — — 137,690 Total Out of Scope of Topic 606 Revenue 476,280 — — 476,280 Total revenue $ 7,379,725 $ 10,791,963 $ 457,099 $ 18,628,787 (1) We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606. (2) Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606. (3) Our new organizational structure became effective January 1, 2019. See Note 19 for additional information. Revenue classifications for 2018 and 2017 have been restated to conform to the new structure.

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Summarized Financial Information by Segment	Summarized financial information by segment is as follows (dollars in thousands): Year Ended December 31, 2019 2018 2017 Revenue Advisory Services $ 9,069,468 $ 8,440,002 $ 7,379,725 Global Workspace Solutions 14,164,001 12,365,362 10,791,963 Real Estate Investments 660,622 534,724 457,099 Total revenue $ 23,894,091 $ 21,340,088 $ 18,628,787 Depreciation and Amortization Advisory Services $ 304,766 $ 280,921 $ 243,791 Global Workspace Solutions 120,975 147,222 136,127 Real Estate Investments 13,483 23,845 26,196 Total depreciation and amortization $ 439,224 $ 451,988 $ 406,114 Equity Income (Loss) from Unconsolidated Subsidiaries Advisory Services $ 6,894 $ 16,017 $ 20,740 Global Workspace Solutions (1,423 ) 115 — Real Estate Investments 155,454 308,532 189,467 Total equity income from unconsolidated subsidiaries $ 160,925 $ 324,664 $ 210,207 Adjusted EBITDA Advisory Services $ 1,465,792 $ 1,303,251 $ 1,174,943 Global Workspace Solutions 424,026 345,560 334,377 Real Estate Investments 173,965 256,357 207,454 Total Adjusted EBITDA $ 2,063,783 $ 1,905,168 $ 1,716,774
Adjusted EBITDA Calculation by Segment	Adjusted EBITDA is calculated as follows (dollars in thousands): Year Ended December 31, 2019 2018 2017 Net income attributable to CBRE Group, Inc. $ 1,282,357 $ 1,063,219 $ 697,109 Add: Depreciation and amortization 439,224 451,988 406,114 Intangible asset impairment 89,787 — — Interest expense, net of interest income 85,754 98,685 126,961 Write-off of financing costs on extinguished debt 2,608 27,982 — Provision for income taxes 69,895 313,058 467,757 EBITDA 1,969,625 1,954,932 1,697,941 Adjustments: Costs associated with our reorganization, including cost-savings initiatives (1) 49,565 37,925 — Integration and other costs related to acquisitions 15,292 9,124 27,351 Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue 13,101 (5,261 ) (8,518 ) Impact of fair value adjustments to real estate assets acquired in the Telford Acquisition (purchase accounting) that were sold in period 9,301 — — Costs incurred related to legal entity restructuring 6,899 — — Costs incurred in connection with litigation settlement — 8,868 — One-time gain associated with remeasuring an investment in an unconsolidated subsidiary to fair value as of the date the remaining controlling interest was acquired — (100,420 ) — Adjusted EBITDA $ 2,063,783 $ 1,905,168 $ 1,716,774 (1) Primarily represents severance costs related to headcount reductions in connection with our reorganization announced in the third quarter of 2018 that became effective January 1, 2019.
Summary of Geographic Information	Revenue in the table below is allocated based upon the country in which services are performed (dollars in thousands): Year Ended December 31, 2019 2018 2017 Revenue United States $ 13,852,018 $ 12,264,188 $ 10,954,608 United Kingdom 2,972,704 2,586,890 2,242,973 All other countries 7,069,369 6,489,010 5,431,206 Total revenue $ 23,894,091 $ 21,340,088 $ 18,628,787

Guarantor and Nonguarantor Fi_2

Guarantor and Nonguarantor Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet As of December 31, 2019 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total ASSETS Current Assets: Cash and cash equivalents $ 7 $ 13,453 $ 254,992 $ 703,329 $ — $ 971,781 Restricted cash — — 55,849 66,115 — 121,964 Receivables, net — 16 1,627,598 2,839,060 — 4,466,674 Warehouse receivables (1) — — 303,559 689,499 — 993,058 Contract assets — — 286,225 41,787 — 328,012 Prepaid expenses — — 127,413 155,328 — 282,741 Income taxes receivable — — 91,398 2,517 — 93,915 Other current assets — — 70,554 205,765 — 276,319 Total Current Assets 7 13,469 2,817,588 4,703,400 — 7,534,464 Property and equipment, net — — 560,509 275,697 — 836,206 Goodwill — — 2,249,274 1,504,219 — 3,753,493 Other intangible assets, net — — 726,897 652,649 — 1,379,546 Operating lease assets — — 451,769 546,197 — 997,966 Investments in unconsolidated subsidiaries — — 273,532 153,179 — 426,711 Non-current contract assets — — 175,215 26,545 — 201,760 Real estate under development — — — 185,508 — 185,508 Investments in consolidated subsidiaries 8,395,563 6,642,233 2,816,035 — (17,853,831 ) — Intercompany loan receivable — 3,054,548 700,000 — (3,754,548 ) — Non-current income taxes receivable — — 113,194 25,942 — 139,136 Deferred tax assets, net — — 57,639 106,127 (89,902 ) 73,864 Other assets, net — 17,016 480,968 170,558 — 668,542 Total Assets $ 8,395,570 $ 9,727,266 $ 11,422,620 $ 8,350,021 $ (21,698,281 ) $ 16,197,196 LIABILITIES AND EQUITY Current Liabilities: Accounts payable and accrued expenses $ — $ 17,790 $ 947,817 $ 1,470,477 $ — $ 2,436,084 Compensation and employee benefits payable — — 758,367 566,623 — 1,324,990 Accrued bonus and profit sharing — — 686,793 575,181 — 1,261,974 Operating lease liabilities — — 75,906 92,757 — 168,663 Contract liabilities — — 58,701 49,970 — 108,671 Income taxes payable — — 2,002 28,205 — 30,207 Short-term borrowings: Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) (1) — — 300,260 676,915 — 977,175 Other — — — 4,534 — 4,534 Total short-term borrowings — — 300,260 681,449 — 981,709 Current maturities of long-term debt — — 18 1,796 — 1,814 Other current liabilities — — 46,121 76,218 — 122,339 Total Current Liabilities — 17,790 2,875,985 3,542,676 — 6,436,451 Long-Term Debt, net: Long-term debt, net — 1,313,913 — 447,332 — 1,761,245 Intercompany loan payable 2,162,877 — 1,017,046 574,625 (3,754,548 ) — Total Long-Term Debt, net 2,162,877 1,313,913 1,017,046 1,021,957 (3,754,548 ) 1,761,245 Non-current operating lease liabilities — — 520,155 537,603 — 1,057,758 Non-current income taxes payable — — 93,647 — — 93,647 Non-current tax liabilities — — 40,066 45,900 — 85,966 Deferred tax liabilities, net — — — 124,495 (89,902 ) 34,593 Other liabilities — — 233,488 220,936 — 454,424 Total Liabilities 2,162,877 1,331,703 4,780,387 5,493,567 (3,844,450 ) 9,924,084 Commitments and contingencies — — — — — — Equity: CBRE Group, Inc. Stockholders’ Equity 6,232,693 8,395,563 6,642,233 2,816,035 (17,853,831 ) 6,232,693 Non-controlling interests — — — 40,419 — 40,419 Total Equity 6,232,693 8,395,563 6,642,233 2,856,454 (17,853,831 ) 6,273,112 Total Liabilities and Equity $ 8,395,570 $ 9,727,266 $ 11,422,620 $ 8,350,021 $ (21,698,281 ) $ 16,197,196 (1) Although CBRE Capital Markets is included among our domestic subsidiaries that jointly and severally guarantee our 4.875% senior notes, 5.25% senior notes and our 2019 Credit Agreement, a substantial majority of warehouse receivables funded under Fannie Mae ASAP, JP Morgan, BofA, TD Bank, Capital One and Union Bank lines of credit are pledged to Fannie Mae, JP Morgan, BofA, TD Bank, Capital One and Union Bank, and accordingly, are not included as collateral for these notes or our other outstanding debt. Condensed Consolidating Balance Sheet As of December 31, 2018 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total ASSETS Current Assets: Cash and cash equivalents $ 7 $ 34,063 $ 261,181 $ 481,968 $ — $ 777,219 Restricted cash — — 13,767 72,958 — 86,725 Receivables, net — 5 1,340,120 2,328,466 — 3,668,591 Warehouse receivables (1) — — 664,095 678,373 — 1,342,468 Contract assets — — 289,214 17,806 — 307,020 Prepaid expenses — — 122,305 132,587 — 254,892 Income taxes receivable 6,099 — 18,992 52,692 (6,099 ) 71,684 Other current assets — — 56,853 188,758 — 245,611 Total Current Assets 6,106 34,068 2,766,527 3,953,608 (6,099 ) 6,754,210 Property and equipment, net — — 512,110 209,582 — 721,692 Goodwill — — 2,224,909 1,427,400 — 3,652,309 Other intangible assets, net — — 835,270 606,038 — 1,441,308 Investments in unconsolidated subsidiaries — — 170,698 45,476 — 216,174 Non-current contract assets — — 74,762 — — 74,762 Real estate under development — — 4,586 — — 4,586 Investments in consolidated subsidiaries 6,759,815 5,595,831 3,228,512 — (15,584,158 ) — Intercompany loan receivable — 2,440,775 700,000 711,244 (3,852,019 ) — Deferred tax assets, net — — 2,666 51,755 (2,718 ) 51,703 Other assets, net — 18,257 404,442 117,350 — 540,049 Total Assets $ 6,765,921 $ 8,088,931 $ 10,924,482 $ 7,122,453 $ (19,444,994 ) $ 13,456,793 LIABILITIES AND EQUITY Current Liabilities: Accounts payable and accrued expenses $ 40 $ 17,450 $ 655,582 $ 1,246,755 $ — $ 1,919,827 Compensation and employee benefits payable — — 662,196 458,983 — 1,121,179 Accrued bonus and profit sharing — — 685,521 503,874 — 1,189,395 Contract liabilities — — 41,045 41,182 — 82,227 Income taxes payable — 720 6,417 67,062 (6,099 ) 68,100 Short-term borrowings: Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase) (1) — — 657,731 671,030 — 1,328,761 Total short-term borrowings — — 657,731 671,030 — 1,328,761 Current maturities of long-term debt — — 39 3,107 — 3,146 Other current liabilities — 1,070 70,202 19,473 — 90,745 Total Current Liabilities 40 19,240 2,778,733 3,011,466 (6,099 ) 5,803,380 Long-Term Debt, net: Long-term debt, net — 1,309,876 18 457,366 — 1,767,260 Intercompany loan payable 1,827,084 — 2,024,935 — (3,852,019 ) — Total Long-Term Debt, net 1,827,084 1,309,876 2,024,953 457,366 (3,852,019 ) 1,767,260 Non-current tax liabilities — — 164,857 7,769 — 172,626 Deferred tax liabilities, net — — — 110,143 (2,718 ) 107,425 Other liabilities — — 360,108 236,092 — 596,200 Total Liabilities 1,827,124 1,329,116 5,328,651 3,822,836 (3,860,836 ) 8,446,891 Commitments and contingencies — — — — — — Equity: CBRE Group, Inc. Stockholders’ Equity 4,938,797 6,759,815 5,595,831 3,228,512 (15,584,158 ) 4,938,797 Non-controlling interests — — — 71,105 — 71,105 Total Equity 4,938,797 6,759,815 5,595,831 3,299,617 (15,584,158 ) 5,009,902 Total Liabilities and Equity $ 6,765,921 $ 8,088,931 $ 10,924,482 $ 7,122,453 $ (19,444,994 ) $ 13,456,793 (1) Although CBRE Capital Markets is included among our domestic subsidiaries that jointly and severally guarantee our 4.875% senior notes, 5.25% senior notes and our 2017 Credit Agreement, a substantial majority of warehouse receivables funded under BofA, Fannie Mae ASAP, JP Morgan, Capital One and TD Bank lines of credit are pledged to BofA, Fannie Mae, JP Morgan, Capital One and TD Bank, and accordingly, are not included as collateral for these notes or our other outstanding debt.
Condensed Consolidating Statement of Operations	Condensed Consolidating Statement of Operations For the Year Ended December 31, 2019 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Revenue $ — $ — $ 13,550,005 $ 10,344,086 $ — $ 23,894,091 Costs and expenses: Cost of revenue — — 10,836,412 7,852,601 — 18,689,013 Operating, administrative and other 1,000 1,036 1,705,837 1,728,136 — 3,436,009 Depreciation and amortization — — 265,220 174,004 — 439,224 Intangible asset impairment — — 89,787 — — 89,787 Total costs and expenses 1,000 1,036 12,897,256 9,754,741 — 22,654,033 Gain on disposition of real estate — — 19,432 385 — 19,817 Operating (loss) income (1,000 ) (1,036 ) 672,181 589,730 — 1,259,875 Equity income (loss) from unconsolidated subsidiaries — — 162,019 (1,094 ) — 160,925 Other income — — 7,842 21,065 — 28,907 Interest expense, net of interest income — (31,037 ) 80,604 36,187 — 85,754 Write-off of financing costs on extinguished debt — 2,608 — — — 2,608 Royalty and management service (income) expense — — (92,728 ) 92,728 — — Income from consolidated subsidiaries 1,283,103 1,262,674 284,038 — (2,829,815 ) — Income before (benefit of) provision for income taxes 1,282,103 1,290,067 1,138,204 480,786 (2,829,815 ) 1,361,345 (Benefit of) provision for income taxes (254 ) 6,964 (124,470 ) 187,655 — 69,895 Net income 1,282,357 1,283,103 1,262,674 293,131 (2,829,815 ) 1,291,450 Less: Net income attributable to non-controlling interests — — — 9,093 — 9,093 Net income attributable to CBRE Group, Inc. $ 1,282,357 $ 1,283,103 $ 1,262,674 $ 284,038 $ (2,829,815 ) $ 1,282,357 Condensed Consolidating Statement of Operations For the Year Ended December 31, 2018 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Revenue $ — $ — $ 11,998,469 $ 9,341,619 $ — $ 21,340,088 Costs and expenses: Cost of revenue — — 9,513,947 6,935,265 — 16,449,212 Operating, administrative and other 24,523 1,156 1,715,150 1,624,944 — 3,365,773 Depreciation and amortization — — 271,378 180,610 — 451,988 Total costs and expenses 24,523 1,156 11,500,475 8,740,819 — 20,266,973 Gain on disposition of real estate — — 7,705 7,169 — 14,874 Operating (loss) income (24,523 ) (1,156 ) 505,699 607,969 — 1,087,989 Equity income from unconsolidated subsidiaries — — 323,080 1,584 — 324,664 Other income (loss) — 1 103,657 (10,638 ) — 93,020 Interest expense, net of interest income — (32,031 ) 329,083 (198,367 ) — 98,685 Write-off of financing costs on extinguished debt — 27,982 — — — 27,982 Royalty and management service (income) expense — — (61,626 ) 61,626 — — Income from consolidated subsidiaries 1,081,643 1,079,469 578,320 — (2,739,432 ) — Income before (benefit of) provision for income taxes 1,057,120 1,082,363 1,243,299 735,656 (2,739,432 ) 1,379,006 (Benefit of) provision for income taxes (6,099 ) 720 163,830 154,607 — 313,058 Net income 1,063,219 1,081,643 1,079,469 581,049 (2,739,432 ) 1,065,948 Less: Net income attributable to non-controlling interests — — — 2,729 — 2,729 Net income attributable to CBRE Group, Inc. $ 1,063,219 $ 1,081,643 $ 1,079,469 $ 578,320 $ (2,739,432 ) $ 1,063,219 Condensed Consolidating Statement of Operations For the Year Ended December 31, 2017 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Revenue $ — $ — $ 10,702,005 $ 7,926,782 $ — $ 18,628,787 Costs and expenses: Cost of revenue — — 8,517,114 5,787,985 — 14,305,099 Operating, administrative and other 5,661 1,972 1,437,641 1,413,446 — 2,858,720 Depreciation and amortization — — 239,863 166,251 — 406,114 Total costs and expenses 5,661 1,972 10,194,618 7,367,682 — 17,569,933 Gain on disposition of real estate — — 6,037 13,791 — 19,828 Operating (loss) income (5,661 ) (1,972 ) 513,424 572,891 — 1,078,682 Equity income from unconsolidated subsidiaries — — 206,655 3,552 — 210,207 Other income — 1 22 9,382 — 9,405 Interest expense, net of interest income — (10,648 ) 110,494 27,115 — 126,961 Royalty and management service expense (income) — — 66,191 (66,191 ) — — Income from consolidated subsidiaries 700,608 695,245 464,046 — (1,859,899 ) — Income before (benefit of) provision for income taxes 694,947 703,922 1,007,462 624,901 (1,859,899 ) 1,171,333 (Benefit of) provision for income taxes (2,162 ) 3,314 312,217 154,388 — 467,757 Net income 697,109 700,608 695,245 470,513 (1,859,899 ) 703,576 Less: Net income attributable to non-controlling interests — — — 6,467 — 6,467 Net income attributable to CBRE Group, Inc. $ 697,109 $ 700,608 $ 695,245 $ 464,046 $ (1,859,899 ) $ 697,109
Condensed Consolidating Statement of Comprehensive Income (Loss)	Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2019 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Net income $ 1,282,357 $ 1,283,103 $ 1,262,674 $ 293,131 $ (2,829,815 ) $ 1,291,450 Other comprehensive income: Foreign currency translation loss — — — (14,092 ) — (14,092 ) Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 1,320 — — — 1,320 Unrealized holding gains on available for sale debt securities, net — — 2,101 — — 2,101 Pension liability adjustments, net — — — 944 — 944 Legal entity restructuring, net — — — 63,149 — 63,149 Other, net — (104 ) — (14,842 ) — (14,946 ) Total other comprehensive income — 1,216 2,101 35,159 — 38,476 Comprehensive income 1,282,357 1,284,319 1,264,775 328,290 (2,829,815 ) 1,329,926 Less: Comprehensive income attributable to non-controlling interests — — — 9,048 — 9,048 Comprehensive income attributable to CBRE Group, Inc. $ 1,282,357 $ 1,284,319 $ 1,264,775 $ 319,242 $ (2,829,815 ) $ 1,320,878 Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2018 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Net income $ 1,063,219 $ 1,081,643 $ 1,079,469 $ 581,049 $ (2,739,432 ) $ 1,065,948 Other comprehensive income (loss): Foreign currency translation loss — — — (161,384 ) — (161,384 ) Adoption of Accounting Standards Update 2016-01, net — — (3,964 ) — — (3,964 ) Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 2,439 — — — 2,439 Unrealized gains on interest rate swaps, net — 708 — — — 708 Unrealized holding losses on available for sale debt securities, net — — (971 ) — — (971 ) Pension liability adjustments, net — — — 1,315 — 1,315 Other, net — — 7 (5,077 ) — (5,070 ) Total other comprehensive income (loss) — 3,147 (4,928 ) (165,146 ) — (166,927 ) Comprehensive income 1,063,219 1,084,790 1,074,541 415,903 (2,739,432 ) 899,021 Less: Comprehensive income attributable to non-controlling interests — — — 1,657 — 1,657 Comprehensive income attributable to CBRE Group, Inc. $ 1,063,219 $ 1,084,790 $ 1,074,541 $ 414,246 $ (2,739,432 ) $ 897,364 Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2017 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total Net income $ 697,109 $ 700,608 $ 695,245 $ 470,513 $ (1,859,899 ) $ 703,576 Other comprehensive (loss) income: Foreign currency translation gain — — — 218,001 — 218,001 Amounts reclassified from accumulated other comprehensive loss to interest expense, net — 4,964 — — — 4,964 Unrealized gains on interest rate swaps, net — 585 — — — 585 Unrealized holding gains on available for sale debt securities, net — — 2,557 180 — 2,737 Pension liability adjustments, net — — — 12,701 — 12,701 Other, net (2 ) — (21 ) 387 — 364 Total other comprehensive (loss) income (2 ) 5,549 2,536 231,269 — 239,352 Comprehensive income 697,107 706,157 697,781 701,782 (1,859,899 ) 942,928 Less: Comprehensive income attributable to non-controlling interests — — — 6,879 — 6,879 Comprehensive income attributable to CBRE Group, Inc. $ 697,107 $ 706,157 $ 697,781 $ 694,903 $ (1,859,899 ) $ 936,049
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flow For the Year Ended December 31, 2019 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Consolidated Total CASH FLOWS PROVIDED BY OPERATING ACTIVITIES: $ 133,051 $ 28,603 $ 906,398 $ 155,328 $ 1,223,380 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — (190,143 ) (103,371 ) (293,514 ) Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired — — (13,788 ) (342,138 ) (355,926 ) Contributions to unconsolidated subsidiaries — — (63,016 ) (42,931 ) (105,947 ) Distributions from unconsolidated subsidiaries — — 29,319 3,970 33,289 Purchase of equity securities — — (12,017 ) — (12,017 ) Proceeds from sale of equity securities — — 14,065 1,558 15,623 Purchase of available for sale debt securities — — (8,853 ) — (8,853 ) Proceeds from the sale of available for sale debt securities — — 4,671 — 4,671 Other investing activities, net — — 1,102 548 1,650 Net cash used in investing activities — — (238,660 ) (482,364 ) (721,024 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from senior term loans — 300,000 — — 300,000 Repayment of senior term loans — (300,000 ) — — (300,000 ) Proceeds from revolving credit facility — 3,609,000 — — 3,609,000 Repayment of revolving credit facility — (3,609,000 ) — — (3,609,000 ) Repayment of debt assumed in the acquisition of Telford Homes — — — (110,687 ) (110,687 ) Repurchase of common stock (145,137 ) — — — (145,137 ) Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) — — (30,268 ) (11,879 ) (42,147 ) Units repurchased for payment of taxes on equity awards (18,426 ) — — — (18,426 ) Non-controlling interest contributions — — — 46,612 46,612 Non-controlling interest distributions — — — (3,957 ) (3,957 ) Decrease (increase) in intercompany receivables, net 30,512 (45,862 ) (601,577 ) 616,927 — Other financing activities, net — (3,351 ) — 5,144 1,793 Net cash (used in) provided by financing activities (133,051 ) (49,213 ) (631,845 ) 542,160 (271,949 ) Effect of currency exchange rate changes on cash and cash equivalents and restricted cash — — — (606 ) (606 ) NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH — (20,610 ) 35,893 214,518 229,801 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 7 34,063 274,948 554,926 863,944 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD $ 7 $ 13,453 $ 310,841 $ 769,444 $ 1,093,745 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ — $ 69,667 $ — $ 16,999 $ 86,666 Income taxes, net $ — $ — $ 188,329 $ 176,736 $ 365,065 Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2018 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Consolidated Total CASH FLOWS PROVIDED BY OPERATING ACTIVITIES: $ 105,850 $ 21,834 $ 429,540 $ 574,025 $ 1,131,249 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — (140,670 ) (87,133 ) (227,803 ) Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired — — (305,315 ) (17,258 ) (322,573 ) Contributions to unconsolidated subsidiaries — — (51,046 ) (11,756 ) (62,802 ) Distributions from unconsolidated subsidiaries — — 57,269 4,440 61,709 Purchase of equity securities — — (21,402 ) — (21,402 ) Proceeds from sale of equity securities — — 16,314 — 16,314 Purchase of available for sale debt securities — — (23,360 ) — (23,360 ) Proceeds from the sale of available for sale debt securities — — 5,792 — 5,792 Other investing activities, net — — 2,793 10,648 13,441 Net cash used in investing activities — — (459,625 ) (101,059 ) (560,684 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from senior term loans — 550,000 — 452,745 1,002,745 Repayment of senior term loans — (450,000 ) — — (450,000 ) Proceeds from revolving credit facility — 3,258,000 — — 3,258,000 Repayment of revolving credit facility — (3,258,000 ) — — (3,258,000 ) Repayment of 5.00% senior notes (including premium) — (820,000 ) — — (820,000 ) Repayment of debt assumed in acquisition of FacilitySource — — (26,295 ) — (26,295 ) Repurchase of common stock (161,034 ) — — — (161,034 ) Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) — — (16,774 ) (1,886 ) (18,660 ) Units repurchased for payment of taxes on equity awards (29,386 ) — — — (29,386 ) Non-controlling interest contributions — — — 25,355 25,355 Non-controlling interest distributions — — — (13,413 ) (13,413 ) Decrease (increase) in intercompany receivables, net 84,213 716,837 233,975 (1,035,025 ) — Other financing activities, net 357 (212 ) (16 ) (16,041 ) (15,912 ) Net cash (used in) provided by financing activities (105,850 ) (3,375 ) 190,890 (588,265 ) (506,600 ) Effect of currency exchange rate changes on cash and cash equivalents and restricted cash — — — (24,840 ) (24,840 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH — 18,459 160,805 (140,139 ) 39,125 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 7 15,604 114,143 695,065 824,819 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD $ 7 $ 34,063 $ 274,948 $ 554,926 $ 863,944 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ — $ 102,491 $ — $ 1,674 $ 104,165 Income taxes, net $ — $ — $ 198,930 $ 176,919 $ 375,849 Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2017 Parent CBRE Services Guarantor Subsidiaries Nonguarantor Subsidiaries Consolidated Total CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES: $ 89,341 $ 37,990 $ 424,787 $ 342,293 $ 894,411 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — (121,347 ) (56,695 ) (178,042 ) Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired — — (87,248 ) (31,179 ) (118,427 ) Contributions to unconsolidated subsidiaries — — (63,119 ) (5,581 ) (68,700 ) Distributions from unconsolidated subsidiaries — — 52,896 10,768 63,664 Purchase of equity securities — — (15,584 ) — (15,584 ) Proceeds from sale of equity securities — — 15,587 — 15,587 Purchase of available for sale debt securities — — (19,280 ) — (19,280 ) Proceeds from the sale of available for sale debt securities — — 15,790 — 15,790 Other investing activities, net — — 1,968 424 2,392 Net cash used in investing activities — — (220,337 ) (82,263 ) (302,600 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from senior term loans — 200,000 — — 200,000 Repayment of senior term loans — (751,876 ) — — (751,876 ) Proceeds from revolving credit facility — 1,521,000 — — 1,521,000 Repayment of revolving credit facility — (1,521,000 ) — — (1,521,000 ) Acquisition of businesses (cash paid for acquisitions more than three months after purchase date) — — (19,854 ) (4,152 ) (24,006 ) Units repurchased for payment of taxes on equity awards (29,549 ) — — — (29,549 ) Non-controlling interest contributions — — — 5,301 5,301 Non-controlling interest distributions — — — (8,715 ) (8,715 ) (Increase) decrease in intercompany receivables, net (60,271 ) 520,579 (338,396 ) (121,912 ) — Other financing activities, net 479 (7,978 ) (3,145 ) (8,253 ) (18,897 ) Net cash used in financing activities (89,341 ) (39,275 ) (361,395 ) (137,731 ) (627,742 ) Effect of currency exchange rate changes on cash and cash equivalents and restricted cash — — — 29,338 29,338 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH — (1,285 ) (156,945 ) 151,637 (6,593 ) CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD 7 16,889 271,088 543,428 831,412 CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD $ 7 $ 15,604 $ 114,143 $ 695,065 $ 824,819 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for: Interest $ — $ 117,072 $ — $ 92 $ 117,164 Income taxes, net $ — $ — $ 198,520 $ 158,477 $ 356,997

Nature of Operations - Addition

Nature of Operations - Additional Information (Detail) - Minimum [Member]	12 Months Ended
	Dec. 31, 2019EmployeeOffice
Schedule Of Description Of Business [Line Items]
Number of offices | Office	530
Number of employees | Employee	100,000

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Mar. 14, 2013
Summary Of Significant Accounting Policies [Line Items]
Other than temporary impairment losses	$ 0	$ 0	$ 0
Cash unavailable for general corporate use	70,500,000	155,200,000
Restricted cash	121,964,000	86,725,000
Client deposit held	$ 6,100,000,000	$ 5,900,000,000
Amortization period of financing costs, maximum	10 years	10 years
Total deferred financing costs, net of accumulated amortization	$ 17,000,000	$ 18,300,000
Write-off of financing costs on extinguished debt	2,608,000	27,982,000
Estimated fair value of mortgage servicing rights	579,800,000	554,200,000
Mortgage servicing rights, impairment charges	0	0
Servicing fees from loans serviced for others	23,274,086,000	20,778,100,000	18,152,507,000
Prepayment fees/late fees/ancillary income earned from loans servicing	14,900,000	15,900,000	13,200,000
Reserve for claims insurance programs	125,800,000	113,000,000
Reserve for claims insurance programs, current	1,800,000	2,700,000
Servicing fees [Member]
Summary Of Significant Accounting Policies [Line Items]
Servicing fees from loans serviced for others	191,800,000	167,500,000	144,200,000
Operating, administrative and other expenses [Member]
Summary Of Significant Accounting Policies [Line Items]
Business promotion and advertising costs	$ 76,100,000	74,800,000	63,100,000
Wholly Owned Property [Member]
Summary Of Significant Accounting Policies [Line Items]
Ownership interest in property	100.00%
Commercial Real Estate [Member]
Summary Of Significant Accounting Policies [Line Items]
Ownership interest in property	0.00%
2017 Credit Agreement [Member]
Summary Of Significant Accounting Policies [Line Items]
Financing costs, incurred	$ 5,800,000
5.00% Senior Notes [Member]
Summary Of Significant Accounting Policies [Line Items]
Write-off of financing costs on extinguished debt		8,000,000
Aggregate outstanding principal amount		$ 800,000,000		$ 800,000,000
Debt Instrument Interest Rate Stated Percentage		5.00%
Senior notes, redemption premium		$ 20,000,000
Debt instrument financing costs		$ 1,600,000
2015 Credit Agreement [Member]
Summary Of Significant Accounting Policies [Line Items]
Financing costs, incurred			$ 8,000,000
Internal computer software [Member]
Summary Of Significant Accounting Policies [Line Items]
Capitalized and amortized period	3 years
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	10 years
Maximum [Member] | Buildings and Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	39 years
Maximum [Member] | Land Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	15 years
Maximum [Member] | Enterprise software development platforms [Member]
Summary Of Significant Accounting Policies [Line Items]
Capitalized and amortized period	7 years
Maximum [Member] | Goodwill and Other intangible assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Finite-lived intangible assets, maximum useful life	20 years
Minimum [Member] | Enterprise software development platforms [Member]
Summary Of Significant Accounting Policies [Line Items]
Capitalized and amortized period	3 years

Significant Accounting Polici_5

Significant Accounting Policies - Summary of Real Estate Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real Estate Investments [Abstract]
Real estate under development, current (included in other current assets)	$ 14,757
Real estate and other assets held for sale (included in other current assets)	5,066	$ 24
Real estate under development	185,508	4,586
Real estate held for investment (included in other assets, net)	8,101	9,923
Total real estate	$ 213,432	$ 14,533

Significant Accounting Polici_6

Significant Accounting Policies - Schedule of Loan Servicing Rights Recognized (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Servicing Asset At Fair Value Amount Roll Forward
Beginning balance, mortgage servicing rights	$ 424,470	$ 373,131
Mortgage servicing rights recognized	182,443	173,737
Amortization expense	(123,008)	(115,743)
Other	(413)	(6,655)
Ending balance, mortgage servicing rights	$ 483,492	$ 424,470

Significant Accounting Polici_7

Significant Accounting Policies - Schedule of Assumptions Used in Measuring Fair Value of Servicing Assets (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value [Abstract]
Discount rate	10.12%	10.00%	10.06%
Conditional prepayment rate	10.34%	8.89%	8.88%

New Accounting Pronouncements -

New Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019
New Accounting Pronouncement Early Adoption [Line Items]
Right-of-use assets	$ 1,092,107
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncement Early Adoption [Line Items]
Lease liability		$ 1,200,000
Right-of-use assets		$ 1,000,000

Telford Acquisition - Additiona

Telford Acquisition - Additional Information (Detail) £ / shares in Units, $ in Thousands, £ in Millions	Oct. 01, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Oct. 01, 2019GBP (£)£ / shares
Business Acquisition [Line Items]
Revenue		$ 23,894,091	$ 21,340,088	$ 18,628,787
Operating income		1,259,875	1,087,989	1,078,682
Operational net income		1,361,345	1,379,006	1,171,333
Direct transaction and integration costs		15,292	9,124	$ 27,351
Telford Homes Plc [Member]
Business Acquisition [Line Items]
Date of business purchase agreement	Oct. 1, 2019
Share price | £ / shares					£ 3.50
Business combination, cash consideration	$ 328,500				£ 267.1
Revenue		97,500
Operating income		1,000
Operational net income		1,400
Direct transaction and integration costs		15,000
Amortization expense		400
Increased amortization expense		1,000	1,500
Increased interest expense			$ 4,100
Removal of direct costs		$ 15,000

Telford Acquisition - Summary o

Telford Acquisition - Summary of Excess Purchase Price Over Estimated Fair Value of Net Assets Acquired (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Oct. 01, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Excess purchase price over estimated fair value of net assets acquired	$ 3,753,493		$ 3,652,309	$ 3,254,740
Telford Homes Plc [Member]
Business Acquisition [Line Items]
Estimated purchase price		$ 328,502
Less: Estimated fair value of net assets acquired (see table below)		297,669
Excess purchase price over estimated fair value of net assets acquired		$ 30,833

Telford Acquisition - Summary_2

Telford Acquisition - Summary of Aggregate Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) - Telford Homes Plc [Member] $ in Thousands	Oct. 01, 2019USD ($)
Assets Acquired:
Cash and cash equivalents	$ 7,896
Receivables	6,993
Contract assets, current	31,850
Prepaid expenses	2,704
Property and equipment	2,637
Other intangible assets	26,749
Operating lease assets	6,488
Investments in unconsolidated subsidiaries	79,667
Non-current contract assets	8,015
Real estate under development	208,402
Deferred tax assets, net	2,857
Other assets (current and non-current)	99,429
Total assets acquired	483,687
Liabilities Assumed:
Accounts payable and accrued expenses	47,552
Compensation and employee benefits payable	1,580
Accrued bonus	3,274
Operating lease liabilities	941
Contract liabilities, current	1,949
Income taxes payable	1,813
Line of credit	110,687
Non-current operating lease liabilities	5,547
Other liabilities (current and non-current)	12,675
Total liabilities assumed	186,018
Estimated Fair Value of Net Assets Acquired	$ 297,669

Telford Acquisition - Summary_3

Telford Acquisition - Summary of Preliminary Estimate of Trademark Acquired (Detail) - Telford Homes Plc [Member] - USD ($) $ in Thousands	Oct. 01, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Amount Assigned at Acquisition Date	$ 26,749
Trademarks [Member]
Business Acquisition [Line Items]
Amortization Period	20 years
Amount Assigned at Acquisition Date	$ 26,749
Accumulated Amortization and Foreign Currency Translation		$ 1,725
Net Carrying Value		$ 28,474

Telford Acquisition - Summary_4

Telford Acquisition - Summary of Pro Forma Results Prepared for Comparative Purposes (Detail) - Telford Homes Plc [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Revenue	$ 24,158,427	$ 21,803,506
Operating income	1,294,480	1,157,051
Net income attributable to CBRE Group, Inc.	$ 1,321,097	$ 1,121,469
Basic income per share:
Net income per share attributable to CBRE Group, Inc.	$ 3.93	$ 3.31
Weighted average shares outstanding for basic income per share	335,795,654	339,321,056
Diluted income per share:
Net income per share attributable to CBRE Group, Inc.	$ 3.88	$ 3.27
Weighted average shares outstanding for diluted income per share	340,522,871	343,122,741

Warehouse Receivables & Wareh_3

Warehouse Receivables & Warehouse Lines of Credit - Schedule of Warehouse Receivables (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Warehouse Receivables And Warehouse Lines Of Credit [Abstract]
Beginning balance at December 31, 2018	$ 1,342,468
Origination of mortgage loans	19,389,979	$ 20,591,602	$ 17,655,104
Gains (premiums on loan sales)	64,002
Proceeds from sale of mortgage loans:
Sale of mortgage loans	(19,741,058)
Cash collections of premiums on loan sales	(64,002)
Proceeds from sale of mortgage loans	(19,805,060)	(20,230,676)	$ (18,052,756)
Net increase in mortgage servicing rights included in warehouse receivables	1,669
Ending balance at December 31, 2019	$ 993,058	$ 1,342,468

Warehouse Receivables & Wareh_4

Warehouse Receivables & Warehouse Lines of Credit - Summary of Warehouse Lines of Credit in Place (Detail) - USD ($)	Oct. 21, 2019	Dec. 31, 2019	Dec. 31, 2018	Jun. 28, 2019
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Carrying Value		$ 977,175,000	$ 1,328,761,000
Warehouse Agreement Borrowings [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Maximum Facility Size		3,400,000,000	2,600,000,000
Carrying Value		977,175,000	1,328,761,000
Warehouse Agreement Borrowings [Member] | Pricing at daily one-month LIBOR plus 1.30%, maturing October 21, 2019 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Carrying Value		$ 977,175,000	1,328,761,000
Warehouse Agreement Borrowings [Member] | JP Morgan [Member] | Pricing at daily one-month LIBOR plus 1.30%, maturing October 21, 2019 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Oct. 19, 2020	Oct. 19, 2020
Maximum Facility Size		$ 985,000,000	985,000,000
Carrying Value		$ 267,075,000	$ 871,680,000
Line of credit over LIBOR rate		1.30%	1.30%
Warehouse Agreement Borrowings [Member] | JP Morgan [Member] | Pricing at daily one-month LIBOR plus 2.75%, maturing October 21, 2019 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Oct. 19, 2020	Oct. 19, 2020
Maximum Facility Size		$ 15,000,000	$ 15,000,000
Line of credit over LIBOR rate		2.75%	2.75%
Warehouse Agreement Borrowings [Member] | Fannie Mae ASAP Program [Member] | Pricing at daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35%, Cancelable anytime [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		Cancelable anytime
Maximum Facility Size		$ 450,000,000	$ 450,000,000
Carrying Value		$ 360,784,000	$ 149,089,000
Line of credit over LIBOR rate		1.35%	1.35%
Line of credit, LIBOR floor rate		0.35%	0.35%
Warehouse Agreement Borrowings [Member] | TD Bank [Member] | Pricing at daily one-month LIBOR plus 1.15%, maturing June 30, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		Jun. 30, 2020
Maximum Facility Size		$ 800,000,000	$ 400,000,000
Carrying Value		$ 92,266,000	$ 165,945,000
Line of credit over LIBOR rate		1.15%	1.15%
Warehouse Agreement Borrowings [Member] | Bank Of America | Pricing at daily one-month LIBOR plus 1.15%, maturing May 27, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		May 27, 2020
Maximum Facility Size		$ 250,000,000	$ 200,000,000
Carrying Value		$ 17,457,000
Line of credit over LIBOR rate		1.15%	1.15%
Warehouse Agreement Borrowings [Member] | Bank Of America | Pricing at daily one-month LIBOR plus 1.30%, maturing June 4, 2019 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		Jun. 4, 2019
Maximum Facility Size			$ 225,000,000
Carrying Value			$ 21,852,000
Line of credit over LIBOR rate		1.30%	1.30%
Warehouse Agreement Borrowings [Member] | Bank Of America | Pricing at daily one-month LIBOR plus 1.20%, maturing May 27, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		May 27, 2020
Maximum Facility Size		$ 350,000,000
Carrying Value		$ 189,465,000
Line of credit over LIBOR rate		1.20%	1.20%
Warehouse Agreement Borrowings [Member] | MUFG Union Bank, N.A. (Union Bank) [Member] | Pricing at daily one-month LIBOR plus 1.20%, maturing June 28, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		Jun. 28, 2020
Maximum Facility Size		$ 350,000,000		$ 200,000,000
Carrying Value		$ 10,590,000
Line of credit over LIBOR rate		1.20%	1.20%
Warehouse Agreement Borrowings [Member] | Capital One [Member] | Pricing at daily one-month LIBOR plus 1.25%, maturing July 27, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		Jul. 27, 2020
Maximum Facility Size		$ 200,000,000	$ 325,000,000
Carrying Value		$ 39,538,000	$ 120,195,000
Line of credit over LIBOR rate		1.25%	1.25%

Warehouse Receivables & Wareh_5

Warehouse Receivables & Warehouse Lines of Credit - Summary of Warehouse Lines of Credit in Place (Parenthetical) (Detail) - Warehouse Agreement Borrowings [Member] - USD ($)	Oct. 21, 2019	Aug. 01, 2019	Jul. 01, 2019	Dec. 31, 2019	Dec. 31, 2018	Mar. 01, 2020	Feb. 06, 2020	Jun. 28, 2019
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Maximum Facility Size				$ 3,400,000,000	$ 2,600,000,000
JP Morgan [Member] | Pricing at daily one-month LIBOR plus 1.30%, maturing October 21, 2019 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Oct. 19, 2020			Oct. 19, 2020
Maximum Facility Size				$ 985,000,000	$ 985,000,000
Line of credit over LIBOR rate				1.30%	1.30%
JP Morgan [Member] | Pricing at daily one-month LIBOR plus 2.75%, maturing October 21, 2019 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity	Oct. 19, 2020			Oct. 19, 2020
Maximum Facility Size				$ 15,000,000	$ 15,000,000
Line of credit over LIBOR rate				2.75%	2.75%
Fannie Mae ASAP Program [Member] | Pricing at daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35%, Cancelable anytime [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Maximum Facility Size				$ 450,000,000	$ 450,000,000
Line of credit over LIBOR rate				1.35%	1.35%
Fannie Mae ASAP Program [Member] | Pricing at daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35%, Cancelable anytime [Member] | Forecast [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Maximum Facility Size						$ 450,000,000
Fannie Mae ASAP Program [Member] | Pricing at daily one-month LIBOR plus 1.35%, with a LIBOR floor of 0.35%, Cancelable anytime [Member] | Subsequent Event [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Maximum Facility Size							$ 600,000,000
TD Bank [Member] | Pricing at daily one-month LIBOR plus 1.15%, maturing June 30, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity		Feb. 1, 2020	Jun. 30, 2020
Maximum Facility Size		$ 800,000,000
Line of credit over LIBOR rate			1.15%
MUFG Union Bank, N.A. (Union Bank) [Member] | Pricing at daily one-month LIBOR plus 1.20%, maturing June 28, 2020 [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Current Maturity				Jun. 28, 2020
Maximum Facility Size				$ 350,000,000				$ 200,000,000
Line of credit over LIBOR rate				1.20%	1.20%
MUFG Union Bank, N.A. (Union Bank) [Member] | Pricing at daily one-month LIBOR plus 1.20%, maturing June 28, 2020 [Member] | Maximum [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Additional line of credit								$ 150,000,000

Warehouse Receivables & Wareh_6

Warehouse Receivables & Warehouse Lines of Credit - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019USD ($)
Warehouse Agreement Borrowings [Member]
Warehouse Receivables And Warehouse Lines Of Credit [Line Items]
Lines of credit principal outstanding	$ 2,500,000,000

Variable Interest Entities (V_3

Variable Interest Entities (VIEs) - Schedule of Maximum Exposure to Loss (Detail) - Non-Consolidated Variable Interest Entities [Member] - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Investments in unconsolidated subsidiaries	$ 30,484	$ 23,266
Other current assets	4,307	3,827
Co-investment commitments	29,696	22,363
Maximum exposure to loss	$ 64,487	$ 49,456

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warehouse receivables	$ 993,058	$ 1,342,468
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	54,109	48,776
Equity securities	51,399	153,762
Warehouse receivables	993,058	1,342,468
Total assets at fair value	1,098,566	1,545,006
Interest rate swaps		1,070
Securities sold, not yet purchased		3,133
Total liabilities at fair value		4,203
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	6,998	3,138
Equity securities	51,399	153,762
Total assets at fair value	58,397	156,900
Securities sold, not yet purchased		3,133
Total liabilities at fair value		3,133
Recurring [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	47,111	45,638
Warehouse receivables	993,058	1,342,468
Total assets at fair value	1,040,169	1,388,106
Interest rate swaps		1,070
Total liabilities at fair value		1,070
Recurring [Member] | U.S. treasury securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	6,998	3,138
Recurring [Member] | U.S. treasury securities [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	6,998	3,138
Recurring [Member] | Debt securities issued by U.S. federal agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	10,639	11,196
Recurring [Member] | Debt securities issued by U.S. federal agencies [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	10,639	11,196
Recurring [Member] | Corporate debt securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	29,098	27,201
Recurring [Member] | Corporate debt securities [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	29,098	27,201
Recurring [Member] | Asset-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	5,152	5,017
Recurring [Member] | Asset-backed securities [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	5,152	5,017
Recurring [Member] | Collateralized mortgage obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	2,222	2,224
Recurring [Member] | Collateralized mortgage obligations [Member] | Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale debt securities	$ 2,222	$ 2,224

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Non-Recurring Fair Value Measurement (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other intangible assets, Net Carrying Value	$ 1,379,546	$ 1,441,308
Other intangible assets, Total Impairment Charges	89,787
Fair Value Measurements, Non-recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other intangible assets, Net Carrying Value	14,753
Other intangible assets, Total Impairment Charges	89,787
Fair Value Measurements, Non-recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other intangible assets, Fair Value Measured and Recorded Using	$ 14,753

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 12, 2014	Sep. 26, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Intangible asset impairment	$ 89,787,000
Gain associated with remeasuring of investment in a previously unconsolidated subsidiary to fair value as of date		$ 100,420,000
Percentage of remeasuring investment in previously unconsolidated subsidiary		50.00%
Remaining controlling interest acquired percentage		50.00%
Fair value of investment in unconsolidated subsidiary at acquisition date		$ 110,100,000
Notes payable on real estate	$ 13,100,000	$ 6,300,000
4.875% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate of long-term debt	4.875%	4.875%
5.25% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate of long-term debt	5.25%	5.25%		5.25%	5.25%
Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior term loans	$ 745,500,000	$ 757,000,000
Estimated Fair Value [Member] | 4.875% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	670,700,000	616,400,000
Estimated Fair Value [Member] | 5.25% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	478,300,000	443,700,000
Actual Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior term loans	744,600,000	751,300,000
Actual Carrying Value [Member] | 4.875% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	593,600,000	592,800,000
Actual Carrying Value [Member] | 5.25% Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	423,000,000	422,700,000
Fair Value Measurements, Non-recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Intangible asset impairment	$ 89,787,000
Assets, fair value disclosure, nonrecurring			$ 0
Liabilities, fair value disclosure, nonrecurring			$ 0
Previously Unconsolidated Subsidiary [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gain associated with remeasuring of investment in a previously unconsolidated subsidiary to fair value as of date		$ 100,400,000

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,907,104	$ 1,629,719
Accumulated depreciation and amortization	(1,070,898)	(908,027)
Property and equipment, net	836,206	721,692
Computer hardware and software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,011,704	848,955
Computer hardware and software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life, years	2 years
Computer hardware and software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life, years	10 years
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 551,049	472,952
Leasehold improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life, years	1 year
Leasehold improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life, years	15 years
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 344,351	$ 307,812
Furniture and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life, years	1 year
Furniture and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life, years	10 years

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 439,224	$ 451,988	$ 406,114
Property and equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 207,800	$ 192,800	$ 166,000

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Additional Information (Detail)	Oct. 01, 2019USD ($)	Jan. 01, 2019Segment	Jun. 12, 2018USD ($)	Dec. 31, 2019USD ($)Acquisition	Dec. 31, 2018USD ($)Acquisition	Dec. 31, 2017USD ($)
Finite Lived Intangible Assets [Line Items]
Global business segments | Segment		3
Goodwill impairment				$ 0	$ 0	$ 0
Number of in-fill acquisitions completed | Acquisition				8	6
Equity interest acquired					50.00%
Other intangible assets, net				$ 1,379,546,000	$ 1,441,308,000
Other intangible assets, accumulated amortization				1,358,528,000	1,180,393,000
Intangible assets				2,612,936,000	2,462,066,000
Intangible asset impairment				89,787,000
Amortization expense				225,700,000	258,700,000	$ 238,700,000
Estimated annual amortization expense, 2020				167,700,000
Estimated annual amortization expense, 2021				152,200,000
Estimated annual amortization expense, 2022				130,400,000
Estimated annual amortization expense, 2023				113,200,000
Estimated annual amortization expense, 2024				101,800,000
Customer relationships [Member]
Finite Lived Intangible Assets [Line Items]
Other intangible assets, accumulated amortization				$ 519,162,000	435,225,000
Intangible assets, amortization period				20 years
Intangible assets				$ 857,772,000	843,387,000
Mortgage servicing rights [Member]
Finite Lived Intangible Assets [Line Items]
Other intangible assets, accumulated amortization				$ 319,927,000	272,852,000
Intangible assets, amortization period				10 years
Intangible assets				$ 803,419,000	697,322,000
Management contracts [Member]
Finite Lived Intangible Assets [Line Items]
Other intangible assets, accumulated amortization				$ 138,891,000	135,835,000
Intangible assets, amortization period				13 years
Intangible assets				$ 142,767,000	200,251,000
FacilitySource [Member]
Finite Lived Intangible Assets [Line Items]
Date of business purchase agreement			Jun. 12, 2018
Final purchase price paid in cash			$ 266,500,000
Purchase price payable in cash				$ 3,500,000	$ 263,000,000
New England Joint Venture [Member]
Finite Lived Intangible Assets [Line Items]
Equity interest acquired					50.00%
Telford Homes Plc [Member]
Finite Lived Intangible Assets [Line Items]
Date of business purchase agreement	Oct. 1, 2019
Final purchase price paid in cash	$ 328,502,000
Intangible assets	26,749,000
Telford Homes Plc [Member] | Trademarks [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets	$ 26,749,000
Acquired finite-lived intangible assets	20 years
Global Workplace Solutions (GWS) [Member] | Trademarks [Member]
Finite Lived Intangible Assets [Line Items]
Intangible assets, amortization period				20 years
Intangible assets				$ 280,000,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Changes in Goodwill by Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Line Items]
Goodwill Gross	$ 4,821,999	$ 4,720,815	$ 4,323,246
Accumulated impairment losses	(1,068,506)	(1,068,506)	(1,068,506)
Goodwill, Net of impairment losses	3,652,309	3,254,740
Purchase accounting entries related to acquisitions	79,377	471,204
Foreign exchange movement	21,807	(73,635)
Goodwill, Net of impairment losses	3,753,493	3,652,309
Advisory Services [Member]
Goodwill [Line Items]
Goodwill Gross	3,302,218	3,269,954	3,107,787
Accumulated impairment losses	(761,448)	(761,448)	(761,448)
Goodwill, Net of impairment losses	2,508,506	2,346,339
Purchase accounting entries related to acquisitions	29,544	188,071
Foreign exchange movement	2,720	(25,904)
Goodwill, Net of impairment losses	2,540,770	2,508,506
Global Workplace Solutions [Member]
Goodwill [Line Items]
Goodwill Gross	899,506	875,570	623,355
Accumulated impairment losses	(175,473)	(175,473)	(175,473)
Goodwill, Net of impairment losses	700,097	447,882
Purchase accounting entries related to acquisitions	7,657	288,243
Foreign exchange movement	16,279	(36,028)
Goodwill, Net of impairment losses	724,033	700,097
Real Estate Investments [Member]
Goodwill [Line Items]
Goodwill Gross	620,275	575,291	592,104
Accumulated impairment losses	(131,585)	(131,585)	$ (131,585)
Goodwill, Net of impairment losses	443,706	460,519
Purchase accounting entries related to acquisitions	42,176	(5,110)
Foreign exchange movement	2,808	(11,703)
Goodwill, Net of impairment losses	$ 488,690	$ 443,706

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount, Unamortizable intangible assets	$ 125,138	$ 159,635
Gross Carrying Amount, Amortizable intangible assets	2,612,936	2,462,066
Gross Carrying Amount, Total intangible assets	2,738,074	2,621,701
Accumulated Amortization, Amortizable intangible assets	(1,358,528)	(1,180,393)
Management contracts [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount, Unamortizable intangible assets	62,338	86,585
Trademarks [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount, Unamortizable intangible assets	56,800	56,800
Trade names [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount, Unamortizable intangible assets	6,000	16,250
Customer relationships [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount, Amortizable intangible assets	857,772	843,387
Accumulated Amortization, Amortizable intangible assets	(519,162)	(435,225)
Mortgage servicing rights [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount, Amortizable intangible assets	803,419	697,322
Accumulated Amortization, Amortizable intangible assets	(319,927)	(272,852)
Trademarks and Trade Names [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount, Amortizable intangible assets	345,834	312,699
Accumulated Amortization, Amortizable intangible assets	(92,730)	(76,514)
Management contracts [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount, Amortizable intangible assets	142,767	200,251
Accumulated Amortization, Amortizable intangible assets	(138,891)	(135,835)
Non-compete agreements [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount, Amortizable intangible assets	73,750	73,750
Accumulated Amortization, Amortizable intangible assets	(73,750)	(73,750)
Other amortizable intangible assets [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount, Amortizable intangible assets	389,394	334,657
Accumulated Amortization, Amortizable intangible assets	$ (214,068)	$ (186,217)

Investments In Unconsolidated_3

Investments In Unconsolidated Subsidiaries - Additional information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Investment management, property management, brokerage and other professional services [Member] | Real Estate Investments [Member]
Schedule Of Equity Method Investments [Line Items]
Revenues from unconsolidated subsidiaries	$ 97	$ 134.3	$ 100.3
Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method investments in unconsolidated subsidiaries, variations in ownership percentage	50.00%

Investments in Unconsolidated_4

Investments in Unconsolidated Subsidiaries - Schedule of Condensed Financial Information of Equity Method Investments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Equity Method Investments And Joint Ventures [Abstract]
Current assets	$ 5,407,082	$ 3,931,111
Non-current assets	20,414,598	16,578,905
Total assets	25,821,680	20,510,016
Current liabilities	2,241,930	1,919,955
Non-current liabilities	5,857,413	4,495,117
Total liabilities	8,099,343	6,415,072
Non-controlling interests	461,018	261,654
Revenue	1,545,424	1,524,685	$ 1,392,590
Operating income	549,111	906,889	1,425,824
Net income	$ 419,966	$ 679,712	$ 1,254,345

Long-Term Debt and Short-Term_3

Long-Term Debt and Short-Term Borrowings - Schedule of Long-Term Debt and Short-Term Borrowings (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total long-term debt	$ 1,773,396	$ 1,784,921
Less: current maturities of long-term debt	(1,814)	(3,146)
Less: unamortized debt issuance costs	(10,337)	(14,515)
Total long-term debt, net of current maturities	1,761,245	1,767,260
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	977,175	1,328,761
Other	4,534
Total short-term borrowings	981,709	1,328,761
Warehouse Agreement Borrowings [Member]
Debt Instrument [Line Items]
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	977,175	1,328,761
Senior secured term loans [Member]
Debt Instrument [Line Items]
Total long-term debt	748,531	758,452
Other Long Term Debt [Member]
Debt Instrument [Line Items]
Total long-term debt	1,861	3,682
4.875% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	597,052	596,653
5.25% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	425,952	426,134
Pricing at daily one-month LIBOR plus 1.30%, maturing October 21, 2019 [Member] | Warehouse Agreement Borrowings [Member]
Debt Instrument [Line Items]
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	$ 977,175	$ 1,328,761

Long-Term Debt and Short-Term_4

Long-Term Debt and Short-Term Borrowings - Schedule of Long-Term Debt and Short-Term Borrowings (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Aug. 13, 2015	Dec. 12, 2014	Sep. 26, 2014
Senior secured term loans [Member]
Debt Instrument [Line Items]
Due date of debt instrument	2024	2024
Senior secured term loans [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	0.75%	0.75%
Senior secured term loans [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	3.38%	3.38%
4.875% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	4.875%	4.875%
4.875% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	4.875%	4.875%	4.875%
Due date of debt instrument	2026	2026
5.25% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	5.25%	5.25%		5.25%	5.25%
5.25% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	5.25%	5.25%
Due date of debt instrument	2025	2025
Interest Ranging from 2.95% to 5.25% [Member] | Warehouse Agreement Borrowings [Member]
Debt Instrument [Line Items]
Due date of debt instrument	2020	2020
Interest Ranging from 2.95% to 5.25% [Member] | Warehouse Agreement Borrowings [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	2.95%	2.95%
Interest Ranging from 2.95% to 5.25% [Member] | Warehouse Agreement Borrowings [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt	5.25%	5.25%

Long-Term Debt and Short-Term_5

Long-Term Debt and Short-Term Borrowings - Additional Information (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Debt Disclosure [Abstract]
Future annual aggregate maturities, 2020	$ 983,523
Future annual aggregate maturities, 2021	47
Future annual aggregate maturities, 2022	0
Future annual aggregate maturities, 2023	448,531
Future annual aggregate maturities, 2024	300,000
Future annual aggregate maturities, thereafter	$ 1,025,000

Long-Term Debt and Short-Term_6

Long-Term Debt and Short-Term Borrowings - Long-Term Debt - Additional Information (Detail)	Oct. 31, 2017USD ($)	Aug. 13, 2015USD ($)	Dec. 12, 2014USD ($)	Sep. 26, 2014USD ($)	Mar. 14, 2013USD ($)	Mar. 31, 2011USD ($)Swap	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2019EUR (€)	Dec. 20, 2018EUR (€)
Debt Instrument [Line Items]
Borrowings from line of credit							$ 3,609,000,000	$ 3,258,000,000	$ 1,521,000,000
Term loan facility due and payable							1,773,396,000	1,784,921,000
Number of interest rate swap agreements entered | Swap						5
Derivative notional amount						$ 400,000,000
Ineffectiveness of significant hedge							0	0	0
Unrealized (losses) gains on interest rate swaps, net of tax								708,000	585,000
Write-off of financing costs on extinguished debt							$ 2,608,000	27,982,000
Minimum coverage ratio of EBITDA to total interest expense expressed in percentage							200.00%
Maximum leverage ratio of total debt less available cash to EBITDA expressed in percentage							425.00%
Maximum leverage ratio during first four quarter that qualified acquisition is consummated							475.00%
Coverage ratio of EBITDA to total interest expense expressed in percentage							2262.00%			2262.00%
Leverage ratio of total debt less available cash to EBITDA expressed in percentage							44.00%			44.00%
Interest rate swaps [Member]
Debt Instrument [Line Items]
Unrealized (losses) gains on interest rate swaps, net of tax							$ (100,000)	1,000,000	900,000
Interest rate swaps								1,100,000
Interest rate swap agreement expired on October 2017 [Member]
Debt Instrument [Line Items]
Derivative notional amount						$ 200,000,000
Interest rate swap, expiration date						2017-10
Interest rate swap agreement expiring on September 2019 [Member]
Debt Instrument [Line Items]
Derivative notional amount						$ 200,000,000
Interest rate swap, expiration date						2019-09
Reclassification out of accumulated other comprehensive income [Member] | Accumulated net gain (loss) from designated or qualifying cash flow hedges [Member]
Debt Instrument [Line Items]
Interest expense							1,200,000	$ 2,700,000	$ 7,400,000
2017 Credit Agreement [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement							$ 2,800,000,000
Termination date							Oct. 31, 2022
2019 Credit Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread							0.875%
Credit Agreement applicable daily rate spread							0.00%
Interest rate plus EURIBOR							0.75%
2019 Credit Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread							1.25%
Credit Agreement applicable daily rate spread							0.25%
4.875% Senior Notes [Member]
Debt Instrument [Line Items]
Term loan facility due and payable		$ 600,000,000
Interest rate of long-term debt							4.875%	4.875%		4.875%
4.875% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date							Mar. 1, 2026
Interest rate of long-term debt		4.875%					4.875%	4.875%		4.875%
Term loan facility due and payable							$ 597,052,000	$ 596,653,000
Redemption price percentage		99.24%
Debt instrument redemption description							The 4.875% senior notes are redeemable at our option, in whole or in part, prior to December 1, 2025 at a redemption price equal to the greater of (1) 100% of the principal amount of the 4.875% senior notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon to December 1, 2025 (not including any portions of payments of interest accrued as of the date of redemption) discounted to the date of redemption on a semi-annual basis at the Adjusted Treasury Rate (as defined in the indenture governing these notes). In addition, at any time on or after December 1, 2025, the 4.875% senior notes may be redeemed by us, in whole or in part, at a redemption price equal to 100.0% of the principal amount, plus accrued and unpaid interest, if any, to (but excluding) the date of redemption. If a change of control triggering event (as defined in the indenture governing these notes) occurs, we are obligated to make an offer to purchase the then outstanding 4.875% senior notes at a redemption price of 101.0% of the principal amount, plus accrued and unpaid interest, if any, to the date of purchase.
Debt instrument, frequency of periodic payment							semi-annually
Debt instrument, date of first required payment							Mar. 1, 2016
Senior long term loans							$ 593,600,000	$ 592,800,000
5.25% Senior Notes [Member]
Debt Instrument [Line Items]
Term loan facility due and payable				$ 300,000,000
Debt instrument, maturity date							Mar. 15, 2025
Interest rate of long-term debt			5.25%	5.25%			5.25%	5.25%		5.25%
Redemption price percentage				101.00%
Senior long term loans							$ 423,000,000	$ 422,700,000
Price equal to percentage on face value			101.50%
Aggregate principal amount issued			$ 125,000,000
5.25% Senior Notes [Member] | Redemption prior to December 15, 2024 [Member]
Debt Instrument [Line Items]
Redemption price percentage				100.00%
5.25% Senior Notes [Member] | Redemption on or after December 15, 2024 [Member]
Debt Instrument [Line Items]
Percentage of notes available for redemption				100.00%
5.25% Senior Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate of long-term debt							5.25%	5.25%		5.25%
Term loan facility due and payable							$ 425,952,000	$ 426,134,000
5.00% Senior Notes [Member]
Debt Instrument [Line Items]
Term loan facility due and payable					$ 800,000,000			$ 800,000,000
Interest rate of long-term debt								5.00%
Redemption date								Mar. 15, 2018
Senior notes, redemption premium								$ 20,000,000
Write-off of financing costs on extinguished debt								$ 8,000,000
5.00% Senior Notes [Member] | Redemption on March 15, 2018 [Member]
Debt Instrument [Line Items]
Redemption charges					28,000,000
Senior notes, redemption premium					20,000,000
Write-off of financing costs on extinguished debt					$ 8,000,000
5.00% senior notes due March 15, 2023 [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date								Mar. 15, 2023
Interest rate of long-term debt					5.00%
Debt instrument redemption description								The 5.00% senior notes were redeemable at our option, in whole or in part, on March 15, 2018 at a redemption price of 102.5% of the principal amount on that date. We redeemed these notes in full on March 15, 2018 and incurred charges of $28.0 million, including a premium of $20.0 million and the write-off of $8.0 million of unamortized deferred financing costs. We funded this redemption with $550.0 million of borrowings from our tranche A term loan facility and $270.0 million of borrowings from our revolving credit facility under our 2017 Credit Agreement.
Debt instrument, frequency of periodic payment								semi-annually
Accrued interest percentage per year					5.00%
5.00% senior notes due March 15, 2023 [Member] | Redemption on March 15, 2018 [Member]
Debt Instrument [Line Items]
Redemption price percentage					102.50%
Tranche A term loan facility [Member] | 2017 Credit Agreement [Member]
Debt Instrument [Line Items]
Borrowings from line of credit	$ 200,000,000
Term loan facility due and payable | €											€ 400,000,000
Amounts available to borrow under credit agreement							$ 750,000,000
Termination date							Oct. 31, 2022
Maximum leverage ratio							250.00%
Senior secured term loans outstanding								$ 294,400,000
Interest rate of long-term debt								3.36%
Tranche A term loan facility [Member] | 2019 Credit Agreement [Member]
Debt Instrument [Line Items]
Borrowings from line of credit	300,000,000
Amounts available to borrow under credit agreement							$ 300,000,000
Termination date							Mar. 4, 2024
Maximum leverage ratio							250.00%
Senior secured term loans outstanding							$ 297,300,000
Interest rate of long-term debt							2.69%			2.69%
Tranche A term loan facility [Member] | 5.00% Senior Notes [Member]
Debt Instrument [Line Items]
Term loan facility due and payable					$ 550,000,000
Revolving credit facility [Member] | 2017 Credit Agreement [Member]
Debt Instrument [Line Items]
Borrowings from line of credit	$ 83,000,000
Term loan facility due and payable					$ 270,000,000
Revolving credit facility [Member] | 2017 Credit Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread							0.775%
Credit Agreement applicable daily rate spread							0.00%
Revolving credit facility [Member] | 2017 Credit Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread							1.075%
Credit Agreement applicable daily rate spread							0.075%
Revolving credit facility [Member] | 2019 Credit Agreement [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement							$ 2,800,000,000
Termination date							Mar. 4, 2024
Revolving credit facility [Member] | 2019 Credit Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread							0.68%
Credit Agreement applicable daily rate spread							0.00%
Revolving credit facility [Member] | 2019 Credit Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread							1.075%
Credit Agreement applicable daily rate spread							0.075%
Euro term loan facility [Member] | 2019 Credit Agreement [Member]
Debt Instrument [Line Items]
Term loan facility due and payable | €										€ 400,000,000
Debt instrument, maturity date							Dec. 20, 2023
Term Loan Facility | 2017 Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date							Dec. 20, 2023
Senior secured term loans outstanding								$ 456,900,000
Interest rate of long-term debt								0.75%
Term loan facility due and payable | €										€ 400,000,000
Term Loan Facility | 2019 Credit Agreement [Member]
Debt Instrument [Line Items]
Senior secured term loans outstanding							$ 447,300,000
Interest rate of long-term debt							0.75%			0.75%

Long-Term Debt and Short-Term_7

Long-Term Debt and Short-Term Borrowings - Short-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Short-term borrowings	$ 981,709	$ 1,328,761
Short-term debt, weighted average interest rate	3.10%	3.80%

Long-Term Debt and Short-Term_8

Long-Term Debt and Short-Term Borrowings - Revolving Credit Facility - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Letters of credit outstanding amount	$ 91,800,000
2019 Credit Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread	0.875%
Credit Agreement applicable daily rate spread	0.00%
2019 Credit Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread	1.25%
Credit Agreement applicable daily rate spread	0.25%
2019 Credit Agreement [Member] | Revolving credit facility [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	$ 2,800,000,000
Revolving credit facility	0
Letters of credit outstanding amount	$ 2,000,000
2019 Credit Agreement [Member] | Revolving credit facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread	0.68%
Credit Agreement applicable daily rate spread	0.00%
2019 Credit Agreement [Member] | Revolving credit facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread	1.075%
Credit Agreement applicable daily rate spread	0.075%
2019 Credit Agreement [Member] | Canadian, Australian and New Zealand subsidiaries [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	$ 200,000,000
2019 Credit Agreement [Member] | U.K. subsidiaries [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	300,000,000
2017 Credit Agreement [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	$ 2,800,000,000
2017 Credit Agreement [Member] | Revolving credit facility [Member]
Debt Instrument [Line Items]
Revolving credit facility		$ 0
Letters of credit outstanding amount		$ 2,000,000
2017 Credit Agreement [Member] | Revolving credit facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread	0.775%
Credit Agreement applicable daily rate spread	0.00%
2017 Credit Agreement [Member] | Revolving credit facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread	1.075%
Credit Agreement applicable daily rate spread	0.075%
2017 Credit Agreement [Member] | Canadian, Australian and New Zealand subsidiaries [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	$ 200,000,000
2017 Credit Agreement [Member] | U.K. subsidiaries [Member]
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	$ 300,000,000

Leases - Additional Information

Leases - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2019
Maximum [Member]
Lease Cost [Line Items]
Lessee, lease term extension period	10 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Assets
Operating lease assets	$ 997,966
Financing lease assets	$ 94,141
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent
Total leased assets	$ 1,092,107
Current:
Operating	168,663
Financing	$ 34,966
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesCurrent
Non-current:
Operating	$ 1,057,758
Financing	$ 60,001
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent
Total lease liabilities	$ 1,321,388

Leases - Schedule of Components

Leases - Schedule of Components of Lease Costs (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Lease Cost [Line Items]
Amortization of right-to-use assets	$ 31,081
Variable lease cost	74,476
Total lease cost	292,246
Operating, administrative and other costs [Member]
Lease Cost [Line Items]
Operating lease cost	189,106
Interest expense [Member]
Lease Cost [Line Items]
Interest on lease liabilities	1,317
Revenue [Member]
Lease Cost [Line Items]
Sublease income	$ (3,734)

Leases - Schedule of Componen_2

Leases - Schedule of Components of Lease Costs (Parenthetical) (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Lease Cost [Line Items]
Amortization costs	$ 31,081
Variable lease costs	74,476
Cost of Revenue [Member]
Lease Cost [Line Items]
Amortization costs	25,500
Variable lease costs	17,500
Depreciation And Amortization [Member]
Lease Cost [Line Items]
Amortization costs	5,600
Operating, Administrative and Other Costs [Member]
Lease Cost [Line Items]
Variable lease costs	$ 57,000

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rate for Operating Leases (Detail)	Dec. 31, 2019
Weighted-average remaining lease term:
Operating leases	9 years
Finance leases	3 years
Weighted-average discount rate:
Operating leases	3.40%
Finance leases	2.30%

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Operating Leases
2020	$ 175,958
2021	200,043
2022	178,314
2023	160,300
2024	148,681
Thereafter	569,360
Total remaining lease payments at December 31, 2019	1,432,656
Less: Interest	206,235
Present value of lease liabilities at December 31, 2019	1,226,421
Finance Leases
2020	35,532
2021	27,314
2022	19,264
2023	12,303
2024	4,628
Total remaining lease payments at December 31, 2019	99,041
Less: Interest	4,074
Present value of lease liabilities at December 31, 2019	$ 94,967

Leases - Schedule by Year of Fu

Leases - Schedule by Year of Future Minimum Lease Payments for Noncancelable Operating Leases (Detail) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 238,954
2020	219,351
2021	202,205
2022	172,267
2023	145,705
Thereafter	510,741
Total minimum payment required	$ 1,489,223

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 167,652
Operating cash flows from financing leases	1,559
Financing cash flows from financing leases	32,352
Right-of-use assets obtained in exchange for new operating lease liabilities	168,972
Right-of-use assets obtained in exchange for new financing lease liabilities	63,041
Other non-cash increases in operating lease right-of-use assets	47,851
Other non-cash decreases in finance lease right-of-use assets	$ (1,826)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 91,800,000
Accrued loan loss	37,000,000	$ 37,900,000
Assets available for recourse	$ 930,700,000
Letters of credit expiration date	2020-09
Guarantees total	$ 80,100,000
Commitments to investment in future real estate investment	72,100,000
Commitments to investment in unconsolidated real estate subsidiary	$ 50,100,000
Maximum [Member]
Loss Contingencies [Line Items]
Co-investments typically range	2.00%
Warehouse Receivable [Member]
Loss Contingencies [Line Items]
Warehouse receivables	$ 636,400,000
Funded loans subject to loss sharing arrangements [Member]
Loss Contingencies [Line Items]
Funded loans unpaid principal	28,000,000,000
Letters of credit outstanding	72,000,000	64,000,000
SBL Program [Member]
Loss Contingencies [Line Items]
Letters of credit outstanding	5,000,000	$ 5,000,000
Funded loans not subject to loss sharing arrangements [Member]
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 77,000,000

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail)	Dec. 15, 2017shares	Dec. 01, 2017shares	May 17, 2019shares	Dec. 31, 2019USD ($)Pension_Planshares	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)shares	May 19, 2017shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Defined benefit plan | $				$ 309,400,000	$ 363,600,000	$ 286,500,000
Plan name				CBRE 401(k) Plan
Defined Contribution Plan, Sponsor Location [Extensible List]				us-gaap:DomesticPlanMember
Company contribution percent per year employed				20.00%
Percent of annual compensation match percentage					50.00%	50.00%
Percent of annual compensation to be matched					6.00%	6.00%
Defined benefit plan, annual compensation expense maximum | $					$ 150,000	$ 150,000
Defined contribution plan, expenses recognized | $				$ 59,900,000	46,300,000	$ 38,800,000
Percent of 401(k) that can be invested in common stock				25.00%
Number of share held as investment under 401(k) Plan				1,300,000
Defined Benefit Plan, Type [Extensible List]				us-gaap:PensionPlansDefinedBenefitMember
Defined Benefit Plan, Sponsor Location [Extensible List]				us-gaap:ForeignPlanMember
Number of contributory defined benefit pension plans in the United Kingdom | Pension_Plan				2
Fair value of plan assets | $				$ 331,400,000	274,400,000
Benefit obligation | $				439,400,000	387,400,000
Funded status | $				108,000,000	113,000,000
Unamortized actuarial loss | $				$ 191,600,000	$ 192,700,000
Annual Base Salary of Less than $100,000 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of annual compensation match percentage				67.00%
Percent of annual compensation to be matched				6.00%
Defined benefit plan, annual compensation expense maximum | $				$ 100,000
Annual Base Salary of $100,000 or Up to $150,000 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of annual compensation match percentage				50.00%
Percent of annual compensation to be matched				6.00%
Defined benefit plan, annual compensation expense minimum | $				$ 100,000,000
Defined benefit plan, annual compensation expense maximum | $				$ 150,000
Time Based Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Time-vesting awards, portion to be vested per year				25.00%
Vesting period				4 years
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee subscription rate				75.00%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee subscription rate				1.00%
Restricted Stock Units [Member] | Time Based Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grant				1,493,788	1,332,085	1,466,986
Restricted Stock Units [Member] | Time Based Vesting [Member] | Senior Brokers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Granted, Shares / Units	127,160
Restricted Stock Units [Member] | Maximum [Member] | Performance Based Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grant				888,726	1,014,269	1,458,033
Non-Vested Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Shares / Units				2,000,977	2,023,266	5,152,082
Stock options, compensation expense | $				$ 127,700,000	$ 128,200,000	$ 93,100,000
Stock options, unrecognized estimated compensation cost | $				$ 173,800,000
Weighted average period of recognition				2 years 10 months 24 days
2017 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unissued common stock available for issuance							0
Shares granted in period under equity incentive plan			189,499
Shares cancelled under equity incentive plan				234,242
2017 Equity Incentive Plan [Member] | Restricted Stock Units [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of trading days required for purposes of measuring shareholder return based on average closing price of common stock immediately preceding grant date		60 days
2017 Equity Incentive Plan [Member] | Restricted Stock Units [Member] | Time Based Vesting [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grant		939,605		55,973	55,973
Share based compensation arrangement by share based payment percentage of target restricted stock unit		33.30%
2017 Equity Incentive Plan [Member] | Restricted Stock Units [Member] | Total Shareholder Return [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity incentive plan termination date		Dec. 1, 2023
Share based compensation arrangement by share based payment percentage of target restricted stock unit		33.30%
Share-based compensation arrangement by share-based payment award, measurement period		6 years
2017 Equity Incentive Plan [Member] | Restricted Stock Units [Member] | EPS [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity incentive plan termination date		Dec. 31, 2023
Share based compensation arrangement by share based payment percentage of target restricted stock unit		33.30%
Share-based compensation arrangement by share-based payment award, measurement period		6 years
2017 Equity Incentive Plan [Member] | Restricted Stock Units [Member] | Maximum [Member] | Performance Based Vesting [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grant		3,288,618		195,907	195,907
2012 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grant				2,166,537
2019 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unissued common stock available for issuance							0
Equity incentive plan termination date				Mar. 1, 2029
2019 Equity Incentive Plan [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grant				7,538,712
Class A Common Stock [Member] | 2017 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance				5,736,560
Class A Common Stock [Member] | 2019 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future grant				9,944,743
Shares reserved for future issuance			9,900,000

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Fair Value of TSR Performance RSUs (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Volatility of common stock	25.96%	25.02%	27.85%
Expected dividend yield	0.00%	0.00%	0.00%
Risk-free interest rate	2.12%	2.73%	2.33%

Employee Benefit Plans - Sche_2

Employee Benefit Plans - Schedule of Non-Vested Stock Awards (Detail) - Non-Vested Stock Awards [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Balance, Shares / Units	7,182,360	7,677,102	4,843,273
Granted, Shares / Units	2,000,977	2,023,266	5,152,082
Performance award achievement adjustments, Shares/Units	166,007	282,953	489,219
Vested, Shares / Units	(1,323,351)	(2,177,800)	(2,510,031)
Forfeited, Shares / Units	(316,294)	(623,161)	(297,441)
Balance, Shares / Units	7,709,699	7,182,360	7,677,102
Balance, Weighted Average Market Value Per Share	$ 41.04	$ 37.76	$ 31.66
Granted, Weighted Average Market Value Per Share	50.07	45.70	40.11
Performance award achievement adjustments, Weighted Average Market Value Per Share	37.36	38.09	30.93
Vested, Weighted Average Market Value Per Share	37.43	34.78	29.98
Forfeited, Weighted Average Market Value Per Share	42.09	40.85	32.85
Balance, Weighted Average Market Value Per Share	$ 43.89	$ 41.04	$ 37.76

Income Taxes - Components of In

Income Taxes - Components of Income Before Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Domestic	$ 839,899	$ 807,590	$ 575,222
Foreign	521,446	571,416	596,111
Income before provision for income taxes	$ 1,361,345	$ 1,379,006	$ 1,171,333

Income Taxes - Tax Provision (B

Income Taxes - Tax Provision (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Federal, Current	$ (51,980)	$ 166,024	$ 275,475
Federal, Deferred	(74,432)	(7,667)	39,045
Federal, Total	(126,412)	158,357	314,520
State, Current	52,403	43,320	21,212
State, Deferred	(5,760)	(3,692)	5,573
State, Total	46,643	39,628	26,785
Foreign, Current	163,833	149,194	123,840
Foreign, Deferred	(14,169)	(34,121)	2,612
Foreign, Total	149,664	115,073	126,452
Tax Provision (Benefit), Total	$ 69,895	$ 313,058	$ 467,757

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Pre-Tax Income (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Federal statutory tax rate	21.00%	21.00%	35.00%
Foreign rate differential	4.00%		(5.00%)
State taxes, net of federal benefit	3.00%	3.00%	2.00%
Non-deductible expenses	1.00%	2.00%	2.00%
Reserves for uncertain tax positions	1.00%		(2.00%)
Credits and exemptions	(4.00%)	(2.00%)	(3.00%)
Outside basis differences recognized as a result of a legal entity restructuring	(20.00%)
Tax Reform		1.00%	12.00%
Change in valuation allowance		(1.00%)	(2.00%)
Acquisition-related costs		(2.00%)
Other	(1.00%)	1.00%	1.00%
Effective tax rate	5.00%	23.00%	40.00%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax [Line Items]
Net tax benefit attributable to outside basis differences recognized on legal entity restructuring	$ 277,200
Federal statutory tax rate		21.00%	21.00%	35.00%
Tax cuts and jobs act provisional income tax expense benefit				$ 158,000
Income tax benefit remeasurement of deferred tax assets and liabilities				14,600
Provision for income taxes attributable to the tax act			$ 13,300
Operating lease liabilities	320,261	$ 320,261
Deferred tax liabilities operating lease assets	314,433	314,433
Federal net operating losses, deferred tax asset before valuation allowance	6,800	6,800
Deferred tax assets before valuation allowances for state NOLs	3,500	3,500
Foreign net operating losses, deferred tax asset before valuation allowance	255,900	255,900
Deferred tax assets that do not satisfy realization criteria	251,922	251,922	248,511
Increase (decrease) in valuation allowance		3,400
Undistributed earnings	2,600,000	2,600,000
Additional undistributed foreign earnings	0	0
Unrecognized tax benefits	141,164	141,164	94,962	35,826
Unrecognized tax benefits that would affect our effective tax rate	44,500	44,500	50,200
Unrecognized tax benefits that would affect our effective tax rate, net of federal benefits received	42,700	$ 42,700	49,200
Expiration of U.S. federal statute tax year		2015
Additional interest and penalties accrued		$ 300	600	$ 1,000
Liability for interest and penalties	3,800	3,800	4,000
Interest expense	3,100	3,100	$ 3,500
Expiration of Federal Statute Limitations 2015 Tax Year [Member]
Income Tax [Line Items]
Gross unrecognized tax benefits released		3,700
Income tax benefits related to decreases in tax positions		3,200
Income tax benefits related to interest and penalties		500
Net Operating Losses [Member] | Luxembourg [Member]
Income Tax [Line Items]
Increase (decrease) in valuation allowance		7,900
Foreign NOLs [Member]
Income Tax [Line Items]
Increase (decrease) in valuation allowance		$ (4,500)
State [Member]
Income Tax [Line Items]
Payment of transition tax expiry year		2018
Operating loss carryforward, expiration period begins		2020
State [Member] | Income Taxes Payable [Member]
Income Tax [Line Items]
Tax liability transition tax payable	14,200	$ 14,200
State [Member] | Non-current Income Taxes Payable [Member]
Income Tax [Line Items]
Tax liability transition tax payable	93,600	$ 93,600
Federal [Member]
Income Tax [Line Items]
Payment of transition tax expiry year		2025
Payment of transition tax in annual interest-free installments period		8 years
Federal net capital losses, deferred tax asset before valuation allowance	64,900	$ 64,900
Capital loss carryforward, expiration period		5 years
Net operating loss carryforwards	32,200	$ 32,200
Operating loss carryforward, expiration period begins		2023
Federal [Member] | Capital Loss Carryforward [Member]
Income Tax [Line Items]
Capital loss carryforward	$ 327,900	$ 327,900
Foreign [Member]
Income Tax [Line Items]
Operating loss carryforward, expiration period begins		2020

Income Taxes - Temporary Tax Ef

Income Taxes - Temporary Tax Effects (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Tax losses and tax credits	$ 330,839	$ 275,574
Operating lease liabilities	320,261
Bonus and deferred compensation	280,747	276,572
Bad debt and other reserves	66,504	57,506
Pension obligation	24,022	22,950
Investments	5,236	5,211
Tax effect on revenue items related to Topic 606 adoption	(25,620)	(38,510)
Property and equipment	(54,370)	(49,935)
Unconsolidated affiliates and partnerships	(63,594)	(64,448)
Capitalized costs and intangibles	(277,246)	(289,674)
Operating lease assets	(314,433)
All other	(1,153)	(2,457)
Net deferred tax assets before valuation allowance	291,193	192,789
Valuation allowance	(251,922)	(248,511)
Net deferred tax (liabilities)		$ (55,722)
Net deferred tax assets	$ 39,271

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Beginning balance, unrecognized tax benefits	$ (94,962)	$ (35,826)
Gross increases - tax positions in prior period	(22,229)	(49,412)
Gross decreases - tax positions in prior period	17,390
Gross increases - current-period tax positions	(45,262)	(18,861)
Decreases relating to settlements	218	4,619
Reductions as a result of lapse of statute of limitations	3,680	4,531
Foreign exchange movement	1	(13)
Ending balance, unrecognized tax benefits	$ (141,164)	$ (94,962)

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	1 Months Ended			12 Months Ended
	Feb. 28, 2019	Jan. 31, 2019	Oct. 31, 2016	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Nov. 30, 2019	Aug. 31, 2019
Equity [Line Items]
Preferred stock shares				25,000,000
Shares repurchased during the period, shares				3,080,907	3,980,656
Shares repurchased during the period, value				$ 145,137,000	$ 161,034,000
Capacity remaining under current stock repurchase program				400,000,000
October 2016 Program [Member]
Equity [Line Items]
Shares repurchased during the period, value		$ 45,100,000
March 2019 Program [Member]
Equity [Line Items]
Shares repurchased during the period, value				100,000,000
Class A Common Stock [Member]
Equity [Line Items]
Authorized share repurchase amount				500,000,000
Authorized share repurchase term	3 years		3 years
Shares repurchased during the period, shares					3,980,656	0	0
Shares repurchased during the period, value				$ 31,000	$ 40,000
Average price per share					$ 40.43
Authorized share additional repurchase amount								$ 100,000,000	$ 100,000,000
Class A Common Stock [Member] | Maximum [Member]
Equity [Line Items]
Authorized share repurchase amount	$ 300,000,000		$ 250,000,000
Class A Common Stock [Member] | October 2016 Program [Member]
Equity [Line Items]
Shares repurchased during the period, shares		1,144,449
Average price per share		$ 39.38
Class A Common Stock [Member] | March 2019 Program [Member]
Equity [Line Items]
Shares repurchased during the period, shares				1,936,458
Average price per share				$ 51.64

Income Per Share Information -

Income Per Share Information - Calculation of Income Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Basic Income Per Share
Net income attributable to CBRE Group, Inc. shareholders	$ 1,282,357	$ 1,063,219	$ 697,109
Weighted average shares outstanding for basic income per share	335,795,654	339,321,056	337,658,017
Basic income per share attributable to CBRE Group, Inc. shareholders	$ 3.82	$ 3.13	$ 2.06
Diluted Income Per Share
Net income attributable to CBRE Group, Inc. shareholders	$ 1,282,357	$ 1,063,219	$ 697,109
Weighted average shares outstanding for basic income per share	335,795,654	339,321,056	337,658,017
Dilutive effect of contingently issuable shares	4,727,217	3,801,293	3,121,987
Dilutive effect of stock options		392	3,552
Weighted average shares outstanding for diluted income per share	340,522,871	343,122,741	340,783,556
Diluted income per share attributable to CBRE Group, Inc. shareholders	$ 3.77	$ 3.10	$ 2.05

Income Per Share Information _2

Income Per Share Information - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Contingently Issuable Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded in computation of diluted income per share	374,555	259,274	621,805

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue from Contracts with Customers (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	$ 23,274,086	$ 20,778,100	$ 18,152,507
Out of Scope of Topic 606 Revenue	620,005	561,988	476,280
Total revenue	23,894,091	21,340,088	18,628,787
Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	8,471,939	7,878,014	6,903,445
Out of Scope of Topic 606 Revenue	597,529	561,988	476,280
Total revenue	9,069,468	8,440,002	7,379,725
Global Workplace Solutions [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	14,164,001	12,365,362	10,791,963
Total revenue	14,164,001	12,365,362	10,791,963
Real Estate Investments [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	638,146	534,724	457,099
Out of Scope of Topic 606 Revenue	22,476
Total revenue	660,622	534,724	457,099
Global Workplace Solutions [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	14,164,001	12,365,362	10,791,963
Global Workplace Solutions [Member] | Global Workplace Solutions [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	14,164,001	12,365,362	10,791,963
Advisory Leasing [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	3,269,993	3,080,117	2,592,203
Advisory Leasing [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	3,269,993	3,080,117	2,592,203
Advisory Sales [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	2,130,979	1,980,932	1,869,872
Advisory Sales [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	2,130,979	1,980,932	1,869,872
Property and Advisory Project Management [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	2,255,398	2,057,433	1,748,594
Property and Advisory Project Management [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	2,255,398	2,057,433	1,748,594
Valuation [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	630,399	598,806	556,008
Valuation [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	630,399	598,806	556,008
Commercial Mortgage Origination [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	154,227	136,534	117,009
Out of Scope of Topic 606 Revenue	421,736	402,814	338,590
Commercial Mortgage Origination [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	154,227	136,534	117,009
Out of Scope of Topic 606 Revenue	421,736	402,814	338,590
Loan Servicing [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	30,943	24,192	19,759
Out of Scope of Topic 606 Revenue	175,793	159,174	137,690
Loan Servicing [Member] | Advisory Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	30,943	24,192	19,759
Out of Scope of Topic 606 Revenue	175,793	159,174	137,690
Investment Management [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	424,882	434,405	377,644
Investment Management [Member] | Real Estate Investments [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	424,882	434,405	377,644
Development Services [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	213,264	100,319	79,455
Out of Scope of Topic 606 Revenue	22,476
Development Services [Member] | Real Estate Investments [Member]
Disaggregation Of Revenue [Line Items]
Topic 606 Revenue	213,264	$ 100,319	$ 79,455
Out of Scope of Topic 606 Revenue	$ 22,476

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue From Contract With Customer [Abstract]
Contract assets	$ 529,800	$ 381,800
Contract assets, current	328,012	307,020
Increase in contract assets	148,000
Contract liabilities	115,000	92,500
Contract liabilities, current	108,671	82,227
Recognized revenue included in contract liability	75,200
Capitalized contract cost	69,300	45,700	$ 31,900
Capitalized contract cost, amortization of transaction cost	$ 32,300	$ 23,400	$ 19,200

Segments - Additional Informati

Segments - Additional Information (Detail)	Jan. 01, 2019Segment
Segment Reporting [Abstract]
Global business segments	3

Segments - Summarized Financial

Segments - Summarized Financial Information by Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Revenue	$ 23,894,091	$ 21,340,088	$ 18,628,787
Depreciation and amortization	439,224	451,988	406,114
Equity income (loss) from unconsolidated subsidiaries	160,925	324,664	210,207
Adjusted EBITDA	2,063,783	1,905,168	1,716,774
Advisory Services [Member]
Segment Reporting Information [Line Items]
Revenue	9,069,468	8,440,002	7,379,725
Depreciation and amortization	304,766	280,921	243,791
Equity income (loss) from unconsolidated subsidiaries	6,894	16,017	20,740
Adjusted EBITDA	1,465,792	1,303,251	1,174,943
Global Workspace Solutions [Member]
Segment Reporting Information [Line Items]
Revenue	14,164,001	12,365,362	10,791,963
Depreciation and amortization	120,975	147,222	136,127
Equity income (loss) from unconsolidated subsidiaries	(1,423)	115
Adjusted EBITDA	424,026	345,560	334,377
Real Estate Investments [Member]
Segment Reporting Information [Line Items]
Revenue	660,622	534,724	457,099
Depreciation and amortization	13,483	23,845	26,196
Equity income (loss) from unconsolidated subsidiaries	155,454	308,532	189,467
Adjusted EBITDA	$ 173,965	$ 256,357	$ 207,454

Segments - Adjusted EBITDA Calc

Segments - Adjusted EBITDA Calculation by Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting [Abstract]
Net income attributable to CBRE Group, Inc.	$ 1,282,357	$ 1,063,219	$ 697,109
Depreciation and amortization	439,224	451,988	406,114
Intangible asset impairment	89,787
Interest expense, net of interest income	85,754	98,685	126,961
Write-off of financing costs on extinguished debt	2,608	27,982
Provision for income taxes	69,895	313,058	467,757
EBITDA	1,969,625	1,954,932	1,697,941
Costs associated with our reorganization, including cost-savings initiatives	49,565	37,925
Integration and other costs related to acquisitions	15,292	9,124	27,351
Carried interest incentive compensation expense (reversal) to align with the timing of associated revenue	13,101	(5,261)	(8,518)
Impact of fair value adjustments to real estate assets acquired in the Telford Acquisition (purchase accounting) that were sold in period	9,301
Costs incurred related to legal entity restructuring	6,899
Costs incurred in connection with litigation settlement		8,868
One-time gain associated with remeasuring an investment in an unconsolidated subsidiary to fair value as of the date the remaining controlling interest was acquired		(100,420)
Adjusted EBITDA	$ 2,063,783	$ 1,905,168	$ 1,716,774

Segments - Summary of Geographi

Segments - Summary of Geographic Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	$ 23,894,091	$ 21,340,088	$ 18,628,787
United States [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	13,852,018	12,264,188	10,954,608
United Kingdom [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	2,972,704	2,586,890	2,242,973
All other countries [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Revenue	$ 7,069,369	$ 6,489,010	$ 5,431,206

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - Employees Other Than Executive Officers [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Loans to related parties	$ 416.7	$ 350.1
Maximum [Member]
Related Party Transaction [Line Items]
Related party transaction, rate	5.25%

Guarantor and Nonguarantor Fi_3

Guarantor and Nonguarantor Financial Statements - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 971,781	$ 777,219
Restricted cash	121,964	86,725
Receivables, net	4,466,674	3,668,591
Warehouse receivables	993,058	1,342,468
Contract assets	328,012	307,020
Prepaid expenses	282,741	254,892
Income taxes receivable	93,915	71,684
Other current assets	276,319	245,611
Total Current Assets	7,534,464	6,754,210
Property and equipment, net	836,206	721,692
Goodwill	3,753,493	3,652,309	$ 3,254,740
Other intangible assets, net	1,379,546	1,441,308
Operating lease assets	997,966
Investments in unconsolidated subsidiaries	426,711	216,174
Non-current contract assets	201,760	74,762
Real estate under development	185,508	4,586
Non-current income taxes receivable	139,136
Deferred tax assets, net	73,864	51,703
Other assets, net	668,542	540,049
Total Assets	16,197,196	13,456,793
Accounts payable and accrued expenses	2,436,084	1,919,827
Compensation and employee benefits payable	1,324,990	1,121,179
Accrued bonus and profit sharing	1,261,974	1,189,395
Operating lease liabilities	168,663
Contract liabilities	108,671	82,227
Income taxes payable	30,207	68,100
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	977,175	1,328,761
Other	4,534
Total short-term borrowings	981,709	1,328,761
Current maturities of long-term debt	1,814	3,146
Other current liabilities	122,339	90,745
Total Current Liabilities	6,436,451	5,803,380
Long-term debt, net	1,761,245	1,767,260
Total Long-Term Debt, net	1,761,245	1,767,260
Non-current operating lease liabilities	1,057,758
Non-current income taxes payable	93,647
Non-current tax liabilities	85,966	172,626
Deferred tax liabilities, net	34,593	107,425
Other liabilities	454,424	596,200
Total Liabilities	9,924,084	8,446,891
Commitments and contingencies
CBRE Group, Inc. Stockholders’ Equity	6,232,693	4,938,797
Non-controlling interests	40,419	71,105
Total Equity	6,273,112	5,009,902	$ 4,174,614	$ 3,145,900
Total Liabilities and Equity	16,197,196	13,456,793
Eliminations [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Income taxes receivable		(6,099)
Total Current Assets		(6,099)
Investments in consolidated subsidiaries	(17,853,831)	(15,584,158)
Intercompany loan receivable	(3,754,548)	(3,852,019)
Deferred tax assets, net	(89,902)	(2,718)
Total Assets	(21,698,281)	(19,444,994)
Income taxes payable		(6,099)
Total Current Liabilities		(6,099)
Intercompany loan payable	(3,754,548)	(3,852,019)
Total Long-Term Debt, net	(3,754,548)	(3,852,019)
Deferred tax liabilities, net	(89,902)	(2,718)
Total Liabilities	(3,844,450)	(3,860,836)
CBRE Group, Inc. Stockholders’ Equity	(17,853,831)	(15,584,158)
Total Equity	(17,853,831)	(15,584,158)
Total Liabilities and Equity	(21,698,281)	(19,444,994)
Parent [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	7	7
Income taxes receivable		6,099
Total Current Assets	7	6,106
Investments in consolidated subsidiaries	8,395,563	6,759,815
Total Assets	8,395,570	6,765,921
Accounts payable and accrued expenses		40
Total Current Liabilities		40
Intercompany loan payable	2,162,877	1,827,084
Total Long-Term Debt, net	2,162,877	1,827,084
Total Liabilities	2,162,877	1,827,124
CBRE Group, Inc. Stockholders’ Equity	6,232,693	4,938,797
Total Equity	6,232,693	4,938,797
Total Liabilities and Equity	8,395,570	6,765,921
CBRE Services [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	13,453	34,063
Receivables, net	16	5
Total Current Assets	13,469	34,068
Investments in consolidated subsidiaries	6,642,233	5,595,831
Intercompany loan receivable	3,054,548	2,440,775
Other assets, net	17,016	18,257
Total Assets	9,727,266	8,088,931
Accounts payable and accrued expenses	17,790	17,450
Income taxes payable		720
Other current liabilities		1,070
Total Current Liabilities	17,790	19,240
Long-term debt, net	1,313,913	1,309,876
Total Long-Term Debt, net	1,313,913	1,309,876
Total Liabilities	1,331,703	1,329,116
CBRE Group, Inc. Stockholders’ Equity	8,395,563	6,759,815
Total Equity	8,395,563	6,759,815
Total Liabilities and Equity	9,727,266	8,088,931
Guarantor Subsidiaries [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	254,992	261,181
Restricted cash	55,849	13,767
Receivables, net	1,627,598	1,340,120
Warehouse receivables	303,559	664,095
Contract assets	286,225	289,214
Prepaid expenses	127,413	122,305
Income taxes receivable	91,398	18,992
Other current assets	70,554	56,853
Total Current Assets	2,817,588	2,766,527
Property and equipment, net	560,509	512,110
Goodwill	2,249,274	2,224,909
Other intangible assets, net	726,897	835,270
Operating lease assets	451,769
Investments in unconsolidated subsidiaries	273,532	170,698
Non-current contract assets	175,215	74,762
Real estate under development		4,586
Investments in consolidated subsidiaries	2,816,035	3,228,512
Intercompany loan receivable	700,000	700,000
Non-current income taxes receivable	113,194
Deferred tax assets, net	57,639	2,666
Other assets, net	480,968	404,442
Total Assets	11,422,620	10,924,482
Accounts payable and accrued expenses	947,817	655,582
Compensation and employee benefits payable	758,367	662,196
Accrued bonus and profit sharing	686,793	685,521
Operating lease liabilities	75,906
Contract liabilities	58,701	41,045
Income taxes payable	2,002	6,417
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	300,260	657,731
Total short-term borrowings	300,260	657,731
Current maturities of long-term debt	18	39
Other current liabilities	46,121	70,202
Total Current Liabilities	2,875,985	2,778,733
Long-term debt, net		18
Intercompany loan payable	1,017,046	2,024,935
Total Long-Term Debt, net	1,017,046	2,024,953
Non-current operating lease liabilities	520,155
Non-current income taxes payable	93,647
Non-current tax liabilities	40,066	164,857
Other liabilities	233,488	360,108
Total Liabilities	4,780,387	5,328,651
CBRE Group, Inc. Stockholders’ Equity	6,642,233	5,595,831
Total Equity	6,642,233	5,595,831
Total Liabilities and Equity	11,422,620	10,924,482
Nonguarantor Subsidiaries [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	703,329	481,968
Restricted cash	66,115	72,958
Receivables, net	2,839,060	2,328,466
Warehouse receivables	689,499	678,373
Contract assets	41,787	17,806
Prepaid expenses	155,328	132,587
Income taxes receivable	2,517	52,692
Other current assets	205,765	188,758
Total Current Assets	4,703,400	3,953,608
Property and equipment, net	275,697	209,582
Goodwill	1,504,219	1,427,400
Other intangible assets, net	652,649	606,038
Operating lease assets	546,197
Investments in unconsolidated subsidiaries	153,179	45,476
Non-current contract assets	26,545
Real estate under development	185,508
Intercompany loan receivable		711,244
Non-current income taxes receivable	25,942
Deferred tax assets, net	106,127	51,755
Other assets, net	170,558	117,350
Total Assets	8,350,021	7,122,453
Accounts payable and accrued expenses	1,470,477	1,246,755
Compensation and employee benefits payable	566,623	458,983
Accrued bonus and profit sharing	575,181	503,874
Operating lease liabilities	92,757
Contract liabilities	49,970	41,182
Income taxes payable	28,205	67,062
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	676,915	671,030
Other	4,534
Total short-term borrowings	681,449	671,030
Current maturities of long-term debt	1,796	3,107
Other current liabilities	76,218	19,473
Total Current Liabilities	3,542,676	3,011,466
Long-term debt, net	447,332	457,366
Intercompany loan payable	574,625
Total Long-Term Debt, net	1,021,957	457,366
Non-current operating lease liabilities	537,603
Non-current tax liabilities	45,900	7,769
Deferred tax liabilities, net	124,495	110,143
Other liabilities	220,936	236,092
Total Liabilities	5,493,567	3,822,836
CBRE Group, Inc. Stockholders’ Equity	2,816,035	3,228,512
Non-controlling interests	40,419	71,105
Total Equity	2,856,454	3,299,617
Total Liabilities and Equity	$ 8,350,021	$ 7,122,453

Guarantor and Nonguarantor Fi_4

Guarantor and Nonguarantor Financial Statements - Condensed Consolidating Balance Sheet (Parenthetical) (Detail)	Dec. 31, 2019	Dec. 31, 2018	Dec. 12, 2014	Sep. 26, 2014
4.875% Senior Notes [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Interest rate of long-term debt	4.875%	4.875%
5.25% Senior Notes [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Interest rate of long-term debt	5.25%	5.25%	5.25%	5.25%

Guarantor and Nonguarantor Fi_5

Guarantor and Nonguarantor Financial Statements - Condensed Consolidating Statement of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Statement of Income Captions [Line Items]
Revenue	$ 23,894,091	$ 21,340,088	$ 18,628,787
Cost of revenue	18,689,013	16,449,212	14,305,099
Operating, administrative and other	3,436,009	3,365,773	2,858,720
Depreciation and amortization	439,224	451,988	406,114
Intangible asset impairment	89,787
Total costs and expenses	22,654,033	20,266,973	17,569,933
Gain on disposition of real estate	19,817	14,874	19,828
Operating income	1,259,875	1,087,989	1,078,682
Equity income (loss) from unconsolidated subsidiaries	160,925	324,664	210,207
Other income (loss)	28,907	93,020	9,405
Interest expense, net of interest income	85,754	98,685	126,961
Write-off of financing costs on extinguished debt	2,608	27,982
Income before provision for income taxes	1,361,345	1,379,006	1,171,333
(Benefit of) provision for income taxes	69,895	313,058	467,757
Net income	1,291,450	1,065,948	703,576
Less: Net income attributable to non-controlling interests	9,093	2,729	6,467
Net income attributable to CBRE Group, Inc.	1,282,357	1,063,219	697,109
Eliminations [Member]
Condensed Statement of Income Captions [Line Items]
Income from consolidated subsidiaries	(2,829,815)	(2,739,432)	(1,859,899)
Income before provision for income taxes	(2,829,815)	(2,739,432)	(1,859,899)
Net income	(2,829,815)	(2,739,432)	(1,859,899)
Net income attributable to CBRE Group, Inc.	(2,829,815)	(2,739,432)	(1,859,899)
Parent [Member]
Condensed Statement of Income Captions [Line Items]
Operating, administrative and other	1,000
Total costs and expenses	1,000
Operating income	(1,000)
Income from consolidated subsidiaries	1,283,103
Income before provision for income taxes	1,282,103
(Benefit of) provision for income taxes	(254)
Net income	1,282,357
Net income attributable to CBRE Group, Inc.	1,282,357
Parent [Member] | Reportable Legal Entities [Member]
Condensed Statement of Income Captions [Line Items]
Operating, administrative and other		24,523	5,661
Total costs and expenses		24,523	5,661
Operating income		(24,523)	(5,661)
Income from consolidated subsidiaries		1,081,643	700,608
Income before provision for income taxes		1,057,120	694,947
(Benefit of) provision for income taxes		(6,099)	(2,162)
Net income	1,282,357	1,063,219	697,109
Net income attributable to CBRE Group, Inc.		1,063,219	697,109
CBRE Services [Member]
Condensed Statement of Income Captions [Line Items]
Operating, administrative and other	1,036
Total costs and expenses	1,036
Operating income	(1,036)
Interest expense, net of interest income	(31,037)
Income from consolidated subsidiaries	1,262,674
Income before provision for income taxes	1,290,067
(Benefit of) provision for income taxes	6,964
Net income	1,283,103
Net income attributable to CBRE Group, Inc.	1,283,103
CBRE Services [Member] | Reportable Legal Entities [Member]
Condensed Statement of Income Captions [Line Items]
Operating, administrative and other		1,156	1,972
Total costs and expenses		1,156	1,972
Operating income		(1,156)	(1,972)
Other income (loss)		1	1
Interest expense, net of interest income		(32,031)	(10,648)
Write-off of financing costs on extinguished debt		27,982
Income from consolidated subsidiaries		1,079,469	695,245
Income before provision for income taxes		1,082,363	703,922
(Benefit of) provision for income taxes		720	3,314
Net income	1,283,103	1,081,643	700,608
Net income attributable to CBRE Group, Inc.		1,081,643	700,608
Guarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Revenue	13,550,005
Cost of revenue	10,836,412
Operating, administrative and other	1,705,837
Depreciation and amortization	265,220
Intangible asset impairment	89,787
Total costs and expenses	12,897,256
Gain on disposition of real estate	19,432
Operating income	672,181
Equity income (loss) from unconsolidated subsidiaries	162,019
Other income (loss)	7,842
Interest expense, net of interest income	80,604
Royalty and management service (income) expense	(92,728)
Income from consolidated subsidiaries	284,038
Income before provision for income taxes	1,138,204
(Benefit of) provision for income taxes	(124,470)
Net income	1,262,674
Net income attributable to CBRE Group, Inc.	1,262,674
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Condensed Statement of Income Captions [Line Items]
Revenue		11,998,469	10,702,005
Cost of revenue		9,513,947	8,517,114
Operating, administrative and other		1,715,150	1,437,641
Depreciation and amortization		271,378	239,863
Total costs and expenses		11,500,475	10,194,618
Gain on disposition of real estate		7,705	6,037
Operating income		505,699	513,424
Equity income (loss) from unconsolidated subsidiaries		323,080	206,655
Other income (loss)		103,657	22
Interest expense, net of interest income		329,083	110,494
Royalty and management service (income) expense		(61,626)	66,191
Income from consolidated subsidiaries		578,320	464,046
Income before provision for income taxes		1,243,299	1,007,462
(Benefit of) provision for income taxes		163,830	312,217
Net income	1,262,674	1,079,469	695,245
Net income attributable to CBRE Group, Inc.		1,079,469	695,245
Nonguarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Revenue	10,344,086
Cost of revenue	7,852,601
Operating, administrative and other	1,728,136
Depreciation and amortization	174,004
Total costs and expenses	9,754,741
Gain on disposition of real estate	385
Operating income	589,730
Equity income (loss) from unconsolidated subsidiaries	(1,094)
Other income (loss)	21,065
Interest expense, net of interest income	36,187
Royalty and management service (income) expense	92,728
Income before provision for income taxes	480,786
(Benefit of) provision for income taxes	187,655
Net income	293,131
Less: Net income attributable to non-controlling interests	9,093
Net income attributable to CBRE Group, Inc.	284,038
Nonguarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Condensed Statement of Income Captions [Line Items]
Revenue		9,341,619	7,926,782
Cost of revenue		6,935,265	5,787,985
Operating, administrative and other		1,624,944	1,413,446
Depreciation and amortization		180,610	166,251
Total costs and expenses		8,740,819	7,367,682
Gain on disposition of real estate		7,169	13,791
Operating income		607,969	572,891
Equity income (loss) from unconsolidated subsidiaries		1,584	3,552
Other income (loss)		(10,638)	9,382
Interest expense, net of interest income		(198,367)	27,115
Royalty and management service (income) expense		61,626	(66,191)
Income before provision for income taxes		735,656	624,901
(Benefit of) provision for income taxes		154,607	154,388
Net income	$ 293,131	581,049	470,513
Less: Net income attributable to non-controlling interests		2,729	6,467
Net income attributable to CBRE Group, Inc.		$ 578,320	$ 464,046

Guarantor and Nonguarantor Fi_6

Guarantor and Nonguarantor Financial Statements - Condensed Consolidating Statement of Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Statement of Income Captions [Line Items]
Net income	$ 1,291,450	$ 1,065,948	$ 703,576
Foreign currency translation gain (loss)	(14,092)	(161,384)	218,001
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	1,320	2,439	4,964
Unrealized gains (losses) on interest rate swaps, net of tax		708	585
Unrealized holding gains (losses) on available for sale debt securities, net of tax	2,101	(971)	2,737
Pension liability adjustments, net of tax	944	1,315	12,701
Legal entity restructuring, net	63,149
Other, net	(14,946)	(5,070)	364
Total other comprehensive income (loss)	38,476	(166,927)	239,352
Comprehensive income	1,329,926	899,021	942,928
Less: Comprehensive income attributable to non-controlling interests	9,048	1,657	6,879
Comprehensive income attributable to CBRE Group, Inc.	1,320,878	897,364	936,049
Eliminations [Member]
Condensed Statement of Income Captions [Line Items]
Net income	(2,829,815)	(2,739,432)	(1,859,899)
Comprehensive income	(2,829,815)	(2,739,432)	(1,859,899)
Comprehensive income attributable to CBRE Group, Inc.	(2,829,815)	(2,739,432)	(1,859,899)
Accounting Standards Update 2016-01 [Member]
Condensed Statement of Income Captions [Line Items]
Adoption of Accounting Standards Update 2016-01, net		(3,964)
Parent [Member]
Condensed Statement of Income Captions [Line Items]
Net income	1,282,357
Parent [Member] | Reportable Legal Entities [Member]
Condensed Statement of Income Captions [Line Items]
Net income	1,282,357	1,063,219	697,109
Other, net			(2)
Total other comprehensive income (loss)			(2)
Comprehensive income	1,282,357	1,063,219	697,107
Comprehensive income attributable to CBRE Group, Inc.	1,282,357	1,063,219	697,107
CBRE Services [Member]
Condensed Statement of Income Captions [Line Items]
Net income	1,283,103
CBRE Services [Member] | Reportable Legal Entities [Member]
Condensed Statement of Income Captions [Line Items]
Net income	1,283,103	1,081,643	700,608
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	1,320	2,439	4,964
Unrealized gains (losses) on interest rate swaps, net of tax		708	585
Other, net	(104)
Total other comprehensive income (loss)	1,216	3,147	5,549
Comprehensive income	1,284,319	1,084,790	706,157
Comprehensive income attributable to CBRE Group, Inc.	1,284,319	1,084,790	706,157
Guarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Net income	1,262,674
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Condensed Statement of Income Captions [Line Items]
Net income	1,262,674	1,079,469	695,245
Unrealized holding gains (losses) on available for sale debt securities, net of tax	2,101	(971)	2,557
Other, net		7	(21)
Total other comprehensive income (loss)	2,101	(4,928)	2,536
Comprehensive income	1,264,775	1,074,541	697,781
Comprehensive income attributable to CBRE Group, Inc.	1,264,775	1,074,541	697,781
Guarantor Subsidiaries [Member] | Accounting Standards Update 2016-01 [Member] | Reportable Legal Entities [Member]
Condensed Statement of Income Captions [Line Items]
Adoption of Accounting Standards Update 2016-01, net		(3,964)
Nonguarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Net income	293,131
Nonguarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Condensed Statement of Income Captions [Line Items]
Net income	293,131	581,049	470,513
Foreign currency translation gain (loss)	(14,092)	(161,384)	218,001
Unrealized holding gains (losses) on available for sale debt securities, net of tax			180
Pension liability adjustments, net of tax	944	1,315	12,701
Legal entity restructuring, net	63,149
Other, net	(14,842)	(5,077)	387
Total other comprehensive income (loss)	35,159	(165,146)	231,269
Comprehensive income	328,290	415,903	701,782
Less: Comprehensive income attributable to non-controlling interests	9,048	1,657	6,879
Comprehensive income attributable to CBRE Group, Inc.	$ 319,242	$ 414,246	$ 694,903

Guarantor and Nonguarantor Fi_7

Guarantor and Nonguarantor Financial Statements - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Cash Flow Statements, Captions [Line Items]
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:	$ 1,223,380	$ 1,131,249	$ 894,411
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(293,514)	(227,803)	(178,042)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired	(355,926)	(322,573)	(118,427)
Contributions to unconsolidated subsidiaries	(105,947)	(62,802)	(68,700)
Distributions from unconsolidated subsidiaries	33,289	61,709	63,664
Purchase of equity securities	(12,017)	(21,402)	(15,584)
Proceeds from sale of equity securities	15,623	16,314	15,587
Purchase of available for sale debt securities	(8,853)	(23,360)	(19,280)
Proceeds from the sale of available for sale debt securities	4,671	5,792	15,790
Other investing activities, net	1,650	13,441	2,392
Net cash used in investing activities	(721,024)	(560,684)	(302,600)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from senior term loans	300,000	1,002,745	200,000
Repayment of senior term loans	(300,000)	(450,000)	(751,876)
Proceeds from revolving credit facility	3,609,000	3,258,000	1,521,000
Repayment of revolving credit facility	(3,609,000)	(3,258,000)	(1,521,000)
Repayment of 5.00% senior notes (including premium)		(820,000)
Repurchase of common stock	(145,137)	(161,034)
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date)	(42,147)	(18,660)	(24,006)
Units repurchased for payment of taxes on equity awards	(18,426)	(29,386)	(29,549)
Non-controlling interest contributions	46,612	25,355	5,301
Non-controlling interest distributions	(3,957)	(13,413)	(8,715)
Other financing activities, net	1,793	(15,912)	(18,897)
Net cash used in financing activities	(271,949)	(506,600)	(627,742)
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash	(606)	(24,840)	29,338
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	229,801	39,125	(6,593)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD	863,944	824,819	831,412
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD	1,093,745	863,944	824,819
Cash paid during the period for:
Interest	86,666	104,165	117,164
Income taxes, net	365,065	375,849	356,997
Telford Homes Plc [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt assumed in acquisition	(110,687)
FacilitySource [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt assumed in acquisition		(26,295)
Parent [Member]
Condensed Cash Flow Statements, Captions [Line Items]
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:	133,051	105,850	89,341
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchase of common stock	(145,137)	(161,034)
Units repurchased for payment of taxes on equity awards	(18,426)	(29,386)	(29,549)
Decrease (increase) in intercompany receivables, net	30,512	84,213	(60,271)
Other financing activities, net		357	479
Net cash used in financing activities	(133,051)	(105,850)	(89,341)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD	7	7	7
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD	7	7	7
CBRE Services [Member]
Condensed Cash Flow Statements, Captions [Line Items]
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:	28,603	21,834	37,990
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from senior term loans	300,000	550,000	200,000
Repayment of senior term loans	(300,000)	(450,000)	(751,876)
Proceeds from revolving credit facility	3,609,000	3,258,000	1,521,000
Repayment of revolving credit facility	(3,609,000)	(3,258,000)	(1,521,000)
Repayment of 5.00% senior notes (including premium)		(820,000)
Decrease (increase) in intercompany receivables, net	(45,862)	716,837	520,579
Other financing activities, net	(3,351)	(212)	(7,978)
Net cash used in financing activities	(49,213)	(3,375)	(39,275)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(20,610)	18,459	(1,285)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD	34,063	15,604	16,889
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD	13,453	34,063	15,604
Cash paid during the period for:
Interest	69,667	102,491	117,072
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:	906,398	429,540	424,787
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(190,143)	(140,670)	(121,347)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired	(13,788)	(305,315)	(87,248)
Contributions to unconsolidated subsidiaries	(63,016)	(51,046)	(63,119)
Distributions from unconsolidated subsidiaries	29,319	57,269	52,896
Purchase of equity securities	(12,017)	(21,402)	(15,584)
Proceeds from sale of equity securities	14,065	16,314	15,587
Purchase of available for sale debt securities	(8,853)	(23,360)	(19,280)
Proceeds from the sale of available for sale debt securities	4,671	5,792	15,790
Other investing activities, net	1,102	2,793	1,968
Net cash used in investing activities	(238,660)	(459,625)	(220,337)
CASH FLOWS FROM FINANCING ACTIVITIES:
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date)	(30,268)	(16,774)	(19,854)
Decrease (increase) in intercompany receivables, net	(601,577)	233,975	(338,396)
Other financing activities, net		(16)	(3,145)
Net cash used in financing activities	(631,845)	190,890	(361,395)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	35,893	160,805	(156,945)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD	274,948	114,143	271,088
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD	310,841	274,948	114,143
Cash paid during the period for:
Income taxes, net	188,329	198,930	198,520
Guarantor Subsidiaries [Member] | FacilitySource [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt assumed in acquisition		(26,295)
Nonguarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES:	155,328	574,025	342,293
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(103,371)	(87,133)	(56,695)
Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired	(342,138)	(17,258)	(31,179)
Contributions to unconsolidated subsidiaries	(42,931)	(11,756)	(5,581)
Distributions from unconsolidated subsidiaries	3,970	4,440	10,768
Proceeds from sale of equity securities	1,558
Other investing activities, net	548	10,648	424
Net cash used in investing activities	(482,364)	(101,059)	(82,263)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from senior term loans		452,745
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date)	(11,879)	(1,886)	(4,152)
Non-controlling interest contributions	46,612	25,355	5,301
Non-controlling interest distributions	(3,957)	(13,413)	(8,715)
Decrease (increase) in intercompany receivables, net	616,927	(1,035,025)	(121,912)
Other financing activities, net	5,144	(16,041)	(8,253)
Net cash used in financing activities	542,160	(588,265)	(137,731)
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash	(606)	(24,840)	29,338
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	214,518	(140,139)	151,637
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD	554,926	695,065	543,428
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD	769,444	554,926	695,065
Cash paid during the period for:
Interest	16,999	1,674	92
Income taxes, net	176,736	$ 176,919	$ 158,477
Nonguarantor Subsidiaries [Member] | Telford Homes Plc [Member]
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt assumed in acquisition	$ (110,687)

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Valuation And Qualifying Accounts [Abstract]
Beginning balance	$ 60,348	$ 46,789	$ 39,469
Charges to expense	20,373	19,760	8,044
Write-offs, payments and other	(7,996)	(6,201)	(724)
Ending balance	$ 72,725	$ 60,348	$ 46,789