CW 2020 Annual Report

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

Year Ended December 31, 2020

Revenue recognition timing

Americas

EMEA

APAC

Total

Property, facilities and project management

Over time

$ 3,993.3 $

474.5 $

862.9 $ 5,330.7

Leasing

At a point in time At a point in time

954.9 592.0 166.9

194.2 125.4 172.8

139.2

1,288.3

Capital markets

54.3

771.7 453.0

Valuation and other

At a point in time or over time

113.3

$ 5,707.1 $

966.9 $ 1,169.7 $ 7,843.7

Total revenue

Year Ended December 31, 2019

Revenue recognition timing

Americas

EMEA

APAC

Total

Property, facilities and project management

Over time

$ 3,723.2 $

412.8 $ 1,141.0 $ 5,277.0

Leasing

At a point in time At a point in time

1,519.0

251.5 182.2 191.7

180.3 104.6 114.8

1,950.8 1,033.7

Capital markets

746.9 183.0

Valuation and other

At a point in time or over time

489.5

$ 6,172.1 $ 1,038.2 $ 1,540.7 $ 8,751.0

Total revenue

Year Ended December 31, 2018

Revenue recognition timing

Americas

EMEA

APAC

Total

Property, facilities and project management

Over time

$ 3,369.6 $

371.1 $ 1,136.8 $ 4,877.5

Leasing

At a point in time At a point in time

1,487.5

266.1 173.6 189.0

174.1

1,927.7

Capital markets

702.4 165.2

86.7 97.8

962.7 452.0

Valuation and other

At a point in time or over time

$ 5,724.7 $

999.8 $ 1,495.4 $ 8,219.9

Total revenue

Practical Expedients and Exemptions The Company incurs incremental costs to obtain new contracts across the majority of its service lines. As the amortization period of those expenses is 12 months or less, the Company expenses those incremental costs of obtaining the contracts in accordance with Topic 606. Remaining performance obligations represent the aggregate transaction prices for contracts where the performance obligations have not yet been satisfied. In accordance with Topic 606, the Company does not disclose unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) variable consideration for services performed as a series of daily performance obligations, such as those performed within the Property, facilities and project management services lines. Performance obligations within these businesses represent a significant portion of the Company's contracts with customers not expected to be completed within 12 months.

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