Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

During the year ended December 31, 2025, we entered into forward contracts to hedge foreign currency risk that were not designated as hedges which generally have a maturity of less than 90 days. Forward contracts outstanding as of December 31, 2025 will mature on March 17, 2026. The following table details the gross notional value and net basis of these contracts.


	December 31,
(in billions)	2025		2024
Foreign currency forward contracts, gross notional value	$	2.04	2.21
Foreign currency forward contracts, net basis	1.23		1.08

Schedule of Derivative Assets at Fair Value

The following table summarizes the asset and liability positions of our derivatives on a gross basis and the net asset or net liability position with the financial institutions from which we purchase these contracts.



	Fair Value Asset				Fair Value Liability
	December 31,				December 31,
(in millions)	2025		2024		2025		2024
Derivatives designated as hedging instruments:
Net investment hedges:
Gross amount of derivative	$	3.6	—		$	10.0	—
Offsetting derivative	(1.1)		—		(1.1)		—
Net amount of net investment hedges	$	2.5	—		$	8.9	—

Derivatives not designated as hedging instruments:
Foreign currency forward contracts:
Gross amount of derivative	$	2.2	7.3		$	4.2	16.3
Offsetting derivative	(0.6)		(2.4)		(0.6)		(2.4)
Net amount of foreign currency forward contracts	$	1.6	4.9		$	3.6	13.9
Total derivatives at fair value	$	4.1	$	4.9	$	12.5	13.9

Derivative Instruments, Gain (Loss)

The following table summarizes the pre-tax impact of the outstanding derivatives on the Consolidated Statements of Comprehensive Income.


	Year Ended December 31,
(in millions)	2025		2024	2023
Derivatives designated as hedging instruments:
Interest income	$	2.5	—	—
Loss recognized in Accumulated other comprehensive loss	6.4		—	—
Derivatives not designated as hedging instruments:
Gain (loss) recognized in Operating, administrative and other	$	9.0	(22.1)	5.2

JONES LANG LASALLE INC 10-K