v3.26.3
Segment Information - Schedule of Adjusted EBITDA (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting [Line Items]        
Revenues $ 2,571 $ 2,316 $ 7,640 $ 6,797
Segment cost of revenues 830 752 2,385 2,186
Other segment items 420 416 1,293 1,267
Segment adjusted EBITDA 1,321 1,148 3,962 3,344
Depreciation, amortization and accretion expense (548) (533) (1,649) (1,515)
Stock-based compensation expense (141) (130) (414) (370)
Transaction costs (20) (3) (31) (12)
Restructuring and other exit charges (6) (5) (18) (17)
Impairment charges (6) (4) (25) (5)
Gain (loss) on asset sales 0 1 17 1
Interest income 46 53 123 152
Interest expense (163) (128) (462) (385)
Other income (expense) 54 0 27 2
Gain (loss) on debt extinguishment 0 0 1 1
Income before income taxes 537 399 1,531 1,196
UNITED STATES        
Segment Reporting [Line Items]        
Revenues 989 892 3,000 2,600
Colocation        
Segment Reporting [Line Items]        
Revenues 1,826 1,637 5,328 4,767
Interconnection        
Segment Reporting [Line Items]        
Revenues 465 422 1,364 1,222
Managed infrastructure        
Segment Reporting [Line Items]        
Revenues 108 118 335 350
Other        
Segment Reporting [Line Items]        
Revenues 43 38 123 106
Recurring revenues        
Segment Reporting [Line Items]        
Revenues 2,442 2,215 7,150 6,445
Non-recurring revenues        
Segment Reporting [Line Items]        
Revenues 129 101 490 352
Americas        
Segment Reporting [Line Items]        
Revenues 1,148 1,035 3,490 3,040
Segment cost of revenues 339 297 985 877
Other segment items 249 249 788 765
Segment adjusted EBITDA 560 489 1,717 1,398
Americas | Colocation        
Segment Reporting [Line Items]        
Revenues 770 682 2,248 1,972
Americas | Interconnection        
Segment Reporting [Line Items]        
Revenues 262 239 769 699
Americas | Managed infrastructure        
Segment Reporting [Line Items]        
Revenues 52 61 165 186
Americas | Other        
Segment Reporting [Line Items]        
Revenues 9 5 24 12
Americas | Recurring revenues        
Segment Reporting [Line Items]        
Revenues 1,093 987 3,206 2,869
Americas | Non-recurring revenues        
Segment Reporting [Line Items]        
Revenues 55 48 284 171
EMEA        
Segment Reporting [Line Items]        
Revenues 878 784 2,550 2,294
Segment cost of revenues 319 299 910 844
Other segment items 103 101 304 302
Segment adjusted EBITDA 456 384 1,336 1,148
EMEA | Colocation        
Segment Reporting [Line Items]        
Revenues 653 588 1,899 1,727
EMEA | Interconnection        
Segment Reporting [Line Items]        
Revenues 108 100 319 283
EMEA | Managed infrastructure        
Segment Reporting [Line Items]        
Revenues 40 39 121 112
EMEA | Other        
Segment Reporting [Line Items]        
Revenues 30 29 87 82
EMEA | Recurring revenues        
Segment Reporting [Line Items]        
Revenues 831 756 2,426 2,204
EMEA | Non-recurring revenues        
Segment Reporting [Line Items]        
Revenues 47 28 124 90
Asia-Pacific        
Segment Reporting [Line Items]        
Revenues 545 497 1,600 1,463
Segment cost of revenues 172 156 490 465
Other segment items 68 66 201 200
Segment adjusted EBITDA 305 275 909 798
Asia-Pacific | Colocation        
Segment Reporting [Line Items]        
Revenues 403 367 1,181 1,068
Asia-Pacific | Interconnection        
Segment Reporting [Line Items]        
Revenues 95 83 276 240
Asia-Pacific | Managed infrastructure        
Segment Reporting [Line Items]        
Revenues 16 18 49 52
Asia-Pacific | Other        
Segment Reporting [Line Items]        
Revenues 4 4 12 12
Asia-Pacific | Recurring revenues        
Segment Reporting [Line Items]        
Revenues 518 472 1,518 1,372
Asia-Pacific | Non-recurring revenues        
Segment Reporting [Line Items]        
Revenues $ 27 $ 25 $ 82 $ 91