v3.25.0.1
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table presents the income and expenses from these arrangements with the Joint Ventures in our consolidated statements of operations (in millions):
Years Ended December 31,
Related PartyNature of Transaction202420232022
EMEA 1 Joint VentureIncome$27 $29 $39 
EMEA 1 Joint Venture
Expenses (1)
16 18 8 
VIE Joint Ventures (2)
Income (3)
257 107 40 
(1)Primarily consists of rent expenses for a sub-lease agreement with the EMEA 1 Joint Venture for a London data center with a remaining lease term of approximately 15-years as of December 31, 2024.
(2)Expenses from transactions with VIE Joint Ventures were insignificant for the years ended December 31, 2024, 2023 and 2022.
(3)Primarily consists of revenues related to lease and services arrangements as described above and also includes interest income earned on the AMER 2 Loan for the year ended December 31, 2024 of $17 million.
We have also sold certain data center facilities to our Joint Ventures and recognized gains or losses on asset sales as described in Note 5.
The following table presents the assets and liabilities from related party transactions with the Joint Ventures in our consolidated balance sheets (in millions):
EMEA 1 Joint VentureVIE Joint Ventures
As of December 31,As of December 31,
Balance Sheet2024202320242023
Accounts receivable, net$4 $19 $50 $23 
Other current assets (1)
19 19 128 43 
Property, plant and equipment, net (2)
145 97 74 72 
Operating lease right-of-use assets2 2 2 2 
Other assets (3)
— — 302 21 
Other current liabilities5 9 10 6 
Finance lease liabilities164 111 78 75 
Operating lease liabilities2 2 2 2 
Other liabilities (4)
48 50 11 — 
(1)The balance primarily relates to contract assets and other receivables.
(2)The balance relates to finance lease right-of-use assets.
(3)As of December 31, 2024, the balance primarily relates to the AMER 2 Loan receivable. As of December 31, 2023, the balance primarily relates to contract assets and other receivables.
(4)The balance primarily relates to the obligation to pay for future construction for certain sites sold as a part of the EMEA 1 Joint Venture transaction.
Our other related party transaction activity was as follows (in millions):
Years ended December 31,
202420232022
Revenues$218 $310 $236 
Costs and services18 38 59 
As of December 31,
20242023
Accounts receivable, net$15 $33 
Accounts payable4 —