v3.26.1
Segment Information - Schedule of Adjusted EBITDA (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Revenues $ 2,625 $ 2,256 $ 5,069 $ 4,481
Segment cost of revenues 790 707 1,555 1,434
Other segment items 439 420 873 851
Segment adjusted EBITDA 1,396 1,129 2,641 2,196
Depreciation, amortization and accretion expense (557) (502) (1,101) (982)
Stock-based compensation expense (145) (127) (273) (240)
Transaction costs (3) (3) (11) (9)
Restructuring and other exit charges (6) (2) (12) (12)
Impairment charges (17) (1) (19) (1)
Gain (loss) on asset sales (3) 0 17 0
Interest income 36 52 77 99
Interest expense (151) (135) (299) (257)
Other income (expense) (28) (7) (27) 2
Income before income taxes 523 405 994 797
UNITED STATES        
Segment Reporting [Line Items]        
Revenues 1,100 871 2,000 1,700
Colocation        
Segment Reporting [Line Items]        
Revenues 1,772 1,585 3,502 3,130
Interconnection        
Segment Reporting [Line Items]        
Revenues 453 407 899 800
Managed infrastructure        
Segment Reporting [Line Items]        
Revenues 112 117 227 232
Other        
Segment Reporting [Line Items]        
Revenues 40 34 80 68
Recurring revenues        
Segment Reporting [Line Items]        
Revenues 2,377 2,143 4,708 4,230
Non-recurring revenues        
Segment Reporting [Line Items]        
Revenues 248 113 361 251
Americas        
Segment Reporting [Line Items]        
Revenues 1,251 1,004 2,342 2,005
Segment cost of revenues 343 290 646 580
Other segment items 267 248 539 516
Segment adjusted EBITDA 641 466 1,157 909
Americas | Colocation        
Segment Reporting [Line Items]        
Revenues 747 654 1,478 1,290
Americas | Interconnection        
Segment Reporting [Line Items]        
Revenues 256 231 507 460
Americas | Managed infrastructure        
Segment Reporting [Line Items]        
Revenues 56 62 113 125
Americas | Other        
Segment Reporting [Line Items]        
Revenues 8 4 15 7
Americas | Recurring revenues        
Segment Reporting [Line Items]        
Revenues 1,067 951 2,113 1,882
Americas | Non-recurring revenues        
Segment Reporting [Line Items]        
Revenues 184 53 229 123
EMEA        
Segment Reporting [Line Items]        
Revenues 845 767 1,672 1,510
Segment cost of revenues 284 264 591 545
Other segment items 105 104 201 201
Segment adjusted EBITDA 456 399 880 764
EMEA | Colocation        
Segment Reporting [Line Items]        
Revenues 633 572 1,246 1,139
EMEA | Interconnection        
Segment Reporting [Line Items]        
Revenues 105 96 211 183
EMEA | Managed infrastructure        
Segment Reporting [Line Items]        
Revenues 40 38 81 73
EMEA | Other        
Segment Reporting [Line Items]        
Revenues 28 26 57 53
EMEA | Recurring revenues        
Segment Reporting [Line Items]        
Revenues 806 732 1,595 1,448
EMEA | Non-recurring revenues        
Segment Reporting [Line Items]        
Revenues 39 35 77 62
Asia-Pacific        
Segment Reporting [Line Items]        
Revenues 529 485 1,055 966
Segment cost of revenues 163 153 318 309
Other segment items 67 68 133 134
Segment adjusted EBITDA 299 264 604 523
Asia-Pacific | Colocation        
Segment Reporting [Line Items]        
Revenues 392 359 778 701
Asia-Pacific | Interconnection        
Segment Reporting [Line Items]        
Revenues 92 80 181 157
Asia-Pacific | Managed infrastructure        
Segment Reporting [Line Items]        
Revenues 16 17 33 34
Asia-Pacific | Other        
Segment Reporting [Line Items]        
Revenues 4 4 8 8
Asia-Pacific | Recurring revenues        
Segment Reporting [Line Items]        
Revenues 504 460 1,000 900
Asia-Pacific | Non-recurring revenues        
Segment Reporting [Line Items]        
Revenues $ 25 $ 25 $ 55 $ 66