Equinix (EQIX) 10-K 16 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2023	Feb. 15, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-40205
Entity Registrant Name	EQUINIX, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0487526
Entity Address, Address Line One	One Lagoon Drive
Entity Address, City or Town	Redwood City
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94065
City Area Code	650
Local Phone Number	598-6000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 73
Entity Common Stock, Shares Outstanding		94,621,449
Documents Incorporated by Reference	Part III – Portions of the registrant's definitive proxy statement to be issued in conjunction with the registrant's 2024 Annual Meeting of Stockholders, which is expected to be filed not later than 120 days after the registrant's fiscal year ended December 31, 2023. Except as expressly incorporated by reference, the registrant's proxy statement shall not be deemed to be a part of this report on Form 10-K
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0001101239
Common Stock, $0.001
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.001
Trading Symbol	EQIX
Security Exchange Name	NASDAQ
0.250% Senior Notes due 2027
Document Information [Line Items]
Title of 12(b) Security	0.250% Senior Notes due 2027
Security Exchange Name	NASDAQ
No Trading Symbol Flag	true
1.000% Senior Notes due 2033
Document Information [Line Items]
Title of 12(b) Security	1.000% Senior Notes due 2033
Security Exchange Name	NASDAQ
No Trading Symbol Flag	true

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Firm ID	238
Auditor Location	San Jose, California

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 2,095,712	$ 1,906,421
Accounts receivable, net	1,003,792	855,380
Other current assets	468,193	459,138
Assets held for sale	0	84,316
Total current assets	3,567,697	3,305,255
Property, plant and equipment, net	18,600,833	16,649,534
Operating lease right-of-use assets	1,448,890	1,427,950
Goodwill	5,737,122	5,654,217
Intangible assets, net	1,704,870	1,897,649
Other assets	1,591,312	1,376,137
Total assets	32,650,724	30,310,742
Current liabilities:
Accounts payable and accrued expenses	1,186,618	1,004,800
Accrued property, plant and equipment	398,216	281,347
Current portion of operating lease liabilities	130,745	139,538
Current portion of finance lease liabilities	138,657	151,420
Current portion of mortgage and loans payable	7,705	9,847
Current portion of senior notes	998,580	0
Other current liabilities	301,729	251,346
Total current liabilities	3,162,250	1,838,298
Operating lease liabilities, less current portion	1,331,333	1,272,812
Finance lease liabilities, less current portion	2,122,484	2,143,690
Mortgage and loans payable, less current portion	663,263	642,708
Senior notes, less current portion	12,062,346	12,109,539
Other liabilities	795,549	797,863
Total liabilities	20,137,225	18,804,910
Commitments and contingencies (Note 15)
Redeemable non-controlling interest	25,000	0
Common stockholders' equity:
Common stock, $0.001 par value per share: 300,000,000 shares authorized in 2023 and 2022; 94,629,955 issued and 94,479,277 outstanding in 2023 and 92,813,976 issued and 92,620,703 outstanding in 2022	95	93
Additional paid-in capital	18,595,664	17,320,017
Treasury stock, at cost; 150,678 shares in 2023 and 193,273 shares in 2022	(56,117)	(71,966)
Accumulated dividends	(8,694,647)	(7,317,570)
Accumulated other comprehensive loss	(1,290,117)	(1,389,446)
Retained earnings	3,934,016	2,964,838
Total common stockholders' equity	12,488,894	11,505,966
Non-controlling interests	(395)	(134)
Total stockholders' equity	12,488,499	11,505,832
Total liabilities, redeemable non-controlling interest and stockholders' equity	$ 32,650,724	$ 30,310,742

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 17,176	$ 12,225
Common stock, par value per share (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	94,629,955	92,813,976
Common stock, shares outstanding (in shares)	94,479,277	92,620,703
Treasury stock, at cost (in shares)	150,678	193,273

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues	$ 8,188,136	$ 7,263,105	$ 6,635,537
Costs and operating expenses:
Cost of revenues	4,227,658	3,751,501	3,472,422
Sales and marketing	855,796	786,560	741,232
General and administrative	1,654,042	1,498,701	1,301,797
Transaction costs	12,412	21,839	22,769
(Gain) loss on asset sales	(5,046)	3,976	(10,845)
Total costs and operating expenses	6,744,862	6,062,577	5,527,375
Income from operations	1,443,274	1,200,528	1,108,162
Interest income	94,227	36,268	2,644
Interest expense	(402,022)	(356,337)	(336,082)
Other expense	(11,214)	(51,417)	(50,647)
Gain (loss) on debt extinguishment	(35)	327	(115,125)
Income before income taxes	1,124,230	829,369	608,952
Income tax expense	(155,250)	(124,792)	(109,224)
Net income	968,980	704,577	499,728
Net (income) loss attributable to non-controlling interests	198	(232)	463
Net income attributable to common shareholders	$ 969,178	$ 704,345	$ 500,191
Earnings per share ("EPS") attributable to common shareholders:
Basic EPS (in dollars per share)	$ 10.35	$ 7.69	$ 5.57
Weighted-average shares for basic EPS (in shares)	93,615	91,569	89,772
Diluted EPS (in dollars per share)	$ 10.31	$ 7.67	$ 5.53
Weighted-average shares for diluted EPS (in shares)	94,009	91,828	90,409

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 968,980	$ 704,577	$ 499,728
Other comprehensive income (loss), net of tax
Foreign currency translation adjustment (“CTA”) gain (loss), net of tax effects of $0, $0 and $0	249,981	(769,886)	(559,969)
Net investment hedge CTA gain (loss), net of tax effects of $0, $0 and $0	(131,883)	425,701	326,982
Unrealized gain (loss) on cash flow hedges, net of tax effects of $4,732, $2,248 and $(16,980)	(18,370)	40,543	60,562
Net actuarial gain (loss) on defined benefit plans, net of tax effects of $118, $25 and $(14)	(462)	(101)	57
Total other comprehensive income (loss), net of tax	99,266	(303,743)	(172,368)
Comprehensive income, net of tax	1,068,246	400,834	327,360
Net (income) loss attributable to non-controlling interests	198	(232)	463
Other comprehensive (income) loss attributable to non-controlling interests	63	48	(15)
Comprehensive income attributable to common shareholders	$ 1,068,507	$ 400,650	$ 327,808

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax	$ 0	$ 0	$ 0
Net investment hedge CTA gain (loss), tax	0	0	0
Unrealized gain (loss) on cash flow hedges, tax	4,732	2,248	(16,980)
Net actuarial gain (loss) on defined benefit plans, tax	$ 118	$ 25	$ (14)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders’ Equity and Other Comprehensive Income (Loss) - USD ($) $ in Thousands	Total	ATM Program	Equinix Stockholders' Equity	Equinix Stockholders' Equity ATM Program	Common stock	Common stock ATM Program	Treasury stock	Additional Paid-in Capital	Additional Paid-in Capital ATM Program	Accumulated Dividends	AOCI (Loss)	Retained Earnings	Non-controlling Interests
Beginning balance (in shares) at Dec. 31, 2020					89,462,304
Beginning balance at Dec. 31, 2020	$ 10,634,118		$ 10,633,988		$ 89		$ (122,118)	$ 15,028,357		$ (5,119,274)	$ (913,368)	$ 1,760,302	$ 130
Beginning balance (in shares) at Dec. 31, 2020							(328,052)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	499,728		500,191									500,191	(463)
Other comprehensive income (loss)	(172,368)		(172,383)								(172,383)		15
Issuance of common stock and release of treasury stock for employee equity awards (in shares)					772,905		26,632
Issuance of common stock and release of treasury stock for employee equity awards	77,629		77,629		$ 1		$ 9,910	67,718
Issuance of common stock (in shares)						637,617
Issuance of common stock, net		$ 497,870		$ 497,870		$ 1			$ 497,869
Dividend distributions on common stock	(1,030,005)		(1,030,005)							(1,030,005)
Settlement of accrued dividends on vested equity awards	(839)		(839)							(839)
Accrued dividends on unvested equity awards	(15,022)		(15,022)							(15,022)
Stock-based compensation, net of estimated forfeitures	390,653		390,653					390,653
Ending balance (in shares) at Dec. 31, 2021					90,872,826
Ending balance at Dec. 31, 2021	10,881,764		10,882,082		$ 91		$ (112,208)	15,984,597		(6,165,140)	(1,085,751)	2,260,493	(318)
Ending balance (in shares) at Dec. 31, 2021							(301,420)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	704,577		704,345									704,345	232
Other comprehensive income (loss)	(303,743)		(303,695)								(303,695)		(48)
Issuance of common stock and release of treasury stock for employee equity awards (in shares)					780,444		108,147
Issuance of common stock and release of treasury stock for employee equity awards	130,557		130,557		$ 1		$ 40,242	90,314
Issuance of common stock (in shares)						1,160,706
Issuance of common stock, net		796,018		796,018		$ 1			796,017
Dividend distributions on common stock	(1,137,203)		(1,137,203)							(1,137,203)
Settlement of accrued dividends on vested equity awards	(927)		(927)							(927)
Accrued dividends on unvested equity awards	(14,300)		(14,300)							(14,300)
Stock-based compensation, net of estimated forfeitures	$ 449,089		449,089					449,089
Ending balance (in shares) at Dec. 31, 2022	92,620,703				92,813,976
Ending balance at Dec. 31, 2022	$ 11,505,832		11,505,966		$ 93		$ (71,966)	17,320,017		(7,317,570)	(1,389,446)	2,964,838	(134)
Ending balance (in shares) at Dec. 31, 2022	(193,273)						(193,273)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 968,980		969,178									969,178	(198)
Other comprehensive income (loss)	99,266		99,329								99,329		(63)
Issuance of common stock and release of treasury stock (in shares)					793,394		42,595
Issuance of common stock and release of treasury stock for employee equity awards	89,390		89,390		$ 1		$ 15,849	73,540
Issuance of common stock (in shares)						1,022,585
Issuance of common stock, net		$ 733,651		$ 733,651		$ 1			$ 733,650
Dividend distributions on common stock	(1,359,305)		(1,359,305)							(1,359,305)
Settlement of accrued dividends on vested equity awards	(966)		(966)							(966)
Accrued dividends on unvested equity awards	(16,806)		(16,806)							(16,806)
Stock-based compensation, net of estimated forfeitures	$ 468,457		468,457					468,457
Ending balance (in shares) at Dec. 31, 2023	94,479,277				94,629,955
Ending balance at Dec. 31, 2023	$ 12,488,499		$ 12,488,894		$ 95		$ (56,117)	$ 18,595,664		$ (8,694,647)	$ (1,290,117)	$ 3,934,016	$ (395)
Ending balance (in shares) at Dec. 31, 2023	(150,678)						(150,678)

Consolidated Statements of St_2

Consolidated Statements of Stockholders’ Equity and Other Comprehensive Income (Loss) (Parenthetical) - $ / shares	3 Months Ended												12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends per share (in dollars per share)	$ 4.260000	$ 3.410000	$ 3.410000	$ 3.410000	$ 3.100000	$ 3.100000	$ 3.100000	$ 3.100000	$ 2.870000	$ 2.870000	$ 2.870000	$ 2.870000	$ 14.490000	$ 12.400000	$ 11.480000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 968,980	$ 704,577	$ 499,728
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,636,075	1,531,453	1,450,806
Stock-based compensation	407,536	403,983	363,774
Amortization of intangible assets	209,063	204,755	205,484
Amortization of debt issuance costs and debt discounts and premiums	18,718	17,826	17,135
Provision for credit loss allowance	14,835	7,426	10,016
(Gain) loss on asset sales	(5,046)	3,976	(10,845)
(Gain) loss on debt extinguishment	35	(327)	115,125
Other items	41,722	63,038	28,717
Changes in operating assets and liabilities:
Accounts receivable	(150,345)	(153,415)	(1,873)
Income taxes, net	4,107	(7,827)	(16,602)
Other assets	(145,867)	(52,276)	(114,268)
Operating lease right-of-use assets	138,704	149,094	140,590
Operating lease liabilities	(126,539)	(132,831)	(177,533)
Accounts payable and accrued expenses	161,300	114,600	64,596
Other liabilities	43,317	109,130	(27,644)
Net cash provided by operating activities	3,216,595	2,963,182	2,547,206
Cash flows from investing activities:
Purchases of investments	(135,881)	(144,642)	(107,533)
Sales of investments	0	22,073	4,057
Business acquisitions, net of cash and restricted cash acquired	0	(964,010)	(158,498)
Real estate acquisitions	(384,401)	(248,276)	(201,837)
Purchases of other property, plant and equipment	(2,781,018)	(2,278,004)	(2,751,512)
Proceeds from sale of assets, net of cash transferred	76,936	249,906	208,585
Net cash used in investing activities	(3,224,364)	(3,362,953)	(3,006,738)
Cash flows from financing activities:
Proceeds from employee equity awards	86,848	81,543	77,628
Payment of dividends	(1,374,168)	(1,151,459)	(1,042,909)
Proceeds from public offering of common stock, net of issuance costs	733,651	796,018	497,870
Proceeds from senior notes, net of debt discounts	902,092	1,193,688	3,878,662
Proceeds from mortgage and loans payable	0	676,850	0
Repayment of senior notes	0	0	(1,990,650)
Repayments of finance lease liabilities	(148,913)	(134,202)	(165,539)
Proceeds from redeemable non-controlling interest	25,000	0	0
Repayments of mortgage and loans payable	(6,132)	(587,941)	(717,010)
Debt extinguishment costs	0	0	(99,185)
Debt issuance costs	(6,932)	(17,731)	(25,102)
Net cash provided by financing activities	211,446	856,766	413,765
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash	(15,616)	(98,201)	(30,474)
Net increase (decrease) in cash, cash equivalents and restricted cash	188,061	358,794	(76,241)
Cash, cash equivalents and restricted cash at beginning of period	1,908,248	1,549,454	1,625,695
Cash, cash equivalents and restricted cash at end of period	2,096,309	1,908,248	1,549,454
Supplemental cash flow information
Cash paid for taxes, net	152,988	140,312	134,411
Cash paid for interest	471,456	430,217	426,439
Cash and cash equivalents	2,095,712	1,906,421	1,536,358
Current portion of restricted cash included in other current assets	504	1,734	12,188
Non-current portion of restricted cash included in other assets	93	93	908
Total cash, cash equivalents, and restricted cash shown in the consolidated statement of cash flows	$ 2,096,309	$ 1,908,248	$ 1,549,454

Nature of Business and Summary

Nature of Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Nature of Business and Summary of Significant Accounting Policies	Nature of Business and Summary of Significant Accounting Policies Nature of Business Equinix, Inc. ("Equinix," the "Company," "we," "our," or "us") was incorporated in Delaware on June 22, 1998. Equinix provides colocation space and related offerings. Global enterprises, content providers, financial companies and network service providers rely upon Equinix's insight and expertise to safehouse and connect their most valued information assets. We operate International Business Exchange TM ("IBX ® ") data centers, or IBX data centers, across the Americas; Europe, Middle East and Africa ("EMEA") and Asia-Pacific geographic regions where customers directly interconnect with a network ecosystem of partners and customers. More than 2,000 network service providers offer access to the world's internet routes inside our IBX data centers. This access to internet routes provides Equinix customers improved reliability and streamlined connectivity while significantly reducing costs by reaching a critical mass of networks within a centralized physical location. We also invest in data center joint ventures or partnerships where we perform a variety of services described in Note 6. As of December 31, 2023, we controlled and operated 241 IBX data centers in 70 markets around the world. We have been operating as a real estate investment trust for federal income tax purposes ("REIT") effective January 1, 2015. See "Income Taxes" in Note 14 below for additional information. Basis of Presentation, Consolidation and Foreign Currency The accompanying consolidated financial statements include the accounts of Equinix and its subsidiaries, including the acquisitions of: • Two data center sites in Mumbai, India from GPX India ("GPX India Acquisition") from September 1, 2021; • Four data centers as well as a subsea cable and terrestrial fiber network in West Africa acquired from MainOne Cable Company ("MainOne") from April 1, 2022; and • Four data centers in Chile and a data center in Peru acquired from Empresa Nacional De Telecomunicaciones S.A. ("Entel") from May 2, 2022 and August 1, 2022, respectively. We consolidate all entities that are wholly owned and those entities in which we own less than 100% of the equity but control, including Variable Interest Entities ("VIEs") for which we are the primary beneficiary. Our investment in consolidated VIEs have not been material to our consolidated financial statements as of and for the periods presented. All intercompany accounts and transactions have been eliminated in consolidation. Foreign exchange gains or losses resulting from foreign currency transactions, including intercompany foreign currency transactions, that are anticipated to be repaid within the foreseeable future, are reported within other income (expense) on our accompanying consolidated statements of operations. For additional information on the impact of foreign currencies to our consolidated financial statements, see "Accumulated Other Comprehensive Loss" in Note 12. Use of Estimates The preparation of consolidated financial statements in conformity with the accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. On an ongoing basis, we evaluate our estimates, including, but not limited to, those related to the allowance for credit losses, fair values of financial and derivative instruments, intangible assets and goodwill, assets acquired and liabilities assumed from acquisitions, useful lives of intangible assets and property, plant and equipment, leases, asset retirement obligations, other accruals, and income taxes. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable. Cash, Cash Equivalents and Short-Term Investments We consider all highly liquid instruments with an original maturity from the date of purchase of 90 days or less to be cash equivalents. Cash equivalents consist of money market mutual funds and certificates of deposit with original maturities up to 90 days. Short-term investments generally consist of certificates of deposit with original maturities of between 90 days and 1 year. Publicly traded equity securities are measured at fair value with changes in the fair values recognized within other income (expense) in our consolidated statements of operations. We review our investment portfolio quarterly to determine if any securities may be other-than-temporarily impaired due to increased credit risk, changes in industry or sector of a certain instrument or ratings downgrades. Equity Method Investments We enter into joint venture or partnership arrangements to invest in certain entities for business development objectives. At the inception of these arrangements and if a reconsideration event has occurred, we assess our interests with such entities to determine whether any of the entities meet the definition of a variable interest entity ("VIE"). A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support, or (ii) has equity investors who lack the characteristics of a controlling financial interest. We are required to consolidate the assets and liabilities of VIEs when we are deemed to be the primary beneficiary. The primary beneficiary of a VIE is the entity that meets both of the following criteria: (i) has the power to make decisions that most significantly affect the economic performance of the VIE; and (ii) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE. For VIEs where we are not the primary beneficiary, and other joint ventures or partnerships that are not VIEs, where we have the ability to exercise significant influence over the entity, we account for those investments under the equity method of accounting. Equity method investments are initially measured at cost, or at fair value when the investment represents a retained equity interest in a deconsolidated business or derecognized distinct non-financial assets. Equity investments are subsequently adjusted for cash contributions, distributions and our share of the income and losses of the investees. We record our equity method investments in other assets in the consolidated balance sheet. Our proportionate shares of the income or loss from our equity method investments are recorded in other income in the consolidated statement of operations. We review our investments quarterly to determine if any investments may be impaired considering both qualitative and quantitative factors that may have a significant impact on the investees' fair value. We did not record any impairment charges related to our equity method investments for the years ended December 31, 2023, 2022 and 2021. For further information on our Equity Method Investments, see Note 6. Non-marketable Equity Investments We also have investments in non-marketable equity securities, where we do not have the ability to exercise significant influence over the investees. We elected the measurement alternative under which the securities are measured at cost minus impairment, if any, and adjusted for changes resulting from qualifying observable price changes. We record non-marketable equity investment in other assets in the consolidated balance sheet. We review our non-marketable equity investments quarterly to determine if any investments may be impaired considering both qualitative and quantitative factors that may have a significant impact on the investees' fair value. We did not record any impairment charges related to our non-marketable equity investments for the years ended December 31, 2023, 2022 and 2021. Financial Instruments and Concentration of Credit Risk Financial instruments which potentially subject us to concentrations of credit risk consist of cash and cash equivalents, short-term investments, accounts receivable and contract assets. Risks associated with cash and cash equivalents and short-term investments are mitigated by our investment policy, which limits our investing to only those marketable securities rated at least A-1/P-1 Short Term Rating or A-/A3 Long Term Rating, as determined by independent credit rating agencies. A significant portion of our customer base is comprised of businesses throughout the Americas. However, a portion of our revenues are derived from our EMEA and Asia-Pacific operations. The following table sets forth percentages of our revenues by geographic region for the years ended December 31: 2023 2022 2021 Americas 44 % 46 % 46 % EMEA 35 % 32 % 32 % Asia-Pacific 21 % 22 % 22 % For further information on segment information, see Note 17. Property, Plant and Equipment Property, plant and equipment are stated at our original cost or initial fair value for property, plant and equipment acquired through acquisitions, net of depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the respective assets. Buildings under finance leases, Leasehold improvements and integral equipment at leased locations are amortized over the shorter of the lease term or the estimated useful life of the asset or improvement. We capitalize certain internal and external costs associated with the development and purchase of internal-use software in property, plant and equipment, net on the consolidated balance sheets. This includes costs incurred in cloud computing arrangements ("CCA"), where it is both feasible and contractually permissible without significant penalty for us to take possession of the software. All other CCAs are considered service contracts, and the licensing and implementation costs incurred associated with such contracts are capitalized in other assets on the consolidated balance sheets. Capitalized internal-use software costs and capitalized implementation costs are amortized on a straight-line basis over the estimated useful lives of the software or arrangements. Our estimated useful lives of property, plant and equipment are generally as follows: Core systems 3 - 40 years Buildings 12 - 60 years Leasehold improvements 12 - 40 years Personal Property, including capitalized internal-use software 3 - 10 years Our construction in progress includes direct and indirect expenditures for the construction and expansion of IBX data centers and is stated at original cost. We contracted out substantially all of the construction and expansion efforts of our IBX data centers to independent contractors under construction contracts. Construction in progress includes costs incurred under construction contracts including project management services, engineering and schematic design services, design development, construction services and other construction-related fees and services. In addition, we capitalized interest costs during the construction phase. Once an IBX data center or expansion project becomes operational, these capitalized costs are allocated to certain property, plant and equipment categories and are depreciated over the estimated useful lives of the underlying assets. We review our property, plant and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or an asset group may not be recoverable, such as a significant decrease in market price of an asset, a significant adverse change in the extent or manner in which an asset or an asset group is being used or its physical condition, a significant adverse change in legal factors or business climate that could affect the value of an asset or an asset group or a continuous deterioration of our financial condition. Recoverability of assets or asset groups to be held and used is assessed by comparing the carrying amount of an asset or an asset group to estimated undiscounted future net cash flows expected to be generated by the asset or the asset group. If the carrying amount of the asset or the asset group exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying amount of the asset or the asset group exceeds the fair value of the asset. We did not record any impairment charges related to our property, plant and equipment during the years ended December 31, 2023, 2022 and 2021. We enter into non-cancellable lease arrangements as the lessee primarily for our data center spaces, office spaces and equipment. Assets acquired through finance leases are included in property, plant and equipment, net on the consolidated balance sheets. In addition, a portion of our property, plant and equipment are used for revenue arrangements which are accounted for as operating leases where we are the lessor. Assets Held for Sale Assets and liabilities to be disposed of that meet all of the criteria to be classified as held for sale are reported at the lower of their carrying amounts or fair values less costs to sell. We did not record any impairment charges related to assets held for sale during the years ended December 31, 2023, 2022 and 2021. Assets are not depreciated or amortized while they are classified as held for sale. For further information on our assets held for sale, see Note 5. Asset Retirement Costs and Asset Retirement Obligations Our asset retirement obligations are primarily related to our IBX data centers, of which the majority are leased under long-term arrangements and are required to be returned to the landlords in their original condition. The majority of our IBX data center leases have been subject to significant development by us in order to convert them from, in most cases, vacant buildings or warehouses into IBX data centers. The fair value of a liability for an asset retirement obligation is recognized in the period in which it is incurred. The associated retirement costs are capitalized and included as part of the carrying value of the long-lived asset and amortized over the useful life of the asset. Subsequent to the initial measurement, we accrete the liability in relation to the asset retirement obligations over time and the accretion expense is recorded as a cost of revenue. For further information on our asset retirement obligations, see Note 7. Goodwill and Other Intangible Assets We have three reportable segments comprised of the 1) Americas, 2) EMEA and 3) Asia-Pacific geographic regions, which we also determined are our reporting units. Goodwill is not amortized and is tested for impairment at least annually or more often if and when circumstances indicate that goodwill is not recoverable. We assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. Qualitative factors considered in the assessment include industry and market conditions, overall financial performance, and other relevant events and factors affecting the reporting unit. If, after assessing the qualitative factors, we determine that it is not more likely than not that the fair value of a reporting unit is less than its carrying value, then performing a quantitative impairment test is unnecessary. However, if we conclude otherwise, then we are required to perform a quantitative goodwill impairment test. The quantitative impairment test, which is used to identify both the existence of impairment and the amount of impairment loss, compares the fair value of a reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired. If the carrying value of the reporting unit exceeds its fair value, any excess of the reporting unit goodwill carrying value over the respective implied fair value is recognized as an impairment loss. As of December 31, 2023, 2022 and 2021, we concluded that it was more likely than not that goodwill attributed to our Americas, EMEA and Asia-Pacific reporting units was not impaired as the fair value of each reporting unit exceeded the carrying value of its respective reporting unit, including goodwill. Substantially all of our intangible assets are subject to amortization and are amortized using the straight-line method over their estimated period of benefit. We perform a review of intangible assets for impairment by assessing events or changes in circumstances that indicate the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is assessed by comparing the carrying amount of an asset to estimated undiscounted future net cash flows expected to be generated by the asset. If the carrying amount of the asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. We did not record any impairment charges related to our other intangible assets during the years ended December 31, 2023, 2022 and 2021. For further information on goodwill and other intangible assets, see Note 3 and Note 7 below. Debt Issuance Costs Costs and fees incurred upon debt issuances are capitalized and are amortized over the life of the related debt based on the effective interest method. Such amortization is included as a component of interest expense. Debt issuance costs related to outstanding debt are presented as a reduction of the carrying amount of the debt obligation and debt issuance costs related to the revolving credit facility are presented as other assets. For further information on debt facilities, see Note 11 below. Derivatives and Hedging Activities We utilize foreign currency and interest rate derivative instruments as part of our risk management strategy. Foreign currency derivatives help to mitigate the effects of foreign exchange rate fluctuations on (i) our expected revenues and expenses in the EMEA region, (ii) investments in our foreign operations and (iii) certain monetary assets and liabilities denominated in foreign currencies. Interest rate derivatives, on the other hand, are used to manage the interest rate risk associated with anticipated fixed-rate debt issuances. These measures allow us to effectively control our financial exposure and are not used for speculative purposes. We recognize all derivatives on our consolidated balance sheets at fair value. The accounting for changes in the value of a derivative depends on whether the contract qualifies and has been designated for hedge accounting. In order to qualify for hedge accounting, a derivative must be considered highly effective at reducing the risk associated with the exposure being hedged and there must be documentation of the risk management objective and strategy, including identification of the hedging instrument, the hedged item and the risk exposure, and the effectiveness assessment methodology. Hedge designations are reviewed on a quarterly basis to assess whether circumstances have changed that would disrupt the hedge instrument's relationship to the forecasted transactions or net investment. Cash Flow Hedges The instruments we designate as cash flow hedges include foreign currency forwards and options, cross-currency swaps as well as interest rate locks. For cash flow hedges, we use a regression analysis at the time they are designated to assess their effectiveness. We use foreign currency forwards and options to hedge our foreign currency transaction exposure for forecasted revenues and expenses in our EMEA region between the U.S. Dollar and foreign currencies, primarily the British Pound and the Euro. We use the forward method to assess effectiveness of qualifying foreign currency forwards that are designated as cash flow hedges, whereby, the change in the fair value of the derivative is recorded in other comprehensive income (loss) and reclassified to the same line item in the consolidated statement of operations that is used to present the earnings effect of the hedged item when the hedged item affects earnings. We use the spot method to assess effectiveness of qualifying foreign currency exchange options that are designated as cash flow hedges, whereby, the change in fair value due to foreign currency exchange spot rates is recorded in other comprehensive income (loss) and reclassified to the same line item in the consolidated statement of operations that is used to present the earnings effect of the hedged item when the hedged item affects earnings, and the change in fair value of the excluded component is recorded in other comprehensive income (loss) and amortized on a straight-line basis to the same line item in the consolidated statement of operations that is used to present the earnings effect of the hedged item. When two or more derivative instruments in combination are jointly designated as a cash flow hedging instrument, as with foreign currency exchange option collars, they are treated as a single instrument. If the hedge relationship is terminated for any derivatives designated as cash flow hedges, then the change in fair value of the derivative recorded in other comprehensive income (loss) is recognized in earnings when the previously hedged item affects earnings, consistent with the original hedge strategy. We also utilize cross-currency interest rate swaps, which we designate as cash flow hedges, to manage the foreign currency exposure associated with a portion of our foreign currency-denominated debt. We assess the effectiveness of cross-currency interest rate swaps that are designated as cash flow hedges using the spot method. The fair value changes are recorded in other comprehensive income (loss), and when the hedged item impacts earnings, the change in fair value due to foreign currency exchange spot rates is reclassified to the corresponding line item in the consolidated statement of operations. We use interest rate derivative instruments such as treasury locks and swap locks, collectively referred to as "interest rate locks", to manage interest rate exposure created by anticipated fixed rate debt issuances. An interest rate lock is a synthetic forward sale of a benchmark interest rate, which is settled in cash based upon the difference between an agreed upon rate at inception and the prevailing benchmark rate at settlement. It effectively fixes the benchmark rate component of an upcoming debt issuance. The interest rate lock transactions are designated as cash flow hedges, with all changes in value reported in other comprehensive income (loss). Subsequent to settlement, amounts in other comprehensive income are amortized to interest expense over the term of the interest rate locks. For hedge relationships that are discontinued because the forecasted transaction is not expected to occur according to the original strategy, any related derivative amounts recorded in other comprehensive income (loss) are immediately recognized in earnings. Net Investment Hedges We employ cross-currency swaps, which we designate as net investment hedges, to hedge the currency exposure associated with our net investment in our foreign subsidiaries. We use the spot method to assess effectiveness of cross-currency interest rate swaps that are designated as net investment hedges, whereby, the change in fair value due to foreign currency exchange spot rates is recorded in other comprehensive income (loss) and the change in fair value of the excluded component is recorded in other comprehensive income (loss) and amortized to interest expense on a straight-line basis. Occasionally, we also use foreign exchange forward contracts, which we designate as net investment hedges, to hedge against the effect of foreign exchange rate fluctuations on a portion of our net investment in the foreign subsidiaries. We use the spot method to assess effectiveness of qualifying foreign currency forwards that are designated as net investment hedges, whereby, the change in fair value due to foreign currency exchange spot rates is recorded in other comprehensive income (loss) and the change in fair value of the excluded component is recorded in other comprehensive income (loss) and amortized to interest expense on a straight-line basis. Non-designated Hedges Foreign currency gains or losses associated with derivatives that are not designated as hedging instruments for accounting purposes are recorded within other income (expense) in our consolidated statements of operations, with the exception of (i) foreign currency embedded derivatives contained in certain of our customer contracts and (ii) foreign exchange forward contracts that are entered into to hedge the accounting impact of the foreign currency embedded derivatives, which are recorded within revenues in our consolidated statements of operations. For further information on derivatives and hedging activities, see Note 8 below. Fair Value of Financial Instruments The carrying value of our cash and cash equivalents, short-term investments and derivative instruments represent their fair value, while our accounts receivable, accounts payable and accrued expenses and accrued property, plant and equipment approximate their fair value due primarily to the short-term maturity of the related instruments. The fair value of our debt, which is traded in the public debt market, is based on quoted market prices. The fair value of our debt, which is not publicly traded, is estimated by considering our credit rating, current rates available to us for debt of the same remaining maturities and terms of the debt. Fair Value Measurements We measure and report certain financial assets and liabilities at fair value on a recurring basis, including our investments in money market funds, certificates of deposit, publicly traded equity securities and derivatives. We also follow the accounting standard for the measurement of fair value for non-financial assets and liabilities on a nonrecurring basis. These include: • Non-financial assets and non-financial liabilities initially measured at fair value in a business combination or other new basis event, but not measured at fair value in subsequent reporting periods; • Reporting units and non-financial assets and non-financial liabilities measured at fair value for goodwill impairment tests; • Indefinite-lived intangible assets measured at fair value for impairment assessments; • Non-financial long-lived assets or asset groups measured at fair value for impairment assessments or disposal; • Asset retirement obligations initially measured at fair value but not subsequently measured at fair value; and • Assets and liabilities classified as held for sale are measured at fair value less costs to sell and reported at the lower of the carrying amounts or the fair values less costs to sell. For further information on fair value measurements, see Note 5 and Note 9 below. Leases We enter into lease arrangements primarily for land, data center spaces, office spaces and equipment. At its inception, we determine whether an arrangement is or contains a lease. We recognize a right-of-use ("ROU") asset and lease liability on the consolidated balance sheet for all leases with a term longer than 12 months, including renewals options that we are reasonably certain to exercise. ROU assets represent our right to use an underlying asset for the lease term. Lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are classified and recognized at the commencement date. When there is a lease modification, including a change in lease term, we reassess its classification and remeasure the ROU asset and lease liability. ROU lease liabilities are measured based on the present value of fixed lease payments over the lease term. ROU assets consist of (i) initial measurement of the lease liability; (ii) lease payments made to the lessor at or before the commencement date less any lease incentives received; and (iii) initial direct costs incurred by us. Lease payments may vary because of changes in facts or circumstances occurring after the commencement, including changes in inflation indices. Variable lease payments that depend on an index or a rate (such as the Consumer Price Index or a market interest rate) are included in the measurement of ROU assets and lease liabilities using the index or rate at the commencement date. Subsequent changes to lease payments based on changes to the index and rate are accounted for as variable lease payments and recognized in the period they are incurred. Variable lease payments that do not depend on an index or a rate are excluded from the measurement of ROU assets and lease liabilities and are recognized in the period in which the obligation for those payments is incurred. Since most of our leases do not provide an implicit rate, we use our own incremental borrowing rate ("IBR") on a collateralized basis in determining the present value of lease payments. We utilize a market-based approach to estimate the IBR. The approach requires significant judgment. Therefore, we utilize different data sets to estimate IBRs via an analysis of (i) sovereign rates; (ii) yields on our outstanding public debt; and (iii) indicative pricing on both secured and unsecured debt received from banking partners. We also apply adjustments to account for considerations related to (i) tenor; and (ii) country credit rating that may not be fully incorporated by the aforementioned data sets. The majority of our lease arrangements include options to extend the lease. If we are reasonably certain to exercise such options, the periods covered by the options are included in the lease term. The depreciable lives of certain fixed assets and leasehold improvements are limited by the expected lease term. We have certain leases with a term of 12 months or less. For such leases, we elected not to recognize any ROU asset or lease liability on the consolidated balance sheet. We have lease agreements with lease and non-lease components. We elected to account for the lease and non-lease components as a single lease component for all classes of underlying assets for which we have identified as lease arrangements. For further information on leases, see Note 10 below. Revenue Revenue Recognition Equinix derives more than 90% of its revenues from recurring revenue streams, consisting primarily of (1) colocation, which includes the licensing of cabinet space and power; (2) interconnection offerings; (3) managed infrastructure solutions and (4) other revenues consisting of rental income from tenants or subtenants. The remainder of our revenues are from non-recurring revenue streams, such as installation revenues, professional services, contract settlements and equipment sales. Revenues by service lines and geographic areas are included in segment information. For further information on segment information, see Note 17 below. Revenues are recognized when control of these products and services is transferred to its customers, in an amount that reflects the consideration it expects to be entitled to in exchange for the products and services. Revenues from recurring revenue streams are generally billed monthly and recognized ratably over the term of the contract, generally 1 to 5 years for IBX data center colocation customers. Non-recurring installation fees, although generally paid upfront upon installation, are deferred and recognized ratably over the contract term. Professional service fees and equipment sales are recognized in the period when the services were provided. For the contracts with customers that contain multiple performance obligations, we account for individual performance obligations separately if they are distinct or as a series of distinct obligations if the individual performance obligations meet the series criteria. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. The transaction price is allocated to the separate performance obligation on a relative standalone selling price basis. The standalone selling price is determined based on overall pricing objectives, taking into consideration market conditions, geographic locations and other factors. Other judgments include determining if any variable consideration should be includ

Revenue

Revenue	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Contract Balances The following table summarizes the opening and closing balances of our accounts receivable, net; contract assets, current; contract assets, non-current; deferred revenue, current; and deferred revenue, non-current (in thousands): Accounts receivable, net (1) Contract assets, current Contract assets, non-current Deferred revenue, current Deferred revenue, non-current Beginning balances as of January 1, 2023 $ 855,380 $ 27,608 $ 55,405 $ 132,090 $ 155,334 Closing balances as of December 31, 2023 1,003,792 51,991 85,912 124,945 154,047 Increase (Decrease) $ 148,412 $ 24,383 $ 30,507 $ (7,145) $ (1,287) Beginning balances as of January 1, 2022 $ 681,809 $ 65,392 $ 55,486 $ 109,736 $ 87,495 Closing balances as of December 31, 2022 855,380 27,608 55,405 132,090 155,334 Increase (Decrease) $ 173,571 $ (37,784) $ (81) $ 22,354 $ 67,839 (1) The net change in our allowance for credit losses was insignificant during the year ended December 31, 2023. The difference between the opening and closing balances of our accounts receivable, net, contract assets and deferred revenues primarily results from revenue growth and the timing difference between the satisfaction of our performance obligation and the customer's payment during the years ended December 31, 2023 and 2022. The amounts of revenue recognized during the years ended December 31, 2023, 2022 and 2021 from the opening deferred revenue balance were $95.1 million, $82.8 million and $93.1 million, respectively. For the years ended December 31, 2023, 2022 and 2021, no impairment loss related to contract balances was recognized in the consolidated statement of operations. Contract Costs The ending balances of net capitalized contract costs as of December 31, 2023 and 2022 were $422.6 million and $371.3 million, respectively, which were included in other assets in the consolidated balance sheet. $103.2 million, $96.0 million, and $87.6 million of contract costs were amortized during years ended December 31, 2023, 2022, and 2021, respectively, which were included in sales and marketing expense in the consolidated statement of operations. Remaining performance obligations As of December 31, 2023, approximately $10.1 billion of total revenues, including deferred installation revenues, are expected to be recognized in future periods. Most of our revenue contracts have an initial term varying from one three The remaining performance obligations do not include variable consideration related to unsatisfied performance obligations such as the usage of metered power, service fees from xScale TM data centers that are based on future events or actual costs incurred in the future, or any contracts that could be terminated without any significant penalties including the majority of interconnection revenues. The remaining performance obligations above include revenues to be recognized in the future related to arrangements where we are considered the lessor.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions 2022 Acquisitions Acquisition of Entel Chile Data Centers (the "Entel Chile Acquisition") and Entel Peru Data Center (the "Entel Peru Acquisition") On May 2, 2022, we further expanded in Latin America through an acquisition of four data centers in Chile from Entel, a leading Chilean telecommunications provider, for a total purchase consideration of $638.3 million at the exchange rate in effect on that date. On August 1, 2022, we completed the acquisition of a data center in Peru from Entel for a total purchase consideration of $80.3 million at the exchange rate in effect on that date. The Entel Chile Acquisition and Entel Peru Acquisition support our ongoing expansion to meet customer demand in the Latin American market. Acquisition of MainOne (the "MainOne Acquisition") On April 1, 2022, we completed the acquisition of all outstanding shares of MainOne, which consisted of four data centers as well as a subsea cable and terrestrial fiber network. We acquired MainOne and its assets for a total purchase consideration of $278.4 million. The MainOne Acquisition supports our ongoing expansion to meet customer demand in the West African market. Purchase Price Allocation Each of the acquisitions noted above constitute a business under the accounting standard for business combinations and, therefore, were accounted for as business combinations using the acquisition method of accounting. Under this method, the total purchase price is allocated to the assets acquired and liabilities assumed measured at fair value on the date of acquisition, except where alternative measurement is required under GAAP. During the year ended December 31, 2023, we completed the detailed valuation analysis and the final allocation of purchase price for the Entel Chile, Entel Peru, and MainOne Acquisitions. A summary of the final allocation of total purchase consideration is presented as follows (in thousands): Entel Chile Entel Peru MainOne (2) Cash and cash equivalents $ — $ — $ 33,026 Accounts receivable — — 9,431 Other current assets 12,424 — 21,988 Property, plant and equipment 81,132 13,423 239,583 Intangible assets 153,489 10,000 54,800 Goodwill 380,867 46,285 110,665 Deferred tax and other assets 12,090 10,801 5,879 Total assets acquired 640,002 80,509 475,372 Accounts payable and accrued liabilities (195) — (18,525) Other current liabilities (1) — — (13,061) Mortgage and loans payable — — (25,944) Deferred tax and other liabilities (1) (1,463) (167) (139,492) Net assets acquired $ 638,344 $ 80,342 $ 278,350 (1) For the MainOne Acquisition, other current liabilities includes $9.9 million of deferred revenue - current and the other liabilities includes $95.4 million of deferred revenue - non-current. (2) For the MainOne Acquisition, the purchase price allocation adjustments since the provisional amounts reported as of December 31, 2022 were not significant. Property, plant and equipment The fair values of property, plant and equipment acquired from these three acquisitions were estimated by applying the cost approach, with the exception of land, which we estimated by applying the market approach. The key assumptions of the cost approach include replacement cost new, physical deterioration, functional and economic obsolescence, economic useful life, remaining useful life, age and effective age. Intangible assets The following table presents certain information on the acquired intangible assets (in thousands): Intangible Assets Fair Value Estimated Useful Lives (Years) Weighted-average Estimated Useful Lives (Years) Discount Rate Entel Chile: Customer relationships (1) $ 153,489 12.0 - 15.0 14.0 8.5% - 9.5% Entel Peru: Customer relationships (1) 10,000 15.0 15.0 7.0 % MainOne: Customer relationships (1) 51,500 10.0 - 15.0 14.0 11.5 % Trade names (2) 3,300 5.0 5.0 11.5 % (1) The fair value was estimated by calculating the present value of estimated future operating cash flows generated from existing customers less costs to realize the revenue and/or by using benchmarking. The rates reflect the nature of the assets as they relate to the risk and uncertainty of the estimated future operating cash flows, as well as the risk of the country within which the acquired business operates. (2) The fair value of the MainOne trade name was estimated using the relief from royalty method under the income approach. We applied a relief from royalty rate of 1.0%. Goodwill Goodwill represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired and liabilities assumed. Goodwill is attributable to the workforce of the acquired business and the projected revenue increase expected to arise from future customers after the acquisition. Goodwill from the Entel Chile and Entel Peru acquisitions is attributable to the Americas region. Goodwill from the Entel Chile acquisition is amortizable for local tax purposes, while goodwill from the Entel Peru acquisition is not expected to be amortizable for local tax purposes. Goodwill from the MainOne Acquisition is attributable to the EMEA region and is generally not deductible for local tax purposes. Revenues and net income from operations The operating results of the Entel Peru and Entel Chile acquisitions are reported in the Americas region and the operating results of the MainOne Acquisition are reported in the EMEA region following the date of acquisition. During the year of acquisition, our results of operations from these acquisitions included $89.9 million of revenues and $8.2 million net income from operations. Transaction costs During the year of acquisition, the transaction costs for the Entel Chile and Entel Peru acquisitions were $7.2 million and the transaction costs for the MainOne acquisition were not significant. 2021 Acquisition Acquisition of GPX India (the "GPX India Acquisition") On September 1, 2021, we completed the acquisition of GPX India, representing two data centers in Mumbai, India, for a total purchase consideration of approximately INR12.5 billion, or $170.5 million at the exchange rate in effect on that date. The GPX India Acquisition supports our ongoing expansion to meet customer demand in the Indian market. Revenues and net income from operations The operating results of the GPX India Acquisition are reported in the Asia-Pacific region following the date of acquisition. During the year of acquisition, our results of operations from the GPX India Acquisition included $6.9 million of revenues and an insignificant amount of net income from operations. Transaction costs During the year of acquisition, the transaction costs for the GPX India Acquisition were insignificant.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share ("EPS") for the years ended December 31 (in thousands, except per share amounts): 2023 2022 2021 Net income $ 968,980 $ 704,577 $ 499,728 Net (income) loss attributable to non-controlling interests 198 (232) 463 Net income attributable to common shareholders $ 969,178 $ 704,345 $ 500,191 Weighted-average shares used to calculate basic EPS 93,615 91,569 89,772 Effect of dilutive securities: Employee equity awards 394 259 637 Weighted-average shares used to calculate diluted EPS 94,009 91,828 90,409 EPS attributable to common shareholders: Basic EPS $ 10.35 $ 7.69 $ 5.57 Diluted EPS $ 10.31 $ 7.67 $ 5.53 The following table sets forth potential shares of common stock that are not included in the diluted EPS calculation above because to do so would be anti-dilutive for the years ended December 31 (in thousands): 2023 2022 2021 Common stock related to employee equity awards and other 68 582 206 Total 68 582 206

Assets Held for Sale

Assets Held for Sale	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Assets Held for Sale	Assets Held for Sale In June 2021, we entered into an agreement to form a joint venture in the form of a limited liability partnership with GIC Private Limited, Singapore's sovereign wealth fund ("GIC"), to develop and operate xScale TM data centers in Europe and the Americas (the “EMEA 2 Joint Venture”). xScale data centers are engineered to meet the technical and operational requirements and price points of core hyperscale workload deployments and also offer access to our comprehensive suite of interconnection and edge solutions. The transaction was structured to close in phases over the course of approximately two years, pending regulatory approval and other closing conditions. The assets and liabilities of the Warsaw 4 ("WA4") data center site, which were included within our EMEA region, were classified as held for sale as of June 30, 2021. In June 2022, we sold the WA4 data center in exchange for a total consideration of $61.5 million. We recognized an insignificant gain on the sale of the WA4 data center. In October 2021, we entered into an agreement to form a joint venture in the form of a limited liability partnership with PGIM Real Estate ("PGIM"), to develop and operate xScale data centers in Asia-Pacific (the "Asia-Pacific 2 Joint Venture"). The assets and liabilities of the Sydney 9 ("SY9") data center site, which were included within our Asia-Pacific region, were classified as held for sale as of September 30, 2021. Upon closing the joint venture in March 2022, we sold the SY9 data center in exchange for a total consideration of $201.3 million, which was comprised of $165.6 million of net cash proceeds, a 20% partnership interest in the Asia-Pacific 2 Joint Venture with a fair value of $29.8 million, and $5.9 million of receivables. We recognized an insignificant loss on the sale of the SY9 data center. In March 2022, we entered into an agreement to sell the Mexico 3 ("MX3x") data center site in connection with the formation of a new joint venture with GIC (the "AMER 1 Joint Venture") to develop and operate xScale data centers in the Americas. The assets and liabilities of the MX3x data center, which were included within our Americas region, were classified as held for sale as of September 30, 2021. Upon closing of the joint venture in March 2023, we sold the MX3x data center in exchange for a total consideration of $75.1 million, which was comprised of $63.9 million of net cash proceeds, a 20% partnership interest in the AMER 1 Joint Venture with a fair value of $8.4 million, and $2.8 million of receivables. During the year ended December 31, 2023, we recognized an insignificant loss on the sale of the MX3x data center.

Equity Method Investments

Equity Method Investments	12 Months Ended
	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments	Equity Method Investments We hold various equity method investments, primarily joint venture or partnership arrangements, in order to invest in certain entities that are in line with our business development objectives, including the development and operation of xScale data centers. Some of these xScale joint ventures are classified as Variable Interest Entities ("VIEs"), as discussed further below. The Asia-Pacific 1, Asia-Pacific 2, Asia-Pacific 3, EMEA 2 and AMER 1 Joint Ventures as noted below (the "VIE Joint Ventures") share a similar purpose, design and nature of assets. The following table summarizes our equity method investments (in thousands), which were included in other assets on the consolidated balance sheets as of December 31: Investee Ownership Percentage 2023 2022 EMEA 1 Joint Venture with GIC 20% $ 150,172 $ 148,895 VIE Joint Ventures 20% 308,128 191,680 Other Various 9,931 7,570 Total $ 468,231 $ 348,145 Non-VIE Joint Venture EMEA 1 Joint Venture We invested in a joint venture in the form of a limited liability partnership with GIC (the "EMEA 1 Joint Venture"), to develop and operate xScale data centers in Europe. The EMEA 1 Joint Venture is not a VIE given that both equity investors' interests have the characteristics of a controlling financial interest and it is sufficiently capitalized to sustain its operations, requiring additional funding from its partners only when expanding operations. Our share of income and losses of equity method investments from this joint venture was insignificant for the years ended December 31, 2023 and 2022 and was included in other income (expense) on the consolidated statement of operations. We committed to make future equity contributions to the EMEA 1 Joint Venture for funding its future development. As of December 31, 2023, we had future equity contribution commitments of $13.0 million. VIE Joint Ventures Preceding 2022, we invested in partnerships with GIC to develop and operate xScale data centers in Asia-Pacific (the "Asia-Pacific 1 Joint Venture") and in Europe and the Americas (the EMEA 2 Joint Venture, see Note 5 above). On March 11, 2022, we entered into the Asia-Pacific 2 Joint Venture with PGIM to develop and operate additional xScale data centers in Asia-Pacific (see Note 5 above). On April 6, 2022, we entered into a partnership with GIC (the "Asia-Pacific 3 Joint Venture") to develop and operate additional xScale data centers in Seoul, Korea. Upon closing, we contributed $17.0 million in exchange for a 20% partnership interest in the joint venture. On March 10, 2023, we entered into the AMER 1 Joint Venture with GIC to develop and operate xScale data centers in the Americas (see Note 5 above). Upon closing, we contributed $8.4 million in exchange for a 20% partnership interest in the joint venture. The VIE Joint Ventures are considered VIEs because they do not have sufficient funds from operations to be self-sustaining. While we provide certain management services to their operations and earn fees for the performance of such services, the power to direct the activities of these joint ventures that most significantly impact economic performance is shared equally between us and either GIC or PGIM, as applicable. These activities include data center construction and operations, sales and marketing, financing, and real estate purchases or sales. Decisions about these activities require the consent of both Equinix and either GIC or PGIM, as applicable. We concluded that neither party is deemed to have predominant control over the VIE Joint Ventures and neither party is considered to be the primary beneficiary. Our share of losses of equity method investments from these joint ventures was $11.7 million and $8.6 million for the years ended December 31, 2023 and 2022 and was included in other income (expense) on the consolidated statement of operations. The following table summarizes our maximum exposure to loss related to the VIE Joint Ventures as of December 31, 2023 (in thousands): VIE Joint Ventures Equity Investment $ 308,128 Outstanding Accounts Receivable 23,020 Contract Assets 55,967 Future Equity Contribution Commitments (1) 39,610 Maximum Future Payments under Debt Guarantees (2) 209,040 Total $ 635,765 (1) The joint ventures' partners are required to make additional equity contributions proportionately upon certain occurrences, such as a shortfall in capital necessary to complete certain construction phases or make interest payments on their outstanding debt. (2) In connection with our 20% equity investment in the EMEA 2 Joint Venture, we provided the lenders with our guarantees covering 20% of all payments of principal and interest due under EMEA 2 Joint Venture's credit facility agreements. A portion of the guarantees related to our AMER 1 Joint Venture (see Note 15).

Balance Sheet Components

Balance Sheet Components	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet Components	Balance Sheet Components Cash, and Cash Equivalents Cash and cash equivalents consisted of the following as of December 31 (in thousands): 2023 2022 Cash and cash equivalents: Cash $ 491,770 $ 1,141,793 Cash equivalents: Money market funds 1,603,942 764,628 Total cash and cash equivalents $ 2,095,712 $ 1,906,421 As of December 31, 2023 and 2022, cash and cash equivalents included investments which were readily convertible to cash and had original maturity dates of 90 days or less. Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and generally do not bear interest. Accounts receivable, net, consisted of the following as of December 31 (in thousands): 2023 2022 Accounts receivable $ 1,020,968 $ 867,605 Allowance for credit losses (17,176) (12,225) Accounts receivable, net $ 1,003,792 $ 855,380 The following table summarizes the activity of our allowance for credit losses (in thousands): Balance as of December 31, 2020 $ 10,677 Provision for credit losses 10,016 Net write-offs (8,295) Impact of foreign currency exchange (763) Balance as of December 31, 2021 11,635 Provision for credit losses 7,426 Net write-offs (6,356) Impact of foreign currency exchange (480) Balance as of December 31, 2022 12,225 Provision for credit losses 14,835 Net write-offs (9,097) Impact of foreign currency exchange (787) Balance as of December 31, 2023 $ 17,176 Other Current Assets Other current assets consisted of the following as of December 31 (in thousands): 2023 2022 Taxes receivable $ 167,140 $ 122,166 Prepaid expenses, current 99,790 79,191 Other receivables 80,349 109,948 Contract assets, current 51,991 27,608 Derivative instruments, current 43,995 105,693 Other current assets (1) 24,928 14,532 Total other current assets $ 468,193 $ 459,138 (1) Other current assets included restricted cash, current of $0.5 million and $1.7 million as of December 31, 2023 and 2022, respectively. Property, Plant and Equipment, Net Property, plant and equipment, net consisted of the following as of December 31 (in thousands): 2023 2022 Core systems $ 12,603,760 $ 11,616,863 Buildings 8,971,547 8,013,672 Leasehold improvements 2,045,523 1,991,060 Internal-use software 1,935,989 1,580,485 Construction in progress 1,917,932 1,195,042 Land 1,406,784 1,252,993 Personal property 320,224 332,376 29,201,759 25,982,491 Less accumulated depreciation (10,600,926) (9,332,957) Property, plant and equipment, net $ 18,600,833 $ 16,649,534 Goodwill and Other Intangibles The following table presents goodwill and other intangible assets, net, for the years ended December 31, 2023 and 2022 (in thousands): 2023 2022 Goodwill: Americas $ 2,630,583 $ 2,630,752 EMEA 2,467,209 2,377,921 Asia-Pacific 639,330 645,544 $ 5,737,122 $ 5,654,217 Intangible assets, net: Intangible assets - customer relationships $ 2,892,366 $ 2,885,152 Intangible assets - trade names 13,441 14,719 Intangible assets - in-place leases 29,674 22,183 Intangible assets - licenses 9,697 9,697 Intangible assets - at-the-money lease contracts 58,639 56,822 Intangible assets - other 8,093 8,029 3,011,910 2,996,602 Accumulated amortization - customer relationships (1,254,976) (1,056,844) Accumulated amortization - trade names (3,830) (4,561) Accumulated amortization - in-place leases (20,163) (15,797) Accumulated amortization - licenses (7,113) (6,467) Accumulated amortization - at-the-money lease contracts (15,368) (10,056) Accumulated amortization - other (5,590) (5,228) (1,307,040) (1,098,953) Total intangible assets, net $ 1,704,870 $ 1,897,649 Changes in the carrying amount of goodwill by geographic regions are as follows (in thousands): Americas EMEA Asia-Pacific Total Balance as of December 31, 2020 $ 2,212,782 $ 2,611,166 $ 648,605 $ 5,472,553 Purchase of GPX — — 77,162 77,162 Impact of foreign currency exchange (2,773) (138,580) (36,291) (177,644) Balance as of December 31, 2021 2,210,009 2,472,586 689,476 5,372,071 Purchase of MainOne — 110,648 — 110,648 Purchase of Entel Chile 380,867 — — 380,867 Purchase of Entel Peru 46,285 — — 46,285 Impact of foreign currency exchange (6,409) (205,313) (43,932) (255,654) Balance as of December 31, 2022 2,630,752 2,377,921 645,544 5,654,217 Impact of foreign currency exchange (1) (169) 89,288 (6,214) 82,905 Balance as of December 31, 2023 $ 2,630,583 $ 2,467,209 $ 639,330 $ 5,737,122 (1) EMEA region included an insignificant purchase price allocation adjustment related to the MainOne acquisition since the provisional amounts reported as of December 31, 2022. Refer to Note 3. Changes in the net book value of intangible assets by geographic regions are as follows (in thousands): Americas EMEA Asia-Pacific Total Balance as of December 31, 2020 $ 1,463,089 $ 518,027 $ 189,829 $ 2,170,945 GPX acquisition — — 15,472 15,472 Amortization of intangibles (133,289) (55,807) (16,388) (205,484) Impact of foreign currency exchange (2,047) (30,278) (13,341) (45,666) Balance as of December 31, 2021 1,327,753 431,942 175,572 1,935,267 Entel Chile acquisition 153,489 — — 153,489 Entel Peru acquisition 10,000 — — 10,000 MainOne acquisition — 54,800 — 54,800 Amortization of intangibles (137,358) (52,283) (15,114) (204,755) Impact of foreign currency exchange (3,570) (33,052) (14,530) (51,152) Balance as of December 31, 2022 1,350,314 401,407 145,928 1,897,649 Other asset acquisitions 7,270 — 1,235 8,505 Amortization of intangibles (140,858) (54,160) (14,045) (209,063) Impact of foreign currency exchange (53) 11,067 (3,235) 7,779 Balance as of December 31, 2023 $ 1,216,673 $ 358,314 $ 129,883 $ 1,704,870 Goodwill and intangible assets which are denominated in currencies other than the U.S. Dollar are subject to foreign currency fluctuations. Our foreign currency translation gains and losses, including goodwill and intangibles, are a component of other comprehensive income and loss. Estimated future amortization expense related to these intangibles is as follows (in thousands): Years ending: 2024 $ 208,982 2025 206,550 2026 204,913 2027 202,604 2028 201,189 Thereafter 680,632 Total $ 1,704,870 Other Assets Other assets consisted of the following as of December 31 (in thousands): 2023 2022 Equity method investments $ 468,231 $ 348,145 Contract costs 422,634 371,306 Derivative instruments, non-current 213,024 298,899 Prepaid expenses, non-current 134,204 66,393 Deferred CCA implementation costs 105,364 84,224 Contract assets, non-current 85,912 55,405 Deferred tax assets, net 62,238 44,628 Deposits 59,698 64,337 Debt issuance costs, net 5,124 6,831 Other non-current assets (1) 34,883 35,969 Total other assets $ 1,591,312 $ 1,376,137 (1) Other non-current assets included restricted cash, non-current of $0.1 million and $0.1 million as of December 31, 2023 and 2022, respectively. Accounts Payable and Accrued Expenses Accounts payable and accrued expenses consisted of the following as of December 31 (in thousands): 2023 2022 Accrued compensation and benefits $ 437,403 $ 413,135 Accrued utilities and security 177,951 115,119 Accounts payable 162,356 115,953 Accrued taxes (1) 160,834 131,376 Accrued other 158,356 144,165 Accrued interest 89,718 85,052 Total accounts payable and accrued expenses $ 1,186,618 $ 1,004,800 (1) Accrued taxes included income taxes payable of $81.4 million and $55.2 million as of December 31, 2023 and 2022, respectively. Other Current Liabilities Other current liabilities consisted of the following as of December 31 (in thousands): 2023 2022 Deferred revenue, current $ 124,945 $ 132,090 Derivative instruments, current 93,726 24,868 Other current liabilities 48,794 57,533 Customer deposits, current 16,123 15,896 Dividends payable, current 13,576 12,302 Asset retirement obligations, current 4,565 8,657 Total other current liabilities $ 301,729 $ 251,346 Other Liabilities Other liabilities consisted of the following as of December 31 (in thousands): 2023 2022 Deferred tax liabilities, net $ 394,085 $ 383,359 Deferred revenue, non-current 154,047 155,334 Asset retirement obligations, non-current 107,994 109,508 Other non-current liabilities 61,315 65,592 Accrued taxes 55,439 59,806 Dividends payable, non-current 12,081 10,446 Derivative instruments, non-current 7,608 8,820 Customer deposits, non-current 2,980 4,998 Total other liabilities $ 795,549 $ 797,863 The following table summarizes the activities of our asset retirement obligations ("ARO") (in thousands): Asset retirement obligations as of December 31, 2020 $ 113,769 Additions 7,483 Adjustments (1) (6,591) Accretion expense 6,518 Impact of foreign currency exchange (3,623) Asset retirement obligations as of December 31, 2021 117,556 Additions 2,951 Adjustments (1) (4,281) Accretion expense 6,431 Impact of foreign currency exchange (4,492) Asset retirement obligations as of December 31, 2022 118,165 Additions 1,266 Adjustments (1) (13,580) Accretion expense 6,317 Impact of foreign currency exchange 391 Asset retirement obligations as of December 31, 2023 $ 112,559 (1) The ARO adjustments are primarily due to lease amendments and acquisition of real estate assets, as well as other adjustments.

Derivatives and Hedging Instrum

Derivatives and Hedging Instruments	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Instruments	Derivatives and Hedging Instruments Derivatives Designated as Hedging Instruments Net Investment Hedges. We are exposed to the impact of foreign exchange rate fluctuations on the value of investments in our foreign subsidiaries whose functional currencies are other than the U.S. Dollar. In order to mitigate the impact of foreign currency exchange rates, we have entered into various foreign currency debt obligations, which are designated as hedges against our net investments in foreign subsidiaries. As of both December 31, 2023 and 2022, the total principal amounts of foreign currency debt obligations designated as net investment hedges was $1.5 billion. We also utilize cross-currency interest rate swaps, designated as net investment hedges, which effectively convert a portion of our U.S. dollar-denominated fixed-rate debt to foreign currency-denominated fixed-rate debt, to hedge the currency exposure associated with our net investment in our foreign subsidiaries. As of December 31, 2023 and 2022, the total notional amount of cross-currency interest rate swaps designated as net investment hedges, were $3.1 billion and $3.9 billion respectively, with maturity dates ranging through 2026. From time to time, we use foreign currency forward contracts, which are designated as net investment hedges, to hedge against the effect of foreign exchange rate fluctuations on our net investment in our foreign subsidiaries. As of December 31, 2023 and 2022, the total notional amount of foreign currency forward contracts designated as net investment hedges were $887.5 million and $373.4 million, respectively. Certain of our customer agreements that are priced in currencies different from the functional or local currencies of the parties involved are deemed to have foreign currency forward contracts embedded in them. These embedded derivatives are separated from their host contracts and carried on our balance sheet at their fair value. The majority of these embedded derivatives arise as a result of our foreign subsidiaries pricing their customer contracts in U.S. Dollars. We use these forward contracts embedded within our customer agreements to hedge against the effect of foreign exchange rate fluctuations on our net investment in our foreign subsidiaries. The effect of net investment hedges on accumulated other comprehensive income and the consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Years Ended December 31, 2023 2022 2021 Foreign currency debt $ (54,120) $ 160,286 $ 93,945 Foreign currency forward contracts (included component) (1) (9,442) 27,323 2,621 Foreign currency forward contracts (excluded component) (2) 2,683 (2,535) (2) Cross-currency interest rate swaps (included component) (1) (72,049) 276,350 282,935 Cross-currency interest rate swaps (excluded component) (3) 1,045 (35,723) (52,517) Total $ (131,883) $ 425,701 $ 326,982 Amount of gain or (loss) recognized in earnings: Location of gain or (loss) Years Ended December 31, 2023 2022 2021 Foreign currency forward contracts (excluded component) (2) Interest expense $ 1,920 $ (469) $ 242 Cross-currency interest rate swaps (excluded component) (3) Interest expense 45,469 50,188 44,933 Total $ 47,389 $ 49,719 $ 45,175 (1) Included component represents foreign exchange spot rates. (2) Excluded component represents foreign currency forward points. (3) Excluded component represents cross-currency basis spread and interest rates. Cash Flow Hedges . We hedge our foreign currency transaction exposure for forecasted revenues and expenses in our EMEA region between the U.S. Dollar and foreign currencies, primarily the British Pound and the Euro. The foreign currency forward and option contracts that we use to hedge this exposure are designated as cash flow hedges. As of December 31, 2023 and 2022, the total notional amounts of these foreign exchange contracts were $1.2 billion and $490.8 million, respectively. As of December 31, 2023, our foreign currency cash flow hedge instruments had maturity dates ranging from January 2024 to December 2025 and we had a net loss of $7.2 million recorded within accumulated other comprehensive income (loss) to be reclassified to revenues and expenses for cash flow hedges that will mature in the next 12 months. As of December 31, 2022, our foreign currency cash flow hedge instruments had maturity dates ranging from January 2023 to February 2024 and we had a net gain of $8.2 million recorded within accumulated other comprehensive income (loss) to be reclassified to revenues and expenses for cash flow hedges that will mature in the next 12 months. We enter into intercompany hedging instruments ("intercompany derivatives") with our wholly-owned subsidiaries in order to hedge certain forecasted revenues and expenses denominated in currencies other than the U.S. Dollar. Simultaneously, we enter into derivative contracts with unrelated third parties to externally hedge the net exposure created by such intercompany derivatives. We hedge the interest rate exposure created by anticipated fixed rate debt issuances through the use of treasury locks and swap locks (collectively, interest rate locks), which are designated as cash flow hedges. As of both December 31, 2023 and 2022, we had no interest rate locks outstanding. When interest rate locks are settled, any gain or loss from the transactions is deferred and included as a component of other comprehensive income (loss) and is amortized to interest expense over the term of the forecasted hedged transaction which is equivalent to the term of the interest rate locks. As of December 31, 2023 and 2022, we had a net gain of $1.1 million and $1.4 million, respectively, recorded within accumulated other comprehensive income (loss) to be reclassified to interest expense in the next 12 months for interest rate locks. We also use cross-currency swaps, which are designated as cash flow hedges, to manage the foreign currency exposure associated with a portion of our foreign currency-denominated debt. As of both December 31, 2023 and 2022, the total notional amount of cross-currency interest rate swaps, designated as cash flow hedges, was $280.3 million. The effect of cash flow hedges on accumulated other comprehensive income and the consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Years Ended December 31, 2023 2022 2021 Foreign currency forward and option contracts (included component) (1) $ (15,956) $ (8,711) $ 67,767 Foreign currency option contracts (excluded component) (2) — — 151 Cross-currency interest rate swaps (2,175) (2,386) — Interest rate locks (4,971) 49,392 9,624 Total $ (23,102) $ 38,295 $ 77,542 Amount of gain or (loss) reclassified from accumulated other comprehensive income to income: Years Ended December 31, Location of gain or (loss) 2023 2022 2021 Foreign currency forward contracts Revenues $ (9,760) $ 148,100 $ (39,297) Foreign currency forward contracts Costs and operating expenses 15,425 (71,968) 20,496 Interest rate locks Interest Expense 1,183 (26) (4,056) Total $ 6,848 $ 76,106 $ (22,857) (1) Included component represents foreign exchange spot rates. (2) Excluded component represents option's time value. Derivatives Not Designated as Hedging Instruments Embedded Derivatives . As described above, certain of our customer agreements that are priced in currencies different from the functional or local currencies of the parties involved are deemed to have foreign currency forward contracts embedded in them. Economic Hedges of Embedded Derivatives . We use foreign currency forward contracts to manage the foreign exchange risk associated with our customer agreements that are priced in currencies different from the functional or local currencies of the parties involved ("economic hedges of embedded derivatives"). Foreign currency forward contracts represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon price on an agreed-upon settlement date. Foreign Currency Forward Contracts . We also use foreign currency forward contracts to manage the foreign exchange risk associated with certain foreign currency-denominated monetary assets and liabilities. As a result of foreign currency fluctuations, the U.S. Dollar equivalent values of our foreign currency-denominated monetary assets and liabilities change. Gains and losses on these contracts are included in other income (expense), on a net basis, along with the foreign currency gains and losses of the related foreign currency-denominated monetary assets and liabilities associated with these foreign currency forward contracts. As of December 31, 2023 and 2022, the total notional amounts of these foreign currency contracts were $3.1 billion and $3.0 billion, respectively. Cross-currency Interest Rate Swaps. During the year ended December 31, 2023, we elected to de-designate a portion of our cross-currency interest rate swaps previously designated as net investment hedges. Gains and losses subsequent to the de-designation will be recognized in earnings to offset remeasurement gains and losses from foreign currency monetary assets and liabilities. We also entered into $283.4 million of cross-currency interest rate swaps, which were not designated as hedging instruments. As of December 31, 2023, the total notional amount of cross-currency interest rate swaps which were not designated as hedging instruments was $1.1 billion. The following table presents the effect of derivatives not designated as hedging instruments in our consolidated statements of operations (in thousands): Amount of gain or (loss) recognized in earnings: Years Ended December 31, Location of gain or (loss) 2023 2022 2021 Embedded derivatives (1) Revenues $ — $ (568) $ 3,503 Economic hedge of embedded derivatives (2) Revenues — (984) (5,937) Foreign currency forward contracts Other income (expense) (20,191) 137,633 129,496 Cross-currency interest rate swaps Other income (expense) 6,534 — — Total $ (13,657) $ 136,081 $ 127,062 (1) Embedded derivatives which are considered foreign currency forward contracts were designated as net investment hedges beginning March 31, 2022. (2) As of December 31, 2023, we had no economic hedge of embedded derivatives outstanding. Fair Value of Derivative Instruments The following table presents the fair value of derivative instruments recognized in our consolidated balance sheets , excluding accrued interest, as of December 31, 2023 and 2022 (in thousands): December 31, 2023 December 31, 2022 Assets (1) Liabilities (2) Assets (1) Liabilities (2) Designated as hedging instruments: Cash flow hedges Foreign currency forward and option contracts $ 2,493 $ 14,327 $ 27,812 $ 21,352 Cross-currency interest rate swaps 35,950 — 19,239 — Net investment hedges Foreign currency forward contracts 2,981 16,668 25,077 4,805 Cross-currency interest rate swaps 131,583 — 274,234 — Total designated as hedging 173,007 30,995 346,362 26,157 Not designated as hedging instruments: Foreign currency forward contracts 3,662 70,340 58,230 7,531 Cross-currency interest rate swaps 80,350 — — — Total not designated as hedging 84,012 70,340 58,230 7,531 Total Derivatives $ 257,019 $ 101,335 $ 404,592 $ 33,688 (1) As presented in our consolidated balance sheets within other current assets and other assets. (2) As presented in our consolidated balance sheets within other current liabilities and other liabilities. Offsetting Derivative Assets and Liabilities We enter into master netting agreements with our counterparties for transactions other than embedded derivatives to mitigate credit risk exposure to any single counterparty. Master netting agreements allow for individual derivative contracts with a single counterparty to offset in the event of default. For presentation on the consolidated balance sheets, we do not offset fair value amounts recognized for derivative instruments or the accrued interest related to cross-currency interest rate swaps under master netting arrangements. The following table presents information related to these offsetting arrangements, inclusive of accrued interest, as of December 31, 2023 and 2022 (in thousands): Gross Amounts Offset in Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts Gross Amounts not Offset in the Balance Sheet Net December 31, 2023 Derivative assets $ 282,316 $ — $ 282,316 $ (56,341) $ 225,975 Derivative liabilities 111,860 — 111,860 (56,341) 55,519 December 31, 2022 Derivative assets $ 424,516 $ — $ 424,516 $ (34,429) $ 390,087 Derivative liabilities 39,234 — 39,234 (34,429) 4,805

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We perform fair value measurements in accordance with ASC 820, Fair Value Measurement, which establishes three levels of inputs that we use to measure fair value: • Level 1: quoted prices in active markets for identical assets or liabilities. • Level 2: observable inputs (e.g. spot rates and other data from the third-party pricing vendors for our derivative instruments) other than quoted market prices included within Level 1 that are observable, either directly or indirectly, for the assets or liabilities. • Level 3: unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 were as follows (in thousands): Fair Value at December 31, 2023 Fair Value Level 1 Level 2 Assets: Money market and deposit accounts $ 1,603,942 $ 1,603,942 $ — Derivative instruments (1) 257,019 — 257,019 $ 1,860,961 $ 1,603,942 $ 257,019 Liabilities: Derivative instruments (1) $ 101,335 $ — $ 101,335 (1) Amounts are included within other current assets, other assets, other current liabilities and liabilities in the consolidated balance sheets. Our financial assets and liabilities measured at fair value on a recurring basis at December 31, 2022 were as follows (in thousands): Fair Value at Fair Value 2022 Level 1 Level 2 Assets: Money market and deposit accounts $ 764,628 $ 764,628 $ — Derivative instruments (1) 404,592 — 404,592 $ 1,169,220 $ 764,628 $ 404,592 Liabilities: Derivative instruments (1) $ 33,688 $ — $ 33,688 (1) Amounts are included within other current assets, other assets, other current liabilities and other liabilities in the consolidated balance sheets. Other than the contingent consideration related to the EMEA 1 Joint Venture as described in Note 6 above, we did not have any Level 3 financial assets or financial liabilities during the years ended December 31, 2023 and 2022. Other than the assets and liabilities that were classified as held for sale as described in Note 5 above, we did not have any nonfinancial assets or liabilities measured at fair value on a recurring basis during the years ended December 31, 2023 and 2022.

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Leases Significant Lease Transactions The following table summarizes the significant lease transactions during the year ended December 31, 2023 (in thousands): Renewal/Termination Options Excluded (1) Net Incremental (2) Lease Quarter Transaction Lease Classification ROU assets ROU liabilities Chicago 1/2/4 ("CH1/2/4") data center lease expansion Q2 Expanded CH1 to additional space within the building (3) One 10-year renewal option Operating Lease $150,990 $176,316 Finance Lease 78,073 52,747 London 8 ("LD8") data center lease purchase Q4 163-year lease term following purchase of leasehold interest None Operating Lease (86,724) (83,033) Finance Lease 184,945 (39,613) (1) These renewal/termination options are not included in determining the lease terms as we are not reasonably certain to exercise them at this time. Certain complementary leases contain one additional 10-year renewal option. (2) The net incremental amounts represent the adjustments to the right-of-use assets and liabilities recorded during the quarter that the transactions were entered, including the effective termination of existing LD8 leases concurrent with the purchase of the 163-year leasehold interest. (3) The incremental balance includes the impact of reassessing lease terms of complementary leases of CH1, resulting in new lease end dates ranging from June 2037 to October 2040 from including renewal options that are reasonably certain to be exercised and in certain complementary leases changing classification. Lease Expenses The components of lease expenses are as follows (in thousands): Years Ended December 31, 2023 2022 2021 Finance lease cost Amortization of right-of-use assets (1) $ 166,266 $ 161,061 $ 157,057 Interest on lease liabilities 113,039 112,518 117,896 Total finance lease cost 279,305 273,579 274,953 Operating lease cost 243,434 213,619 221,776 Variable lease cost 62,206 41,237 33,066 Total lease cost $ 584,945 $ 528,435 $ 529,795 (1) Amortization of right-of-use assets is included within depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the consolidated statements of operations. Other Information Other information related to leases is as follows (in thousands, except years and percent): Years Ended December 31, 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 109,915 $ 109,514 $ 113,571 Operating cash flows from operating leases 231,269 197,356 258,719 Financing cash flows from finance leases 148,913 134,202 165,539 Right-of-use assets obtained in exchange for lease obligations: (1) Finance leases $ 208,683 $ 293,858 $ 412,214 Operating leases 210,938 355,040 10,446 As of December 31, 2023 2022 Weighted-average remaining lease term - finance leases (2) 14 years 15 years Weighted-average remaining lease term - operating leases (2) 12 years 12 years Weighted-average discount rate - finance leases 6 % 6 % Weighted-average discount rate - operating leases 5 % 4 % Finance lease right-of-use assets (3) $ 2,183,557 $ 2,018,070 (1) Represents all non-cash changes in right-of-use assets. (2) Includes lease renewal options that are reasonably certain to be exercised. (3) As of December 31, 2023 and 2022, we recorded accumulated amortization of finance lease assets of $870.3 million and $840.0 million, respectively. Finance lease assets are recorded within property, plant and equipment, net Maturities of Lease Liabilities Maturities of lease liabilities as of December 31, 2023 are as follows (in thousands): Year ended December 31, Operating Leases Finance Leases Total 2024 $ 193,541 $ 252,296 $ 445,837 2025 204,876 278,244 483,120 2026 197,209 245,691 442,900 2027 177,937 250,254 428,191 2028 150,966 237,865 388,831 Thereafter 1,085,803 2,092,877 3,178,680 Total lease payments 2,010,332 3,357,227 5,367,559 Less imputed interest (548,254) (1,096,086) (1,644,340) Total $ 1,462,078 $ 2,261,141 $ 3,723,219 We entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of December 31, 2023. These leases will commence between year 2024 and 2026, with lease terms of 3 to 33 years and total lease commitments of approximately $524.6 million.
Leases	Leases Significant Lease Transactions The following table summarizes the significant lease transactions during the year ended December 31, 2023 (in thousands): Renewal/Termination Options Excluded (1) Net Incremental (2) Lease Quarter Transaction Lease Classification ROU assets ROU liabilities Chicago 1/2/4 ("CH1/2/4") data center lease expansion Q2 Expanded CH1 to additional space within the building (3) One 10-year renewal option Operating Lease $150,990 $176,316 Finance Lease 78,073 52,747 London 8 ("LD8") data center lease purchase Q4 163-year lease term following purchase of leasehold interest None Operating Lease (86,724) (83,033) Finance Lease 184,945 (39,613) (1) These renewal/termination options are not included in determining the lease terms as we are not reasonably certain to exercise them at this time. Certain complementary leases contain one additional 10-year renewal option. (2) The net incremental amounts represent the adjustments to the right-of-use assets and liabilities recorded during the quarter that the transactions were entered, including the effective termination of existing LD8 leases concurrent with the purchase of the 163-year leasehold interest. (3) The incremental balance includes the impact of reassessing lease terms of complementary leases of CH1, resulting in new lease end dates ranging from June 2037 to October 2040 from including renewal options that are reasonably certain to be exercised and in certain complementary leases changing classification. Lease Expenses The components of lease expenses are as follows (in thousands): Years Ended December 31, 2023 2022 2021 Finance lease cost Amortization of right-of-use assets (1) $ 166,266 $ 161,061 $ 157,057 Interest on lease liabilities 113,039 112,518 117,896 Total finance lease cost 279,305 273,579 274,953 Operating lease cost 243,434 213,619 221,776 Variable lease cost 62,206 41,237 33,066 Total lease cost $ 584,945 $ 528,435 $ 529,795 (1) Amortization of right-of-use assets is included within depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the consolidated statements of operations. Other Information Other information related to leases is as follows (in thousands, except years and percent): Years Ended December 31, 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 109,915 $ 109,514 $ 113,571 Operating cash flows from operating leases 231,269 197,356 258,719 Financing cash flows from finance leases 148,913 134,202 165,539 Right-of-use assets obtained in exchange for lease obligations: (1) Finance leases $ 208,683 $ 293,858 $ 412,214 Operating leases 210,938 355,040 10,446 As of December 31, 2023 2022 Weighted-average remaining lease term - finance leases (2) 14 years 15 years Weighted-average remaining lease term - operating leases (2) 12 years 12 years Weighted-average discount rate - finance leases 6 % 6 % Weighted-average discount rate - operating leases 5 % 4 % Finance lease right-of-use assets (3) $ 2,183,557 $ 2,018,070 (1) Represents all non-cash changes in right-of-use assets. (2) Includes lease renewal options that are reasonably certain to be exercised. (3) As of December 31, 2023 and 2022, we recorded accumulated amortization of finance lease assets of $870.3 million and $840.0 million, respectively. Finance lease assets are recorded within property, plant and equipment, net Maturities of Lease Liabilities Maturities of lease liabilities as of December 31, 2023 are as follows (in thousands): Year ended December 31, Operating Leases Finance Leases Total 2024 $ 193,541 $ 252,296 $ 445,837 2025 204,876 278,244 483,120 2026 197,209 245,691 442,900 2027 177,937 250,254 428,191 2028 150,966 237,865 388,831 Thereafter 1,085,803 2,092,877 3,178,680 Total lease payments 2,010,332 3,357,227 5,367,559 Less imputed interest (548,254) (1,096,086) (1,644,340) Total $ 1,462,078 $ 2,261,141 $ 3,723,219 We entered into agreements with various landlords primarily to lease data center spaces and ground leases which have not yet commenced as of December 31, 2023. These leases will commence between year 2024 and 2026, with lease terms of 3 to 33 years and total lease commitments of approximately $524.6 million.

Debt Facilities

Debt Facilities	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt Facilities	Debt Facilities Mortgage and Loans Payable As of December 31, 2023 and 2022, our mortgage and loans payable consisted of the following (in thousands): 2023 2022 Term loans $ 642,657 $ 619,090 Mortgage payable and loans payable 29,037 34,527 671,694 653,617 Less amount representing unamortized debt discount and debt issuance cost (726) (1,062) 670,968 652,555 Less current portion (7,705) (9,847) $ 663,263 $ 642,708 Senior Credit Facility and Refinancing On January 7, 2022, we entered into a credit agreement (the "2022 Credit Agreement") with a group of lenders for a senior unsecured credit facility, comprised of a $4.0 billion senior unsecured multicurrency revolving credit facility (the "2022 Revolving Facility") and a £500.0 million senior unsecured term loan facility (the "2022 Term Loan Facility" and, together with the 2022 Revolving Facility, collectively, the "2022 Credit Facilities"). The total debt issuance costs for the 2022 Revolving Facility and 2022 Term Loan Facility are $6.5 million and $0.8 million, respectively. We borrowed the full £500.0 million available under the 2022 Term Loan Facility, or approximately $676.9 million at the exchange rates in effect on that date. On that same day, using a portion of the proceeds from the 2022 Term Loan Facility, we prepaid in full all of the indebtedness outstanding of $549.6 million, at the exchange rates in effect on January 7, 2022, related to an approximately $1.0 billion senior unsecured multicurrency term loan facility entered in 2017 and terminated the related credit agreement. In connection with the repayment and termination, we incurred an insignificant amount of loss on debt extinguishment. The remaining unamortized debt issuance costs of the repaid facility will continue to be amortized over the contract terms of the 2022 Credit Facilities. The 2022 Credit Facilities have a maturity date of January 7, 2027. We may borrow, repay and reborrow amounts under the 2022 Revolving Facility until the Maturity Date, at which time all amounts outstanding under the 2022 Revolving Facility must be repaid in full. The term loan made under the 2022 Term Loan Facility has no scheduled principal amortization and must be repaid in full on the maturity date. The 2022 Revolving Credit Facility provides for extensions of credit in U.S. Dollars as well as certain other foreign currencies. Borrowings under the 2022 Revolving Facility bear interest at a rate based on the daily Secured Overnight Financing Rate ("SOFR"), term SOFR, an alternative currency daily rate, or an alternative currency term rate plus a spread adjustment, plus a margin that can vary from 0.555% to 1.200%. Borrowings under the 2022 Term Loan Facility bear interest at a rate based on the daily Sterling Overnight Index Average ("SONIA"), plus a spread adjustment, plus a margin that can vary from 0.625% to 1.450%. We are also required to pay a quarterly letter of credit fee on the face amount of each letter of credit, which fee is based on the same margin that applies from time to time to SOFR-indexed borrowings under the revolving credit line. The margin is dependent on either our consolidated net leverage ratio or our credit ratings. We are also required to pay a quarterly facility fee ranging from 0.07% to 0.25% per annum. The 2022 Credit Agreement contains customary covenants, including financial ratio covenants that are required to be maintained as of each quarter end. As of December 31, 2023 and 2022, the total amounts outstanding under the 2022 Term Loan Facility, net of debt issuance costs, were $636.2 million and $603.0 million, respectively. As of December 31, 2023, we had 51 irrevocable letters of credit totaling $84.2 million issued and outstanding under the 2022 Revolving Facility, with approximately $3.9 billion remaining available to borrow under the 2022 Revolving Facility. Senior Notes Our senior notes consisted of the following as of December 31 (in thousands): 2023 2022 Senior Notes Issuance Date Maturity Date Amount Effective Rate Amount Effective Rate 2.625% Senior Notes due 2024 November 2019 November 2024 $ 1,000,000 2.79 % $ 1,000,000 2.79 % 1.250% Senior Notes due 2025 June 2020 July 2025 500,000 1.46 % 500,000 1.46 % 1.000% Senior Notes due 2025 October 2020 September 2025 700,000 1.18 % 700,000 1.18 % 2.900% Senior Notes due 2026 November 2019 November 2026 600,000 3.04 % 600,000 3.04 % 1.450% Senior Notes due 2026 May 2021 May 2026 700,000 1.64 % 700,000 1.64 % 0.250% Euro Senior Notes due 2027 March 2021 March 2027 552,050 0.45 % 534,950 0.45 % 1.800% Senior Notes due 2027 June 2020 July 2027 500,000 1.96 % 500,000 1.96 % 1.550% Senior Notes due 2028 October 2020 March 2028 650,000 1.67 % 650,000 1.67 % 2.000% Senior Notes due 2028 May 2021 May 2028 400,000 2.21 % 400,000 2.21 % 2.875% Swiss Franc Senior Notes due 2028 September 2023 September 2028 356,633 3.05 % — — % 3.200% Senior Notes due 2029 November 2019 November 2029 1,200,000 3.30 % 1,200,000 3.30 % 2.150% Senior Notes due 2030 June 2020 July 2030 1,100,000 2.27 % 1,100,000 2.27 % 2.500% Senior Notes due 2031 May 2021 May 2031 1,000,000 2.65 % 1,000,000 2.65 % 3.900% Senior Notes due 2032 April 2022 April 2032 1,200,000 4.07 % 1,200,000 4.07 % 1.000% Euro Senior Notes due 2033 March 2021 March 2033 662,460 1.18 % 641,940 1.18 % 2.000% Japanese Yen Series A Notes due 2035 March 2023 March 2035 266,888 2.07 % — — % 2.130% Japanese Yen Series C Notes due 2035 March 2023 March 2035 104,911 2.20 % — — % 2.370% Japanese Yen Series B Notes due 2043 March 2023 March 2043 72,516 2.42 % — — % 2.570% Japanese Yen Series D Notes due 2043 March 2023 March 2043 32,608 2.62 % — — % 2.570% Japanese Yen Series E Notes due 2043 February 2023 March 2043 70,886 2.62 % — — % 3.000% Senior Notes due 2050 June 2020 July 2050 500,000 3.09 % 500,000 3.09 % 2.950% Senior Notes due 2051 October 2020 September 2051 500,000 3.00 % 500,000 3.00 % 3.400% Senior Notes due 2052 May 2021 February 2052 500,000 3.50 % 500,000 3.50 % 13,168,952 12,226,890 Less amount representing unamortized debt discount and debt issuance cost (108,026) (117,351) 13,060,926 12,109,539 Less current portion (998,580) — $ 12,062,346 $ 12,109,539 3.900% Senior Notes due 2032 On April 5, 2022, we issued $1.2 billion aggregate principal amount of 3.900% Senior Notes due 2032 (the "2032 Notes"). Interest on the 2032 Notes is payable semi-annually on April 15 and October 15 of each year, commencing on October 15, 2022. Debt issuance costs and debt discounts related to the 2032 Notes were $16.3 million. 2.000% Japanese Yen Senior Notes Series A due 2035, 2.370% Japanese Yen Senior Notes Series B due 2043, 2.130% Japanese Yen Senior Notes Series C due 2035, 2.570% Japanese Yen Senior Notes Series D due 2043 and 2.570% Japanese Yen Senior Notes Series E due 2043 (collectively, the "Japanese Yen Senior Notes") On February 16, 2023, we issued ¥10.0 billion, or approximately $74.5 million in U.S. dollars, at the exchange rate in effect on that date, aggregate principal amount of 2.570% senior notes due March 8, 2043 (the "2043 Japanese Yen Series E Notes"). On March 8, 2023, and at the exchange rate in effect on that date, we issued ¥37.7 billion, or approximately $274.7 million in U.S. dollars, aggregate principal amount of 2.000% senior notes due March 8, 2035 (the "2035 Japanese Yen Series A Notes"), ¥10.2 billion, or approximately $74.6 million in U.S. dollars, aggregate principal amount of 2.370% senior notes due March 8, 2043 (the "2043 Japanese Yen Series B Notes"), ¥14.8 billion, or approximately $107.9 million in U.S. dollars, aggregate principal amount of 2.130% senior notes due March 8, 2035 (the "2035 Japanese Yen Series C Notes") and ¥4.6 billion, or approximately $33.5 million in U.S. dollars, aggregate principal amount of 2.570% senior notes due March 8, 2043 (the "2043 Japanese Yen Series D Notes"). Interest on the notes is payable semi-annually in arrears on March 8 and September 8 of each year, commencing on September 8, 2023. Total debt issuance costs related to the 2035 Japanese Yen Series A Notes, the 2043 Japanese Yen Series B Notes, the 2035 Japanese Yen Series C Notes, the 2043 Japanese Yen Series D Notes and the 2043 Japanese Yen Series E Notes were $2.0 million, $0.6 million, $0.8 million, $0.3 million and $0.6 million, respectively. 2.875% Swiss Franc Senior Notes due 2028 On September 12, 2023, we issued CHF300.0 million, or approximately $336.9 million in U.S. dollars, at the exchange rate in effect on that date, aggregate principal amount of 2.875% senior notes due September 12, 2028 (the "2028 CHF Notes"). Interest on the notes is payable annually in arrears on September 12 of each year, commencing on September 12, 2024. Total debt issuance costs related to the 2028 CHF Notes were $3.0 million. All of our senior notes are unsecured and rank equal in right of payment to our existing or future senior indebtedness and senior in right of payment to our existing and future subordinated indebtedness. Interest on the senior notes is paid semi-annually in arrears, with the exception of our Euro senior notes and Swiss Franc notes which are paid annually in arrears. The senior notes are effectively subordinated to all of the existing and future secured debt, including debt outstanding under any bank facility or secured by any mortgage, to the extent of the assets securing such debt. They are also structurally subordinated to any existing and future indebtedness and other liabilities (including trade payables) of any of our subsidiaries. Each series of senior notes is governed by an indenture and a supplemental indenture, or a purchase agreement between us and a trustee or a note registrar. These supplemental indentures contain covenants that limit our ability and the ability of our subsidiaries to, among other things: • incur liens; • enter into sale-leaseback transactions; and • merge or consolidate with any other person. As of December 31, 2023, we are in compliance with all covenants. Subject to compliance with the limitations described above, we may issue an unlimited principal amount of additional notes at later dates under the same indenture as the senior notes. We are not required to make any mandatory redemption with respect to the senior notes; however, upon the event of a change in control, we may be required to offer to purchase the senior notes. Optional Redemption With respect to the rest of the Notes listed below, we may redeem at our election, at any time or from time to time, some or all of the notes of any series before they mature. The redemption price will equal the sum of (1) an amount equal to one hundred percent (100%) of the principal amount of the notes being redeemed plus accrued and unpaid interest up to, but not including, the redemption date and (2) a make-whole premium. If the Notes are redeemed on or after the First Par Call Date listed in the table below, the redemption price will not include a make-whole premium for the applicable notes. Senior Notes Description First Par Call Date 2.625% Senior Notes due 2024 October 18, 2024 1.250% Senior Notes due 2025 June 15, 2025 1.000% Senior Notes due 2025 August 15, 2025 1.450% Senior Notes due 2026 April 15, 2026 2.900% Senior Notes due 2026 September 18, 2026 0.250% Euro Senior Notes due 2027 January 15, 2027 1.800% Senior Notes due 2027 May 15, 2027 1.550% Senior Notes due 2028 January 15, 2028 2.000% Senior Notes due 2028 March 15, 2028 2.875% Swiss Franc Senior Notes due 2028 June 12, 2028 3.200% Senior Notes due 2029 August 18, 2029 2.150% Senior Notes due 2030 April 15, 2030 2.500% Senior Notes due 2031 February 15, 2031 3.900% Senior Notes due 2032 January 15, 2032 1.000% Euro Senior Notes due 2033 December 15, 2032 2.000% Japanese Yen Series A Notes due 2035 March 8, 2035 2.130% Japanese Yen Series C Notes due 2035 March 8, 2035 2.370% Japanese Yen Series B Notes due 2043 March 8, 2043 2.570% Japanese Yen Series D Notes due 2043 March 8, 2043 2.570% Japanese Yen Series E Notes due 2043 March 8, 2043 3.000% Senior Notes due 2050 January 15, 2050 2.950% Senior Notes due 2051 March 15, 2051 3.400% Senior Notes due 2052 August 15, 2051 Maturities of Debt Instruments The following table sets forth maturities of our debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs and debt discounts, as of December 31, 2023 (in thousands): Years ending: 2024 $ 1,007,704 2025 1,206,322 2026 1,306,171 2027 1,694,016 2028 1,411,523 Thereafter 7,214,910 $ 13,840,646 Fair Value of Debt Instruments The following table sets forth the estimated fair values of our mortgage and loans payable and senior notes, including current maturities, as of December 31 (in thousands): 2023 2022 Fair Value Fair Value Fair Value Fair Value Level 1 Level 2 Level 1 Level 2 Mortgage and loans payable $ 684,222 $ — $ 684,222 $ 666,387 $ — $ 666,387 Senior notes 11,739,401 11,165,781 573,620 10,196,933 10,196,933 — The inputs used to estimate the fair value of debt instruments include: • Level 1: quoted market prices; and • Level 2: our credit rating and current prices of similar debt instruments that are publicly traded. Interest Charges The following table sets forth total interest costs incurred, and total interest costs capitalized for the years ended December 31 (in thousands): 2023 2022 2021 Interest expense $ 402,022 $ 356,337 $ 336,082 Interest capitalized 25,971 18,152 24,505 Interest charges incurred $ 427,993 $ 374,489 $ 360,587 Total interest paid in cash, net of capitalized interest, during the years ended December 31, 2023, 2022 and 2021 was $445.5 million, $412.1 million and $401.9 million, respectively.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity Our authorized share capital is 300,000,000 shares of common stock and 100,000,000 shares of preferred stock, of which 25,000,000 is designated Series A, 25,000,000 is designated as Series A-1 and 50,000,000 is undesignated. As of December 31, 2023 and 2022, we had no preferred stock issued and outstanding. Common Stock In October 2020, we established an "at the market" equity offering program (the "2020 ATM Program"), under which we could, from time to time, offer and sell shares of our common stock to or through sales agents up to an aggregate of $1.5 billion. In February 2022, we entered into a forward sale amendment to the 2020 ATM Program, under which we could, from time to time, offer and sell shares under the equity distribution agreement pursuant to forward sale transactions (the "Equity Forward Amendment"). In November 2022, we established a successor ATM program, also with substantially the same terms as the Equity Forward Amendment noted above, under which we may, from time to time, offer and sell on a spot or forward basis up to an aggregate of $1.5 billion of our common stock to or through sales agents in "at the market" transactions (the "2022 ATM Program"). The forward sale agreements provide three settlement alternatives to us: physical settlement, cash settlement or net share settlement. In accordance with ASC 815, the forward sale agreements are classified as equity for balance sheet purposes. During the first half of 2022, we executed five forward sale agreements under the 2020 ATM Program to sell 579,873 shares of our common stock. On August 3, 2022, we physically settled these forward sale shares for approximately $393.6 million, net of payment of commissions to sales agents and other offering expenses, at an aggregate weighted-average forward sale price of $678.72 per share. In the fourth quarter of 2022, we executed three additional forward sale agreements to sell 458,459 shares of our common stock with maturity dates ranging from February 2023 to November 2023. Of this amount, 308,875 shares were executed under the 2020 ATM Program and the remaining 149,584 shares were executed under the 2022 ATM Program. On February 28, 2023, we physically settled these forward sale shares for approximately $301.6 million, net of payment of commissions to sales agents and other offering expenses, at an aggregate weighted-average forward sale price of $657.75 per share. In the year ended December 31, 2022, we sold an additional 580,833 shares, excluding the forward sale transactions noted above, for approximately $403.6 million, net of payment of commissions to sales agents and other offering expenses, under the 2020 ATM Program. As of December 31, 2022, no shares remained available for sale under the 2020 ATM Program. In the second quarter of 2023, we executed two forward sale agreements to sell 269,547 shares of our common stock with maturity dates ranging from February 2024 to March 2024. In the third quarter of 2023, we executed three additional forward sale agreements to sell 294,579 shares of our common stock with maturity dates ranging from February 2024 to March 2024. On November 1, 2023, we physically settled 564,126 forward sale shares for approximately $433.3 million, net of payment of commissions to sales agents and other offering expenses, at an aggregate weighted-average forward sale price of $768.03 per share. In the fourth quarter of 2023, we executed seven forward sale agreements to sell 643,428 shares of our common stock with maturity dates ranging from November 2024 to December 2024. As of December 31, 2023, the estimated net settlement value for the forward sale agreements was approximately $499.4 million at an aggregate weighted-average forward sale price of $776.23 per share. The weighted-average forward sale price that we expect to receive upon physical settlement will be subject to adjustments for a discount rate factor equal to a specified benchmark rate less a spread minus scheduled dividends during the terms of the agreements. As of December 31, 2023, we had approximately $469.7 million of common stock available for sale under the 2022 ATM Program, which amount gives effect to the unsettled forward sale transactions noted above. For the year ended December 31, 2023, other than as noted above, we sold no additional shares under the 2022 ATM Program. As of December 31, 2023, we had reserved the following authorized but unissued shares of common stock for future issuances: Common stock options and restricted stock units 3,978,009 Common stock employee purchase plans 2,345,263 Total 6,323,272 Redeemable Non-controlling Interest On April 3, 2023, we issued additional shares in our Indonesian operating entity to a third party investor for $25.0 million, which resulted in the third party investor owning a 25% interest in the entity. The Indonesian operating entity is a VIE because it does not have sufficient funds from its operations to be self-sustaining. We provide certain management services to the entity and earn fees for the performance of such services. We have the power to direct the activities that most significantly impact the economic performance of the entity and have concluded that we are its primary beneficiary. Under the terms of the shareholders’ agreement, the investor may put its 25% ownership stake in the entity to us for a maximum exercise price of $25.0 million, subject to certain contingent conditions. Accordingly, we present the investor’s contingently redeemable non-controlling interest ("NCI") outside of permanent equity at the higher of its maximum redemption amount of $25.0 million and its balance after attribution of gains and losses in the consolidated balance sheets. There were no changes in the carrying value of the redeemable NCI for the year ended December 31, 2023. As of December 31, 2023, the carrying value of the assets and liabilities of the Indonesian VIE, which were included in other assets and other liabilities on the consolidated balance sheets were $30.4 million and $2.9 million, respectively. The income and losses attributable to us as well as to the redeemable NCI from the Indonesian VIE were insignificant for the year ended December 31, 2023. Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss, net of tax, by components are as follows (in thousands): December 31, 2020 Net December 31, 2021 Net December 31, 2022 Net December 31, 2023 Foreign currency translation adjustment ("CTA") gain (loss) $ (508,415) $ (559,984) $ (1,068,399) $ (769,838) $ (1,838,237) $ 250,044 $ (1,588,193) Unrealized gain (loss) on cash flow hedges (1) (67,152) 60,562 (6,590) 40,543 33,953 (18,370) 15,583 Net investment hedge CTA gain (loss) (1) (336,934) 326,982 (9,952) 425,701 415,749 (131,883) 283,866 Net actuarial gain (loss) on defined benefit plans (2) (867) 57 (810) (101) (911) (462) (1,373) $ (913,368) $ (172,383) $ (1,085,751) $ (303,695) $ (1,389,446) $ 99,329 $ (1,290,117) (1) Refer to Note 8 for a discussion of the amounts reclassified from accumulated other comprehensive loss to net income. (2) We have a defined benefit pension plan covering all employees in two countries where such plans are mandated by law. We do not have any defined benefit plans in any other countries. The unamortized gain (loss) on defined benefit plans includes gains or losses resulting from a change in the value of either the projected benefit obligation or the plan assets resulting from a change in an actuarial assumption, net of amortization. Changes in foreign currencies can have a significant impact to our consolidated balance sheets (as evidenced above in our foreign currency translation loss), as well as our consolidated results of operations, as amounts in foreign currencies are generally translated into more U.S. dollars when the U.S. dollar weakens or less U.S. dollars when the U.S. dollar strengthens. As of December 31, 2023, the U.S. dollar was generally weaker relative to certain of the currencies of the foreign countries in which we operate as compared to December 31, 2022. Because of this, the U.S. dollar had an overall favorable impact on our consolidated financial position because the foreign denominations translated into more U.S. dollars as evidenced by a decrease in foreign currency translation loss for the year ended December 31, 2023 as reflected in the above table. The volatility of the U.S. dollar as compared to the other currencies in which we operate could have a significant impact on our consolidated financial position and results of operations including the amount of revenue that we report in future periods. Dividends During the years ended December 31, 2023 , 2022 and 2021 , our Board of Directors declared quarterly dividends whose treatment for federal income tax purposes were as follows: Declaration Date Record Date Payment Date Total Distribution (1) Nonqualified Ordinary Dividend (2) Total Distribution Amount (per share) (in thousands) Fiscal 2023 2/15/2023 3/7/2023 3/22/2023 $ 3.410000 $ 3.410000 $ 318,736 5/3/2023 5/24/2023 6/21/2023 3.410000 3.410000 318,914 8/2/2023 8/23/2023 9/20/2023 3.410000 3.410000 319,308 10/25/2023 11/15/2023 12/13/2023 4.260000 4.260000 402,347 Total $ 14.490000 $ 14.490000 $ 1,359,305 Fiscal 2022 2/16/2022 3/7/2022 3/23/2022 $ 3.100000 $ 3.100000 $ 282,031 4/27/2022 5/18/2022 6/15/2022 3.100000 3.100000 282,168 7/27/2022 8/17/2022 9/21/2022 3.100000 3.100000 286,136 11/2/2022 11/16/2022 12/14/2022 3.100000 3.100000 286,868 Total $ 12.400000 $ 12.400000 $ 1,137,203 Fiscal 2021 2/10/2021 2/24/2021 3/17/2021 $ 2.870000 $ 2.870000 $ 256,321 4/28/2021 5/19/2021 6/16/2021 2.870000 2.870000 257,199 7/28/2021 8/18/2021 9/22/2021 2.870000 2.870000 257,769 11/3/2021 11/17/2021 12/15/2021 2.870000 2.870000 258,716 Total $ 11.480000 $ 11.480000 $ 1,030,005 (1) Common stock dividends are characterized for federal income tax purposes as nonqualified ordinary dividend, qualified ordinary dividend, capital gains or return of capital. During the years ended December 31, 2023, 2022 and 2021, we did not classify any portion of the distributions as qualified ordinary dividend, capital gains or return of capital. (2) All nonqualified ordinary dividends are eligible for the 20% deduction generally allowable to non-corporate shareholders under Internal Revenue Code Section 199A. In addition, as of December 31, 2023, for dividends and special distributions attributed to the RSUs, we recorded a short-term dividend payable of $13.6 million and a long-term dividend payable of $12.1 million for the RSUs that have not yet vested. As of December 31, 2022, for dividends and special distributions attributed to the RSUs, we recorded a short-term dividend payable of $12.3 million and a long-term dividend payable of $10.4 million for the RSUs that have not yet vested.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Equity Compensation Plans As of December 31, 2023, our equity compensation plans included: • 2004 Employee Stock Purchase Plan (the "2004 Purchase Plan") : The 2004 Purchase Plan permits eligible employees to purchase common stock on favorable terms via payroll deductions of up to 15% of the employee's cash compensation, subject to certain share and statutory dollar limits. Two overlapping offering periods commence during each calendar year, on each of February 15 and August 15 or such other periods or dates as determined by the Talent, Culture and Compensation Committee of the Board of Directors (the "Compensation Committee") from time to time, and the offering periods last up to 24 months with a purchase date every 6 months. The price of each share purchased is 85% of the lower of a) the fair value per share of common stock on the last trading day before the commencement of the applicable offering period or b) the fair value per share of common stock on the purchase date. • 2020 Equity Incentive Plan : In 2020, both our Board of Directors and our stockholders approved the 2020 Equity Plan, which provides for the grant of stock options, including incentive stock options and nonqualified stock options, stock appreciation rights, RSAs, RSUs, other stock-based incentive awards, dividend equivalents, and cash-based incentive awards. The 2020 Equity Plan's awards may be granted to employees, non-employee members of the Board and consultants. Equity awards granted under the 2020 Equity Incentive Plan generally vest over four years. The maximum numbers of shares of our common stock available for issuance under the 2020 Equity Plan is equal to the sum of 4.0 million shares and the shares transferred from the 2000 Equity Incentive Plan. The Equity compensation plans are administered by the Compensation Committee, which may terminate or amend these plans, with approval of the stockholders as may be required by applicable law, at any time. As of December 31, 2023, shares reserved and available for issuance under the equity compensation plans were as follows: Shares reserved Shares available for grant 2004 Purchase Plan 5,392,206 2,345,263 2020 Equity Incentive Plan 3,941,429 2,426,412 Restricted Stock Units Since 2008, we primarily grant RSUs to our employees, including executives and non-employee directors, in lieu of stock options. We generally grant RSUs that have a service condition only or have both a service and performance condition. Each RSU is not considered issued and outstanding and does not have voting rights until it is converted into one share of our common stock upon vesting. RSU activity is summarized as follows: Number of Shares Outstanding Weighted Average Grant Date Fair Value per Share Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (1) (Dollars in Thousands) RSUs outstanding, December 31, 2020 1,337,634 $ 499.60 RSUs granted 776,628 679.59 RSUs released, vested (633,466) 505.40 Special distribution shares released (34) 297.03 RSUs canceled (123,168) 561.34 RSUs outstanding, December 31, 2021 1,357,594 594.27 RSUs granted 912,249 661.43 RSUs released, vested (668,733) 576.62 RSUs canceled (155,418) 624.98 RSUs outstanding, December 31, 2022 1,445,692 641.51 RSUs granted 990,667 699.07 RSUs released, vested (680,738) 644.90 Special distribution shares released (34) 297.03 RSUs canceled (203,990) 640.68 RSUs outstanding, December 31, 2023 1,551,597 $ 676.89 1.28 $ 1,249,640 (1) The intrinsic value is calculated based on the market value of the stock as of December 31, 2023. The total fair value of RSUs vested and released during the years ended December 31, 2023, 2022 and 2021 was $497.7 million, $462.0 million and $472.9 million, respectively. Employee Stock Purchase Plan We provide the following disclosures for the 2004 Purchase Plan as of December 31 (dollars, except shares): 2023 2022 2021 Weighted-average purchase price per share $ 572.59 $ 568.29 $ 467.59 Weighted average grant-date fair value per award for shares purchased $ 206.83 $ 202.61 $ 138.80 Number of shares purchased 151,875 143,515 166,023 We use the Black-Scholes option-pricing model to determine the fair value of shares under the 2004 Purchase Plan with the following assumptions during the years ended December 31: 2023 2022 2021 Range of dividend yield 1.69% - 1.78% 1.48 - 1.55% 1.58 - 1.77% Range of risk-free interest rate 4.57% - 5.30% 0.72 - 3.06% 0.01 - 0.21% Range of expected volatility 26.02% - 34.93% 25.73 - 37.20% 25.54 - 41.24% Weighted-average expected volatility 30.48 % 30.34 % 34.08 % Weighted average expected life (in years) 1.06 1.06 1.18 Stock-Based Compensation Expense The following table presents, by operating expense, our stock-based compensation expense recognized in our consolidated statement of operations for the years ended December 31 (in thousands): 2023 2022 2021 Cost of revenues $ 49,013 $ 45,028 $ 38,438 Sales and marketing 84,583 82,794 79,144 General and administrative 273,940 276,161 246,192 Total $ 407,536 $ 403,983 $ 363,774 Our stock-based compensation expense recognized in the consolidated statement of operations was comprised of the following types of equity awards for the years ended December 31 (in thousands): 2023 2022 2021 RSUs $ 387,011 $ 359,952 $ 330,077 RSAs 1,752 9,793 10,067 Employee stock purchase plan 18,773 34,238 23,630 Total $ 407,536 $ 403,983 $ 363,774 During the years ended December 31, 2023, 2022 and 2021, we capitalized $60.3 million, $46.3 million and $27.7 million, respectively, of stock-based compensation expense as construction in progress in property, plant and equipment. As of December 31, 2023, the total stock-based compensation cost related to unvested equity awards not yet recognized, net of estimated forfeitures, totaled $776.3 million which is expected to be recognized over a weighted-average period of 2.28 years.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income before income taxes is attributable to the following geographic locations for the years ended December 31, (in thousands): 2023 2022 2021 Domestic $ 278,470 $ 334,486 $ 137,492 Foreign 845,760 494,883 471,460 Income before income taxes $ 1,124,230 $ 829,369 $ 608,952 The tax expenses for income taxes consisted of the following components for the years ended December 31, (in thousands): 2023 2022 2021 Current: Federal $ 299 $ 1,679 $ 7,753 State and local (526) (892) (156) Foreign (150,179) (83,210) (76,450) Subtotal (150,406) (82,423) (68,853) Deferred: Federal (136) (16,284) 11,060 State and local 196 (5,024) (1,411) Foreign (4,904) (21,061) (50,020) Subtotal (4,844) (42,369) (40,371) Income tax expense $ (155,250) $ (124,792) $ (109,224) State and foreign taxes not based on income are included in general and administrative expenses and the aggregate amounts were not significant for the years ended December 31, 2023, 2022 and 2021. Income tax benefit (expenses) for the years ended December 31, 2023, 2022 and 2021 differed from the amounts computed by applying the U.S. federal income tax rate of 21% to pre-tax income as a result of the following for the years ended December 31 (in thousands): 2023 2022 2021 Federal tax at statutory rate $ (236,088) $ (174,168) $ (127,880) State and local tax expense (331) (5,916) (1,513) Deferred tax assets generated in current year not benefited (33,810) (39,196) (19,703) Foreign income tax rate differential (13,634) (12,379) (18,918) Non-deductible expenses (6,470) (5,995) (10,579) Stock-based compensation expense (8,981) (8,321) (1,385) Change in valuation allowance 1,744 (19,793) (595) Foreign financing activities (3,642) (5,519) (4,805) Uncertain tax positions reserve 20,683 45,317 50,059 Tax adjustments related to REIT 131,757 107,312 39,164 Change in deferred tax adjustments (2,572) (239) (1,251) Effect of tax rate change on deferred tax assets (1,872) (3,126) (12,297) Other, net (2,034) (2,769) 479 Total income tax expense $ (155,250) $ (124,792) $ (109,224) Of the unrecognized tax benefits being realized in the years ended December 31, 2023, 2022 and 2021, approximately $1.6 million, $2.0 million and $32.0 million, respectively, are related to the uncertain tax position inherited from the acquisition of Metronode in 2018. The uncertain tax position was covered by an indemnification agreement with the seller. As such, the realization of the unrecognized tax benefit resulted in an impairment of the indemnification asset for the same amount, which has been included in Other Income (Expense) on the Consolidated Statements of Operations for the years ended December 31, 2023, 2022 and 2021. Our accounting policy is to treat any tax on Global Intangible Low-Taxed Income ("GILTI") inclusions as a current period cost included in the tax expense in the year incurred. We believe the GILTI inclusion provision will result in no material financial statement impact provided we satisfy our REIT distribution requirement with respect to the GILTI inclusions. As a result of our conversion to a REIT effective January 1, 2015, it is no longer our intent to indefinitely reinvest undistributed foreign earnings. However, no deferred tax liability has been recognized to account for this change because the expected recovery of the basis difference will not result in material U.S. taxes in the post-REIT conversion periods due to the fact that the majority of our foreign subsidiaries are either QRSs or owned directly by our REIT and QRSs, and the foreign withholding tax effect would be immaterial. We continue to assess the foreign withholding tax impact of our current policy and do not believe the distribution of our foreign earnings would trigger any significant foreign withholding taxes, as the majority of the foreign jurisdictions where we operate do not impose withholding taxes on dividend distributions to a corporate U.S. parent. The types of temporary differences that give rise to significant portions of our deferred tax assets and liabilities are set out below as of December 31 (in thousands): 2023 2022 Deferred tax assets: Stock-based compensation expense $ 9,073 $ 9,002 Net unrealized losses 10,843 3,988 Operating lease liabilities 220,745 253,005 Finance lease liabilities 14,591 — Deferred revenue 16,625 13,887 Goodwill — 20,511 Loss carryforwards and tax credits 232,471 142,270 Others, net 6,600 32,543 Gross deferred tax assets 510,948 475,206 Valuation allowance (220,848) (166,594) Total deferred tax assets, net 290,100 308,612 Deferred tax liabilities: Finance lease liabilities — (8,033) Property, plant and equipment (252,434) (221,343) Right-of-use assets (224,253) (256,837) Deferred income (26,116) (28,314) Goodwill (3,074) — Intangible assets (116,070) (132,816) Total deferred tax liabilities (621,947) (647,343) Net deferred tax liabilities $ (331,847) $ (338,731) The tax basis of REIT assets, excluding investments in TRSs, is greater than the amounts reported for such assets in the accompanying consolidated balance sheet by approximately $2.7 billion as of December 31, 2023. Our accounting for deferred taxes involves weighing positive and negative evidence concerning the realizability of our deferred tax assets in each taxing jurisdiction. After considering evidence such as the nature, frequency and severity of current and cumulative financial reporting losses, the sources of future taxable income, taxable income in carryback years permitted by the tax laws and tax planning strategies, we concluded that valuation allowances were required in certain jurisdictions. The operations in most of the jurisdictions for which a valuation allowance has been established have a history of significant losses as of December 31, 2023. As such, we do not believe these operations have established a sustained history of profitability and that a valuation allowance is, therefore, necessary. We also provided a valuation allowance against certain gross deferred tax assets in certain taxing jurisdictions as these deferred tax assets are not expected to be realizable in the foreseeable future. Changes in the valuation allowance for deferred tax assets for the years ended December 31, 2023, 2022 and 2021 are as follows (in thousands): 2023 2022 2021 Beginning balance $ 166,594 $ 100,746 $ 82,344 Amounts from acquisitions 10,459 13,458 964 Amounts recognized into income (1,744) 22,905 595 Current increase 44,002 36,513 19,539 Impact of foreign currency exchange 1,537 (7,028) (2,696) Ending balance $ 220,848 $ 166,594 $ 100,746 Our net operating loss carryforwards for federal, state and foreign tax purposes which expire, if not utilized, at various intervals from 2024, are outlined below (in thousands): Expiration Date Federal State Foreign (1) (2) Total 2024 $ 819 $ 24 $ 9,736 $ 10,579 2025 to 2027 2,457 — 34,463 36,920 2028 to 2030 — — 40,604 40,604 2031 to 2033 — 667 9,845 10,512 2034 to 2036 2,441 324 20,286 23,051 2037 to 2039 2,886 2,618 19,177 24,681 Thereafter 248,941 89,574 624,744 963,259 $ 257,544 $ 93,207 $ 758,855 $ 1,109,606 (1) In certain jurisdictions, the net operating loss carryforwards can only be used to offset a percentage of taxable income in a given year. (2) If certain substantial changes in the entity's ownership occur or have determined to have occurred, there may be a limitation on the amount of the carryforwards that can be utilized. As of December 31, 2023, we had tax credit carryforwards of $5.7 million, which expire, if not utilized, from 2024 to 2031. We also had capital losses of $7.6 million, which can be carried forward indefinitely. The beginning and ending balances of our unrecognized tax benefits are reconciled below for the years ended December 31 (in thousands): 2023 2022 2021 Beginning balance $ 89,237 $ 148,300 $ 207,759 Gross increases related to prior year tax positions 2,989 1,401 4,547 Gross decreases related to prior year tax positions (16,767) (43,575) (58,356) Gross increases related to current year tax positions 4,395 7,004 10,000 Decreases resulting from expiration of statute of limitation (10,138) (11,969) (10,561) Decreases resulting from settlements — (11,924) (5,089) Ending balance $ 69,716 $ 89,237 $ 148,300 We recognize interest and penalties related to unrecognized tax benefits within income tax expense in the consolidated statements of operations. We accrued $7.2 million, $6.5 million, and $13.6 million for interest and penalties as of December 31, 2023, 2022 and 2021, respectively. The unrecognized tax benefits of $69.7 million as of December 31, 2023, if subsequently recognized, will affect our effective tax rate favorably at the time when such a benefit is recognized. Due to various tax years open for examination and the ongoing tax audits and inquiries by the tax authorities in different jurisdictions, it is reasonably possible that the balance of unrecognized tax benefits could significantly increase or decrease over the next 12 months as we may be subject to either examination by tax authorities, tax audit settlements, or a lapse in statute of limitations. We are currently unable to estimate the range of possible adjustments to the balance of unrecognized tax benefits. In general, our income tax returns for the years from 2020 through the current year remain open to examination by federal and state taxing authorities. In addition, our tax years of 2005 through current year remain open and subject to examination by local tax authorities in certain foreign jurisdictions in which we have major operations.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Commitments As a result of our various IBX data center expansion projects, as of December 31, 2023, we were contractually committed for approximately $2.0 billion of unaccrued capital expenditures, primarily for IBX infrastructure equipment not yet delivered and labor not yet provided, in connection with the work necessary to open these IBX data centers and make them available to our customers for installation. We also had numerous other, non-capital purchase commitments in place as of December 31, 2023, such as commitments to purchase power in select locations through 2024 and thereafter, and other open purchase orders for goods, or services to be delivered or provided during 2024 and thereafter. Such other miscellaneous purchase commitments totaled approximately $1.7 billion as of December 31, 2023. For further information on our equity method investments contribution commitments and lease commitments, see Note 6 and Note 10, respectively, above. Contingent Liabilities We estimate our exposure on certain liabilities, such as indirect and property taxes, based on the best information available at the time of determination. With respect to real and personal property taxes, we record what we can reasonably estimate based on prior payment history, assessed value by the assessor's office, current landlord estimates or estimates based on current or changing fixed asset values in each specific municipality, as applicable. However, there are circumstances beyond our control whereby the underlying value of the property or basis for which the tax is calculated on the property may change, such as a landlord selling the underlying property of one of our IBX data center leases or a municipality changing the assessment value in a jurisdiction and, as a result, our property tax obligations may vary from period to period. Based upon the most current facts and circumstances, we make the necessary property tax accruals for each of our reporting periods. However, revisions in our estimates of the potential or actual liability could materially impact our financial position, results of operations or cash flows. Our indirect and property tax filings in various jurisdictions are subject to examination by local tax authorities. Although we believe that we have adequately assessed and accounted for our potential tax liabilities, and that our tax estimates are reasonable, there can be no certainty that additional taxes will not be due upon audit of our tax returns or as a result of further changes to the tax laws and interpretations thereof. For example, we are currently undergoing several indirect tax audits and appealing a tentative assessment in Brazil. The final settlement of the audit and the outcomes of the appeal are uncertain and may not be resolved in our favor. We regularly assess the likelihood of adverse outcomes resulting from these examinations and appeals that would affect the adequacy of our tax accruals for each of the reporting periods. If any issues arising from the tax examinations and appeals are resolved in a manner inconsistent with our expectations, the revision of the estimates of the potential or actual liabilities could materially impact our financial position, results of operations, or cash flows. From time to time, we may have certain contingent liabilities that arise in the ordinary course of our business activities. Contingent liabilities are accrued when it is probable that future expenditures will be made and such expenditures can be reasonably estimated. In the opinion of management, there are no pending claims for which the outcome is expected to result in a material adverse effect in the financial position, results of operations or cash flows. Employment Agreements We have entered into a severance agreement with certain of our executive officers that provides for a severance payment equal to 100% of the executive officer's annual base salary and maximum bonus in the event his or her employment is terminated for any reason other than cause or he or she voluntarily resigns under certain circumstances as described in the agreement, or 200% of the executive officer's annual base salary and maximum bonus in the event this occurs after a change-in-control of our company. For certain other executive officers, these benefits are only triggered after a change-in-control of our company, in which case the officer is entitled to 200% of the executive officer's annual base salary and maximum bonus. In addition, under these agreements, the executive officer is entitled to the payment of his or her monthly health care premiums under the Consolidated Omnibus Budget Reconciliation Act for up to 24 months. Indemnification and Guarantor Arrangements As permitted under Delaware law, we have agreements whereby we indemnify our officers and directors for certain events or occurrences while the officer or director is, or was serving, at our request in such capacity. The term of the indemnification period is for the officer's or director's lifetime. The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited; however, in the event of a legal action, we have purchased insurance that could limit our exposure, depending upon the details of the claim and the coverage provided. As a result, our estimated fair value of these indemnification agreements is minimal. We have no liabilities recorded for these agreements as of December 31, 2023. We enter into standard indemnification agreements in the ordinary course of business. Pursuant to these agreements, we may agree to indemnify, hold harmless, and reimburse the indemnified party for losses suffered or incurred by the indemnified party, generally a business partner or a customer, in connection with matters such as any U.S. patent, or any copyright or other intellectual property infringement claim by any third party with respect to our offerings; a breach of confidentiality obligations and certain other contractual warranties; our gross negligence, willful misconduct, fraud, misrepresentation, or violation of law; and/or if we cause tangible property damage, personal injury or death. The term of any such indemnification agreement is generally perpetual after execution of the agreement. The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited; however, we have never incurred material costs to defend lawsuits or settle claims related to these indemnification agreements. In addition, in the event of a legal action, we have purchased insurance that could limit our exposure, depending upon the details of the claim and the coverage provided. As a result, our estimated fair value of these agreements is minimal. We do not have significant liabilities recorded for these agreements as of December 31, 2023. We enter into arrangements with certain business partners, whereby the business partner agrees to provide services as a subcontractor for our installations. Accordingly, we enter into standard indemnification agreements with our customers, whereby we indemnify them for certain acts, such as personal property damage, by our subcontractors. The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited; however, we have never incurred material costs to defend lawsuits or settle claims related to these indemnification agreements. In addition, in the event of a legal action, we have purchased insurance that could limit our exposure, depending upon the details of the claim and the coverage provided. As a result, our estimated fair value of these agreements is minimal. We do not have significant liabilities recorded for these agreements as of December 31, 2023. We have service level commitment obligations to certain of our customers. As a result, service interruptions or significant equipment damage in our IBX data centers, whether or not within our control, could result in obligations to these customers. While we have purchased insurance that could limit our exposure, our liability insurance may not be adequate to cover those expenses. In addition, any loss of service, equipment damage or inability to meet our service level commitment obligations could reduce the confidence our customers have in us, and could consequently impair our ability to obtain and retain customers, which would adversely affect both our ability to generate revenues and our operating results. We generally have the ability to determine such service level credits prior to the associated revenue being recognized. We do not have significant liabilities in connection with service level credits as of December 31, 2023.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Joint Venture Related Party Transactions We have lease arrangements and provide various services to the EMEA 1 Joint Venture and the VIE Joint Ventures (collectively, the "Joint Ventures") through multiple agreements, including sales and marketing, development management, facilities management, and asset management. These transactions are generally considered to have been negotiated at arm's length. The following table presents the revenues and expenses from these arrangements with the Joint Ventures in our consolidated statements of operations (in thousands): Years Ended December 31, Related Party Nature of Transaction 2023 2022 2021 EMEA 1 Joint Venture Revenues $ 28,962 $ 39,065 $ 42,387 EMEA 1 Joint Venture Expenses (1) 16,900 7,686 8,303 VIE Joint Ventures (2) Revenues 106,665 40,284 28,320 (1) Balances primarily consist of rent expenses for a 15-year sub-lease agreement with the EMEA 1 Joint Venture for a London data center. (2) Expenses from transactions with VIE Joint Ventures were insignificant for the years ended December 31, 2023, 2022 and 2021. The following table presents the assets and liabilities from related party transactions with the Joint Ventures in our consolidated balance sheets (in thousands): As of December 31, Related Party Balance Sheet 2023 2022 EMEA 1 Joint Venture Accounts receivable, net $ 18,946 $ 25,717 Other current assets (1) 19,099 55,473 Property, plant and equipment, net (2) 97,436 100,968 Operating lease right-of-use assets 1,921 — Other current liabilities 9,182 1,857 Finance lease liabilities 110,677 108,603 Operating lease liabilities 1,954 — Other liabilities (3) 50,002 33,773 VIE Joint Ventures Accounts receivable, net 23,020 14,076 Other current assets (1) 42,829 11,140 Property, plant and equipment, net (2) 72,113 — Operating lease right-of-use assets 1,788 — Other assets (1) 20,624 — Other current liabilities 5,774 — Finance lease liabilities 75,061 — Operating lease liabilities 1,700 — (1) The balance primarily relates to contract assets and other receivables. (2) The balance relates to finance lease right-of-use assets. (3) 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. We have also sold certain data center facilities to our Joint Ventures and recognized gains or losses on asset sales; for more information refer to Note 5 above. Other Related Party Transactions We have several significant stockholders and other related parties that are also customers and/or vendors. Our activity of other related party transactions was as follows (in thousands): Years ended December 31, 2023 2022 2021 Revenues $ 309,509 $ 236,464 $ 140,947 Costs and services 37,945 58,932 5,337 As of December 31, 2023 2022 Accounts receivable, net $ 33,405 $ 25,990 Accounts payable 45 665

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information While we have one primary line of business, which is the design, build-out and operation of IBX data centers, we have determined that we have three reportable segments comprised of our Americas, EMEA and Asia-Pacific geographic regions. Our chief operating decision-maker evaluates performance, makes operating decisions and allocates resources based on our revenues and adjusted EBITDA, both on a consolidated basis and based on these three reportable segments. Intercompany transactions between segments are excluded for management reporting purposes. The following tables present revenue information disaggregated by product lines and geographic areas (in thousands): Year Ended December 31, 2023 Americas EMEA Asia-Pacific Total Colocation (1) $ 2,365,049 $ 2,112,168 $ 1,288,844 $ 5,766,061 Interconnection 820,007 307,337 266,966 1,394,310 Managed infrastructure 249,779 130,061 71,833 451,673 Other (1) 22,118 98,591 11,978 132,687 Recurring revenues 3,456,953 2,648,157 1,639,621 7,744,731 Non-recurring revenues 160,539 189,697 93,169 443,405 Total $ 3,617,492 $ 2,837,854 $ 1,732,790 $ 8,188,136 (1) Includes some leasing and hedging activities. Year Ended December 31, 2022 Americas EMEA Asia-Pacific Total Colocation (1) $ 2,187,751 $ 1,744,121 $ 1,150,738 $ 5,082,610 Interconnection 756,214 268,398 243,664 1,268,276 Managed infrastructure 218,499 119,361 77,646 415,506 Other (1) 20,727 75,449 8,719 104,895 Recurring revenues 3,183,191 2,207,329 1,480,767 6,871,287 Non-recurring revenues 166,026 135,875 89,917 391,818 Total $ 3,349,217 $ 2,343,204 $ 1,570,684 $ 7,263,105 (1) Includes some leasing and hedging activities. Year Ended December 31, 2021 Americas EMEA Asia-Pacific Total Colocation (1) $ 2,002,253 $ 1,597,830 $ 1,042,131 $ 4,642,214 Interconnection 678,677 259,538 223,287 1,161,502 Managed infrastructure 168,577 124,937 87,343 380,857 Other (1) 12,430 19,626 3,856 35,912 Recurring revenues 2,861,937 2,001,931 1,356,617 6,220,485 Non-recurring revenues 159,814 153,285 101,953 415,052 Total $ 3,021,751 $ 2,155,216 $ 1,458,570 $ 6,635,537 (1) Includes some leasing and hedging activities. Total revenues attributed to the U.S. were $3.1 billion, $2.9 billion and $2.6 billion for the year ended December 31, 2023, 2022, and 2021, respectively. For the year ended December 31, 2023, we derived revenues of $821.9 million from the United Kingdom, which is the only country outside of the U.S. from which we derived revenues that exceeded 10% of our total revenues. There was no country outside of the U.S. from which we derived revenues that exceeded 10% of revenues for the years ended December 31, 2022 and 2021. No single customer accounted for 10% or greater of our accounts receivable or revenues for the years ended December 31, 2023, 2022, and 2021. We define adjusted EBITDA as net income excluding income tax expense, interest income, interest expense, other income or expense, gain or loss on debt extinguishment, depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, transaction costs and gain or loss on asset sales as presented below for the years ended December 31 (in thousands): 2023 2022 2021 Adjusted EBITDA: Americas $ 1,613,696 $ 1,521,775 $ 1,326,460 EMEA 1,251,276 1,109,502 1,033,333 Asia-Pacific 836,869 738,423 784,591 Total adjusted EBITDA 3,701,841 3,369,700 3,144,384 Depreciation, amortization and accretion expense (1,843,665) (1,739,374) (1,660,524) Stock-based compensation expense (407,536) (403,983) (363,774) Transaction costs (12,412) (21,839) (22,769) Gain (loss) on asset sales 5,046 (3,976) 10,845 Interest income 94,227 36,268 2,644 Interest expense (402,022) (356,337) (336,082) Other expense (11,214) (51,417) (50,647) Gain (loss) on debt extinguishment (35) 327 (115,125) Income before income taxes $ 1,124,230 $ 829,369 $ 608,952 We also provide the following segment disclosures related to our operations as follows for the years ended December 31 (in thousands): 2023 2022 2021 Depreciation and amortization: Americas $ 1,000,976 $ 931,357 $ 865,910 EMEA 499,888 458,156 455,651 Asia-Pacific 344,274 346,695 334,729 Total $ 1,845,138 $ 1,736,208 $ 1,656,290 Capital expenditures: Americas $ 1,626,953 $ 1,139,309 $ 970,217 EMEA 717,471 750,569 1,049,279 Asia-Pacific 436,594 388,126 732,016 Total $ 2,781,018 $ 2,278,004 $ 2,751,512 Our long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, are located in the following geographic areas as of December 31 (in thousands): 2023 2022 Americas (1) $ 8,610,354 $ 7,532,125 EMEA 6,321,164 5,577,498 Asia-Pacific 3,669,315 3,539,911 Total Property, plant and equipment, net $ 18,600,833 $ 16,649,534 (1) Includes $6.7 billion and $6.0 billion, respectively, of property, plant and equipment, net attributed to the U.S. as of December 31, 2023 and 2022. 2023 2022 Americas (1) $ 421,268 $ 263,148 EMEA 367,865 440,139 Asia-Pacific 659,757 724,663 Total Operating lease right-of-use assets $ 1,448,890 $ 1,427,950 (1) Includes $398.3 million and $244.7 million of operating lease ROU assets attributed to the U.S. as of December 31, 2023 and 2022, respectively.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Declaration of dividends On February 14, 2024, we declared a quarterly cash dividend of $4.26 per share, which is payable on March 20, 2024 to our common stockholders of record as of the close of business on February 28, 2024.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	As of December 31, 2023 (in thousands) Initial Costs to Company (1) Costs Capitalized Subsequent to Acquisition or Lease Total Costs Encumbrances Land Buildings and Improvements (2) Land Buildings and Improvements (2) Land Buildings and Improvements (2) Accumulated Depreciation (3) Date of Acquisition or Lease (4) Americas: AT1 ATLANTA (METRO) $— $— $— $— $300,175 $— $300,175 $(103,704) 2010 AT2 ATLANTA (METRO) — — — — 38,430 — 38,430 (35,078) 2010 AT3 ATLANTA (METRO) — — — — 4,246 — 4,246 (3,903) 2010 AT4 ATLANTA (METRO) — 5,400 20,209 — 31,444 5,400 51,653 (20,036) 2017 AT5 ATLANTA (METRO) — — 5,011 — 1,257 — 6,268 (5,791) 2017 BG1 BOGOTÁ (METRO), COLOMBIA — — 8,779 773 8,396 773 17,175 (7,557) 2017 BG2 BOGOTÁ (METRO), COLOMBIA — 3,970 — 999 46,369 4,969 46,369 (1,166) 2021 BO2 BOSTON (METRO) — 2,500 30,383 — 38,773 2,500 69,156 (22,390) 2017 CH1 CHICAGO (METRO) — — — — 113,488 — 113,488 (86,977) 1999 CH2 CHICAGO (METRO) — — — — 65,322 — 65,322 (36,885) 2005 CH3 CHICAGO (METRO) — 9,759 — 351 352,661 10,110 352,661 (171,851) 2006 CH4 CHICAGO (METRO) — — — — 147,771 — 147,771 (22,050) 2009 CH7 CHICAGO (METRO) — 670 10,564 — 10,299 670 20,863 (7,985) 2017 CL1 CALGARY (METRO), CANADA — — 11,572 — 5,838 — 17,410 (8,030) 2020 CL2 CALGARY (METRO), CANADA — — 14,145 — 6,655 — 20,800 (9,015) 2020 CL3 CALGARY (METRO), CANADA — 7,747 69,334 178 59,905 7,925 129,239 (19,854) 2020 CU1 CULPEPER (METRO) — 1,019 37,581 — 6,879 1,019 44,460 (22,336) 2017 CU2 CULPEPER (METRO) — 1,244 48,000 — 14,135 1,244 62,135 (25,610) 2017 CU3 CULPEPER (METRO) — 1,088 37,387 — 15,879 1,088 53,266 (19,403) 2017 CU4 CULPEPER (METRO) — 1,372 27,832 — 37,810 1,372 65,642 (18,715) 2017 DA1 DALLAS (METRO) — — — — 71,277 — 71,277 (44,160) 2000 DA2 DALLAS (METRO) — — — — 83,289 — 83,289 (40,250) 2010 DA3 DALLAS (METRO) — — — — 99,240 — 99,240 (49,947) 2010 DA4 DALLAS (METRO) — — — — 17,125 — 17,125 (11,452) 2010 DA6 DALLAS (METRO) — — 20,522 — 193,753 — 214,275 (69,284) 2012 DA7 DALLAS (METRO) — — — — 32,192 — 32,192 (22,362) 2015 DA9 DALLAS (METRO) — 610 15,398 — 7,676 610 23,074 (9,731) 2017 DA11 DALLAS (METRO) — — — — 290,066 — 290,066 (41,193) 2018 INFOMART BUILDING DALLAS (METRO) — 24,380 337,643 3,293 31,160 27,673 368,803 (63,337) 2018 DC1 WASHINGTON, DC (METRO) — — — — 6,251 — 6,251 (3,232) 1999 DC2 WASHINGTON, DC (METRO) — — — 5,047 138,769 5,047 138,769 (99,260) 1999 DC3 WASHINGTON, DC (METRO) — — 37,451 — 53,692 — 91,143 (59,791) 2004 DC4 WASHINGTON, DC (METRO) — 1,906 7,272 — 58,171 1,906 65,443 (46,653) 2005 Initial Costs to Company (1) Costs Capitalized Subsequent to Acquisition or Lease Total Costs Encumbrances Land Buildings and Improvements (2) Land Buildings and Improvements (2) Land Buildings and Improvements (2) Accumulated Depreciation (3) Date of Acquisition or Lease (4) DC5 WASHINGTON, DC (METRO) — 1,429 4,983 — 68,574 1,429 73,557 (50,275) 2005 DC6 WASHINGTON, DC (METRO) — 1,429 5,082 — 94,331 1,429 99,413 (63,053) 2005 DC7 WASHINGTON, DC (METRO) — — — — 18,463 — 18,463 (15,775) 2010 DC10 WASHINGTON, DC (METRO) — — 44,601 — 72,000 — 116,601 (101,303) 2011 DC11 WASHINGTON, DC (METRO) — 1,429 5,082 — 188,680 1,429 193,762 (88,673) 2005 DC12 WASHINGTON, DC (METRO) — — 101,783 — 83,608 — 185,391 (57,719) 2017 DC13 WASHINGTON, DC (METRO) — 5,500 25,423 — 35,100 5,500 60,523 (24,532) 2017 DC14 WASHINGTON, DC (METRO) — 2,560 33,511 — 16,591 2,560 50,102 (18,339) 2017 DC15 WASHINGTON, DC (METRO) — 1,965 — 1,964 195,790 3,929 195,790 (33,908) 2018 DC16 WASHINGTON, DC (METRO) — — — — 212,445 — 212,445 (669) 2022 DC21 WASHINGTON, DC (METRO) — 1,507 — — 195,152 1,507 195,152 (23,809) 2019 DC97 WASHINGTON, DC (METRO) — — 2,021 — 1,977 — 3,998 (2,102) 2017 DE1 DENVER (METRO) — — — — 9,923 — 9,923 (9,081) 2010 DE2 DENVER (METRO) — 5,240 23,053 — 35,233 5,240 58,286 (22,774) 2017 HO1 HOUSTON (METRO) — 1,440 23,780 — 34,618 1,440 58,398 (22,169) 2017 KA1 KAMLOOPS (METRO), CANADA — 2,929 46,983 67 30,301 2,996 77,284 (12,121) 2020 LA1 LOS ANGELES (METRO) — — — — 112,152 — 112,152 (83,432) 1999 LA2 LOS ANGELES (METRO) — — — — 10,697 — 10,697 (9,962) 2000 LA3 LOS ANGELES (METRO) — — 34,727 3,959 20,125 3,959 54,852 (45,021) 2005 LA4 LOS ANGELES (METRO) — 19,333 137,630 — 86,651 19,333 224,281 (121,418) 2009 LA7 LOS ANGELES (METRO) — 7,800 33,621 — 56,961 7,800 90,582 (25,110) 2017 LM1 LIMA (METRO), PERU — 4,589 8,835 234 3,239 4,823 12,074 (1,121) 2022 MI1 MIAMI (METRO) — 18,920 127,194 — 162,245 18,920 289,439 (102,259) 2017 MI2 MIAMI (METRO) — — — — 22,690 — 22,690 (17,194) 2010 MI3 MIAMI (METRO) — — — — 35,120 — 35,120 (24,445) 2012 MI6 MIAMI (METRO) — 4,750 23,017 — 11,124 4,750 34,141 (16,025) 2017 MO1 MONTERREY (METRO), MEXICO — — 2,572 — 5,133 — 7,705 (2,509) 2020 MT1 MONTREAL (METRO), CANADA (5) — — 76,932 34,900 (19,783) 34,900 57,149 (25,952) 2020 MT2 MONTREAL (METRO), CANADA — 2,800 58,183 64 42,860 2,864 101,043 (7,932) 2022 MX1 MEXICO CITY (METRO), MEXICO — 1,090 53,980 — 38,486 1,090 92,466 (18,016) 2020 MX2 MEXICO CITY (METRO), MEXICO — 1,090 16,061 — 107,676 1,090 123,737 (8,347) 2020 NY1 NEW YORK (METRO) — — — — 72,522 — 72,522 (52,516) 1999 NY2 NEW YORK (METRO) — — — 17,859 207,183 17,859 207,183 (139,796) 2000 NY3 NEW YORK (METRO) — — 38,484 308,715 38,484 308,715 (5,840) 2022 NY4 NEW YORK (METRO) — — — — 375,023 — 375,023 (231,647) 2006 NY5 NEW YORK (METRO) — — — — 305,730 — 305,730 (129,148) 2010 NY6 NEW YORK (METRO) — — — — 102,886 — 102,886 (28,463) 2010 NY7 NEW YORK (METRO) — — 24,660 — 161,202 — 185,862 (144,791) 2010 Initial Costs to Company (1) Costs Capitalized Subsequent to Acquisition or Lease Total Costs Encumbrances Land Buildings and Improvements (2) Land Buildings and Improvements (2) Land Buildings and Improvements (2) Accumulated Depreciation (3) Date of Acquisition or Lease (4) NY9 NEW YORK (METRO) — — — — 49,925 — 49,925 (43,174) 2010 NY11 NEW YORK (METRO) — 2,050 58,717 — 118,375 2,050 177,092 (36,482) 2017 NY13 NEW YORK (METRO) — — 31,603 8,300 7,184 8,300 38,787 (22,754) 2017 OT1 OTTAWA (METRO), CANADA — 1,549 39,128 36 6,073 1,585 45,201 (9,742) 2020 PH1 PHILADELPHIA (METRO) — — — — 45,035 — 45,035 (26,000) 2010 RJ1 RIO DE JANEIRO (METRO), BRAZIL — — — — 23,444 — 23,444 (20,011) 2011 RJ2 RIO DE JANEIRO (METRO), BRAZIL — — 2,012 1,356 110,811 1,356 112,823 (32,331) 2012 SE2 SEATTLE (METRO) — — — — 31,288 — 31,288 (27,823) 2010 SE3 SEATTLE (METRO) — — 1,760 — 101,101 — 102,861 (76,313) 2011 SE4 SEATTLE (METRO) — 4,000 12,903 — 75,887 4,000 88,790 (18,910) 2017 SJ1 SAINT JOHN (METRO), CANADA — 159 14,276 3 2,579 162 16,855 (3,748) 2020 SP1 SÃO PAULO (METRO), BRAZIL — — 10,188 — 32,079 — 42,267 (26,170) 2011 SP2 SÃO PAULO (METRO), BRAZIL — — — 3,300 60,520 3,300 60,520 (43,359) 2011 SP3 SÃO PAULO (METRO), BRAZIL — 7,222 72,997 1,071 147,465 8,293 220,462 (74,396) 2017 SP4 SÃO PAULO (METRO), BRAZIL — — 22,027 7,320 110,177 7,320 132,204 (38,213) 2017 ST1 SANTIAGO (METRO), CHILE — 2,029 24,552 — 10,392 2,029 34,944 (3,845) 2022 ST2 SANTIAGO (METRO), CHILE — 2,029 11,736 — 18,151 2,029 29,887 (1,719) 2022 ST3 SANTIAGO (METRO), CHILE — 1,467 10,341 — 6,485 1,467 16,826 (2,732) 2022 ST4 SANTIAGO (METRO), CHILE — 78 4,679 — 3,388 78 8,067 (1,008) 2022 SV1 SILICON VALLEY (METRO) — — — 15,545 149,163 15,545 149,163 (108,305) 1999 SV2 SILICON VALLEY (METRO) — — — — 158,306 — 158,306 (111,696) 2003 SV3 SILICON VALLEY (METRO) — — — — 77,613 — 77,613 (47,217) 1999 SV4 SILICON VALLEY (METRO) — — — — 111,181 — 111,181 (36,131) 2005 SV5 SILICON VALLEY (METRO) — 6,238 98,991 — 107,793 6,238 206,784 (108,994) 2010 SV8 SILICON VALLEY (METRO) — — — — 157,710 — 157,710 (54,403) 2010 SV10 SILICON VALLEY (METRO) — 12,646 123,594 — 98,625 12,646 222,219 (65,680) 2017 SV11 SILICON VALLEY (METRO) — — — — 213,427 — 213,427 (17,874) 2019 SV12 SILICON VALLEY (METRO) — 20,313 — — 239,279 20,313 239,279 — 2015 SV14 SILICON VALLEY (METRO) — 3,638 5,503 — 3,901 3,638 9,404 (4,359) 2017 SV15 SILICON VALLEY (METRO) — 7,651 23,060 — 17,651 7,651 40,711 (18,586) 2017 SV16 SILICON VALLEY (METRO) — 4,271 15,018 — 7,333 4,271 22,351 (10,206) 2017 SV17 SILICON VALLEY (METRO) — — 17,493 — 2,693 — 20,186 (17,480) 2017 TR1 TORONTO (METRO), CANADA — — — — 86,073 — 86,073 (39,499) 2010 TR2 TORONTO (METRO), CANADA — — 21,113 102,149 159,693 102,149 180,806 (47,009) 2015 TR4 TORONTO (METRO), CANADA — — 13,985 — 5,380 — 19,365 (11,831) 2020 TR5 MARKHAM (METRO), CANADA — — 24,913 — 3,407 — 28,320 (13,134) 2020 TR6 BRAMPTON (METRO), CANADA — 9,386 58,704 2,735 43,646 12,121 102,350 (12,486) 2020 TR7 BRAMPTON (METRO), CANADA — 9,193 71,966 211 32,025 9,404 103,991 (25,620) 2020 Initial Costs to Company (1) Costs Capitalized Subsequent to Acquisition or Lease Total Costs Encumbrances Land Buildings and Improvements (2) Land Buildings and Improvements (2) Land Buildings and Improvements (2) Accumulated Depreciation (3) Date of Acquisition or Lease (4) VA1 BURNABY (METRO), CANADA — — 4,668 — 6,611 — 11,279 (3,350) 2020 WI1 WINNIPEG (METRO), CANADA — — 57,234 — 7,330 — 64,564 (6,626) 2020 OTHERS (6) — 94,931 50,135 12,070 132,175 107,001 182,310 (21,058) Various EMEA: AB1 ABIDJAN (METRO), CÔTE D'IVOIRE — 29 1,182 — 3,345 29 4,527 (542) 2022 AC1 ACCRA (METRO), GHANA — 129 798 — 6,944 129 7,742 (1,251) 2022 AD1 ABU DHABI (METRO), UNITED ARAB EMIRATES — — — — 76,046 — 76,046 (27,113) 2017 AM1 AMSTERDAM (METRO), THE NETHERLANDS — — — — 93,561 — 93,561 (57,800) 2008 AM2 AMSTERDAM (METRO), THE NETHERLANDS — — — — 85,209 — 85,209 (39,568) 2008 AM3 AMSTERDAM (METRO), THE NETHERLANDS — — 27,099 — 132,018 — 159,117 (80,105) 2011 AM4 AMSTERDAM (METRO), THE NETHERLANDS — — — — 218,587 — 218,587 (57,877) 2016 AM5 AMSTERDAM (METRO), THE NETHERLANDS — — 92,199 — 15,868 — 108,067 (46,049) 2016 AM6 AMSTERDAM (METRO), THE NETHERLANDS — 6,616 50,876 324 108,782 6,940 159,658 (49,561) 2016 AM7 AMSTERDAM (METRO), THE NETHERLANDS — — 7,397 — 155,382 — 162,779 (43,541) 2016 AM8 AMSTERDAM (METRO), THE NETHERLANDS — — — — 12,782 — 12,782 (7,728) 2016 AM11 AMSTERDAM (METRO), THE NETHERLANDS — — 6,405 404 13,374 404 19,779 (5,729) 2019 BA1 BARCELONA (METRO), SPAIN — — 9,443 — 28,508 — 37,951 (21,224) 2017 BX1 BORDEAUX (METRO), FRANCE — 1,912 3,507 61 88,524 1,973 92,031 (3,328) 2020 DB1 DUBLIN (METRO), IRELAND — — — 3,312 27,125 3,312 27,125 (5,251) 2016 DB2 DUBLIN (METRO), IRELAND — — 12,460 — 14,020 — 26,480 (15,253) 2016 DB3 DUBLIN (METRO), IRELAND — 3,334 54,387 163 26,437 3,497 80,824 (32,194) 2016 DB4 DUBLIN (METRO), IRELAND — — 26,875 — 20,818 — 47,693 (14,983) 2016 DU1 DÜSSELDORF (METRO), GERMANY — — — 7,988 35,766 7,988 35,766 (19,657) 2000 DX1 DUBAI (METRO), UNITED ARAB EMIRATES — — — — 95,856 — 95,856 (58,155) 2008 DX2 DUBAI (METRO), UNITED ARAB EMIRATES — — — — 699 — 699 (504) 2017 DX3 DUBAI (METRO), UNITED ARAB EMIRATES — 6,738 — — 61,501 6,738 61,501 (2,002) 2020 EN1 ENSCHEDE (METRO), THE NETHERLANDS — — — — 37,849 — 37,849 (24,323) 2008 FR2 FRANKFURT (METRO), GERMANY — — — 20,208 589,421 20,208 589,421 (207,199) 2007 Initial Costs to Company (1) Costs Capitalized Subsequent to Acquisition or Lease Total Costs Encumbrances Land Buildings and Improvements (2) Land Buildings and Improvements (2) Land Buildings and Improvements (2) Accumulated Depreciation (3) Date of Acquisition or Lease (4) FR4 FRANKFURT (METRO), GERMANY — 11,578 9,307 567 106,344 12,145 115,651 (49,681) 2009 FR5 FRANKFURT (METRO), GERMANY 30,310 — — 13,783 264,846 13,783 264,846 (77,921) 2012 FR6 FRANKFURT (METRO), GERMANY — — — — 140,029 — 140,029 (49,162) 2016 FR7 FRANKFURT (METRO), GERMANY — — 43,634 — 50,278 — 93,912 (43,283) 2016 FR8 FRANKFURT (METRO), GERMANY — 19,202 58,199 614 111,060 19,816 169,259 (12,475) 2020 FR13 FRANKFURT (METRO), GERMANY — — — — 100,329 — 100,329 (877) 2021 GN1 GENOA (METRO), ITALY — — 1,988 — 21,277 — 23,265 (1,605) 2020 GV1 GENEVA (METRO), SWITZERLAND — — — — 30,163 — 30,163 (17,140) 2004 GV2 GENEVA (METRO), SWITZERLAND — — — — 88,361 — 88,361 (32,500) 2009 HE3 HELSINKI (METRO), FINLAND — — — — 16,129 — 16,129 (10,810) 2016 HE4 HELSINKI (METRO), FINLAND — — 29,092 — 7,681 — 36,773 (26,564) 2016 HE5 HELSINKI (METRO), FINLAND — — 7,564 — 22,057 — 29,621 (11,143) 2016 HE6 HELSINKI (METRO), FINLAND — — 17,204 1,546 38,606 1,546 55,810 (21,517) 2016 HE7 HELSINKI (METRO), FINLAND — 7,348 6,946 885 69,131 8,233 76,077 (12,845) 2018 HH1 HAMBURG (METRO), GERMANY 3,612 5,360 483 58,637 4,095 63,997 (10,094) 2018 IL2 ISTANBUL (METRO), TURKEY — 14,460 39,289 — 79,350 14,460 118,639 (19,127) 2017 LD3 LONDON (METRO), UNITED KINGDOM — — — — 18,606 — 18,606 (15,857) 2000 LD4 LONDON (METRO), UNITED KINGDOM — — 23,044 — 158,022 — 181,066 (76,607) 2007 LD5 LONDON (METRO), UNITED KINGDOM — — 16,412 — 197,576 — 213,988 (114,318) 2010 LD6 LONDON (METRO), UNITED KINGDOM — — — — 152,992 — 152,992 (59,666) 2013 LD7 LONDON (METRO), UNITED KINGDOM — — — 2,196 295,562 2,196 295,562 (43,187) 2018 LD8 LONDON (METRO), UNITED KINGDOM — — 107,544 58,670 222,837 58,670 330,381 (62,036) 2016 LD9 LONDON (METRO), UNITED KINGDOM — — 181,431 — 218,696 — 400,127 (129,866) 2016 LD10 LONDON (METRO), UNITED KINGDOM — — 40,251 — 131,954 — 172,205 (40,277) 2017 LG1 & LG2 LAGOS (METRO), NIGERIA — 1,515 12,470 1,506 55,638 3,021 68,108 (7,821) 2022 LS1 LISBON (METRO), PORTUGAL — — 7,374 3,412 33,169 3,412 40,543 (7,645) 2017 MA1 MANCHESTER (METRO), UNITED KINGDOM — — — — 19,480 — 19,480 (10,939) 2016 MA2 MANCHESTER (METRO), UNITED KINGDOM — — — — 9,719 — 9,719 (9,649) 2016 MA3 MANCHESTER (METRO), UNITED KINGDOM — — 44,931 — 22,738 — 67,669 (35,734) 2016 MA4 MANCHESTER (METRO), UNITED KINGDOM — — 6,697 — 10,250 — 16,947 (10,188) 2016 MA5 MANCHESTER (METRO), UNITED KINGDOM — 3,671 6,874 200 119,014 3,871 125,888 (7,458) 2020 MD1 MADRID (METRO), SPAIN — — 7,917 — 9,439 — 17,356 (8,310) 2017 MD2 MADRID (METRO), SPAIN — — 40,952 — 101,937 — 142,889 (60,071) 2017 MD6 MADRID (METRO), SPAIN — — — — 43,536 — 43,536 (1,008) 2022 ML2 MILAN (METRO), ITALY — — — — 27,127 — 27,127 (21,065) 2016 Initial Costs to Company (1) Costs Capitalized Subsequent to Acquisition or Lease Total Costs Encumbrances Land Buildings and Improvements (2) Land Buildings and Improvements (2) Land Buildings and Improvements (2) Accumulated Depreciation (3) Date of Acquisition or Lease (4) ML3 MILAN (METRO), ITALY — — — 3,507 47,039 3,507 47,039 (18,657) 2016 ML5 MILAN (METRO), ITALY — 6,479 20,952 207 105,489 6,686 126,441 (10,275) 2019 MU1 MUNICH (METRO), GERMANY — — — — 38,363 — 38,363 (21,912) 2007 MU3 MUNICH (METRO), GERMANY — — — — 6,377 — 6,377 (3,749) 2010 MU4 MUNICH (METRO), GERMANY 11,398 35,120 365 88,465 11,763 123,585 (7,936) 2020 PA2 & PA3 PARIS (METRO), FRANCE — — 29,615 22,899 326,841 22,899 356,456 (157,346) 2007 PA4 PARIS (METRO), FRANCE — 1,524 9,503 49 242,442 1,573 251,945 (107,282) 2011 PA5 PARIS (METRO), FRANCE — — 16,554 — 11,485 — 28,039 (11,524) 2016 PA6 PARIS (METRO), FRANCE — — — — 93,400 — 93,400 (46,526) 2016 PA7 PARIS (METRO), FRANCE — — — — 30,314 — 30,314 (18,779) 2016 PA10 PARIS (METRO), FRANCE — — — — 162,823 — 162,823 (6,411) 2021 SK1 STOCKHOLM, (METRO), SWEDEN — — 15,495 — 77,043 — 92,538 (19,589) 2016 SK2 STOCKHOLM, (METRO), SWEDEN — — 80,148 3,511 75,262 3,511 155,410 (53,495) 2016 SK3 STOCKHOLM, (METRO), SWEDEN — — — — 27,118 — 27,118 (9,757) 2016 SO1 SOFIA (METRO), BULGARIA — — 5,236 — 4,752 — 9,988 (4,596) 2016 SO2 SOFIA (METRO), BULGARIA — 2,592 — 84 27,614 2,676 27,614 (4,076) 2017 WA1 WARSAW (METRO), POLAND — — 5,950 — 27,308 — 33,258 (15,725) 2016 WA2 WARSAW (METRO), POLAND — — 4,709 — 11,259 — 15,968 (8,208) 2016 WA3 WARSAW (METRO), POLAND — 2,443 — 270 68,207 2,713 68,207 (8,970) 2017 ZH2 ZURICH (METRO), SWITZERLAND — — — — 6,284 — 6,284 (5,080) 2002 ZH4 ZURICH (METRO), SWITZERLAND — — 11,284 — 54,608 — 65,892 (37,531) 2009 ZH5 ZURICH (METRO), SWITZERLAND — — — 8,751 269,301 8,751 269,301 (58,900) 2009 ZW1 ZWOLLE (METRO), THE NETHERLANDS — — — — 10,991 — 10,991 (9,862) 2008 OTHERS (5) — 64,406 18,309 254,745 284,940 319,151 303,249 (34,247) Various Asia-Pacific: AE1 ADELAIDE (METRO), AUSTRALIA — 2,574 1,015 1 2,892 2,575 3,907 (1,381) 2018 BR1 BRISBANE (METRO), AUSTRALIA — 3,064 1,053 1 3,915 3,065 4,968 (1,463) 2018 CA1 CANBERRA (METRO), AUSTRALIA — — 18,410 — 7,243 — 25,653 (5,349) 2018 HK1 HONG KONG (METRO), CHINA — — — — 329,339 — 329,339 (142,380) 2003 HK2 HONG KONG (METRO), CHINA — — — — 245,163 — 245,163 (197,192) 2010 HK3 HONG KONG (METRO), CHINA — — — — 187,505 — 187,505 (112,150) 2012 HK4 HONG KONG (METRO), CHINA — — — — 98,536 — 98,536 (43,765) 2012 HK5 HONG KONG (METRO), CHINA — — 70,002 — 44,430 — 114,432 (40,179) 2017 KL1 KUALA LUMPUR (METRO), MALAYSIA — — 30,588 — 6,653 — 37,241 (340) 2023 MB1 MUMBAI (METRO), INDIA — 512 28,457 — 4,353 512 32,810 (6,121) 2021 MB2 MUMBAI (METRO), INDIA — — 56,725 — 2,590 — 59,315 (11,037) 2021 ME1 MELBOURNE (METRO), AUSTRALIA — 14,478 — 4 95,733 14,482 95,733 (37,498) 2013 Initial Costs to Company (1) Costs Capitalized Subsequent to Acquisition or Lease Total Costs Encumbrances Land Buildings and Improvements (2) Land Buildings and Improvements (2) Land Buildings and Improvements (2) Accumulated Depreciation (3) Date of Acquisition or Lease (4) ME2 MELBOURNE (METRO), AUSTRALIA — — — — 130,431 — 130,431 (17,128) 2018 ME4 MELBOURNE (METRO), AUSTRALIA — 3,322 84,175 2 11,536 3,324 95,711 (34,714) 2018 ME5 MELBOURNE (METRO), AUSTRALIA — 6,455 4,094 2 6,672 6,457 10,766 (4,051) 2018 OS1 OSAKA (METRO), JAPAN — — 14,876 — 88,568 — 103,444 (49,447) 2013 OS3 OSAKA (METRO), JAPAN — — — — 203,479 — 203,479 (32,011) 2020 PE1 PERTH (METRO), AUSTRALIA — 1,307 1,337 1 2,644 1,308 3,981 (963) 2018 PE2 PERTH (METRO), AUSTRALIA — — 16,327 — 17,021 — 33,348 (12,479) 2018 PE3 PERTH (METRO), AUSTRALIA — — — — 58,853 — 58,853 (7,832) 2020 SG1 SINGAPORE (METRO) — — — — 315,051 — 315,051 (161,423) 2003 SG2 SINGAPORE (METRO) — — — — 354,690 — 354,690 (262,338) 2008 SG3 SINGAPORE (METRO) — — 34,844 — 253,945 — 288,789 (103,538) 2013 SG4 SINGAPORE (METRO) — — 54,602 — 165,637 — 220,239 (46,728) 2019 SG5 SINGAPORE (METRO) — — — — 355,955 — 355,955 (40,381) 2019 SH2 SHANGHAI (METRO), CHINA — — — — 7,849 — 7,849 (5,071) 2012 SH3 SHANGHAI (METRO), CHINA — — 7,066 — 14,582 — 21,648 (8,818) 2012 SH5 SHANGHAI (METRO), CHINA — — 11,284 — 23,821 — 35,105 (20,132) 2012 SH6 SHANGHAI (METRO), CHINA — — 16,545 — 34,795 — 51,340 (11,699) 2017 SL1 SEOUL (METRO), SOUTH KOREA — — 29,236 — 37,118 — 66,354 (26,027) 2019 SY1 SYDNEY (METRO), AUSTRALIA — — — 80,708 39,254 80,708 39,254 (25,974) 2003 SY2 SYDNEY (METRO), AUSTRALIA — — 3,080 — 26,599 — 29,679 (24,002) 2008 SY3 SYDNEY (METRO), AUSTRALIA — — 8,712 — 145,023 — 153,735 (100,107) 2010 SY4 SYDNEY (METRO), AUSTRALIA — — — — 179,656 — 179,656 (77,977) 2014 SY5 SYDNEY (METRO), AUSTRALIA — 79,613 — 24 344,617 79,637 344,617 (35,764) 2018 SY6 SYDNEY (METRO), AUSTRALIA — 8,593 64,197 2 44,930 8,595 109,127 (20,257) 2018 SY7 SYDNEY (METRO), AUSTRALIA — 2,662 47,350 1 5,364 2,663 52,714 (13,174) 2018 TY1 TOKYO (METRO), JAPAN — — — — 31,286 — 31,286 (20,952) 2000 TY2 TOKYO (METRO), JAPAN — — — — 98,184 — 98,184 (56,440) 2006 TY3 TOKYO (METRO), JAPAN — — — — 62,391 — 62,391 (41,277) 2010 TY4 TOKYO (METRO), JAPAN — — — — 68,468 — 68,468 (38,121) 2012 TY5 TOKYO (METRO), JAPAN — — 102 — 55,792 — 55,894 (23,841) 2014 TY6 TOKYO (METRO), JAPAN — — 37,941 — 11,491 — 49,432 (40,194) 2015 TY7 TOKYO (METRO), JAPAN — — 13,175 — 9,083 — 22,258 (16,384) 2015 TY8 TOKYO (METRO), JAPAN — — 53,848 — 10,201 — 64,049 (32,423) 2015 TY9 TOKYO (METRO), JAPAN — — 106,710 — 2,494 — 109,204 (82,091) 2015 TY10 TOKYO (METRO), JAPAN — — 69,881 — 4,032 — 73,913 (31,882) 2015 TY11 TOKYO (METRO), JAPAN — — 22,099 — 231,397 — 253,496 (38,156) 2018 OTHERS (5) — — 1,733 36,741 198,795 36,741 200,528 (19,667) Various TOTAL LOCATIONS $30,310 $627,881 $4,725,540 $790,465 $20,469,963 $1,418,346 $25,195,503 $(9,088,642) (1) The initial cost was $0 if the lease of the respective IBX was classified as an operating lease. (2) Building and improvements include all fixed assets except for land. (3) Buildings and improvements are depreciated on a straight-line basis over estimated useful live as described under described in Note 1 within the Consolidated Financial Statements. (4) Date of lease or acquisition represents the date we leased the facility or acquired the facility through purchase or acquisition. (5) Costs capitalized subsequent to acquisition or lease include impact of allocations between land and buildings and improvements following the purchase of previously leased assets. (6) Includes various IBXs that are under initial development and costs incurred at certain central locations supporting various IBX functions. The aggregate gross cost of our properties for federal income tax purpose approximated $32.9 billion (unaudited) as of December 31, 2023. The following table reconciles the historical cost of our properties for financial reporting purposes for each of the years ended December 31, 2023, 2022 and 2021 (in thousands): Gross Fixed Assets: 2023 2022 2021 Balance, beginning of period $ 23,803,355 $ 21,906,055 $ 20,161,785 Additions (including acquisitions and improvements) 3,117,154 3,250,576 2,977,992 Disposals (589,130) (543,545) (648,516) Foreign currency transaction adjustments and others 282,470 (809,731) (585,206) Balance, end of year $ 26,613,849 $ 23,803,355 $ 21,906,055 Accumulated Depreciation: 2023 2022 2021 Balance, beginning of period $ (8,094,898) $ (7,274,860) $ (6,399,477) Additions (depreciation expense) (1,317,353) (1,268,177) (1,224,874) Disposals 413,154 230,268 149,231 Foreign currency transaction adjustments and others (89,545) 217,871 200,260 Balance, end of year $ (9,088,642) $ (8,094,898) $ (7,274,860)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net Income (Loss)	$ 969,178	$ 704,345	$ 500,191

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Nature of Business and Summar_2

Nature of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation, Consolidation and Foreign Currency	Basis of Presentation, Consolidation and Foreign Currency The accompanying consolidated financial statements include the accounts of Equinix and its subsidiaries, including the acquisitions of: • Two data center sites in Mumbai, India from GPX India ("GPX India Acquisition") from September 1, 2021; • Four data centers as well as a subsea cable and terrestrial fiber network in West Africa acquired from MainOne Cable Company ("MainOne") from April 1, 2022; and • Four data centers in Chile and a data center in Peru acquired from Empresa Nacional De Telecomunicaciones S.A. ("Entel") from May 2, 2022 and August 1, 2022, respectively.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with the accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. On an ongoing basis, we evaluate our estimates, including, but not limited to, those related to the allowance for credit losses, fair values of financial and derivative instruments, intangible assets and goodwill, assets acquired and liabilities assumed from acquisitions, useful lives of intangible assets and property, plant and equipment, leases, asset retirement obligations, other accruals, and income taxes. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable.
Cash, Cash Equivalents and Short-Term Investments	Cash, Cash Equivalents and Short-Term Investments We consider all highly liquid instruments with an original maturity from the date of purchase of 90 days or less to be cash equivalents. Cash equivalents consist of money market mutual funds and certificates of deposit with original maturities up to 90 days. Short-term investments generally consist of certificates of deposit with original maturities of between 90 days and 1 year. Publicly traded equity securities are measured at fair value with changes in the fair values recognized within other income (expense) in our consolidated statements of operations. We review our investment portfolio quarterly to determine if any securities may be other-than-temporarily impaired due to increased credit risk, changes in industry or sector of a certain instrument or ratings downgrades.
Equity Method Investments and Non-marketable Equity Investments	Equity Method Investments We enter into joint venture or partnership arrangements to invest in certain entities for business development objectives. At the inception of these arrangements and if a reconsideration event has occurred, we assess our interests with such entities to determine whether any of the entities meet the definition of a variable interest entity ("VIE"). A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support, or (ii) has equity investors who lack the characteristics of a controlling financial interest. We are required to consolidate the assets and liabilities of VIEs when we are deemed to be the primary beneficiary. The primary beneficiary of a VIE is the entity that meets both of the following criteria: (i) has the power to make decisions that most significantly affect the economic performance of the VIE; and (ii) has the obligation to absorb losses or the right to receive benefits that in either case could potentially be significant to the VIE. For VIEs where we are not the primary beneficiary, and other joint ventures or partnerships that are not VIEs, where we have the ability to exercise significant influence over the entity, we account for those investments under the equity method of accounting. Equity method investments are initially measured at cost, or at fair value when the investment represents a retained equity interest in a deconsolidated business or derecognized distinct non-financial assets. Equity investments are subsequently adjusted for cash contributions, distributions and our share of the income and losses of the investees. We record our equity method investments in other assets in the consolidated balance sheet. Our proportionate shares of the income or loss from our equity method investments are recorded in other income in the consolidated statement of operations. We review our investments quarterly to determine if any investments may be impaired considering both qualitative and quantitative factors that may have a significant impact on the investees' fair value. We did not record any impairment charges related to our equity method investments for the years ended December 31, 2023, 2022 and 2021. For further information on our Equity Method Investments, see Note 6. Non-marketable Equity Investments We also have investments in non-marketable equity securities, where we do not have the ability to exercise significant influence over the investees. We elected the measurement alternative under which the securities are measured at cost minus impairment, if any, and adjusted for changes resulting from qualifying observable price changes. We record non-marketable equity investment in other assets in the consolidated balance sheet. We review our non-marketable equity investments quarterly to determine if any investments may be impaired considering both qualitative and quantitative factors that may have a significant impact on the investees' fair value. We did not record any impairment charges related to our non-marketable equity investments for the years ended December 31, 2023, 2022 and 2021.
Financial Instruments and Concentration of Credit Risk	Financial Instruments and Concentration of Credit Risk Financial instruments which potentially subject us to concentrations of credit risk consist of cash and cash equivalents, short-term investments, accounts receivable and contract assets. Risks associated with cash and cash equivalents and short-term investments are mitigated by our investment policy, which limits our investing to only those marketable securities rated at least A-1/P-1 Short Term Rating or A-/A3 Long Term Rating, as determined by independent credit rating agencies.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at our original cost or initial fair value for property, plant and equipment acquired through acquisitions, net of depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the respective assets. Buildings under finance leases, Leasehold improvements and integral equipment at leased locations are amortized over the shorter of the lease term or the estimated useful life of the asset or improvement. We capitalize certain internal and external costs associated with the development and purchase of internal-use software in property, plant and equipment, net on the consolidated balance sheets. This includes costs incurred in cloud computing arrangements ("CCA"), where it is both feasible and contractually permissible without significant penalty for us to take possession of the software. All other CCAs are considered service contracts, and the licensing and implementation costs incurred associated with such contracts are capitalized in other assets on the consolidated balance sheets. Capitalized internal-use software costs and capitalized implementation costs are amortized on a straight-line basis over the estimated useful lives of the software or arrangements. Our estimated useful lives of property, plant and equipment are generally as follows: Core systems 3 - 40 years Buildings 12 - 60 years Leasehold improvements 12 - 40 years Personal Property, including capitalized internal-use software 3 - 10 years Our construction in progress includes direct and indirect expenditures for the construction and expansion of IBX data centers and is stated at original cost. We contracted out substantially all of the construction and expansion efforts of our IBX data centers to independent contractors under construction contracts. Construction in progress includes costs incurred under construction contracts including project management services, engineering and schematic design services, design development, construction services and other construction-related fees and services. In addition, we capitalized interest costs during the construction phase. Once an IBX data center or expansion project becomes operational, these capitalized costs are allocated to certain property, plant and equipment categories and are depreciated over the estimated useful lives of the underlying assets.
Assets Held for Sale	Assets Held for Sale
Asset Retirement Costs and Asset Retirement Obligations	Asset Retirement Costs and Asset Retirement Obligations
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets We have three reportable segments comprised of the 1) Americas, 2) EMEA and 3) Asia-Pacific geographic regions, which we also determined are our reporting units. Goodwill is not amortized and is tested for impairment at least annually or more often if and when circumstances indicate that goodwill is not recoverable. We assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. Qualitative factors considered in the assessment include industry and market conditions, overall financial performance, and other relevant events and factors affecting the reporting unit. If, after assessing the qualitative factors, we determine that it is not more likely than not that the fair value of a reporting unit is less than its carrying value, then performing a quantitative impairment test is unnecessary. However, if we conclude otherwise, then we are required to perform a quantitative goodwill impairment test. The quantitative impairment test, which is used to identify both the existence of impairment and the amount of impairment loss, compares the fair value of a reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired. If the carrying value of the reporting unit exceeds its fair value, any excess of the reporting unit goodwill carrying value over the respective implied fair value is recognized as an impairment loss. As of December 31, 2023, 2022 and 2021, we concluded that it was more likely than not that goodwill attributed to our Americas, EMEA and Asia-Pacific reporting units was not impaired as the fair value of each reporting unit exceeded the carrying value of its respective reporting unit, including goodwill.
Debt Issuance Costs	Debt Issuance Costs
Derivatives and Hedging Activities	Derivatives and Hedging Activities We utilize foreign currency and interest rate derivative instruments as part of our risk management strategy. Foreign currency derivatives help to mitigate the effects of foreign exchange rate fluctuations on (i) our expected revenues and expenses in the EMEA region, (ii) investments in our foreign operations and (iii) certain monetary assets and liabilities denominated in foreign currencies. Interest rate derivatives, on the other hand, are used to manage the interest rate risk associated with anticipated fixed-rate debt issuances. These measures allow us to effectively control our financial exposure and are not used for speculative purposes. We recognize all derivatives on our consolidated balance sheets at fair value. The accounting for changes in the value of a derivative depends on whether the contract qualifies and has been designated for hedge accounting. In order to qualify for hedge accounting, a derivative must be considered highly effective at reducing the risk associated with the exposure being hedged and there must be documentation of the risk management objective and strategy, including identification of the hedging instrument, the hedged item and the risk exposure, and the effectiveness assessment methodology. Hedge designations are reviewed on a quarterly basis to assess whether circumstances have changed that would disrupt the hedge instrument's relationship to the forecasted transactions or net investment. Cash Flow Hedges The instruments we designate as cash flow hedges include foreign currency forwards and options, cross-currency swaps as well as interest rate locks. For cash flow hedges, we use a regression analysis at the time they are designated to assess their effectiveness. We use foreign currency forwards and options to hedge our foreign currency transaction exposure for forecasted revenues and expenses in our EMEA region between the U.S. Dollar and foreign currencies, primarily the British Pound and the Euro. We use the forward method to assess effectiveness of qualifying foreign currency forwards that are designated as cash flow hedges, whereby, the change in the fair value of the derivative is recorded in other comprehensive income (loss) and reclassified to the same line item in the consolidated statement of operations that is used to present the earnings effect of the hedged item when the hedged item affects earnings. We use the spot method to assess effectiveness of qualifying foreign currency exchange options that are designated as cash flow hedges, whereby, the change in fair value due to foreign currency exchange spot rates is recorded in other comprehensive income (loss) and reclassified to the same line item in the consolidated statement of operations that is used to present the earnings effect of the hedged item when the hedged item affects earnings, and the change in fair value of the excluded component is recorded in other comprehensive income (loss) and amortized on a straight-line basis to the same line item in the consolidated statement of operations that is used to present the earnings effect of the hedged item. When two or more derivative instruments in combination are jointly designated as a cash flow hedging instrument, as with foreign currency exchange option collars, they are treated as a single instrument. If the hedge relationship is terminated for any derivatives designated as cash flow hedges, then the change in fair value of the derivative recorded in other comprehensive income (loss) is recognized in earnings when the previously hedged item affects earnings, consistent with the original hedge strategy. We also utilize cross-currency interest rate swaps, which we designate as cash flow hedges, to manage the foreign currency exposure associated with a portion of our foreign currency-denominated debt. We assess the effectiveness of cross-currency interest rate swaps that are designated as cash flow hedges using the spot method. The fair value changes are recorded in other comprehensive income (loss), and when the hedged item impacts earnings, the change in fair value due to foreign currency exchange spot rates is reclassified to the corresponding line item in the consolidated statement of operations. We use interest rate derivative instruments such as treasury locks and swap locks, collectively referred to as "interest rate locks", to manage interest rate exposure created by anticipated fixed rate debt issuances. An interest rate lock is a synthetic forward sale of a benchmark interest rate, which is settled in cash based upon the difference between an agreed upon rate at inception and the prevailing benchmark rate at settlement. It effectively fixes the benchmark rate component of an upcoming debt issuance. The interest rate lock transactions are designated as cash flow hedges, with all changes in value reported in other comprehensive income (loss). Subsequent to settlement, amounts in other comprehensive income are amortized to interest expense over the term of the interest rate locks. For hedge relationships that are discontinued because the forecasted transaction is not expected to occur according to the original strategy, any related derivative amounts recorded in other comprehensive income (loss) are immediately recognized in earnings. Net Investment Hedges We employ cross-currency swaps, which we designate as net investment hedges, to hedge the currency exposure associated with our net investment in our foreign subsidiaries. We use the spot method to assess effectiveness of cross-currency interest rate swaps that are designated as net investment hedges, whereby, the change in fair value due to foreign currency exchange spot rates is recorded in other comprehensive income (loss) and the change in fair value of the excluded component is recorded in other comprehensive income (loss) and amortized to interest expense on a straight-line basis. Occasionally, we also use foreign exchange forward contracts, which we designate as net investment hedges, to hedge against the effect of foreign exchange rate fluctuations on a portion of our net investment in the foreign subsidiaries. We use the spot method to assess effectiveness of qualifying foreign currency forwards that are designated as net investment hedges, whereby, the change in fair value due to foreign currency exchange spot rates is recorded in other comprehensive income (loss) and the change in fair value of the excluded component is recorded in other comprehensive income (loss) and amortized to interest expense on a straight-line basis. Non-designated Hedges Cash Flow Hedges .
Fair Value of Financial Instruments and Fair Value Measurements	Fair Value of Financial Instruments The carrying value of our cash and cash equivalents, short-term investments and derivative instruments represent their fair value, while our accounts receivable, accounts payable and accrued expenses and accrued property, plant and equipment approximate their fair value due primarily to the short-term maturity of the related instruments. The fair value of our debt, which is traded in the public debt market, is based on quoted market prices. The fair value of our debt, which is not publicly traded, is estimated by considering our credit rating, current rates available to us for debt of the same remaining maturities and terms of the debt. Fair Value Measurements We measure and report certain financial assets and liabilities at fair value on a recurring basis, including our investments in money market funds, certificates of deposit, publicly traded equity securities and derivatives. We also follow the accounting standard for the measurement of fair value for non-financial assets and liabilities on a nonrecurring basis. These include: • Non-financial assets and non-financial liabilities initially measured at fair value in a business combination or other new basis event, but not measured at fair value in subsequent reporting periods; • Reporting units and non-financial assets and non-financial liabilities measured at fair value for goodwill impairment tests; • Indefinite-lived intangible assets measured at fair value for impairment assessments; • Non-financial long-lived assets or asset groups measured at fair value for impairment assessments or disposal; • Asset retirement obligations initially measured at fair value but not subsequently measured at fair value; and • Assets and liabilities classified as held for sale are measured at fair value less costs to sell and reported at the lower of the carrying amounts or the fair values less costs to sell.
Leases	Leases We enter into lease arrangements primarily for land, data center spaces, office spaces and equipment. At its inception, we determine whether an arrangement is or contains a lease. We recognize a right-of-use ("ROU") asset and lease liability on the consolidated balance sheet for all leases with a term longer than 12 months, including renewals options that we are reasonably certain to exercise. ROU assets represent our right to use an underlying asset for the lease term. Lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and liabilities are classified and recognized at the commencement date. When there is a lease modification, including a change in lease term, we reassess its classification and remeasure the ROU asset and lease liability. ROU lease liabilities are measured based on the present value of fixed lease payments over the lease term. ROU assets consist of (i) initial measurement of the lease liability; (ii) lease payments made to the lessor at or before the commencement date less any lease incentives received; and (iii) initial direct costs incurred by us. Lease payments may vary because of changes in facts or circumstances occurring after the commencement, including changes in inflation indices. Variable lease payments that depend on an index or a rate (such as the Consumer Price Index or a market interest rate) are included in the measurement of ROU assets and lease liabilities using the index or rate at the commencement date. Subsequent changes to lease payments based on changes to the index and rate are accounted for as variable lease payments and recognized in the period they are incurred. Variable lease payments that do not depend on an index or a rate are excluded from the measurement of ROU assets and lease liabilities and are recognized in the period in which the obligation for those payments is incurred. Since most of our leases do not provide an implicit rate, we use our own incremental borrowing rate ("IBR") on a collateralized basis in determining the present value of lease payments. We utilize a market-based approach to estimate the IBR. The approach requires significant judgment. Therefore, we utilize different data sets to estimate IBRs via an analysis of (i) sovereign rates; (ii) yields on our outstanding public debt; and (iii) indicative pricing on both secured and unsecured debt received from banking partners. We also apply adjustments to account for considerations related to (i) tenor; and (ii) country credit rating that may not be fully incorporated by the aforementioned data sets.
Revenue	Revenue Revenue Recognition Equinix derives more than 90% of its revenues from recurring revenue streams, consisting primarily of (1) colocation, which includes the licensing of cabinet space and power; (2) interconnection offerings; (3) managed infrastructure solutions and (4) other revenues consisting of rental income from tenants or subtenants. The remainder of our revenues are from non-recurring revenue streams, such as installation revenues, professional services, contract settlements and equipment sales. Revenues by service lines and geographic areas are included in segment information. For further information on segment information, see Note 17 below. Revenues are recognized when control of these products and services is transferred to its customers, in an amount that reflects the consideration it expects to be entitled to in exchange for the products and services. Revenues from recurring revenue streams are generally billed monthly and recognized ratably over the term of the contract, generally 1 to 5 years for IBX data center colocation customers. Non-recurring installation fees, although generally paid upfront upon installation, are deferred and recognized ratably over the contract term. Professional service fees and equipment sales are recognized in the period when the services were provided. For the contracts with customers that contain multiple performance obligations, we account for individual performance obligations separately if they are distinct or as a series of distinct obligations if the individual performance obligations meet the series criteria. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. The transaction price is allocated to the separate performance obligation on a relative standalone selling price basis. The standalone selling price is determined based on overall pricing objectives, taking into consideration market conditions, geographic locations and other factors. Other judgments include determining if any variable consideration should be included in the total contract value of the arrangement such as price increases. Revenue is generally recognized on a gross basis as a principal versus on a net basis as an agent, as we are primarily responsible for fulfilling the contract, bear inventory risk and have discretion in establishing the price when selling to the customer. To the extent we do not meet the criteria for recognizing revenue on a gross basis, we record the revenue on a net basis. Revenue from contract settlements, when a customer wishes to terminate their contract early, is treated as a contract modification and recognized ratably over the remaining term of the contract, if any. We guarantee certain service levels, such as uptime, as outlined in individual customer contracts. If these service levels are not achieved due to any failure of the physical infrastructure or offerings, or in the event of certain instances of damage to customer infrastructure within our IBX data centers, we would reduce revenue for any credits or cash payments given to the customer. Historically, these credits and cash payments have not been significant. We enter into revenue contracts with customers for data centers and office spaces, which contain both lease and non-lease components. We elected to adopt the practical expedient which allows lessors to combine lease and non-lease components, by underlying class of asset, and account for them as one component if they have the same timing and pattern of transfer. The combined component is accounted for in accordance with the current lease accounting guidance ("Topic 842") if the lease component is predominant, and in accordance with the current revenue accounting guidance ("Topic 606") if the non-lease component is predominant. In general, customer contracts for data centers are accounted for under Topic 606 and customer contracts for the use of office space are accounted for under Topic 842, which are generally classified as operating leases and are recognized on a straight-line basis over the lease term. Certain customer agreements are denominated in currencies other than the functional currencies of the parties involved. Under applicable accounting rules, we are deemed to have foreign currency forward contracts embedded in these contracts. We assessed these embedded contracts and concluded them to be foreign currency embedded derivatives (see Note 8). These instruments are separated from their host contracts and held on our consolidated balance sheet at their fair value. The majority of these foreign currency embedded derivatives arise in certain of our subsidiaries where the local currency is the subsidiary's functional currency and the customer contract is denominated in the U.S. dollar. Changes in their fair values are recognized within revenues in our consolidated statements of operations. Contract Balances The timing of revenue recognition, billings and cash collections result in accounts receivables, contract assets and deferred revenues. A receivable is recorded at the invoice amount, net of an allowance for credit losses and is recognized in the period when we have transferred products or provided services to our customers and when its right to consideration is unconditional. Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 45 days. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined that our contracts generally do not include a significant financing component. We assess collectability based on a number of factors, including past transaction history with the customer and the credit-worthiness of the customer. We generally do not request collateral from our customers although in certain cases we obtain a security interest in a customer's equipment placed in our IBX data centers or obtain a deposit. We also maintain an allowance for estimated losses on a lifetime loss basis resulting from the inability of our customers to make required payments for which we had expected to collect the revenues in accordance with the credit loss guidance accounting guidance ("Topic 326"). If the financial condition of our customers were to deteriorate or if they became insolvent, resulting in an impairment of their ability to make payments, greater allowances for credit losses may be required. Management specifically analyzes current economic news, conditions and trends, historical loss rates, customer concentrations, customer credit-worthiness, changes in customer payment terms and any applicable long term forecast when evaluating revenue recognition and the adequacy of our reserves for our accounts receivable. Any amounts that were previously recognized as revenue and subsequently determined to be uncollectable are charged to bad debt expense included in sales and marketing expense in the consolidated statements of operations. A specific bad debt reserve of up to the full amount of a particular invoice value is provided for certain problematic customer balances. An additional reserve is established for all other accounts based on an analysis of historical credits issued. Delinquent account balances are written off after management has determined that the likelihood of collection is not probable. A contract asset exists when we have transferred products or provided services to our customers but customer payment is conditioned on reasons other than the passage of time, such as upon the satisfaction of additional performance obligations. Certain contracts include terms related to price arrangements such as price increases and free months. We recognize revenues ratably over the contract term, which could potentially give rise to contract assets during certain periods of the contract term. Contract assets are recorded in other current assets and other assets in the consolidated balance sheet. Deferred revenue (a contract liability) is recognized when we have an unconditional right to a payment before we transfer the products or services to customers. Deferred revenue is included in other current liabilities and other liabilities, respectively, in the consolidated balance sheet. Contract Costs Direct and indirect incremental costs solely related to obtaining revenue contracts are capitalized as costs of obtaining a contract, when they are incremental and if they are expected to be recovered. Such costs consist primarily of commission fees and sales bonuses, as well as indirect related payroll costs. In 2023, contract costs were amortized over the estimated period of approximately 6 years on a straight-line basis. We elected to apply the practical expedient which allows us to expense contract costs when incurred, if the amortization period is one year or less.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Under this method, deferred tax assets and liabilities are recognized based on the future tax consequences attributable to differences that exist between the financial statement carrying amounts of assets and liabilities and their respective tax bases, as well as tax attributes such as net operating loss, capital loss and tax credits carryforwards on a taxing jurisdiction basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts that are expected more likely than not to be realized in the future. A tax benefit from an uncertain income tax position may be recognized in the financial statements only if it is more likely than not that the position is sustainable, based solely on its technical merits and consideration of the relevant taxing authority's widely understood administrative practices and precedents. Recognized income tax positions are measured at the largest amount that has a greater than 50 percent likelihood of being realized. Any subsequent changes in recognition or measurement are reflected in the period in which the change in judgment occurs. We elected to be taxed as a REIT for U.S. federal income tax purposes beginning with our 2015 taxable year. As a result, we may deduct the dividends distributed to our stockholders from taxable income generated by us and that of our qualified REIT subsidiaries ("QRSs"). Our dividends paid deduction generally eliminates the U.S. federal taxable income of our REIT and QRSs, resulting in no U.S. federal income tax due. However, our domestic taxable REIT subsidiaries ("TRSs") are subject to the U.S. corporate income taxes on any taxable income generated by them. In addition, our foreign operations are subject to local income taxes regardless of whether the foreign operations are operated as QRSs or TRSs. Our qualification and taxation as a REIT depend on our satisfaction of certain asset, income, organizational, distribution, stockholder ownership and other requirements on a continuing basis. Our ability to satisfy quarterly asset tests depends upon our analysis and the fair market values of our REIT and non-REIT assets. For purposes of the quarterly REIT asset tests, we estimate the fair market value of assets within our QRSs and TRSs using a discounted cash flow approach, by calculating the present value of forecasted future cash flows. We apply discount rates based on industry benchmarks relative to the market and forecasting risks. Other significant assumptions used to estimate the fair market value of assets in QRSs and TRSs include projected revenue growth, projected operating margins, and projected capital expenditures. We revisit significant assumptions periodically to reflect any changes due to business or economic environment.
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation cost is measured at the grant date for all stock-based awards made to employees and directors based on the fair value of the award. We generally recognize stock-based compensation expense on a straight-line basis over the requisite service period of the awards, which is generally the vesting period. However, for awards with market conditions or performance conditions, stock-based compensation expense is recognized on a straight-line basis over the requisite service period for each vesting tranche of the award. We elected to estimate forfeitures based on historical forfeiture rates. We grant restricted stock units ("RSUs") or restricted stock awards ("RSAs") to our employees and these equity awards generally have only a service condition. We grant RSUs to our executives that generally have a service and performance condition or a service and market condition. Performance conditions contained in an equity award are generally tied to our financial performance. We assess the probability of meeting these performance conditions on a quarterly basis. The majority of our RSUs vest over four years, although certain equity awards for executives vest over a range of two We use the Black-Scholes option-pricing model to determine the fair value of our employee stock purchase plan ("ESPP"). The determination of the fair value of shares purchased under the ESPP is affected by assumptions regarding a number of complex and subjective variables including our expected stock price volatility over the term of the awards and actual and projected employee stock purchase behaviors. We estimated the expected volatility by using the average historical volatility of its common stock that it believed was best representative of future volatility. The risk-free interest rate used was based on U.S. Treasury zero-coupon issues with remaining terms similar to the expected term of the equity awards. The expected dividend rate used was based on average dividend yields and the expected term used was equal to the term of each purchase window.
Foreign Currency Translation	Foreign Currency Translation The financial position of foreign subsidiaries is translated using the exchange rates in effect at the end of the period, while income and expense items are translated at average exchange rates during the period. Gains or losses from translation of foreign operations where the local currency is the functional currency are included as other comprehensive income (loss). The net gains and losses resulting from foreign currency transactions are recorded in net income in the period incurred and recorded within other income (expense). Certain intercompany balances are designated as loans of a long-term investment-type nature. Accordingly, exchange gains and losses associated with these long-term intercompany balances are recorded as a component of other comprehensive income (loss), along with translation adjustments.
Earnings Per Share	Earnings Per Share We compute basic and diluted EPS for net income. Basic EPS is computed using net income and the weighted-
Treasury Stock	Treasury Stock We account for treasury stock under the cost method. When treasury stock is re-issued at a higher price than its cost, the difference is recorded as a component of additional paid-in capital to the extent that there are gains to offset the losses. If there are no treasury stock gains in additional paid-in capital, the losses are recorded as a component of retained earnings.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Not Yet Adopted In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07, Segment Reporting ("Topic 280"): Improvements to Reportable Segment Disclosure. The ASU is intended to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The ASU is effective for fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after December 15, 2024, with early adoption is permitted, and retrospective adoption required. We are currently evaluating the extent of the impact of this ASU on disclosures in our consolidated financial statements. In December 2023, FASB issued ASU 2023-09, Income Taxes ("Topic 740"): Improvements to Income Tax Disclosures. This ASU is intended to enhance the transparency and decision usefulness of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. The ASU is effective for fiscal years beginning after December 15, 2024 and to be applied prospectively, with retrospective application and early adoption both permitted. We are currently evaluating the extent of the impact of this ASU on disclosures in our consolidated financial statements. Accounting Standards Recently Adopted Supplier Finance Programs In September 2022, FASB issued Accounting Standards Update ("ASU") 2022-04, "Liabilities-Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations". This guidance requires annual and interim disclosures for entities that use supplier finance programs in connection with the purchase of goods and services. The ASU is effective for fiscal years beginning after December 15, 2022, with early adoption permitted, except for the amendment on roll forward information, which is effective for fiscal years beginning after December 15, 2023. On January 1, 2023, we adopted this ASU and the adoption of this standard did not have an impact on our consolidated financial statements. Reference Rate Reform In March 2020, FASB issued ASU 2020-04, Reference Rate Reform ("Topic 848"): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In addition, FASB issued ASU 2021-01, Reference Rate Reform ("Topic 848"), which clarifies the scope of Topic 848. Collectively, the guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. ASU 2021-01 is effective upon issuance and ASU 2020-04 was effective for all entities as of March 12, 2020, and together remained effective through December 31, 2022. In December 2022, FASB issued ASU 2022-06, Reference Rate Reform ("Topic 848"): Deferral of the Sunset Date of Topic 848. Because the current relief in Topic 848 may not cover a period of time during which a significant number of modifications may take place, the amendments in this Update defer the sunset date of Topic 848 from December 31, 2022 to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. We adopted these ASUs upon their respective issuances and there was no impact on our consolidated financial statements as a result of adopting the guidance. We will evaluate our debt, derivative and lease contracts that may become eligible for modification relief and may apply the elections prospectively as needed. Income Taxes In December 2019, FASB issued ASU 2019-12, Income Taxes ("Topic 740"): Simplifying the Accounting for Income T axes. The ASU simplifies accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The ASU also improves consistent application of and simplifies generally accepted accounting principles ("GAAP") for other areas of Topic 740 by clarifying and amending existing guidance. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted including adoption in any interim period for periods for which financial statements have not yet been issued. On January 1, 2021, we adopted this ASU on a prospective basis and the adoption of this standard did not have an impact on our consolidated financial statements. Debt with Conversion and Other Options In August 2020, FASB issued ASU 2020-06: Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40). The ASU simplifies the accounting for convertible instruments by reducing the number of accounting models for convertible debt instruments and convertible preferred stock and modifies the disclosure requirement for the convertible instruments. Additionally, this ASU improves the consistency of EPS calculations by eliminating the use of the treasury stock method to calculate diluted EPS for convertible instruments and clarifies certain areas under the current EPS guidance. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021, with early adoption permitted at the beginning of the fiscal year after December 15, 2020. On January 1, 2022, we adopted this ASU on a prospective basis and the adoption of this standard did not have a material impact on our consolidated financial statements. Business Combinations In October 2021, FASB issued ASU 2021-08 Business Combinations ("Topic 805"): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. The ASU requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers, as if it had originated the contracts. Under the current business combinations guidance, such assets and liabilities were recognized by the acquirer at fair value on the acquisition date. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted. On April 1, 2022, we early adopted this ASU and the adoption of this standard did not have a material impact on our consolidated financial statements.
Derivatives Designated as Hedging Instruments	Derivatives Designated as Hedging Instruments Net Investment Hedges. We are exposed to the impact of foreign exchange rate fluctuations on the value of investments in our foreign subsidiaries whose functional currencies are other than the U.S. Dollar. In order to mitigate the impact of foreign currency exchange rates, we have entered into various foreign currency debt obligations, which are designated as hedges against our net investments in foreign subsidiaries. As of both December 31, 2023 and 2022, the total principal amounts of foreign currency debt obligations designated as net investment hedges was $1.5 billion. We also utilize cross-currency interest rate swaps, designated as net investment hedges, which effectively convert a portion of our U.S. dollar-denominated fixed-rate debt to foreign currency-denominated fixed-rate debt, to hedge the currency exposure associated with our net investment in our foreign subsidiaries. As of December 31, 2023 and 2022, the total notional amount of cross-currency interest rate swaps designated as net investment hedges, were $3.1 billion and $3.9 billion respectively, with maturity dates ranging through 2026. From time to time, we use foreign currency forward contracts, which are designated as net investment hedges, to hedge against the effect of foreign exchange rate fluctuations on our net investment in our foreign subsidiaries. As of December 31, 2023 and 2022, the total notional amount of foreign currency forward contracts designated as net investment hedges were $887.5 million and $373.4 million, respectively. Certain of our customer agreements that are priced in currencies different from the functional or local currencies of the parties involved are deemed to have foreign currency forward contracts embedded in them. These embedded derivatives are separated from their host contracts and carried on our balance sheet at their fair value. The majority of these embedded derivatives arise as a result of our foreign subsidiaries pricing their customer contracts in U.S. Dollars. We use these forward contracts embedded within our customer agreements to hedge against the effect of foreign exchange rate fluctuations on our net investment in our foreign subsidiaries.
Derivatives Not Designated as Hedging Instruments	Derivatives Not Designated as Hedging Instruments Embedded Derivatives . As described above, certain of our customer agreements that are priced in currencies different from the functional or local currencies of the parties involved are deemed to have foreign currency forward contracts embedded in them. Economic Hedges of Embedded Derivatives . We use foreign currency forward contracts to manage the foreign exchange risk associated with our customer agreements that are priced in currencies different from the functional or local currencies of the parties involved ("economic hedges of embedded derivatives"). Foreign currency forward contracts represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon price on an agreed-upon settlement date. Foreign Currency Forward Contracts .
Cross-currency Interest Rate Swaps	Cross-currency Interest Rate Swaps.
Segment Information	While we have one primary line of business, which is the design, build-out and operation of IBX data centers, we have determined that we have three reportable segments comprised of our Americas, EMEA and Asia-Pacific geographic regions. Our chief operating decision-maker evaluates performance, makes operating decisions and allocates resources based on our revenues and adjusted EBITDA, both on a consolidated basis and based on these three reportable segments. Intercompany transactions between segments are excluded for management reporting purposes.

Nature of Business and Summar_3

Nature of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Revenue By Geographical Region	The following table sets forth percentages of our revenues by geographic region for the years ended December 31: 2023 2022 2021 Americas 44 % 46 % 46 % EMEA 35 % 32 % 32 % Asia-Pacific 21 % 22 % 22 %
Schedule of Property, Plant and Equipment	Our estimated useful lives of property, plant and equipment are generally as follows: Core systems 3 - 40 years Buildings 12 - 60 years Leasehold improvements 12 - 40 years Personal Property, including capitalized internal-use software 3 - 10 years Property, plant and equipment, net consisted of the following as of December 31 (in thousands): 2023 2022 Core systems $ 12,603,760 $ 11,616,863 Buildings 8,971,547 8,013,672 Leasehold improvements 2,045,523 1,991,060 Internal-use software 1,935,989 1,580,485 Construction in progress 1,917,932 1,195,042 Land 1,406,784 1,252,993 Personal property 320,224 332,376 29,201,759 25,982,491 Less accumulated depreciation (10,600,926) (9,332,957) Property, plant and equipment, net $ 18,600,833 $ 16,649,534

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Opening and Closing Balances	The following table summarizes the opening and closing balances of our accounts receivable, net; contract assets, current; contract assets, non-current; deferred revenue, current; and deferred revenue, non-current (in thousands): Accounts receivable, net (1) Contract assets, current Contract assets, non-current Deferred revenue, current Deferred revenue, non-current Beginning balances as of January 1, 2023 $ 855,380 $ 27,608 $ 55,405 $ 132,090 $ 155,334 Closing balances as of December 31, 2023 1,003,792 51,991 85,912 124,945 154,047 Increase (Decrease) $ 148,412 $ 24,383 $ 30,507 $ (7,145) $ (1,287) Beginning balances as of January 1, 2022 $ 681,809 $ 65,392 $ 55,486 $ 109,736 $ 87,495 Closing balances as of December 31, 2022 855,380 27,608 55,405 132,090 155,334 Increase (Decrease) $ 173,571 $ (37,784) $ (81) $ 22,354 $ 67,839 (1) The net change in our allowance for credit losses was insignificant during the year ended December 31, 2023.

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Allocation of Total Purchase Consideration	A summary of the final allocation of total purchase consideration is presented as follows (in thousands): Entel Chile Entel Peru MainOne (2) Cash and cash equivalents $ — $ — $ 33,026 Accounts receivable — — 9,431 Other current assets 12,424 — 21,988 Property, plant and equipment 81,132 13,423 239,583 Intangible assets 153,489 10,000 54,800 Goodwill 380,867 46,285 110,665 Deferred tax and other assets 12,090 10,801 5,879 Total assets acquired 640,002 80,509 475,372 Accounts payable and accrued liabilities (195) — (18,525) Other current liabilities (1) — — (13,061) Mortgage and loans payable — — (25,944) Deferred tax and other liabilities (1) (1,463) (167) (139,492) Net assets acquired $ 638,344 $ 80,342 $ 278,350 (1) For the MainOne Acquisition, other current liabilities includes $9.9 million of deferred revenue - current and the other liabilities includes $95.4 million of deferred revenue - non-current. (2) For the MainOne Acquisition, the purchase price allocation adjustments since the provisional amounts reported as of December 31, 2022 were not significant.
Schedule of Acquired Intangible Assets	The following table presents certain information on the acquired intangible assets (in thousands): Intangible Assets Fair Value Estimated Useful Lives (Years) Weighted-average Estimated Useful Lives (Years) Discount Rate Entel Chile: Customer relationships (1) $ 153,489 12.0 - 15.0 14.0 8.5% - 9.5% Entel Peru: Customer relationships (1) 10,000 15.0 15.0 7.0 % MainOne: Customer relationships (1) 51,500 10.0 - 15.0 14.0 11.5 % Trade names (2) 3,300 5.0 5.0 11.5 % (1) The fair value was estimated by calculating the present value of estimated future operating cash flows generated from existing customers less costs to realize the revenue and/or by using benchmarking. The rates reflect the nature of the assets as they relate to the risk and uncertainty of the estimated future operating cash flows, as well as the risk of the country within which the acquired business operates. (2) The fair value of the MainOne trade name was estimated using the relief from royalty method under the income approach. We applied a relief from royalty rate of 1.0%.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share ("EPS") for the years ended December 31 (in thousands, except per share amounts): 2023 2022 2021 Net income $ 968,980 $ 704,577 $ 499,728 Net (income) loss attributable to non-controlling interests 198 (232) 463 Net income attributable to common shareholders $ 969,178 $ 704,345 $ 500,191 Weighted-average shares used to calculate basic EPS 93,615 91,569 89,772 Effect of dilutive securities: Employee equity awards 394 259 637 Weighted-average shares used to calculate diluted EPS 94,009 91,828 90,409 EPS attributable to common shareholders: Basic EPS $ 10.35 $ 7.69 $ 5.57 Diluted EPS $ 10.31 $ 7.67 $ 5.53
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table sets forth potential shares of common stock that are not included in the diluted EPS calculation above because to do so would be anti-dilutive for the years ended December 31 (in thousands): 2023 2022 2021 Common stock related to employee equity awards and other 68 582 206 Total 68 582 206

Equity Method Investments (Tabl

Equity Method Investments (Tables)	12 Months Ended
	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity Method Investments	The following table summarizes our equity method investments (in thousands), which were included in other assets on the consolidated balance sheets as of December 31: Investee Ownership Percentage 2023 2022 EMEA 1 Joint Venture with GIC 20% $ 150,172 $ 148,895 VIE Joint Ventures 20% 308,128 191,680 Other Various 9,931 7,570 Total $ 468,231 $ 348,145
Schedule of The Maximum Exposure Losses of VIE Joint Ventures	The following table summarizes our maximum exposure to loss related to the VIE Joint Ventures as of December 31, 2023 (in thousands): VIE Joint Ventures Equity Investment $ 308,128 Outstanding Accounts Receivable 23,020 Contract Assets 55,967 Future Equity Contribution Commitments (1) 39,610 Maximum Future Payments under Debt Guarantees (2) 209,040 Total $ 635,765 (1) The joint ventures' partners are required to make additional equity contributions proportionately upon certain occurrences, such as a shortfall in capital necessary to complete certain construction phases or make interest payments on their outstanding debt. (2) In connection with our 20% equity investment in the EMEA 2 Joint Venture, we provided the lenders with our guarantees covering 20% of all payments of principal and interest due under EMEA 2 Joint Venture's credit facility agreements. A portion of the guarantees related to our AMER 1 Joint Venture (see Note 15).

Balance Sheet Components (Table

Balance Sheet Components (Tables)	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents consisted of the following as of December 31 (in thousands): 2023 2022 Cash and cash equivalents: Cash $ 491,770 $ 1,141,793 Cash equivalents: Money market funds 1,603,942 764,628 Total cash and cash equivalents $ 2,095,712 $ 1,906,421
Schedule of Accounts Receivable, Net	Accounts receivable, net, consisted of the following as of December 31 (in thousands): 2023 2022 Accounts receivable $ 1,020,968 $ 867,605 Allowance for credit losses (17,176) (12,225) Accounts receivable, net $ 1,003,792 $ 855,380
Schedule of Allowance for Credit Loss	The following table summarizes the activity of our allowance for credit losses (in thousands): Balance as of December 31, 2020 $ 10,677 Provision for credit losses 10,016 Net write-offs (8,295) Impact of foreign currency exchange (763) Balance as of December 31, 2021 11,635 Provision for credit losses 7,426 Net write-offs (6,356) Impact of foreign currency exchange (480) Balance as of December 31, 2022 12,225 Provision for credit losses 14,835 Net write-offs (9,097) Impact of foreign currency exchange (787) Balance as of December 31, 2023 $ 17,176
Schedule of Other Current Assets	Other current assets consisted of the following as of December 31 (in thousands): 2023 2022 Taxes receivable $ 167,140 $ 122,166 Prepaid expenses, current 99,790 79,191 Other receivables 80,349 109,948 Contract assets, current 51,991 27,608 Derivative instruments, current 43,995 105,693 Other current assets (1) 24,928 14,532 Total other current assets $ 468,193 $ 459,138 (1) Other current assets included restricted cash, current of $0.5 million and $1.7 million as of December 31, 2023 and 2022, respectively.
Schedule of Property, Plant and Equipment	Our estimated useful lives of property, plant and equipment are generally as follows: Core systems 3 - 40 years Buildings 12 - 60 years Leasehold improvements 12 - 40 years Personal Property, including capitalized internal-use software 3 - 10 years Property, plant and equipment, net consisted of the following as of December 31 (in thousands): 2023 2022 Core systems $ 12,603,760 $ 11,616,863 Buildings 8,971,547 8,013,672 Leasehold improvements 2,045,523 1,991,060 Internal-use software 1,935,989 1,580,485 Construction in progress 1,917,932 1,195,042 Land 1,406,784 1,252,993 Personal property 320,224 332,376 29,201,759 25,982,491 Less accumulated depreciation (10,600,926) (9,332,957) Property, plant and equipment, net $ 18,600,833 $ 16,649,534
Schedule of Goodwill and Other Intangible Assets	The following table presents goodwill and other intangible assets, net, for the years ended December 31, 2023 and 2022 (in thousands): 2023 2022 Goodwill: Americas $ 2,630,583 $ 2,630,752 EMEA 2,467,209 2,377,921 Asia-Pacific 639,330 645,544 $ 5,737,122 $ 5,654,217 Intangible assets, net: Intangible assets - customer relationships $ 2,892,366 $ 2,885,152 Intangible assets - trade names 13,441 14,719 Intangible assets - in-place leases 29,674 22,183 Intangible assets - licenses 9,697 9,697 Intangible assets - at-the-money lease contracts 58,639 56,822 Intangible assets - other 8,093 8,029 3,011,910 2,996,602 Accumulated amortization - customer relationships (1,254,976) (1,056,844) Accumulated amortization - trade names (3,830) (4,561) Accumulated amortization - in-place leases (20,163) (15,797) Accumulated amortization - licenses (7,113) (6,467) Accumulated amortization - at-the-money lease contracts (15,368) (10,056) Accumulated amortization - other (5,590) (5,228) (1,307,040) (1,098,953) Total intangible assets, net $ 1,704,870 $ 1,897,649
Schedule of Carrying Amount of Goodwill by Geographic Regions	Changes in the carrying amount of goodwill by geographic regions are as follows (in thousands): Americas EMEA Asia-Pacific Total Balance as of December 31, 2020 $ 2,212,782 $ 2,611,166 $ 648,605 $ 5,472,553 Purchase of GPX — — 77,162 77,162 Impact of foreign currency exchange (2,773) (138,580) (36,291) (177,644) Balance as of December 31, 2021 2,210,009 2,472,586 689,476 5,372,071 Purchase of MainOne — 110,648 — 110,648 Purchase of Entel Chile 380,867 — — 380,867 Purchase of Entel Peru 46,285 — — 46,285 Impact of foreign currency exchange (6,409) (205,313) (43,932) (255,654) Balance as of December 31, 2022 2,630,752 2,377,921 645,544 5,654,217 Impact of foreign currency exchange (1) (169) 89,288 (6,214) 82,905 Balance as of December 31, 2023 $ 2,630,583 $ 2,467,209 $ 639,330 $ 5,737,122 (1) EMEA region included an insignificant purchase price allocation adjustment related to the MainOne acquisition since the provisional amounts reported as of December 31, 2022. Refer to Note 3.
Schedule of Net Book Value of Intangible Assets by Geographic Regions	Changes in the net book value of intangible assets by geographic regions are as follows (in thousands): Americas EMEA Asia-Pacific Total Balance as of December 31, 2020 $ 1,463,089 $ 518,027 $ 189,829 $ 2,170,945 GPX acquisition — — 15,472 15,472 Amortization of intangibles (133,289) (55,807) (16,388) (205,484) Impact of foreign currency exchange (2,047) (30,278) (13,341) (45,666) Balance as of December 31, 2021 1,327,753 431,942 175,572 1,935,267 Entel Chile acquisition 153,489 — — 153,489 Entel Peru acquisition 10,000 — — 10,000 MainOne acquisition — 54,800 — 54,800 Amortization of intangibles (137,358) (52,283) (15,114) (204,755) Impact of foreign currency exchange (3,570) (33,052) (14,530) (51,152) Balance as of December 31, 2022 1,350,314 401,407 145,928 1,897,649 Other asset acquisitions 7,270 — 1,235 8,505 Amortization of intangibles (140,858) (54,160) (14,045) (209,063) Impact of foreign currency exchange (53) 11,067 (3,235) 7,779 Balance as of December 31, 2023 $ 1,216,673 $ 358,314 $ 129,883 $ 1,704,870
Schedule of Estimated Future Amortization Expense Related to Intangibles	Estimated future amortization expense related to these intangibles is as follows (in thousands): Years ending: 2024 $ 208,982 2025 206,550 2026 204,913 2027 202,604 2028 201,189 Thereafter 680,632 Total $ 1,704,870
Schedule of Other Assets	Other assets consisted of the following as of December 31 (in thousands): 2023 2022 Equity method investments $ 468,231 $ 348,145 Contract costs 422,634 371,306 Derivative instruments, non-current 213,024 298,899 Prepaid expenses, non-current 134,204 66,393 Deferred CCA implementation costs 105,364 84,224 Contract assets, non-current 85,912 55,405 Deferred tax assets, net 62,238 44,628 Deposits 59,698 64,337 Debt issuance costs, net 5,124 6,831 Other non-current assets (1) 34,883 35,969 Total other assets $ 1,591,312 $ 1,376,137
Schedule of Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses consisted of the following as of December 31 (in thousands): 2023 2022 Accrued compensation and benefits $ 437,403 $ 413,135 Accrued utilities and security 177,951 115,119 Accounts payable 162,356 115,953 Accrued taxes (1) 160,834 131,376 Accrued other 158,356 144,165 Accrued interest 89,718 85,052 Total accounts payable and accrued expenses $ 1,186,618 $ 1,004,800 (1) Accrued taxes included income taxes payable of $81.4 million and $55.2 million as of December 31, 2023 and 2022, respectively.
Schedule of Other Current Liabilities	Other current liabilities consisted of the following as of December 31 (in thousands): 2023 2022 Deferred revenue, current $ 124,945 $ 132,090 Derivative instruments, current 93,726 24,868 Other current liabilities 48,794 57,533 Customer deposits, current 16,123 15,896 Dividends payable, current 13,576 12,302 Asset retirement obligations, current 4,565 8,657 Total other current liabilities $ 301,729 $ 251,346
Schedule of Other Liabilities	Other liabilities consisted of the following as of December 31 (in thousands): 2023 2022 Deferred tax liabilities, net $ 394,085 $ 383,359 Deferred revenue, non-current 154,047 155,334 Asset retirement obligations, non-current 107,994 109,508 Other non-current liabilities 61,315 65,592 Accrued taxes 55,439 59,806 Dividends payable, non-current 12,081 10,446 Derivative instruments, non-current 7,608 8,820 Customer deposits, non-current 2,980 4,998 Total other liabilities $ 795,549 $ 797,863
Schedule of Asset Retirement Obligation Liability	The following table summarizes the activities of our asset retirement obligations ("ARO") (in thousands): Asset retirement obligations as of December 31, 2020 $ 113,769 Additions 7,483 Adjustments (1) (6,591) Accretion expense 6,518 Impact of foreign currency exchange (3,623) Asset retirement obligations as of December 31, 2021 117,556 Additions 2,951 Adjustments (1) (4,281) Accretion expense 6,431 Impact of foreign currency exchange (4,492) Asset retirement obligations as of December 31, 2022 118,165 Additions 1,266 Adjustments (1) (13,580) Accretion expense 6,317 Impact of foreign currency exchange 391 Asset retirement obligations as of December 31, 2023 $ 112,559 (1) The ARO adjustments are primarily due to lease amendments and acquisition of real estate assets, as well as other adjustments.

Derivatives and Hedging Instr_2

Derivatives and Hedging Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Net Investment Hedges	The effect of net investment hedges on accumulated other comprehensive income and the consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Years Ended December 31, 2023 2022 2021 Foreign currency debt $ (54,120) $ 160,286 $ 93,945 Foreign currency forward contracts (included component) (1) (9,442) 27,323 2,621 Foreign currency forward contracts (excluded component) (2) 2,683 (2,535) (2) Cross-currency interest rate swaps (included component) (1) (72,049) 276,350 282,935 Cross-currency interest rate swaps (excluded component) (3) 1,045 (35,723) (52,517) Total $ (131,883) $ 425,701 $ 326,982 Amount of gain or (loss) recognized in earnings: Location of gain or (loss) Years Ended December 31, 2023 2022 2021 Foreign currency forward contracts (excluded component) (2) Interest expense $ 1,920 $ (469) $ 242 Cross-currency interest rate swaps (excluded component) (3) Interest expense 45,469 50,188 44,933 Total $ 47,389 $ 49,719 $ 45,175 (1) Included component represents foreign exchange spot rates. (2) Excluded component represents foreign currency forward points. (3) Excluded component represents cross-currency basis spread and interest rates.
Schedule of Cash Flow Hedges	The effect of cash flow hedges on accumulated other comprehensive income and the consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021 was as follows (in thousands): Amount of gain or (loss) recognized in accumulated other comprehensive income: Years Ended December 31, 2023 2022 2021 Foreign currency forward and option contracts (included component) (1) $ (15,956) $ (8,711) $ 67,767 Foreign currency option contracts (excluded component) (2) — — 151 Cross-currency interest rate swaps (2,175) (2,386) — Interest rate locks (4,971) 49,392 9,624 Total $ (23,102) $ 38,295 $ 77,542 Amount of gain or (loss) reclassified from accumulated other comprehensive income to income: Years Ended December 31, Location of gain or (loss) 2023 2022 2021 Foreign currency forward contracts Revenues $ (9,760) $ 148,100 $ (39,297) Foreign currency forward contracts Costs and operating expenses 15,425 (71,968) 20,496 Interest rate locks Interest Expense 1,183 (26) (4,056) Total $ 6,848 $ 76,106 $ (22,857) (1) Included component represents foreign exchange spot rates. (2) Excluded component represents option's time value.
Schedule of Derivatives not Designated as Hedging Instruments in the Company's Condensed Consolidated Statements of Operations	The following table presents the effect of derivatives not designated as hedging instruments in our consolidated statements of operations (in thousands): Amount of gain or (loss) recognized in earnings: Years Ended December 31, Location of gain or (loss) 2023 2022 2021 Embedded derivatives (1) Revenues $ — $ (568) $ 3,503 Economic hedge of embedded derivatives (2) Revenues — (984) (5,937) Foreign currency forward contracts Other income (expense) (20,191) 137,633 129,496 Cross-currency interest rate swaps Other income (expense) 6,534 — — Total $ (13,657) $ 136,081 $ 127,062 (1) Embedded derivatives which are considered foreign currency forward contracts were designated as net investment hedges beginning March 31, 2022. (2) As of December 31, 2023, we had no economic hedge of embedded derivatives outstanding.
Schedule of Derivative Instruments Recognized in the Company's Condensed Consolidated Balance Sheets	The following table presents the fair value of derivative instruments recognized in our consolidated balance sheets , excluding accrued interest, as of December 31, 2023 and 2022 (in thousands): December 31, 2023 December 31, 2022 Assets (1) Liabilities (2) Assets (1) Liabilities (2) Designated as hedging instruments: Cash flow hedges Foreign currency forward and option contracts $ 2,493 $ 14,327 $ 27,812 $ 21,352 Cross-currency interest rate swaps 35,950 — 19,239 — Net investment hedges Foreign currency forward contracts 2,981 16,668 25,077 4,805 Cross-currency interest rate swaps 131,583 — 274,234 — Total designated as hedging 173,007 30,995 346,362 26,157 Not designated as hedging instruments: Foreign currency forward contracts 3,662 70,340 58,230 7,531 Cross-currency interest rate swaps 80,350 — — — Total not designated as hedging 84,012 70,340 58,230 7,531 Total Derivatives $ 257,019 $ 101,335 $ 404,592 $ 33,688 (1) As presented in our consolidated balance sheets within other current assets and other assets. (2) As presented in our consolidated balance sheets within other current liabilities and other liabilities.
Schedule of Offsetting Derivative Assets and Liabilities	The following table presents information related to these offsetting arrangements, inclusive of accrued interest, as of December 31, 2023 and 2022 (in thousands): Gross Amounts Offset in Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts Gross Amounts not Offset in the Balance Sheet Net December 31, 2023 Derivative assets $ 282,316 $ — $ 282,316 $ (56,341) $ 225,975 Derivative liabilities 111,860 — 111,860 (56,341) 55,519 December 31, 2022 Derivative assets $ 424,516 $ — $ 424,516 $ (34,429) $ 390,087 Derivative liabilities 39,234 — 39,234 (34,429) 4,805
Schedule of Offsetting Derivative Assets and Liabilities	The following table presents information related to these offsetting arrangements, inclusive of accrued interest, as of December 31, 2023 and 2022 (in thousands): Gross Amounts Offset in Gross Amounts Gross Amounts Offset in the Balance Sheet Net Amounts Gross Amounts not Offset in the Balance Sheet Net December 31, 2023 Derivative assets $ 282,316 $ — $ 282,316 $ (56,341) $ 225,975 Derivative liabilities 111,860 — 111,860 (56,341) 55,519 December 31, 2022 Derivative assets $ 424,516 $ — $ 424,516 $ (34,429) $ 390,087 Derivative liabilities 39,234 — 39,234 (34,429) 4,805

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	Our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 were as follows (in thousands): Fair Value at December 31, 2023 Fair Value Level 1 Level 2 Assets: Money market and deposit accounts $ 1,603,942 $ 1,603,942 $ — Derivative instruments (1) 257,019 — 257,019 $ 1,860,961 $ 1,603,942 $ 257,019 Liabilities: Derivative instruments (1) $ 101,335 $ — $ 101,335 (1) Amounts are included within other current assets, other assets, other current liabilities and liabilities in the consolidated balance sheets. Our financial assets and liabilities measured at fair value on a recurring basis at December 31, 2022 were as follows (in thousands): Fair Value at Fair Value 2022 Level 1 Level 2 Assets: Money market and deposit accounts $ 764,628 $ 764,628 $ — Derivative instruments (1) 404,592 — 404,592 $ 1,169,220 $ 764,628 $ 404,592 Liabilities: Derivative instruments (1) $ 33,688 $ — $ 33,688 (1) Amounts are included within other current assets, other assets, other current liabilities and other liabilities in the consolidated balance sheets.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of Leases Entered into During the Period	The following table summarizes the significant lease transactions during the year ended December 31, 2023 (in thousands): Renewal/Termination Options Excluded (1) Net Incremental (2) Lease Quarter Transaction Lease Classification ROU assets ROU liabilities Chicago 1/2/4 ("CH1/2/4") data center lease expansion Q2 Expanded CH1 to additional space within the building (3) One 10-year renewal option Operating Lease $150,990 $176,316 Finance Lease 78,073 52,747 London 8 ("LD8") data center lease purchase Q4 163-year lease term following purchase of leasehold interest None Operating Lease (86,724) (83,033) Finance Lease 184,945 (39,613) (1) These renewal/termination options are not included in determining the lease terms as we are not reasonably certain to exercise them at this time. Certain complementary leases contain one additional 10-year renewal option. (2) The net incremental amounts represent the adjustments to the right-of-use assets and liabilities recorded during the quarter that the transactions were entered, including the effective termination of existing LD8 leases concurrent with the purchase of the 163-year leasehold interest. (3) The incremental balance includes the impact of reassessing lease terms of complementary leases of CH1, resulting in new lease end dates ranging from June 2037 to October 2040 from including renewal options that are reasonably certain to be exercised and in certain complementary leases changing classification.
Schedule of Components of lease expenses	The components of lease expenses are as follows (in thousands): Years Ended December 31, 2023 2022 2021 Finance lease cost Amortization of right-of-use assets (1) $ 166,266 $ 161,061 $ 157,057 Interest on lease liabilities 113,039 112,518 117,896 Total finance lease cost 279,305 273,579 274,953 Operating lease cost 243,434 213,619 221,776 Variable lease cost 62,206 41,237 33,066 Total lease cost $ 584,945 $ 528,435 $ 529,795 (1) Amortization of right-of-use assets is included within depreciation expense, and is recorded within cost of revenues, sales and marketing and general and administrative expenses in the consolidated statements of operations.
Schedule of Other Information Related to Leases	Other information related to leases is as follows (in thousands, except years and percent): Years Ended December 31, 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ 109,915 $ 109,514 $ 113,571 Operating cash flows from operating leases 231,269 197,356 258,719 Financing cash flows from finance leases 148,913 134,202 165,539 Right-of-use assets obtained in exchange for lease obligations: (1) Finance leases $ 208,683 $ 293,858 $ 412,214 Operating leases 210,938 355,040 10,446 As of December 31, 2023 2022 Weighted-average remaining lease term - finance leases (2) 14 years 15 years Weighted-average remaining lease term - operating leases (2) 12 years 12 years Weighted-average discount rate - finance leases 6 % 6 % Weighted-average discount rate - operating leases 5 % 4 % Finance lease right-of-use assets (3) $ 2,183,557 $ 2,018,070 (1) Represents all non-cash changes in right-of-use assets. (2) Includes lease renewal options that are reasonably certain to be exercised. (3) property, plant and equipment, net
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of December 31, 2023 are as follows (in thousands): Year ended December 31, Operating Leases Finance Leases Total 2024 $ 193,541 $ 252,296 $ 445,837 2025 204,876 278,244 483,120 2026 197,209 245,691 442,900 2027 177,937 250,254 428,191 2028 150,966 237,865 388,831 Thereafter 1,085,803 2,092,877 3,178,680 Total lease payments 2,010,332 3,357,227 5,367,559 Less imputed interest (548,254) (1,096,086) (1,644,340) Total $ 1,462,078 $ 2,261,141 $ 3,723,219
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of December 31, 2023 are as follows (in thousands): Year ended December 31, Operating Leases Finance Leases Total 2024 $ 193,541 $ 252,296 $ 445,837 2025 204,876 278,244 483,120 2026 197,209 245,691 442,900 2027 177,937 250,254 428,191 2028 150,966 237,865 388,831 Thereafter 1,085,803 2,092,877 3,178,680 Total lease payments 2,010,332 3,357,227 5,367,559 Less imputed interest (548,254) (1,096,086) (1,644,340) Total $ 1,462,078 $ 2,261,141 $ 3,723,219

Debt Facilities (Tables)

Debt Facilities (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	As of December 31, 2023 and 2022, our mortgage and loans payable consisted of the following (in thousands): 2023 2022 Term loans $ 642,657 $ 619,090 Mortgage payable and loans payable 29,037 34,527 671,694 653,617 Less amount representing unamortized debt discount and debt issuance cost (726) (1,062) 670,968 652,555 Less current portion (7,705) (9,847) $ 663,263 $ 642,708 Our senior notes consisted of the following as of December 31 (in thousands): 2023 2022 Senior Notes Issuance Date Maturity Date Amount Effective Rate Amount Effective Rate 2.625% Senior Notes due 2024 November 2019 November 2024 $ 1,000,000 2.79 % $ 1,000,000 2.79 % 1.250% Senior Notes due 2025 June 2020 July 2025 500,000 1.46 % 500,000 1.46 % 1.000% Senior Notes due 2025 October 2020 September 2025 700,000 1.18 % 700,000 1.18 % 2.900% Senior Notes due 2026 November 2019 November 2026 600,000 3.04 % 600,000 3.04 % 1.450% Senior Notes due 2026 May 2021 May 2026 700,000 1.64 % 700,000 1.64 % 0.250% Euro Senior Notes due 2027 March 2021 March 2027 552,050 0.45 % 534,950 0.45 % 1.800% Senior Notes due 2027 June 2020 July 2027 500,000 1.96 % 500,000 1.96 % 1.550% Senior Notes due 2028 October 2020 March 2028 650,000 1.67 % 650,000 1.67 % 2.000% Senior Notes due 2028 May 2021 May 2028 400,000 2.21 % 400,000 2.21 % 2.875% Swiss Franc Senior Notes due 2028 September 2023 September 2028 356,633 3.05 % — — % 3.200% Senior Notes due 2029 November 2019 November 2029 1,200,000 3.30 % 1,200,000 3.30 % 2.150% Senior Notes due 2030 June 2020 July 2030 1,100,000 2.27 % 1,100,000 2.27 % 2.500% Senior Notes due 2031 May 2021 May 2031 1,000,000 2.65 % 1,000,000 2.65 % 3.900% Senior Notes due 2032 April 2022 April 2032 1,200,000 4.07 % 1,200,000 4.07 % 1.000% Euro Senior Notes due 2033 March 2021 March 2033 662,460 1.18 % 641,940 1.18 % 2.000% Japanese Yen Series A Notes due 2035 March 2023 March 2035 266,888 2.07 % — — % 2.130% Japanese Yen Series C Notes due 2035 March 2023 March 2035 104,911 2.20 % — — % 2.370% Japanese Yen Series B Notes due 2043 March 2023 March 2043 72,516 2.42 % — — % 2.570% Japanese Yen Series D Notes due 2043 March 2023 March 2043 32,608 2.62 % — — % 2.570% Japanese Yen Series E Notes due 2043 February 2023 March 2043 70,886 2.62 % — — % 3.000% Senior Notes due 2050 June 2020 July 2050 500,000 3.09 % 500,000 3.09 % 2.950% Senior Notes due 2051 October 2020 September 2051 500,000 3.00 % 500,000 3.00 % 3.400% Senior Notes due 2052 May 2021 February 2052 500,000 3.50 % 500,000 3.50 % 13,168,952 12,226,890 Less amount representing unamortized debt discount and debt issuance cost (108,026) (117,351) 13,060,926 12,109,539 Less current portion (998,580) — $ 12,062,346 $ 12,109,539
Schedule of Optional Redemption	With respect to the rest of the Notes listed below, we may redeem at our election, at any time or from time to time, some or all of the notes of any series before they mature. The redemption price will equal the sum of (1) an amount equal to one hundred percent (100%) of the principal amount of the notes being redeemed plus accrued and unpaid interest up to, but not including, the redemption date and (2) a make-whole premium. If the Notes are redeemed on or after the First Par Call Date listed in the table below, the redemption price will not include a make-whole premium for the applicable notes. Senior Notes Description First Par Call Date 2.625% Senior Notes due 2024 October 18, 2024 1.250% Senior Notes due 2025 June 15, 2025 1.000% Senior Notes due 2025 August 15, 2025 1.450% Senior Notes due 2026 April 15, 2026 2.900% Senior Notes due 2026 September 18, 2026 0.250% Euro Senior Notes due 2027 January 15, 2027 1.800% Senior Notes due 2027 May 15, 2027 1.550% Senior Notes due 2028 January 15, 2028 2.000% Senior Notes due 2028 March 15, 2028 2.875% Swiss Franc Senior Notes due 2028 June 12, 2028 3.200% Senior Notes due 2029 August 18, 2029 2.150% Senior Notes due 2030 April 15, 2030 2.500% Senior Notes due 2031 February 15, 2031 3.900% Senior Notes due 2032 January 15, 2032 1.000% Euro Senior Notes due 2033 December 15, 2032 2.000% Japanese Yen Series A Notes due 2035 March 8, 2035 2.130% Japanese Yen Series C Notes due 2035 March 8, 2035 2.370% Japanese Yen Series B Notes due 2043 March 8, 2043 2.570% Japanese Yen Series D Notes due 2043 March 8, 2043 2.570% Japanese Yen Series E Notes due 2043 March 8, 2043 3.000% Senior Notes due 2050 January 15, 2050 2.950% Senior Notes due 2051 March 15, 2051 3.400% Senior Notes due 2052 August 15, 2051
Schedule of Maturities of Debt Instruments	The following table sets forth maturities of our debt, including mortgage and loans payable, and senior notes, gross of debt issuance costs and debt discounts, as of December 31, 2023 (in thousands): Years ending: 2024 $ 1,007,704 2025 1,206,322 2026 1,306,171 2027 1,694,016 2028 1,411,523 Thereafter 7,214,910 $ 13,840,646
Schedule of Fair Value of Debt Instruments	The following table sets forth the estimated fair values of our mortgage and loans payable and senior notes, including current maturities, as of December 31 (in thousands): 2023 2022 Fair Value Fair Value Fair Value Fair Value Level 1 Level 2 Level 1 Level 2 Mortgage and loans payable $ 684,222 $ — $ 684,222 $ 666,387 $ — $ 666,387 Senior notes 11,739,401 11,165,781 573,620 10,196,933 10,196,933 —
Schedule of Interest Charges Incurred	The following table sets forth total interest costs incurred, and total interest costs capitalized for the years ended December 31 (in thousands): 2023 2022 2021 Interest expense $ 402,022 $ 356,337 $ 336,082 Interest capitalized 25,971 18,152 24,505 Interest charges incurred $ 427,993 $ 374,489 $ 360,587

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Reserve for Authorized but Unissued Shares of Common Stock	As of December 31, 2023, we had reserved the following authorized but unissued shares of common stock for future issuances: Common stock options and restricted stock units 3,978,009 Common stock employee purchase plans 2,345,263 Total 6,323,272
Schedule of Components of Accumulated Other Comprehensive Loss, net of Tax	The changes in accumulated other comprehensive loss, net of tax, by components are as follows (in thousands): December 31, 2020 Net December 31, 2021 Net December 31, 2022 Net December 31, 2023 Foreign currency translation adjustment ("CTA") gain (loss) $ (508,415) $ (559,984) $ (1,068,399) $ (769,838) $ (1,838,237) $ 250,044 $ (1,588,193) Unrealized gain (loss) on cash flow hedges (1) (67,152) 60,562 (6,590) 40,543 33,953 (18,370) 15,583 Net investment hedge CTA gain (loss) (1) (336,934) 326,982 (9,952) 425,701 415,749 (131,883) 283,866 Net actuarial gain (loss) on defined benefit plans (2) (867) 57 (810) (101) (911) (462) (1,373) $ (913,368) $ (172,383) $ (1,085,751) $ (303,695) $ (1,389,446) $ 99,329 $ (1,290,117) (1) Refer to Note 8 for a discussion of the amounts reclassified from accumulated other comprehensive loss to net income. (2) We have a defined benefit pension plan covering all employees in two countries where such plans are mandated by law. We do not have any defined benefit plans in any other countries. The unamortized gain (loss) on defined benefit plans includes gains or losses resulting from a change in the value of either the projected benefit obligation or the plan assets resulting from a change in an actuarial assumption, net of amortization.
Schedule of Quarterly Dividend and Special Distributions	During the years ended December 31, 2023 , 2022 and 2021 , our Board of Directors declared quarterly dividends whose treatment for federal income tax purposes were as follows: Declaration Date Record Date Payment Date Total Distribution (1) Nonqualified Ordinary Dividend (2) Total Distribution Amount (per share) (in thousands) Fiscal 2023 2/15/2023 3/7/2023 3/22/2023 $ 3.410000 $ 3.410000 $ 318,736 5/3/2023 5/24/2023 6/21/2023 3.410000 3.410000 318,914 8/2/2023 8/23/2023 9/20/2023 3.410000 3.410000 319,308 10/25/2023 11/15/2023 12/13/2023 4.260000 4.260000 402,347 Total $ 14.490000 $ 14.490000 $ 1,359,305 Fiscal 2022 2/16/2022 3/7/2022 3/23/2022 $ 3.100000 $ 3.100000 $ 282,031 4/27/2022 5/18/2022 6/15/2022 3.100000 3.100000 282,168 7/27/2022 8/17/2022 9/21/2022 3.100000 3.100000 286,136 11/2/2022 11/16/2022 12/14/2022 3.100000 3.100000 286,868 Total $ 12.400000 $ 12.400000 $ 1,137,203 Fiscal 2021 2/10/2021 2/24/2021 3/17/2021 $ 2.870000 $ 2.870000 $ 256,321 4/28/2021 5/19/2021 6/16/2021 2.870000 2.870000 257,199 7/28/2021 8/18/2021 9/22/2021 2.870000 2.870000 257,769 11/3/2021 11/17/2021 12/15/2021 2.870000 2.870000 258,716 Total $ 11.480000 $ 11.480000 $ 1,030,005 (1) Common stock dividends are characterized for federal income tax purposes as nonqualified ordinary dividend, qualified ordinary dividend, capital gains or return of capital. During the years ended December 31, 2023, 2022 and 2021, we did not classify any portion of the distributions as qualified ordinary dividend, capital gains or return of capital. (2)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Shares Reserved and Shares Available for Grant	As of December 31, 2023, shares reserved and available for issuance under the equity compensation plans were as follows: Shares reserved Shares available for grant 2004 Purchase Plan 5,392,206 2,345,263 2020 Equity Incentive Plan 3,941,429 2,426,412
Schedule of Restricted Stock Unit activity	RSU activity is summarized as follows: Number of Shares Outstanding Weighted Average Grant Date Fair Value per Share Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value (1) (Dollars in Thousands) RSUs outstanding, December 31, 2020 1,337,634 $ 499.60 RSUs granted 776,628 679.59 RSUs released, vested (633,466) 505.40 Special distribution shares released (34) 297.03 RSUs canceled (123,168) 561.34 RSUs outstanding, December 31, 2021 1,357,594 594.27 RSUs granted 912,249 661.43 RSUs released, vested (668,733) 576.62 RSUs canceled (155,418) 624.98 RSUs outstanding, December 31, 2022 1,445,692 641.51 RSUs granted 990,667 699.07 RSUs released, vested (680,738) 644.90 Special distribution shares released (34) 297.03 RSUs canceled (203,990) 640.68 RSUs outstanding, December 31, 2023 1,551,597 $ 676.89 1.28 $ 1,249,640 (1) The intrinsic value is calculated based on the market value of the stock as of December 31, 2023.
Schedule of Disclosures for 2004 Purchase Plan	We provide the following disclosures for the 2004 Purchase Plan as of December 31 (dollars, except shares): 2023 2022 2021 Weighted-average purchase price per share $ 572.59 $ 568.29 $ 467.59 Weighted average grant-date fair value per award for shares purchased $ 206.83 $ 202.61 $ 138.80 Number of shares purchased 151,875 143,515 166,023
Schedule of Assumptions in Computation of Fair Value	We use the Black-Scholes option-pricing model to determine the fair value of shares under the 2004 Purchase Plan with the following assumptions during the years ended December 31: 2023 2022 2021 Range of dividend yield 1.69% - 1.78% 1.48 - 1.55% 1.58 - 1.77% Range of risk-free interest rate 4.57% - 5.30% 0.72 - 3.06% 0.01 - 0.21% Range of expected volatility 26.02% - 34.93% 25.73 - 37.20% 25.54 - 41.24% Weighted-average expected volatility 30.48 % 30.34 % 34.08 % Weighted average expected life (in years) 1.06 1.06 1.18
Schedule of Allocated share-based Compensation	The following table presents, by operating expense, our stock-based compensation expense recognized in our consolidated statement of operations for the years ended December 31 (in thousands): 2023 2022 2021 Cost of revenues $ 49,013 $ 45,028 $ 38,438 Sales and marketing 84,583 82,794 79,144 General and administrative 273,940 276,161 246,192 Total $ 407,536 $ 403,983 $ 363,774
Schedule of share-based Compensation by Plan	Our stock-based compensation expense recognized in the consolidated statement of operations was comprised of the following types of equity awards for the years ended December 31 (in thousands): 2023 2022 2021 RSUs $ 387,011 $ 359,952 $ 330,077 RSAs 1,752 9,793 10,067 Employee stock purchase plan 18,773 34,238 23,630 Total $ 407,536 $ 403,983 $ 363,774

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Before Income Taxes Attributable to Geographic Locations	Income before income taxes is attributable to the following geographic locations for the years ended December 31, (in thousands): 2023 2022 2021 Domestic $ 278,470 $ 334,486 $ 137,492 Foreign 845,760 494,883 471,460 Income before income taxes $ 1,124,230 $ 829,369 $ 608,952
Schedule of Components of Tax Benefit (Expenses) for Income Taxes	The tax expenses for income taxes consisted of the following components for the years ended December 31, (in thousands): 2023 2022 2021 Current: Federal $ 299 $ 1,679 $ 7,753 State and local (526) (892) (156) Foreign (150,179) (83,210) (76,450) Subtotal (150,406) (82,423) (68,853) Deferred: Federal (136) (16,284) 11,060 State and local 196 (5,024) (1,411) Foreign (4,904) (21,061) (50,020) Subtotal (4,844) (42,369) (40,371) Income tax expense $ (155,250) $ (124,792) $ (109,224)
Schedule of Income Tax Reconciliation	, 2022 and 2021 differed from the amounts computed by applying the U.S. federal income tax rate of 21% to pre-tax income as a result of the following for the years ended December 31 (in thousands): 2023 2022 2021 Federal tax at statutory rate $ (236,088) $ (174,168) $ (127,880) State and local tax expense (331) (5,916) (1,513) Deferred tax assets generated in current year not benefited (33,810) (39,196) (19,703) Foreign income tax rate differential (13,634) (12,379) (18,918) Non-deductible expenses (6,470) (5,995) (10,579) Stock-based compensation expense (8,981) (8,321) (1,385) Change in valuation allowance 1,744 (19,793) (595) Foreign financing activities (3,642) (5,519) (4,805) Uncertain tax positions reserve 20,683 45,317 50,059 Tax adjustments related to REIT 131,757 107,312 39,164 Change in deferred tax adjustments (2,572) (239) (1,251) Effect of tax rate change on deferred tax assets (1,872) (3,126) (12,297) Other, net (2,034) (2,769) 479 Total income tax expense $ (155,250) $ (124,792) $ (109,224)
Schedule of Deferred Tax Assets and Liabilities	The types of temporary differences that give rise to significant portions of our deferred tax assets and liabilities are set out below as of December 31 (in thousands): 2023 2022 Deferred tax assets: Stock-based compensation expense $ 9,073 $ 9,002 Net unrealized losses 10,843 3,988 Operating lease liabilities 220,745 253,005 Finance lease liabilities 14,591 — Deferred revenue 16,625 13,887 Goodwill — 20,511 Loss carryforwards and tax credits 232,471 142,270 Others, net 6,600 32,543 Gross deferred tax assets 510,948 475,206 Valuation allowance (220,848) (166,594) Total deferred tax assets, net 290,100 308,612 Deferred tax liabilities: Finance lease liabilities — (8,033) Property, plant and equipment (252,434) (221,343) Right-of-use assets (224,253) (256,837) Deferred income (26,116) (28,314) Goodwill (3,074) — Intangible assets (116,070) (132,816) Total deferred tax liabilities (621,947) (647,343) Net deferred tax liabilities $ (331,847) $ (338,731)
Schedule of Changes in Valuation Allowance for Deferred Tax Assets	Changes in the valuation allowance for deferred tax assets for the years ended December 31, 2023, 2022 and 2021 are as follows (in thousands): 2023 2022 2021 Beginning balance $ 166,594 $ 100,746 $ 82,344 Amounts from acquisitions 10,459 13,458 964 Amounts recognized into income (1,744) 22,905 595 Current increase 44,002 36,513 19,539 Impact of foreign currency exchange 1,537 (7,028) (2,696) Ending balance $ 220,848 $ 166,594 $ 100,746
Schedule of Net operating Loss Carryforwards	Our net operating loss carryforwards for federal, state and foreign tax purposes which expire, if not utilized, at various intervals from 2024, are outlined below (in thousands): Expiration Date Federal State Foreign (1) (2) Total 2024 $ 819 $ 24 $ 9,736 $ 10,579 2025 to 2027 2,457 — 34,463 36,920 2028 to 2030 — — 40,604 40,604 2031 to 2033 — 667 9,845 10,512 2034 to 2036 2,441 324 20,286 23,051 2037 to 2039 2,886 2,618 19,177 24,681 Thereafter 248,941 89,574 624,744 963,259 $ 257,544 $ 93,207 $ 758,855 $ 1,109,606 (1) In certain jurisdictions, the net operating loss carryforwards can only be used to offset a percentage of taxable income in a given year. (2) If certain substantial changes in the entity's ownership occur or have determined to have occurred, there may be a limitation on the amount of the carryforwards that can be utilized.
Schedule of Reconciliation of Unrecognized Tax Benefits	The beginning and ending balances of our unrecognized tax benefits are reconciled below for the years ended December 31 (in thousands): 2023 2022 2021 Beginning balance $ 89,237 $ 148,300 $ 207,759 Gross increases related to prior year tax positions 2,989 1,401 4,547 Gross decreases related to prior year tax positions (16,767) (43,575) (58,356) Gross increases related to current year tax positions 4,395 7,004 10,000 Decreases resulting from expiration of statute of limitation (10,138) (11,969) (10,561) Decreases resulting from settlements — (11,924) (5,089) Ending balance $ 69,716 $ 89,237 $ 148,300

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table presents the revenues and expenses from these arrangements with the Joint Ventures in our consolidated statements of operations (in thousands): Years Ended December 31, Related Party Nature of Transaction 2023 2022 2021 EMEA 1 Joint Venture Revenues $ 28,962 $ 39,065 $ 42,387 EMEA 1 Joint Venture Expenses (1) 16,900 7,686 8,303 VIE Joint Ventures (2) Revenues 106,665 40,284 28,320 (1) Balances primarily consist of rent expenses for a 15-year sub-lease agreement with the EMEA 1 Joint Venture for a London data center. (2) Expenses from transactions with VIE Joint Ventures were insignificant for the years ended December 31, 2023, 2022 and 2021. The following table presents the assets and liabilities from related party transactions with the Joint Ventures in our consolidated balance sheets (in thousands): As of December 31, Related Party Balance Sheet 2023 2022 EMEA 1 Joint Venture Accounts receivable, net $ 18,946 $ 25,717 Other current assets (1) 19,099 55,473 Property, plant and equipment, net (2) 97,436 100,968 Operating lease right-of-use assets 1,921 — Other current liabilities 9,182 1,857 Finance lease liabilities 110,677 108,603 Operating lease liabilities 1,954 — Other liabilities (3) 50,002 33,773 VIE Joint Ventures Accounts receivable, net 23,020 14,076 Other current assets (1) 42,829 11,140 Property, plant and equipment, net (2) 72,113 — Operating lease right-of-use assets 1,788 — Other assets (1) 20,624 — Other current liabilities 5,774 — Finance lease liabilities 75,061 — Operating lease liabilities 1,700 — (1) The balance primarily relates to contract assets and other receivables. (2) The balance relates to finance lease right-of-use assets. (3) 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. Years ended December 31, 2023 2022 2021 Revenues $ 309,509 $ 236,464 $ 140,947 Costs and services 37,945 58,932 5,337 As of December 31, 2023 2022 Accounts receivable, net $ 33,405 $ 25,990 Accounts payable 45 665

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Revenue Information Disaggregated by Service Lines and Geographic Areas	The following tables present revenue information disaggregated by product lines and geographic areas (in thousands): Year Ended December 31, 2023 Americas EMEA Asia-Pacific Total Colocation (1) $ 2,365,049 $ 2,112,168 $ 1,288,844 $ 5,766,061 Interconnection 820,007 307,337 266,966 1,394,310 Managed infrastructure 249,779 130,061 71,833 451,673 Other (1) 22,118 98,591 11,978 132,687 Recurring revenues 3,456,953 2,648,157 1,639,621 7,744,731 Non-recurring revenues 160,539 189,697 93,169 443,405 Total $ 3,617,492 $ 2,837,854 $ 1,732,790 $ 8,188,136 (1) Includes some leasing and hedging activities. Year Ended December 31, 2022 Americas EMEA Asia-Pacific Total Colocation (1) $ 2,187,751 $ 1,744,121 $ 1,150,738 $ 5,082,610 Interconnection 756,214 268,398 243,664 1,268,276 Managed infrastructure 218,499 119,361 77,646 415,506 Other (1) 20,727 75,449 8,719 104,895 Recurring revenues 3,183,191 2,207,329 1,480,767 6,871,287 Non-recurring revenues 166,026 135,875 89,917 391,818 Total $ 3,349,217 $ 2,343,204 $ 1,570,684 $ 7,263,105 (1) Includes some leasing and hedging activities. Year Ended December 31, 2021 Americas EMEA Asia-Pacific Total Colocation (1) $ 2,002,253 $ 1,597,830 $ 1,042,131 $ 4,642,214 Interconnection 678,677 259,538 223,287 1,161,502 Managed infrastructure 168,577 124,937 87,343 380,857 Other (1) 12,430 19,626 3,856 35,912 Recurring revenues 2,861,937 2,001,931 1,356,617 6,220,485 Non-recurring revenues 159,814 153,285 101,953 415,052 Total $ 3,021,751 $ 2,155,216 $ 1,458,570 $ 6,635,537 (1)
Schedule of Adjusted EBITDA	We define adjusted EBITDA as net income excluding income tax expense, interest income, interest expense, other income or expense, gain or loss on debt extinguishment, depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, transaction costs and gain or loss on asset sales as presented below for the years ended December 31 (in thousands): 2023 2022 2021 Adjusted EBITDA: Americas $ 1,613,696 $ 1,521,775 $ 1,326,460 EMEA 1,251,276 1,109,502 1,033,333 Asia-Pacific 836,869 738,423 784,591 Total adjusted EBITDA 3,701,841 3,369,700 3,144,384 Depreciation, amortization and accretion expense (1,843,665) (1,739,374) (1,660,524) Stock-based compensation expense (407,536) (403,983) (363,774) Transaction costs (12,412) (21,839) (22,769) Gain (loss) on asset sales 5,046 (3,976) 10,845 Interest income 94,227 36,268 2,644 Interest expense (402,022) (356,337) (336,082) Other expense (11,214) (51,417) (50,647) Gain (loss) on debt extinguishment (35) 327 (115,125) Income before income taxes $ 1,124,230 $ 829,369 $ 608,952
Schedule of Continuing Operations	We also provide the following segment disclosures related to our operations as follows for the years ended December 31 (in thousands): 2023 2022 2021 Depreciation and amortization: Americas $ 1,000,976 $ 931,357 $ 865,910 EMEA 499,888 458,156 455,651 Asia-Pacific 344,274 346,695 334,729 Total $ 1,845,138 $ 1,736,208 $ 1,656,290 Capital expenditures: Americas $ 1,626,953 $ 1,139,309 $ 970,217 EMEA 717,471 750,569 1,049,279 Asia-Pacific 436,594 388,126 732,016 Total $ 2,781,018 $ 2,278,004 $ 2,751,512
Schedule of Segment Long-Lived Assets	Our long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, are located in the following geographic areas as of December 31 (in thousands): 2023 2022 Americas (1) $ 8,610,354 $ 7,532,125 EMEA 6,321,164 5,577,498 Asia-Pacific 3,669,315 3,539,911 Total Property, plant and equipment, net $ 18,600,833 $ 16,649,534 (1) Includes $6.7 billion and $6.0 billion, respectively, of property, plant and equipment, net attributed to the U.S. as of December 31, 2023 and 2022. 2023 2022 Americas (1) $ 421,268 $ 263,148 EMEA 367,865 440,139 Asia-Pacific 659,757 724,663 Total Operating lease right-of-use assets $ 1,448,890 $ 1,427,950 (1) Includes $398.3 million and $244.7 million of operating lease ROU assets attributed to the U.S. as of December 31, 2023 and 2022, respectively.

Nature of Business and Summar_4

Nature of Business and Summary of Significant Accounting Policies - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) segment center provider country	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	May 02, 2022 center	Apr. 01, 2022 center	Sep. 01, 2021 center
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of network providers that provide internet access (more than) | provider	2,000
Data centers sites | center	241
Number of markets | country	70
Cash equivalents maturity period (in days)	90 days	90 days
Equity method investments, impairment charges	$ 0	$ 0	$ 0
Non-marketable equity investments, impairment charges	$ 0	0	0
Number of reportable segments | segment	3
Goodwill impairment	$ 0	0	0
Impairment charges, intangible assets	$ 0	0	0
Percentage of recurring revenue	90%
Contract cost, amortization period	6 years
Property, plant and equipment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Impairment charges on property plant and equipment	$ 0	$ 0	$ 0
RSU
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Vesting period	4 years
RSA
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Vesting period	3 years
GPX India Acquisition
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of data centers acquired | center						2
MainOne
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of data centers acquired | center					4
Empresa Nacional De Telecomunicaciones S.A.
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of data centers acquired | center				4
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Short term investment maturity (in days and years)	90 days
Payment terms	30
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Short term investment maturity (in days and years)	1 year
Payment terms	45
Paris IBX Data Center | Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue, requirement of payment, terms	1
Paris IBX Data Center | Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenue, requirement of payment, terms	5 years
Executive Officer | Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Vesting period	2 years
Executive Officer | Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Vesting period	4 years

Nature of Business and Summar_5

Nature of Business and Summary of Significant Accounting Policies - Schedule of Revenue by Geographical Region (Details) - Geographic Concentration Risk - Revenues	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Americas
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Percentages of revenue by geographic regions	44%	46%	46%
EMEA
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Percentages of revenue by geographic regions	35%	32%	32%
Asia-Pacific
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Percentages of revenue by geographic regions	21%	22%	22%

Nature of Business and Summar_6

Nature of Business and Summary of Significant Accounting Policies - Estimated Useful Lives of Property, Plant and Equipment (Details)	Dec. 31, 2023
Core systems | Minimum
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life, in years	3 years
Core systems | Maximum
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life, in years	40 years
Buildings | Minimum
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life, in years	12 years
Buildings | Maximum
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life, in years	60 years
Leasehold improvements | Minimum
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life, in years	12 years
Leasehold improvements | Maximum
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life, in years	40 years
Personal Property, including capitalized internal-use software | Minimum
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life, in years	3 years
Personal Property, including capitalized internal-use software | Maximum
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life, in years	10 years

Revenue - Schedule of Opening a

Revenue - Schedule of Opening and Closing Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 1,003,792	$ 855,380	$ 681,809
Increase (decrease) in accounts receivables	148,412	173,571
Contract assets, current	51,991	27,608	65,392
Increase (decrease) in Contract asset, current	24,383	(37,784)
Contract assets, non-current	85,912	55,405	55,486
Increase (decrease) in Contract asset, non-current	30,507	(81)
Deferred revenue, current	124,945	132,090	109,736
Increase (decrease) in Deferred revenue, current	(7,145)	22,354
Deferred revenue, non-current	154,047	155,334	$ 87,495
Increase (decrease) in Deferred revenue, non-current	$ (1,287)	$ 67,839

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, revenue recognized	$ 95,100,000	$ 82,800,000	$ 93,100,000
Contract cost impairment	0	0	0
Contract costs	422,634,000	371,306,000
Capitalized contract cost, amortization	103,200,000	$ 96,000,000	$ 87,600,000
Revenue, remaining performance obligation	$ 10,100,000,000
Renewal term	1 year
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, requirement of payment, terms	1 year
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, requirement of payment, terms	5 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, requirement of payment, terms	2 years
Revenue, remaining performance obligation, percentage	70%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, requirement of payment, terms	3 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, requirement of payment, terms	5 years

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Thousands, ₨ in Billions						12 Months Ended
	Aug. 01, 2022 USD ($)	May 02, 2022 USD ($) center	Apr. 01, 2022 USD ($) center	Sep. 01, 2021 USD ($) center	Sep. 01, 2021 INR (₨) center	Dec. 31, 2023 USD ($) acquisition	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Business Acquisition [Line Items]
Number of acquisitions | acquisition						3
Revenues						$ 8,188,136	$ 7,263,105	$ 6,635,537
Entel Chile
Business Acquisition [Line Items]
Consideration transferred		$ 638,300
Number of data centers acquired | center		4
Entel Peru
Business Acquisition [Line Items]
Consideration transferred	$ 80,300
MainOne
Business Acquisition [Line Items]
Consideration transferred			$ 278,400
Number of data centers acquired | center			4
GPX
Business Acquisition [Line Items]
Number of data centers acquired | center				2	2
Cash consideration for acquisition				$ 170,500	₨ 12.5
Revenues						6,900
Entel Chile, Entel Peru, And MainOne
Business Acquisition [Line Items]
Revenues of acquiree						89,900
Net income from continuing operations						8,200
Entel Chile and Entel Peru
Business Acquisition [Line Items]
Transaction costs						$ 7,200

Acquisitions - Schedule of Prel

Acquisitions - Schedule of Preliminary Purchase Price Allocation (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Apr. 01, 2022	Dec. 31, 2021	Dec. 31, 2020
Allocation of purchase price consideration
Goodwill	$ 5,737,122	$ 5,654,217		$ 5,372,071	$ 5,472,553
Entel Chile
Allocation of purchase price consideration
Cash and cash equivalents	0
Accounts receivable	0
Other current assets	12,424
Property, plant and equipment	81,132
Intangible assets	153,489
Goodwill	380,867
Deferred tax and other assets	12,090
Total assets acquired	640,002
Accounts payable and accrued liabilities	(195)
Other current liabilities	0
Mortgage and loans payable	0
Deferred tax and other liabilities	(1,463)
Net assets acquired	638,344
Entel Peru
Allocation of purchase price consideration
Cash and cash equivalents	0
Accounts receivable	0
Other current assets	0
Property, plant and equipment	13,423
Intangible assets	10,000
Goodwill	46,285
Deferred tax and other assets	10,801
Total assets acquired	80,509
Accounts payable and accrued liabilities	0
Other current liabilities	0
Mortgage and loans payable	0
Deferred tax and other liabilities	(167)
Net assets acquired	80,342
MainOne
Allocation of purchase price consideration
Cash and cash equivalents	33,026
Accounts receivable	9,431
Other current assets	21,988
Property, plant and equipment	239,583
Intangible assets	54,800
Goodwill	110,665
Deferred tax and other assets	5,879
Total assets acquired	475,372
Accounts payable and accrued liabilities	(18,525)
Other current liabilities	(13,061)
Mortgage and loans payable	(25,944)
Deferred tax and other liabilities	(139,492)
Net assets acquired	$ 278,350
Deferred revenue, current			$ 9,900
Deferred revenue, noncurrent			$ 95,400

Acquisitions - Schedule of Inta

Acquisitions - Schedule of Intangible Assets (Details) $ in Thousands				12 Months Ended
	Aug. 01, 2022 USD ($)	May 02, 2022 USD ($)	Apr. 01, 2022 USD ($)	Dec. 31, 2022 USD ($)
Entel Chile
Business Acquisition [Line Items]
Fair Value				$ 153,489
Entel Peru
Business Acquisition [Line Items]
Fair Value				10,000
MainOne
Business Acquisition [Line Items]
Fair Value				$ 54,800
Customer relationships | Entel Chile
Business Acquisition [Line Items]
Fair Value		$ 153,489
Weighted-average Estimated Useful Lives (Years)		14 years
Customer relationships | Entel Chile | Minimum
Business Acquisition [Line Items]
Estimated Useful Lives (Years)		12 years
Customer relationships | Entel Chile | Maximum
Business Acquisition [Line Items]
Estimated Useful Lives (Years)		15 years
Customer relationships | Entel Chile | Discount Rate | Minimum
Business Acquisition [Line Items]
Discount Rate		0.085
Customer relationships | Entel Chile | Discount Rate | Maximum
Business Acquisition [Line Items]
Discount Rate		0.095
Customer relationships | Entel Peru
Business Acquisition [Line Items]
Fair Value	$ 10,000
Estimated Useful Lives (Years)	15 years
Weighted-average Estimated Useful Lives (Years)	15 years
Customer relationships | Entel Peru | Discount Rate
Business Acquisition [Line Items]
Discount Rate	0.070
Customer relationships | MainOne
Business Acquisition [Line Items]
Fair Value			$ 51,500
Weighted-average Estimated Useful Lives (Years)			14 years
Customer relationships | MainOne | Minimum
Business Acquisition [Line Items]
Estimated Useful Lives (Years)			10 years
Customer relationships | MainOne | Maximum
Business Acquisition [Line Items]
Estimated Useful Lives (Years)			15 years
Customer relationships | MainOne | Discount Rate
Business Acquisition [Line Items]
Discount Rate			0.115
Trade names | MainOne
Business Acquisition [Line Items]
Fair Value			$ 3,300
Estimated Useful Lives (Years)			5 years
Weighted-average Estimated Useful Lives (Years)			5 years
Trade names | MainOne | Discount Rate
Business Acquisition [Line Items]
Discount Rate			0.115
Trade names | MainOne | Royalty Method, Royalty Rate
Business Acquisition [Line Items]
Discount Rate			0.010

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net income	$ 968,980	$ 704,577	$ 499,728
Net (income) loss attributable to non-controlling interests	198	(232)	463
Net income attributable to common shareholders	$ 969,178	$ 704,345	$ 500,191
Weighted-average shares used to calculate basic EPS (in shares)	93,615	91,569	89,772
Effect of dilutive securities:
Employee equity awards (in shares)	394	259	637
Weighted-average shares used to calculate diluted EPS (in shares)	94,009	91,828	90,409
Basic EPS (in dollars per share)	$ 10.35	$ 7.69	$ 5.57
Diluted EPS (in dollars per share)	$ 10.31	$ 7.67	$ 5.53

Earnings Per Share - Schedule_2

Earnings Per Share - Schedule of Anti-dilutive Potential Shares of Common Stock Excluded from Computation of Earnings Per Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock related to employee equity awards (in shares)	68	582	206
Common stock related to employee equity awards and other
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common stock related to employee equity awards (in shares)	68	582	206

Assets Held for Sale (Details)

Assets Held for Sale (Details) - USD ($) $ in Thousands	1 Months Ended
	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Dec. 31, 2023	Mar. 10, 2023	Dec. 31, 2022
Long Lived Assets Held-for-sale [Line Items]
Equity method investments					$ 468,231		$ 348,145
Assets held for sale					$ 0		84,316
Accrued property, plant and equipment							$ 10,500
EMEA 2 Joint Venture | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Warsaw 4 ("WA4") Data Center Site
Long Lived Assets Held-for-sale [Line Items]
Term of transaction (in years)				2 years
Consideration		$ 61,500
Asia-Pacific Joint Venture 2
Long Lived Assets Held-for-sale [Line Items]
Ownership Percentage			20%
Equity method investments			$ 29,800
Asia-Pacific Joint Venture 2 | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Sydney 9 ("SY9") Data Center Site
Long Lived Assets Held-for-sale [Line Items]
Consideration			201,300
Proceeds from sale of data centers			165,600
Interest in Joint Venture			$ 5,900
AMER 1 Joint Venture
Long Lived Assets Held-for-sale [Line Items]
Ownership Percentage	20%					20%
Equity method investments	$ 8,400					$ 8,400
AMER 1 Joint Venture | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Mexico 3 ("MX3") Data Center Site
Long Lived Assets Held-for-sale [Line Items]
Consideration	75,100
Proceeds from sale of data centers	63,900
Interest in Joint Venture	$ 2,800

Equity Method Investments - Sch

Equity Method Investments - Schedule of Equity Method Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 468,231	$ 348,145
EMEA 1 Joint Venture with GIC
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	20%
Equity method investments	$ 150,172	148,895
VIE Joint Ventures | Variable Interest Entity, Not Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	20%
Equity method investments	$ 308,128	191,680
Other
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 9,931	$ 7,570

Equity Method Investments - Nar

Equity Method Investments - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2023	Mar. 10, 2023	Apr. 06, 2022
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 468,231	$ 348,145
Equity method investments	11,700	8,600
EMEA 1 Joint Venture with GIC
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 150,172	$ 148,895
Ownership Percentage	20%
EMEA 1 Joint Venture with GIC | Equity Contribution Commitment
Schedule of Equity Method Investments [Line Items]
Equity contribution commitment	$ 13,000
Asia-Pacific 3 Joint Venture
Schedule of Equity Method Investments [Line Items]
Equity method investments					$ 17,000
Ownership Percentage					20%
AMER 1 Joint Venture
Schedule of Equity Method Investments [Line Items]
Equity method investments			$ 8,400	$ 8,400
Ownership Percentage			20%	20%

Equity Method Investments - S_2

Equity Method Investments - Schedule of Maximum Exposure Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Equity Investment	$ 468,231	$ 348,145
Accounts receivable, net	1,003,792	855,380	$ 681,809
Joint Venture | VIE Joint Ventures
Variable Interest Entity [Line Items]
Accounts receivable, net	23,020	14,076
Contract Assets	$ 55,967
EMEA 2 Joint Venture | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Ownership Percentage	20%
EMEA 2 Joint Venture | Variable Interest Entity, Not Primary Beneficiary | EMEA 2 Joint Venture Credit Facility
Variable Interest Entity [Line Items]
Maximum future payments under debt guarantees	$ 209,000
Percentage guarantee on debt payments	0.20
VIE Joint Ventures | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Equity Investment	$ 308,128	$ 191,680
Future equity contribution commitments	39,610
Total	$ 635,765
Ownership Percentage	20%
VIE Joint Ventures | Variable Interest Entity, Not Primary Beneficiary | EMEA 2 Joint Venture Credit Facility
Variable Interest Entity [Line Items]
Maximum future payments under debt guarantees	$ 209,040

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash and cash equivalents:
Cash and cash equivalents	$ 2,095,712	$ 1,906,421	$ 1,536,358
Cash equivalents maturity period (in days)	90 days	90 days
Cash
Cash and cash equivalents:
Cash and cash equivalents	$ 491,770	$ 1,141,793
Money market funds
Cash and cash equivalents:
Cash and cash equivalents	$ 1,603,942	$ 764,628

Balance Sheet Components - Sc_2

Balance Sheet Components - Schedule of Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
Accounts receivable	$ 1,020,968	$ 867,605
Allowance for credit losses	(17,176)	(12,225)	$ (11,635)	$ (10,677)
Accounts receivable, net	$ 1,003,792	$ 855,380	$ 681,809

Balance Sheet Components - Sc_3

Balance Sheet Components - Schedule of Activities of Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 12,225	$ 11,635	$ 10,677
Provision for credit losses	14,835	7,426	10,016
Net write-offs	(9,097)	(6,356)	(8,295)
Impact of foreign currency exchange	(787)	(480)	(763)
Ending Balance	$ 17,176	$ 12,225	$ 11,635

Balance Sheet Components - Sc_4

Balance Sheet Components - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Taxes receivable	$ 167,140	$ 122,166
Prepaid expenses, current	99,790	79,191
Other receivables	80,349	109,948
Contract assets, current	51,991	27,608	$ 65,392
Derivative instruments, current	43,995	105,693
Other current assets	24,928	14,532
Total other current assets	468,193	459,138
Restricted cash, current	$ 500	$ 1,700

Balance Sheet Components - Sc_5

Balance Sheet Components - Schedule of Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 29,201,759	$ 25,982,491
Less accumulated depreciation	(10,600,926)	(9,332,957)
Property, plant and equipment, net	18,600,833	16,649,534
Core systems
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	12,603,760	11,616,863
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,971,547	8,013,672
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,045,523	1,991,060
Internal-use software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,935,989	1,580,485
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,917,932	1,195,042
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,406,784	1,252,993
Personal property
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 320,224	$ 332,376

Balance Sheet Components - Sc_6

Balance Sheet Components - Schedule of Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill And Intangible Assets [Line Items]
Goodwill	$ 5,737,122	$ 5,654,217	$ 5,372,071	$ 5,472,553
Intangible assets, gross	3,011,910	2,996,602
Accumulated amortization	(1,307,040)	(1,098,953)
Total	1,704,870	1,897,649	1,935,267	2,170,945
Customer relationships
Goodwill And Intangible Assets [Line Items]
Intangible assets, gross	2,892,366	2,885,152
Accumulated amortization	(1,254,976)	(1,056,844)
Trade names
Goodwill And Intangible Assets [Line Items]
Intangible assets, gross	13,441	14,719
Accumulated amortization	(3,830)	(4,561)
In-place leases
Goodwill And Intangible Assets [Line Items]
Intangible assets, gross	29,674	22,183
Accumulated amortization	(20,163)	(15,797)
Licenses
Goodwill And Intangible Assets [Line Items]
Intangible assets, gross	9,697	9,697
Accumulated amortization	(7,113)	(6,467)
At-the-money lease contracts
Goodwill And Intangible Assets [Line Items]
Intangible assets, gross	58,639	56,822
Accumulated amortization	(15,368)	(10,056)
Others
Goodwill And Intangible Assets [Line Items]
Intangible assets, gross	8,093	8,029
Accumulated amortization	(5,590)	(5,228)
Americas
Goodwill And Intangible Assets [Line Items]
Goodwill	2,630,583	2,630,752	2,210,009	2,212,782
Total	1,216,673	1,350,314	1,327,753	1,463,089
EMEA
Goodwill And Intangible Assets [Line Items]
Goodwill	2,467,209	2,377,921	2,472,586	2,611,166
Total	358,314	401,407	431,942	518,027
Asia-Pacific
Goodwill And Intangible Assets [Line Items]
Goodwill	639,330	645,544	689,476	648,605
Total	$ 129,883	$ 145,928	$ 175,572	$ 189,829

Balance Sheet Components - Sc_7

Balance Sheet Components - Schedule of Carrying Amount of Goodwill by Geographical Regions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 5,654,217	$ 5,372,071	$ 5,472,553
Impact of foreign currency exchange	(82,905)	255,654	177,644
Goodwill, ending balance	5,737,122	5,654,217	5,372,071
GPX
Goodwill [Roll Forward]
Goodwill acquired during the period			77,162
MainOne
Goodwill [Roll Forward]
Goodwill acquired during the period		110,648
Goodwill, ending balance	110,665
Entel Chile
Goodwill [Roll Forward]
Goodwill acquired during the period		380,867
Goodwill, ending balance	380,867
Entel Peru
Goodwill [Roll Forward]
Goodwill acquired during the period		46,285
Goodwill, ending balance	46,285
Americas
Goodwill [Roll Forward]
Goodwill, beginning balance	2,630,752	2,210,009	2,212,782
Impact of foreign currency exchange	169	6,409	2,773
Goodwill, ending balance	2,630,583	2,630,752	2,210,009
Americas | GPX
Goodwill [Roll Forward]
Goodwill acquired during the period			0
Americas | MainOne
Goodwill [Roll Forward]
Goodwill acquired during the period		0
Americas | Entel Chile
Goodwill [Roll Forward]
Goodwill acquired during the period		380,867
Americas | Entel Peru
Goodwill [Roll Forward]
Goodwill acquired during the period		46,285
EMEA
Goodwill [Roll Forward]
Goodwill, beginning balance	2,377,921	2,472,586	2,611,166
Impact of foreign currency exchange	(89,288)	205,313	138,580
Goodwill, ending balance	2,467,209	2,377,921	2,472,586
EMEA | GPX
Goodwill [Roll Forward]
Goodwill acquired during the period			0
EMEA | MainOne
Goodwill [Roll Forward]
Goodwill acquired during the period		110,648
EMEA | Entel Chile
Goodwill [Roll Forward]
Goodwill acquired during the period		0
EMEA | Entel Peru
Goodwill [Roll Forward]
Goodwill acquired during the period		0
Asia-Pacific
Goodwill [Roll Forward]
Goodwill, beginning balance	645,544	689,476	648,605
Impact of foreign currency exchange	6,214	43,932	36,291
Goodwill, ending balance	$ 639,330	645,544	689,476
Asia-Pacific | GPX
Goodwill [Roll Forward]
Goodwill acquired during the period			$ 77,162
Asia-Pacific | MainOne
Goodwill [Roll Forward]
Goodwill acquired during the period		0
Asia-Pacific | Entel Chile
Goodwill [Roll Forward]
Goodwill acquired during the period		0
Asia-Pacific | Entel Peru
Goodwill [Roll Forward]
Goodwill acquired during the period		$ 0

Balance Sheet Components - Sc_8

Balance Sheet Components - Schedule of Net Book Value of Intangible Assets by Geographic Regions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-lived Intangible Assets [Roll Forward]
Intangible assets, net beginning balance	$ 1,897,649	$ 1,935,267	$ 2,170,945
Amortization of intangibles	(209,063)	(204,755)	(205,484)
Impact of foreign currency exchange	7,779	(51,152)	(45,666)
Intangible assets, net ending balance	1,704,870	1,897,649	1,935,267
GPX
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period			15,472
Entel Chile
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		153,489
Entel Peru
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		10,000
MainOne
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		54,800
Other Asset Acquisition
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		8,505
Americas
Finite-lived Intangible Assets [Roll Forward]
Intangible assets, net beginning balance	1,350,314	1,327,753	1,463,089
Amortization of intangibles	(140,858)	(137,358)	(133,289)
Impact of foreign currency exchange	(53)	(3,570)	(2,047)
Intangible assets, net ending balance	1,216,673	1,350,314	1,327,753
Americas | GPX
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period			0
Americas | Entel Chile
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		153,489
Americas | Entel Peru
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		10,000
Americas | MainOne
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		0
Americas | Other Asset Acquisition
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		7,270
EMEA
Finite-lived Intangible Assets [Roll Forward]
Intangible assets, net beginning balance	401,407	431,942	518,027
Amortization of intangibles	(54,160)	(52,283)	(55,807)
Impact of foreign currency exchange	11,067	(33,052)	(30,278)
Intangible assets, net ending balance	358,314	401,407	431,942
EMEA | GPX
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period			0
EMEA | Entel Chile
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		0
EMEA | Entel Peru
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		0
EMEA | MainOne
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		54,800
EMEA | Other Asset Acquisition
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		0
Asia-Pacific
Finite-lived Intangible Assets [Roll Forward]
Intangible assets, net beginning balance	145,928	175,572	189,829
Amortization of intangibles	(14,045)	(15,114)	(16,388)
Impact of foreign currency exchange	(3,235)	(14,530)	(13,341)
Intangible assets, net ending balance	$ 129,883	145,928	175,572
Asia-Pacific | GPX
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period			$ 15,472
Asia-Pacific | Entel Chile
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		0
Asia-Pacific | Entel Peru
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		0
Asia-Pacific | MainOne
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		0
Asia-Pacific | Other Asset Acquisition
Finite-lived Intangible Assets [Roll Forward]
Intangible assets acquired during period		$ 1,235

Balance Sheet Components - Sc_9

Balance Sheet Components - Schedule of Estimated Future Amortization Expense Related to Intangibles (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 208,982
2025	206,550
2026	204,913
2027	202,604
2028	201,189
Thereafter	680,632
Total	$ 1,704,870	$ 1,897,649	$ 1,935,267	$ 2,170,945

Balance Sheet Components - S_10

Balance Sheet Components - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Equity method investments	$ 468,231	$ 348,145
Contract costs	422,634	371,306
Derivative instruments, non-current	213,024	298,899
Prepaid expenses, non-current	134,204	66,393
Deferred CCA implementation costs	105,364	84,224
Contract assets, non-current	85,912	55,405	$ 55,486
Deferred tax assets, net	62,238	44,628
Deposits	59,698	64,337
Debt issuance costs, net	5,124	6,831
Other assets	34,883	35,969
Total other assets	1,591,312	1,376,137
Restricted cash, noncurrent	$ 100	$ 100

Balance Sheet Components - S_11

Balance Sheet Components - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accounts payable	$ 162,356	$ 115,953
Accrued compensation and benefits	437,403	413,135
Accrued interest	89,718	85,052
Accrued taxes	160,834	131,376
Accrued utilities and security	177,951	115,119
Accrued other	158,356	144,165
Total accounts payable and accrued expenses	1,186,618	1,004,800
Income taxes payable	$ 81,400	$ 55,200

Balance Sheet Components - S_12

Balance Sheet Components - Schedule of Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Deferred revenue, current	$ 124,945	$ 132,090	$ 109,736
Customer deposits, current	16,123	15,896
Derivative instruments, current	93,726	24,868
Dividends payable, current	13,576	12,302
Asset retirement obligations, current	4,565	8,657
Other current liabilities	48,794	57,533
Total other current liabilities	$ 301,729	$ 251,346

Balance Sheet Components - S_13

Balance Sheet Components - Schedule of Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Asset retirement obligations, non-current	$ 107,994	$ 109,508
Deferred tax liabilities, net	394,085	383,359
Deferred revenue, non-current	154,047	155,334	$ 87,495
Accrued taxes	55,439	59,806
Dividends payable, non-current	12,081	10,446
Customer deposits, non-current	2,980	4,998
Derivative instruments, non-current	7,608	8,820
Other non-current liabilities	61,315	65,592
Total other liabilities	$ 795,549	$ 797,863

Balance Sheet Components - S_14

Balance Sheet Components - Schedule of Asset Retirement Obligation Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Asset retirement obligations, beginning balance	$ 118,165	$ 117,556	$ 113,769
Additions	1,266	2,951	7,483
Adjustments	(13,580)	(4,281)	(6,591)
Accretion expense	6,317	6,431	6,518
Impact of foreign currency exchange	391	(4,492)	(3,623)
Asset retirement obligations, ending balance	$ 112,559	$ 118,165	$ 117,556

Derivatives and Hedging Instr_3

Derivatives and Hedging Instruments - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Designated as Hedging Instruments | Cross-currency interest rate swaps
Derivative [Line Items]
Derivative notional amount	$ 3,100	$ 3,900
Derivative, notional amount, increase	283.4
Not Designated as Hedging Instruments | Cross-currency interest rate swaps
Derivative [Line Items]
Derivative notional amount	1,100
Not Designated as Hedging Instruments | Foreign currency forward contracts
Derivative [Line Items]
Derivative notional amount	3,100	3,000
Net investment hedges | Designated as Hedging Instruments
Derivative [Line Items]
Derivative notional amount	1,500	1,500
Net investment hedges | Designated as Hedging Instruments | Foreign currency forward contracts
Derivative [Line Items]
Derivative notional amount	887.5	373.4
Cash flow hedges | Foreign currency forward and option contracts
Derivative [Line Items]
Derivative notional amount	1,200	490.8
Foreign currency cash flow hedge in AOCI to be reclassified in next 12 months	(7.2)	8.2
Cash flow hedges | Interest rate locks
Derivative [Line Items]
Derivative notional amount	0	0
Net gain (loss) to be reclassified within the next 12 months, interest rate cash flow hedge	1.1	1.4
Cash flow hedges | Designated as Hedging Instruments | Interest rate locks
Derivative [Line Items]
Derivative notional amount	$ 280.3	$ 280.3

Derivatives and Hedging Instr_4

Derivatives and Hedging Instruments - Schedule of Net Investment Hedges Effect on AOCI (Details) - Net investment hedges - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Total	$ (131,883)	$ 425,701	$ 326,982
Amount of gain or (loss) recognized in earnings:
Amount of gain or (loss) excluded from effectiveness testing included in income	47,389	49,719	45,175
Foreign currency debt
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Gain (loss) recognized in accumulated other comprehensive income (included component)	(54,120)	160,286	93,945
Foreign currency forward contracts
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Gain (loss) recognized in accumulated other comprehensive income (included component)	(9,442)	27,323	2,621
Gain (loss) recognized in accumulated other comprehensive income (excluded component)	2,683	(2,535)	(2)
Amount of gain or (loss) recognized in earnings:
Amount of gain or (loss) excluded from effectiveness testing included in income	1,920	(469)	242
Cross-currency Interest Rate Swap
Amount of gain or (loss) recognized in accumulated other comprehensive income:
Gain (loss) recognized in accumulated other comprehensive income (included component)	(72,049)	276,350	282,935
Gain (loss) recognized in accumulated other comprehensive income (excluded component)	1,045	(35,723)	(52,517)
Amount of gain or (loss) recognized in earnings:
Amount of gain or (loss) excluded from effectiveness testing included in income	$ 45,469	$ 50,188	$ 44,933

Derivatives and Hedging Instr_5

Derivatives and Hedging Instruments - Schedule of Effect of Cash Flow Hedges on AOCI (Details) - Cash flow hedges - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	$ (23,102)	$ 38,295	$ 77,542
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	6,848	76,106	(22,857)
Foreign currency forward and option contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	(15,956)	(8,711)	67,767
Foreign currency option contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) recognized in accumulated other comprehensive income (excluded component)	0	0	151
Cross-currency interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	(2,175)	(2,386)	0
Interest rate locks
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) recognized in accumulated other comprehensive income:	(4,971)	49,392	9,624
Interest rate locks | Interest expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	1,183	(26)	(4,056)
Foreign currency forward contracts | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	(9,760)	148,100	(39,297)
Foreign currency forward contracts | Costs and operating expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain or (loss) reclassified from accumulated other comprehensive income to income:	$ 15,425	$ (71,968)	$ 20,496

Derivatives and Hedging Instr_6

Derivatives and Hedging Instruments - Schedule of Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	$ (13,657)	$ 136,081	$ 127,062
Embedded derivatives | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	0	(568)	3,503
Economic hedges of embedded derivatives | Revenues
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	0	(984)	(5,937)
Foreign currency forward contracts | Other income (expense)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	(20,191)	137,633	129,496
Cross-currency interest rate swaps | Other income (expense)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivatives not designated as hedging instruments, gain (loss)	$ 6,534	$ 0	$ 0

Derivatives and Hedging Instr_7

Derivatives and Hedging Instruments - Schedule of Fair Value of Derivative Instruments Recognized in Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Derivative assets	$ 257,019	$ 404,592
Derivative liabilities	101,335	33,688
Designated as Hedging Instruments
Derivative [Line Items]
Derivative assets	173,007	346,362
Derivative liabilities	30,995	26,157
Designated as Hedging Instruments | Foreign currency forward and option contracts | Cash flow hedges
Derivative [Line Items]
Derivative assets	2,493	27,812
Derivative liabilities	14,327	21,352
Designated as Hedging Instruments | Cross-currency interest rate swaps | Cash flow hedges
Derivative [Line Items]
Derivative assets	35,950	19,239
Derivative liabilities	0	0
Designated as Hedging Instruments | Cross-currency interest rate swaps | Net investment hedges
Derivative [Line Items]
Derivative assets	131,583	274,234
Derivative liabilities	0	0
Designated as Hedging Instruments | Foreign currency forward contracts | Net investment hedges
Derivative [Line Items]
Derivative assets	2,981	25,077
Derivative liabilities	16,668	4,805
Not Designated as Hedging Instruments
Derivative [Line Items]
Derivative assets	84,012	58,230
Derivative liabilities	70,340	7,531
Not Designated as Hedging Instruments | Cross-currency interest rate swaps
Derivative [Line Items]
Derivative assets	80,350	0
Derivative liabilities	0	0
Not Designated as Hedging Instruments | Foreign currency forward contracts
Derivative [Line Items]
Derivative assets	3,662	58,230
Derivative liabilities	$ 70,340	$ 7,531

Derivatives and Hedging Instr_8

Derivatives and Hedging Instruments - Schedule of Offsetting Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Derivative assets
Gross Amounts	$ 282,316	$ 424,516
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts	282,316	424,516
Gross Amounts not Offset in the Balance Sheet	(56,341)	(34,429)
Net	$ 225,975	$ 390,087
DerivativeAssetStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag	Derivative assets	Derivative assets
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumerationNotDisclosed	Derivative liabilities	Derivative liabilities
Derivative liabilities
Gross Amounts	$ 111,860	$ 39,234
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts	111,860	39,234
Gross Amounts not Offset in the Balance Sheet	(56,341)	(34,429)
Net	$ 55,519	$ 4,805

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Derivative instruments	$ 257,019	$ 404,592
Liabilities:
Derivative instruments	101,335	33,688
Fair Value, Recurring
Assets:
Derivative instruments	257,019	404,592
Total financial assets	1,860,961	1,169,220
Liabilities:
Derivative instruments	101,335	33,688
Fair Value, Recurring | Money market and deposit accounts
Assets:
Cash and cash equivalents	1,603,942	764,628
Fair Value, Recurring | Level 1
Assets:
Derivative instruments	0	0
Total financial assets	1,603,942	764,628
Liabilities:
Derivative instruments	0	0
Fair Value, Recurring | Level 1 | Money market and deposit accounts
Assets:
Cash and cash equivalents	1,603,942	764,628
Fair Value, Recurring | Level 2
Assets:
Derivative instruments	257,019	404,592
Total financial assets	257,019	404,592
Liabilities:
Derivative instruments	101,335	33,688
Fair Value, Recurring | Level 2 | Money market and deposit accounts
Assets:
Cash and cash equivalents	$ 0	$ 0

Leases - Schedule of Significan

Leases - Schedule of Significant Lease Transactions (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2023 option	Dec. 31, 2023 USD ($) option	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2023
Operating Lease
Operating lease right-of-use assets		$ (138,704)	$ (149,094)	$ (140,590)
Chicago 1/2/4 ("CH1/2/4") Data Center
Lessee, Lease, Description [Line Items]
Number of renewal options | option	1	1
Operating lease, renewal term					10 years
Operating Lease
Operating lease right-of-use assets		$ 150,990
Operating Lease, ROU liabilities		176,316
Finance Lease
Finance lease ROU assets		78,073
Finance lease ROU liabilities		52,747
London 8 ("LD8") Data Center Lease Purchase
Lessee, Lease, Description [Line Items]
Operating and finance lease term (in years)	163 years
Operating Lease
Operating lease right-of-use assets		86,724
Operating Lease, ROU liabilities		83,033
Finance Lease
Finance lease ROU assets		184,945
Finance lease ROU liabilities		$ 39,613

Leases - Schedule of Lease Expe

Leases - Schedule of Lease Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finance lease cost
Amortization of right-of-use assets	$ 166,266	$ 161,061	$ 157,057
Interest on lease liabilities	113,039	112,518	117,896
Total finance lease cost	279,305	273,579	274,953
Operating lease cost	243,434	213,619	221,776
Variable lease cost	62,206	41,237	33,066
Total lease cost	$ 584,945	$ 528,435	$ 529,795

Leases - Schedule of Other Info

Leases - Schedule of Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$ 109,915	$ 109,514	$ 113,571
Operating cash flows from operating leases	231,269	197,356	258,719
Financing cash flows from finance leases	148,913	134,202	165,539
Right-of-use assets obtained in exchange for lease obligations
Finance leases	208,683	293,858	412,214
Operating leases	$ 210,938	$ 355,040	$ 10,446
Weighted-average remaining lease term - finance leases	14 years	15 years
Weighted-average remaining lease term - operating leases	12 years	12 years
Weighted-average discount rate - finance leases	6%	6%
Weighted-average discount rate - operating leases	5%	4%
Finance lease ROU assets	$ 2,183,557	$ 2,018,070
Accumulated amortization, finance lease, right-of-use asset	$ 870,300	$ 840,000
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Operating Leases
2024	$ 193,541
2025	204,876
2026	197,209
2027	177,937
2028	150,966
Thereafter	1,085,803
Total lease payments	2,010,332
Less imputed interest	(548,254)
Total	1,462,078
Finance Leases
2024	252,296
2025	278,244
2026	245,691
2027	250,254
2028	237,865
Thereafter	2,092,877
Total lease payments	3,357,227
Less imputed interest	(1,096,086)
Total	2,261,141
Total
2024	445,837
2025	483,120
2026	442,900
2027	428,191
2028	388,831
Thereafter	3,178,680
Total lease payments	5,367,559
Less imputed interest	(1,644,340)
Total	$ 3,723,219

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Operating and finance leases not yet commenced, liability	$ 524.6
Minimum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	3 years
Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term	33 years

Debt Facilities - Schedule of M

Debt Facilities - Schedule of Mortgage and Loans Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Notes and Loans Payable, Gross	$ 671,694	$ 653,617
Less amount representing unamortized debt discount and debt issuance cost	(726)	(1,062)
Loans payable current and non current	670,968	652,555
Less current portion	(7,705)	(9,847)
Loans payable, noncurrent	663,263	642,708
Term loans
Debt Instrument [Line Items]
Notes and Loans Payable, Gross	642,657	619,090
Mortgage payable and other loans payable
Debt Instrument [Line Items]
Notes and Loans Payable, Gross	$ 29,037	$ 34,527

Debt Facilities - Narrative (De

Debt Facilities - Narrative (Details)

12 Months Ended

Jan. 07, 2022 USD ($)

Jan. 07, 2022 GBP (£)

Dec. 31, 2023 USD ($) credit

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Sep. 12, 2023 USD ($)

Sep. 12, 2023 CHF (SFr)

Mar. 08, 2023 USD ($)

Mar. 08, 2023 JPY (¥)

Feb. 16, 2023 USD ($)

Feb. 16, 2023 JPY (¥)

Apr. 05, 2022 USD ($)

Jan. 07, 2022 GBP (£)

Debt Instrument [Line Items]

Amount outstanding under the Term Loan Facility, net

$ 13,840,646,000

Amount of debt discounts and debt issuance costs

726,000

$ 1,062,000

Interest paid, net of capitalized interest

445,500,000

412,100,000

$ 401,900,000

Senior Notes

Debt Instrument [Line Items]

Debt issuance cost, net

108,026,000

117,351,000

Amount outstanding under the Term Loan Facility, net

$ 13,060,926,000

12,109,539,000

2022 Senior Credit Facility | Line of Credit | Minimum

Debt Instrument [Line Items]

Quarterly facility fee (percent)

0.07%

2022 Senior Credit Facility | Line of Credit | Minimum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Variable rate (percent)

0.555%

2022 Senior Credit Facility | Line of Credit | Minimum | Sterling Overnight Index Average Rate

Debt Instrument [Line Items]

Variable rate (percent)

0.625%

2022 Senior Credit Facility | Line of Credit | Maximum

Debt Instrument [Line Items]

Quarterly facility fee (percent)

0.25%

2022 Senior Credit Facility | Line of Credit | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate

Debt Instrument [Line Items]

Variable rate (percent)

1.20%

2022 Senior Credit Facility | Line of Credit | Maximum | Sterling Overnight Index Average Rate

Debt Instrument [Line Items]

Variable rate (percent)

1.45%

3.900% Senior Notes due 2032 | Senior Notes

Debt Instrument [Line Items]

Interest rate (percent)

3.90%

3.90%

Aggregate principal debt amount issued

$ 1,200,000,000

Amount of debt discounts and debt issuance costs

$ 16,300,000

2.000% Japanese Yen Series A Notes due 2035 | Senior Notes

Debt Instrument [Line Items]

Interest rate (percent)

2%

Aggregate principal debt amount issued

$ 274,700,000

¥ 37,700,000,000

Amount of debt discounts and debt issuance costs

2,000,000

2.370% Japanese Yen Series B Notes due 2043 | Senior Notes

Debt Instrument [Line Items]

Interest rate (percent)

2.37%

Aggregate principal debt amount issued

74,600,000

10,200,000,000

Amount of debt discounts and debt issuance costs

600,000

2.130% Japanese Yen Series C Notes due 2035 | Senior Notes

Debt Instrument [Line Items]

Interest rate (percent)

2.13%

Aggregate principal debt amount issued

107,900,000

14,800,000,000

Amount of debt discounts and debt issuance costs

800,000

2.570% Japanese Yen Series D Notes due 2043 | Senior Notes

Debt Instrument [Line Items]

Interest rate (percent)

2.57%

Aggregate principal debt amount issued

33,500,000

¥ 4,600,000,000

Amount of debt discounts and debt issuance costs

300,000

2.570% Japanese Yen Series E Notes due 2043 | Senior Notes

Debt Instrument [Line Items]

Interest rate (percent)

2.57%

Aggregate principal debt amount issued

$ 74,500,000

¥ 10,000,000,000

Amount of debt discounts and debt issuance costs

$ 600,000

2.875% Swiss Franc Senior Notes due 2028 | Senior Notes

Debt Instrument [Line Items]

Debt issuance cost, net

$ 3,000,000

Interest rate (percent)

2.875%

Aggregate principal debt amount issued

$ 336,900,000

SFr 300,000,000

Revolving Credit Facility | Line of Credit

Debt Instrument [Line Items]

Amount available to borrow

$ 3,900,000,000

Revolving Credit Facility | 2022 Senior Credit Facility | Line of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 4,000,000,000

Debt issuance cost, net

6,500,000

Revolving Credit Facility | Senior Secured Multicurrency Term Loan | Line of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

1,000,000,000

Term Loan Facility | Line of Credit

Debt Instrument [Line Items]

Amount outstanding under the Term Loan Facility, net

$ 636,200,000

$ 603,000,000

Term Loan Facility | 2022 Senior Credit Facility | Line of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity | £

£ 500,000,000

Debt issuance cost, net

800,000

Proceeds from lines of credit

676,900,000

£ 500,000,000

Term Loan Facility | 2017 Senior Credit Facility | Line of Credit

Debt Instrument [Line Items]

Repayments of debt

$ 549,600,000

Letter of Credit | Line of Credit

Debt Instrument [Line Items]

Numbers of letters of credit outstanding | credit

51

Letters of credit outstanding, amount

$ 84,200,000

Debt Facilities - Schedule of S

Debt Facilities - Schedule of Senior Notes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 12, 2023	Dec. 31, 2022	Apr. 05, 2022
Debt Instrument [Line Items]
Total long term debt	$ 13,840,646
Senior Notes
Debt Instrument [Line Items]
Long term debt, gross	13,168,952		$ 12,226,890
Less amount representing unamortized debt discount and debt issuance cost	(108,026)		(117,351)
Total long term debt	13,060,926		12,109,539
Less current portion	(998,580)		0
Total	12,062,346		12,109,539
Senior Notes | 2.625% Senior Notes due 2024
Debt Instrument [Line Items]
Long term debt, gross	$ 1,000,000		$ 1,000,000
Effective interest rate	2.79%		2.79%
Interest rate (percent)	2.625%
Senior Notes | 1.250% Senior Notes due 2025
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000
Effective interest rate	1.46%		1.46%
Interest rate (percent)	1.25%
Senior Notes | 1.000% Senior Notes Due 2025
Debt Instrument [Line Items]
Long term debt, gross	$ 700,000		$ 700,000
Effective interest rate	1.18%		1.18%
Interest rate (percent)	1%
Senior Notes | 2.900% Senior Notes due 2026
Debt Instrument [Line Items]
Long term debt, gross	$ 600,000		$ 600,000
Effective interest rate	3.04%		3.04%
Interest rate (percent)	2.90%
Senior Notes | 1.450% Senior Notes due 2026
Debt Instrument [Line Items]
Long term debt, gross	$ 700,000		$ 700,000
Effective interest rate	1.64%		1.64%
Interest rate (percent)	1.45%
Senior Notes | 0.250% Euro Senior Notes due 2027
Debt Instrument [Line Items]
Long term debt, gross	$ 552,050		$ 534,950
Effective interest rate	0.45%		0.45%
Interest rate (percent)	0.25%
Senior Notes | 1.800% Senior Notes due 2027
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000
Effective interest rate	1.96%		1.96%
Interest rate (percent)	1.80%
Senior Notes | 1.550% Senior Notes due 2028
Debt Instrument [Line Items]
Long term debt, gross	$ 650,000		$ 650,000
Effective interest rate	1.67%		1.67%
Interest rate (percent)	1.55%
Senior Notes | 2.000% Senior Notes due 2028
Debt Instrument [Line Items]
Long term debt, gross	$ 400,000		$ 400,000
Effective interest rate	2.21%		2.21%
Interest rate (percent)	2%
Senior Notes | 2.875% Swiss Franc Senior Notes due 2028
Debt Instrument [Line Items]
Long term debt, gross	$ 356,633		$ 0
Effective interest rate	3.05%		0%
Less amount representing unamortized debt discount and debt issuance cost		$ (3,000)
Interest rate (percent)	2.875%
Senior Notes | 3.200% Senior Notes due 2029
Debt Instrument [Line Items]
Long term debt, gross	$ 1,200,000		$ 1,200,000
Effective interest rate	3.30%		3.30%
Interest rate (percent)	3.20%
Senior Notes | 2.150% Senior Notes due 2030
Debt Instrument [Line Items]
Long term debt, gross	$ 1,100,000		$ 1,100,000
Effective interest rate	2.27%		2.27%
Interest rate (percent)	2.15%
Senior Notes | 2.500% Senior Notes due 2031
Debt Instrument [Line Items]
Long term debt, gross	$ 1,000,000		$ 1,000,000
Effective interest rate	2.65%		2.65%
Interest rate (percent)	2.50%
Senior Notes | 3.900% Senior Notes due 2032
Debt Instrument [Line Items]
Long term debt, gross	$ 1,200,000		$ 1,200,000
Effective interest rate	4.07%		4.07%
Interest rate (percent)	3.90%			3.90%
Senior Notes | 1.000% Euro Senior Notes due 2033
Debt Instrument [Line Items]
Long term debt, gross	$ 662,460		$ 641,940
Effective interest rate	1.18%		1.18%
Interest rate (percent)	1%
Senior Notes | 2.000% Japanese Yen Series A Notes due 2035
Debt Instrument [Line Items]
Long term debt, gross	$ 266,888		$ 0
Effective interest rate	2.07%		0%
Interest rate (percent)	2%
Senior Notes | 2.130% Japanese Yen Series C Notes due 2035
Debt Instrument [Line Items]
Long term debt, gross	$ 104,911		$ 0
Effective interest rate	2.20%		0%
Interest rate (percent)	2.13%
Senior Notes | 2.370% Japanese Yen Series B Notes due 2043
Debt Instrument [Line Items]
Long term debt, gross	$ 72,516		$ 0
Effective interest rate	2.42%		0%
Interest rate (percent)	2.37%
Senior Notes | 2.570% Japanese Yen Series D Notes due 2043
Debt Instrument [Line Items]
Long term debt, gross	$ 32,608		$ 0
Effective interest rate	2.62%		0%
Interest rate (percent)	2.57%
Senior Notes | 2.570% Japanese Yen Series E Notes due 2043
Debt Instrument [Line Items]
Long term debt, gross	$ 70,886		$ 0
Effective interest rate	2.62%		0%
Interest rate (percent)	2.57%
Senior Notes | 3.000% Senior Notes due 2050
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000
Effective interest rate	3.09%		3.09%
Interest rate (percent)	3%
Senior Notes | 2.950% Senior Notes due 2051
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000
Effective interest rate	3%		3%
Interest rate (percent)	2.95%
Senior Notes | 3.400% Senior Notes due 2052
Debt Instrument [Line Items]
Long term debt, gross	$ 500,000		$ 500,000
Effective interest rate	3.50%		3.50%
Interest rate (percent)	3.40%

Debt Facilities - Schedule of O

Debt Facilities - Schedule of Optional Redemption (Details) - Senior Notes	12 Months Ended
	Dec. 31, 2023	Apr. 05, 2022
Debt Instrument, Redemption [Line Items]
Redemption price, percentage	100%
2.625% Senior Notes due 2024
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2.625%
1.250% Senior Notes due 2025
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	1.25%
1.000% Senior Notes Due 2025
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	1%
1.450% Senior Notes due 2026
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	1.45%
2.900% Senior Notes due 2026
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2.90%
0.250% Euro Senior Notes due 2027
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	0.25%
1.800% Senior Notes due 2027
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	1.80%
1.550% Senior Notes due 2028
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	1.55%
2.000% Senior Notes due 2028
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2%
2.875% Swiss Franc Senior Notes due 2028
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2.875%
3.200% Senior Notes due 2029
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	3.20%
2.150% Senior Notes due 2030
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2.15%
2.500% Senior Notes due 2031
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2.50%
3.900% Senior Notes due 2032
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	3.90%	3.90%
1.000% Euro Senior Notes due 2033
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	1%
2.000% Japanese Yen Series A Notes due 2035
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2%
2.130% Japanese Yen Series C Notes due 2035
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2.13%
2.370% Japanese Yen Series B Notes due 2043
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2.37%
2.570% Japanese Yen Series D Notes due 2043
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2.57%
2.570% Japanese Yen Series E Notes due 2043
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2.57%
3.000% Senior Notes due 2050
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	3%
2.950% Senior Notes due 2051
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	2.95%
3.400% Senior Notes due 2052
Debt Instrument, Redemption [Line Items]
Interest rate (percent)	3.40%

Debt Facilities - Schedule of_2

Debt Facilities - Schedule of Maturities of Debt Instruments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2024	$ 1,007,704
2025	1,206,322
2026	1,306,171
2027	1,694,016
2028	1,411,523
Thereafter	7,214,910
Total long term debt	$ 13,840,646

Debt Facilities - Schedule of F

Debt Facilities - Schedule of Fair Value of Debt Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Mortgage and loans payable	$ 684,222	$ 666,387
Senior notes	11,739,401	10,196,933
Level 1
Debt Instrument [Line Items]
Mortgage and loans payable	0	0
Senior notes	11,165,781	10,196,933
Level 2
Debt Instrument [Line Items]
Mortgage and loans payable	684,222	666,387
Senior notes	$ 573,620	$ 0

Debt Facilities - Schedule of I

Debt Facilities - Schedule of Interest Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Interest expense	$ 402,022	$ 356,337	$ 336,082
Interest capitalized	25,971	18,152	24,505
Interest charges incurred	$ 427,993	$ 374,489	$ 360,587

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details)					1 Months Ended	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Nov. 01, 2023 shares	Apr. 03, 2023 USD ($)	Feb. 28, 2023 USD ($) $ / shares	Aug. 03, 2022 USD ($) $ / shares	Feb. 28, 2022 alternative	Jun. 30, 2023 USD ($) agreement $ / shares shares	Jun. 30, 2022 agreement shares	Sep. 30, 2023 USD ($) agreement $ / shares shares	Dec. 31, 2023 USD ($) agreement shares	Dec. 31, 2022 USD ($) agreement shares	Dec. 31, 2021 USD ($)	Nov. 30, 2022 USD ($)	Oct. 31, 2020 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Shares Authorized | shares									300,000,000	300,000,000
Preferred Stock, Shares Authorized | shares									100,000,000
Preferred Stock, Shares Outstanding | shares									0	0
Preferred Stock, Shares Issued | shares									0	0
Issuance of common stock, shares sold (in shares) | shares	564,126
Sale of stock, number of shares authorized (in shares) | shares						294,579				458,459
Expected issuance of common stock, weighted average price			$ 301,600,000
Sale of stock, expected transaction, price per share | $ / shares			$ 657.75			$ 768.03
Proceeds from redeemable non-controlling interest		$ 25,000,000							$ 25,000,000	$ 0	$ 0
Redeemable non-controlling interest									25,000,000	0
Other assets									1,591,312,000	1,376,137,000
Other liabilities									795,549,000	797,863,000
Dividends payable, current									13,576,000	12,302,000
Dividends payable, non-current									12,081,000	10,446,000
Special Distribution
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividends payable, current									13,600,000	12,300,000
Dividends payable, non-current									12,100,000	10,400,000
Indonesian Operating Entity
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of divestiture of business, ownership percentage		25%
Noncontrolling interest, maximum exercise price		$ 25,000,000
Indonesian Operating Entity | Variable Interest Entity, Primary Beneficiary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other assets									30,400,000
Other liabilities									$ 2,900,000
2020 ATM Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of stock, equity offering agreement, authorized													$ 1,500,000,000
Gross proceeds from sale of stock										$ 403,600,000
Sale of stock, number of shares authorized (in shares) | shares									308,875	0
Issuance of common stock in public offering of common stock, shares (in shares) | shares										580,833
2022 ATM Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of stock, equity offering agreement, authorized												$ 1,500,000,000
Sale of stock, number of shares authorized (in shares) | shares										149,584
Sale of stock, remaining shares available									$ 469,700,000
2020 ATM Program and Equity Forward Amendment
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of settlement alternatives | alternative					3
Equity Forward Amendment under the 2020 ATM Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of forward sale agreements | agreement						2	5	3	7	3
Issuance of common stock, shares sold (in shares) | shares						269,547	579,873	643,428
Gross proceeds from sale of stock				$ 393,600,000		$ 433,300,000
Sale of stock, price (in usd per share) | $ / shares				$ 678.72				$ 776.23
Expected issuance of common stock, weighted average price								$ 499,400,000
Series A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred Stock, Shares Authorized | shares									25,000,000
Series A-1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred Stock, Shares Authorized | shares									25,000,000
Undesignated
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred Stock, Shares Authorized | shares									50,000,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Reserve for Authorized but Unissued Shares of Common Stock (Details)	Dec. 31, 2023 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares reserved for issuance (in shares)	6,323,272
Common stock options and restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares reserved for issuance (in shares)	3,978,009
Common stock employee purchase plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares reserved for issuance (in shares)	2,345,263

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Accumulated Other Comprehensive Loss (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) country	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Accumulated Other Comprehensive Loss, Net of Tax [Roll Forward]
Beginning balance	$ 11,505,832	$ 10,881,764	$ 10,634,118
Net Change	99,266	(303,743)	(172,368)
Ending balance	$ 12,488,499	11,505,832	10,881,764
Number of countries with a defined benefit pension plan | country	2
AOCI
Accumulated Other Comprehensive Loss, Net of Tax [Roll Forward]
Beginning balance	$ (1,389,446)	(1,085,751)	(913,368)
Net Change	99,329	(303,695)	(172,383)
Ending balance	(1,290,117)	(1,389,446)	(1,085,751)
Foreign currency translation adjustment ("CTA") gain (loss)
Accumulated Other Comprehensive Loss, Net of Tax [Roll Forward]
Beginning balance	(1,838,237)	(1,068,399)	(508,415)
Net Change	250,044	(769,838)	(559,984)
Ending balance	(1,588,193)	(1,838,237)	(1,068,399)
Unrealized gain (loss) on cash flow hedges
Accumulated Other Comprehensive Loss, Net of Tax [Roll Forward]
Beginning balance	33,953	(6,590)	(67,152)
Net Change	(18,370)	40,543	60,562
Ending balance	15,583	33,953	(6,590)
Net investment hedge CTA gain (loss)
Accumulated Other Comprehensive Loss, Net of Tax [Roll Forward]
Beginning balance	415,749	(9,952)	(336,934)
Net Change	(131,883)	425,701	326,982
Ending balance	283,866	415,749	(9,952)
Net actuarial gain (loss) on defined benefit plans
Accumulated Other Comprehensive Loss, Net of Tax [Roll Forward]
Beginning balance	(911)	(810)	(867)
Net Change	(462)	(101)	57
Ending balance	$ (1,373)	$ (911)	$ (810)

Stockholders' Equity - Schedu_3

Stockholders' Equity - Schedule of Quarterly Dividend and Special Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Total Distribution (in dollars per share)	$ 4.260000	$ 3.410000	$ 3.410000	$ 3.410000	$ 3.100000	$ 3.100000	$ 3.100000	$ 3.100000	$ 2.870000	$ 2.870000	$ 2.870000	$ 2.870000	$ 14.490000	$ 12.400000	$ 11.480000
Nonqualified Ordinary Dividend (in dollars per share)	$ 4.260000	$ 3.410000	$ 3.410000	$ 3.410000	$ 3.100000	$ 3.100000	$ 3.100000	$ 3.100000	$ 2.870000	$ 2.870000	$ 2.870000	$ 2.870000	$ 14.490000	$ 12.400000	$ 11.480000
Total Distribution Amount	$ 402,347	$ 319,308	$ 318,914	$ 318,736	$ 286,868	$ 286,136	$ 282,168	$ 282,031	$ 258,716	$ 257,769	$ 257,199	$ 256,321	$ 1,359,305	$ 1,137,203	$ 1,030,005

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) period shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Capitalized stock-based compensation expense	$ 60.3	$ 46.3	$ 27.7
Share-based compensation expense not yet recognized	$ 776.3
Expected recognized period (in years)	2 years 3 months 10 days
2004 Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of purchase price reductions	15%
Number of offering periods | period	2
Offering period (in months)	24 months
Offering interval (in months)	6 months
Purchase discount from market price (percent)	85%
2020 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)				4 years
Number of shares available for grant (in shares) | shares	2,426,412			4,000,000
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units vested and released, net	$ 497.7	$ 462	$ 472.9

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Shares Reserved (Details) - shares	Dec. 31, 2023	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares reserved for issuance (in shares)	6,323,272
Common stock employee purchase plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares reserved for issuance (in shares)	2,345,263
Common stock employee purchase plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares in reserve (in shares)	5,392,206
2020 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares in reserve (in shares)	3,941,429
Number of shares available for grant (in shares)	2,426,412	4,000,000

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Restricted Stock Unit Activity (Details) - RSUs - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted stock units outstanding, beginning balance (in shares)	1,445,692	1,357,594	1,337,634
Restricted stock units granted (in shares)	990,667	912,249	776,628
Restricted stock units released, vested (in shares)	(680,738)	(668,733)	(633,466)
Special distribution shares released (in shares)	(34)		(34)
Restricted stock units canceled (in shares)	(203,990)	(155,418)	(123,168)
Restricted stock units outstanding, ending balance (in shares)	1,551,597	1,445,692	1,357,594
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted stock units outstanding, weighted-average grant date fair value, beginning balance (in dollars per share)	$ 641.51	$ 594.27	$ 499.60
Restricted stock units granted, weighted-average grant date fair value (in dollars per share)	699.07	661.43	679.59
Restricted stock units released, vested, weighted-average grant date fair value (in dollars per share)	644.90	576.62	505.40
Special distribution shares released, weighted-average grant date fair value (in dollars per share)	297.03		297.03
Restricted stock units canceled, weighted-average grant date fair value (in dollars per share)	640.68	624.98	561.34
Restricted stock units outstanding, weighted-average grant date fair value, ending balance (in dollars per share)	$ 676.89	$ 641.51	$ 594.27
Restricted stock units outstanding, weighted-average remaining contractual life (years)	1 year 3 months 10 days
Restricted stock units outstanding, aggregate intrinsic value	$ 1,249,640

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Disclosures for 2004 Purchase Plan (Details) - 2004 Purchase Plan - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average purchase price per share (in dollars per share)	$ 572.59	$ 568.29	$ 467.59
Weighted average grant-date fair value per award for shares purchased (in dollars per share)	$ 206.83	$ 202.61	$ 138.80
Number of shares purchased (in shares)	151,875	143,515	166,023

Stock-Based Compensation - Sc_4

Stock-Based Compensation - Schedule of Assumptions in Computation of Fair Value (Details) - 2004 Purchase Plan	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of risk-free interest rate, minimum	4.57%	0.72%	0.01%
Range of risk-free interest rate, maximum	5.30%	3.06%	0.21%
Range of expected volatility, minimum	26.02%	25.73%	25.54%
Range of expected volatility, maximum	34.93%	37.20%	41.24%
Weighted-average expected volatility	30.48%	30.34%	34.08%
Weighted average expected life (in years)	1 year 21 days	1 year 21 days	1 year 2 months 4 days
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of dividend yield	1.69%	1.48%	1.58%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of dividend yield	1.78%	1.55%	1.77%

Stock-Based Compensation - Sc_5

Stock-Based Compensation - Schedule of Stock-Based Compensation Expense Recognized in Company's Consolidated Statement of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 407,536	$ 403,983	$ 363,774
RSUs
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	387,011	359,952	330,077
RSAs
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	1,752	9,793	10,067
Employee stock purchase plan
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	18,773	34,238	23,630
Cost of revenues
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	49,013	45,028	38,438
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	84,583	82,794	79,144
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 273,940	$ 276,161	$ 246,192

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income from Continuing Operations before Income Taxes Attributable to Geographic Locations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Domestic	$ 278,470	$ 334,486	$ 137,492
Foreign	845,760	494,883	471,460
Income before income taxes	$ 1,124,230	$ 829,369	$ 608,952

Income Taxes - Schedule of Tax

Income Taxes - Schedule of Tax Benefit (Expenses) for Income Taxes from Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal	$ 299	$ 1,679	$ 7,753
State and local	(526)	(892)	(156)
Foreign	(150,179)	(83,210)	(76,450)
Subtotal	(150,406)	(82,423)	(68,853)
Deferred:
Federal	(136)	(16,284)	11,060
State and local	196	(5,024)	(1,411)
Foreign	(4,904)	(21,061)	(50,020)
Subtotal	(4,844)	(42,369)	(40,371)
Income tax expense	$ (155,250)	$ (124,792)	$ (109,224)

Income Taxes - Schedule of In_2

Income Taxes - Schedule of Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Federal tax at statutory rate	$ (236,088)	$ (174,168)	$ (127,880)
State and local tax expense	(331)	(5,916)	(1,513)
Deferred tax assets generated in current year not benefited	(33,810)	(39,196)	(19,703)
Foreign income tax rate differential	(13,634)	(12,379)	(18,918)
Non-deductible expenses	(6,470)	(5,995)	(10,579)
Stock-based compensation expense	(8,981)	(8,321)	(1,385)
Change in valuation allowance	1,744	(19,793)	(595)
Foreign financing activities	(3,642)	(5,519)	(4,805)
Uncertain tax positions reserve	20,683	45,317	50,059
Tax adjustments related to REIT	131,757	107,312	39,164
Change in deferred tax adjustments	(2,572)	(239)	(1,251)
Effect of tax rate change on deferred tax assets	(1,872)	(3,126)	(12,297)
Other, net	(2,034)	(2,769)	479
Income tax expense	$ (155,250)	$ (124,792)	$ (109,224)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Contingency [Line Items]
Unrecognized tax benefits that would impact effective tax rate	$ 69.7
Tax basis of REIT assets in excess of balance sheet	2,700
Tax credit carryforward	5.7
Unrecognized tax benefits, interest and penalties accrued	7.2	$ 6.5	$ 13.6
Capital Loss Carryforward
Income Tax Contingency [Line Items]
Tax credit carryforward	7.6
Indemnification Agreement | Metronode
Income Tax Contingency [Line Items]
Unrecognized tax benefits that would impact effective tax rate	$ 1.6	$ 2	$ 32

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Stock-based compensation expense	$ 9,073	$ 9,002
Net unrealized losses	10,843	3,988
Operating lease liabilities	220,745	253,005
Finance lease liabilities	14,591	0
Deferred revenue	16,625	13,887
Goodwill	0	20,511
Loss carryforwards and tax credits	232,471	142,270
Others, net	6,600	32,543
Gross deferred tax assets	510,948	475,206
Valuation allowance	(220,848)	(166,594)	$ (100,746)	$ (82,344)
Total deferred tax assets, net	290,100	308,612
Deferred tax liabilities:
Finance lease liabilities	0	(8,033)
Property, plant and equipment	(252,434)	(221,343)
Right-of-use assets	(224,253)	(256,837)
Deferred income	(26,116)	(28,314)
Goodwill	(3,074)	0
Intangible assets	(116,070)	(132,816)
Total deferred tax liabilities	(621,947)	(647,343)
Net deferred tax liabilities	$ (331,847)	$ (338,731)

Income Taxes - Schedule of Chan

Income Taxes - Schedule of Changes in Valuation Allowance for Deferred Tax Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred Tax Assets, Valuation Allowance [Roll Forward]
Beginning balance	$ 166,594	$ 100,746	$ 82,344
Amounts from acquisitions	10,459	13,458	964
Amounts recognized into income	(1,744)	22,905	595
Current increase	44,002	36,513	19,539
Impact of foreign currency exchange	1,537	(7,028)	(2,696)
Ending balance	$ 220,848	$ 166,594	$ 100,746

Income Taxes - Schedule of Net

Income Taxes - Schedule of Net Operating Loss Carryforwards (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 1,109,606
2024
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	10,579
2025 to 2027
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	36,920
2028 to 2030
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	40,604
2031 to 2033
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	10,512
2034 to 2036
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	23,051
2037 to 2039
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	24,681
Thereafter
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	963,259
Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	257,544
Federal | 2024
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	819
Federal | 2025 to 2027
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	2,457
Federal | 2028 to 2030
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	0
Federal | 2031 to 2033
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	0
Federal | 2034 to 2036
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	2,441
Federal | 2037 to 2039
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	2,886
Federal | Thereafter
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	248,941
State
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	93,207
State | 2024
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	24
State | 2025 to 2027
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	0
State | 2028 to 2030
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	0
State | 2031 to 2033
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	667
State | 2034 to 2036
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	324
State | 2037 to 2039
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	2,618
State | Thereafter
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	89,574
Foreign
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	758,855
Foreign | 2024
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	9,736
Foreign | 2025 to 2027
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	34,463
Foreign | 2028 to 2030
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	40,604
Foreign | 2031 to 2033
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	9,845
Foreign | 2034 to 2036
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	20,286
Foreign | 2037 to 2039
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	19,177
Foreign | Thereafter
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 624,744

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 89,237	$ 148,300	$ 207,759
Gross increases related to prior year tax positions	2,989	1,401	4,547
Gross decreases related to prior year tax positions	(16,767)	(43,575)	(58,356)
Gross increases related to current year tax positions	4,395	7,004	10,000
Decreases resulting from expiration of statute of limitation	(10,138)	(11,969)	(10,561)
Decreases resulting from settlements	0	(11,924)	(5,089)
Ending balance	$ 69,716	$ 89,237	$ 148,300

Commitments and Contingencies (

Commitments and Contingencies (Details)	Dec. 31, 2023 USD ($) claim	Mar. 31, 2023	Mar. 10, 2023
Other Commitments [Line Items]
Number of pending claims | claim	0
Severance payment percent, scenario one	100%
Severance payment percent, scenario two	200%
Severance payment percent, scenario three	200%
Indemnification Agreement
Other Commitments [Line Items]
Liabilities under guarantor agreements	$ 0
Indemnification Agreement Two
Other Commitments [Line Items]
Liabilities under guarantor agreements	0
Indemnification Agreement Three
Other Commitments [Line Items]
Liabilities under guarantor agreements	0
Service Level Credits Agreement
Other Commitments [Line Items]
Liabilities under guarantor agreements	0
Capital Expenditures
Other Commitments [Line Items]
Purchase commitments	2,000,000,000
Miscellaneous Purchase Commitments
Other Commitments [Line Items]
Purchase commitments	$ 1,700,000,000
EMEA 2 Joint Venture | Variable Interest Entity, Not Primary Beneficiary
Other Commitments [Line Items]
Ownership Percentage	20%
EMEA 2 Joint Venture | Variable Interest Entity, Not Primary Beneficiary | EMEA 2 Joint Venture Credit Facility
Other Commitments [Line Items]
Maximum borrowing capacity	$ 1,400,000,000
Percentage guarantee on debt payments	0.20
Maximum guarantee under credit facility arrangement	$ 301,400,000
Maximum future payments under debt guarantees	209,000,000
AMER 1 Joint Venture
Other Commitments [Line Items]
Ownership Percentage		20%	20%
AMER 1 Joint Venture | Variable Interest Entity, Not Primary Beneficiary
Other Commitments [Line Items]
Maximum guarantee under credit facility arrangement	$ 9,400,000

Related Party Transactions - Sc

Related Party Transactions - Schedule of Gains (Losses) of Joint Venture Arrangements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Revenues	$ 8,188,136	$ 7,263,105	$ 6,635,537
Costs and services	6,744,862	6,062,577	5,527,375
EMEA 1 Joint Venture | Joint Venture
Related Party Transaction [Line Items]
Revenues	28,962	39,065	42,387
Costs and services	$ 16,900	7,686	8,303
EMEA 1 Joint Venture | Joint Venture | Sublease, Equinix's London 10-2 Data Center
Related Party Transaction [Line Items]
Sublease, lease term (in years)	15 years
VIE Joint Ventures | Joint Venture
Related Party Transaction [Line Items]
Revenues	$ 106,665	$ 40,284	$ 28,320

Related Party Transactions - _2

Related Party Transactions - Schedule of Assets and Liabilities from Related Party Transactions with the Joint Ventures (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Accounts receivable, net	$ 1,003,792	$ 855,380	$ 681,809
Other current assets	468,193	459,138
Property, plant and equipment, net	18,600,833	16,649,534
Operating lease right-of-use assets	1,448,890	1,427,950
Other current liabilities	301,729	251,346
Other assets	1,591,312	1,376,137
Other liabilities	795,549	797,863
Finance lease liabilities, less current portion	2,261,141
Operating lease liabilities	1,462,078
Joint Venture | EMEA 1 Joint Venture
Related Party Transaction [Line Items]
Accounts receivable, net	18,946	25,717
Other current assets	19,099	55,473
Property, plant and equipment, net	97,436	100,968
Operating lease right-of-use assets	1,921	0
Other current liabilities	9,182	1,857
Finance lease liabilities, less current portion	110,677	108,603
Operating lease liabilities	1,954	0
Other Liabilities	50,002	33,773
Joint Venture | VIE Joint Ventures
Related Party Transaction [Line Items]
Accounts receivable, net	23,020	14,076
Other current assets	42,829	11,140
Property, plant and equipment, net	72,113	0
Operating lease right-of-use assets	1,788	0
Other current liabilities	5,774	0
Other assets	20,624	0
Finance lease liabilities, less current portion	75,061	0
Operating lease liabilities	$ 1,700	$ 0

Related Party Transactions - _3

Related Party Transactions - Schedule of Other Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Revenues	$ 8,188,136	$ 7,263,105	$ 6,635,537
Costs and services	6,744,862	6,062,577	5,527,375
Accounts receivable, net	1,003,792	855,380	681,809
Accounts payable	1,186,618	1,004,800
Investor
Related Party Transaction [Line Items]
Revenues	309,509	236,464	140,947
Costs and services	37,945	58,932	$ 5,337
Accounts receivable, net	33,405	25,990
Accounts payable	$ 45	$ 665

Segment Information - Additiona

Segment Information - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) line segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of primary lines of business | line	1
Number of reportable segments | segment	3
Revenues	$ 8,188,136	$ 7,263,105	$ 6,635,537
U.S.
Segment Reporting Information [Line Items]
Revenues	3,100,000	$ 2,900,000	$ 2,600,000
UNITED KINGDOM
Segment Reporting Information [Line Items]
Revenues	$ 821,900

Segment Information - Schedule

Segment Information - Schedule of Revenue Information by Category (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue from External Customer [Line Items]
Revenues	$ 8,188,136	$ 7,263,105	$ 6,635,537
Recurring revenues
Revenue from External Customer [Line Items]
Revenues	7,744,731	6,871,287	6,220,485
Colocation
Revenue from External Customer [Line Items]
Revenues	5,766,061	5,082,610	4,642,214
Interconnection
Revenue from External Customer [Line Items]
Revenues	1,394,310	1,268,276	1,161,502
Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	451,673	415,506	380,857
Other
Revenue from External Customer [Line Items]
Revenues	132,687	104,895	35,912
Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	443,405	391,818	415,052
Americas
Revenue from External Customer [Line Items]
Revenues	3,617,492	3,349,217	3,021,751
Americas | Recurring revenues
Revenue from External Customer [Line Items]
Revenues	3,456,953	3,183,191	2,861,937
Americas | Colocation
Revenue from External Customer [Line Items]
Revenues	2,365,049	2,187,751	2,002,253
Americas | Interconnection
Revenue from External Customer [Line Items]
Revenues	820,007	756,214	678,677
Americas | Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	249,779	218,499	168,577
Americas | Other
Revenue from External Customer [Line Items]
Revenues	22,118	20,727	12,430
Americas | Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	160,539	166,026	159,814
EMEA
Revenue from External Customer [Line Items]
Revenues	2,837,854	2,343,204	2,155,216
EMEA | Recurring revenues
Revenue from External Customer [Line Items]
Revenues	2,648,157	2,207,329	2,001,931
EMEA | Colocation
Revenue from External Customer [Line Items]
Revenues	2,112,168	1,744,121	1,597,830
EMEA | Interconnection
Revenue from External Customer [Line Items]
Revenues	307,337	268,398	259,538
EMEA | Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	130,061	119,361	124,937
EMEA | Other
Revenue from External Customer [Line Items]
Revenues	98,591	75,449	19,626
EMEA | Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	189,697	135,875	153,285
Asia-Pacific
Revenue from External Customer [Line Items]
Revenues	1,732,790	1,570,684	1,458,570
Asia-Pacific | Recurring revenues
Revenue from External Customer [Line Items]
Revenues	1,639,621	1,480,767	1,356,617
Asia-Pacific | Colocation
Revenue from External Customer [Line Items]
Revenues	1,288,844	1,150,738	1,042,131
Asia-Pacific | Interconnection
Revenue from External Customer [Line Items]
Revenues	266,966	243,664	223,287
Asia-Pacific | Managed infrastructure
Revenue from External Customer [Line Items]
Revenues	71,833	77,646	87,343
Asia-Pacific | Other
Revenue from External Customer [Line Items]
Revenues	11,978	8,719	3,856
Asia-Pacific | Non-recurring revenues
Revenue from External Customer [Line Items]
Revenues	$ 93,169	$ 89,917	$ 101,953

Segment Information - Schedul_2

Segment Information - Schedule of Adjusted EBITDA (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 3,701,841	$ 3,369,700	$ 3,144,384
Depreciation, amortization and accretion expense	(1,843,665)	(1,739,374)	(1,660,524)
Stock-based compensation expense	(407,536)	(403,983)	(363,774)
Transaction costs	(12,412)	(21,839)	(22,769)
Gain (loss) on asset sales	5,046	(3,976)	10,845
Interest income	94,227	36,268	2,644
Interest expense	(402,022)	(356,337)	(336,082)
Other expense	(11,214)	(51,417)	(50,647)
Gain (loss) on debt extinguishment	(35)	327	(115,125)
Income before income taxes	1,124,230	829,369	608,952
Americas
Segment Reporting Information [Line Items]
Adjusted EBITDA	1,613,696	1,521,775	1,326,460
EMEA
Segment Reporting Information [Line Items]
Adjusted EBITDA	1,251,276	1,109,502	1,033,333
Asia-Pacific
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 836,869	$ 738,423	$ 784,591

Segment Information - Schedul_3

Segment Information - Schedule of Segment Disclosures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 1,845,138	$ 1,736,208	$ 1,656,290
Capital expenditures	2,781,018	2,278,004	2,751,512
Americas
Segment Reporting Information [Line Items]
Depreciation and amortization	1,000,976	931,357	865,910
Capital expenditures	1,626,953	1,139,309	970,217
EMEA
Segment Reporting Information [Line Items]
Depreciation and amortization	499,888	458,156	455,651
Capital expenditures	717,471	750,569	1,049,279
Asia-Pacific
Segment Reporting Information [Line Items]
Depreciation and amortization	344,274	346,695	334,729
Capital expenditures	$ 436,594	$ 388,126	$ 732,016

Segment Information - Schedul_4

Segment Information - Schedule of Long-Lived Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	$ 18,600,833	$ 16,649,534
Operating lease right-of-use assets	1,448,890	1,427,950
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	8,610,354	7,532,125
Operating lease right-of-use assets	421,268	263,148
Americas | U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	6,700,000	6,000,000
Operating lease right-of-use assets	398,300	244,700
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	6,321,164	5,577,498
Operating lease right-of-use assets	367,865	440,139
Asia-Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	3,669,315	3,539,911
Operating lease right-of-use assets	$ 659,757	$ 724,663

Subsequent Events (Details)

Subsequent Events (Details)	Feb. 14, 2024 $ / shares
Subsequent event
Subsequent Event [Line Items]
Cash dividends declared per share (in dollars per share)	$ 4.26

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation, by Property (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Initial Costs to Company
Encumbrances	$ 30,310,000
Land	627,881,000
Buildings and Improvements	4,725,540,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	790,465,000
Buildings and Improvements	20,469,963,000
Total Costs
Land	1,418,346,000
Buildings and Improvements	25,195,503,000
Accumulated Depreciation	(9,088,642,000)	$ (8,094,898,000)	$ (7,274,860,000)	$ (6,399,477,000)
Taxable basis in aggregate initial cost	32,900,000,000
Operating lease
Total Costs
Initial cost	0
Americas | AT1 ATLANTA (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	300,175,000
Total Costs
Land	0
Buildings and Improvements	300,175,000
Accumulated Depreciation	(103,704,000)
Americas | AT2 ATLANTA (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	38,430,000
Total Costs
Land	0
Buildings and Improvements	38,430,000
Accumulated Depreciation	(35,078,000)
Americas | AT3 ATLANTA (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	4,246,000
Total Costs
Land	0
Buildings and Improvements	4,246,000
Accumulated Depreciation	(3,903,000)
Americas | AT4 ATLANTA (METRO)
Initial Costs to Company
Encumbrances	0
Land	5,400,000
Buildings and Improvements	20,209,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	31,444,000
Total Costs
Land	5,400,000
Buildings and Improvements	51,653,000
Accumulated Depreciation	(20,036,000)
Americas | AT5 ATLANTA (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	5,011,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	1,257,000
Total Costs
Land	0
Buildings and Improvements	6,268,000
Accumulated Depreciation	(5,791,000)
Americas | BG1 BOGOTÁ (METRO), COLOMBIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	8,779,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	773,000
Buildings and Improvements	8,396,000
Total Costs
Land	773,000
Buildings and Improvements	17,175,000
Accumulated Depreciation	(7,557,000)
Americas | BG2 BOGOTÁ (METRO), COLOMBIA
Initial Costs to Company
Encumbrances	0
Land	3,970,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	999,000
Buildings and Improvements	46,369,000
Total Costs
Land	4,969,000
Buildings and Improvements	46,369,000
Accumulated Depreciation	(1,166,000)
Americas | BO2 BOSTON (METRO)
Initial Costs to Company
Encumbrances	0
Land	2,500,000
Buildings and Improvements	30,383,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	38,773,000
Total Costs
Land	2,500,000
Buildings and Improvements	69,156,000
Accumulated Depreciation	(22,390,000)
Americas | CH1 CHICAGO (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	113,488,000
Total Costs
Land	0
Buildings and Improvements	113,488,000
Accumulated Depreciation	(86,977,000)
Americas | CH2 CHICAGO (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	65,322,000
Total Costs
Land	0
Buildings and Improvements	65,322,000
Accumulated Depreciation	(36,885,000)
Americas | CH3 CHICAGO (METRO)
Initial Costs to Company
Encumbrances	0
Land	9,759,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	351,000
Buildings and Improvements	352,661,000
Total Costs
Land	10,110,000
Buildings and Improvements	352,661,000
Accumulated Depreciation	(171,851,000)
Americas | CH4 CHICAGO (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	147,771,000
Total Costs
Land	0
Buildings and Improvements	147,771,000
Accumulated Depreciation	(22,050,000)
Americas | CH7 CHICAGO (METRO)
Initial Costs to Company
Encumbrances	0
Land	670,000
Buildings and Improvements	10,564,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	10,299,000
Total Costs
Land	670,000
Buildings and Improvements	20,863,000
Accumulated Depreciation	(7,985,000)
Americas | CL1 CALGARY (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	11,572,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	5,838,000
Total Costs
Land	0
Buildings and Improvements	17,410,000
Accumulated Depreciation	(8,030,000)
Americas | CL2 CALGARY (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	14,145,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	6,655,000
Total Costs
Land	0
Buildings and Improvements	20,800,000
Accumulated Depreciation	(9,015,000)
Americas | CL3 CALGARY (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	7,747,000
Buildings and Improvements	69,334,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	178,000
Buildings and Improvements	59,905,000
Total Costs
Land	7,925,000
Buildings and Improvements	129,239,000
Accumulated Depreciation	(19,854,000)
Americas | CU1 CULPEPER (METRO)
Initial Costs to Company
Encumbrances	0
Land	1,019,000
Buildings and Improvements	37,581,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	6,879,000
Total Costs
Land	1,019,000
Buildings and Improvements	44,460,000
Accumulated Depreciation	(22,336,000)
Americas | CU2 CULPEPER (METRO)
Initial Costs to Company
Encumbrances	0
Land	1,244,000
Buildings and Improvements	48,000,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	14,135,000
Total Costs
Land	1,244,000
Buildings and Improvements	62,135,000
Accumulated Depreciation	(25,610,000)
Americas | CU3 CULPEPER (METRO)
Initial Costs to Company
Encumbrances	0
Land	1,088,000
Buildings and Improvements	37,387,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	15,879,000
Total Costs
Land	1,088,000
Buildings and Improvements	53,266,000
Accumulated Depreciation	(19,403,000)
Americas | CU4 CULPEPER (METRO)
Initial Costs to Company
Encumbrances	0
Land	1,372,000
Buildings and Improvements	27,832,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	37,810,000
Total Costs
Land	1,372,000
Buildings and Improvements	65,642,000
Accumulated Depreciation	(18,715,000)
Americas | DA1 DALLAS (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	71,277,000
Total Costs
Land	0
Buildings and Improvements	71,277,000
Accumulated Depreciation	(44,160,000)
Americas | DA2 DALLAS (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	83,289,000
Total Costs
Land	0
Buildings and Improvements	83,289,000
Accumulated Depreciation	(40,250,000)
Americas | DA3 DALLAS (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	99,240,000
Total Costs
Land	0
Buildings and Improvements	99,240,000
Accumulated Depreciation	(49,947,000)
Americas | DA4 DALLAS (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	17,125,000
Total Costs
Land	0
Buildings and Improvements	17,125,000
Accumulated Depreciation	(11,452,000)
Americas | DA6 DALLAS (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	20,522,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	193,753,000
Total Costs
Land	0
Buildings and Improvements	214,275,000
Accumulated Depreciation	(69,284,000)
Americas | DA7 DALLAS (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	32,192,000
Total Costs
Land	0
Buildings and Improvements	32,192,000
Accumulated Depreciation	(22,362,000)
Americas | DA9 DALLAS (METRO)
Initial Costs to Company
Encumbrances	0
Land	610,000
Buildings and Improvements	15,398,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	7,676,000
Total Costs
Land	610,000
Buildings and Improvements	23,074,000
Accumulated Depreciation	(9,731,000)
Americas | DA11 DALLAS (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	290,066,000
Total Costs
Land	0
Buildings and Improvements	290,066,000
Accumulated Depreciation	(41,193,000)
Americas | INFOMART BUILDING DALLAS (METRO)
Initial Costs to Company
Encumbrances	0
Land	24,380,000
Buildings and Improvements	337,643,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	3,293,000
Buildings and Improvements	31,160,000
Total Costs
Land	27,673,000
Buildings and Improvements	368,803,000
Accumulated Depreciation	(63,337,000)
Americas | DC1 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	6,251,000
Total Costs
Land	0
Buildings and Improvements	6,251,000
Accumulated Depreciation	(3,232,000)
Americas | DC2 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	5,047,000
Buildings and Improvements	138,769,000
Total Costs
Land	5,047,000
Buildings and Improvements	138,769,000
Accumulated Depreciation	(99,260,000)
Americas | DC3 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	37,451,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	53,692,000
Total Costs
Land	0
Buildings and Improvements	91,143,000
Accumulated Depreciation	(59,791,000)
Americas | DC4 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	1,906,000
Buildings and Improvements	7,272,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	58,171,000
Total Costs
Land	1,906,000
Buildings and Improvements	65,443,000
Accumulated Depreciation	(46,653,000)
Americas | DC5 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	1,429,000
Buildings and Improvements	4,983,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	68,574,000
Total Costs
Land	1,429,000
Buildings and Improvements	73,557,000
Accumulated Depreciation	(50,275,000)
Americas | DC6 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	1,429,000
Buildings and Improvements	5,082,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	94,331,000
Total Costs
Land	1,429,000
Buildings and Improvements	99,413,000
Accumulated Depreciation	(63,053,000)
Americas | DC7 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	18,463,000
Total Costs
Land	0
Buildings and Improvements	18,463,000
Accumulated Depreciation	(15,775,000)
Americas | DC10 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	44,601,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	72,000,000
Total Costs
Land	0
Buildings and Improvements	116,601,000
Accumulated Depreciation	(101,303,000)
Americas | DC11 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	1,429,000
Buildings and Improvements	5,082,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	188,680,000
Total Costs
Land	1,429,000
Buildings and Improvements	193,762,000
Accumulated Depreciation	(88,673,000)
Americas | DC12 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	101,783,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	83,608,000
Total Costs
Land	0
Buildings and Improvements	185,391,000
Accumulated Depreciation	(57,719,000)
Americas | DC13 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	5,500,000
Buildings and Improvements	25,423,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	35,100,000
Total Costs
Land	5,500,000
Buildings and Improvements	60,523,000
Accumulated Depreciation	(24,532,000)
Americas | DC14 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	2,560,000
Buildings and Improvements	33,511,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	16,591,000
Total Costs
Land	2,560,000
Buildings and Improvements	50,102,000
Accumulated Depreciation	(18,339,000)
Americas | DC15 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	1,965,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	1,964,000
Buildings and Improvements	195,790,000
Total Costs
Land	3,929,000
Buildings and Improvements	195,790,000
Accumulated Depreciation	(33,908,000)
Americas | DC16 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	212,445,000
Total Costs
Land	0
Buildings and Improvements	212,445,000
Accumulated Depreciation	(669,000)
Americas | DC21 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	1,507,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	195,152,000
Total Costs
Land	1,507,000
Buildings and Improvements	195,152,000
Accumulated Depreciation	(23,809,000)
Americas | DC97 WASHINGTON, DC (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	2,021,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	1,977,000
Total Costs
Land	0
Buildings and Improvements	3,998,000
Accumulated Depreciation	(2,102,000)
Americas | DE1 DENVER (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	9,923,000
Total Costs
Land	0
Buildings and Improvements	9,923,000
Accumulated Depreciation	(9,081,000)
Americas | DE2 DENVER (METRO)
Initial Costs to Company
Encumbrances	0
Land	5,240,000
Buildings and Improvements	23,053,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	35,233,000
Total Costs
Land	5,240,000
Buildings and Improvements	58,286,000
Accumulated Depreciation	(22,774,000)
Americas | HO1 HOUSTON (METRO)
Initial Costs to Company
Encumbrances	0
Land	1,440,000
Buildings and Improvements	23,780,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	34,618,000
Total Costs
Land	1,440,000
Buildings and Improvements	58,398,000
Accumulated Depreciation	(22,169,000)
Americas | KA1 KAMLOOPS (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	2,929,000
Buildings and Improvements	46,983,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	67,000
Buildings and Improvements	30,301,000
Total Costs
Land	2,996,000
Buildings and Improvements	77,284,000
Accumulated Depreciation	(12,121,000)
Americas | LA1 LOS ANGELES (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	112,152,000
Total Costs
Land	0
Buildings and Improvements	112,152,000
Accumulated Depreciation	(83,432,000)
Americas | LA2 LOS ANGELES (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	10,697,000
Total Costs
Land	0
Buildings and Improvements	10,697,000
Accumulated Depreciation	(9,962,000)
Americas | LA3 LOS ANGELES (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	34,727,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	3,959,000
Buildings and Improvements	20,125,000
Total Costs
Land	3,959,000
Buildings and Improvements	54,852,000
Accumulated Depreciation	(45,021,000)
Americas | LA4 LOS ANGELES (METRO)
Initial Costs to Company
Encumbrances	0
Land	19,333,000
Buildings and Improvements	137,630,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	86,651,000
Total Costs
Land	19,333,000
Buildings and Improvements	224,281,000
Accumulated Depreciation	(121,418,000)
Americas | LA7 LOS ANGELES (METRO)
Initial Costs to Company
Encumbrances	0
Land	7,800,000
Buildings and Improvements	33,621,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	56,961,000
Total Costs
Land	7,800,000
Buildings and Improvements	90,582,000
Accumulated Depreciation	(25,110,000)
Americas | LM1 LIMA (METRO), PERU
Initial Costs to Company
Encumbrances	0
Land	4,589,000
Buildings and Improvements	8,835,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	234,000
Buildings and Improvements	3,239,000
Total Costs
Land	4,823,000
Buildings and Improvements	12,074,000
Accumulated Depreciation	(1,121,000)
Americas | MI1 MIAMI (METRO)
Initial Costs to Company
Encumbrances	0
Land	18,920,000
Buildings and Improvements	127,194,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	162,245,000
Total Costs
Land	18,920,000
Buildings and Improvements	289,439,000
Accumulated Depreciation	(102,259,000)
Americas | MI2 MIAMI (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	22,690,000
Total Costs
Land	0
Buildings and Improvements	22,690,000
Accumulated Depreciation	(17,194,000)
Americas | MI3 MIAMI (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	35,120,000
Total Costs
Land	0
Buildings and Improvements	35,120,000
Accumulated Depreciation	(24,445,000)
Americas | MI6 MIAMI (METRO)
Initial Costs to Company
Encumbrances	0
Land	4,750,000
Buildings and Improvements	23,017,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	11,124,000
Total Costs
Land	4,750,000
Buildings and Improvements	34,141,000
Accumulated Depreciation	(16,025,000)
Americas | MO1 MONTERREY (METRO), MEXICO
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	2,572,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	5,133,000
Total Costs
Land	0
Buildings and Improvements	7,705,000
Accumulated Depreciation	(2,509,000)
Americas | MT1 MONTREAL (METRO), CANADA (5)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	76,932,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	34,900,000
Buildings and Improvements	(19,783,000)
Total Costs
Land	34,900,000
Buildings and Improvements	57,149,000
Accumulated Depreciation	(25,952,000)
Americas | MT2 MONTREAL (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	2,800,000
Buildings and Improvements	58,183,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	64,000
Buildings and Improvements	42,860,000
Total Costs
Land	2,864,000
Buildings and Improvements	101,043,000
Accumulated Depreciation	(7,932,000)
Americas | MX1 MEXICO CITY (METRO), MEXICO
Initial Costs to Company
Encumbrances	0
Land	1,090,000
Buildings and Improvements	53,980,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	38,486,000
Total Costs
Land	1,090,000
Buildings and Improvements	92,466,000
Accumulated Depreciation	(18,016,000)
Americas | MX2 MEXICO CITY (METRO), MEXICO
Initial Costs to Company
Encumbrances	0
Land	1,090,000
Buildings and Improvements	16,061,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	107,676,000
Total Costs
Land	1,090,000
Buildings and Improvements	123,737,000
Accumulated Depreciation	(8,347,000)
Americas | NY1 NEW YORK (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	72,522,000
Total Costs
Land	0
Buildings and Improvements	72,522,000
Accumulated Depreciation	(52,516,000)
Americas | NY2 NEW YORK (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	17,859,000
Buildings and Improvements	207,183,000
Total Costs
Land	17,859,000
Buildings and Improvements	207,183,000
Accumulated Depreciation	(139,796,000)
Americas | NY3 NEW YORK (METRO)
Initial Costs to Company
Encumbrances
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	38,484,000
Buildings and Improvements	308,715,000
Total Costs
Land	38,484,000
Buildings and Improvements	308,715,000
Accumulated Depreciation	(5,840,000)
Americas | NY4 NEW YORK (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	375,023,000
Total Costs
Land	0
Buildings and Improvements	375,023,000
Accumulated Depreciation	(231,647,000)
Americas | NY5 NEW YORK (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	305,730,000
Total Costs
Land	0
Buildings and Improvements	305,730,000
Accumulated Depreciation	(129,148,000)
Americas | NY6 NEW YORK (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	102,886,000
Total Costs
Land	0
Buildings and Improvements	102,886,000
Accumulated Depreciation	(28,463,000)
Americas | NY7 NEW YORK (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	24,660,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	161,202,000
Total Costs
Land	0
Buildings and Improvements	185,862,000
Accumulated Depreciation	(144,791,000)
Americas | NY9 NEW YORK (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	49,925,000
Total Costs
Land	0
Buildings and Improvements	49,925,000
Accumulated Depreciation	(43,174,000)
Americas | NY11 NEW YORK (METRO)
Initial Costs to Company
Encumbrances	0
Land	2,050,000
Buildings and Improvements	58,717,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	118,375,000
Total Costs
Land	2,050,000
Buildings and Improvements	177,092,000
Accumulated Depreciation	(36,482,000)
Americas | NY13 NEW YORK (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	31,603,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	8,300,000
Buildings and Improvements	7,184,000
Total Costs
Land	8,300,000
Buildings and Improvements	38,787,000
Accumulated Depreciation	(22,754,000)
Americas | OT1 OTTAWA (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	1,549,000
Buildings and Improvements	39,128,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	36,000
Buildings and Improvements	6,073,000
Total Costs
Land	1,585,000
Buildings and Improvements	45,201,000
Accumulated Depreciation	(9,742,000)
Americas | PH1 PHILADELPHIA (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	45,035,000
Total Costs
Land	0
Buildings and Improvements	45,035,000
Accumulated Depreciation	(26,000,000)
Americas | RJ1 RIO DE JANEIRO (METRO), BRAZIL
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	23,444,000
Total Costs
Land	0
Buildings and Improvements	23,444,000
Accumulated Depreciation	(20,011,000)
Americas | RJ2 RIO DE JANEIRO (METRO), BRAZIL
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	2,012,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	1,356,000
Buildings and Improvements	110,811,000
Total Costs
Land	1,356,000
Buildings and Improvements	112,823,000
Accumulated Depreciation	(32,331,000)
Americas | SE2 SEATTLE (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	31,288,000
Total Costs
Land	0
Buildings and Improvements	31,288,000
Accumulated Depreciation	(27,823,000)
Americas | SE3 SEATTLE (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	1,760,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	101,101,000
Total Costs
Land	0
Buildings and Improvements	102,861,000
Accumulated Depreciation	(76,313,000)
Americas | SE4 SEATTLE (METRO)
Initial Costs to Company
Encumbrances	0
Land	4,000,000
Buildings and Improvements	12,903,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	75,887,000
Total Costs
Land	4,000,000
Buildings and Improvements	88,790,000
Accumulated Depreciation	(18,910,000)
Americas | SJ1 SAINT JOHN (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	159,000
Buildings and Improvements	14,276,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	3,000
Buildings and Improvements	2,579,000
Total Costs
Land	162,000
Buildings and Improvements	16,855,000
Accumulated Depreciation	(3,748,000)
Americas | SP1 SÃO PAULO (METRO), BRAZIL
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	10,188,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	32,079,000
Total Costs
Land	0
Buildings and Improvements	42,267,000
Accumulated Depreciation	(26,170,000)
Americas | SP2 SÃO PAULO (METRO), BRAZIL
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	3,300,000
Buildings and Improvements	60,520,000
Total Costs
Land	3,300,000
Buildings and Improvements	60,520,000
Accumulated Depreciation	(43,359,000)
Americas | SP3 SÃO PAULO (METRO), BRAZIL
Initial Costs to Company
Encumbrances	0
Land	7,222,000
Buildings and Improvements	72,997,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	1,071,000
Buildings and Improvements	147,465,000
Total Costs
Land	8,293,000
Buildings and Improvements	220,462,000
Accumulated Depreciation	(74,396,000)
Americas | SP4 SÃO PAULO (METRO), BRAZIL
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	22,027,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	7,320,000
Buildings and Improvements	110,177,000
Total Costs
Land	7,320,000
Buildings and Improvements	132,204,000
Accumulated Depreciation	(38,213,000)
Americas | ST1 SANTIAGO (METRO), CHILE
Initial Costs to Company
Encumbrances	0
Land	2,029,000
Buildings and Improvements	24,552,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	10,392,000
Total Costs
Land	2,029,000
Buildings and Improvements	34,944,000
Accumulated Depreciation	(3,845,000)
Americas | ST2 SANTIAGO (METRO), CHILE
Initial Costs to Company
Encumbrances	0
Land	2,029,000
Buildings and Improvements	11,736,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	18,151,000
Total Costs
Land	2,029,000
Buildings and Improvements	29,887,000
Accumulated Depreciation	(1,719,000)
Americas | ST3 SANTIAGO (METRO), CHILE
Initial Costs to Company
Encumbrances	0
Land	1,467,000
Buildings and Improvements	10,341,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	6,485,000
Total Costs
Land	1,467,000
Buildings and Improvements	16,826,000
Accumulated Depreciation	(2,732,000)
Americas | ST4 SANTIAGO (METRO), CHILE
Initial Costs to Company
Encumbrances	0
Land	78,000
Buildings and Improvements	4,679,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	3,388,000
Total Costs
Land	78,000
Buildings and Improvements	8,067,000
Accumulated Depreciation	(1,008,000)
Americas | SV1 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	15,545,000
Buildings and Improvements	149,163,000
Total Costs
Land	15,545,000
Buildings and Improvements	149,163,000
Accumulated Depreciation	(108,305,000)
Americas | SV2 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	158,306,000
Total Costs
Land	0
Buildings and Improvements	158,306,000
Accumulated Depreciation	(111,696,000)
Americas | SV3 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	77,613,000
Total Costs
Land	0
Buildings and Improvements	77,613,000
Accumulated Depreciation	(47,217,000)
Americas | SV4 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	111,181,000
Total Costs
Land	0
Buildings and Improvements	111,181,000
Accumulated Depreciation	(36,131,000)
Americas | SV5 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	6,238,000
Buildings and Improvements	98,991,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	107,793,000
Total Costs
Land	6,238,000
Buildings and Improvements	206,784,000
Accumulated Depreciation	(108,994,000)
Americas | SV8 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	157,710,000
Total Costs
Land	0
Buildings and Improvements	157,710,000
Accumulated Depreciation	(54,403,000)
Americas | SV10 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	12,646,000
Buildings and Improvements	123,594,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	98,625,000
Total Costs
Land	12,646,000
Buildings and Improvements	222,219,000
Accumulated Depreciation	(65,680,000)
Americas | SV11 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	213,427,000
Total Costs
Land	0
Buildings and Improvements	213,427,000
Accumulated Depreciation	(17,874,000)
Americas | SV12 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	20,313,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	239,279,000
Total Costs
Land	20,313,000
Buildings and Improvements	239,279,000
Accumulated Depreciation	0
Americas | SV14 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	3,638,000
Buildings and Improvements	5,503,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	3,901,000
Total Costs
Land	3,638,000
Buildings and Improvements	9,404,000
Accumulated Depreciation	(4,359,000)
Americas | SV15 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	7,651,000
Buildings and Improvements	23,060,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	17,651,000
Total Costs
Land	7,651,000
Buildings and Improvements	40,711,000
Accumulated Depreciation	(18,586,000)
Americas | SV16 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	4,271,000
Buildings and Improvements	15,018,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	7,333,000
Total Costs
Land	4,271,000
Buildings and Improvements	22,351,000
Accumulated Depreciation	(10,206,000)
Americas | SV17 SILICON VALLEY (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	17,493,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	2,693,000
Total Costs
Land	0
Buildings and Improvements	20,186,000
Accumulated Depreciation	(17,480,000)
Americas | TR1 TORONTO (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	86,073,000
Total Costs
Land	0
Buildings and Improvements	86,073,000
Accumulated Depreciation	(39,499,000)
Americas | TR2 TORONTO (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	21,113,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	102,149,000
Buildings and Improvements	159,693,000
Total Costs
Land	102,149,000
Buildings and Improvements	180,806,000
Accumulated Depreciation	(47,009,000)
Americas | TR4 TORONTO (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	13,985,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	5,380,000
Total Costs
Land	0
Buildings and Improvements	19,365,000
Accumulated Depreciation	(11,831,000)
Americas | TR5 MARKHAM (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	24,913,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	3,407,000
Total Costs
Land	0
Buildings and Improvements	28,320,000
Accumulated Depreciation	(13,134,000)
Americas | TR6 BRAMPTON (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	9,386,000
Buildings and Improvements	58,704,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	2,735,000
Buildings and Improvements	43,646,000
Total Costs
Land	12,121,000
Buildings and Improvements	102,350,000
Accumulated Depreciation	(12,486,000)
Americas | TR7 BRAMPTON (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	9,193,000
Buildings and Improvements	71,966,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	211,000
Buildings and Improvements	32,025,000
Total Costs
Land	9,404,000
Buildings and Improvements	103,991,000
Accumulated Depreciation	(25,620,000)
Americas | VA1 BURNABY (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	4,668,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	6,611,000
Total Costs
Land	0
Buildings and Improvements	11,279,000
Accumulated Depreciation	(3,350,000)
Americas | WI1 WINNIPEG (METRO), CANADA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	57,234,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	7,330,000
Total Costs
Land	0
Buildings and Improvements	64,564,000
Accumulated Depreciation	(6,626,000)
Americas | OTHERS
Initial Costs to Company
Encumbrances	0
Land	94,931,000
Buildings and Improvements	50,135,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	12,070,000
Buildings and Improvements	132,175,000
Total Costs
Land	107,001,000
Buildings and Improvements	182,310,000
Accumulated Depreciation	(21,058,000)
EMEA | OTHERS
Initial Costs to Company
Encumbrances	0
Land	64,406,000
Buildings and Improvements	18,309,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	254,745,000
Buildings and Improvements	284,940,000
Total Costs
Land	319,151,000
Buildings and Improvements	303,249,000
Accumulated Depreciation	(34,247,000)
EMEA | AB1 ABIDJAN (METRO), CÔTE D'IVOIRE
Initial Costs to Company
Encumbrances	0
Land	29,000
Buildings and Improvements	1,182,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	3,345,000
Total Costs
Land	29,000
Buildings and Improvements	4,527,000
Accumulated Depreciation	(542,000)
EMEA | AC1 ACCRA (METRO), GHANA
Initial Costs to Company
Encumbrances	0
Land	129,000
Buildings and Improvements	798,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	6,944,000
Total Costs
Land	129,000
Buildings and Improvements	7,742,000
Accumulated Depreciation	(1,251,000)
EMEA | AD1 ABU DHABI (METRO), UNITED ARAB EMIRATES
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	76,046,000
Total Costs
Land	0
Buildings and Improvements	76,046,000
Accumulated Depreciation	(27,113,000)
EMEA | AM1 AMSTERDAM (METRO), THE NETHERLANDS
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	93,561,000
Total Costs
Land	0
Buildings and Improvements	93,561,000
Accumulated Depreciation	(57,800,000)
EMEA | AM2 AMSTERDAM (METRO), THE NETHERLANDS
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	85,209,000
Total Costs
Land	0
Buildings and Improvements	85,209,000
Accumulated Depreciation	(39,568,000)
EMEA | AM3 AMSTERDAM (METRO), THE NETHERLANDS
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	27,099,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	132,018,000
Total Costs
Land	0
Buildings and Improvements	159,117,000
Accumulated Depreciation	(80,105,000)
EMEA | AM4 AMSTERDAM (METRO), THE NETHERLANDS
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	218,587,000
Total Costs
Land	0
Buildings and Improvements	218,587,000
Accumulated Depreciation	(57,877,000)
EMEA | AM5 AMSTERDAM (METRO), THE NETHERLANDS
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	92,199,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	15,868,000
Total Costs
Land	0
Buildings and Improvements	108,067,000
Accumulated Depreciation	(46,049,000)
EMEA | AM6 AMSTERDAM (METRO), THE NETHERLANDS
Initial Costs to Company
Encumbrances	0
Land	6,616,000
Buildings and Improvements	50,876,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	324,000
Buildings and Improvements	108,782,000
Total Costs
Land	6,940,000
Buildings and Improvements	159,658,000
Accumulated Depreciation	(49,561,000)
EMEA | AM7 AMSTERDAM (METRO), THE NETHERLANDS
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	7,397,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	155,382,000
Total Costs
Land	0
Buildings and Improvements	162,779,000
Accumulated Depreciation	(43,541,000)
EMEA | AM8 AMSTERDAM (METRO), THE NETHERLANDS
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	12,782,000
Total Costs
Land	0
Buildings and Improvements	12,782,000
Accumulated Depreciation	(7,728,000)
EMEA | AM11 AMSTERDAM (METRO), THE NETHERLANDS
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	6,405,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	404,000
Buildings and Improvements	13,374,000
Total Costs
Land	404,000
Buildings and Improvements	19,779,000
Accumulated Depreciation	(5,729,000)
EMEA | BA1 BARCELONA (METRO), SPAIN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	9,443,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	28,508,000
Total Costs
Land	0
Buildings and Improvements	37,951,000
Accumulated Depreciation	(21,224,000)
EMEA | BX1 BORDEAUX (METRO), FRANCE
Initial Costs to Company
Encumbrances	0
Land	1,912,000
Buildings and Improvements	3,507,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	61,000
Buildings and Improvements	88,524,000
Total Costs
Land	1,973,000
Buildings and Improvements	92,031,000
Accumulated Depreciation	(3,328,000)
EMEA | DB1 DUBLIN (METRO), IRELAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	3,312,000
Buildings and Improvements	27,125,000
Total Costs
Land	3,312,000
Buildings and Improvements	27,125,000
Accumulated Depreciation	(5,251,000)
EMEA | DB2 DUBLIN (METRO), IRELAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	12,460,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	14,020,000
Total Costs
Land	0
Buildings and Improvements	26,480,000
Accumulated Depreciation	(15,253,000)
EMEA | DB3 DUBLIN (METRO), IRELAND
Initial Costs to Company
Encumbrances	0
Land	3,334,000
Buildings and Improvements	54,387,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	163,000
Buildings and Improvements	26,437,000
Total Costs
Land	3,497,000
Buildings and Improvements	80,824,000
Accumulated Depreciation	(32,194,000)
EMEA | DB4 DUBLIN (METRO), IRELAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	26,875,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	20,818,000
Total Costs
Land	0
Buildings and Improvements	47,693,000
Accumulated Depreciation	(14,983,000)
EMEA | DU1 DÜSSELDORF (METRO), GERMANY
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	7,988,000
Buildings and Improvements	35,766,000
Total Costs
Land	7,988,000
Buildings and Improvements	35,766,000
Accumulated Depreciation	(19,657,000)
EMEA | DX1 DUBAI (METRO), UNITED ARAB EMIRATES
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	95,856,000
Total Costs
Land	0
Buildings and Improvements	95,856,000
Accumulated Depreciation	(58,155,000)
EMEA | DX2 DUBAI (METRO), UNITED ARAB EMIRATES
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	699,000
Total Costs
Land	0
Buildings and Improvements	699,000
Accumulated Depreciation	(504,000)
EMEA | DX3 DUBAI (METRO), UNITED ARAB EMIRATES
Initial Costs to Company
Encumbrances	0
Land	6,738,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	61,501,000
Total Costs
Land	6,738,000
Buildings and Improvements	61,501,000
Accumulated Depreciation	(2,002,000)
EMEA | EN1 ENSCHEDE (METRO), THE NETHERLANDS
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	37,849,000
Total Costs
Land	0
Buildings and Improvements	37,849,000
Accumulated Depreciation	(24,323,000)
EMEA | FR2 FRANKFURT (METRO), GERMANY
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	20,208,000
Buildings and Improvements	589,421,000
Total Costs
Land	20,208,000
Buildings and Improvements	589,421,000
Accumulated Depreciation	(207,199,000)
EMEA | FR4 FRANKFURT (METRO), GERMANY
Initial Costs to Company
Encumbrances	0
Land	11,578,000
Buildings and Improvements	9,307,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	567,000
Buildings and Improvements	106,344,000
Total Costs
Land	12,145,000
Buildings and Improvements	115,651,000
Accumulated Depreciation	(49,681,000)
EMEA | FR5 FRANKFURT (METRO), GERMANY
Initial Costs to Company
Encumbrances	30,310,000
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	13,783,000
Buildings and Improvements	264,846,000
Total Costs
Land	13,783,000
Buildings and Improvements	264,846,000
Accumulated Depreciation	(77,921,000)
EMEA | FR6 FRANKFURT (METRO), GERMANY
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	140,029,000
Total Costs
Land	0
Buildings and Improvements	140,029,000
Accumulated Depreciation	(49,162,000)
EMEA | FR7 FRANKFURT (METRO), GERMANY
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	43,634,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	50,278,000
Total Costs
Land	0
Buildings and Improvements	93,912,000
Accumulated Depreciation	(43,283,000)
EMEA | FR8 FRANKFURT (METRO), GERMANY
Initial Costs to Company
Encumbrances	0
Land	19,202,000
Buildings and Improvements	58,199,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	614,000
Buildings and Improvements	111,060,000
Total Costs
Land	19,816,000
Buildings and Improvements	169,259,000
Accumulated Depreciation	(12,475,000)
EMEA | FR13 FRANKFURT (METRO), GERMANY
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	100,329,000
Total Costs
Land	0
Buildings and Improvements	100,329,000
Accumulated Depreciation	(877,000)
EMEA | GN1 GENOA (METRO), ITALY
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	1,988,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	21,277,000
Total Costs
Land	0
Buildings and Improvements	23,265,000
Accumulated Depreciation	(1,605,000)
EMEA | GV1 GENEVA (METRO), SWITZERLAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	30,163,000
Total Costs
Land	0
Buildings and Improvements	30,163,000
Accumulated Depreciation	(17,140,000)
EMEA | GV2 GENEVA (METRO), SWITZERLAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	88,361,000
Total Costs
Land	0
Buildings and Improvements	88,361,000
Accumulated Depreciation	(32,500,000)
EMEA | HE3 HELSINKI (METRO), FINLAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	16,129,000
Total Costs
Land	0
Buildings and Improvements	16,129,000
Accumulated Depreciation	(10,810,000)
EMEA | HE4 HELSINKI (METRO), FINLAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	29,092,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	7,681,000
Total Costs
Land	0
Buildings and Improvements	36,773,000
Accumulated Depreciation	(26,564,000)
EMEA | HE5 HELSINKI (METRO), FINLAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	7,564,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	22,057,000
Total Costs
Land	0
Buildings and Improvements	29,621,000
Accumulated Depreciation	(11,143,000)
EMEA | HE6 HELSINKI (METRO), FINLAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	17,204,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	1,546,000
Buildings and Improvements	38,606,000
Total Costs
Land	1,546,000
Buildings and Improvements	55,810,000
Accumulated Depreciation	(21,517,000)
EMEA | HE7 HELSINKI (METRO), FINLAND
Initial Costs to Company
Encumbrances	0
Land	7,348,000
Buildings and Improvements	6,946,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	885,000
Buildings and Improvements	69,131,000
Total Costs
Land	8,233,000
Buildings and Improvements	76,077,000
Accumulated Depreciation	(12,845,000)
EMEA | HH1 HAMBURG (METRO), GERMANY
Initial Costs to Company
Encumbrances
Land	3,612,000
Buildings and Improvements	5,360,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	483,000
Buildings and Improvements	58,637,000
Total Costs
Land	4,095,000
Buildings and Improvements	63,997,000
Accumulated Depreciation	(10,094,000)
EMEA | IL2 ISTANBUL (METRO), TURKEY
Initial Costs to Company
Encumbrances	0
Land	14,460,000
Buildings and Improvements	39,289,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	79,350,000
Total Costs
Land	14,460,000
Buildings and Improvements	118,639,000
Accumulated Depreciation	(19,127,000)
EMEA | LD3 LONDON (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	18,606,000
Total Costs
Land	0
Buildings and Improvements	18,606,000
Accumulated Depreciation	(15,857,000)
EMEA | LD4 LONDON (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	23,044,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	158,022,000
Total Costs
Land	0
Buildings and Improvements	181,066,000
Accumulated Depreciation	(76,607,000)
EMEA | LD5 LONDON (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	16,412,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	197,576,000
Total Costs
Land	0
Buildings and Improvements	213,988,000
Accumulated Depreciation	(114,318,000)
EMEA | LD6 LONDON (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	152,992,000
Total Costs
Land	0
Buildings and Improvements	152,992,000
Accumulated Depreciation	(59,666,000)
EMEA | LD7 LONDON (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	2,196,000
Buildings and Improvements	295,562,000
Total Costs
Land	2,196,000
Buildings and Improvements	295,562,000
Accumulated Depreciation	(43,187,000)
EMEA | LD8 LONDON (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	107,544,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	58,670,000
Buildings and Improvements	222,837,000
Total Costs
Land	58,670,000
Buildings and Improvements	330,381,000
Accumulated Depreciation	(62,036,000)
EMEA | LD9 LONDON (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	181,431,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	218,696,000
Total Costs
Land	0
Buildings and Improvements	400,127,000
Accumulated Depreciation	(129,866,000)
EMEA | LD10 LONDON (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	40,251,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	131,954,000
Total Costs
Land	0
Buildings and Improvements	172,205,000
Accumulated Depreciation	(40,277,000)
EMEA | LS1 LISBON (METRO), PORTUGAL
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	7,374,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	3,412,000
Buildings and Improvements	33,169,000
Total Costs
Land	3,412,000
Buildings and Improvements	40,543,000
Accumulated Depreciation	(7,645,000)
EMEA | LG1 & LG2 LAGOS (METRO), NIGERIA
Initial Costs to Company
Encumbrances	0
Land	1,515,000
Buildings and Improvements	12,470,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	1,506,000
Buildings and Improvements	55,638,000
Total Costs
Land	3,021,000
Buildings and Improvements	68,108,000
Accumulated Depreciation	(7,821,000)
EMEA | MA1 MANCHESTER (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	19,480,000
Total Costs
Land	0
Buildings and Improvements	19,480,000
Accumulated Depreciation	(10,939,000)
EMEA | MA2 MANCHESTER (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	9,719,000
Total Costs
Land	0
Buildings and Improvements	9,719,000
Accumulated Depreciation	(9,649,000)
EMEA | MA3 MANCHESTER (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	44,931,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	22,738,000
Total Costs
Land	0
Buildings and Improvements	67,669,000
Accumulated Depreciation	(35,734,000)
EMEA | MA4 MANCHESTER (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	6,697,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	10,250,000
Total Costs
Land	0
Buildings and Improvements	16,947,000
Accumulated Depreciation	(10,188,000)
EMEA | MA5 MANCHESTER (METRO), UNITED KINGDOM
Initial Costs to Company
Encumbrances	0
Land	3,671,000
Buildings and Improvements	6,874,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	200,000
Buildings and Improvements	119,014,000
Total Costs
Land	3,871,000
Buildings and Improvements	125,888,000
Accumulated Depreciation	(7,458,000)
EMEA | MD1 MADRID (METRO), SPAIN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	7,917,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	9,439,000
Total Costs
Land	0
Buildings and Improvements	17,356,000
Accumulated Depreciation	(8,310,000)
EMEA | MD2 MADRID (METRO), SPAIN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	40,952,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	101,937,000
Total Costs
Land	0
Buildings and Improvements	142,889,000
Accumulated Depreciation	(60,071,000)
EMEA | MD6 MADRID (METRO), SPAIN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	43,536,000
Total Costs
Land	0
Buildings and Improvements	43,536,000
Accumulated Depreciation	(1,008,000)
EMEA | ML2 MILAN (METRO), ITALY
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	27,127,000
Total Costs
Land	0
Buildings and Improvements	27,127,000
Accumulated Depreciation	(21,065,000)
EMEA | ML3 MILAN (METRO), ITALY
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	3,507,000
Buildings and Improvements	47,039,000
Total Costs
Land	3,507,000
Buildings and Improvements	47,039,000
Accumulated Depreciation	(18,657,000)
EMEA | ML5 MILAN (METRO), ITALY
Initial Costs to Company
Encumbrances	0
Land	6,479,000
Buildings and Improvements	20,952,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	207,000
Buildings and Improvements	105,489,000
Total Costs
Land	6,686,000
Buildings and Improvements	126,441,000
Accumulated Depreciation	(10,275,000)
EMEA | MU1 MUNICH (METRO), GERMANY
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	38,363,000
Total Costs
Land	0
Buildings and Improvements	38,363,000
Accumulated Depreciation	(21,912,000)
EMEA | MU3 MUNICH (METRO), GERMANY
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	6,377,000
Total Costs
Land	0
Buildings and Improvements	6,377,000
Accumulated Depreciation	(3,749,000)
EMEA | MU4 MUNICH (METRO), GERMANY
Initial Costs to Company
Encumbrances
Land	11,398,000
Buildings and Improvements	35,120,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	365,000
Buildings and Improvements	88,465,000
Total Costs
Land	11,763,000
Buildings and Improvements	123,585,000
Accumulated Depreciation	(7,936,000)
EMEA | PA2 & PA3 PARIS (METRO), FRANCE
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	29,615,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	22,899,000
Buildings and Improvements	326,841,000
Total Costs
Land	22,899,000
Buildings and Improvements	356,456,000
Accumulated Depreciation	(157,346,000)
EMEA | PA4 PARIS (METRO), FRANCE
Initial Costs to Company
Encumbrances	0
Land	1,524,000
Buildings and Improvements	9,503,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	49,000
Buildings and Improvements	242,442,000
Total Costs
Land	1,573,000
Buildings and Improvements	251,945,000
Accumulated Depreciation	(107,282,000)
EMEA | PA5 PARIS (METRO), FRANCE
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	16,554,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	11,485,000
Total Costs
Land	0
Buildings and Improvements	28,039,000
Accumulated Depreciation	(11,524,000)
EMEA | PA6 PARIS (METRO), FRANCE
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	93,400,000
Total Costs
Land	0
Buildings and Improvements	93,400,000
Accumulated Depreciation	(46,526,000)
EMEA | PA7 PARIS (METRO), FRANCE
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	30,314,000
Total Costs
Land	0
Buildings and Improvements	30,314,000
Accumulated Depreciation	(18,779,000)
EMEA | PA10 PARIS (METRO), FRANCE
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	162,823,000
Total Costs
Land	0
Buildings and Improvements	162,823,000
Accumulated Depreciation	(6,411,000)
EMEA | SK1 STOCKHOLM, (METRO), SWEDEN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	15,495,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	77,043,000
Total Costs
Land	0
Buildings and Improvements	92,538,000
Accumulated Depreciation	(19,589,000)
EMEA | SK2 STOCKHOLM, (METRO), SWEDEN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	80,148,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	3,511,000
Buildings and Improvements	75,262,000
Total Costs
Land	3,511,000
Buildings and Improvements	155,410,000
Accumulated Depreciation	(53,495,000)
EMEA | SK3 STOCKHOLM, (METRO), SWEDEN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	27,118,000
Total Costs
Land	0
Buildings and Improvements	27,118,000
Accumulated Depreciation	(9,757,000)
EMEA | SO1 SOFIA (METRO), BULGARIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	5,236,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	4,752,000
Total Costs
Land	0
Buildings and Improvements	9,988,000
Accumulated Depreciation	(4,596,000)
EMEA | SO2 SOFIA (METRO), BULGARIA
Initial Costs to Company
Encumbrances	0
Land	2,592,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	84,000
Buildings and Improvements	27,614,000
Total Costs
Land	2,676,000
Buildings and Improvements	27,614,000
Accumulated Depreciation	(4,076,000)
EMEA | WA1 WARSAW (METRO), POLAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	5,950,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	27,308,000
Total Costs
Land	0
Buildings and Improvements	33,258,000
Accumulated Depreciation	(15,725,000)
EMEA | WA2 WARSAW (METRO), POLAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	4,709,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	11,259,000
Total Costs
Land	0
Buildings and Improvements	15,968,000
Accumulated Depreciation	(8,208,000)
EMEA | WA3 WARSAW (METRO), POLAND
Initial Costs to Company
Encumbrances	0
Land	2,443,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	270,000
Buildings and Improvements	68,207,000
Total Costs
Land	2,713,000
Buildings and Improvements	68,207,000
Accumulated Depreciation	(8,970,000)
EMEA | ZH2 ZURICH (METRO), SWITZERLAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	6,284,000
Total Costs
Land	0
Buildings and Improvements	6,284,000
Accumulated Depreciation	(5,080,000)
EMEA | ZH4 ZURICH (METRO), SWITZERLAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	11,284,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	54,608,000
Total Costs
Land	0
Buildings and Improvements	65,892,000
Accumulated Depreciation	(37,531,000)
EMEA | ZH5 ZURICH (METRO), SWITZERLAND
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	8,751,000
Buildings and Improvements	269,301,000
Total Costs
Land	8,751,000
Buildings and Improvements	269,301,000
Accumulated Depreciation	(58,900,000)
EMEA | ZW1 ZWOLLE (METRO), THE NETHERLANDS
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	10,991,000
Total Costs
Land	0
Buildings and Improvements	10,991,000
Accumulated Depreciation	(9,862,000)
Asia-Pacific | OTHERS
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	1,733,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	36,741,000
Buildings and Improvements	198,795,000
Total Costs
Land	36,741,000
Buildings and Improvements	200,528,000
Accumulated Depreciation	(19,667,000)
Asia-Pacific | AE1 ADELAIDE (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	2,574,000
Buildings and Improvements	1,015,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	1,000
Buildings and Improvements	2,892,000
Total Costs
Land	2,575,000
Buildings and Improvements	3,907,000
Accumulated Depreciation	(1,381,000)
Asia-Pacific | BR1 BRISBANE (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	3,064,000
Buildings and Improvements	1,053,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	1,000
Buildings and Improvements	3,915,000
Total Costs
Land	3,065,000
Buildings and Improvements	4,968,000
Accumulated Depreciation	(1,463,000)
Asia-Pacific | CA1 CANBERRA (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	18,410,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	7,243,000
Total Costs
Land	0
Buildings and Improvements	25,653,000
Accumulated Depreciation	(5,349,000)
Asia-Pacific | HK1 HONG KONG (METRO), CHINA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	329,339,000
Total Costs
Land	0
Buildings and Improvements	329,339,000
Accumulated Depreciation	(142,380,000)
Asia-Pacific | HK2 HONG KONG (METRO), CHINA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	245,163,000
Total Costs
Land	0
Buildings and Improvements	245,163,000
Accumulated Depreciation	(197,192,000)
Asia-Pacific | HK3 HONG KONG (METRO), CHINA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	187,505,000
Total Costs
Land	0
Buildings and Improvements	187,505,000
Accumulated Depreciation	(112,150,000)
Asia-Pacific | HK4 HONG KONG (METRO), CHINA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	98,536,000
Total Costs
Land	0
Buildings and Improvements	98,536,000
Accumulated Depreciation	(43,765,000)
Asia-Pacific | HK5 HONG KONG (METRO), CHINA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	70,002,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	44,430,000
Total Costs
Land	0
Buildings and Improvements	114,432,000
Accumulated Depreciation	(40,179,000)
Asia-Pacific | KL1 KUALA LUMPUR (METRO), MALAYSIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	30,588,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	6,653,000
Total Costs
Land	0
Buildings and Improvements	37,241,000
Accumulated Depreciation	(340,000)
Asia-Pacific | MB1 MUMBAI (METRO), INDIA
Initial Costs to Company
Encumbrances	0
Land	512,000
Buildings and Improvements	28,457,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	4,353,000
Total Costs
Land	512,000
Buildings and Improvements	32,810,000
Accumulated Depreciation	(6,121,000)
Asia-Pacific | MB2 MUMBAI (METRO), INDIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	56,725,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	2,590,000
Total Costs
Land	0
Buildings and Improvements	59,315,000
Accumulated Depreciation	(11,037,000)
Asia-Pacific | ME1 MELBOURNE (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	14,478,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	4,000
Buildings and Improvements	95,733,000
Total Costs
Land	14,482,000
Buildings and Improvements	95,733,000
Accumulated Depreciation	(37,498,000)
Asia-Pacific | ME2 MELBOURNE (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	130,431,000
Total Costs
Land	0
Buildings and Improvements	130,431,000
Accumulated Depreciation	(17,128,000)
Asia-Pacific | ME4 MELBOURNE (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	3,322,000
Buildings and Improvements	84,175,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	2,000
Buildings and Improvements	11,536,000
Total Costs
Land	3,324,000
Buildings and Improvements	95,711,000
Accumulated Depreciation	(34,714,000)
Asia-Pacific | OS1 OSAKA (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	6,455,000
Buildings and Improvements	4,094,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	2,000
Buildings and Improvements	6,672,000
Total Costs
Land	6,457,000
Buildings and Improvements	10,766,000
Accumulated Depreciation	(4,051,000)
Asia-Pacific | OS1 OSAKA (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	14,876,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	88,568,000
Total Costs
Land	0
Buildings and Improvements	103,444,000
Accumulated Depreciation	(49,447,000)
Asia-Pacific | OS3 OSAKA (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	203,479,000
Total Costs
Land	0
Buildings and Improvements	203,479,000
Accumulated Depreciation	(32,011,000)
Asia-Pacific | PE1 PERTH (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	1,307,000
Buildings and Improvements	1,337,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	1,000
Buildings and Improvements	2,644,000
Total Costs
Land	1,308,000
Buildings and Improvements	3,981,000
Accumulated Depreciation	(963,000)
Asia-Pacific | PE2 PERTH (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	16,327,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	17,021,000
Total Costs
Land	0
Buildings and Improvements	33,348,000
Accumulated Depreciation	(12,479,000)
Asia-Pacific | PE3 PERTH (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	58,853,000
Total Costs
Land	0
Buildings and Improvements	58,853,000
Accumulated Depreciation	(7,832,000)
Asia-Pacific | SG1 SINGAPORE (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	315,051,000
Total Costs
Land	0
Buildings and Improvements	315,051,000
Accumulated Depreciation	(161,423,000)
Asia-Pacific | SG2 SINGAPORE (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	354,690,000
Total Costs
Land	0
Buildings and Improvements	354,690,000
Accumulated Depreciation	(262,338,000)
Asia-Pacific | SG3 SINGAPORE (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	34,844,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	253,945,000
Total Costs
Land	0
Buildings and Improvements	288,789,000
Accumulated Depreciation	(103,538,000)
Asia-Pacific | SG4 SINGAPORE (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	54,602,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	165,637,000
Total Costs
Land	0
Buildings and Improvements	220,239,000
Accumulated Depreciation	(46,728,000)
Asia-Pacific | SG5 SINGAPORE (METRO)
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	355,955,000
Total Costs
Land	0
Buildings and Improvements	355,955,000
Accumulated Depreciation	(40,381,000)
Asia-Pacific | SH2 SHANGHAI (METRO), CHINA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	7,849,000
Total Costs
Land	0
Buildings and Improvements	7,849,000
Accumulated Depreciation	(5,071,000)
Asia-Pacific | SH3 SHANGHAI (METRO), CHINA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	7,066,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	14,582,000
Total Costs
Land	0
Buildings and Improvements	21,648,000
Accumulated Depreciation	(8,818,000)
Asia-Pacific | SH5 SHANGHAI (METRO), CHINA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	11,284,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	23,821,000
Total Costs
Land	0
Buildings and Improvements	35,105,000
Accumulated Depreciation	(20,132,000)
Asia-Pacific | SH6 SHANGHAI (METRO), CHINA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	16,545,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	34,795,000
Total Costs
Land	0
Buildings and Improvements	51,340,000
Accumulated Depreciation	(11,699,000)
Asia-Pacific | SL1 SEOUL (METRO), SOUTH KOREA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	29,236,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	37,118,000
Total Costs
Land	0
Buildings and Improvements	66,354,000
Accumulated Depreciation	(26,027,000)
Asia-Pacific | SY1 SYDNEY (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	80,708,000
Buildings and Improvements	39,254,000
Total Costs
Land	80,708,000
Buildings and Improvements	39,254,000
Accumulated Depreciation	(25,974,000)
Asia-Pacific | SY2 SYDNEY (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	3,080,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	26,599,000
Total Costs
Land	0
Buildings and Improvements	29,679,000
Accumulated Depreciation	(24,002,000)
Asia-Pacific | SY3 SYDNEY (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	8,712,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	145,023,000
Total Costs
Land	0
Buildings and Improvements	153,735,000
Accumulated Depreciation	(100,107,000)
Asia-Pacific | SY4 SYDNEY (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	179,656,000
Total Costs
Land	0
Buildings and Improvements	179,656,000
Accumulated Depreciation	(77,977,000)
Asia-Pacific | SY5 SYDNEY (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	79,613,000
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	24,000
Buildings and Improvements	344,617,000
Total Costs
Land	79,637,000
Buildings and Improvements	344,617,000
Accumulated Depreciation	(35,764,000)
Asia-Pacific | SY6 SYDNEY (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	8,593,000
Buildings and Improvements	64,197,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	2,000
Buildings and Improvements	44,930,000
Total Costs
Land	8,595,000
Buildings and Improvements	109,127,000
Accumulated Depreciation	(20,257,000)
Asia-Pacific | SY7 SYDNEY (METRO), AUSTRALIA
Initial Costs to Company
Encumbrances	0
Land	2,662,000
Buildings and Improvements	47,350,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	1,000
Buildings and Improvements	5,364,000
Total Costs
Land	2,663,000
Buildings and Improvements	52,714,000
Accumulated Depreciation	(13,174,000)
Asia-Pacific | TY1 TOKYO (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	31,286,000
Total Costs
Land	0
Buildings and Improvements	31,286,000
Accumulated Depreciation	(20,952,000)
Asia-Pacific | TY2 TOKYO (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	98,184,000
Total Costs
Land	0
Buildings and Improvements	98,184,000
Accumulated Depreciation	(56,440,000)
Asia-Pacific | TY3 TOKYO (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	62,391,000
Total Costs
Land	0
Buildings and Improvements	62,391,000
Accumulated Depreciation	(41,277,000)
Asia-Pacific | TY4 TOKYO (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	0
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	68,468,000
Total Costs
Land	0
Buildings and Improvements	68,468,000
Accumulated Depreciation	(38,121,000)
Asia-Pacific | TY5 TOKYO (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	102,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	55,792,000
Total Costs
Land	0
Buildings and Improvements	55,894,000
Accumulated Depreciation	(23,841,000)
Asia-Pacific | TY6 TOKYO (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	37,941,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	11,491,000
Total Costs
Land	0
Buildings and Improvements	49,432,000
Accumulated Depreciation	(40,194,000)
Asia-Pacific | TY7 TOKYO (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	13,175,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	9,083,000
Total Costs
Land	0
Buildings and Improvements	22,258,000
Accumulated Depreciation	(16,384,000)
Asia-Pacific | TY8 TOKYO (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	53,848,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	10,201,000
Total Costs
Land	0
Buildings and Improvements	64,049,000
Accumulated Depreciation	(32,423,000)
Asia-Pacific | TY9 TOKYO (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	106,710,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	2,494,000
Total Costs
Land	0
Buildings and Improvements	109,204,000
Accumulated Depreciation	(82,091,000)
Asia-Pacific | TY10 TOKYO (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	69,881,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	4,032,000
Total Costs
Land	0
Buildings and Improvements	73,913,000
Accumulated Depreciation	(31,882,000)
Asia-Pacific | TY11 TOKYO (METRO), JAPAN
Initial Costs to Company
Encumbrances	0
Land	0
Buildings and Improvements	22,099,000
Costs Capitalized Subsequent to Acquisition or Lease
Land	0
Buildings and Improvements	231,397,000
Total Costs
Land	0
Buildings and Improvements	253,496,000
Accumulated Depreciation	$ (38,156,000)

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation - Reconciliation of Carrying Amount of Real Estate Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance, beginning of period	$ 23,803,355	$ 21,906,055	$ 20,161,785
Additions (including acquisitions and improvements)	3,117,154	3,250,576	2,977,992
Disposals	(589,130)	(543,545)	(648,516)
Foreign currency transaction adjustments and others	282,470	(809,731)	(585,206)
Balance, end of year	$ 26,613,849	$ 23,803,355	$ 21,906,055

Schedule III - Real Estate an_4

Schedule III - Real Estate and Accumulated Depreciation - Reconciliation of Real Estate Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Balance, beginning of period	$ (8,094,898)	$ (7,274,860)	$ (6,399,477)
Additions (depreciation expense)	(1,317,353)	(1,268,177)	(1,224,874)
Disposals	413,154	230,268	149,231
Foreign currency transaction adjustments and others	(89,545)	217,871	200,260
Balance, end of year	$ (9,088,642)	$ (8,094,898)	$ (7,274,860)