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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Gain on Sale of Subsidiary
Proceeds received at closing$137.7 
Net assets at closing(84.1)
Total gain on sale included in Other operating expenses (1)$53.6 
_______________
(1)Excludes an estimated 377.9 million ZAR (approximately $20.8 million at the date of closing) of taxes, of which 131.5 million ZAR (approximately $7.6 million) remains payable as of September 30, 2025.
Proceeds received at closing$2,158.8 
Net assets at closing(2,257.6)
Loss on sale$(98.8)
Deal costs(20.5)
Contingent liability for tax indemnification(53.9)
Reclassification of cumulative translation adjustment(1,072.3)
Total loss on sale included in loss from discontinued operations, net of taxes$(1,245.5)
The following table presents key components of Loss from discontinued operations, net of taxes in the consolidated statements of operations:
 Three Months Ended September 30,Nine Months Ended September 30,
 20252024 (1)20252024 (1)
Revenue$— $234.1 $— $911.2 
Cost of operations— (131.8)— (473.8)
Depreciation, amortization and accretion— (14.3)— (96.0)
Selling, general, administrative and development expense— (30.0)— (58.7)
Other operating expense— (5.7)— (6.7)
Loss on sale of ATC TIPL (2)— (1,245.5)— (1,245.5)
Operating loss— (1,193.2)— (969.5)
Interest income— 4.4 — 30.7 
Interest expense— (2.0)— (7.6)
Other income, net— 0.2 — 46.5 
Loss from discontinued operations before taxes$— $(1,190.6)$— $(899.9)
Income tax provision— (17.9)— (78.4)
Loss from discontinued operations, net of taxes$— $(1,208.5)$— $(978.3)
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(1)Includes the results of operations for ATC TIPL through September 12, 2024.
(2)Primarily includes the reclassification of the Company’s cumulative translation adjustment in India upon exiting the market of $1.1 billion.
The following table presents key cash flow and non-cash information related to discontinued operations.
 Nine Months Ended September 30,
 20252024 (1)
Proceeds from the sale of ATC TIPL$— $2,158.8 
Capital expenditures— (52.3)
Significant non-cash items:
Depreciation, amortization and accretion— 96.0 
Stock-based compensation expense— 10.9 
Impairments, net loss on sale of long-lived assets, non-cash restructuring and merger related expenses— (2.3)
(Gain) loss on investments, unrealized foreign currency loss (gain) and other non-cash expense— (30.7)
Loss on sale of ATC TIPL (2)— 1,245.5 
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(1)Includes the cash flows for ATC TIPL through September 12, 2024.
(2)Primarily includes the reclassification of the Company’s cumulative translation adjustment in India upon exiting the market of $1.1 billion.
Schedule of Cash and Cash Equivalents The reconciliation of cash and cash equivalents and restricted cash reported within the applicable balance sheet that sum to the total of the same such amounts shown in the statements of cash flows is as follows:
Nine Months Ended September 30,
20252024
Cash and cash equivalents$1,950.7 $2,150.3 
Restricted cash150.1 131.9 
Total cash, cash equivalents and restricted cash$2,100.8 $2,282.2 
Schedule of Restricted Cash The reconciliation of cash and cash equivalents and restricted cash reported within the applicable balance sheet that sum to the total of the same such amounts shown in the statements of cash flows is as follows:
Nine Months Ended September 30,
20252024
Cash and cash equivalents$1,950.7 $2,150.3 
Restricted cash150.1 131.9 
Total cash, cash equivalents and restricted cash$2,100.8 $2,282.2 
Schedule of Revenue Disaggregated by Source and Geography
A summary of revenue disaggregated by source and geography is as follows:
Three Months Ended September 30, 2025U.S. & CanadaAfrica & APACEuropeLatin AmericaData CentersTotal
Non-lease property revenue$73.1 $3.9 $0.9 $28.7 $38.7 $145.3 
Services revenue101.1 — — — — 101.1 
Total non-lease revenue$174.2 $3.9 $0.9 $28.7 $38.7 $246.4 
Property lease revenue1,245.7 366.9 242.7 387.8 227.9 2,471.0 
Total revenue$1,419.9 $370.8 $243.6 $416.5 $266.6 $2,717.4 
Three Months Ended September 30, 2024U.S. & CanadaAfrica & APAC (1)EuropeLatin AmericaData CentersTotal
Non-lease property revenue$67.6 $6.4 $4.4 $25.6 $34.0 $138.0 
Services revenue52.4 — — — — 52.4 
Total non-lease revenue$120.0 $6.4 $4.4 $25.6 $34.0 $190.4 
Property lease revenue1,250.4 296.2 208.4 377.2 199.7 2,331.9 
Total revenue$1,370.4 $302.6 $212.8 $402.8 $233.7 $2,522.3 
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(1)Excludes the operating results of ATC TIPL (as defined in note 16), which are reported as discontinued operations. See note 16 for further discussion.
Nine Months Ended September 30, 2025U.S. & CanadaAfrica & APACEuropeLatin AmericaData CentersTotal
Non-lease property revenue$220.3 $19.3 $7.1 $82.8 $111.4 $440.9 
Services revenue275.2 — — — — 275.2 
Total non-lease revenue$495.5 $19.3 $7.1 $82.8 $111.4 $716.1 
Property lease revenue3,703.9 1,021.4 682.2 1,122.3 661.2 7,191.0 
Total revenue$4,199.4 $1,040.7 $689.3 $1,205.1 $772.6 $7,907.1 
Nine Months Ended September 30, 2024U.S. & CanadaAfrica & APAC (1)EuropeLatin AmericaData CentersTotal
Non-lease property revenue$217.7 $18.7 $13.1 $81.9 $98.4 $429.8 
Services revenue130.0 — — — — 130.0 
Total non-lease revenue$347.7 $18.7 $13.1 $81.9 $98.4 $559.8 
Property lease revenue3,726.4 880.2 607.4 1,215.1 590.7 7,019.8 
Total revenue$4,074.1 $898.9 $620.5 $1,297.0 $689.1 $7,579.6 
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(1)Excludes the operating results of ATC TIPL, which are reported as discontinued operations. See note 16 for further discussion.