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Equity Method Investments (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Equity Method Investments | The following table summarizes our equity method investments, which were included in other assets on the condensed consolidated balance sheets (in millions):
Investee |  | Ownership Percentage |  | June 30, 2024 |  | December 31, 2023
EMEA 1 Joint Venture |  | 20% |  | $ | 143 |  |  | $ | 150 |
VIE Joint Ventures (1) |  | 20% |  | 342 |  |  | 308 |
Other |  | Various |  | 12 |  |  | 10 |
Total |  |  |  | $ | 497 |  |  | $ | 468 |
(1)Includes investments in the following xScale joint ventures in each of our three regions: "Asia-Pacific 1 Joint Venture", "Asia-Pacific 2 Joint Venture", "Asia-Pacific 3 Joint Venture", "EMEA 2 Joint Venture", "AMER 1 Joint Venture" and "AMER 2 Joint Venture" (defined below). These investments share a similar purpose, design and nature of assets.
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 June 30, 2024 (in millions):
|  | VIE Joint Ventures
Equity Investment |  | $ | 342 |
Outstanding Accounts Receivable |  | 41 |
Other Receivables |  | 38 |
Contract Assets |  | 84 |
Loan Commitment (1) |  | 392 |
Future Equity Contribution Commitments (2) |  | 77 |
Maximum Future Payments under Debt Guarantees (3) |  | 257 |
Total |  | $ | 1,231 |
(1)Concurrent with the closing of the AMER 2 Joint Venture, we entered into a loan agreement with the AMER 2 Joint Venture, as a lender, further discussed below. (2)The joint ventures' partners are required to make additional equity contributions proportionately upon certain occurrences, such as a shortfall in capital necessary to complete construction or to make interest payments on their outstanding debt. (3)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 9).
Schedule of Other Related Party Transactions | The following table presents the income and expenses from these arrangements with the Joint Ventures in our condensed consolidated statements of operations (in millions):
|  |  |  | Three Months Ended June 30, |  | Six Months Ended June 30,
Related Party |  | Nature of Transaction |  | 2024 |  | 2023 |  | 2024 |  | 2023
EMEA 1 Joint Venture |  | Income |  | $ | 6 |  |  | $ | 7 |  |  | $ | 12 |  |  | $ | 14 |
EMEA 1 Joint Venture |  | Expenses (1) |  | 3 |  |  | 6 |  |  | 7 |  |  | 8 |
VIE Joint Ventures (2) |  | Income (3) |  | 61 |  |  | 17 |  |  | 99 |  |  | 39 |
(1)Balances primarily consist of rent expenses for a sub-lease agreement with the EMEA 1 Joint Venture for a London data center with a remaining lease term of 15-years as of June 30, 2024. (2)Expenses from transactions with VIE Joint Ventures were insignificant for the three and six months ended June 30, 2024 and 2023. (3)Balances primarily consist of revenues related to lease and services arrangements as described above and also include $5 million of interest income earned on the AMER 2 Loan during the three and six months ended June 30, 2024. We have also sold certain data center facilities to our Joint Ventures and recognized gains or losses on asset sales as described above. The following table presents the assets and liabilities from related party transactions with the Joint Ventures in our condensed consolidated balance sheets (in millions):
|  | EMEA 1 Joint Venture |  | VIE Joint Ventures
Balance Sheet |  | June 30, 2024 |  | December 31, 2023 |  | June 30, 2024 |  | December 31, 2023
Accounts receivable, net |  | $ | 15 |  |  | $ | 19 |  |  | $ | 41 |  |  | $ | 23 |
Other current assets (1) |  | 14 |  |  | 19 |  |  | 108 |  |  | 43 |
Property, plant and equipment, net (2) |  | 150 |  |  | 97 |  |  | 82 |  |  | 72 |
Operating lease right-of-use assets |  | 2 |  |  | 2 |  |  | 2 |  |  | 2 |
Other assets (3) |  | — |  |  | — |  |  | 207 |  |  | 21 |
Other current liabilities |  | 6 |  |  | 9 |  |  | 9 |  |  | 6 |
Finance lease liabilities |  | 166 |  |  | 111 |  |  | 86 |  |  | 75 |
Operating lease liabilities |  | 3 |  |  | 2 |  |  | 2 |  |  | 2 |
Other liabilities (4) |  | 49 |  |  | 50 |  |  | — |  |  | — |
(1)The balances primarily relate to contract assets and other receivables. (2)The balances relate to finance lease right-of-use assets. (3)As of June 30, 2024, the balance primarily relates to the AMER 2 Loan receivable. As of December 31, 2023, the balance primarily relates to contract assets and other receivables. (4)The balance primarily relates to the obligation to pay for future construction for certain sites sold as a part of the EMEA 1 Joint Venture transaction.

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