XML 82 R41.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Balance Sheet Components (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Cash and Cash Equivalents | Cash and cash equivalents and short-term investments consisted of the following as of December 31 (in millions):
| 2024 |  | 2023
Cash | $ | 565 |  |  | $ | 492 |
Cash equivalents: |  |  |
Money market funds | 2,401 |  |  | 1,364 |
Time deposits | 115 |  |  | 240 |
Total cash and cash equivalents | 3,081 |  |  | 2,096 |
Short-term investments: |  |  |
Time deposits | 527 |  |  | — |
Total short-term investments | 527 |  |  | — |
Total cash, cash equivalents and short-term investments | $ | 3,608 |  |  | $ | 2,096 |
Schedule of Accounts Receivable, Net | Accounts receivable, net, consisted of the following as of December 31 (in millions):
| 2024 |  | 2023
Accounts receivable | $ | 968 |  |  | $ | 1,021 |
Allowance for credit losses | (19) |  |  | (17) |
Accounts receivable, net | $ | 949 |  |  | $ | 1,004 |
Schedule of Allowance for Credit Loss | The following table summarizes the activity of our allowance for credit losses (in millions):
Balance as of December 31, 2021 | $ | 12 |
Provision for credit losses | 7 |
Net write-offs | (7) |
Balance as of December 31, 2022 | 12 |
Provision for credit losses | 15 |
Net write-offs | (9) |
Impact of foreign currency exchange | (1) |
Balance as of December 31, 2023 | 17 |
Provision for credit losses | 21 |
Net write-offs | (20) |
Impact of foreign currency exchange | 1 |
Balance as of December 31, 2024 | $ | 19 |
Schedule of Other Current Assets | Other current assets consisted of the following as of December 31 (in millions):
| 2024 |  | 2023
Derivative assets, current | $ | 296 |  |  | $ | 44 |
Taxes receivable | 223 |  |  | 167 |
Other receivables (1) | 106 |  |  | 80 |
Contract assets, current | 102 |  |  | 52 |
Prepaid expenses, current | 91 |  |  | 100 |
Other (2) | 72 |  |  | 25 |
Total other current assets | $ | 890 |  |  | $ | 468 |
(1)Includes receivables due from our joint ventures. See Note 15. (2)Includes an insignificant amount of restricted cash, current.
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 | 3 | - | 10 years
Capitalized internal-use software | 3 | - | 5 years
Property, plant and equipment, net consisted of the following as of December 31 (in millions):
| 2024 |  | 2023
Core systems | $ | 12,890 |  |  | $ | 12,604 |
Buildings | 9,475 |  |  | 8,972 |
Construction in progress | 2,204 |  |  | 1,918 |
Internal-use software | 2,149 |  |  | 1,936 |
Leasehold improvements | 1,980 |  |  | 2,045 |
Land | 1,652 |  |  | 1,407 |
Personal property | 373 |  |  | 320 |
| 30,723 |  |  | 29,202 |
Less accumulated depreciation | (11,474) |  |  | (10,601) |
Property, plant and equipment, net | $ | 19,249 |  |  | $ | 18,601 |
Schedule of Goodwill and Other Intangible Assets | The following table presents goodwill and other intangible assets, net, for the years ended December 31, 2024 and 2023 (in millions):
| 2024 |  | 2023
Goodwill: |  |  |
Americas | $ | 2,559 |  |  | $ | 2,631 |
EMEA | 2,349 |  |  | 2,467 |
Asia-Pacific | 596 |  |  | 639 |
| $ | 5,504 |  |  | $ | 5,737 |
Intangible assets, net: |  |  |
Intangible assets - customer relationships | $ | 2,745 |  |  | $ | 2,892 |
Intangible assets - trade names | 16 |  |  | 13 |
Intangible assets - in-place leases | 27 |  |  | 30 |
Intangible assets - licenses | 10 |  |  | 10 |
Intangible assets - at-the-money lease contracts | 55 |  |  | 59 |
Intangible assets - other | 8 |  |  | 8 |
| 2,861 |  |  | 3,012 |
Less accumulated depreciation | (1,444) |  |  | (1,307) |
Total intangible assets, net | $ | 1,417 |  |  | $ | 1,705 |
Schedule of Carrying Amount of Goodwill by Geographic Regions | Changes in the carrying amount of goodwill by geographic regions are as follows (in millions):
| Americas |  | EMEA |  | Asia-Pacific |  | Total
Balance as of December 31, 2021 | $ | 2,210 |  |  | $ | 2,473 |  |  | $ | 689 |  |  | $ | 5,372 |
Purchase of MainOne | — |  |  | 111 |  |  | — |  |  | 111 |
Purchase of Entel Chile | 381 |  |  | — |  |  | — |  |  | 381 |
Purchase of Entel Peru | 46 |  |  | — |  |  | — |  |  | 46 |
Impact of foreign currency exchange | (6) |  |  | (206) |  |  | (44) |  |  | (256) |
Balance as of December 31, 2022 | 2,631 |  |  | 2,378 |  |  | 645 |  |  | 5,654 |
Impact of foreign currency exchange | — |  |  | 89 |  |  | (6) |  |  | 83 |
Balance as of December 31, 2023 | 2,631 |  |  | 2,467 |  |  | 639 |  |  | 5,737 |
Impact of foreign currency exchange | (72) |  |  | (118) |  |  | (43) |  |  | (233) |
Balance as of December 31, 2024 | $ | 2,559 |  |  | $ | 2,349 |  |  | $ | 596 |  |  | $ | 5,504 |
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 millions):
| Americas |  | EMEA |  | Asia-Pacific |  | Total
Balance as of December 31, 2021 | $ | 1,328 |  |  | $ | 432 |  |  | $ | 176 |  |  | $ | 1,936 |
Entel Chile acquisition | 153 |  |  | — |  |  | — |  |  | 153 |
Entel Peru acquisition | 10 |  |  | — |  |  | — |  |  | 10 |
MainOne acquisition | — |  |  | 55 |  |  | — |  |  | 55 |
Amortization of intangibles | (138) |  |  | (52) |  |  | (15) |  |  | (205) |
Impact of foreign currency exchange | (4) |  |  | (33) |  |  | (14) |  |  | (51) |
Balance as of December 31, 2022 | 1,349 |  |  | 402 |  |  | 147 |  |  | 1,898 |
Other asset acquisitions | 7 |  |  | — |  |  | 1 |  |  | 8 |
Amortization of intangibles | (140) |  |  | (54) |  |  | (14) |  |  | (208) |
Impact of foreign currency exchange | — |  |  | 10 |  |  | (3) |  |  | 7 |
Balance as of December 31, 2023 | 1,216 |  |  | 358 |  |  | 131 |  |  | 1,705 |
Impairment charges (1) | (29) |  |  | — |  |  | — |  |  | (29) |
Amortization of intangibles | (140) |  |  | (54) |  |  | (14) |  |  | (208) |
Impact of foreign currency exchange | (25) |  |  | (16) |  |  | (10) |  |  | (51) |
Balance as of December 31, 2024 | $ | 1,022 |  |  | $ | 288 |  |  | $ | 107 |  |  | $ | 1,417 |
(1)Refer to Note 17.
Schedule of Estimated Future Amortization Expense Related to Intangibles | Estimated future amortization expense related to these intangibles is as follows (in millions):
Years ending: |
2025 | $ | 194 |
2026 | 193 |
2027 | 192 |
2028 | 190 |
2029 | 170 |
Thereafter | 478 |
Total | $ | 1,417 |
Schedule of Other Assets | Other assets consisted of the following as of December 31 (in millions):
| 2024 |  | 2023
Equity method investments | $ | 519 |  |  | $ | 468 |
Contract costs | 436 |  |  | 423 |
Derivative assets, non-current | 295 |  |  | 213 |
Loan receivable | 258 |  |  | — |
Prepaid expenses, non-current | 171 |  |  | 134 |
Deferred CCA implementation costs | 115 |  |  | 105 |
Contract assets, non-current | 113 |  |  | 86 |
Deposits | 60 |  |  | 60 |
Deferred tax assets, net | 48 |  |  | 62 |
Debt issuance costs, net | 3 |  |  | 5 |
Other (1) | 31 |  |  | 35 |
Total other assets | $ | 2,049 |  |  | $ | 1,591 |
(1)Includes an insignificant amount of restricted cash, non-current.
Schedule of Accounts Payable and Accrued Expenses | Accounts payable and accrued expenses consisted of the following as of December 31 (in millions):
| 2024 |  | 2023
Accrued compensation and benefits | $ | 421 |  |  | $ | 438 |
Accrued taxes (1) | 196 |  |  | 161 |
Accrued utilities and security | 164 |  |  | 178 |
Accounts payable | 133 |  |  | 162 |
Accrued interest | 96 |  |  | 90 |
Other | 183 |  |  | 158 |
Total accounts payable and accrued expenses | $ | 1,193 |  |  | $ | 1,187 |
(1)Accrued taxes included income taxes payable of $109 million and $81 million as of December 31, 2024 and 2023, respectively.
Schedule of Other Current Liabilities | Other current liabilities consisted of the following as of December 31 (in millions):
| 2024 |  | 2023
Deferred revenue, current | $ | 123 |  |  | $ | 125 |
Derivative liabilities, current | 27 |  |  | 94 |
Customer deposits | 16 |  |  | 16 |
Dividends payable, current | 16 |  |  | 13 |
Asset retirement obligations, current | 1 |  |  | 5 |
Other | 49 |  |  | 49 |
Total other current liabilities | $ | 232 |  |  | $ | 302 |
Schedule of Other Liabilities | Other liabilities consisted of the following as of December 31 (in millions):
| 2024 |  | 2023
Deferred tax liabilities, net | $ | 339 |  |  | $ | 394 |
Deferred revenue, non-current | 150 |  |  | 154 |
Asset retirement obligations, non-current | 108 |  |  | 108 |
Derivative liabilities, non-current | 46 |  |  | 8 |
Accrued taxes | 42 |  |  | 56 |
Dividends payable, non-current | 13 |  |  | 12 |
Other non-current liabilities | 62 |  |  | 64 |
Total other liabilities | $ | 760 |  |  | $ | 796 |
Schedule of Asset Retirement Obligation Liability | The following table summarizes the activities of our asset retirement obligations ("ARO") (in millions):
Asset retirement obligations as of December 31, 2021 | $ | 118 |
Additions | 3 |
Adjustments (1) | (4) |
Accretion expense | 5 |
Impact of foreign currency exchange | (4) |
Asset retirement obligations as of December 31, 2022 | 118 |
Additions | 1 |
Adjustments (1) | (13) |
Accretion expense | 7 |
Asset retirement obligations as of December 31, 2023 | 113 |
Additions | 6 |
Adjustments (1) | (12) |
Accretion expense | 6 |
Impact of foreign currency exchange | (4) |
Asset retirement obligations as of December 31, 2024 | $ | 109 |
(1)The ARO adjustments are primarily due to lease amendments and acquisition of real estate assets.

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of other current liabilities. + References No definition available. + Details
Name: | us-gaap_OtherCurrentLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of other noncurrent liabilities. + References No definition available. + Details
Name: | us-gaap_OtherNoncurrentLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashCashEquivalentsAndShortTermInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in carrying amount of a liability for asset retirement obligations, for changes such as new obligations, changes in estimates of existing obligations, spending on existing obligations, property dispositions, and foreign currency translation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481850/410-20-50-1 + Details
Name: | us-gaap_ScheduleOfChangeInAssetRetirementObligationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of noncurrent assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfOtherAssetsNoncurrentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other current assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration