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Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2024
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | The following table presents the income and expenses from these arrangements with the Joint Ventures in our consolidated statements of operations (in millions):
|  |  |  | Years Ended December 31,
Related Party |  | Nature of Transaction |  | 2024 |  | 2023 |  | 2022
EMEA 1 Joint Venture |  | Income |  | $ | 27 |  |  | $ | 29 |  |  | $ | 39 |
EMEA 1 Joint Venture |  | Expenses (1) |  | 16 |  |  | 18 |  |  | 8 |
VIE Joint Ventures (2) |  | Income (3) |  | 257 |  |  | 107 |  |  | 40 |
(1)Primarily consists 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 approximately 15-years as of December 31, 2024. (2)Expenses from transactions with VIE Joint Ventures were insignificant for the years ended December 31, 2024, 2023 and 2022. (3)Primarily consists of revenues related to lease and services arrangements as described above and also includes interest income earned on the AMER 2 Loan for the year ended December 31, 2024 of $17 million. We have also sold certain data center facilities to our Joint Ventures and recognized gains or losses on asset sales as described in Note 5. The following table presents the assets and liabilities from related party transactions with the Joint Ventures in our consolidated balance sheets (in millions):
|  |  |  |  |  | EMEA 1 Joint Venture | VIE Joint Ventures
|  |  |  |  |  | As of December 31, | As of December 31,
Balance Sheet |  | 2024 |  | 2023 | 2024 |  | 2023
Accounts receivable, net |  | $ | 4 |  |  | $ | 19 |  | $ | 50 |  |  | $ | 23 |
Other current assets (1) |  | 19 |  |  | 19 |  | 128 |  |  | 43 |
Property, plant and equipment, net (2) |  | 145 |  |  | 97 |  | 74 |  |  | 72 |
Operating lease right-of-use assets |  | 2 |  |  | 2 |  | 2 |  |  | 2 |
Other assets (3) |  | — |  |  | — |  | 302 |  |  | 21 |
Other current liabilities |  | 5 |  |  | 9 |  | 10 |  |  | 6 |
Finance lease liabilities |  | 164 |  |  | 111 |  | 78 |  |  | 75 |
Operating lease liabilities |  | 2 |  |  | 2 |  | 2 |  |  | 2 |
Other liabilities (4) |  | 48 |  |  | 50 |  | 11 |  |  | — |
(1)The balance primarily relates to contract assets and other receivables. (2)The balance relates to finance lease right-of-use assets. (3)As of December 31, 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. Our other related party transaction activity was as follows (in millions):
| Years ended December 31,
| 2024 |  | 2023 |  | 2022
Revenues | $ | 218 |  |  | $ | 310 |  |  | $ | 236 |
Costs and services | 18 |  |  | 38 |  |  | 59 |
| As of December 31,
| 2024 |  | 2023
Accounts receivable, net | $ | 15 |  |  | $ | 33 |
Accounts payable | 4 |  |  | — |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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