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Restructuring and Other Exit Activities

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Other Exit Activities

Restructuring and Other Exit Activities

Q4 2024 Restructuring Plan

In the fourth quarter of 2024, we initiated a restructuring plan to realign the organization and enable further investment in key priority areas (the "Q4 2024 Restructuring Plan"), resulting in costs of $33 million being incurred up to March 31, 2025. The activities under the Q4 2024 Restructuring Plan have been completed with no further costs expected to be incurred under this plan subsequent to March 31, 2025.

Equinix Metal Wind Down

In the fourth quarter of 2024, we announced the decision to make Equinix Metal no longer commercially available as a product and to wind down operations that support this product by June 2026 (the "Equinix Metal Wind Down"). We have incurred restructuring charges of $10 million to date and we expect to incur up to approximately $4 million of incremental costs. We expect substantially all costs under this plan to be incurred and paid by the end of the fourth quarter of 2026. The actual amounts and timing of incremental costs and cash payments may differ from these estimates should we make further decisions which impact the execution of these activities.

The following tables summarize costs incurred under the Q4 2024 Restructuring Plan and the Equinix Metal Wind Down, which were included in restructuring charges in our condensed consolidated statements of operations (in millions):

						Three Months Ended June 30, 2025
Nature of expense						Q4 2024 Restructuring Plan						Equinix Metal Wind Down						Total (1)
Other exit costs						$	—					$	2					$	2
Total						$	—					$	2					$	2
						Six Months Ended June 30, 2025
Nature of expense						Q4 2024 Restructuring Plan						Equinix Metal Wind Down						Total (2)
Severance and other employee costs						$	3					$	2					$	5
Other exit costs						3						4						7
Total						$	6					$	6					$	12
						Total Costs Incurred to Date
Nature of expense						Q4 2024 Restructuring Plan						Equinix Metal Wind Down						Total
Severance and other employee costs						$	22					$	6					$	28
Stock-based compensation expense						3						—						3
Other exit costs						8						4						12
Total						$	33					$	10					$	43

(1)Restructuring charges were incurred in the Americas region during the three months ended June 30, 2025.

(2)Restructuring charges were incurred in each of our three regions during the six months ended June 30, 2025 with $10 million in the Americas, $1 million in EMEA and $1 million in Asia-Pacific.

The following table summarizes the activity in our restructuring accrual, included in other current liabilities in our condensed consolidated balance sheets (in millions):

			Q4 2024 Restructuring Plan						Equinix Metal Wind Down						Total
Balance as of December 31, 2024			$	13					$	2					$	15
Charges			6						6						12
Cash payments			(18)						(6)						(24)
Balance as of June 30, 2025			$	1					$	2					$	3

We had no restructuring activity during the three and six months ended June 30, 2024.

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- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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