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Segment Information - Schedule of Adjusted EBITDA (Details) - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Segment Reporting Information [Line Items] |  |  |  |
Revenues | $ 2,316,000,000 | $ 2,201,000,000 | $ 6,797,000,000 | $ 6,487,000,000
Segment cost of revenues | 752,000,000 | 732,000,000 | 2,186,000,000 | 2,162,000,000
Other segment items | 416,000,000 | 421,000,000 | 1,267,000,000 | 1,249,000,000
Segment adjusted EBITDA | 1,148,000,000 | 1,048,000,000 | 3,344,000,000 | 3,076,000,000
Depreciation, amortization and accretion expense | (533,000,000) | (494,000,000) | (1,515,000,000) | (1,509,000,000)
Stock-based compensation expense | (130,000,000) | (122,000,000) | (370,000,000) | (348,000,000)
Transaction costs | (3,000,000) | (7,000,000) | (12,000,000) | (12,000,000)
Restructuring charges | (5,000,000) | 0 | (17,000,000) | 0
Impairment charges | (4,000,000) | 0 | (5,000,000) | 0
Gain (loss) on asset sales | 1,000,000 | 0 | 1,000,000 | 18,000,000
Interest income | 53,000,000 | 35,000,000 | 152,000,000 | 88,000,000
Interest expense | (128,000,000) | (117,000,000) | (385,000,000) | (331,000,000)
Other income (expense) | 0 | 7,000,000 | 2,000,000 | (6,000,000)
Gain (loss) on debt extinguishment | 0 | 0 | 1,000,000 | (1,000,000)
Income before income taxes | 399,000,000 | 350,000,000 | 1,196,000,000 | 975,000,000
UNITED STATES |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 892,000,000 | 819,000,000 | 2,600,000,000 | 2,400,000,000
Colocation |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 1,637,000,000 | 1,520,000,000 | 4,767,000,000 | 4,510,000,000
Interconnection |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 422,000,000 | 384,000,000 | 1,222,000,000 | 1,126,000,000
Managed infrastructure |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 118,000,000 | 118,000,000 | 350,000,000 | 352,000,000
Other |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 38,000,000 | 37,000,000 | 106,000,000 | 105,000,000
Recurring revenues |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 2,215,000,000 | 2,059,000,000 | 6,445,000,000 | 6,093,000,000
Non-recurring revenues |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 101,000,000 | 142,000,000 | 352,000,000 | 394,000,000
Americas |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 1,035,000,000 | 958,000,000 | 3,040,000,000 | 2,863,000,000
Segment cost of revenues | 297,000,000 | 289,000,000 | 877,000,000 | 832,000,000
Other segment items | 249,000,000 | 242,000,000 | 765,000,000 | 744,000,000
Segment adjusted EBITDA | 489,000,000 | 427,000,000 | 1,398,000,000 | 1,287,000,000
Americas | Colocation |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 682,000,000 | 617,000,000 | 1,972,000,000 | 1,848,000,000
Americas | Interconnection |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 239,000,000 | 224,000,000 | 699,000,000 | 658,000,000
Americas | Managed infrastructure |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 61,000,000 | 66,000,000 | 186,000,000 | 198,000,000
Americas | Other |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 5,000,000 | 7,000,000 | 12,000,000 | 20,000,000
Americas | Recurring revenues |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 987,000,000 | 914,000,000 | 2,869,000,000 | 2,724,000,000
Americas | Non-recurring revenues |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 48,000,000 | 44,000,000 | 171,000,000 | 139,000,000
EMEA |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 784,000,000 | 743,000,000 | 2,294,000,000 | 2,191,000,000
Segment cost of revenues | 299,000,000 | 270,000,000 | 844,000,000 | 874,000,000
Other segment items | 101,000,000 | 101,000,000 | 302,000,000 | 293,000,000
Segment adjusted EBITDA | 384,000,000 | 372,000,000 | 1,148,000,000 | 1,024,000,000
EMEA | Colocation |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 588,000,000 | 566,000,000 | 1,727,000,000 | 1,658,000,000
EMEA | Interconnection |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 100,000,000 | 86,000,000 | 283,000,000 | 253,000,000
EMEA | Managed infrastructure |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 39,000,000 | 35,000,000 | 112,000,000 | 104,000,000
EMEA | Other |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 29,000,000 | 26,000,000 | 82,000,000 | 74,000,000
EMEA | Recurring revenues |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 756,000,000 | 713,000,000 | 2,204,000,000 | 2,089,000,000
EMEA | Non-recurring revenues |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 28,000,000 | 30,000,000 | 90,000,000 | 102,000,000
Asia-Pacific |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 497,000,000 | 500,000,000 | 1,463,000,000 | 1,433,000,000
Segment cost of revenues | 156,000,000 | 173,000,000 | 465,000,000 | 456,000,000
Other segment items | 66,000,000 | 78,000,000 | 200,000,000 | 212,000,000
Segment adjusted EBITDA | 275,000,000 | 249,000,000 | 798,000,000 | 765,000,000
Asia-Pacific | Colocation |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 367,000,000 | 337,000,000 | 1,068,000,000 | 1,004,000,000
Asia-Pacific | Interconnection |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 83,000,000 | 74,000,000 | 240,000,000 | 215,000,000
Asia-Pacific | Managed infrastructure |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 18,000,000 | 17,000,000 | 52,000,000 | 50,000,000
Asia-Pacific | Other |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 4,000,000 | 4,000,000 | 12,000,000 | 11,000,000
Asia-Pacific | Recurring revenues |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | 472,000,000 | 432,000,000 | 1,372,000,000 | 1,280,000,000
Asia-Pacific | Non-recurring revenues |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues | $ 25,000,000 | $ 68,000,000 | $ 91,000,000 | $ 153,000,000

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