XML 53 R44.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Notes Payable (Narrative) (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 30, 2022 USD ($) tranche | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) tranche | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) tranche | Aug. 15, 2022 USD ($) | Sep. 09, 2021 EUR (€) | Jan. 24, 2020 EUR (€) | Apr. 12, 2016 EUR (€) | Nov. 03, 2015 EUR (€)
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Total debt | $ 6,781,963,000 |  | $ 6,781,963,000 |  | $ 6,781,963,000 |  |  |  |  |
Foreign currency exchange gain | $ 100,170,000 | $ 40,906,000 | 237,270,000 | $ 73,584,000 |  |  |  |  |  |
Cash paid for interest expense |  |  | 87,600,000 | 49,800,000 |  |  |  |  |  |
Interest capitalized as real estate |  |  | $ 4,200,000 | 2,600,000 |  |  |  |  |  |
Mortgage Debt | Minimum |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate | 3.20% |  | 3.20% |  | 3.20% |  |  |  |  |
Mortgage Debt | Maximum |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate | 7.10% |  | 7.10% |  | 7.10% |  |  |  |  |
U.S. Dollar Denominated Unsecured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Total debt | $ 5,250,000,000 |  | $ 5,250,000,000 |  | $ 5,250,000,000 |  |  |  |  |
Debt to Total Assets ratio | 14.00% |  | 14.00% |  | 14.00% |  |  |  |  |
Adjusted EBTIDA to interest Expense ratio |  |  |  |  | 25 |  |  |  |  |
U.S. Dollar Denominated Unsecured Debt | Minimum |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Adjusted EBTIDA to interest Expense ratio |  |  |  |  | 1.5 |  |  |  |  |
U.S. Dollar Denominated Unsecured Debt | Notes due September 15, 2022 |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate |  |  |  |  |  | 2.37% |  |  |  |
Total debt |  |  |  |  |  | $ 500,000,000 |  |  |  |
U.S. Dollar Denominated Unsecured Debt | Maximum Covenant |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt to Total Assets ratio | 65.00% |  | 65.00% |  | 65.00% |  |  |  |  |
Euro Denominated Unsecured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Total debt | $ 1,510,930,000 |  | $ 1,510,930,000 |  | $ 1,510,930,000 |  |  |  |  |
Number of tranches | tranche | 4 |  | 4 |  | 4 |  |  |  |  |
Foreign currency exchange gain | $ 100,900,000 | $ 40,900,000 | $ 239,200,000 | $ 73,600,000 |  |  |  |  |  |
Euro Denominated Unsecured Debt | Notes due November 3, 2025 |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate | 2.175% |  | 2.175% |  | 2.175% |  |  |  |  |
Total debt | $ 237,135,000 |  | $ 237,135,000 |  | $ 237,135,000 |  |  |  |  |
Debt issuance amount | € |  |  |  |  |  |  |  |  |  | € 242,000,000
Euro Denominated Unsecured Debt | Notes due April 12, 2024 |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate | 1.54% |  | 1.54% |  | 1.54% |  |  |  |  |
Total debt | $ 97,984,000 |  | $ 97,984,000 |  | $ 97,984,000 |  |  |  |  |
Debt issuance amount | € |  |  |  |  |  |  |  |  | € 100,000,000 |
Euro Denominated Unsecured Debt | Notes due January 24, 2032 |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate | 0.875% |  | 0.875% |  | 0.875% |  |  |  |  |
Total debt | $ 489,921,000 |  | $ 489,921,000 |  | $ 489,921,000 |  |  |  |  |
Debt issuance amount | € |  |  |  |  |  |  |  | € 500,000,000 |  |
Euro Denominated Unsecured Debt | Notes due September 9, 2030 |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate | 0.50% |  | 0.50% |  | 0.50% |  |  |  |  |
Total debt | $ 685,890,000 |  | $ 685,890,000 |  | $ 685,890,000 |  |  |  |  |
Debt issuance amount | € |  |  |  |  |  |  | € 700,000,000 |  |  |

X
- Definition Debt to Total Assets Ratio + References No definition available. + Details
Name: | psa_DebtToTotalAssetsRatio
Namespace Prefix: | psa_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Earnings Before Interest Taxes Depreciation And Amortization To Interest Expense Ratio + References No definition available. + Details
Name: | psa_EarningsBeforeInterestTaxesDepreciationAndAmortizationToInterestExpenseRatio
Namespace Prefix: | psa_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of Tranches + References No definition available. + Details
Name: | psa_NumberOfTranches
Namespace Prefix: | psa_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125521441&loc=d3e30690-110894 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 35 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123602790&loc=d3e30226-110892 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 10 -Section 45 -Paragraph 17 -URI https://asc.fasb.org/extlink&oid=126980362&loc=d3e28228-110885 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124440516&loc=d3e30840-110895 + Details
Name: | us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of cash paid for interest, including, but not limited to, capitalized interest and payment to settle zero-coupon bond attributable to accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount; classified as operating and investing activities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4297-108586 + Details
Name: | us-gaap_InterestPaid
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of cash paid for interest capitalized, classified as investing activity. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3213-108585 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4297-108586 + Details
Name: | us-gaap_InterestPaidCapitalized
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_MortgagesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=psa_USDollarDenominatedUnsecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=psa_NotesDueSeptember152022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=psa_MaximumCovenantMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=psa_EuroDenominatedUnsecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=psa_NotesDueNovember32025Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=psa_NotesDueApril122024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=psa_NotesDueJanuary242032Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=psa_NotesDueSeptember92030Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |