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Debt (Tables) | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Schedule of Carrying Amount and Fair Value of Long-Term Debt Instruments | Long-term debt is as follows:
|  | September 30, 2019 |  |  | December 31, 2018
|  | Debt (inclusive of discount) |  | Unamortized Deferred Financing Costs |  | Carrying Amount |  | Fair Value |  |  | Debt (inclusive of discount) |  | Unamortized Deferred Financing Costs |  | Carrying Amount |  | Fair Value
Revolving Credit Facility(1) |  | $ | 354,879 |  |  | $ | (11,763 | ) |  | $ | 343,116 |  |  | $ | 354,879 |  |  |  | $ | 793,832 |  |  | $ | (14,117 | ) |  | $ | 779,715 |  |  | $ | 793,832 |
Term Loan A(1) |  | 231,250 |  |  | — |  |  | 231,250 |  |  | 231,250 |  |  |  | 240,625 |  |  | — |  |  | 240,625 |  |  | 240,625 |
Term Loan B(2) |  | 688,089 |  |  | (7,806 | ) |  | 680,283 |  |  | 688,638 |  |  |  | 693,169 |  |  | (8,742 | ) |  | 684,427 |  |  | 660,013 |
Australian Dollar Term Loan (the "AUD Term Loan")(3) |  | 219,871 |  |  | (2,389 | ) |  | 217,482 |  |  | 221,165 |  |  |  | 233,955 |  |  | (3,084 | ) |  | 230,871 |  |  | 235,645 |
UK Bilateral Revolving Credit Facility (the "UK Bilateral Facility")(4) |  | 172,180 |  |  | (1,845 | ) |  | 170,335 |  |  | 172,180 |  |  |  | 178,299 |  |  | (2,357 | ) |  | 175,942 |  |  | 178,299 |
43/8% Senior Notes due 2021 (the "43/8% Notes")(5) |  | 500,000 |  |  | (2,866 | ) |  | 497,134 |  |  | 503,750 |  |  |  | 500,000 |  |  | (4,155 | ) |  | 495,845 |  |  | 488,750 |
6% Senior Notes due 2023 (the "6% Notes due 2023")(5) |  | 600,000 |  |  | (4,302 | ) |  | 595,698 |  |  | 615,000 |  |  |  | 600,000 |  |  | (5,126 | ) |  | 594,874 |  |  | 606,000 |
53/8% CAD Senior Notes due 2023 (the "CAD Notes") |  | 188,811 |  |  | (2,173 | ) |  | 186,638 |  |  | 194,475 |  |  |  | 183,403 |  |  | (2,506 | ) |  | 180,897 |  |  | 186,154 |
53/4% Senior Subordinated Notes due 2024 (the "53/4% Notes")(5) |  | 1,000,000 |  |  | (6,752 | ) |  | 993,248 |  |  | 1,010,000 |  |  |  | 1,000,000 |  |  | (7,782 | ) |  | 992,218 |  |  | 940,000 |
3% Euro Senior Notes due 2025 (the "Euro Notes")(5) |  | 327,508 |  |  | (3,622 | ) |  | 323,886 |  |  | 334,877 |  |  |  | 343,347 |  |  | (4,098 | ) |  | 339,249 |  |  | 321,029 |
37/8% GBP Senior Notes due 2025 (the "GBP Notes") |  | 491,943 |  |  | (5,651 | ) |  | 486,292 |  |  | 493,173 |  |  |  | 509,425 |  |  | (6,573 | ) |  | 502,852 |  |  | 453,811 |
53/8% Senior Notes due 2026 (the "53/8% Notes") |  | 250,000 |  |  | (2,863 | ) |  | 247,137 |  |  | 257,500 |  |  |  | 250,000 |  |  | (3,185 | ) |  | 246,815 |  |  | 224,375 |
47/8% Senior Notes due 2027 (the "47/8% Notes due 2027")(5) |  | 1,000,000 |  |  | (11,375 | ) |  | 988,625 |  |  | 1,022,500 |  |  |  | 1,000,000 |  |  | (12,442 | ) |  | 987,558 |  |  | 855,000 |
51/4% Senior Notes due 2028 (the "51/4% Notes")(5) |  | 825,000 |  |  | (10,037 | ) |  | 814,963 |  |  | 852,844 |  |  |  | 825,000 |  |  | (10,923 | ) |  | 814,077 |  |  | 713,625 |
47/8% Senior Notes due 2029 (the "47/8% Notes due 2029")(5) |  | 1,000,000 |  |  | (14,451 | ) |  | 985,549 |  |  | 1,015,000 |  |  |  | — |  |  | — |  |  | — |  |  | — |
Real Estate Mortgages, Financing Lease Liabilities and Other |  | 533,549 |  |  | (444 | ) |  | 533,105 |  |  | 533,549 |  |  |  | 606,702 |  |  | (171 | ) |  | 606,531 |  |  | 606,702 |
Accounts Receivable Securitization Program(6) |  | 271,562 |  |  | (115 | ) |  | 271,447 |  |  | 271,562 |  |  |  | 221,673 |  |  | (218 | ) |  | 221,455 |  |  | 221,673 |
Mortgage Securitization Program(7) |  | 50,000 |  |  | (1,019 | ) |  | 48,981 |  |  | 50,000 |  |  |  | 50,000 |  |  | (1,128 | ) |  | 48,872 |  |  | 50,000 |
Total Long-term Debt |  | 8,704,642 |  |  | (89,473 | ) |  | 8,615,169 |  |  |  |  |  |  | 8,229,430 |  |  | (86,607 | ) |  | 8,142,823 |  |  |
Less Current Portion |  | (394,822 | ) |  | — |  |  | (394,822 | ) |  |  |  |  |  | (126,406 | ) |  | — |  |  | (126,406 | ) |  |  |
Long-term Debt, Net of Current Portion |  | $ | 8,309,820 |  |  | $ | (89,473 | ) |  | $ | 8,220,347 |  |  |  |  |  |  | $ | 8,103,024 |  |  | $ | (86,607 | ) |  | $ | 8,016,417 |  |  |  |
______________________________________________________________
(1) | Collectively, the credit agreement ("Credit Agreement"). The Credit Agreement consists of a revolving credit facility (the "Revolving Credit Facility") and a term loan (the "Term Loan A"). The Credit Agreement is scheduled to mature on June 3, 2023. Of the $354,879 of outstanding borrowings under the Revolving Credit Facility as of September 30, 2019, 221,900 was denominated in United States dollars, 72,000 was denominated in Canadian dollars and 72,000 was denominated in Euros. In addition, we also had various outstanding letters of credit totaling $16,843. The remaining amount available for borrowing under the Revolving Credit Facility as of September 30, 2019 was $1,378,278 (which amount represents the maximum availability as of such date). The average interest rate in effect under the Credit Agreement was 3.5% as of September 30, 2019. The average interest rate in effect under the Revolving Credit Facility as of September 30, 2019 was 3.3% and the interest rate in effect under Term Loan A as of September 30, 2019 was 3.8%.
(2) | In connection with the 2018 First Amendment (as defined in Note 5 to Notes to Consolidated Financial Statements included in our Annual Report), Iron Mountain Information Management, LLC ("IMIM") entered into an incremental term loan activation notice (the "Activation Notice") with certain lenders pursuant to which the lenders party to the Activation Notice agreed to provide commitments to fund an incremental term loan B in the amount of $700,000 (the "Term Loan B"). On March 26, 2018, IMIM borrowed the full amount of the Term Loan B. The Term Loan B is scheduled to mature on January 2, 2026. The interest rate in effect as of September 30, 2019 was 3.8%. The amount of debt for the Term Loan B reflects an unamortized original issue discount of $1,411 and $1,581 as of September 30, 2019 and December 31, 2018, respectively.
(3) | The interest rate in effect as of September 30, 2019 was 4.9%. We had 327,500 Australian dollars outstanding on the AUD Term Loan as of September 30, 2019. The amount of debt for the AUD Term Loan reflects an unamortized original issue discount of $1,294 and $1,690 as of September 30, 2019 and December 31, 2018, respectively.
(4) | The interest rate in effect as of September 30, 2019 was 3.0%.
(5) | Collectively, the "Parent Notes".
(6) | The interest rate in effect as of September 30, 2019 was 3.1%. The Accounts Receivable Securitization Program terminates on July 30, 2020, at which point all obligations under the program become due. The full amount outstanding under the Accounts Receivable Securitization Program is classified within the current portion of long-term debt in our Condensed Consolidated Balance Sheet as of September 30, 2019.
(7) The interest rate in effect as of September 30, 2019 was 3.5%.
Schedule of Net Cash Position in Cash Pool Agreements | The approximate amount of the net cash position for our QRS Cash Pool and the TRS Cash Pool and the approximate amount of the gross position and outstanding debit balances for each of these pools as of September 30, 2019 and December 31, 2018 are as follows:
| September 30, 2019 |  | December 31, 2018
| Gross Cash Position |  | Outstanding Debit Balances |  | Net Cash Position |  | Gross Cash Position |  | Outstanding Debit Balances |  | Net Cash Position
QRS Cash Pool | $ | 358,200 |  |  | $ | (355,800 | ) |  | $ | 2,400 |  |  | $ | 300,800 |  |  | $ | (298,800 | ) |  | $ | 2,000 |
TRS Cash Pool | 302,200 |  |  | (296,300 | ) |  | 5,900 |  |  | 281,500 |  |  | (279,300 | ) |  | 2,200 |
Schedule of Leverage and Fixed Charge Ratios | Our leverage and fixed charge coverage ratios under the Credit Agreement as of September 30, 2019 and December 31, 2018, as well as our leverage ratio under our indentures as of September 30, 2019 and December 31, 2018 are as follows:
| September 30, 2019 |  | December 31, 2018 |  | Maximum/Minimum Allowable
Net total lease adjusted leverage ratio | 5.8 |  |  | 5.6 |  |  | Maximum allowable of 6.5
Net secured debt lease adjusted leverage ratio | 2.3 |  |  | 2.6 |  |  | Maximum allowable of 4.0
Bond leverage ratio (not lease adjusted) | 6.1 |  |  | 5.8 |  |  | Maximum allowable of 6.5-7.0(1)
Fixed charge coverage ratio | 2.1 |  |  | 2.2 |  |  | Minimum allowable of 1.5
______________________________________________________________ (1) The maximum allowable leverage ratio under our indentures for the 47/8% Notes due 2029, the 47/8% Notes due 2027, the GBP Notes and the 51/4% Notes is 7.0, while the maximum allowable leverage ratio under the indentures pertaining to our remaining senior and senior subordinated notes is 6.5. In certain instances as provided in our indentures, we have the ability to incur additional indebtedness that would result in our bond leverage ratio exceeding the maximum allowable ratio under our indentures and still remain in compliance with the covenant.

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