XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.20.2

Debt (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of Carrying Amount and Fair Value of Long-Term Debt Instruments | Long-term debt is as follows:
|  | September 30, 2020 |  |  | December 31, 2019
|  | 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) |  | $ | 172,603 |  |  | $ | (9,482) |  |  | $ | 163,121 |  |  | $ | 172,603 |  |  |  | $ | 348,808 |  |  | $ | (12,053) |  |  | $ | 336,755 |  |  | $ | 348,808 |
Term Loan A(1) |  | 218,750 |  |  | — |  |  | 218,750 |  |  | 218,750 |  |  |  | 228,125 |  |  | — |  |  | 228,125 |  |  | 228,125 |
Term Loan B |  | 681,315 |  |  | (6,557) |  |  | 674,758 |  |  | 682,500 |  |  |  | 686,395 |  |  | (7,493) |  |  | 678,902 |  |  | 686,890 |
Australian Dollar Term Loan (the "AUD Term Loan") |  | 226,690 |  |  | (1,731) |  |  | 224,959 |  |  | 227,602 |  |  |  | 226,924 |  |  | (2,313) |  |  | 224,611 |  |  | 228,156 |
UK Bilateral Revolving Credit Facility (the "UK Bilateral Facility") |  | 180,204 |  |  | (1,393) |  |  | 178,811 |  |  | 180,204 |  |  |  | 184,601 |  |  | (1,801) |  |  | 182,800 |  |  | 184,601 |
4 3/8% Senior Notes due 2021 (the "4 3/8% Notes")(2) |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 500,000 |  |  | (2,436) |  |  | 497,564 |  |  | 503,450 |
6% Senior Notes due 2023 (the "6% Notes due 2023")(2) |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 600,000 |  |  | (4,027) |  |  | 595,973 |  |  | 613,500 |
5 3/8% CAD Senior Notes due 2023 (the "CAD Notes") |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 192,058 |  |  | (2,071) |  |  | 189,987 |  |  | 199,380 |
5 3/4% Senior Subordinated Notes due 2024 (the "5 3/4% Notes")(2) |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 1,000,000 |  |  | (6,409) |  |  | 993,591 |  |  | 1,010,625 |
3% Euro Senior Notes due 2025 (the "Euro Notes")(2) |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 336,468 |  |  | (3,462) |  |  | 333,006 |  |  | 345,660 |
3 7/8% GBP Senior Notes due 2025 (the "GBP Notes") |  | 514,867 |  |  | (4,942) |  |  | 509,925 |  |  | 519,027 |  |  |  | 527,432 |  |  | (5,809) |  |  | 521,623 |  |  | 539,892 |
5 3/8% Senior Notes due 2026 (the "5 3/8% Notes") |  | — |  |  | — |  |  | — |  |  | — |  |  |  | 250,000 |  |  | (2,756) |  |  | 247,244 |  |  | 261,641 |
4 7/8% Senior Notes due 2027 (the "4 7/8% Notes due 2027")(2) |  | 1,000,000 |  |  | (9,954) |  |  | 990,046 |  |  | 1,012,500 |  |  |  | 1,000,000 |  |  | (11,020) |  |  | 988,980 |  |  | 1,029,475 |
5 1/4% Senior Notes due 2028 (the "5 1/4% Notes due 2028")(2) |  | 825,000 |  |  | (8,857) |  |  | 816,143 |  |  | 851,813 |  |  |  | 825,000 |  |  | (9,742) |  |  | 815,258 |  |  | 859,598 |
5% Senior Notes due 2028 (the "5% Notes")(2) |  | 500,000 |  |  | (5,667) |  |  | 494,333 |  |  | 507,500 |  |  |  | — |  |  | — |  |  | — |  |  | — |
4 7/8% Senior Notes due 2029 (the "4 7/8% Notes due 2029")(2) |  | 1,000,000 |  |  | (13,019) |  |  | 986,981 |  |  | 1,012,500 |  |  |  | 1,000,000 |  |  | (14,104) |  |  | 985,896 |  |  | 1,015,640 |
5 1/4% Senior Notes due 2030 (the "5 1/4 Notes due 2030")(2) |  | 1,300,000 |  |  | (14,792) |  |  | 1,285,208 |  |  | 1,352,000 |  |  |  | — |  |  | — |  |  | — |  |  | — |
4 1/2% Senior Notes due 2031 (the "4 1/2% Notes")(2) |  | 1,100,000 |  |  | (12,970) |  |  | 1,087,030 |  |  | 1,102,750 |  |  |  | — |  |  | — |  |  | — |  |  | — |
5 5/8% Senior Notes due 2032 (the "5 5/8% Notes")(2) |  | 600,000 |  |  | (6,873) |  |  | 593,127 |  |  | 630,000 |  |  |  | — |  |  | — |  |  | — |  |  | — |
Real Estate Mortgages, Financing Lease Liabilities and Other |  | 468,906 |  |  | (215) |  |  | 468,691 |  |  | 468,906 |  |  |  | 523,671 |  |  | (406) |  |  | 523,265 |  |  | 523,671 |
Accounts Receivable Securitization Program |  | 270,600 |  |  | (168) |  |  | 270,432 |  |  | 270,600 |  |  |  | 272,062 |  |  | (81) |  |  | 271,981 |  |  | 272,062 |
Mortgage Securitization Program |  | 50,000 |  |  | (873) |  |  | 49,127 |  |  | 50,000 |  |  |  | 50,000 |  |  | (982) |  |  | 49,018 |  |  | 50,000 |
Total Long-term Debt |  | 9,108,935 |  |  | (97,493) |  |  | 9,011,442 |  |  |  |  |  | 8,751,544 |  |  | (86,965) |  |  | 8,664,579 |  |  |
Less Current Portion |  | (392,586) |  |  | — |  |  | (392,586) |  |  |  |  |  | (389,013) |  |  | — |  |  | (389,013) |  |  |
Long-term Debt, Net of Current Portion |  | $ | 8,716,349 |  |  | $ | (97,493) |  |  | $ | 8,618,856 |  |  |  |  |  | $ | 8,362,531 |  |  | $ | (86,965) |  |  | $ | 8,275,566 |  |  |
_______________________________________________________________ (1)Collectively, the credit agreement (the "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 $172,603 of outstanding borrowings under the Revolving Credit Facility as of September 30, 2020, $128,000 was denominated in United States dollars, 3,200 was denominated in Canadian dollars and 36,000 was denominated in Euros. In addition, we also had various outstanding letters of credit totaling $3,202. The remaining amount available for borrowing under the Revolving Credit Facility as of September 30, 2020 was $1,574,195 (which amount represents the maximum availability as of such date). The average interest rate in effect under the Credit Agreement was 2.3% as of September 30, 2020 and the average interest rate in effect under the Revolving Credit Facility as of September 30, 2020 was 2.9%. (2)Collectively, the "Parent Notes".
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, 2020 and December 31, 2019 are as follows:
| September 30, 2020 |  | December 31, 2019
| Gross Cash Position |  | Outstanding Debit Balances |  | Net Cash Position |  | Gross Cash Position |  | Outstanding Debit Balances |  | Net Cash Position
QRS Cash Pool | $ | 573,600 |  |  | $ | (573,000) |  |  | $ | 600 |  |  | $ | 372,100 |  |  | $ | (369,000) |  |  | $ | 3,100 |
TRS Cash Pool | 363,800 |  |  | (362,600) |  |  | 1,200 |  |  | 319,800 |  |  | (301,300) |  |  | 18,500 |

X
- Definition Schedule Of Net Cash Position In Cash Pool Agreements [Table Text Block] + References No definition available. + Details
Name: | irm_ScheduleOfNetCashPositionInCashPoolAgreementsTableTextBlock
Namespace Prefix: | irm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: 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 http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration