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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Analysis of Business Segment Information and Reconciliation | An analysis of our business segment information and reconciliation to the accompanying Consolidated Financial Statements is as follows:
| GLOBAL RIM BUSINESS |  | GLOBAL DATA CENTER BUSINESS |  | TOTAL REPORTABLE SEGMENTS |  | CORPORATE AND OTHER |  | TOTAL CONSOLIDATED
As of and for the Year Ended December 31, 2024 |  |  |  |  |  |  |  |  |
Total Revenues | $ | 4,979,438 |  |  | $ | 620,028 |  |  | $ | 5,599,466 |  |  | $ | 550,443 |  |  | $ | 6,149,909 |
Storage Rental | 3,009,094 |  |  | 606,294 |  |  | 3,615,388 |  |  | 66,871 |  |  | 3,682,259 |
Service | 1,970,344 |  |  | 13,734 |  |  | 1,984,078 |  |  | 483,572 |  |  | 2,467,650 |
Other Reportable Segment Expenses(1) | 2,756,321 |  |  | 337,515 |  |  | 3,093,836 |  |  |  |  |
Adjusted EBITDA | 2,223,117 |  |  | 282,513 |  |  | 2,505,630 |  |  |  |  |
Total Assets(2) | 10,408,885 |  |  | 6,060,608 |  |  | 16,469,493 |  |  | 2,247,622 |  |  | 18,717,115 |
As of and for the Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |
Total Revenues | $ | 4,661,776 |  |  | $ | 495,026 |  |  | $ | 5,156,802 |  |  | $ | 323,487 |  |  | $ | 5,480,289 |
Storage Rental | 2,834,352 |  |  | 474,066 |  |  | 3,308,418 |  |  | 62,227 |  |  | 3,370,645 |
Service | 1,827,424 |  |  | 20,960 |  |  | 1,848,384 |  |  | 261,260 |  |  | 2,109,644 |
Other Reportable Segment Expenses(1) | 2,634,739 |  |  | 279,081 |  |  | 2,913,820 |  |  |  |  |
Adjusted EBITDA | 2,027,037 |  |  | 215,945 |  |  | 2,242,982 |  |  |  |  |
Total Assets(2) | 10,876,225 |  |  | 4,788,600 |  |  | 15,664,825 |  |  | 1,808,977 |  |  | 17,473,802 |
As of and for the Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |
Total Revenues | $ | 4,295,115 |  |  | $ | 401,125 |  |  | $ | 4,696,240 |  |  | $ | 407,334 |  |  | $ | 5,103,574 |
Storage Rental | 2,606,721 |  |  | 372,208 |  |  | 2,978,929 |  |  | 55,094 |  |  | 3,034,023 |
Service | 1,688,394 |  |  | 28,917 |  |  | 1,717,311 |  |  | 352,240 |  |  | 2,069,551 |
Other Reportable Segment Expenses(1) | 2,407,526 |  |  | 225,503 |  |  | 2,633,029 |  |  |  |  |
Adjusted EBITDA | 1,887,589 |  |  | 175,622 |  |  | 2,063,211 |  |  |  |  |
Total Assets(2) | 10,654,650 |  |  | 3,752,088 |  |  | 14,406,738 |  |  | 1,733,776 |  |  | 16,140,514 |
(1)Primarily relates to Cost of sales (excluding depreciation and amortization) and Selling, general and administrative expenses for the respective reportable segment. (2)Excludes all intercompany receivables or payables and investment in subsidiary balances.
Schedule of Reconciliation of Adjusted EBITDA to Income (Loss) From Continuing Operations on a Consolidated Basis | A reconciliation of Adjusted EBITDA for our reportable segments to total Net Income (Loss) Before Provision (Benefit) for Income Taxes for the years ended December 31, 2024, 2023 and 2022 is as follows:
| YEAR ENDED DECEMBER 31,
| 2024 |  | 2023 |  | 2022
Total Adjusted EBITDA for Reportable Segments | $ | 2,505,630 |  |  | $ | 2,242,982 |  |  | $ | 2,063,211 |
Add/(Deduct): |  |  |  |  |
Corporate and other | (269,250) |  |  | (281,305) |  |  | (236,154) |
Interest expense, net | (721,559) |  |  | (585,932) |  |  | (488,014) |
Depreciation and amortization | (900,905) |  |  | (776,159) |  |  | (727,595) |
Acquisition and Integration Costs | (35,842) |  |  | (25,875) |  |  | (47,746) |
Restructuring and other transformation | (161,359) |  |  | (175,215) |  |  | (41,933) |
(Loss) gain on disposal/write-down of property, plant and equipment, net (including real estate) | (6,196) |  |  | 12,825 |  |  | 93,268 |
Other (expense) income, net, excluding our share of losses (gains) from our unconsolidated joint ventures | (39,159) |  |  | (98,891) |  |  | 83,268 |
Stock-based compensation expense | (118,138) |  |  | (73,799) |  |  | (56,861) |
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures | (8,684) |  |  | (11,425) |  |  | (9,806) |
Total Net Income (Loss) Before Provision (Benefit) for Income Taxes | $ | 244,538 |  |  | $ | 227,206 |  |  | $ | 631,638 |
Schedule of Operations in Different Geographical Areas | Information as to our operations in different geographical areas for the years ended December 31, 2024, 2023 and 2022 is as follows:
| YEAR ENDED DECEMBER 31,
| 2024 |  | 2023 |  | 2022
Revenues: |  |  |  |  |
United States | $ | 4,008,402 |  |  | $ | 3,507,134 |  |  | $ | 3,262,755 |
United Kingdom | 426,462 |  |  | 393,917 |  |  | 332,556 |
Canada | 303,184 |  |  | 279,325 |  |  | 270,836 |
Remaining Countries | 1,411,861 |  |  | 1,299,913 |  |  | 1,237,427 |
Long-lived Assets: |  |  |  |  |
United States | $ | 11,399,912 |  |  | $ | 9,492,911 |  |  | $ | 8,925,643 |
United Kingdom | 1,419,582 |  |  | 1,315,715 |  |  | 1,062,641 |
Canada | 612,581 |  |  | 498,511 |  |  | 514,777 |
Remaining Countries | 3,593,818 |  |  | 4,431,120 |  |  | 4,090,308 |
Schedule of Revenues By Product and Service Lines | Information as to our revenues by product and service lines by segment for the years ended December 31, 2024, 2023 and 2022 is as follows:
| GLOBAL RIM BUSINESS |  | GLOBAL DATA CENTER BUSINESS |  | CORPORATE AND OTHER |  | TOTAL CONSOLIDATED
For the Year Ended December 31, 2024 |  |  |  |  |  |  |
Records Management(1) | $ | 3,899,109 |  |  | $ | — |  |  | $ | 162,366 |  |  | $ | 4,061,475 |
Data Management(1) | 515,306 |  |  | — |  |  | — |  |  | 515,306 |
Information Destruction(1)(2)(3) | 565,023 |  |  | — |  |  | 388,077 |  |  | 953,100 |
Data Center(1) | — |  |  | 620,028 |  |  | — |  |  | 620,028 |
For the Year Ended December 31, 2023 |  |  |  |  |  |  |
Records Management(1) | $ | 3,625,264 |  |  | $ | — |  |  | $ | 146,389 |  |  | $ | 3,771,653 |
Data Management(1) | 520,194 |  |  | — |  |  | — |  |  | 520,194 |
Information Destruction(1)(2)(3) | 516,318 |  |  | — |  |  | 177,098 |  |  | 693,416 |
Data Center(1) | — |  |  | 495,026 |  |  | — |  |  | 495,026 |
For the Year Ended December 31, 2022 |  |  |  |  |  |  |
Records Management(1) | $ | 3,287,237 |  |  | $ | — |  |  | $ | 137,845 |  |  | $ | 3,425,082 |
Data Management(1) | 510,107 |  |  | — |  |  | 185 |  |  | 510,292 |
Information Destruction(1)(2)(3) | 497,771 |  |  | — |  |  | 269,304 |  |  | 767,075 |
Data Center(1) | — |  |  | 401,125 |  |  | — |  |  | 401,125 |
(1)Each of these offerings has a component of revenue that is storage rental related and a component that is service related, except for information destruction, which does not have a storage rental component. (2)Information destruction revenue for our Global RIM Business includes secure shredding services. (3)Information destruction revenue for Corporate and Other includes product revenue from our ALM business.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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