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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
Our Chief Operating Decision Maker (“CODM”), our President and CEO, uses Adjusted EBITDA as the basis for evaluating the performance of, and allocating resources to, our operating segments. The CODM uses Adjusted EBITDA to ensure that resources, including capital, are allocated strategically to support our strategy.
Our reportable segments as of December 31, 2024 are described in Note 11 to Notes to Consolidated Financial Statements included in our Annual Report. Our reportable segments are as follows:
•Global RIM Business
•Global Data Center Business
The remaining activities of our business consist primarily of our Fine Arts and asset lifecycle management ("ALM") businesses and other corporate items ("Corporate and Other").
The operations associated with acquisitions completed during the first three months of 2025 have been incorporated into Corporate and Other.
An analysis of our business segment information and reconciliation to the accompanying Condensed Consolidated Financial Statements for the three months ended March 31, 2025 and 2024 is as follows:
GLOBAL RIM BUSINESSGLOBAL
DATA CENTER BUSINESS		TOTAL REPORTABLE SEGMENTSCORPORATE 
AND OTHER 		TOTAL
CONSOLIDATED
For the Three Months Ended March 31, 2025
   
Total Revenues$1,255,942 $173,197 $1,429,139 $163,390 $1,592,529 
Storage Rental757,508 172,945 930,453 17,923 948,376 
Service498,434 252 498,686 145,467 644,153 
Other Segment Items(1)
699,628 82,381 782,009 
Adjusted EBITDA556,314 90,816 647,130 
Total Assets(2)
10,263,140 6,641,688 16,904,828 2,457,259 19,362,087 
For the Three Months Ended March 31, 2024
   
Total Revenues$1,210,157 $143,937 $1,354,094 $122,769 $1,476,863 
Storage Rental728,984 140,028 869,012 15,830 884,842 
Service481,173 3,909 485,082 106,939 592,021 
Other Segment Items(1)
683,889 82,369 766,258 
Adjusted EBITDA526,268 61,568 587,836 
Total Assets(2)
10,706,306 5,000,981 15,707,287 2,122,269 17,829,556 
(1)Relates to Cost of sales (excluding depreciation and amortization) and Selling, general and administrative expenses for the respective reportable segment. The CODM does not regularly review disaggregated expense information included within “Other Segment Items” for any individual segments but may review consolidated Cost of sales (excluding depreciation and amortization) and consolidated Selling, general and administrative expense information to manage the business.
(2)Excludes all intercompany receivables or payables and investment in subsidiary balances.
A reconciliation of Adjusted EBITDA for our reportable segments to total Net Income (Loss) Before Provision (Benefit) for Income Taxes for the three months ended March 31, 2025 and 2024 is as follows:
 THREE MONTHS ENDED MARCH 31,
20252024
Total Adjusted EBITDA for Reportable Segments$647,130 $587,836 
Add/(Deduct):
Corporate and other(67,224)(68,981)
Interest expense, net(194,738)(164,519)
Depreciation and amortization(232,154)(209,555)
Acquisition and Integration Costs(5,823)(7,809)
Restructuring and other transformation(54,746)(40,767)
(Loss) gain on disposal/write-down of property, plant and equipment, net (including real estate)(5,571)(389)
Other (expense) income, net, excluding our share of (losses) gains from our unconsolidated joint ventures(27,382)13,110 
Stock-based compensation expense(26,094)(14,039)
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures(2,330)(1,253)
Total Net Income (Loss) Before Provision (Benefit) for Income Taxes$31,068 $93,634 
Segment revenue by product and service lines for the three months ended March 31, 2025 and 2024 is as follows:
THREE MONTHS ENDED MARCH 31,
20252024
Global RIM Business
Records Management(1)
$991,827 $936,652 
Data Management(1)
122,087 132,050 
Information Destruction(1)(2)
142,028 141,455 
Data Center(1)
— — 
Global Data Center Business
Records Management(1)
$— $— 
Data Management(1)
— — 
Information Destruction(1)
— — 
Data Center(1)
173,197 143,937 
Corporate and Other
Records Management(1)
$42,787 $39,072 
Data Management(1)
— — 
Information Destruction(1)(3)
120,603 83,697 
Data Center(1)
— — 
Total Consolidated
Records Management(1)
$1,034,614 $975,724 
Data Management(1)
122,087 132,050 
Information Destruction(1)(2)(3)
262,631 225,152 
Data Center(1)
173,197 143,937 
(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.