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Segment Information
 6 Months Ended
Jun. 30, 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 six 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 and six months ended June 30, 2025 and 2024 is as follows:
GLOBAL RIM BUSINESSGLOBAL
DATA CENTER BUSINESS		TOTAL REPORTABLE SEGMENTSCORPORATE 
AND OTHER 		TOTAL
CONSOLIDATED
For the Three Months Ended June 30, 2025
   
Total Revenues$1,323,798 $189,401 $1,513,199 $198,749 $1,711,948 
Storage Rental803,580 188,279 991,859 18,130 1,009,989 
Service520,218 1,122 521,340 180,619 701,959 
Other Segment Items(1)
737,495 93,135 830,630 
Adjusted EBITDA586,303 96,266 682,569 
For the Three Months Ended June 30, 2024
   
Total Revenues$1,250,577 $152,702 $1,403,279 $131,130 $1,534,409 
Storage Rental756,358 147,397 903,755 15,991 919,746 
Service494,219 5,305 499,524 115,139 614,663 
Other Segment Items(1)
701,835 86,685 788,520 
Adjusted EBITDA548,742 66,017 614,759 
As of and for the Six Months Ended June 30, 2025
Total Revenues$2,579,740 $362,598 $2,942,338 $362,139 $3,304,477 
Storage Rental1,561,088 361,224 1,922,312 36,053 1,958,365 
Service1,018,652 1,374 1,020,026 326,086 1,346,112 
Other Segments Items(1)
1,437,123 175,516 1,612,639 
Adjusted EBITDA1,142,617 187,082 1,329,699 
Total Assets(2)
10,706,096 7,156,801 17,862,897 2,313,892 20,176,789 
As of and for the Six Months Ended June 30, 2024
Total Revenues$2,460,734 $296,639 $2,757,373 $253,899 $3,011,272 
Storage Rental1,485,342 287,425 1,772,767 31,821 1,804,588 
Service975,392 9,214 984,606 222,078 1,206,684 
Other Segment Items(1)
1,385,724 169,054 1,554,778 
Adjusted EBITDA1,075,010 127,585 1,202,595 
Total Assets(2)
10,518,612 5,311,285 15,829,897 2,137,037 17,966,934 
(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 (Loss) Income Before Provision (Benefit) for Income Taxes for the three and six months ended June 30, 2025 and 2024 is as follows:
 THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,
2025202420252024
Total Adjusted EBITDA for Reportable Segments$682,569 $614,759 $1,329,699 $1,202,595 
Add/(Deduct):
Corporate and other(54,181)(70,398)(121,405)(139,379)
Interest expense, net(205,063)(176,521)(399,801)(341,040)
Depreciation and amortization(252,566)(224,501)(484,720)(434,056)
Acquisition and Integration Costs(4,815)(9,502)(10,638)(17,311)
Restructuring and other transformation(50,340)(46,513)(105,086)(87,280)
Gain (loss) on disposal/write-down of property, plant and equipment, net (including real estate)962 (2,790)(4,609)(3,179)
Other (expense) income, net, excluding our share of (losses) gains from our unconsolidated joint ventures(80,698)(4,532)(108,080)8,578 
Stock-based compensation expense(60,354)(29,889)(86,448)(43,928)
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures(2,558)(2,173)(4,888)(3,426)
Total Net (Loss) Income Before Provision (Benefit) for Income Taxes$(27,044)$47,940 $4,024 $141,574 
Segment revenue by product and service lines for the three and six months ended June 30, 2025 and 2024 is as follows:
THREE MONTHS ENDED JUNE 30,SIX MONTHS ENDED JUNE 30,
2025202420252024
Global RIM Business
Records Management(1)
$1,055,495 $974,480 $2,047,322 $1,911,132 
Data Management(1)
123,946 131,073 246,033 263,123 
Information Destruction(1)(2)
144,357 145,024 286,385 286,479 
Data Center(1)
— — — — 
Global Data Center Business
Records Management(1)
$— $— $— $— 
Data Management(1)
— — — — 
Information Destruction(1)
— — — — 
Data Center(1)
189,401 152,702 362,598 296,639 
Corporate and Other
Records Management(1)
$45,686 $40,996 $88,473 $80,068 
Data Management(1)
— — — — 
Information Destruction(1)(3)
153,063 90,134 273,666 173,831 
Data Center(1)
— — — — 
Total Consolidated
Records Management(1)
$1,101,181 $1,015,476 $2,135,795 $1,991,200 
Data Management(1)
123,946 131,073 246,033 263,123 
Information Destruction(1)(2)(3)
297,420 235,158 560,051 460,310 
Data Center(1)
189,401 152,702 362,598 296,639 
(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.