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Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Analysis of Business Segment Information

An analysis of our business segment information and reconciliation to the accompanying Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2025 and 2024 is as follows:

			GLOBAL RIM BUSINESS						GLOBAL DATA CENTER BUSINESS						TOTAL REPORTABLE SEGMENTS						CORPORATE  AND OTHER						TOTAL CONSOLIDATED
For the Three Months Ended September 30, 2025
Total Revenues			$	1,338,800					$	204,130					$	1,542,930					$	211,163					$	1,754,093
Storage Rental			814,118						201,383						1,015,501						17,396						1,032,897
Service			524,682						2,747						527,429						193,767						721,196
Other Segment Items(1)			740,333						96,753						837,086
Adjusted EBITDA			598,467						107,377						705,844
For the Three Months Ended September 30, 2024
Total Revenues			$	1,260,358					$	153,206					$	1,413,564					$	143,794					$	1,557,358
Storage Rental			767,780						150,796						918,576						17,125						935,701
Service			492,578						2,410						494,988						126,669						621,657
Other Segment Items(1)			691,364						86,410						777,774
Adjusted EBITDA			568,994						66,796						635,790
As of and for the Nine Months Ended September 30, 2025
Total Revenues			$	3,918,540					$	566,728					$	4,485,268					$	573,302					$	5,058,570
Storage Rental			2,375,206						562,607						2,937,813						53,449						2,991,262
Service			1,543,334						4,121						1,547,455						519,853						2,067,308
Other Segments Items(1)			2,177,456						272,269						2,449,725
Adjusted EBITDA			1,741,084						294,459						2,035,543
Total Assets(2)			10,752,581						7,602,266						18,354,847						2,278,006						20,632,853
As of and for the Nine Months Ended September 30, 2024
Total Revenues			$	3,721,092					$	449,845					$	4,170,937					$	397,693					$	4,568,630
Storage Rental			2,253,122						438,221						2,691,343						48,946						2,740,289
Service			1,467,970						11,624						1,479,594						348,747						1,828,341
Other Segment Items(1)			2,077,088						255,464						2,332,552
Adjusted EBITDA			1,644,004						194,381						1,838,385
Total Assets(2)			10,628,084						5,659,583						16,287,667						2,181,962						18,469,629

(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.

Schedule of Reconciliation of Net Income (Loss) to Adjusted EBITDA

A reconciliation of Adjusted EBITDA for our reportable segments to total Net Income (Loss) Before Provision (Benefit) for Income Taxes for the three and nine months ended September 30, 2025 and 2024 is as follows:

			THREE MONTHS ENDED SEPTEMBER 30,												NINE MONTHS ENDED SEPTEMBER 30,
			2025						2024						2025						2024
Total Adjusted EBITDA for Reportable Segments			$	705,844					$	635,790					$	2,035,543					$	1,838,385
Add/(Deduct):
Corporate and other			(45,465)						(67,677)						(166,870)						(207,056)
Interest expense, net			(209,740)						(186,067)						(609,541)						(527,107)
Depreciation and amortization			(262,203)						(232,240)						(746,923)						(666,296)
Acquisition and Integration Costs			(5,402)						(11,262)						(16,040)						(28,573)
Restructuring and other transformation			(47,346)						(37,282)						(152,432)						(124,562)
(Loss) gain on disposal/write-down of property, plant and equipment, net (including real estate)			(3,366)						(5,091)						(7,975)						(8,270)
Other income (expense), net, excluding our share of (losses) gains from our unconsolidated joint ventures			5,329						(85,532)						(102,751)						(76,954)
Stock-based compensation expense			(32,147)						(29,563)						(118,595)						(73,491)
Our share of Adjusted EBITDA reconciling items from our unconsolidated joint ventures			(2,669)						(2,341)						(7,557)						(5,767)
Total Net Income (Loss) Before Provision (Benefit) for Income Taxes			$	102,835					$	(21,265)					$	106,859					$	120,309

Schedule of Revenues by Product and Service Lines by Segment

Segment revenue by product and service lines for the three and nine months ended September 30, 2025 and 2024 is as follows:

			THREE MONTHS ENDED SEPTEMBER 30,												NINE MONTHS ENDED SEPTEMBER 30,
			2025						2024						2025						2024
Global RIM Business
Records Management(1)			$	1,060,359					$	990,333					$	3,107,681					$	2,901,465
Data Management(1)			134,339						127,583						380,372						390,706
Information Destruction(1)(2)			144,102						142,442						430,487						428,921
Data Center(1)			—						—						—						—
Global Data Center Business
Records Management(1)			$	—					$	—					$	—					$	—
Data Management(1)			—						—						—						—
Information Destruction(1)			—						—						—						—
Data Center(1)			204,130						153,206						566,728						449,845
Corporate and Other
Records Management(1)			$	42,340					$	41,460					$	130,813					$	121,528
Data Management(1)			—						—						—						—
Information Destruction(1)(3)			168,823						102,334						442,489						276,165
Data Center(1)			—						—						—						—
Total Consolidated
Records Management(1)			$	1,102,699					$	1,031,793					$	3,238,494					$	3,022,993
Data Management(1)			134,339						127,583						380,372						390,706
Information Destruction(1)(2)(3)			312,925						244,776						872,976						705,086
Data Center(1)			204,130						153,206						566,728						449,845

(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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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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