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Capital structure and noncontrolling interests (Tables)
6 Months Ended
Jun. 30, 2024
Noncontrolling Interest [Abstract]  
Schedule of Capital Units A summary of these ownership interests as of June 30, 2024 and December 31, 2023 is as follows:
June 30, 2024December 31, 2023
Class A units owned by Lineage, Inc.161,749,791 162,017,515 
Class A & B units owned by Non-Company LPs19,709,540 18,829,959 
Redeemable Class A units owned by Non-Company LPs319,006 1,260,182 
Total181,778,337 182,107,656 
Schedule of Ownership Interests Third parties own the following interests in the below Other Consolidated Subsidiaries:
June 30, 2024December 31, 2023
Cool Port Oakland Holdings, LLC13.3 %13.3 %
Lineage Jiuheng Logistics (HK) Group Company Ltd.40.0 %40.0 %
Kloosterboer BLG Coldstore GmbH49.0 %49.0 %
Turvo India Pvt. Ltd.1.0 %1.0 %
Redeemable Noncontrolling Interest
Below is a summary of all activity for the Company’s redeemable noncontrolling interests during the six months ended June 30, 2024 and 2023, which are discussed in further detail above.
(in millions)Redeemable Noncontrolling Interests - Operating Partnership UnitsConvertible Redeemable Noncontrolling Interests - Preference SharesRedeemable Noncontrolling Interest - Operating SubsidiariesTotal Redeemable Noncontrolling Interests
Balance as of December 31, 2023$120 $221 $$349 
Distributions(1)— — (1)
Redemption of redeemable noncontrolling interests (6)— — (6)
Expiration of redemption option(92)— — (92)
Accretion of redeemable noncontrolling interests— — 
Balance as of March 31, 2024$27 $221 $$256 
Redeemable noncontrolling interest adjustment— — 
Accretion of redeemable noncontrolling interests— 
Balance as of June 30, 2024$28 $225 $$262 
(in millions)Redeemable Noncontrolling Interests - Operating Partnership UnitsConvertible Redeemable Noncontrolling Interests - Preference SharesTotal Redeemable Noncontrolling Interests
Balance as of December 31, 2022$85 $213 $298 
Redeemable noncontrolling interest adjustment— 
Accretion of redeemable noncontrolling interests— 
Balance as of March 31, 2023$94 $217 $311 
Accretion of redeemable noncontrolling interests— 
Balance as of June 30, 2023$103 $217 $320 
Below is a summary of all activity for the Company’s noncontrolling interests during the six months ended June 30, 2024 and 2023, which are discussed in further detail above.
(in millions)Operating Partnership Units - Class A, B, & CNoncontrolling Interests in Other Consolidated SubsidiariesManagement Profits Interests Class C UnitsTotal Noncontrolling Interests
Balance as of December 31, 2023$598 $15 $$622 
Distributions(11)(1)— (12)
Stock-based compensation— — 
Other comprehensive income (loss)(8)— — (8)
Expiration of redemption option27 — — 27 
Net income (loss)(5)(4)(8)
Reallocation of noncontrolling interests— — 
Balance as of March 31, 2024$608 $15 $$630 
Distributions(12)— — (12)
Stock-based compensation— — 
Other comprehensive income (loss)(3)— — (3)
Net income (loss)(8)— (4)(12)
Reallocation of noncontrolling interests— — 
Balance as of June 30, 2024$594 $15 $$614 
(in millions)Operating Partnership Units - Class A, B, & CNoncontrolling Interests in Other Consolidated SubsidiariesManagement Profits Interests Class C UnitsTotal Noncontrolling Interests
Balance as of December 31, 2022$608 $21 $12 $641 
Contributions from noncontrolling interests— — 
Distributions(12)— — (12)
Stock-based compensation— — 
Other comprehensive income (loss)(1)— — (1)
Redemption of units issued as stock compensation— — (1)(1)
Net income (loss)— (1)
Reallocation of noncontrolling interests19 — — 19 
Balance as of March 31, 2023$618 $21 $12 $651 
Distributions(12)— — (12)
Stock-based compensation— — 
Other comprehensive income (loss)— — 
Net income (loss)— (1)(2)(3)
Reallocation of noncontrolling interests11 — — 11 
Balance as of June 30, 2023$621 $20 $12 $653