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Unconsolidated Entities - Summary of Unconsolidated Co-investment Ventures (Detail) - Unconsolidated Co-Investment Ventures [Member]
$ in Thousands, ft² in Millions
12 Months Ended
Dec. 31, 2015
USD ($)
ft²
Property
Venture
Dec. 31, 2014
USD ($)
ft²
Property
Venture
Dec. 31, 2013
USD ($)
ft²
Property
Venture
Schedule Of Equity Method Investments [Line Items]      
Number of ventures | Venture 9 9 10
Number of properties owned | Property 1,350 1,278 1,323
Square feet | ft² 276.5 260.7 264.3
Total assets $ 22,553,000 $ 22,616,000 $ 23,818,000
Third-party debt 6,250,000 6,531,000 7,665,000
Total liabilities 7,593,000 7,649,000 9,143,000
Our investment balance [1] 4,585,000 4,666,000 4,250,000
Revenues 1,832 1,992 [2] 1,727 [2]
Net operating income 1,418 1,533 [2] 1,309 [2]
Net earnings $ 451 $ 408 [2] $ 237 [2]
Americas [Member]      
Schedule Of Equity Method Investments [Line Items]      
Number of ventures | Venture 3 3 4
Number of properties owned | Property 596 590 709
Square feet | ft² 89.0 87.1 108.5
Total assets $ 6,890,000 $ 7,056,000 $ 8,004,000
Third-party debt 2,090,000 2,273,000 2,989,000
Total liabilities 2,258,000 2,414,000 3,167,000
Our investment balance [1] 1,476,000 1,537,000 1,194,000
Revenues 610 711 [2] 702 [2]
Net operating income 465 527 [2] 513 [2]
Net earnings $ 113 $ 54 [2] $ 58 [2]
Europe [Member]      
Schedule Of Equity Method Investments [Line Items]      
Number of ventures | Venture 4 4 4
Number of properties owned | Property 688 636 571
Square feet | ft² 158.3 147.4 132.9
Total assets $ 11,343,000 $ 11,440,000 $ 11,800,000
Third-party debt 2,640,000 2,621,000 2,979,000
Total liabilities 3,584,000 3,501,000 4,095,000
Our investment balance [1] 2,707,000 2,773,000 2,703,000
Revenues 947 1,001 [2] 801 [2]
Net operating income 741 787 [2] 621 [2]
Net earnings $ 261 $ 268 [2] $ 131 [2]
Asia [Member]      
Schedule Of Equity Method Investments [Line Items]      
Number of ventures | Venture 2 2 2
Number of properties owned | Property 66 52 43
Square feet | ft² 29.2 26.2 22.9
Total assets $ 4,320,000 $ 4,120,000 $ 4,014,000
Third-party debt 1,520,000 1,637,000 1,697,000
Total liabilities 1,751,000 1,734,000 1,881,000
Our investment balance [1] 402,000 356,000 353,000
Revenues 275 280 [2] 224 [2]
Net operating income 212 219 [2] 175 [2]
Net earnings $ 77 $ 86 [2] $ 48 [2]
Weighted Average [Member]      
Schedule Of Equity Method Investments [Line Items]      
Our weighted average ownership [3] 31.60% 32.00% 29.20%
Weighted Average [Member] | Americas [Member]      
Schedule Of Equity Method Investments [Line Items]      
Our weighted average ownership [3] 29.80% 31.00% 22.70%
Weighted Average [Member] | Europe [Member]      
Schedule Of Equity Method Investments [Line Items]      
Our weighted average ownership [3] 38.90% 38.80% 39.00%
Weighted Average [Member] | Asia [Member]      
Schedule Of Equity Method Investments [Line Items]      
Our weighted average ownership [3] 15.00% 15.00% 15.00%
[1] The difference between our ownership interest of a venture’s equity and our investment balance results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to a venture ($430.7 million, $322.9 million and $139.6 million at December 31, 2015, 2014 and 2013, respectively); (ii) recording additional costs associated with our investment in the venture; and (iii) advances to a venture.
[2] We had significant activity with our unconsolidated co-investment ventures in 2014 and 2013 as explained in both Note 3 and Note 4. We formed and invested in FIBRA Prologis in 2014. In connection with this transaction, we concluded our unconsolidated co-investment venture in Mexico. We began consolidating NAIF in 2014. During 2013, we concluded three co-investment ventures and we started two new co-investment ventures.
[3] Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities.