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Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Detail) - Unconsolidated Co-Investment Ventures [Member]
ft² in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
USD ($)
ft²
Property
Venture
Jun. 30, 2016
USD ($)
ft²
Property
Venture
Jun. 30, 2017
USD ($)
ft²
Property
Venture
Jun. 30, 2016
USD ($)
ft²
Property
Venture
Dec. 31, 2016
USD ($)
ft²
Property
Venture
Schedule Of Equity Method Investments [Line Items]          
Number of ventures | Venture 9 9 9 9 9
Number of operating properties owned | Property 1,384 1,355 1,384 1,355 1,367
Square feet | ft² 295 284 295 284 291
Total assets $ 24,843 $ 23,456 $ 24,843 $ 23,456 $ 23,057
Third-party debt 6,811 6,620 6,811 6,620 6,546
Total liabilities 8,344 8,047 8,344 8,047 7,876
Our investment balance [1] 4,383 4,328 4,383 4,328 $ 4,058
Revenues 508 491 1,008 966  
Net earnings $ 223 $ 115 $ 373 $ 254  
U.S. [Member]          
Schedule Of Equity Method Investments [Line Items]          
Number of ventures | Venture 1 1 1 1 1
Number of operating properties owned | Property 384 379 384 379 369
Square feet | ft² 52 49 52 49 50
Total assets $ 4,346 $ 4,228 $ 4,346 $ 4,228 $ 4,238
Third-party debt 1,400 1,425 1,400 1,425 1,414
Total liabilities 1,620 1,504 1,620 1,504 1,540
Our investment balance [1] 545 518 545 518 $ 435
Revenues 105 98 209 196  
Net earnings $ 15 $ 6 $ 51 $ 36  
Other Americas [Member]          
Schedule Of Equity Method Investments [Line Items]          
Number of ventures | Venture 2 2 2 2 2
Number of operating properties owned | Property 215 209 215 209 213
Square feet | ft² 43 41 43 41 42
Total assets $ 2,791 $ 2,694 $ 2,791 $ 2,694 $ 2,793
Third-party debt 728 677 728 677 739
Total liabilities 812 772 812 772 814
Our investment balance [1] 836 848 836 848 $ 845
Revenues 66 59 130 116  
Net earnings $ 22 $ 19 $ 39 $ 33  
Europe [Member]          
Schedule Of Equity Method Investments [Line Items]          
Number of ventures | Venture [2],[3] 4 4 4 4 4
Number of operating properties owned | Property 702 690 702 690 700
Square feet | ft² 164 160 164 160 163
Total assets $ 12,178 $ 11,188 $ 12,178 $ 11,188 $ 10,853
Third-party debt 2,595 2,566 2,595 2,566 2,446
Total liabilities 3,536 3,521 3,536 3,521 3,283
Our investment balance [1] 2,505 2,464 2,505 2,464 $ 2,327
Revenues 248 248 492 492  
Net earnings $ 93 $ 68 $ 166 $ 141  
Asia [Member]          
Schedule Of Equity Method Investments [Line Items]          
Number of ventures | Venture 2 2 2 2 2
Number of operating properties owned | Property 83 77 83 77 85
Square feet | ft² 36 34 36 34 36
Total assets $ 5,528 $ 5,346 $ 5,528 $ 5,346 $ 5,173
Third-party debt 2,088 1,952 2,088 1,952 1,947
Total liabilities 2,376 2,250 2,376 2,250 2,239
Our investment balance [1] 497 498 497 498 $ 451
Revenues 89 86 177 162  
Net earnings $ 93 $ 22 $ 117 $ 44  
Weighted Average [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 26.90% 28.80% 26.90% 28.80% 27.90%
Weighted Average [Member] | U.S. [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 14.20% 17.60% 14.20% 17.60% 14.90%
Weighted Average [Member] | Other Americas [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 44.00% 43.60% 44.00% 43.60% 43.90%
Weighted Average [Member] | Europe [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 33.00% 36.20% 33.00% 36.20% 35.10%
Weighted Average [Member] | Asia [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 15.10% 15.00% 15.10% 15.00% 15.10%
[1] The difference between our ownership interest of a venture’s equity and our investment balance at June 30, 2017, and December 31, 2016, 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 ($459.4 million and $469.9 million, respectively); (ii) recording additional costs associated with our investment in a venture ($125.0 million and $124.1 million, respectively); and (iii) advances to a venture ($300.5 million and $166.1 million, respectively), which increased primarily from the gross promotes that were earned during the second quarter of 2017 and expected to be paid in the third quarter of 2017.
[2] In February 2017, we formed the Prologis United Kingdom Logistics Venture (“UKLV”), an unconsolidated co-investment venture in which we have a 15.0% ownership interest. UKLV will acquire land, develop buildings and operate and hold logistics real estate assets in the United Kingdom (“U.K.”). Upon formation, we, along with our venture partner, committed £380.0 million ($493.2 million at June 30, 2017), of which our share is £57.0 million ($74.0 million at June 30, 2017). During the six months ended June 30, 2017, we contributed 1.4 million square feet of stabilized properties, 0.5 million square feet of properties under development and 144.8 acres of land for £269.5 million ($336.4 million). We expect to continue to contribute properties and land into UKLV.
[3] In January 2017, we sold our investment in ELV to our fund partner for $84.3 million and ELV contributed its properties to PTELF in exchange for equity interests.
[4] 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.