XML 62 R21.htm IDEA: XBRL DOCUMENT

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Declaration of dividends On November 3, 2021, we declared a quarterly cash dividend of $2.87 per share, which is payable on December 15, 2021 to our common stockholders of record as of the close of business on November 17, 2021. Asia-Pacific 2 Joint Venture On October 15, 2021, we entered into an agreement to form a joint venture in the form of a limited liability partnership with PGIM, to develop and operate xScale data centers in Asia-Pacific (the "Asia-Pacific 2 Joint Venture"). Upon closing, PGIM will contribute cash in exchange for an 80% partnership interest in the Asia-Pacific 2 Joint Venture. We will sell our SY9 data center site to the Asia-Pacific 2 Joint Venture in exchange for a 20% partnership interest in the Asia-Pacific 2 Joint Venture and cash proceeds. The transaction is expected to close in the fourth quarter of 2021, pending regulatory approval and other closing conditions. The assets and liabilities of the SY9 data center were classified as held for sale as of September 30, 2021 (see Note 5 above). Close of SP5 Sale On October 14, 2021, we completed the sale of our SP5 data center to the EMEA 2 Joint Venture for cash proceeds of approximately R$187.8 million, or $34.1 million at the exchange rate in effect on that date. The assets and liabilities of the SP5 data center were classified as held for sale as of September 30, 2021 (see Note 5 above).