Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Revenue Information Disaggregated by Service Lines and Geographic Areas

The following tables present revenue information disaggregated by product lines and geographic areas, (in millions):

	Three Months Ended March 31, 2024
	Americas		EMEA		Asia-Pacific		Total
Colocation (1)	$	607	$	549	$	334	$	1,490
Interconnection	215		83		70		368
Managed infrastructure	66		35		17		118
Other (1)	6		24		4		34
Recurring revenues	894		691		425		2,010
Non-recurring revenues	45		36		36		117
Total	$	939	$	727	$	461	$	2,127

(1) Includes some leasing and hedging activities.

	Three Months Ended March 31, 2023
	Americas		EMEA		Asia-Pacific		Total
Colocation (1)	$	573	$	516	$	319	$	1,408
Interconnection	199		73		65		337
Managed infrastructure	61		31		19		111
Other (1)	5		25		4		34
Recurring revenues	838		645		407		1,890
Non-recurring revenues	44		46		18		108
Total	$	882	$	691	$	425	$	1,998

(1) Includes some leasing and hedging activities.

Schedule of Adjusted EBITDA

We define adjusted EBITDA as net income excluding income tax expense, interest income, interest expense, other income or expense, gain or loss on debt extinguishment, depreciation, amortization, accretion, stock-based compensation expense, restructuring charges, impairment charges, transaction costs and gain or loss on asset sales as presented below (in millions):

	Three Months Ended March 31,
	2024		2023
Adjusted EBITDA:
Americas	$	409	$	405
EMEA	328		327
Asia-Pacific	255		213
Total adjusted EBITDA	992		945
Depreciation, amortization and accretion expense	(525)		(459)
Stock-based compensation expense	(101)		(99)
Transaction costs	(2)		(2)
Loss on asset sales	—		(1)
Interest income	24		19
Interest expense	(104)		(97)
Other income (expense)	(6)		8
Loss on debt extinguishment	(1)		—
Income before income taxes	$	277	$	314

Schedule of Segment Disclosures

We also provide the following segment disclosures related to our operations as follows (in millions):

	Three Months Ended March 31,
	2024		2023
Depreciation and amortization:
Americas	$	307	$	245
EMEA	132		124
Asia-Pacific	87		88
Total	$	526	$	457
Capital expenditures:
Americas	$	425	$	301
EMEA	191		146
Asia-Pacific	91		83
Total	$	707	$	530

Schedule of Segment Long-Lived Assets

Our long-lived assets, including property, plant and equipment, net and operating lease right-of-use assets, are located in the following geographic areas (in millions):

	March 31, 2024		December 31, 2023
Americas	$	8,722	$	8,611
EMEA	6,195		6,321
Asia-Pacific	3,594		3,669
Total property, plant and equipment, net	$	18,511	$	18,601
Americas	$	409	$	421
EMEA	353		368
Asia-Pacific	633		660
Total operating lease right-of-use assets	$	1,395	$	1,449