XML 57 R45.htm IDEA: XBRL DOCUMENT v3.25.2
Debt - March 2024 Refinancing Transactions (Details) - USD ($)
3 Months Ended 6 Months Ended
Mar. 12, 2024
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Apr. 16, 2024
Mar. 26, 2024
Feb. 09, 2021
Dec. 01, 2020
Debt Instrument [Line Items]                      
Gain on debt extinguishment, net of debt modification costs   $ 0 $ 72,500,000   $ 0 $ 129,200,000          
Senior notes                      
Debt Instrument [Line Items]                      
Debt instrument, percent of total debt 64.00%                    
Line of credit | Revolving Credit Facility                      
Debt Instrument [Line Items]                      
Maximum borrowing capacity   $ 375,000,000.0     $ 375,000,000.0            
3.50% Senior Secured Notes | Senior notes                      
Debt Instrument [Line Items]                      
Interest rate 3.50% 3.50%     3.50%   3.50%     3.50%  
Debt instrument, percent of total debt 91.00%                    
Debt instrument, aggregate principal amount subject to repurchase under tender offer $ 331,400,000             $ 138,400,000      
Aggregate principal amount                   $ 550,000,000.0  
Term Loan Facility | Term loan facility                      
Debt Instrument [Line Items]                      
Debt instrument, percent of total debt 72.00%                    
Debt instrument, aggregate principal amount subject to repurchase under tender offer $ 1,588,800,000               $ 529,900,000    
Aggregate principal amount                   $ 2,300,000,000  
3.50% FLSO Senior Secured Notes | Senior notes                      
Debt Instrument [Line Items]                      
Interest rate 3.50% 3.50%     3.50%   3.50%        
Aggregate principal amount $ 267,300,000             $ 96,900,000      
Principal amount repurchased and surrendered for cancellation     45,700,000     45,700,000          
Gain on debt extinguishment, net of debt modification costs     33,000,000     33,000,000          
3.50% FLSO Senior Secured Notes | Term loan facility                      
Debt Instrument [Line Items]                      
Debt instrument, unamortized premium     39,100,000     39,100,000          
Gain on debt extinguishment, net of debt modification costs     23,300,000 $ 56,700,000              
Debt issuance cost $ 28,400,000   3,300,000     3,300,000          
FLSO Term Loan Facility | Senior notes                      
Debt Instrument [Line Items]                      
Interest rate 3.50%                    
FLSO Term Loan Facility | Term loan facility                      
Debt Instrument [Line Items]                      
Aggregate principal amount $ 1,687,200,000                    
Principal amount repurchased and surrendered for cancellation     19,300,000     19,300,000          
Gain on debt extinguishment, net of debt modification costs     14,100,000     14,100,000          
FLSO Term Loan Facility | Term loan facility | Rackspace Finance LLC                      
Debt Instrument [Line Items]                      
Aggregate principal amount 1,312,000,000                    
FLSO Term Loan Facility | Term loan facility | New Borrower                      
Debt Instrument [Line Items]                      
Aggregate principal amount                 $ 375,100,000    
FLFO Term Loan Facility | Senior notes                      
Debt Instrument [Line Items]                      
Aggregate principal amount 275,000,000                    
FLFO Term Loan Facility | Term loan facility                      
Debt Instrument [Line Items]                      
Aggregate principal amount 275,000,000                    
5.375% Senior Notes | Senior notes                      
Debt Instrument [Line Items]                      
Interest rate   5.375%     5.375%   5.375%       5.375%
Aggregate principal amount                     $ 550,000,000.0
Principal amount repurchased and surrendered for cancellation     2,900,000     2,900,000          
Gain on debt extinguishment, net of debt modification costs     $ 2,100,000     $ 2,100,000          
5.375% Senior Notes | Senior notes | Private Exchange                      
Debt Instrument [Line Items]                      
Principal amount repurchased and surrendered for cancellation 69,300,000                    
New Revolving Credit Facility | Line of credit | Revolving Credit Facility                      
Debt Instrument [Line Items]                      
Maximum borrowing capacity $ 375,000,000 $ 375,000,000     $ 375,000,000