v3.26.3
BUSINESS SEGMENTS (Tables)
9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Summarized Financial Information Concerning the Company's Reportable Segments
Summarized financial information concerning the Company’s reportable segments for the three and nine months ended September 30, 2026 and 2025 is shown in the following tables. The “Other” column (i) represents amounts excluded from specific segments, such as business development operations, stock-based compensation expense and corporate expenses included in Selling, general, administrative and development expense; Other operating expenses; Interest income; Interest expense; Gain (loss) on retirement of long-term obligations; and Other income (expense), and (ii) reconciles segment operating profit to Income from continuing operations before income taxes.
PropertyTotal 
Property

Services
OtherTotal
Three Months Ended September 30, 2026U.S. & CanadaAfrica & APACEuropeLatin AmericaData Centers
Segment revenues$1,275.2 $427.9 $257.9 $460.0 $313.0 $2,734.0 $51.4 $2,785.4 
Segment operating expenses224.7 151.7 95.8 133.3 119.4 724.9 32.0 756.9 
Segment gross margin1,050.5 276.2 162.1 326.7 193.6 2,009.1 19.4 2,028.5 
Segment selling, general, administrative and development expense (1)40.7 20.4 15.6 24.6 28.5 129.8 6.2 136.0 
Segment operating profit$1,009.8 $255.8 $146.5 $302.1 $165.1 $1,879.3 $13.2 $1,892.5 
Stock-based compensation expense$31.5 31.5 
Other selling, general, administrative and development expense60.7 60.7 
Depreciation, amortization and accretion519.4 519.4 
Other expense (2)382.5 382.5 
Income from continuing operations before income taxes $898.4 
_______________
(1)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $31.5 million.
(2)Primarily includes interest expense and an unrealized loss from equity securities of $71.5 million, partially offset by gains from foreign currency exchange rate fluctuations.
PropertyTotal 
Property

Services
OtherTotal
Three Months Ended September 30, 2025U.S. & CanadaAfrica & APACEuropeLatin AmericaData Centers
Segment revenues$1,318.8 $370.8 $243.6 $416.5 $266.6 $2,616.3 $101.1 $2,717.4 
Segment operating expenses217.4 114.1 89.3 132.3 103.9 657.0 53.8 710.8 
Segment gross margin1,101.4 256.7 154.3 284.2 162.7 1,959.3 47.3 2,006.6 
Segment selling, general, administrative and development expense (1)41.2 18.5 16.8 28.7 22.7 127.9 6.2 134.1 
Segment operating profit$1,060.2 $238.2 $137.5 $255.5 $140.0 $1,831.4 $41.1 $1,872.5 
Stock-based compensation expense$41.9 41.9 
Other selling, general, administrative and development expense57.0 57.0 
Depreciation, amortization and accretion522.9 522.9 
Other expense (2)300.7 300.7 
Income from continuing operations before income taxes $950.0 
_______________
(1)    Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $41.9 million.
(2)    Primarily includes interest expense, partially offset by gains from foreign currency exchange rate fluctuations and an unrealized gain from equity     securities of $10.9 million.
PropertyTotal 
Property

Services
OtherTotal
Nine Months Ended September 30, 2026U.S. & CanadaAfrica & APACEuropeLatin AmericaData Centers
Segment revenues$3,811.2 $1,221.8 $778.0 $1,381.7 $899.0 $8,091.7 $180.3 $8,272.0 
Segment operating expenses651.4 418.6 284.4 397.9 345.3 2,097.6 103.9 2,201.5 
Segment gross margin3,159.8 803.2 493.6 983.8 553.7 5,994.1 76.4 6,070.5 
Segment selling, general, administrative and development expense (1)120.9 61.3 48.8 78.4 79.7 389.1 17.2 406.3 
Segment operating profit$3,038.9 $741.9 $444.8 $905.4 $474.0 $5,605.0 $59.2 $5,664.2 
Stock-based compensation expense$124.1 124.1 
Other selling, general, administrative and development expense189.0 189.0 
Depreciation, amortization and accretion1,552.0 1,552.0 
Other expense (2)873.3 873.3 
Income from continuing operations before income taxes $2,925.8 
Total assets$26,272.2 $4,376.9 $12,536.7 $8,721.9 $10,809.2 $62,716.9 $52.8 $210.6 $62,980.3 
Capital expenditures$243.7 $114.2 $218.3 $111.0 $496.0 $1,183.2 $— $12.0 $1,195.2 
_______________
(1)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $124.1 million.
(2)Primarily includes interest expense and an unrealized loss from equity securities of $35.1 million, partially offset by gains from foreign currency exchange rate fluctuations and a net gain on the sales of the Company’s APAC operations of $20.4 million.

PropertyTotal 
Property

Services
OtherTotal
Nine Months Ended September 30, 2025U.S. & CanadaAfrica & APACEuropeLatin AmericaData Centers
Segment revenues$3,924.2 $1,040.7 $689.3 $1,205.1 $772.6 $7,631.9 $275.2 $7,907.1 
Segment operating expenses641.9 317.9 251.9 379.4 306.1 1,897.2 136.8 2,034.0 
Segment gross margin3,282.3 722.8 437.4 825.7 466.5 5,734.7 138.4 5,873.1 
Segment selling, general, administrative and development expense (1)121.8 57.5 47.2 76.8 64.7 368.0 19.1 387.1 
Segment operating profit$3,160.5 $665.3 $390.2 $748.9 $401.8 $5,366.7 $119.3 $5,486.0 
Stock-based compensation expense$142.6 142.6 
Other selling, general, administrative and development expense174.5 174.5 
Depreciation, amortization and accretion1,525.7 1,525.7 
Other expense (2)1,563.9 1,563.9 
Income from continuing operations before income taxes $2,079.3 
Total assets$26,927.5 $4,455.6 $12,904.7 $8,553.2 $10,728.1 $63,569.1 $147.8 $171.8 $63,888.7 
Capital expenditures$256.1 $151.7 $196.4 $97.7 $417.2 $1,119.1 $— $9.7 $1,128.8 
_______________
(1)Segment selling, general, administrative and development expenses exclude stock-based compensation expense of $142.6 million.
(2)Primarily includes interest expense and losses from foreign currency exchange rate fluctuations, partially offset by an unrealized gain from equity securities of $129.2 million and a gain on the sale of South Africa Fiber of $53.6 million.