2024 Q1 Form 10-K Financial Statement

#000105350724000011 Filed on February 27, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $2.834B $2.787B $11.14B
YoY Change 2.42% 3.02% 4.04%
Cost Of Revenue $788.3M $811.4M $3.261B
YoY Change -2.21% 0.8% -0.1%
Gross Profit $2.046B $1.975B $7.884B
YoY Change 4.32% 3.96% 5.86%
Gross Profit Margin 72.19% 70.88% 70.74%
Selling, General & Admin $257.0M $252.3M $992.5M
YoY Change -2.61% 12.48% 2.08%
% of Gross Profit 12.56% 12.77% 12.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $549.4M $764.9M $1.500B
YoY Change -30.81% -6.11% -55.29%
% of Gross Profit 26.86% 38.72% 19.03%
Operating Expenses $809.2M $1.053B $992.5M
YoY Change 206.63% 4.78% -77.05%
Operating Profit $1.237B $921.9M $3.025B
YoY Change 59.44% 3.04% -3.16%
Interest Expense -$191.1M -$692.1M $1.398B
YoY Change -156.17% -26.12% -333.5%
% of Operating Profit -15.45% -75.07% 46.22%
Other Income/Expense, Net -$14.60M $10.40M -$1.504B
YoY Change -96.41% -175.36% 4540.74%
Pretax Income $1.031B $35.20M $1.521B
YoY Change 179.83% -104.64% -11.59%
Income Tax $109.2M $21.90M $154.2M
% Of Pretax Income 10.59% 62.22% 10.14%
Net Earnings $917.4M $84.90M $1.367B
YoY Change 191.24% -112.42% -22.58%
Net Earnings / Revenue 32.37% 3.05% 12.27%
Basic Earnings Per Share $1.97 $3.18
Diluted Earnings Per Share $1.96 $0.18 $3.18
COMMON SHARES
Basic Shares Outstanding 466.4M shares 466.2M shares 466.1M shares
Diluted Shares Outstanding 467.7M shares 467.2M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.389B $1.973B $1.973B
YoY Change 32.51% -2.72% -2.72%
Cash & Equivalents $2.389B $1.973B $1.973B
Short-Term Investments
Other Short-Term Assets $670.4M $1.067B $1.067B
YoY Change -28.81% 127.89% 127.89%
Inventory
Prepaid Expenses $98.90M $93.40M
Receivables $738.4M $669.7M $669.7M
Other Receivables $441.8M $0.00 $0.00
Total Short-Term Assets $4.240B $3.710B $3.710B
YoY Change 22.89% 2.42% 2.42%
LONG-TERM ASSETS
Property, Plant & Equipment $29.29B $28.67B $28.67B
YoY Change 1.73% -0.86% -0.86%
Goodwill $12.56B $12.64B
YoY Change -3.39% -2.45%
Intangibles $16.12B $16.52B
YoY Change -8.61% -8.13%
Long-Term Investments
YoY Change
Other Assets $3.758B $789.4M $3.701B
YoY Change 460.98% -75.08% 16.81%
Total Long-Term Assets $62.44B $62.32B $62.32B
YoY Change -1.46% -1.97% -1.97%
TOTAL ASSETS
Total Short-Term Assets $4.240B $3.710B $3.710B
Total Long-Term Assets $62.44B $62.32B $62.32B
Total Assets $66.68B $66.03B $66.03B
YoY Change -0.21% -1.74% -1.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $182.1M $258.7M $258.7M
YoY Change -11.6% -5.51% -5.51%
Accrued Expenses $2.132B $1.281B $2.462B
YoY Change 82.0% -42.16% 11.22%
Deferred Revenue $544.2M $434.7M
YoY Change -1.8% -1.14%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.068B $3.188B $3.188B
YoY Change -20.45% -29.39% -29.39%
Total Short-Term Liabilities $6.730B $7.249B $7.249B
YoY Change -10.65% -12.78% -12.78%
LONG-TERM LIABILITIES
Long-Term Debt $36.19B $35.73B $35.73B
YoY Change 4.34% 4.62% 4.62%
Other Long-Term Liabilities $11.70B $1.221B $10.82B
YoY Change 896.95% -88.73% -0.08%
Total Long-Term Liabilities $47.89B $1.221B $46.55B
YoY Change 3980.52% -97.29% 3.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.730B $7.249B $7.249B
Total Long-Term Liabilities $47.89B $1.221B $46.55B
Total Liabilities $62.63B $55.16B $61.83B
YoY Change 14.78% -10.48% 0.34%
SHAREHOLDERS EQUITY
Retained Earnings -$3.481B -$3.639B
YoY Change 39.44% 73.12%
Common Stock $4.800M $4.800M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.048B $4.198B $4.198B
YoY Change
Total Liabilities & Shareholders Equity $66.68B $66.03B $66.03B
YoY Change -0.21% -1.74% -1.74%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $917.4M $84.90M $1.367B
YoY Change 191.24% -112.42% -22.58%
Depreciation, Depletion And Amortization $549.4M $764.9M $1.500B
YoY Change -30.81% -6.11% -55.29%
Cash From Operating Activities $1.284B $1.142B $4.722B
YoY Change 19.91% -3.64% 27.76%
INVESTING ACTIVITIES
Capital Expenditures $396.7M $524.6M $1.798B
YoY Change -14.12% -20.3% -4.03%
Acquisitions $44.70M $168.0M
YoY Change -26.6% -69.4%
Other Investing Activities -$39.40M -$5.300M -$253.3M
YoY Change -83.78% -97.22% -47.4%
Cash From Investing Activities -$436.1M -$529.9M -$1.696B
YoY Change 57.55% -37.59% -28.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -390.2M -815.9M -$3.097B
YoY Change -61.47% 76.33% 117.64%
NET CHANGE
Cash From Operating Activities 1.284B 1.142B $4.722B
Cash From Investing Activities -436.1M -529.9M -$1.696B
Cash From Financing Activities -390.2M -815.9M -$3.097B
Net Change In Cash 457.3M -203.9M -$47.30M
YoY Change -312.4% 60.93% -42.46%
FREE CASH FLOW
Cash From Operating Activities $1.284B $1.142B $4.722B
Capital Expenditures $396.7M $524.6M $1.798B
Free Cash Flow $886.9M $617.3M $2.924B
YoY Change 45.73% 17.18% 60.45%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-202600000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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481900000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2140700000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2343300000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1861400000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2093400000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2140700000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2343300000 usd
CY2023 us-gaap Number Of Reportable Segments
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7 reportablesegment
CY2023 us-gaap Use Of Estimates
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<div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Significant Accounting Policies and Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates, and such differences could be material to the accompanying consolidated financial statements. The significant estimates in the accompanying consolidated financial statements include impairment of long-lived assets (including goodwill), revenue recognition, rent expense and lease accounting, income taxes and accounting for business combinations and acquisitions of assets. The Company considers events or transactions that occur after the balance sheet date but before the financial statements are issued as additional evidence for certain estimates or to identify matters that require additional disclosure.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accounts Receivable and Deferred Rent Asset</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—The Company derives the largest portion of its revenues and corresponding accounts receivable and the related deferred rent asset from a relatively small number of customers in the telecommunications industry, and 45% of its current-year revenues are derived from three customers. </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s deferred rent asset is associated with non-cancellable tenant leases that contain fixed escalation clauses over the terms of the applicable lease for which revenue is recognized on a straight-line basis over the lease term.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company mitigates its concentrations of credit risk with respect to notes and trade receivables and the related deferred rent assets by actively monitoring the creditworthiness of its borrowers and customers. In recognizing customer revenue, the Company assesses the collectibility of both the amounts billed and the portion recognized in advance of billing on a straight-line basis. This assessment takes customer credit risk and business and industry conditions into consideration to ultimately determine the collectibility of the amounts billed. To the extent the amounts, based on management’s estimates, may not be collectible, revenue recognition is deferred until such point as collectibility is determined to be reasonably assured. Any amounts that were previously recognized as revenue and are subsequently determined to present a risk of collection are reserved as bad debt expense included in Selling, general, administrative and development expense in the accompanying consolidated statements of operations.</span></div>Accounts receivable is reported net of allowances for doubtful accounts related to estimated losses resulting from a customer’s inability to make required payments and allowances for amounts invoiced whose collectibility is not reasonably assured. These allowances are generally estimated based on payment patterns, days past due and collection history, and incorporate changes in economic conditions that may not be reflected in historical trends, such as customers in bankruptcy, liquidation or reorganization. Receivables are written-off against the allowances or reserves when they are determined to be uncollectible. Such determination includes analysis and consideration of the particular conditions of the account.
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2023 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
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120600000 usd
CY2022 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
168200000 usd
CY2021 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
130900000 usd
CY2023 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
73200000 usd
CY2022 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
85400000 usd
CY2021 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
22600000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
486100000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
438700000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
355900000 usd
CY2023 amt Foreign Currency Transaction Gain Loss Reclassified As Aoci
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103900000 usd
CY2022 amt Foreign Currency Transaction Gain Loss Reclassified As Aoci
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CY2021 amt Foreign Currency Transaction Gain Loss Reclassified As Aoci
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CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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449400000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
557900000 usd
CY2023 amt Foreign Currency Transaction Gain Loss In Aoci And Income Statement
ForeignCurrencyTransactionGainLossInAOCIAndIncomeStatement
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CY2022 amt Foreign Currency Transaction Gain Loss In Aoci And Income Statement
ForeignCurrencyTransactionGainLossInAOCIAndIncomeStatement
112700000 usd
CY2021 amt Foreign Currency Transaction Gain Loss In Aoci And Income Statement
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91400000 usd
CY2023Q4 us-gaap Foreign Currency Exchange Rate Remeasurement1
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11.95
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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1973300000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2028400000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2140700000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2343300000 usd
CY2023 amt Capitalized Labor Costs
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64400000 usd
CY2022 amt Capitalized Labor Costs
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65200000 usd
CY2021 amt Capitalized Labor Costs
CapitalizedLaborCosts
59400000 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
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322000000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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855000000.0 usd
CY2023 amt Straight Line Revenue
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CY2022 amt Straight Line Revenue
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CY2021 amt Straight Line Revenue
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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756700000 usd
CY2022 us-gaap Operating Lease Lease Income
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CY2022 us-gaap Revenues
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10711100000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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717200000 usd
CY2021 us-gaap Operating Lease Lease Income
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CY2021 us-gaap Revenues
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CY2023 us-gaap Contract With Customer Liability Revenue Recognized
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CY2023 amt Straight Line Ground Rent Expense
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30200000 usd
CY2022 amt Straight Line Ground Rent Expense
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CY2021 amt Straight Line Ground Rent Expense
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CY2023 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
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1
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1
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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1
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0.05
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0.05
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
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0.05
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CY2021 us-gaap Defined Contribution Plan Cost Recognized
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CY2023Q4 us-gaap Prepaid Taxes
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CY2022Q4 us-gaap Prepaid Taxes
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CY2023Q4 us-gaap Value Added Tax Receivable
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CY2022Q4 us-gaap Value Added Tax Receivable
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CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
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CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
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CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
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CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
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CY2023 us-gaap Depreciation
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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1000000000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
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CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
146800000 usd
CY2023Q4 amt Numberof Tenants
NumberofTenants
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CY2023 amt Amortization Of Lease Incentive Period
AmortizationOfLeaseIncentivePeriod
P10Y
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
8233100000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
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CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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7191700000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
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CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
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CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
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CY2023 amt Lessee Operating Lease Number Of Renewal Options
LesseeOperatingLeaseNumberOfRenewalOptions
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CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q4 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2023Q4 us-gaap Operating Lease Liability
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8233300000 usd
CY2022Q4 us-gaap Operating Lease Liability
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CY2023Q4 us-gaap Finance Lease Liability Current
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3400000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
4700000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
17200000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
23100000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
20600000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
27800000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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0.058
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.053
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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FinanceLeaseWeightedAverageDiscountRatePercent
0.074
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.069
CY2023 us-gaap Operating Lease Cost
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1249700000 usd
CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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1115100000 usd
CY2023 us-gaap Variable Lease Payment
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CY2022 us-gaap Variable Lease Payment
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CY2021 us-gaap Variable Lease Payment
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CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1200000 usd
CY2023 us-gaap Operating Lease Payments
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CY2022 us-gaap Operating Lease Payments
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1228100000 usd
CY2021 us-gaap Operating Lease Payments
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CY2023 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2023 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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CY2021 us-gaap Finance Lease Principal Payments
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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402400000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023 amt Non Cash Operating And Financing Lease Modifications
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405900000 usd
CY2022 amt Non Cash Operating And Financing Lease Modifications
NonCashOperatingAndFinancingLeaseModifications
80500000 usd
CY2021 amt Non Cash Operating And Financing Lease Modifications
NonCashOperatingAndFinancingLeaseModifications
96000000.0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1204800000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1098700000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
4000000.0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1044200000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3000000.0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
981500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2200000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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917800000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6029300000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
21400000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11276300000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
37200000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3043000000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
16600000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
8233300000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
20600000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
794600000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3400000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7438700000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
17200000 usd
CY2021Q4 us-gaap Goodwill
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13350100000 usd
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-71700000 usd
CY2022 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-7400000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-314300000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
12956700000 usd
CY2023 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-20700000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
402000000.0 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
105000000.0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
12639000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
26437100000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9916400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16520700000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
26772300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8789000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17983300000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1400000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
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CY2023Q4 amt Deferred Tax Asset Nondeductible Expense Interest Amount
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CY2023Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2023Q4 us-gaap Unrecognized Tax Benefits
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2023 amt Unrecognized Tax Benefits Reduction Resultingfrom Lapseof Applicable Statueof Limitationsand Effective Settlements
UnrecognizedTaxBenefitsReductionResultingfromLapseofApplicableStatueofLimitationsandEffectiveSettlements
15500000 usd
CY2022 amt Unrecognized Tax Benefits Reduction Resultingfrom Lapseof Applicable Statueof Limitationsand Effective Settlements
UnrecognizedTaxBenefitsReductionResultingfromLapseofApplicableStatueofLimitationsandEffectiveSettlements
23100000 usd
CY2021 amt Unrecognized Tax Benefits Reduction Resultingfrom Lapseof Applicable Statueof Limitationsand Effective Settlements
UnrecognizedTaxBenefitsReductionResultingfromLapseofApplicableStatueofLimitationsandEffectiveSettlements
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CY2022 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
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CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2023 amt Unrecognized Tax Benefits Decrease In Income Tax Penalties And Interest Expense Resulting From Expiration Of Applicable Statute Of Limitations
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CY2021 amt Unrecognized Tax Benefits Decrease In Income Tax Penalties And Interest Expense Resulting From Expiration Of Applicable Statute Of Limitations
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CY2023Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
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CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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34300000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2023Q4 amt Accrued Dividend Rsu
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CY2022Q4 amt Accrued Dividend Rsu
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CY2023 amt Paid Dividend Rsu
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CY2022 amt Asset Impairment Charges Included In Other Operating Expense
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CY2021 us-gaap Gain Loss On Sale Of Other Assets
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CY2022 amt Other Operating Expenses
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CY2022 us-gaap Other Asset Impairment Charges
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CY2021 us-gaap Other Asset Impairment Charges
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CY2023 amt Asset Impairment Charges Included In Other Operating Expense
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CY2022 amt Asset Impairment Charges Included In Other Operating Expense
AssetImpairmentChargesIncludedInOtherOperatingExpense
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CY2021 us-gaap Goodwill Impairment Loss
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CY2022 us-gaap Asset Impairment Charges
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CY2021 us-gaap Asset Impairment Charges
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CY2023 us-gaap Severance Costs1
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CY2023 us-gaap Severance Costs1
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Income Taxes Paid Net
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CapitalLeaseObligationsIncurred
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CY2023 amt Fair Value Of Debt Assumed Through Acquisitions
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CY2021 amt Fair Value Of Debt Assumed Through Acquisitions
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CY2023 us-gaap Notes Reduction
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CY2022 us-gaap Notes Reduction
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CY2021 us-gaap Notes Reduction
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CY2022 amt Stock Issued Replacement Award Purchase Consideration
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CY2021 amt Stock Issued Replacement Award Purchase Consideration
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CY2021 us-gaap Share Based Compensation
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CY2021 amt Asset Impairment Charges Included In Other Operating Expense
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CY2021 amt Finance Lease Payments Financing Activities
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CY2023Q4 us-gaap Assets
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CY2022 us-gaap Revenues
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CY2023Q4 us-gaap Noncurrent Assets
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CY2022Q4 us-gaap Real Estate Gross At Carrying Value
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CY2021Q4 us-gaap Real Estate Gross At Carrying Value
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CY2020Q4 us-gaap Real Estate Gross At Carrying Value
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CY2023 us-gaap Real Estate Other Acquisitions
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CY2021 us-gaap Real Estate Other Acquisitions
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CY2023 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Discretionary Capital Project Amount
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CY2022 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Discretionary Capital Project Amount
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateDiscretionaryCapitalProjectAmount
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CY2021 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Discretionary Capital Project Amount
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CY2023 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Discretionary Ground Lease Purchases
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126000000.0 usd
CY2022 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Discretionary Ground Lease Purchases
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateDiscretionaryGroundLeasePurchases
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CY2021 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Discretionary Ground Lease Purchases
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateDiscretionaryGroundLeasePurchases
242700000 usd
CY2023 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Redevelopment Capital Expenditures
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateRedevelopmentCapitalExpenditures
451500000 usd
CY2022 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Redevelopment Capital Expenditures
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateRedevelopmentCapitalExpenditures
335900000 usd
CY2021 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Redevelopment Capital Expenditures
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateRedevelopmentCapitalExpenditures
203600000 usd
CY2023 us-gaap Real Estate Improvements
RealEstateImprovements
192700000 usd
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
155400000 usd
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
92500000 usd
CY2023 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Start Up Capital Expenditures
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateStartUpCapitalExpenditures
136700000 usd
CY2022 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Start Up Capital Expenditures
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateStartUpCapitalExpenditures
227000000.0 usd
CY2021 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Start Up Capital Expenditures
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateStartUpCapitalExpenditures
184600000 usd
CY2023 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Other Addition Net Of Adjustments
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateOtherAdditionNetOfAdjustments
-11600000 usd
CY2022 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Other Addition Net Of Adjustments
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateOtherAdditionNetOfAdjustments
1672600000 usd
CY2021 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Other Addition Net Of Adjustments
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateOtherAdditionNetOfAdjustments
51200000 usd
CY2023 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Period Additions To Cost
SECSchedule1228RealEstateCompaniesInvestmentInRealEstatePeriodAdditionsToCost
1860700000 usd
CY2022 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Period Additions To Cost
SECSchedule1228RealEstateCompaniesInvestmentInRealEstatePeriodAdditionsToCost
3579000000 usd
CY2021 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Period Additions To Cost
SECSchedule1228RealEstateCompaniesInvestmentInRealEstatePeriodAdditionsToCost
6183400000 usd
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
202800000 usd
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
257600000 usd
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
263700000 usd
CY2023 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
479600000 usd
CY2022 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
209400000 usd
CY2021 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
463700000 usd
CY2023 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Period Deductions To Cost
SECSchedule1228RealEstateCompaniesInvestmentInRealEstatePeriodDeductionsToCost
682400000 usd
CY2022 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Period Deductions To Cost
SECSchedule1228RealEstateCompaniesInvestmentInRealEstatePeriodDeductionsToCost
467000000.0 usd
CY2021 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Period Deductions To Cost
SECSchedule1228RealEstateCompaniesInvestmentInRealEstatePeriodDeductionsToCost
727400000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
28239200000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
27060900000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
23948900000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
8669500000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
7548100000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
6921000000 usd
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
1353500000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
1373300000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
863800000 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Other Additions
RealEstateAccumulatedDepreciationOtherAdditions
0 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Other Additions
RealEstateAccumulatedDepreciationOtherAdditions
0 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Other Additions
RealEstateAccumulatedDepreciationOtherAdditions
0 usd
CY2023 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Additions To Accumulated Depreciation
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAdditionsToAccumulatedDepreciation
1353500000 usd
CY2022 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Additions To Accumulated Depreciation
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAdditionsToAccumulatedDepreciation
1373300000 usd
CY2021 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Additions To Accumulated Depreciation
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAdditionsToAccumulatedDepreciation
863800000 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
89000000.0 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
128900000 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
142400000 usd
CY2023 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
113400000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
123000000.0 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
94300000 usd
CY2023 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Deductions To Accumulated Depreciation
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateDeductionsToAccumulatedDepreciation
202400000 usd
CY2022 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Deductions To Accumulated Depreciation
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateDeductionsToAccumulatedDepreciation
251900000 usd
CY2021 amt Sec Schedule1228 Real Estate Companies Investment In Real Estate Deductions To Accumulated Depreciation
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateDeductionsToAccumulatedDepreciation
236700000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
9820600000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
8669500000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
7548100000 usd

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