$RXT
Rackspace Technology, Inc. Stock $rxt

$rxt Overview Financials Valuation SEC Filings Company Website

2021 Q2 Form 10-Q Financial Statement

#000181001921000135 Filed on August 11, 2021

Income Statement

Concept	2021 Q2	2020 Q2	2020 Q1
Revenue	$743.8M	$656.5M	$652.7M
YoY Change	13.3%	8.98%	7.55%
Cost Of Revenue	$508.3M	$414.6M	$403.4M
YoY Change	22.6%	18.36%	13.31%
Gross Profit	$235.5M	$241.9M	$249.3M
YoY Change	-2.65%	-4.05%	-0.64%
Gross Profit Margin	31.66%	36.85%	38.2%
Selling, General & Admin	$232.6M	$219.2M	$227.8M
YoY Change	6.11%	-3.22%	-1.68%
% of Gross Profit	98.77%	90.62%	91.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$107.8M	$116.3M	$121.3M
YoY Change	-7.31%		-9.21%
% of Gross Profit	45.77%	48.08%	48.66%
Operating Expenses	$232.6M	$219.2M	$227.8M
YoY Change	6.11%	-3.22%	-1.68%
Operating Profit	$2.900M	$22.70M	$21.50M
YoY Change	-87.22%	-11.33%	11.98%
Interest Expense	$50.50M	$68.90M	$72.00M
YoY Change	-26.71%	-31.65%	-180.99%
% of Operating Profit	1741.38%	303.52%	334.88%
Other Income/Expense, Net	-$50.30M	-$67.60M	-$72.70M
YoY Change	-25.59%	-237.4%	1717.5%
Pretax Income	-$47.40M	-$44.90M	-$51.20M
YoY Change	5.57%	-160.03%	-23.7%
Income Tax	-$10.80M	-$12.30M	-$3.000M
% Of Pretax Income
Net Earnings	-$36.60M	-$32.60M	-$48.20M
YoY Change	12.27%	-152.16%	-16.17%
Net Earnings / Revenue	-4.92%	-4.97%	-7.38%
Basic Earnings Per Share	-$0.18	-$0.20
Diluted Earnings Per Share	-$0.18	-$0.20	-$242.1K
COMMON SHARES
Basic Shares Outstanding	207.9M shares	165.5M shares	165.4M shares
Diluted Shares Outstanding	207.9M shares	165.5M shares

Balance Sheet

Concept	2021 Q2	2020 Q2	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$214.8M	$161.4M	$125.2M
YoY Change	33.09%
Cash & Equivalents	$214.8M	$161.4M	$125.2M
Short-Term Investments
Other Short-Term Assets	$75.30M	$40.20M	$97.50M
YoY Change	87.31%
Inventory
Prepaid Expenses	$94.00M	$64.00M
Receivables	$501.1M	$385.5M	$391.2M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$885.2M	$651.1M	$613.9M
YoY Change	35.95%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.043B	$1.082B	$1.015B
YoY Change	-3.55%
Goodwill	$2.766B	$2.733B
YoY Change	1.2%
Intangibles	$1.554B	$1.726B
YoY Change	-9.99%
Long-Term Investments
YoY Change
Other Assets	$164.2M	$121.5M	$117.9M
YoY Change	35.14%
Total Long-Term Assets	$5.527B	$5.663B	$5.640B
YoY Change	-2.39%
TOTAL ASSETS
Total Short-Term Assets	$885.2M	$651.1M	$613.9M
Total Long-Term Assets	$5.527B	$5.663B	$5.640B
Total Assets	$6.412B	$6.314B	$6.254B
YoY Change	1.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$324.4M	$262.5M	$280.7M
YoY Change	23.58%
Accrued Expenses	$178.8M	$189.2M	$195.0M
YoY Change	-5.5%
Deferred Revenue	$93.00M	$60.00M
YoY Change	55.0%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$23.00M	$29.00M	$84.70M
YoY Change	-20.69%
Total Short-Term Liabilities	$789.3M	$674.0M	$687.4M
YoY Change	17.11%
LONG-TERM LIABILITIES
Long-Term Debt	$3.319B	$3.903B	$3.991B
YoY Change	-14.97%
Other Long-Term Liabilities	$156.9M	$150.0M	$473.5M
YoY Change	4.6%
Total Long-Term Liabilities	$3.476B	$4.053B	$4.465B
YoY Change	-14.25%
TOTAL LIABILITIES
Total Short-Term Liabilities	$789.3M	$674.0M	$687.4M
Total Long-Term Liabilities	$3.476B	$4.053B	$4.465B
Total Liabilities	$5.030B	$5.545B	$5.457B
YoY Change	-9.29%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.064B	-$798.3M
YoY Change	33.27%
Common Stock	$2.100M	$1.600M
YoY Change	31.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.383B	$768.8M	$796.6M
YoY Change
Total Liabilities & Shareholders Equity	$6.412B	$6.314B	$6.254B
YoY Change	1.56%

Cashflow Statement

Concept	2021 Q2	2020 Q2	2020 Q1
OPERATING ACTIVITIES
Net Income	-$36.60M	-$32.60M	-$48.20M
YoY Change	12.27%	-152.16%	-16.17%
Depreciation, Depletion And Amortization	$107.8M	$116.3M	$121.3M
YoY Change	-7.31%		-9.21%
Cash From Operating Activities	$105.7M	$74.00M	$24.80M
YoY Change	42.84%		7.36%
INVESTING ACTIVITIES
Capital Expenditures	-$29.10M	-$32.00M	$34.40M
YoY Change	-9.06%		-156.39%
Acquisitions
YoY Change
Other Investing Activities	$1.700M	$1.600M	-$2.000M
YoY Change	6.25%		-111.63%
Cash From Investing Activities	-$27.40M	-$30.40M	-$32.40M
YoY Change	-9.87%		-26.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net			$252.2M
YoY Change
Cash From Financing Activities	-62.30M	-7.300M	$50.60M
YoY Change	753.42%		-222.52%
NET CHANGE
Cash From Operating Activities	105.7M	74.00M	$24.80M
Cash From Investing Activities	-27.40M	-30.40M	-$32.40M
Cash From Financing Activities	-62.30M	-7.300M	$50.60M
Net Change In Cash	16.00M	36.30M	$41.40M
YoY Change	-55.92%		-166.77%
FREE CASH FLOW
Cash From Operating Activities	$105.7M	$74.00M	$24.80M
Capital Expenditures	-$29.10M	-$32.00M	$34.40M
Free Cash Flow	$134.8M	$106.0M	-$9.600M
YoY Change	27.17%		-111.41%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2021-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity Central Index Key EntityCentralIndexKey	0001810019
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Amendment Flag AmendmentFlag	false
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CY2021Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
	dei	Entity File Number EntityFileNumber	001-39420
	dei	Entity Registrant Name EntityRegistrantName	RACKSPACE TECHNOLOGY, INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	81-3369925
	dei	Entity Address Address Line1 EntityAddressAddressLine1	1 Fanatical Place
	dei	Entity Address Address Line2 EntityAddressAddressLine2	City of Windcrest
	dei	Entity Address City Or Town EntityAddressCityOrTown	San Antonio
	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	78218
	dei	City Area Code CityAreaCode	210
	dei	Local Phone Number LocalPhoneNumber	312-4000
	dei	Security12b Title Security12bTitle	Common stock, par value $0.01 per share
	dei	Trading Symbol TradingSymbol	RXT
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	false
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
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CY2020Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	-6800000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	-6000000.0	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	-47500000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	3400000	USD
CY2020Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-1700000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-4500000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-1300000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-8500000	USD
CY2020Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-4200000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	1200000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-65700000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	17600000	USD
CY2020Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-36800000	USD
CY2021Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-35400000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-146500000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-83000000.0	USD
CY2020Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.20
CY2020Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.20
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.18
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.18
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.49
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.49
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.49
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.49
CY2020Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	165500000	shares
CY2020Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	165500000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	207900000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	207900000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	165400000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	165400000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	206200000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	206200000	shares
	us-gaap	Net Income Loss NetIncomeLoss	-80800000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-100600000	USD
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	237600000	USD
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	216300000	USD
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	36300000	USD
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	36000000.0	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-19200000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-23100000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	16600000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	37600000	USD
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	0	USD
	us-gaap	Gain Loss On Sale Of Properties GainLossOnSaleOfProperties	19900000	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-37500000	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	2700000	USD
	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-10800000	USD
	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	900000	USD
	us-gaap	Gain Loss On Sale Of Investments GainLossOnSaleOfInvestments	-3600000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	10100000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-8000000.0	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	9400000	USD
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	4800000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	1800000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	600000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	47100000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	8900000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-2900000	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-11500000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-31800000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	19100000	USD
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-9000000.0	USD
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	16500000	USD
	rxt	Increase Decrease In Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities	-33700000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	-12900000	USD
	rxt	Increase Decrease In Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities	-31900000	USD
	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	-8200000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	98800000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	208900000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	66400000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	66000000.0	USD
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	0	USD
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	31300000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-3600000	USD
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-3000000.0	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-62800000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-31700000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	500000	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	0	USD
	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	43900000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	600000	USD
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	310000000.0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	2838500000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	259500000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2866400000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1000000.0	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	34500000	USD
	us-gaap	Payments For Derivative Instrument Financing Activities PaymentsForDerivativeInstrumentFinancingActivities	0	USD
	us-gaap	Payments For Derivative Instrument Financing Activities PaymentsForDerivativeInstrumentFinancingActivities	4300000	USD
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	7100000	USD
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	21400000	USD
	rxt	Proceeds From Financing Obligations ProceedsFromFinancingObligations	20900000	USD
	rxt	Proceeds From Financing Obligations ProceedsFromFinancingObligations	0	USD
	rxt	Repayments Of Financing Obligations RepaymentsOfFinancingObligations	19900000	USD
	rxt	Repayments Of Financing Obligations RepaymentsOfFinancingObligations	22600000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	43300000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-66800000	USD
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-1700000	USD
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-400000	USD
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	77600000	USD
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	110000000.0	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	87100000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	108100000	USD
CY2020Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	164700000	USD
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	218100000	USD
	us-gaap	Interest Paid Net InterestPaidNet	131400000	USD
	us-gaap	Interest Paid Net InterestPaidNet	90600000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	8100000	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	6500000	USD
	rxt	Capital Expenditures Acquired By Finance Leases CapitalExpendituresAcquiredByFinanceLeases	42500000	USD
	rxt	Capital Expenditures Acquired By Finance Leases CapitalExpendituresAcquiredByFinanceLeases	38400000	USD
	rxt	Capital Expenditures Acquired By Financing Obligations CapitalExpendituresAcquiredByFinancingObligations	19900000	USD
	rxt	Capital Expenditures Acquired By Financing Obligations CapitalExpendituresAcquiredByFinancingObligations	40100000	USD
	rxt	Increase Decrease In Accrued Liabilities For Capital Expenditures IncreaseDecreaseInAccruedLiabilitiesForCapitalExpenditures	-2600000	USD
	rxt	Increase Decrease In Accrued Liabilities For Capital Expenditures IncreaseDecreaseInAccruedLiabilitiesForCapitalExpenditures	-3700000	USD
	rxt	Noncash Purchase Of Capital Expenditures NoncashPurchaseOfCapitalExpenditures	59800000	USD
	rxt	Noncash Purchase Of Capital Expenditures NoncashPurchaseOfCapitalExpenditures	74800000	USD
	rxt	Non Cash Increase In Buildings Within Property Equipment Net And Software Due To Lease Modification NonCashIncreaseInBuildingsWithinPropertyEquipmentNetAndSoftwareDueToLeaseModification	220300000	USD
	rxt	Non Cash Increase In Buildings Within Property Equipment Net And Software Due To Lease Modification NonCashIncreaseInBuildingsWithinPropertyEquipmentNetAndSoftwareDueToLeaseModification	0	USD
	rxt	Other Non Cash Investing And Financing Activities OtherNonCashInvestingAndFinancingActivities	2300000	USD
	rxt	Other Non Cash Investing And Financing Activities OtherNonCashInvestingAndFinancingActivities	300000	USD
CY2020Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	161400000	USD
CY2021Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	214800000	USD
CY2020Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	3300000	USD
CY2021Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	3300000	USD
CY2020Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	164700000	USD
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	218100000	USD
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	796600000	USD
CY2020Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-100000	USD
CY2020Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9100000	USD
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	-32600000	USD
CY2020Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-4200000	USD
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	768800000	USD
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	898800000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-100000	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	16600000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-80800000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-65700000	USD
CY2020Q2	us-gaap	Stockholders Equity StockholdersEquity	768800000	USD
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	1375200000	USD
CY2021Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	16000000.0	USD
CY2021Q2	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	6300000	USD
CY2021Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	20400000	USD
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-36600000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	1200000	USD
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	1382500000	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	1383700000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	37900000	USD
	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	6300000	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	37600000	USD
	us-gaap	Net Income Loss NetIncomeLoss	-100600000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	17600000	USD
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	1382500000	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses, and related disclosures of contingent assets and liabilities in the consolidated financial statements and accompanying notes. On an ongoing basis, we evaluate our estimates, including those related to the allowance for doubtful accounts, useful lives of property, equipment and software, software capitalization, incremental borrowing rates for lease liability measurement, fair values of intangible assets and reporting units, useful lives of intangible assets, share-based compensation, contingencies, and income taxes, among others. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from our estimates.</span></div>Change in Accounting EstimateIn March 2021, we completed an assessment of the useful lives of certain assets within the Computers and equipment asset class. The timing of this review was based on a combination of factors accumulating over time that provided the company with updated information to make a better estimate on the economic lives of certain property and equipment. These factors included changes in customer purchasing patterns, technological advancements and the availability of extended equipment warranties. The assessment resulted in a revision within our policy ranges for certain useful lives in this asset class. This change in accounting estimate was effective in the first quarter of 2021.
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div style="text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Certain reclassifications have been made to the prior period consolidated financial statements to conform to the current period presentation. Specifically, the current portion of "Finance lease liabilities" is now presented separately from "Other current liabilities" in the Consolidated Balance Sheets.</span></div>
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	483000000.0	USD
CY2021Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	501100000	USD
CY2020Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	12200000	USD
CY2021Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	15300000	USD
CY2020Q4	us-gaap	Contract With Customer Asset Net Noncurrent ContractWithCustomerAssetNetNoncurrent	13900000	USD
CY2021Q2	us-gaap	Contract With Customer Asset Net Noncurrent ContractWithCustomerAssetNetNoncurrent	10500000	USD
CY2020Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	76700000	USD
CY2021Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	93000000.0	USD
CY2020Q4	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	14200000	USD
CY2021Q2	us-gaap	Contract With Customer Liability Noncurrent ContractWithCustomerLiabilityNoncurrent	14600000	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	28300000	USD
CY2021Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	16000000.0	USD
CY2020Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	29100000	USD
CY2021Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	25200000	USD
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	46900000	USD
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	46100000	USD
CY2021Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	801300000	USD
CY2021Q2	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.38
CY2021Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-36600000	USD
CY2020Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-32600000	USD
CY2020Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-32600000	USD
CY2021Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-36600000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-80800000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-80800000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-100600000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-100600000	USD
CY2020Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	165500000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	207900000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	165400000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	206200000	shares
CY2020Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	165500000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	206200000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	206200000	shares
CY2020Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.20
CY2020Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	165500000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	207900000	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	207900000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	165400000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	165400000	shares
CY2020Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.20
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.18
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.18
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.49
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.49
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.49
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.49
CY2020Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	25400000	shares
CY2021Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	19400000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	25400000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	19400000	shares
CY2020Q4	rxt	Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization Excluding Construction In Progress PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortizationExcludingConstructionInProgress	2232300000	USD
CY2021Q2	rxt	Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization Excluding Construction In Progress PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortizationExcludingConstructionInProgress	2280800000	USD
CY2020Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	1366800000	USD
CY2021Q2	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization	1408900000	USD
CY2020Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	884600000	USD
CY2021Q2	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	892000000.0	USD
CY2021Q1	us-gaap	Land Available For Sale LandAvailableForSale	11400000	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Land Held For Use ProceedsFromSaleOfLandHeldForUse	32200000	USD
CY2021Q1	rxt	Payments For Brokerage Fees And Professional Fees PaymentsForBrokerageFeesAndProfessionalFees	900000	USD
CY2021Q1	rxt	Proceeds From Sale Of Land Held For Use Net Of Brokerage And Professional Fees ProceedsFromSaleOfLandHeldForUseNetOfBrokerageAndProfessionalFees	31300000	USD
CY2021Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	19900000	USD
CY2020Q4	us-gaap	Goodwill Goodwill	2761100000	USD
	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	4700000	USD
CY2021Q2	us-gaap	Goodwill Goodwill	2765800000	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	2049900000	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	653600000	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	653600000	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1396300000	USD
CY2021Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	2051400000	USD
CY2021Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	747600000	USD
CY2021Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1303800000	USD
CY2020Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	2299900000	USD
CY2020Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1646300000	USD
CY2021Q2	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	2301400000	USD
CY2021Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	747600000	USD
CY2021Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1553800000	USD
CY2020Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	44200000	USD
CY2021Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	39100000	USD
CY2020Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	3700000	USD
CY2021Q2	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	13500000	USD
CY2020Q4	us-gaap	Long Term Debt LongTermDebt	3362700000	USD
CY2021Q2	us-gaap	Long Term Debt LongTermDebt	3341700000	USD
CY2020Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	43400000	USD
CY2021Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	23000000.0	USD
CY2020Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3319300000	USD
CY2021Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3318700000	USD
CY2021Q1	rxt	Debt Instrument Modification Fee DebtInstrumentModificationFee	27600000	USD
CY2020Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	9100000	USD
CY2021Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	20400000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	16600000	USD
CY2021Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	4300000	USD
	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	3500000	USD
	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	7900000	USD
CY2020Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	7200000	USD
CY2021Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	16100000	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	37600000	USD
CY2020Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	1900000	USD
	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	13100000	USD
	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	29700000	USD
CY2021Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	128600000	USD
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y
CY2020Q4	us-gaap	Derivative Assets DerivativeAssets	0	USD
CY2021Q2	us-gaap	Derivative Liabilities DerivativeLiabilities	99500000	USD
CY2020Q4	us-gaap	Derivative Asset Not Offset Policy Election Deduction DerivativeAssetNotOffsetPolicyElectionDeduction	0	USD
CY2020Q4	us-gaap	Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	0	USD
CY2021Q2	us-gaap	Derivative Assets DerivativeAssets	20400000	USD
CY2021Q2	us-gaap	Derivative Asset Not Offset Policy Election Deduction DerivativeAssetNotOffsetPolicyElectionDeduction	20400000	USD
CY2021Q2	us-gaap	Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	0	USD
CY2020Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	88700000	USD
CY2020Q4	us-gaap	Derivative Liability Not Offset Policy Election Deduction DerivativeLiabilityNotOffsetPolicyElectionDeduction	0	USD
CY2020Q4	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	88700000	USD
CY2021Q2	us-gaap	Derivative Liability Not Offset Policy Election Deduction DerivativeLiabilityNotOffsetPolicyElectionDeduction	20400000	USD
CY2021Q2	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	79100000	USD
CY2020Q2	us-gaap	Interest Expense InterestExpense	68900000	USD
CY2021Q2	us-gaap	Interest Expense InterestExpense	50500000	USD
	us-gaap	Interest Expense InterestExpense	140900000	USD
	us-gaap	Interest Expense InterestExpense	103100000	USD
	us-gaap	Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths	23800000	USD
CY2020Q2	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	200000	USD
CY2020Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	900000	USD
CY2020Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax	2300000	USD
CY2020Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	-6800000	USD
CY2020Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax	-500000	USD
CY2020Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-1700000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	1400000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-19500000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax	16300000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	-47500000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax	400000	USD
CY2020Q2	rxt	Business Combination Acquisition Related Expense From Purchase Accounting Adjustments BusinessCombinationAcquisitionRelatedExpenseFromPurchaseAccountingAdjustments	1600000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-1300000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	200000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	2700000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax	2000000.0	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	-6000000.0	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax	-1500000	USD
CY2021Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-4500000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	300000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	5700000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax	1200000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	3400000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax	2900000	USD
	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-8500000	USD
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
CY2020Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	656500000	USD
CY2021Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	743800000	USD
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1309200000	USD
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1469700000	USD
CY2020Q2	us-gaap	Compensation Expense Excluding Cost Of Good And Service Sold CompensationExpenseExcludingCostOfGoodAndServiceSold	1500000	USD
CY2021Q2	us-gaap	Compensation Expense Excluding Cost Of Good And Service Sold CompensationExpenseExcludingCostOfGoodAndServiceSold	400000	USD
	us-gaap	Compensation Expense Excluding Cost Of Good And Service Sold CompensationExpenseExcludingCostOfGoodAndServiceSold	3400000	USD
	us-gaap	Compensation Expense Excluding Cost Of Good And Service Sold CompensationExpenseExcludingCostOfGoodAndServiceSold	1700000	USD
	us-gaap	Gross Profit GrossProfit	491200000	USD
	us-gaap	Gross Profit GrossProfit	470800000	USD
CY2021Q2	rxt	Business Combination Acquisition Related Expense From Purchase Accounting Adjustments BusinessCombinationAcquisitionRelatedExpenseFromPurchaseAccountingAdjustments	1200000	USD
	rxt	Business Combination Acquisition Related Expense From Purchase Accounting Adjustments BusinessCombinationAcquisitionRelatedExpenseFromPurchaseAccountingAdjustments	3500000	USD
	rxt	Business Combination Acquisition Related Expense From Purchase Accounting Adjustments BusinessCombinationAcquisitionRelatedExpenseFromPurchaseAccountingAdjustments	2400000	USD
CY2020Q2	us-gaap	Restructuring Charges RestructuringCharges	4100000	USD
CY2021Q2	us-gaap	Restructuring Charges RestructuringCharges	8700000	USD
	us-gaap	Restructuring Charges RestructuringCharges	5400000	USD
	us-gaap	Restructuring Charges RestructuringCharges	15900000	USD
CY2020Q2	us-gaap	Gross Profit GrossProfit	241900000	USD
CY2021Q2	us-gaap	Gross Profit GrossProfit	235500000	USD

Files In Submission

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2021 Q2 Form 10-Q Financial Statement

#000181001921000135 Filed on August 11, 2021

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$RXT Rackspace Technology, Inc. Stock $rxt

2021 Q2 Form 10-Q Financial Statement

#000181001921000135 Filed on August 11, 2021

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Files In Submission

$RXT
Rackspace Technology, Inc. Stock $rxt