The company continues to execute Project Matterhorn, a global program designed to accelerate growth by transforming the operating model to a global solution-based approach. This includes investments in higher-growth markets, digital solutions, and complementary businesses.

The company has made significant progress in scaling its Global Data Center Business through acquisitions and organic growth, with 26 operating data centers across 21 global markets. Approximately 93% of data center capacity was leased as of December 31, 2023.

The company's expansion into Digital and ALM services increases its privacy and security risk profile, requiring additional resources and creating additional compliance and cybersecurity risks.

The company expects to incur approximately $150.0 million in costs annually related to Project Matterhorn from 2023 through 2025. These costs are related to restructuring and other transformation costs.

The company's strategy is underpinned by a persistent focus on best-in-class customer experience, as it continues to seek innovative solutions to help customers progress on their journey from physical storage to a digital ecosystem.

The company maintains a robust information security program that is designed to protect its information and the information of its customers. The company is actively monitoring emerging cyber attack patterns to develop custom detection capabilities and mitigation techniques to protect against material risk of cybersecurity threats.

The company's failure to execute its strategic growth plan may adversely impact its financial condition and results of operations. This includes risks related to maintaining customer relationships, achieving satisfactory returns on investments, and attracting skilled employees.

The company and its customers are subject to laws and governmental regulations relating to data privacy and cybersecurity. This may cause the company to incur significant expenses and non-compliance with such regulations and demands could harm its business.

Attacks on the company's internal IT systems could damage its reputation, cause it to lose revenues, and adversely affect its business, financial condition and results of operations.

The company competes with thousands of storage and information management services providers around the world. Competition is based on price, reputation and reliability, quality and security of storage, quality of service and scope and scale of technology.

The company also competes with numerous data center developers, owners and operators. Competition for data center customers is based on availability of power, security considerations, location, connectivity and rental rates.

In its ALM business, the company competes with both hyperscalers and individual corporate clients who manage their own asset recycling and management, as well as external competitors.

Project Matterhorn, a global program, is designed to accelerate the growth of the company's business and focuses on transforming the operating model to a global operating model.

The company is currently experiencing rising construction costs which reflect the increase in cost of labor and raw materials, as well as supply chain and logistical challenges. These costs could significantly affect the cost or timing of planned expansion projects.

The company relies on third party telecommunications carriers to provide internet connectivity to its customers. If connectivity is interrupted or terminated, the company's financial condition and results of operations may be adversely affected.

The company is exploring incorporating alternative technologies (including artificial intelligence ("AI")) into its offerings. This may involve significant risks and uncertainties.

The company continues to scale its digital solutions business to complement its existing offerings in records and information management.

Failure to manage and adequately implement our new IT systems could negatively affect our business. The company relies on IT infrastructure to support assessments and conclusions about its operating performance.

In December 2023, the company entered into the Term Loan B due 2031 in the principal amount of $1,200.0 million and used the proceeds to repay outstanding borrowings under the Revolving Credit Facility.

The company expects total capital expenditures of approximately $1,500.0 million for the year ending December 31, 2024. Of this, the company expects capital expenditures for growth investment of approximately $1,350.0 million, and recurring capital expenditures of approximately $150.0 million.

The company paid dividends in the amount of $737.7 million on its common stock.

The company is committed to use renewable energy sources for 100% of its worldwide electricity by 2040 and convert 100% of its company cars and 50% of its vans to electric vehicles by 2030.

The company has reduced Scope 1 and 2 greenhouse gas (GHG) emissions by 32% compared to its 2016 baseline as part of its net zero by 2040 commitment.

The company provides a Green Power Pass solution in the Data Center market to help customers manage their carbon footprint.

As a global company, the company is subject to the unique risks of operating in many countries, including fluctuations of currency exchange rates and the impact of laws and regulations.

If the company fails to meet its commitment to transition to more renewable and sustainable sources of energy, it may negatively impact its ability to attract and retain customers, employees and investors who focus on this commitment.

The company's use of joint ventures or other co-investment vehicles could expose it to additional risks and liabilities, including its reliance on joint venture or other co-investment vehicles partners who may have economic and business interests that are inconsistent with its business interests and its lack of sole decision-making authority.