Lineage, Inc.

(3)Revenue

The following table disaggregates the Company’s net revenues by major stream and reportable segment.

The Company has no material warranties or obligations for allowances, refunds, or other similar obligations. As a practical expedient, the Company does not assess whether a contract has a significant financing component, as the period between the transfer of service to the customer and the receipt of customer payment is less than a year.

As of September 30, 2025, the Company had $1,287 million of remaining unsatisfied performance obligations from contracts with customers subject to a non-cancellable term and within contracts that have an original expected duration exceeding one year. These obligations also do not include variable consideration beyond the non-cancellable term, which, due to the inability to quantify by estimate, is fully constrained. The Company expects to recognize 22.7% of these remaining performance obligations as revenue over the next 12 months and the remaining 77.3% to be recognized over a weighted average period of 9.5 years through 2043.

Accounts receivable balances related to contracts with customers were$739 million and$719 million as of September 30, 2025 and December 31, 2024, respectively.

Deferred revenue balances related to contracts with customers were $84 million and$81 millionas of September 30, 2025 and December 31, 2024, respectively. Substantially all revenue that was included in the deferred revenue balance at the beginning of 2025 has been recognized as of September 30, 2025 and represents revenue from the satisfaction of storage and handling services billed in advance.