Lineage, Inc.

(14)Related-party balances

The Company pays Bay Grove Management a transition services fee and reimburses certain expenses pursuant to a transition services agreement executed in connection with the IPO, which replaced a previously existing operating services agreement. During the three and six months ended June 30, 2026 and 2025 both, the Company recorded $3 million and $5 million, respectively, of expenses in General and administrative expense for transition services and expense reimbursements. Accounts payable and accrued liabilities included immaterial amounts in transition services fees and expenses owed to Bay Grove Management as of June 30, 2026 and December 31, 2025.

As of June 30, 2026 and December 31, 2025, Accrued dividends and distributions included dividends declared to all equity holders, including related parties.

The Company owns an investment stake in suppliers that are accounted for under the equity method of accounting, creating related-party relationships. For the six months ended June 30, 2026 and 2025, the Company incurred costs of $1 million and $3 million, respectively, with these suppliers, some of which were capitalized. Animmaterial amount was incurred for both the three months ended June 30, 2026 and 2025. Accounts payable and accrued liabilities included $2 million and $3 million owed to these suppliers as of June 30, 2026 and December 31, 2025, respectively.