Item 2. Properties

Properties

Within our Global Distribution and Value

-Added Services and Global Specialty Products segments (for properties

with more than 100,000 square feet) we lease and/or own approximately

5.0 million square feet of properties,

consisting of distribution, office, showroom, manufacturing and sales space, in significant

locations including

United States, Germany, France, Canada, and Brazil.

We also have meaningful market presence in several other

European countries, and the Asia-Pacific region.

Lease expirations range from 2026 to 2048.

We believe that our properties are in good condition, are well maintained and are suitable and adequate to carry on

our business.

We have additional operating capacity at certain distribution center facilities.