Item 2. PROPERTIES

The Company conducts its operations in approximately 70 countries throughout the world, with its world headquarters located in Cork, Ireland and its North American operational headquarters located in Milwaukee, Wisconsin USA. The Company’s wholly- and majority-owned facilities primarily consist of manufacturing, sales and service offices, research and development facilities, monitoring centers, and assembly and/or warehouse centers. At September 30, 2018, these properties totaled approximately 80 million square feet of floor space of which 52 million square feet are owned and 28 million square feet are leased. The Company considers its facilities to be suitable for their current uses and adequate for current needs. The majority of the facilities are operating at normal levels based on capacity. The Company does not anticipate difficulty in renewing existing leases as they expire or in finding alternative facilities.

Building Solutions North America operates through a network of manufacturing facilities, sales and service offices and assembly and/or warehouse centers located in the U.S. and Canada. The business occupies approximately 6 million square feet, of which 5 million square feet are leased and 1 million square feet are owned.

Building Solutions EMEA/LA operates through a network of sales and service offices and assembly and/or warehouse centers located in Europe, the Middle East, Africa and Latin America. The business occupies approximately 4 million square feet, of which 3 million square feet are leased and 1 million square feet are owned.

Building Solutions Asia Pacific operates through a network of sales and service offices and assembly and/or warehouse centers located in the Asia Pacific region. The business occupies approximately 2 million square feet, of which the majority is leased.

Global Products operates through a network of manufacturing facilities, sales offices and assembly and/or warehouse centers located in North America, Latin America, Europe, the Middle East, Africa and Asia Pacific. The business occupies approximately 31 million square feet, of which 15 million square feet are leased and 16 million square feet are owned.

Power Solutions operates through a network of manufacturing facilities, and assembly and/or warehouse centers located in North America, South America, Europe and the Asia Pacific region. The business occupies approximately 35 million square feet, of which 33 million square feet are owned and 2 million square feet are leased.

Corporate offices operate in North America, Europe and the Asia-Pacific region, which occupy approximately 2 million square feet, of which 1 million square feet are leased and 1 million square feet are owned.