A Dark Vector Cognition product

Item 2. PROPERTIES

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Item 2. PROPERTIES

We have two global corporate headquarters, located in Frisco, Texas and Burlington, Massachusetts, both of which are leased.

The following table summarizes our principal manufacturing plants and principal warehouse and distribution facilities by geography and reportable segment as of December 31, 2025:

U.S. Refreshment BeveragesU.S. CoffeeInternationalTotal
OwnedLeasedOwnedLeasedOwnedLeasedOwnedLeased
United States
Production facilities712—5——717
Warehouse and distribution facilities2666—7——2673
Foreign
Production facilities1———3141
Warehouse and distribution facilities————565565
Total3478—1286642156

We believe our facilities are well-maintained and adequate, that they are being appropriately utilized, and that they have sufficient capacity for their present intended purposes. The extent of utilization of such facilities varies based on seasonal demand for our products and the status of our investments to maintain or upgrade various technologies or equipment within such facilities. We ceased operations at our Windsor, Virginia manufacturing facility during the year ended December 31, 2025.

We periodically review our space requirements, and we look to consolidate and dispose or sublet facilities we no longer need as appropriate.

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