Item 2. Properties.
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Item 2. Properties.
On December 31, 2017, we had approximately 138 manufacturing and processing facilities in 51 countries and 108 distribution centers and depots worldwide. During 2017, we disposed of 12 manufacturing facilities mainly in business divestitures and we reduced the number of distribution centers we own or lease by 22. In addition to our owned or leased properties listed below, we also utilize a highly distributed network of warehouses and distribution centers that are owned or leased by third party logistics partners, contract manufacturers, co-packers or other strategic partners. We believe we have or will add sufficient capacity to meet our planned operating needs. It is our practice to maintain all of our plants and other facilities in good condition.
| As of December 31, 2017 | ||||||||
| Number of | Number of | |||||||
| Manufacturing | Distribution | |||||||
| Facilities | Facilities | |||||||
| Latin America (1) | 17 | 3 | ||||||
| AMEA | 49 | 32 | ||||||
| Europe | 57 | 14 | ||||||
| North America | 15 | 59 | ||||||
| Total | 138 | 108 | ||||||
| Owned | 125 | 15 | ||||||
| Leased | 13 | 93 | ||||||
| Total | 138 | 108 | ||||||
| (1) | Excludes our deconsolidated Venezuela operations. See Note 1, Summary of Significant Accounting Policies – Currency Translation and Highly Inflationary Accounting: Venezuela, for additional information. |
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