A Dark Vector Cognition product

Item 2. Properties.

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Item 2. Properties.

On December 31, 2019, we had approximately 126 manufacturing and processing facilities in 44 countries and 110 distribution centers and depots worldwide that we owned or leased. During 2019, the number of manufacturing facilities decreased by 6 mainly due to divestitures and the number of distribution facilities decreased by 13 primarily due to the expiration of lease agreements and consolidation of facilities. In addition to our owned or leased properties, 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, 2019
Number of Manufacturing FacilitiesNumber of Distribution Facilities
Latin America (1)1313
AMEA4321
Europe5523
North America1553
Total126110
Owned11813
Leased897
Total126110
(1)Excludes our deconsolidated Venezuela operations. Refer to Note 1, Summary of Significant Accounting Policies*, for* more information.

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