A Dark Vector Cognition product

Item 2. PROPERTIES

4K characters. Original on sec.gov · Markdown

Item 2. PROPERTIES

We own our world headquarters located in Cleveland, Ohio, which includes the world headquarters for The Americas Group, Consumer Brands Group and Performance Coatings Group. Our principal manufacturing and distribution facilities are located as set forth below. We believe our manufacturing and distribution facilities are well-maintained and are suitable and adequate, and have sufficient productive capacity, to meet our current needs.

ManufacturingDistribution
LeasedOwnedTotalLeasedOwnedTotal
Consumer Brands Group
Asia167134
Australia and New Zealand44156
Canada3311
Europe134235
Jamaica1111
Latin America369459
United States527328311
Total105060172037
Performance Coatings Group
Africa1111
Asia257246
Canada11
Europe4192351318
Latin America55178
United States1121311213
Total7435093746

The operations of The Americas Group included one manufacturing and distribution facility in Uruguay and 4,696 company-operated specialty paint stores, of which 217 were owned, in the United States, Canada, Puerto Rico, Virgin Islands, Grenada, Trinidad and Tobago, St. Maarten, Jamaica, Curacao, Aruba, St. Lucia, Uruguay, Brazil, Chile, Peru, Mexico, Ecuador and Barbados at December 31, 2018. These paint stores are divided into six separate operating divisions that are responsible for the sale of predominantly architectural, protective and marine and related products through the paint stores located within their geographical region. At the end of 2018:

•the Mid Western Division operated 1,105 paint stores primarily located in the midwestern and upper west coast states;
•the Eastern Division operated 868 paint stores along the upper east coast and New England states;
•the Canada Division operated 241 paint stores throughout Canada;
•the Southeastern Division operated 1,117 paint stores principally covering the lower east and gulf coast states, Puerto Rico, Virgin Islands, Grenada, Trinidad and Tobago, St. Maarten, Jamaica, Curacao, Aruba, St. Lucia and Barbados;
•the South Western Division operated 1,023 paint stores in the central plains and the lower west coast states; and
•the Latin America Division operated 342 paint stores in Uruguay, Brazil, Chile, Peru, Mexico and Ecuador.

During 2018, The Americas Group opened 76 net new stores, consisting of 91 new stores opened (74 in the United States, 16 in Canada, and 1 in South America) and 15 stores closed (1 in the United States, 2 in Canada, 11 in South America and 1 in Mexico).

The Performance Coatings Group operated 223 branches in the United States, of which 8 were owned, at December 31, 2018. The Performance Coatings Group also operated 59 branches internationally, of which 6 were owned, at December 31,

2018, consisting of branches in Canada (21), Europe (16), Chile (11), Mexico (4), Peru (4) and Vietnam (3). During 2018, this segment opened 3 new branches and closed 11 branches for a net decrease of (8) branches.

All real property within the Administrative segment is owned by us. For additional information regarding real property within the Administrative segment, see the information set forth in Item 1 of this report, which is incorporated herein by reference.

For additional information regarding real property leases, see Note 18 of the Notes to Consolidated Financial Statements on page 74 of our 2018 Annual Report, which is incorporated herein by reference.

Previous: Item 1B. UNRESOLVED STAFF COMMENTS · Next: Item 3. LEGAL PROCEEDINGS