Item 2. Properties

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Item 2. Properties

Snap-on maintains leased and owned manufacturing, software development, warehouse, distribution, research and development and office facilities throughout the world. Snap-on believes that its facilities currently in use are suitable and have adequate capacity to meet its present and foreseeable future demand. Snap-on’s facilities in the United States occupy approximately 4.3 million square feet, of which 71% is owned, including its corporate and general office facility located in Kenosha, Wisconsin. Snap-on’s facilities outside the United States occupy approximately 4.4 million square feet, of which approximately 73% is owned. Certain Snap-on facilities are leased through operating and finance lease agreements. See Note 16 to the Consolidated Financial Statements for information on the company’s operating and finance leases. Snap-on management continually monitors the company’s capacity needs and makes adjustments as dictated by market and other conditions.

2023 ANNUAL REPORT23

The following table provides information about our corporate headquarters and financial services operations, and each of Snap-on’s principal active manufacturing locations, distribution centers and software development locations (exceeding 50,000 square feet) as of 2023 year end:

LocationPrincipal Property UseOwned/LeasedSegment*
U.S. Locations:
Elkmont, AlabamaManufacturingOwnedSOT
Conway, ArkansasManufacturing and distributionOwned and leasedRS&I
City of Industry, CaliforniaManufacturingLeasedC&I
San Diego, CaliforniaSoftware developmentOwnedRS&I
San Jose, CaliforniaSoftware developmentLeasedRS&I
Tustin, CaliforniaManufacturing and distributionLeasedC&I
Columbus, GeorgiaDistributionOwnedC&I
Crystal Lake, IllinoisDistributionOwned and leasedSOT
Libertyville, IllinoisFinancial servicesLeasedFS
Lincolnshire, IllinoisSoftware developmentOwnedRS&I
Algona, IowaManufacturing and distributionOwnedSOT
Louisville, KentuckyManufacturing and distributionLeasedRS&I
Olive Branch, MississippiDistributionOwnedSOT
Carson City, NevadaDistributionOwned and leasedSOT
Murphy, North CarolinaManufacturing and distributionOwned and leasedC&I
Richfield, OhioSoftware developmentOwnedRS&I
Robesonia, PennsylvaniaDistributionOwnedSOT
Elizabethton, TennesseeManufacturingOwnedSOT
Kenosha, WisconsinDistribution and corporateOwnedSOT, C&I, RS&I
Milwaukee, WisconsinManufacturingOwnedSOT
Pleasant Prairie, WisconsinDistributionOwnedSOT, C&I, RS&I
Non-U.S. Locations:
Santo Tome, ArgentinaManufacturingOwnedC&I
New South Wales, AustraliaDistribution and financial servicesLeasedSOT, FS
Minsk, BelarusManufacturingOwnedC&I
Santa Bárbara d’Oeste, BrazilManufacturing and distributionOwnedRS&I
Calgary, CanadaDistributionLeasedSOT
Mississauga, CanadaDistributionLeasedSOT, RS&I
Beijing, ChinaManufacturing and distributionLeasedC&I
Kunshan, ChinaManufacturingOwnedC&I
Xiaoshan, ChinaManufacturingOwnedC&I
Banbury, EnglandManufacturing and distributionOwnedC&I
Bramley, EnglandManufacturingOwnedC&I
Kettering, EnglandDistribution and financial servicesOwned and leasedSOT, C&I, FS
Bauge-en-Anjou, FranceManufacturingOwnedC&I
Sopron, HungaryManufacturingOwnedRS&I
Correggio, ItalyManufacturingOwnedRS&I
Tokyo, JapanDistributionLeasedC&I
Helmond, NetherlandsDistributionOwnedC&I
Vila do Conde, PortugalManufacturingOwnedC&I
Irun, SpainManufacturingOwnedC&I
Placencia, SpainManufacturingOwnedC&I
Vitoria, SpainManufacturing and distributionOwnedC&I
Edsbyn, SwedenManufacturingOwnedC&I
Kungsör, SwedenManufacturing and distributionOwnedRS&I
Lidköping, SwedenManufacturingOwnedC&I
* Segment abbreviations:

C&I – Commercial & Industrial Group SOT – Snap-on Tools Group RS&I – Repair Systems & Information Group FS – Financial Services

24SNAP-ON INCORPORATED

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