HORMEL FOODS CORP /DE/ 10-K

Item 2. PROPERTIES The Company’s global headquarters is located in Austin, Minnesota. The Company has various processing plants, warehouses, and operational facilities, mainly located in the U.S. The Company maintains a national sales force through strategic placement of sales offices across the U.S. Properties are also maintained internationally to support global processing and sales. The majority of the Company’s property is owned. Leased property is used as needed for production, distribution, and sales. The Company believes its operating facilities are well maintained and suitable for current use. The Company regularly engages in construction and other capital improvement projects with a focus on value-added capacity projects and automation, as well as projects to support regulatory requirements, maintenance needs, and cost-reduction opportunities. Many of the Company’s domestic properties are utilized by more than one segment and utilization of these facilities can change over time. Therefore, it is impracticable to disclose them by segment. The facilities outside the U.S. serve the International segment. 13 Table of Contents Area (1) Square feet, in thousands Production Facilities Warehouse/Distribution Centers Administration/Sales/Research Offices Total Leased Owned Arizona — — 2 2 2 — Arkansas 589 250 11 850 261 589 California 352 427 27 806 673 133 Colorado 829 — 10 839 4 835 Florida — — 5 5 5 — Georgia 259 — — 259 — 259 Illinois 738 — 22 760 22 738 Iowa 1,484 659 3 2,146 427 1,719 Kansas 312 — 3 315 3 312 Massachusetts — — 4 4 4 — Michigan — — 3 3 3 — Minnesota 3,692 289 581 4,562 127 4,435 Nebraska 845 — — 845 — 845 New Jersey — — 26 26 26 — North Carolina — — 3 3 3 — Ohio — 453 8 461 322 139 Pennsylvania — 348 9 357 357 — Texas 506 — 5 511 3 508 Utah — 209 — 209 209 — Virginia 625 — — 625 — 625 Washington — — 2 2 2 — Wisconsin 1,225 104 6 1,335 197 1,138 Total Domestic 11,456 2,739 730 14,925 2,650 12,275 Australia — — 2 2 2 — Brazil 440 — 3 443 440 3 China 695 52 88 835 2 833 Total International 1,135 52 93 1,280 444 836 Total Square Feet 12,591 2,791 823 16,205 3,094 13,111 (1) Turkey growout facilities are excluded.