1 unchanged sentence
The following table summarizes our principal manufacturing plants and principal warehouse and distribution facilities by geography and reportable segment as of December 31, 2023:
−Removed: Beverage Concentrates Packaged Beverages Latin America Beverages Coffee Systems Total
−Removed: Owned Leased Owned Leased Owned Leased Owned Leased Owned Leased
+Added: Refreshment Beverages U.S.
+Added: Coffee International Total
+Added: Owned Leased Owned Leased Owned Leased Owned Leased
United States
5 unchanged sentences
Total 34 73 1 13 8 65 43 151
−Removed: We believe our facilities are well-maintained and adequate, that they are being appropriately utilized and that they have sufficient production capacity for their present intended purposes.
−Removed: The extent of utilization of such facilities varies based on seasonal demand for our products.
−Removed: It is not possible to measure with any degree of certainty or uniformity the productive capacity and extent of utilization of these facilities.
+Added: We believe our facilities are well-maintained and adequate, that they are being appropriately utilized, except for our next-generation coffee production facility in Spartanburg, South Carolina, and that they have sufficient production capacity for their present intended purposes.
+Added: The extent of utilization of such facilities varies based on seasonal demand for our products and the status of our investments to maintain or upgrade various technologies or equipment within such facilities.
+Added: As of December 31, 2023, the facility that we are establishing in Spartanburg, South Carolina was significantly underutilized due to delays in the manufacture and installation of certain manufacturing lines, as well as delays exacerbated by the COVID-19 pandemic.
We periodically review our space requirements, and we look to consolidate and dispose or sublet facilities we no longer need as appropriate.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.