Item 2. Properties
ITEM 2. PROPERTIES
We have two global corporate headquarters, located in Frisco, Texas and Burlington, Massachusetts, both of which are leased.
The following table summarizes our principal manufacturing plants and principal warehouse and distribution facilities by geography and reportable segment as of December 31, 2025:
U.S. Refreshment Beverages U.S. Coffee International Total
Owned Leased Owned Leased Owned Leased Owned Leased
United States
Production facilities 7 12 — 5 — — 7 17
Warehouse and distribution facilities 26 66 — 7 — — 26 73
Foreign
Production facilities 1 — — — 3 1 4 1
Warehouse and distribution facilities — — — — 5 65 5 65
Total 34 78 — 12 8 66 42 156
We believe our facilities are well-maintained and adequate, that they are being appropriately utilized, and that they have sufficient capacity for their present intended purposes. 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. We ceased operations at our Windsor, Virginia manufacturing facility during the year ended December 31, 2025.
We periodically review our space requirements, and we look to consolidate and dispose or sublet facilities we no longer need as appropriate.
ITEM 3. LEGAL PROCEEDINGS
We are occasionally subject to litigation or other legal proceedings relating to our business. Refer to Note 18 of the Notes to our Consolidated Financial Statements related to commitments and contingencies, which is incorporated herein by reference.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
32
Table of Contents
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.