−Removed: We own, lease or otherwise have rights to use a number of facilities, which include administration, research and development, manufacturing, warehousing, distribution and other facilities.
−Removed: As of December 31, 2023, we own, lease or otherwise have rights to use approximately 214 facilities, consisting of approximately 44 facilities that we own and approximately 170 facilities that we lease or otherwise have rights to use.
−Removed: We have approximately 21 facilities located in 12 different states of the United States.
−Removed: In addition, we have approximately 193 facilities located in 57 other countries and territories around the world, including in EMEA, APAC, LATAM, and other areas of North America.
−Removed: Many of these facilities serve more than one of our business segments and multiple functions across our business.
−Removed: We are also party to various agreements with J&J relating to real estate matters, which include leasing, subleasing and licensing arrangements between us and J&J with respect to our facilities and J&J’s facilities.
−Removed: On April 20, 2023, we entered into a long-term lease for a newly renovated office building and a newly constructed R&D building in Summit, New Jersey that, when completed, will encompass a total of approximately 290,000 square feet and serve as the Company’s new global corporate headquarters and R&D center.
−Removed: The relocation to this campus is expected to commence in 2025 for the office building and continue through 2026 for the new R&D building.
−Removed: We will continue to operate from our interim corporate headquarters in Skillman, New Jersey until that time.
−Removed: On February 21, 2024, we listed our headquarters in Skillman for sale.
−Removed: We consider the facilities that we use in our business to be suitable and adequate for the purposes for which they are used and do not anticipate difficulty in renewing existing leases as they expire or in finding alternative facilities.
−Removed: We are committed to maintaining all of these properties in good operating condition.
+Added: We own, lease, or otherwise have rights to use sites that are comprised of administration, research and development, manufacturing, warehousing, distribution, and other properties, as well as the global and North America corporate headquarters campus (discussed below).
+Added: As of December 29, 2024, we own, lease, or otherwise have rights to use approximately 133 sites, consisting of approximately 35 sites that we own and approximately 98 sites that we lease or otherwise have rights to use.
+Added: We have approximately 12 sites located in 10 different states of the United States.
+Added: In addition, we have approximately 121 sites located in 58 other countries and territories around the world, including in EMEA, APAC, LATAM, and other areas of North America.
+Added: Many of these sites serve more than one of our reportable business segments and multiple functions across our business.
+Added: We are also party to various agreements with J&J relating to real estate matters, which include leasing and subleasing arrangements between us and J&J with respect to our properties and J&J’s properties.
+Added: On April 20, 2023, we entered into a long-term lease for a newly renovated global and North America corporate headquarters building and a newly constructed research and development building in Summit, New Jersey (the “Global and North America Headquarters Lease”).
+Added: We expect to officially open our new global and North America corporate headquarters in March 2025.
+Added: The relocation to our new campus from multiple U.S.-based locations will continue through 2026 when the new research and development building is expected to be complete.
+Added: When construction is completed, the campus will encompass approximately 290,000 square feet.
+Added: The Global and North America Headquarters Lease collectively includes the lease associated with the global and North America corporate headquarters building (the “Corporate Office Lease”), the lease associated with the land where the research and development building is under construction (the “State-of-the-Art Lab Facility Lease”), and the lease associated with land to be used for amenities (the “Amenities Lease”).
+Added: On February 21, 2024, we listed our interim corporate headquarters in Skillman, New Jersey for sale.
+Added: We consider the sites that we use in our business to be suitable and adequate for the purposes for which they are used and do not anticipate difficulty in renewing existing leases as they expire or in finding alternative sites.
+Added: We are committed to maintaining all of these sites in good operating condition.
LEGAL PROCEEDINGS
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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.