What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2025-03-25 compared with 2016-03-29 · 48 added, 145 removed, 1 unchanged (99% of the section changed)

The following table lists our material plants and other physical properties.

Based on a five day week, our weekly domestic pork slaughter capacity was 589,000 head and our domestic packaged meats capacity was 69.0 million pounds, as of January 3, 2016 .

During 2015 , the average weekly domestic capacity utilization for pork slaughter and packaged meats was 99% and 88% , respectively.

We believe these properties are adequate and suitable for our needs.

Processing Plant

Bladen County, North Carolina

Slaughtering and cutting hogs

Processing Plant

Smithfield, Virginia

Fresh Pork and Packaged Meats

Slaughtering and cutting hogs;

fresh and packaged pork products

Processing Plant

Kinston, North Carolina

Packaged Meats

Production of boneless cooked hams, deli hams and sliced deli products

Processing Plant

Clinton, North Carolina

Fresh Pork and Packaged Meats

Slaughtering and cutting hogs;

fresh and packaged pork products

Processing Plant

Wilson, North Carolina

Packaged Meats

Production of bacon

Processing Plant

Sioux Falls, South Dakota

Fresh Pork and Packaged Meats

Slaughtering and cutting hogs;

fresh and packaged pork products

Processing Plant

Springdale, OH

Packaged Meats

Production of hot dogs and luncheon meats

Processing Plant

Sioux City, Iowa

Fresh Pork and Packaged Meats

Production of raw and cooked ribs and other BBQ items

Processing Plant

Charles, Illinois

Packaged Meats

Production of bulk and sliced dry sausages

Processing Plant

Omaha, Nebraska

Packaged Meats

Production of bulk and sliced dry sausages

Processing Plant

Peru, Indiana

Packaged Meats

Production of pre-cooked bacon

Processing Plant

Junction City, Kansas

Packaged Meats

Production of smoked sausage

Processing Plant

Mason City, Iowa

Packaged Meats

Production of boneless bulk and sliced ham products

Processing Plant

James, Minnesota

Packaged Meats

Production of sliced luncheon meats

Processing Plant

Crete, Nebraska

Fresh Pork and Packaged Meats

Slaughtering and cutting hogs;

fresh and packaged pork products

Processing Plant

Monmouth, Illinois

Fresh Pork and Packaged Meats

Slaughtering and cutting hogs;

fresh and packaged pork products

Processing Plant

Denison, Iowa

Fresh Pork and Packaged Meats

Slaughtering and cutting hogs;

fresh and packaged pork products

Processing Plant

Milan, Missouri

Slaughtering and cutting hogs;

Processing Plant

Wichita, Kansas

Packaged Meats

Production of hot dogs and luncheon meats

Processing Plant

Lincoln, Nebraska

Packaged Meats

Production of smoked hams and other smoked meats

Processing Plant

Grayson, Kentucky

Packaged Meats

Production of spiral hams and smoked ham products

Processing Plant

Martin City, Missouri

Packaged Meats

Production of spiral hams

Processing Plant

Cudahy, Wisconsin

The table below summarizes information about our owned and leased properties as of February 28, 2025:

Number of Facilities

Segment/Type of Facilities Owned Leased Total State (5)

( in thousand )

Packaged Meats (1)

Production of bacon, dry sausage and refinery products

Processing Plant

Szczecin, Poland

International

Slaughtering and deboning hogs;

production of packaged and other pork products

Processing Plant

Starachowice, Poland

International

Slaughtering and deboning hogs;

production of packaged and other pork products

Processing Plant

International

Slaughtering and deboning hogs;

production of packaged and other pork products

Processing Plant

Morliny, Poland

International

Production of packaged and other pork and beef products

Processing Plant

Ilawa, Poland

International

Slaughtering of turkey and geese;

production of fresh and packaged poultry products

Processing Plant

Suwalki, Poland

International

Slaughtering of chicken;

production of fresh and packaged poultry products

Processing Plant

Opole, Poland

International

Slaughtering of chicken;

production of fresh and packaged poultry products

Processing Plant

Debica, Poland

International

Production of packaged poultry products

Processing Plant

Timisoara, Romania

International

Slaughtering, deboning and rendering hogs

Corporate Headquarters

Smithfield, Virginia

Management and administrative support services for other segments

The Hog Production segment owns and leases numerous hog production and grain storage facilities, as well as feedmills, mainly in North Carolina, Utah, Missouri, Iowa, Colorado and Virginia, with additional facilities in Oklahoma, Texas, Illinois, South Carolina, Pennsylvania, South Dakota and Kansas.

Also, the International segment owns and leases numerous hog production and grain storage facilities, as well as feedmills, in Poland and Romania.

Production 29 2 31 Georgia (1), Iowa (5), Illinois (2), Indiana (1), Kansas (2), Kentucky (2), Massachusetts (1), Minnesota (1), Missouri (2), North Carolina (3), Nebraska (3), New Jersey (1), Ohio (2), Pennsylvania (1) , South Dakota (1), Tennessee (1), Virginia (1), Wisconsin (1) 13,100 Daily production lbs.

Fresh Pork (1)

Processing 8 — 8 Iowa (2), Illinois (1), Missouri (1), Nebraska (1), North Carolina (2), South Dakota (1) 107.9 Head of hogs daily

Other 5 1 6 Iowa (2), North Carolina (2), Utah (1), Virginia (1) 2,500 Daily production lbs.

Hog Production

Colorado (26), Iowa (410), Illinois (15), Missouri (204), North Carolina (875), Oklahoma (11), South Carolina (28), South Dakota (9), Utah (23), Virginia (43)

11,500 Hogs annually

Feed facilities 26

51 Colorado (1), Iowa (3), Indiana (1), Kansas (1), Missouri (9), North Carolina (26), Ohio (2), South Carolina (5), Utah (1), Virginia (2) 708.4/32.9

Capacity in tons of feed storage / daily feed production

Distribution Network

Distribution Centers (4)

2 3 5 Indiana (1), Kansas (1), Maryland (1), Nebraska (1), North Carolina (1) 201.0

Pallet capacity

Number of Facilities

Segment/Type of Facilities Owned Leased Total State (5)

( in thousand )

Direct-to-Store Delivery Facilities 6 7

13 Indiana (3), Kentucky (1), Maryland (1), Michigan (2), Ohio (3), Pennsylvania (1), Texas (3)

Fresh Pork Processing 1 — 1 Puebla, MX 5.0

Head of hogs daily

121 Puebla (79), Veracruz (42), MX 1,800 Hogs annually

Corporate 1 Puebla, MX 13.3

Bioscience 1 — 1 Ohio 34.5 Square feet

Administrative

Headquarters 1 — 1 Virginia 132.3 Square feet

Satellite offices 1 3 4 Illinois (1), Missouri (1), North Carolina (1), Virginia (1) 135.2 Square feet

Sales offices — 5 5 Idaho (1), Ohio (1), Michigan (1) California (1), Arkansas (1) 32.0

________________

(1) Certain of our fresh pork facilities are co-located with packaged meats production facilities.

They are counted separately under each segment heading.

We operate a total of 39 facilities that process fresh pork and packaged meats in the U.S.

(2) Consists of contract farms.

(3) Does not include a limited number of inactive farms.

(4) Distribution centers serve both our Packaged Meats and Fresh Pork segments.

We also have access to over 45 cold storage locations via contractual arrangements with third parties.

Our contracts are either pay-for-use or commit us to a specific annual amount irrespective of usage.

(5) Numbers in parentheses represent total number of facilities for each jurisdiction.

The map below shows the expansive footprint of our facilities and properties:

LEGAL PROCEEDINGS

The information called for by this item is incorporated herein by reference to “Note 18:

Commitments and Contingencies” to the consolidated financial statements included in Part II, Item 8 of this Annual Report.

MINE SAFETY DISCLOSURES

Not applicable.

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.

What changed 10-K

Item 2. Properties