Item 2. Properties
Item 2: Properties
Snap-on maintains leased and owned manufacturing, software development, warehouse, distribution, research and development and office facilities throughout the world. Snap-on believes that its facilities currently in use are suitable and have adequate capacity to meet its present and foreseeable future demand. Snap-on’s facilities in the United States occupy approximately 3.9 million square feet, of which 74% is owned, including its corporate and general office facility located in Kenosha, Wisconsin. Snap-on’s facilities outside the United States occupy approximately 4.6 million square feet, of which approximately 74% is owned. Certain Snap-on facilities are leased through operating and finance lease agreements. See Note 17 to the Consolidated Financial Statements for information on the company’s operating and finance leases. Snap-on management continually monitors the company’s capacity needs and makes adjustments as dictated by market and other conditions.
2021 ANNUAL REPORT 21
The following table provides information about our corporate headquarters and financial services operations, and each of Snap-on’s principal active manufacturing locations, distribution centers and software development locations (exceeding 50,000 square feet) as of 2021 year end:
Location Principal Property Use Owned/Leased Segment*
U.S. Locations:
Elkmont, Alabama Manufacturing Owned SOT
Conway, Arkansas Manufacturing and distribution Owned RS&I
City of Industry, California Manufacturing Leased C&I
San Diego, California Software development Owned RS&I
San Jose, California Software development Leased RS&I
Tustin, California Manufacturing and distribution Leased C&I
Columbus, Georgia Distribution Owned C&I
Crystal Lake, Illinois Distribution Owned and leased SOT
Libertyville, Illinois Financial services Leased FS
Algona, Iowa Manufacturing and distribution Owned SOT
Louisville, Kentucky Manufacturing and distribution Leased RS&I
Olive Branch, Mississippi Distribution Owned SOT
Carson City, Nevada Distribution Owned and leased SOT
Murphy, North Carolina Manufacturing and distribution Owned and leased C&I
Richfield, Ohio Software development Owned RS&I
Robesonia, Pennsylvania Distribution Owned SOT
Elizabethton, Tennessee Manufacturing Owned SOT
Kenosha, Wisconsin Distribution and corporate Owned SOT, C&I, RS&I
Milwaukee, Wisconsin Manufacturing Owned SOT
Pleasant Prairie, Wisconsin Distribution Owned SOT, C&I, RS&I
Non-U.S. Locations:
Santo Tome, Argentina Manufacturing Owned C&I
New South Wales, Australia Distribution and financial services Leased SOT, FS
Minsk, Belarus Manufacturing Owned C&I
Santa Bárbara d’Oeste, Brazil Manufacturing and distribution Owned RS&I
Calgary, Canada Distribution Leased SOT
Mississauga, Canada Distribution Leased SOT, RS&I
Beijing, China Manufacturing and distribution Leased C&I
Kunshan, China Manufacturing Owned C&I
Xiaoshan, China Manufacturing Owned C&I
Banbury, England Manufacturing and distribution Owned C&I
Bramley, England Manufacturing Owned C&I
Kettering, England Distribution and financial services Owned and leased SOT, C&I, FS
Bauge-en-Anjou, France Manufacturing Owned C&I
Sopron, Hungary Manufacturing Owned RS&I
Correggio, Italy Manufacturing Owned RS&I
Tokyo, Japan Distribution Leased C&I
Helmond, Netherlands Distribution Owned C&I
Vila do Conde, Portugal Manufacturing Owned C&I
Irun, Spain Manufacturing Owned C&I
Placencia, Spain Manufacturing Owned C&I
Vitoria, Spain Manufacturing and distribution Owned C&I
Bollnäs, Sweden Manufacturing Owned C&I
Edsbyn, Sweden Manufacturing Owned C&I
Kungsör, Sweden Manufacturing and distribution Owned RS&I
Lidköping, Sweden Manufacturing Owned C&I
* Segment abbreviations:
C&I – Commercial & Industrial Group SOT – Snap-on Tools Group RS&I – Repair Systems & Information Group FS – Financial Services
22
SNAP-ON INCORPORATED
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.