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 4.1 million square feet, of which 73% is owned, including its corporate and general office facility located in Kenosha, Wisconsin. Snap-on’s facilities outside the United States occupy approximately 4.4 million square feet, of which approximately 73% 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.
22
SNAP-ON INCORPORATED
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 2022 year end:
Location Principal Property Use Owned/Leased Segment*
U.S. Locations:
Elkmont, Alabama Manufacturing Owned SOT
Conway, Arkansas Manufacturing and distribution Owned and leased 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
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
2022 ANNUAL REPORT 23
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.