Sensata Technologies Holding plc 10-K

ITEM 2. PROPERTIES As of December 31, 2023, we occupied principal manufacturing facilities and business centers in the following locations: Reportable Segment Approximate Square Footage (in thousands) Performance Sensing Sensing Solutions Country Location Owned Leased Bulgaria Botevgrad X 184 — Bulgaria Plovdiv X 125 — Bulgaria Sofia X — 121 China Baoying (1) X X 301 385 China Changzhou X X 618 — India Pune X X — 32 Malaysia Subang Jaya X 138 — Mexico Aguascalientes X X 566 — Mexico Mexicali X X 41 116 Mexico Tijuana X X — 258 The Netherlands Hengelo X X — 94 United Kingdom Antrim X — 112 United Kingdom Swindon (2) X — 34 United States Attleboro, MA (3) X X — 435 United States Carpinteria, CA X X — 51 United States Grandview, MO X — 47 United States Thousand Oaks, CA X X — 115 United States Burlington, VT X — 133 1,973 1,933 __________________________ (1) The owned portion of the properties in this location serves the Sensing Solutions segment only. (2) Our U.K. headquarters is located in this facility. (3) Our U.S. headquarters is located in this facility. These facilities are primarily devoted to research, development, engineering, manufacturing, and assembly. In addition to these principal facilities, we occupy other manufacturing, engineering, warehousing, administrative, and sales facilities worldwide, which are primarily leased. We consider our manufacturing facilities sufficient to meet our current operational requirements. An increase in demand for our products may require us to expand our production capacity, which could require us to identify and acquire or lease additional manufacturing facilities. We believe that suitable additional or substitute facilities will be available as required; however, if we are unable to acquire, integrate, and move into production the facilities, equipment, and personnel necessary to meet such an increase in demand, our customer relationships, results of operations, and/or financial condition may suffer materially. Leases covering our currently occupied principal leased facilities expire at varying dates within the next 13 years. We do not anticipate difficulty in retaining occupancy through lease renewals, month-to-month occupancy, or by replacing the leased facilities with equivalent facilities. 32 Table of Contents A significant portion of our owned properties and equipment is subject to a lien under the Senior Secured Credit Facilities. Refer to Note 14: Debt of our Financial Statements included elsewhere in this Report for additional information related to the Senior Secured Credit Facilities.