−Removed: Our facilities are used primarily for manufacturing, distribution and administration.
−Removed: Facilities primarily used for manufacturing may also be used for distribution, engineering, research and development, storage, administration, sales and customer service.
−Removed: Facilities primarily used for administration may also be used for research and development, sales and customer service.
−Removed: As of December 31, 2022, our principal facilities, grouped according to the facility’s primary use, were as follows:
−Removed: Principal segments
−Removed: Owned or leased
−Removed: Administrative facilities:
−Removed: Hickory, NC (1)
−Removed: Corporate headquarters
−Removed: Richardson, TX (1)
−Removed: Bangalore, India
−Removed: CCS, ANS & NICS
−Removed: Santa Clara, CA
−Removed: Manufacturing and distribution facilities:
−Removed: Catawba, NC (1)
−Removed: Claremont, NC (1)
−Removed: Kessel-Lo, Belgium (2)
−Removed: Suzhou, China (3)
−Removed: Suzhou, China (3)
−Removed: Goa, India (3)
−Removed: Santa Teresa, NM
−Removed: Global Logistics
−Removed: Juarez, Mexico
−Removed: Brno, Czech Republic
−Removed: Reynosa, Mexico
−Removed: Suzhou, China
−Removed: CCS, NICS & OWN
−Removed: Veenendaal, Netherlands
−Removed: Juarez, Mexico
−Removed: Global Logistics
−Removed: Global Logistics
−Removed: Delicias, Mexico
−Removed: Bray, Ireland
−Removed: Tijuana, Mexico
−Removed: Buchdorf, Germany
−Removed: Vacant facilities and properties:
−Removed: Sorocaba, Brazil (4)
−Removed: Richardson, TX (5)
−Removed: Orland Park, IL (6)
−Removed: (1) Our interest in each of these properties is encumbered by a mortgage or deed of trust lien securing our senior secured credit facilities (see Note 7 in the Notes to Consolidated Financial Statements included elsewhere in this Annual Report on Form 10-K).
−Removed: (2) The Kessel-Lo, Belgium facility is currently being marketed for sale.
−Removed: (3) The buildings in these facilities are owned while the land is held under long-term lease agreements.
−Removed: (4) The Sorocaba, Brazil facility is not currently being marketed for sale.
−Removed: (5) The Richardson, TX facility is vacant and is currently being marketed for sublease.
−Removed: (6) The building at the Orland Park, IL facility was demolished and cleared.
−Removed: The 73-acre parcel is vacant and currently being negotiated for sale.
−Removed: We believe that our facilities and equipment generally are well maintained, in good condition and suitable for our purposes and adequate for our present operations.
−Removed: While we currently have excess manufacturing capacity in certain of our facilities, utilization is subject to change based on customer demand.
−Removed: We can give no assurances that we will not have excess manufacturing capacity or encounter capacity constraints over the long term.
+Added: Our fixed assets include factories and warehouses and a substantial quantity of machinery and equipment.
+Added: Our factories, warehouses and machinery and equipment are generally in good operating condition, are reasonably maintained and substantially all of our facilities are in regular use.
+Added: We consider the present level of fixed assets along with planned capital expenditures to be suitable and adequate for operations in the current business environment.
+Added: At December 31, 2023, we operated approximately 23 manufacturing facilities with approximately 4.8 million square feet, of which approximately 1.3 million square feet were leased.
+Added: Manufacturing facilities located in the U.S.
+Added: had approximately 1.7 million square feet, of which approximately 0.1 million square feet were leased.
+Added: Manufacturing facilities located outside the U.S.
+Added: had approximately 3.1 million square feet, of which approximately 1.2 million square feet were leased.
+Added: The square footage by segment related to our manufacturing facilities was approximately 3.7 million square feet, 0.8 million square feet, 0.2 million square feet and 0.1 million square feet for the CCS segment, OWN segment, NICS segment and ANS segment, respectively.
+Added: We believe that our facilities are suitable and adequate for our business and are being appropriately utilized for their intended purposes.
+Added: Utilization of our facilities varies based on demand for the related products.
+Added: We regularly review our anticipated requirements for facilities and, based on that review, may from time to time acquire or lease additional facilities and/or dispose of existing facilities.
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.