LAMB WESTON HOLDINGS, INC. filed this 10-K on July 27, 2022
LAMB WESTON HOLDINGS, INC. - 10-K - 20220727 - PROPERTIES

Our intellectual property rights are valuable, and any inability to protect them could reduce the value of our products and brands.

We consider our intellectual property rights to be a significant and valuable aspect of our business. We attempt to protect our intellectual property rights through a combination of trademark, patent, copyright and trade secret protection, contractual agreements and policing of third-party misuses of our intellectual property. Our failure to obtain or adequately protect our intellectual property or any change in law that lessens or removes the current legal protections of our intellectual property may diminish our competitiveness and adversely affect our business and financial results. We also license certain intellectual property, most notably Grown in Idaho and Alexia, from third parties. To the extent that we are not able to contract with these third parties on favorable terms or maintain our relationships with these third parties, our rights to use certain intellectual property could be impacted.

Competing intellectual property claims that impact our brands or products may arise unexpectedly. Any litigation or disputes regarding intellectual property may be costly and time-consuming and may divert the attention of our management and key personnel from our business operations. We also may be subject to significant damages or injunctions against development, launch and sale of certain products. Any of these occurrences may harm our business and financial results.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 2. PROPERTIES

We are headquartered in Eagle, Idaho. The following table sets forth our principal production and processing facilities as of May 29, 2022:

Location

Type of Facility and Number

Owned/ Leased

Domestic:

American Falls, ID

Production Facility and Cold Storage

Owned (1)

Boardman, OR

Production Facility (2), Production Facility and Cold Storage

Owned (3)

Connell, WA

Production Facility, Cold Storage

Owned (1), Leased (1)

Delhi, LA

Production Facility, Cold Storage, Farm

Owned (1), Leased (2)

Hermiston, OR

Production Facility

Owned (1)

Pasco, WA

Production Facility (2)

Owned (2)

Paterson, WA

Production Facility, Farm (4)

Owned (2), Leased (3)

Quincy, WA

Production Facility

Owned (1)

Richland, WA

Production Facility

Owned (1)

Twin Falls, ID

Production Facility

Owned (1)

Warden, WA

Production Facility

Owned (1)

International:

Hallam, Australia

Production Facility and Cold Storage (2)

Leased (2)

Shangdu, China

Production Facility

Owned (1)

Taber, Canada

Production Facility and Cold Storage

Owned (1)

We use our farms as a source of raw materials, to better understand the costs of growing potatoes, and to deploy agronomic research. Our facilities vary in age and condition, and each of them has an active maintenance program to ensure a safe operating environment and to keep the facilities in good condition. We believe all our buildings are in satisfactory operating condition to conduct our business as intended. We also own and lease general office/support facilities in the regions in which we operate, including Australia, Canada, China, Mexico, Japan, Singapore, and the U.S.

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Our manufacturing assets are shared across all reportable segments. Therefore, we do not identify or allocate assets by reportable segment. For more information, see Note 13, Segments, of the Notes to Consolidated Financial Statements in “Part II, Item 8. Financial Statements and Supplementary Data” of this Form 10-K. 

In addition to the facilities noted above, our joint ventures own or lease processing facilities in Argentina, Austria, the Netherlands, the United Kingdom, and the U.S.

ITEM 3. LEGAL PROCEEDINGS

For information regarding our legal proceedings, see Note 14, Commitments, Contingencies, Guarantees, and Legal Proceedings, of the Notes to Consolidated Financial Statements in “Part II, Item 8. Financial Statements and Supplementary Data” of this Form 10-K.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

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