Exhibit 99.2
Explanatory Note
During the March 31, 2015 quarter, the Company realigned reporting responsibilities for multiple locations among its operating segments to correspond with changes to the management structure. Revisions have been made within Item 2. Properties to reflect the change. Item 2. Properties has not been revised to reflect events and or developments subsequent to February 20, 2015, the date the Company filed the 2014 Form 10-K. For a discussion of events and developments subsequent to the filing of the 2014 Form 10-K, please refer to the Company’s Securities and Exchange Commission (“SEC”) filings since that date.
Item 2. Properties
The following is a listing of DENTSPLY’s principal manufacturing and distribution locations at December 31, 2014:
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| Location | | Function | | Leased or Owned |
| | | | | |
| United States: | | | | |
| Milford, Delaware (1) | | Manufacture of dental consumable products | | Owned |
| | | | | |
| Sarasota, Florida (2) | | Manufacture of orthodontic accessory products | | Owned |
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| Des Plaines, Illinois (1) | | Manufacture and assembly of dental handpieces | | Leased |
| | | | | |
| Waltham, Massachusetts (2) | | Manufacture and distribution of dental implant products | | Leased |
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| Maumee, Ohio (1) | | Manufacture and distribution of investment casting products | | Owned |
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| Lancaster, Pennsylvania (1) | | Distribution of dental products | | Leased |
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| York, Pennsylvania (1) | | Manufacture and distribution of artificial teeth | | Owned |
| | | and other dental laboratory products | | |
| | | | | |
| York, Pennsylvania (1) | | Manufacture of small dental equipment, bone grafting | | Owned |
| | | products, and preventive dental products | | |
| | | | | |
| Johnson City, Tennessee (1) | | Manufacture and distribution of endodontic | | Leased |
| | | instruments and materials | | |
| | | | | |
| Foreign: | | | | |
| Hasselt, Belgium (2) | | Manufacture and distribution of dental products | | Owned |
| | | | | |
| Catanduva, Brazil (3) | | Manufacture and distribution of dental anesthetic products | | Owned |
| | | | | |
| Petropolis, Brazil (3) | | Manufacture and distribution of artificial teeth, | | Owned |
| | | dental consumable products and endodontic material | | |
| | | | | |
| Shanghai, China (1) | | Manufacture and distribution of dental laboratory products | | Leased |
| | | | | |
| Tianjin, China (3) | | Manufacture and distribution of dental products | | Leased |
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| Ivry Sur-Seine, France (3) | | Manufacture and distribution of investment casting products | | Leased |
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| Bohmte, Germany (1) | | Manufacture and distribution of dental laboratory products | | Owned |
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| Hanau, Germany (1)(2) | | Manufacture and distribution of precious metal dental | | Owned |
| | | alloys, dental ceramics and dental implant products | | |
| | | | | |
| Konstanz, Germany (1) | | Manufacture and distribution of dental consumable products | | Owned |
| | | | | |
| Mannheim, Germany (2) | | Manufacture and distribution of dental implant products | | Owned/Leased |
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| Munich, Germany (1) | | Manufacture and distribution of endodontic | | Owned |
| | | instruments and materials | | |
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| | | | |
| | | | | |
| Radolfzell, Germany (4) | | Distribution of dental products | | Leased |
| | | | | |
| Rosbach, Germany (1) | | Manufacture and distribution of dental ceramics | | Owned |
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| Badia Polesine, Italy (1) | | Manufacture and distribution of dental consumable products | | Owned/Leased |
| | | | | |
| Otawara, Japan (3) | | Manufacture and distribution of precious metal dental | | Owned |
| | | alloys, dental consumable products and orthodontic products | | |
| | | | | |
| Mexicali, Mexico (2) | | Manufacture and distribution of orthodontic | | Leased |
| | | products and materials | | |
| | | | | |
| Hoorn, Netherlands (1) | | Distribution of precious metal dental alloys and dental ceramics and refinery of precious metals | | Owned |
| | | | | |
| HA Soest, Netherlands (2) | | Distribution of orthodontic products | | Leased |
| | | | | |
| Katikati, New Zealand (1) | | Manufacture of dental consumable products | | Leased |
| | | | | |
| Warsaw, Poland (1) | | Manufacture and distribution of dental consumable products | | Owned |
| | | | | |
| Las Piedras, Puerto Rico (1) | | Manufacture of crown and bridge materials | | Owned |
| | | | | |
| Mölndal, Sweden (2) | | Manufacture and distribution of dental implant products and | | Owned |
| | | consumable medical devices | | |
| | | | | |
| Ballaigues, Switzerland (1) | | Manufacture and distribution of endodontic | | Owned |
| | | instruments, plastic components and packaging material | | |
| |
| (1) | These properties are included in the Dental Consumables, Endodontic and Dental Laboratory Businesses segment. |
| |
| (2) | These properties are included in the Healthcare, Orthodontic and Implant Businesses segment. |
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| (3) | These properties are included in the Select Developed and Emerging Markets Businesses segment. |
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| (4) | This property is a distribution warehouse not managed by named segments. |
In addition, the Company maintains sales and distribution offices at certain of its foreign and domestic manufacturing facilities, as well as at various other U.S. and international locations. The Company maintains offices in Toronto, Mexico City, Paris, Rome, Weybridge, Mölndal, Hong Kong and Melbourne and other international locations. Most of these sites around the world that are used exclusively for sales and distribution are leased.
The Company also owns its corporate headquarters located in York, Pennsylvania.
DENTSPLY believes that its properties and facilities are well maintained and are generally suitable and adequate for the purposes for which they are used.
