MasterCard 2009 Annual Report Download - page 53

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Item 1B. Unresolved Staff Comments
Not applicable.
Item 2. Properties
As of December 31, 2009, MasterCard and its subsidiaries owned or leased 98 commercial properties. We
own our corporate headquarters, a 472,600 square foot building located in Purchase, New York. There is no
outstanding debt on this building. Our principal technology and operations center is a 528,000 square foot leased
facility located in O’Fallon, Missouri, known as “Winghaven”. The term of the lease on this facility is 10 years,
which commenced on March 1, 2009. For more information on Winghaven, see Note 15 (Consolidation of
Variable Interest Entity) to the consolidated financial statements included in Part II, Item 8. Our leased properties
in the United States are located in 10 states, Puerto Rico and in the District of Columbia. We also lease and own
properties in 47 other countries. These facilities primarily consist of corporate and regional offices, as well as our
operations centers.
We believe that our facilities are suitable and adequate for the business that we currently conduct. However,
we periodically review our space requirements and may acquire new space to meet the needs of our business, or
consolidate and dispose of facilities that are no longer required.
Item 3. Legal Proceedings
Refer to Notes 19 (Obligations Under Litigation Settlements) and 21 (Legal and Regulatory Proceedings) to
the consolidated financial statements included in Part II, Item 8.
Item 4. Submission of Matters to a Vote of Security Holders
Not applicable.
43