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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 227,438 $ 170,978
Trade accounts receivable, net of allowances of $16,879 in 2022 and $19,651 in 2021 862,712 755,609
Other receivables 99,492 95,943
Inventories    
Finished and in process 453,981 199,823
Materials and supplies 641,577 362,290
Prepaid expenses 76,054 74,034
Total Current Assets 2,361,254 1,658,677
Property, Plant and Equipment, Net 1,710,399 1,297,500
Goodwill 1,675,311 1,324,501
Other Intangible Assets, Net 741,598 278,143
Long-term Deferred Income Taxes 29,878 25,818
Right of Use Asset-Operating Leases 296,781 268,390
Other Assets 237,719 220,206
Total Assets 7,052,940 5,073,235
Current Liabilities    
Payable to suppliers 818,885 721,312
Accrued expenses and other 295,841 290,874
Accrued wages and other compensation 109,830 90,476
Less: Notes payable and current portion of long-term debt 502,440 411,557
Accrued taxes 16,905 11,544
Total Current Liabilities 1,743,901 1,525,763
Long-term Debt 2,719,783 1,199,106
Noncurrent Operating Lease Liabilities 250,994 234,167
Pension and Other Postretirement Benefits 120,084 158,265
Deferred Income Taxes 107,293 70,482
Other Liabilities 38,088 35,911
Commitments and Contingencies (Note 16)
Sonoco Shareholders’ Equity    
Serial preferred stock, no par value Authorized 30,000,000 shares 0 shares issued and outstanding as of December 31, 2021 and 2020
Common shares, no par value Authorized 300,000 shares 97,370 and 100,447 shares issued and outstanding as of December 31, 2021 and 2020, respectively 7,175 7,175
Capital in excess of stated value 140,539 119,690
Accumulated other comprehensive loss (430,083) (359,425)
Retained earnings 2,348,183 2,070,005
Total Sonoco Shareholders’ Equity 2,065,814 1,837,445
Noncontrolling Interests 6,983 12,096
Total Equity 2,072,797 1,849,541
Total Liabilities and Equity $ 7,052,940 $ 5,073,235