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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Apr. 02, 2023
Dec. 31, 2022
[1]
Sep. 30, 2018
Dec. 31, 2017
Current Assets        
Cash and cash equivalents $ 209,651 $ 227,438    
Trade accounts receivable, net of allowances 903,424 862,712    
Other receivables 89,554 99,492    
Inventories, net:        
Finished and in process 472,641 453,981    
Materials and supplies 610,364 641,577    
Prepaid expenses 76,693 76,054    
Total Current Assets 2,362,327 2,361,254    
Property, Plant and Equipment, Net 1,717,615 1,710,399    
Goodwill 1,679,547 1,675,311    
Other Intangible Assets, Net 717,784 741,598    
Deferred Income Taxes 47,867 29,878    
Right of Use Asset-Operating Leases 289,017 296,781    
Other Assets 247,277 237,719    
Total Assets 7,061,434 7,052,940    
Current Liabilities        
Payable to suppliers 746,118 818,885    
Accrued expenses and other 382,560 405,671    
Notes payable and current portion of long-term debt 447,601 502,440    
Accrued taxes 33,211 16,905    
Total Current Liabilities 1,609,490 1,743,901    
Long-term Debt, Net of Current Portion 2,717,891 2,719,783    
Noncurrent Operating Lease Liabilities 243,714 250,994    
Pension and Other Postretirement Benefits 118,163 120,084    
Deferred Income Taxes 127,674 107,293    
Other Liabilities 38,937 38,088    
Commitments and Contingencies    
Common stock, no par value        
Authorized 300,000 shares 97,955 and 97,645 shares issued and outstanding at April 2, 2023 and December 31, 2022, respectively 7,175 7,175    
Capital in excess of stated value 138,008 140,539    
Accumulated other comprehensive loss (395,084) (430,083)    
Retained earnings 2,448,299 2,348,183    
Total Sonoco Shareholders’ Equity 2,198,398 2,065,814    
Noncontrolling Interests 7,167 6,983    
Total Equity 2,205,565 2,072,797    
Total Liabilities and Equity $ 7,061,434 $ 7,052,940    
[1] The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America (the “United States” or “U.S.”).