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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jul. 02, 2023
Dec. 31, 2022
 [1]
Current Assets    
Cash and cash equivalents $ 319,216 $ 227,438
Trade accounts receivable, net of allowances 888,190 862,712
Other receivables 122,061 99,492
Inventories, net:    
Finished and in process 433,031 453,981
Materials and supplies 509,511 641,577
Prepaid expenses 87,867 76,054
Total Current Assets 2,359,876 2,361,254
Property, Plant and Equipment, Net 1,747,119 1,710,399
Goodwill 1,681,969 1,675,311
Other Intangible Assets, Net 694,762 741,598
Deferred Income Taxes 31,064 29,878
Right of Use Asset-Operating Leases 287,154 296,781
Other Assets 247,044 237,719
Total Assets 7,048,988 7,052,940
Current Liabilities    
Payable to suppliers 689,211 818,885
Accrued expenses and other 375,666 405,671
Notes payable and current portion of long-term debt 437,210 502,440
Accrued taxes 17,490 16,905
Total Current Liabilities 1,519,577 1,743,901
Long-term Debt, Net of Current Portion 2,716,253 2,719,783
Noncurrent Operating Lease Liabilities 242,383 250,994
Pension and Other Postretirement Benefits 121,524 120,084
Deferred Income Taxes 110,020 107,293
Other Liabilities 39,909 38,088
Commitments and Contingencies
Common stock, no par value    
Authorized 300,000 shares 97,956 and 97,645 shares issued and outstanding at July 2, 2023 and December 31, 2022, respectively 7,175 7,175
Capital in excess of stated value 145,841 140,539
Accumulated other comprehensive loss (373,431) (430,083)
Retained earnings 2,512,768 2,348,183
Total Sonoco Shareholders’ Equity 2,292,353 2,065,814
Noncontrolling Interests 6,969 6,983
Total Equity 2,299,322 2,072,797
Total Liabilities and Equity $ 7,048,988 $ 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.”).