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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Oct. 01, 2023
Dec. 31, 2022
 [1]
Current Assets    
Cash and cash equivalents $ 257,940 $ 227,438
Trade accounts receivable, net of allowances 964,054 862,712
Other receivables 100,772 99,492
Inventories, net:    
Finished and in process 363,914 453,981
Materials and supplies 462,118 641,577
Prepaid expenses 91,090 76,054
Total Current Assets 2,239,888 2,361,254
Property, Plant and Equipment, Net 1,826,230 1,710,399
Goodwill 1,762,411 1,675,311
Other Intangible Assets, Net 873,518 741,598
Deferred Income Taxes 30,935 29,878
Right of Use Asset-Operating Leases 311,642 296,781
Other Assets 225,375 237,719
Total Assets 7,269,999 7,052,940
Current Liabilities    
Payable to suppliers 695,550 818,885
Accrued expenses and other 420,935 405,671
Notes payable and current portion of long-term debt 42,279 502,440
Accrued taxes 26,435 16,905
Total Current Liabilities 1,185,199 1,743,901
Long-term Debt, Net of Current Portion 3,212,454 2,719,783
Noncurrent Operating Lease Liabilities 262,667 250,994
Pension and Other Postretirement Benefits 131,668 120,084
Deferred Income Taxes 98,100 107,293
Other Liabilities 40,756 38,088
Commitments and Contingencies
Common stock, no par value    
Authorized 300,000 shares 97,956 and 97,645 shares issued and outstanding at October 1, 2023 and December 31, 2022, respectively 7,175 7,175
Capital in excess of stated value 152,148 140,539
Accumulated other comprehensive loss (420,110) (430,083)
Retained earnings 2,593,332 2,348,183
Total Sonoco Shareholders’ Equity 2,332,545 2,065,814
Noncontrolling Interests 6,610 6,983
Total Equity 2,339,155 2,072,797
Total Liabilities and Equity $ 7,269,999 $ 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.”).