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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 151,937 $ 227,438
Trade accounts receivable, net of allowances of $21,661 in 2023 and $16,879 in 2022 904,898 862,712
Other receivables 106,644 99,492
Inventories    
Finished and in process 324,910 453,981
Materials and supplies 448,591 641,577
Prepaid expenses 113,385 76,054
Total Current Assets 2,050,365 2,361,254
Property, Plant and Equipment, Net 1,906,137 1,710,399
Goodwill 1,810,654 1,675,311
Other Intangible Assets, Net 853,670 741,598
Long-term Deferred Income Taxes 31,329 29,878
Right of Use Asset-Operating Leases 314,944 296,781
Other Assets 224,858 237,719
Total Assets 7,191,957 7,052,940
Current Liabilities    
Payable to suppliers 707,490 818,885
Accrued expenses and other 324,338 295,841
Accrued wages and other compensation 75,676 109,830
Notes payable and current portion of long-term debt 47,132 502,440
Accrued taxes 10,641 16,905
Total Current Liabilities 1,165,277 1,743,901
Long-term Debt 3,035,868 2,719,783
Noncurrent Operating Lease Liabilities 265,454 250,994
Pension and Other Postretirement Benefits 142,900 120,084
Deferred Income Taxes 100,788 107,293
Other Liabilities 49,835 38,088
Commitments and Contingencies (Note 17)
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 159,047 140,539
Accumulated other comprehensive loss (366,262) (430,083)
Retained earnings 2,624,380 2,348,183
Total Sonoco Shareholders’ Equity 2,424,340 2,065,814
Noncontrolling Interests 7,495 6,983
Total Equity 2,431,835 2,072,797
Total Liabilities and Equity $ 7,191,957 $ 7,052,940