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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
 [1]
Current Assets    
Cash and cash equivalents $ 172,213 $ 151,937
Trade accounts receivable, net of allowances 939,724 904,898
Other receivables 102,357 106,644
Inventories, net:    
Finished and in process 335,124 324,910
Materials and supplies 413,898 448,591
Prepaid expenses 101,288 113,385
Total Current Assets 2,064,604 2,050,365
Property, Plant and Equipment, Net 1,921,848 1,906,137
Goodwill 1,796,077 1,810,654
Other Intangible Assets, Net 828,085 853,670
Deferred Income Taxes 27,848 31,329
Right of Use Asset-Operating Leases 332,587 314,944
Other Assets 227,231 224,858
Total Assets 7,198,280 7,191,957
Current Liabilities    
Payable to suppliers 722,562 707,490
Accrued expenses and other 393,789 400,014
Notes payable and current portion of long-term debt 453,710 47,132
Accrued taxes 7,248 10,641
Total Current Liabilities 1,577,309 1,165,277
Long-term Debt, Net of Current Portion 2,630,424 3,035,868
Noncurrent Operating Lease Liabilities 282,877 265,454
Pension and Other Postretirement Benefits 142,422 142,900
Deferred Income Taxes 99,685 100,788
Other Liabilities 38,081 49,835
Commitments and Contingencies
Common stock, no par value    
Authorized 300,000 shares 98,255 and 97,957 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 7,175 7,175
Capital in excess of stated value 159,343 159,047
Accumulated other comprehensive loss (385,369) (366,262)
Retained earnings 2,639,209 2,624,380
Total Sonoco Shareholders’ Equity 2,420,358 2,424,340
Noncontrolling Interests 7,124 7,495
Total Equity 2,427,482 2,431,835
Total Liabilities and Equity $ 7,198,280 $ 7,191,957
[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.”).