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Segment reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment reporting Segment reporting
The Company operates under two reportable segments, Consumer Packaging and Industrial Paper Packaging, with all remaining businesses reported as All Other.
The products produced and sold within the Consumer Packaging segment are generally used to package a variety of consumer products and consist primarily of round and shaped rigid paper, steel and plastic containers; and metal and peelable membrane ends, closures, and components.
The primary products produced and sold within the Industrial Paper Packaging segment include paperboard tubes, cones, and cores; paper-based protective packaging; and uncoated recycled paperboard. Effective January 1, 2024, the Company began conducting its recycling operations, part of the Industrial Paper Packaging segment, as a procurement function. As a result, no recycling net sales were recorded and the margin from the Company’s recycling operations reduced “Cost of sales” for the year ended December 31, 2024.
The primary products produced within the All Other group of businesses consist of a variety of packaging materials, including plastic, paper, foam, and various other specialty materials.
The Company’s chief operating decision maker (“CODM”) is the chief executive officer. The CODM assesses segment performance and allocates resources to each segment by using each segment’s operating profit. The chief operating decision maker uses operating profit for each segment in the annual budgeting and forecasting process as well as reviewing segment operating profit quarterly when making decisions about allocating capital and operating resources to segments. Disaggregated assets by segment are not disclosed since segment assets are not regularly provided to the CODM.
Segment operating profit viewed by the Company to evaluate segment performance does not include the following: restructuring/asset impairment charges; amortization of acquisition intangibles; gains/losses from the sale of businesses or other assets; acquisition, integration and divestiture-related costs; changes in LIFO inventory reserves; derivative gains/losses; or certain other items, if any, the exclusion of which the Company’s management believes improves the comparability and analysis of the ongoing operating performance of the business. All other general corporate expenses have been allocated as operating costs to each of the Company’s reportable segments and the All Other group of businesses, except for costs related to discontinued operations.
Segment financial information
The following table sets forth financial information about each of the Company’s reportable segments:
Year Ended December 31, 2024Consumer PackagingIndustrial Paper PackagingTotal Reportable Segments
Sales from external customers$2,531,852 $2,349,488 $4,881,340 
Intersegment sales (1)
8,022 111,682 119,704 
$2,539,874 $2,461,170 $5,001,044 
Reconciliation of sales
Other sales (2)
431,107 
Elimination of intersegment sales(126,786)
Total consolidated sales$5,305,365 
Less: (3)
Cost of sales (4)
$(2,041,078)$(1,818,324)
Other segment items (5)
(203,964)(371,192)
Segment operating profit$294,832 $271,654 $566,486 
Other segment disclosures:
Equity in earnings of affiliates, net of tax$365 $9,223 
Depreciation, depletion and amortization (6)
$109,355 $116,149 
(1)
Intersegment sales are recorded at a market-related transfer price.
(2)
Sales from businesses below the quantitative threshold are attributable to the group of businesses within All Other.
(3)
The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(4)
Cost of sales of reportable segments excludes certain costs, primarily changes in LIFO inventory reserves, net gains or losses from derivatives, and acquisition, integration and divestiture-related costs.
(5)
Other segment items consists of:
Consumer Packaging: Labor and benefits, consulting and professional services, travel, communication, facilities and supplies.
Industrial Paper Packaging: Labor and benefits, consulting and professional services, travel, communication, facilities and supplies.
(6)
Represents significant segment expenses that are regularly provided to the CODM and are included in cost of sales and other segment items within segment operating profit.
Year Ended December 31, 2023Consumer PackagingIndustrial Paper PackagingTotal Reportable Segments
Sales from external customers$2,471,048 $2,374,113 $4,845,161 
Intersegment sales (1)
5,171 101,822 106,993 
$2,476,219 $2,475,935 $4,952,154 
Reconciliation of sales
Other sales (2)
604,442 
Elimination of intersegment sales(115,170)
Total consolidated sales$5,441,426 
Less: (3)
Cost of sales (4)
$(1,999,514)$(1,809,803)
Other segment items (5)
(190,943)(348,215)
Segment operating profit$285,762 $317,917 $603,679 
Other segment disclosures:
Equity in earnings of affiliates, net of tax$564 $9,783 
Depreciation, depletion and amortization (6)
$95,340 $104,723 
(1)
Intersegment sales are recorded at a market-related transfer price.
(2)
Sales from businesses below the quantitative threshold are attributable to the group of businesses within All Other.
(3)
The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(4)
Cost of sales of reportable segments excludes certain costs, primarily changes in LIFO inventory reserves, net gains or losses from derivatives, and acquisition, integration and divestiture-related costs.
(5)
Other segment items consists of:
Consumer Packaging: Labor and benefits, consulting and professional services, travel, communication, facilities and supplies.
Industrial Paper Packaging: Labor and benefits, consulting and professional services, travel, communication, facilities and supplies.
(6)
Represents significant segment expenses that are regularly provided to the CODM and are included in cost of sales and other segment items within segment operating profit.

Year Ended December 31, 2022Consumer PackagingIndustrial Paper PackagingTotal Reportable Segments
Sales from external customers$2,564,004 $2,684,563 $5,248,567 
Intersegment sales (1)
1,779 134,214 135,993 
$2,565,783 $2,818,777 $5,384,560 
Reconciliation of sales
Other sales (2)
620,330 
Elimination of intersegment sales(145,563)
Total consolidated sales$5,859,327 
Less: (3)
Cost of sales (4)
$(1,981,621)$(2,109,080)
Other segment items (5)
(142,006)(381,838)
Segment operating profit$442,156 $327,859 $770,015 
Other segment disclosures:
Equity in earnings of affiliates, net of tax$485 $13,722 
Depreciation, depletion and amortization (6)
$84,049 $91,944 
(1)
Intersegment sales are recorded at a market-related transfer price.
(2)
Sales from businesses below the quantitative threshold are attributable to the group of businesses within All Other.
(3)
The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
(4)
Cost of sales of reportable segments excludes certain costs, primarily changes in LIFO inventory reserves, net gains or losses from derivatives, and acquisition, integration and divestiture-related costs.
(5)
Other segment items consists of:
Consumer Packaging: Labor and benefits, consulting and professional services, travel, communication, facilities and supplies.
Industrial Paper Packaging: Labor and benefits, consulting and professional services, travel, communication, facilities and supplies.
(6)
Represents significant segment expenses that are regularly provided to the CODM and are included in cost of sales and other segment items within segment operating profit.
Reconciliation of segment operating profit to income from continuing operations before income taxes:202420232022
Segment operating profit$566,486 $603,679 $770,015 
Other operating profits(1)
53,278 85,148 58,240 
Unallocated amounts:
Restructuring/Asset impairment charges(65,370)(47,909)(52,385)
Amortization of acquisition intangibles(78,595)(67,323)(60,263)
(Loss)/Gain from divestiture of business and other assets(23,452)78,929 — 
Acquisition, integration and divestiture-related costs(91,600)(24,624)(70,210)
Changes in LIFO inventory reserves6,263 11,817 (28,445)
Derivative gains/(losses)7,225 1,912 (8,767)
Other corporate costs(2)
(46,675)(42,254)(45,210)
Other operating income/(charges), net(3)
(982)(10,326)380 
Other (expenses)/income, net(104,200)39,657 — 
Non-operating pension costs(13,842)(14,312)(7,073)
Interest expense(172,620)(135,393)(100,875)
Interest income27,570 10,026 4,527 
Income from continuing operations before income taxes$63,486 $489,027 $459,934 

(1)
Operating profit from segments below the quantitative threshold are attributable to the group of businesses within All Other.
(2)
Other corporate costs represent recurring operating expenses previously allocated to TFP that will remain with Sonoco subsequent to the divestiture.
(3)
Primarily consists of insurance gains offset by consulting fees in 2024 and losses related to highly inflationary accounting in Turkey and consulting fees, partially offset by insurance gains, in 2023.
Reconciliation of other segment disclosures to consolidated totals:202420232022
Equity in earnings of affiliates, net of tax
Consumer Packaging$365 $564 $485 
Industrial Paper Packaging9,223 9,783 13,722 
Reportable Segment Total9,588 10,347 14,207 
Adjustments— — — 
Consolidated Total$9,588 $10,347 $14,207 
Depreciation, depletion and amortization
Consumer Packaging$109,355 $95,340 $84,049 
Industrial Paper Packaging116,149 104,723 91,944 
Reportable Segment Total225,504 200,063 175,993 
Other
90,557 81,966 74,540 
Consolidated Total$316,061 $282,029 $250,533 

(1)
Other represents depreciation, depletion and amortization expense for the All Other group of businesses and total amortization of acquisition intangibles for Sonoco, excluding discontinued operations.
Geographic regions
Sales to unaffiliated customers and long-lived assets by geographic region are as follows:
202420232022
Sales to Unaffiliated Customers
United States$3,569,806 $3,700,872 $4,051,763 
Europe955,520 885,386 924,301 
Canada113,349 116,171 128,369 
Asia Pacific311,052 329,394 367,704 
Other355,638 409,603 387,190 
Total$5,305,365 $5,441,426 $5,859,327 
Long-lived Assets
United States$2,695,885 $2,779,178 $2,511,809 
Europe4,690,098 617,949 572,824 
Canada35,750 39,842 24,257 
Asia Pacific176,547 157,235 155,959 
Other300,623 149,530 75,583 
Total$7,898,903 $3,743,734 $3,340,432 
Sales are attributed to countries/regions based upon the plant location from which products are shipped. Long-lived assets are comprised of property, plant and equipment, goodwill, other intangible assets, and investments in affiliates (see Notes 1, 7 and 9).