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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 431,010 $ 138,895
Trade accounts receivable, net of allowances of $10,989 in 2024 and $18,868 in 2023 907,526 686,278
Other receivables 175,877 57,967
Inventories    
Finished and in process 494,090 238,395
Materials and supplies 522,049 365,253
Prepaid expenses 197,134 103,959
Current assets of discontinued operations 450,874 459,618
Total Current Assets 3,178,560 2,050,365
Property, Plant and Equipment, Net 2,718,747 1,662,767
Goodwill 2,525,657 1,298,011
Other Intangible Assets, Net 2,586,698 726,557
Long-term Deferred Income Taxes 17,371 30,623
Right of Use Asset-Operating Leases 307,688 233,461
Other Assets 208,759 206,064
Non-current assets of discontinued operations 964,310 984,109
Total Assets 12,507,790 7,191,957
Current Liabilities    
Payable to suppliers 1,130,500 537,877
Accrued expenses and other 463,543 265,432
Accrued wages and other compensation 140,912 63,767
Notes payable and current portion of long-term debt 2,054,525 38,934
Accrued taxes 6,755 10,863
Current liabilities of discontinued operations 242,056 248,404
Total Current Liabilities 4,038,291 1,165,277
Long-term Debt 4,985,496 2,998,002
Noncurrent Operating Lease Liabilities 258,735 192,703
Pension and Other Postretirement Benefits 180,827 142,784
Deferred Income Taxes 583,470 93,854
Other Liabilities 60,847 49,362
Non-current liabilities of discontinued operations 113,911 118,140
Total Liabilities 10,221,577 4,760,122
Commitments and Contingencies (Note 18)
Sonoco Shareholders’ Equity    
Serial preferred stock, no par value Authorized 30,000,000 shares 0 shares issued and outstanding as of December 31, 2024 and 2023
Common shares, no par value Authorized 300,000 shares 98,258 and 97,957 shares issued and outstanding as of December 31, 2024 and 2023, respectively 7,175 7,175
Capital in excess of stated value 183,250 159,047
Accumulated other comprehensive loss (502,734) (366,262)
Retained earnings 2,583,923 2,624,380
Total Sonoco Shareholders’ Equity 2,271,614 2,424,340
Noncontrolling Interests 14,599 7,495
Total Equity 2,286,213 2,431,835
Total Liabilities and Equity $ 12,507,790 $ 7,191,957