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Segment reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Financial Segment Information

The following table sets forth financial information about each of the Company’s reportable segments:

Year Ended December 31, 2024						Consumer Packaging						Industrial Paper Packaging						Total 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, 2023						Consumer Packaging						Industrial Paper Packaging						Total 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, 2022						Consumer Packaging						Industrial Paper Packaging						Total 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:						2024						2023						2022
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 reserves						6,263						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 income						27,570						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:						2024						2023						2022
Equity in earnings of affiliates, net of tax
Consumer Packaging						$	365					$	564					$	485
Industrial Paper Packaging						9,223						9,783						13,722
Reportable Segment Total						9,588						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 Packaging						116,149						104,723						91,944
Reportable Segment Total						225,504						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.

Sales to Unaffiliated Customers and Long-Lived Assets by Geographic Region

Sales to unaffiliated customers and long-lived assets by geographic region are as follows:

			2024						2023						2022
Sales to Unaffiliated Customers
United States			$	3,569,806					$	3,700,872					$	4,051,763
Europe			955,520						885,386						924,301
Canada			113,349						116,171						128,369
Asia Pacific			311,052						329,394						367,704
Other			355,638						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
Europe			4,690,098						617,949						572,824
Canada			35,750						39,842						24,257
Asia Pacific			176,547						157,235						155,959
Other			300,623						149,530						75,583
Total			$	7,898,903					$	3,743,734					$	3,340,432

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
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