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Acquisitions and Divestitures (Tables) | 3 Months Ended
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Mar. 30, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Preliminary Fair Value Of Assets Acquired And Measurement Period Adjustments | The Company’s preliminary fair values of the assets acquired and liabilities assumed in the acquisition of Eviosys, are as follows:
| Initial Allocation |  | Measurement Period Adjustments |  | Preliminary Allocation
Trade accounts receivable | $ | 300,385 |  |  | — |  |  | $ | 300,385 |
Other receivables | 114,634 |  |  | — |  |  | 114,634 |
Inventories | 445,945 |  |  | 1,630 |  |  | 447,575 |
Prepaid expenses | 47,509 |  |  | 1,448 |  |  | 48,957 |
Property, plant and equipment | 1,057,779 |  |  | (6,573) |  |  | 1,051,206 |
Right of use asset - operating leases | 43,566 |  |  | — |  |  | 43,566 |
Other intangible assets | 1,967,678 |  |  | (5,253) |  |  | 1,962,425 |
Goodwill | 1,285,518 |  |  | 595 |  |  | 1,286,113 |
Long-term deferred income taxes | 39,023 |  |  | (388) |  |  | 38,635 |
Other assets | 3,330 |  |  | 19 |  |  | 3,349 |
Payable to suppliers | (518,766) |  |  | 132 |  |  | (518,634) |
Accrued expenses and other | (168,529) |  |  | 325 |  |  | (168,204) |
Accrued wages and other compensation | (41,749) |  |  | — |  |  | (41,749) |
Notes payable and current portion of long-term debt | (76,438) |  |  | (39) |  |  | (76,477) |
Noncurrent operating lease liabilities | (32,022) |  |  | — |  |  | (32,022) |
Pension and other postretirement benefits | (51,849) |  |  | — |  |  | (51,849) |
Deferred income taxes | (599,941) |  |  | 7,716 |  |  | (592,225) |
Other long-term liabilities | (16,714) |  |  | 388 |  |  | (16,326) |
Noncontrolling interests | (9,533) |  |  | — |  |  | (9,533) |
Net assets acquired | $ | 3,789,826 |  |  | $ | — |  |  | $ | 3,789,826 |
Business Acquisition, Pro Forma Information | The following table presents the Company’s pro forma consolidated results for the three-month period ended March 31, 2024, assuming the acquisition of Eviosys had occurred on January 1, 2023. This pro forma information is presented for informational purposes only and does not purport to represent the results of operations that would have been achieved if the acquisition had been completed at the beginning of 2023, nor is it necessarily indicative of future consolidated results.
Pro Forma Supplemental Information |  |  | Three Months Ended |
Consolidated |  |  | March 31, 2024 |
Net sales |  |  | $ | 1,839,570 |  |
Net income from continuing operations |  |  | $ | 8,146 |  |
Net income attributable to Sonoco 1 |  |  | $ | 37,859 |  |
1 Includes results of discontinued operations

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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