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Acquisitions and Divestitures (Tables)

3 Months Ended

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 Sonoco1									$	37,859

1 Includes results of discontinued operations

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

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- References

No definition available.

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X

- 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

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