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Segment Reporting (Tables)
 3 Months Ended
Mar. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Financial Information
The following table sets forth financial information about each of the Company’s reportable segments:
SEGMENT FINANCIAL INFORMATION 
Three-month period ended March 30, 2025Consumer PackagingIndustrial Paper PackagingTotal Reportable Segments
Sales from external customers$1,066,593 $557,709 $1,624,302 
Intersegment sales(1)
2,769 27,015 29,784 
$1,069,362 $584,724 $1,654,086 
Reconciliation of sales
Other sales(2)
86,289 
Elimination of intersegment sales(31,147)
Total consolidated sales$1,709,228 
Less:(3)
Cost of sales(4)
(853,732)(421,983)
Other segment items(5)
(74,859)(91,617)
Segment operating profit$140,771 $71,124 $211,895 
Other segment disclosures:
Equity in (loss)/earnings of affiliates, net of tax$(51)$1,972 
Depreciation, depletion and amortization(6)
$48,955 $28,333 

(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.
Three-month period ended March 31, 2024Consumer PackagingIndustrial Paper PackagingTotal Reportable Segments
Sales from external customers$581,670 $593,060 $1,174,730 
Intersegment sales(1)
1,775 28,417 $30,192 
$583,445 $621,477 $1,204,922 
Reconciliation of sales
Other sales(2)
135,697 
Elimination of intersegment sales(31,983)
Total consolidated sales$1,308,636 
Less:(3)
Cost of sales(4)
(479,490)(459,134)
Other segment items(5)
(45,388)(96,499)
Segment operating profit$58,567 $65,844 $124,411 
Other segment disclosures:
Equity in earnings of affiliates, net of tax$13 $1,124 
Depreciation, depletion and amortization(6)
$24,897 $28,503 

(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.
The following table sets forth the reconciliation of segment operating profit to “Income from continuing operations before income taxes” for the periods presented.
Three Months Ended
March 30, 2025March 31, 2024
Segment operating profit$211,895 $124,411 
Other operating profits(1)
11,926 17,125 
Unallocated amounts:
Restructuring/Asset impairment charges(13,581)(31,010)
Amortization of acquisition intangibles(41,961)(17,894)
Loss from divestiture of business and other assets
(4,183)— 
Acquisition, integration and divestiture-related costs(27,266)(5,504)
Changes in LIFO inventory reserves(562)(431)
Derivative gains2,949 286 
Other corporate costs(2)
(11,098)(11,088)
Other operating charges, net(3)
(1,259)(3,323)
Other expenses, net(4)
(6,517)— 
Non-operating pension costs(3,121)(3,295)
Interest expense(56,027)(30,164)
Interest income7,348 3,133 
Income from continuing operations before income taxes$68,543 $42,246 
(1)
Operating profit from segments below the quantitative threshold are attributable to the group of businesses within All Other.
(2)
Other corporate costs represent recurring operating expenses previously allocated to TFP that will remain with Sonoco subsequent to the divestiture.
(3)
Primarily consists of highly inflationary accounting in Turkey and other miscellaneous charges in both 2025 and 2024.
(4)
These expenses relate to charges from third-party financial institutions related to the Company’s centralized treasury program under which the Company sells certain trade accounts receivables in order to accelerate its cash collection cycle, primarily within the Consumer Packaging segment.
The following table sets forth the reconciliation of other segment disclosures to consolidated totals for the periods presented.
Three Months Ended
March 30, 2025March 31, 2024
Equity in (loss)/earnings of affiliates, net of tax
Consumer Packaging$(51)$13 
Industrial Paper Packaging1,972 1,124 
Reportable Segment Total1,921 1,137 
Adjustments— — 
Consolidated Total$1,921 $1,137 
Depreciation, depletion and amortization
Consumer Packaging$48,955 $24,897 
Industrial Paper Packaging28,333 28,503 
Reportable Segment Total77,288 53,400 
Other(1)
44,515 21,546 
Consolidated Total$121,803 $74,946 
(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.