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Acquisitions and Divestitures (Tables) | 6 Months Ended
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Jun. 29, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Preliminary Fair Value Of Assets Acquired And Measurement Period Adjustments | The Company’s initial preliminary fair values of the assets acquired and liabilities assumed in the Eviosys acquisition, as well as updated preliminary fair values reflecting adjustments made during the measurement period, are as follows:
| Initial Preliminary Allocation |  | Measurement Period Adjustments |  | Updated Preliminary Allocation
Trade accounts receivable | $ | 300,385 |  |  | — |  |  | $ | 300,385 |
Other receivables | 114,634 |  |  | 1,079 |  |  | 115,713 |
Inventories | 445,945 |  |  | 404 |  |  | 446,349 |
Prepaid expenses | 47,509 |  |  | (2,977) |  |  | 44,532 |
Property, plant and equipment | 1,057,779 |  |  | (28,434) |  |  | 1,029,345 |
Right of use asset - operating leases | 43,566 |  |  | — |  |  | 43,566 |
Other intangible assets | 1,967,678 |  |  | 10,859 |  |  | 1,978,537 |
Goodwill | 1,285,518 |  |  | (32,335) |  |  | 1,253,183 |
Long-term deferred income taxes | 39,023 |  |  | (388) |  |  | 38,635 |
Other assets | 3,330 |  |  | 24 |  |  | 3,354 |
Payable to suppliers | (518,766) |  |  | 1,672 |  |  | (517,094) |
Accrued expenses and other | (168,529) |  |  | 324 |  |  | (168,205) |
Accrued wages and other compensation | (41,749) |  |  | (57) |  |  | (41,806) |
Notes payable and current portion of long-term debt | (76,438) |  |  | (5) |  |  | (76,443) |
Noncurrent operating lease liabilities | (32,022) |  |  | — |  |  | (32,022) |
Pension and other postretirement benefits | (51,849) |  |  | — |  |  | (51,849) |
Long-term debt | — |  |  | (34) |  |  | (34) |
Deferred income taxes | (599,941) |  |  | 32,947 |  |  | (566,994) |
Other long-term liabilities | (16,714) |  |  | 393 |  |  | (16,321) |
Noncontrolling interests | (9,533) |  |  | — |  |  | (9,533) |
Net assets acquired | $ | 3,789,826 |  |  | $ | (16,528) |  |  | $ | 3,773,298 |
Summary of Business Combination, Pro Forma Information | The following table presents the Company’s pro forma consolidated results for the three- and six-month periods ended June 30, 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 | Six Months Ended
Consolidated |  |  | June 30, 2024 | June 30, 2024
Net sales |  |  | $ | 1,880,085 |  | $ | 3,719,655 |
Net income from continuing operations |  |  | $ | 78,215 |  | $ | 86,361 |
Net income attributable to Sonoco 1 |  |  | $ | 111,725 |  | $ | 149,584 |
1 Includes results of discontinued operations
Schedule of Acquisition, Integration, and Divestiture-Related Costs | Acquisition, integration, and divestiture-related costs from continuing operations during the three- and six-month periods ended June 29, 2025 and June 30, 2024 were recorded in the Company’s Condensed Consolidated Statements of Income as follows:
| Three Months Ended |  | Six Months Ended
| June 29, 2025 |  | June 30, 2024 |  | June 29, 2025 |  | June 30, 2024
Cost of sales | $ | 91 |  |  | $ | — |  |  | $ | 18,041 |  |  | $ | — |
Selling, general and administrative expenses | 11,070 |  |  | 22,092 |  |  | 20,386 |  |  | 27,596 |
Total acquisition, integration, and divestiture-related costs | $ | 11,161 |  |  | $ | 22,092 |  |  | $ | 38,427 |  |  | $ | 27,596 |

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