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Segment Reporting
 9 Months Ended
Sep. 28, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company’s operating and reporting structure consists of two reportable segments, Consumer Packaging and Industrial Paper Packaging, with all remaining businesses reported as All Other.
The products produced and sold within the Consumer Packaging segment are generally used to package a variety of consumer products and consist primarily of round and shaped rigid paper, steel and plastic containers; and metal and peelable membrane ends, closures, and components.
The primary products produced and sold within the Industrial Paper Packaging segment include paperboard tubes, cones, and cores; paper-based protective packaging; and uncoated recycled paperboard.
The primary products produced within the All Other group of businesses consist of a variety of packaging materials, including plastic, paper, foam, and various other specialty materials.
The Company’s chief operating decision maker (“CODM”) is the chief executive officer. The CODM assesses segment performance and allocates resources to each segment by using each segment’s operating profit. The CODM uses operating profit for each segment in the annual budgeting and forecasting process and reviews segment operating profit quarterly when making decisions about allocating capital and operating resources to segments. Disaggregated assets by segment are not disclosed since segment assets are not regularly provided to the CODM.
Segment operating profit viewed by the Company to evaluate segment performance does not include the following: restructuring/asset impairment charges; amortization of acquisition intangibles; gains/losses from the sale of businesses or other assets; acquisition, integration and divestiture-related costs; changes in last-in, first-out (“LIFO”) inventory reserves; derivative gains/losses; or certain other items, if any, the exclusion of which the Company’s management believes improves the comparability and analysis of the ongoing operating performance of the business. All other general corporate expenses have been allocated as operating costs to each of the Company’s reportable segments and the All Other group of businesses, except for costs related to discontinued operations.
The following table sets forth financial information about each of the Company’s reportable segments:
SEGMENT FINANCIAL INFORMATION 
Three-month period ended September 28, 2025Consumer PackagingIndustrial Paper PackagingTotal Reportable Segments
Sales from external customers$1,438,246 $584,969 $2,023,215 
Intersegment sales(1)
5,087 32,103 37,190 
1,443,333 617,072 2,060,405 
Reconciliation of sales
Other sales(2)
109,000 
Elimination of intersegment sales(38,297)
Total consolidated sales2,131,108 
Less:(3)
Cost of sales(4)
(1,153,538)(433,109)
Other segment items(5)
(80,810)(94,106)
Segment operating profit$208,985 $89,857 $298,842 
Other segment disclosures:
Equity in earnings of affiliates, net of tax$190 $2,830 
Depreciation and amortization(6)
50,419 29,955 
Three-month period ended September 29, 2024Consumer PackagingIndustrial Paper PackagingTotal Reportable Segments
Sales from external customers$662,297 $585,082 $1,247,379 
Intersegment sales(1)
2,057 26,678 28,735 
664,354 611,760 1,276,114 
Reconciliation of sales
Other sales(2)
109,148 
Elimination of intersegment sales(30,610)
Total consolidated sales1,354,652 
Less:(3)
Cost of sales(4)
(522,461)(456,216)
Other segment items(5)
(45,598)(85,338)
Segment operating profit$96,295 $70,206 $166,501 
Other segment disclosures:
Equity in earnings of affiliates, net of tax$369 $2,438 
Depreciation and amortization(6)
25,576 28,989 

Nine-month period ended September 28, 2025Consumer PackagingIndustrial Paper PackagingTotal Reportable Segments
Sales from external customers$3,731,872 $1,730,917 $5,462,789 
Intersegment sales(1)
10,404 85,640 96,044 
3,742,276 1,816,557 5,558,833 
Reconciliation of sales
Other sales(2)
291,630 
Elimination of intersegment sales(99,686)
Total consolidated sales5,750,777 
Less:(3)
Cost of sales(4)
(2,996,754)(1,298,063)
Other segment items(5)
(235,413)(276,282)
Segment operating profit$510,109 $242,212 $752,321 
Other segment disclosures:
Equity in earnings of affiliates, net of tax$309 $6,902 
Depreciation and amortization(6)
152,175 88,126 
Nine-month period ended September 29, 2024Consumer PackagingIndustrial Paper PackagingTotal Reportable Segments
Sales from external customers$1,827,018 $1,778,912 $3,605,930 
Intersegment sales(1)
5,881 81,982 87,863 
1,832,899 1,860,894 3,693,793 
Reconciliation of sales
Other sales(2)
341,684 
Elimination of intersegment sales(93,388)
Total consolidated sales3,942,089 
Less:(3)
Cost of sales(4)
(1,464,518)(1,381,687)
Other segment items(5)
(139,763)(276,199)
Segment operating profit$228,618 $203,008 $431,626 
Other segment disclosures:
Equity in earnings of affiliates, net of tax$416 $5,802 
Depreciation and amortization(6)
75,705 86,133 
(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 EndedNine Months Ended
September 28, 2025September 29, 2024September 28, 2025September 29, 2024
Segment operating profit$298,842 $166,501 $752,321 $431,626 
Other operating profits(1)
18,302 17,440 43,337 48,430 
Unallocated amounts:
Restructuring/Asset impairment charges(48,388)(6,149)(71,721)(55,122)
Amortization of acquisition intangibles(49,034)(17,624)(135,188)(52,997)
Loss on divestiture of business(3,031)(31,770)(9,297)(27,292)
Acquisition, integration and divestiture-related costs(9,318)(15,605)(47,745)(43,201)
Changes in LIFO inventory reserves— (790)(1,755)197 
Derivative (losses)/gains(2,035)210 (1,240)3,981 
Other corporate costs, net(2)
(8,804)(10,368)(27,657)(34,091)
Other operating (charges)/income, net(3)
(1,568)263 (3,562)(1,040)
Other (expense)/income, net(4)
(7,541)— (20,617)5,867 
Non-operating pension costs(3,054)(2,947)(9,157)(10,412)
Interest expense(61,243)(60,643)(181,637)(119,481)
Interest income4,634 5,585 16,104 11,777 
Income from continuing operations before income taxes$127,762 $44,103 $302,186 $158,242 
(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, net of income earned under a transition services agreement with Toppan.
(3)
Primarily consists of highly inflationary accounting in Turkey and other miscellaneous charges in both 2025 and 2024.
(4)
In 2025, 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 receivable in order to accelerate its cash collection cycle, primarily within the Consumer Packaging segment. In 2024, the income related primarily to the fair value remeasurement of an equity investment.
The following table sets forth the reconciliation of other segment disclosures to consolidated totals for the periods presented.
Three Months EndedNine Months Ended
September 28, 2025September 29, 2024September 28, 2025September 29, 2024
Equity in earnings of affiliates, net of tax
Consumer Packaging$190 $369 $309 $416 
Industrial Paper Packaging2,830 2,438 6,902 5,802 
Reportable Segment Total3,020 2,807 7,211 6,218 
Adjustments— — — — 
Consolidated Total$3,020 $2,807 $7,211 $6,218 
Depreciation and amortization
Consumer Packaging$50,419 $25,576 $152,175 $75,705 
Industrial Paper Packaging29,955 28,989 88,126 86,133 
Reportable Segment Total80,374 54,565 240,301 161,838 
Other(1)
51,282 20,353 142,633 62,095 
Consolidated Total$131,656 $74,918 $382,934 $223,933 
(1)
Other represents depreciation and amortization expense for the All Other group of businesses and total amortization of acquisition intangibles for Sonoco, excluding discontinued operations.