Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 28, 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		(54,044)		1,003,735
Right of use asset - operating leases	43,566		—		43,566
Other intangible assets	1,967,678		42,379		2,010,057
Goodwill	1,285,518		(53,699)		1,231,819
Deferred income taxes	39,023		10,767		49,790
Other assets	3,330		24		3,354
Payable to suppliers	(518,766)		1,672		(517,094)
Accrued expenses and other payables	(168,529)		(227)		(168,756)
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)		36,944		(562,997)
Other liabilities	(16,714)		1,246		(15,468)
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 nine-month periods ended September 29, 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		Nine Months Ended
Consolidated	September 29, 2024		September 29, 2024
Net sales	$	2,059,353	$	5,779,008
Net income from continuing operations	$	61,431	$	147,792
Net income attributable to Sonoco1	$	81,202	$	230,786

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 nine-month periods ended September 28, 2025 and September 29, 2024 were recorded in the Company’s Condensed Consolidated Statements of Income as follows:


	Three Months Ended				Nine Months Ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
Cost of sales	$	159	$	—	$	18,200	$	—
Selling, general and administrative expenses	9,159		15,605		29,545		43,201
Interest expense	—		30,181		—		30,181
Total acquisition, integration, and divestiture-related costs	$	9,318	$	45,786	$	47,745	$	73,382