v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 31, 2024
 [1]
Current Assets    
Cash and cash equivalents $ 329,800 $ 431,010
Trade accounts receivable, net of allowances 1,055,765 907,526
Other receivables 211,963 175,877
Inventories, net:    
Finished and in process 651,460 494,090
Materials and supplies 631,774 522,049
Prepaid expenses 155,856 197,134
Current assets of discontinued operations 0 450,874
Total Current Assets 3,036,618 3,178,560
Property, Plant and Equipment, Net 2,883,135 2,718,747
Goodwill 2,678,045 2,525,657
Other Intangible Assets, Net 2,755,292 2,586,698
Deferred Income Taxes 94,408 17,371
Right of Use Asset-Operating Leases 318,036 307,688
Other Assets 204,890 208,759
Non-current assets of discontinued operations 0 964,310
Total Assets 11,970,424 12,507,790
Current Liabilities    
Payable to suppliers 1,214,260 1,130,500
Accrued expenses and other 600,988 604,455
Notes payable and current portion of long-term debt 436,880 2,054,525
Accrued taxes 171,046 6,755
Current liabilities of discontinued operations 0 242,056
Total Current Liabilities 2,423,174 4,038,291
Long-term Debt, Net of Current Portion 4,986,643 4,985,496
Noncurrent Operating Lease Liabilities 268,181 258,735
Pension and Other Postretirement Benefits 183,926 180,827
Deferred Income Taxes 573,916 583,470
Other Liabilities 283,751 60,847
Non-current liabilities of discontinued operations 0 113,911
Total Liabilities 8,719,591 10,221,577
Commitments and Contingencies (See Note 18)
Common stock, no par value    
Authorized 300,000 shares; 98,628 and 98,260 shares issued and outstanding at June 29, 2025 and December 31, 2024, respectively 7,175 7,175
Capital in excess of stated value 183,339 183,250
Accumulated other comprehensive income/(loss) 17,363 (502,734)
Retained earnings 3,027,647 2,583,923
Total Sonoco Shareholders’ Equity 3,235,524 2,271,614
Noncontrolling Interests 15,309 14,599
Total Equity 3,250,833 2,286,213
Total Liabilities and Equity $ 11,970,424 $ 12,507,790
[1] The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America (the “United States” or “U.S.”).