v3.25.2
Acquisitions and Divestitures (Tables)
 6 Months Ended
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 receivables114,634 1,079 115,713 
Inventories445,945 404 446,349 
Prepaid expenses47,509 (2,977)44,532 
Property, plant and equipment1,057,779 (28,434)1,029,345 
Right of use asset - operating leases43,566 — 43,566 
Other intangible assets1,967,678 10,859 1,978,537 
Goodwill1,285,518 (32,335)1,253,183 
Long-term deferred income taxes39,023 (388)38,635 
Other assets3,330 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 EndedSix Months Ended
ConsolidatedJune 30, 2024June 30, 2024
Net sales$1,880,085 $3,719,655 
Net income from continuing operations$78,215 $86,361 
Net income attributable to Sonoco1
$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 EndedSix Months Ended
  
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Cost of sales$91 $— $18,041 $— 
Selling, general and administrative expenses11,070 22,092 20,386 27,596 
Total acquisition, integration, and divestiture-related costs$11,161 $22,092 $38,427 $27,596