v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
 [1]
Current Assets    
Cash and cash equivalents $ 140,233 $ 151,937
Trade accounts receivable, net of allowances 960,262 904,898
Other receivables 109,575 106,644
Inventories, net:    
Finished and in process 341,952 324,910
Materials and supplies 390,621 448,591
Prepaid expenses 171,820 113,385
Total Current Assets 2,114,463 2,050,365
Property, Plant and Equipment, Net 1,893,404 1,906,137
Goodwill 1,769,519 1,810,654
Other Intangible Assets, Net 803,911 853,670
Deferred Income Taxes 27,531 31,329
Right of Use Asset-Operating Leases 313,650 314,944
Other Assets 232,186 224,858
Total Assets 7,154,664 7,191,957
Current Liabilities    
Payable to suppliers 730,563 707,490
Accrued expenses and other 402,758 400,014
Notes payable and current portion of long-term debt 485,479 47,132
Accrued taxes 7,333 10,641
Total Current Liabilities 1,626,133 1,165,277
Long-term Debt, Net of Current Portion 2,541,929 3,035,868
Noncurrent Operating Lease Liabilities 267,493 265,454
Pension and Other Postretirement Benefits 140,011 142,900
Deferred Income Taxes 91,999 100,788
Other Liabilities 45,232 49,835
Commitments and Contingencies
Common stock, no par value    
Authorized 300,000 shares 98,258 and 97,957 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 7,175 7,175
Capital in excess of stated value 167,114 159,047
Accumulated other comprehensive loss (418,317) (366,262)
Retained earnings 2,678,673 2,624,380
Total Sonoco Shareholders’ Equity 2,434,645 2,424,340
Noncontrolling Interests 7,222 7,495
Total Equity 2,441,867 2,431,835
Total Liabilities and Equity $ 7,154,664 $ 7,191,957
[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.”).