$SON
SONOCO PRODUCTS CO

2023 Q4 Form 10-Q Financial Statement

#000009176723000065 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $1.710B $1.705B
YoY Change -9.51% -10.87%
Cost Of Revenue $1.346B $1.348B
YoY Change -11.62% -11.69%
Gross Profit $364.3M $357.3M
YoY Change -0.79% -7.67%
Gross Profit Margin 21.3% 20.95%
Selling, General & Admin $182.7M $158.5M
YoY Change 11.01% -11.44%
% of Gross Profit 50.15% 44.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $85.57M $81.68M
YoY Change 0.5% 8.4%
% of Gross Profit 23.49% 22.86%
Operating Expenses $182.7M $158.5M
YoY Change 11.01% -11.44%
Operating Profit $162.9M $198.8M
YoY Change -10.45% 0.68%
Interest Expense $32.85M -$32.34M
YoY Change 22.96% -235.05%
% of Operating Profit 20.16% -16.27%
Other Income/Expense, Net $36.94M -$3.342M
YoY Change -3057.81% 99.28%
Pretax Income $166.8M $152.2M
YoY Change 7.51% -11.85%
Income Tax $39.35M $40.74M
% Of Pretax Income 23.59% 26.77%
Net Earnings $130.7M $114.6M
YoY Change 6.97% -12.93%
Net Earnings / Revenue 7.64% 6.72%
Basic Earnings Per Share $1.33 $1.17
Diluted Earnings Per Share $1.32 $1.16
COMMON SHARES
Basic Shares Outstanding 98.34M shares 98.33M shares
Diluted Shares Outstanding 98.91M shares 98.87M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $257.9M $319.2M
YoY Change 41.54% 82.41%
Cash & Equivalents $257.9M $319.2M
Short-Term Investments
Other Short-Term Assets $91.09M $87.87M
YoY Change -28.2% -14.34%
Inventory $826.0M $942.5M
Prepaid Expenses $91.09M $87.87M
Receivables $964.1M $950.4M
Other Receivables $40.99M $59.84M
Total Short-Term Assets $2.240B $2.360B
YoY Change -7.11% -0.7%
LONG-TERM ASSETS
Property, Plant & Equipment $1.826B $2.135B
YoY Change 12.23% 31.05%
Goodwill $1.762B $1.682B
YoY Change 7.34% 1.42%
Intangibles $873.5M $694.8M
YoY Change 23.08% -5.24%
Long-Term Investments $56.40M
YoY Change -4.68%
Other Assets $225.4M $177.8M
YoY Change -15.36% -34.85%
Total Long-Term Assets $5.030B $4.689B
YoY Change 10.2% 1.65%
TOTAL ASSETS
Total Short-Term Assets $2.240B $2.360B
Total Long-Term Assets $5.030B $4.689B
Total Assets $7.270B $7.049B
YoY Change 4.22% 0.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $695.6M $689.2M
YoY Change -21.71% -26.6%
Accrued Expenses $420.9M $353.2M
YoY Change 1.79% -8.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $42.28M $437.2M
YoY Change -89.86% 9.57%
Total Short-Term Liabilities $1.185B $1.520B
YoY Change -32.49% -12.93%
LONG-TERM LIABILITIES
Long-Term Debt $3.212B $2.716B
YoY Change 17.97% -0.43%
Other Long-Term Liabilities $40.76M $403.8M
YoY Change -1.05% 877.36%
Total Long-Term Liabilities $3.253B $3.120B
YoY Change 17.69% 12.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.185B $1.520B
Total Long-Term Liabilities $3.253B $3.120B
Total Liabilities $4.438B $4.757B
YoY Change -1.8% 5.37%
SHAREHOLDERS EQUITY
Retained Earnings $2.593B $2.513B
YoY Change 12.8% 12.94%
Common Stock $159.3M $153.0M
YoY Change 12.13% 12.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.333B $2.292B
YoY Change
Total Liabilities & Shareholders Equity $7.270B $7.049B
YoY Change 4.22% 0.85%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $130.7M $114.6M
YoY Change 6.97% -12.93%
Depreciation, Depletion And Amortization $85.57M $81.68M
YoY Change 0.5% 8.4%
Cash From Operating Activities $268.3M $250.6M
YoY Change 95.0% 36.63%
INVESTING ACTIVITIES
Capital Expenditures $93.18M $78.29M
YoY Change -213.9% -196.17%
Acquisitions
YoY Change
Other Investing Activities -$286.1M $827.0K
YoY Change 4400.8% -95.11%
Cash From Investing Activities -$379.3M -$77.46M
YoY Change 330.18% 20.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$26.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 55.90M -66.79M
YoY Change -222.13% -25.14%
NET CHANGE
Cash From Operating Activities 268.3M 250.6M
Cash From Investing Activities -379.3M -77.46M
Cash From Financing Activities 55.90M -66.79M
Net Change In Cash -55.10M 106.3M
YoY Change -1611.33% 258.19%
FREE CASH FLOW
Cash From Operating Activities $268.3M $250.6M
Capital Expenditures $93.18M $78.29M
Free Cash Flow $175.1M $172.3M
YoY Change -20.19% -34.94%

Facts In Submission

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us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
31147000 usd
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Proceeds From Issuance Of Long Term Debt
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1579750000 usd
us-gaap Repayments Of Long Term Debt And Capital Securities
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us-gaap Repayments Of Long Term Debt And Capital Securities
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us-gaap Proceeds From Repayments Of Commercial Paper
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us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
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us-gaap Increase Decrease In Outstanding Checks Financing Activities
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us-gaap Increase Decrease In Outstanding Checks Financing Activities
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments To Minority Shareholders
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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
14474000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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2423000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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30502000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11260000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
227438000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
170978000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
257940000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
182238000 usd
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BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentTaxesPayable
3416000 usd
CY2022Q4 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1890216000 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
5624118000 usd
CY2022Q4 us-gaap Business Acquisitions Pro Forma Net Income Loss
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us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
428287000 usd
CY2023Q4 son Acquisition Integration And Divestiture Related Costs
AcquisitionIntegrationAndDivestitureRelatedCosts
12472000 usd
son Acquisition Integration And Divestiture Related Costs
AcquisitionIntegrationAndDivestitureRelatedCosts
22192000 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
130749000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
122229000 usd
us-gaap Net Income Loss
NetIncomeLoss
393717000 usd
us-gaap Net Income Loss
NetIncomeLoss
369234000 usd
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98276000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97978000 shares
CY2023Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
575000 shares
CY2022Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
524000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
691000 shares
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98912000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98762000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
98800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.33
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.77
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.32
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.98
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.74
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.51
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.49
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.51
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.43
CY2021Q2 us-gaap Stock Repurchase Program Authorized Amount1
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350000000 usd
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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137972000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.49
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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0.49
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.51
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.51
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.51
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.51
CY2023Q4 us-gaap Restructuring Costs
RestructuringCosts
18110000 usd
CY2022Q4 us-gaap Restructuring Costs
RestructuringCosts
20652000 usd
us-gaap Restructuring Costs
RestructuringCosts
52981000 usd
us-gaap Restructuring Costs
RestructuringCosts
33262000 usd
CY2023Q4 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
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CY2022Q4 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
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us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 usd
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
10095000 usd
CY2023Q4 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
18110000 usd
CY2022Q4 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
20652000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
52981000 usd
us-gaap Restructuring Costs
RestructuringCosts
33262000 usd
CY2023Q4 us-gaap Restructuring Costs
RestructuringCosts
18110000 usd
CY2022Q4 us-gaap Restructuring Costs
RestructuringCosts
20652000 usd
us-gaap Restructuring Costs
RestructuringCosts
52981000 usd
CY2022Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
16069000 usd
us-gaap Restructuring Charges
RestructuringCharges
52981000 usd
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26009000 usd
us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
25956000 usd
us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-72000 usd
CY2023Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
17013000 usd
CY2023Q4 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
2300000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1675311000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
92657000 usd
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
6375000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
847000 usd
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-29000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1762411000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1410313000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1220196000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
536795000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
478598000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
873518000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
741598000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21379000 usd
CY2022Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20690000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
63082000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
60361000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
85000000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
84200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
75700000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
73200000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
70200000 usd
CY2023Q4 son Accounts Payable Supply Chain Financing
AccountsPayableSupplyChainFinancing
36484000 usd
CY2022Q4 son Accounts Payable Supply Chain Financing
AccountsPayableSupplyChainFinancing
52415000 usd
CY2023Q4 son Notes Payable Supply Chain Financing
NotesPayableSupplyChainFinancing
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CY2022Q4 son Notes Payable Supply Chain Financing
NotesPayableSupplyChainFinancing
63448000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
96054000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
102920000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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3254733000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
3222223000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
42279000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
502440000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3212454000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2719783000 usd
CY2022Q1 son Derivative Instrument Number Of Counter Parties
DerivativeInstrumentNumberOfCounterParties
2 bank
CY2022Q1 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
5201000 usd
CY2023Q4 us-gaap Other Derivatives Not Designated As Hedging Instruments At Fair Value Net
OtherDerivativesNotDesignatedAsHedgingInstrumentsAtFairValueNet
-6844000 usd
CY2022Q4 us-gaap Other Derivatives Not Designated As Hedging Instruments At Fair Value Net
OtherDerivativesNotDesignatedAsHedgingInstrumentsAtFairValueNet
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us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
10311000 usd
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
11600000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
4400000 usd
CY2023Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.248
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.237
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.245
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
2613000 usd
CY2023Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
878000 usd
CY2023Q4 son Lessee Operating Lease Number Of Renewal Options
LesseeOperatingLeaseNumberOfRenewalOptions
1 option
CY2023Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2023Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P10Y
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
311642000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
296781000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
97863000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
103467000 usd
CY2023Q4 son Lease Right Of Use Asset
LeaseRightOfUseAsset
409505000 usd
CY2022Q4 son Lease Right Of Use Asset
LeaseRightOfUseAsset
400248000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
54526000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
52306000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
19426000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
19015000 usd
CY2023Q4 son Lease Liability Current
LeaseLiabilityCurrent
73952000 usd
CY2022Q4 son Lease Liability Current
LeaseLiabilityCurrent
71321000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
262667000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
250994000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
76628000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
83905000 usd
CY2023Q4 son Lease Liability Noncurrent
LeaseLiabilityNoncurrent
339295000 usd
CY2022Q4 son Lease Liability Noncurrent
LeaseLiabilityNoncurrent
334899000 usd
CY2023Q4 son Lease Liability
LeaseLiability
413247000 usd
CY2022Q4 son Lease Liability
LeaseLiability
406220000 usd
CY2023Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
14075000 usd
CY2022Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
12863000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
41377000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
38679000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3468000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3133000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
10187000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
9122000 usd
CY2023Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1146000 usd
CY2022Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1270000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3519000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3517000 usd
CY2023Q4 us-gaap Variable Lease Cost
VariableLeaseCost
9525000 usd
CY2022Q4 us-gaap Variable Lease Cost
VariableLeaseCost
7894000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
30198000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
22416000 usd
CY2023Q4 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
0 usd
CY2022Q4 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
61000 usd
us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
0 usd
us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
293000 usd
CY2023Q4 us-gaap Lease Cost
LeaseCost
28214000 usd
CY2022Q4 us-gaap Lease Cost
LeaseCost
25221000 usd
us-gaap Lease Cost
LeaseCost
85281000 usd
us-gaap Lease Cost
LeaseCost
74027000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
41406000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
39405000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3519000 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
3517000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
12359000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9181000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11529000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
31048000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
5783000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
8224000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
2357000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
2258000 usd
son Increase Decrease In Finance Lease Liability
IncreaseDecreaseInFinanceLeaseLiability
12000 usd
son Increase Decrease In Finance Lease Liability
IncreaseDecreaseInFinanceLeaseLiability
-642000 usd
son Operating Lease Termination Reclassifications To Decrease Operating Lease Assets
OperatingLeaseTerminationReclassificationsToDecreaseOperatingLeaseAssets
3334000 usd
son Operating Lease Termination Reclassifications To Decrease Operating Lease Assets
OperatingLeaseTerminationReclassificationsToDecreaseOperatingLeaseAssets
4133000 usd
son Operating Lease Termination Reclasses To Decrease Operating Lease Liabilities
OperatingLeaseTerminationReclassesToDecreaseOperatingLeaseLiabilities
3834000 usd
son Operating Lease Termination Reclasses To Decrease Operating Lease Liabilities
OperatingLeaseTerminationReclassesToDecreaseOperatingLeaseLiabilities
4382000 usd
son Finance Lease Termination Reclassifications To Decrease Operating Lease Assets
FinanceLeaseTerminationReclassificationsToDecreaseOperatingLeaseAssets
0 usd
son Finance Lease Termination Reclassifications To Decrease Operating Lease Assets
FinanceLeaseTerminationReclassificationsToDecreaseOperatingLeaseAssets
1351000 usd
son Finance Lease Termination Reclasses To Decrease Operating Lease Liabilities
FinanceLeaseTerminationReclassesToDecreaseOperatingLeaseLiabilities
12000 usd
son Finance Lease Termination Reclasses To Decrease Operating Lease Liabilities
FinanceLeaseTerminationReclassesToDecreaseOperatingLeaseLiabilities
87000 usd
son Contract With Customer Payment Terms
ContractWithCustomerPaymentTerms
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ContractWithCustomerAssetNet
59782000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
56008000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
32481000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22423000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
56008000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22423000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
51106000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
18993000 usd
us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
0 usd
us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
1786000 usd
CY2022 us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
8107000 usd
CY2022 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
5418000 usd
son Contract With Customer Deferred Revenue Or Rebates Accrued
ContractWithCustomerDeferredRevenueOrRebatesAccrued
35772000 usd
CY2022 son Contract With Customer Deferred Revenue Or Rebates Accrued
ContractWithCustomerDeferredRevenueOrRebatesAccrued
57510000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
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CY2022 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Estimate Of Transaction Price
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInEstimateOfTransactionPrice
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son Contract With Customer Asset Increase From Cash Receipts
ContractWithCustomerAssetIncreaseFromCashReceipts
59782000 usd
CY2022 son Contract With Customer Asset Increase From Cash Receipts
ContractWithCustomerAssetIncreaseFromCashReceipts
56008000 usd
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
56008000 usd
CY2022 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
59213000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
59782000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
32481000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
56008000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
22423000 usd
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1890216000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5145492000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5574530000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1710419000 usd
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1890216000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5145492000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5574530000 usd
CY2023Q4 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
18110000 usd
CY2022Q4 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
20652000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
52981000 usd
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
43357000 usd
CY2023Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21379000 usd
CY2022Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20690000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
63082000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
60361000 usd
CY2023Q4 son Other Cost Credit And Expense Income Operating
OtherCostCreditAndExpenseIncomeOperating
10120000 usd
CY2022Q4 son Other Cost Credit And Expense Income Operating
OtherCostCreditAndExpenseIncomeOperating
1807000 usd
son Other Cost Credit And Expense Income Operating
OtherCostCreditAndExpenseIncomeOperating
-59602000 usd
son Other Cost Credit And Expense Income Operating
OtherCostCreditAndExpenseIncomeOperating
83838000 usd
CY2023Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
162937000 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
181942000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
580444000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
548480000 usd
CY2023Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
6960000 usd
CY2022Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
7265000 usd
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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report.css Edgar Link pending
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son-20231001.htm Edgar Link pending
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son-20231001_htm.xml Edgar Link completed