SONOCO PRODUCTS CO
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Item 15. Exhibits and Financial Statement Schedules
| (a) | 1 | Financial Statements – The following financial statements are provided under Item 8 – Financial Statements and Supplementary Data of this Annual Report on Form 10-K: |
|---|---|---|
| – Report of Independent Registered Public Accounting Firm (PCAOB ID 238) | ||
| – Consolidated Statements of Comprehensive Income for the years ended December 31, 2023, 2022, and 2021 | ||
| – Consolidated Statements of Changes in Total Equity for the years ended December 31, 2023, 2022, and 2021 | ||
| – Notes to Consolidated Financial Statements | ||
| 2 | Financial Statement Schedules | |
| Column A · Column B · Column C - Additions · Column D · Column E | ||||||||
|---|---|---|---|---|---|---|---|---|
| Description · Balance atBeginningof Year · Charged toCosts andExpenses · Charged toOther · Deductions · Balanceat Endof Year | ||||||||
| Allowance for Doubtful Accounts | $16,879 | $7,361 | $180 | 1 | $2,759 | 2 | $21,661 | |
| LIFO Reserve | 51,342 | (11,814) | 3 | — | — | 39,528 | ||
| Valuation Allowance on Deferred Tax Assets | 82,046 | 4,487 | (15,872) | 4 | — | 5 | 70,661 | |
| Allowance for Doubtful Accounts | $19,651 | $(327) | $(108) | 1 | $2,337 | 2 | $16,879 | |
| LIFO Reserve | 22,900 | 28,442 | 3 | — | — | 51,342 | ||
| Valuation Allowance on Deferred Tax Assets | 93,992 | (10,582) | (1,440) | 4 | (76) | 5 | 82,046 | |
| Allowance for Doubtful Accounts | $20,920 | $(824) | $(18) | 1 | $427 | 2 | $19,651 | |
| LIFO Reserve | 20,317 | 2,583 | 3 | — | — | 22,900 | ||
| Valuation Allowance on Deferred Tax Assets | 128,435 | (33,532) | (866) | 4 | 45 | 5 | 93,992 | |
1 Includes translation adjustments and other insignificant adjustments.
2 Includes amounts written off.
3 Includes adjustments based on pricing and inventory levels.
4 Includes translation adjustments and increases to deferred tax assets which were previously fully reserved.
5 Includes utilization of capital loss carryforwards, net operating loss carryforwards and other deferred tax assets.
All other schedules not included have been omitted because they are not required, are not applicable or the required information is given in the financial statements or notes thereto.
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