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Restructuring and Asset Impairment (Tables) | 3 Months Ended
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Mar. 31, 2019
Restructuring and Related Activities [Abstract] |
Total restructuring and asset impairment charges/(credits), net | Following are the total restructuring and asset impairment charges, net of adjustments, recognized by the Company during the periods presented:
|  |  |  | Three Months Ended |  |  |  |
|  |  |  | March 31, 2019 |  |  |  | April 1, 2018
Restructuring/Asset impairment: |  |  |  |  |  |  |  |
2019 Actions |  |  |  | $ | 6,389 |  |  |  | $ | —
2018 Actions |  |  |  | 4,046 |  |  |  | 2,207
2017 and Earlier Actions |  |  |  | 237 |  |  |  | 856
Restructuring/Asset impairment charges |  |  |  | 10,672 |  |  |  | 3,063
Income tax benefit |  |  |  | (2,638) |  |  |  | (685)
Less: Costs attributable to noncontrolling interests, net of tax |  |  |  | (69) |  |  |  | (5)
Restructuring/asset impairment charges attributable to Sonoco, net of tax |  |  |  | $ | 7,965 |  |  |  | $ | 2,373
Actions and related expenses by segment and by type incurred and estimated for current year | Below is a summary of 2019 Actions and related expenses by segment and by type incurred and estimated to be incurred through completion.
2019 Actions |  | First Quarter 2019 |  |  |  | Estimated Total Cost
Severance and Termination Benefits |  |  |  |  |  |
Consumer Packaging |  | $ | 2,989 |  |  |  | $ | 6,639
Paper and Industrial Converted Products |  | 422 |  |  |  | 422
Protective Solutions |  | 341 |  |  |  | 341
Corporate |  | 1,726 |  |  |  | 1,876
Asset Impairment / Disposal of Assets |  |  |  |  |  |
Consumer Packaging |  | 312 |  |  |  | 312
Other Costs |  |  |  |  |  |
Consumer Packaging |  | 442 |  |  |  | 442
Display and Packaging |  | 155 |  |  |  | 255
Paper and Industrial Converted Products |  | 2 |  |  |  | 2
Total Charges and Adjustments |  | $ | 6,389 |  |  |  | $ | 10,289
Restructuring accrual activity for current year | The following table sets forth the activity in the 2019 Actions restructuring accrual included in “Accrued expenses and other” on the Company’s Condensed Consolidated Balance Sheets:
2019 Actions |  | Severance and Termination Benefits |  | Asset Impairment/ Disposal of Assets |  | Other Costs |  | Total
Accrual Activity 2019 Year to Date |  |  |  |  |  |  |  |
Liability at December 31, 2018 |  | $ | — |  | $ | — |  | $ | — |  | $ | —
2019 charges |  | 5,478 |  | 312 |  | 599 |  | 6,389
Cash receipts/(payments) |  | (3,165) |  | — |  | (212) |  | (3,377)
Asset write downs/disposals |  | — |  | (312) |  | — |  | (312)
Foreign currency translation |  | (1) |  | — |  | — |  | (1)
Liability at March 31, 2019 |  | $ | 2,312 |  | $ | — |  | $ | 387 |  | $ | 2,699
Actions and related expenses by segment and by type incurred and estimated in prior year | Below is a summary of 2018 Actions and related expenses by segment and by type incurred and estimated to be incurred through completion.
|  |  |  | Three Months Ended |  |  |  |  |  |  |  |
2018 Actions |  |  |  | March 31, 2019 |  |  |  | April 1, 2018 |  |  |  |
Severance and Termination Benefits |  |  |  |  |  |  |  |  |  |  |  |
Consumer Packaging |  |  |  | $ | 641 |  |  |  | $ | 788 |  | $ | 5,341 |  | $ | 5,341
Display and Packaging |  |  |  | 2 |  |  |  | 175 |  | 1,941 |  | 1,941
Paper and Industrial Converted Products |  |  |  | 169 |  |  |  | 991 |  | 3,280 |  | 3,280
Protective Solutions |  |  |  | (1) |  |  |  | 259 |  | 1,074 |  | 1,074
Corporate |  |  |  | — |  |  |  | 223 |  | 243 |  | 243
Asset Impairment / Disposal of Assets |  |  |  |  |  |  |  |  |  |  |  |
Consumer Packaging |  |  |  | 1,007 |  |  |  | (14) |  | 3,695 |  | 3,695
Display and Packaging |  |  |  | 87 |  |  |  | (272) |  | 4,712 |  | 4,712
Paper and Industrial Converted Products |  |  |  | 226 |  |  |  | — |  | 344 |  | 344
Protective Solutions |  |  |  | — |  |  |  | — |  | (243) |  | (243)
Other Costs |  |  |  |  |  |  |  |  |  |  |  |
Consumer Packaging |  |  |  | 1,809 |  |  |  | 11 |  | 4,199 |  | 5,049
Display and Packaging |  |  |  | 48 |  |  |  | — |  | 9,898 |  | 10,048
Paper and Industrial Converted Products |  |  |  | 40 |  |  |  | — |  | 1,801 |  | 1,901
Protective Solutions |  |  |  | 18 |  |  |  | 46 |  | 64 |  | 64
Corporate |  |  |  | — |  |  |  | — |  | (10) |  | (10)
Total Charges and Adjustments |  |  |  | $ | 4,046 |  |  |  | $ | 2,207 |  | $ | 36,339 |  | $ | 37,439
Restructuring accrual activity for given years | The following table sets forth the activity in the 2018 Actions restructuring accrual included in “Accrued expenses and other” on the Company’s Condensed Consolidated Balance Sheets:
2018 Actions |  | Severance and Termination Benefits |  | Asset Impairment/ Disposal of Assets |  | Other Costs |  | Total
Accrual Activity 2019 Year to Date |  |  |  |  |  |  |  |
Liability at December 31, 2018 |  | $ | 3,194 |  | $ | — |  | $ | 179 |  | $ | 3,373
2019 charges |  | 811 |  | 1,320 |  | 1,915 |  | 4,046
Cash receipts/(payments) |  | (1,961) |  | 422 |  | (1,977) |  | (3,516)
Asset write downs/disposals |  | — |  | (1,742) |  | — |  | (1,742)
Foreign currency translation |  | 1 |  | — |  | 3 |  | 4
Liability at March 31, 2019 |  | $ | 2,045 |  | $ | — |  | $ | 120 |  | $ | 2,165
Actions and related expenses by segment and by type incurred and estimated for given years | Below is a summary of expenses/(income) incurred by segment for 2017 and Earlier Actions for the three-month periods ended March 31, 2019 and April 1, 2018.
|  |  |  | Three Months Ended |  |  |  |
2017 and Earlier Actions |  |  |  | March 31, 2019 |  |  |  | April 1, 2018
Consumer Packaging |  |  |  | $ | 55 |  |  |  | $ | 944
Display and Packaging |  |  |  | 83 |  |  |  | (189)
Paper and Industrial Converted Products |  |  |  | 15 |  |  |  | (144)
Protective Solutions |  |  |  | 84 |  |  |  | 245
Total (credits)/charges, net of adjustments |  |  |  | $ | 237 |  |  |  | $ | 856

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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