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Restructuring and Asset Impairment (Tables)

3 Months Ended

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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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

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-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

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-Name Accounting Standards Codification
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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

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-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

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