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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 04, 2021
Jun. 28, 2020
Jul. 04, 2021
Jun. 28, 2020
Income Statement [Abstract]        
Net sales $ 1,382,754 $ 1,245,485 $ 2,736,058 $ 2,548,781
Cost of sales 1,120,101 997,502 2,195,504 2,034,208
Gross profit 262,653 247,983 540,554 514,573
Selling, general and administrative expenses 128,807 121,371 274,037 245,259
Restructuring/Asset impairment (income)/charges (1,445) 22,885 5,401 35,484
Loss on divestiture of business 0 0 5,516 0
Operating profit 135,291 103,727 255,600 233,830
Non-operating pension costs 555,009 7,600 562,293 15,179
Interest expense 17,513 19,563 36,014 36,092
Interest income 2,719 878 3,489 1,362
Loss from the early extinguishment of debt 20,184 0 20,184 0
(Loss)/Income before income taxes (454,696) 77,442 (359,402) 183,921
(Benefit from)/Provision for income taxes (118,151) 23,230 (94,106) 49,986
(Loss)/Income before equity in earnings of affiliates (336,545) 54,212 (265,296) 133,935
Equity in earnings of affiliates, net of tax 2,306 778 3,350 1,291
Net (loss)/income (334,239) 54,990 (261,946) 135,226
Net loss attributable to noncontrolling interests 169 221 172 430
Net (loss)/income attributable to Sonoco $ (334,070) $ 55,211 $ (261,774) $ 135,656
Weighted average common shares outstanding:        
Basic (in shares) 100,082 100,971 100,571 100,915
Diluted (in shares) 100,082 101,109 100,571 101,109
Net (loss)/income attributable to Sonoco:        
Basic (in usd per share) $ (3.34) $ 0.55 $ (2.60) $ 1.34
Diluted (in usd per share) $ (3.34) $ 0.55 $ (2.60) $ 1.34