XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Oct. 03, 2021
Sep. 27, 2020
Oct. 03, 2021
Sep. 27, 2020
Income Statement [Abstract]        
Net sales $ 1,415,193 $ 1,312,314 $ 4,151,251 $ 3,861,095
Cost of sales 1,157,462 1,055,304 3,352,966 3,089,512
Gross profit 257,731 257,010 798,285 771,583
Selling, general and administrative expenses 130,580 126,117 404,617 371,376
Restructuring/Asset impairment charges 3,488 24,149 8,889 59,633
Gain/(Loss) on divestiture of businesses 2,849 0 (2,667) 0
Operating profit 126,512 106,744 382,112 340,574
Non-operating pension costs 525 7,453 562,818 22,632
Interest expense 14,753 19,377 50,767 55,469
Interest income 534 796 4,023 2,158
Loss from the early extinguishment of debt 0 0 20,184 0
Income/(Loss) before income taxes 111,768 80,710 (247,634) 264,631
Provision for/(Benefit from) income taxes 2,564 (649) (91,542) 49,337
Income/(Loss) before equity in earnings of affiliates 109,204 81,359 (156,092) 215,294
Equity in earnings of affiliates, net of tax 2,351 1,939 5,701 3,230
Net income/(loss) 111,555 83,298 (150,391) 218,524
Net (income)/loss attributable to noncontrolling interests (415) 151 (243) 581
Net income/(loss) attributable to Sonoco $ 111,140 $ 83,449 $ (150,634) $ 219,105
Weighted average common shares outstanding:        
Basic (in shares) 98,955 100,974 100,039 100,935
Diluted (in shares) 99,425 101,245 100,039 101,155
Net income/(loss) attributable to Sonoco:        
Basic (in usd per share) $ 1.12 $ 0.83 $ (1.51) $ 2.17
Diluted (in usd per share) $ 1.12 $ 0.82 $ (1.51) $ 2.17