XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Income Statement [Abstract]    
Net sales $ 1,770,982 $ 1,353,304
Cost of sales 1,399,417 1,075,403
Gross profit 371,565 277,901
Selling, general and administrative expenses 190,362 145,230
Restructuring/Asset impairment charges 12,142 6,846
Loss on divestiture of business 0 5,516
Operating profit 169,061 120,309
Non-operating pension costs 1,324 7,284
Interest expense 20,581 18,501
Interest income 1,516 770
Income before income taxes 148,672 95,294
Provision for income taxes 35,289 24,045
Income before equity in earnings of affiliates 113,383 71,249
Equity in earnings of affiliates, net of tax 2,224 1,044
Net income 115,607 72,293
Net (income)/loss attributable to noncontrolling interests (274) 4
Net income attributable to Sonoco $ 115,333 $ 72,297
Weighted average common shares outstanding:    
Basic (in shares) 97,924 101,046
Diluted (in shares) 98,554 101,492
Net income attributable to Sonoco:    
Basic (in usd per share) $ 1.18 $ 0.72
Diluted (in usd per share) $ 1.17 $ 0.71