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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Jul. 03, 2022
Jul. 04, 2021
Income Statement [Abstract]        
Net sales $ 1,913,332 $ 1,382,754 $ 3,684,314 $ 2,736,058
Cost of sales 1,526,331 1,120,101 2,925,748 2,195,504
Gross profit 387,001 262,653 758,566 540,554
Selling, general and administrative expenses 178,962 128,807 369,323 274,037
Restructuring/Asset impairment charges/(income) 10,563 (1,445) 22,705 5,401
Loss on divestiture of business 0 0 0 5,516
Operating profit 197,476 135,291 366,538 255,600
Non-operating pension costs 1,677 555,009 3,002 562,293
Interest expense 23,947 17,513 44,528 36,014
Interest income 786 2,719 2,302 3,489
Loss on early extinguishment of debt 0 20,184 0 20,184
Income/(Loss) before income taxes 172,638 (454,696) 321,310 (359,402)
Provision for/(Benefit from) income taxes 44,599 (118,151) 79,888 (94,106)
Income/(Loss) before equity in earnings of affiliates 128,039 (336,545) 241,422 (265,296)
Equity in earnings of affiliates, net of tax 3,728 2,306 5,952 3,350
Net income/(loss) 131,767 (334,239) 247,374 (261,946)
Net (income)/loss attributable to noncontrolling interests (95) 169 (369) 172
Net income/(loss) attributable to Sonoco $ 131,672 $ (334,070) $ 247,005 $ (261,774)
Weighted average common shares outstanding:        
Basic (in shares) 97,999 100,082 97,961 100,571
Diluted (in shares) 98,686 100,082 98,621 100,571
Net income/(loss) attributable to Sonoco:        
Basic (in usd per share) $ 1.34 $ (3.34) $ 2.52 $ (2.60)
Diluted (in usd per share) $ 1.33 $ (3.34) $ 2.50 $ (2.60)