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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 02, 2022
Oct. 03, 2021
Oct. 02, 2022
Oct. 03, 2021
Income Statement [Abstract]        
Net sales $ 1,890,216 $ 1,415,193 $ 5,574,530 $ 4,151,251
Cost of sales 1,523,070 1,157,462 4,448,818 3,352,966
Gross profit 367,146 257,731 1,125,712 798,285
Selling, general and administrative expenses 164,552 130,580 533,875 404,617
Restructuring/Asset impairment charges 20,652 3,488 43,357 8,889
Gain/(loss) on divestiture of business 0 2,849 0 (2,667)
Operating profit 181,942 126,512 548,480 382,112
Non-operating pension costs 1,249 525 4,251 562,818
Interest expense 26,714 14,753 71,242 50,767
Interest income 1,148 534 3,450 4,023
Loss on early extinguishment of debt 0 0 0 20,184
Income/(Loss) before income taxes 155,127 111,768 476,437 (247,634)
Provision for/(Benefit from) income taxes 36,824 2,564 116,712 (91,542)
Income/(Loss) before equity in earnings of affiliates 118,303 109,204 359,725 (156,092)
Equity in earnings of affiliates, net of tax 4,199 2,351 10,151 5,701
Net income/(loss) 122,502 111,555 369,876 (150,391)
Net (income)/loss attributable to noncontrolling interests (273) (415) (642) (243)
Net income/(loss) attributable to Sonoco $ 122,229 $ 111,140 $ 369,234 $ (150,634)
Weighted average common shares outstanding:        
Basic (in shares) 98,013 98,955 97,978 100,039
Diluted (in shares) 98,762 99,425 98,669 100,039
Net income/(loss) attributable to Sonoco:        
Basic (in usd per share) $ 1.25 $ 1.12 $ 3.77 $ (1.51)
Diluted (in usd per share) $ 1.24 $ 1.12 $ 3.74 $ (1.51)