<SEC-DOCUMENT>0001104659-22-069747.txt : 20220714
<SEC-HEADER>0001104659-22-069747.hdr.sgml : 20220714
<ACCEPTANCE-DATETIME>20220609173406
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-22-069747
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20220609

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONOCO PRODUCTS CO
		CENTRAL INDEX KEY:			0000091767
		STANDARD INDUSTRIAL CLASSIFICATION:	PAPERBOARD CONTAINERS & BOXES [2650]
		IRS NUMBER:				570248420
		STATE OF INCORPORATION:			SC
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ONE NORTH SECOND ST
		STREET 2:		P O BOX 160
		CITY:			HARTSVILLE
		STATE:			SC
		ZIP:			29551-0160
		BUSINESS PHONE:		8433837000

	MAIL ADDRESS:	
		STREET 1:		ONE N. SECOND STREET
		CITY:			HARTSVILLE
		STATE:			SC
		ZIP:			29550
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    <TD STYLE="padding-right: 175.5pt; font-size: 10pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>VIA EDGAR</B></FONT></P>
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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission<BR>
    Division of Corporation Finance<BR>
    Office of Manufacturing<BR>
    100 F Street, N.E.<BR>
    Washington, D.C. 20549<BR>
    Attn: Heather Clark and Jean Yu</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>New York</B></P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">601 Lexington Avenue, 31st Floor<BR>
    New York, NY 10022</P>
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    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>T</B> +1 (212) 277-4000</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>T</B> +1 (212) 277-4016 (direct)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>E</B> pamela.marcogliese@&zwnj;freshfields.com</P>
    <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>freshfields.us</B></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">June 9, 2022</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>RE:</B></TD><TD><B>Sonoco Products Company<BR>
Form 10-K for the Year Ended December 31, 2021<BR>
Form 10-Q for the Quarter Ended April 3, 2022<BR>
File No. 001-11261</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Ms. Clark and Ms. Yu:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On behalf of Sonoco Products Company (the &ldquo;<B><I>Company</I></B>&rdquo;),
we submit this letter in response to comments from the Staff of the Division of Corporation Finance, Office of Manufacturing (the &ldquo;<B><I>Staff</I></B>&rdquo;)
of the Securities and Exchange Commission dated May 26, 2022 relating to the Company&rsquo;s Annual Report on Form 10-K for the year ended
December 31, 2021 (the &ldquo;<B><I>2021 Form 10-K</I></B>&rdquo;) and the Company&rsquo;s Quarterly Report on Form 10-Q for the quarter
ended April 3, 2022 (the &ldquo;<B><I>2022 Q1 Form 10-Q</I></B>&rdquo;). In this letter, we have recited the comments from the Staff in
italicized type and have followed each comment with the Company&rsquo;s response.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0">Freshfields Bruckhaus Deringer is an international legal practice
operating through Freshfields Bruckhaus Deringer <FONT STYLE="font-size: 10pt">US LLP</FONT>, Freshfields Bruckhaus Deringer <FONT STYLE="font-size: 10pt">LLP</FONT>,
Freshfields Bruckhaus Deringer (a partnership registered in Hong Kong), Freshfields Bruckhaus Deringer Law office, Freshfields Bruckhaus
Deringer Foreign Law Office, Studio Legale associato a Freshfields Bruckhaus Deringer, Freshfields Bruckhaus Deringer Rechtsanw&auml;lte
Steuerberater PartG mbB, Freshfields Bruckhaus Deringer Rechtsanw&auml;lte PartG mbB and other associated entities and undertakings.
For further regulatory information please refer to&nbsp;<U>www.freshfields.com/support/legal-notice</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Form 10-K for the Year Ended December 31, 2021</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Financial Statements</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Notes to the Consolidated Financial Statements</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>1. Summary of significant accounting policies, page F-7</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><I>1.</I></TD><TD><I>We note that Cascades Sonoco, Inc. is listed as both a subsidiary in Exhibit 21 and a 50% owned equity method investment on page
F-7. However, we note you have two other 50% owned entities in Exhibit 21, Papcor (Dezhou) Packaging Material Co. Ltd., and PT Papcor
Asia Pacific that are not listed in the table on page F-7. Please explain to us why they are not included in the table or revise to include
disclosure in the footnotes to the financial statements.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company acknowledges the Staff&rsquo;s comment and advises the
Staff that while it owns 50% of Cascades Sonoco, Inc. (&ldquo;<B><I>Cascades</I></B>&rdquo;) and has the ability to exercise significant
influence over its investment in Cascades, the Company does not have a controlling financial interest. Accordingly, pursuant to Accounting
Standards Codification (&ldquo;<B><I>ASC</I></B>&rdquo;) 323, &ldquo;Investments &ndash; Equity Method and Joint Ventures,&rdquo; the
Company applies the equity method of accounting to its investment in Cascades. For this reason, the Company believes the disclosure of
Cascades in Note 1 on page F-7 of the 2021 Form 10-K is appropriate. Although Cascades was properly included in Note 1, Cascades is not
a consolidated subsidiary of the Company and was erroneously included in the list of subsidiaries in Exhibit 21 to the 2021 Form 10-K.
The Company will remove Cascades from Exhibit 21 in its future Form 10-K filings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company further advises the Staff that both Papcor (Dezhou) Packaging
Material Co. Ltd. and PT Papcor Asia Pacific are consolidated subsidiaries that do not materially impact the results of the Company. These
entities comprised less than 0.1% of the Company&rsquo;s consolidated net sales as presented in the 2021 Form 10-K and less than 0.1%
of total assets as presented in the 2021 Form 10-K. The Company has concluded that it is the primary beneficiary of these entities in
accordance with ASC 810, &ldquo;Consolidation,&rdquo; and consolidates them accordingly. Therefore, the Company believes both entities
were properly excluded from Note 1 on page F-7 of the 2021 Form 10-K and properly included in Exhibit 21 to the 2021 Form 10-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>18. Segment Reporting, page F-37</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><I>2.</I></TD><TD><I>We note the discussion on pages F-37 of many different product types ranging from paper containers to wire and cable reels. Please
tell us what consideration was given to the disclosure requirements outlined in ASC 280-10-50-40 and how you have complied. Alternatively,
revise your disclosure to provide the information regarding your products (and services) as required by the guidance.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company acknowledges the Staff&rsquo;s comment and advises the
Staff that it considers and follows the provisions of ASC 280-10-50-40, &ldquo;Information about Products and Services&rdquo; (&ldquo;<B><I>ASC
280-10-50-40</I></B>&rdquo;), when preparing its financial statements. ASC 280-10-50-40 states that a public entity shall report the revenues
from external customers for each product and service or each group of similar products and services unless it is impracticable to do so.
The Company discloses revenues based on three groups of products and services: Consumer Packaging, Industrial Paper Packaging, and All
Other. The Company respectfully submits that the products and services produced and sold by each of these groups, including the products
noted in the Staff&rsquo;s comment, in all material respects constitute groups of similar products, and that further disaggregation of
revenues within these groups is therefore not required by ASC 280-10-50-40.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company believes that the products produced and sold within its
Consumer Packaging group constitute a group of similar products. These products, which consist primarily of rigid paper containers, flexible
packaging and thermoformed plastic trays and containers are primarily used to package a variety of consumer products, primarily food and
other household items. In addition, most of the Company&rsquo;s consumer packaging products serve the same basic function and, over time,
can often be substituted for one another. The primary customers for these products are large manufacturers of packaged food and other
household items. For these reasons, the Company concluded that it is appropriate to view these products as a single group of similar products
in the context of ASC 280-10-50-40 given their similar nature, end-use and common customer type.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company believes that the products produced and sold within its
Industrial Paper Packaging group also constitute a group of similar products. The Company sources inputs such as Old Corrugated Containers
and other paper-based materials via its recycling business and converts such inputs into paperboard that is used by the Company and its
paperboard customers to produce tubes, cores, cones and certain other industrial packaging products for their customers. These products
are an integral part of the packaging supply chain for industrial customers and are similar in their end-use, distribution and customer
characteristics. The companies that buy these products largely use them in a similar manner, such as by winding their own products onto
the tubes, cores, and cones in order to ship them to the next level of the supply chain or the end customer. For these reasons, the Company
concluded that it is appropriate to view these products as a single group of similar products in the context of ASC 280-10-50-40 given
their similar nature, end-use and common customer type.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company&rsquo;s recycling business, in addition to being a source
of key inputs needed to produce the Company&rsquo;s products, also provides certain recycling services to third parties, the revenue from
which is immaterial to the overall financial results of the Company and represented less than 0.8% of the Company&rsquo;s consolidated
net sales for the fiscal year ended December 31, 2021. With regard to wire and cable reels, which comprised approximately 3% of the Company&rsquo;s
consolidated net sales for the fiscal year ended December 31, 2021, although this product line may appear somewhat dissimilar to the other
products discussed above due to the difference in raw materials from which they are made, they serve similar end uses (i.e., wire and
cable are wound on them for transport to the next level of the supply chain or to the end customer). In addition, as is the case with
the recycling services noted above, the Company advises the Staff that it does not view revenues from wire and cable reels as qualitatively
or quantitatively material and, therefore, it concluded that even if it viewed any of these products or services as dissimilar in the
context of ASC 280-10-50-40, providing disaggregated revenue information would not meaningfully enhance the users&rsquo; understanding
of the Company&rsquo;s financial statements or its business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Finally, products included within the All Other group include a variety
of products that the Company does not view individually or in the aggregate as qualitatively or quantitatively material. On an aggregated
basis, such products represented approximately 14% of the Company&rsquo;s consolidated net sales for the fiscal year ended December 31,
2021, with no single product category representing more than approximately 4% of consolidated net sales. The Company acknowledges that
not all products included in this group are similar to one another; however, in light of the qualitative and quantitative insignificance
of such products, the Company concluded that providing disaggregated revenue information for products in the All Other group would not
enhance the users&rsquo; understanding of the Company&rsquo;s financial statements or its business. For these reasons, the Company concluded
that it is appropriate and consistent with the principle expressed in Rule 4-02 of Regulation S-X and ASC 280-10-50-40 to omit such disclosure.
However, the Company will continue to evaluate its analysis in connection with its periodic reporting, and if any products included in
All Other become qualitatively or quantitatively material in the future, the Company will evaluate the need to provide disaggregated product
disclosure as contemplated by ASC 280-10-50-40.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Based on this analysis, the Company believes that additional disclosure
of revenues by product or service line is not required and that the related disclosure in the 2021 Form 10-K satisfies the disclosure
requirements of ASC 280-10-50-40.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Form 10-Q for the Quarter Ended April 3, 2022</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Management's Discussion and Analysis</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Reconciliations of GAAP to Non-GAAP Financial Measures, page 34</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><I>3.</I></TD><TD><I>We note your reconciliation of GAAP to Non-GAAP Financial Measures adds back other adjustments that include after-tax charges of
$14,217 related to increases in the company's LIFO reserve and $8,193 after-tax net gain relates to certain derivative transactions and
discrete tax adjustments, which were partially offset by non-operating pension charges. Please explain to in greater detail the nature
of the items that comprise others adjustments and how the amount of each adjustment was determined.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company acknowledges the Staff&rsquo;s comment and has provided
additional detail below regarding the aggregated amounts in the &ldquo;Other Adjustments&rdquo; column of the reconciliation of GAAP to
non-GAAP financial measures for the three months ended April 3, 2022 in the 2022 Q1 Form 10-Q, including (<B>A</B>) the $14,217 after-tax
charge related to an increase in the Company&rsquo;s LIFO reserve, and (<B>B</B>&ndash;<B>E</B>) the $8,193 net after-tax gains related
to certain derivative transactions and discrete tax adjustments, which were partially offset by non-operating pension charges, as well
as a discussion of how the amount of each adjustment was determined. The additional detail regarding these amounts is as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: italic bold 10pt Times New Roman, Times, Serif; border-bottom: Black 1pt solid">(Dollars in thousands)</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Income Before<BR>
 Income Taxes</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Provision for<BR>
 Income Taxes</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; border-bottom: Black 1pt solid">Net Income<BR>
 Attributable to<BR>
 Sonoco</TD><TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 52%; font-size: 10pt; text-align: left">Increase in LIFO reserve</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">19,050</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">(4,833</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">)</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">14,217</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 8%; font-size: 10pt; font-weight: bold; text-align: center">A</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">Derivatives</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(6,596</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,552</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(5,044</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">B</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left">Non-operating pension cost</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">1,324</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(383</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">941</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">C</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: left">Discrete tax adjustments</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&ndash;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(4,074</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">(4,074</TD><TD STYLE="font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">D</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 1pt">All other</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(16</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">&ndash;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">(16</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-bottom: 1pt">E</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: left; padding-bottom: 2.5pt">Total of Other Adjustments</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">13,762</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">(7,738</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">)</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; text-align: right">6,024</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-bottom: 2.5pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="tm2218132d1_correspimg003.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT><FONT STYLE="font-family: Symbol">&iuml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">6</FONT></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>A</B> &ndash; Represents the increase in the Company&rsquo;s LIFO
reserve for the three-month period ended April 3, 2022. The increase in the LIFO reserve was calculated by comparing the LIFO reserve
balance as of April 3, 2022, to the balance of the reserve as of December 31, 2021. The Company uses the link-chain valuation methodology,
a commonly used LIFO valuation technique as prescribed by the American Institute of Certified Public Accountants Issues Paper titled &ldquo;Identification
and Discussion of Certain Financial Accounting Reporting Issues Concerning LIFO Inventories,&rdquo; for calculating the LIFO reserve.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>B</B> &ndash; Primarily represents unrealized mark-to-market gains
for the three-month period ended April 3, 2022, related to the Company&rsquo;s derivative contracts executed to manage the cost of natural
gas. These contracts are not subject to hedge accounting pursuant to ASC 815, &ldquo;Derivatives and Hedging.&rdquo; The Company calculates
its unrealized mark-to-market gains/losses based on period-over-period changes in the fair value of its derivatives. Such fair value is
calculated using published market prices or estimated values based on current price and/or rate quotes and discounted estimated cash flows
consistent with the valuation principles provided under ASC 820, &ldquo;Fair Value Measurement.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>C</B> &ndash; Represents the sum of all components of net periodic
benefit cost, except service cost, for the Company&rsquo;s retirement plans and retiree health and life insurance plans during the three-month
period ended April 3, 2022. These amounts are based on actuarial valuations and agree to the amount disclosed as a separate line item
on the Company&rsquo;s statement of income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>D</B> &ndash; Discrete tax adjustments during the three-month period
ended April 3, 2022 primarily relate to the release of valuation allowances on foreign tax credit carryforwards and state net operating
losses. The Company evaluates its valuation allowance on deferred tax assets based on all available evidence, including projected future
taxable income in the various jurisdictions in which the Company operates. Such methodology is consistent with the guidance under ASC
740, &ldquo;Accounting for Income Taxes.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>E</B> &ndash; Primarily relates to a gain on a Company-owned life
insurance policy during the three-month period ended April 3, 2022. The gain represented the excess of the cash proceeds over the cash
surrender value of the policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #242424"><FONT STYLE="background-color: white">To the extent
that any item aggregated in the &ldquo;Other Adjustments&rdquo; column is material or the total shows unusual trends or variations between
comparable periods, the Company has historically explained and will continue to explain such items, trends, or variations through footnote
disclosures to the reconciliation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">********************************************</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><IMG SRC="tm2218132d1_correspimg003.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="font-size: 10pt; text-align: right; margin: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT><FONT STYLE="font-family: Symbol">&iuml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">6</FONT></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We hope that the foregoing has been responsive to the Staff&rsquo;s
comments and look forward to resolving any outstanding issues as quickly as possible. Please do not hesitate to contact me at (212) 277-4016
with any questions or comments regarding this filing or if you wish to discuss the above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="width: 50%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Very truly yours,</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Pamela L. Marcogliese</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pamela L. Marcogliese</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">cc:</TD><TD>R. Howard Coker, President and Chief Executive Officer, Sonoco Products Company<BR>
Julie C. Albrecht, Vice President and Chief Financial Officer, Sonoco Products Company<BR>
John M. Florence, Jr., Vice President, Tubes and Cores, U.S. and Canada, General Counsel and Secretary, Sonoco Products Company</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">********************************************</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><IMG SRC="tm2218132d1_correspimg003.jpg" ALT="">&nbsp;</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
