XML 104 R92.htm IDEA: XBRL DOCUMENT v3.22.4
Employee benefit plans - Additional Information (Details)
12 Months Ended 141 Months Ended
Dec. 31, 2022
USD ($)
year
participant
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Sep. 30, 2021
Defined Benefit Plan Disclosure [Line Items]        
Defined benefit plans, accumulated benefit obligation $ 347,608,000 $ 504,944,000    
Projected benefit obligation (PBO) with accumulated benefit obligations in excess of plan assets 176,702,000 228,127,000    
Accumulated benefit obligation (ABO) with accumulated benefit obligations in excess of plan assets 171,705,000 223,657,000    
Fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets 48,277,000 61,686,000    
Projected contributions to retirement plan $ 15,000,000      
Percentage of retiree health liability 96.00%      
Total postretirement benefit plan assets $ 265,875,000 $ 431,047,000    
Total postretirement benefit plan assets (percent) 92.00%      
U.K.        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 100.00% 100.00%    
Canada        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 100.00% 100.00%    
United States        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 100.00% 100.00%    
Equity securities | U.K.        
Defined Benefit Plan Disclosure [Line Items]        
Current target allocation for investment portfolio 20.00%      
Equity securities | Canada        
Defined Benefit Plan Disclosure [Line Items]        
Current target allocation for investment portfolio 28.00%      
Debt securities | U.K.        
Defined Benefit Plan Disclosure [Line Items]        
Current target allocation for investment portfolio 80.00%      
Debt securities | Canada        
Defined Benefit Plan Disclosure [Line Items]        
Current target allocation for investment portfolio 72.00%      
Sonoco Savings Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined contribution plan contribution percentage, minimum 1.00%      
Defined contribution plan contribution percentage, maximum 100.00%      
Defined contribution plan, employer matching contribution (percent) 100.00%      
Employer matching contribution, percent of employees' gross pay (percent) 6.00%      
Percentage of participants modified matching contribution to be matched towards safe Harbor under companies savings plan       50.00%
Modify matching employee contribution to profit sharing under companies savings plan       4.00%
Companies expense related to the plan $ 38,900,000 $ 13,900,000 $ 13,700,000  
Sonoco Investment and Retirement Plan        
Defined Benefit Plan Disclosure [Line Items]        
Companies expense related to the plan $ 0 22,914,000 23,505,000  
Contribution rate of annual eligible earnings under companies investment and retirement plan 4.00%      
Contribution rate of annual eligible earnings in excess of social security wage base under companies investment and retirement plan 4.00%      
Vesting period 3 years      
Age limit of participants (year) | year 55      
Cash contributions to the SIRP $ 21,948,000 22,665,000 22,503,000  
Retirement Plans        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets 253,125,000 417,105,000 1,799,109,000  
Retirement Plans | Canada        
Defined Benefit Plan Disclosure [Line Items]        
Non-cash settlement charges $ 479,000 $ 11,984,000    
Retirement Plans | Equity securities | U.K.        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 22.60% 32.80%    
Retirement Plans | Equity securities | Canada        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 34.00% 33.60%    
Retirement Plans | Equity securities | United States        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 23.40% 23.50%    
Retirement Plans | Debt securities | U.K.        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 76.30% 66.60%    
Retirement Plans | Debt securities | Canada        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 66.00% 66.40%    
Retirement Plans | Debt securities | United States        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 72.90% 72.00%    
Retirement Plans | Cash and short-term investments | U.K.        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 1.10% 0.60%    
Retirement Plans | Cash and short-term investments | Canada        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 0.00% 0.00%    
Retirement Plans | Cash and short-term investments | United States        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 3.70% 4.50%    
Retirement Plans | Inactive Plan Investment Portfolio        
Defined Benefit Plan Disclosure [Line Items]        
Projected contributions to retirement plan $ 124,432,000      
Expected settlement charge $ 538,722,000      
Number of participants | participant 11,000      
Retirement Plans | Active Plan Investment Portfolio        
Defined Benefit Plan Disclosure [Line Items]        
Number of participants | participant 700      
Retirement Plans | Active Plan Investment Portfolio | Equity securities | United States        
Defined Benefit Plan Disclosure [Line Items]        
Current target allocation for investment portfolio 20.00%      
Retirement Plans | Active Plan Investment Portfolio | Debt securities | United States        
Defined Benefit Plan Disclosure [Line Items]        
Current target allocation for investment portfolio 80.00%      
Retiree Health and Life Insurance Plans        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets $ 12,750,000 $ 13,942,000 $ 14,026,000  
Total postretirement benefit plan assets (percent) 100.00% 100.00%    
Retiree Health and Life Insurance Plans | Equity securities        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 0.00% 0.00%    
Retiree Health and Life Insurance Plans | Debt securities        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 100.00% 100.00%    
Retiree Health and Life Insurance Plans | Cash and short-term investments        
Defined Benefit Plan Disclosure [Line Items]        
Total postretirement benefit plan assets (percent) 0.00% 0.00%