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Shareholders' Equity (Tables)

6 Months Ended

Jul. 02, 2023

Equity [Abstract]

Schedule of Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings per share:

						Three Months Ended												Six Months Ended
						July 2, 2023						July 3, 2022						July 2, 2023						July 3, 2022
Numerator:
Net income attributable to Sonoco						$	114,649					$	131,672					$	262,968					$	247,005
Denominator:
Weighted average common shares outstanding:
Basic						98,325						97,999						98,246						97,961
Dilutive effect of share-based compensation						547						687						494						660
Diluted						98,872						98,686						98,740						98,621
Net income attributable to Sonoco per common share:
Basic						$	1.17					$	1.34					$	2.68					$	2.52
Diluted						$	1.16					$	1.33					$	2.66					$	2.50
Cash dividends						$	0.51					$	0.49					$	1.00					$	0.94

Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share

The average numbers of SARs that were anti-dilutive and, therefore, not included in the computation of diluted earnings per share during the three- and six-month periods ended July 2, 2023 and July 3, 2022 were as follows (in thousands):

Three Months Ended

Six Months Ended

July 2, 2023

July 3, 2022

July 2, 2023

July 3, 2022

Anti-dilutive stock appreciation rights

341

374

342

387

X

- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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