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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jul. 02, 2023
Jul. 03, 2022
Income Statement [Abstract]        
Net sales $ 1,705,290 $ 1,913,332 $ 3,435,073 $ 3,684,314
Cost of sales 1,347,972 1,526,331 2,703,327 2,925,748
Gross profit 357,318 387,001 731,746 758,566
Selling, general and administrative expenses 170,773 178,962 358,749 369,323
Restructuring/Asset impairment charges 6,057 10,563 34,871 22,705
Gain on divestiture of business and other assets 7,371 0 79,381 0
Operating profit 187,859 197,476 417,507 366,538
Non-operating pension costs 3,342 1,677 7,000 3,002
Interest expense 34,284 23,947 68,516 44,528
Interest income 1,944 786 3,506 2,302
Income before income taxes 152,177 172,638 345,497 321,310
Provision for income taxes 40,740 44,599 87,652 79,888
Income before equity in earnings of affiliates 111,437 128,039 257,845 241,422
Equity in earnings of affiliates, net of tax 3,312 3,728 5,168 5,952
Net income 114,749 131,767 263,013 247,374
Net income attributable to noncontrolling interests (100) (95) (45) (369)
Net income attributable to Sonoco $ 114,649 $ 131,672 $ 262,968 $ 247,005
Weighted average common shares outstanding:        
Basic (in shares) 98,325 97,999 98,246 97,961
Diluted (in shares) 98,872 98,686 98,740 98,621
Net income attributable to Sonoco:        
Basic (in usd per share) $ 1.17 $ 1.34 $ 2.68 $ 2.52
Diluted (in usd per share) $ 1.16 $ 1.33 $ 2.66 $ 2.50