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Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Earnings Per Share

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

												Three Months Ended
																		March 31, 2024						April 2, 2023
Numerator:
Net income attributable to Sonoco																		$	65,177					$	148,319
Denominator:
Weighted average common shares outstanding:
Basic																		98,498						98,167
Dilutive effect of share-based compensation																		661						448
Diluted																		99,159						98,615
Net income attributable to Sonoco per common share:
Basic																		$	0.66					$	1.51
Diluted																		$	0.66					$	1.50
Cash dividends																		$	0.51					$	0.49

Schedule of Antidilutive Securities

The average numbers of SARs that were anti-dilutive and, therefore, not included in the computation of diluted earnings per share during the three-month periods ended March 31, 2024 and April 2, 2023 were as follows (in thousands):

Three Months Ended

March 31, 2024

April 2, 2023

Anti-dilutive stock appreciation rights

340

343

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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