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Shareholders' Equity (Tables)

9 Months Ended

Sep. 29, 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												Nine Months Ended
						September 29, 2024						October 1, 2023						September 29, 2024						October 1, 2023
Numerator:
Net income attributable to Sonoco						$	50,921					$	130,749					$	206,909					$	393,717
Denominator:
Weighted average common shares outstanding:
Basic						98,683						98,337						98,616						98,276
Dilutive effect of share-based compensation						584						575						605						524
Diluted						99,267						98,912						99,221						98,800
Net income attributable to Sonoco per common share:
Basic						$	0.52					$	1.33					$	2.10					$	4.01
Diluted						$	0.51					$	1.32					$	2.09					$	3.98
Cash dividends						$	0.52					$	0.51					$	1.55					$	1.51

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- and nine-month periods ended September 29, 2024 and October 1, 2023 were as follows (in thousands):

Three Months Ended

Nine Months Ended

September 29, 2024

October 1, 2023

September 29, 2024

October 1, 2023

Anti-dilutive stock appreciation rights

455

338

378

341

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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