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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Sep. 29, 2024
Oct. 01, 2023
Income Statement [Abstract]        
Net sales $ 1,675,866 $ 1,710,419 $ 4,936,888 $ 5,145,492
Cost of sales 1,317,129 1,346,163 3,883,244 4,049,490
Gross profit 358,737 364,256 1,053,644 1,096,002
Selling, general and administrative expenses 190,645 182,672 586,337 541,421
Restructuring/Asset impairment charges 8,190 18,110 59,058 52,981
(Loss)/Gain on divestiture of business and other assets (31,770) (537) (27,292) 78,844
Operating profit 128,132 162,937 380,957 580,444
Other income, net 0 36,943 5,867 36,943
Non-operating pension costs 2,947 3,424 10,412 10,424
Interest expense 61,643 32,847 122,503 101,363
Interest income 6,014 3,173 13,127 6,679
Income before income taxes 69,556 166,782 267,036 512,279
Provision for income taxes 21,154 39,351 65,821 127,003
Income before equity in earnings of affiliates 48,402 127,431 201,215 385,276
Equity in earnings of affiliates, net of tax 2,807 3,627 6,218 8,795
Net income 51,209 131,058 207,433 394,071
Net income attributable to noncontrolling interests (288) (309) (524) (354)
Net income attributable to Sonoco $ 50,921 $ 130,749 $ 206,909 $ 393,717
Weighted average common shares outstanding:        
Basic (in shares) 98,683 98,337 98,616 98,276
Diluted (in shares) 99,267 98,912 99,221 98,800
Net income attributable to Sonoco:        
Basic (in usd per share) $ 0.52 $ 1.33 $ 2.10 $ 4.01
Diluted (in usd per share) $ 0.51 $ 1.32 $ 2.09 $ 3.98