10-Q Filing

SONOCO PRODUCTS CO CIK: 91767 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000091767-23-000044`
Period End Date	20230630
Filing Date	20230802
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	son-20230702_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 86 Cash Flow Statement 82 Stockholders Equity 61 Comprehensive Income 44

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	97.96M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	97.64M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	97.96M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.44M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	97.64M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$319.22M	USD	Point-in-time
Trade accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$862.71M	USD	Point-in-time
Trade accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$888.19M	USD	Point-in-time
Other receivables	`OtherReceivables`	$99.49M	USD	Point-in-time
Other receivables	`OtherReceivables`	$122.06M	USD	Point-in-time
Finished and in process	`InventoryFinishedGoodsAndWorkInProcessNetOfReserves`	$433.03M	USD	Point-in-time
Finished and in process	`InventoryFinishedGoodsAndWorkInProcessNetOfReserves`	$453.98M	USD	Point-in-time
Materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$509.51M	USD	Point-in-time
Materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$641.58M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$87.87M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$76.05M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.36B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.36B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.71B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.75B	USD	Point-in-time
Goodwill	`Goodwill`	$1.68B	USD	Point-in-time
Goodwill	`Goodwill`	$1.68B	USD	Point-in-time
Other Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$741.60M	USD	Point-in-time
Other Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$694.76M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxAssetsNet`	$29.88M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxAssetsNet`	$31.06M	USD	Point-in-time
Right of Use Asset-Operating Leases	`OperatingLeaseRightOfUseAsset`	$296.78M	USD	Point-in-time
Right of Use Asset-Operating Leases	`OperatingLeaseRightOfUseAsset`	$287.15M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$237.72M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$247.04M	USD	Point-in-time
Total Assets	`Assets`	$7.05B	USD	Point-in-time
Total Assets	`Assets`	$7.05B	USD	Point-in-time
Payable to suppliers	`AccountsPayableCurrent`	$689.21M	USD	Point-in-time
Payable to suppliers	`AccountsPayableCurrent`	$818.88M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$375.67M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$405.67M	USD	Point-in-time
Notes payable and current portion of long-term debt	`DebtCurrent`	$437.21M	USD	Point-in-time
Notes payable and current portion of long-term debt	`DebtCurrent`	$502.44M	USD	Point-in-time
Accrued taxes	`AccruedIncomeTaxesCurrent`	$16.91M	USD	Point-in-time
Accrued taxes	`AccruedIncomeTaxesCurrent`	$17.49M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.52B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.74B	USD	Point-in-time
Long-term Debt, Net of Current Portion	`LongTermDebtNoncurrent`	$2.72B	USD	Point-in-time
Long-term Debt, Net of Current Portion	`LongTermDebtNoncurrent`	$2.72B	USD	Point-in-time
Noncurrent Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$250.99M	USD	Point-in-time
Noncurrent Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$242.38M	USD	Point-in-time
Pension and Other Postretirement Benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$120.08M	USD	Point-in-time
Pension and Other Postretirement Benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$121.52M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilitiesNet`	$110.02M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilitiesNet`	$107.29M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$38.09M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$39.91M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Authorized 300,000 shares 97,956 and 97,645 shares issued and outstanding at July 2, 2023 and December 31, 2022, respectively	`CommonStockValue`	$7.17M	USD	Point-in-time
Authorized 300,000 shares 97,956 and 97,645 shares issued and outstanding at July 2, 2023 and December 31, 2022, respectively	`CommonStockValue`	$7.17M	USD	Point-in-time
Capital in excess of stated value	`AdditionalPaidInCapitalCommonStock`	$145.84M	USD	Point-in-time
Capital in excess of stated value	`AdditionalPaidInCapitalCommonStock`	$140.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-373.43M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-430.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.35B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.51B	USD	Point-in-time
Total Sonoco Shareholders Equity	`StockholdersEquity`	$2.07B	USD	Point-in-time
Total Sonoco Shareholders Equity	`StockholdersEquity`	$2.29B	USD	Point-in-time
Noncontrolling Interests	`MinorityInterest`	$6.98M	USD	Point-in-time
Noncontrolling Interests	`MinorityInterest`	$6.97M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.30B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.07B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.92B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$7.05B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$7.05B	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.44B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.91B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.71B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.68B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.70B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.53B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.93B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.35B	USD	1 Quarter
Gross profit	`GrossProfit`	$357.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$758.57M	USD	2 Qtrs
Gross profit	`GrossProfit`	$731.75M	USD	2 Qtrs
Gross profit	`GrossProfit`	$387.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$170.77M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$178.96M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$358.75M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$369.32M	USD	2 Qtrs
Restructuring/Asset impairment charges	`RestructuringCostsAndAssetImpairmentCharges`	$22.70M	USD	2 Qtrs
Restructuring/Asset impairment charges	`RestructuringCostsAndAssetImpairmentCharges`	$34.87M	USD	2 Qtrs
Restructuring/Asset impairment charges	`RestructuringCostsAndAssetImpairmentCharges`	$6.06M	USD	1 Quarter
Restructuring/Asset impairment charges	`RestructuringCostsAndAssetImpairmentCharges`	$10.56M	USD	1 Quarter
Gain on divestiture of business and other assets	`GainLossOnDispositionOfBusinessAndOtherAssets`	$7.37M	USD	1 Quarter
Gain on divestiture of business and other assets	`GainLossOnDispositionOfBusinessAndOtherAssets`	$79.38M	USD	2 Qtrs
Gain on divestiture of business and other assets	`GainLossOnDispositionOfBusinessAndOtherAssets`	-	USD	1 Quarter
Gain on divestiture of business and other assets	`GainLossOnDispositionOfBusinessAndOtherAssets`	-	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$366.54M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$197.48M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$417.51M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$187.86M	USD	1 Quarter
Non-operating pension costs	`OtherNonoperatingIncomeExpense`	$-7.00M	USD	2 Qtrs
Non-operating pension costs	`OtherNonoperatingIncomeExpense`	$-3.00M	USD	2 Qtrs
Non-operating pension costs	`OtherNonoperatingIncomeExpense`	$-3.34M	USD	1 Quarter
Non-operating pension costs	`OtherNonoperatingIncomeExpense`	$-1.68M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.95M	USD	1 Quarter
Interest expense	`InterestExpense`	$34.28M	USD	1 Quarter
Interest expense	`InterestExpense`	$44.53M	USD	2 Qtrs
Interest expense	`InterestExpense`	$68.52M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$786.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.94M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.30M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.51M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$152.18M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$172.64M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$321.31M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$345.50M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$44.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$79.89M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.74M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$87.65M	USD	2 Qtrs
Income before equity in earnings of affiliates	`IncomeLossBeforeEquityEarningsInAffiliates`	$111.44M	USD	1 Quarter
Income before equity in earnings of affiliates	`IncomeLossBeforeEquityEarningsInAffiliates`	$257.85M	USD	2 Qtrs
Income before equity in earnings of affiliates	`IncomeLossBeforeEquityEarningsInAffiliates`	$128.04M	USD	1 Quarter
Income before equity in earnings of affiliates	`IncomeLossBeforeEquityEarningsInAffiliates`	$241.42M	USD	2 Qtrs
Equity in earnings of affiliates, net of tax	`IncomeLossFromEquityMethodInvestments`	$3.31M	USD	1 Quarter
Equity in earnings of affiliates, net of tax	`IncomeLossFromEquityMethodInvestments`	$3.73M	USD	1 Quarter
Equity in earnings of affiliates, net of tax	`IncomeLossFromEquityMethodInvestments`	$5.17M	USD	2 Qtrs
Equity in earnings of affiliates, net of tax	`IncomeLossFromEquityMethodInvestments`	$5.95M	USD	2 Qtrs
Net income	`ProfitLoss`	$148.26M	USD	1 Quarter
Net income	`ProfitLoss`	$115.61M	USD	1 Quarter
Net income	`ProfitLoss`	$114.75M	USD	1 Quarter
Net income	`ProfitLoss`	$263.01M	USD	2 Qtrs
Net income	`ProfitLoss`	$247.37M	USD	2 Qtrs
Net income	`ProfitLoss`	$131.77M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$95.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$45.00K	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$369.00K	USD	2 Qtrs
Net income attributable to Sonoco	`NetIncomeLoss`	$131.67M	USD	1 Quarter
Net income attributable to Sonoco	`NetIncomeLoss`	$114.65M	USD	1 Quarter
Net income attributable to Sonoco	`NetIncomeLoss`	$262.97M	USD	2 Qtrs
Net income attributable to Sonoco	`NetIncomeLoss`	$247.00M	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	98.25M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	98.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	97.96M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	98.33M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.74M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.62M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.87M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	98.69M	shares	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.34	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.17	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.52	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$2.68	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.50	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.66	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.33	USD	1 Quarter

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`ProfitLoss`	$148.26M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$115.61M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$114.75M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$263.01M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$247.37M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$131.77M	USD	1 Quarter
Asset impairments	`AssetImpairmentCharges`	$9.68M	USD	2 Qtrs
Asset impairments	`AssetImpairmentCharges`	$19.78M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$151.94M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$163.82M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$19.07M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$15.21M	USD	2 Qtrs
Equity in earnings of affiliates, net	`IncomeLossFromEquityMethodInvestments`	$3.31M	USD	1 Quarter
Equity in earnings of affiliates, net	`IncomeLossFromEquityMethodInvestments`	$3.73M	USD	1 Quarter
Equity in earnings of affiliates, net	`IncomeLossFromEquityMethodInvestments`	$5.17M	USD	2 Qtrs
Equity in earnings of affiliates, net	`IncomeLossFromEquityMethodInvestments`	$5.95M	USD	2 Qtrs
Cash dividends from affiliated companies	`EquityMethodInvestmentDividendsOrDistributions`	$6.45M	USD	2 Qtrs
Cash dividends from affiliated companies	`EquityMethodInvestmentDividendsOrDistributions`	$4.37M	USD	2 Qtrs
Net gain on disposition of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$648.00K	USD	2 Qtrs
Net gain on disposition of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$60.11M	USD	2 Qtrs
Net gain on divestiture of business	`GainLossOnSaleOfBusiness`	$18.44M	USD	2 Qtrs
Net gain on divestiture of business	`GainLossOnSaleOfBusiness`	-	USD	2 Qtrs
Pension and postretirement plan expense	`PensionAndOtherPostretirementBenefitExpense`	$8.49M	USD	2 Qtrs
Pension and postretirement plan expense	`PensionAndOtherPostretirementBenefitExpense`	$4.83M	USD	2 Qtrs
Pension and postretirement plan contributions	`PensionAndOtherPostretirementBenefitContributions`	$7.46M	USD	2 Qtrs
Pension and postretirement plan contributions	`PensionAndOtherPostretirementBenefitContributions`	$30.84M	USD	2 Qtrs
Increase in net deferred tax liabilities	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.43M	USD	2 Qtrs
Increase in net deferred tax liabilities	`IncreaseDecreaseInDeferredIncomeTaxes`	$-12.66M	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$17.25M	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$174.06M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$232.73M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-148.88M	USD	2 Qtrs
Payable to suppliers	`IncreaseDecreaseInAccountsPayableTrade`	$148.32M	USD	2 Qtrs
Payable to suppliers	`IncreaseDecreaseInAccountsPayableTrade`	$-130.71M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.54M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.26M	USD	2 Qtrs
Income taxes payable and other income tax items	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$1.90M	USD	2 Qtrs
Income taxes payable and other income tax items	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$26.45M	USD	2 Qtrs
Accrued expenses and other assets and liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$5.56M	USD	2 Qtrs
Accrued expenses and other assets and liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-37.99M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$184.47M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$348.58M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$148.92M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$161.69M	USD	2 Qtrs
Cost of acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.33B	USD	2 Qtrs
Cost of acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Proceeds from the sale of business, net	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$13.84M	USD	2 Qtrs
Proceeds from the sale of business, net	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	-	USD	2 Qtrs
Proceeds from the sale of assets, net	`ProceedsFromSaleOfProductiveAssets`	$71.85M	USD	2 Qtrs
Proceeds from the sale of assets, net	`ProceedsFromSaleOfProductiveAssets`	$4.80M	USD	2 Qtrs
Other net investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.38M	USD	2 Qtrs
Other net investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$4.43M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-80.43M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.48B	USD	2 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.57B	USD	2 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$20.07M	USD	2 Qtrs
Principal repayment of debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$96.31M	USD	2 Qtrs
Principal repayment of debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$51.14M	USD	2 Qtrs
Net change in commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	-	USD	2 Qtrs
Net change in commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$-91.00M	USD	2 Qtrs
Net decrease in outstanding checks	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-14.60M	USD	2 Qtrs
Net decrease in outstanding checks	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-441.00K	USD	2 Qtrs
Cash dividends	`PaymentsOfDividendsCommonStock`	$91.53M	USD	2 Qtrs
Cash dividends	`PaymentsOfDividendsCommonStock`	$97.69M	USD	2 Qtrs
Purchase of noncontrolling interest	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Purchase of noncontrolling interest	`PaymentsToMinorityShareholders`	$14.47M	USD	2 Qtrs
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$10.60M	USD	2 Qtrs
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$3.98M	USD	2 Qtrs
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.30B	USD	2 Qtrs
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-184.97M	USD	2 Qtrs
Effects of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.60M	USD	2 Qtrs
Effects of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.60M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$91.78M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.02M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$227.44M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$175.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$319.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$227.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$175.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$170.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$319.22M	USD	Point-in-time

Stockholders Equity 61 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.30B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.07B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.92B	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	97.96M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	97.64M	shares	Point-in-time
Net income/(loss)	`ProfitLoss`	$148.26M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$115.61M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$114.75M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$263.01M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$247.37M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$131.77M	USD	1 Quarter
Translation income/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$706.00K	USD	1 Quarter
Translation income/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$31.81M	USD	1 Quarter
Translation income/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$53.50M	USD	2 Qtrs
Translation income/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-69.61M	USD	2 Qtrs
Translation income/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-70.31M	USD	1 Quarter
Translation income/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$21.69M	USD	1 Quarter
Defined benefit plan adjustment, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$1.93M	USD	1 Quarter
Defined benefit plan adjustment, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$1.76M	USD	1 Quarter
Defined benefit plan adjustment, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$847.00K	USD	2 Qtrs
Defined benefit plan adjustment, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-191.00K	USD	1 Quarter
Defined benefit plan adjustment, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$1.74M	USD	2 Qtrs
Defined benefit plan adjustment, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-916.00K	USD	1 Quarter
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.55M	USD	1 Quarter
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$460.00K	USD	2 Qtrs
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.51M	USD	1 Quarter
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-2.09M	USD	1 Quarter
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.43M	USD	1 Quarter
Derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$3.94M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.45M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$21.36M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-74.33M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$35.24M	USD	1 Quarter
Dividends	`DividendsCommonStock`	$44.12M	USD	1 Quarter
Dividends	`DividendsCommonStock`	$48.04M	USD	1 Quarter
Dividends	`DividendsCommonStock`	$48.20M	USD	1 Quarter
Dividends	`DividendsCommonStock`	$50.18M	USD	1 Quarter
Issuance of stock awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$263.00K	USD	1 Quarter
Issuance of stock awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$377.00K	USD	1 Quarter
Issuance of stock awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$222.00K	USD	1 Quarter
Issuance of stock awards	`StockIssuedDuringPeriodValueShareBasedCompensation`	$472.00K	USD	1 Quarter
Shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$3.41M	USD	1 Quarter
Shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$26.00K	USD	1 Quarter
Shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$574.00K	USD	1 Quarter
Shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$10.58M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.64M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.69M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.57M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.38M	USD	1 Quarter
Purchase of noncontrolling interest	`MinorityInterestDecreaseFromRedemptions`	$13.20M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.21B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.30B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.07B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.92B	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	97.96M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	97.64M	shares	Point-in-time

Comprehensive Income 44 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`ProfitLoss`	$148.26M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$115.61M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$114.75M	USD	1 Quarter
Net income/(loss)	`ProfitLoss`	$263.01M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$247.37M	USD	2 Qtrs
Net income/(loss)	`ProfitLoss`	$131.77M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$706.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$31.81M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$53.50M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-69.61M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-70.31M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$21.69M	USD	1 Quarter
Changes in defined benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$1.93M	USD	1 Quarter
Changes in defined benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$1.76M	USD	1 Quarter
Changes in defined benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$847.00K	USD	2 Qtrs
Changes in defined benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-191.00K	USD	1 Quarter
Changes in defined benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$1.74M	USD	2 Qtrs
Changes in defined benefit plans, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-916.00K	USD	1 Quarter
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.55M	USD	1 Quarter
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$460.00K	USD	2 Qtrs
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.51M	USD	1 Quarter
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-2.09M	USD	1 Quarter
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.43M	USD	1 Quarter
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$3.94M	USD	2 Qtrs
Other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTax`	$56.59M	USD	2 Qtrs
Other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-70.89M	USD	2 Qtrs
Other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTax`	$21.36M	USD	1 Quarter
Other comprehensive income/(loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-74.33M	USD	1 Quarter
Comprehensive income:	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$176.49M	USD	2 Qtrs
Comprehensive income:	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$57.44M	USD	1 Quarter
Comprehensive income:	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$319.61M	USD	2 Qtrs
Comprehensive income:	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$136.10M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$95.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$45.00K	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$369.00K	USD	2 Qtrs
Less: Other comprehensive loss/(income) attributable to noncontrolling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-524.00K	USD	1 Quarter
Less: Other comprehensive loss/(income) attributable to noncontrolling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-59.00K	USD	2 Qtrs
Less: Other comprehensive loss/(income) attributable to noncontrolling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-298.00K	USD	1 Quarter
Less: Other comprehensive loss/(income) attributable to noncontrolling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$367.00K	USD	2 Qtrs
Comprehensive income attributable to Sonoco	`ComprehensiveIncomeNetOfTax`	$319.62M	USD	2 Qtrs
Comprehensive income attributable to Sonoco	`ComprehensiveIncomeNetOfTax`	$175.75M	USD	2 Qtrs
Comprehensive income attributable to Sonoco	`ComprehensiveIncomeNetOfTax`	$57.86M	USD	1 Quarter
Comprehensive income attributable to Sonoco	`ComprehensiveIncomeNetOfTax`	$136.30M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.