XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Net sales $ 5,374,207 $ 5,390,938 $ 5,036,650
Cost of sales 4,316,378 4,349,932 4,077,998
Gross profit 1,057,829 1,041,006 958,652
Selling, general and administrative expenses 530,867 563,306 507,824
Restructuring, Settlement and Impairment Provisions 59,880 40,071 38,419
Operating profit 467,082 437,629 412,409
Non-operating pension costs 24,713 941 45,110
Interest expense 66,845 63,147 57,220
Interest income 5,242 4,990 4,475
Income before income taxes 380,766 378,531 314,554
Provision for income taxes 93,269 75,008 146,589
Income before equity in earnings of affiliates 287,497 303,523 167,965
Equity in earnings of affiliates, net of tax 5,171 11,216 9,482
Net income 292,668 314,739 177,447
Net (income) attributable to noncontrolling interests (883) (1,179) (2,102)
Net income attributable to Sonoco $ 291,785 $ 313,560 $ 175,345
Weighted average common shares outstanding:      
Basic (in shares) 100,742 100,539 100,237
Assuming exercise of awards (in shares) 434 477 615
Diluted (in shares) 101,176 101,016 100,852
Earnings Per Share [Abstract]      
Basic (usd per share) $ 2.90 $ 3.12 $ 1.75
Diluted (usd per share) $ 2.88 $ 3.10 $ 1.74