Sonoco Products (SON) 10-Q 29 Jul 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 28, 2020	Jul. 17, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 28, 2020
Document Transition Report	false
Entity File Number	001-11261
Entity Registrant Name	SONOCO PRODUCTS COMPANY
Entity Incorporation, State or Country Code	SC
Entity Tax Identification Number	57-0248420
Entity Address, Address Line One	1 N. Second St.
Entity Address, City or Town	Hartsville
Entity Address, State or Province	SC
Entity Address, Postal Zip Code	29550
City Area Code	843
Local Phone Number	383-7000
Title of 12(b) Security	No par value common stock
Trading Symbol	SON
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100,376,491
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000091767
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 31, 2019	[1]
Current Assets
Cash and cash equivalents	$ 857,272	$ 145,283
Trade accounts receivable, net of allowances	692,943	698,149
Other receivables	104,397	113,754
Inventories, net:
Finished and in process	173,697	172,223
Materials and supplies	350,158	331,585
Prepaid expenses	60,195	60,202
Total Current Assets	2,238,662	1,521,196
Property, Plant and Equipment, Net	1,235,505	1,286,842
Goodwill	1,423,712	1,429,346
Other Intangible Assets, Net	360,996	388,292
Deferred Income Taxes	41,301	46,502
Right of Use Asset-Operating Leases	294,050	298,393
Other Assets	144,634	155,718
Total Assets	5,738,860	5,126,289
Current Liabilities
Payable to suppliers	554,090	537,764
Accrued expenses and other	354,302	367,114
Notes payable and current portion of long-term debt	646,623	488,234
Accrued taxes	21,257	11,380
Total Current Liabilities	1,576,272	1,404,492
Long-term Debt, Net of Current Portion	1,618,640	1,193,135
Noncurrent Operating Lease Liabilities	249,217	253,992
Pension and Other Postretirement Benefits	303,606	304,798
Deferred Income Taxes	95,962	76,206
Other Liabilities	87,459	77,961
Common stock, no par value
Authorized 300,000 shares 100,330 and 100,198 shares issued and outstanding at June 28, 2020 and December 31, 2019, respectively	7,175	7,175
Capital in excess of stated value	309,427	310,778
Accumulated other comprehensive loss	(869,453)	(816,803)
Retained earnings	2,350,189	2,301,532
Total Sonoco Shareholders’ Equity	1,797,338	1,802,682
Noncontrolling Interests	10,366	13,023
Total Equity	1,807,704	1,815,705
Total Liabilities and Equity	$ 5,738,860	$ 5,126,289
[1]	The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - shares	Jun. 28, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	100,330,000	100,198,000
Common stock, shares outstanding (in shares)	100,330,000	100,198,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Income Statement [Abstract]
Net sales	$ 1,245,485	$ 1,359,721	$ 2,548,781	$ 2,711,426
Cost of sales	997,502	1,084,385	2,034,208	2,165,969
Gross profit	247,983	275,336	514,573	545,457
Selling, general and administrative expenses	121,371	132,213	245,259	274,774
Restructuring/Asset impairment charges	22,885	13,355	35,484	24,027
Operating profit	103,727	129,768	233,830	246,656
Non-operating pension costs	7,600	5,550	15,179	11,591
Interest expense	19,563	16,798	36,092	32,830
Interest income	878	846	1,362	1,493
Income before income taxes	77,442	108,266	183,921	203,728
Provision for income taxes	23,230	28,491	49,986	51,115
Income before equity in earnings of affiliates	54,212	79,775	133,935	152,613
Equity in earnings of affiliates, net of tax	778	1,511	1,291	2,441
Net income	54,990	81,286	135,226	155,054
Net loss/(income) attributable to noncontrolling interests	221	(127)	430	(232)
Net income attributable to Sonoco	$ 55,211	$ 81,159	$ 135,656	$ 154,822
Weighted average common shares outstanding:
Basic (in shares)	100,971	100,759	100,915	100,700
Diluted (in shares)	101,109	101,178	101,109	101,129
Net income attributable to Sonoco:
Basic (in usd per share)	$ 0.55	$ 0.81	$ 1.34	$ 1.54
Diluted (in usd per share)	$ 0.55	$ 0.80	$ 1.34	$ 1.53

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income/(loss):	$ 54,990	$ 81,286	$ 135,226	$ 155,054
Other comprehensive income/(loss):
Foreign currency translation adjustments	32,864	9,745	(62,348)	6,773
Changes in defined benefit plans, net of tax	4,416	1,807	10,196	8,963
Changes in derivative financial instruments, net of tax	1,830	(481)	(2,725)	1,383
Other comprehensive income/(loss):	39,110	11,071	(54,877)	17,119
Comprehensive income:	94,100	92,357	80,349	172,173
Net loss/(income) attributable to noncontrolling interests	221	(127)	430	(232)
Other comprehensive loss/(income) attributable to noncontrolling interests	590	(172)	2,227	(52)
Comprehensive income attributable to Sonoco	$ 94,911	$ 92,058	$ 83,006	$ 171,889

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN TOTAL EQUITY (unaudited) - USD ($) $ in Thousands	Total		Common Shares	Capital in Excess of Stated Value	Accumulated Other Comprehensive Loss	Retained Earnings	Noncontrolling Interests	Impact of new accounting pronouncements	Impact of new accounting pronouncementsRetained Earnings
Beginning Balance at Dec. 31, 2018	$ 1,772,278		$ 7,175	$ 304,709	$ (740,913)	$ 2,188,115	$ 13,192	$ (6,771)	$ (6,771)
Beginning balance (shares) at Dec. 31, 2018			99,829,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income/(loss):	73,768					73,663	105
Other comprehensive income/(loss):
Translation gain/(loss)	(2,972)				(2,852)		(120)
Defined benefit plan adjustment, net of tax	7,156				7,156
Derivative financial instruments, net of tax	1,864				1,864
Other comprehensive income/(loss)	6,048				6,168		(120)
Dividends	(41,534)					(41,534)
Dividends paid to noncontrolling interests	(214)						(214)
Issuance of stock awards	399			399
Issuance of stock awards (shares)			340,000
Shares repurchased	(7,395)			(7,395)
Shares repurchased (shares)			(133,000)
Stock-based compensation	4,560			4,560
Ending Balance at Mar. 31, 2019	1,801,139		$ 7,175	302,273	(734,745)	2,213,473	12,963
Ending balance (shares) at Mar. 31, 2019			100,036,000
Beginning Balance at Dec. 31, 2018	1,772,278		$ 7,175	304,709	(740,913)	2,188,115	13,192	(6,771)	(6,771)
Beginning balance (shares) at Dec. 31, 2018			99,829,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income/(loss):	155,054
Other comprehensive income/(loss):
Translation gain/(loss)	6,773
Defined benefit plan adjustment, net of tax	8,963
Derivative financial instruments, net of tax	1,383
Other comprehensive income/(loss)					17,067
Ending Balance at Jun. 30, 2019	1,853,620		$ 7,175	305,750	(723,846)	2,251,279	13,262
Ending balance (shares) at Jun. 30, 2019			100,075,000
Beginning Balance at Dec. 31, 2018	$ 1,772,278		$ 7,175	304,709	(740,913)	2,188,115	13,192	(6,771)	(6,771)
Beginning balance (shares) at Dec. 31, 2018			99,829,000
Other comprehensive income/(loss):
Shares repurchased (shares)	0
Ending Balance at Dec. 31, 2019	$ 1,815,705	[1]	$ 7,175	310,778	(816,803)	2,301,532	13,023	(209)	(209)
Ending balance (shares) at Dec. 31, 2019	100,198,000		100,198,000
Beginning Balance at Mar. 31, 2019	$ 1,801,139		$ 7,175	302,273	(734,745)	2,213,473	12,963
Beginning balance (shares) at Mar. 31, 2019			100,036,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income/(loss):	81,286					81,159	127
Other comprehensive income/(loss):
Translation gain/(loss)	9,745				9,573		172
Defined benefit plan adjustment, net of tax	1,807				1,807
Derivative financial instruments, net of tax	(481)				(481)
Other comprehensive income/(loss)	11,071				10,899		172
Dividends	(43,353)					(43,353)
Issuance of stock awards	326			326
Issuance of stock awards (shares)			58,000
Shares repurchased	(1,155)			(1,155)
Shares repurchased (shares)			(19,000)
Stock-based compensation	4,306			4,306
Ending Balance at Jun. 30, 2019	1,853,620		$ 7,175	305,750	(723,846)	2,251,279	13,262
Ending balance (shares) at Jun. 30, 2019			100,075,000
Beginning Balance at Dec. 31, 2019	$ 1,815,705	[1]	$ 7,175	310,778	(816,803)	2,301,532	13,023	(209)	(209)
Beginning balance (shares) at Dec. 31, 2019	100,198,000		100,198,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income/(loss):	$ 80,236					80,445	(209)
Other comprehensive income/(loss):
Translation gain/(loss)	(95,212)				(93,575)		(1,637)
Defined benefit plan adjustment, net of tax	5,780				5,780
Derivative financial instruments, net of tax	(4,555)				(4,555)
Other comprehensive income/(loss)	(93,987)				(92,350)		(1,637)
Dividends	(43,339)					(43,339)
Issuance of stock awards	376			376
Issuance of stock awards (shares)			196,000
Shares repurchased	(3,938)			(3,938)
Shares repurchased (shares)			(65,000)
Stock-based compensation	597			597
Ending Balance at Mar. 29, 2020	1,755,441		$ 7,175	307,813	(909,153)	2,338,429	11,177
Ending balance (shares) at Mar. 29, 2020			100,329,000
Beginning Balance at Dec. 31, 2019	$ 1,815,705	[1]	$ 7,175	310,778	(816,803)	2,301,532	13,023	$ (209)	$ (209)
Beginning balance (shares) at Dec. 31, 2019	100,198,000		100,198,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income/(loss):	$ 135,226
Other comprehensive income/(loss):
Translation gain/(loss)	(62,348)
Defined benefit plan adjustment, net of tax	10,196
Derivative financial instruments, net of tax	$ (2,725)
Other comprehensive income/(loss)					(52,650)
Shares repurchased (shares)	0
Ending Balance at Jun. 28, 2020	$ 1,807,704		$ 7,175	309,427	(869,453)	2,350,189	10,366
Ending balance (shares) at Jun. 28, 2020	100,330,000		100,330,000
Beginning Balance at Mar. 29, 2020	$ 1,755,441		$ 7,175	307,813	(909,153)	2,338,429	11,177
Beginning balance (shares) at Mar. 29, 2020			100,329,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income/(loss):	54,990					55,211	(221)
Other comprehensive income/(loss):
Translation gain/(loss)	32,864				33,454		(590)
Defined benefit plan adjustment, net of tax	4,416				4,416
Derivative financial instruments, net of tax	1,830				1,830
Other comprehensive income/(loss)	39,110				39,700		(590)
Dividends	(43,451)					(43,451)
Issuance of stock awards	287			287
Issuance of stock awards (shares)			2,000
Shares repurchased	(12)			(12)
Shares repurchased (shares)			(1,000)
Stock-based compensation	1,339			1,339
Ending Balance at Jun. 28, 2020	$ 1,807,704		$ 7,175	$ 309,427	$ (869,453)	$ 2,350,189	$ 10,366
Ending balance (shares) at Jun. 28, 2020	100,330,000		100,330,000
[1]	The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 28, 2020	Mar. 29, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 28, 2020	Jun. 30, 2019	Dec. 31, 2019
Cash Flows from Operating Activities:
Net income/(loss):	$ 54,990	$ 80,236	$ 81,286	$ 73,768	$ 135,226	$ 155,054
Adjustments to reconcile net income to net cash provided by operating activities:
Asset impairment					8,759	7,284
Depreciation, depletion and amortization					123,447	116,978
Share-based compensation expense					1,936	8,866
Equity in earnings of affiliates	(778)		(1,511)		(1,291)	(2,441)
Cash dividends from affiliated companies					3,276	3,297
Net (gain)/loss on disposition of assets					(2,265)	3,943
Pension and postretirement plan expense					29,135	13,647
Pension and postretirement plan contributions					(31,105)	(213,579)
Net increase in deferred taxes					19,653	37,953
Change in assets and liabilities, net of effects from acquisitions and foreign currency adjustments:
Trade accounts receivable					(13,516)	(46,191)
Inventories					(31,984)	(16,825)
Payable to suppliers					17,844	(2,842)
Prepaid expenses					(8,769)	(4,976)
Accrued expenses					9,261	(7,741)
Income taxes payable and other income tax items					8,533	(26,990)
Other assets and liabilities					13,851	14,644
Net cash provided by operating activities					281,991	40,081
Cash Flows from Investing Activities:
Purchases of property, plant and equipment					(76,417)	(102,272)
Cost of acquisitions, net of cash acquired					(3,787)	(455)
Proceeds from the sale of assets					4,845	1,498
Investment in affiliates and other, net					524	1,301
Net cash used in investing activities					(74,835)	(99,928)
Cash Flows from Financing Activities:
Proceeds from issuance of debt					1,105,139	243,394
Principal repayment of debt					(269,970)	(81,025)
Net change in commercial paper					(250,000)	(18,000)
Net increase/(decrease) in outstanding checks					7,469	(11,697)
Proceeds from cross-currency swap					14,480	0
Payment of contingent consideration					(2,500)	(5,000)
Cash dividends					(86,337)	(84,160)
Dividends paid to noncontrolling interests					0	(214)
Shares repurchased					(3,950)	(8,550)
Net cash provided by financing activities					514,331	34,748
Effects of Exchange Rate Changes on Cash					(9,498)	1,005
Net Increase/(Decrease) in Cash and Cash Equivalents					711,989	(24,094)
Cash and cash equivalents at beginning of period		$ 145,283		$ 120,389	145,283	120,389	$ 120,389
Cash and cash equivalents at end of period	$ 857,272		$ 96,295		$ 857,272	$ 96,295	$ 145,283

Basis of Interim Presentation

Basis of Interim Presentation	6 Months Ended
	Jun. 28, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Interim Presentation	Basis of Interim Presentation In the opinion of the management of Sonoco Products Company (the “Company” or “Sonoco”), the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments, unless otherwise stated) necessary to state fairly the consolidated financial position, results of operations and cash flows for the interim periods reported herein. Operating results for the six months ended June 28, 2020, are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019.With respect to the unaudited condensed consolidated financial information of the Company for the three- and six-month periods ended June 28, 2020 and June 30, 2019 included in this Form 10-Q, PricewaterhouseCoopers LLP reported that they have applied limited procedures in accordance with professional standards for a review of such information. However, their separate report dated July 29, 2020 appearing herein, states that they did not audit and they do not express an opinion on that unaudited financial information. Accordingly, the degree of reliance on their report on such information should be restricted in light of the limited nature of the review procedures applied. PricewaterhouseCoopers LLP is not subject to the liability provisions of Section 11 of the Securities Act of 1933 for their report on the unaudited financial information because that report is not a “report” or a “part” of a registration statement prepared or certified by PricewaterhouseCoopers LLP within the meaning of Sections 7 and 11 of the Act.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 28, 2020
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2020-04, "Facilitation of the Effects of Reference Rate Reform on Financial Reporting". The ASU is intended to provide optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the discontinuation of the London Interbank Offered Rate (“LIBOR”) or by another reference rate expected to be discontinued. The relief offered by this guidance, if adopted, is available to companies for the period March 12, 2020 through December 31, 2022. The Company does not expect the discontinuation of LIBOR to have a material impact on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, "Measurement of Credit Losses on Financial Instruments," which requires measurement and recognition of expected versus incurred credit losses for financial assets held. The measurement of expected credit losses should be based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. The guidance is effective for annual reporting periods beginning after December 15, 2019, and interim periods within those annual periods. The Company adopted ASU 2016-13 During the six-month period ended June 28, 2020, there have been no other newly issued nor newly applicable accounting pronouncements that have had, or are expected to have, a material impact on the Company’s financial statements. Further, at June 28, 2020, there were no other pronouncements pending adoption that are expected to have a material impact on the Company’s consolidated financial statements.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 28, 2020
Business Combinations [Abstract]
Acquisitions	Acquisitions On January 10, 2020, the Company completed the acquisition of a small tube and core operation in Jacksonville, Florida, from Design Containers, Inc. ("Jacksonville"), for total cash consideration of $3,973. The preliminary fair values of the assets acquired in connection with the Jacksonville acquisition are as follows: Jacksonville Property, plant and equipment $ 2,773 Inventories 150 Goodwill 1,050 Net Assets $ 3,973 Goodwill, all of which is expected to be deductible for income tax purposes, consists of increased access to certain markets. Jacksonville's financial results from January 10, 2020 to June 28, 2020 are included in the Company's Paper and Industrial Converted Products segment. During the six months ended June 28, 2020, the Company continued to finalize its valuations of the assets acquired and liabilities assumed in the December 31, 2019 acquisition of Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD (together "TEQ") and the August 9, 2019 acquisition of Corenso Holdings America, Inc. ("Corenso") based on new information obtained about facts and circumstances that existed as of their respective acquisition dates. In addition, a final post-closing settlement for the change in working capital at TEQ to the date of closing was made in April 2020 resulting in the receipt of cash from the sellers totaling $185. The following measurement period adjustments were made to the previously disclosed preliminary fair values: TEQ Corenso Trade accounts receivable $ (41) $ — Inventories (241) (536) Property, plant and equipment (2,020) — Goodwill 2,763 616 Other intangible assets 600 — Payable to suppliers — (80) Other net tangible assets/liabilities (701) — Deferred income taxes, net (545) — Decrease in consideration paid $ (185) $ — The allocation of the purchase price of TEQ and Corenso to the tangible and intangible assets acquired and liabilities assumed was based on the Company's preliminary estimates of their fair value, based on information currently available. Management is continuing to finalize its valuations of certain assets and liabilities including, but not limited to, those listed in the table above, and expects to complete its valuations within one year from their respective dates of acquisition. On April 12, 2018, the Company completed the acquisition of Highland Packaging Solutions ("Highland"). Total consideration for this acquisition included a contingency purchase liability of $7,500 payable in two annual installments if certain sales metrics were achieved. The metrics were met and the Company paid the first installment of $5,000 in 2019 and paid the second and final installment of $2,500 in May 2020. The payments of these contingent obligations are reflected as financing activities on the Company's Condensed Consolidated Statement of Cash Flows for the six months ended June 28, 2020 and June 30, 2019.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 28, 2020
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity Earnings per Share The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Numerator: Net income attributable to Sonoco $ 55,211 $ 81,159 $ 135,656 $ 154,822 Denominator: Weighted average common shares outstanding: Basic 100,971 100,759 100,915 100,700 Dilutive effect of stock-based compensation 138 419 194 429 Diluted 101,109 101,178 101,109 101,129 Net income attributable to Sonoco per common share: Basic $ 0.55 $ 0.81 $ 1.34 $ 1.54 Diluted $ 0.55 $ 0.80 $ 1.34 $ 1.53 Cash dividends $ 0.43 $ 0.43 $ 0.86 $ 0.84 No adjustments were made to "Net income attributable to Sonoco" in the computations of earnings per share. Anti-dilutive Securities Potentially dilutive securities are calculated in accordance with the treasury stock method, which assumes the proceeds from the exercise of all dilutive stock appreciation rights (SARs) are used to repurchase the Company’s common stock. Certain SARs are not dilutive because either the exercise price is greater than the average market price of the stock during the reporting period or assumed repurchases from proceeds from the exercise of the SARs were antidilutive. These SARs may become dilutive in the future if the market price of the Company's common stock appreciates. The average numbers of SARs that were not dilutive and, therefore, not included in the computation of diluted earnings per share during the three- and six- month periods ended June 28, 2020 and June 30, 2019 were as follows: Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Anti-dilutive stock appreciation rights 1,191 537 890 421 Stock Repurchases On February 10, 2016, the Company’s Board of Directors authorized the repurchase of up to 5,000 shares of the Company's common stock. A total of 2,030 shares were purchased in 2016. No shares were repurchased under this authorization during 2017, 2018, 2019, or during the six months ended June 28, 2020. Accordingly, a total of 2,970 shares remain available for repurchase at June 28, 2020. The Company frequently repurchases shares of its common stock to satisfy employee tax withholding obligations in association with certain share-based compensation awards. These repurchases, which are not part of a publicly announced plan or program, totaled 66 shares in the six months ended June 28, 2020 at a cost of $3,950, and 151 shares in the six months ended June 30, 2019 at a cost of $8,550. Dividend Declarations On April 15, 2020, the Board of Directors declared a regular quarterly dividend of $0.43 per share. This dividend was paid on June 10, 2020 to all shareholders of record as of May 8, 2020. On July 15, 2020, the Board of Directors declared a regular quarterly dividend of $0.43 per share. This dividend is payable on September 10, 2020 to all shareholders of record as of August 10, 2020.

Restructuring and Asset Impairm

Restructuring and Asset Impairment	6 Months Ended
	Jun. 28, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Asset Impairment	Restructuring and Asset Impairment Due to its geographic footprint and the cost-competitive nature of its businesses, the Company is continually seeking the most cost-effective means and structure to serve its customers and to respond to fundamental changes in its markets. As such, restructuring costs have been, and are expected to be, a recurring component of the Company's operating costs. The amount of these costs can vary significantly from quarter to quarter and from year to year depending upon the scope and location of the restructuring activities. The table below sets forth restructuring and restructuring-related asset impairment charges by type incurred: Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Severance and Termination Benefits $ 15,159 $ 5,199 $ 25,259 $ 11,499 Asset Impairment / Disposal of Assets 6,073 5,652 8,759 7,284 Other Costs 1,653 2,504 1,466 5,244 Total Restructuring/Asset Impairment Charges $ 22,885 $ 13,355 $ 35,484 $ 24,027 The table below sets forth restructuring and restructuring-related asset impairment charges by reportable segment: Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Consumer Packaging $ 3,250 $ 10,487 $ 5,612 $ 17,742 Display and Packaging 668 511 3,548 886 Paper and Industrial Converted Products 17,689 1,600 23,045 2,474 Protective Solutions 695 561 1,168 1,003 Corporate 583 196 2,111 1,922 Total Restructuring/Asset Impairment Charges $ 22,885 $ 13,355 $ 35,484 $ 24,027 Restructuring and asset impairment charges are included in “Restructuring/Asset impairment charges” in the Company's Condensed Consolidated Statements of Income. The following table sets forth the activity in the restructuring accrual included in “Accrued expenses and other” on the Company’s Condensed Consolidated Balance Sheets: Severance Asset Other Total Accrual Activity Liability at December 31, 2019 $ 10,765 $ — $ 592 $ 11,357 2020 charges 25,259 8,759 1,466 35,484 Cash receipts/(payments) (17,431) 722 (2,305) (19,014) Asset write downs/disposals — (9,481) 1,143 (8,338) Foreign currency translation (89) (5) (94) Liability at June 28, 2020 $ 18,504 $ — $ 891 $ 19,395 "Severance and Termination Benefits" during the first six months of 2020 includes the cost of severance provided to employees terminated as a result of the operational closures in the Paper and Industrial Converted Products segment including a paper mill in Canada, a paper machine in the United States, and two tube and core plants in the United States, and the closure in the Consumer Packaging segment of a graphic design operation in the United Kingdom. In addition, the charges include the cost of severance for approximately 150 employees whose positions were eliminated in conjunction with the Company's ongoing organizational effectiveness efforts. "Asset Impairment/Disposal of Assets" consists primarily of impairment cha rges of $5,726 resulting from the closure of a paper mill in Canada, and $2,300 resulting from the closure of a paper machine in Hartsville, South Carolina. Additionally, the Company received net cash proceeds of $722 primarily from the sale of a previously closed retail security plant facility in Spartanburg, South Carolina. This facility had a net book value of $490. “Other Costs” consist primarily of costs related to plant closures including equipment removal, utilities, plant security, property taxes and insurance, net of incentive forfeitures.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 28, 2020
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following table summarizes the components of accumulated other comprehensive loss and the changes in the balances of each component of accumulated other comprehensive loss, net of tax as applicable, for the six months ended June 28, 2020 and June 30, 2019: Foreign Defined Cash Accumulated Balance at December 31, 2019 $ (241,994) $ (574,413) $ (396) $ (816,803) Other comprehensive loss before reclassifications (60,121) (862) (4,402) (65,385) Amounts reclassified from accumulated other comprehensive loss to net income — 11,058 1,677 12,735 Other comprehensive (loss)/income (60,121) 10,196 (2,725) (52,650) Balance at June 28, 2020 $ (302,115) $ (564,217) $ (3,121) $ (869,453) Balance at December 31, 2018 $ (251,102) $ (487,380) $ (2,431) $ (740,913) Other comprehensive income/(loss) before reclassifications 6,721 (5,939) 1,726 2,508 Amounts reclassified from accumulated other comprehensive loss to net income — 14,902 (242) 14,660 Amounts reclassified from accumulated other comprehensive loss to fixed assets — — (101) (101) Other comprehensive income 6,721 8,963 1,383 17,067 Balance at June 30, 2019 $ (244,381) $ (478,417) $ (1,048) $ (723,846) The following table summarizes the effects on net income of significant amounts reclassified from each component of accumulated other comprehensive loss for the three- and six-month periods ended June 28, 2020 and June 30, 2019: Amount Reclassified from Accumulated Three Months Ended Six Months Ended Details about Accumulated Other June 28, June 30, June 28, June 30, Affected Line Item in Gains/(losses) on cash flow hedges Foreign exchange contracts $ (3,384) $ 532 $ (4,522) $ 849 Net sales Foreign exchange contracts 2,050 (378) 2,877 (666) Cost of sales Commodity contracts 525 (319) (554) 116 Cost of sales $ (809) $ (165) $ (2,199) $ 299 Income before income taxes 197 59 522 (57) Provision for income taxes $ (612) $ (106) $ (1,677) $ 242 Net income Defined benefit pension items Effect of curtailment loss (a) $ (31) $ — $ (31) $ — Non-operating pension costs Effect of settlement loss (a) (38) (225) (661) (1,547) Non-operating pension costs Amortization of defined benefit pension items (a) (7,221) (9,523) (14,082) (18,455) Non-operating pension costs $ (7,290) $ (9,748) $ (14,774) $ (20,002) Income before income taxes 1,815 2,510 3,716 5,100 Provision for income taxes $ (5,475) $ (7,238) $ (11,058) $ (14,902) Net income Total reclassifications for the period $ (6,087) $ (7,344) $ (12,735) $ (14,660) Net income (a) See Note 11 for additional details. The following table summarizes the before and after tax amounts for the various components of other comprehensive income/(loss) for the three-month periods ended June 28, 2020 and June 30, 2019: Three months ended June 28, 2020 Three months ended June 30, 2019 Before Tax Tax After Tax Before Tax Tax After Tax Foreign currency items: Net other comprehensive loss from foreign currency items $ 33,454 $ — $ 33,454 $ 9,573 $ — $ 9,573 Defined benefit pension items: Other comprehensive income/(loss) before (1,410) 351 (1,059) (6,957) 1,526 (5,431) Amounts reclassified from accumulated other 7,290 (1,815) 5,475 9,748 (2,510) 7,238 Net other comprehensive income/(loss) from 5,880 (1,464) 4,416 2,791 (984) 1,807 Gains and losses on cash flow hedges: Other comprehensive income/(loss) before 1,612 (394) 1,218 (828) 297 (531) Amounts reclassified from accumulated other 809 (197) 612 165 (59) 106 Amounts reclassified from accumulated other — — — (56) — (56) Net other comprehensive income/(loss) from 2,421 (591) 1,830 (719) 238 (481) Other comprehensive income/(loss): $ 41,755 $ (2,055) $ 39,700 $ 11,645 $ (746) $ 10,899 The following table summarizes the before and after tax amounts for the various components of other comprehensive income/(loss) for the six-month periods ended June 28, 2020 and June 30, 2019: Six months ended June 28, 2020 Six months ended June 30, 2019 Before Tax Tax After Tax Before Tax Tax After Tax Foreign currency items: Net other comprehensive (loss)/income from foreign currency items (a) $ (52,540) $ (7,581) $ (60,121) $ 6,721 $ — $ 6,721 Defined benefit pension items: Other comprehensive (loss)/income before (1,146) 284 (862) (7,638) 1,699 (5,939) Amounts reclassified from accumulated other 14,774 (3,716) 11,058 20,002 (5,100) 14,902 Net other comprehensive income/(loss) from 13,628 (3,432) 10,196 12,364 (3,401) 8,963 Gains and losses on cash flow hedges: Other comprehensive income/(loss) before (5,721) 1,319 (4,402) 2,193 (467) 1,726 Amounts reclassified from accumulated other 2,199 (522) 1,677 (299) 57 (242) Amounts reclassified from accumulated other — — — (101) — (101) Net other comprehensive (loss)/income from (3,522) 797 (2,725) 1,793 (410) 1,383 Other comprehensive income/(loss): $ (42,434) $ (10,216) $ (52,650) $ 20,878 $ (3,811) $ 17,067 (a) Other comprehensive loss from foreign currency items for the six months ended June 28, 2020, includes the settlement gain and corresponding tax provision related to the termination of a net investment hedge. See Note 9 for more information.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill A summary of the changes in goodwill by segment for the six months ended June 28, 2020 is as follows: Consumer Display Paper and Protective Total Goodwill at December 31, 2019 $ 691,243 $ 203,414 $ 303,041 $ 231,648 $ 1,429,346 2020 Acquisitions — — 1,050 — 1,050 Foreign currency translation (6,398) — (3,138) (527) (10,063) Measurement period adjustments 2,763 — 616 — 3,379 Goodwill at June 28, 2020 $ 687,608 $ 203,414 $ 301,569 $ 231,121 $ 1,423,712 The Company recorded goodwill totaling $1,050 upon completion of the acquisition of a small tube and core operation in Jacksonville, Florida, from Design Containers, Inc. Measurement period adjustments were made in the first half of 2020 to the fair values of the assets acquired and the liabilities assumed in the 2019 acquisitions of Corenso and TEQ resulting in increases in goodwill of $616 and $2,763, respectively. See Note 3 for additional information. The Company assesses goodwill for impairment annually during the third quarter, or from time to time when warranted by the facts and circumstances surrounding individual reporting units or the Company as a whole. The Company completed its most recent annual goodwill impairment testing during the third quarter of 2019. As part of this testing, the Company analyzed certain qualitative and quantitative factors in determining whether a goodwill impairment existed. The Company's assessments reflected a number of significant management assumptions and estimates including the Company's forecast of sales, profit margins, and discount rates. Changes in these assumptions could materially impact the Company's conclusions. Based on its assessments, as part of its annual impairment test during the third quarter of 2019, the Company concluded that there was no impairment of goodwill for any of its reporting units. Although no reporting units failed the assessments noted above, during the time subsequent to the annual evaluation, and at June 28, 2020, the Company considered whether any events and/or changes in circumstances, including the impact of the COVID-19 pandemic, had resulted in the likelihood that the goodwill of any of its reporting units may have been impaired. It is management's opinion that no such events have occurred. However, the goodwill of the Display and Packaging reporting unit is at risk of impairment in the near term if there is a negative change in the long-term outlook for the business or in other factors such as the discount rate. A large portion of projected sales in this reporting unit is concentrated in several major customers, the loss of any of which could impact the Company's conclusion regarding the likelihood of goodwill impairment for the unit. Total goodwill associated with this reporting unit was $203,414 at June 28, 2020. In the latest annual impairment test, the estimated fair value of the Display and Packaging reporting unit was determined to exceed its carrying value by approximately 35%. In this analysis, projected future cash flows for Display and Packaging were discounted at 8.9%. Based on the discounted cash flow model and holding other valuation assumptions constant, Display and Packaging projected operating profits across all future periods would have to be reduced approximately 27.0%, or the discount rate increased to 12.5%, in order for the estimated fair value to fall below the reporting unit’s carrying value. In addition, the results of the Conitex reporting unit have been negatively impacted by the economic fallout of the COVID-19 pandemic due to end-market weakness, particularly in textiles, as well as certain customers' plants being temporarily shut down to contain the spread of the virus. Management currently expects customer demand will begin to increase and begin approaching pre-pandemic levels next year. However, should it become apparent that the post-COVID-19 recovery is likely to be weaker, or significantly delayed, compared to management’s current expectations, a goodwill impairment charge may be possible in the future. Total goodwill associated with this reporting unit was $32,151 at June 28, 2020. The Company previously owned a 30% noncontrolling interest in Conitex Sonoco (BVI), Ltd. before acquiring the remaining 70% interest on October 1, 2018. In its 2019 annual goodwill impairment test, the Company estimated the fair value of the Conitex reporting unit to be approximately equal to its carrying value. Other Intangible Assets A summary of other intangible assets as of June 28, 2020 and December 31, 2019 is as follows: June 28, December 31, Other Intangible Assets, gross: Patents $ 26,091 $ 26,096 Customer lists 629,363 632,036 Trade names 32,357 32,427 Proprietary technology 24,474 24,525 Other 2,790 2,297 Other Intangible Assets, gross $ 715,075 $ 717,381 Accumulated Amortization: Patents $ (12,483) $ (11,669) Customer lists (309,488) (287,831) Trade names (11,336) (9,985) Proprietary technology (19,028) (17,910) Other (1,744) (1,694) Total Accumulated Amortization $ (354,079) $ (329,089) Other Intangible Assets, net $ 360,996 $ 388,292 In the first quarter of 2020, the Company paid $500 to purchase proprietary technology related to machinery and equipment purchased from a third-party that the Company plans to service internally going forward. This intangible will be amortized over its expected useful life of twelve years. Measurement period adjustments were made in the first half of 2020 to the fair values of the assets acquired and the liabilities assumed in the 2019 acquisition of TEQ resulting in an increase in amortizable intangibles, primarily customer lists, of $600. See Note 3 for additional information. Other Intangible Assets are amortized on a straight-line basis over their respective useful lives, which generally range from three Aggregate amortization expense was $13,359 and $13,098 for the three months ended June 28, 2020 and June 30, 2019, respectively, and $26,631 and $25,890 for th e six months ended June 28, 2020 and June 30, 2019, respectively. Amortization expense on other intangible assets is expected to total approximately $53,000 in 2020, $51,600 in 2021, $48,700 in 2022, $41,000 in 2023 and $29,300 in 2024.

Debt

Debt	6 Months Ended
	Jun. 28, 2020
Debt Disclosure [Abstract]
Debt	Debt Details of the Company's debt at June 28, 2020 and December 31, 2019 are as follows: June 28, December 31, Commercial paper $ — $ 250,000 Wells Fargo term loan due March 2021 150,000 — U.S. Bank term loan due March 2021 100,000 — Wells Fargo term loan due May 2021 200,000 200,000 Syndicated bank term loan due July 2022 143,115 146,569 1.0% Euro loan due May 2021 167,639 167,272 9.2% debentures due August 2021 4,319 4,318 4.375% debentures due November 2021 249,582 249,428 3.125% debentures due May 2030 594,397 — 5.75% debentures due November 2040 599,261 599,244 Other foreign denominated debt 15,189 16,734 Finance lease obligations 26,760 33,077 Other notes 15,001 14,727 Total debt $ 2,265,263 $ 1,681,369 Less current portion and short-term notes 646,623 488,234 Long-term debt $ 1,618,640 $ 1,193,135 The Company has taken several actions in 2020 to secure liquidity in light of volatility in the credit markets and economic uncertainty caused by the COVID-19 pandemic. On March 18, 2020, the Company closed and funded a 364 -day, $150,000 term loan with Wells Fargo Bank, National Association, using the proceeds to repay a portion of outstanding commercial paper. Interest was assessed at the London Interbank Offered Rate (LIBOR) plus a margin based on a pricing grid that used the Company’s credit ratings. The margin above LIBOR at June 28, 2020 was 125 basis points. There was no required amortization and repayment could be accelerated at any time at the discretion of the Company. On April 1, 2020, the Company accessed $250,000 from its $500,000 revolving credit facility with a syndicate of eight banks committed through July 2022. The Company used $85,000 of the proceeds to fully repay its then outstanding commercial paper balance and the remaining proceeds were invested in short-term cash equivalents with maturities of 30 days or less. On April 6, 2020, the Company borrowed $100,000, pursuant to a new 364 -day term loan with U.S. Bank, National Association. Interest is assessed at the LIBOR plus a margin based on a pricing grid that uses the Company's credit ratings. The margin above LIBOR at June 28, 2020 was 125 basis points. There is no required amortization and repayment can be accelerated at any time at the discretion of the Company. On April 22, 2020, the Company sold through a public offering $600,000 of 3.125% notes due May 1, 2030. The offering was made pursuant to an effective shelf registration statement. This action was taken largely to mitigate the risk of possible future credit market dislocations triggered by the economic impact of the COVID-19 pandemic. The Company intends to use the net proceeds from the offering of approximately $594,200 for general corporate purposes, including the repayment of existing debt. In May 2020, the Company exercised a conditional, one-time option to extend its $200,000 term loan with Wells Fargo Bank, National Association, for an additional 364 days to May 2021. Interest is assessed at the LIBOR plus a margin based on a pricing grid that uses the Company's credit ratings. The margin above LIBOR at June 28, 2020 was 112.5 basis points. There is no required amortization and the repayment can be accelerated at any time at the discretion of the Company. On May 5, 2020, the Company repaid the $250,000 borrowed April 1, 2020 under the Company's revolving credit facility. On July 20, 2020, subsequent to quarter end, the Company repaid the $150,000 term loan with Wells Fargo Bank, National Association. As a result of these actions, the Company currently expects debt maturities of approximately $750,000 through December 31, 2021. The Company currently has approximately $700,000 in cash and cash equivalents on hand and $500,000 in committed availability under its revolving credit facility. The Company believes that these amounts, combined with expected net cash flows from operating and investing activities, provide ample liquidity to cover the 2021 debt maturities and other cash flow needs of the Company over the course of the next year. Certain of the Company’s debt agreements impose restrictions with respect to the maintenance of financial ratios and the disposition of assets. The most restrictive covenants currently require the Company to maintain a minimum level of interest coverage and a minimum level of net worth, as defined in the agreements. As of June 28, 2020, the Company’s interest coverage and net worth were substantially above the minimum levels required under these covenants.

Financial Instruments and Deriv

Financial Instruments and Derivatives	6 Months Ended
	Jun. 28, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments and Derivatives	Financial Instruments and Derivatives The following table sets forth the carrying amounts and fair values of the Company’s significant financial instruments for which the carrying amount differs from the fair value. June 28, 2020 December 31, 2019 Carrying Fair Carrying Fair Long-term debt, net of current portion $ 1,618,640 $ 1,804,459 $ 1,193,135 $ 1,351,397 The carrying value of cash and cash equivalents, short-term debt and long-term variable-rate debt approximates fair value. The fair value of long-term debt is determined based on recent trade information in the financial markets of the Company’s public debt or is determined by discounting future cash flows using interest rates available to the Company for issues with similar terms and maturities. It is considered a Level 2 fair value measurement. Cash Flow Hedges At June 28, 2020 and December 31, 2019, the Company had derivative financial instruments outstanding to hedge anticipated transactions and certain asset and liability related cash flows. These contracts, which have maturities ranging to December 2021, qualify as cash flow hedges under U.S. GAAP. For derivative instruments that are designated and qualify as a cash flow hedge, the gain or loss on the derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings and is presented in the same income statement line item as the earnings effect of the hedged item. Commodity Cash Flow Hedges The Company has entered into certain derivative contracts to manage the cost of anticipated purchases of natural gas and aluminum. At June 28, 2020, natural gas swaps covering approximately 2.3 million MMBTUs were outstanding. These contracts represent approximately 64% of anticipated usage in the United States, Canada, and Mexico for the remainder of 2020. Additionally, the Company had swap contracts covering 1,088 metric tons of aluminum, representing approximately 23% and 4% of anticipated usage for the remainder of 2020 and 2021. The fair values of the Company’s commodity cash flow hedges netted to a loss position of $(1,722) and $(1,625) at June 28, 2020 and December 31, 2019 respectively. The amount of the loss included in Accumulated Other Comprehensive Loss at June 28, 2020, that is expected to be reclassified to the income statement during the next twelve months is $(1,189). Foreign Currency Cash Flow Hedges The Company has entered into forward contracts to hedge certain anticipated foreign currency denominated sales, purchases, and capital spending expected to occur in 2020. The net positions of these contracts at June 28, 2020 were as follows (in thousands): Currency Action Quantity Colombian peso purchase 7,829,084 Mexican peso purchase 173,687 Polish zloty purchase 50,740 Czech koruna purchase 20,274 Canadian dollar purchase 10,077 British pound purchase 3,171 Turkish lira purchase 1,598 New Zealand dollar sell (1,241) Swedish krona sell (1,500) Australian dollar sell (2,624) Euro sell (15,717) Russian ruble sell (99,189) The fair value of foreign currency cash flow hedges related to forecasted sales and purchases netted to a loss positio n of $(2,299) at June 28, 2020 and a gain position of $1,058 at December 31, 2019. Losses of $(2,296) are expected to be reclassified from accumulated other comprehensive income to the income statement during the next twelve months. I n addition, the Company occasionally enters into forward contracts to hedge certain foreign currency cash flow transactions related to construction in progress. Gains or losses from these hedges are reclassified from accumulated other comprehensive income and included in the carrying value of the related fixed assets acquired. The net positions of these contracts were immaterial as of June 28, 2020 and December 31, 2019. Net Investment Hedge In January 2020, the Company entered into a cross-currency swap agreement with a notional amount of $250,000 to effectively convert a portion of the Company's fixed-rate, U.S. dollar denominated debt, including the semi-annual interest payments, to fixed-rate euro-denominated debt. The swap agreement had an original maturity of November 1, 2024 and provided for the Company to receive semi-annual interest payments in U.S. dollars at a rate of 5.75% and pay interest in euros at a rate of 3.856%. The risk management objective was to manage foreign currency risk relating to net investments in certain European subsidiaries denominated in foreign currencies. As a result of significant strengthening of the U.S. dollar, as well as a reduction in the differential between U.S. and European interest rates, the fair market value of the swap position appreciated significantly during the first quarter of 2020. In March 2020, the Company terminated the swap agreement and received a net cash settlement of $14,480. The Company recorded this foreign currency translation gain in "Accumulated other comprehensive loss," net of a tax provision of $7,581. Other Derivatives The Company routinely enters into forward contracts or swaps to economically hedge the currency exposure of intercompany debt and foreign currency denominated receivables and payables. The Company does not apply hedge accounting treatment under ASC 815 for these instruments. As such, changes in fair value are recorded directly to income and expense in the periods that they occur. The net currency positions of these contracts at June 28, 2020, were as follows (in thousands): Currency Action Quantity Indonesian rupiah purchase 18,050,048 Colombian peso purchase 8,270,325 Mexican peso purchase 326,547 Canadian dollar purchase 3,114 The Company has entered into certain other derivative contracts to manage the cost of purchases of diesel fuel. At June 28, 2020, diesel swaps covering approximately 3.1 million gallons were outstanding. The fair value of the Company’s other derivatives position was a gain of $21 and $54 at June 28, 2020 and December 31, 2019, respectively. The following table sets forth the location and fair values of the Company’s derivative instruments at June 28, 2020 and December 31, 2019: Description Balance Sheet Location June 28, 2020 December 31, 2019 Derivatives designated as hedging instruments: Commodity Contracts Other assets $ 35 $ — Commodity Contracts Accrued expenses and other $ (1,758) $ (1,625) Foreign Exchange Contracts Prepaid expenses $ 62 $ 1,236 Foreign Exchange Contracts Accrued expenses and other $ (2,361) $ (178) Derivatives not designated as hedging instruments: Commodity Contracts Prepaid expenses $ 184 $ — Foreign Exchange Contracts Prepaid expenses $ 1 $ 88 Foreign Exchange Contracts Accrued expenses and other $ (164) $ (34) While certain of the Company’s derivative contract arrangements with its counterparties provide for the ability to settle contracts on a net basis, the Company reports its derivative positions on a gross basis. There are no collateral arrangements or requirements in these agreements. The following tables set forth the effect of the Company’s derivative instruments on financial performance for the three months ended June 28, 2020 and June 30, 2019: Description Amount of Gain or Location of Gain Amount of Gain or Derivatives in Cash Flow Hedging Relationships: Three months ended June 28, 2020 Foreign Exchange Contracts $ (97) Net sales $ (3,384) Cost of sales $ 2,050 Commodity Contracts $ 1,709 Cost of sales $ 525 Three months ended June 30, 2019 Foreign Exchange Contracts $ 928 Net sales $ 532 Cost of sales $ (378) Commodity Contracts $ (1,756) Cost of sales $ (319) Description Gain or (Loss) Location of Gain or (Loss) Recognized in Derivatives not Designated as Hedging Instruments: Three months ended June 28, 2020 Commodity Contracts $ 184 Cost of sales Foreign Exchange Contracts $ 866 Selling, general and administrative Three months ended June 30, 2019 Commodity Contracts $ — Cost of sales Foreign Exchange Contracts $ 893 Selling, general and administrative Three months ended June 28, 2020 Three months ended June 30, 2019 Description Revenue Cost of Revenue Cost of Total amount of income and expense line items presented in the Condensed Consolidated Statements of Income $ (3,384) $ 2,575 $ 532 $ (697) The effects of cash flow hedging: Gain or (loss) on cash flow hedging relationships: Foreign exchange contracts: Amount of gain or (loss) reclassified from accumulated other comprehensive income into net income $ (3,384) $ 2,050 $ 532 $ (378) Commodity contracts: Amount of gain or (loss) reclassified from accumulated other comprehensive income into net income $ — $ 525 $ — $ (319) The following tables set forth the effect of the Company’s derivative instruments on financial performance for the six months ended June 28, 2020 and June 30, 2019: Description Amount of Gain or Location of Gain Amount of Gain or Derivatives in Cash Flow Hedging Relationships: Six months ended June 28, 2020 Foreign Exchange Contracts $ (5,075) Net sales $ (4,522) Cost of sales $ 2,877 Commodity Contracts $ (646) Cost of sales $ (554) Six months ended June 30, 2019 Foreign Exchange Contracts $ 2,858 Net sales $ 849 Cost of sales $ (666) Commodity Contracts $ (664) Cost of sales $ 116 Description Gain or (Loss) Location of Gain or (Loss) Recognized in Derivatives not Designated as Hedging Instruments: Six months ended June 28, 2020 Commodity Contracts $ 184 Cost of sales Foreign Exchange Contracts $ (4,051) Selling, general and administrative Six months ended June 30, 2019 Commodity Contracts $ — Cost of sales Foreign Exchange Contracts $ (571) Selling, general and administrative Six months ended June 28, 2020 Six months ended June 30, 2019 Description Revenue Cost of Revenue Cost of Total amount of income and expense line items presented in the Condensed Consolidated Statements of Income $ (4,522) $ 2,324 $ 849 $ (550) Gain or (loss) on cash flow hedging relationships: Foreign exchange contracts: Amount of gain or (loss) reclassified from accumulated other comprehensive income into net income $ (4,522) $ 2,877 $ 849 $ (666) Commodity contracts: Amount of gain or (loss) reclassified from accumulated other comprehensive income into net income $ — $ (554) $ — $ 116

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 28, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. A three-tier fair value hierarchy is used to prioritize the inputs in measuring fair value as follows: Level 1 – Observable inputs such as quoted market prices in active markets; Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and Level 3 – Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions. The following table sets forth information regarding the Company’s financial assets and financial liabilities, excluding retirement and postretirement plan assets, measured at fair value on a recurring basis: Description June 28, 2020 Assets measured Level 1 Level 2 Level 3 Hedge derivatives, net: Commodity contracts $ (1,722) $ — $ — $ (1,722) $ — Foreign exchange contracts $ (2,299) $ — $ — $ (2,299) $ — Non-hedge derivatives, net: Commodity contracts 185 — — $ 185 — Foreign exchange contracts $ (164) $ — $ — $ (164) $ — Description December 31, 2019 Assets measured Level 1 Level 2 Level 3 Hedge derivatives, net: Commodity contracts $ (1,625) $ — $ — $ (1,625) $ — Foreign exchange contracts $ 1,058 $ — $ — $ 1,058 $ — Non-hedge derivatives, net: Foreign exchange contracts $ 54 $ — $ — $ 54 $ — As discussed in Note 9, the Company uses derivatives to mitigate the effect of raw material and energy cost fluctuations, foreign currency fluctuations and, from time to time, interest rate movements. Fair value measurements for the Company’s derivatives are classified under Level 2 because such measurements are estimated based on observable inputs such as interest rates, yield curves, spot and future commodity prices and spot and future exchange rates. Certain deferred compensation plan liabilities are funded by assets invested in various exchange traded mutual funds. These assets are measured using quoted prices in accessible active markets for identical assets. The Company does not currently have any non-financial assets or liabilities that are recognized or disclosed at fair value on a recurring basis. None of the Company’s financial assets or liabilities are measured at fair value using significant unobservable inputs. There were no transfers in or out of Level 1 or Level 2 fair value measurements during the three- and six-month periods ended June 28, 2020.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 28, 2020
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Retirement Plans and Retiree Health and Life Insurance Plans The Company provides non-contributory defined benefit pension plans to certain of its employees in the United States, Mexico and Belgium. The Company also sponsors contributory defined benefit pension plans covering the majority of its employees in the United Kingdom, Canada, and the Netherlands. In addition, the Company provides postretirement healthcare and life insurance benefits to a limited number of its retirees and their dependents in the United States and Canada, based on certain age and/or service eligibility requirements. The Company froze participation in its U.S. qualified defined benefit pension plan for newly hired salaried and non-union hourly employees effective December 31, 2003. To replace this benefit, non-union U.S. employees hired on or after January 1, 2004, are provided an annual contribution, called the Sonoco Retirement Contribution (SRC), to their participant accounts in the Sonoco Retirement and Savings Plan. The SRC is equal to 4% of the participant's eligible pay plus 4% of eligible pay in excess of the social security wage base. On February 4, 2009, the U.S. qualified defined benefit pension plan was further amended to freeze plan benefits for all active, non-union participants effective December 31, 2018. Remaining active participants in the U.S. qualified plan became eligible for SRC contributions effective January 1, 2019. The components of net periodic benefit cost include the following: Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Retirement Plans Service cost $ 1,003 $ 962 $ 2,085 $ 1,903 Interest cost 12,549 15,100 25,230 30,043 Expected return on plan assets (12,227) (19,232) (24,807) (38,329) Amortization of prior service cost 247 216 497 430 Amortization of net actuarial loss 7,258 9,646 14,134 18,680 Effect of curtailment loss 31 — 31 — Effect of settlement loss 38 225 661 1,547 Net periodic benefit cost $ 8,899 $ 6,917 $ 17,831 $ 14,274 Retiree Health and Life Insurance Plans Service cost $ 93 $ 78 $ 176 $ 152 Interest cost 81 113 165 231 Expected return on plan assets (93) (179) (183) (356) Amortization of prior service credit (69) (124) (137) (247) Amortization of net actuarial gain (215) (215) (412) (408) Net periodic benefit income $ (203) $ (327) $ (391) $ (628) The Company made aggregate contributio ns of $8,602 and $199,006 to its defined benefit retirement and retiree health and life insurance plans during the six months ended June 28, 2020 and June 30, 2019, respectively. The prior year included voluntary contributions to the Company's U.S. defined benefit pension plans (the "Plans") in May 2019 totaling $190,000. These voluntary contributions were followed by actions to further de-risk the Plan portfolios by increasing the allocation of pension assets to fixed-income investments. The Company expects to make additional aggregate contributions of approximately $8,500 to its defined benefit retirement and retiree health and life insurance plans over the remainder of 2020, excluding potential immaterial cash funding related to restructuring actions. Plan Termination As previously disclosed, the Company terminated the Sonoco Pension Plan for Inactive Participants (the "Inactive Plan"), a tax-qualified defined benefit plan, effective September 30, 2019. Upon approval from the Pension Benefit Guaranty Corporation ("PBGC"), and following completion of a limited lump sum offering, the Company is expected to settle all remaining liabilities under the Inactive Plan through the purchase of annuities. The Company intends to apply to the PBGC for an extension of the distribution deadline and expects to make additional contributions to the Inactive Plan of approximately $150,000 in 2021 in order to be fully funded on a termination basis at the time of the annuity purchase. The actual amount of the Company's long-term liability when it is transferred, and the related cash contribution requirement, will depend upon the nature and timing of participant settlements, as well as prevailing market conditions. These expected contributions are reducing tax payments in 2020 by approximately $38,000. Non-cash, pretax settlement charges totaling approximately $590,000 are expected to be recognized in 2021 as the lump sum payouts and annuity purchases are made. Settlements and Curtailments The Company recognized settlement charges totaling $661 and $1,547 during the six months ended June 28, 2020 and June 30, 2019, respectively. These charges resulted from payments made t o certain participants of the Company's non-union Canadian pension plan who elected a lump sum distribution option upon retirement. Additional settlement charges may be recognized over the remainder of 2020 as a result of ongoing lump-sum distributions and restructuring actions. In addition, curtailment charges totaling $31 related to the closure of a paper mill in Canada were recognized during the six months ended June 28, 2020. Sonoco Retirement Contribution (SRC) SRC contributions, which are funded annually in the first quarter, totaled $22,503 during the six months ended June 28, 2020, and $14,573 during the six months ended June 30, 2019. No additional SRC contributions are expected during the remainder of 2020. The Company recognized expense related to the SRC of $5,716 and $5,830 for the quarters ended June 28, 2020 and June 30, 2019, respectively, and $11,694 and $12,097 for the six-month periods ended June 28, 2020 and June 30, 2019, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 28, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rates for the three- and six-month periods ended June 28, 2020 were 30.0% and 27.2%, respectively, and its effective tax rates for the three- and six-month periods ended June 30, 2019 were 26.3% and 25.1%, respectively. The rates for the three- and six-month periods ended June 28, 2020 and June 30, 2019 varied from the U.S. statutory rate due primarily to the unfavorable effect of certain international operations that were subject to tax rates generally higher than the U.S. tax rate, the effect of state income taxes, the effect of the Global Intangible Low Taxed Income (GILTI) tax, and the recording of the expected impact of settling the Company's federal income tax audit. The Company and/or its subsidiaries file federal, state and local income tax returns in the United States and various foreign jurisdictions. The Company's U.S. federal income tax return is currently under audit for the 2012 and 2013 tax years, and the Company expects to finalize settlement of this audit in the second half of 2020. Other than the aforementioned audit, with few exceptions, the Company is no longer subject to income tax examinations by tax authorities for years prior to 2016. The Company’s reserve for uncertain tax benefits has increased by approximately $700 since December 31, 2019, due primarily to an increase in reserves related to existing uncertain tax positions. The Company believes that it is reasonably possible that the amount reserved for unrecognized tax benefits at June 28, 2020 could decrease by approximately $7,000 over the next twelve months. This change includes the anticipated increase in reserves related to existing positions offset by settlements of issues currently under examination and the release of existing reserves due to the expiration of the statute of limitations. Although the Company’s estimate for the potential outcome for any uncertain tax issue is highly judgmental, management believes that any reasonably foreseeable outcomes related to these matters have been adequately provided for. However, future results may include favorable or unfavorable adjustments to estimated tax liabilities in the period the assessments are made or resolved or when statutes of limitation on potential assessments expire. Additionally, the jurisdictions in which earnings or deductions are realized may differ from current estimates. As a result, the Company’s effective tax rate may fluctuate significantly on a quarterly basis. The Company has operations and pays taxes in many countries outside of the U.S. and taxes on those earnings are subject to varying rates. The Company is not dependent upon the favorable benefit of any one jurisdiction to an extent that the loss of such benefit would have a material effect on the Company’s overall effective tax rate.

Leases

Leases	6 Months Ended
	Jun. 28, 2020
Leases [Abstract]
Leases	Leases The Company routinely enters into leasing arrangements for real estate (including manufacturing facilities, office space, warehouses, and packaging centers), transportation equipment (automobiles, forklifts, and trailers), and office equipment (copiers and postage machines). The assessment of the certainty associated with the exercise of various lease renewal, termination, and purchase options included in the Company's lease contracts is at the Company's sole discretion. Most real estate leases, in particular, include one or more options to renew, with renewal terms that can extend the lease term from one As the implicit rate in the Company's leases is not readily determinable, the Company calculates its lease liabilities using discount rates based upon the Company’s incremental secured borrowing rate, which contemplates and reflects a particular geographical region’s interest rate for the leases active within that region of the Company’s global operations. The Company further utilizes a portfolio approach by assigning a “short” rate to contracts with lease terms of 10 years or less and a “long” rate for contracts greater than 10 years. The following table sets forth the balance sheet location and values of the Company’s lease assets and lease liabilities at June 28, 2020 and December 31, 2019: Classification Balance Sheet Location June 28, 2020 December 31, 2019 Lease Assets Operating lease assets Right of Use Asset - Operating Leases $ 294,050 $ 298,393 Finance lease assets Other Assets 28,719 34,858 Total lease assets $ 322,769 $ 333,251 Lease Liabilities Current operating lease liabilities Accrued expenses and other $ 53,563 $ 54,048 Current finance lease liabilities Notes payable and current portion of debt 2,897 10,803 Total current lease liabilities $ 56,460 $ 64,851 Noncurrent operating lease liabilities Noncurrent Operating Lease Liabilities $ 249,217 $ 253,992 Noncurrent finance lease liabilities Long-term Debt, Net of Current Portion 23,863 22,274 Total noncurrent lease liabilities $ 273,080 $ 276,266 Total lease liabilities $ 329,540 $ 341,117 Certain of the Company’s leases include variable costs. Variable costs include lease payments that were volume or usage-driven in accordance with the use of the underlying asset, and also non-lease components that were incurred based upon actual terms rather than contractually fixed amounts. In addition, variable costs are incurred for lease payments that are indexed to a change in rate or index. Because the right of use asset recorded on the balance sheet was determined based upon factors considered at the commencement date, subsequent changes in the rate or index that were not contemplated in the right of use asset balances recorded on the balance sheet result in variable expenses being incurred when paid during the lease term. The following table sets forth the components of the Company's total lease cost for the three- and six-month periods ended June 28, 2020 and June 30, 2019: Three Months Ended Six Months Ended Lease Cost June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Operating lease cost (a) $ 14,360 $ 15,771 $ 28,711 $ 31,316 Finance lease cost: Amortization of lease asset (a) (b) 2,391 2,053 4,938 4,122 Interest on lease liabilities (c) 238 245 463 521 Variable lease cost (a) (d) 8,576 7,791 21,861 16,969 Total lease cost $ 25,565 $ 25,860 $ 55,973 $ 52,928 (a) Production-related and administrative amounts are included in cost of sales and selling, general and administrative expenses, respectively. (b) Included in depreciation and amortization. (c) Included in interest expense. (d) Also includes short term lease costs, which are deemed immaterial . The following table sets forth certain lease-related information for the six months ended June 28, 2020 and June 30, 2019: Six Months Ended June 28, 2020 Six Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used by operating leases $ 29,309 $ 31,482 Operating cash flows used by finance leases $ 463 $ 521 Financing cash flows used by finance leases $ 5,389 $ 4,575 Leased assets obtained in exchange for new operating lease liabilities $ 25,896 $ 8,820 Leased assets obtained in exchange for new finance lease liabilities $ 8,237 $ 104
Leases	Leases The Company routinely enters into leasing arrangements for real estate (including manufacturing facilities, office space, warehouses, and packaging centers), transportation equipment (automobiles, forklifts, and trailers), and office equipment (copiers and postage machines). The assessment of the certainty associated with the exercise of various lease renewal, termination, and purchase options included in the Company's lease contracts is at the Company's sole discretion. Most real estate leases, in particular, include one or more options to renew, with renewal terms that can extend the lease term from one As the implicit rate in the Company's leases is not readily determinable, the Company calculates its lease liabilities using discount rates based upon the Company’s incremental secured borrowing rate, which contemplates and reflects a particular geographical region’s interest rate for the leases active within that region of the Company’s global operations. The Company further utilizes a portfolio approach by assigning a “short” rate to contracts with lease terms of 10 years or less and a “long” rate for contracts greater than 10 years. The following table sets forth the balance sheet location and values of the Company’s lease assets and lease liabilities at June 28, 2020 and December 31, 2019: Classification Balance Sheet Location June 28, 2020 December 31, 2019 Lease Assets Operating lease assets Right of Use Asset - Operating Leases $ 294,050 $ 298,393 Finance lease assets Other Assets 28,719 34,858 Total lease assets $ 322,769 $ 333,251 Lease Liabilities Current operating lease liabilities Accrued expenses and other $ 53,563 $ 54,048 Current finance lease liabilities Notes payable and current portion of debt 2,897 10,803 Total current lease liabilities $ 56,460 $ 64,851 Noncurrent operating lease liabilities Noncurrent Operating Lease Liabilities $ 249,217 $ 253,992 Noncurrent finance lease liabilities Long-term Debt, Net of Current Portion 23,863 22,274 Total noncurrent lease liabilities $ 273,080 $ 276,266 Total lease liabilities $ 329,540 $ 341,117 Certain of the Company’s leases include variable costs. Variable costs include lease payments that were volume or usage-driven in accordance with the use of the underlying asset, and also non-lease components that were incurred based upon actual terms rather than contractually fixed amounts. In addition, variable costs are incurred for lease payments that are indexed to a change in rate or index. Because the right of use asset recorded on the balance sheet was determined based upon factors considered at the commencement date, subsequent changes in the rate or index that were not contemplated in the right of use asset balances recorded on the balance sheet result in variable expenses being incurred when paid during the lease term. The following table sets forth the components of the Company's total lease cost for the three- and six-month periods ended June 28, 2020 and June 30, 2019: Three Months Ended Six Months Ended Lease Cost June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Operating lease cost (a) $ 14,360 $ 15,771 $ 28,711 $ 31,316 Finance lease cost: Amortization of lease asset (a) (b) 2,391 2,053 4,938 4,122 Interest on lease liabilities (c) 238 245 463 521 Variable lease cost (a) (d) 8,576 7,791 21,861 16,969 Total lease cost $ 25,565 $ 25,860 $ 55,973 $ 52,928 (a) Production-related and administrative amounts are included in cost of sales and selling, general and administrative expenses, respectively. (b) Included in depreciation and amortization. (c) Included in interest expense. (d) Also includes short term lease costs, which are deemed immaterial . The following table sets forth certain lease-related information for the six months ended June 28, 2020 and June 30, 2019: Six Months Ended June 28, 2020 Six Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used by operating leases $ 29,309 $ 31,482 Operating cash flows used by finance leases $ 463 $ 521 Financing cash flows used by finance leases $ 5,389 $ 4,575 Leased assets obtained in exchange for new operating lease liabilities $ 25,896 $ 8,820 Leased assets obtained in exchange for new finance lease liabilities $ 8,237 $ 104

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 28, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company records revenue when control is transferred to the customer, which is either upon shipment or over time in cases where the Company is entitled to payment with margin for products produced that are customer specific without alternative use. The Company recognizes over time revenue under the input method as goods are produced. Revenue that is recognized at a point in time is recognized when the customer obtains control of the goods. Customers obtain control either when goods are delivered to the customer facility, if the Company is responsible for arranging transportation, or when picked up by the customer's designated carrier. The Company commonly enters into Master Supply Arrangements with customers to provide goods and/or services over specific time periods. Customers submit purchase orders with quantities and prices to create a contract for accounting purposes. Shipping and handling expenses are included in "Cost of Sales," and freight charged to customers is included in "Net Sales" in the Company's Condensed Consolidated Statements of Income. The Company has rebate agreements with certain customers. These rebates are recorded as reductions of revenue and are accrued using sales data and rebate percentages specific to each customer agreement. Accrued customer rebates are included in "Accrued expenses and other" in the Company's Condensed Consolidated Balance Sheets. Payment terms under the Company's sales arrangements are short term, generally no longer than 120 days. The Company does provide prompt payment discounts to certain customers if invoices are paid within a predetermined period. Prompt payment discounts are treated as a reduction of revenue and are determinable within a short period of the sale. The following table sets forth information about receivables, contract assets, and liabilities from contracts with customers. Contract assets and liabilities are reported in "Other receivables" and "Accrued expenses and other," respectively, on the Company's Condensed Consolidated Balance Sheets. June 28, 2020 December 31, 2019 Contract Assets $ 62,289 $ 56,364 Contract Liabilities $ (16,435) $ (17,047) Significant changes in the contract assets and liabilities balances during the period were as follows: June 28, 2020 December 31, 2019 Contract Contract Contract Contract Beginning Balance $ 56,364 $ (17,047) $ 48,786 $ (18,533) Revenue deferred or rebates accrued — (15,102) — (29,062) Recognized as revenue 3,893 8,473 Rebates paid to customers — 11,821 — 22,075 Increases due to rights to consideration for customer specific goods produced, but not billed during the period 62,289 — 51,797 — Transferred to receivables from contract assets recognized at the beginning of the period (56,364) — (48,786) — Acquired as part of a business combination — — 4,567 — Ending Balance $ 62,289 $ (16,435) $ 56,364 $ (17,047) Contract assets and liabilities are generally short in duration given the nature of products produced by the Company. Contract assets represent goods produced without alternative use for which the Company is entitled to payment with margin prior to shipment. Upon shipment, the Company is entitled to bill the customer, and therefore amounts included in contract assets will be reduced with the recording of an account receivable as they represent an unconditional right to payment. Contract liabilities represent revenue deferred due to pricing mechanisms utilized by the Company in certain multi-year arrangements, volume rebates, and payments received in advance. For multi-year arrangements with pricing mechanisms, the Company will generally defer revenue during the first half of the arrangement, and will release the deferral over the back half of the contract term. The Company's reportable segments are aligned by product nature as disclosed in Note 15. The following tables set forth information about revenue disaggregated by primary geographic regions, and timing of revenue recognition for the three-month periods ended June 28, 2020 and June 30, 2019. The tables also include a reconciliation of disaggregated revenue with reportable segments. Three months ended June 28, 2020 Consumer Display and Paper and Protective Total Primary Geographical Markets: United States $ 448,546 $ 47,804 $ 259,178 $ 73,777 $ 829,305 Europe 102,327 59,499 75,279 5,411 242,516 Canada 26,732 — 20,995 — 47,727 Asia 17,745 — 52,799 186 70,730 Other 19,271 — 26,201 9,735 55,207 Total $ 614,621 $ 107,303 $ 434,452 $ 89,109 $ 1,245,485 Three months ended June 30, 2019 Consumer Packaging Display and Paper and Protective Total Primary Geographical Markets: United States $ 436,896 $ 62,097 $ 268,890 $ 104,058 $ 871,941 Europe 99,007 71,564 87,958 5,595 264,124 Canada 28,839 — 29,903 — 58,742 Asia 17,445 — 69,588 516 87,549 Other 20,563 1,172 34,989 20,641 77,365 Total $ 602,750 $ 134,833 $ 491,328 $ 130,810 $ 1,359,721 The following tables set forth information about revenue disaggregated by primary geographic regions for the six-month periods ended June 28, 2020 and June 30, 2019. The tables also include a reconciliation of disaggregated revenue with reportable segments. Six months ended June 28, 2020 Consumer Display and Paper and Protective Total Primary Geographical Markets: United States $ 870,025 $ 103,513 $ 536,000 $ 170,265 $ 1,679,803 Europe 205,350 125,146 158,819 10,695 500,010 Canada 52,577 — 46,572 — 99,149 Asia 34,283 — 108,583 388 143,254 Other 40,803 — 59,448 26,314 126,565 Total $ 1,203,038 $ 228,659 $ 909,422 $ 207,662 $ 2,548,781 Six months ended June 30, 2019 Consumer Packaging Display and Paper and Protective Total Primary Geographical Markets: United States $ 853,296 $ 127,659 $ 537,456 $ 205,236 $ 1,723,647 Europe 207,219 141,807 178,663 11,462 539,151 Canada 56,139 — 62,736 — 118,875 Asia 33,358 — 138,648 1,436 173,442 Other 42,454 2,921 69,862 41,074 156,311 Total $ 1,192,466 $ 272,387 $ 987,365 $ 259,208 $ 2,711,426

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 28, 2020
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company reports its financial results in four reportable segments: Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. The Consumer Packaging segment includes the following products and services: round and shaped rigid containers and trays (both composite and thermoformed plastic); extruded and injection-molded plastic products; printed flexible packaging; global brand artwork management; and metal and peelable membrane ends and closures. The Display and Packaging segment includes the following products and services: designing, manufacturing, assembling, packing and distributing temporary, semi-permanent and permanent point-of-purchase displays; supply chain management services, including contract packing, fulfillment and scalable service centers; retail packaging, including printed backer cards, thermoformed blisters and heat sealing equipment; and paper amenities, such as coasters and glass covers. The Paper and Industrial Converted Products segment includes the following products: paperboard tubes, cones, and cores; fiber-based construction tubes; wooden, metal and composite wire and cable reels and spools; and recycled paperboard, linerboard, corrugating medium, recovered paper and material recycling services. The Protective Solutions segment includes the following products: custom-engineered, paperboard-based and expanded foam protective packaging and components; and temperature-assured packaging. The following table sets forth net sales, intersegment sales and operating profit for the Company’s reportable segments. “Segment operating profit” is defined as the segment’s portion of “Operating profit” excluding restructuring and asset impairment charges, acquisition expenses, interest income and expense, income taxes or certain other items, if any, the exclusion of which the Company believes improves comparability and analysis of the financial performance of the business. General corporate expenses have been allocated as operating costs to each of the Company’s reportable segments. SEGMENT FINANCIAL INFORMATION Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Net sales: Consumer Packaging $ 614,621 $ 602,750 $ 1,203,038 $ 1,192,466 Display and Packaging 107,303 134,833 228,659 272,387 Paper and Industrial Converted Products 434,452 491,328 909,422 987,365 Protective Solutions 89,109 130,810 207,662 259,208 Consolidated $ 1,245,485 $ 1,359,721 $ 2,548,781 $ 2,711,426 Intersegment sales: Consumer Packaging $ 2,451 $ 1,122 $ 4,724 $ 2,043 Display and Packaging 1,169 1,114 2,467 2,281 Paper and Industrial Converted Products 27,848 31,535 57,060 65,189 Protective Solutions 331 363 703 825 Consolidated $ 31,799 $ 34,134 $ 64,954 $ 70,338 Operating profit: Segment operating profit: Consumer Packaging $ 86,129 $ 62,942 $ 153,930 $ 125,057 Display and Packaging 5,981 5,889 14,075 12,343 Paper and Industrial Converted 29,964 61,229 83,977 109,616 Protective Solutions 4,482 14,275 18,486 25,279 Restructuring/Asset impairment charges (22,885) (13,355) (35,484) (24,027) Other, net 56 (1,212) (1,154) (1,612) Consolidated $ 103,727 $ 129,768 $ 233,830 $ 246,656

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 28, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Pursuant to U.S. GAAP, accruals for estimated losses are recorded at the time information becomes available indicating that losses are probable and that the amounts are reasonably estimable. As is the case with other companies in similar industries, the Company faces exposure from actual or potential claims and legal proceedings from a variety of sources. Some of these exposures, as discussed below, have the potential to be material. Environmental Matters The Company is subject to a variety of environmental and pollution control laws and regulations in all jurisdictions in which it operates. Spartanburg In connection with its acquisition of Tegrant in November 2011, the Company identified potential environmental contamination at a site in Spartanburg, South Carolina. The total remediation cost of the Spartanburg site was estimated to be $17,400 at the time of acquisition and an accrual in this amount was recorded on Tegrant’s opening balance sheet. Since the acquisition, the Company has spent a total of $1,678 on remediation of the Spartanburg site. Based on favorable developments at the Spartanburg site, the Company reduced its environmental reserve by$10,000 in the third quarter of 2019 in order to reflect its revised best estimate of what it is likely to pay in order to complete the remediation. This prior year adjustment resulted in a $10,000 reduction in "Selling, general and administrative expenses" in the third quarter of 2019. At June 28, 2020 and December 31, 2019, the Company's accrual for environmental contingencies related to the Spartanburg site totaled $5,722 and $5,789, respect ively. The Company cannot currently estimate its potential liability, damages or range of potential loss, if any, beyond the amounts accrued with respect to this exposure. However, the Company does not believe that the resolution of this matter has a reasonable possibility of having a material adverse effect on the Company's financial statements. Other environmental matters The Company has been named as a potentially responsible party at several other environmentally contaminated sites. All of the sites are also the responsibility of other parties. The potential remediation liabilities are shared with such other parties, and, in most cases, the Company’s share, if any, cannot be reasonably estimated at the current time. However, the Company does not believe that the resolution of these matters has a reasonable possibility of having a material adverse effect on the Company's financial statements. At June 28, 2020 and December 31, 2019, the Company's accrual for these other sites totaled $2,679 and $2,938 , respectively. Summary As of June 28, 2020 and December 31, 2019, the Company (and its subsidiaries) had accr ued $8,401 and $8,727, respectively, related to environmental contingencies. These accruals are included in “Accrued expenses and other” on the Company’s Condensed Consolidated Balance Sheets. Other Legal Matters In addition to those matters described above, the Company is subject to other various legal proceedings, claims, and litigation arising in the ordinary course of business. While the outcome of these matters could differ from management’s expectations, the Company does not believe the resolution of these matters has a reasonable possibility of having a material adverse effect on the Company’s financial statements.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 28, 2020
Accounting Changes and Error Corrections [Abstract]
New Accounting Pronouncements	In March 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2020-04, "Facilitation of the Effects of Reference Rate Reform on Financial Reporting". The ASU is intended to provide optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the discontinuation of the London Interbank Offered Rate (“LIBOR”) or by another reference rate expected to be discontinued. The relief offered by this guidance, if adopted, is available to companies for the period March 12, 2020 through December 31, 2022. The Company does not expect the discontinuation of LIBOR to have a material impact on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, "Measurement of Credit Losses on Financial Instruments," which requires measurement and recognition of expected versus incurred credit losses for financial assets held. The measurement of expected credit losses should be based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. The guidance is effective for annual reporting periods beginning after December 15, 2019, and interim periods within those annual periods. The Company adopted ASU 2016-13 During the six-month period ended June 28, 2020, there have been no other newly issued nor newly applicable accounting pronouncements that have had, or are expected to have, a material impact on the Company’s financial statements. Further, at June 28, 2020, there were no other pronouncements pending adoption that are expected to have a material impact on the Company’s consolidated financial statements.
Fair Value Measurements	Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. A three-tier fair value hierarchy is used to prioritize the inputs in measuring fair value as follows: Level 1 – Observable inputs such as quoted market prices in active markets; Level 2 – Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and Level 3 – Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions.
Commitments and Contingencies	Pursuant to U.S. GAAP, accruals for estimated losses are recorded at the time information becomes available indicating that losses are probable and that the amounts are reasonably estimable. As is the case with other companies in similar industries, the Company faces exposure from actual or potential claims and legal proceedings from a variety of sources.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 28, 2020
Business Combinations [Abstract]
Preliminary fair values of assets acquired and liabilities assumed	The preliminary fair values of the assets acquired in connection with the Jacksonville acquisition are as follows: Jacksonville Property, plant and equipment $ 2,773 Inventories 150 Goodwill 1,050 Net Assets $ 3,973
Schedule of measurement period adjustments	The following measurement period adjustments were made to the previously disclosed preliminary fair values: TEQ Corenso Trade accounts receivable $ (41) $ — Inventories (241) (536) Property, plant and equipment (2,020) — Goodwill 2,763 616 Other intangible assets 600 — Payable to suppliers — (80) Other net tangible assets/liabilities (701) — Deferred income taxes, net (545) — Decrease in consideration paid $ (185) $ —

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 28, 2020
Equity [Abstract]
Earnings per share	The following table sets forth the computation of basic and diluted earnings per share: Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Numerator: Net income attributable to Sonoco $ 55,211 $ 81,159 $ 135,656 $ 154,822 Denominator: Weighted average common shares outstanding: Basic 100,971 100,759 100,915 100,700 Dilutive effect of stock-based compensation 138 419 194 429 Diluted 101,109 101,178 101,109 101,129 Net income attributable to Sonoco per common share: Basic $ 0.55 $ 0.81 $ 1.34 $ 1.54 Diluted $ 0.55 $ 0.80 $ 1.34 $ 1.53 Cash dividends $ 0.43 $ 0.43 $ 0.86 $ 0.84
Schedule of antidilutive securities excluded from computation of earnings per share	The average numbers of SARs that were not dilutive and, therefore, not included in the computation of diluted earnings per share during the three- and six- month periods ended June 28, 2020 and June 30, 2019 were as follows: Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Anti-dilutive stock appreciation rights 1,191 537 890 421

Restructuring and Asset Impai_2

Restructuring and Asset Impairment (Tables)	6 Months Ended
	Jun. 28, 2020
Restructuring and Related Activities [Abstract]
Restructuring and restructuring-related asset impairment expenses by type incurred and by reportable segment	The table below sets forth restructuring and restructuring-related asset impairment charges by type incurred: Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Severance and Termination Benefits $ 15,159 $ 5,199 $ 25,259 $ 11,499 Asset Impairment / Disposal of Assets 6,073 5,652 8,759 7,284 Other Costs 1,653 2,504 1,466 5,244 Total Restructuring/Asset Impairment Charges $ 22,885 $ 13,355 $ 35,484 $ 24,027 The table below sets forth restructuring and restructuring-related asset impairment charges by reportable segment: Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Consumer Packaging $ 3,250 $ 10,487 $ 5,612 $ 17,742 Display and Packaging 668 511 3,548 886 Paper and Industrial Converted Products 17,689 1,600 23,045 2,474 Protective Solutions 695 561 1,168 1,003 Corporate 583 196 2,111 1,922 Total Restructuring/Asset Impairment Charges $ 22,885 $ 13,355 $ 35,484 $ 24,027
Restructuring accrual activity	The following table sets forth the activity in the restructuring accrual included in “Accrued expenses and other” on the Company’s Condensed Consolidated Balance Sheets: Severance Asset Other Total Accrual Activity Liability at December 31, 2019 $ 10,765 $ — $ 592 $ 11,357 2020 charges 25,259 8,759 1,466 35,484 Cash receipts/(payments) (17,431) 722 (2,305) (19,014) Asset write downs/disposals — (9,481) 1,143 (8,338) Foreign currency translation (89) (5) (94) Liability at June 28, 2020 $ 18,504 $ — $ 891 $ 19,395

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 28, 2020
Equity [Abstract]
Components of accumulated other comprehensive loss	The following table summarizes the components of accumulated other comprehensive loss and the changes in the balances of each component of accumulated other comprehensive loss, net of tax as applicable, for the six months ended June 28, 2020 and June 30, 2019: Foreign Defined Cash Accumulated Balance at December 31, 2019 $ (241,994) $ (574,413) $ (396) $ (816,803) Other comprehensive loss before reclassifications (60,121) (862) (4,402) (65,385) Amounts reclassified from accumulated other comprehensive loss to net income — 11,058 1,677 12,735 Other comprehensive (loss)/income (60,121) 10,196 (2,725) (52,650) Balance at June 28, 2020 $ (302,115) $ (564,217) $ (3,121) $ (869,453) Balance at December 31, 2018 $ (251,102) $ (487,380) $ (2,431) $ (740,913) Other comprehensive income/(loss) before reclassifications 6,721 (5,939) 1,726 2,508 Amounts reclassified from accumulated other comprehensive loss to net income — 14,902 (242) 14,660 Amounts reclassified from accumulated other comprehensive loss to fixed assets — — (101) (101) Other comprehensive income 6,721 8,963 1,383 17,067 Balance at June 30, 2019 $ (244,381) $ (478,417) $ (1,048) $ (723,846)
Effects on net income of significant amounts reclassified from accumulated other comprehensive loss	The following table summarizes the effects on net income of significant amounts reclassified from each component of accumulated other comprehensive loss for the three- and six-month periods ended June 28, 2020 and June 30, 2019: Amount Reclassified from Accumulated Three Months Ended Six Months Ended Details about Accumulated Other June 28, June 30, June 28, June 30, Affected Line Item in Gains/(losses) on cash flow hedges Foreign exchange contracts $ (3,384) $ 532 $ (4,522) $ 849 Net sales Foreign exchange contracts 2,050 (378) 2,877 (666) Cost of sales Commodity contracts 525 (319) (554) 116 Cost of sales $ (809) $ (165) $ (2,199) $ 299 Income before income taxes 197 59 522 (57) Provision for income taxes $ (612) $ (106) $ (1,677) $ 242 Net income Defined benefit pension items Effect of curtailment loss (a) $ (31) $ — $ (31) $ — Non-operating pension costs Effect of settlement loss (a) (38) (225) (661) (1,547) Non-operating pension costs Amortization of defined benefit pension items (a) (7,221) (9,523) (14,082) (18,455) Non-operating pension costs $ (7,290) $ (9,748) $ (14,774) $ (20,002) Income before income taxes 1,815 2,510 3,716 5,100 Provision for income taxes $ (5,475) $ (7,238) $ (11,058) $ (14,902) Net income Total reclassifications for the period $ (6,087) $ (7,344) $ (12,735) $ (14,660) Net income (a) See Note 11 for additional details.
Before and after tax amounts for comprehensive income (loss) components	The following table summarizes the before and after tax amounts for the various components of other comprehensive income/(loss) for the three-month periods ended June 28, 2020 and June 30, 2019: Three months ended June 28, 2020 Three months ended June 30, 2019 Before Tax Tax After Tax Before Tax Tax After Tax Foreign currency items: Net other comprehensive loss from foreign currency items $ 33,454 $ — $ 33,454 $ 9,573 $ — $ 9,573 Defined benefit pension items: Other comprehensive income/(loss) before (1,410) 351 (1,059) (6,957) 1,526 (5,431) Amounts reclassified from accumulated other 7,290 (1,815) 5,475 9,748 (2,510) 7,238 Net other comprehensive income/(loss) from 5,880 (1,464) 4,416 2,791 (984) 1,807 Gains and losses on cash flow hedges: Other comprehensive income/(loss) before 1,612 (394) 1,218 (828) 297 (531) Amounts reclassified from accumulated other 809 (197) 612 165 (59) 106 Amounts reclassified from accumulated other — — — (56) — (56) Net other comprehensive income/(loss) from 2,421 (591) 1,830 (719) 238 (481) Other comprehensive income/(loss): $ 41,755 $ (2,055) $ 39,700 $ 11,645 $ (746) $ 10,899 The following table summarizes the before and after tax amounts for the various components of other comprehensive income/(loss) for the six-month periods ended June 28, 2020 and June 30, 2019: Six months ended June 28, 2020 Six months ended June 30, 2019 Before Tax Tax After Tax Before Tax Tax After Tax Foreign currency items: Net other comprehensive (loss)/income from foreign currency items (a) $ (52,540) $ (7,581) $ (60,121) $ 6,721 $ — $ 6,721 Defined benefit pension items: Other comprehensive (loss)/income before (1,146) 284 (862) (7,638) 1,699 (5,939) Amounts reclassified from accumulated other 14,774 (3,716) 11,058 20,002 (5,100) 14,902 Net other comprehensive income/(loss) from 13,628 (3,432) 10,196 12,364 (3,401) 8,963 Gains and losses on cash flow hedges: Other comprehensive income/(loss) before (5,721) 1,319 (4,402) 2,193 (467) 1,726 Amounts reclassified from accumulated other 2,199 (522) 1,677 (299) 57 (242) Amounts reclassified from accumulated other — — — (101) — (101) Net other comprehensive (loss)/income from (3,522) 797 (2,725) 1,793 (410) 1,383 Other comprehensive income/(loss): $ (42,434) $ (10,216) $ (52,650) $ 20,878 $ (3,811) $ 17,067 (a) Other comprehensive loss from foreign currency items for the six months ended June 28, 2020, includes the settlement gain and corresponding tax provision related to the termination of a net investment hedge. See Note 9 for more information.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in goodwill by segment	A summary of the changes in goodwill by segment for the six months ended June 28, 2020 is as follows: Consumer Display Paper and Protective Total Goodwill at December 31, 2019 $ 691,243 $ 203,414 $ 303,041 $ 231,648 $ 1,429,346 2020 Acquisitions — — 1,050 — 1,050 Foreign currency translation (6,398) — (3,138) (527) (10,063) Measurement period adjustments 2,763 — 616 — 3,379 Goodwill at June 28, 2020 $ 687,608 $ 203,414 $ 301,569 $ 231,121 $ 1,423,712
Summary of other intangible assets	A summary of other intangible assets as of June 28, 2020 and December 31, 2019 is as follows: June 28, December 31, Other Intangible Assets, gross: Patents $ 26,091 $ 26,096 Customer lists 629,363 632,036 Trade names 32,357 32,427 Proprietary technology 24,474 24,525 Other 2,790 2,297 Other Intangible Assets, gross $ 715,075 $ 717,381 Accumulated Amortization: Patents $ (12,483) $ (11,669) Customer lists (309,488) (287,831) Trade names (11,336) (9,985) Proprietary technology (19,028) (17,910) Other (1,744) (1,694) Total Accumulated Amortization $ (354,079) $ (329,089) Other Intangible Assets, net $ 360,996 $ 388,292

Debt (Table)

Debt (Table)	6 Months Ended
	Jun. 28, 2020
Debt Disclosure [Abstract]
Schedule of Debt	Details of the Company's debt at June 28, 2020 and December 31, 2019 are as follows: June 28, December 31, Commercial paper $ — $ 250,000 Wells Fargo term loan due March 2021 150,000 — U.S. Bank term loan due March 2021 100,000 — Wells Fargo term loan due May 2021 200,000 200,000 Syndicated bank term loan due July 2022 143,115 146,569 1.0% Euro loan due May 2021 167,639 167,272 9.2% debentures due August 2021 4,319 4,318 4.375% debentures due November 2021 249,582 249,428 3.125% debentures due May 2030 594,397 — 5.75% debentures due November 2040 599,261 599,244 Other foreign denominated debt 15,189 16,734 Finance lease obligations 26,760 33,077 Other notes 15,001 14,727 Total debt $ 2,265,263 $ 1,681,369 Less current portion and short-term notes 646,623 488,234 Long-term debt $ 1,618,640 $ 1,193,135

Financial Instruments and Der_2

Financial Instruments and Derivatives (Tables)	6 Months Ended
	Jun. 28, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Carrying amounts and fair values of financial instruments	The following table sets forth the carrying amounts and fair values of the Company’s significant financial instruments for which the carrying amount differs from the fair value. June 28, 2020 December 31, 2019 Carrying Fair Carrying Fair Long-term debt, net of current portion $ 1,618,640 $ 1,804,459 $ 1,193,135 $ 1,351,397
Net positions of foreign contracts	The net positions of these contracts at June 28, 2020 were as follows (in thousands): Currency Action Quantity Colombian peso purchase 7,829,084 Mexican peso purchase 173,687 Polish zloty purchase 50,740 Czech koruna purchase 20,274 Canadian dollar purchase 10,077 British pound purchase 3,171 Turkish lira purchase 1,598 New Zealand dollar sell (1,241) Swedish krona sell (1,500) Australian dollar sell (2,624) Euro sell (15,717) Russian ruble sell (99,189)
Net positions of other derivatives contracts	The net currency positions of these contracts at June 28, 2020, were as follows (in thousands): Currency Action Quantity Indonesian rupiah purchase 18,050,048 Colombian peso purchase 8,270,325 Mexican peso purchase 326,547 Canadian dollar purchase 3,114
Location and fair values of derivative instruments	The following table sets forth the location and fair values of the Company’s derivative instruments at June 28, 2020 and December 31, 2019: Description Balance Sheet Location June 28, 2020 December 31, 2019 Derivatives designated as hedging instruments: Commodity Contracts Other assets $ 35 $ — Commodity Contracts Accrued expenses and other $ (1,758) $ (1,625) Foreign Exchange Contracts Prepaid expenses $ 62 $ 1,236 Foreign Exchange Contracts Accrued expenses and other $ (2,361) $ (178) Derivatives not designated as hedging instruments: Commodity Contracts Prepaid expenses $ 184 $ — Foreign Exchange Contracts Prepaid expenses $ 1 $ 88 Foreign Exchange Contracts Accrued expenses and other $ (164) $ (34)
Effect of derivative instruments on financial performance	The following tables set forth the effect of the Company’s derivative instruments on financial performance for the three months ended June 28, 2020 and June 30, 2019: Description Amount of Gain or Location of Gain Amount of Gain or Derivatives in Cash Flow Hedging Relationships: Three months ended June 28, 2020 Foreign Exchange Contracts $ (97) Net sales $ (3,384) Cost of sales $ 2,050 Commodity Contracts $ 1,709 Cost of sales $ 525 Three months ended June 30, 2019 Foreign Exchange Contracts $ 928 Net sales $ 532 Cost of sales $ (378) Commodity Contracts $ (1,756) Cost of sales $ (319) Description Gain or (Loss) Location of Gain or (Loss) Recognized in Derivatives not Designated as Hedging Instruments: Three months ended June 28, 2020 Commodity Contracts $ 184 Cost of sales Foreign Exchange Contracts $ 866 Selling, general and administrative Three months ended June 30, 2019 Commodity Contracts $ — Cost of sales Foreign Exchange Contracts $ 893 Selling, general and administrative Three months ended June 28, 2020 Three months ended June 30, 2019 Description Revenue Cost of Revenue Cost of Total amount of income and expense line items presented in the Condensed Consolidated Statements of Income $ (3,384) $ 2,575 $ 532 $ (697) The effects of cash flow hedging: Gain or (loss) on cash flow hedging relationships: Foreign exchange contracts: Amount of gain or (loss) reclassified from accumulated other comprehensive income into net income $ (3,384) $ 2,050 $ 532 $ (378) Commodity contracts: Amount of gain or (loss) reclassified from accumulated other comprehensive income into net income $ — $ 525 $ — $ (319) The following tables set forth the effect of the Company’s derivative instruments on financial performance for the six months ended June 28, 2020 and June 30, 2019: Description Amount of Gain or Location of Gain Amount of Gain or Derivatives in Cash Flow Hedging Relationships: Six months ended June 28, 2020 Foreign Exchange Contracts $ (5,075) Net sales $ (4,522) Cost of sales $ 2,877 Commodity Contracts $ (646) Cost of sales $ (554) Six months ended June 30, 2019 Foreign Exchange Contracts $ 2,858 Net sales $ 849 Cost of sales $ (666) Commodity Contracts $ (664) Cost of sales $ 116 Description Gain or (Loss) Location of Gain or (Loss) Recognized in Derivatives not Designated as Hedging Instruments: Six months ended June 28, 2020 Commodity Contracts $ 184 Cost of sales Foreign Exchange Contracts $ (4,051) Selling, general and administrative Six months ended June 30, 2019 Commodity Contracts $ — Cost of sales Foreign Exchange Contracts $ (571) Selling, general and administrative Six months ended June 28, 2020 Six months ended June 30, 2019 Description Revenue Cost of Revenue Cost of Total amount of income and expense line items presented in the Condensed Consolidated Statements of Income $ (4,522) $ 2,324 $ 849 $ (550) Gain or (loss) on cash flow hedging relationships: Foreign exchange contracts: Amount of gain or (loss) reclassified from accumulated other comprehensive income into net income $ (4,522) $ 2,877 $ 849 $ (666) Commodity contracts: Amount of gain or (loss) reclassified from accumulated other comprehensive income into net income $ — $ (554) $ — $ 116

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 28, 2020
Fair Value Disclosures [Abstract]
Assets and liabilities measured on recurring basis	The following table sets forth information regarding the Company’s financial assets and financial liabilities, excluding retirement and postretirement plan assets, measured at fair value on a recurring basis: Description June 28, 2020 Assets measured Level 1 Level 2 Level 3 Hedge derivatives, net: Commodity contracts $ (1,722) $ — $ — $ (1,722) $ — Foreign exchange contracts $ (2,299) $ — $ — $ (2,299) $ — Non-hedge derivatives, net: Commodity contracts 185 — — $ 185 — Foreign exchange contracts $ (164) $ — $ — $ (164) $ — Description December 31, 2019 Assets measured Level 1 Level 2 Level 3 Hedge derivatives, net: Commodity contracts $ (1,625) $ — $ — $ (1,625) $ — Foreign exchange contracts $ 1,058 $ — $ — $ 1,058 $ — Non-hedge derivatives, net: Foreign exchange contracts $ 54 $ — $ — $ 54 $ —

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 28, 2020
Retirement Benefits [Abstract]
Components of net periodic benefit cost	The components of net periodic benefit cost include the following: Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Retirement Plans Service cost $ 1,003 $ 962 $ 2,085 $ 1,903 Interest cost 12,549 15,100 25,230 30,043 Expected return on plan assets (12,227) (19,232) (24,807) (38,329) Amortization of prior service cost 247 216 497 430 Amortization of net actuarial loss 7,258 9,646 14,134 18,680 Effect of curtailment loss 31 — 31 — Effect of settlement loss 38 225 661 1,547 Net periodic benefit cost $ 8,899 $ 6,917 $ 17,831 $ 14,274 Retiree Health and Life Insurance Plans Service cost $ 93 $ 78 $ 176 $ 152 Interest cost 81 113 165 231 Expected return on plan assets (93) (179) (183) (356) Amortization of prior service credit (69) (124) (137) (247) Amortization of net actuarial gain (215) (215) (412) (408) Net periodic benefit income $ (203) $ (327) $ (391) $ (628)

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 28, 2020
Leases [Abstract]
Balance sheet location and values of Company's lease assets and lease liabilities	The following table sets forth the balance sheet location and values of the Company’s lease assets and lease liabilities at June 28, 2020 and December 31, 2019: Classification Balance Sheet Location June 28, 2020 December 31, 2019 Lease Assets Operating lease assets Right of Use Asset - Operating Leases $ 294,050 $ 298,393 Finance lease assets Other Assets 28,719 34,858 Total lease assets $ 322,769 $ 333,251 Lease Liabilities Current operating lease liabilities Accrued expenses and other $ 53,563 $ 54,048 Current finance lease liabilities Notes payable and current portion of debt 2,897 10,803 Total current lease liabilities $ 56,460 $ 64,851 Noncurrent operating lease liabilities Noncurrent Operating Lease Liabilities $ 249,217 $ 253,992 Noncurrent finance lease liabilities Long-term Debt, Net of Current Portion 23,863 22,274 Total noncurrent lease liabilities $ 273,080 $ 276,266 Total lease liabilities $ 329,540 $ 341,117
Components of Company's total lease costs and other lease related information	The following table sets forth the components of the Company's total lease cost for the three- and six-month periods ended June 28, 2020 and June 30, 2019: Three Months Ended Six Months Ended Lease Cost June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Operating lease cost (a) $ 14,360 $ 15,771 $ 28,711 $ 31,316 Finance lease cost: Amortization of lease asset (a) (b) 2,391 2,053 4,938 4,122 Interest on lease liabilities (c) 238 245 463 521 Variable lease cost (a) (d) 8,576 7,791 21,861 16,969 Total lease cost $ 25,565 $ 25,860 $ 55,973 $ 52,928 (a) Production-related and administrative amounts are included in cost of sales and selling, general and administrative expenses, respectively. (b) Included in depreciation and amortization. (c) Included in interest expense. (d) Also includes short term lease costs, which are deemed immaterial .
Schedule of Weighted Average Remaining Lease Terms, Discounts Rates and Other Lease Information	The following table sets forth certain lease-related information for the six months ended June 28, 2020 and June 30, 2019: Six Months Ended June 28, 2020 Six Months Ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used by operating leases $ 29,309 $ 31,482 Operating cash flows used by finance leases $ 463 $ 521 Financing cash flows used by finance leases $ 5,389 $ 4,575 Leased assets obtained in exchange for new operating lease liabilities $ 25,896 $ 8,820 Leased assets obtained in exchange for new finance lease liabilities $ 8,237 $ 104

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 28, 2020
Revenue from Contract with Customer [Abstract]
Receivables, contracts assets and liabilities from contracts with customers	The following table sets forth information about receivables, contract assets, and liabilities from contracts with customers. Contract assets and liabilities are reported in "Other receivables" and "Accrued expenses and other," respectively, on the Company's Condensed Consolidated Balance Sheets. June 28, 2020 December 31, 2019 Contract Assets $ 62,289 $ 56,364 Contract Liabilities $ (16,435) $ (17,047) Significant changes in the contract assets and liabilities balances during the period were as follows: June 28, 2020 December 31, 2019 Contract Contract Contract Contract Beginning Balance $ 56,364 $ (17,047) $ 48,786 $ (18,533) Revenue deferred or rebates accrued — (15,102) — (29,062) Recognized as revenue 3,893 8,473 Rebates paid to customers — 11,821 — 22,075 Increases due to rights to consideration for customer specific goods produced, but not billed during the period 62,289 — 51,797 — Transferred to receivables from contract assets recognized at the beginning of the period (56,364) — (48,786) — Acquired as part of a business combination — — 4,567 — Ending Balance $ 62,289 $ (16,435) $ 56,364 $ (17,047)
Disaggregation of revenue	The following tables set forth information about revenue disaggregated by primary geographic regions, and timing of revenue recognition for the three-month periods ended June 28, 2020 and June 30, 2019. The tables also include a reconciliation of disaggregated revenue with reportable segments. Three months ended June 28, 2020 Consumer Display and Paper and Protective Total Primary Geographical Markets: United States $ 448,546 $ 47,804 $ 259,178 $ 73,777 $ 829,305 Europe 102,327 59,499 75,279 5,411 242,516 Canada 26,732 — 20,995 — 47,727 Asia 17,745 — 52,799 186 70,730 Other 19,271 — 26,201 9,735 55,207 Total $ 614,621 $ 107,303 $ 434,452 $ 89,109 $ 1,245,485 Three months ended June 30, 2019 Consumer Packaging Display and Paper and Protective Total Primary Geographical Markets: United States $ 436,896 $ 62,097 $ 268,890 $ 104,058 $ 871,941 Europe 99,007 71,564 87,958 5,595 264,124 Canada 28,839 — 29,903 — 58,742 Asia 17,445 — 69,588 516 87,549 Other 20,563 1,172 34,989 20,641 77,365 Total $ 602,750 $ 134,833 $ 491,328 $ 130,810 $ 1,359,721 The following tables set forth information about revenue disaggregated by primary geographic regions for the six-month periods ended June 28, 2020 and June 30, 2019. The tables also include a reconciliation of disaggregated revenue with reportable segments. Six months ended June 28, 2020 Consumer Display and Paper and Protective Total Primary Geographical Markets: United States $ 870,025 $ 103,513 $ 536,000 $ 170,265 $ 1,679,803 Europe 205,350 125,146 158,819 10,695 500,010 Canada 52,577 — 46,572 — 99,149 Asia 34,283 — 108,583 388 143,254 Other 40,803 — 59,448 26,314 126,565 Total $ 1,203,038 $ 228,659 $ 909,422 $ 207,662 $ 2,548,781 Six months ended June 30, 2019 Consumer Packaging Display and Paper and Protective Total Primary Geographical Markets: United States $ 853,296 $ 127,659 $ 537,456 $ 205,236 $ 1,723,647 Europe 207,219 141,807 178,663 11,462 539,151 Canada 56,139 — 62,736 — 118,875 Asia 33,358 — 138,648 1,436 173,442 Other 42,454 2,921 69,862 41,074 156,311 Total $ 1,192,466 $ 272,387 $ 987,365 $ 259,208 $ 2,711,426

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 28, 2020
Segment Reporting [Abstract]
Segment financial information	SEGMENT FINANCIAL INFORMATION Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Net sales: Consumer Packaging $ 614,621 $ 602,750 $ 1,203,038 $ 1,192,466 Display and Packaging 107,303 134,833 228,659 272,387 Paper and Industrial Converted Products 434,452 491,328 909,422 987,365 Protective Solutions 89,109 130,810 207,662 259,208 Consolidated $ 1,245,485 $ 1,359,721 $ 2,548,781 $ 2,711,426 Intersegment sales: Consumer Packaging $ 2,451 $ 1,122 $ 4,724 $ 2,043 Display and Packaging 1,169 1,114 2,467 2,281 Paper and Industrial Converted Products 27,848 31,535 57,060 65,189 Protective Solutions 331 363 703 825 Consolidated $ 31,799 $ 34,134 $ 64,954 $ 70,338 Operating profit: Segment operating profit: Consumer Packaging $ 86,129 $ 62,942 $ 153,930 $ 125,057 Display and Packaging 5,981 5,889 14,075 12,343 Paper and Industrial Converted 29,964 61,229 83,977 109,616 Protective Solutions 4,482 14,275 18,486 25,279 Restructuring/Asset impairment charges (22,885) (13,355) (35,484) (24,027) Other, net 56 (1,212) (1,154) (1,612) Consolidated $ 103,727 $ 129,768 $ 233,830 $ 246,656

New Accounting Pronouncements -

New Accounting Pronouncements - Additional Information (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Jun. 28, 2020	Mar. 29, 2020	Dec. 31, 2019		Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Cumulative-effect adjustment		$ 1,807,704	$ 1,755,441	$ 1,815,705	[1]	$ 1,853,620	$ 1,801,139	$ 1,772,278
Deferred income tax liabilities		(95,962)		(76,206)	[1]
Impact of new accounting pronouncements
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment				(209)				(6,771)
Accounting Standards Update 2016-13 | Impact of new accounting pronouncements
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for doubtful accounts	$ 279
Deferred income tax liabilities	70
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment		$ 2,350,189	$ 2,338,429	2,301,532		$ 2,251,279	$ 2,213,473	2,188,115
Retained Earnings | Impact of new accounting pronouncements
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment				$ (209)				$ (6,771)
Retained Earnings | Accounting Standards Update 2016-13 | Impact of new accounting pronouncements
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment	$ (209)
[1]	The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) $ in Thousands	Jan. 10, 2020USD ($)	May 31, 2020USD ($)	Apr. 30, 2020USD ($)	Jun. 28, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 28, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Apr. 12, 2018USD ($)installment_payment
Business Acquisition [Line Items]
Consideration paid, net of cash acquired						$ 3,787	$ 455
Payment of contingent consideration						2,500	5,000
Acquisition related costs				$ 357	$ 1,224	$ 1,528	$ 1,624
Jacksonville
Business Acquisition [Line Items]
Consideration paid, net of cash acquired	$ 3,973
Highland
Business Acquisition [Line Items]
Contingent purchase liability									$ 7,500
Number of annual installments | installment_payment									2
Payment of contingent consideration		$ 2,500						$ 5,000
TEQ
Business Acquisition [Line Items]
Cash proceeds received after post-closing settlement for change in working capital			$ 185

Acquisitions - Preliminary Fair

Acquisitions - Preliminary Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Jan. 10, 2020	Dec. 31, 2019	[1]
Business Acquisition [Line Items]
Goodwill	$ 1,423,712		$ 1,429,346
Jacksonville
Business Acquisition [Line Items]
Property, plant and equipment		$ 2,773
Inventories		150
Goodwill		1,050
Net Assets		$ 3,973
[1]	The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

Acquisitions - Schedule of Meas

Acquisitions - Schedule of Measurement Period Adjustments (Details) $ in Thousands	6 Months Ended
	Jun. 28, 2020USD ($)
Business Acquisition [Line Items]
Goodwill	$ 3,379
TEQ
Business Acquisition [Line Items]
Trade accounts receivable	(41)
Inventories	(241)
Property, plant and equipment	(2,020)
Goodwill	2,763
Other intangible assets	600
Payable to suppliers	0
Other net tangible assets/liabilities	(701)
Deferred income taxes, net	(545)
Decrease in consideration paid	(185)
Corenso
Business Acquisition [Line Items]
Trade accounts receivable	0
Inventories	(536)
Property, plant and equipment	0
Goodwill	616
Other intangible assets	0
Payable to suppliers	(80)
Other net tangible assets/liabilities	0
Deferred income taxes, net	0
Decrease in consideration paid	$ 0

Shareholders' Equity - Earnings

Shareholders' Equity - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Jun. 10, 2020	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Numerator:
Net income attributable to Sonoco		$ 55,211	$ 81,159	$ 135,656	$ 154,822
Denominator:
Basic (in shares)		100,971	100,759	100,915	100,700
Dilutive effect of stock-based compensation (in shares)		138	419	194	429
Diluted (in shares)		101,109	101,178	101,109	101,129
Net income attributable to Sonoco per common share:
Basic (in usd per share)		$ 0.55	$ 0.81	$ 1.34	$ 1.54
Diluted (in usd per share)		0.55	0.80	1.34	1.53
Cash dividends (in usd per share)	$ 0.43	$ 0.43	$ 0.43	$ 0.86	$ 0.84

Shareholders' Equity - Antidilu

Shareholders' Equity - Antidilutive Securities (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Equity [Abstract]
Anti-dilutive stock appreciation rights (in shares)	1,191	537	890	421

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 15, 2020	Jun. 10, 2020	Apr. 15, 2020	Jun. 28, 2020	Mar. 29, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 28, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Feb. 10, 2016
Class of Stock [Line Items]
Number of shares authorized for repurchase (in shares)														5,000,000
Number of shares repurchased (in shares)								0		0	0	0	2,030,000
Number of shares available for repurchase (in shares)				2,970,000				2,970,000
Cost of shares repurchased				$ 12	$ 3,938	$ 1,155	$ 7,395
Dividend declared and payable (in usd per share)			$ 0.43
Dividends paid (in usd per share)		$ 0.43		$ 0.43		$ 0.43		$ 0.86	$ 0.84
Subsequent Event
Class of Stock [Line Items]
Dividend declared and payable (in usd per share)	$ 0.43
Tax Withholding Obligations
Class of Stock [Line Items]
Number of shares repurchased (in shares)								66,000	151,000
Cost of shares repurchased								$ 3,950	$ 8,550

Restructuring and Asset Impai_3

Restructuring and Asset Impairment - Restructuring and Restructuring-related Asset Impairment Expenses by Type Incurred and by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Total Restructuring/Asset Impairment Charges	$ 22,885	$ 13,355	$ 35,484	$ 24,027
Severance and Termination Benefits
Restructuring Cost and Reserve [Line Items]
Total Restructuring/Asset Impairment Charges	15,159	5,199	25,259	11,499
Severance and Termination Benefits | Operating Segments | Consumer Packaging
Restructuring Cost and Reserve [Line Items]
Total Restructuring/Asset Impairment Charges	3,250	10,487	5,612	17,742
Severance and Termination Benefits | Operating Segments | Display and Packaging
Restructuring Cost and Reserve [Line Items]
Total Restructuring/Asset Impairment Charges	668	511	3,548	886
Severance and Termination Benefits | Operating Segments | Paper and Industrial Converted Products
Restructuring Cost and Reserve [Line Items]
Total Restructuring/Asset Impairment Charges	17,689	1,600	23,045	2,474
Severance and Termination Benefits | Operating Segments | Protective Solutions
Restructuring Cost and Reserve [Line Items]
Total Restructuring/Asset Impairment Charges	695	561	1,168	1,003
Asset Impairment/ Disposal of Assets
Restructuring Cost and Reserve [Line Items]
Total Restructuring/Asset Impairment Charges	6,073	5,652	8,759	7,284
Other Costs
Restructuring Cost and Reserve [Line Items]
Total Restructuring/Asset Impairment Charges	1,653	2,504	1,466	5,244
Other Costs | Corporate
Restructuring Cost and Reserve [Line Items]
Total Restructuring/Asset Impairment Charges	$ 583	$ 196	$ 2,111	$ 1,922

Restructuring and Asset Impai_4

Restructuring and Asset Impairment - Restructuring Accrual Activity (Details) $ in Thousands	6 Months Ended
	Jun. 28, 2020USD ($)
Restructuring Reserve [Roll Forward]
Liability at December 31, 2019	$ 11,357
2020 charges	35,484
Cash receipts/(payments)	(19,014)
Asset write downs/disposals	(8,338)
Foreign currency translation	(94)
Liability at June 28, 2020	19,395
Severance and Termination Benefits
Restructuring Reserve [Roll Forward]
Liability at December 31, 2019	10,765
2020 charges	25,259
Cash receipts/(payments)	(17,431)
Asset write downs/disposals	0
Foreign currency translation	(89)
Liability at June 28, 2020	18,504
Asset Impairment/ Disposal of Assets
Restructuring Reserve [Roll Forward]
Liability at December 31, 2019	0
2020 charges	8,759
Cash receipts/(payments)	722
Asset write downs/disposals	(9,481)
Foreign currency translation
Liability at June 28, 2020	0
Other Costs
Restructuring Reserve [Roll Forward]
Liability at December 31, 2019	592
2020 charges	1,466
Cash receipts/(payments)	(2,305)
Asset write downs/disposals	1,143
Foreign currency translation	(5)
Liability at June 28, 2020	$ 891

Restructuring and Asset Impai_5

Restructuring and Asset Impairment - Additional Information (Details) $ in Thousands	6 Months Ended
	Jun. 28, 2020USD ($)positionfacility	Dec. 31, 2019USD ($)	[1]
Restructuring Cost and Reserve [Line Items]
Number of closed facilities | facility	2
Asset impairment/disposal of assets	$ 35,484
Net book value of fixed assets sold	1,235,505	$ 1,286,842
Future additional charges expected to be recognized	$ 2,700
Organizational effectiveness efforts
Restructuring Cost and Reserve [Line Items]
Number of eliminated positions (position) | position	150
Facility closure | Canada
Restructuring Cost and Reserve [Line Items]
Asset impairment/disposal of assets	$ 5,726
Facility closure | South Carolina
Restructuring Cost and Reserve [Line Items]
Asset impairment/disposal of assets	2,300
Proceeds from sale of building	722
Sale of Fixed Assets and Inventory | South Carolina | Facility
Restructuring Cost and Reserve [Line Items]
Net book value of fixed assets sold	$ 490
[1]	The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020		Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 1,755,441	$ 1,801,139	$ 1,815,705	[1]	$ 1,772,278
Other comprehensive (loss)/income	39,110	11,071	(54,877)		17,119
Ending Balance	1,807,704	1,853,620	1,807,704		1,853,620
Foreign Currency Items
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			(241,994)		(251,102)
Other comprehensive income/(loss) before reclassifications			(60,121)		6,721
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax			0
Other comprehensive (loss)/income			(60,121)		6,721
Ending Balance	(302,115)	(244,381)	(302,115)		(244,381)
Foreign Currency Items | Fixed Assets
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax					0
Foreign Currency Items | Net Income
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax					0
Defined Benefit Pension Items
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			(574,413)		(487,380)
Other comprehensive income/(loss) before reclassifications			(862)		(5,939)
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax			11,058
Other comprehensive (loss)/income			10,196		8,963
Ending Balance	(564,217)	(478,417)	(564,217)		(478,417)
Defined Benefit Pension Items | Fixed Assets
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax					0
Defined Benefit Pension Items | Net Income
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax					14,902
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance			(396)		(2,431)
Other comprehensive income/(loss) before reclassifications			(4,402)		1,726
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax			1,677
Other comprehensive (loss)/income			(2,725)		1,383
Ending Balance	(3,121)	(1,048)	(3,121)		(1,048)
Cash Flow Hedges | Fixed Assets
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax					(101)
Cash Flow Hedges | Net Income
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax					(242)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(909,153)	(734,745)	(816,803)		(740,913)
Other comprehensive income/(loss) before reclassifications			(65,385)		2,508
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax			12,735
Other comprehensive (loss)/income			(52,650)		17,067
Ending Balance	$ (869,453)	$ (723,846)	$ (869,453)		(723,846)
Accumulated Other Comprehensive Loss | Fixed Assets
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax					(101)
Accumulated Other Comprehensive Loss | Net Income
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax					$ 14,660
[1]	The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Effects on Net Income of Significant Amounts Reclassified from Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 28, 2020	Mar. 29, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 28, 2020	Jun. 30, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	$ 1,245,485		$ 1,359,721		$ 2,548,781	$ 2,711,426
Cost of sales	(997,502)		(1,084,385)		(2,034,208)	(2,165,969)
Income before income taxes	77,442		108,266		183,921	203,728
Provision for income taxes	(23,230)		(28,491)		(49,986)	(51,115)
Net income	54,990	$ 80,236	81,286	$ 73,768	135,226	155,054
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	(3,384)		532		(4,522)	849
Cost of sales	2,575		(697)		2,324	(550)
Net income	(6,087)		(7,344)		(12,735)	(14,660)
Reclassification out of Accumulated Other Comprehensive Income | Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	(809)		(165)		(2,199)	299
Provision for income taxes	197		59		522	(57)
Net income	(612)		(106)		(1,677)	242
Reclassification out of Accumulated Other Comprehensive Income | Defined Benefit Pension Items
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	(7,290)		(9,748)		(14,774)	(20,002)
Provision for income taxes	1,815		2,510		3,716	5,100
Net income	(5,475)		(7,238)		(11,058)	(14,902)
Reclassification out of Accumulated Other Comprehensive Income | Effect of curtailment loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-operating pension costs			0		(31)	0
Reclassification out of Accumulated Other Comprehensive Income | Effect of settlement loss
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-operating pension costs	(38)		(225)		(661)	(1,547)
Reclassification out of Accumulated Other Comprehensive Income | Amortization of defined benefit pension items
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Non-operating pension costs	(7,221)		(9,523)		(14,082)	(18,455)
Reclassification out of Accumulated Other Comprehensive Income | Foreign exchange contracts | Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	(3,384)		532		(4,522)	849
Cost of sales	2,050		(378)		2,877	(666)
Reclassification out of Accumulated Other Comprehensive Income | Commodity contracts | Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	0		0		0	0
Cost of sales	$ 525		$ (319)		$ (554)	$ 116

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss - Before and After Tax Amounts for Comprehensive Income (Loss) Components (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 28, 2020	Mar. 29, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 28, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income/(loss)	$ 39,110	$ (93,987)	$ 11,071	$ 6,048
Foreign Currency Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income/(loss) before tax	33,454		9,573		$ (52,540)	$ 6,721
Other comprehensive income/(loss), tax	0		0		(7,581)	0
Other comprehensive income/(loss)	33,454		9,573		(60,121)	6,721
Defined benefit pension items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income/(loss) before reclassifications before tax	(1,410)		(6,957)		(1,146)	(7,638)
Other comprehensive income/(loss) before reclassifications, tax	351		1,526		284	1,699
Other comprehensive income/(loss) before reclassifications, net of tax	(1,059)		(5,431)		(862)	(5,939)
Amounts reclassified from accumulated other comprehensive income/(loss) before tax					14,774	20,002
Amounts reclassified from accumulated other comprehensive income/(loss), tax					(3,716)	(5,100)
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax					11,058	14,902
Other comprehensive income/(loss) before tax	5,880		2,791		13,628	12,364
Other comprehensive income/(loss), tax	(1,464)		(984)		(3,432)	(3,401)
Other comprehensive income/(loss)	4,416		1,807		10,196	8,963
Defined benefit pension items | Net Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income/(loss) before tax	7,290		9,748
Amounts reclassified from accumulated other comprehensive income/(loss), tax	(1,815)		(2,510)
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax	5,475		7,238
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income/(loss) before reclassifications before tax	1,612		(828)		(5,721)	2,193
Other comprehensive income/(loss) before reclassifications, tax	(394)		297		1,319	(467)
Other comprehensive income/(loss) before reclassifications, net of tax	1,218		(531)		(4,402)	1,726
Other comprehensive income/(loss) before tax	2,421		(719)		(3,522)	1,793
Other comprehensive income/(loss), tax	(591)		238		797	(410)
Other comprehensive income/(loss)	1,830		(481)		(2,725)	1,383
Cash Flow Hedges | Fixed Assets
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income/(loss) before tax	0		(56)		0	(101)
Amounts reclassified from accumulated other comprehensive income/(loss), tax	0		0		0	0
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax	0		(56)		0	(101)
Cash Flow Hedges | Net Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income/(loss) before tax	809		165		2,199	(299)
Amounts reclassified from accumulated other comprehensive income/(loss), tax	(197)		(59)		(522)	57
Amounts reclassified from accumulated other comprehensive income/(loss) net of tax	612		106		1,677	(242)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income/(loss) before tax	41,755		11,645		(42,434)	20,878
Other comprehensive income/(loss), tax	(2,055)		(746)		(10,216)	(3,811)
Other comprehensive income/(loss)	$ 39,700	$ (92,350)	$ 10,899	$ 6,168	$ (52,650)	$ 17,067

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Changes in Goodwill by Segment (Details) $ in Thousands	6 Months Ended
	Jun. 28, 2020USD ($)
Goodwill [Roll Forward]
Goodwill at December 31, 2019	$ 1,429,346	[1]
2020 Acquisitions	1,050
Foreign currency translation	(10,063)
Measurement period adjustments	3,379
Goodwill at June 28, 2020	1,423,712
Consumer Packaging
Goodwill [Roll Forward]
Goodwill at December 31, 2019	691,243
2020 Acquisitions	0
Foreign currency translation	(6,398)
Measurement period adjustments	2,763
Goodwill at June 28, 2020	687,608
Display and Packaging
Goodwill [Roll Forward]
Goodwill at December 31, 2019	203,414
2020 Acquisitions	0
Foreign currency translation	0
Measurement period adjustments	0
Goodwill at June 28, 2020	203,414
Paper and Industrial Converted Products
Goodwill [Roll Forward]
Goodwill at December 31, 2019	303,041
2020 Acquisitions	1,050
Foreign currency translation	(3,138)
Measurement period adjustments	616
Goodwill at June 28, 2020	301,569
Protective Solutions
Goodwill [Roll Forward]
Goodwill at December 31, 2019	231,648
2020 Acquisitions	0
Foreign currency translation	(527)
Measurement period adjustments	0
Goodwill at June 28, 2020	$ 231,121
[1]	The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 28, 2020	Mar. 29, 2020	Sep. 29, 2019	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019	Jan. 10, 2020	Dec. 31, 2019	[1]	Oct. 01, 2018	Sep. 30, 2018
Goodwill [Line Items]
Goodwill recorded upon completion of acquisition					$ 1,050,000
Measurement period adjustments					3,379,000
Goodwill, impairment loss			$ 0
Goodwill	$ 1,423,712,000				1,423,712,000			$ 1,429,346,000
Indefinite-lived intangible assets	0				0
Aggregate amortization expense	13,359,000			$ 13,098,000	26,631,000	$ 25,890,000
Amortization expense on other intangible assets in 2020	53,000,000				53,000,000
Amortization expense on other intangible assets in 2021	51,600,000				51,600,000
Amortization expense on other intangible assets in 2022	48,700,000				48,700,000
Amortization expense on other intangible assets in 2023	41,000,000				41,000,000
Amortization expense on other intangible assets in 2024	29,300,000				$ 29,300,000
Proprietary technology
Goodwill [Line Items]
Payments to acquire proprietary technology		$ 500,000
Useful lives of intangible asset		12 years
Other | Minimum
Goodwill [Line Items]
Useful lives of intangible asset					3 years
Other | Maximum
Goodwill [Line Items]
Useful lives of intangible asset					40 years
Display and Packaging Reporting Unit
Goodwill [Line Items]
Goodwill	203,414,000				$ 203,414,000
Excess of fair value of reporting unit over carrying value (percent)			35.00%
Projected decrease in operating profit for estimated fair value to fall below carrying value (percent)			(27.00%)
Display and Packaging Reporting Unit | Discount Rate
Goodwill [Line Items]
Discount rate (percent)			8.90%
Change necessary in order for estimated fair value to fall below carrying value (percent)			12.50%
Conitex Reporting Unit
Goodwill [Line Items]
Goodwill	$ 32,151,000				32,151,000
Jacksonville
Goodwill [Line Items]
Goodwill recorded upon completion of acquisition					1,050,000
Goodwill							$ 1,050,000
Corenso
Goodwill [Line Items]
Measurement period adjustments					616,000
Increase in amortizable intangibles					0
TEQ
Goodwill [Line Items]
Measurement period adjustments					2,763,000
Increase in amortizable intangibles					600,000
TEQ | Customer lists
Goodwill [Line Items]
Increase in amortizable intangibles					$ 600,000
Conitex
Goodwill [Line Items]
Interest held in acquiree before subsequent acquisition (percent)											30.00%
Additional interest acquired										70.00%
[1]	The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Summary of Other Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 31, 2019
Other Intangible Assets, gross:
Other Intangible Assets, gross	$ 715,075	$ 717,381
Total Accumulated Amortization	(354,079)	(329,089)
Other Intangible Assets, net	360,996	388,292	[1]
Patents
Other Intangible Assets, gross:
Other Intangible Assets, gross	26,091	26,096
Total Accumulated Amortization	(12,483)	(11,669)
Customer lists
Other Intangible Assets, gross:
Other Intangible Assets, gross	629,363	632,036
Total Accumulated Amortization	(309,488)	(287,831)
Trade names
Other Intangible Assets, gross:
Other Intangible Assets, gross	32,357	32,427
Total Accumulated Amortization	(11,336)	(9,985)
Proprietary technology
Other Intangible Assets, gross:
Other Intangible Assets, gross	24,474	24,525
Total Accumulated Amortization	(19,028)	(17,910)
Other
Other Intangible Assets, gross:
Other Intangible Assets, gross	2,790	2,297
Total Accumulated Amortization	$ (1,744)	$ (1,694)
[1]	The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 31, 2019
Line of Credit Facility [Line Items]
Finance lease obligations	$ 26,760	$ 33,077
Total debt	2,265,263	1,681,369
Less current portion and short-term notes	646,623	488,234
Long-term debt	1,618,640	1,193,135
Commercial paper
Line of Credit Facility [Line Items]
Debt	0	250,000
Wells Fargo term loan due March 2021
Line of Credit Facility [Line Items]
Debt	150,000	0
U.S. Bank term loan due March 2021
Line of Credit Facility [Line Items]
Debt	100,000	0
Wells Fargo term loan due May 2021
Line of Credit Facility [Line Items]
Debt	200,000	200,000
Syndicated bank term loan due July 2022
Line of Credit Facility [Line Items]
Debt	$ 143,115	146,569
1.0% Euro loan due May 2021
Line of Credit Facility [Line Items]
Interest rate (percent)	1.00%
Debt	$ 167,639	167,272
9.2% debentures due August 2021
Line of Credit Facility [Line Items]
Interest rate (percent)	9.20%
Debt	$ 4,319	4,318
4.375% debentures due November 2021
Line of Credit Facility [Line Items]
Interest rate (percent)	4.375%
Debt	$ 249,582	249,428
3.125% debentures due May 2030
Line of Credit Facility [Line Items]
Interest rate (percent)	3.125%
Debt	$ 594,397	0
5.75% debentures due November 2040
Line of Credit Facility [Line Items]
Interest rate (percent)	5.75%
Debt	$ 599,261	599,244
Other foreign denominated debt
Line of Credit Facility [Line Items]
Debt	15,189	16,734
Other notes
Line of Credit Facility [Line Items]
Debt	$ 15,001	$ 14,727

Debt - Narrative (Details)

Debt - Narrative (Details)	Jul. 20, 2020USD ($)	Jun. 28, 2020USD ($)	May 05, 2020USD ($)	Apr. 22, 2020USD ($)	Apr. 06, 2020USD ($)	Apr. 01, 2020USD ($)bank	Mar. 18, 2020USD ($)	May 31, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	[1]
Line of Credit Facility [Line Items]
Expected debt maturities through December 2021		$ 750,000,000
Cash and cash equivalents		857,272,000								$ 145,283,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Cash and cash equivalents		700,000,000
Committed availability under credit facilities		$ 500,000,000
Revolving Credit Facility | Wells Fargo Bank, NA
Line of Credit Facility [Line Items]
Proceeds from lines of credit						$ 250,000,000
Maximum borrowing capacity						$ 500,000,000
Number of banks in syndicate | bank						8
Repayments of credit facility			$ 250,000,000
Wells Fargo term loan due March 2021 | Term loan | Wells Fargo Bank, NA
Line of Credit Facility [Line Items]
Debt term							364 days
Debt principal							$ 150,000,000	$ 200,000,000	$ 200,000,000
Debt instrument term extension period								364 days
Wells Fargo term loan due March 2021 | Term loan | Wells Fargo Bank, NA | Subsequent Event
Line of Credit Facility [Line Items]
Repayments of term loan	$ 150,000,000
Wells Fargo term loan due March 2021 | Term loan | Wells Fargo Bank, NA | LIBOR
Line of Credit Facility [Line Items]
Basis points (percent)		1.125%
U.S. Bank term loan due March 2021 | Term loan | U.S. Bank, NA
Line of Credit Facility [Line Items]
Debt term					364 days
Debt principal					$ 100,000,000
Repayments of commercial paper						$ 85,000,000
U.S. Bank term loan due March 2021 | Term loan | U.S. Bank, NA | LIBOR
Line of Credit Facility [Line Items]
Basis points (percent)		1.25%
3.125% debentures due May 2030
Line of Credit Facility [Line Items]
Interest rate (percent)		3.125%
3.125% debentures due May 2030 | Notes
Line of Credit Facility [Line Items]
Debt principal				$ 600,000,000
Interest rate (percent)				3.125%
Proceeds from debentures issued				$ 594,200,000
[1]	The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

Financial Instruments and Der_3

Financial Instruments and Derivatives - Carrying Amount and Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 31, 2019
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net of current portion, fair value	$ 1,618,640	$ 1,193,135
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, net of current portion, fair value	$ 1,804,459	$ 1,351,397

Financial Instruments and Der_4

Financial Instruments and Derivatives - Additional Information (Details) gal in Millions, MMBTU in Millions	1 Months Ended	6 Months Ended
	Mar. 31, 2020USD ($)	Jun. 28, 2020USD ($)MMBTUTgal	Jun. 30, 2019USD ($)	Dec. 27, 2020	Jan. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Derivative [Line Items]
Fair value of commodity cash flow hedges, gain (loss)		$ (1,722,000)				$ (1,625,000)
Commodity gain (loss) expected to be reclassified to the income statement during the next 12 months		(1,189,000)
Fair value of foreign currency cash flow hedges, gain (loss)		(2,299,000)				1,058,000
Foreign currency gain (loss) expected to be reclassified to the income statement during the next 12 months		(2,296,000)
Proceeds from cross-currency swap		14,480,000	$ 0
Total fair value of other derivatives not designated as hedging instruments		$ 21,000				$ 54,000
Natural Gas Swaps
Derivative [Line Items]
Approximate amount of commodity covered by swap contracts outstanding (in MMBTUs) | MMBTU		2.3
Anticipated usage percentage covered by a swap contract for the current fiscal year (percent)		64.00%
Aluminum Swaps
Derivative [Line Items]
Anticipated usage percentage covered by a swap contract for the current fiscal year (percent)		23.00%
Anticipated usage percentage covered by a swap contract for the next fiscal year (percent)				4.00%
Approximate amount of commodity covered by swap contracts outstanding (in tons) | T		1,088
Cross-currency swap
Derivative [Line Items]
Notional amount					$ 250,000,000
Proceeds from cross-currency swap	$ 14,480,000
Tax provision on foreign currency translation gain	$ 7,581,000
Cross-currency swap | U.S. dollars
Derivative [Line Items]
Interest rate (percent)					5.75%
Cross-currency swap | Euros
Derivative [Line Items]
Interest rate (percent)					3.856%
Diesel Swaps
Derivative [Line Items]
Gallons of diesel fuel covered under contract (gallons) | gal		3.1

Financial Instruments and Der_5

Financial Instruments and Derivatives - Net Positions of Foreign Contracts (Details) - Cash Flow Hedging ₺ in Thousands, € in Thousands, £ in Thousands, zł in Thousands, kr in Thousands, Kč in Thousands, Br in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands

Jun. 28, 2020COP ($)

Jun. 28, 2020MXN ($)

Jun. 28, 2020PLN (zł)

Jun. 28, 2020CZK (Kč)

Jun. 28, 2020CAD ($)

Jun. 28, 2020GBP (£)

Jun. 28, 2020TRY (₺)

Jun. 28, 2020SEK (kr)

Jun. 28, 2020EUR (€)

Jun. 28, 2020BYR (Br)

Sep. 30, 2018NZD ($)

Sep. 30, 2018AUD ($)

purchase

Derivative [Line Items]

Net position

$ 7,829,084

$ 173,687

zł 50,740

Kč 20,274

$ 10,077

£ 3,171

₺ 1,598

sell

Derivative [Line Items]

Net position

kr 1,500

€ 15,717

Br 99,189

$ 1,241

$ 2,624

Financial Instruments and Der_6

Financial Instruments and Derivatives - Net Positions of Other Derivatives Contract (Details) - Jun. 28, 2020 - Derivatives Not Designated as Hedging Instruments Rp in Thousands, $ in Thousands, $ in Thousands, $ in Thousands	COP ($)	MXN ($)	CAD ($)	IDR (Rp)
purchase
Derivative [Line Items]
Net position	$ 8,270,325	$ 326,547	$ 3,114
sell
Derivative [Line Items]
Net position				Rp 18,050,048

Financial Instruments and Der_7

Financial Instruments and Derivatives - Location and Fair Values of Derivative Instruments (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 31, 2019
Derivatives Designated as Hedging Instruments | Commodity contracts | Other assets
Derivatives, Fair Value [Line Items]
Derivative asset	$ 35	$ 0
Derivatives Designated as Hedging Instruments | Commodity contracts | Accrued expenses and other
Derivatives, Fair Value [Line Items]
Derivative liability	(1,758)	(1,625)
Derivatives Designated as Hedging Instruments | Foreign exchange contracts | Accrued expenses and other
Derivatives, Fair Value [Line Items]
Derivative liability	(2,361)	(178)
Derivatives Designated as Hedging Instruments | Foreign exchange contracts | Prepaid expenses
Derivatives, Fair Value [Line Items]
Derivative asset	62	1,236
Derivatives Not Designated as Hedging Instruments | Commodity contracts | Prepaid expenses
Derivatives, Fair Value [Line Items]
Derivative asset	184	0
Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts | Accrued expenses and other
Derivatives, Fair Value [Line Items]
Derivative liability	(164)	(34)
Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts | Prepaid expenses
Derivatives, Fair Value [Line Items]
Derivative asset	$ 1	$ 88

Financial Instruments and Der_8

Financial Instruments and Derivatives - Effect of Derivative Instruments on Financial Performance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivatives	$ (97)	$ 928	$ (5,075)	$ 2,858
Foreign exchange contracts | Net sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from Accumulated OCI Into Income	(3,384)	532	(4,522)	849
Foreign exchange contracts | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from Accumulated OCI Into Income	2,050	(378)	2,877	(666)
Foreign exchange contracts | Selling, general and administrative | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized	866	893	(4,051)	(571)
Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Recognized in OCI on Derivatives	1,709	(1,756)	(646)	(664)
Commodity contracts | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from Accumulated OCI Into Income	525	(319)	(554)	116
Commodity contracts | Cost of sales | Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain or (Loss) Recognized	$ 184	$ 0	$ 184	$ 0

Financial Instruments and Der_9

Financial Instruments and Derivatives - Reclassification of Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Revenue	$ 1,245,485	$ 1,359,721	$ 2,548,781	$ 2,711,426
Cost of sales	(997,502)	(1,084,385)	(2,034,208)	(2,165,969)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Revenue	(3,384)	532	(4,522)	849
Cost of sales	2,575	(697)	2,324	(550)
Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Revenue	(3,384)	532	(4,522)	849
Cost of sales	2,050	(378)	2,877	(666)
Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income | Commodity contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Revenue	0	0	0	0
Cost of sales	$ 525	$ (319)	$ (554)	$ 116

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 31, 2019
Derivatives Designated as Hedging Instruments | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	$ (1,722)	$ (1,625)
Derivatives Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	(2,299)	1,058
Derivatives Not Designated as Hedging Instruments | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	185
Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	(164)	54
Assets measured at NAV | Derivatives Designated as Hedging Instruments | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Assets measured at NAV | Derivatives Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Assets measured at NAV | Derivatives Not Designated as Hedging Instruments | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0
Assets measured at NAV | Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Level 1 | Derivatives Designated as Hedging Instruments | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Level 1 | Derivatives Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Level 1 | Derivatives Not Designated as Hedging Instruments | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0
Level 1 | Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Level 2 | Derivatives Designated as Hedging Instruments | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	(1,722)	(1,625)
Level 2 | Derivatives Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	(2,299)	1,058
Level 2 | Derivatives Not Designated as Hedging Instruments | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	185
Level 2 | Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	(164)	54
Level 3 | Derivatives Designated as Hedging Instruments | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Level 3 | Derivatives Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Level 3 | Derivatives Not Designated as Hedging Instruments | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0
Level 3 | Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	$ 0	$ 0

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2019	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Defined Benefit Plan Disclosure [Line Items]
Contributions				$ 8,602,000	$ 199,006,000
Expected contributions for remainder of fiscal year		$ 8,500,000		8,500,000
Settlement losses recognized				661,000	1,547,000
Curtailment charges				31,000
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Settlement losses recognized		38,000	$ 225,000	661,000	1,547,000
Curtailment charges		31,000	0	31,000	0
Pension Plan | Sonoco Retirement Contribution
Defined Benefit Plan Disclosure [Line Items]
Contributions				22,503,000	14,573,000
Expected contributions for remainder of fiscal year		0		0
Recognized expense related to the plan		5,716,000	$ 5,830,000	11,694,000	$ 12,097,000
Pension Plan | Sonoco Pension Plan for Inactive Participants
Defined Benefit Plan Disclosure [Line Items]
Estimated reduction of tax payments		38,000,000		38,000,000
Additional contributions anticipated to be made next year		150,000,000		150,000,000
Non-cash settlement charges expected to be incurred next year		$ 590,000,000		$ 590,000,000
Pension Plan | United States
Defined Benefit Plan Disclosure [Line Items]
Contributions	$ 190,000,000
Pension Plan | United States | Sonoco Retirement Contribution
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution, percent of employees' gross pay (percent)				4.00%
Employer matching contribution, percent of employees' gross pay in excess of social security (percent)				4.00%

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Defined Benefit Plan Disclosure [Line Items]
Effect of curtailment loss			$ 31
Effect of settlement loss			661	$ 1,547
Retirement Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1,003	$ 962	2,085	1,903
Interest cost	12,549	15,100	25,230	30,043
Expected return on plan assets	(12,227)	(19,232)	(24,807)	(38,329)
Amortization of prior service cost	247	216	497	430
Amortization of net actuarial loss	7,258	9,646	14,134	18,680
Effect of curtailment loss	31	0	31	0
Effect of settlement loss	38	225	661	1,547
Net periodic benefit cost (income)	8,899	6,917	17,831	14,274
Retiree Health and Life Insurance Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	93	78	176	152
Interest cost	81	113	165	231
Expected return on plan assets	(93)	(179)	(183)	(356)
Amortization of prior service cost	(69)	(124)	(137)	(247)
Amortization of net actuarial loss	(215)	(215)	(412)	(408)
Net periodic benefit cost (income)	$ (203)	$ (327)	$ (391)	$ (628)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Income Tax Contingency [Line Items]
Effective tax rate	30.00%	26.30%	27.20%	25.10%
Increase of uncertain tax benefits			$ 700
Possible decrease in reserve for unrecognized tax benefits	$ 7,000		$ 7,000
Internal Revenue Service (IRS)
Income Tax Contingency [Line Items]
Tax examination, possible loss	$ 6,000

Leases - Additional Information

Leases - Additional Information (Details)	6 Months Ended
	Jun. 28, 2020
Lessee, Lease, Description [Line Items]
Lease term	10 years
Minimum
Lessee, Lease, Description [Line Items]
Lease renewal terms	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease renewal terms	50 years

Leases - Balance Sheet Location

Leases - Balance Sheet Location and Values of Lease Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease assets	$ 294,050	$ 298,393	[1]
Finance lease assets	28,719	34,858
Total lease assets	322,769	333,251
Current operating lease liabilities	53,563	54,048
Current finance lease liabilities	2,897	10,803
Total current lease liabilities	56,460	64,851
Noncurrent operating lease liabilities	249,217	253,992	[1]
Noncurrent finance lease liabilities	23,863	22,274
Total noncurrent lease liabilities	273,080	276,266
Total lease liabilities	$ 329,540	$ 341,117
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:AccountsPayableAndAccruedLiabilitiesCurrent
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:DebtCurrent
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:LongTermDebtNoncurrent
[1]	The year-end condensed consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.

Leases - Components of Company'

Leases - Components of Company's Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 14,360	$ 15,771	$ 28,711	$ 31,316
Amortization of lease asset	2,391	2,053	4,938	4,122
Interest on lease liabilities	238	245	463	521
Variable lease cost	8,576	7,791	21,861	16,969
Total lease cost	$ 25,565	$ 25,860	$ 55,973	$ 52,928

Leases - Other Lease Related In

Leases - Other Lease Related Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used by operating leases	$ 29,309	$ 31,482
Operating cash flows used by finance leases	463	521
Financing cash flows used by finance leases	5,389	4,575
Leased assets obtained in exchange for new operating lease liabilities	25,896	8,820
Leased assets obtained in exchange for new finance lease liabilities	$ 8,237	$ 104

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details)	6 Months Ended
	Jun. 28, 2020
Revenue from Contract with Customer [Abstract]
Payment terms	120 days

Revenue Recognition - Receivabl

Revenue Recognition - Receivables, Contract Assets and Liabilities from Contracts with Customer (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Contract Assets	$ 62,289	$ 56,364	$ 48,786
Contract Liabilities	$ (16,435)	$ (17,047)	$ (18,533)

Revenue Recognition - Significa

Revenue Recognition - Significant Changes in the Contract Assets and Liabilities Balances (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 28, 2020	Dec. 31, 2019
Contract Asset
Beginning Balance	$ 56,364	$ 48,786
Increases due to rights to consideration for customer specific goods produced, but not billed during the period	62,289	51,797
Transferred to receivables from contract assets recognized at the beginning of the period	(56,364)	(48,786)
Acquired as part of a business combination	0	4,567
Ending Balance	62,289	56,364
Contract Liability
Beginning Balance	(17,047)	(18,533)
Revenue deferred or rebates accrued	(15,102)	(29,062)
Recognized as revenue	3,893	8,473
Rebates paid to customers	11,821	22,075
Ending Balance	$ (16,435)	$ (17,047)

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 1,245,485	$ 1,359,721	$ 2,548,781	$ 2,711,426
United States
Disaggregation of Revenue [Line Items]
Revenue	829,305	871,941	1,679,803	1,723,647
Europe
Disaggregation of Revenue [Line Items]
Revenue	242,516	264,124	500,010	539,151
Canada
Disaggregation of Revenue [Line Items]
Revenue	47,727	58,742	99,149	118,875
Asia
Disaggregation of Revenue [Line Items]
Revenue	70,730	87,549	143,254	173,442
Other
Disaggregation of Revenue [Line Items]
Revenue	55,207	77,365	126,565	156,311
Consumer Packaging
Disaggregation of Revenue [Line Items]
Revenue	614,621	602,750	1,203,038	1,192,466
Consumer Packaging | United States
Disaggregation of Revenue [Line Items]
Revenue	448,546	436,896	870,025	853,296
Consumer Packaging | Europe
Disaggregation of Revenue [Line Items]
Revenue	102,327	99,007	205,350	207,219
Consumer Packaging | Canada
Disaggregation of Revenue [Line Items]
Revenue	26,732	28,839	52,577	56,139
Consumer Packaging | Asia
Disaggregation of Revenue [Line Items]
Revenue	17,745	17,445	34,283	33,358
Consumer Packaging | Other
Disaggregation of Revenue [Line Items]
Revenue	19,271	20,563	40,803	42,454
Display and Packaging
Disaggregation of Revenue [Line Items]
Revenue	107,303	134,833	228,659	272,387
Display and Packaging | United States
Disaggregation of Revenue [Line Items]
Revenue	47,804	62,097	103,513	127,659
Display and Packaging | Europe
Disaggregation of Revenue [Line Items]
Revenue	59,499	71,564	125,146	141,807
Display and Packaging | Canada
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Display and Packaging | Asia
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Display and Packaging | Other
Disaggregation of Revenue [Line Items]
Revenue	0	1,172	0	2,921
Paper and Industrial Converted Products
Disaggregation of Revenue [Line Items]
Revenue	434,452	491,328	909,422	987,365
Paper and Industrial Converted Products | United States
Disaggregation of Revenue [Line Items]
Revenue	259,178	268,890	536,000	537,456
Paper and Industrial Converted Products | Europe
Disaggregation of Revenue [Line Items]
Revenue	75,279	87,958	158,819	178,663
Paper and Industrial Converted Products | Canada
Disaggregation of Revenue [Line Items]
Revenue	20,995	29,903	46,572	62,736
Paper and Industrial Converted Products | Asia
Disaggregation of Revenue [Line Items]
Revenue	52,799	69,588	108,583	138,648
Paper and Industrial Converted Products | Other
Disaggregation of Revenue [Line Items]
Revenue	26,201	34,989	59,448	69,862
Protective Solutions
Disaggregation of Revenue [Line Items]
Revenue	89,109	130,810	207,662	259,208
Protective Solutions | United States
Disaggregation of Revenue [Line Items]
Revenue	73,777	104,058	170,265	205,236
Protective Solutions | Europe
Disaggregation of Revenue [Line Items]
Revenue	5,411	5,595	10,695	11,462
Protective Solutions | Canada
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Protective Solutions | Asia
Disaggregation of Revenue [Line Items]
Revenue	186	516	388	1,436
Protective Solutions | Other
Disaggregation of Revenue [Line Items]
Revenue	$ 9,735	$ 20,641	$ 26,314	$ 41,074

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	6 Months Ended
	Jun. 28, 2020segment
Segment Reporting [Abstract]
Number of reportable segments (segment)	4

Segment Reporting - Segment Fin

Segment Reporting - Segment Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Net sales	$ 1,245,485	$ 1,359,721	$ 2,548,781	$ 2,711,426
Operating profit	103,727	129,768	233,830	246,656
Restructuring/Asset impairment charges	(22,885)	(13,355)	(35,484)	(24,027)
Consumer Packaging
Segment Reporting Information [Line Items]
Net sales	614,621	602,750	1,203,038	1,192,466
Display and Packaging
Segment Reporting Information [Line Items]
Net sales	107,303	134,833	228,659	272,387
Paper and Industrial Converted Products
Segment Reporting Information [Line Items]
Net sales	434,452	491,328	909,422	987,365
Protective Solutions
Segment Reporting Information [Line Items]
Net sales	89,109	130,810	207,662	259,208
Operating Segments | Consumer Packaging
Segment Reporting Information [Line Items]
Net sales	614,621	602,750	1,203,038	1,192,466
Operating profit	86,129	62,942	153,930	125,057
Operating Segments | Display and Packaging
Segment Reporting Information [Line Items]
Net sales	107,303	134,833	228,659	272,387
Operating profit	5,981	5,889	14,075	12,343
Operating Segments | Paper and Industrial Converted Products
Segment Reporting Information [Line Items]
Net sales	434,452	491,328	909,422	987,365
Operating profit	29,964	61,229	83,977	109,616
Operating Segments | Protective Solutions
Segment Reporting Information [Line Items]
Net sales	89,109	130,810	207,662	259,208
Operating profit	4,482	14,275	18,486	25,279
Intersegment Sales
Segment Reporting Information [Line Items]
Net sales	31,799	34,134	64,954	70,338
Intersegment Sales | Consumer Packaging
Segment Reporting Information [Line Items]
Net sales	2,451	1,122	4,724	2,043
Intersegment Sales | Display and Packaging
Segment Reporting Information [Line Items]
Net sales	1,169	1,114	2,467	2,281
Intersegment Sales | Paper and Industrial Converted Products
Segment Reporting Information [Line Items]
Net sales	27,848	31,535	57,060	65,189
Intersegment Sales | Protective Solutions
Segment Reporting Information [Line Items]
Net sales	331	363	703	825
Segment Reconciling Items
Segment Reporting Information [Line Items]
Other, net	$ 56	$ (1,212)	$ (1,154)	$ (1,612)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	104 Months Ended
	Sep. 29, 2019	Jun. 28, 2020	Dec. 31, 2019	Nov. 30, 2011
Site Contingency [Line Items]
Environmental accrual		$ 8,401	$ 8,727
Spartanburg, South Carolina Site | Tegrant Holding Corporation
Site Contingency [Line Items]
Environmental accrual		5,722	5,789	$ 17,400
Payment towards remediation of sites		1,678
Increase of reserves	$ 10,000
Multiple Sites
Site Contingency [Line Items]
Environmental accrual		$ 2,679	$ 2,938