The Company has engaged in a number of restructuring actions over the past several years. Actions initiated in 2019 and 2018 are reported as “2019 Actions” and “2018 Actions,” respectively. Actions initiated prior to 2018, all of which were substantially complete at June 30, 2019, are reported as “2017 and Earlier Actions.”



	2019						2018
	Second Quarter		Six Months		Second Quarter		Six Months
Restructuring/Asset impairment:
2019 Actions	$	9,961	$	16,350	$	—	$	—
2018 Actions	3,202		7,248		2,708		4,915
2017 and Earlier Actions	192		429		859		1,715

Restructuring/Asset impairment charges	13,355		24,027		3,567		6,630
Income tax benefit	(3,307)		(5,945)		(1,046)		(1,731)

Less: Costs attributable to noncontrolling interests, net of tax	(69)		(138)		(15)		(20)
Restructuring/asset impairment charges attributable to Sonoco, net of tax	$	9,979	$	17,944	$	2,506	$	4,879

When recognizable in accordance with GAAP, the Company expects to recognize future additional charges totaling approximately $6,600 in connection with previously announced restructuring actions. The Company believes that the majority of these charges will be incurred and paid by the end of 2019. The Company continually evaluates its cost structure, including its manufacturing capacity, and additional restructuring actions are likely to be undertaken.

During 2019, the Company announced the elimination of a forming film production line at a flexible packaging facility in the United States, initiated the closure of a composite can and injection molding facility in Germany, and announced the closure of a composite can plant in Malaysia (all part of the Consumer Packaging segment). The Company also exited an integrated material protective packaging facility in Texas (part of the Protective Solutions segment). In addition, approximately 112 positions were eliminated in the first six months of 2019 in conjunction with the Company's ongoing organizational effectiveness efforts.


2019 Actions	Second Quarter 2019		Total Incurred to Date		Estimated Total Cost
Severance and Termination Benefits
Consumer Packaging	$	2,866	$	5,855	$	10,315
Display and Packaging	57		57		57
Paper and Industrial Converted Products	1,356		$	1,778	1,778
Protective Solutions	340		681		681
Corporate	196		1,922		1,922
Asset Impairment / Disposal of Assets
Consumer Packaging	3,884		4,196		4,196


Protective Solutions	130		130		130

Other Costs
Consumer Packaging	880		1,322		2,889
Display and Packaging	236		391		391
Paper and Industrial Converted Products	13		15		15
Protective Solutions	3		3		3

Total Charges and Adjustments	$	9,961	$	16,350	$	22,377


2019 Actions	Severance and Termination Benefits		Asset Impairment/ Disposal of Assets		Other Costs		Total
Accrual Activity 2019 Year to Date
Liability at December 31, 2018	$	—	$	—	$	—	$	—
2019 charges	10,293		4,326		1,731		16,350
Cash payments	(5,676)		—		(1,731)		(7,407)
Asset write downs/disposals	—		(4,326)		—		(4,326)
Foreign currency translation	12		—		—		12
Liability at June 30, 2019	$	4,629	$	—	$	—	$	4,629

"Asset Impairment/Disposal of Assets" consists primarily of an impairment charge of $3,306 resulting from the elimination of a forming film line at a flexible packaging facility, a $431 loss on the disposal of assets related to the closure of a composite can and injection molding facility in Germany, and a $325 loss on the disposal of assets and inventory relating to the closure of a composite can plant in Malaysia.

During 2018, the Company announced the closure of a flexible packaging plant in North Carolina, a global brand management facility in Canada, and a thermoformed packaging plant in California (all part of the Consumer Packaging segment), five tube and core plants - one in Alabama, one in Canada, one in Indonesia, one in Russia, and one in Norway (all part of the Paper and Industrial Converted Products segment), and a protective packaging plant in North Carolina (part of the Protective Solutions segment). Restructuring actions in the Display and Packaging segment included charges

associated with exiting a single-customer contract at a packaging center near Atlanta, Georgia. In addition, approximately 120 positions were eliminated throughout 2018 in conjunction with the Company's ongoing organizational effectiveness efforts.



	2019						2018
2018 Actions	Second Quarter		Six Months		Second Quarter		Six Months
Severance and Termination Benefits
Consumer Packaging	$	195	$	836	$	906	$	1,694	$	5,535	$	5,535
Display and Packaging	150		152		556		731		2,092		2,092
Paper and Industrial Converted Products	28		197		301		1,292		3,308		3,308
Protective Solutions	—		(1)		517		776		1,074		1,074
Corporate	—		—		20		243		243		243
Asset Impairment / Disposal of Assets
Consumer Packaging	1,611		2,618		89		75		5,307		5,307
Display and Packaging	—		87		—		—		4,712		4,712
Paper and Industrial Converted Products	27		253		—		—		371		371
Protective Solutions	—		—		29		(243)		(243)		(243)

Other Costs
Consumer Packaging	959		2,768		(6)		5		5,158		5,518
Display and Packaging	68		116		3		3		9,966		10,066
Paper and Industrial Converted Products	162		202		293		293		1,963		1,963
Protective Solutions	2		20		—		46		66		66
Corporate	—		—		—		—		(11)		(11)
Total Charges and Adjustments	$	3,202	$	7,248	$	2,708	$	4,915	$	39,541	$	40,001


2018 Actions	Severance and Termination Benefits		Asset Impairment/ Disposal of Assets		Other Costs		Total
Accrual Activity 2019 Year to Date
Liability at December 31, 2018	$	3,194	$	—	$	179	$	3,373
2019 charges	1,184		2,958		3,106		7,248

Cash receipts/(payments)	(3,150)		494		(3,175)		(5,831)
Asset write downs/disposals	—		(3,452)		—		(3,452)
Foreign currency translation	1		—		5		6
Liability at June 30, 2019	$	1,229	$	—	$	115	$	1,344

Included in "Asset Impairment/Disposal of Assets" above are asset impairment charges of $1,725 and $909 related to the closures of a flexible packaging plant in North Carolina and a thermoformed packaging plant in California, respectively. Also included are losses totaling $232 related to the sale of fixed assets and inventory associated with the closure of a tube and core plant in Indonesia. The Company received proceeds of $416 from this sale and wrote off assets with a book value totaling $648.

“Other costs” consist primarily of costs related to plant closures including equipment removal, utilities, plant security, property taxes and insurance. The Company expects to pay the majority of the remaining 2018 Actions restructuring costs by the end of 2019 using cash generated from operations.

2017 and Earlier Actions are comprised of a number of plant closures and workforce reductions initiated prior to 2018. Charges for these actions in both 2019 and 2018 primarily relate to the cost of plant closures including severance, equipment removal, plant security, property taxes and insurance.



	2019						2018
2017 and Earlier Actions	Second Quarter		Six Months		Second Quarter		Six Months
Consumer Packaging	$	92	$	147	$	997	$	1,941
Display and Packaging	—		83		118		(71)
Paper and Industrial Converted Products	14		29		(530)		(674)
Protective Solutions	86		170		274		519
Corporate	—		—		—		—
Total charges, net of adjustments	$	192	$	429	$	859	$	1,715

The accrual for 2017 and Earlier Actions totaled $1,239 and $4,199 at June 30, 2019 and December 31, 2018, respectively, and is included in “Accrued expenses and other” on the Company’s Condensed Consolidated Balance Sheets. The majority of the liability associated with 2017 and Earlier Actions relates to unpaid severance costs and is expected to be paid by the end of 2019 using cash generated from operations.