while the social distancing response to covid-19 has resulted in increased consumer demand for certain food and household products , the pandemic 's recessionary impact on the worldwide economy has significantly decreased demand in our more economically sensitive industrial related businesses and exacerbated their negative price/cost relationships . as a result , the overall impact of the pandemic on 2020 consolidated results was negative . while we expect the pandemic to continue having a mixed impact on demand for our products in 2021 , we expect that demand and mix across our businesses will largely revert to pre-pandemic levels over the course of the year . however , although we expect that , relative to 2020 , consolidated results will benefit from this reversion , we still expect a net negative impact to 2021 consolidated earnings relative to pre-pandemic levels and that many of our businesses will continue to experience negative price/cost pressure . we expect our consumer packaging segment to experience normal seasonal volume trends in 2021 and to perform well relative to pre-pandemic levels . however , as the pandemic wanes , total volume is expected to be flat year over year as sales of at-home food packaging decline and demand in other consumer market segments picks up . we expect our industrial-related markets to continue experiencing weak but improving demand into the summer or fall , with our paper and industrial converted products segment continuing to face a negative price/cost relationship due to higher year-over-year recycled fiber costs ; however , we expect industrial demand will improve more substantially over the back-half of the year if the pandemic continues to subside . our protective solutions and display and packaging businesses are expected to benefit from the continued economic recovery . financial flexibility and liquidity sonoco has a strong , investment-grade balance sheet and substantial liquidity available in the form of cash , cash equivalents and revolving credit facilities , as well as the ability to issue commercial paper and to access liquidity in the banking and debt capital markets . the following actions taken in 2020 largely related to the company 's efforts to either improve near-term liquidity or secure additional 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 new $ 150 million , 364-day term loan , the proceeds from which were used to repay a portion of outstanding commercial paper . the company repaid this loan on july 20 , 2020. on april 1 , 2020 , the company accessed $ 250 million from its revolving credit facility , using $ 85 million of the proceeds to fully repay its then outstanding commercial paper balance . the company repaid this loan on may 5 , 2020. on april 6 , 2020 , the company borrowed $ 100 million pursuant to a new 364-day term loan . the company repaid this loan on october 22 , 2020. on april 22 , 2020 , the company sold $ 600 million of 3.125 % notes due may 1 , 2030 , using a portion of the net proceeds for the repayment of existing debt . in may 2020 , the company exercised its one-time option to extend the term of its 364-day , $ 200 million term loan with wells fargo bank , national association to may 2021. the company repaid this loan on october 22 , 2020 . 20 form 10-k sonoco 2020 annual report on november 30 , 2020 , the company repaid the remaining balance of its five-year term loan using proceeds from the sale of its european contract packaging business . following the actions above , at december 31 , 2020 , the company had approximately $ 565 million in cash and cash equivalents on hand , $ 500 million in committed availability under its revolving credit facility , and scheduled debt maturities in 2021 of approximately $ 456 million . health , safety and business continuity the health and safety of sonoco 's associates , contractors , suppliers and the general public are a top priority . included among the safety measures we have recently implemented are : conducting health screenings for personnel entering our operations , routinely cleaning high-touch surfaces , following social distancing protocols , prohibiting all non-critical business travel , and encouraging all associates who can to work from home when possible . additionally , sonoco has launched a dedicated covid-19 internal microsite to keep its associates up to date on company and health authority information , guidelines , protocols and policies , including those set by the world health organization and the u.s. centers for disease control and prevention . sonoco has also put in place a global task force to develop and implement business continuity plans to ensure its operations are as prepared as possible to be able to continue producing and shipping product to its customers without disruption . sonoco has a diverse global supply chain and to date has not experienced significant raw material or other supply disruptions . use of non-gaap financial measures to assess and communicate the financial performance of the company , sonoco management uses , both internally and externally , certain financial performance measures that are not in conformity with generally accepted accounting principles ( “ non-gaap ” financial measures ) . these non-gaap financial measures reflect the company 's gaap operating results adjusted to remove amounts , including the associated tax effects , relating to restructuring initiatives , asset impairment charges , environmental charges , acquisition-related costs , gains or losses from the disposition of businesses , excess property insurance recoveries , non-operating pension costs , certain income tax events and adjustments , and other items , if any , the exclusion of which management believes improves the period-to-period comparability and analysis of the underlying financial performance of the business . story_separator_special_tag the company completed two acquisitions during 2019 at a cost of $ 297.9 million , net of cash acquired . on december 31 , 2019 , the company completed the acquisition of thermoform engineered quality , llc , and plastique holdings , ltd , ( together `` teq `` ) for $ 187.3 million , net of cash acquired . final consideration was subject to a post-closing adjustment for the change in working capital to the date of closing and resulted in the receipt of cash from the sellers totaling $ 0.2 million in april 2020. the acquired operations consist of three thermoforming and extrusion facilities in the united states along with a thermoforming operation in the united kingdom and a thermoforming and molded-fiber operation in poland , which together employ approximately 500 associates . the acquisition of teq provides a strong platform to further expand sonoco 's growing healthcare packaging business . the operations of teq are reported in the company 's consumer packaging segment . on august 9 , 2019 , the company completed the acquisition of corenso for $ 110.6 million , net of cash acquired . final consideration was subject to a post-closing adjustment for the change in working capital to the date of closing which was settled in november 2019 requiring an additional cash payment to the sellers of approximately $ 0.1 million . corenso is a leading manufacturer of uncoated recycled paperboard ( urb ) and high-performance cores used in the paper , packaging films , tape , and specialty industries . corenso operates a 108,000-ton per year urb mill and core converting facility in wisconsin rapids , wisconsin , as well as a core converting facility in richmond , virginia , expanding the company 's ability to produce a wide variety of sustainable coreboard grades . the operations of corenso are reported in the company 's paper and industrial converted products segment . during 2020 and 2019 , the company made final contingent payments totaling $ 3.0 million and $ 5.5 million , respectively , for acquisitions completed in prior years . in 2020 the company settled a $ 2.5 million contingent purchase obligation related to the 2018 acquisition of highland packaging solutions ( `` highland `` ) based on certain sales metrics being met and a $ 0.5 million contingent purchase liability related to the 2016 acquisition of aar corporation ( `` aar `` ) . in 2019 the company settled additional contingent purchase obligations related to highland and aar totaling $ 5.0 million and $ 0.5 million , respectively . the payment of these contingent obligations are reflected as financing activities on the company 's consolidated statement of cash flows for the years ended december 31 , 2020 and december 31 , 2019. on november 30 , 2020 , the company completed the divestiture of its european contract packaging business , sonoco poland packaging services sp . z.o.o . to a subsidiary of prairie industries holdings , a wisconsin-based contract packaging and contract manufacturing firm backed by the halifax group . these operations provided full-service custom packaging and supply chain management solutions to global consumer product goods companies from three locations in poland with approximately 2,600 employees . the selling price of $ 120 million was adjusted at closing for certain indebtedness assumed by the buyer and for anticipated differences between targeted levels of working capital and the projected levels at the time of closing . the company received net cash proceeds at closing of $ 105.9 million , with the buyer funding an escrow account with an additional $ 4.6 million , of which $ 4.0 million is expected to be released to the company upon final sales adjustments in the first quarter of 2021 , and the remainder , pending any indemnity claims , in the second quarter of 2022. the company also anticipates that final working capital settlements will result in additional cash proceeds of approximately $ 2.5 million in the first quarter of 2021. transaction fees totaling $ 2.5 million were paid out of the proceeds received . cumulative currency translation adjustment losses of $ 12.4 million associated with this entity were reclassified from accumulated other comprehensive income and recognized as a part of the net loss on the sale of the business which totaled $ 14.5 million . the decision to sell the european contract packaging business was part of the company 's efforts to simplify its operating structure to focus on growing its core consumer and industrial packaging businesses . the disposition of these operations is expected to negatively impact the 2021 year-over-year sales comparison by approximately $ 260 million . this sale is not expected to notably affect operating margin percentages nor does it represent a strategic shift for the company that will have a major effect on its operations and financial results . the company continually assesses its operational footprint as well as its overall portfolio of businesses and may consider the disposition of plants and or business units it considers to be suboptimal or nonstrategic . see note 3 to the consolidated financial statements for further information about acquisition and disposition activities . 23 form 10-k sonoco 2020 annual report restructuring and asset impairment charges due to its geographic footprint ( approximately 320 locations in 34 countries ) and the cost-competitive nature of its businesses , the company is constantly 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 year to year depending upon the scope and location of the restructuring activities . the following table recaps the impact of restructuring and asset impairment charges for each of the years presented : replace_table_token_3_th during 2020 , the company announced the closures of a paper mill in canada , a

cash flow operating activities cash flows from operations totaled $ 705.6 million in 2020 and $ 425.9 million in 2019. this $ 279.8 million year-over-year increase was largely driven by the $ 200 million voluntary contribution made to the u.s. pension plans in 2019 that did not recur in 2020. the net cash impact of these voluntary contributions , after tax , totaled approximately $ 165 million . cash flow from operations in 2020 includes a cash tax benefit of approximately $ 38 million related to anticipated 2021 contributions to one of the company 's defined benefit plans that will be deductible in its 2020 income tax filings . the cash flow impact of lower gaap net income was essentially offset by higher non-cash asset impairment charges and improved working capital management . working capital provided $ 51.5 million of cash in 2020 compared to $ 36.9 million in 2019. the additional cash provision of $ 14.6 million was driven primarily by accounts payable and was the result of both active supplier contract management and higher raw material prices at the end of 2020 which muted the decline in the balance of accounts payable outstanding at december 31 , 2020 versus the decline in 2019. in the prior year , accounts payable consumed cash as balances at december 31 , 2019 were lower than at the beginning of the year due partially to lower raw material prices . accounts receivable declined in 2020 due to a concerted effort by management regarding collections and other process improvements . while both accounts receivable and inventory provided cash during 2020 , the provisions were lower than in 2019 when the related cash flows benefited from a more significant year-end slow down than in 2020. non-cash asset impairment charges were $ 75.2 million higher year over year , due largely to the impairment of certain long-lived assets recognized in the fourth quarter of 2020 in the company 's perimeter-of-the-store thermoforming operations on the west coast of the united states and mexico .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flow operating activities cash flows from operations totaled $ 705.6 million in 2020 and $ 425.9 million in 2019. this $ 279.8 million year-over-year increase was largely driven by the $ 200 million voluntary contribution made to the u.s. pension plans in 2019 that did not recur in 2020. the net cash impact of these voluntary contributions , after tax , totaled approximately $ 165 million . cash flow from operations in 2020 includes a cash tax benefit of approximately $ 38 million related to anticipated 2021 contributions to one of the company 's defined benefit plans that will be deductible in its 2020 income tax filings . the cash flow impact of lower gaap net income was essentially offset by higher non-cash asset impairment charges and improved working capital management . working capital provided $ 51.5 million of cash in 2020 compared to $ 36.9 million in 2019. the additional cash provision of $ 14.6 million was driven primarily by accounts payable and was the result of both active supplier contract management and higher raw material prices at the end of 2020 which muted the decline in the balance of accounts payable outstanding at december 31 , 2020 versus the decline in 2019. in the prior year , accounts payable consumed cash as balances at december 31 , 2019 were lower than at the beginning of the year due partially to lower raw material prices . accounts receivable declined in 2020 due to a concerted effort by management regarding collections and other process improvements . while both accounts receivable and inventory provided cash during 2020 , the provisions were lower than in 2019 when the related cash flows benefited from a more significant year-end slow down than in 2020. non-cash asset impairment charges were $ 75.2 million higher year over year , due largely to the impairment of certain long-lived assets recognized in the fourth quarter of 2020 in the company 's perimeter-of-the-store thermoforming operations on the west coast of the united states and mexico .
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 Suspicious Activity Report : while the social distancing response to covid-19 has resulted in increased consumer demand for certain food and household products , the pandemic 's recessionary impact on the worldwide economy has significantly decreased demand in our more economically sensitive industrial related businesses and exacerbated their negative price/cost relationships . as a result , the overall impact of the pandemic on 2020 consolidated results was negative . while we expect the pandemic to continue having a mixed impact on demand for our products in 2021 , we expect that demand and mix across our businesses will largely revert to pre-pandemic levels over the course of the year . however , although we expect that , relative to 2020 , consolidated results will benefit from this reversion , we still expect a net negative impact to 2021 consolidated earnings relative to pre-pandemic levels and that many of our businesses will continue to experience negative price/cost pressure . we expect our consumer packaging segment to experience normal seasonal volume trends in 2021 and to perform well relative to pre-pandemic levels . however , as the pandemic wanes , total volume is expected to be flat year over year as sales of at-home food packaging decline and demand in other consumer market segments picks up . we expect our industrial-related markets to continue experiencing weak but improving demand into the summer or fall , with our paper and industrial converted products segment continuing to face a negative price/cost relationship due to higher year-over-year recycled fiber costs ; however , we expect industrial demand will improve more substantially over the back-half of the year if the pandemic continues to subside . our protective solutions and display and packaging businesses are expected to benefit from the continued economic recovery . financial flexibility and liquidity sonoco has a strong , investment-grade balance sheet and substantial liquidity available in the form of cash , cash equivalents and revolving credit facilities , as well as the ability to issue commercial paper and to access liquidity in the banking and debt capital markets . the following actions taken in 2020 largely related to the company 's efforts to either improve near-term liquidity or secure additional 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 new $ 150 million , 364-day term loan , the proceeds from which were used to repay a portion of outstanding commercial paper . the company repaid this loan on july 20 , 2020. on april 1 , 2020 , the company accessed $ 250 million from its revolving credit facility , using $ 85 million of the proceeds to fully repay its then outstanding commercial paper balance . the company repaid this loan on may 5 , 2020. on april 6 , 2020 , the company borrowed $ 100 million pursuant to a new 364-day term loan . the company repaid this loan on october 22 , 2020. on april 22 , 2020 , the company sold $ 600 million of 3.125 % notes due may 1 , 2030 , using a portion of the net proceeds for the repayment of existing debt . in may 2020 , the company exercised its one-time option to extend the term of its 364-day , $ 200 million term loan with wells fargo bank , national association to may 2021. the company repaid this loan on october 22 , 2020 . 20 form 10-k sonoco 2020 annual report on november 30 , 2020 , the company repaid the remaining balance of its five-year term loan using proceeds from the sale of its european contract packaging business . following the actions above , at december 31 , 2020 , the company had approximately $ 565 million in cash and cash equivalents on hand , $ 500 million in committed availability under its revolving credit facility , and scheduled debt maturities in 2021 of approximately $ 456 million . health , safety and business continuity the health and safety of sonoco 's associates , contractors , suppliers and the general public are a top priority . included among the safety measures we have recently implemented are : conducting health screenings for personnel entering our operations , routinely cleaning high-touch surfaces , following social distancing protocols , prohibiting all non-critical business travel , and encouraging all associates who can to work from home when possible . additionally , sonoco has launched a dedicated covid-19 internal microsite to keep its associates up to date on company and health authority information , guidelines , protocols and policies , including those set by the world health organization and the u.s. centers for disease control and prevention . sonoco has also put in place a global task force to develop and implement business continuity plans to ensure its operations are as prepared as possible to be able to continue producing and shipping product to its customers without disruption . sonoco has a diverse global supply chain and to date has not experienced significant raw material or other supply disruptions . use of non-gaap financial measures to assess and communicate the financial performance of the company , sonoco management uses , both internally and externally , certain financial performance measures that are not in conformity with generally accepted accounting principles ( “ non-gaap ” financial measures ) . these non-gaap financial measures reflect the company 's gaap operating results adjusted to remove amounts , including the associated tax effects , relating to restructuring initiatives , asset impairment charges , environmental charges , acquisition-related costs , gains or losses from the disposition of businesses , excess property insurance recoveries , non-operating pension costs , certain income tax events and adjustments , and other items , if any , the exclusion of which management believes improves the period-to-period comparability and analysis of the underlying financial performance of the business . story_separator_special_tag the company completed two acquisitions during 2019 at a cost of $ 297.9 million , net of cash acquired . on december 31 , 2019 , the company completed the acquisition of thermoform engineered quality , llc , and plastique holdings , ltd , ( together `` teq `` ) for $ 187.3 million , net of cash acquired . final consideration was subject to a post-closing adjustment for the change in working capital to the date of closing and resulted in the receipt of cash from the sellers totaling $ 0.2 million in april 2020. the acquired operations consist of three thermoforming and extrusion facilities in the united states along with a thermoforming operation in the united kingdom and a thermoforming and molded-fiber operation in poland , which together employ approximately 500 associates . the acquisition of teq provides a strong platform to further expand sonoco 's growing healthcare packaging business . the operations of teq are reported in the company 's consumer packaging segment . on august 9 , 2019 , the company completed the acquisition of corenso for $ 110.6 million , net of cash acquired . final consideration was subject to a post-closing adjustment for the change in working capital to the date of closing which was settled in november 2019 requiring an additional cash payment to the sellers of approximately $ 0.1 million . corenso is a leading manufacturer of uncoated recycled paperboard ( urb ) and high-performance cores used in the paper , packaging films , tape , and specialty industries . corenso operates a 108,000-ton per year urb mill and core converting facility in wisconsin rapids , wisconsin , as well as a core converting facility in richmond , virginia , expanding the company 's ability to produce a wide variety of sustainable coreboard grades . the operations of corenso are reported in the company 's paper and industrial converted products segment . during 2020 and 2019 , the company made final contingent payments totaling $ 3.0 million and $ 5.5 million , respectively , for acquisitions completed in prior years . in 2020 the company settled a $ 2.5 million contingent purchase obligation related to the 2018 acquisition of highland packaging solutions ( `` highland `` ) based on certain sales metrics being met and a $ 0.5 million contingent purchase liability related to the 2016 acquisition of aar corporation ( `` aar `` ) . in 2019 the company settled additional contingent purchase obligations related to highland and aar totaling $ 5.0 million and $ 0.5 million , respectively . the payment of these contingent obligations are reflected as financing activities on the company 's consolidated statement of cash flows for the years ended december 31 , 2020 and december 31 , 2019. on november 30 , 2020 , the company completed the divestiture of its european contract packaging business , sonoco poland packaging services sp . z.o.o . to a subsidiary of prairie industries holdings , a wisconsin-based contract packaging and contract manufacturing firm backed by the halifax group . these operations provided full-service custom packaging and supply chain management solutions to global consumer product goods companies from three locations in poland with approximately 2,600 employees . the selling price of $ 120 million was adjusted at closing for certain indebtedness assumed by the buyer and for anticipated differences between targeted levels of working capital and the projected levels at the time of closing . the company received net cash proceeds at closing of $ 105.9 million , with the buyer funding an escrow account with an additional $ 4.6 million , of which $ 4.0 million is expected to be released to the company upon final sales adjustments in the first quarter of 2021 , and the remainder , pending any indemnity claims , in the second quarter of 2022. the company also anticipates that final working capital settlements will result in additional cash proceeds of approximately $ 2.5 million in the first quarter of 2021. transaction fees totaling $ 2.5 million were paid out of the proceeds received . cumulative currency translation adjustment losses of $ 12.4 million associated with this entity were reclassified from accumulated other comprehensive income and recognized as a part of the net loss on the sale of the business which totaled $ 14.5 million . the decision to sell the european contract packaging business was part of the company 's efforts to simplify its operating structure to focus on growing its core consumer and industrial packaging businesses . the disposition of these operations is expected to negatively impact the 2021 year-over-year sales comparison by approximately $ 260 million . this sale is not expected to notably affect operating margin percentages nor does it represent a strategic shift for the company that will have a major effect on its operations and financial results . the company continually assesses its operational footprint as well as its overall portfolio of businesses and may consider the disposition of plants and or business units it considers to be suboptimal or nonstrategic . see note 3 to the consolidated financial statements for further information about acquisition and disposition activities . 23 form 10-k sonoco 2020 annual report restructuring and asset impairment charges due to its geographic footprint ( approximately 320 locations in 34 countries ) and the cost-competitive nature of its businesses , the company is constantly 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 year to year depending upon the scope and location of the restructuring activities . the following table recaps the impact of restructuring and asset impairment charges for each of the years presented : replace_table_token_3_th during 2020 , the company announced the closures of a paper mill in canada , a

