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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2016
Jul. 31, 2015
Net sales $ 845.0 $ 930.0 $ 2,456.0 $ 2,748.2
Cost of products sold 668.5 763.2 1,954.5 2,246.4
Gross profit 176.5 166.8 501.5 501.8
Selling, general and administrative expenses 92.6 96.9 280.3 317.2
Restructuring charges 10.2 16.2 17.9 26.7
Timberland gains 0.0 0.0 0.0 (24.3)
Non-cash asset impairment charges 4.1 17.6 44.9 22.3
Gain on disposal of properties, plants and equipment, net (0.7) (7.0) (9.5) (9.3)
(Gain) loss on disposal of businesses, net (1.3) (1.1) (4.1) 8.5
Operating profit 71.6 44.2 172.0 160.7
Interest expense, net 19.8 18.4 58.2 56.2
Other (income) expense , net 2.7 (1.6) 7.4 1.0
Income before income tax expense and equity earnings of unconsolidated affiliates, net 49.1 27.4 106.4 103.5
Income tax expense 3.5 18.7 38.2 45.8
Equity earnings of unconsolidated affiliates, net of tax (0.8) (0.6) (0.8) (0.3)
Net income 46.4 9.3 69.0 58.0
Net (income) loss attributable to noncontrolling interests (0.3) (0.7) (2.6) 1.5
Net income attributable to Greif, Inc. $ 46.1 $ 8.6 $ 66.4 $ 59.5
Class A Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.78 $ 0.15 $ 1.13 $ 1.02
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.78 $ 0.15 $ 1.13 $ 1.02
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 25,781,146 25,692,973 25,746,797 25,659,750
Weighted-average number of common shares outstanding, diluted (shares) 25,783,184 25,698,547 25,747,146 25,665,324
Cash dividends declared per common share:        
Cash dividends declared per common share (usd per share) $ 0.42 $ 0.42 $ 1.26 $ 1.26
Class B Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) 1.18 0.22 1.69 1.51
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 1.18 $ 0.22 $ 1.69 $ 1.51
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 22,000,000 22,100,000 22,100,000 22,100,000
Weighted-average number of common shares outstanding, diluted (shares) 22,000,000 22,100,000 22,100,000 22,100,000
Cash dividends declared per common share:        
Cash dividends declared per common share (usd per share) $ 0.63 $ 0.63 $ 1.88 $ 1.88