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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2017
Jul. 31, 2016
Net sales $ 961.8 $ 845.0 $ 2,670.1 $ 2,456.0
Cost of products sold 774.7 668.5 2,137.8 1,954.5
Gross profit 187.1 176.5 532.3 501.5
Selling, general and administrative expenses 92.6 92.6 286.2 280.3
Restructuring charges 3.9 10.2 8.7 17.9
Non-cash asset impairment charges 2.0 4.1 5.9 44.9
Pension settlement charge 1.0 0.0 25.6 0.0
Gain on disposal of properties, plants and equipment, net (1.1) (0.7) (3.9) (9.5)
Gain on disposal of businesses, net (0.8) (1.3) (2.2) (4.1)
Operating profit 89.5 71.6 212.0 172.0
Interest expense, net 13.7 19.8 46.7 58.2
Other expense, net 1.4 2.7 8.2 7.4
Income before income tax expense and equity earnings of unconsolidated affiliates, net 74.4 49.1 157.1 106.4
Income tax expense 27.2 3.5 62.0 38.2
Equity earnings of unconsolidated affiliates, net of tax (0.3) (0.8) (0.3) (0.8)
Net income 47.5 46.4 95.4 69.0
Net income attributable to noncontrolling interests (3.6) (0.3) (10.1) (2.6)
Net income attributable to Greif, Inc. $ 43.9 $ 46.1 $ 85.3 $ 66.4
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) $ 0.74 $ 0.78 $ 1.45 $ 1.13
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.74 $ 0.78 $ 1.45 $ 1.13
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 25,834,636 25,781,146 25,815,533 25,746,797
Weighted-average number of common shares outstanding, diluted (shares) 25,835,294 25,783,184 25,818,817 25,747,146
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) 1.12 1.18 2.17 1.69
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 1.12 $ 1.18 $ 2.17 $ 1.69
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 22,000,000 22,000,000 22,000,000 22,100,000
Weighted-average number of common shares outstanding, diluted (shares) 22,000,000 22,000,000 22,000,000 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