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Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 31, 2017
Oct. 31, 2016
Current assets    
Cash and cash equivalents $ 142.3 $ 103.7
Trade accounts receivable, less allowance of $8.9 in 2017 and $8.8 in 2016 447.0 399.2
Inventories:    
Raw materials 192.1 185.4
Work-in-process 11.5 12.2
Finished goods 75.9 79.8
Assets held for sale 2.2 3.8
Prepaid expenses 35.3 30.0
Other current assets 88.2 98.2
Total current assets 994.5 912.3
Long-term assets    
Goodwill 785.4 786.4
Other intangible assets, net of amortization 98.0 110.6
Deferred tax assets 10.5 9.0
Assets held by special purpose entities 50.9 50.9
Pension assets 10.3 22.2
Other long-term assets 94.3 89.7
Total long-term assets 1,049.4 1,068.8
Properties, plants and equipment    
Timber properties, net of depletion 276.2 277.8
Land 99.5 99.5
Buildings 428.3 398.1
Machinery and equipment 1,540.2 1,484.8
Capital projects in progress 80.2 91.3
Properties, plants and equipment, gross 2,424.4 2,351.5
Accumulated depreciation (1,236.0) (1,179.6)
Properties, plants and equipment, net 1,188.4 1,171.9
Total assets 3,232.3 3,153.0
Current liabilities    
Accounts payable 399.2 372.0
Accrued payroll and employee benefits 111.8 93.7
Restructuring reserves 5.2 10.4
Current portion of long-term debt 15.0 0.0
Short-term borrowings 14.5 51.6
Other current liabilities 142.2 131.5
Total current liabilities 687.9 659.2
Long-term liabilities    
Long-term debt 937.8 974.6
Deferred tax liabilities 217.8 193.0
Pension liabilities 159.5 179.8
Postretirement benefit obligations 12.6 13.7
Liabilities held by special purpose entities 43.3 43.3
Contingent liabilities and environmental reserves 7.1 6.8
Mandatorily redeemable noncontrolling interests 9.2 9.0
Other long-term liabilities 78.1 83.9
Total long-term liabilities 1,465.4 1,504.1
Commitments and Contingencies (Note 13)
Redeemable Noncontrolling Interests (Note 20) 31.5 31.8
Equity    
Common stock, without par value 144.2 141.4
Treasury stock, at cost (135.6) (135.6)
Retained earnings 1,360.5 1,340.0
Accumulated other comprehensive loss, net of tax:    
Foreign currency translation (249.3) (270.2)
Interest rate derivative 5.1 0.0
Minimum pension liabilities (114.0) (128.2)
Total Greif, Inc. shareholders’ equity 1,010.9 947.4
Noncontrolling interests 36.6 10.5
Total shareholders’ equity 1,047.5 957.9
Total liabilities and shareholders’ equity $ 3,232.3 $ 3,153.0