Equity and Comprehensive Income (Loss) (Tables)

3 Months Ended

Jan. 31, 2018

Equity [Abstract]

Summary of Changes in Equity

The following table summarizes the changes of equity from October 31, 2017 to January 31, 2018 (Dollars in millions, shares in thousands):

	Capital Stock			Treasury Stock					Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Greif, Inc. Equity			Non controlling interests			Total Equity
	Common Shares	Amount		Treasury Shares		Amount
As of October 31, 2017	47,843	$	144.2	28,999		$	(135.6	)	$	1,360.5		$	(358.2	)	$	1,010.9		$	36.6		$	1,047.5
Net income									56.5						56.5			3.6			60.1
Other comprehensive income (loss):
- foreign currency translation												38.0			38.0			0.4			38.4
- interest rate derivative, net of income tax expense of $2.1 million									(0.6		)	4.5			3.9						3.9
- minimum pension liability adjustment, net of immaterial income tax												(0.9		)	(0.9		)				(0.9		)
Comprehensive income															97.5						101.5
Current period mark to redemption value of redeemable noncontrolling interest									(1.4		)				(1.4		)				(1.4		)
Net income allocated to redeemable noncontrolling interests															—			(1.1		)	(1.1		)
Dividends paid to Greif, Inc. shareholders									(24.5		)				(24.5		)				(24.5		)
Dividends paid to noncontrolling interests															—			(0.5		)	(0.5		)
Long-term incentive shares issued	82	4.9		(82	)	0.1									5.0						5.0
As of January 31, 2018	47,925	$	149.1	28,917		$	(135.5	)	$	1,390.5		$	(316.6	)	$	1,087.5		$	39.0		$	1,126.5

The following table summarizes the changes of equity from October 31, 2016 to January 31, 2017 (Dollars in millions, shares in thousands):

	Capital Stock			Treasury Stock					Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Greif, Inc. Equity			Non controlling interests			Total Equity
	Common Shares	Amount		Treasury Shares		Amount
As of October 31, 2016	47,792	$	141.4	29,050		$	(135.6	)	$	1,340.0		$	(398.4	)	$	947.4		$	10.5		$	957.9
Net income									5.4						5.4			2.6			8.0
Other comprehensive income (loss):
- foreign currency translation												(7.5		)	(7.5		)	(1.7		)	(9.2		)
- interest rate derivative, net of tax												4.6			4.6						4.6
- minimum pension liability adjustment, net of immaterial income tax												28.1			28.1						28.1
Comprehensive income															30.6						31.5
Current period mark to redemption value of redeemable noncontrolling interest									—						—						—
Net income allocated to redeemable noncontrolling interests															—			(1.0		)	(1.0		)
Other															—			0.1			0.1
Dividends paid to Greif, Inc. shareholders									(24.5		)				(24.5		)				(24.5		)
Dividends paid to noncontrolling interests																		(0.3		)	(0.3		)
Long-term incentive shares issued	29	1.5		(29	)	—									1.5						1.5
As of January 31, 2017	47,821	$	142.9	29,021		$	(135.6	)	$	1,320.9		$	(373.2	)	$	955.0		$	10.2		$	965.2

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the three months ended January 31, 2018:

(in millions)	Foreign Currency Translation			Interest Rate Derivative		Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2017	$	(249.3	)	$	5.1	$	(114.0	)	$	(358.2	)
Other Comprehensive Income (Loss)	38.0			4.5		(0.9		)	41.6
Current-period Other Comprehensive Income (Loss)	38.0			4.5		(0.9		)	41.6
Balance as of January 31, 2018	$	(211.3	)	$	9.6	$	(114.9	)	$	(316.6	)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the three months ended January 31, 2017:

(in millions)	Foreign Currency Translation			Interest Rate Derivative		Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2016	$	(270.2	)	$	—	$	(128.2	)	$	(398.4	)
Other Comprehensive Income (Loss)	(7.5		)	4.6		28.1			25.2
Current-period Other Comprehensive Income (Loss)	(7.5		)	4.6		28.1			25.2
Balance as of January 31, 2017	$	(277.7	)	$	4.6	$	(100.1	)	$	(373.2	)