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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jan. 31, 2018
Oct. 31, 2017
Current assets    
Cash and cash equivalents $ 94.3 $ 142.3
Trade accounts receivable, less allowance of $9.1 in 2018 and $8.9 in 2017 448.7 447.0
Inventories:    
Raw materials 235.6 192.1
Work-in-process 12.0 11.5
Finished goods 89.3 75.9
Assets held for sale 1.2 2.2
Prepaid expenses 53.1 35.3
Other current assets 109.8 88.2
Total current assets 1,044.0 994.5
Long-term assets    
Goodwill 808.0 785.4
Other intangible assets, net of amortization 95.9 98.0
Deferred tax assets 13.6 10.5
Assets held by special purpose entities 50.9 50.9
Pension asset 11.8 10.3
Other long-term assets 100.7 94.3
Total long term assets, excluding properties, plants and equipment 1,080.9 1,049.4
Properties, plants and equipment    
Timber properties, net of depletion 277.4 276.2
Land 103.3 99.5
Buildings 443.2 428.3
Machinery and equipment 1,564.3 1,540.2
Capital projects in progress 90.1 80.2
Properties, plants and equipment, gross 2,478.3 2,424.4
Accumulated depreciation (1,275.1) (1,236.0)
Properties, plants and equipment, net 1,203.2 1,188.4
Total assets 3,328.1 3,232.3
Current liabilities    
Accounts payable 378.4 399.2
Accrued payroll and employee benefits 76.8 111.8
Restructuring reserves 4.8 5.2
Current portion of long-term debt 15.0 15.0
Short-term borrowings 8.1 14.5
Other current liabilities 150.3 142.2
Total current liabilities 633.4 687.9
Long-term liabilities    
Long-term debt 1,010.8 937.8
Deferred tax liabilities 168.3 217.8
Pension liabilities 161.2 159.5
Postretirement benefit obligations 12.2 12.6
Liabilities held by special purpose entities 43.3 43.3
Contingent liabilities and environmental reserves 8.3 7.1
Mandatorily redeemable noncontrolling interests 8.9 9.2
Long-term income tax payable 35.9 0.0
Other long-term liabilities 85.8 78.1
Total long-term liabilities 1,534.7 1,465.4
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests (Note 17) 33.5 31.5
Equity    
Common stock, without par value 149.1 144.2
Treasury stock, at cost (135.5) (135.6)
Retained earnings 1,390.5 1,360.5
Accumulated other comprehensive income (loss), net of tax:    
Foreign currency translation (211.3) (249.3)
Interest rate derivative 9.6 5.1
Minimum pension liabilities (114.9) (114.0)
Total Greif, Inc. shareholders' equity 1,087.5 1,010.9
Noncontrolling interests 39.0 36.6
Total shareholders' equity 1,126.5 1,047.5
Total liabilities and shareholders' equity $ 3,328.1 $ 3,232.3