Equity and Comprehensive Income (Loss) (Tables)

6 Months Ended

Apr. 30, 2018

Equity [Abstract]

Summary of Changes in Equity

The following table summarizes the changes of equity from October 31, 2017 to April 30, 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									101.6						101.6			10.4			112.0
Other comprehensive income (loss):
- foreign currency translation												11.7			11.7			0.4			12.1
- derivative financial instruments, net of income tax expense of $1.8 million									(0.6		)	5.9			5.3						5.3
- minimum pension liability adjustment, net of immaterial income tax												1.8			1.8						1.8
Comprehensive income															120.4						131.2
Current period mark to redemption value of redeemable noncontrolling interest									(1.8		)				(1.8		)				(1.8		)
Net income allocated to redeemable noncontrolling interests															—			(1.9		)	(1.9		)
Dividends paid to Greif, Inc. shareholders									(49.3		)				(49.3		)				(49.3		)
Dividends paid to noncontrolling interests															—			(2.7		)	(2.7		)
Restricted stock directors	21	1.0		(21	)	—									1.0						1.0
Long-term incentive shares issued	85	5.1		(85	)	0.2									5.3						5.3
As of April 30, 2018	47,949	$	150.3	28,893		$	(135.4	)	$	1,410.4		$	(338.8	)	$	1,086.5		$	42.8		$	1,129.3

The following table summarizes the changes of equity from October 31, 2016 to April 30, 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									41.4						41.4			6.5			47.9
Other comprehensive income (loss):
- foreign currency translation												3.5			3.5			(2.3		)	1.2
- interest rate derivative, net of income tax expense of $2.9 million												4.8			4.8						4.8
- change in minimum pension liability adjustment from remeasurement, settlement, and amortization, net of income tax of $17.5 million												29.4			29.4						29.4
Comprehensive income															79.1						83.3
Net income allocated to redeemable noncontrolling interests															—			(2.2		)	(2.2		)
Deconsolidation of noncontrolling interest															—			(2.6		)	(2.6		)
Dividends paid to Greif, Inc. shareholders									(49.2		)				(49.2		)				(49.2		)
Dividends paid to noncontrolling interests																		(3.1		)	(3.1		)
Long-term incentive shares issued	49	2.6		(49	)	0.1									2.7						2.7
As of April 30, 2017	47,841	$	144.0	29,001		$	(135.5	)	$	1,332.2		$	(360.7	)	$	980.0		$	6.8		$	986.8

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 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	11.7			5.9		1.8			19.4
Current-period Other Comprehensive Income	11.7			5.9		1.8			19.4
Balance as of April 30, 2018	$	(237.6	)	$	11.0	$	(112.2	)	$	(338.8	)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 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	3.5			4.8		29.4			37.7
Current-period Other Comprehensive Income	3.5			4.8		29.4			37.7
Balance as of April 30, 2017	$	(266.7	)	$	4.8	$	(98.8	)	$	(360.7	)