Earnings Per Share (Tables)

12 Months Ended

Oct. 31, 2018

Earnings Per Share [Abstract]

Computation of Class Based Basic and Diluted Earnings Per Share

The Company calculates EPS as follows:

Basic	=	40% * Average Class A Shares Outstanding	*	Undistributed Net Income	+	Class A Dividends Per Share
Class A EPS		40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding		Average Class A Shares Outstanding
Diluted	=	40% * Average Class A Shares Outstanding	*	Undistributed Net Income	+	Class A Dividends Per Share
Class A EPS		40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding		Average Diluted Class A Shares Outstanding
Basic	=	60% * Average Class B Shares Outstanding	*	Undistributed Net Income	+	Class B Dividends Per Share
Class B EPS		40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding		Average Class B Shares Outstanding
		*  Diluted Class B EPS calculation is identical to Basic Class B calculation

Computation of Earnings Per Share Basic and Diluted

The following table provides EPS information for each period, respectively:

	Year Ended October 31,
(in millions, except per share data)	2018		2017		2016
Numerator
Numerator for basic and diluted EPS –
Net income attributable to Greif	$	209.4	$	118.6	$	74.9
Cash dividends	100.0		98.6		98.7
Undistributed net income (loss) attributable to Greif, Inc.	$	109.4	$	20.0	$	(23.8	)
Denominator
Denominator for basic EPS –
Class A common stock	25.9		25.8		25.8
Class B common stock	22.0		22.0		22.1
Denominator for diluted EPS –
Class A common stock	26.0		25.8		25.8
Class B common stock	22.0		22.0		22.1
EPS Basic
Class A common stock	$	3.56	$	2.02	$	1.28
Class B common stock	$	5.33	$	3.02	$	1.90
EPS Diluted
Class A common stock	$	3.55	$	2.02	$	1.28
Class B common stock	$	5.33	$	3.02	$	1.90

Summarization of Company's Class A and Class B Common and Treasury Shares

The following table summarizes the Company’s Class A and Class B common and treasury shares at the specified dates:

	Authorized Shares	Issued Shares	Outstanding Shares	Treasury Shares
October 31, 2018:
Class A Common Stock	128,000,000	42,281,920	25,941,279	16,340,641
Class B Common Stock	69,120,000	34,560,000	22,007,725	12,552,275
October 31, 2017:
Class A Common Stock	128,000,000	42,281,920	25,835,281	16,446,639
Class B Common Stock	69,120,000	34,560,000	22,007,725	12,552,275

Reconciliation of Shares Used to Calculate Basic and Diluted Earnings Per Share

The following is a reconciliation of the shares used to calculate basic and diluted earnings per share:

	Year Ended October 31,
	2018	2017	2016
Class A Common Stock:
Basic shares	25,915,887	25,820,470	25,755,545
Assumed conversion of stock options and unvested shares	49,969	2,470	1,348
Diluted shares	25,965,856	25,822,940	25,756,893
Class B Common Stock:
Basic and diluted shares	22,007,725	22,009,193	22,062,089