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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2019
Jul. 31, 2018
Net sales $ 1,252.6 $ 1,012.1 $ 3,362.9 $ 2,886.1
Cost of products sold 973.2 795.0 2,662.0 2,302.0
Gross profit 279.4 217.1 700.9 584.1
Selling, general and administrative expenses 138.9 99.4 377.0 305.7
Restructuring charges 9.1 3.7 20.3 13.8
Acquisition-related costs 5.8 0.5 22.2 0.7
Non-cash asset impairment charges 0.0 0.8 2.1 4.1
Gain on disposal of properties, plants and equipment, net (1.3) (1.4) (7.1) (7.5)
Loss on disposal of businesses, net 1.3 0.1 3.0 0.1
Operating profit 125.6 114.0 283.4 267.2
Interest expense, net 34.5 12.1 80.1 38.4
Non-cash pension settlement charges 0.0 0.4 0.0 0.4
Debt extinguishment charges 0.1 0.0 22.0 0.0
Other (income) expense, net (1.1) 4.8 1.0 15.0
Income before income tax expense and equity earnings of unconsolidated affiliates, net 92.1 96.7 180.3 213.4
Income tax expense 26.8 25.7 58.3 31.2
Equity earnings of unconsolidated affiliates, net of tax (2.2) (1.0) (2.4) (1.8)
Net income 67.5 72.0 124.4 184.0
Net income attributable to noncontrolling interests (4.8) (4.3) (18.4) (14.7)
Net income attributable to Greif, Inc. $ 62.7 $ 67.7 $ 106.0 $ 169.3
Class A Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 1.06 $ 1.15 $ 1.80 $ 2.88
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 1.06 $ 1.15 $ 1.80 $ 2.88
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 26,257,943 25,941,279 26,166,612 25,907,423
Weighted-average number of common shares outstanding, diluted (shares) 26,257,943 25,941,279 26,166,612 25,907,423
Cash dividends declared per common share:        
Cash dividends declared per common share (usd per share) $ 0.44 $ 0.42 $ 1.32 $ 1.26
Class B Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) 1.59 1.72 2.68 4.31
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 1.59 $ 1.72 $ 2.68 $ 4.31
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 22,000,000.0 22,000,000.0 22,000,000.0 22,000,000.0
Weighted-average number of common shares outstanding, diluted (shares) 22,000,000.0 22,000,000.0 22,000,000.0 22,000,000.0
Cash dividends declared per common share:        
Cash dividends declared per common share (usd per share) $ 0.66 $ 0.63 $ 1.97 $ 1.88