EQUITY AND COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Apr. 30, 2020

The following table summarizes the changes in equity for the three and six months ended April 30, 2020 (Dollars in millions, shares in thousands):


	Three Months Ended April 30, 2020
	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 January 31, 2020	48,269	$	162.7	28,573	$	(134.7)	$	1,548.7	$	(412.9)	$	1,163.8	$	58.9	$	1,222.7
Net income							11.4				11.4		4.4		15.8
Other comprehensive income (loss):
Foreign currency translation									(48.7)		(48.7)		(3.6)		(52.3)
Derivative financial instruments, net of immaterial income tax expense									(23.1)		(23.1)				(23.1)
Minimum pension liability adjustment, net of immaterial income tax expense									1.3		1.3				1.3
Comprehensive loss				.							(59.1)				(58.3)
Current period mark to redemption value of redeemable noncontrolling interest							(2.2)				(2.2)				(2.2)



Dividends paid to Greif, Inc. shareholders ($0.44 and $0.66 per Class A share and Class B share, respectively)							(26.1)				(26.1)				(26.1)
Dividends paid to noncontrolling interests and other											—		(7.7)		(7.7)

Long-term incentive shares issued	153	5.0		(153)	0.3						5.3				5.3
Share based compensation	—	0.5		—	—						0.5				0.5
Restricted stock, directors	28	1.0		(28)	—						1.0				1.0

As of April 30, 2020	48,450	$	169.2	28,392	$	(134.4)	$	1,531.8	$	(483.4)	$	1,083.2	$	52.0	$	1,135.2


	Six Months Ended April 30, 2020
	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, 2019	48,266	$	162.6	28,576	$	(134.8)	$	1,539.0	$	(433.7)	$	1,133.1	$	58.0	$	1,191.1
Net income							43.7				43.7		8.2		51.9
Other comprehensive income (loss):
Foreign currency translation									(49.8)		(49.8)		(5.6)		(55.4)
Derivative financial instruments, net of immaterial income tax expense									(22.9)		(22.9)				(22.9)
Minimum pension liability adjustment, net of $7.5 million of income tax expense									23.0		23.0				23.0
Comprehensive loss				.							(6.0)				(3.4)
Current period mark to redemption value of redeemable noncontrolling interest							1.1				1.1				1.1
Net income allocated to redeemable noncontrolling interests											—		(0.1)		(0.1)


Dividends paid to Greif, Inc. shareholders ($0.88 and $1.31 per Class A share and Class B share, respectively)							(52.0)				(52.0)				(52.0)
Dividends paid to noncontrolling interests and other											—		(8.5)		(8.5)
Long-term incentive shares issued	153	5.0		(153)	0.3						5.3				5.3
Share based compensation	—	0.5		—	—						0.5				0.5
Restricted stock, executive	3	0.1		(3)	0.1						0.2				0.2
Restricted stock, directors	28	1		(28)	—						1.0				1.0

As of April 30, 2020	48,450	$	169.2	28,392	$	(134.4)	$	1,531.8	$	(483.4)	$	1,083.2	$	52.0	$	1,135.2

The following table summarizes the changes in equity for the three and six months ended April 30, 2019 (Dollars in millions, shares in thousands):


	Three Months Ended April 30, 2019
	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 January 31, 2019	48,241	$	161.5	28,601	$	(134.8)	$	1,471.9	$	(379.4)	$	1,119.2	$	52.3	$	1,171.5
Net income							13.6				13.6		7.5		21.1
Other comprehensive income (loss):
Foreign currency translation									(12.7)		(12.7)		(2.0)		(14.7)
Derivative financial instruments, net of income tax benefit of $5.3 million									(10.0)		(10.0)				(10.0)
Minimum pension liability adjustment, net of immaterial income tax									0.7		0.7				0.7
Comprehensive loss											(8.4)				(2.9)

Current period mark to redemption value of redeemable noncontrolling interest							0.8				0.8				0.8
Net income allocated to redeemable noncontrolling interests											—		(0.5)		(0.5)
Dividends paid to Greif, Inc. shareholders ($0.44 and $0.66 per Class A share and Class B share, respectively)							(26.1)				(26.1)				(26.1)
Dividends paid to noncontrolling interests											—		(7.5)		(7.5)
Restricted stock, directors	25	1.1		(25)	—						1.1				1.1
As of April 30, 2019	48,266	$	162.6	28,576	$	(134.8)	$	1,460.2	$	(401.4)	$	1,086.6	$	49.8	$	1,136.4


	Six Months Ended April 30, 2019
	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, 2018	47,949	$	150.5	28,893	$	(135.4)	$	1,469.8	$	(377.1)	$	1,107.8	$	46.4	$	1,154.2
Net income							43.3				43.3		13.6		56.9
Other comprehensive income (loss):
Foreign currency translation									(8.5)		(8.5)		(1.0)		(9.5)
Derivative financial instruments, net of income tax benefit of $3.4 million									(15.7)		(15.7)				(15.7)
Minimum pension liability adjustment, net of immaterial income tax									(0.1)		(0.1)				(0.1)
Comprehensive income											19.0				31.6
Adoption of ASU 2016-16							(2.1)				(2.1)				(2.1)
Current period mark to redemption value of redeemable noncontrolling interest							1.0				1.0				1.0
Net income allocated to redeemable noncontrolling interests											—		(1.3)		(1.3)
Dividends paid to Greif, Inc. shareholders ($0.88 and $1.31 per Class A share and Class B share, respectively)							(51.8)				(51.8)				(51.8)
Dividends paid to noncontrolling interests											—		(7.9)		(7.9)
Restricted stock, directors	25	1.1		(25)							1.1				1.1
Long-term incentive shares issued	292	11.0		(292)	0.6						11.6				11.6
As of April 30, 2019	48,266	$	162.6	28,576	$	(134.8)	$	1,460.2	$	(401.4)	$	1,086.6	$	49.8	$	1,136.4

The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2020:


(in millions)	Foreign Currency Translation		Derivative Financial Instruments		Minimum Pension Liability Adjustment		Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2019	$	(298.0)	$	(12.7)	$	(123.0)	$	(433.7)
Other Comprehensive Income (Loss)	(49.8)		(22.9)		23.0		(49.7)
Balance as of April 30, 2020	$	(347.8)	$	(35.6)	$	(100.0)	$	(483.4)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2019:


(in millions)	Foreign Currency Translation		Interest Rate Derivative		Minimum Pension Liability Adjustment		Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2018	$	(292.8)	$	13.4	$	(97.7)	$	(377.1)
Other Comprehensive Income (Loss)	(8.5)		(15.7)		(0.1)		(24.3)
Balance as of April 30, 2019	$	(301.3)	$	(2.3)	$	(97.8)	$	(401.4)