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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Apr. 30, 2020
Oct. 31, 2019
Current assets    
Cash and cash equivalents $ 72.4 $ 77.3
Trade accounts receivable, less allowance of $8.3 in 2020 and $6.8 in 2019 640.5 664.2
Inventories:    
Raw materials 241.0 238.4
Work-in-process 6.6 11.3
Finished goods 91.4 108.5
Assets held for sale 6.2 4.1
Other current assets 89.1 101.2
Prepaid expenses 49.8 44.0
Total current assets 1,247.9 1,249.0
Long-term assets    
Goodwill 1,474.7 1,517.8
Other intangible assets, net of amortization 740.2 776.5
Deferred tax assets 13.6 15.9
Other long-term assets 100.3 90.9
Pension asset 35.2 35.4
Operating lease assets 321.0 0.0
Total long term assets, excluding properties, plants and equipment 2,685.0 2,487.4
Properties, plants and equipment    
Timber properties, net of depletion 272.7 272.4
Land 165.2 178.0
Buildings 505.6 531.0
Machinery and equipment 1,899.5 1,866.2
Capital projects in progress 121.4 170.4
Properties, plants and equipment, gross 2,964.4 3,018.0
Accumulated depreciation (1,368.3) (1,327.7)
Properties, plants and equipment, net 1,596.1 1,690.3
Total assets 5,529.0 5,426.7
Current liabilities    
Accounts payable 418.3 435.2
Accrued payroll and employee benefits 86.4 142.4
Restructuring reserves 6.8 11.3
Current portion of long-term debt 83.8 83.7
Short-term borrowings 3.4 9.2
Other current liabilities 145.4 143.6
Current portion of operating lease liabilities 53.1 0.0
Total current liabilities 840.5 825.4
Long-term liabilities    
Long-term debt 2,595.1 2,659.0
Operating lease liabilities 270.6 0.0
Deferred tax liabilities 309.6 313.0
Pension liabilities 138.1 177.6
Postretirement benefit obligations 11.5 12.2
Other long-term liabilities 153.6 128.9
Contingent liabilities and environmental reserves 18.6 18.7
Mandatorily redeemable noncontrolling interests 8.4 8.4
Long-term income tax payable 27.8 27.8
Total long-term liabilities 3,533.3 3,388.9
Commitments and contingencies (Note 11)
Redeemable noncontrolling interests (Note 17) 20.0 21.3
Equity    
Common stock, without par value 169.2 162.6
Treasury stock, at cost (134.4) (134.8)
Retained earnings 1,531.8 1,539.0
Accumulated other comprehensive income (loss), net of tax:    
Foreign currency translation (347.8) (298.0)
Derivative financial instruments (35.6) (12.7)
Minimum pension liabilities (100.0) (123.0)
Total Greif, Inc. shareholders' equity 1,083.2 1,133.1
Noncontrolling interests 52.0 58.0
Total shareholders' equity 1,135.2 1,191.1
Total liabilities and shareholders' equity 5,529.0 5,426.7
Held by special purpose entities    
Inventories:    
Other current assets 50.9 0.0
Long-term assets    
Other long-term assets 0.0 50.9
Properties, plants and equipment    
Total assets 51.7 51.9
Current liabilities    
Other current liabilities 43.3 0.0
Long-term liabilities    
Other long-term liabilities $ 0.0 $ 43.3