XML 77 R76.htm IDEA: XBRL DOCUMENT v3.20.1
EQUITY AND COMPREHENSIVE INCOME (LOSS) - Summary of Changes in Equity (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Oct. 31, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning balance $ 1,222.7 $ 1,171.5 $ 1,191.1 $ 1,154.2  
Net income 15.8 21.1 51.9 56.9  
Other comprehensive income (loss):          
Foreign currency translation (52.3) (14.7) (55.4) (9.5)  
Derivative financial instruments, net of immaterial income tax expense (23.1) (10.0) (22.9) (15.7)  
Derivative financial instruments, net of income tax benefit of $5.3 million   (10.0)   (15.7)  
Minimum pension liabilities 1.3 0.7 23.0 (0.1)  
Comprehensive income (loss) (58.3) (2.9) (3.4) 31.6  
Adoption of ASU 2016-16         $ (2.1)
Current period mark to redemption value of redeemable noncontrolling interest (2.2) 0.8 1.1 1.0  
Net income allocated to redeemable noncontrolling interests   (0.5) (0.1) (1.3)  
Dividends paid to Greif, Inc. shareholders (26.1) (26.1) (52.0) (51.8)  
Dividends paid to noncontrolling interests and other (7.7) (7.5) (8.5) (7.9)  
Restricted stock 1.0     1.1  
Long-term incentive shares issued 5.3 1.1 5.3 11.6  
Share based compensation 0.5   0.5    
Ending balance $ 1,135.2 1,136.4 1,135.2 1,136.4  
Other comprehensive income (loss), derivatives qualifying as hedges, tax   $ 5.3   $ 3.4  
Executive          
Other comprehensive income (loss):          
Restricted stock     0.2    
Directors          
Other comprehensive income (loss):          
Restricted stock     $ 1.0    
Capital Stock          
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning balance (shares) 48,269 48,241 48,266 47,949  
Beginning balance $ 162.7 $ 161.5 $ 162.6 $ 150.5  
Other comprehensive income (loss):          
Restricted stock (shares) 28     25  
Restricted stock $ 1.0     $ 1.1  
Long-term incentive shares issued (shares) 153 25 153 292  
Long-term incentive shares issued $ 5.0 $ 1.1 $ 5.0 $ 11.0  
Share based compensation $ 0.5   $ 0.5    
Ending balance (shares) 48,450 48,266 48,450 48,266  
Ending balance $ 169.2 $ 162.6 $ 169.2 $ 162.6  
Capital Stock | Executive          
Other comprehensive income (loss):          
Restricted stock (shares)     3    
Restricted stock     $ 0.1    
Capital Stock | Directors          
Other comprehensive income (loss):          
Restricted stock (shares)     28    
Restricted stock     $ 1.0    
Treasury Stock          
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning balance (shares) 28,573 28,601 28,576 28,893  
Beginning balance $ (134.7) $ (134.8) $ (134.8) $ (135.4)  
Other comprehensive income (loss):          
Restricted stock (shares) (28)     (25)  
Restricted stock $ 0.0      
Long-term incentive shares issued (shares) (153) (25) (153) (292)  
Long-term incentive shares issued $ 0.3 $ 0.0 $ 0.3 $ 0.6  
Ending balance (shares) 28,392 28,576 28,392 28,576  
Ending balance $ (134.4) $ (134.8) $ (134.4) $ (134.8)  
Treasury Stock | Executive          
Other comprehensive income (loss):          
Restricted stock (shares)     (3)    
Restricted stock     $ 0.1    
Treasury Stock | Directors          
Other comprehensive income (loss):          
Restricted stock (shares)     (28)    
Restricted stock     $ 0.0    
Retained Earnings          
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning balance 1,548.7 1,471.9 1,539.0 1,469.8  
Net income 11.4 13.6 43.7 43.3  
Other comprehensive income (loss):          
Adoption of ASU 2016-16         (2.1)
Current period mark to redemption value of redeemable noncontrolling interest (2.2) 0.8 1.1 1.0  
Dividends paid to Greif, Inc. shareholders (26.1) (26.1) (52.0) (51.8)  
Ending balance 1,531.8 1,460.2 1,531.8 1,460.2  
Accumulated Other Comprehensive Income (Loss)          
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning balance (412.9) (379.4) (433.7) (377.1)  
Other comprehensive income (loss):          
Foreign currency translation (48.7) (12.7) (49.8) (8.5)  
Derivative financial instruments, net of immaterial income tax expense (23.1)   (22.9)    
Derivative financial instruments, net of income tax benefit of $5.3 million   (10.0)   (15.7)  
Minimum pension liabilities 1.3 0.7 23.0 (0.1)  
Ending balance (483.4) (401.4) (483.4) (401.4)  
Income tax expense     7.5    
Greif, Inc. Equity          
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning balance 1,163.8 1,119.2 1,133.1 1,107.8  
Net income 11.4 13.6 43.7 43.3  
Other comprehensive income (loss):          
Foreign currency translation (48.7) (12.7) (49.8) (8.5)  
Derivative financial instruments, net of immaterial income tax expense (23.1)   (22.9)    
Derivative financial instruments, net of income tax benefit of $5.3 million   (10.0)   (15.7)  
Minimum pension liabilities 1.3 0.7 23.0 (0.1)  
Comprehensive income (loss) (59.1) (8.4) (6.0) 19.0  
Adoption of ASU 2016-16         $ (2.1)
Current period mark to redemption value of redeemable noncontrolling interest (2.2) 0.8 1.1 1.0  
Dividends paid to Greif, Inc. shareholders (26.1) (26.1) (52.0) (51.8)  
Restricted stock 1.0     1.1  
Long-term incentive shares issued 5.3 1.1 5.3 11.6  
Share based compensation 0.5   0.5    
Ending balance 1,083.2 1,086.6 1,083.2 1,086.6  
Greif, Inc. Equity | Executive          
Other comprehensive income (loss):          
Restricted stock     0.2    
Greif, Inc. Equity | Directors          
Other comprehensive income (loss):          
Restricted stock     1.0    
Non controlling interests          
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Beginning balance 58.9 52.3 58.0 46.4  
Net income 4.4 7.5 8.2 13.6  
Other comprehensive income (loss):          
Foreign currency translation (3.6) (2.0) (5.6) (1.0)  
Net income allocated to redeemable noncontrolling interests   (0.5) (0.1) (1.3)  
Dividends paid to noncontrolling interests and other (7.7) (7.5) (8.5) (7.9)  
Ending balance $ 52.0 $ 49.8 $ 52.0 $ 49.8  
Class A Common Stock          
Other comprehensive income (loss):          
Dividends (in usd per share) $ 0.44 $ 0.44 $ 0.88 $ 0.88  
Class B Common Stock          
Other comprehensive income (loss):          
Dividends (in usd per share) $ 0.66 $ 0.66 $ 1.31 $ 1.31