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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jul. 31, 2020
Oct. 31, 2019
Current assets    
Cash and cash equivalents $ 98.5 $ 77.3
Trade accounts receivable, less allowance of $8.4 in 2020 and $6.8 in 2019 624.5 664.2
Inventories:    
Raw materials 251.5 238.4
Work-in-process 5.7 11.3
Finished goods 92.4 108.5
Assets held for sale 5.5 4.1
Other current assets 127.9 101.2
Prepaid expenses 49.0 44.0
Total current assets 1,305.9 1,249.0
Long-term assets    
Goodwill 1,505.3 1,517.8
Other intangible assets, net of amortization 726.2 776.5
Deferred tax assets 14.3 15.9
Other long-term assets 97.1 90.9
Pension asset 38.1 35.4
Operating lease assets 318.1 0.0
Total long term assets, excluding properties, plants and equipment 2,699.1 2,487.4
Properties, plants and equipment    
Timber properties, net of depletion 272.5 272.4
Land 169.3 178.0
Buildings 521.3 531.0
Machinery and equipment 1,928.4 1,866.2
Capital projects in progress 122.6 170.4
Properties, plants and equipment, gross 3,014.1 3,018.0
Accumulated depreciation (1,425.3) (1,327.7)
Properties, plants and equipment, net 1,588.8 1,690.3
Total assets 5,593.8 5,426.7
Current liabilities    
Accounts payable 436.0 435.2
Accrued payroll and employee benefits 86.3 142.4
Restructuring reserves 20.0 11.3
Current portion of long-term debt 99.7 83.7
Short-term borrowings 2.6 9.2
Other current liabilities 173.8 143.6
Current portion of operating lease liabilities 53.2 0.0
Total current liabilities 914.9 825.4
Long-term liabilities    
Long-term debt 2,535.3 2,659.0
Operating lease liabilities 267.5 0.0
Deferred tax liabilities 301.1 313.0
Pension liabilities 138.2 177.6
Postretirement benefit obligations 11.4 12.2
Other long-term liabilities 160.0 128.9
Contingent liabilities and environmental reserves 19.7 18.7
Mandatorily redeemable noncontrolling interests 8.4 8.4
Long-term income tax payable 27.8 27.8
Total long-term liabilities 3,469.4 3,388.9
Commitments and contingencies (Note 11)
Redeemable noncontrolling interests (Note 17) 18.6 21.3
Equity    
Common stock, without par value 169.7 162.6
Treasury stock, at cost (134.4) (134.8)
Retained earnings 1,527.4 1,539.0
Total Greif, Inc. shareholders' equity 1,141.3 1,133.1
Noncontrolling interests 49.6 58.0
Total shareholders' equity 1,190.9 1,191.1
Total liabilities and shareholders' equity 5,593.8 5,426.7
Foreign Currency Translation    
Equity    
Total Greif, Inc. shareholders' equity (285.4) (298.0)
Derivative Financial Instruments    
Equity    
Total Greif, Inc. shareholders' equity (33.6) (12.7)
Minimum Pension Liability Adjustment    
Equity    
Total Greif, Inc. shareholders' equity (102.4) (123.0)
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 51.3 51.9
Current liabilities    
Other current liabilities 43.3 0.0
Long-term liabilities    
Other long-term liabilities $ 0.0 $ 43.3