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Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 31, 2020
Oct. 31, 2019
Current assets    
Cash and cash equivalents $ 105.9 $ 77.3
Trade accounts receivable, less allowance of $9.4 in 2020 and $6.8 in 2019 636.6 664.2
Inventories:    
Raw materials 208.4 238.4
Work-in-process 5.4 11.3
Finished goods 79.8 108.5
Assets held for sale 57.0 4.1
Assets held by special purpose entities 115.8 101.2
Prepaid expenses 43.0 44.0
Other current assets 115.8 101.2
Total current assets 1,302.8 1,249.0
Long-term assets    
Goodwill 1,518.4 1,517.8
Other intangible assets, net of amortization 715.3 776.5
Deferred tax assets 11.3 15.9
Other long-term assets 99.2 90.9
Pension assets 29.5 35.4
Operating lease assets 307.5 0.0
Total long-term assets 2,681.2 2,487.4
Properties, plants and equipment    
Timber properties, net of depletion 224.5 272.4
Land 162.6 178.0
Buildings 524.7 531.0
Machinery and equipment 1,930.6 1,866.2
Capital projects in progress 120.6 170.4
Properties, plants and equipment, gross 2,963.0 3,018.0
Accumulated depreciation (1,436.1) (1,327.7)
Properties, plants and equipment, net 1,526.9 1,690.3
Total assets 5,510.9 5,426.7
Current liabilities    
Accounts payable 450.7 435.2
Accrued payroll and employee benefits 122.3 142.4
Restructuring reserves 21.6 11.3
Current portion of long-term debt 123.1 83.7
Short-term borrowings 28.4 9.2
Liabilities held by special purpose entities 158.4 143.6
Current portion of operating lease liabilities 52.3 0.0
Other current liabilities 158.4 143.6
Total current liabilities 1,000.1 825.4
Long-term liabilities    
Long-term debt 2,335.5 2,659.0
Operating lease liabilities 257.7 0.0
Deferred tax liabilities 339.2 313.0
Pension liabilities 137.7 177.6
Post-retirement benefit obligations 11.6 12.2
Other long-term liabilities 152.0 128.9
Contingent liabilities and environmental reserves 20.2 18.7
Mandatorily redeemable noncontrolling interests 8.4 8.4
Long-term income tax payable 27.8 27.8
Total long-term liabilities 3,290.1 3,388.9
Commitments and Contingencies (Note 11)
Redeemable Noncontrolling Interests (Note 18) 20.0 21.3
Equity    
Common stock, without par value 170.2 162.6
Treasury stock, at cost (134.4) (134.8)
Retained earnings 1,543.9 1,539.0
Accumulated other comprehensive income (loss), net of tax:    
Total Greif, Inc. shareholders’ equity 1,152.2 1,133.1
Noncontrolling interests 48.5 58.0
Total shareholders’ equity 1,200.7 1,191.1
Total liabilities and shareholders’ equity 5,510.9 5,426.7
Foreign Currency Translation    
Accumulated other comprehensive income (loss), net of tax:    
Total Greif, Inc. shareholders’ equity (294.9) (298.0)
Derivative financial instruments    
Accumulated other comprehensive income (loss), net of tax:    
Total Greif, Inc. shareholders’ equity (24.7) (12.7)
Minimum Pension Liability Adjustment    
Accumulated other comprehensive income (loss), net of tax:    
Total Greif, Inc. shareholders’ equity (107.9) (123.0)
Variable Interest Entity, Primary Beneficiary    
Inventories:    
Assets held by special purpose entities 50.9 0.0
Other current assets 50.9 0.0
Long-term assets    
Other long-term assets 0.0 50.9
Current liabilities    
Liabilities held by special purpose entities 43.3 0.0
Other current liabilities 43.3 0.0
Long-term liabilities    
Other long-term liabilities $ 0.0 $ 43.3