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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jul. 31, 2021
Oct. 31, 2020
Current assets    
Cash and cash equivalents $ 99.8 $ 105.9
Trade accounts receivable, less allowance of $6.3 in 2021 and $9.4 in 2020 834.7 636.6
Inventories:    
Raw materials 348.9 208.4
Work-in-process 1.5 5.4
Finished goods 106.1 79.8
Assets held for sale 6.6 57.0
Assets held by special purpose entities and other current assets 87.3 115.8
Prepaid expenses 82.0 43.0
Total current assets 1,566.9 1,302.8
Long-term assets    
Goodwill 1,522.3 1,518.4
Other intangible assets, net of amortization 665.4 715.3
Deferred tax assets 26.8 11.3
Pension asset 44.1 29.5
Operating lease assets 287.5 307.5
Other long-term assets 117.6 99.2
Total long term assets, excluding properties, plants and equipment 2,663.7 2,681.2
Properties, plants and equipment    
Timber properties, net of depletion 226.3 224.5
Land 163.1 162.6
Buildings 540.6 524.7
Machinery and equipment 2,019.9 1,930.6
Capital projects in progress 116.7 120.6
Properties, plants and equipment, gross 3,066.6 2,963.0
Accumulated depreciation (1,573.6) (1,436.1)
Properties, plants and equipment, net 1,493.0 1,526.9
Total assets 5,723.6 5,510.9
Current liabilities    
Accounts payable 657.0 450.7
Accrued payroll and employee benefits 138.6 122.3
Restructuring reserves 20.5 21.6
Current portion of long-term debt 120.3 123.1
Short-term borrowings 57.6 28.4
Liabilities held by special purpose entities and other current liabilities 191.4 158.4
Current portion of operating lease liabilities 51.3 52.3
Mandatorily redeemable noncontrolling interests 5.0 0.0
Total current liabilities 1,241.7 1,000.1
Long-term liabilities    
Long-term debt 2,089.7 2,335.5
Operating lease liabilities 238.8 257.7
Deferred tax liabilities 336.2 339.2
Pension liabilities 82.4 137.7
Postretirement benefit obligations 11.1 11.6
Contingent liabilities and environmental reserves 19.4 20.2
Mandatorily redeemable noncontrolling interests 3.4 8.4
Long-term income tax payable 27.8 27.8
Other long-term liabilities 147.2 152.0
Total long-term liabilities 2,956.0 3,290.1
Commitments and contingencies (Note 8)
Redeemable noncontrolling interests 18.4 20.0
Equity    
Common stock, without par value 178.6 170.2
Treasury stock, at cost (134.1) (134.4)
Retained earnings 1,753.9 1,543.9
Accumulated other comprehensive loss, net of tax:    
Foreign currency translation (277.0) (294.9)
Derivative financial instruments (13.9) (24.7)
Minimum pension liabilities (58.6) (107.9)
Total Greif, Inc. shareholders' equity 1,448.9 1,152.2
Noncontrolling interests 58.6 48.5
Total shareholders' equity 1,507.5 1,200.7
Total liabilities and shareholders' equity 5,723.6 5,510.9
Held by special purpose entities    
Inventories:    
Assets held by special purpose entities and other current assets 0.0 50.9
Current liabilities    
Liabilities held by special purpose entities and other current liabilities $ 0.0 $ 43.3