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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
Total
Executive
Directors
Capital Stock
Capital Stock
Executive
Capital Stock
Directors
Treasury Stock
Treasury Stock
Executive
Treasury Stock
Directors
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Greif, Inc. Equity
Greif, Inc. Equity
Executive
Greif, Inc. Equity
Directors
Non controlling interests
Beginning balance (shares) at Oct. 31, 2019       48,266     28,576                
Beginning balance at Oct. 31, 2019 $ 1,191.1     $ 162.6     $ (134.8)     $ 1,539.0 $ (433.7) $ 1,133.1     $ 58.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 76.3                 64.4   64.4     11.9
Other comprehensive income (loss):                              
Foreign currency translation 4.2                   12.6 12.6     (8.4)
Derivative financial instruments, net of income tax expense (20.9)                   (20.9) (20.9)      
Minimum pension liability adjustment, net of income tax expense 20.6                   20.6 20.6      
Comprehensive income 80.2                     76.7      
Current period mark to redemption value of redeemable noncontrolling interest 2.2                 2.2   2.2      
Net income allocated to redeemable noncontrolling interests 0.2                           0.2
Dividends paid to Greif, Inc. shareholders (78.2)                 (78.2)   (78.2)      
Dividends paid to noncontrolling interests and other (12.1)                           (12.1)
Long-term incentive shares issued (shares)       153     153                
Long-term incentive shares issued 5.3     $ 5.0     $ 0.3         5.3      
Share based compensation 1.0     $ 1.0               1.0      
Restricted stock (shares)         3 28   (3) (28)            
Restricted stock   $ 0.2 $ 1.0   $ 0.1 $ 1.0   $ 0.1         $ 0.2 $ 1.0  
Ending balance (shares) at Jul. 31, 2020       48,450     28,392                
Ending balance at Jul. 31, 2020 1,190.9     $ 169.7     $ (134.4)     1,527.4 (421.4) 1,141.3     49.6
Beginning balance (shares) at Apr. 30, 2020       48,450     28,392                
Beginning balance at Apr. 30, 2020 1,135.2     $ 169.2     $ (134.4)     1,531.8 (483.4) 1,083.2     52.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 24.4                 20.7   20.7     3.7
Other comprehensive income (loss):                              
Foreign currency translation 59.6                   62.4 62.4     (2.8)
Derivative financial instruments, net of income tax expense 2.0                   2.0 2.0      
Minimum pension liability adjustment, net of income tax expense (2.4)                   (2.4) (2.4)      
Comprehensive income 83.6                     82.7      
Current period mark to redemption value of redeemable noncontrolling interest 1.1                 1.1   1.1      
Net income allocated to redeemable noncontrolling interests 0.3                           0.3
Dividends paid to Greif, Inc. shareholders (26.2)                 (26.2)   (26.2)      
Dividends paid to noncontrolling interests and other (3.6)                           (3.6)
Share based compensation 0.5     $ 0.5               0.5      
Ending balance (shares) at Jul. 31, 2020       48,450     28,392                
Ending balance at Jul. 31, 2020 1,190.9     $ 169.7     $ (134.4)     1,527.4 (421.4) 1,141.3     49.6
Beginning balance (shares) at Oct. 31, 2020       48,450     28,392                
Beginning balance at Oct. 31, 2020 1,200.7     $ 170.2     $ (134.4)     1,543.9 (427.5) 1,152.2     48.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 303.3                 286.2   286.2     17.1
Other comprehensive income (loss):                              
Foreign currency translation 18.7                   17.9 17.9     0.8
Derivative financial instruments, net of income tax expense 10.8                   10.8 10.8      
Minimum pension liability adjustment, net of income tax expense 49.3                   49.3 49.3      
Comprehensive income 382.1                     364.2      
Current period mark to redemption value of redeemable noncontrolling interest 2.2                 2.2   2.2      
Net income allocated to redeemable noncontrolling interests (1.4)                           (1.4)
Dividends paid to Greif, Inc. shareholders (78.4)                 (78.4)   (78.4)      
Dividends paid to noncontrolling interests and other (6.4)                           (6.4)
Long-term incentive shares issued (shares)       80     80                
Long-term incentive shares issued 4.1     $ 3.9     $ 0.2         4.1      
Share based compensation 3.2     $ 3.2               3.2      
Restricted stock (shares)         3 26   (3) (26)            
Restricted stock   $ 0.1 $ 1.3   $ 0.1 $ 1.2     $ 0.1       $ 0.1 $ 1.3  
Ending balance (shares) at Jul. 31, 2021       48,559     28,283                
Ending balance at Jul. 31, 2021 1,507.5     $ 178.6     $ (134.1)     1,753.9 (349.5) 1,448.9     58.6
Beginning balance (shares) at Apr. 30, 2021       48,559     28,283                
Beginning balance at Apr. 30, 2021 1,429.7     $ 177.6     $ (134.1)     1,666.1 (335.4) 1,374.2     55.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 118.4                 113.0   113.0     5.4
Other comprehensive income (loss):                              
Foreign currency translation (15.5)                   (15.7) (15.7)     0.2
Derivative financial instruments, net of income tax expense (0.6)                   (0.6) (0.6)      
Minimum pension liability adjustment, net of income tax expense 2.2                   2.2 2.2      
Comprehensive income 104.5                     98.9      
Current period mark to redemption value of redeemable noncontrolling interest 1.0                 1.0   1.0      
Net income allocated to redeemable noncontrolling interests (0.6)                           (0.6)
Dividends paid to Greif, Inc. shareholders (26.2)                 (26.2)   (26.2)      
Dividends paid to noncontrolling interests and other (1.9)                           (1.9)
Share based compensation 1.0     $ 1.0               1.0      
Ending balance (shares) at Jul. 31, 2021       48,559     28,283                
Ending balance at Jul. 31, 2021 $ 1,507.5     $ 178.6     $ (134.1)     $ 1,753.9 $ (349.5) $ 1,448.9     $ 58.6