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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Net sales $ 1,564.3 $ 1,146.5
Cost of products sold 1,274.6 934.3
Gross profit 289.7 212.2
Selling, general and administrative expenses 151.6 134.3
Restructuring charges 3.5 3.1
Integration related costs 1.6 2.0
Non-cash asset impairment charges 62.4 1.3
(Gain) loss on disposal of properties, plants and equipment, net (1.4) 1.6
Gain on disposal of businesses, net 0.0 (0.1)
Operating profit 72.0 70.0
Interest expense, net 17.1 25.2
Non-cash pension settlement charges 0.0 8.5
Other expense, net 2.0 0.0
Income before income tax expense and equity earnings of unconsolidated affiliates, net 52.9 36.3
Income tax expense 35.6 6.1
Equity earnings of unconsolidated affiliates, net of tax (1.3) (0.7)
Net income 18.6 30.9
Net income attributable to noncontrolling interests (8.3) (7.5)
Net income attributable to Greif, Inc. $ 10.3 $ 23.4
Class A Common Stock    
Basic earnings per share attributable to Greif, Inc. common shareholders:    
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.17 $ 0.40
Diluted earnings per share attributable to Greif, Inc. common shareholders:    
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.18 $ 0.40
Weighted-average number of common shares outstanding:    
Basic (shares) 26,573,932 26,456,071
Diluted (shares) 26,750,470 26,531,403
Cash dividends declared per common share:    
Cash dividends declared per common share (in usd per share) $ 0.46 $ 0.44
Class B Common Stock    
Basic earnings per share attributable to Greif, Inc. common shareholders:    
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) 0.25 0.59
Diluted earnings per share attributable to Greif, Inc. common shareholders:    
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 0.25 $ 0.59
Weighted-average number of common shares outstanding:    
Basic (shares) 22,007,725 22,007,725
Diluted (shares) 22,007,725 22,007,725
Cash dividends declared per common share:    
Cash dividends declared per common share (in usd per share) $ 0.68 $ 0.65