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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jul. 31, 2022
Oct. 31, 2021
Current assets    
Cash and cash equivalents $ 127.5 $ 124.6
Trade accounts receivable, net of allowance 868.7 889.5
Inventories:    
Raw materials 381.8 390.7
Work-in-process 0.0 1.5
Finished goods 96.7 107.0
Assets held for sale 0.3 6.9
Prepaid expenses 55.4 54.0
Other current assets 117.3 89.9
Total current assets 1,647.7 1,664.1
Long-term assets    
Goodwill 1,472.9 1,515.4
Other intangible assets, net of amortization 596.7 648.4
Deferred tax assets 14.2 16.3
Pension asset 68.5 39.9
Operating lease assets 253.2 289.4
Other long-term assets 145.8 121.1
Total long term assets 2,551.3 2,630.5
Properties, plants and equipment    
Timber properties, net of depletion 226.9 224.6
Land 155.8 161.9
Buildings 520.3 543.8
Machinery and equipment 1,969.4 2,042.3
Capital projects in progress 140.9 137.2
Properties, plants and equipment, gross 3,013.3 3,109.8
Accumulated depreciation (1,586.2) (1,588.6)
Properties, plants and equipment, net 1,427.1 1,521.2
Total assets 5,626.1 5,815.8
Current liabilities    
Accounts payable 642.1 704.5
Accrued payroll and employee benefits 144.0 160.3
Restructuring reserves 12.7 20.3
Current portion of long-term debt 50.9 120.3
Short-term borrowings 21.7 50.5
Liabilities held for sale 0.0 0.9
Current portion of operating lease liabilities 49.4 54.0
Other current liabilities 195.2 203.3
Total current liabilities 1,116.0 1,314.1
Long-term liabilities    
Long-term debt 1,986.1 2,054.8
Operating lease liabilities 206.7 239.5
Deferred tax liabilities 325.0 318.0
Pension liabilities 69.6 78.3
Postretirement benefit obligations 10.6 11.0
Contingent liabilities and environmental reserves 20.3 19.5
Long-term income tax payable 27.8 27.8
Other long-term liabilities 110.4 153.1
Total long-term liabilities 2,756.5 2,902.0
Commitments and contingencies (Note 8)
Redeemable noncontrolling interests 17.0 24.1
Equity    
Common stock, without par value 172.4 179.3
Treasury stock, at cost (194.0) (134.1)
Retained earnings 2,024.3 1,825.6
Accumulated other comprehensive loss, net of tax:    
Foreign currency translation (286.8) (295.4)
Derivative financial instruments 33.5 (3.6)
Minimum pension liabilities (48.3) (57.5)
Total Greif, Inc. shareholders' equity 1,701.1 1,514.3
Noncontrolling interests 35.5 61.3
Total shareholders' equity 1,736.6 1,575.6
Total liabilities and shareholders' equity $ 5,626.1 $ 5,815.8