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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
Total
Executive
Directors
Greif, Inc. Equity
Greif, Inc. Equity
Executive
Greif, Inc. Equity
Directors
Capital Stock
Capital Stock
Executive
Capital Stock
Directors
Treasury Stock
Treasury Stock
Executive
Treasury Stock
Directors
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non controlling interests
Beginning balance (in shares) at Oct. 31, 2020             48,450                
Beginning balance at Oct. 31, 2020 $ 1,200.7     $ 1,152.2     $ 170.2     $ (134.4)     $ 1,543.9 $ (427.5) $ 48.5
Beginning balance (in shares) at Oct. 31, 2020                   28,392          
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 [1]     17.9                   17.9 0.8
Derivative financial instruments, net of income tax expense/benefit 10.8     10.8                   10.8  
Minimum pension liability adjustment, net of income tax expense/benefit 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 (in shares)             80     (80)          
Long-term incentive shares issued 4.1     4.1     $ 3.9     $ 0.2          
Share based compensation 3.2     3.2     $ 3.2                
Restricted stock (in shares)               3 26   3 26      
Restricted stock   $ 0.1 $ 1.3   $ 0.1 $ 1.3   $ 0.1 $ 1.2     $ 0.1      
Ending balance (in shares) at Jul. 31, 2021             48,559                
Ending balance at Jul. 31, 2021 1,507.5     1,448.9     $ 178.6     $ (134.1)     1,753.9 (349.5) 58.6
Ending balance (in shares) at Jul. 31, 2021                   28,283          
Beginning balance (in shares) at Apr. 30, 2021             48,559                
Beginning balance at Apr. 30, 2021 1,429.7     1,374.2     $ 177.6     $ (134.1)     1,666.1 (335.4) 55.5
Beginning balance (in shares) at Apr. 30, 2021                   28,283          
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) [1]     (15.7)                   (15.7) 0.2
Derivative financial instruments, net of income tax expense/benefit (0.6)     (0.6)                   (0.6)  
Minimum pension liability adjustment, net of income tax expense/benefit 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 (in shares) at Jul. 31, 2021             48,559                
Ending balance at Jul. 31, 2021 1,507.5     1,448.9     $ 178.6     $ (134.1)     1,753.9 (349.5) 58.6
Ending balance (in shares) at Jul. 31, 2021                   28,283          
Beginning balance (in shares) at Oct. 31, 2021             48,559                
Beginning balance at Oct. 31, 2021 1,575.6     1,514.3     $ 179.3     $ (134.1)     1,825.6 (356.5) 61.3
Beginning balance (in shares) at Oct. 31, 2021                   28,283          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 291.4     277.2                 277.2   14.2
Other comprehensive income (loss):                              
Foreign currency translation 1.8 [1]     8.6                   8.6 (6.8)
Derivative financial instruments, net of income tax expense/benefit 37.1     37.1                   37.1  
Minimum pension liability adjustment, net of income tax expense/benefit 9.2     9.2                   9.2  
Comprehensive income 339.5     332.1                      
Divestment of noncontrolling interest (24.4)                           (24.4)
Current period mark to redemption value of redeemable noncontrolling interest 4.6     4.6                 4.6    
Net income allocated to redeemable noncontrolling interests (0.1)                           (0.1)
Dividends paid to Greif, Inc. shareholders (82.0)     (82.0)                 (82.0)    
Dividends paid to noncontrolling interests and other (8.7)                           (8.7)
Dividends earned on RSU shares $ (1.1)     (1.1)                 (1.1)    
Share repurchases (in shares) 0           (1,022)     (1,022)          
Share repurchases $ (75.0)     (75.0)     $ (15.0)     $ (60.0)          
Long-term incentive shares issued (in shares)             52     (52)          
Long-term incentive shares issued 3.1     3.1     $ 3.0     $ 0.1          
Share based compensation 3.8     3.8     $ 3.8                
Restricted stock (in shares)               3 22   3 22      
Restricted stock   $ 0.1 $ 1.2   $ 0.1     $ 0.1 $ 1.2            
Ending balance (in shares) at Jul. 31, 2022             47,614                
Ending balance at Jul. 31, 2022 1,736.6     1,701.1     $ 172.4     $ (194.0)     2,024.3 (301.6) 35.5
Ending balance (in shares) at Jul. 31, 2022                   29,228          
Beginning balance (in shares) at Apr. 30, 2022             48,636                
Beginning balance at Apr. 30, 2022 1,718.4     1,686.4     $ 186.0     $ (134.0)     1,910.3 (275.9) 32.0
Beginning balance (in shares) at Apr. 30, 2022                   28,206          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 146.1     141.8                 141.8   4.3
Other comprehensive income (loss):                              
Foreign currency translation (30.8) [1]     (29.6)                   (29.6) (1.2)
Derivative financial instruments, net of income tax expense/benefit 1.2     1.2                   1.2  
Minimum pension liability adjustment, net of income tax expense/benefit 2.7     2.7                   2.7  
Comprehensive income 119.2     116.1                      
Current period mark to redemption value of redeemable noncontrolling interest (0.3)     (0.3)                 (0.3)    
Net income allocated to redeemable noncontrolling interests (0.2)                           (0.2)
Dividends paid to Greif, Inc. shareholders (27.4)     (27.4)                 (27.4)    
Dividends paid to noncontrolling interests and other 0.6                           0.6
Dividends earned on RSU shares (0.1)     (0.1)                 (0.1)    
Share repurchases (in shares)             (1,022)     (1,022)          
Share repurchases (75.0)     (75.0)     $ (15.0)     $ (60.0)          
Share based compensation 1.4     1.4     $ 1.4                
Ending balance (in shares) at Jul. 31, 2022             47,614                
Ending balance at Jul. 31, 2022 $ 1,736.6     $ 1,701.1     $ 172.4     $ (194.0)     $ 2,024.3 $ (301.6) $ 35.5
Ending balance (in shares) at Jul. 31, 2022                   29,228          
[1] Nine months ended July 31, 2022 balance includes $113.1 million release of foreign currency translation from business divestment.