XML 44 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Oct. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill by Segment
The following table summarizes the changes in the carrying amount of goodwill by reportable segment for the years ended October 31, 2022 and 2021:
(in millions)
Global Industrial Packaging (1)
Paper
Packaging & Services
Total
Balance at October 31, 2020$750.5 $767.9 $1,518.4 
Goodwill allocated to divestitures and businesses held for sale(0.4)— (0.4)
Goodwill adjustments(0.2)— (0.2)
Currency translation(2.6)0.2 (2.4)
Balance at October 31, 2021$747.3 $768.1 $1,515.4 
Currency translation(50.7)(0.2)(50.9)
Balance at October 31, 2022$696.6 $767.9 $1,464.5 
(1)Accumulated goodwill impairment loss was $63.3 million as of October 31, 2022, 2021 and 2020, related to the Global Industrial Packaging reportable segment.
Summary of Carrying Amount of Net Intangible Assets by Class
The following table summarizes the carrying amount of net intangible assets by class as of October 31, 2022 and 2021:
(in millions)Gross
Intangible
Assets
Accumulated
Amortization
Net Intangible
Assets
October 31, 2022:
Indefinite lived:
Trademarks and patents$7.9 $— $7.9 
Definite lived:
Customer relationships834.5 270.0 564.5 
Trademarks and patents8.3 4.6 3.7 
Non-compete agreements0.4 0.4 — 
Other0.3 0.2 0.1 
Total$851.4 $275.2 $576.2 
October 31, 2021:
Indefinite lived:
Trademarks and patents$13.4 $— $13.4 
Definite lived:
Customer relationships887.0 259.4 627.6 
Trademarks and patents27.3 20.8 6.5 
Non-compete agreements0.7 0.6 0.1 
Other1.8 1.0 0.8 
Total$930.2 $281.8 $648.4