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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 31, 2022
Oct. 31, 2021
Current assets    
Cash and cash equivalents $ 147.1 $ 124.6
Trade accounts receivable, net of allowance 749.1 889.5
Inventories:    
Raw materials 316.0 390.7
Work-in-process 0.0 1.5
Finished goods 87.3 107.0
Assets held for sale 1.3 6.9
Prepaid expenses 57.3 54.0
Other current assets 141.3 89.9
Total current assets 1,499.4 1,664.1
Long-term assets    
Goodwill 1,464.5 1,515.4
Other intangible assets, net of amortization 576.2 648.4
Deferred tax assets 10.1 16.3
Pension assets 30.8 39.9
Operating lease assets 254.7 289.4
Other long-term assets 179.2 121.1
Total long-term assets 2,515.5 2,630.5
Properties, plants and equipment    
Timber properties, net of depletion 226.8 224.6
Land 154.8 161.9
Buildings 515.1 543.8
Machinery and equipment 1,968.3 2,042.3
Capital projects in progress 182.9 137.2
Properties, plants and equipment, gross 3,047.9 3,109.8
Accumulated depreciation (1,592.9) (1,588.6)
Properties, plants and equipment, net 1,455.0 1,521.2
Total assets 5,469.9 5,815.8
Current liabilities    
Accounts payable 561.3 704.5
Accrued payroll and employee benefits 174.4 160.3
Restructuring reserves 12.3 20.3
Current portion of long-term debt 71.1 120.3
Short-term borrowings 5.7 50.5
Liabilities held for sale 0.0 0.9
Current portion of operating lease liabilities 48.9 54.0
Other current liabilities 174.2 203.3
Total current liabilities 1,047.9 1,314.1
Long-term liabilities    
Long-term debt 1,839.3 2,054.8
Operating lease liabilities 209.4 239.5
Deferred tax liabilities 343.6 318.0
Pension liabilities 58.0 78.3
Post-retirement benefit obligations 7.2 11.0
Contingent liabilities and environmental reserves 19.0 19.5
Long-term income tax payable 25.6 27.8
Other long-term liabilities 109.8 153.1
Total long-term liabilities 2,611.9 2,902.0
Commitments and Contingencies (Note 10)
Redeemable Noncontrolling Interests (Note 15) 15.8 24.1
Equity    
Common stock, without par value 173.5 179.3
Treasury stock, at cost (205.1) (134.1)
Retained earnings 2,095.2 1,825.6
Accumulated other comprehensive income (loss), net of tax:    
Foreign currency translation (316.5) (295.4)
Derivative financial instruments 72.8 (3.6)
Minimum pension liabilities (58.6) (57.5)
Total Greif, Inc. shareholders’ equity 1,761.3 1,514.3
Noncontrolling interests 33.0 61.3
Total shareholders’ equity 1,794.3 1,575.6
Total liabilities and shareholders’ equity $ 5,469.9 $ 5,815.8