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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Net sales $ 1,271.0 $ 1,564.3
Cost of products sold 1,019.4 1,274.6
Gross profit 251.6 289.7
Selling, general and administrative expenses 139.4 151.6
Restructuring charges 2.4 3.5
Acquisition and integration related costs 7.5 1.6
Non-cash asset impairment charges 0.5 62.4
Gain on disposal of properties, plants and equipment, net 0.0 (1.4)
Gain on disposals of businesses, net (54.6) 0.0
Total operating profit 156.4 72.0
Interest expense, net 22.8 17.1
Other expense, net 3.3 2.0
Income before income tax expense and equity earnings of unconsolidated affiliates, net 130.3 52.9
Income tax expense 37.7 35.6
Equity earnings of unconsolidated affiliates, net of tax (0.5) (1.3)
Net income 93.1 18.6
Net income attributable to noncontrolling interests (3.2) (8.3)
Net income attributable to Greif, Inc. $ 89.9 $ 10.3
Class A Common Stock    
Basic earnings per share attributable to Greif, Inc. common shareholders:    
Basic earnings per share attributable to Greif, Inc. common shareholders (in usd per share) $ 1.55 $ 0.17
Diluted earnings per share attributable to Greif, Inc. common shareholders:    
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share) $ 1.54 $ 0.18
Weighted-average number of common shares outstanding:    
Basic (in shares) 25,652,383 26,573,932
Diluted (in shares) 25,787,459 26,750,470
Cash dividends declared per common share:    
Cash dividends declared per common share (in usd per share) $ 0.50 $ 0.46
Class B Common Stock    
Basic earnings per share attributable to Greif, Inc. common shareholders:    
Basic earnings per share attributable to Greif, Inc. common shareholders (in usd per share) 2.31 0.25
Diluted earnings per share attributable to Greif, Inc. common shareholders:    
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share) $ 2.31 $ 0.25
Weighted-average number of common shares outstanding:    
Basic (in shares) 21,721,601 22,007,725
Diluted (in shares) 21,721,601 22,007,725
Cash dividends declared per common share:    
Cash dividends declared per common share (in usd per share) $ 0.74 $ 0.68