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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jan. 31, 2023
Oct. 31, 2022
Current assets    
Cash and cash equivalents $ 161.0 $ 147.1
Trade accounts receivable, net of allowance 674.2 749.1
Inventories:    
Raw materials 338.4 316.0
Finished goods 102.7 87.3
Assets held for sale 1.3 1.3
Prepaid expenses 64.1 57.3
Other current assets 129.8 141.3
Total current assets 1,471.5 1,499.4
Long-term assets    
Goodwill 1,540.8 1,464.5
Other intangible assets, net of amortization 695.9 576.2
Deferred tax assets 11.2 10.1
Pension asset 39.7 30.8
Operating lease assets 240.9 254.7
Finance lease assets 32.6 1.2
Other long-term assets 149.6 178.0
Total long term assets 2,710.7 2,515.5
Properties, plants and equipment    
Timber properties, net of depletion 228.4 226.8
Land 158.0 154.8
Buildings 537.9 515.1
Machinery and equipment 2,056.2 1,968.3
Capital projects in progress 180.2 182.9
Properties, plants and equipment, gross 3,160.7 3,047.9
Accumulated depreciation (1,652.3) (1,592.9)
Properties, plants and equipment, net 1,508.4 1,455.0
Total assets 5,690.6 5,469.9
Current liabilities    
Accounts payable 464.0 561.3
Accrued payroll and employee benefits 96.3 174.4
Restructuring reserves 13.0 12.3
Current portion of long-term debt 80.8 71.1
Short-term borrowings 4.6 5.7
Current portion of operating lease liabilities 47.4 48.9
Current portion of finance lease liabilities 3.9 0.9
Other current liabilities 170.5 173.3
Total current liabilities 880.5 1,047.9
Long-term liabilities    
Long-term debt 2,143.9 1,839.3
Operating lease liabilities 196.9 209.4
Finance lease liabilities 30.2 0.2
Deferred tax liabilities 335.7 343.6
Pension liabilities 60.0 58.0
Postretirement benefit obligations 7.3 7.2
Contingent liabilities and environmental reserves 19.2 19.0
Long-term income tax payable 25.6 25.6
Other long-term liabilities 93.8 109.6
Total long-term liabilities 2,912.6 2,611.9
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests 15.3 15.8
Equity    
Common stock, without par value 188.5 173.5
Treasury stock, at cost (221.1) (205.1)
Retained earnings 2,157.4 2,095.2
Accumulated other comprehensive loss, net of tax:    
Foreign currency translation (265.5) (316.5)
Derivative financial instruments 47.1 72.8
Minimum pension liabilities (61.0) (58.6)
Total Greif, Inc. shareholders’ equity 1,845.4 1,761.3
Noncontrolling interests 36.8 33.0
Total shareholders’ equity 1,882.2 1,794.3
Total liabilities and shareholders’ equity $ 5,690.6 $ 5,469.9