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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, 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 145.3     135.4                 135.4   9.9
Other comprehensive income (loss):                              
Foreign currency translation 32.6     38.2                   38.2 (5.6)
Derivative financial instruments, net of income tax expense/benefit 35.9     35.9                   35.9  
Minimum pension liability adjustment, net of income tax expense/benefit 6.5     6.5                   6.5  
Comprehensive income 220.3     216.0                      
Divestment of noncontrolling interest (24.4)                           (24.4)
Current period mark to redemption value of redeemable noncontrolling interest and other 4.9     4.9                 4.9    
Net income allocated to redeemable noncontrolling interests 0.1                           0.1
Dividends paid to Greif, Inc. shareholders (54.6)     (54.6)                 (54.6)    
Dividends paid to noncontrolling interests and other (9.3)                           (9.3)
Dividends earned on RSU shares (1.0)     (1.0)                 (1.0)    
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 2.4     2.4     $ 2.4                
Restricted stock (in shares)               3 22   (3) (22)      
Restricted stock   $ 0.1 $ 1.2   $ 0.1 $ 1.2   $ 0.1 $ 1.2     $ 0.0      
Ending balance (in shares) at Apr. 30, 2022             48,636                
Ending balance at Apr. 30, 2022 1,718.4     1,686.4     $ 186.0     $ (134.0)     1,910.3 (275.9) 32.0
Ending balance (in shares) at Apr. 30, 2022                   28,206          
Beginning balance (in shares) at Jan. 31, 2022             48,608                
Beginning balance at Jan. 31, 2022 1,557.3     1,493.3     $ 183.2     $ (134.0)     1,812.9 (368.8) 64.0
Beginning balance (in shares) at Jan. 31, 2022                   28,234          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 126.7     125.1                 125.1   1.6
Other comprehensive income (loss):                              
Foreign currency translation 64.1     65.4                   65.4 (1.3)
Derivative financial instruments, net of income tax expense/benefit 24.1     24.1                   24.1  
Minimum pension liability adjustment, net of income tax expense/benefit 3.4     3.4                   3.4  
Comprehensive income 218.3     218.0                      
Divestment of noncontrolling interest (24.4)                           (24.4)
Current period mark to redemption value of redeemable noncontrolling interest and other (0.1)     (0.1)                 (0.1)    
Net income allocated to redeemable noncontrolling interests (0.3)                           (0.3)
Dividends paid to Greif, Inc. shareholders (27.4)     (27.4)                 (27.4)    
Dividends paid to noncontrolling interests and other (7.6)                           (7.6)
Dividends earned on RSU shares (0.2)     (0.2)                 (0.2)    
Long-term incentive shares issued (in shares)             6     (6)          
Long-term incentive shares issued 0.3     0.3     $ 0.3     $ 0.0          
Share based compensation 1.3     1.3     $ 1.3                
Restricted stock (in shares)                 22     (22)      
Restricted stock     1.2     1.2     $ 1.2     $ 0.0      
Ending balance (in shares) at Apr. 30, 2022             48,636                
Ending balance at Apr. 30, 2022 1,718.4     1,686.4     $ 186.0     $ (134.0)     1,910.3 (275.9) 32.0
Ending balance (in shares) at Apr. 30, 2022                   28,206          
Beginning balance (in shares) at Oct. 31, 2022             47,443                
Beginning balance at Oct. 31, 2022 1,794.3     1,761.3     $ 173.5     $ (205.1)     2,095.2 (302.3) 33.0
Beginning balance (in shares) at Oct. 31, 2022                   29,399          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 209.1     201.1                 201.1   8.0
Other comprehensive income (loss):                              
Foreign currency translation 49.0     48.8                   48.8 0.2
Derivative financial instruments, net of income tax expense/benefit (30.8)     (30.8)                   (30.8)  
Minimum pension liability adjustment, net of income tax expense/benefit (3.8)     (3.8)                   (3.8)  
Comprehensive income 223.5     215.3                      
Current period mark to redemption value of redeemable noncontrolling interest and other 1.0     1.0                 1.0    
Net income allocated to redeemable noncontrolling interests (0.2)                           (0.2)
Dividends paid to Greif, Inc. shareholders (57.9)     (57.9)                 (57.9)    
Dividends paid to noncontrolling interests and other (5.9)                           (5.9)
Dividends earned on RSU shares 0.3     0.3                 0.3    
Share repurchases (in shares)             (949)     949          
Share repurchases (59.6)     (59.6)     $ 15.0     $ (74.6)          
Long-term incentive shares issued (in shares)             349     (349)          
Long-term incentive shares issued 16.6     16.6     $ 14.6     $ 2.0          
Share based compensation 1.5     1.5     $ 1.5                
Restricted stock (in shares)                 18     (18)      
Restricted stock     1.3           $ 1.2 0.1          
Ending balance (in shares) at Apr. 30, 2023             46,861                
Ending balance at Apr. 30, 2023 1,914.9     1,879.8     $ 205.8     $ (277.6)     2,239.7 (288.1) 35.1
Ending balance (in shares) at Apr. 30, 2023                   29,981          
Beginning balance (in shares) at Jan. 31, 2023             47,542                
Beginning balance at Jan. 31, 2023 1,882.2     1,845.4     $ 188.5     $ (221.1)     2,157.4 (279.4) 36.8
Beginning balance (in shares) at Jan. 31, 2023                   29,300          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 116.0     111.2                 111.2   4.8
Other comprehensive income (loss):                              
Foreign currency translation (2.3)     (2.2)                   (2.2) (0.1)
Derivative financial instruments, net of income tax expense/benefit (5.1)     (5.1)                   (5.1)  
Minimum pension liability adjustment, net of income tax expense/benefit (1.4)     (1.4)                   (1.4)  
Comprehensive income 107.2     102.5                      
Current period mark to redemption value of redeemable noncontrolling interest and other 0.2     0.2                 0.2    
Net income allocated to redeemable noncontrolling interests (0.5)                           (0.5)
Dividends paid to Greif, Inc. shareholders (29.0)     (29.0)                 (29.0)    
Dividends paid to noncontrolling interests and other (5.9)                           (5.9)
Dividends earned on RSU shares (0.1)     (0.1)                 (0.1)    
Share repurchases (in shares)             717     717          
Share repurchases (41.8)     (41.8)     $ 15.0     $ (56.8)          
Long-term incentive shares issued (in shares)             18     (18)          
Long-term incentive shares issued 1.0     1.0     $ 0.8     $ 0.2          
Share based compensation 0.3     0.3     $ 0.3                
Restricted stock (in shares)                 18     (18)      
Restricted stock     $ 1.3     $ 1.3     $ 1.2 0.1          
Ending balance (in shares) at Apr. 30, 2023             46,861                
Ending balance at Apr. 30, 2023 $ 1,914.9     $ 1,879.8     $ 205.8     $ (277.6)     $ 2,239.7 $ (288.1) $ 35.1
Ending balance (in shares) at Apr. 30, 2023                   29,981