XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jan. 31, 2024
Oct. 31, 2023
Current assets    
Cash and cash equivalents $ 179.3 $ 180.9
Trade accounts receivable, net of allowance 639.2 659.4
Inventories:    
Raw materials 282.4 255.8
Finished goods 86.1 82.8
Assets held for sale 5.4 5.0
Prepaid expenses 66.5 46.0
Other current assets 130.4 139.2
Total current assets 1,389.3 1,369.1
Long-term assets    
Goodwill 1,704.1 1,693.0
Other intangible assets, net of amortization 773.5 792.2
Deferred tax assets 23.5 22.9
Pension assets 38.2 36.2
Operating lease right-of-use assets 298.0 290.3
Finance lease right-of-use assets 31.2 30.5
Other long-term assets 139.8 164.0
Total long term assets 3,008.3 3,029.1
Properties, plants and equipment    
Timber properties, net of depletion 230.2 229.6
Land 154.9 153.7
Buildings 557.3 544.3
Machinery and equipment 2,178.6 2,138.8
Capital projects in progress 207.6 200.5
Properties, plants and equipment, gross 3,328.6 3,266.9
Accumulated depreciation (1,757.1) (1,704.3)
Properties, plants and equipment, net 1,571.5 1,562.6
Total assets 5,969.1 5,960.8
Current liabilities    
Accounts payable 468.0 497.8
Accrued payroll and employee benefits 101.5 137.7
Restructuring reserves 17.1 16.8
Current portion of long-term debt 88.3 88.3
Short-term borrowings 18.2 5.4
Current portion of operating lease liabilities 55.3 53.8
Current portion of finance lease liabilities 3.4 3.4
Other current liabilities 130.9 136.1
Total current liabilities 882.7 939.3
Long-term liabilities    
Long-term debt 2,185.3 2,121.4
Operating lease liabilities 246.1 240.2
Finance lease liabilities 28.8 27.9
Deferred tax liabilities 258.0 325.6
Pension liabilities 55.9 56.3
Postretirement benefit obligations 6.3 6.2
Contingent liabilities and environmental reserves 18.3 17.3
Long-term income tax payable 21.2 21.2
Other long-term liabilities 105.2 93.8
Total long-term liabilities 2,925.1 2,909.9
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests 124.9 125.3
Equity    
Common stock, without par value 222.1 208.4
Treasury stock, at cost (279.5) (281.9)
Retained earnings 2,377.7 2,337.9
Accumulated other comprehensive loss, net of tax:    
Foreign currency translation (290.1) (317.7)
Derivative financial instruments 35.5 71.7
Minimum pension liabilities (73.2) (70.5)
Total Greif, Inc. shareholders’ equity 1,992.5 1,947.9
Noncontrolling interests 43.9 38.4
Total shareholders’ equity 2,036.4 1,986.3
Total liabilities and shareholders’ equity $ 5,969.1 $ 5,960.8