Equity and Comprehensive Income (Loss) (Tables)

9 Months Ended

Jul. 31, 2016

Equity [Abstract]

Summary of Changes in Equity

The following table summarizes the changes of equity from October 31, 2015 to July 31, 2016 (Dollars in millions, shares in thousands):

	Capital Stock				Treasury Stock					Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Greif, Inc. Equity			Non controlling interests			Total Equity
	Common Shares		Amount		Treasury Shares		Amount
As of October 31, 2015	47,814		$	139.1	29,028		$	(130.6	)	$	1,384.5		$	(377.4	)	$	1,015.6		$	44.3		$	1,059.9
Net income										66.4						66.4			2.6			69.0
Other comprehensive income (loss):
- foreign currency translation													(5.3		)	(5.3		)	(4.3		)	(9.6		)
- minimum pension liability adjustment, net of income tax expense													3.5			3.5						3.5
Comprehensive income (loss)																64.6						62.9
Out of period mark to redemption value of redeemable noncontrolling interest										(19.8		)				(19.8		)				(19.8		)
Current period mark to redemption value of redeemable noncontrolling interest										(3.1		)				(3.1		)				(3.1		)
Reclassification of redeemable noncontrolling interest										1.2						1.2			(22.8		)	(21.6		)
Net income allocated to redeemable noncontrolling interests																			(3.9		)	(3.9		)
Other																—			(0.4		)	(0.4		)
Dividends paid to Greif, Inc. shareholders										(74.0		)				(74.0		)				(74.0		)
Contributions from noncontrolling interest																—			0.8			0.8
Dividends to noncontrolling interests																			(3.9		)	(3.9		)
Treasury shares acquired	(110	)			110		(5.2		)							(5.2		)				(5.2		)
Restricted stock executives and directors	47		1.3		(47	)	0.1									1.4						1.4
Long-term incentive shares issued	41		1.0		(41	)	0.1									1.1						1.1
As of July 31, 2016	47,792		$	141.4	29,050		$	(135.6	)	$	1,355.2		$	(379.2	)	$	981.8		$	12.4		$	994.2

The following table summarizes the changes of equity from October 31, 2014 to July 31, 2015 (Dollars in millions, shares in thousands):

	Capital Stock			Treasury Stock					Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Greif, Inc. Equity			Non controlling interests			Total Equity
	Common Shares	Amount		Treasury Shares		Amount
As of October 31, 2014	47,724	$	135.5	29,118		$	(130.7	)	$	1,411.7		$	(274.4	)	$	1,142.1		$	81.1		$	1,223.2
Net income									59.5						59.5			(1.5		)	58.0
Other comprehensive income (loss):
- foreign currency translation												(87.7		)	(87.7		)	(21.8		)	(109.5		)
- Net reclassification of cash flow hedges to earnings, net of immaterial income tax benefit												0.1			0.1						0.1
- minimum pension liability adjustment, net of income tax benefit of $2.4 million												5.5			5.5						5.5
Comprehensive income (loss)															(22.6		)				(45.9		)
Acquisition of noncontrolling interest and other									(0.4		)				(0.4		)	(10.1		)	(10.5		)
Dividends paid to Greif, Inc. shareholders									(74.0		)				(74.0		)				(74.0		)
Dividends paid to noncontrolling interests															—			(4.0		)	(4.0		)
Stock options exercised	10	0.2		(10	)	—									0.2						0.2
Restricted stock executives and directors	31	1.4		(31	)	—									1.4						1.4
Long-term incentive shares issued	49	2.0		(49	)	0.1									2.1						2.1
As of July 31, 2015	47,814	$	139.1	29,028		$	(130.6	)	$	1,396.8		$	(356.5	)	$	1,048.8		$	43.7		$	1,092.5

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the nine months ended July 31, 2016 (Dollars in millions):

	Foreign Currency Translation			Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2015	$	(256.6	)	$	(120.8	)	$	(377.4	)
Other Comprehensive Income (Loss) Before Reclassifications	(5.3		)	3.5			(1.8		)
Current-period Other Comprehensive Income (Loss)	(5.3		)	3.5			(1.8		)
Balance as of July 31, 2016	$	(261.9	)	$	(117.3	)	$	(379.2	)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the nine months ended July 31, 2015 (Dollars in millions):

	Foreign Currency Translation			Cash Flow Hedges			Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2014	$	(144.5	)	$	(0.1	)	$	(129.8	)	$	(274.4	)
Other Comprehensive Income (Loss) Before Reclassifications	(87.7		)	—			5.5			(82.2		)
Amounts reclassified from Accumulated Other Comprehensive Loss	—			0.1			—			0.1
Current-period Other Comprehensive Income (Loss)	(87.7		)	0.1			5.5			(82.1		)
Balance as of July 31, 2015	$	(232.2	)	$	—		$	(124.3	)	$	(356.5	)