Equity and Comprehensive Income (Loss) (Tables)

6 Months Ended

Apr. 30, 2017

Equity [Abstract]

Summary of Changes in Equity

The following table summarizes the changes of equity from October 31, 2016 to April 30, 2017 (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, 2016	47,792	$	141.4	29,050		$	(135.6	)	$	1,340.0		$	(398.4	)	$	947.4		$	10.5		$	957.9
Net income									41.4						41.4			6.5			47.9
Other comprehensive income (loss):
- foreign currency translation												3.5			3.5			(2.3		)	1.2
- interest rate derivative, net of income tax of $2.9 million												4.8			4.8						4.8
- change in minimum pension liability adjustment from remeasurement, settlement, and amortization, net of income tax of $17.5 million												29.4			29.4						29.4
Comprehensive income															79.1						83.3
Net income allocated to redeemable noncontrolling interests															—			(2.2		)	(2.2		)
Deconsolidation of noncontrolling interest															—			(2.6		)	(2.6		)
Other															—						—
Dividends paid to Greif, Inc. shareholders									(49.2		)				(49.2		)				(49.2		)
Dividends to noncontrolling interests															—			(3.1		)	(3.1		)
Long-term incentive shares issued	49	2.6		(49	)	0.1									2.7						2.7
As of April 30, 2017	47,841	$	144.0	29,001		$	(135.5	)	$	1,332.2		$	(360.7	)	$	980.0		$	6.8		$	986.8

The following table summarizes the changes of equity from October 31, 2015 to April 30, 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										20.3						20.3			2.3			22.6
Other comprehensive income (loss):
- foreign currency translation													18.6			18.6			(0.6		)	18.0
- minimum pension liability adjustment, net of immaterial income tax													0.6			0.6						0.6
Comprehensive loss																39.5						41.2
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										(2.0		)				(2.0		)				(2.0		)
Reclassification of redeemable noncontrolling interest										1.2						1.2			(22.8		)	(21.6		)
Net income allocated to redeemable noncontrolling interests																—			(2.4		)	(2.4		)
Other																—			(0.3		)	(0.3		)
Dividends paid to Greif, Inc. shareholders										(49.3		)				(49.3		)				(49.3		)
Dividends paid to noncontrolling interests																—			(2.2		)	(2.2		)
Treasury shares acquired	(110	)			110		(5.2		)							(5.2		)				(5.2		)
Restricted stock executives and directors	42		1.0		(42	)	0.1									1.1						1.1
Long-term incentive shares issued	41		1.0		(41	)	0.1									1.1						1.1
As of April 30, 2016	47,787		$	141.1	29,055		$	(135.6	)	$	1,334.9		$	(358.2	)	$	982.2		$	18.3		$	1,000.5

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2017:

(in millions)	Foreign Currency Translation			Interest Rate Derivative		Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2016	$	(270.2	)	$	—	$	(128.2	)	$	(398.4	)
Other Comprehensive Income	3.5			4.8		29.4			37.7
Current-period Other Comprehensive Income	3.5			4.8		29.4			37.7
Balance as of April 30, 2017	$	(266.7	)	$	4.8	$	(98.8	)	$	(360.7	)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2016:

(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 Before Reclassifications	18.6			0.6			19.2
Current-period Other Comprehensive Income	18.6			0.6			19.2
Balance as of April 30, 2016	$	(238.0	)	$	(120.2	)	$	(358.2	)