ASSETS AND LIABILITIES HELD FOR SALE AND DISPOSALS OF PROPERTIES, PLANTS AND EQUIPMENT, NET

The following table presents assets and liabilities classified as held for sale as of July 31, 2017 and October 31, 2016:



(in millions)	July 31, 2017		October 31, 2016
Cash and cash equivalents	$	5.5	$	—
Trade accounts receivable, less allowance	5.7		—
Inventories	2.6		—
Properties, plants and equipment, net	16.1		3.8
Goodwill	29.4		—
Other intangibles assets, net	17.0		—
Other assets	1.3		—
Assets held for sale	$	77.6	$	3.8

Accounts payable	$	2.7	$	—
Other current liabilities	1.5		—
Other long-term liabilities	10.3		—
Liabilities held for sale	$	14.5	$	—

As of July 31, 2017, there were four asset groups within the Rigid Industrial Packaging & Services segment classified as assets and liabilities held for sale. The assets held for sale are being marketed for sale, and it is the Company’s intention to complete the sales of these assets within the next twelve months. As of July 31, 2017, one asset group in the Flexible Products & Services segment classified as assets and liabilities held for sale as of October 31, 2016, was reclassified into held and used as of July 31, 2017 and October 31, 2016.

As of October 31, 2016, there was one asset group in the Rigid Industrial Packaging & Services segment and one asset group in the Flexible Products & Services segment classified as assets and liabilities held for sale.

For the three months ended July 31, 2017, the Company recorded a gain on disposal of properties, plants and equipment, net of $1.1 million. This included disposals of assets in the Flexible Products & Services segment that resulted in gains of $0.7 million and special use property sales that resulted in gains of $0.6 million in the Land Management segment, offset by disposals of assets in the Paper Packaging segment that resulted in a loss of $0.2 million.

For the nine months ended July 31, 2017, the Company recorded a gain on disposal of properties, plants and equipment, net of $3.9 million. This included disposals of assets in the Rigid Industrial Packaging & Services segment that resulted in gains of $0.8 million, disposals of assets in the Flexible Products & Services segment that resulted in gains of $0.8 million, special use property sales that resulted in gains of $2.4 million in the Land Management segment, offset by disposals of assets in the Paper Packaging segment that resulted in a loss of $0.1 million.

For the three months ended July 31, 2016, the Company recorded a gain on disposal of properties, plants and equipment, net of $0.7 million. This included disposals of assets in the Flexible Products & Services segment classified as held for sale that resulted in gains of $0.4 million, insurance recoveries that resulted in gains of $0.2 million in the Paper Packaging segment, other net gains totaling $0.3 million, offset by disposals of an asset in the Rigid Industrial Packaging & Services segment classified as held for sale that resulted in a loss of $0.2 million.

For the nine months ended July 31, 2016, the Company recorded a gain on disposal of properties, plants and equipment, net of$9.5 million. This included insurance recoveries that resulted in gains of $6.4 million in the Rigid Industrial Packaging & Services segment, disposals of assets in the Flexible Products & Services segment classified as held for sale that resulted in gains of $1.3 million, sales of surplus properties in the Land Management segment that resulted in gains of $0.9 million, insurance recoveries that resulted in gains of $0.2 million in the Paper Packaging segment, and other net gains totaling an additional $0.7 million.