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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jul. 31, 2017
Oct. 31, 2016
Current assets    
Cash and cash equivalents $ 94.6 $ 103.7
Trade accounts receivable, less allowance of $6.3 in 2017 and $8.8 in 2016 453.6 399.2
Inventories 336.8 277.4
Assets held for sale 77.6 3.8
Prepaid expenses and other current assets 162.4 128.2
Total current assets 1,125.0 912.3
Long-term assets    
Goodwill 772.7 786.4
Other intangible assets, net of amortization 86.6 110.6
Deferred tax assets 9.3 9.0
Assets held by special purpose entities 50.9 50.9
Pension asset 28.6 22.2
Other long-term assets 95.1 89.7
Total long-term assets 1,043.2 1,068.8
Properties, plants and equipment    
Timber properties, net of depletion 275.2 277.8
Land 100.1 99.5
Buildings 406.4 398.1
Machinery and equipment 1,488.6 1,484.8
Capital projects in progress 109.0 91.3
Properties, plants and equipment, gross 2,379.3 2,351.5
Accumulated depreciation (1,210.8) (1,179.6)
Properties, plants and equipment, net 1,168.5 1,171.9
Total assets 3,336.7 3,153.0
Current liabilities    
Accounts payable 394.8 372.0
Accrued payroll and employee benefits 99.9 93.7
Restructuring reserves 7.0 10.4
Current portion of long-term debt 16.3 0.0
Short-term borrowings 18.3 51.6
Liabilities held for sale 14.5 0.0
Other current liabilities 168.3 131.5
Total current liabilities 719.1 659.2
Long-term liabilities    
Long-term debt 1,033.7 974.6
Deferred tax liabilities 202.9 193.0
Pension liabilities 159.9 179.8
Postretirement benefit obligations 13.3 13.7
Liabilities held by special purpose entities 43.3 43.3
Contingent liabilities and environmental reserves 6.9 6.8
Other long-term liabilities 85.1 92.9
Total long-term liabilities 1,545.1 1,504.1
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests (Note 18) 29.8 31.8
Equity    
Common stock, without par value 144.2 141.4
Treasury stock, at cost (135.6) (135.6)
Retained earnings 1,355.2 1,340.0
Accumulated other comprehensive income (loss), net of tax:    
Foreign currency translation (236.8) (270.2)
Interest rate derivative 4.0 0.0
Minimum pension liabilities (98.4) (128.2)
Total Greif, Inc. shareholders' equity 1,032.6 947.4
Noncontrolling interests 10.1 10.5
Total shareholders' equity 1,042.7 957.9
Total liabilities and shareholders' equity $ 3,336.7 $ 3,153.0