XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Apr. 30, 2018
Oct. 31, 2017
Current assets    
Cash and cash equivalents $ 108.2 $ 142.3
Trade accounts receivable, less allowance of $7.0 in 2018 and $8.9 in 2017 463.4 447.0
Inventories:    
Raw materials 246.3 192.1
Work-in-process 11.9 11.5
Finished goods 94.7 75.9
Assets held for sale 2.6 2.2
Prepaid expenses 50.0 35.3
Other current assets 111.5 88.2
Total current assets 1,088.6 994.5
Long-term assets    
Goodwill 798.3 785.4
Other intangible assets, net of amortization 90.7 98.0
Deferred tax assets 13.7 10.5
Assets held by special purpose entities 50.9 50.9
Pension asset 12.1 10.3
Other long-term assets 102.6 94.3
Total long term assets, excluding properties, plants and equipment 1,068.3 1,049.4
Properties, plants and equipment    
Timber properties, net of depletion 274.2 276.2
Land 100.8 99.5
Buildings 435.9 428.3
Machinery and equipment 1,553.5 1,540.2
Capital projects in progress 104.5 80.2
Properties, plants and equipment, gross 2,468.9 2,424.4
Accumulated depreciation (1,279.0) (1,236.0)
Properties, plants and equipment, net 1,189.9 1,188.4
Total assets 3,346.8 3,232.3
Current liabilities    
Accounts payable 395.7 399.2
Accrued payroll and employee benefits 95.5 111.8
Restructuring reserves 6.2 5.2
Current portion of long-term debt 15.0 15.0
Short-term borrowings 8.8 14.5
Other current liabilities 145.9 142.2
Total current liabilities 667.1 687.9
Long-term liabilities    
Long-term debt 1,020.5 937.8
Deferred tax liabilities 152.2 217.8
Pension liabilities 159.6 159.5
Postretirement benefit obligations 11.7 12.6
Liabilities held by special purpose entities 43.3 43.3
Contingent liabilities and environmental reserves 7.2 7.1
Mandatorily redeemable noncontrolling interests 8.7 9.2
Long-term income tax payable 35.9 0.0
Other long-term liabilities 77.5 78.1
Total long-term liabilities 1,516.6 1,465.4
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests (Note 17) 33.8 31.5
Equity    
Common stock, without par value 150.3 144.2
Treasury stock, at cost (135.4) (135.6)
Retained earnings 1,410.4 1,360.5
Accumulated other comprehensive income (loss), net of tax:    
Foreign currency translation (237.6) (249.3)
Derivative financial instruments 11.0 5.1
Minimum pension liabilities (112.2) (114.0)
Total Greif, Inc. shareholders' equity 1,086.5 1,010.9
Noncontrolling interests 42.8 36.6
Total shareholders' equity 1,129.3 1,047.5
Total liabilities and shareholders' equity $ 3,346.8 $ 3,232.3