EQUITY AND COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Jul. 31, 2019

Equity [Abstract]

Summary of Changes in Equity

The following table summarizes the changes in equity for the three and nine month periods ended July 31, 2019 (Dollars in millions, shares in thousands):

	Three-Month Period Ended July 31, 2019
	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 April 30, 2019	48,266	$	162.6	28,576	$	(134.8	)	$	1,460.2		$	(401.4	)	$	1,086.6		$	49.8		$	1,136.4
Net income								62.7						62.7			4.8			67.5
Other comprehensive income (loss):
Foreign currency translation											(2.2		)	(2.2		)	1.3			(0.9		)
Derivative financial instruments, net of income tax expense of $2.2 million											(5.0		)	(5.0		)				(5.0		)
Minimum pension liability adjustment, net of immaterial income tax											2.3			2.3						2.3
Comprehensive income														57.8						63.9
Current period mark to redemption value of redeemable noncontrolling interest								2.3						2.3						2.3
Net income allocated to redeemable noncontrolling interests														—			(0.5		)	(0.5		)
Dividends paid to Greif, Inc. shareholders ($0.44 and $0.66 per Class A share and Class B share, respectively)								(26.1		)				(26.1		)				(26.1		)
Dividends paid to noncontrolling interests and other														—			(0.4		)	(0.4		)
As of July 31, 2019	48,266	$	162.6	28,576	$	(134.8	)	$	1,499.1		$	(406.3	)	$	1,120.6		$	55.0		$	1,175.6

	Nine-Month Period Ended July 31, 2019
	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, 2018	47,949	$	150.5	28,893		$	(135.4	)	$	1,469.8		$	(377.1	)	$	1,107.8		$	46.4		$	1,154.2
Net income									106.0						106.0			18.4			124.4
Other comprehensive income (loss):
Foreign currency translation												(10.7		)	(10.7		)	0.3			(10.4		)
Derivative financial instruments, net of income tax benefit of $1.4 million												(20.7		)	(20.7		)				(20.7		)
Minimum pension liability adjustment, net of immaterial income tax												2.2			2.2						2.2
Comprehensive income															76.8						95.5
Adoption of ASU 2016-16									(2.1		)				(2.1		)				(2.1		)
Current period mark to redemption value of redeemable noncontrolling interest									3.3						3.3						3.3
Net income allocated to redeemable noncontrolling interests															—			(1.8		)	(1.8		)
Dividends paid to Greif, Inc. shareholders ($1.32 and $1.97 per Class A share and Class B share, respectively)									(77.9		)				(77.9		)				(77.9		)
Dividends paid to noncontrolling interests and other															—			(8.3		)	(8.3		)
Restricted stock directors	25	1.1		(25	)										1.1						1.1
Long-term incentive shares issued	292	11.0		(292	)	0.6									11.6						11.6
As of July 31, 2019	48,266	$	162.6	28,576		$	(134.8	)	$	1,499.1		$	(406.3	)	$	1,120.6		$	55.0		$	1,175.6

The following table summarizes the changes in equity for the three and nine month periods ended July 31, 2018 (Dollars in millions, shares in thousands):

	Three-Month Period Ended July 31, 2018
	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 April 30, 2018	47,949	$	150.3	28,893	$	(135.4	)	$	1,410.4		$	(338.8	)	$	1,086.5		$	42.8		$	1,129.3
Net income								67.7						67.7			4.3			72.0
Other comprehensive income (loss):
Foreign currency translation											(32.6		)	(32.6		)	(3.3		)	(35.9		)
Interest rate derivative, net of income tax benefit of $0.7 million											2.2			2.2						2.2
Minimum pension liability adjustment, net of immaterial income tax											15.6			15.6						15.6
Comprehensive income														52.9						53.9
Current period mark to redemption value of redeemable noncontrolling interest								0.4						0.4						0.4
Net income allocated to redeemable noncontrolling interests														—			(1.0		)	(1.0		)
Dividends paid to Greif, Inc. shareholders ($0.42 and $0.63 per Class A share and Class B share, respectively)								(24.8		)				(24.8		)				(24.8		)
Dividends paid to noncontrolling interests														—			(0.6		)	(0.6		)
Restricted stock directors		0.2												0.2						0.2
As of July 31, 2018	47,949	$	150.5	28,893	$	(135.4	)	$	1,453.7		$	(353.6	)	$	1,115.2		$	42.2		$	1,157.4

	Nine-Month Period Ended July 31, 2018
	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, 2017	47,843	$	144.2	28,999		$	(135.6	)	$	1,360.5		$	(358.2	)	$	1,010.9		$	36.6		$	1,047.5
Net income									169.3						169.3			14.7			184.0
Other comprehensive income (loss):
Foreign currency translation												(20.9		)	(20.9		)	(2.9		)	(23.8		)
Interest rate derivative, net of income tax expense of $2.5 million									(0.6		)	8.1			7.5						7.5
Minimum pension liability adjustment, net of immaterial income tax												17.4			17.4						17.4
Comprehensive income															173.3						185.1
Current period mark to redemption value of redeemable noncontrolling interest									(1.5		)				(1.5		)				(1.5		)
Net income allocated to redeemable noncontrolling interests															—			(2.9		)	(2.9		)
Dividends paid to Greif, Inc. shareholders ($1.26 and $1.88 per Class A share and Class B share, respectively)									(74.0		)				(74.0		)				(74.0		)
Dividends paid to noncontrolling interests															—			(3.3		)	(3.3		)
Restricted stock directors	21	1.2		(21	)										1.2						1.2
Long-term incentive shares issued	85	5.1		(85	)	0.2									5.3						5.3
As of July 31, 2018	47,949	$	150.5	28,893		$	(135.4	)	$	1,453.7		$	(353.6	)	$	1,115.2		$	42.2		$	1,157.4

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table provides the rollforward of accumulated other comprehensive loss for the nine months ended July 31, 2019:

(in millions)	Foreign Currency Translation			Derivative Financial Instruments			Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2018	$	(292.8	)	$	13.4		$	(97.7	)	$	(377.1	)
Other Comprehensive Income (Loss)	(10.7		)	(20.7		)	2.2			(29.2		)
Current-period Other Comprehensive Income (Loss)	(10.7		)	(20.7		)	2.2			(29.2		)
Balance as of July 31, 2019	$	(303.5	)	$	(7.3	)	$	(95.5	)	$	(406.3	)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the nine months ended July 31, 2018:

(in millions)	Foreign Currency Translation			Interest Rate Derivative		Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2017	$	(249.3	)	$	5.1	$	(114.0	)	$	(358.2	)
Other Comprehensive Income (Loss)	(20.9		)	8.1		17.4			4.6
Current-period Other Comprehensive Income (Loss)	(20.9		)	8.1		17.4			4.6
Balance as of July 31, 2018	$	(270.2	)	$	13.2	$	(96.6	)	$	(353.6	)