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Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 31, 2019
Oct. 31, 2018
Current assets    
Cash and cash equivalents $ 77.3 $ 94.2
Trade accounts receivable, less allowance of $6.8 in 2019 and $4.2 in 2018 664.2 456.7
Inventories:    
Raw materials 238.4 203.9
Work-in-process 11.3 10.0
Finished goods 108.5 75.6
Assets held for sale 4.1 4.4
Prepaid expenses 44.0 39.8
Other current assets 101.2 92.1
Total current assets 1,249.0 976.7
Long-term assets    
Goodwill 1,517.8 776.0
Other intangible assets, net of amortization 776.5 80.6
Deferred tax assets 15.9 7.9
Assets held by special purpose entities 50.9 50.9
Pension assets 35.4 10.4
Other long-term assets 90.9 100.4
Total long-term assets 2,487.4 1,026.2
Properties, plants and equipment    
Timber properties, net of depletion 272.4 274.2
Land 178.0 96.4
Buildings 531.0 431.4
Machinery and equipment 1,866.2 1,554.9
Capital projects in progress 170.4 117.2
Properties, plants and equipment, gross 3,018.0 2,474.1
Accumulated depreciation (1,327.7) (1,282.2)
Properties, plants and equipment, net 1,690.3 1,191.9
Total assets 5,426.7 3,194.8
Current liabilities    
Accounts payable 435.2 403.8
Accrued payroll and employee benefits 142.4 114.4
Restructuring reserves 11.3 4.4
Current portion of long-term debt 83.7 18.8
Short-term borrowings 9.2 7.3
Other current liabilities 143.6 121.5
Total current liabilities 825.4 670.2
Long-term liabilities    
Long-term debt 2,659.0 884.1
Deferred tax liabilities 313.0 179.8
Pension liabilities 177.6 78.0
Post-retirement benefit obligations 12.2 10.7
Liabilities held by special purpose entities 43.3 43.3
Contingent liabilities and environmental reserves 18.7 6.8
Mandatorily redeemable noncontrolling interests 8.4 8.6
Long-term income tax payable 27.8 46.1
Other long-term liabilities 128.9 77.5
Total long-term liabilities 3,388.9 1,334.9
Commitments and Contingencies (Note 13)
Redeemable Noncontrolling Interests (Note 19) 21.3 35.5
Equity    
Common stock, without par value 162.6 150.5
Treasury stock, at cost (134.8) (135.4)
Retained earnings 1,539.0 1,469.8
Accumulated other comprehensive income (loss), net of tax:    
Foreign currency translation (298.0) (292.8)
Derivative financial instruments (12.7) 13.4
Minimum pension liabilities (123.0) (97.7)
Total Greif, Inc. shareholders’ equity 1,133.1 1,107.8
Noncontrolling interests 58.0 46.4
Total shareholders’ equity 1,191.1 1,154.2
Total liabilities and shareholders’ equity $ 5,426.7 $ 3,194.8