XML 41 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jan. 31, 2020
Oct. 31, 2019
Current assets    
Cash and cash equivalents $ 90.8 $ 77.3
Trade accounts receivable, less allowance of $7.3 in 2020 and $6.8 in 2019 641.7 664.2
Inventories:    
Raw materials 248.7 238.4
Work-in-process 10.5 11.3
Finished goods 111.7 108.5
Assets held for sale 4.6 4.1
Assets held by special purpose entities 50.9 0.0
Prepaid expenses 54.8 44.0
Other current assets 93.9 101.2
Total current assets 1,307.6 1,249.0
Long-term assets    
Goodwill 1,522.1 1,517.8
Other intangible assets, net of amortization 758.9 776.5
Deferred tax assets 14.9 15.9
Assets held by special purpose entities 0.0 50.9
Pension asset 36.4 35.4
Operating lease assets 327.2 0.0
Other long-term assets 89.6 90.9
Total long term assets, excluding properties, plants and equipment 2,749.1 2,487.4
Properties, plants and equipment    
Timber properties, net of depletion 272.7 272.4
Land 177.0 178.0
Buildings 528.2 531.0
Machinery and equipment 1,877.3 1,866.2
Capital projects in progress 174.4 170.4
Properties, plants and equipment, gross 3,029.6 3,018.0
Accumulated depreciation (1,364.8) (1,327.7)
Properties, plants and equipment, net 1,664.8 1,690.3
Total assets 5,721.5 5,426.7
Current liabilities    
Accounts payable 389.8 435.2
Accrued payroll and employee benefits 100.6 142.4
Restructuring reserves 9.8 11.3
Current portion of long-term debt 83.8 83.7
Short-term borrowings 5.3 9.2
Liabilities held by special purpose entities 43.3 0.0
Current portion of operating lease liabilities 60.3 0.0
Other current liabilities 131.3 143.6
Total current liabilities 824.2 825.4
Long-term liabilities    
Long-term debt 2,719.0 2,659.0
Operating lease liabilities 271.4 0.0
Deferred tax liabilities 312.5 313.0
Pension liabilities 142.7 177.6
Postretirement benefit obligations 12.0 12.2
Liabilities held by special purpose entities 0.0 43.3
Contingent liabilities and environmental reserves 18.7 18.7
Mandatorily redeemable noncontrolling interests 8.4 8.4
Long-term income tax payable 27.8 27.8
Other long-term liabilities 144.3 128.9
Total long-term liabilities 3,656.8 3,388.9
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests (Note 15) 17.8 21.3
Equity    
Common stock, without par value 162.7 162.6
Treasury stock, at cost (134.7) (134.8)
Retained earnings 1,548.7 1,539.0
Accumulated other comprehensive income (loss), net of tax:    
Foreign currency translation (299.1) (298.0)
Derivative financial instruments (12.5) (12.7)
Minimum pension liabilities (101.3) (123.0)
Total Greif, Inc. shareholders' equity 1,163.8 1,133.1
Noncontrolling interests 58.9 58.0
Total shareholders' equity 1,222.7 1,191.1
Total liabilities and shareholders' equity $ 5,721.5 $ 5,426.7