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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jan. 31, 2021
Oct. 31, 2020
Current assets    
Cash and cash equivalents $ 101.4 $ 105.9
Trade accounts receivable, less allowance of $8.4 in 2021 and $9.4 in 2020 679.7 636.6
Inventories:    
Raw materials 243.5 208.4
Work-in-process 2.9 5.4
Finished goods 89.3 79.8
Assets held for sale 57.0 57.0
Other current assets 119.9 115.8
Prepaid expenses 52.6 43.0
Total current assets 1,346.3 1,302.8
Long-term assets    
Goodwill 1,530.4 1,518.4
Other intangible assets, net of amortization 700.1 715.3
Deferred tax assets 28.4 11.3
Pension asset 32.3 29.5
Operating lease assets 299.8 307.5
Other long-term assets 114.4 99.2
Total long term assets, excluding properties, plants and equipment 2,705.4 2,681.2
Properties, plants and equipment    
Timber properties, net of depletion 224.2 224.5
Land 164.8 162.6
Buildings 535.8 524.7
Machinery and equipment 1,976.1 1,930.6
Capital projects in progress 122.6 120.6
Properties, plants and equipment, gross 3,023.5 2,963.0
Accumulated depreciation (1,508.6) (1,436.1)
Properties, plants and equipment, net 1,514.9 1,526.9
Total assets 5,566.6 5,510.9
Current liabilities    
Accounts payable 468.0 450.7
Accrued payroll and employee benefits 94.6 122.3
Restructuring reserves 19.4 21.6
Current portion of long-term debt 133.6 123.1
Short-term borrowings 46.2 28.4
Other current liabilities 176.9 158.4
Current portion of operating lease liabilities 51.8 52.3
Total current liabilities 990.5 1,000.1
Long-term liabilities    
Long-term debt 2,359.6 2,335.5
Operating lease liabilities 250.5 257.7
Deferred tax liabilities 364.8 339.2
Pension liabilities 111.1 137.7
Postretirement benefit obligations 11.6 11.6
Contingent liabilities and environmental reserves 19.7 20.2
Mandatorily redeemable noncontrolling interests 8.4 8.4
Long-term income tax payable 27.8 27.8
Other long-term liabilities 140.8 152.0
Total long-term liabilities 3,294.3 3,290.1
Commitments and contingencies (Note 8)
Redeemable noncontrolling interests 19.2 20.0
Equity    
Common stock, without par value 175.4 170.2
Treasury stock, at cost (134.2) (134.4)
Retained earnings 1,542.0 1,543.9
Accumulated other comprehensive loss, net of tax:    
Total Greif, Inc. shareholders' equity 1,205.3 1,152.2
Noncontrolling interests 57.3 48.5
Total shareholders' equity 1,262.6 1,200.7
Total liabilities and shareholders' equity 5,566.6 5,510.9
Foreign Currency Translation    
Accumulated other comprehensive loss, net of tax:    
Total Greif, Inc. shareholders' equity (269.9) (294.9)
Derivative Financial Instruments    
Accumulated other comprehensive loss, net of tax:    
Total Greif, Inc. shareholders' equity (22.8) (24.7)
Minimum Pension Liability Adjustment    
Accumulated other comprehensive loss, net of tax:    
Total Greif, Inc. shareholders' equity (85.2) (107.9)
Held by special purpose entities    
Inventories:    
Other current assets 0.0 50.9
Current liabilities    
Other current liabilities $ 0.0 $ 43.3