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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Apr. 30, 2021
Oct. 31, 2020
Current assets    
Cash and cash equivalents $ 110.4 $ 105.9
Trade accounts receivable, less allowance of $6.5 in 2021 and $9.4 in 2020 751.1 636.6
Inventories:    
Raw materials 279.7 208.4
Work-in-process 1.6 5.4
Finished goods 90.6 79.8
Assets held for sale 9.2 57.0
Other current assets 81.4 115.8
Prepaid expenses 58.7 43.0
Total current assets 1,382.7 1,302.8
Long-term assets    
Goodwill 1,531.2 1,518.4
Other intangible assets, net of amortization 683.2 715.3
Deferred tax assets 28.0 11.3
Pension asset 43.2 29.5
Operating lease assets 299.7 307.5
Other long-term assets 120.8 99.2
Total long term assets, excluding properties, plants and equipment 2,706.1 2,681.2
Properties, plants and equipment    
Timber properties, net of depletion 223.3 224.5
Land 164.5 162.6
Buildings 539.3 524.7
Machinery and equipment 2,004.8 1,930.6
Capital projects in progress 115.7 120.6
Properties, plants and equipment, gross 3,047.6 2,963.0
Accumulated depreciation (1,548.5) (1,436.1)
Properties, plants and equipment, net 1,499.1 1,526.9
Total assets 5,587.9 5,510.9
Current liabilities    
Accounts payable 579.6 450.7
Accrued payroll and employee benefits 118.3 122.3
Restructuring reserves 21.6 21.6
Current portion of long-term debt 114.1 123.1
Short-term borrowings 44.7 28.4
Other current liabilities 173.9 158.4
Current portion of operating lease liabilities 52.7 52.3
Mandatorily redeemable noncontrolling interests 5.0 0.0
Total current liabilities 1,109.9 1,000.1
Long-term liabilities    
Long-term debt 2,154.6 2,335.5
Operating lease liabilities 249.6 257.7
Deferred tax liabilities 336.4 339.2
Pension liabilities 83.7 137.7
Postretirement benefit obligations 11.4 11.6
Contingent liabilities and environmental reserves 19.5 20.2
Mandatorily redeemable noncontrolling interests 3.4 8.4
Long-term income tax payable 27.8 27.8
Other long-term liabilities 142.6 152.0
Total long-term liabilities 3,029.0 3,290.1
Commitments and contingencies (Note 8)
Redeemable noncontrolling interests 19.3 20.0
Equity    
Common stock, without par value 177.6 170.2
Treasury stock, at cost (134.1) (134.4)
Retained earnings 1,666.1 1,543.9
Accumulated other comprehensive loss, net of tax:    
Total Greif, Inc. shareholders' equity 1,374.2 1,152.2
Noncontrolling interests 55.5 48.5
Total shareholders' equity 1,429.7 1,200.7
Total liabilities and shareholders' equity 5,587.9 5,510.9
Foreign Currency Translation    
Accumulated other comprehensive loss, net of tax:    
Total Greif, Inc. shareholders' equity (261.3) (294.9)
Derivative Financial Instruments    
Accumulated other comprehensive loss, net of tax:    
Total Greif, Inc. shareholders' equity (13.3) (24.7)
Minimum Pension Liability Adjustment    
Accumulated other comprehensive loss, net of tax:    
Total Greif, Inc. shareholders' equity (60.8) (107.9)
Held by special purpose entities    
Inventories:    
Other current assets 0.0 50.9
Current liabilities    
Other current liabilities $ 0.0 $ 43.3