XML 19 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 31, 2021
Oct. 31, 2020
Current assets    
Cash and cash equivalents $ 124.6 $ 105.9
Trade accounts receivable, net of allowance 889.5 636.6
Inventories:    
Raw materials 390.7 208.4
Work-in-process 1.5 5.4
Finished goods 107.0 79.8
Assets held for sale 6.9 57.0
Assets held by special purpose entities and other current assets 89.9 115.8
Prepaid expenses 54.0 43.0
Other current assets 89.9 115.8
Total current assets 1,664.1 1,302.8
Long-term assets    
Goodwill 1,515.4 1,518.4
Other intangible assets, net of amortization 648.4 715.3
Deferred tax assets 16.3 11.3
Pension assets 39.9 29.5
Operating lease assets 289.4 307.5
Other long-term assets 121.1 99.2
Total long-term assets 2,630.5 2,681.2
Properties, plants and equipment    
Timber properties, net of depletion 224.6 224.5
Land 161.9 162.6
Buildings 543.8 524.7
Machinery and equipment 2,042.3 1,930.6
Capital projects in progress 137.2 120.6
Properties, plants and equipment, gross 3,109.8 2,963.0
Accumulated depreciation (1,588.6) (1,436.1)
Properties, plants and equipment, net 1,521.2 1,526.9
Total assets 5,815.8 5,510.9
Current liabilities    
Accounts payable 704.5 450.7
Accrued payroll and employee benefits 160.3 122.3
Restructuring reserves 20.3 21.6
Current portion of long-term debt 120.3 123.1
Short-term borrowings 50.5 28.4
Liabilities held for sale 0.9 0.0
Liabilities held by special purpose entities 203.3 158.4
Current portion of operating lease liabilities 54.0 52.3
Other current liabilities 203.3 158.4
Total current liabilities 1,314.1 1,000.1
Long-term liabilities    
Long-term debt 2,054.8 2,335.5
Operating lease liabilities 239.5 257.7
Deferred tax liabilities 318.0 339.2
Pension liabilities 78.3 137.7
Post-retirement benefit obligations 11.0 11.6
Contingent liabilities and environmental reserves 19.5 20.2
Long-term income tax payable 27.8 27.8
Other long-term liabilities 153.1 160.4
Total long-term liabilities 2,902.0 3,290.1
Commitments and Contingencies (Note 10)
Redeemable Noncontrolling Interests (Note 15) 24.1 20.0
Equity    
Common stock, without par value 179.3 170.2
Treasury stock, at cost (134.1) (134.4)
Retained earnings 1,825.6 1,543.9
Accumulated other comprehensive income (loss), net of tax:    
Foreign currency translation (295.4) (294.9)
Derivative financial instruments (3.6) (24.7)
Minimum pension liabilities (57.5) (107.9)
Total Greif, Inc. shareholders’ equity 1,514.3 1,152.2
Noncontrolling interests 61.3 48.5
Total shareholders’ equity 1,575.6 1,200.7
Total liabilities and shareholders’ equity 5,815.8 5,510.9
Variable Interest Entity, Primary Beneficiary    
Inventories:    
Assets held by special purpose entities and other current assets 0.0 50.9
Other current assets 0.0 50.9
Current liabilities    
Liabilities held by special purpose entities 0.0 43.3
Other current liabilities $ 0.0 $ 43.3