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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jan. 31, 2022
Oct. 31, 2021
Current assets    
Cash and cash equivalents $ 119.7 $ 124.6
Trade accounts receivable, net of allowance 816.1 889.5
Inventories:    
Raw materials 391.6 390.7
Work-in-process 0.0 1.5
Finished goods 96.7 107.0
Assets held for sale 139.8 6.9
Prepaid expenses 51.9 54.0
Other current assets 88.2 89.9
Total current assets 1,704.0 1,664.1
Long-term assets    
Goodwill 1,500.5 1,515.4
Other intangible assets, net of amortization 628.0 648.4
Deferred tax assets 7.5 16.3
Pension asset 50.3 39.9
Operating lease assets 287.0 289.4
Other long-term assets 132.5 121.1
Total long term assets, excluding properties, plants and equipment 2,605.8 2,630.5
Properties, plants and equipment    
Timber properties, net of depletion 227.6 224.6
Land 159.9 161.9
Buildings 531.7 543.8
Machinery and equipment 1,977.8 2,042.3
Capital projects in progress 131.3 137.2
Properties, plants and equipment, gross 3,028.3 3,109.8
Accumulated depreciation (1,571.5) (1,588.6)
Properties, plants and equipment, net 1,456.8 1,521.2
Total assets 5,766.6 5,815.8
Current liabilities    
Accounts payable 619.6 704.5
Accrued payroll and employee benefits 102.1 160.3
Restructuring reserves 17.0 20.3
Current portion of long-term debt 120.3 120.3
Short-term borrowings 37.4 50.5
Liabilities held for sale 83.5 0.9
Current portion of operating lease liabilities 54.3 54.0
Other current liabilities 246.3 203.3
Total current liabilities 1,280.5 1,314.1
Long-term liabilities    
Long-term debt 2,139.1 2,054.8
Operating lease liabilities 237.0 239.5
Deferred tax liabilities 319.1 318.0
Pension liabilities 73.0 78.3
Postretirement benefit obligations 10.9 11.0
Contingent liabilities and environmental reserves 20.4 19.5
Long-term income tax payable 27.8 27.8
Other long-term liabilities 82.4 153.1
Total long-term liabilities 2,909.7 2,902.0
Commitments and contingencies (Note 8)
Redeemable noncontrolling interests 19.1 24.1
Equity    
Common stock, without par value 183.2 179.3
Treasury stock, at cost (134.0) (134.1)
Retained earnings 1,812.9 1,825.6
Accumulated other comprehensive loss, net of tax:    
Foreign currency translation (322.6) (295.4)
Derivative financial instruments 8.2 (3.6)
Minimum pension liabilities (54.4) (57.5)
Total Greif, Inc. shareholders' equity 1,493.3 1,514.3
Noncontrolling interests 64.0 61.3
Total shareholders' equity 1,557.3 1,575.6
Total liabilities and shareholders' equity $ 5,766.6 $ 5,815.8