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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
Total
Executive
Directors
Greif, Inc. Equity
Greif, Inc. Equity
Executive
Greif, Inc. Equity
Directors
Capital Stock
Capital Stock
Executive
Capital Stock
Directors
Treasury Stock
Treasury Stock
Executive
Treasury Stock
Directors
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non controlling Interests
Beginning balance (in shares) at Oct. 31, 2020             48,450     28,392          
Beginning balance at Oct. 31, 2020 $ 1,200.7     $ 1,152.2     $ 170.2     $ (134.4)     $ 1,543.9 $ (427.5) $ 48.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 184.9     173.2                 173.2   11.7
Other comprehensive income (loss):                              
Foreign currency translation 34.2 [1]     33.6                   33.6 0.6
Derivative financial instruments, net of income tax expense/benefit 11.4     11.4                   11.4  
Minimum pension liability adjustment, net of income tax expense/benefit 47.1     47.1                   47.1  
Comprehensive income 277.6     265.3                      
Current period mark to redemption value of redeemable noncontrolling interest and other 1.2     1.2                 1.2    
Net income allocated to redeemable noncontrolling interests (0.8)                           (0.8)
Dividends paid to Greif, Inc. shareholders (52.2)     (52.2)                 (52.2)    
Dividends paid to noncontrolling interests and other (4.5)                           (4.5)
Long-term incentive shares issued (in shares)             80     (80)          
Long-term incentive shares issued 4.1     4.1     $ 3.9     $ 0.2          
Share based compensation 2.2     2.2     $ 2.2                
Restricted stock (in shares)               3 26   (3) (26)      
Restricted stock   $ 0.1 $ 1.3   $ 0.1 $ 1.3   $ 0.1 $ 1.2     $ 0.1      
Ending balance (in shares) at Apr. 30, 2021             48,559     28,283          
Ending balance at Apr. 30, 2021 1,429.7     1,374.2     $ 177.6     $ (134.1)     1,666.1 (335.4) 55.5
Beginning balance (in shares) at Jan. 31, 2021             48,533     28,309          
Beginning balance at Jan. 31, 2021 1,262.6     1,205.3     $ 175.4     $ (134.2)     1,542.0 (377.9) 57.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 154.0     149.8                 149.8   4.2
Other comprehensive income (loss):                              
Foreign currency translation 6.6 [1]     8.6                   8.6 (2.0)
Derivative financial instruments, net of income tax expense/benefit 9.5     9.5                   9.5  
Minimum pension liability adjustment, net of income tax expense/benefit 24.4     24.4                   24.4  
Comprehensive income 194.5     192.3                      
Current period mark to redemption value of redeemable noncontrolling interest and other 0.6     0.6                 0.6    
Net income allocated to redeemable noncontrolling interests (0.5)                           (0.5)
Dividends paid to Greif, Inc. shareholders (26.3)     (26.3)                 (26.3)    
Dividends paid to noncontrolling interests and other (3.5)                           (3.5)
Share based compensation 1.0     1.0     $ 1.0                
Restricted stock (in shares)                 26     (26)      
Restricted stock     1.3     1.3     $ 1.2     $ 0.1      
Ending balance (in shares) at Apr. 30, 2021             48,559     28,283          
Ending balance at Apr. 30, 2021 1,429.7     1,374.2     $ 177.6     $ (134.1)     1,666.1 (335.4) 55.5
Beginning balance (in shares) at Oct. 31, 2021             48,559     28,283          
Beginning balance at Oct. 31, 2021 1,575.6     1,514.3     $ 179.3     $ (134.1)     1,825.6 (356.5) 61.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 145.3     135.4                 135.4   9.9
Other comprehensive income (loss):                              
Foreign currency translation 32.6 [1]     38.2                   38.2 (5.6)
Derivative financial instruments, net of income tax expense/benefit 35.9     35.9                   35.9  
Minimum pension liability adjustment, net of income tax expense/benefit 6.5     6.5                   6.5  
Comprehensive income 220.3     216.0                      
Divestment of noncontrolling interest (24.4)                           (24.4)
Current period mark to redemption value of redeemable noncontrolling interest and other 4.9     4.9                 4.9    
Net income allocated to redeemable noncontrolling interests 0.1                           0.1
Dividends paid to Greif, Inc. shareholders (54.6)     (54.6)                 (54.6)    
Dividends paid to noncontrolling interests and other (9.3)                           (9.3)
Dividends earned on RSU shares (1.0)     (1.0)                 (1.0)    
Long-term incentive shares issued (in shares)             52     (52)          
Long-term incentive shares issued 3.1     3.1     $ 3.0     $ 0.1          
Share based compensation 2.4     2.4     $ 2.4                
Restricted stock (in shares)               3 22   3 22      
Restricted stock   $ 0.1 1.2   $ 0.1     $ 0.1 $ 1.2            
Ending balance (in shares) at Apr. 30, 2022             48,636     28,206          
Ending balance at Apr. 30, 2022 1,718.4     1,686.4     $ 186.0     $ (134.0)     1,910.3 (275.9) 32.0
Beginning balance (in shares) at Jan. 31, 2022             48,608     28,234          
Beginning balance at Jan. 31, 2022 1,557.3     1,493.3     $ 183.2     $ (134.0)     1,812.9 (368.8) 64.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 126.7     125.1                 125.1   1.6
Other comprehensive income (loss):                              
Foreign currency translation 64.1 [1]     65.4                   65.4 (1.3)
Derivative financial instruments, net of income tax expense/benefit 24.1     24.1                   24.1  
Minimum pension liability adjustment, net of income tax expense/benefit 3.4     3.4                   3.4  
Comprehensive income 218.3     218.0                      
Divestment of noncontrolling interest (24.4)                           (24.4)
Current period mark to redemption value of redeemable noncontrolling interest and other (0.1)     (0.1)                 (0.1)    
Net income allocated to redeemable noncontrolling interests (0.3)                           (0.3)
Dividends paid to Greif, Inc. shareholders (27.4)     (27.4)                 (27.4)    
Dividends paid to noncontrolling interests and other (7.6)                           (7.6)
Dividends earned on RSU shares (0.2)     (0.2)                 (0.2)    
Long-term incentive shares issued (in shares)             6     (6)          
Long-term incentive shares issued 0.3     0.3     $ 0.3                
Share based compensation 1.3     1.3     $ 1.3                
Restricted stock (in shares)                 22     (22)      
Restricted stock     $ 1.2     $ 1.2     $ 1.2            
Ending balance (in shares) at Apr. 30, 2022             48,636     28,206          
Ending balance at Apr. 30, 2022 $ 1,718.4     $ 1,686.4     $ 186.0     $ (134.0)     $ 1,910.3 $ (275.9) $ 32.0
[1] Three and six months ended April 30, 2022 balances include $113.1 million release of foreign currency translation from business divestment.