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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Executive Officer
Director
Class A common stock
Class B common stock
Greif, Inc. Equity
Greif, Inc. Equity
Executive Officer
Greif, Inc. Equity
Director
Capital Stock
Capital Stock
Executive Officer
Capital Stock
Director
Treasury Stock
Treasury Stock
Executive Officer
Treasury Stock
Director
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non controlling Interests
Beginning balance (shares) at Oct. 31, 2019                 48,266,000                
Beginning balance, treasury stock (shares) at Oct. 31, 2019                       28,576,000          
Beginning balance, value at Oct. 31, 2019 $ 1,191.1         $ 1,133.1     $ 162.6     $ (134.8)     $ 1,539.0 $ (433.7) $ 58.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Net income 124.3         108.8                 108.8   15.5
Other comprehensive income (loss):                                  
Foreign currency translation (9.8) [1]         3.1                   3.1 (12.9)
Derivative financial instruments, net of income tax expense (benefit) (12.0)         (12.0)                   (12.0)  
Minimum pension liability adjustment, net of income tax expense (benefit) 15.1         15.1                   15.1  
Comprehensive income 117.6         115.0                      
Current period mark to redemption value of redeemable noncontrolling interest and other 0.4         0.4                 0.4    
Net income allocated to redeemable noncontrolling interests (0.1)                               (0.1)
Dividends paid to Greif, Inc., (104.3)         (104.3)                 (104.3)    
Dividends paid to noncontrolling interests and other (12.0)                               (12.0)
Long-term incentive shares issued (shares)                 153,000     (153,000)          
Long-term incentive shares issued 5.3         5.3     $ 5.0     $ 0.3          
Share based compensation 1.5         1.5     $ 1.5                
Restricted stock executives and directors (shares)                   3,000 28,000   (3,000) (28,000)      
Restricted stock executives and directors   $ 0.1 $ 1.1       $ 0.1 $ 1.1   $ 0.1 $ 1.0     $ 0.1      
Ending balance (shares) at Oct. 31, 2020                 48,450,000                
Ending balance, treasury stock (shares) at Oct. 31, 2020                       28,392,000          
Ending balance, value 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 413.2         390.7                 390.7   22.5
Other comprehensive income (loss):                                  
Foreign currency translation (1.6) [1]         (0.5)                   (0.5) (1.1)
Derivative financial instruments, net of income tax expense (benefit) 21.1         21.1                   21.1  
Minimum pension liability adjustment, net of income tax expense (benefit) 50.4         50.4                   50.4  
Comprehensive income 483.1         461.7                      
Current period mark to redemption value of redeemable noncontrolling interest and other (2.6)         (2.6)                 (2.6)    
Net income allocated to redeemable noncontrolling interests (2.4)                               (2.4)
Dividends paid to Greif, Inc., (105.8)         (105.8)                 (105.8)    
Dividends paid to noncontrolling interests and other (6.2)                               (6.2)
Dividends earned on RSU shares (0.6)         (0.6)                 (0.6)    
Long-term incentive shares issued (shares)                 80,000     (80,000)          
Long-term incentive shares issued 4.1         4.1     $ 3.9     $ 0.2          
Share based compensation 3.9         3.9     $ 3.9                
Restricted stock executives and directors (shares)                   3,000 26,000   (3,000) (26,000)      
Restricted stock executives and directors   0.1 1.3       0.1 1.3   $ 0.1 $ 1.2     $ 0.1      
Ending balance (shares) at Oct. 31, 2021       26,550,924 22,007,725       48,559,000                
Ending balance, treasury stock (shares) at Oct. 31, 2021                       28,283,000          
Ending balance, value 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 394.0         376.7                 376.7   17.3
Other comprehensive income (loss):                                  
Foreign currency translation (27.9) [1]         (21.1)                   (21.1) (6.8)
Derivative financial instruments, net of income tax expense (benefit) 76.4         76.4                   76.4  
Minimum pension liability adjustment, net of income tax expense (benefit) (1.1)         (1.1)                   (1.1)  
Comprehensive income 441.4         430.9                      
Divestment of noncontrolling interest (23.3)                               (23.3)
Current period mark to redemption value of redeemable noncontrolling interest and other 5.5         5.5                 5.5    
Net income allocated to redeemable noncontrolling interests (0.1)                               (0.1)
Dividends paid to Greif, Inc., (111.3)         (111.3)                 (111.3)    
Dividends paid to noncontrolling interests and other (15.4)                               (15.4)
Dividends earned on RSU shares $ (1.3)         (1.3)                 (1.3)    
Share repurchases (shares) (170,980)               (1,192,000)     1,192,000          
Share repurchases $ (86.1)         (86.1)     $ (15.0)     $ (71.1)          
Long-term incentive shares issued (shares)                 51,000     (51,000)          
Long-term incentive shares issued 3.1         3.1     $ 3.0     $ 0.1          
Share based compensation 4.9         4.9     $ 4.9                
Restricted stock executives and directors (shares)                   3,000 22,000   (3,000) (22,000)      
Restricted stock executives and directors   $ 0.1 $ 1.2       $ 0.1 $ 1.2   $ 0.1 $ 1.2   $ 0.0 $ 0.0      
Ending balance (shares) at Oct. 31, 2022       25,606,287 21,836,745       47,443,000                
Ending balance, treasury stock (shares) at Oct. 31, 2022                       29,399,000          
Ending balance, value at Oct. 31, 2022 $ 1,794.3         $ 1,761.3     $ 173.5     $ (205.1)     $ 2,095.2 $ (302.3) $ 33.0
[1] Year ended October 31, 2022 amount includes $113.1 million release of foreign currency translation from business divestment.