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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Apr. 30, 2023
Oct. 31, 2022
Current assets    
Cash and cash equivalents $ 158.5 $ 147.1
Trade accounts receivable, net of allowance 727.0 749.1
Inventories:    
Raw materials 302.9 316.0
Finished goods 97.3 87.3
Assets held for sale 1.8 1.3
Prepaid expenses 58.1 57.3
Other current assets 136.1 141.3
Total current assets 1,481.7 1,499.4
Long-term assets    
Goodwill 1,649.8 1,464.5
Other intangible assets, net of amortization 762.8 576.2
Deferred tax assets 10.9 10.1
Pension asset 47.2 30.8
Operating lease assets 272.1 254.7
Finance lease assets 32.5 1.2
Other long-term assets 136.9 178.0
Total long term assets 2,912.2 2,515.5
Properties, plants and equipment    
Timber properties, net of depletion 228.0 226.8
Land 158.2 154.8
Buildings 540.7 515.1
Machinery and equipment 2,085.1 1,968.3
Capital projects in progress 196.6 182.9
Properties, plants and equipment, gross 3,208.6 3,047.9
Accumulated depreciation (1,691.0) (1,592.9)
Properties, plants and equipment, net 1,517.6 1,455.0
Total assets 5,911.5 5,469.9
Current liabilities    
Accounts payable 502.4 561.3
Accrued payroll and employee benefits 121.5 174.4
Restructuring reserves 12.2 12.3
Current portion of long-term debt 80.8 71.1
Short-term borrowings 2.3 5.7
Current portion of operating lease liabilities 50.9 48.9
Current portion of finance lease liabilities 3.3 0.9
Other current liabilities 164.0 173.3
Total current liabilities 937.4 1,047.9
Long-term liabilities    
Long-term debt 2,206.1 1,839.3
Operating lease liabilities 224.6 209.4
Finance lease liabilities 29.7 0.2
Deferred tax liabilities 333.4 343.6
Pension liabilities 61.0 58.0
Postretirement benefit obligations 7.1 7.2
Contingent liabilities and environmental reserves 19.8 19.0
Long-term income tax payable 25.6 25.6
Other long-term liabilities 99.2 109.6
Total long-term liabilities 3,006.5 2,611.9
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests 52.7 15.8
Equity    
Common stock, without par value 205.8 173.5
Treasury stock, at cost (277.6) (205.1)
Retained earnings 2,239.7 2,095.2
Accumulated other comprehensive loss, net of tax:    
Foreign currency translation (267.7) (316.5)
Derivative financial instruments 42.0 72.8
Minimum pension liabilities (62.4) (58.6)
Total Greif, Inc. shareholders’ equity 1,879.8 1,761.3
Noncontrolling interests 35.1 33.0
Total shareholders’ equity 1,914.9 1,794.3
Total liabilities and shareholders’ equity $ 5,911.5 $ 5,469.9