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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Net sales $ 5,218.6 $ 6,349.5 $ 5,556.1
Costs of products sold 4,072.5 5,064.1 4,463.1
Gross profit 1,146.1 1,285.4 1,093.0
Selling, general and administrative expenses 549.1 581.0 565.9
Acquisition and integration related costs 19.0 8.7 9.1
Restructuring charges 18.7 13.0 23.1
Timberland gains, net 0.0 0.0 (95.7)
Non-cash asset impairment charges 20.3 71.0 8.9
Gain on disposal of properties, plants and equipment, net (2.5) (8.1) (3.7)
(Gain) loss on disposals of businesses, net (64.0) (1.4) 0.2
Operating profit 605.5 621.2 585.2
Interest expense, net 96.3 61.2 92.7
Non-cash pension settlement charges 3.5 0.0 9.1
Debt extinguishment charges 0.0 25.4 0.0
Other expense, net 11.0 8.9 4.8
Income before income tax expense and equity earnings of unconsolidated affiliates, net 494.7 525.7 478.6
Income tax expense 117.8 137.1 69.6
Equity earnings of unconsolidated affiliates, net of tax (2.2) (5.4) (4.2)
Net income 379.1 394.0 413.2
Net income attributable to noncontrolling interests (19.9) (17.3) (22.5)
Net income attributable to Greif, Inc. $ 359.2 $ 376.7 $ 390.7
Class A common stock      
Basic earnings per share attributable to Greif, Inc. common shareholders:      
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 6.22 $ 6.36 $ 6.57
Diluted earnings per share attributed to Greif, Inc. common shareholders:      
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) 6.15 6.30 6.54
Class B common stock      
Basic earnings per share attributable to Greif, Inc. common shareholders:      
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) 9.32 9.53 9.84
Diluted earnings per share attributed to Greif, Inc. common shareholders:      
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 9.32 $ 9.53 $ 9.84