BUSINESS SEGMENT INFORMATION

3 Months Ended

Jan. 31, 2024

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION

The Company has six operating segments, which are aggregated into three reportable business segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management.

The Company’s reportable business segments offer different products and services. The accounting policies of the reportable business segments are substantially the same as those described in the “Basis of Presentation and Summary of Significant Accounting Policies” note in the 2023 Form 10-K.

The following tables present net sales disaggregated by geographic area for each reportable segment for the three months ended January 31, 2024:

	Three Months Ended January 31, 2024
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	253.7	$	294.7	$	138.2	$	686.6
Paper Packaging & Services	505.5		—		9.1		514.6
Land Management	4.6		—		—		4.6
Total net sales	$	763.8	$	294.7	$	147.3	$	1,205.8

The following tables present net sales disaggregated by geographic area for each reportable segment for the three months ended January 31, 2023:

	Three Months Ended January 31, 2023
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	259.3	$	314.8	$	131.7	$	705.8
Paper Packaging & Services	550.5		—		9.7		560.2
Land Management	5.0		—		—		5.0
Total net sales	$	814.8	$	314.8	$	141.4	$	1,271.0

The following segment information is presented for the periods indicated:

	Three Months Ended January 31,
(in millions)	2024		2023
Operating profit:
Global Industrial Packaging	$	50.9	$	45.9
Paper Packaging & Services	16.8		109.1
Land Management	1.2		1.4
Total operating profit	$	68.9	$	156.4
Depreciation, depletion and amortization expense:
Global Industrial Packaging	$	25.4	$	21.4
Paper Packaging & Services	34.5		33.1
Land Management	0.5		0.6
Total depreciation, depletion and amortization expense	$	60.4	$	55.1

The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:

(in millions)	January 31, 2024		October 31, 2023
Assets:
Global Industrial Packaging	$	2,749.8	$	2,737.5
Paper Packaging & Services	2,545.7		2,541.1
Land Management	255.1		253.2
Total segments	5,550.6		5,531.8
Corporate and other	418.5		429.0
Total assets	$	5,969.1	$	5,960.8
Property, plant and equipment, net and lease right-of-use assets:
United States	$	1,474.7	$	1,468.6
Europe, Middle East and Africa	318.9		311.9
Asia Pacific and other Americas	107.1		102.9
Total long-lived assets, net	$	1,900.7	$	1,883.4