XML 76 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Oct. 31, 2011
Oct. 31, 2010
Current assets    
Cash and cash equivalents $ 127,413 $ 106,957 [1]
Trade accounts receivable, less allowance of $13,754 in 2011 and $13,311 in 2010 568,624 480,158 [1]
Inventories 432,518 396,572 [1]
Deferred tax assets 23,654 19,526 [1]
Net assets held for sale 11,381 11,742 [1]
Current portion related party notes receivable 1,714 0 [1]
Prepaid expenses and other current assets 140,033 134,269 [1]
Total current assets 1,305,337 1,149,224 [1]
Long-term assets    
Goodwill 1,004,875 709,725 [1]
Other intangible assets, net of amortization 229,790 173,239 [1]
Deferred tax assets 70,630 29,982 [1]
Related party notes receivable 18,310 0 [1]
Assets held by special purpose entities 50,891 50,891 [1]
Other long-term assets 92,160 93,603 [1]
Total long-term assets 1,466,656 1,057,440 [1]
Properties, plants and equipment    
Timber properties, net of depletion 216,026 215,537 [1]
Land 123,131 121,409 [1]
Buildings 480,399 411,437 [1]
Machinery and equipment 1,388,941 1,319,262 [1]
Capital projects in progress 139,963 112,300 [1]
Property, Plant and Equipment, Gross 2,348,460 2,179,945 [1]
Accumulated depreciation (913,171) (888,164) [1]
Properties, plants and equipment, net 1,435,289 1,291,781 [1]
Total assets 4,207,282 3,498,445 [1]
Current liabilities    
Accounts payable 487,783 467,857 [1]
Accrued payroll and employee benefits 99,794 90,887 [1]
Restructuring reserves 19,607 20,238 [1]
Current portion of long-term debt 12,500 12,523 [1]
Short-term borrowings 137,334 60,908 [1]
Deferred tax liabilities 5,055 5,091 [1]
Other current liabilities 167,695 123,854 [1]
Total current liabilities 929,768 781,358 [1]
Long-term liabilities    
Long-term debt 1,345,138 953,066 [1]
Deferred tax liabilities 196,696 180,486 [1]
Pension liabilities 76,088 65,915 [1]
Postretirement benefit obligations 20,909 21,555 [1]
Liabilities held by special purpose entities 43,250 43,250 [1]
Other long-term liabilities 203,260 116,930 [1]
Total long-term liabilities 1,885,341 1,381,202 [1]
Shareholders' equity    
Common stock, without par value 113,799 106,057 [1]
Treasury stock, at cost (131,997) (117,394) [1]
Retained earnings 1,401,700 1,323,477 [1]
Accumulated other comprehensive income (loss):    
foreign currency translation (46,354) 388 [1]
interest rate and other derivatives (121) (1,505) [1]
minimum pension liabilities (101,676) (76,526) [1]
Total Greif, Inc. shareholders' equity 1,235,351 1,234,497 [1]
Noncontrolling interests 156,822 101,388 [1]
Total shareholders' equity 1,392,173 1,335,885 [1]
Total liabilities and shareholders' equity $ 4,207,282 $ 3,498,445 [1]
[1] The consolidated balance sheet as of October 31, 2010 and the consolidated statements of changes in shareholders' equity as of October 31, 2009 and 2010 have been restated to correct prior period errors. The corrections did not impact total assets, consolidated net income, or cash flows of the Company. Refer to Note 19 for additional discussion.