XML 108 R75.htm IDEA: XBRL DOCUMENT v2.4.0.8
Correction of Errors - Stated and Corrected Balances of Previous Years (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended 12 Months Ended
Jul. 31, 2013
Apr. 30, 2013
Jan. 31, 2013
Jul. 31, 2012
Jul. 31, 2013
Jul. 31, 2012
Oct. 31, 2012
Oct. 31, 2011
Cost of products sold $ 912.4   $ 821.9 $ 900.7 $ 2,620.6 $ 2,608.9 $ 3,489.9 $ 3,449.9
Gross profit 217.3   186.7 202.2 606.6 585.0 779.6 798.3
Selling, general and administrative expenses 118.2     116.8 362.7 349.8 471.0 453.7
Operating profit 96.7   64.0 84.8 244.6 218.7 282.8 330.2
Income before income tax expense and equity earnings of unconsolidated affiliates, net 73.5   38.0 64.7 173.2 149.9 185.4 240.1
Income tax expense 25.9 19.6 13.2 25.0 58.7 52.2 58.8 67.3
Net income 48.8 42.3 24.9 39.0 116.0 99.0 127.9 177.6
Net income attributable to Greif, Inc. 46.7 40.2 23.6 37.5 110.5 96.6 122.4 174.7
Current assets                
Cash and cash equivalents 94.9     91.5 94.9 91.5 91.5 127.3
Trade accounts receivable, less allowance 489.2       489.2   453.8  
Inventories 399.8       399.8   373.5  
Prepaid expenses and other current assets 129.2       129.2   114.8 130.7
Diluted earnings per share attributable to Greif, Inc. common shareholders:                
Total assets 3,894.2       3,894.2   3,853.4 4,186.9
Current liabilities                
Other current liabilities 205.0       205.0   187.9 170.5
Long-term liabilities                
Other long-term liabilities 108.8       108.8   117.0 206.8
Shareholders' equity                
Retained earnings 1,431.7       1,431.7   1,394.8 1,370.1
Total liabilities and shareholders' equity 3,894.2       3,894.2   3,853.4 4,186.9
Class A Common Stock [Member]
               
Basic earnings per share attributable to Greif, Inc. common shareholders:                
EPS Basic $ 0.80 $ 0.69 $ 0.41 $ 0.64 $ 1.89 $ 1.66 $ 2.10 $ 3.00
Diluted earnings per share attributable to Greif, Inc. common shareholders:                
EPS Diluted $ 0.80 $ 0.69 $ 0.41 $ 0.64 $ 1.89 $ 1.66 $ 2.10 $ 2.99
Class B Common Stock [Member]
               
Basic earnings per share attributable to Greif, Inc. common shareholders:                
EPS Basic $ 1.20 $ 1.03 $ 0.60 $ 0.96 $ 2.83 $ 2.48 $ 3.14 $ 4.48
Diluted earnings per share attributable to Greif, Inc. common shareholders:                
EPS Diluted $ 1.20 $ 1.03 $ 0.60 $ 0.96 $ 2.83 $ 2.48 $ 3.14 $ 4.48
As Reported [Member]
               
Cost of products sold     821.3     2,608.8 3,489.8 3,449.8
Gross profit     187.3     585.1 779.7 798.4
Selling, general and administrative expenses       116.4   348.6 469.4 453.3
Operating profit     64.6 85.2   220.0 284.5 330.7
Income before income tax expense and equity earnings of unconsolidated affiliates, net     38.6 65.1   151.2 187.1 240.6
Income tax expense   18.9 12.5 24.4   50.5 56.8 65.0
Net income   43.0 26.2 40.0   102.0 131.6 180.4
Net income attributable to Greif, Inc.   40.9 24.9 38.5   99.6 126.1 177.5
Current assets                
Cash and cash equivalents             91.7 127.4
Trade accounts receivable, less allowance             453.9  
Inventories             374.3  
Prepaid expenses and other current assets             117.2 132.5
Diluted earnings per share attributable to Greif, Inc. common shareholders:                
Total assets             3,856.9 4,188.8
Current liabilities                
Other current liabilities             182.6 166.9
Long-term liabilities                
Other long-term liabilities             116.2 206.4
Shareholders' equity                
Retained earnings             1,404.4 1,376.0
Total liabilities and shareholders' equity             3,856.9 4,188.8
As Reported [Member] | Class A Common Stock [Member]
               
Basic earnings per share attributable to Greif, Inc. common shareholders:                
EPS Basic   $ 0.70 $ 0.43 $ 0.66   $ 1.71 $ 2.17 $ 3.05
Diluted earnings per share attributable to Greif, Inc. common shareholders:                
EPS Diluted   $ 0.70 $ 0.43 $ 0.66   $ 1.71 $ 2.17 $ 3.04
As Reported [Member] | Class B Common Stock [Member]
               
Basic earnings per share attributable to Greif, Inc. common shareholders:                
EPS Basic   $ 1.05 $ 0.63 $ 0.99   $ 2.56 $ 3.24 $ 4.56
Diluted earnings per share attributable to Greif, Inc. common shareholders:                
EPS Diluted   $ 1.05 $ 0.63 $ 0.99   $ 2.56 $ 3.24 $ 4.56
Adjustments [Member]
               
Cost of products sold     0.6     0.1 0.1 0.1
Gross profit     (0.6)     (0.1) (0.1) (0.1)
Selling, general and administrative expenses       0.4   1.2 1.6 0.4
Operating profit     (0.6) (0.4)   (1.3) (1.7) (0.5)
Income before income tax expense and equity earnings of unconsolidated affiliates, net     (0.6) (0.4)   (1.3) (1.7) (0.5)
Income tax expense   0.7 0.7 0.6   1.7 2.0 2.3
Net income   (0.7) (1.3) (1.0)   (3.0) (3.7) (2.8)
Net income attributable to Greif, Inc.   (0.7) (1.3) (1.0)   (3.0) (3.7) (2.8)
Current assets                
Cash and cash equivalents             (0.2) (0.1)
Trade accounts receivable, less allowance             (0.1)  
Inventories             (0.8)  
Prepaid expenses and other current assets             (2.4) (1.8)
Diluted earnings per share attributable to Greif, Inc. common shareholders:                
Total assets             (3.5) (1.9)
Current liabilities                
Other current liabilities             5.3 3.6
Long-term liabilities                
Other long-term liabilities             0.8 0.4
Shareholders' equity                
Retained earnings             (9.6) (5.9)
Total liabilities and shareholders' equity             $ (3.5) $ (1.9)
Adjustments [Member] | Class A Common Stock [Member]
               
Basic earnings per share attributable to Greif, Inc. common shareholders:                
EPS Basic   $ (0.01) $ (0.02) $ (0.02)   $ (0.05) $ (0.07) $ (0.05)
Diluted earnings per share attributable to Greif, Inc. common shareholders:                
EPS Diluted   $ (0.01) $ (0.02) $ (0.02)   $ (0.05) $ (0.07) $ (0.05)
Adjustments [Member] | Class B Common Stock [Member]
               
Basic earnings per share attributable to Greif, Inc. common shareholders:                
EPS Basic   $ (0.02) $ (0.03) $ (0.03)   $ (0.08) $ (0.10) $ (0.08)
Diluted earnings per share attributable to Greif, Inc. common shareholders:                
EPS Diluted   $ (0.02) $ (0.03) $ (0.03)   $ (0.08) $ (0.10) $ (0.08)