XML 74 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Oct. 31, 2014
Oct. 31, 2013
Oct. 31, 2012
Net sales $ 4,239.1us-gaap_SalesRevenueNet $ 4,219.9us-gaap_SalesRevenueNet $ 4,129.5us-gaap_SalesRevenueNet
Costs of products sold 3,428.1us-gaap_CostOfGoodsAndServicesSold 3,387.7us-gaap_CostOfGoodsAndServicesSold 3,350.0us-gaap_CostOfGoodsAndServicesSold
Gross profit 811.0us-gaap_GrossProfit 832.2us-gaap_GrossProfit 779.5us-gaap_GrossProfit
Selling, general and administrative expenses 496.7us-gaap_SellingGeneralAndAdministrativeExpense 477.3us-gaap_SellingGeneralAndAdministrativeExpense 469.8us-gaap_SellingGeneralAndAdministrativeExpense
Restructuring charges 16.1us-gaap_RestructuringCharges 4.8us-gaap_RestructuringCharges 23.1us-gaap_RestructuringCharges
Timberland gains (17.1)us-gaap_GainLossOnSaleOfTimberProperty (17.3)us-gaap_GainLossOnSaleOfTimberProperty 0us-gaap_GainLossOnSaleOfTimberProperty
Non-cash asset impairment charges 35.5us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 31.4us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 13.2us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
Goodwill impairment charges 50.3us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss 0us-gaap_GoodwillImpairmentLoss
Gain on disposal of properties, plants and equipment, net (8.3)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (5.6)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (7.6)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Gain on disposal of businesses, net (11.5)us-gaap_GainLossOnDispositionOfAssets1    
Operating profit 249.3us-gaap_OperatingIncomeLoss 341.6us-gaap_OperatingIncomeLoss 281.0us-gaap_OperatingIncomeLoss
Interest expense, net 81.8us-gaap_InterestIncomeExpenseNonoperatingNet 83.8us-gaap_InterestIncomeExpenseNonoperatingNet 89.9us-gaap_InterestIncomeExpenseNonoperatingNet
Debt extinguishment charges 0us-gaap_GainsLossesOnExtinguishmentOfDebt 1.3us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Other expense, net 9.5us-gaap_OtherNonoperatingIncomeExpense 13.1us-gaap_OtherNonoperatingIncomeExpense 7.7us-gaap_OtherNonoperatingIncomeExpense
Income before income tax expense and equity earnings of unconsolidated affiliates, net 158.0us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 243.4us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 183.4us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 115.0us-gaap_IncomeTaxExpenseBenefit 98.8us-gaap_IncomeTaxExpenseBenefit 61.1us-gaap_IncomeTaxExpenseBenefit
Equity earnings of unconsolidated affiliates, net of tax 1.9us-gaap_IncomeLossFromEquityMethodInvestments 2.9us-gaap_IncomeLossFromEquityMethodInvestments 1.3us-gaap_IncomeLossFromEquityMethodInvestments
Net income 44.9us-gaap_ProfitLoss 147.5us-gaap_ProfitLoss 123.6us-gaap_ProfitLoss
Net (income) loss attributable to noncontrolling interests 46.6us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (2.8)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (5.5)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Greif, Inc. $ 91.5us-gaap_NetIncomeLoss $ 144.7us-gaap_NetIncomeLoss $ 118.1us-gaap_NetIncomeLoss
Class A Common Stock [Member]      
Basic earnings per share attributable to Greif, Inc.:      
EPS Basic $ 1.56us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
$ 2.47us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
$ 2.03us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Diluted earnings per share attributed to Greif, Inc.:      
EPS Diluted $ 1.56us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
$ 2.47us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
$ 2.03us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Class B Common Stock [Member]      
Basic earnings per share attributable to Greif, Inc.:      
EPS Basic $ 2.33us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 3.70us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 3.03us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
Diluted earnings per share attributed to Greif, Inc.:      
EPS Diluted $ 2.33us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 3.70us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 3.03us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember