XML 53 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended
Jan. 31, 2015
Jan. 31, 2014
Net sales $ 902.3us-gaap_SalesRevenueNet $ 1,001.5us-gaap_SalesRevenueNet
Cost of products sold 748.4us-gaap_CostOfGoodsAndServicesSold 815.4us-gaap_CostOfGoodsAndServicesSold
Gross profit 153.9us-gaap_GrossProfit 186.1us-gaap_GrossProfit
Selling, general and administrative expenses 111.8us-gaap_SellingGeneralAndAdministrativeExpense 121.3us-gaap_SellingGeneralAndAdministrativeExpense
Restructuring charges 3.2us-gaap_RestructuringCharges 2.4us-gaap_RestructuringCharges
Timberland gains (24.3)us-gaap_GainLossOnSaleOfTimberProperty (8.4)us-gaap_GainLossOnSaleOfTimberProperty
Non-cash asset impairment charges 0.2us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 0.2us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
Gain on disposal of properties, plants and equipment, net (1.6)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (2.6)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
(Gain) loss on disposal of businesses (0.8)us-gaap_GainLossOnDispositionOfAssets1 1.8us-gaap_GainLossOnDispositionOfAssets1
Operating profit 65.4us-gaap_OperatingIncomeLoss 71.4us-gaap_OperatingIncomeLoss
Interest expense, net 19.6us-gaap_InterestIncomeExpenseNonoperatingNet 20.4us-gaap_InterestIncomeExpenseNonoperatingNet
Other expense, net 0.1us-gaap_OtherNonoperatingIncomeExpense 2.8us-gaap_OtherNonoperatingIncomeExpense
Income before income tax expense and equity earnings of unconsolidated affiliates, net 45.7us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 48.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 17.5us-gaap_IncomeTaxExpenseBenefit 16.5us-gaap_IncomeTaxExpenseBenefit
Equity earnings of unconsolidated affiliates, net of tax 0us-gaap_IncomeLossFromEquityMethodInvestments 0.1us-gaap_IncomeLossFromEquityMethodInvestments
Net income 28.2us-gaap_ProfitLoss 31.8us-gaap_ProfitLoss
Net (income) loss attributable to noncontrolling interests 1.9us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (1.1)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Greif, Inc. $ 30.1us-gaap_NetIncomeLoss $ 30.7us-gaap_NetIncomeLoss
Class A Common Stock [Member]    
Basic earnings per share attributable to Greif, Inc. common shareholders:    
EPS Basic $ 0.52us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
$ 0.53us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Diluted earnings per share attributable to Greif, Inc. common shareholders:    
EPS Diluted $ 0.52us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
$ 0.53us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Weighted-average number of common shares outstanding:    
Basic 25,607,886us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
25,470,354us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Diluted 25,617,814us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
25,495,642us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Cash dividends declared per common share:    
Cash dividends per share $ 0.42us-gaap_CommonStockDividendsPerShareDeclared
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
$ 0.42us-gaap_CommonStockDividendsPerShareDeclared
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Class B Common Stock [Member]    
Basic earnings per share attributable to Greif, Inc. common shareholders:    
EPS Basic $ 0.76us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 0.78us-gaap_EarningsPerShareBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
Diluted earnings per share attributable to Greif, Inc. common shareholders:    
EPS Diluted $ 0.76us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 0.78us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
Weighted-average number of common shares outstanding:    
Basic 22,100,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
22,100,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
Diluted 22,100,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
22,100,000us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
Cash dividends declared per common share:    
Cash dividends per share $ 0.62us-gaap_CommonStockDividendsPerShareDeclared
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 0.62us-gaap_CommonStockDividendsPerShareDeclared
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember