Equity and Comprehensive Income (Loss) (Tables)

9 Months Ended

Jul. 31, 2015

Equity [Abstract]

Summary of Changes in Equity

The following table summarizes the changes of equity from October 31, 2014 to July 31, 2015 (Dollars in millions, shares in thousands):

	Capital Stock				Treasury Stock
	Common Shares		Amount		Treasury Shares			Amount			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Greif, Inc. Equity			Non controlling interests			Total Equity
As of October 31, 2014		47,724	$	135.5		29,118		$	(130.7	)	$	1,411.7		$	(274.4	)	$	1,142.1		$	81.1		$	1,223.2
Net income												59.5						59.5			(1.5	)		58.0
Other comprehensive loss:
- foreign currency translation															(87.7	)		(87.7	)		(21.8	)		(109.5	)
- Net reclassification of cash flow hedges to earnings, net of immaterial income tax expense															0.1			0.1						0.1
- minimum pension liability adjustment, net of income tax expense of $2.0 million															5.5			5.5						5.5
Comprehensive loss																		(22.6	)					(45.9	)
Acquisition of noncontrolling interests and other												(0.4	)					(0.4	)		(10.1	)		(10.5	)
Dividends paid to Greif, Inc. shareholders												(74.0	)					(74.0	)					(74.0	)
Dividends paid to noncontrolling interests																		—			(4.0	)		(4.0	)
Stock options exercised		10		0.2		(10	)		—									0.2						0.2
Restricted stock executives and directors		31		1.4		(31	)		—									1.4						1.4
Long-term incentive shares issued		49		2.0		(49	)		0.1									2.1						2.1
As of July 31, 2015		47,814	$	139.1		29,028		$	(130.6	)	$	1,396.8		$	(356.5	)	$	1,048.8		$	43.7		$	1,092.5

The following table summarizes the changes of equity from October 31, 2013 to July 31, 2014 (Dollars in millions, shares in thousands):

	Capital Stock				Treasury Stock
	Common Shares		Amount		Treasury Shares			Amount			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Greif, Inc. Equity			Non controlling interests			Total Equity
As of October 31, 2013		47,577	$	129.4		29,265		$	(131.0	)	$	1,418.8		$	(152.6	)	$	1,264.6		$	115.3		$	1,379.9
Net income												82.8						82.8			(2.4	)		80.4
Other comprehensive income:
- foreign currency translation															(36.3	)		(36.3	)		0.3			(36.0	)
- Net reclassification of cash flow hedges to earnings, net of income tax expense of $0.2 million															0.4			0.4						0.4
- minimum pension liability adjustment, net of income tax benefit of $0.2 million															(0.5	)		(0.5	)					(0.5	)
Comprehensive Income																		46.4						44.3
Noncontrolling interests, loan conversion and other												(1.2	)					(1.2	)		15.2			14.0
Dividends paid to Greif, Inc. shareholders												(73.8	)					(73.8	)					(73.8	)
Stock options exercised		68		1.6		(68	)		0.1									1.7						1.7
Restricted stock executives and directors		22		1.1		(22	)		0.1									1.2						1.2
Long-term incentive shares issued		56		2.9		(56	)		0.1									3.0						3.0
As of July 31, 2014		47,723	$	135.0		29,119		$	(130.7	)	$	1,426.6		$	(189.0	)	$	1,241.9		$	128.4		$	1,370.3

Schedule of Accumulated Other Comprehensive Income Loss

The following table provides the rollforward of accumulated other comprehensive income for the nine months ended July 31, 2015 (Dollars in millions):

	Foreign Currency Translation			Cash Flow Hedges			Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2014	$	(144.5	)	$	(0.1	)	$	(129.8	)	$	(274.4	)
Other Comprehensive Income (Loss) Before Reclassifications		(87.7	)		—			5.5			(82.2	)
Amounts reclassified from Accumulated Other Comprehensive Loss		—			0.1			—			0.1
Current-period Other Comprehensive Income (Loss)		(87.7	)		0.1			5.5			(82.1	)
Balance as of July 31, 2015	$	(232.2	)	$	—		$	(124.3	)	$	(356.5	)

The following table provides the rollforward of accumulated other comprehensive income for the nine months ended July 31, 2014 (Dollars in millions):

	Foreign Currency Translation			Cash Flow Hedges			Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2013	$	(56.9	)	$	(0.6	)	$	(95.1	)	$	(152.6	)
Other Comprehensive Income (Loss) Before Reclassifications		(36.3	)		(0.1	)		(0.5	)		(36.9	)
Amounts reclassified from Accumulated Other Comprehensive Loss		—			0.5			—			0.5
Current-period Other Comprehensive Income (Loss)		(36.3	)		0.4			(0.5	)		(36.4	)
Balance as of July 31, 2014	$	(93.2	)	$	(0.2	)	$	(95.6	)	$	(189.0	)

Reclassification Out of Accumulated Other Comprehensive Income

The following table provides amounts reclassified out of accumulated other comprehensive income for the nine months ended July 31 (Dollars in millions):

Details about Accumulated Other Comprehensive Income Components	Ammount Reclassified from Accumulated Other Comprehensive Income (Loss)				Location on Consolidated Consolidated Statements of Income
	2015		2014
Cash Flow Hedges	$	0.1	$	0.5	Other expense, net