CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions |
Apr. 30, 2019 |
Oct. 31, 2018 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 89.8
|
$ 94.2
|
| Trade accounts receivable, less allowance of $7.1 in 2019 and $4.2 in 2018 |
704.8
|
456.7
|
| Inventories: |
|
|
| Raw materials |
285.5
|
203.9
|
| Work-in-process |
13.6
|
10.0
|
| Finished goods |
122.4
|
75.6
|
| Assets held for sale |
5.3
|
4.4
|
| Prepaid expenses |
51.7
|
39.8
|
| Other current assets |
80.0
|
92.1
|
| Total current assets |
1,353.1
|
976.7
|
| Long-term assets |
|
|
| Goodwill |
1,522.6
|
776.0
|
| Other intangible assets, net of amortization |
778.8
|
80.6
|
| Deferred tax assets |
14.0
|
7.9
|
| Assets held by special purpose entities |
50.9
|
50.9
|
| Pension asset |
11.7
|
10.4
|
| Other long-term assets |
93.9
|
100.4
|
| Total long term assets, excluding properties, plants and equipment |
2,471.9
|
1,026.2
|
| Properties, plants and equipment |
|
|
| Timber properties, net of depletion |
273.8
|
274.2
|
| Land |
178.6
|
96.4
|
| Buildings |
526.2
|
431.4
|
| Machinery and equipment |
1,884.6
|
1,554.9
|
| Capital projects in progress |
158.4
|
117.2
|
| Properties, plants and equipment, gross |
3,021.6
|
2,474.1
|
| Accumulated depreciation |
(1,336.2)
|
(1,282.2)
|
| Properties, plants and equipment, net |
1,685.4
|
1,191.9
|
| Total assets |
5,510.4
|
3,194.8
|
| Current liabilities |
|
|
| Accounts payable |
473.8
|
403.8
|
| Accrued payroll and employee benefits |
107.5
|
114.4
|
| Restructuring reserves |
7.0
|
4.4
|
| Current portion of long-term debt |
83.8
|
18.8
|
| Short-term borrowings |
6.9
|
7.3
|
| Other current liabilities |
130.4
|
121.5
|
| Total current liabilities |
809.4
|
670.2
|
| Long-term liabilities |
|
|
| Long-term debt |
2,851.8
|
884.1
|
| Deferred tax liabilities |
349.6
|
179.8
|
| Pension liabilities |
138.8
|
78.0
|
| Postretirement benefit obligations |
11.3
|
10.7
|
| Liabilities held by special purpose entities |
43.3
|
43.3
|
| Contingent liabilities and environmental reserves |
7.0
|
6.8
|
| Mandatorily redeemable noncontrolling interests |
8.0
|
8.6
|
| Long-term income tax payable |
44.0
|
46.1
|
| Other long-term liabilities |
86.5
|
77.5
|
| Total long-term liabilities |
3,540.3
|
1,334.9
|
| Commitments and contingencies (Note 13) |
|
|
| Redeemable noncontrolling interests (Note 17) |
24.3
|
35.5
|
| Equity |
|
|
| Common stock, without par value |
162.6
|
150.5
|
| Treasury stock, at cost |
(134.8)
|
(135.4)
|
| Retained earnings |
1,460.2
|
1,469.8
|
| Accumulated other comprehensive income (loss), net of tax: |
|
|
| Foreign currency translation |
(301.3)
|
(292.8)
|
| Derivative financial instruments |
(2.3)
|
13.4
|
| Minimum pension liabilities |
(97.8)
|
(97.7)
|
| Total Greif, Inc. shareholders' equity |
1,086.6
|
1,107.8
|
| Noncontrolling interests |
49.8
|
46.4
|
| Total shareholders' equity |
1,136.4
|
1,154.2
|
| Total liabilities and shareholders' equity |
$ 5,510.4
|
$ 3,194.8
|