XML 116 R41.htm IDEA: XBRL DOCUMENT
v2.4.0.6

POST RETIREMENT BENEFIT PLANS (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2012
Number of Participants in Defined Benefit Plans | The following table presents the number of participants in the defined benefit plans:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Other |
October 31, 2012 |  | Consolidated |  |  | USA |  |  | Germany |  |  | United Kingdom |  |  | Netherlands |  |  | International |
Active participants |  |  | 2,402 |  |  |  | 2,004 |  |  |  | 127 |  |  |  | 158 |  |  |  | 48 |  |  |  | 65 |
Vested former employees |  |  | 3,660 |  |  |  | 2,913 |  |  |  | 63 |  |  |  | 418 |  |  |  | 249 |  |  |  | 17 |
Retirees and beneficiaries |  |  | 4,043 |  |  |  | 2,210 |  |  |  | 248 |  |  |  | 726 |  |  |  | 804 |  |  |  | 55 |
Other plan participants |  |  | 35 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 35 |  |  |  | 0 |
October 31, 2011 |  | Consolidated |  |  | USA |  |  | Germany |  |  | United Kingdom |  |  | Netherlands |  |  | Other Intl |
Active participants |  |  | 2,507 |  |  |  | 2,113 |  |  |  | 125 |  |  |  | 158 |  |  |  | 46 |  |  |  | 65 |
Vested former employees |  |  | 3,581 |  |  |  | 2,923 |  |  |  | 68 |  |  |  | 418 |  |  |  | 154 |  |  |  | 18 |
Retirees and beneficiaries |  |  | 3,749 |  |  |  | 2,142 |  |  |  | 245 |  |  |  | 726 |  |  |  | 583 |  |  |  | 53 |
Other plan participants |  |  | 1 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1 |  |  |  | 0 |
Actuarial Assumptions Used to Measure Benefit Obligations and Pension Costs | The actuarial assumptions at October 31 are used to measure the year-end benefit obligations and the pension costs for the subsequent year were as follows:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Other |
For the year ended October 31, 2012 |  | Consolidated |  |  | United States |  |  | Germany |  |  | United Kingdom |  |  | Netherlands |  |  | International |
Discount rate |  |  | 3.92 | % |  |  | 4.00 | % |  |  | 3.50 | % |  |  | 4.25 | % |  |  | 3.25 | % |  |  | 4.89 | %
Expected return on plan assets |  |  | 6.46 | % |  |  | 6.75 | % |  |  | N/A |  |  |  | 6.75 | % |  |  | 5.00 | % |  |  | 6.55 | %
Rate of compensation increase |  |  | 2.99 | % |  |  | 3.00 | % |  |  | 2.75 | % |  |  | 3.50 | % |  |  | 2.25 | % |  |  | 2.29 | %
For the year ended October 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  |  | 4.94 | % |  |  | 4.90 | % |  |  | 5.25 | % |  |  | 5.00 | % |  |  | 5.00 | % |  |  | 5.55 | %
Expected return on plan assets |  |  | 7.20 | % |  |  | 8.25 | % |  |  | N/A |  |  |  | 7.50 | % |  |  | 4.25 | % |  |  | 6.60 | %
Rate of compensation increase |  |  | 3.13 | % |  |  | 3.00 | % |  |  | 2.75 | % |  |  | 4.00 | % |  |  | 2.25 | % |  |  | 2.70 | %
For the year ended October 31, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Discount rate |  |  | 5.20 | % |  |  | 5.50 | % |  |  | 5.00 | % |  |  | 5.25 | % |  |  | 4.25 | % |  |  | 5.44 | %
Expected return on plan assets |  |  | 7.50 | % |  |  | 8.25 | % |  |  | N/A |  |  |  | 7.50 | % |  |  | 6.00 | % |  |  | 6.68 | %
Rate of compensation increase |  |  | 3.11 | % |  |  | 3.00 | % |  |  | 2.75 | % |  |  | 4.00 | % |  |  | 2.25 | % |  |  | 3.01 | %
Components of Net Periodic Pension Cost | The components of net periodic pension cost include the following (Dollars in millions):
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Other |
For the year ended October 31, 2012 |  | Consolidated |  |  | United States |  |  | Germany |  |  | United Kingdom |  |  | Netherlands |  |  | International |
Service cost |  | $ | 13.4 |  |  | $ | 10.0 |  |  | $ | 0.4 |  |  | $ | 2.1 |  |  | $ | 0.5 |  |  | $ | 0.4 |
Interest cost |  |  | 29.6 |  |  |  | 16.6 |  |  |  | 1.4 |  |  |  | 7.0 |  |  |  | 3.9 |  |  |  | 0.7 |
Expected return on plan assets |  |  | (33.9 | ) |  |  | (17.6 | ) |  |  | — |  |  |  | (11.8 | ) |  |  | (3.6 | ) |  |  | (0.9 | )
Amortization of prior service cost |  |  | 1.5 |  |  |  | 1.5 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recognized net actuarial loss |  |  | 11.4 |  |  |  | 9.9 |  |  |  | 0.1 |  |  |  | 0.6 |  |  |  | 0.4 |  |  |  | 0.4 |
Net periodic pension cost |  |  | 22.0 |  |  |  | 20.4 |  |  |  | 1.9 |  |  |  | (2.1 | ) |  |  | 1.2 |  |  |  | 0.6 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Other |
For the year ended October 31, 2011 |  | Consolidated |  |  | United States |  |  | Germany |  |  | United Kingdom |  |  | Netherlands |  |  | International |
Service cost |  | $ | 12.7 |  |  | $ | 9.0 |  |  | $ | 0.5 |  |  | $ | 2.1 |  |  | $ | 0.7 |  |  | $ | 0.4 |
Interest cost |  |  | 29.6 |  |  |  | 16.6 |  |  |  | 1.4 |  |  |  | 7.1 |  |  |  | 3.9 |  |  |  | 0.6 |
Expected return on plan assets |  |  | (36.8 | ) |  |  | (19.7 | ) |  |  | — |  |  |  | (12.7 | ) |  |  | (3.7 | ) |  |  | (0.7 | )
Amortization of prior service cost |  |  | 1.9 |  |  |  | 1.9 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recognized net actuarial loss |  |  | 8.4 |  |  |  | 7.1 |  |  |  | 0.1 |  |  |  | 0.4 |  |  |  | 0.4 |  |  |  | 0.4 |
Net periodic pension cost |  | $ | 15.8 |  |  | $ | 14.9 |  |  | $ | 2.0 |  |  | $ | (3.1 | ) |  | $ | 1.3 |  |  | $ | 0.7 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Other |
For the year ended October 31, 2010 |  | Consolidated |  |  | United States |  |  | Germany |  |  | United Kingdom |  |  | Netherlands |  |  | International |
Service cost |  | $ | 12.7 |  |  | $ | 9.2 |  |  | $ | 0.4 |  |  | $ | 2.3 |  |  | $ | 0.4 |  |  | $ | 0.4 |
Interest cost |  |  | 29.3 |  |  |  | 16.0 |  |  |  | 1.4 |  |  |  | 7.0 |  |  |  | 4.3 |  |  |  | 0.6 |
Expected return on plan assets |  |  | (34.8 | ) |  |  | (18.1 | ) |  |  | — |  |  |  | (11.6 | ) |  |  | (4.4 | ) |  |  | (0.7 | )
Amortization of transition net asset |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of prior service cost |  |  | 0.9 |  |  |  | 0.9 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recognized net actuarial loss |  |  | 6.7 |  |  |  | 5.9 |  |  |  | — |  |  |  | 0.5 |  |  |  | — |  |  |  | 0.3 |
Net periodic pension cost |  | $ | 14.8 |  |  | $ | 13.9 |  |  | $ | 1.8 |  |  | $ | (1.8 | ) |  | $ | 0.3 |  |  | $ | 0.6 |
Change in Projected Benefit Obligation | The following table sets forth the plans’ change in projected benefit obligation (Dollars in millions):
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Other |
|  | Consolidated |  |  | USA |  |  | Germany |  |  | United Kingdom |  |  | Netherlands |  |  | International |
For the year ended October 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in benefit obligation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 616.2 |  |  | $ | 345.5 |  |  | $ | 27.9 |  |  | $ | 142.1 |  |  | $ | 85.3 |  |  | $ | 15.4 |
Service cost |  |  | 13.4 |  |  |  | 10.0 |  |  |  | 0.4 |  |  |  | 2.1 |  |  |  | 0.5 |  |  |  | 0.4 |
Interest cost |  |  | 29.6 |  |  |  | 16.6 |  |  |  | 1.4 |  |  |  | 7.0 |  |  |  | 3.9 |  |  |  | 0.7 |
Plan participant contributions |  |  | 0.3 |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.2 |  |  |  | — |
Expenses paid from assets |  |  | (1.1 | ) |  |  | (1.1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Multi-plan combination |  |  | 1.7 |  |  |  | — |  |  |  | — |  |  |  | 1.7 |  |  |  | — |  |  |  | — |
Actuarial loss |  |  | 91.9 |  |  |  | 47.3 |  |  |  | 8.4 |  |  |  | 11.4 |  |  |  | 24.0 |  |  |  | 0.8 |
Foreign currency effect |  |  | (1.7 | ) |  |  | — |  |  |  | (1.5 | ) |  |  | 3.9 |  |  |  | (4.5 | ) |  |  | 0.4 |
Benefits paid |  |  | (27.9 | ) |  |  | (13.6 | ) |  |  | (1.3 | ) |  |  | (6.4 | ) |  |  | (6.0 | ) |  |  | (0.6 | )
Benefit obligation at end of year |  | $ | 722.4 |  |  | $ | 404.7 |  |  | $ | 35.3 |  |  | $ | 161.9 |  |  | $ | 103.4 |  |  | $ | 17.1 |
For the year ended October 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in benefit obligation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Benefit obligation at beginning of year |  | $ | 580.7 |  |  | $ | 309.5 |  |  | $ | 28.5 |  |  | $ | 134.5 |  |  | $ | 94.9 |  |  | $ | 13.3 |
Service cost |  |  | 12.7 |  |  |  | 9.0 |  |  |  | 0.5 |  |  |  | 2.1 |  |  |  | 0.7 |  |  |  | 0.4 |
Interest cost |  |  | 29.5 |  |  |  | 16.6 |  |  |  | 1.4 |  |  |  | 7.0 |  |  |  | 3.9 |  |  |  | 0.6 |
Plan participant contributions |  |  | 0.5 |  |  |  | — |  |  |  | — |  |  |  | 0.3 |  |  |  | 0.2 |  |  |  | — |
Amendments |  |  | (1.7 | ) |  |  | (0.7 | ) |  |  | — |  |  |  | (1.0 | ) |  |  | — |  |  |  | — |
Actuarial (gain) loss |  |  | 25.0 |  |  |  | 24.8 |  |  |  | (0.8 | ) |  |  | 6.2 |  |  |  | (7.0 | ) |  |  | 1.8 |
Foreign currency effect |  |  | (2.9 | ) |  |  | — |  |  |  | (0.4 | ) |  |  | (1.3 | ) |  |  | (1.2 | ) |  |  | — |
Benefits paid |  |  | (27.6 | ) |  |  | (13.7 | ) |  |  | (1.3 | ) |  |  | (5.7 | ) |  |  | (6.2 | ) |  |  | (0.7 | )
Benefit obligation at end of year |  | $ | 616.2 |  |  | $ | 345.5 |  |  | $ | 27.9 |  |  | $ | 142.1 |  |  | $ | 85.3 |  |  | $ | 15.4 |
The fair value of the pension plans’ investments is presented below. The inputs and valuation techniques used to measure the fair value of the assets are consistently applied and described in Note 1.
|  | Consolidated |  |  | USA |  |  | Germany |  |  | United Kingdom |  |  | Netherlands |  |  | Other International |
For the year ended October 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 540.3 |  |  | $ | 263.0 |  |  | $ | — |  |  | $ | 176.7 |  |  | $ | 87.9 |  |  | $ | 12.7 |
Actual return on plan assets |  |  | 66.2 |  |  |  | 35.3 |  |  |  | — |  |  |  | 8.6 |  |  |  | 21.9 |  |  |  | 0.4 |
Expenses paid |  |  | (1.1 | ) |  |  | (1.1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Plan participant contributions |  |  | 0.3 |  |  |  | — |  |  |  | — |  |  |  | 0.1 |  |  |  | 0.2 |  |  |  | — |
Multi-plan combination |  |  | 1.7 |  |  |  | — |  |  |  | — |  |  |  | 1.7 |  |  |  | — |  |  |  | — |
Foreign currency impact |  |  | (0.2 | ) |  |  | — |  |  |  | — |  |  |  | 4.5 |  |  |  | (4.7 | ) |  |  | — |
Employer contributions |  |  | 18.0 |  |  |  | 14.3 |  |  |  | — |  |  |  | 2.2 |  |  |  | — |  |  |  | 1.5 |
Benefits paid |  |  | (26.1 | ) |  |  | (13.1 | ) |  |  | — |  |  |  | (6.4 | ) |  |  | (6.0 | ) |  |  | (0.6 | )
Fair value of plan assets at end of year |  | $ | 599.1 |  |  | $ | 298.4 |  |  | $ | — |  |  | $ | 187.4 |  |  | $ | 99.3 |  |  | $ | 14.0 |
For the year ended October 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 514.7 |  |  | $ | 228.3 |  |  | $ | — |  |  | $ | 178.5 |  |  | $ | 97.7 |  |  | $ | 10.2 |
Actual return on plan assets |  |  | 21.4 |  |  |  | 21.0 |  |  |  | — |  |  |  | 2.8 |  |  |  | (2.6 | ) |  |  | 0.2 |
Expenses paid |  |  | (1.0 | ) |  |  | (1.0 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Plan participant contributions |  |  | 0.5 |  |  |  | — |  |  |  | — |  |  |  | 0.3 |  |  |  | 0.2 |  |  |  | — |
Other |  |  | 1.1 |  |  |  | — |  |  |  | — |  |  |  | (0.7 | ) |  |  | — |  |  |  | 1.8 |
Foreign currency effects |  |  | (3.2 | ) |  |  | — |  |  |  | — |  |  |  | (1.5 | ) |  |  | (1.2 | ) |  |  | (0.5 | )
Employer contributions |  |  | 32.6 |  |  |  | 27.9 |  |  |  | — |  |  |  | 3.0 |  |  |  | — |  |  |  | 1.7 |
Benefits paid |  |  | (25.8 | ) |  |  | (13.2 | ) |  |  | — |  |  |  | (5.7 | ) |  |  | (6.2 | ) |  |  | (0.7 | )
Fair value of plan assets at end of year |  | $ | 540.3 |  |  | $ | 263.0 |  |  | $ | — |  |  | $ | 176.7 |  |  | $ | 87.9 |  |  | $ | 12.7 |
Benefit Obligations in Excess of Plan Assets | The following tables set forth the PBO, ABO, plan assets and instances where the ABO exceeds the plan assets for the respective years (Dollars in millions):
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Other |
Actuarial value of benefit obligations |  | Consolidated |  |  | USA |  |  | Germany |  |  | United Kingdom |  |  | Netherlands |  |  | International |
October 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Projected benefit obligation |  |  | 722.4 |  |  |  | 404.7 |  |  |  | 35.3 |  |  |  | 161.9 |  |  |  | 103.4 |  |  |  | 17.1 |
Accumulated benefit obligation |  |  | 687.8 |  |  |  | 382.0 |  |  |  | 32.5 |  |  |  | 156.6 |  |  |  | 102.0 |  |  |  | 14.7 |
Plan assets |  |  | 599.1 |  |  |  | 298.4 |  |  |  | — |  |  |  | 187.4 |  |  |  | 99.3 |  |  |  | 14.0 |
October 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Projected benefit obligation |  |  | 616.2 |  |  |  | 345.5 |  |  |  | 27.9 |  |  |  | 142.1 |  |  |  | 85.3 |  |  |  | 15.4 |
Accumulated benefit obligation |  |  | 589.1 |  |  |  | 327.2 |  |  |  | 26.0 |  |  |  | 138.3 |  |  |  | 84.4 |  |  |  | 13.2 |
Plan assets |  |  | 540.3 |  |  |  | 263.0 |  |  |  | — |  |  |  | 176.7 |  |  |  | 87.9 |  |  |  | 12.7 |
Plans with ABO in excess of Plan assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
October 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated benefit obligation |  |  | 531.2 |  |  |  | 382.0 |  |  |  | 32.5 |  |  |  | — |  |  |  | 102.0 |  |  |  | 14.7 |
Plan assets |  |  | 408.3 |  |  |  | 298.4 |  |  |  | — |  |  |  | — |  |  |  | 99.3 |  |  |  | 10.6 |
October 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated benefit obligation |  |  | 366.4 |  |  |  | 327.2 |  |  |  | 26.0 |  |  |  | — |  |  |  | — |  |  |  | 13.2 |
Plan assets |  |  | 272.1 |  |  |  | 263.0 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9.1 |
Future Benefit Payments Next Five Years and Thereafter | Future benefit payments, which reflect expected future service, as appropriate, during the next five years, and in the aggregate for the five years thereafter, are as follows (Dollars in millions):
Year |  | Expected benefit payments |
2013 |  | $ | 45.6 |
2014 |  | $ | 31.2 |
2015 |  | $ | 31.9 |
2016 |  | $ | 33.0 |
2017 |  | $ | 34.4 |
2018-2022 |  | $ | 184.0 |
Weighted Average Asset Allocations at Measurement Date and Target Asset Allocations | The Company’s weighted average asset allocations at the measurement date and the target asset allocations by category are as follows:
|  | 2012 |  |  | 2012 |  |  | 2011 |  |  | 2011 |
Asset Category |  | Target |  |  | Actual |  |  | Target |  |  | Actual |
Equity securities |  |  | 34 | % |  |  | 34 | % |  |  | 41 | % |  |  | 42 | %
Debt securities |  |  | 45 | % |  |  | 45 | % |  |  | 35 | % |  |  | 34 | %
Other |  |  | 21 | % |  |  | 21 | % |  |  | 24 | % |  |  | 24 | %
Total |  |  | 100 | % |  |  | 100 | % |  |  | 100 | % |  |  | 100 | %
Fair Value Measurements for Pension Assets | The following table presents the fair value measurements for the pension assets: As of October 31, 2012 (Dollars in millions)
|  | Fair Value Measurement |
Asset Category |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Equity securities |  | $ | 7.7 |  |  | $ | 216.3 |  |  | $ | — |  |  | $ | 224.0 |
Fixed income |  |  | 89.0 |  |  |  | 99.3 |  |  |  | — |  |  |  | 188.3 |
Debt securities |  |  | — |  |  |  | 56.8 |  |  |  | — |  |  |  | 56.8 |
Insurance annuity |  |  | — |  |  |  | — |  |  |  | 99.3 |  |  |  | 99.3 |
Other |  |  | 15.1 |  |  |  | 15.6 |  |  |  | — |  |  |  | 30.7 |
Total |  | $ | 111.8 |  |  | $ | 388.0 |  |  | $ | 99.3 |  |  | $ | 599.1 |
As of October 31, 2011 (Dollars in millions)
|  | Fair Value Measurement |
Asset Category |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Equity securities |  | $ | 78.0 |  |  | $ | 149.3 |  |  | $ | — |  |  | $ | 227.3 |
Fixed income |  |  | 75.9 |  |  |  | 75.8 |  |  |  | — |  |  |  | 151.7 |
Debt securities |  |  | — |  |  |  | 28.1 |  |  |  | — |  |  |  | 28.1 |
Insurance annuity |  |  | — |  |  |  | — |  |  |  | 87.9 |  |  |  | 87.9 |
Other |  |  | 17.8 |  |  |  | 27.5 |  |  |  | — |  |  |  | 45.3 |
Total |  | $ | 171.7 |  |  | $ | 280.7 |  |  | $ | 87.9 |  |  | $ | 540.3 |
Amounts Recognized in Consolidated Financial Statements | Financial statement presentation including other comprehensive income:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Other |
As of October 31, 2012 |  | Consolidated |  |  | USA |  |  | Germany |  |  | United Kingdom |  |  | Netherlands |  |  | International |
Unrecognized net actuarial loss |  | $ | 203.5 |  |  | $ | 140.9 |  |  | $ | 12.0 |  |  | $ | 26.0 |  |  | $ | 17.6 |  |  | $ | 7.0 |
Unrecognized prior service cost |  |  | 0.9 |  |  |  | 0.9 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Unrecognized initial net obligation |  |  | 0.4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.4 |
Accumulated other comprehensive loss |  | $ | 204.8 |  |  | $ | 141.8 |  |  | $ | 12.0 |  |  | $ | 26.0 |  |  | $ | 17.6 |  |  | $ | 7.4 |
Amounts recognized in the Consolidated Balance Sheets consist of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prepaid benefit cost |  | $ | 28.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 25.6 |  |  | $ | — |  |  | $ | 3.2 |
Accrued benefit liability |  |  | (152.1 | ) |  |  | (106.3 | ) |  |  | (35.3 | ) |  |  | — |  |  |  | (4.1 | ) |  |  | (6.4 | )
Accumulated other comprehensive loss |  |  | 204.8 |  |  |  | 141.8 |  |  |  | 12.0 |  |  |  | 26.0 |  |  |  | 17.6 |  |  |  | 7.4 |
Net amount recognized |  | $ | 81.5 |  |  | $ | 35.5 |  |  | $ | (23.3 | ) |  | $ | 51.6 |  |  | $ | 13.5 |  |  | $ | 4.2 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Other |
As of October 31, 2011 |  | Consolidated |  |  | USA |  |  | Germany |  |  | United Kingdom |  |  | Netherlands |  |  | International |
Unrecognized net actuarial loss |  | $ | 153.4 |  |  | $ | 119.5 |  |  | $ | 3.9 |  |  | $ | 11.5 |  |  | $ | 12.9 |  |  | $ | 5.6 |
Unrecognized prior service cost |  |  | 4.7 |  |  |  | 4.7 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Unrecognized initial net obligation |  |  | 0.5 |  |  |  | (0.1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.6 |
Accumulated other comprehensive loss |  | $ | 158.6 |  |  | $ | 124.1 |  |  | $ | 3.9 |  |  | $ | 11.5 |  |  | $ | 12.9 |  |  | $ | 6.2 |
Amounts recognized in the Consolidated Balance Sheets consist of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prepaid benefit cost |  | $ | 40.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 34.6 |  |  | $ | 2.6 |  |  | $ | 3.5 |
Accrued benefit liability |  |  | (115.0 | ) |  |  | (80.9 | ) |  |  | (27.9 | ) |  |  | — |  |  |  | — |  |  |  | (6.2 | )
Accumulated other comprehensive loss |  |  | 158.6 |  |  |  | 124.1 |  |  |  | 3.9 |  |  |  | 11.5 |  |  |  | 12.9 |  |  |  | 6.2 |
Net amount recognized |  | $ | 84.3 |  |  | $ | 43.2 |  |  | $ | (24.0 | ) |  | $ | 46.1 |  |  | $ | 15.5 |  |  | $ | 3.5 |
|  | October 31, 2012 |  |  | October 31, 2011 |
Accumulated other comprehensive loss at beginning of year |  | $ | 158.6 |  |  | $ | 132.3 |
Increase or (decrease) in accumulated other comprehensive (income) or loss |  |  |  |  |  |  |  |
Net transition obligation amortized during fiscal year |  |  | (0.1 | ) |  |  | (0.1 | )
Net prior service costs amortized during fiscal year |  |  | (1.5 | ) |  |  | (1.9 | )
Net loss amortzied during fiscal year |  |  | (11.3 | ) |  |  | (8.4 | )
Prior service (cost) or credit recognized during fiscal year due to curtailment |  |  | (2.3 | ) |  |  | 0.3 |
Prior service costs occuring during fiscal year |  |  | — |  |  |  | 25.0 |
Liability loss occuring during fiscal year |  |  | 92.0 |  |  |  | 13.7 |
Asset (gain) occuring during fiscal year |  |  | (30.7 | ) |  |  | (2.0 | )
Increase in accumulated other comprehensive or loss |  | $ | 46.1 |  |  | $ | 26.6 |
Foreign currency impact |  |  | 0.1 |  |  |  | (0.3 | )
Accumulated other comprehensive (income) or loss at Current fiscal year end |  | $ | 204.8 |  |  | $ | 158.6 |
Components of Net Periodic Cost for Postretirement Benefits | The components of net periodic cost for the postretirement benefits include the following (Dollars in millions):
For the years ended October 31, |  | 2012 |  |  | 2011 |  |  | 2010 |
Service cost |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest cost |  |  | 1.1 |  |  |  | 1.2 |  |  |  | 1.6 |
Amortization of prior service cost |  |  | (1.6 | ) |  |  | (1.6 | ) |  |  | (1.3 | )
Recognized net actuarial loss (gain) |  |  | — |  |  |  | (0.1 | ) |  |  | (0.1 | )
Net periodic (income) cost |  | $ | (0.5 | ) |  | $ | (0.5 | ) |  | $ | 0.2 |
Plan's Change in Benefit Obligation, Change in Plan Assets and Amounts Recognized in Consolidated Financial Statements | The following table sets forth the plans’ change in benefit obligation, change in plan assets and amounts recognized in the consolidated financial statements (Dollars in millions):
|  | October 31, 2012 |  |  | October 31, 2011 |
Benefit obligation at beginning of year |  | $ | 20.8 |  |  | $ | 21.6 |
Service cost |  |  | — |  |  |  | — |
Interest cost |  |  | 1.0 |  |  |  | 1.2 |
Actuarial loss |  |  | 0.2 |  |  |  | 0.8 |
Foreign currency effect |  |  | (0.3 | ) |  |  | (0.5 | )
Plan amendments |  |  | — |  |  |  | — |
Benefits paid |  |  | (2.4 | ) |  |  | (2.3 | )
Benefit obligation at end of year |  | $ | 19.3 |  |  | $ | 20.8 |
Funded status |  | $ | (19.3 | ) |  | $ | (20.8 | )
Unrecognized net actuarial loss |  |  | (0.9 | ) |  |  | (1.1 | )
Unrecognized prior service credit |  |  | (10.7 | ) |  |  | (12.4 | )
Net amount recognized |  | $ | (30.9 | ) |  | $ | (34.3 | )
Summary of Healthcare Cost Trend Rates on Gross Eligible Charges | The healthcare cost trend rates on gross eligible charges are as follows:
|  | Medical |
Current trend rate |  |  | 7.2 | %
Ultimate trend rate |  |  | 5.2 | %
Year ultimate trend rate reached |  |  | 2018 |
Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rates | A one-percentage point change in assumed health care cost trend rates would have the following effects (Dollars in thousands):
|  | 1-Percentage-Point Increase |  |  | 1-Percentage-Point Decrease |
Effect on total of service and interest cost components |  | $ | 55 |  |  | $ | (47 | )
Effect on postretirement benefit obligation |  | $ | 664 |  |  | $ | (553 | )
Postretirement Health Care and Life Insurance Benefits [Member] |
Number of Participants in Defined Benefit Plans | The following table presents the number of participants in the post-retirement health and life insurance benefit plans:
October 31, 2012 |  | Consolidated |  |  | USA |  |  | South Africa |
Active participants |  |  | 31 |  |  |  | 12 |  |  |  | 19 |
Vested former employees |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Retirees and beneficiaries |  |  | 916 |  |  |  | 812 |  |  |  | 104 |
Other plan participants |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
October 31, 2011 |  | Consolidated |  |  | USA |  |  | South Africa |
Active participants |  |  | 32 |  |  |  | 12 |  |  |  | 20 |
Vested former employees |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Retirees and beneficiaries |  |  | 1,112 |  |  |  | 1,000 |  |  |  | 112 |
Other plan participants |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Actuarial Assumptions Used to Measure Benefit Obligations and Pension Costs | The discount rate actuarial assumptions at October 31 are used to measure the year-end benefit obligations and the pension costs for the subsequent year were as follows:
|  | Consolidated |  |  | United States |  |  | South Africa |
For the year ended October 31, 2012 |  |  | 4.77 | % |  |  | 4.00 | % |  |  | 7.75 | %
For the year ended October 31, 2011 |  |  | 5.56 | % |  |  | 4.90 | % |  |  | 8.25 | %
Future Benefit Payments Next Five Years and Thereafter | Future benefit payments, which reflect expected future service, as appropriate, during the next five years, and in the aggregate for the five years thereafter, are as follows (Dollars in millions):
Year |  | Expected benefit payments |
2013 |  | $ | 2.3 |
2014 |  | $ | 2.0 |
2015 |  | $ | 1.8 |
2016 |  | $ | 1.7 |
2017 |  | $ | 1.6 |
2018-2022 |  | $ | 6.9 |
Level 3 [Member] |
Reconciliation of Beginning and Ending Balances of the Fair Value Measurements Using Significant Unobservable Inputs | The following table presents a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs (Level 3). There have been no transfers in or out of level 3:
|  | Non-U.S. Pension Plan |
(Dollars in millions) |  | 2012 |  |  | 2011 |
Balance at beginning of year |  | $ | 87.9 |  |  | $ | 97.7 |
Actual return on plan assets held at reporting date: |  |  |  |  |  |  |  |
Assets still held at reporting date |  |  | 21.9 |  |  |  | (2.6 | )
Plan participant contributions |  |  | 0.2 |  |  |  | 0.2 |
Settlements |  |  | (6.0 | ) |  |  | (6.2 | )
Currency impact |  |  | (4.7 | ) |  |  | (1.2 | )
Balance at end of year |  | $ | 99.3 |  |  | $ | 87.9 |

X
- Definition Components of net periodic pension. + References No definition available. + Details
Name: | gef_ComponentsOfNetPeriodicPensionCostTableTextBlock
Namespace Prefix: | gef_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value measurements for the pension assets. + References No definition available. + Details
Name: | gef_FairValueMeasurementsForPensionAssetsTableTextBlock
Namespace Prefix: | gef_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of defined benefit plan changes in benefit obligations and plan assets. + References No definition available. + Details
Name: | gef_ScheduleOfDefinedBenefitPlanChangesInBenefitObligationsAndPlanAssetsTableTextBlock
Namespace Prefix: | gef_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Pension Contributions To Defined Benefit Pension Plans Table [Text Block] + References No definition available. + Details
Name: | gef_ScheduleOfPensionContributionsToDefinedBenefitPensionPlansTableTextBlock
Namespace Prefix: | gef_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted average asset allocations at measurement date and target asset allocations. + References No definition available. + Details
Name: | gef_WeightedAverageAssetAllocationsAtMeasurementDateAndTargetAssetAllocationsTableTextBlock
Namespace Prefix: | gef_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the aggregate benefit obligation and aggregate fair value of plan assets for pension plans and/or other employee benefit plans with benefit obligations in excess of plan assets as of the measurement date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of a one-percentage-point increase and the effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs and the accumulated postretirement benefit obligation for health care benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (m) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumed health care cost trend rates for the next year used to measure the expected cost of benefits covered by the plans, including the ultimate trend rate(s) and when that rate is expected to be achieved. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (l) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfHealthCareCostTrendRatesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration