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Earnings Per Share (Tables) | 9 Months Ended
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Jul. 31, 2012
Earnings Per Share [Abstract] |
Earnings per share |
|  | Three months ended July 31, |  |  | Nine months ended July 31, |
(In millions, except per share data) |  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Numerator for basic and diluted EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Greif, Inc. |  | $ | 40.7 |  |  | $ | 66.9 |  |  | $ | 105.8 |  |  | $ | 158.4 |
Cash dividends |  |  | 24.5 |  |  |  | 24.6 |  |  |  | 73.3 |  |  |  | 73.4 |
Undistributed net income attributable to Greif, Inc. |  | $ | 16.2 |  |  | $ | 42.3 |  |  | $ | 32.5 |  |  | $ | 85.0 |
Denominator for basic EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock |  |  | 25.2 |  |  |  | 24.9 |  |  |  | 25.1 |  |  |  | 24.8 |
Class B common stock |  |  | 22.1 |  |  |  | 22.4 |  |  |  | 22.1 |  |  |  | 22.4 |
Denominator for diluted EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock |  |  | 25.3 |  |  |  | 25.1 |  |  |  | 25.2 |  |  |  | 25.0 |
Class B common stock |  |  | 22.1 |  |  |  | 22.4 |  |  |  | 22.1 |  |  |  | 22.4 |
EPS Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock |  | $ | 0.70 |  |  | $ | 1.15 |  |  | $ | 1.82 |  |  | $ | 2.72 |
Class B common stock |  | $ | 1.05 |  |  | $ | 1.72 |  |  | $ | 2.72 |  |  | $ | 4.06 |
EPS Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock |  | $ | 0.70 |  |  | $ | 1.14 |  |  | $ | 1.82 |  |  | $ | 2.70 |
Class B common stock |  | $ | 1.05 |  |  | $ | 1.72 |  |  | $ | 2.72 |  |  | $ | 4.06 |
Dividends per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock |  | $ | 0.42 |  |  | $ | 0.42 |  |  | $ | 1.26 |  |  | $ | 1.26 |
Class B common stock |  | $ | 0.63 |  |  | $ | 0.63 |  |  | $ | 1.88 |  |  | $ | 1.88 |
Summarization of the Company's Class A and Class B common and treasury shares |
|  | Authorized Shares |  |  | Issued Shares |  |  | Outstanding Shares |  |  | Treasury Shares |
October 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A Common Stock |  |  | 128,000,000 |  |  |  | 42,281,920 |  |  |  | 24,972,029 |  |  |  | 17,309,891 |
Class B Common Stock |  |  | 69,120,000 |  |  |  | 34,560,000 |  |  |  | 22,120,966 |  |  |  | 12,439,034 |
July 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A Common Stock |  |  | 128,000,000 |  |  |  | 42,281,920 |  |  |  | 25,212,598 |  |  |  | 17,069,322 |
Class B Common Stock |  |  | 69,120,000 |  |  |  | 34,560,000 |  |  |  | 22,119,966 |  |  |  | 12,440,034 |
Reconciliation of the shares used to calculate basic and diluted earnings per share |
|  | Three months ended July 31, |  |  | Nine months ended July 31, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Class A Common Stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic shares |  |  | 25,177,924 |  |  |  | 24,897,665 |  |  |  | 25,126,828 |  |  |  | 24,837,097 |
Assumed conversion of stock options |  |  | 95,502 |  |  |  | 215,900 |  |  |  | 107,124 |  |  |  | 209,696 |
Diluted shares |  |  | 25,273,426 |  |  |  | 25,113,565 |  |  |  | 25,233,952 |  |  |  | 25,046,793 |
Class B Common Stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted shares |  |  | 22,119,966 |  |  |  | 22,362,266 |  |  |  | 22,120,533 |  |  |  | 22,386,818 |

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