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Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Jul. 31, 2012
Oct. 31, 2011
Current assets    
Cash and cash equivalents $ 91.7 $ 127.4
Trade accounts receivable, less allowance of $15.6 in 2012 and $13.8 in 2011 492.8 563.0
Inventories 398.2 431.8
Deferred tax assets 22.6 23.7
Net assets held for sale 6.6 2.2
Current portion related party notes and advances receivable 2.3 1.7
Prepaid expenses and other current assets 133.3 134.1
Total current assets 1,147.5 1,283.9
Long-term assets    
Goodwill 952.4 1,005.1
Other intangible assets, net of amortization 198.6 228.8
Deferred tax assets 64.1 70.6
Related party notes receivable 16.6 18.3
Assets held by special purpose entities 50.9 50.9
Other long-term assets 88.7 93.4
Total long-term assets 1,371.3 1,467.1
Properties, plants and equipment    
Timber properties, net of depletion 217.6 216.0
Land 134.6 123.1
Buildings 453.7 480.4
Machinery and equipment 1,375.1 1,396.8
Capital projects in progress 174.0 140.0
Property, Plant and Equipment, Gross 2,355.0 2,356.3
Accumulated depreciation (960.1) (913.2)
Properties, plants and equipment, net 1,394.9 1,433.1
Total assets 3,913.7 4,194.1
Current liabilities    
Accounts payable 461.2 492.9
Accrued payroll and employee benefits 76.5 99.8
Restructuring reserves 7.1 19.6
Current portion of long-term debt 21.9 12.5
Short-term borrowings 97.4 137.3
Deferred tax liabilities 3.1 5.1
Other current liabilities 166.0 167.7
Total current liabilities 833.2 934.9
Long-term liabilities    
Long-term debt 1,198.2 1,345.1
Deferred tax liabilities 207.4 196.7
Pension liabilities 72.0 76.1
Postretirement benefit obligations 21.0 20.9
Liabilities held by special purpose entities 43.3 43.3
Other long-term liabilities 188.9 203.3
Total long-term liabilities 1,722.8 1,885.4
Shareholders' equity    
Common stock, without par value 121.6 113.8
Treasury stock, at cost (131.6) (132.0)
Retained earnings 1,415.9 1,383.3
Accumulated other comprehensive loss:    
Foreign currency translation (92.6) (46.4)
interest rate and other derivatives (0.9) (0.1)
minimum pension liabilities (96.7) (101.6)
Total Greif, Inc. shareholders' equity 1,215.7 1,217.0
Noncontrolling interests 134.0 156.8
Total shareholders' equity 1,349.7 1,373.8
Total liabilities and shareholders' equity $ 3,913.7 $ 4,194.1