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Net Assets Held for Sale
6 Months Ended
Apr. 30, 2013
Property Plant And Equipment [Abstract]  
Net Assets Held for Sale

NOTE 5 — NET ASSETS HELD FOR SALE

As of April 30, 2013, there was one asset group in the Rigid Industrial Packaging & Services segment and two asset groups in the Flexible Products & Services segment with assets held for sale. As of October 31, 2012, there was one asset group in the Rigid Industrial Packaging & Services segment and one asset group in the Flexible Products & Services segment with assets held for sale. During the six months ended April 30, 2013, one asset group was added in the Rigid Industrial Packaging & Services segment and one asset group was added in the Flexible Products & Services segment. The asset group added to the Rigid Industrial Packaging & Services segment was subsequently sold during the same six month period. The net assets held for sale are being marketed for sale and it is the Company’s intention to complete the sales of these assets within the upcoming year.

For the three months ended April 30, 2013, the Company recorded a gain on disposal of property, plant and equipment, net of $3.1 million. There were sales of higher and better use (“HBU”) and surplus properties which resulted in gains of $0.5 million in the Land Management segment, a disposal of equipment in the Rigid Industrial Packaging & Services segment that resulted in a gain of $1.7 million, a sale of property that was previously classified as held for sale in the Rigid Industrial Packaging & Services segment that resulted in a gain of $0.6 million and sales of other miscellaneous equipment which resulted in aggregate gains of $0.3 million.

For the six months ended April 30, 2013, the Company recorded a gain on disposal of property, plant and equipment, net of $4.3 million. There were sales of HBU and surplus properties which resulted in gains of $0.7 million in the Land Management segment, a sale of equipment in the Paper Packaging segment that resulted in a gain of $0.6 million, a disposal of property and equipment in the Rigid Industrial Packaging & Services segment that resulted in a gain of $2.0 million, a sale of property that was previously classified as held for sale in the Rigid Industrial Packaging & Services segment that resulted in a gain of $0.6 million and sales of other miscellaneous equipment that resulted in aggregate gains of $0.4 million.