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Correction of Errors (Tables)
9 Months Ended
Jul. 31, 2013
Accounting Changes And Error Corrections [Abstract]  
Stated and Corrected Balances of Previous Years

The following are the previously stated and corrected balances of certain consolidated statements of operations and consolidated balance sheets (Dollars in millions, except per share amounts):

 

     Three months ended  
     January 31, 2013  
     As Reported      Adjustments     As Adjusted  

Cost of products sold

   $ 821.3       $ 0.6      $ 821.9   

Gross profit

     187.3         (0.6     186.7   

Operating profit

     64.6         (0.6     64.0   

Income before income tax expense and equity earnings of unconsolidated affiliates, net

     38.6         (0.6     38.0   

Income tax expense

     12.5         0.7        13.2   

Net income

     26.2         (1.3     24.9   

Net income attributable to Greif, Inc.

     24.9         (1.3     23.6   

Basic earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 0.43       $ (0.02   $ 0.41   

Class B Common Stock

   $ 0.63       $ (0.03   $ 0.60   

Diluted earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 0.43       $ (0.02   $ 0.41   

Class B Common Stock

   $ 0.63       $ (0.03   $ 0.60   
     Three months ended  
     April 30, 2013  
     As Reported      Adjustments     As Adjusted  

Income tax expense

   $ 18.9       $ 0.7      $ 19.6   

Net income

     43.0         (0.7     42.3   

Net income attributable to Greif, Inc.

     40.9         (0.7     40.2   

Basic earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 0.70       $ (0.01   $ 0.69   

Class B Common Stock

   $ 1.05       $ (0.02   $ 1.03   

Diluted earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 0.70       $ (0.01   $ 0.69   

Class B Common Stock

   $ 1.05       $ (0.02   $ 1.03   

 

     Three months ended  
     July 31, 2012  
     As Reported      Adjustments     As Adjusted  

Selling, general and administrative expenses

   $ 116.4       $ 0.4      $ 116.8   

Operating profit

     85.2         (0.4     84.8   

Income before income tax expense and equity earnings of unconsolidated affiliates, net

     65.1         (0.4     64.7   

Income tax expense

     24.4         0.6        25.0   

Net income

     40.0         (1.0     39.0   

Net income attributable to Greif, Inc.

     38.5         (1.0     37.5   

Basic earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 0.66       $ (0.02   $ 0.64   

Class B Common Stock

   $ 0.99       $ (0.03   $ 0.96   

Diluted earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 0.66       $ (0.02   $ 0.64   

Class B Common Stock

   $ 0.99       $ (0.03   $ 0.96   
     Nine months ended  
     July 31, 2012  
     As Reported      Adjustments     As Adjusted  

Cost of products sold

   $ 2,608.8       $ 0.1      $ 2,608.9   

Gross profit

     585.1         (0.1     585.0   

Selling, general and administrative expenses

     348.6         1.2        349.8   

Operating profit

     220.0         (1.3     218.7   

Income before income tax expense and equity earnings of unconsolidated affiliates, net

     151.2         (1.3     149.9   

Income tax expense

     50.5         1.7        52.2   

Net income

     102.0         (3.0     99.0   

Net income attributable to Greif, Inc.

     99.6         (3.0     96.6   

Basic earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 1.71       $ (0.05   $ 1.66   

Class B Common Stock

   $ 2.56       $ (0.08   $ 2.48   

Diluted earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 1.71       $ (0.05   $ 1.66   

Class B Common Stock

   $ 2.56       $ (0.08   $ 2.48   

 

     For the year ended  
     October 31, 2012  
     As Reported      Adjustments     As Adjusted  

Cost of products sold

   $ 3,489.8       $ 0.1      $ 3,489.9   

Gross profit

     779.7         (0.1     779.6   

Selling, general and administrative expenses

     469.4         1.6        471.0   

Operating profit

     284.5         (1.7     282.8   

Income before income tax expense and equity earnings of unconsolidated affiliates, net

     187.1         (1.7     185.4   

Income tax expense

     56.8         2.0        58.8   

Net income

     131.6         (3.7     127.9   

Net income attributable to Greif, Inc.

     126.1         (3.7     122.4   

Basic earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 2.17       $ (0.07   $ 2.10   

Class B Common Stock

   $ 3.24       $ (0.10   $ 3.14   

Diluted earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 2.17       $ (0.07   $ 2.10   

Class B Common Stock

   $ 3.24       $ (0.10   $ 3.14   
     October 31, 2012  
     As Reported      Adjustments     As Adjusted  

Current assets

       

Cash and cash equivalents

   $ 91.7       $ (0.2   $ 91.5   

Trade accounts receivable, less allowance

     453.9         (0.1     453.8   

Inventories

     374.3         (0.8     373.5   

Prepaid expenses and other current assets

     117.2         (2.4     114.8   

Total assets

     3,856.9         (3.5     3,853.4   

Current Liabilities

       

Other current liabilities

     182.6         5.3        187.9   

Long-term liabilities

       

Other long-term liabilities

     116.2         0.8        117.0   

Shareholders’ equity

       

Retained earnings

     1,404.4         (9.6     1,394.8   

Total liabilities and shareholders’ equity

     3,856.9         (3.5     3,853.4   

 

     For the year ended  
     October 31, 2011  
     As Reported      Adjustments     As Adjusted  

Cost of products sold

   $ 3,449.8       $ 0.1      $ 3,449.9   

Gross profit

     798.4         (0.1     798.3   

Selling, general and administrative expenses

     453.3         0.4        453.7   

Operating profit

     330.7         (0.5     330.2   

Income before income tax expense and equity earnings of unconsolidated affiliates, net

     240.6         (0.5     240.1   

Income tax expense

     65.0         2.3        67.3   

Net income

     180.4         (2.8     177.6   

Net income attributable to Greif, Inc.

     177.5         (2.8     174.7   

Basic earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 3.05       $ (0.05   $ 3.00   

Class B Common Stock

   $ 4.56       $ (0.08   $ 4.48   

Diluted earnings per share attributable to Greif, Inc. common shareholders:

       

Class A Common Stock

   $ 3.04       $ (0.05   $ 2.99   

Class B Common Stock

   $ 4.56       $ (0.08   $ 4.48   
     October 31, 2011  
     As Reported      Adjustments     As Adjusted  

Current assets

       

Cash and cash equivalents

   $ 127.4       $ (0.1   $ 127.3   

Prepaid expenses and other current assets

     132.5         (1.8     130.7   

Total assets

     4,188.8         (1.9     4,186.9   

Current Liabilities

       

Other current liabilities

     166.9         3.6        170.5   

Long-term liabilities

       

Other long-term liabilities

     206.4         0.4        206.8   

Shareholders’ equity

       

Retained earnings

     1,376.0         (5.9     1,370.1   

Total liabilities and shareholders’ equity

     4,188.8         (1.9     4,186.9