Equity and Comprehensive Income (Tables)

3 Months Ended

Jan. 31, 2015

The following table summarizes the changes of Equity from October 31, 2014 to January 31, 2015 (Dollars in millions, shares in thousands):


	Capital Stock				Treasury Stock
	Common Shares		Amount		Treasury Shares			Amount			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Greif, Inc. Equity			Non controlling interests			Total Equity
	Common Shares		Amount		Treasury Shares			Amount			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Greif, Inc. Equity			Non controlling interests			Total Equity
As of October 31, 2014		47,724	$	135.5		29,118		$	(130.7	)	$	1,411.7		$	(274.4	)	$	1,142.1		$	81.1		$	1,223.2
Net income												30.1						30.1			(1.9	)		28.2
Other comprehensive income (loss):
- foreign currency translation															(60.5	)		(60.5	)		(14.1	)		(74.6	)
- Net reclassification of cash flow hedges to earnings, net of $0.0 income tax benefit															0.1			0.1						0.1
- minimum pension liability adjustment, net of income tax benefit of $2.1 million															5.5			5.5						5.5

Comprehensive loss																		(24.8	)					(40.8	)

Acquisition of noncontrolling interests and other												(0.4	)					(0.4	)		(11.4	)		(11.8	)
Dividends paid												(24.5	)					(24.5	)					(24.5	)
Stock options exercised		6		0.1		(6	)		—									0.1						0.1
Long-term incentive shares issued		49		2.0		(49	)		0.1									2.1						2.1

As of January 31, 2015		47,779	$	137.6		29,063		$	(130.6	)	$	1,416.9		$	(329.3	)	$	1,094.6		$	53.7		$	1,148.3

The following table summarizes the changes of Equity from October 31, 2013 to January 31, 2014 (Dollars in millions, shares in thousands):


	Capital Stock				Treasury Stock
											Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Greif, Inc. Equity			Non controlling interests			Total Equity
	Common Shares		Amount		Treasury Shares			Amount			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Greif, Inc. Equity			Non controlling interests			Total Equity
As of October 31, 2013		47,577	$	129.4		29,265		$	(131.0	)	$	1,418.8		$	(152.6	)	$	1,264.6		$	115.3		$	1,379.9
Net income												30.7						30.7			1.1			31.8
Other comprehensive income (loss):
- foreign currency translation															(32.3	)		(32.3	)		(0.6	)		(32.9	)
- Net reclassification of cash flow hedges to earnings, net of income tax benefit of $0.1 million															0.1			0.1						0.1
- minimum pension liability adjustment, net of income tax benefit of $0.1 million															(0.3	)		(0.3	)					(0.3	)

Comprehensive loss																		(1.8	)					(1.3	)

Noncontrolling interests, loan conversion and other												(2.1	)					(2.1	)		0.7			(1.4	)
Dividends paid												(24.4	)					(24.4	)					(24.4	)
Stock options exercised		4		0.1		(4	)		—									0.1						0.1
Long-term incentive shares issued		56		2.8		(56	)		0.1									2.9						2.9

As of January 31, 2014		47,637	$	132.3		29,205		$	(130.9	)	$	1,423.0		$	(185.1	)	$	1,239.3		$	116.5		$	1,355.8

Schedule of Accumulated Other Comprehensive Income Loss

The following table provides the rollforward of accumulated other comprehensive income for the three months ended January 31, 2015 (Dollars in millions):


	Foreign Currency Translation			Cash Flow Hedges			Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2014	$	(144.5	)	$	(0.1	)	$	(129.8	)	$	(274.4	)
Other Comprehensive Income (Loss) Before Reclassifications		(60.5	)		—			5.5			(55.0	)
Amounts reclassified from Accumulated Other Comprehensive Loss		—			0.1			—			0.1

Current-period Other Comprehensive Income (Loss)		(60.5	)		0.1			5.5			(54.9	)

Balance as of January 31, 2015	$	(205.0	)	$	—		$	(124.3	)	$	(329.3	)

The following table provides the rollforward of accumulated other comprehensive income for the three months ended January 31, 2014 (Dollars in millions):


	Foreign Currency Translation			Cash Flow Hedges			Minimum Pension Liability Adjustment			Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2013	$	(56.9	)	$	(0.6	)	$	(95.1	)	$	(152.6	)
Other Comprehensive Income (Loss) Before Reclassifications		(32.3	)		(0.1	)		(0.3	)		(32.7	)
Amounts reclassified from Accumulated Other Comprehensive Loss		—			0.2			—			0.2

Current-period Other Comprehensive Income (Loss)		(32.3	)		0.1			(0.3	)		(32.5	)

Balance as of January 31, 2014	$	(89.2	)	$	(0.5	)	$	(95.4	)	$	(185.1	)

Reclassification Out of Accumulated Other Comprehensive Income

The following table provides amounts reclassified out of accumulated other comprehensive income for the three months ended January 31 (Dollars in millions):


Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Loss				Location on Consolidated Statements of Income
	2015		2014

Cash Flow Hedges	$	0.1	$	0.2	Other expense, net