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Assets and Liabilities Held for Sale and Disposals of Property, Plant and Equipment, Net
 6 Months Ended
Apr. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Assets and Liabilities Held for Sale and Disposals of Property, Plant and Equipment, Net

NOTE 5 — ASSETS AND LIABILITIES HELD FOR SALE AND DISPOSALS OF PROPERTY, PLANT AND EQUIPMENT, NET

As of April 30, 2015, there were four asset groups in the Rigid Industrial Packaging & Services segment, one asset group in the Paper Packaging segment and two asset groups in the Flexible Products & Services segment classified as assets and liabilities held for sale. As of October 31, 2014, there were three asset groups in the Rigid Industrial Packaging & Services segment, one asset group in the Flexible Products & Services segment and one asset group in the Land Management segment classified as assets and liabilities held for sale. During the six months ended April 30, 2015, two asset groups previously classified as held for sale within the Rigid Industrial Packaging & Services segment were sold and another asset group consisting of higher and better use (“HBU”) and surplus properties previously classified as held for sale within the Land Management segment were sold. The assets and liabilities 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, 2015, the Company recorded a gain on disposal of property, plants and equipment, net of $0.7 million. There were sales of HBU and surplus properties which resulted in gains of $0.9 million in the Land Management segment and sales of other miscellaneous equipment which resulted in aggregate losses of $0.2 million.

For the six months ended April 30, 2015, the Company recorded a gain on disposal of property, plants and equipment, net of $2.3 million. There were sales of HBU and surplus properties which resulted in gains of $1.3 million in the Land Management segment, a disposal of an asset in the Rigid Industrial Packaging & Services segment that resulted in a gain of $0.9 million, and sales of other miscellaneous equipment which resulted in aggregate gains of $0.1 million. None of these were previously classified as held for sale.

For the three and six months ended April 30, 2015, the Company recorded immaterial gains and gains of $24.3 million, respectively, relating to the sale of timberland. For the three and six months ended April 30, 2014, the Company recorded gains of $8.7 million and $17.1 million, respectively, relating to the sale of timberland.