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Equity and Comprehensive Income (Loss) (Tables) | 3 Months Ended
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Jan. 31, 2016
Equity [Abstract] |
Summary of Changes in Equity | The following table summarizes the changes of equity from October 31, 2015 to January 31, 2016 (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 |
As of October 31, 2015 |  |  | 47,814 |  |  | $ | 139.1 |  |  |  | 29,028 |  |  | $ | (130.6 | ) |  | $ | 1,384.5 |  |  | $ | (377.4 | ) |  | $ | 1,015.6 |  |  | $ | 44.3 |  |  | $ | 1,059.9 |
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (11.1 | ) |  |  |  |  |  |  | (11.1 | ) |  |  | 1.2 |  |  |  | (9.9 | )
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- foreign currency translation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (24.7 | ) |  |  | (24.7 | ) |  |  | (3.6 | ) |  |  | (28.3 | )
- minimum pension liability adjustment, net of income tax expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.9 |  |  |  | 1.9 |  |  |  |  |  |  |  | 1.9 |
Comprehensive loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (33.9 | ) |  |  |  |  |  |  | (36.3 | )
Out of period mark to redemption value of redeemable noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (19.8 | ) |  |  |  |  |  |  | (19.8 | ) |  |  |  |  |  |  | (19.8 | )
Current period mark to redemption value of redeemable noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.1 |  |  |  |  |  |  |  | 0.1 |  |  |  |  |  |  |  | 0.1 |
Reclassification of redeemable noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1.2 |  |  |  |  |  |  |  | 1.2 |  |  |  | (23.2 | ) |  |  | (22.0 | )
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  | (0.4 | ) |  |  | (0.4 | )
Dividends paid to Greif, Inc. shareholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (24.5 | ) |  |  |  |  |  |  | (24.5 | ) |  |  |  |  |  |  | (24.5 | )
Dividends paid to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | — |
Long-term incentive shares issued |  |  | 41 |  |  |  | 1.0 |  |  |  | (41 | ) |  |  | 0.1 |  |  |  |  |  |  |  |  |  |  |  | 1.1 |  |  |  |  |  |  |  | 1.1 |
As of January 31, 2016 |  |  | 47,855 |  |  | $ | 140.1 |  |  |  | 28,987 |  |  | $ | (130.5 | ) |  | $ | 1,330.4 |  |  | $ | (400.2 | ) |  | $ | 939.8 |  |  | $ | 18.3 |  |  | $ | 958.1 |
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 |
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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- foreign currency translation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (60.5 | ) |  |  | (60.5 | ) |  |  | (14.1 | ) |  |  | (74.6 | )
- Net reclassification of cash flow hedges to earnings, net of income tax expense of $0.0 million |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 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 Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (24.8 | ) |  |  |  |  |  |  | (40.8 | )
Noncontrolling interests, loan conversion and other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.4 | ) |  |  |  |  |  |  | (0.4 | ) |  |  | (11.4 | ) |  |  | (11.8 | )
Dividends paid to Greif, Inc. shareholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (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 |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table provides the rollforward of accumulated other comprehensive income (loss) for the three months ended January 31, 2016 (Dollars in millions):
|  | Foreign Currency Translation |  |  | Minimum Pension Liability Adjustment |  |  | Accumulated Other Comprehensive Income (Loss) |
Balance as of October 31, 2015 |  | $ | (256.6 | ) |  | $ | (120.8 | ) |  | $ | (377.4 | )
Other Comprehensive Income (Loss) Before Reclassifications |  |  | (24.7 | ) |  |  | 1.9 |  |  |  | (22.8 | )
Current-period Other Comprehensive Income (Loss) |  |  | (24.7 | ) |  |  | 1.9 |  |  |  | (22.8 | )
Balance as of January 31, 2016 |  | $ | (281.3 | ) |  | $ | (118.9 | ) |  | $ | (400.2 | )
The following table provides the rollforward of accumulated other comprehensive income (loss) 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 | )

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