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Equity and Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Apr. 30, 2017
Equity [Abstract] |
Summary of Changes in Equity | The following table summarizes the changes of equity from October 31, 2016 to April 30, 2017 (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 |
As of October 31, 2016 | 47,792 |  |  | $ | 141.4 |  |  | 29,050 |  |  | $ | (135.6 | ) |  | $ | 1,340.0 |  |  | $ | (398.4 | ) |  | $ | 947.4 |  |  | $ | 10.5 |  |  | $ | 957.9 |
Net income |  |  |  |  |  |  |  |  | 41.4 |  |  |  |  | 41.4 |  |  | 6.5 |  |  | 47.9 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- foreign currency translation |  |  |  |  |  |  |  |  |  |  | 3.5 |  |  | 3.5 |  |  | (2.3 | ) |  | 1.2 |
- interest rate derivative, net of income tax of $2.9 million |  |  |  |  |  |  |  |  |  |  | 4.8 |  |  | 4.8 |  |  |  |  | 4.8 |
- change in minimum pension liability adjustment from remeasurement, settlement, and amortization, net of income tax of $17.5 million |  |  |  |  |  |  |  |  |  |  | 29.4 |  |  | 29.4 |  |  |  |  | 29.4 |
Comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  | 79.1 |  |  |  |  | 83.3 |
Net income allocated to redeemable noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (2.2 | ) |  | (2.2 | )
Deconsolidation of noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (2.6 | ) |  | (2.6 | )
Other |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  | — |
Dividends paid to Greif, Inc. shareholders |  |  |  |  |  |  |  |  | (49.2 | ) |  |  |  | (49.2 | ) |  |  |  | (49.2 | )
Dividends to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (3.1 | ) |  | (3.1 | )
Long-term incentive shares issued | 49 |  |  | 2.6 |  |  | (49 | ) |  | 0.1 |  |  |  |  |  |  | 2.7 |  |  |  |  | 2.7 |
As of April 30, 2017 | 47,841 |  |  | $ | 144.0 |  |  | 29,001 |  |  | $ | (135.5 | ) |  | $ | 1,332.2 |  |  | $ | (360.7 | ) |  | $ | 980.0 |  |  | $ | 6.8 |  |  | $ | 986.8 |
The following table summarizes the changes of equity from October 31, 2015 to April 30, 2016 (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 |
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 |  |  |  |  |  |  |  |  | 20.3 |  |  |  |  | 20.3 |  |  | 2.3 |  |  | 22.6 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- foreign currency translation |  |  |  |  |  |  |  |  |  |  | 18.6 |  |  | 18.6 |  |  | (0.6 | ) |  | 18.0 |
- minimum pension liability adjustment, net of immaterial income tax |  |  |  |  |  |  |  |  |  |  | 0.6 |  |  | 0.6 |  |  |  |  | 0.6 |
Comprehensive loss |  |  |  |  |  |  |  |  |  |  |  |  | 39.5 |  |  |  |  | 41.2 |
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 |  |  |  |  |  |  |  |  | (2.0 | ) |  |  |  | (2.0 | ) |  |  |  | (2.0 | )
Reclassification of redeemable noncontrolling interest |  |  |  |  |  |  |  |  | 1.2 |  |  |  |  | 1.2 |  |  | (22.8 | ) |  | (21.6 | )
Net income allocated to redeemable noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (2.4 | ) |  | (2.4 | )
Other |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (0.3 | ) |  | (0.3 | )
Dividends paid to Greif, Inc. shareholders |  |  |  |  |  |  |  |  | (49.3 | ) |  |  |  | (49.3 | ) |  |  |  | (49.3 | )
Dividends paid to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (2.2 | ) |  | (2.2 | )
Treasury shares acquired | (110 | ) |  |  |  | 110 |  |  | (5.2 | ) |  |  |  |  |  | (5.2 | ) |  |  |  | (5.2 | )
Restricted stock executives and directors | 42 |  |  | 1.0 |  |  | (42 | ) |  | 0.1 |  |  |  |  |  |  | 1.1 |  |  |  |  | 1.1 |
Long-term incentive shares issued | 41 |  |  | 1.0 |  |  | (41 | ) |  | 0.1 |  |  |  |  |  |  | 1.1 |  |  |  |  | 1.1 |
As of April 30, 2016 | 47,787 |  |  | $ | 141.1 |  |  | 29,055 |  |  | $ | (135.6 | ) |  | $ | 1,334.9 |  |  | $ | (358.2 | ) |  | $ | 982.2 |  |  | $ | 18.3 |  |  | $ | 1,000.5 |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2017:
(in millions) | Foreign Currency Translation |  | Interest Rate Derivative |  | Minimum Pension Liability Adjustment |  | Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2016 | $ | (270.2 | ) |  | $ | — |  |  | $ | (128.2 | ) |  | $ | (398.4 | )
Other Comprehensive Income | 3.5 |  |  | 4.8 |  |  | 29.4 |  |  | 37.7 |
Current-period Other Comprehensive Income | 3.5 |  |  | 4.8 |  |  | 29.4 |  |  | 37.7 |
Balance as of April 30, 2017 | $ | (266.7 | ) |  | $ | 4.8 |  |  | $ | (98.8 | ) |  | $ | (360.7 | )
The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2016:
(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 Before Reclassifications | 18.6 |  |  | 0.6 |  |  | 19.2 |
Current-period Other Comprehensive Income | 18.6 |  |  | 0.6 |  |  | 19.2 |
Balance as of April 30, 2016 | $ | (238.0 | ) |  | $ | (120.2 | ) |  | $ | (358.2 | )

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