XML 34 R22.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Equity and Comprehensive Income (Loss) | 9 Months Ended
--- | ---
Jul. 31, 2017
Equity [Abstract] |
Equity and Comprehensive Income (Loss) | EQUITY AND COMPREHENSIVE INCOME (LOSS) The following table summarizes the changes of equity from October 31, 2016 to July 31, 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 |  |  |  |  |  |  |  |  | 85.3 |  |  |  |  | 85.3 |  |  | 10.1 |  |  | 95.4 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- foreign currency translation |  |  |  |  |  |  |  |  |  |  | 33.4 |  |  | 33.4 |  |  | (1.7 | ) |  | 31.7 |
- interest rate derivative, net of income tax of $2.5 million |  |  |  |  |  |  |  |  |  |  | 4.0 |  |  | 4.0 |  |  |  |  | 4.0 |
- change in minimum pension liability adjustment from remeasurement, settlement, and amortization, net of income tax of $17.5 million |  |  |  |  |  |  |  |  |  |  | 29.8 |  |  | 29.8 |  |  |  |  | 29.8 |
Comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  | 152.5 |  |  |  |  | 160.9 |
Current period mark to redemption value of redeemable noncontrolling interest |  |  |  |  |  |  |  |  | 3.8 |  |  |  |  | 3.8 |  |  |  |  | 3.8 |
Net income allocated to redeemable noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (3.1 | ) |  | (3.1 | )
Deconsolidation of noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (2.6 | ) |  | (2.6 | )
Other |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  | — |
Dividends paid to Greif, Inc. shareholders |  |  |  |  |  |  |  |  | (73.9 | ) |  |  |  | (73.9 | ) |  |  |  | (73.9 | )
Dividends to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (3.1 | ) |  | (3.1 | )
Treasury shares acquired | (2 | ) |  | — |  |  | 2 |  |  | 0.1 |  |  |  |  |  |  | 0.1 |  |  |  |  | 0.1 |
Restricted stock executives and directors | 24 |  |  | 1.3 |  |  | (24 | ) |  | — |  |  |  |  |  |  | 1.3 |  |  |  |  | 1.3 |
Long-term incentive shares issued | 29 |  |  | 1.5 |  |  | (29 | ) |  | (0.1 | ) |  |  |  |  |  | 1.4 |  |  |  |  | 1.4 |
As of July 31, 2017 | 47,843 |  |  | $ | 144.2 |  |  | 28,999 |  |  | $ | (135.6 | ) |  | $ | 1,355.2 |  |  | $ | (331.2 | ) |  | $ | 1,032.6 |  |  | $ | 10.1 |  |  | $ | 1,042.7 |
The following table summarizes the changes of equity from October 31, 2015 to July 31, 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 |  |  |  |  |  |  |  |  | 66.4 |  |  |  |  | 66.4 |  |  | 2.6 |  |  | 69.0 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- foreign currency translation |  |  |  |  |  |  |  |  |  |  | (5.3 | ) |  | (5.3 | ) |  | (4.3 | ) |  | (9.6 | )
- minimum pension liability adjustment, net of immaterial income tax |  |  |  |  |  |  |  |  |  |  | 3.5 |  |  | 3.5 |  |  |  |  | 3.5 |
Comprehensive loss |  |  |  |  |  |  |  |  |  |  |  |  | 64.6 |  |  |  |  | 62.9 |
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 |  |  |  |  |  |  |  |  | (3.1 | ) |  |  |  | (3.1 | ) |  |  |  | (3.1 | )
Reclassification of redeemable noncontrolling interest |  |  |  |  |  |  |  |  | 1.2 |  |  |  |  | 1.2 |  |  | (22.8 | ) |  | (21.6 | )
Net income allocated to redeemable noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (3.9 | ) |  | (3.9 | )
Other |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (0.4 | ) |  | (0.4 | )
Dividends paid to Greif, Inc. shareholders |  |  |  |  |  |  |  |  | (74.0 | ) |  |  |  | (74.0 | ) |  |  |  | (74.0 | )
Contributions from noncontrolling interest |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | 0.8 |  |  | 0.8 |
Dividends paid to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3.9 | ) |  | (3.9 | )
Treasury shares acquired | (110 | ) |  |  |  | 110 |  |  | (5.2 | ) |  |  |  |  |  | (5.2 | ) |  |  |  | (5.2 | )
Restricted stock executives and directors | 47 |  |  | 1.3 |  |  | (47 | ) |  | 0.1 |  |  |  |  |  |  | 1.4 |  |  |  |  | 1.4 |
Long-term incentive shares issued | 41 |  |  | 1.0 |  |  | (41 | ) |  | 0.1 |  |  |  |  |  |  | 1.1 |  |  |  |  | 1.1 |
As of July 31, 2016 | 47,792 |  |  | $ | 141.4 |  |  | 29,050 |  |  | $ | (135.6 | ) |  | $ | 1,355.2 |  |  | $ | (379.2 | ) |  | $ | 981.8 |  |  | $ | 12.4 |  |  | $ | 994.2 |
The following table provides the rollforward of accumulated other comprehensive income (loss) for the nine months ended July 31, 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 | 33.4 |  |  | 4.0 |  |  | 29.8 |  |  | 67.2 |
Current-period Other Comprehensive Income | 33.4 |  |  | 4.0 |  |  | 29.8 |  |  | 67.2 |
Balance as of July 31, 2017 | $ | (236.8 | ) |  | $ | 4.0 |  |  | $ | (98.4 | ) |  | $ | (331.2 | )
The following table provides the rollforward of accumulated other comprehensive income (loss) for the nine months ended July 31, 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 | (5.3 | ) |  | 3.5 |  |  | (1.8 | )
Current-period Other Comprehensive Income (Loss) | (5.3 | ) |  | 3.5 |  |  | (1.8 | )
Balance as of July 31, 2016 | $ | (261.9 | ) |  | $ | (117.3 | ) |  | $ | (379.2 | )
The components of accumulated other comprehensive income (loss) above are presented net of tax, as applicable.

X
- Definition The entire disclosure for stockholders equity and comprehensive income. + References No definition available. + Details
Name: | gef_StockholdersEquityAndComprehensiveIncomeTextBlock
Namespace Prefix: | gef_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration