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Equity and Comprehensive Income (Loss) (Tables) | 3 Months Ended
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Jan. 31, 2018
Equity [Abstract] |
Summary of Changes in Equity | The following table summarizes the changes of equity from October 31, 2017 to January 31, 2018 (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, 2017 | 47,843 |  |  | $ | 144.2 |  |  | 28,999 |  |  | $ | (135.6 | ) |  | $ | 1,360.5 |  |  | $ | (358.2 | ) |  | $ | 1,010.9 |  |  | $ | 36.6 |  |  | $ | 1,047.5 |
Net income |  |  |  |  |  |  |  |  | 56.5 |  |  |  |  | 56.5 |  |  | 3.6 |  |  | 60.1 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- foreign currency translation |  |  |  |  |  |  |  |  |  |  | 38.0 |  |  | 38.0 |  |  | 0.4 |  |  | 38.4 |
- interest rate derivative, net of income tax expense of $2.1 million |  |  |  |  |  |  |  |  | (0.6 | ) |  | 4.5 |  |  | 3.9 |  |  |  |  | 3.9 |
- minimum pension liability adjustment, net of immaterial income tax |  |  |  |  |  |  |  |  |  |  | (0.9 | ) |  | (0.9 | ) |  |  |  | (0.9 | )
Comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  | 97.5 |  |  |  |  | 101.5 |
Current period mark to redemption value of redeemable noncontrolling interest |  |  |  |  |  |  |  |  | (1.4 | ) |  |  |  | (1.4 | ) |  |  |  | (1.4 | )
Net income allocated to redeemable noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (1.1 | ) |  | (1.1 | )
Dividends paid to Greif, Inc. shareholders |  |  |  |  |  |  |  |  | (24.5 | ) |  |  |  | (24.5 | ) |  |  |  | (24.5 | )
Dividends paid to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (0.5 | ) |  | (0.5 | )
Long-term incentive shares issued | 82 |  |  | 4.9 |  |  | (82 | ) |  | 0.1 |  |  |  |  |  |  | 5.0 |  |  |  |  | 5.0 |
As of January 31, 2018 | 47,925 |  |  | $ | 149.1 |  |  | 28,917 |  |  | $ | (135.5 | ) |  | $ | 1,390.5 |  |  | $ | (316.6 | ) |  | $ | 1,087.5 |  |  | $ | 39.0 |  |  | $ | 1,126.5 |
The following table summarizes the changes of equity from October 31, 2016 to January 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 |  |  |  |  |  |  |  |  | 5.4 |  |  |  |  | 5.4 |  |  | 2.6 |  |  | 8.0 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- foreign currency translation |  |  |  |  |  |  |  |  |  |  | (7.5 | ) |  | (7.5 | ) |  | (1.7 | ) |  | (9.2 | )
- interest rate derivative, net of tax |  |  |  |  |  |  |  |  |  |  | 4.6 |  |  | 4.6 |  |  |  |  | 4.6 |
- minimum pension liability adjustment, net of immaterial income tax |  |  |  |  |  |  |  |  |  |  | 28.1 |  |  | 28.1 |  |  |  |  | 28.1 |
Comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  | 30.6 |  |  |  |  | 31.5 |
Current period mark to redemption value of redeemable noncontrolling interest |  |  |  |  |  |  |  |  | — |  |  |  |  | — |  |  |  |  | — |
Net income allocated to redeemable noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (1.0 | ) |  | (1.0 | )
Other |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | 0.1 |  |  | 0.1 |
Dividends paid to Greif, Inc. shareholders |  |  |  |  |  |  |  |  | (24.5 | ) |  |  |  | (24.5 | ) |  |  |  | (24.5 | )
Dividends paid to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.3 | ) |  | (0.3 | )
Long-term incentive shares issued | 29 |  |  | 1.5 |  |  | (29 | ) |  | — |  |  |  |  |  |  | 1.5 |  |  |  |  | 1.5 |
As of January 31, 2017 | 47,821 |  |  | $ | 142.9 |  |  | 29,021 |  |  | $ | (135.6 | ) |  | $ | 1,320.9 |  |  | $ | (373.2 | ) |  | $ | 955.0 |  |  | $ | 10.2 |  |  | $ | 965.2 |
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, 2018:
(in millions) | Foreign Currency Translation |  | Interest Rate Derivative |  | Minimum Pension Liability Adjustment |  | Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2017 | $ | (249.3 | ) |  | $ | 5.1 |  |  | $ | (114.0 | ) |  | $ | (358.2 | )
Other Comprehensive Income (Loss) | 38.0 |  |  | 4.5 |  |  | (0.9 | ) |  | 41.6 |
Current-period Other Comprehensive Income (Loss) | 38.0 |  |  | 4.5 |  |  | (0.9 | ) |  | 41.6 |
Balance as of January 31, 2018 | $ | (211.3 | ) |  | $ | 9.6 |  |  | $ | (114.9 | ) |  | $ | (316.6 | )
The following table provides the rollforward of accumulated other comprehensive income (loss) for the three months ended January 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 (Loss) | (7.5 | ) |  | 4.6 |  |  | 28.1 |  |  | 25.2 |
Current-period Other Comprehensive Income (Loss) | (7.5 | ) |  | 4.6 |  |  | 28.1 |  |  | 25.2 |
Balance as of January 31, 2017 | $ | (277.7 | ) |  | $ | 4.6 |  |  | $ | (100.1 | ) |  | $ | (373.2 | )

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