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EQUITY AND COMPREHENSIVE INCOME (LOSS) (Tables) | 9 Months Ended
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Jul. 31, 2018
Equity [Abstract] |
Summary of Changes in Equity | The following table summarizes the changes of equity from October 31, 2017 to July 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 |  |  |  |  |  |  |  |  | 169.3 |  |  |  |  | 169.3 |  |  | 14.7 |  |  | 184.0 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- foreign currency translation |  |  |  |  |  |  |  |  |  |  | (20.9 | ) |  | (20.9 | ) |  | (2.9 | ) |  | (23.8 | )
- derivative financial instruments, net of income tax expense of $2.5 million |  |  |  |  |  |  |  |  | (0.6 | ) |  | 8.1 |  |  | 7.5 |  |  |  |  | 7.5 |
- minimum pension liability adjustment, net of immaterial income tax |  |  |  |  |  |  |  |  |  |  | 17.4 |  |  | 17.4 |  |  |  |  | 17.4 |
Comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  | 173.3 |  |  |  |  | 185.1 |
Current period mark to redemption value of redeemable noncontrolling interest |  |  |  |  |  |  |  |  | (1.5 | ) |  |  |  | (1.5 | ) |  |  |  | (1.5 | )
Net income allocated to redeemable noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (2.9 | ) |  | (2.9 | )
Dividends paid to Greif, Inc. shareholders |  |  |  |  |  |  |  |  | (74.0 | ) |  |  |  | (74.0 | ) |  |  |  | (74.0 | )
Dividends paid to noncontrolling interests |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | (3.3 | ) |  | (3.3 | )
Restricted stock directors | 21 |  |  | 1.2 |  |  | (21 | ) |  | — |  |  |  |  |  |  | 1.2 |  |  |  |  | 1.2 |
Long-term incentive shares issued | 85 |  |  | 5.1 |  |  | (85 | ) |  | 0.2 |  |  |  |  |  |  | 5.3 |  |  |  |  | 5.3 |
As of July 31, 2018 | 47,949 |  |  | $ | 150.5 |  |  | 28,893 |  |  | $ | (135.4 | ) |  | $ | 1,453.7 |  |  | $ | (353.6 | ) |  | $ | 1,115.2 |  |  | $ | 42.2 |  |  | $ | 1,157.4 |
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 expense 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 | )
Dividends paid to Greif, Inc. shareholders |  |  |  |  |  |  |  |  | (73.9 | ) |  |  |  | (73.9 | ) |  |  |  | (73.9 | )
Dividends paid 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 |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table provides the rollforward of accumulated other comprehensive income (loss) for the nine months ended July 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) | (20.9 | ) |  | 8.1 |  |  | 17.4 |  |  | 4.6 |
Current-period Other Comprehensive Income (Loss) | (20.9 | ) |  | 8.1 |  |  | 17.4 |  |  | 4.6 |
Balance as of July 31, 2018 | $ | (270.2 | ) |  | $ | 13.2 |  |  | $ | (96.6 | ) |  | $ | (353.6 | )
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 | )

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