XML 14 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jul. 31, 2018
Jul. 31, 2017
Jul. 31, 2018
Jul. 31, 2017
Net sales $ 1,012.1 $ 961.8 $ 2,886.1 $ 2,670.1
Cost of products sold 795.0 774.7 2,302.0 2,137.8
Gross profit 217.1 187.1 584.1 532.3
Selling, general and administrative expenses 99.9 92.6 306.4 286.2
Restructuring charges 3.7 3.9 13.8 8.7
Non-cash asset impairment charges 0.8 2.0 4.1 5.9
Gain on disposal of properties, plants and equipment, net (1.4) (1.1) (7.5) (3.9)
(Gain) loss on disposal of businesses, net 0.1 (0.8) 0.1 (2.2)
Operating profit 114.0 90.5 267.2 237.6
Interest expense, net 12.1 13.7 38.4 46.7
Pension settlement charge 0.4 1.0 0.4 25.6
Other expense, net 4.8 1.4 15.0 8.2
Income before income tax expense and equity earnings of unconsolidated affiliates, net 96.7 74.4 213.4 157.1
Income tax expense 25.7 27.2 31.2 62.0
Equity earnings of unconsolidated affiliates, net of tax (1.0) (0.3) (1.8) (0.3)
Net income 72.0 47.5 184.0 95.4
Net income attributable to noncontrolling interests (4.3) (3.6) (14.7) (10.1)
Net income attributable to Greif, Inc. $ 67.7 $ 43.9 $ 169.3 $ 85.3
Class A Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 1.15 $ 0.74 $ 2.88 $ 1.45
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 1.15 $ 0.74 $ 2.88 $ 1.45
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 25,941,279 25,834,636 25,907,423 25,815,533
Weighted-average number of common shares outstanding, diluted (shares) 25,941,279 25,835,294 25,907,423 25,818,817
Cash dividends declared per common share:        
Cash dividends declared per common share (usd per share) $ 0.42 $ 0.42 $ 1.26 $ 1.26
Class B Common Stock        
Basic earnings per share attributable to Greif, Inc. common shareholders:        
Basic earnings per share attributable to Greif, Inc. common shareholders (usd per share) 1.72 1.12 4.31 2.17
Diluted earnings per share attributable to Greif, Inc. common shareholders:        
Diluted earnings per share attributable to Greif, Inc. common shareholders (usd per share) $ 1.72 $ 1.12 $ 4.31 $ 2.17
Weighted-average number of common shares outstanding:        
Weighted-average number of common shares outstanding, basic (shares) 22,000,000 22,000,000 22,000,000 22,000,000
Weighted-average number of common shares outstanding, diluted (shares) 22,000,000 22,000,000 22,000,000 22,000,000
Cash dividends declared per common share:        
Cash dividends declared per common share (usd per share) $ 0.63 $ 0.63 $ 1.88 $ 1.88