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EARNINGS PER SHARE (Tables)

3 Months Ended

Jan. 31, 2019

Earnings Per Share [Abstract]

Computation of Class Based Basic and Diluted Earnings Per Share

The Company calculates EPS as follows:

Basic Class A EPS	=	40% * Average Class A Shares Outstanding	*	Undistributed Net Income	+	Class A Dividends Per Share
		40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding		Average Class A Shares Outstanding
Diluted Class A EPS	=	40% * Average Class A Shares Outstanding	*	Undistributed Net Income	+	Class A Dividends Per Share
		40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding		Average Diluted Class A Shares Outstanding
Basic Class B EPS	=	60% * Average Class B Shares Outstanding	*	Undistributed Net Income	+	Class B Dividends Per Share
		40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding		Average Class B Shares Outstanding

*Diluted Class B EPS calculation is identical to Basic Class B calculation

Computation of Earnings Per Share Basic and Diluted

The following table provides EPS information for each period, respectively:

	Three Months Ended January 31,
(in millions)	2019				2018
Numerator for basic and diluted EPS
Net income attributable to Greif, Inc.	$	29.7			$	56.5
Cash dividends	(25.7		)		(24.5		)
Undistributed net income (loss) attributable to Greif, Inc.	$	4.0			$	32.0

Summarization of Company's Class A and Class B Common and Treasury Shares

The following table summarizes the Company’s Class A and Class B common and treasury shares as of the specified dates:

	Authorized Shares			Issued Shares			Outstanding Shares			Treasury Shares
January 31, 2019
Class A Common Stock	128,000,000			42,281,920			26,232,799			16,049,121
Class B Common Stock	69,120,000			34,560,000			22,007,725			12,552,275
October 31, 2018
Class A Common Stock	128,000,000			42,281,920			25,941,279			16,340,641
Class B Common Stock	69,120,000			34,560,000			22,007,725			12,552,275

Reconciliation of Shares Used to Calculate Basic and Diluted Earnings Per Share

The following is a reconciliation of the shares used to calculate basic and diluted earnings per share:

	Three Months Ended January 31,
	2019			2018
Class A Common Stock:
Basic shares	25,991,433			25,845,758
Assumed conversion of restricted shares	—			—
Diluted shares	25,991,433			25,845,758
Class B Common Stock:
Basic and diluted shares	22,007,725			22,007,725

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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