XML 54 R32.htm IDEA: XBRL DOCUMENT
v3.20.4

Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Changes in Carrying Amount of Goodwill by Segment | The following table summarizes the changes in the carrying amount of goodwill by segment for the years ended October 31, 2020 and 2019:
(in millions) | Rigid Industrial Packaging & Services (1) |  | Paper Packaging & Services |  |  |  |  |  | Total
Balance at October 31, 2018 | $ | 716.5 |  |  | $ | 59.5 |  |  |  |  |  |  | $ | 776.0 |
Goodwill acquired | 22.3 |  |  | 726.6 |  |  |  |  |  |  | 748.9 |
Goodwill allocated to divestitures and businesses held for sale |  |  | — |  |  |  |  |  |  | — |
Goodwill adjustments | — |  |  | — |  |  |  |  |  |  | — |
Currency translation | (7.1) |  |  | — |  |  |  |  |  |  | (7.1) |
Balance at October 31, 2019 | $ | 731.7 |  |  | $ | 786.1 |  |  |  |  |  |  | $ | 1,517.8 |
Goodwill acquired | — |  |  | — |  |  |  |  |  |  | — |
Goodwill allocated to divestitures and businesses held for sale | (0.7) |  |  | (35.6) |  |  |  |  |  |  | (36.3) |
Goodwill adjustments related to acquisitions | 1.1 |  |  | 17.4 |  |  |  |  |  |  | 18.5 |
Currency translation | 18.4 |  |  | — |  |  |  |  |  |  | 18.4 |
Balance at October 31, 2020 | $ | 750.5 |  |  | $ | 767.9 |  |  |  |  |  |  | $ | 1,518.4 |
(1)Accumulated goodwill impairment loss was $63.3 million as of October 31, 2020, 2019 and 2018. Included in the accumulated goodwill impairment loss was $13.0 million related to the Rigid Industrial Packaging & Services segment and $50.3 million related to the Flexible Products & Services segment.
Summary of Carrying Amount of Net Intangible Assets by Class | The following table summarizes the carrying amount of net intangible assets by class as of October 31, 2020 and 2019:
(in millions) | Gross Intangible Assets |  | Accumulated Amortization |  | Net Intangible Assets
October 31, 2020: |  |  |  |  |
Indefinite lived: |  |  |  |  |
Trademarks and patents | $ | 13.5 |  |  | $ | — |  |  | $ | 13.5 |
Definite lived: |  |  |  |  |
Customer relationships | $ | 891.8 |  |  | $ | 204.9 |  |  | $ | 686.9 |
Trademarks and patents | 27.4 |  |  | 14.9 |  |  | 12.5 |
Non-compete agreements | 1.7 |  |  | 1.2 |  |  | 0.5 |
Other | 20.9 |  |  | 19.0 |  |  | 1.9 |
Total | $ | 955.3 |  |  | $ | 240.0 |  |  | $ | 715.3 |
October 31, 2019: |  |  |  |  |
Indefinite lived: |  |  |  |  |
Trademarks and patents | $ | 13.1 |  |  | $ | — |  |  | $ | 13.1 |
Definite lived: |  |  |  |  |
Customer relationships | $ | 890.6 |  |  | $ | 150.3 |  |  | $ | 740.3 |
Trademarks and patents | 27.0 |  |  | 9.3 |  |  | 17.7 |
Non-compete agreements | 2.3 |  |  | 0.7 |  |  | 1.6 |
Other | 21.9 |  |  | 18.1 |  |  | 3.8 |
Total | $ | 954.9 |  |  | $ | 178.4 |  |  | $ | 776.5 |

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

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration