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BUSINESS SEGMENT INFORMATION (Tables) | 6 Months Ended
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Apr. 30, 2021
Segment Reporting [Abstract] |
Revenue from External Customers by Geographic Areas | The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2021:
| Three Months Ended April 30, 2021
(in millions) | United States |  | Europe, Middle East and Africa |  | Asia Pacific and Other Americas |  | Total
Global Industrial Packaging | $ | 250.3 |  |  | $ | 410.5 |  |  | $ | 137.2 |  |  | $ | 798.0 |
Paper Packaging & Services | 528.4 |  |  | — |  |  | 8.6 |  |  | 537.0 |
Land Management | 5.6 |  |  | — |  |  | — |  |  | 5.6 |
Total net sales | $ | 784.3 |  |  | $ | 410.5 |  |  | $ | 145.8 |  |  | $ | 1,340.6 |
| Six Months Ended April 30, 2021
(in millions) | United States |  | Europe, Middle East and Africa |  | Asia Pacific and Other Americas |  | Total
Global Industrial Packaging | $ | 453.1 |  |  | $ | 741.0 |  |  | $ | 263.2 |  |  | $ | 1,457.3 |
Paper Packaging & Services | 1,001.9 |  |  | — |  |  | 16.0 |  |  | 1,017.9 |
Land Management | 11.9 |  |  | — |  |  | — |  |  | 11.9 |
Total net sales | $ | 1,466.9 |  |  | $ | 741.0 |  |  | $ | 279.2 |  |  | $ | 2,487.1 |
The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2020:
| Three Months Ended April 30, 2020
(in millions) | United States |  | Europe, Middle East and Africa |  | Asia Pacific and Other Americas |  | Total
Global Industrial Packaging | $ | 226.5 |  |  | $ | 336.2 |  |  | $ | 107.3 |  |  | $ | 670.0 |
Paper Packaging & Services | 475.1 |  |  | — |  |  | 6.5 |  |  | 481.6 |
Land Management | 6.7 |  |  | — |  |  | — |  |  | 6.7 |
Total net sales | $ | 708.3 |  |  | $ | 336.2 |  |  | $ | 113.8 |  |  | $ | 1,158.3 |
| Six Months Ended April 30, 2020
(in millions) | United States |  | Europe, Middle East and Africa |  | Asia Pacific and Other Americas |  | Total
Global Industrial Packaging | $ | 435.6 |  |  | $ | 643.5 |  |  | $ | 222.6 |  |  | $ | 1,301.7 |
Paper Packaging & Services | 942.9 |  |  | — |  |  | 12.4 |  |  | 955.3 |
Land Management | 13.7 |  |  | — |  |  | — |  |  | 13.7 |
Total net sales | $ | 1,392.2 |  |  | $ | 643.5 |  |  | $ | 235.0 |  |  | $ | 2,270.7 |
Segment Information | The following segment information is presented for the periods indicated:
| Three Months Ended April 30, |  | Six Months Ended April 30,
(in millions) | 2021 |  | 2020 |  | 2021 |  | 2020
Operating profit (loss): |  |  |  |  |  |  |
Global Industrial Packaging | $ | 76.4 |  |  | $ | 75.1 |  |  | $ | 130.4 |  |  | $ | 119.9 |
Paper Packaging & Services | 27.3 |  |  | (5.5) |  |  | 41.6 |  |  | 27.0 |
Land Management | 96.9 |  |  | 2.4 |  |  | 98.6 |  |  | 4.3 |
Total operating profit | $ | 200.6 |  |  | $ | 72.0 |  |  | $ | 270.6 |  |  | $ | 151.2 |
Depreciation, depletion and amortization expense: |  |  |  |  |  |  |
Global Industrial Packaging | $ | 21.2 |  |  | $ | 21.5 |  |  | $ | 42.2 |  |  | $ | 42.6 |
Paper Packaging & Services | 36.9 |  |  | 38.8 |  |  | 74.1 |  |  | 78.0 |
Land Management | 0.7 |  |  | 0.9 |  |  | 1.8 |  |  | 1.9 |
Total depreciation, depletion and amortization expense | $ | 58.8 |  |  | $ | 61.2 |  |  | $ | 118.1 |  |  | $ | 122.5 |
Properties, Plants and Equipment, Net by Geographical Area | The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:
(in millions) | April 30, 2021 |  | October 31, 2020
Assets: |  |  |
Global Industrial Packaging | $ | 2,561.7 |  |  | $ | 2,338.5 |
Paper Packaging & Services | 2,470.2 |  |  | 2,524.3 |
Land Management | 247.8 |  |  | 348.6 |
Total segments | 5,279.7 |  |  | 5,211.4 |
Corporate and other | 308.2 |  |  | 299.5 |
Total assets | $ | 5,587.9 |  |  | $ | 5,510.9 |
Long lived assets, net*: |  |  |
United States | $ | 1,309.3 |  |  | $ | 1,345.8 |
Europe, Middle East and Africa | 372.9 |  |  | 377.6 |
Asia Pacific and other Americas | 116.6 |  |  | 111.0 |
Total long-lived assets, net | $ | 1,798.8 |  |  | $ | 1,834.4 |
*includes impact of capitalization of operating lease assets |  |  |

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- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: 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 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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