XML 46 R28.htm IDEA: XBRL DOCUMENT
v3.21.1

LEASES (Tables) | 6 Months Ended
--- | ---
Apr. 30, 2021
Leases [Abstract] |
Components of Lease Expense | The following table presents the lease expense components for the three and six months ended April 30, 2021 and 2020:
| Three Months Ended April 30, |  | Six Months Ended April 30,
(in millions) | 2021 |  | 2020 |  | 2021 |  | 2020
Operating lease cost | $ | 17.2 |  |  | $ | 15.6 |  |  | $ | 34.5 |  |  | $ | 32.8 |
Other lease cost* | 7.0 |  |  | 8.1 |  |  | 12.7 |  |  | 14.5 |
Total lease cost | $ | 24.2 |  |  | $ | 23.7 |  |  | $ | 47.2 |  |  | $ | 47.3 |
*Amount includes variable, short-term, and finance lease costs. The following table presents other required lease related information for the three and six months ended April 30, 2021 and 2020:
| Three Months Ended April 30, |  | Six Months Ended April 30,
(in millions) | 2021 |  | 2020 |  | 2021 |  | 2020
Operating cash flows used for operating liabilities | $ | 17.2 |  |  | $ | 18.2 |  |  | $ | 34.6 |  |  | $ | 35.3 |
Leased assets obtained in exchange for new operating lease liabilities | 11.7 |  |  | 34.3 |  |  | 13.6 |  |  | 63.1 |
Maturities of Operating Lease Liabilities | Future maturity for the Company's lease liabilities, during the next five years, and in the aggregate for the years thereafter, are as follows:
(in millions) | April 30, 2021
2021 | $ | 67.3 |
2022 | 59.9 |
2023 | 51.3 |
2024 | 42.3 |
2025 | 38.0 |
Thereafter | 143.4 |
Total lease payments | $ | 402.2 |
Less: Interest | (100.0) |
Lease liabilities | $ | 302.2 |
Schedule of Weighted-Average Lease Term and Discount Rate | The following table presents the weighted-average lease term and discount rate as of April 30, 2021 and 2020:
| April 30, 2021 |  | April 30, 2020
Weighted-average remaining lease term (years) for operating lease liabilities | 10.7 |  | 11.4
Weighted-average discount rate for operating lease liabilities | 3.66 | % |  | 3.81 | %

X
- Definition Lease Term And Discount Rate, Lessee [Table Text Block] + References No definition available. + Details
Name: | gef_LeaseTermAndDiscountRateLesseeTableTextBlock
Namespace Prefix: | gef_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration