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SUBSEQUENT EVENTS | 12 Months Ended
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Oct. 31, 2022
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS On November 9, 2022, the Company entered into a definitive agreement to acquire Lee Container Corporation, Inc. ("Lee Container"), an industry-leading manufacturer of high-performance barrier and conventional blow molded containers, for a purchase price of $300.0 million in cash, subject to customary closing conditions, including regulatory clearances. On December 15, 2022, the Company completed the Lee Container acquisition. The all-cash transaction was funded through Greif's existing credit facility. Due to the limited time since the Company has completed the acquisition, the Company has not yet completed the initial acquisition accounting for the transaction, including the determination of the fair values of the assets acquired and the liabilities assumed. The Company anticipates completing the preliminary purchase price allocation in the first fiscal quarter of 2023, which would then be reflected in the Company's January 31, 2023 financial statements. The results of operations of the acquired business will be included in the Company's results from December 15, 2022, the date of the closing of the acquisition.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI https://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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