XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.22.0.1

ASSETS AND LIABILITIES HELD FOR SALE | 3 Months Ended
--- | ---
Jan. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
ASSETS AND LIABILITIES HELD FOR SALE | ASSETS AND LIABILITIES HELD FOR SALE On December 31, 2021, the Company entered into a definitive agreement to divest its approximately 50% equity interest in the Flexible Products & Services business to its joint venture partner, Gulf Refined Packaging, for a total cash consideration of approximately $123.0 million, subject to certain conditions and post-closing adjustments. The transaction is expected to close by March 31, 2022. As of January 31, 2022, the assets and liabilities in the Flexible Packaging joint venture were classified as assets and liabilities held for sale. The following table presents assets and liabilities classified as held for sale as of January 31, 2022:
(in millions) | January 31, 2022
Cash and cash equivalents | $ | 16.9 |
Trade accounts receivable, net of allowance | 59.6 |
Inventories | 61.8 |
Properties, plants and equipment, net | 41.0 |
Other assets | 22.9 |
Impairment to net realizable value | (62.4) |
Total assets held for sale | $ | 139.8 |
Accounts payable | $ | 50.5 |
Other liabilities | 33.0 |
Total liabilities held for sale | $ | 83.5 |

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

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration