XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.22.4

SUBSEQUENT EVENTS | 3 Months Ended
--- | ---
Jan. 31, 2023
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Acquisitions On February 28, 2023, the Company entered into a definitive agreement to increase its ownership interest in Centurion Container LLC (“Centurion”), a leader in the North American IBC reconditioning industry, to an 80% stake in an all-cash transaction for $145.0 million, subject to customary adjustments for cash and debt, and subject to customary closing conditions, including regulatory clearances. The all-cash transaction will be funded through Greif’s existing credit facility. The company anticipates completing the acquisition in the second fiscal quarter of 2023. The Company anticipates completing the preliminary purchase price allocation in the second fiscal quarter of 2023, which would then be reflected in the Company’s April 30, 2023 financial statements. The results of operations of the acquired business will be included in the Company’s results from the closing date of the acquisition. Stock Repurchase Program The Company settled the ASR and received the remaining shares of Class A Common Stock at February 28, 2023. See Note 10 to the Condensed Consolidated Financial Statements included in Item 1 of Part I of this Form 10-Q for additional information regarding this program and the repurchase of shares of Class A and B Common Stock.

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

X
- 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
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration