XML 17 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
Total
Executive
Directors
Greif, Inc. Equity
Greif, Inc. Equity
Executive
Greif, Inc. Equity
Directors
Capital Stock
Capital Stock
Executive
Capital Stock
Directors
Treasury Stock
Treasury Stock
Executive
Treasury Stock
Directors
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non controlling interests
Beginning balance (in shares) at Oct. 31, 2021             48,559                
Beginning balance at Oct. 31, 2021 $ 1,575.6     $ 1,514.3     $ 179.3     $ (134.1)     $ 1,825.6 $ (356.5) $ 61.3
Beginning balance (in shares) at Oct. 31, 2021                   28,283          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 291.4     277.2                 277.2   14.2
Other comprehensive income (loss):                              
Foreign currency translation 1.8     8.6                   8.6 (6.8)
Derivative financial instruments, net of income tax expense/benefit 37.1     37.1                   37.1  
Minimum pension liability adjustment, net of income tax expense/benefit 9.2     9.2                   9.2  
Comprehensive income 339.5     332.1                      
Divestment of noncontrolling interest (24.4)                           (24.4)
Current period mark to redemption value of redeemable noncontrolling interest and other 4.6     4.6                 4.6    
Net income allocated to redeemable noncontrolling interests (0.1)                           (0.1)
Dividends paid to Greif, Inc. shareholders (82.0)     (82.0)                 (82.0)    
Dividends paid to noncontrolling interests and other (8.7)                           (8.7)
Dividends earned on RSU shares (1.1)     (1.1)                 (1.1)    
Share repurchases (in shares)             (1,022)     1,022          
Share repurchases (75.0)     (75.0)     $ (15.0)     $ (60.0)          
Long-term incentive shares issued (in shares)             52     (52)          
Long-term incentive shares issued 3.1     3.1     $ 3.0     $ 0.1          
Share based compensation 3.8     3.8     $ 3.8                
Restricted stock (in shares)               3 22   (3) (22)      
Restricted stock   $ 0.1 $ 1.2   $ 0.1 $ 1.2   $ 0.1 $ 1.2     $ 0.0      
Ending balance (in shares) at Jul. 31, 2022             47,614                
Ending balance at Jul. 31, 2022 1,736.6     1,701.1     $ 172.4     $ (194.0)     2,024.3 (301.6) 35.5
Ending balance (in shares) at Jul. 31, 2022                   29,228          
Beginning balance (in shares) at Apr. 30, 2022             48,636                
Beginning balance at Apr. 30, 2022 1,718.4     1,686.4     $ 186.0     $ (134.0)     1,910.3 (275.9) 32.0
Beginning balance (in shares) at Apr. 30, 2022                   28,206          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 146.1     141.8                 141.8   4.3
Other comprehensive income (loss):                              
Foreign currency translation (30.8)     (29.6)                   (29.6) (1.2)
Derivative financial instruments, net of income tax expense/benefit 1.2     1.2                   1.2  
Minimum pension liability adjustment, net of income tax expense/benefit 2.7     2.7                   2.7  
Comprehensive income 119.2     116.1                      
Current period mark to redemption value of redeemable noncontrolling interest and other (0.3)     (0.3)                 (0.3)    
Net income allocated to redeemable noncontrolling interests (0.2)                           (0.2)
Dividends paid to Greif, Inc. shareholders (27.4)     (27.4)                 (27.4)    
Dividends paid to noncontrolling interests and other 0.6                           0.6
Dividends earned on RSU shares (0.1)     (0.1)                 (0.1)    
Share repurchases (in shares)             (1,022)     1,022          
Share repurchases (75.0)     (75.0)     $ (15.0)     $ (60.0)          
Share based compensation 1.4     1.4     $ 1.4                
Ending balance (in shares) at Jul. 31, 2022             47,614                
Ending balance at Jul. 31, 2022 1,736.6     1,701.1     $ 172.4     $ (194.0)     2,024.3 (301.6) 35.5
Ending balance (in shares) at Jul. 31, 2022                   29,228          
Beginning balance (in shares) at Oct. 31, 2022             47,443                
Beginning balance at Oct. 31, 2022 1,794.3     1,761.3     $ 173.5     $ (205.1)     2,095.2 (302.3) 33.0
Beginning balance (in shares) at Oct. 31, 2022                   29,399          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 305.8     291.4                 291.4   14.4
Other comprehensive income (loss):                              
Foreign currency translation 44.8     44.5                   44.5 0.3
Derivative financial instruments, net of income tax expense/benefit (13.5)     (13.5)                   (13.5)  
Minimum pension liability adjustment, net of income tax expense/benefit (5.4)     (5.4)                   (5.4)  
Comprehensive income 331.7     317.0                      
Current period mark to redemption value of redeemable noncontrolling interest and other (0.3)     (0.3)                 (0.3)    
Net income allocated to redeemable noncontrolling interests (1.3)                           (1.3)
Dividends paid to Greif, Inc. shareholders (86.7)     (86.7)                 (86.7)    
Dividends paid to noncontrolling interests and other (5.9)                           (5.9)
Dividends earned on RSU shares 0.1     0.1                 0.1    
Colleague stock purchase plan 0.1     0.1     $ 0.1                
Share repurchases (in shares)             (1,006)     1,006          
Share repurchases (63.9)     (63.9)     $ 15.0     $ (78.9)          
Long-term incentive shares issued (in shares)             350     (350)          
Long-term incentive shares issued 16.7     16.7     $ 14.7     $ 2.0          
Share based compensation 2.7     2.7     $ 2.7                
Restricted stock (in shares)                 18     (18)      
Restricted stock     $ 1.3           $ 1.2 0.1          
Ending balance (in shares) at Jul. 31, 2023             46,805                
Ending balance at Jul. 31, 2023 1,988.8     1,948.3     $ 207.2     $ (281.9)     2,299.7 (276.7) 40.5
Ending balance (in shares) at Jul. 31, 2023                   30,037          
Beginning balance (in shares) at Apr. 30, 2023             46,861                
Beginning balance at Apr. 30, 2023 1,914.9     1,879.8     $ 205.8     $ (277.6)     2,239.7 (288.1) 35.1
Beginning balance (in shares) at Apr. 30, 2023                   29,981          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Net income 96.7     90.3                 90.3   6.4
Other comprehensive income (loss):                              
Foreign currency translation (4.2)     (4.3)                   (4.3) 0.1
Derivative financial instruments, net of income tax expense/benefit 17.3     17.3                   17.3  
Minimum pension liability adjustment, net of income tax expense/benefit (1.6)     (1.6)                   (1.6)  
Comprehensive income 108.2     101.7                      
Current period mark to redemption value of redeemable noncontrolling interest and other (1.3)     (1.3)                 (1.3)    
Net income allocated to redeemable noncontrolling interests (1.1)                           (1.1)
Dividends paid to Greif, Inc. shareholders (28.8)     (28.8)                 (28.8)    
Dividends earned on RSU shares (0.2)     (0.2)                 (0.2)    
Colleague stock purchase plan 0.1     0.1     $ 0.1                
Share repurchases (in shares)             (57)     57          
Share repurchases (4.3)     (4.3)     $ 0.0     $ (4.3)          
Long-term incentive shares issued (in shares)             1     (1)          
Long-term incentive shares issued 0.1     0.1     $ 0.1     $ 0.0          
Share based compensation 1.2     1.2     $ 1.2                
Ending balance (in shares) at Jul. 31, 2023             46,805                
Ending balance at Jul. 31, 2023 $ 1,988.8     $ 1,948.3     $ 207.2     $ (281.9)     $ 2,299.7 $ (276.7) $ 40.5
Ending balance (in shares) at Jul. 31, 2023                   30,037