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BUSINESS SEGMENT INFORMATION
 6 Months Ended
Apr. 30, 2024
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION BUSINESS SEGMENT INFORMATION
The Company has six operating segments, which are aggregated into three reportable business segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management.
The Company’s reportable business segments offer different products and services. The accounting policies of the reportable business segments are substantially the same as those described in the “Basis of Presentation and Summary of Significant Accounting Policies” note in the 2023 Form 10-K.
On March 26, 2024, the Company completed the Ipackchem Acquisition. Ipackchem is a global market leader in the production of high performance plastic packaging, including premium barrier and non-barrier jerrycans and other small plastic containers, which complement the Company’s Global Industrial Packaging specialty portfolio. The results of Ipackchem are recorded within the Global Industrial Packaging segment while the Company evaluates the impact of the Ipackchem Acquisition on its reportable business segments.
The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2024:
Three Months Ended April 30, 2024
(in millions)United StatesEurope, Middle East and AfricaAsia Pacific and Other AmericasTotal
Global Industrial Packaging$301.6 $355.5 $147.7 $804.8 
Paper Packaging & Services550.5 — 10.3 560.8 
Land Management5.4 — — 5.4 
Total net sales$857.5 $355.5 $158.0 $1,371.0 
Six Months Ended April 30, 2024
(in millions)United StatesEurope, Middle East and AfricaAsia Pacific and Other AmericasTotal
Global Industrial Packaging$555.4 $650.1 $285.9 $1,491.4 
Paper Packaging & Services1,056.0 — 19.4 1,075.4 
Land Management10.0 — — 10.0 
Total net sales$1,621.4 $650.1 $305.3 $2,576.8 
The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2023:
Three Months Ended April 30, 2023
(in millions)United StatesEurope, Middle East and AfricaAsia Pacific and Other AmericasTotal
Global Industrial Packaging$282.1 $338.2 $127.9 $748.2 
Paper Packaging & Services544.6 — 10.2 554.8 
Land Management5.9 — — 5.9 
Total net sales
$832.6 $338.2 $138.1 $1,308.9 
Six Months Ended April 30, 2023
(in millions)United StatesEurope, Middle East and AfricaAsia Pacific and Other AmericasTotal
Global Industrial Packaging$541.4 $653.0 $259.6 $1,454.0 
Paper Packaging & Services1,095.1 — 19.9 1,115.0 
Land Management10.9 — — 10.9 
Total net sales
$1,647.4 $653.0 $279.5 $2,579.9 
The following segment information is presented for the periods indicated:
 Three Months Ended
April 30,		Six Months Ended
April 30,
(in millions)2024202320242023
Operating profit:
Global Industrial Packaging$83.4 $111.3 $134.3 $157.2 
Paper Packaging & Services12.6 67.6 29.4 176.7 
Land Management2.1 2.2 3.3 3.6 
Total operating profit$98.1 $181.1 $167.0 $337.5 
Depreciation, depletion and amortization expense:
Global Industrial Packaging$31.1 $23.2 $56.5 $44.6 
Paper Packaging & Services34.1 32.8 68.6 65.9 
Land Management0.7 0.6 1.2 1.2 
Total depreciation, depletion and amortization expense$65.9 $56.6 $126.3 $111.7 
The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:
(in millions)April 30,
2024		October 31,
2023
Assets:
Global Industrial Packaging$3,554.7 $2,737.5 
Paper Packaging & Services2,565.0 2,541.1 
Land Management255.1 253.2 
Total segments6,374.8 5,531.8 
Corporate and other454.0 429.0 
Total assets$6,828.8 $5,960.8 
Property, plant and equipment, net and lease right-of-use assets:
United States$1,486.9 $1,468.6 
Europe, Middle East and Africa394.2 311.9 
Asia Pacific and other Americas148.3 102.9 
Total long-lived assets, net$2,029.4 $1,883.4