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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jul. 31, 2024
Oct. 31, 2023
Current assets    
Cash and cash equivalents $ 194.2 $ 180.9
Trade accounts receivable, net of allowance 785.7 659.4
Inventories:    
Raw materials 325.2 255.8
Finished goods 95.5 82.8
Assets held for sale 3.6 5.0
Prepaid expenses 56.6 46.0
Other current assets 252.5 139.2
Total current assets 1,713.3 1,369.1
Long-term assets    
Goodwill 1,950.3 1,693.0
Other intangible assets, net of amortization 961.7 792.2
Deferred tax assets 28.9 22.9
Pension assets 43.7 36.2
Operating lease right-of-use assets 298.1 290.3
Finance lease right-of-use assets 38.1 30.5
Other long-term assets 145.3 164.0
Total long term assets 3,466.1 3,029.1
Properties, plants and equipment    
Timber properties, net of depletion 230.7 229.6
Land 157.8 153.7
Buildings 587.7 544.3
Machinery and equipment 2,239.1 2,138.8
Capital projects in progress 229.9 200.5
Properties, plants and equipment, gross 3,445.2 3,266.9
Accumulated depreciation (1,789.7) (1,704.3)
Properties, plants and equipment, net 1,655.5 1,562.6
Total assets 6,834.9 5,960.8
Current liabilities    
Accounts payable 533.6 497.8
Accrued payroll and employee benefits 140.8 137.7
Restructuring reserves 5.5 16.8
Current portion of long-term debt 95.8 88.3
Short-term borrowings 20.3 5.4
Current portion of operating lease liabilities 57.1 53.8
Current portion of finance lease liabilities 5.5 3.4
Other current liabilities 151.6 136.1
Total current liabilities 1,010.2 939.3
Long-term liabilities    
Long-term debt 2,793.4 2,121.4
Operating lease liabilities 242.2 240.2
Finance lease liabilities 34.6 27.9
Deferred tax liabilities 326.3 325.6
Pension liabilities 55.6 56.3
Postretirement benefit obligations 6.1 6.2
Contingent liabilities and environmental reserves 19.1 17.3
Long-term income tax payable 11.8 21.2
Other long-term liabilities 109.8 93.8
Total long-term liabilities 3,598.9 2,909.9
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests 126.2 125.3
Equity    
Common stock, without par value 228.4 208.4
Treasury stock, at cost (279.0) (281.9)
Retained earnings 2,449.0 2,337.9
Accumulated other comprehensive loss, net of tax:    
Foreign currency translation (302.9) (317.7)
Derivative financial instruments 36.2 71.7
Minimum pension liabilities (74.8) (70.5)
Total Greif, Inc. shareholders’ equity 2,056.9 1,947.9
Noncontrolling interests 42.7 38.4
Total shareholders’ equity 2,099.6 1,986.3
Total liabilities and shareholders’ equity $ 6,834.9 $ 5,960.8