XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
Total
Directors
Greif, Inc. Equity
Greif, Inc. Equity
Directors
Common Stock
Common Stock
Directors
Treasury Stock
Treasury Stock
Directors
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non controlling interests
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 benefit (expense) (13.5)   (13.5)             (13.5)  
Minimum pension liability adjustment, net of income tax benefit (expense) (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   $ 1.3   $ 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 benefit (expense) 17.3   17.3             17.3  
Minimum pension liability adjustment, net of income tax benefit (expense) (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        
Beginning balance (in shares) at Oct. 31, 2023         46,805            
Beginning balance at Oct. 31, 2023 1,986.3   1,947.9   $ 208.4   $ (281.9)   2,337.9 (316.5) 38.4
Beginning balance (in shares) at Oct. 31, 2023             30,037        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 219.9   198.7           198.7   21.2
Other comprehensive income (loss):                      
Foreign currency translation 13.9   14.8             14.8 (0.9)
Derivative financial instruments, net of income tax benefit (expense) (35.5)   (35.5)             (35.5)  
Minimum pension liability adjustment, net of income tax benefit (expense) (4.3)   (4.3)             (4.3)  
Comprehensive income 194.0   173.7                
Current period mark to redemption value of redeemable noncontrolling interest and other 2.5   2.5           2.5    
Net income allocated to redeemable noncontrolling interests (5.9)                   (5.9)
Dividends paid to Greif, Inc. shareholders (89.8)   (89.8)           (89.8)    
Dividends paid to noncontrolling interests and other (10.1)                   (10.1)
Dividends earned on RSU shares (0.3)   (0.3)           (0.3)    
Colleague stock purchase plan (in shares)         71   (71)        
Colleague stock purchase plan 4.5   4.5   $ 3.9   $ 0.6        
Long-term incentive shares issued (in shares)         283   (283)        
Long-term incentive shares issued 12.7   12.7   $ 10.5   $ 2.2        
Share based compensation 4.5   4.5   $ 4.5            
Restricted stock (in shares)           20   (20)      
Restricted stock   1.2       $ 1.1 0.1        
Ending balance (in shares) at Jul. 31, 2024         47,179            
Ending balance at Jul. 31, 2024 2,099.6   2,056.9   $ 228.4   $ (279.0)   2,449.0 (341.5) 42.7
Ending balance (in shares) at Jul. 31, 2024             29,663        
Beginning balance (in shares) at Apr. 30, 2024         47,139            
Beginning balance at Apr. 30, 2024 2,047.4   2,009.1   $ 225.0   $ (279.3)   2,391.5 (328.1) 38.3
Beginning balance (in shares) at Apr. 30, 2024             29,703        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 93.6   87.1           87.1   6.5
Other comprehensive income (loss):                      
Foreign currency translation 15.5   15.5             15.5 0.0
Derivative financial instruments, net of income tax benefit (expense) (27.0)   (27.0)             (27.0)  
Minimum pension liability adjustment, net of income tax benefit (expense) (1.9)   (1.9)             (1.9)  
Comprehensive income 80.2   73.7                
Current period mark to redemption value of redeemable noncontrolling interest and other 0.7   0.7           0.7    
Net income allocated to redeemable noncontrolling interests (2.1)                   (2.1)
Dividends paid to Greif, Inc. shareholders (30.1)   (30.1)           (30.1)    
Dividends earned on RSU shares (0.2)   (0.2)           (0.2)    
Colleague stock purchase plan (in shares)         38   (38)        
Colleague stock purchase plan 2.2   2.2   $ 1.9   $ 0.3        
Share based compensation 1.4   1.4   $ 1.4            
Restricted stock (in shares)           2   (2)      
Restricted stock   $ 0.1   $ 0.1   $ 0.1 0.0        
Ending balance (in shares) at Jul. 31, 2024         47,179            
Ending balance at Jul. 31, 2024 $ 2,099.6   $ 2,056.9   $ 228.4   $ (279.0)   $ 2,449.0 $ (341.5) $ 42.7
Ending balance (in shares) at Jul. 31, 2024             29,663