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ACQUISITIONS AND DIVESTITURES (Tables) | 9 Months Ended
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Jul. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations | The following table presents results of operations of the Containerboard Business from discontinued operations:
| Three Months Ended July 31, |  | Nine Months Ended July 31,
(in millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Net sales | $ | 317.2 |  |  | $ | 289.3 |  |  | $ | 871.6 |  |  | $ | 783.1 |
Cost of products sold | 250.6 |  |  | 243.8 |  |  | 694.6 |  |  | 672.2 |
Gross profit | 66.6 |  |  | 45.5 |  |  | 177.0 |  |  | 110.9 |
Selling, general and administrative expenses | 12.3 |  |  | 11.2 |  |  | 33.7 |  |  | 33.4 |
Loss on disposal of businesses, net | 1.2 |  |  | — |  |  | 1.2 |  |  | — |
Operating profit | 53.1 |  |  | 34.3 |  |  | 142.1 |  |  | 77.5 |
Interest expense, net | 20.2 |  |  | 22.5 |  |  | 61.0 |  |  | 66.3 |
Income from discontinued operations before income tax expense and equity earnings of unconsolidated affiliates, net | 32.9 |  |  | 11.8 |  |  | 81.1 |  |  | 11.2 |
Income tax expense (benefit) | 8.2 |  |  | 2.7 |  |  | 19.6 |  |  | (1.0) |
Net income from discontinued operations | 24.7 |  |  | 9.1 |  |  | 61.5 |  |  | 12.2 |
Net income from discontinued operations attributable to Greif, Inc. | $ | 24.7 |  |  | $ | 9.1 |  |  | $ | 61.5 |  |  | $ | 12.2 |
The following tables present assets and liabilities of the Containerboard Business from discontinued operations classified as held for sale:
(in millions) | July 31, 2025 |  | October 31, 2024
ASSETS |  |  |
Trade accounts receivable, net of allowance | $ | 112.9 |  |  | $ | 108.2 |
Inventories | 89.7 |  |  | 71.4 |
Other current assets | 21.7 |  |  | 19.7 |
Total current assets from discontinued operations | 224.3 |  |  | 199.3 |
Goodwill | 298.2 |  |  | 298.2 |
Other intangible assets, net of amortization | 4.3 |  |  | 4.4 |
Operating lease right-of-use assets | 60.5 |  |  | 65.7 |
Other long-term assets | 0.8 |  |  | 0.9 |
Total long-term assets from discontinued operations | 363.8 |  |  | 369.2 |
Land | 16.7 |  |  | 16.7 |
Buildings | 109.7 |  |  | 108.6 |
Machinery and equipment | 658.7 |  |  | 646.5 |
Capital projects in progress | 28.1 |  |  | 17.8 |
| 813.2 |  |  | 789.6 |
Accumulated depreciation | (545.1) |  |  | (520.5) |
Total properties, plants and equipment, net from discontinued operations | 268.1 |  |  | 269.1 |
Total assets from discontinued operations classified as held for sale | $ | 856.2 |  |  | $ | 837.6 |
LIABILITIES |  |  |
Accounts payable | $ | 83.5 |  |  | $ | 63.3 |
Accrued payroll and employee benefits | 16.7 |  |  | 15.1 |
Current portion of operating lease liabilities | 8.9 |  |  | 9.6 |
Other current liabilities | 12.8 |  |  | 13.0 |
Total current liabilities from discontinued operations | 121.9 |  |  | 101.0 |
Operating lease liabilities | 51.2 |  |  | 55.8 |
Contingent liabilities and environmental reserves | 2.6 |  |  | 2.6 |
Other long-term liabilities | 0.7 |  |  | 1.4 |
Total long-term liabilities from discontinued operations | 54.5 |  |  | 59.8 |
Total liabilities from discontinued operations classified as held for sale | $ | 176.4 |  |  | $ | 160.8 |
The following table presents depreciation, amortization, and capital expenditures of the Containerboard Business from discontinued operations:
| Three Months Ended July 31, |  | Nine Months Ended July 31,
(in millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Depreciation and amortization | $ | 5.9 |  |  | $ | 8.1 |  |  | $ | 24.2 |  |  | $ | 24.8 |
Capital expenditures | 10.4 |  |  | 16.5 |  |  | 21.0 |  |  | 43.3 |
The Company had no other material noncash operating and investing activities related to the discontinued operations.
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed | The following table summarizes the consideration transferred to acquire Ipackchem and the final valuation of identifiable assets acquired and liabilities assumed at the acquisition date:
(in millions) | Amounts Recognized as of the Acquisition Date | Measurement Period Adjustments | Amount Recognized as of Acquisition Date (as Adjusted)
Fair value of consideration transferred |  |  |
Cash consideration | $ | 582.1 |  | $ | — |  | $ | 582.1 |
Recognized amounts of identifiable assets acquired and liabilities assumed |  |  |
Cash and cash equivalents | $ | 14.5 |  | $ | — |  | $ | 14.5 |
Accounts receivable | 50.9 |  | — |  | 50.9 |
Inventories | 36.7 |  | — |  | 36.7 |
Other current assets | 4.9 |  | (0.6) |  | 4.3 |
Intangibles | 231.7 |  | 1.4 |  | 233.1 |
Operating lease right-of-use assets | 15.1 |  | 2.4 |  | 17.5 |
Finance lease right-of-use assets | 8.2 |  | 2.2 |  | 10.4 |
Other long-term assets | 1.0 |  | — |  | 1.0 |
Properties, plants and equipment | 91.5 |  | (2.9) |  | 88.6 |
Total assets acquired | 454.5 |  | 2.5 |  | 457.0 |
Accounts payable | (17.2) |  | — |  | (17.2) |
Short-term borrowings | (26.2) |  | — |  | (26.2) |
Other current liabilities | (13.2) |  | 0.1 |  | (13.1) |
Operating lease liabilities | (14.2) |  | (3.3) |  | (17.5) |
Finance lease liabilities | (10.0) |  | (0.5) |  | (10.5) |
Long-term deferred tax liability | (62.1) |  | (1.5) |  | (63.6) |
Other long-term liabilities | (5.3) |  | (2.5) |  | (7.8) |
Total liabilities assumed | (148.2) |  | (7.7) |  | (155.9) |
Total identifiable net assets | $ | 306.3 |  | (5.2) |  | 301.1 |
Goodwill | $ | 275.8 |  | $ | 5.2 |  | $ | 281.0 |
Schedule of Business Combination, Intangible Asset, Acquired, Finite-Lived | The following table summarizes the final purchase price allocation and weighted average remaining useful lives for identifiable intangible assets acquired as of the acquisition date:
(in millions) | Purchase Price Allocation | Weighted Average Estimated Useful Life
Customer relationships | $ | 183.8 |  | 13.5
Developed technology | 39.0 |  | 8.0
Trademarks | 10.3 |  | 5.0
Total intangible assets | $ | 233.1 |  |
Schedule of Business Acquisition, Pro Forma Information | The following unaudited supplemental pro forma data presents consolidated information as if the Ipackchem Acquisition had been completed on November 1, 2022. These amounts were calculated after adjusting Ipackchem’s results to reflect interest expense incurred on the debt to finance the acquisition, additional depreciation and amortization that would have been charged assuming the fair value of property, plant and equipment and intangible assets had been applied from November 1, 2022, the adjusted income tax expense, and related transaction costs.
|  |  | Three Months Ended July 31, |  |  |  | Nine Months Ended July 31,
(in millions, except per share amounts) |  |  | 2024 |  |  |  | 2024
Pro forma net sales |  |  | $ | 1,454.2 |  |  |  |  | $ | 4,120.0 |
Pro forma net income attributable to Greif, Inc. |  |  | 87.1 |  |  |  |  | 224.3 |
Basic earnings per share attributable to Greif, Inc. common shareholders: |  |  |  |  |  |  |
Class A common stock |  |  | $ | 1.51 |  |  |  |  | $ | 3.89 |
Class B common stock |  |  | $ | 2.26 |  |  |  |  | $ | 5.83 |
Diluted earnings per share attributable to Greif, Inc. common shareholders: |  |  |  |  |  |  |
Class A common stock |  |  | $ | 1.50 |  |  |  |  | $ | 3.88 |
Class B common stock |  |  | $ | 2.26 |  |  |  |  | $ | 5.83 |

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