Other comprehensive income, net of tax:

$ 126.7

$ 154.0

$ 145.3

$ 184.9

Derivative financial instruments

^[1]

64.1

6.6

32.6

34.2

24.1

9.5

35.9

11.4

Minimum pension liabilities

3.4

24.4

6.5

47.1

Other comprehensive income (loss)

91.6

40.5

75.0

92.7

Comprehensive income attributable to noncontrolling interests

218.3

194.5

220.3

277.6

0.3

2.2

4.3

12.3

Comprehensive income attributable to Greif, Inc.

$ 218.0

$ 192.3

$ 216.0

$ 265.3

[1]	Three and six months ended April 30, 2022 balances include $113.1 million release of foreign currency translation from business divestment.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Apr. 30, 2022	Oct. 31, 2021
Current assets
Cash and cash equivalents	$ 108.7	$ 124.6
Trade accounts receivable, net of allowance	880.3	889.5
Inventories:
Raw materials	382.5	390.7
Work-in-process	0.0	1.5
Finished goods	92.3	107.0
Assets held for sale	1.7	6.9
Prepaid expenses	55.0	54.0
Other current assets	96.3	89.9
Total current assets	1,616.8	1,664.1
Long-term assets
Goodwill	1,482.8	1,515.4
Other intangible assets, net of amortization	611.5	648.4
Deferred tax assets	13.7	16.3
Pension asset	58.6	39.9
Operating lease assets	261.7	289.4
Other long-term assets	146.3	121.1
Total long term assets	2,574.6	2,630.5
Properties, plants and equipment
Timber properties, net of depletion	227.4	224.6
Land	157.3	161.9
Buildings	525.7	543.8
Machinery and equipment	1,990.3	2,042.3
Capital projects in progress	119.4	137.2
Properties, plants and equipment, gross	3,020.1	3,109.8
Accumulated depreciation	(1,588.6)	(1,588.6)
Properties, plants and equipment, net	1,431.5	1,521.2
Total assets	5,622.9	5,815.8
Current liabilities
Accounts payable	619.8	704.5
Accrued payroll and employee benefits	130.4	160.3
Restructuring reserves	14.1	20.3
Current portion of long-term debt	80.8	120.3
Short-term borrowings	27.8	50.5
Liabilities held for sale	0.6	0.9
Current portion of operating lease liabilities	50.1	54.0
Other current liabilities	198.3	203.3
Total current liabilities	1,121.9	1,314.1
Long-term liabilities
Long-term debt	1,991.3	2,054.8
Operating lease liabilities	215.6	239.5
Deferred tax liabilities	330.5	318.0
Pension liabilities	70.9	78.3
Postretirement benefit obligations	10.8	11.0
Contingent liabilities and environmental reserves	20.3	19.5
Long-term income tax payable	27.8	27.8
Other long-term liabilities	97.6	153.1
Total long-term liabilities	2,764.8	2,902.0
Commitments and contingencies (Note 8)
Redeemable noncontrolling interests	17.8	24.1
Equity
Common stock, without par value	186.0	179.3
Treasury stock, at cost	(134.0)	(134.1)
Retained earnings	1,910.3	1,825.6
Accumulated other comprehensive loss, net of tax:
Foreign currency translation	(257.2)	(295.4)
Derivative financial instruments	32.3	(3.6)
Minimum pension liabilities	(51.0)	(57.5)
Total Greif, Inc. shareholders' equity	1,686.4	1,514.3
Noncontrolling interests	32.0	61.3
Total shareholders' equity	1,718.4	1,575.6
Total liabilities and shareholders' equity	$ 5,622.9	$ 5,815.8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Cash flows from operating activities:
Net income	$ 145.3	$ 184.9
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	114.0	118.1
Non-cash asset impairment charges	62.4	1.5
Non-cash pension settlement charges	0.0	8.6
Loss (gain) on disposals of properties, plants and equipment, net	(1.7)	1.7
Gain on disposals of businesses, net	(4.2)	0.0
Timberland gains	0.0	(95.7)
Unrealized foreign exchange (gain) loss	(5.1)	0.9
Deferred income tax expense (benefit)	1.1	(41.5)
Debt extinguishment charges	22.6	0.0
Non-cash lease expense	15.1	26.1
Other, net	0.7	(0.5)
Increase (decrease) in cash from changes in certain assets and liabilities:
Trade accounts receivable	(87.4)	(98.4)
Inventories	(56.2)	(71.4)
Accounts payable	22.4	125.8
Restructuring reserves	(4.9)	(0.2)
Operating leases	(16.0)	(29.5)
Pension and post-retirement benefit liabilities	(19.8)	(11.9)
Other, net	(26.7)	45.3
Net cash provided by operating activities	161.6	163.8
Cash flows from investing activities:
Purchases of properties, plants and equipment	(75.0)	(57.7)
Purchases of and investments in timber properties	(5.1)	(2.5)
Proceeds from the sale of timberlands	0.0	145.1
Collections of receivables held in special purpose entities	0.0	50.9
Payments for issuance of loans receivable	0.0	(15.0)
Proceeds from the sale of properties, plants, equipment and other assets	8.3	0.0
Proceeds from the sale of businesses	139.2	0.0
Other, net	(4.7)	(2.5)
Net cash provided by investing activities	62.7	118.3
Cash flows from financing activities:
Proceeds from issuance of long-term debt	3,026.5	744.6
Payments on long-term debt	(3,122.7)	(990.1)
Proceeds (payments) on short-term borrowings, net	(16.1)	15.2
Proceeds from trade accounts receivable credit facility	1.9	61.6
Payments on trade accounts receivable credit facility	(1.9)	(18.3)
Payments for liabilities held in special purpose entities	0.0	(43.3)
Dividends paid to Greif, Inc. shareholders	(54.6)	(52.2)
Dividends paid to noncontrolling interests	(9.4)	(4.9)
Payments for debt extinguishment and issuance costs	(20.8)	0.0
Net cash used in financing activities	(197.1)	(287.4)
Effects of exchange rates on cash	(43.1)	9.8
Net increase (decrease) in cash and cash equivalents	(15.9)	4.5
Cash and cash equivalents at beginning of period	124.6	105.9
Cash and cash equivalents at end of period	$ 108.7	$ 110.4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions

Total

Executive

Directors

Greif, Inc. Equity

Executive

Greif, Inc. Equity

Directors

Capital Stock

Executive

Capital Stock

Directors

Treasury Stock

Executive

Treasury Stock

Directors

Retained Earnings

Accumulated Other Comprehensive Income (Loss)

Non controlling Interests

Beginning balance (in shares) at Oct. 31, 2020

48,450

28,392

Beginning balance at Oct. 31, 2020

$ 1,200.7

$ 1,152.2

$ 170.2

$ (134.4)

$ 1,543.9

$ (427.5)

$ 48.5

Increase (Decrease) in Stockholders' Equity [Roll Forward]

184.9

173.2

11.7

Derivative financial instruments, net of income tax expense/benefit

34.2

^[1]

33.6

0.6

11.4

Minimum pension liability adjustment, net of income tax expense/benefit

47.1

Current period mark to redemption value of redeemable noncontrolling interest and other

277.6

265.3

1.2

Net income allocated to redeemable noncontrolling interests

(0.8)

Dividends paid to noncontrolling interests and other

(52.2)

(4.5)

Long-term incentive shares issued (in shares)

80

(80)

Long-term incentive shares issued

4.1

$ 3.9

$ 0.2

2.2

$ 2.2

3

26

(3)

(26)

Ending balance (in shares) at Apr. 30, 2021

$ 0.1

$ 1.3

$ 0.1

$ 1.3

$ 0.1

$ 1.2

$ 0.1

48,559

28,283

Ending balance at Apr. 30, 2021

1,429.7

1,374.2

$ 177.6

$ (134.1)

1,666.1

(335.4)

55.5

Beginning balance (in shares) at Jan. 31, 2021

48,533

28,309

Beginning balance at Jan. 31, 2021

1,262.6

1,205.3

$ 175.4

$ (134.2)

1,542.0

(377.9)

57.3

Increase (Decrease) in Stockholders' Equity [Roll Forward]

154.0

149.8

4.2

Derivative financial instruments, net of income tax expense/benefit

6.6

^[1]

8.6

(2.0)

9.5

Minimum pension liability adjustment, net of income tax expense/benefit

24.4

Current period mark to redemption value of redeemable noncontrolling interest and other

194.5

192.3

0.6

Net income allocated to redeemable noncontrolling interests

(0.5)

Dividends paid to noncontrolling interests and other

(26.3)

(3.5)

1.0

$ 1.0

26

(26)

Ending balance (in shares) at Apr. 30, 2021

1.3

$ 1.2

$ 0.1

48,559

28,283

Ending balance at Apr. 30, 2021

1,429.7

1,374.2

$ 177.6

$ (134.1)

1,666.1

(335.4)

55.5

Beginning balance (in shares) at Oct. 31, 2021

48,559

28,283

Beginning balance at Oct. 31, 2021

1,575.6

1,514.3

$ 179.3

$ (134.1)

1,825.6

(356.5)

61.3

Increase (Decrease) in Stockholders' Equity [Roll Forward]

145.3

135.4

9.9

Derivative financial instruments, net of income tax expense/benefit

32.6

^[1]

38.2

(5.6)

35.9

Minimum pension liability adjustment, net of income tax expense/benefit

6.5

Divestment of noncontrolling interest

220.3

216.0

(24.4)

Current period mark to redemption value of redeemable noncontrolling interest and other

4.9

Net income allocated to redeemable noncontrolling interests

0.1

Dividends paid to noncontrolling interests and other

(54.6)

(9.3)

Dividends earned on RSU shares

(1.0)

Long-term incentive shares issued (in shares)

52

(52)

Long-term incentive shares issued

3.1

$ 3.0

$ 0.1

2.4

$ 2.4

3

22

3

22

Ending balance (in shares) at Apr. 30, 2022

$ 0.1

1.2

$ 0.1

$ 1.2

48,636

28,206

Ending 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 Jan. 31, 2022

48,608

28,234

Beginning balance at Jan. 31, 2022

1,557.3

1,493.3

$ 183.2

$ (134.0)

1,812.9

(368.8)

64.0

Increase (Decrease) in Stockholders' Equity [Roll Forward]

126.7

125.1

1.6

Derivative financial instruments, net of income tax expense/benefit

64.1

^[1]

65.4

(1.3)

24.1

Minimum pension liability adjustment, net of income tax expense/benefit

3.4

Divestment of noncontrolling interest

218.3

218.0

(24.4)

Current period mark to redemption value of redeemable noncontrolling interest and other

(0.1)

Net income allocated to redeemable noncontrolling interests

(0.3)

Dividends paid to noncontrolling interests and other

(27.4)

(7.6)

Dividends earned on RSU shares

(0.2)

Long-term incentive shares issued (in shares)

6

(6)

Long-term incentive shares issued

0.3

$ 0.3

1.3

$ 1.3

22

(22)

Ending balance (in shares) at Apr. 30, 2022

$ 1.2

48,636

28,206

Ending balance at Apr. 30, 2022

$ 1,718.4

$ 1,686.4

$ 186.0

$ (134.0)

$ 1,910.3

$ (275.9)

$ 32.0

[1]	Three and six months ended April 30, 2022 balances include $113.1 million release of foreign currency translation from business divestment.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Foreign currency translation released from business divestment	$ 113.1		$ 113.1
Derivative financial instrument, tax expense (benefit)	(8.0)	$ 3.2	(12.0)	$ 3.8
Minimum pension liability adjustment, income tax expense (benefit)	$ 1.0	$ (8.8)	$ 1.5	$ (16.2)
Class A Common Stock
Dividend paid (in usd per share)	$ 0.46	$ 0.44	$ 0.92	$ 0.88
Class B Common Stock
Dividend paid (in usd per share)	$ 0.69	$ 0.66	$ 1.37	$ 1.31

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Apr. 30, 2022	Apr. 30, 2022
Statement of Comprehensive Income [Abstract]
Foreign currency translation released from business divestment	$ 113.1	$ 113.1

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The interim condensed consolidated financial statements have been prepared in accordance with the U.S. Securities and Exchange Commission (“SEC”) instructions to Quarterly Reports on Form 10-Q and include all of the information and disclosures required by accounting principles generally accepted in the United States (“GAAP”) for interim financial reporting. The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the interim condensed consolidated financial statements and accompanying notes. Actual amounts could differ from those estimates. The fiscal year of Greif, Inc. and its subsidiaries (the “Company”) begins on November 1 and ends on October 31 of the following year. Any references to years or to any quarter of those years, relates to the fiscal year or quarter, as the case may be, ended in that year, unless otherwise stated. The information filed herein reflects all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim condensed consolidated balance sheets as of April 30, 2022 and October 31, 2021, the interim condensed consolidated statements of income, comprehensive income and changes in shareholders' equity for the three and six months ended April 30, 2022 and 2021 and the interim condensed consolidated statements of cash flows for the six months ended April 30, 2022 and 2021 of the Company. The interim condensed consolidated financial statements include the accounts of Greif, Inc., all wholly-owned and consolidated subsidiaries and investments in limited liability companies, partnerships and joint ventures in which it has controlling influence or is the primary beneficiary. Non-majority owned entities include investments in limited liability companies, partnerships and joint ventures in which the Company does not have controlling interest and are accounted for using either the equity or cost method, as appropriate. The unaudited interim condensed consolidated financial statements included in the Quarterly Report on Form 10-Q (this “Form 10-Q”) should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for its fiscal year ended October 31, 2021 (the “2021 Form 10-K”). Newly Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes", which is intended to simplify accounting for income taxes. This ASU is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years, with early adoption permitted. The Company adopted this ASU on November 1, 2021. The adoption of this guidance did not have a material impact on the Company's financial position, results of operations, comprehensive income, cash flows or disclosures. Recently Issued Accounting Standards Except for the accounting pronouncement described above, there have been no new accounting pronouncements issued since the filing of the 2021 Form 10-K that have significance, or potential significance, to the interim condensed consolidated financial statements.

RESTRUCTURING CHARGES

6 Months Ended

Apr. 30, 2022

Restructuring and Related Activities [Abstract]

RESTRUCTURING CHARGES

The following is a reconciliation of the beginning and ending restructuring reserve balances for the six months ended April 30, 2022:


(in millions)	Employee Separation Costs		Other Costs		Total
Balance at October 31, 2021	$	18.6	$	1.7	$	20.3
Costs incurred and charged to expense	3.9		3.3		7.2
Costs paid or otherwise settled	(9.6)		(3.8)		(13.4)
Balance at April 30, 2022	$	12.9	$	1.2	$	14.1

The focus for restructuring activities in 2022 is to optimize operations and close under-performing assets.

During the three months ended April 30, 2022, the Company recorded restructuring charges of $3.7 million, as compared to $12.0 million of restructuring charges recorded during the three months ended April 30, 2021. The restructuring activity for the three months ended April 30, 2022 consisted of $2.3 million in employee separation costs and $1.4 million in other restructuring costs, primarily consisting of professional fees and other fees associated with restructuring activities.

During the six months ended April 30, 2022, the Company recorded restructuring charges of $7.2 million, as compared to $15.1 million of restructuring charges recorded during the six months ended April 30, 2021. The restructuring activity for the six months ended April 30, 2022 consisted of $3.9 million in employee separation costs and $3.3 million in other restructuring costs, primarily consisting of professional fees and other fees associated with restructuring activities.

The following is a reconciliation of the total amounts expected to be incurred from open restructuring plans or plans that are being formulated and have not been announced as of the filing date of this Form 10-Q. Remaining amounts expected to be incurred were $10.9 million as of April 30, 2022:


(in millions)	Total Amounts Expected to be Incurred		Amounts Incurred During the Six Months Ended April 30, 2022		Amounts Remaining to be Incurred
Global Industrial Packaging
Employee separation costs	$	10.1	$	3.3	$	6.8
Other restructuring costs	3.7		1.5		2.2
	13.8		4.8		9.0
Paper Packaging & Services
Employee separation costs	1.1		0.6		0.5
Other restructuring costs	3.2		1.8		1.4
	4.3		2.4		1.9




	$	18.1	$	7.2	$	10.9

LONG-TERM DEBT

6 Months Ended

Apr. 30, 2022

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt is summarized as follows:


(in millions)	April 30, 2022		October 31, 2021
2022 Credit Agreement - Term Loans	$	1,615.0	$	—
2019 Credit Agreement - Term Loans	—		1,247.3
Senior Notes due 2027	—		495.9
Accounts receivable credit facilities	380.6		391.1
2022 Credit Agreement - Revolving Credit Facility	85.3		—
2019 Credit Agreement - Revolving Credit Facility	—		50.5
Other debt	0.4		0.6
	2,081.3		2,185.4
Less: current portion	80.8		120.3
Less: deferred financing costs	9.2		10.3
Long-term debt, net	$	1,991.3	$	2,054.8

2022 Credit Agreement

On March 1, 2022, the Company and certain of its subsidiaries entered into a second amended and restated senior secured credit agreement (the “2022 Credit Agreement”) with a syndicate of financial institutions. The 2022 Credit Agreement amended, restated and replaced in its entirety the Company's previous credit agreement, referred to as the "2019 Credit Agreement".

The 2022 Credit Agreement provides for (a) an $800.0 million secured revolving credit facility, consisting of a $725.0 million multicurrency facility and a $75.0 million U.S. dollar facility, maturing on March 1, 2027, (b) a $1,100 million secured term loan A-1 facility with quarterly principal installments commencing on July 31, 2022 and continuing through January 31, 2027, with any outstanding principal balance of such term loan A-1 facility being due and payable on maturity on March 1, 2027, and (c) a $515.0 million secured term loan A-2 facility with quarterly principal installments commencing on July 31, 2022 and continuing through January 31, 2027, with any outstanding principal balance of such term loan A-2 being due and payable on maturity on March 1, 2027. The term loan A-2 facility reflects the combination of the outstanding balances of the secured term A-2 and A-3 loans under the 2019 Credit Agreement.

The Company used the borrowings under the 2022 Credit Agreement on March 1, 2022, to redeem the Senior Notes due 2027, and to repay and refinance all of the outstanding borrowings under the 2019 Credit Agreement, and will use the borrowings thereunder to fund ongoing working capital and capital expenditure needs and for general corporate purposes, including acquisitions, and to pay related fees and expenses. Interest is based on Secured Overnight Financing Rate ("SOFR") plus a credit spread adjustment, Euro Interbank Offer Rate ("EURIBOR") or a base rate that resets periodically plus, in each case, a calculated margin amount that is based on our leverage ratio. Subject to the terms of the 2022 Credit Agreement, the Company has an option to add borrowings to the 2022 Credit Agreement with the agreement of the lenders.

As of April 30, 2022, $1,700.3 million was outstanding under the 2022 Credit Agreement. The current portion was $80.8 million, and the long-term portion was $1,619.5 million. The weighted average interest rate for borrowings under the 2022 Credit Agreement was 1.45% for the six months ended April 30, 2022. The actual interest rate for borrowings under the 2022 Credit Agreement was 1.74% as of April 30, 2022. The deferred financing costs associated with the term loan portion of the 2022 Credit Agreement totaled $9.2 million as of April 30, 2022 and are recorded as a reduction of long-term debt on the interim condensed consolidated balance sheets. The deferred financing costs associated with the revolver portion of the 2022 Credit Agreement totaled $5.1 million as of April 30, 2022 and are recorded within other long-term assets on the interim condensed consolidated balance sheets.

As a result of the refinancing, $0.7 million of unamortized deferred financing costs related to the 2019 Credit Agreement, and $2.8 million of newly incurred financing costs related to the 2022 Credit Agreement, were expensed as debt extinguishment charges in the interim condensed consolidated statements of income.

Senior Notes due 2027

On March 1, 2022, the Company redeemed all of its outstanding Senior Notes due 2027, which were issued by the Company on February 11, 2019, for $500.0 million. The total redemption price for the Senior Notes due 2022 was $516.3 million, which was equal to the aggregate principal payment outstanding of $500.0 million plus a call premium of $16.3 million. The premium was recognized as a debt extinguishment charges on the interim condensed consolidated statements of income. The payment of the redemption price was funded by borrowings under the 2022 Credit Agreement.

As a result of redeeming the Senior Notes due 2027, $1.8 million of unamortized deferred financing costs and $3.8 million of unamortized discount were expensed as debt extinguishment charges on the interim condensed consolidated statements of income.

United States Trade Accounts Receivable Credit Facility

On May 17, 2022, Greif Receivables Funding LLC (“Greif Funding”), Greif Packaging LLC (“Greif Packaging”), and certain other U.S. subsidiaries of the Company amended and restated its U.S. receivables financing facility (the “U.S. Receivables Facility”). Prior to this amendment, the maximum availability was $275.0 million. The U.S. Receivables Facility has a maturity date of May 17, 2023 and provides an accounts receivable financing facility of $300.0 million. As of April 30, 2022, there was $275.0 million outstanding under the U.S. Receivables Facility that is reported as long-term debt on the interim condensed consolidated balance sheets because the Company intends to refinance these obligations on a long-term basis and has the intent and ability to consummate a long-term refinancing by exercising the renewal option in the respective agreement or entering into new financing arrangements.

Greif Funding is a direct subsidiary of Greif Packaging and is included in the Company’s consolidated financial statements. However, because Greif Funding is a separate and distinct legal entity from the Company, the assets of Greif Funding are not available to satisfy the liabilities and obligations of the Company, Greif Packaging or other subsidiaries of the Company, and the liabilities of Greif Funding are not the liabilities or obligations of the Company or its other subsidiaries.

International Trade Accounts Receivable Credit Facility

On April 20, 2022, Cooperage Receivables Finance B.V. and Greif Services Belgium BV, an indirect wholly owned subsidiary of Greif, Inc., amended and restated the Nieuw Amsterdam Receivables Financing Agreement (the "European RFA") with affiliates of a major international bank. The amended and restated European RFA matures April 24, 2023. The European RFA provides an accounts receivable financing facility of up to €100.0 million ($105.6 million as of April 30, 2022) secured by certain European accounts receivable. The $105.6 million outstanding on the European RFA as of April 30, 2022 is reported as long-term debt on the interim condensed consolidated balance sheets because the Company intends to refinance these obligations on a long-term basis and has the intent and ability to consummate a long-term refinancing by exercising the renewal option in the respective agreement or entering into new financing arrangements.

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

6 Months Ended

Apr. 30, 2022

Fair Value Disclosures [Abstract]

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

Recurring Fair Value Measurements

The following table presents the fair value for those assets and (liabilities) measured on a recurring basis as of April 30, 2022 and October 31, 2021:


	April 30, 2022
	Assets								Liabilities
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Interest rate derivatives	$	—	$	29.8	$	—	$	29.8	$	—	$	(1.6)	$	—	$	(1.6)
Foreign exchange hedges	—		2.1		—		2.1		—		(0.5)		—		(0.5)
Insurance annuity	—		—		19.0		19.0		—		—		—		—
Cross currency swap	—		30.0		—		30.0		—		—		—		—

	October 31, 2021
	Assets								Liabilities
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Interest rate derivatives	$	—	$	7.6	$	—	$	7.6	$	—	$	(16.8)	$	—	$	(16.8)
Foreign exchange hedges	—		0.1		—		0.1		—		(0.1)		—		(0.1)
Insurance annuity	—		—		20.9		20.9		—		—		—		—
Cross currency swap	—		10.2		—		10.2		—		(1.2)		—		(1.2)

The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts payable, current liabilities and short-term borrowings as of April 30, 2022 and October 31, 2021 approximate their fair values because of the short-term nature of these items and are not included in this table.

Interest Rate Derivatives

The Company has various borrowing facilities which charge interest based on the one-month U.S. dollar LIBOR and SOFR rate plus a spread.

In 2022, the Company entered into three interest rate swaps with a total notional amount of $150.0 million that amortize to $30.0 million over a five-year term, maturing on March 1, 2027. The outstanding notional amount as of April 30, 2022 is $150.0 million. The Company receives variable rate interest payments based upon one-month U.S. dollar SOFR, and in return the Company is obligated to pay interest at a weighted-average interest rate of 2.21% plus a spread. This effectively converted the borrowing rate on an amount of debt equal to the outstanding notional amount of the interest rate swap from a variable rate to a fixed rate.

In 2020, the Company entered into four interest rate swaps with a total notional amount of $200.0 million, maturing on July 15, 2029. The Company receives variable rate interest payments based upon one-month U.S. dollar LIBOR, and in return the Company is obligated to pay interest at a weighted-average interest rate of 0.90% plus a spread. This effectively converted the borrowing rate on an amount of debt equal to the outstanding notional amount of the interest rate swap from a variable rate to a fixed rate.

In 2019, the Company entered into six interest rate swaps with a total notional amount of $1,300.0 million that amortize to $200.0 million over a five-year term, maturing on March 11, 2024. The outstanding notional amount as of April 30, 2022 is $500.0 million. The Company receives variable rate interest payments based upon one-month U.S. dollar LIBOR, and in return the Company is obligated to pay interest at a weighted-average interest rate of 2.49% plus a spread. This effectively converted the borrowing rate on an amount of debt equal to the outstanding notional amount of the interest rate swap from a variable rate to a fixed rate.

In 2017, the Company entered into three interest rate swaps with a notional amount of $300.0 million that matured on February 1, 2022. The Company received variable rate interest payments based upon one-month U.S. dollar LIBOR, and in return the Company was obligated to pay interest at a fixed rate of 1.19% plus a spread. This effectively converted the borrowing rate on an amount of debt equal to the outstanding notional amount of the interest rate swap from a variable rate to a fixed rate.

These derivatives are designated as cash flow hedges for accounting purposes. Accordingly, the gain or loss on these derivative instruments are reported as a component of other comprehensive income and reclassified into earnings in the same line item associated with the forecasted transaction and in the same period during which the hedged transaction affects earnings. See Note 11 to the interim condensed consolidated financial statements for additional disclosures of the aggregate gain or loss included within other comprehensive income. The assumptions used in measuring fair value of these interest rate derivatives are considered level 2 inputs, which are based upon observable market rates, including LIBOR and interest paid based upon a designated fixed rate over the life of the swap agreements.

Losses reclassified to earnings under these contracts were $3.3 million and $4.3 million for the three months ended April 30, 2022, and 2021, respectively. Losses reclassified to earnings under these contracts were $7.6 million and $8.7 million for the six months ended April 30, 2022, and 2021, respectively. A derivative gain of $3.3 million, based upon interest rates at April 30, 2022, is expected to be reclassified from accumulated other comprehensive income (loss) to earnings in the next twelve months.

Foreign Exchange Hedges

The Company conducts business in various international currencies and is subject to risks associated with changing foreign exchange rates. The Company’s objective is to reduce volatility associated with foreign exchange rate changes. Accordingly, the Company enters into various contracts that change in value as foreign exchange rates change to protect the value of certain existing foreign currency assets and liabilities, commitments and anticipated foreign currency cash flows. As of April 30, 2022, and October 31, 2021, the Company had outstanding foreign currency forward contracts in the notional amount of $119.3 million and $81.8 million, respectively.

Adjustments to fair value are recognized in earnings, offsetting the impact of the hedged profits. The assumptions used in measuring fair value of foreign exchange hedges are considered level 2 inputs, which are based on observable market pricing for similar instruments, principally foreign exchange futures contracts.

For the three months ended April 30, 2022, and 2021, the Company recorded a realized gain (loss) of $0.3 million and $(0.6) million under fair value contracts in other expense, net. For the six months ended April 30, 2022, and 2021, the Company recorded realized gains (losses) of $(2.1) million and $1.3 million under fair value contracts in other expense, net.

For the three months ended April 30, 2022, and 2021, the Company recorded an unrealized net gain (loss) of $0.6 million and $(0.6) million in other expense, net. For the six months ended April 30, 2022, and 2021, the Company recorded an unrealized gain (loss) of $1.6 million and $(1.2) million in other expense, net.

Cross Currency Swap

The Company has operations and investments in various international locations and is subject to risks associated with changing foreign exchange rates.

In October 2021, the Company entered into two cross currency interest rate swap agreements that synthetically swap $116.8 million of fixed rate debt to Euro denominated fixed rate debt at a weighted average rate of 1.26%. These agreements are designated as cash flow hedges for accounting purposes and will mature in October 2026.

In August 2021, the Company entered into two cross currency interest rate swap agreements that synthetically swap $117.6 million of fixed rate debt to Euro denominated fixed rate debt at a weighted average rate of 1.19%. These agreements are designated as net investment hedges for accounting purposes and will mature in August 2026.

In March 2018, the Company entered into two cross currency interest rate swap agreement that synthetically swaps $100.0 million of fixed rate debt to Euro denominated fixed rate debt at a rate of 2.35%. The agreement is designated as a net investment hedge for accounting purposes and will mature in March 2023.

The gain or loss on these net investment hedge derivative instruments is included in the foreign currency translation component of other comprehensive income until the net investment is sold, diluted, or liquidated. See Note 11 to the interim condensed consolidated financial statements for additional disclosures of the aggregate gain or loss included within other comprehensive income. The gain or loss on the cash flow hedge derivative instruments is included in the unrealized foreign exchange component of other expense, offset by the underlying gain or loss on the underlying cash flows that are being hedged. Interest payments received for the cross currency swap are excluded from the net investment hedge effectiveness assessment and are recorded in interest expense, net on the consolidated statements of income. The assumptions used in measuring fair value of the cross currency swap are considered level 2 inputs, which are based upon the Euro to United States dollar exchange rate market.

For the three months ended April 30, 2022 and 2021, gains recorded in interest expense, net under the cross currency swap agreements were $1.4 million and $0.6 million, respectively. For the six months ended April 30, 2022 and 2021, gains recorded in interest expense, net under the cross currency swap agreements were $2.8 million and $1.2 million, respectively.

Other Financial Instruments

The fair values of the Company’s 2022 Credit Agreement, the U.S. Receivables Facility and the European RFA do not materially differ from carrying value because the Company’s cost of borrowing is variable and approximates current borrowing rates. The fair values of the Company’s long-term obligations are estimated based on either the quoted market prices for the same or similar issues or the current interest rates offered for the debt of the same remaining maturities, which are considered level 2 inputs in accordance with Accounting Standard Codification ("ASC") Topic 820, "Fair Value Measurements and Disclosures."

Non-Recurring Fair Value Measurements

The Company recognized asset impairment charges of $62.4 million and $1.5 million during the six months ended April 30, 2022 and 2021, respectively.

The following table presents quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used and net assets held for sale for the six months ended April 30, 2022 and 2021:

Quantitative Information about Level 3
Fair Value Measurements

(in millions)

Impairment Amount

Valuation
Technique

Unobservable
Input

Range of
Input
Values

April 30, 2022

Net Assets Held for Sale

$

62.4

Indicative Bids

N/A

Total

$

62.4

April 30, 2021

Long Lived Assets

$

1.5

Discounted Cash Flows; Indicative Bids

N/A

Total

$

1.5

Assets and Liabilities Held for Sale

On December 31, 2021, the Company entered into a definitive agreement to divest its approximately 50% equity interest in the Flexible Products & Services business (the "FPS Divestiture"). This agreement triggered the reclassification of the Flexible Products & Services business to assets and liabilities held for sale, which further resulted in recognized impairment charges of $62.4 million in the first quarter of 2022. See Note 13 to the interim condensed consolidated financial statements for additional disclosures of the FPS Divestiture. During the six months ended April 30, 2021, the Company recorded no impairment charges related to assets and liabilities held for sale.

The assumptions used in measuring fair value of assets and liabilities held for sale are considered level 3 inputs, which include recent purchase offers, market comparables and/or data obtained from commercial real estate brokers.

Long-Lived Assets

As necessary, based on triggering events, the Company measures long-lived assets at fair value on a non-recurring basis. The Company recorded no impairment charges related to both properties, plants and equipment, net and intangible assets during the six months ended April 30, 2022 and $1.5 million impairment charges related to both properties, plants and equipment, net and intangible assets during the six months ended April 30, 2021, respectively.

The assumptions used in measuring fair value of long-lived assets are considered level 3 inputs, which include bids received from third parties, recent purchase offers, market comparable information and discounted cash flows based on assumptions that market participants would use.

STOCK-BASED COMPENSATION	6 Months Ended
STOCK-BASED COMPENSATION	Apr. 30, 2022
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Long-Term Incentive Plan The Company's 2020 Long-Term Incentive Plan (the "2020 LTIP") is intended to focus management on the key measures that drive superior performance over the longer term. The 2020 LTIP provides key employees with incentive compensation based upon consecutive and overlapping three-year performance periods that commence at the start of every year. For each three-year performance period, the performance goals are based on performance criteria as determined by the Compensation Committee of the Company’s Board of Directors. For each three-year performance period commencing at the beginning of the year, participants may be granted restricted stock units (“RSUs”) or performance stock units (“PSUs”) or a combination of both. The Company may grant RSUs based on a three-year vesting period on the basis of service only. The RSUs are an equity-classified plan measured at fair value on the grant date recognized ratably over the service period. Dividend-equivalent rights may be granted in connection with an RSU award and are recognized in conjunction with the Company's dividend issuance and settled upon vesting of the award. The Company granted 99,006 RSUs on December 16, 2021, for the performance period commencing on November 1, 2021 and ending October 31, 2024. The weighted average fair value of the RSUs granted on that date was $60.54. Under the 2020 LTIP, the Company may grant PSUs for a three-year performance period based upon service, performance criteria and market conditions. The performance criteria are based on targeted levels of earnings before interest, taxes, depreciation, depletion and amortization and total shareholder return as determined by the Compensation Committee. The PSUs are a liability-classified plan wherein the fair value of the PSUs awarded is determined at each reporting period using a Monte Carlo simulation. A Monte Carlo simulation uses assumptions including the risk-free interest rate, expected volatility of the Company’s stock price, and expected life of the awards to determine a fair value of the market condition throughout the vesting period. The Company granted 162,392 PSUs on December 16, 2021, for the performance period commencing on November 1, 2021 and ending October 31, 2024. If earned, the PSUs are to be awarded in shares of Class A Common Stock. The weighted average fair value of the PSUs granted on that date was $60.08. The weighted average fair value of the PSUs at April 30, 2022 was $86.80.

INCOME TAXES	6 Months Ended
INCOME TAXES	Apr. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax expense for the quarter and year to date periods was computed in accordance with ASC 740-270 "Income Taxes - Interim Reporting." Under this method, losses from jurisdictions for which a valuation allowance has been provided have not been included in the amount to which the ASC 740-270 rate was applied. The Company's income tax expense may fluctuate due to changes in estimated losses and income from jurisdictions for which a valuation allowance has been provided, the timing of recognition of the related tax expense under ASC 740-270, and the impact of discrete items in the respective quarter. For the six months ended April 30, 2022 and April 30, 2021, income tax expense was $65.5 million and $23.4 million, respectively. The $42.1 million increase in income tax expense for the six months ended April 30, 2022 was primarily the result of an increase in pre-tax book earnings, changes in the expected mix of earnings among tax jurisdictions, including jurisdictions for which valuation allowances have been recorded, and the timing of recognition of the related tax expense under ASC740-270. Additionally, a net $60.4 million book expense was recorded related to the FPS Divestiture and other businesses for which there is expected to be no tax benefit.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

POST RETIREMENT BENEFIT PLANS

POST RETIREMENT BENEFIT PLANS

6 Months Ended

Apr. 30, 2022

Retirement Benefits [Abstract]

POST RETIREMENT BENEFIT PLANSThe components of net periodic pension cost include the following:


	Three Months Ended April 30,				Six Months Ended April 30,
(in millions)	2022		2021		2022		2021
Service cost	$	3.0	$	3.1	$	6.0	$	6.2
Interest cost	5.1		4.6		10.2		9.1
Expected return on plan assets	(8.3)		(8.1)		(16.5)		(16.0)
Amortization of prior service cost	(0.1)		(0.1)		(0.2)		(0.1)
Recognized net actuarial loss	2.0		3.7		4.0		7.5
Net periodic pension cost	$	1.7	$	3.2	$	3.5	$	6.7

As previously disclosed in the Company's Annual Report on Form 10-K for the year ended October 31, 2021, the Company expects to make employer contributions of $35.5 million, including benefits paid directly by the Company, during 2022.

The components of net periodic pension cost and net periodic post-retirement benefit, other than the service cost components, are included in the line item "Other income, net" in the interim condensed consolidated statements of income.

During the six months ended April 30, 2021, an annuity contract for approximately $100.0 million was purchased with United States defined benefit plan assets and the pension obligation for certain retirees in the United States under that plan was irrevocably transferred from that plan to the annuity contract. Additionally, lump sum payments totaling $6.0 million and $7.5 million for the three and six months ended April 30, 2021 were made from the defined benefit plan assets to certain participants who agreed to such payments, representing the current fair value of the participant’s respective pension benefit. The settlement items described above resulted in a decrease in the fair value of both the plan assets and the projected benefit obligation of $107.5 million and a non-cash pension settlement charge of $0.1 million and $8.6 million of unrecognized net actuarial loss included in accumulated other comprehensive loss for the three and six months ended April 30, 2021.

CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES	6 Months Ended
CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES	Apr. 30, 2022
Environmental Remediation Obligations [Abstract]
CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES	CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES Litigation-related Liabilities The Company may become involved from time-to-time in litigation and regulatory matters incidental to its business, including governmental investigations, enforcement actions, personal injury claims, product liability, employment health and safety matters, commercial disputes, intellectual property matters, disputes regarding environmental clean-up costs, litigation in connection with acquisitions and divestitures, and other matters arising out of the normal conduct of its business. The Company intends to vigorously defend itself in such litigation. The Company does not believe that the outcome of any pending litigation will have a material adverse effect on its interim condensed consolidated financial statements. The Company may accrue for contingencies related to litigation and regulatory matters if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Because litigation is inherently unpredictable and unfavorable resolutions can occur, assessing contingencies is highly subjective and requires judgments about future events. The Company regularly reviews contingencies to determine whether its accruals are adequate. The amount of ultimate loss may differ from these estimates. Environmental Reserves As of April 30, 2022, and October 31, 2021, the Company's environmental reserves were $20.3 million and $19.5 million, respectively. These reserves are principally based on environmental studies and cost estimates provided by third parties, but also take into account management estimates. The estimated liabilities are reduced to reflect the anticipated participation of other potentially responsible parties in those instances where it is probable that such parties are legally responsible and financially capable of paying their respective shares of relevant costs. For sites that involve formal actions subject to joint and several liabilities, these actions have formal agreements in place to apportion the liability. As of April 30, 2022 and October 31, 2021, the Company has accrued $11.0 million for the Diamond Alkali Superfund Site in New Jersey. Aside from the Diamond Alkali Superfund Site, other environmental reserves of the Company as of April 30, 2022 and October 31, 2021 included $9.3 million and $8.5 million, respectively, for its various facilities around the world. It is possible that there could be resolution of uncertainties in the future that would require the Company to record charges that could be material to future earnings. The Company’s exposure to adverse developments with respect to any individual site is not expected to be material. Although environmental remediation could have a material effect on results of operations if a series of adverse developments occur in a particular quarter or year, the Company believes that the chance of a series of adverse developments occurring in the same quarter or year is remote. Future information and developments will require the Company to continually reassess the expected impact of these environmental matters.

EARNINGS PER SHARE

6 Months Ended

Apr. 30, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

The Company has two classes of common stock and, as such, applies the “two-class method” of computing earnings per share (“EPS”) as prescribed in ASC 260, “Earnings Per Share.” In accordance with this guidance, earnings are allocated in the same fashion as dividends would be distributed. Under the Company’s certificate of incorporation, any distribution of dividends in any year must be made in proportion of one cent a share for Class A Common Stock to one and one-half cents a share for Class B Common Stock, which results in a 40% to 60% split to Class A and B shareholders, respectively. In accordance with this, earnings are allocated first to Class A and Class B Common Stock to the extent that dividends are actually paid and the remainder is allocated assuming all of the earnings for the period have been distributed in the form of dividends.

The Company calculates EPS as follows:

Basic Class A EPS

=

40% * Average Class A Shares Outstanding

*

Undistributed Net Income

+

Class A Dividends Per Share

40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding

Average Class A Shares Outstanding

Diluted Class A EPS

=

40% * Average Class A Shares Outstanding

*

Undistributed Net Income

+

Class A Dividends Per Share

40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding

Average Diluted Class A Shares Outstanding

Basic Class B EPS

=

60% * Average Class B Shares Outstanding

*

Undistributed Net Income

+

Class B Dividends Per Share

40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding

Average Class B Shares Outstanding

*Diluted Class B EPS calculation is identical to Basic Class B calculation

The following table provides EPS information for each period, respectively:


	Three Months Ended April 30,				Six Months Ended April 30,
(in millions)	2022		2021		2022		2021
Numerator for basic and diluted EPS
Net income attributable to Greif, Inc.	$	125.1	$	149.8	$	135.4	$	173.2
Cash dividends	(27.4)		(26.3)		(54.6)		(52.2)
Undistributed earnings attributable to Greif, Inc.	$	97.7	$	123.5	$	80.8	$	121.0

The Class A Common Stock has no voting rights unless four quarterly cumulative dividends upon the Class A Common Stock are in arrears. The Class B Common Stock has full voting rights. There is no cumulative voting for the election of directors.

The following table summarizes the Company’s Class A and Class B common and treasury shares as of the specified dates:


	Authorized Shares	Issued Shares	Outstanding Shares	Treasury Shares
April 30, 2022
Class A Common Stock	128,000,000	42,281,920	26,627,738	15,654,182
Class B Common Stock	69,120,000	34,560,000	22,007,725	12,552,275

October 31, 2021
Class A Common Stock	128,000,000	42,281,920	26,550,924	15,730,996
Class B Common Stock	69,120,000	34,560,000	22,007,725	12,552,275

The following is a reconciliation of the shares used to calculate basic and diluted earnings per share:


	Three Months Ended April 30,		Six Months Ended April 30,
	2022	2021	2022	2021
Class A Common Stock:
Basic shares	26,618,116	26,544,197	26,596,024	26,500,134
Assumed conversion of restricted shares	194,898	120,050	180,522	102,616
Diluted shares	26,813,014	26,664,247	26,776,546	26,602,750
Class B Common Stock:
Basic and diluted shares	22,007,725	22,007,725	22,007,725	22,007,725

LEASES

6 Months Ended

Apr. 30, 2022

Leases [Abstract]

LEASES

The Company leases certain buildings, warehouses, land, transportation equipment, operating equipment, and office equipment with remaining lease terms from less than 1 year up to 20 years. The Company reviews all options to extend, terminate, or purchase a right of use asset at the time of lease inception and accounts for options deemed reasonably certain.

The Company combines lease and non-lease components for all leases, except real estate, for which these components are presented separately. Leases with an initial term of twelve months or less are not capitalized and are recognized on a straight-line basis over the lease term. The implicit rate is not readily determinable for substantially all of the Company's leases, and therefore the initial present value of lease payments is calculated utilizing an estimated incremental borrowing rate determined at the portfolio level based on market and Company specific information.

Certain of the Company’s leases include variable costs. As the right of use asset recorded on the balance sheet was determined based upon factors considered at the commencement date, changes in these variable expenses are not capitalized and are expensed as incurred throughout the lease term.

As of April 30, 2022, the Company does not have material exposure to finance leases and has not entered into any significant leases which have not yet commenced.

The following table presents the lease expense components for the three and six months ended April 30, 2022 and 2021:


	Three Months Ended April 30,				Six Months Ended April 30,
(in millions)	2022		2021		2022		2021
Operating lease cost	$	16.7	$	17.2	$	33.7	$	34.5
Other lease cost*	6.3		7.0		12.0		12.7
Total lease cost	$	23.0	$	24.2	$	45.7	$	47.2
*includes variable, short-term, and finance lease costs

Future maturity for the Company's lease liabilities, during the next five years, and in the aggregate for the years thereafter, are as follows:


(in millions)	April 30, 2022
2022	$	62.9
2023	56.5
2024	47.1
2025	41.4
2026	33.5
Thereafter	110.0
Total lease payments	$	351.4
Less: interest	(85.7)
Lease liabilities	$	265.7

The following table presents the weighted-average lease term and discount rate as of April 30, 2022 and 2021:


	April 30, 2022		April 30, 2021
Weighted-average remaining lease term (years) for operating lease liabilities	10.2		10.7
Weighted-average discount rate for operating lease liabilities	3.60	%	3.66	%

The following table presents other required lease related information for the three and six months ended April 30, 2022 and 2021:


	Three Months Ended April 30,				Six Months Ended April 30,
(in millions)	2022		2021		2022		2021
Operating cash flows used for operating liabilities	$	17.0	$	17.2	$	34.1	$	34.6
Leased assets obtained in exchange for new operating lease liabilities	4.3		11.7		12.0		13.6

COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Apr. 30, 2022

Equity [Abstract]

COMPREHENSIVE INCOME (LOSS)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2022:


(in millions)	Foreign Currency Translation		Derivative Financial Instruments		Minimum Pension Liability Adjustment		Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2021	$	(295.4)	$	(3.6)	$	(57.5)	$	(356.5)
Other comprehensive income (loss)	(74.9)		35.9		6.5		(32.5)
Foreign currency translation released from business divestment	113.1		—		—		113.1
Balance as of April 30, 2022	$	(257.2)	$	32.3	$	(51.0)	$	(275.9)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2021:


(in millions)	Foreign Currency Translation		Derivative Financial Instruments		Minimum Pension Liability Adjustment		Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2020	$	(294.9)	$	(24.7)	$	(107.9)	$	(427.5)
Other comprehensive income	33.6		11.4		47.1		92.1
Balance as of April 30, 2021	$	(261.3)	$	(13.3)	$	(60.8)	$	(335.4)

The components of accumulated other comprehensive income (loss) above are presented net of tax, as applicable.

BUSINESS SEGMENT INFORMATION

6 Months Ended

Apr. 30, 2022

Segment Reporting [Abstract]

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 2021 Form 10-K.

The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2022:


	Three Months Ended April 30, 2022
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	345.1	$	459.2	$	167.4	$	971.7
Paper Packaging & Services	678.5		—		10.8		689.3
Land Management	6.3		—		—		6.3
Total net sales	$	1,029.9	$	459.2	$	178.2	$	1,667.3

	Six Months Ended April 30, 2022
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	663.9	$	916.5	$	340.4	$	1,920.8
Paper Packaging & Services	1,279.3		—		20.0		1,299.3
Land Management	11.5		—		—		11.5
Total net sales	$	1,954.7	$	916.5	$	360.4	$	3,231.6

The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2021:


	Three Months Ended April 30, 2021
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	250.3	$	410.5	$	137.2	$	798.0
Paper Packaging & Services	528.4		—		8.6		537.0
Land Management	5.6		—		—		5.6
Total net sales	$	784.3	$	410.5	$	145.8	$	1,340.6

	Six Months Ended April 30, 2021
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	453.1	$	741.0	$	263.2	$	1,457.3
Paper Packaging & Services	1,001.9		—		16.0		1,017.9
Land Management	11.9		—		—		11.9
Total net sales	$	1,466.9	$	741.0	$	279.2	$	2,487.1

The following segment information is presented for the periods indicated:


	Three Months Ended April 30,				Six Months Ended April 30,
(in millions)	2022		2021		2022		2021
Operating profit:
Global Industrial Packaging	$	108.0	$	76.4	$	139.0	$	130.4
Paper Packaging & Services	80.1		27.3		118.4		41.6
Land Management	2.0		96.9		4.7		98.6
Total operating profit	$	190.1	$	200.6	$	262.1	$	270.6

Depreciation, depletion and amortization expense:
Global Industrial Packaging	$	18.8	$	21.2	$	39.4	$	42.2
Paper Packaging & Services	35.1		36.9		73.1		74.1
Land Management	0.7		0.7		1.5		1.8
Total depreciation, depletion and amortization expense	$	54.6	$	58.8	$	114.0	$	118.1

The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:


(in millions)	April 30, 2022		October 31, 2021
Assets:
Global Industrial Packaging	$	2,514.5	$	2,735.1
Paper Packaging & Services	2,522.0		2,506.5
Land Management	250.5		249.2
Total segments	5,287.0		5,490.8
Corporate and other	335.9		325.0
Total assets	$	5,622.9	$	5,815.8

Long lived assets, net:
United States	$	1,282.2	$	1,321.8
Europe, Middle East and Africa	311.0		374.5
Asia Pacific and other Americas	100.0		114.3
Total long-lived assets, net	$	1,693.2	$	1,810.6

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

Restructuring and Related Activities [Abstract]

DIVESTITURES	6 Months Ended
DIVESTITURES	Apr. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
DIVESTITURES	DIVESTITURES During the second quarter of 2022, the Company completed the FPS Divestiture for $123.0 million, before preliminary adjustments at closing of $38.8 million and subject to final adjustments. The Company received net cash proceeds of $131.6 million, inclusive of $24.4 million of cash and cash equivalents deconsolidated as a result of the divestiture. The gain on sale of businesses, net for the three and six months ended April 30, 2022 was $4.2 million in the Global Industrial Packaging segment, consisting of $4.8 million gain on the sale of an equity method investment with an offsetting loss of $0.6 million due to the FPS divestiture.

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The interim condensed consolidated financial statements have been prepared in accordance with the U.S. Securities and Exchange Commission (“SEC”) instructions to Quarterly Reports on Form 10-Q and include all of the information and disclosures required by accounting principles generally accepted in the United States (“GAAP”) for interim financial reporting. The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the interim condensed consolidated financial statements and accompanying notes. Actual amounts could differ from those estimates. The fiscal year of Greif, Inc. and its subsidiaries (the “Company”) begins on November 1 and ends on October 31 of the following year. Any references to years or to any quarter of those years, relates to the fiscal year or quarter, as the case may be, ended in that year, unless otherwise stated. The information filed herein reflects all adjustments that are, in the opinion of management, necessary for a fair presentation of the interim condensed consolidated balance sheets as of April 30, 2022 and October 31, 2021, the interim condensed consolidated statements of income, comprehensive income and changes in shareholders' equity for the three and six months ended April 30, 2022 and 2021 and the interim condensed consolidated statements of cash flows for the six months ended April 30, 2022 and 2021 of the Company. The interim condensed consolidated financial statements include the accounts of Greif, Inc., all wholly-owned and consolidated subsidiaries and investments in limited liability companies, partnerships and joint ventures in which it has controlling influence or is the primary beneficiary. Non-majority owned entities include investments in limited liability companies, partnerships and joint ventures in which the Company does not have controlling interest and are accounted for using either the equity or cost method, as appropriate. The unaudited interim condensed consolidated financial statements included in the Quarterly Report on Form 10-Q (this “Form 10-Q”) should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for its fiscal year ended October 31, 2021 (the “2021 Form 10-K”).
Newly Adopted Accounting Standards and Recently Issued Accounting Standards	Newly Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes", which is intended to simplify accounting for income taxes. This ASU is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years, with early adoption permitted. The Company adopted this ASU on November 1, 2021. The adoption of this guidance did not have a material impact on the Company's financial position, results of operations, comprehensive income, cash flows or disclosures. Recently Issued Accounting Standards Except for the accounting pronouncement described above, there have been no new accounting pronouncements issued since the filing of the 2021 Form 10-K that have significance, or potential significance, to the interim condensed consolidated financial statements.

RESTRUCTURING CHARGES (Tables)

6 Months Ended

Apr. 30, 2022

Schedule of Reconciliation of Beginning and Ended Restructuring Reserve Balances

The following is a reconciliation of the beginning and ending restructuring reserve balances for the six months ended April 30, 2022:


(in millions)	Employee Separation Costs		Other Costs		Total
Balance at October 31, 2021	$	18.6	$	1.7	$	20.3
Costs incurred and charged to expense	3.9		3.3		7.2
Costs paid or otherwise settled	(9.6)		(3.8)		(13.4)
Balance at April 30, 2022	$	12.9	$	1.2	$	14.1

Schedule of Reconciliation of Total Amounts Expected to be Incurred from Open Restructuring Plans Anticipated to be Realized

The following is a reconciliation of the total amounts expected to be incurred from open restructuring plans or plans that are being formulated and have not been announced as of the filing date of this Form 10-Q. Remaining amounts expected to be incurred were $10.9 million as of April 30, 2022:


(in millions)	Total Amounts Expected to be Incurred		Amounts Incurred During the Six Months Ended April 30, 2022		Amounts Remaining to be Incurred
Global Industrial Packaging
Employee separation costs	$	10.1	$	3.3	$	6.8
Other restructuring costs	3.7		1.5		2.2
	13.8		4.8		9.0
Paper Packaging & Services
Employee separation costs	1.1		0.6		0.5
Other restructuring costs	3.2		1.8		1.4
	4.3		2.4		1.9




	$	18.1	$	7.2	$	10.9

LONG-TERM DEBT (Tables)

6 Months Ended

Apr. 30, 2022

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt is summarized as follows:


(in millions)	April 30, 2022		October 31, 2021
2022 Credit Agreement - Term Loans	$	1,615.0	$	—
2019 Credit Agreement - Term Loans	—		1,247.3
Senior Notes due 2027	—		495.9
Accounts receivable credit facilities	380.6		391.1
2022 Credit Agreement - Revolving Credit Facility	85.3		—
2019 Credit Agreement - Revolving Credit Facility	—		50.5
Other debt	0.4		0.6
	2,081.3		2,185.4
Less: current portion	80.8		120.3
Less: deferred financing costs	9.2		10.3
Long-term debt, net	$	1,991.3	$	2,054.8

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Apr. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Recurring Fair Value Measurements

The following table presents the fair value for those assets and (liabilities) measured on a recurring basis as of April 30, 2022 and October 31, 2021:


	April 30, 2022
	Assets								Liabilities
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Interest rate derivatives	$	—	$	29.8	$	—	$	29.8	$	—	$	(1.6)	$	—	$	(1.6)
Foreign exchange hedges	—		2.1		—		2.1		—		(0.5)		—		(0.5)
Insurance annuity	—		—		19.0		19.0		—		—		—		—
Cross currency swap	—		30.0		—		30.0		—		—		—		—

	October 31, 2021
	Assets								Liabilities
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Interest rate derivatives	$	—	$	7.6	$	—	$	7.6	$	—	$	(16.8)	$	—	$	(16.8)
Foreign exchange hedges	—		0.1		—		0.1		—		(0.1)		—		(0.1)
Insurance annuity	—		—		20.9		20.9		—		—		—		—
Cross currency swap	—		10.2		—		10.2		—		(1.2)		—		(1.2)

Schedule of Quantitative about Significant Unobservable Inputs Used to Determine Fair Value of Impairment of Long-Lived Assets Held and Used

The following table presents quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used and net assets held for sale for the six months ended April 30, 2022 and 2021:

Quantitative Information about Level 3
Fair Value Measurements

(in millions)

Impairment Amount

Valuation
Technique

Unobservable
Input

Range of
Input
Values

April 30, 2022

Net Assets Held for Sale

$

62.4

Indicative Bids

N/A

Total

$

62.4

April 30, 2021

Long Lived Assets

$

1.5

Discounted Cash Flows; Indicative Bids

N/A

Total

$

1.5

POST RETIREMENT BENEFIT PLANS (Tables)

6 Months Ended

Apr. 30, 2022

Retirement Benefits [Abstract]

Schedule of Components Of Net Periodic Pension Cost

The components of net periodic pension cost include the following:


	Three Months Ended April 30,				Six Months Ended April 30,
(in millions)	2022		2021		2022		2021
Service cost	$	3.0	$	3.1	$	6.0	$	6.2
Interest cost	5.1		4.6		10.2		9.1
Expected return on plan assets	(8.3)		(8.1)		(16.5)		(16.0)
Amortization of prior service cost	(0.1)		(0.1)		(0.2)		(0.1)
Recognized net actuarial loss	2.0		3.7		4.0		7.5
Net periodic pension cost	$	1.7	$	3.2	$	3.5	$	6.7

EARNINGS PER SHARE (Tables)

6 Months Ended

Apr. 30, 2022

Earnings Per Share [Abstract]

Schedule of Computation of Class Based Basic and Diluted Earnings Per Share

The Company calculates EPS as follows:

Basic Class A EPS

=

40% * Average Class A Shares Outstanding

*

Undistributed Net Income

+

Class A Dividends Per Share

40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding

Average Class A Shares Outstanding

Diluted Class A EPS

=

40% * Average Class A Shares Outstanding

*

Undistributed Net Income

+

Class A Dividends Per Share

40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding

Average Diluted Class A Shares Outstanding

Basic Class B EPS

=

60% * Average Class B Shares Outstanding

*

Undistributed Net Income

+

Class B Dividends Per Share

40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding

Average Class B Shares Outstanding

*Diluted Class B EPS calculation is identical to Basic Class B calculation

Schedule of Computation of Earnings Per Share Basic and Diluted

The following table provides EPS information for each period, respectively:


	Three Months Ended April 30,				Six Months Ended April 30,
(in millions)	2022		2021		2022		2021
Numerator for basic and diluted EPS
Net income attributable to Greif, Inc.	$	125.1	$	149.8	$	135.4	$	173.2
Cash dividends	(27.4)		(26.3)		(54.6)		(52.2)
Undistributed earnings attributable to Greif, Inc.	$	97.7	$	123.5	$	80.8	$	121.0

Schedule of Company's Class A and Class B Common and Treasury Shares

The following table summarizes the Company’s Class A and Class B common and treasury shares as of the specified dates:


	Authorized Shares	Issued Shares	Outstanding Shares	Treasury Shares
April 30, 2022
Class A Common Stock	128,000,000	42,281,920	26,627,738	15,654,182
Class B Common Stock	69,120,000	34,560,000	22,007,725	12,552,275

October 31, 2021
Class A Common Stock	128,000,000	42,281,920	26,550,924	15,730,996
Class B Common Stock	69,120,000	34,560,000	22,007,725	12,552,275

Schedule of Reconciliation of Shares Used to Calculate Basic and Diluted Earnings Per Share

The following is a reconciliation of the shares used to calculate basic and diluted earnings per share:


	Three Months Ended April 30,		Six Months Ended April 30,
	2022	2021	2022	2021
Class A Common Stock:
Basic shares	26,618,116	26,544,197	26,596,024	26,500,134
Assumed conversion of restricted shares	194,898	120,050	180,522	102,616
Diluted shares	26,813,014	26,664,247	26,776,546	26,602,750
Class B Common Stock:
Basic and diluted shares	22,007,725	22,007,725	22,007,725	22,007,725

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=65888546&loc=d3e21300-112643

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21553-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=122040564&loc=d3e177068-122764

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21488-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21484-112644

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644

Components of Lease Expense

LEASES (Tables)

6 Months Ended

Apr. 30, 2022

Leases [Abstract]

The following table presents the lease expense components for the three and six months ended April 30, 2022 and 2021:


	Three Months Ended April 30,				Six Months Ended April 30,
(in millions)	2022		2021		2022		2021
Operating lease cost	$	16.7	$	17.2	$	33.7	$	34.5
Other lease cost*	6.3		7.0		12.0		12.7
Total lease cost	$	23.0	$	24.2	$	45.7	$	47.2
*includes variable, short-term, and finance lease costs

The following table presents other required lease related information for the three and six months ended April 30, 2022 and 2021:


	Three Months Ended April 30,				Six Months Ended April 30,
(in millions)	2022		2021		2022		2021
Operating cash flows used for operating liabilities	$	17.0	$	17.2	$	34.1	$	34.6
Leased assets obtained in exchange for new operating lease liabilities	4.3		11.7		12.0		13.6

Maturities of Operating Lease Liabilities

Future maturity for the Company's lease liabilities, during the next five years, and in the aggregate for the years thereafter, are as follows:


(in millions)	April 30, 2022
2022	$	62.9
2023	56.5
2024	47.1
2025	41.4
2026	33.5
Thereafter	110.0
Total lease payments	$	351.4
Less: interest	(85.7)
Lease liabilities	$	265.7

Schedule of Weighted-Average Lease Term and Discount Rate

The following table presents the weighted-average lease term and discount rate as of April 30, 2022 and 2021:


	April 30, 2022		April 30, 2021
Weighted-average remaining lease term (years) for operating lease liabilities	10.2		10.7
Weighted-average discount rate for operating lease liabilities	3.60	%	3.66	%

COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Apr. 30, 2022

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2022:


(in millions)	Foreign Currency Translation		Derivative Financial Instruments		Minimum Pension Liability Adjustment		Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2021	$	(295.4)	$	(3.6)	$	(57.5)	$	(356.5)
Other comprehensive income (loss)	(74.9)		35.9		6.5		(32.5)
Foreign currency translation released from business divestment	113.1		—		—		113.1
Balance as of April 30, 2022	$	(257.2)	$	32.3	$	(51.0)	$	(275.9)

The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2021:


(in millions)	Foreign Currency Translation		Derivative Financial Instruments		Minimum Pension Liability Adjustment		Accumulated Other Comprehensive Income (Loss)
Balance as of October 31, 2020	$	(294.9)	$	(24.7)	$	(107.9)	$	(427.5)
Other comprehensive income	33.6		11.4		47.1		92.1
Balance as of April 30, 2021	$	(261.3)	$	(13.3)	$	(60.8)	$	(335.4)

BUSINESS SEGMENT INFORMATION (Tables)

6 Months Ended

Apr. 30, 2022

Segment Reporting [Abstract]

Schedule of Revenue from External Customers by Geographic Areas

The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2022:


	Three Months Ended April 30, 2022
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	345.1	$	459.2	$	167.4	$	971.7
Paper Packaging & Services	678.5		—		10.8		689.3
Land Management	6.3		—		—		6.3
Total net sales	$	1,029.9	$	459.2	$	178.2	$	1,667.3

	Six Months Ended April 30, 2022
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	663.9	$	916.5	$	340.4	$	1,920.8
Paper Packaging & Services	1,279.3		—		20.0		1,299.3
Land Management	11.5		—		—		11.5
Total net sales	$	1,954.7	$	916.5	$	360.4	$	3,231.6

The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2021:


	Three Months Ended April 30, 2021
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	250.3	$	410.5	$	137.2	$	798.0
Paper Packaging & Services	528.4		—		8.6		537.0
Land Management	5.6		—		—		5.6
Total net sales	$	784.3	$	410.5	$	145.8	$	1,340.6

	Six Months Ended April 30, 2021
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	453.1	$	741.0	$	263.2	$	1,457.3
Paper Packaging & Services	1,001.9		—		16.0		1,017.9
Land Management	11.9		—		—		11.9
Total net sales	$	1,466.9	$	741.0	$	279.2	$	2,487.1

Schedule of Segment Information

The following segment information is presented for the periods indicated:


	Three Months Ended April 30,				Six Months Ended April 30,
(in millions)	2022		2021		2022		2021
Operating profit:
Global Industrial Packaging	$	108.0	$	76.4	$	139.0	$	130.4
Paper Packaging & Services	80.1		27.3		118.4		41.6
Land Management	2.0		96.9		4.7		98.6
Total operating profit	$	190.1	$	200.6	$	262.1	$	270.6

Depreciation, depletion and amortization expense:
Global Industrial Packaging	$	18.8	$	21.2	$	39.4	$	42.2
Paper Packaging & Services	35.1		36.9		73.1		74.1
Land Management	0.7		0.7		1.5		1.8
Total depreciation, depletion and amortization expense	$	54.6	$	58.8	$	114.0	$	118.1

Schedule of Properties, Plants and Equipment, Net by Geographical Area

The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:


(in millions)	April 30, 2022		October 31, 2021
Assets:
Global Industrial Packaging	$	2,514.5	$	2,735.1
Paper Packaging & Services	2,522.0		2,506.5
Land Management	250.5		249.2
Total segments	5,287.0		5,490.8
Corporate and other	335.9		325.0
Total assets	$	5,622.9	$	5,815.8

Long lived assets, net:
United States	$	1,282.2	$	1,321.8
Europe, Middle East and Africa	311.0		374.5
Asia Pacific and other Americas	100.0		114.3
Total long-lived assets, net	$	1,693.2	$	1,810.6

RESTRUCTURING CHARGES - Reconciliation of Beginning and Ending Restructuring Reserve Balances (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			$ 20.3
Costs incurred and charged to expense	$ 3.7	$ 12.0	7.2	$ 15.1
Costs paid or otherwise settled			(13.4)
Restructuring reserve, ending balance	14.1		14.1
Employee Separation Costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			18.6
Costs incurred and charged to expense	2.3		3.9
Costs paid or otherwise settled			(9.6)
Restructuring reserve, ending balance	12.9		12.9
Other Costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			1.7
Costs incurred and charged to expense	1.4		3.3
Costs paid or otherwise settled			(3.8)
Restructuring reserve, ending balance	$ 1.2		$ 1.2

RESTRUCTURING CHARGES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Restructuring and Related Costs [Line Items]
Restructuring charges	$ 3.7	$ 12.0	$ 7.2	$ 15.1
Amounts remaining to be incurred	10.9		10.9
Employee Separation Costs
Restructuring and Related Costs [Line Items]
Restructuring charges	2.3		3.9
Other restructuring costs
Restructuring and Related Costs [Line Items]
Restructuring charges	$ 1.4		$ 3.3

RESTRUCTURING CHARGES - Amounts Expected to be Incurred, Amounts Incurred, and Amounts Remaining to Be Incurred (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	$ 18.1		$ 18.1
Amounts Incurred During the Six Months Ended April 30, 2022	3.7	$ 12.0	7.2	$ 15.1
Amounts Remaining to be Incurred	10.9		10.9
Employee separation costs
Restructuring and Related Costs [Line Items]
Amounts Incurred During the Six Months Ended April 30, 2022	2.3		3.9
Other restructuring costs
Restructuring and Related Costs [Line Items]
Amounts Incurred During the Six Months Ended April 30, 2022	1.4		3.3
Global Industrial Packaging
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	13.8		13.8
Amounts Incurred During the Six Months Ended April 30, 2022			4.8
Amounts Remaining to be Incurred	9.0		9.0
Global Industrial Packaging \| Employee separation costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	10.1		10.1
Amounts Incurred During the Six Months Ended April 30, 2022			3.3
Amounts Remaining to be Incurred	6.8		6.8
Global Industrial Packaging \| Other restructuring costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	3.7		3.7
Amounts Incurred During the Six Months Ended April 30, 2022			1.5
Amounts Remaining to be Incurred	2.2		2.2
Paper Packaging & Services
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	4.3		4.3
Amounts Incurred During the Six Months Ended April 30, 2022			2.4
Amounts Remaining to be Incurred	1.9		1.9
Paper Packaging & Services \| Employee separation costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	1.1		1.1
Amounts Incurred During the Six Months Ended April 30, 2022			0.6
Amounts Remaining to be Incurred	0.5		0.5
Paper Packaging & Services \| Other restructuring costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	3.2		3.2
Amounts Incurred During the Six Months Ended April 30, 2022			1.8
Amounts Remaining to be Incurred	$ 1.4		$ 1.4

LONG-TERM DEBT - Summary of Long-Term Debt (Details) - USD ($) $ in Millions	Apr. 30, 2022	Oct. 31, 2021
Debt Instrument [Line Items]
Long-term debt	$ 2,081.3	$ 2,185.4
Less: current portion	80.8	120.3
Less: deferred financing costs	9.2	10.3
Long-term debt, net	1,991.3	2,054.8
2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	1,700.3
Other debt
Debt Instrument [Line Items]
Long-term debt	0.4	0.6
Term Loan \| 2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	1,615.0	0.0
Term Loan \| 2019 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	0.0	1,247.3
Domestic Line of Credit
Debt Instrument [Line Items]
Long-term debt	380.6	391.1
Revolving Credit Facility \| 2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	85.3	0.0
Less: current portion	80.8
Long-term debt, net	1,619.5
Revolving Credit Facility \| 2019 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	0.0	50.5
Senior Notes due 2027 \| Senior Notes due 2027
Debt Instrument [Line Items]
Long-term debt	$ 0.0	$ 495.9

LONG-TERM DEBT - Credit Agreement (Details) - USD ($)	Apr. 30, 2022	Mar. 01, 2022	Oct. 31, 2021
Debt Instrument [Line Items]
Long-term debt	$ 2,081,300,000		$ 2,185,400,000
Current portion of long-term debt	80,800,000		120,300,000
Long-term debt, net	1,991,300,000		2,054,800,000
Secured Term Loan A-1 Facility \| Term Loan
Debt Instrument [Line Items]
Debt issued		$ 1,100,000,000
Secured Term Loan A-2 Facility \| Term Loan
Debt Instrument [Line Items]
Debt issued		515,000,000
2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	1,700,300,000
Deferred financing cost	2,800,000
2019 Credit Agreement
Debt Instrument [Line Items]
Deferred financing cost	700,000
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity		800,000,000
Revolving Credit Facility \| 2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	85,300,000		0
Current portion of long-term debt	80,800,000
Long-term debt, net	$ 1,619,500,000
Weighted average interest rate	1.45%
Actual interest rate	1.74%
Debt issuance costs	$ 5,100,000
Revolving Credit Facility \| 2019 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	0		$ 50,500,000
Term Loan \| 2022 Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs	$ 9,200,000
Multicurrency Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity		725,000,000
U.S. Dollar Facility \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 75,000,000

LONG-TERM DEBT - Senior Notes (Details) - Senior Notes due 2027 - USD ($)	Apr. 30, 2022	Mar. 01, 2022	Feb. 11, 2019
Senior Notes due 2027
Debt Instrument [Line Items]
Debt issued			$ 500,000,000
Deferred financing cost	$ 1,800,000
Debt instrument, unamortized discount	$ 3,800,000
Senior Notes Due 2022
Debt Instrument [Line Items]
Debt instrument, repurchase amount		$ 516,300,000
Repurchase face amount		500,000,000
Debt instrument, unamortized premium		$ 16,300,000

LONG-TERM DEBT - Trade Accounts Receivable Credit Facility (Details)	May 17, 2022 USD ($)	May 16, 2022 USD ($)	Apr. 30, 2022 USD ($)	Apr. 30, 2022 EUR (€)	Oct. 31, 2021 USD ($)
Debt Instrument [Line Items]
Long-term debt			$ 2,081,300,000		$ 2,185,400,000
Domestic Line of Credit
Debt Instrument [Line Items]
Long-term debt			380,600,000		$ 391,100,000
United States Trade Accounts receivable credit facilities \| Subsequent Event
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 300,000,000	$ 275,000,000
United States Trade Accounts receivable credit facilities \| Domestic Line of Credit
Debt Instrument [Line Items]
Long-term line of credit			275,000,000
International Trade Accounts Receivable Credit Facilities \| European RPA
Debt Instrument [Line Items]
Financing receivable maximum amount under receivable purchase agreement			105,600,000	€ 100,000,000
International Trade Accounts Receivable Credit Facilities \| Foreign Line of Credit \| European RPA
Debt Instrument [Line Items]
Long-term debt			$ 105,600,000

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Recurring Fair Value Measurements (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Apr. 30, 2022	Oct. 31, 2021
Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 29.8	$ 7.6
Liabilities	(1.6)	(16.8)
Foreign exchange hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	2.1	0.1
Liabilities	(0.5)	(0.1)
Insurance annuity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	19.0	20.9
Liabilities	0.0	0.0
Cross currency swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	30.0	10.2
Liabilities	0.0	(1.2)
Level 1 \| Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.0	0.0
Liabilities	0.0	0.0
Level 1 \| Foreign exchange hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.0	0.0
Liabilities	0.0	0.0
Level 1 \| Insurance annuity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.0	0.0
Liabilities	0.0	0.0
Level 1 \| Cross currency swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.0	0.0
Liabilities	0.0	0.0
Level 2 \| Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	29.8	7.6
Liabilities	(1.6)	(16.8)
Level 2 \| Foreign exchange hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	2.1	0.1
Liabilities	(0.5)	(0.1)
Level 2 \| Insurance annuity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.0	0.0
Liabilities	0.0	0.0
Level 2 \| Cross currency swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	30.0	10.2
Liabilities	0.0	(1.2)
Level 3 \| Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.0	0.0
Liabilities	0.0	0.0
Level 3 \| Foreign exchange hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.0	0.0
Liabilities	0.0	0.0
Level 3 \| Insurance annuity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	19.0	20.9
Liabilities	0.0	0.0
Level 3 \| Cross currency swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0.0	0.0
Liabilities	$ 0.0	$ 0.0

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Additional Information (Details)		3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2021	Apr. 30, 2022 USD ($) derivative	Apr. 30, 2021 USD ($)	Apr. 30, 2022 USD ($) derivative	Apr. 30, 2021 USD ($)	Oct. 31, 2019 USD ($) derivative	Oct. 31, 2021 USD ($) derivative	Aug. 31, 2021 USD ($) derivative	Oct. 31, 2020 USD ($) derivative	Mar. 31, 2018 USD ($) derivative	Oct. 31, 2017 USD ($) derivative
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gains recorded in interest expense		$ (13,200,000)	$ (26,700,000)	$ (30,300,000)	$ (51,900,000)
Non-cash asset impairment charges		$ 0	200,000	$ 62,400,000	1,500,000
Flexible Packaging JV
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Percent divested from joint venture	50.00%
Interest rate derivatives \| Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of interest rate derivatives held \| derivative		3		3		6			4		3
Derivative, notional amount		$ 150,000,000		$ 150,000,000		$ 1,300,000,000			$ 200,000,000		$ 300,000,000
Derivative, future amortization amount		30,000,000		$ 30,000,000		$ 200,000,000
Derivative, term of contract				5 years		5 years
Derivative outstanding notional amount		150,000,000		$ 150,000,000		$ 500,000,000
Derivative, fixed interest rate											1.19%
Losses reclassified to earnings		$ 3,300,000	4,300,000	7,600,000	8,700,000
Gain to be reclassified within next twelve months				$ 3,300,000
Interest rate derivatives \| Cash Flow Hedging \| London Interbank Offered Rate (LIBOR)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Weighted average interest rate		2.21%		2.21%		2.49%			0.90%
Foreign Currency Forward Contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount		$ 119,300,000		$ 119,300,000			$ 81,800,000
Gains (losses) recorded under fair value contracts		300,000	(600,000)	(2,100,000)	1,300,000
Unrealized gain (loss) on foreign currency		600,000	(600,000)	1,600,000	(1,200,000)
Cross currency swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of interest rate derivatives held \| derivative							2	2		2
Derivative, notional amount							$ 116,800,000	$ 117,600,000		$ 100,000,000
Derivative, fixed interest rate							1.26%	1.19%		2.35%
Gains recorded in interest expense		$ 1,400,000	$ 600,000	$ 2,800,000	$ 1,200,000

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Summary of Significant Unobservable Inputs Used to Determine Fair Value Long-Lived Assets Held and Used (Details) - USD ($)	3 Months Ended			6 Months Ended
	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 0		$ 200,000	$ 62,400,000	$ 1,500,000
Land and Building \| Indicative Bids \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Assets Held for Sale		$ 62,400,000			0
Machinery and Equipment \| Discounted Cash Flows; Indicative Bids \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long Lived Assets				$ 0	$ 1,500,000

STOCK-BASED COMPENSATION (Details) - 2020 LTIP - $ / shares		6 Months Ended
	Dec. 16, 2021	Apr. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period on the basis of service only		3 years
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period on the basis of service only		3 years
Shares of restricted stock (in shares)	99,006
Weighted average grant date fair value (in usd per share)	$ 60.54
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock (in shares)	162,392
Weighted average grant date fair value (in usd per share)	$ 60.08	$ 86.80
Performance period based upon service, performance criteria and market conditions		3 years

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
INCOME TAXES (Details) - USD ($) $ in Millions	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 29.9	$ 17.3	$ 65.5	$ 23.4
Increase in income tax expense	$ 42.1		42.1
Book impairment loss			$ 60.4

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

POST RETIREMENT BENEFIT PLANS - Components of Net Periodic Pension Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Retirement Benefits [Abstract]
Service cost	$ 3.0	$ 3.1	$ 6.0	$ 6.2
Interest cost	5.1	4.6	10.2	9.1
Expected return on plan assets	(8.3)	(8.1)	(16.5)	(16.0)
Amortization of prior service cost	(0.1)	(0.1)	(0.2)	(0.1)
Recognized net actuarial loss	2.0	3.7	4.0	7.5
Net periodic pension cost	$ 1.7	$ 3.2	$ 3.5	$ 6.7

POST RETIREMENT BENEFIT PLANS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Apr. 30, 2021	Apr. 30, 2021	Oct. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Expected future employer contributions			$ 35.5
United States
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, annuity	$ 100.0	$ 100.0
Lump sum payments	6.0	7.5
Decrease for settlement		107.5
Loss on settlement	$ 0.1	$ 8.6

CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES (Details) - USD ($) $ in Millions	Apr. 30, 2022	Oct. 31, 2021
Site Contingency [Line Items]
Environmental liability reserves	$ 20.3	$ 19.5
Diamond Alkali
Site Contingency [Line Items]
Environmental liability reserves	11.0	11.0
European Drum Facilities
Site Contingency [Line Items]
Environmental liability reserves	$ 9.3	$ 8.5

EARNINGS PER SHARE - Additional Information (Details)	6 Months Ended
EARNINGS PER SHARE - Additional Information (Details)	Apr. 30, 2022 $ / shares
Class A Common Stock
Class of Stock [Line Items]
Dividend proportions (in usd per share)	$ 0.01
Percentage of shares outstanding used in two class method calculation	40.00%
Class B Common Stock
Class of Stock [Line Items]
Dividend proportions (in usd per share)	$ 0.015
Percentage of shares outstanding used in two class method calculation	60.00%

EARNINGS PER SHARE - Computation of Earnings Per Share Basic and Diluted (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Numerator for basic and diluted EPS
Net income attributable to Greif, Inc.	$ 125.1	$ 149.8	$ 135.4	$ 173.2
Cash dividends	(27.4)	(26.3)	(54.6)	(52.2)
Undistributed earnings attributable to Greif, Inc.	$ 97.7	$ 123.5	$ 80.8	$ 121.0

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

EARNINGS PER SHARE - Summarization of Company's Class A and Class B Common and Treasury Shares (Details) - shares	Apr. 30, 2022	Oct. 31, 2021
Class A Common Stock
Class of Stock [Line Items]
Authorized shares (in shares)	128,000,000	128,000,000
Issued shares (in shares)	42,281,920	42,281,920
Outstanding shares (in shares)	26,627,738	26,550,924
Treasury shares (in shares)	15,654,182	15,730,996
Class B Common Stock
Class of Stock [Line Items]
Authorized shares (in shares)	69,120,000	69,120,000
Issued shares (in shares)	34,560,000	34,560,000
Outstanding shares (in shares)	22,007,725	22,007,725
Treasury shares (in shares)	12,552,275	12,552,275

EARNINGS PER SHARE - Reconciliation of Shares Used to Calculate Basic and Diluted Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Class A Common Stock
Class of Stock [Line Items]
Basic shares (in shares)	26,618,116	26,544,197	26,596,024	26,500,134
Assumed conversion of restricted shares (in shares)	194,898	120,050	180,522	102,616
Diluted shares (in shares)	26,813,014	26,664,247	26,776,546	26,602,750
Class B Common Stock
Class of Stock [Line Items]
Basic shares (in shares)	22,007,725	22,007,725	22,007,725	22,007,725
Diluted shares (in shares)	22,007,725	22,007,725	22,007,725	22,007,725

LEASES - Additional Information (Details)	Apr. 30, 2022
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	20 years

LEASES - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Leases [Abstract]
Operating lease cost	$ 16.7	$ 17.2	$ 33.7	$ 34.5
Other lease cost	6.3	7.0	12.0	12.7
Total lease cost	$ 23.0	$ 24.2	$ 45.7	$ 47.2

LEASES - Maturities of Operating Lease Liabilities (Details) $ in Millions	Apr. 30, 2022 USD ($)
Leases [Abstract]
2022	$ 62.9
2023	56.5
2024	47.1
2025	41.4
2026	33.5
Thereafter	110.0
Total lease payments	351.4
Less: interest	(85.7)
Lease liabilities	$ 265.7

LEASES - Schedule of Weighted-Average Lease Term and Discount Rate (Details)	Apr. 30, 2022	Apr. 30, 2021
Leases [Abstract]
Weighted-average remaining lease term (years) for operating lease liabilities	10 years 2 months 12 days	10 years 8 months 12 days
Weighted-average discount rate for operating lease liabilities	3.60%	3.66%

LEASES - Cash Flow (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
LEASES - Cash Flow (Details) - USD ($) $ in Millions	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Leases [Abstract]
Operating cash flows used for operating liabilities	$ 17.0	$ 17.2	$ 34.1	$ 34.6
Leased assets obtained in exchange for new operating lease liabilities	$ 4.3	$ 11.7	$ 12.0	$ 13.6

COMPREHENSIVE INCOME (LOSS) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 1,557.3	$ 1,262.6	$ 1,575.6	$ 1,200.7
Other comprehensive income (loss)	91.6	40.5	75.0	92.7
Foreign currency translation released from business divestment	113.1		113.1
Ending balance	1,718.4	1,429.7	1,718.4	1,429.7
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(295.4)	(294.9)
Other comprehensive income (loss)			(74.9)	33.6
Foreign currency translation released from business divestment			113.1
Ending balance	(257.2)	(261.3)	(257.2)	(261.3)
Derivative Financial Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(3.6)	(24.7)
Other comprehensive income (loss)			35.9	11.4
Foreign currency translation released from business divestment			0.0
Ending balance	32.3	(13.3)	32.3	(13.3)
Minimum Pension Liability Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(57.5)	(107.9)
Other comprehensive income (loss)			6.5	47.1
Foreign currency translation released from business divestment			0.0
Ending balance	(51.0)	(60.8)	(51.0)	(60.8)
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(368.8)	(377.9)	(356.5)	(427.5)
Other comprehensive income (loss)			(32.5)	92.1
Foreign currency translation released from business divestment			113.1
Ending balance	$ (275.9)	$ (335.4)	$ (275.9)	$ (335.4)

Amount after tax and reclassification adjustments of other comprehensive income (loss).

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124442407-227067

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=124507222&loc=d3e1436-108581

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124442411-227067

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 24
-URI https://asc.fasb.org/extlink&oid=124436220&loc=d3e21930-107793

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 23
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124436220&loc=d3e21914-107793

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124442411-227067

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=122640432&loc=SL121648383-210437

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 105
-SubTopic 10
-Section 65
-Paragraph 6
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126987489&loc=SL124442142-165695

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 105
-SubTopic 10
-Section 65
-Paragraph 6
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126987489&loc=SL124442142-165695

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 16
-URI https://asc.fasb.org/extlink&oid=126929396&loc=SL4568740-111683

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(3)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 45
-Paragraph 5
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124436220&loc=d3e21711-107793

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (d)(2)
-URI https://asc.fasb.org/extlink&oid=126983759&loc=SL121830611-158277

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 848
-SubTopic 10
-Section 65
-Paragraph 2
-Subparagraph (a)(3)(iii)(03)
-URI https://asc.fasb.org/extlink&oid=125980421&loc=SL125981372-237846

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 65
-Paragraph 8
-Subparagraph (d)(3)
-URI https://asc.fasb.org/extlink&oid=126983759&loc=SL121830611-158277

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=128097895&loc=SL121327923-165333

Reference 22: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4I
-URI https://asc.fasb.org/extlink&oid=120409616&loc=SL4590271-111686

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-URI https://asc.fasb.org/extlink&oid=124501264&loc=SL117420844-207641

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

Reference 25: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126929396&loc=SL4568447-111683

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (f)(1)
-URI https://asc.fasb.org/extlink&oid=128097895&loc=SL121327923-165333

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=128097895&loc=SL121327923-165333

BUSINESS SEGMENT INFORMATION - Additional Information (Details)	6 Months Ended
	Apr. 30, 2022 segment
Segment Reporting [Abstract]
Number of operating segments	6
Number of reportable segment	3

BUSINESS SEGMENT INFORMATION - Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2022	Apr. 30, 2021
Segment Reporting Information [Line Items]
Total net sales	$ 1,667.3	$ 1,340.6	$ 3,231.6	$ 2,487.1
Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	971.7	798.0	1,920.8	1,457.3
Paper Packaging & Services
Segment Reporting Information [Line Items]
Total net sales	689.3	537.0	1,299.3	1,017.9
Land Management
Segment Reporting Information [Line Items]
Total net sales	6.3	5.6	11.5	11.9
United States
Segment Reporting Information [Line Items]
Total net sales	1,029.9	784.3	1,954.7	1,466.9
United States \| Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	345.1	250.3	663.9	453.1
United States \| Paper Packaging & Services
Segment Reporting Information [Line Items]
Total net sales	678.5	528.4	1,279.3	1,001.9
United States \| Land Management
Segment Reporting Information [Line Items]
Total net sales	6.3	5.6	11.5	11.9
Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Total net sales	459.2	410.5	916.5	741.0
Europe, Middle East and Africa \| Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	459.2	410.5	916.5	741.0
Europe, Middle East and Africa \| Paper Packaging & Services
Segment Reporting Information [Line Items]
Total net sales	0.0	0.0	0.0	0.0
Europe, Middle East and Africa \| Land Management
Segment Reporting Information [Line Items]
Total net sales	0.0	0.0	0.0	0.0
Asia Pacific and Other Americas
Segment Reporting Information [Line Items]
Total net sales	178.2	145.8	360.4	279.2
Asia Pacific and Other Americas \| Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	167.4	137.2	340.4	263.2
Asia Pacific and Other Americas \| Paper Packaging & Services
Segment Reporting Information [Line Items]
Total net sales	10.8	8.6	20.0	16.0
Asia Pacific and Other Americas \| Land Management
Segment Reporting Information [Line Items]
Total net sales	$ 0.0	$ 0.0	$ 0.0	$ 0.0

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856