Greif (GEF) 10-Q 2 Sep 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jul. 31, 2021	Aug. 30, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2021
Document Transition Report	false
Entity File Number	001-00566
Entity Registrant Name	GREIF, INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	31-4388903
Entity Address, Address Line One	425 Winter Road
Entity Address, City or Town	Delaware
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43015
City Area Code	740
Local Phone Number	549-6000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000043920
Current Fiscal Year End Date	--10-31
Class A Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock
Trading Symbol	GEF
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding (in shares)		26,550,924
Class B Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class B Common Stock
Trading Symbol	GEF-B
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding (in shares)		22,007,725

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Net sales	$ 1,490.8	$ 1,083	$ 3,977.9	$ 3,353.7
Cost of products sold	1,172	863.3	3,181	2,670.7
Gross profit	318.8	219.7	796.9	683
Selling, general and administrative expenses	142.6	120.4	423.7	376.9
Restructuring charges	3.7	19.1	18.8	26.8
Timberland gains	0	0	(95.7)	0
Acquisition and integration related costs	2.4	3.6	6.2	13.5
Non-cash asset impairment charges	0	15.5	1.5	16.9
Gain on disposal of properties, plants and equipment, net	(3)	(0.3)	(1.3)	(2.1)
Loss (gain) on disposal of businesses, net	0	(0.5)	0	37.9
Operating profit	173.1	61.9	443.7	213.1
Interest expense, net	23.9	29.8	75.8	89.8
Non-cash pension settlement charges (income)	0.4	0	9	(0.1)
Other expense (income), net	(0.6)	1.1	2.2	3.5
Income before income tax expense and equity earnings of unconsolidated affiliates, net	149.4	31	356.7	119.9
Income tax expense	33.1	6.9	56.5	44.8
Equity earnings of unconsolidated affiliates, net of tax	(2.1)	(0.3)	(3.1)	(1.2)
Net income	118.4	24.4	303.3	76.3
Net income attributable to noncontrolling interests	(5.4)	(3.7)	(17.1)	(11.9)
Net income attributable to Greif, Inc.	$ 113	$ 20.7	$ 286.2	$ 64.4
Class A Common Stock
Basic earnings per share attributable to Greif, Inc. common shareholders:
Basic earnings per share attributable to Greif, Inc. common shareholders (in usd per share)	$ 1.90	$ 0.35	$ 4.81	$ 1.09
Diluted earnings per share attributable to Greif, Inc. common shareholders:
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share)	$ 1.89	$ 0.35	$ 4.80	$ 1.09
Weighted-average number of common shares outstanding:
Weighted-average number of common shares outstanding, basic (shares)	26,550,924	26,441,986	26,517,064	26,363,123
Weighted-average number of common shares outstanding, diluted (shares)	26,704,889	26,442,595	26,636,944	26,363,177
Cash dividends declared per common share:
Cash dividends declared per common share (in usd per share)	$ 0.44	$ 0.44	$ 1.32	$ 1.32
Class B Common Stock
Basic earnings per share attributable to Greif, Inc. common shareholders:
Basic earnings per share attributable to Greif, Inc. common shareholders (in usd per share)	2.85	0.52	7.21	1.62
Diluted earnings per share attributable to Greif, Inc. common shareholders:
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share)	$ 2.85	$ 0.52	$ 7.21	$ 1.62
Weighted-average number of common shares outstanding:
Weighted-average number of common shares outstanding, basic (shares)	22,007,725	22,007,725	22,007,725	22,007,725
Weighted-average number of common shares outstanding, diluted (shares)	22,007,725	22,007,725	22,007,725	22,007,725
Cash dividends declared per common share:
Cash dividends declared per common share (in usd per share)	$ 0.66	$ 0.66	$ 1.97	$ 1.97

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 118.4	$ 24.4	$ 303.3	$ 76.3
Other comprehensive income (loss), net of tax:
Foreign currency translation	(15.5)	59.6	18.7	4.2
Derivative financial instruments	(0.6)	2	10.8	(20.9)
Minimum pension liabilities	2.2	(2.4)	49.3	20.6
Other comprehensive income (loss), net of tax	(13.9)	59.2	78.8	3.9
Comprehensive income	104.5	83.6	382.1	80.2
Comprehensive income attributable to noncontrolling interests	5.6	0.9	17.9	3.5
Comprehensive income attributable to Greif, Inc.	$ 98.9	$ 82.7	$ 364.2	$ 76.7

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jul. 31, 2021	Oct. 31, 2020
Current assets
Cash and cash equivalents	$ 99.8	$ 105.9
Trade accounts receivable, less allowance of $6.3 in 2021 and $9.4 in 2020	834.7	636.6
Inventories:
Raw materials	348.9	208.4
Work-in-process	1.5	5.4
Finished goods	106.1	79.8
Assets held for sale	6.6	57
Assets held by special purpose entities and other current assets	87.3	115.8
Prepaid expenses	82	43
Total current assets	1,566.9	1,302.8
Long-term assets
Goodwill	1,522.3	1,518.4
Other intangible assets, net of amortization	665.4	715.3
Deferred tax assets	26.8	11.3
Pension asset	44.1	29.5
Operating lease assets	287.5	307.5
Other long-term assets	117.6	99.2
Total long term assets, excluding properties, plants and equipment	2,663.7	2,681.2
Properties, plants and equipment
Timber properties, net of depletion	226.3	224.5
Land	163.1	162.6
Buildings	540.6	524.7
Machinery and equipment	2,019.9	1,930.6
Capital projects in progress	116.7	120.6
Properties, plants and equipment, gross	3,066.6	2,963
Accumulated depreciation	(1,573.6)	(1,436.1)
Properties, plants and equipment, net	1,493	1,526.9
Total assets	5,723.6	5,510.9
Current liabilities
Accounts payable	657	450.7
Accrued payroll and employee benefits	138.6	122.3
Restructuring reserves	20.5	21.6
Current portion of long-term debt	120.3	123.1
Short-term borrowings	57.6	28.4
Liabilities held by special purpose entities and other current liabilities	191.4	158.4
Current portion of operating lease liabilities	51.3	52.3
Mandatorily redeemable noncontrolling interests	5	0
Total current liabilities	1,241.7	1,000.1
Long-term liabilities
Long-term debt	2,089.7	2,335.5
Operating lease liabilities	238.8	257.7
Deferred tax liabilities	336.2	339.2
Pension liabilities	82.4	137.7
Postretirement benefit obligations	11.1	11.6
Contingent liabilities and environmental reserves	19.4	20.2
Mandatorily redeemable noncontrolling interests	3.4	8.4
Long-term income tax payable	27.8	27.8
Other long-term liabilities	147.2	152
Total long-term liabilities	2,956	3,290.1
Commitments and contingencies (Note 8)
Redeemable noncontrolling interests	18.4	20
Equity
Common stock, without par value	178.6	170.2
Treasury stock, at cost	(134.1)	(134.4)
Retained earnings	1,753.9	1,543.9
Accumulated other comprehensive loss, net of tax:
Foreign currency translation	(277)	(294.9)
Derivative financial instruments	(13.9)	(24.7)
Minimum pension liabilities	(58.6)	(107.9)
Total Greif, Inc. shareholders' equity	1,448.9	1,152.2
Noncontrolling interests	58.6	48.5
Total shareholders' equity	1,507.5	1,200.7
Total liabilities and shareholders' equity	5,723.6	5,510.9
Held by special purpose entities
Inventories:
Assets held by special purpose entities and other current assets	0	50.9
Current liabilities
Liabilities held by special purpose entities and other current liabilities	$ 0	$ 43.3

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Jul. 31, 2021	Oct. 31, 2020
Statement of Financial Position [Abstract]
Allowance of trade accounts receivable	$ 6.3	$ 9.4

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Cash flows from operating activities:
Net income	$ 303.3	$ 76.3
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	176.2	182.4
Non-cash asset impairment charges	1.5	16.9
Non-cash pension settlement charges (income)	9	(0.1)
Loss (gain) on disposals of properties, plants and equipment, net	(1.3)	(2.1)
Loss on disposals of businesses, net	0	37.9
Timberland gains	(95.7)	0
Unrealized foreign exchange loss (gain)	0.8	(0.2)
Deferred income tax benefit	(41.6)	(5.3)
Non-cash lease expense	36.5	43
Other, net	0.3	(1.8)
Increase (decrease) in cash from changes in certain assets and liabilities:
Trade accounts receivable	(185.4)	9.4
Inventories	(157.5)	(22.5)
Accounts payable	204.1	25.9
Restructuring reserves	(1.2)	8.5
Operating leases	(40.1)	(42.4)
Pension and post-retirement benefit liabilities	(11.7)	(17.3)
Other, net	61.5	(54.3)
Net cash provided by operating activities	258.7	254.3
Cash flows from investing activities:
Purchases of properties, plants and equipment	(94.2)	(98.8)
Purchases of and investments in timber properties	(7.4)	(4)
Purchases of equity method investments	0	(3.6)
Proceeds from the sale of timberlands	145.1	0
Collections of receivables held in special purpose entities	50.9	0
Payments for issuance of loans receivable	(15)	0
Proceeds from the sale of properties, plants, equipment and other assets	10.7	7.8
Proceeds from the sale of businesses	0	82.9
Proceeds from insurance recoveries	0	0.9
Other, net	(3.9)	0
Net cash provided by (used in) investing activities	86.2	(14.8)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	1,160.5	1,083.6
Payments on long-term debt	(1,490)	(1,156.9)
Proceeds (payments) on short-term borrowings, net	28.4	(6.9)
Proceeds from trade accounts receivable credit facility	99	64.3
Payments on trade accounts receivable credit facility	(23.1)	(119.4)
Payments for liabilities held in special purpose entities	(43.3)	0
Dividends paid to Greif, Inc. shareholders	(78.4)	(78.2)
Dividends paid to noncontrolling interests	(7.2)	(12.1)
Net cash used in financing activities	(354.1)	(225.6)
Effects of exchange rates on cash	3.1	7.3
Net increase (decrease) in cash and cash equivalents	(6.1)	21.2
Cash and cash equivalents at beginning of period	105.9	77.3
Cash and cash equivalents at end of period	$ 99.8	$ 98.5

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($) shares in Thousands, $ in Millions	Total	Executive	Directors	Capital Stock	Capital StockExecutive	Capital StockDirectors	Treasury Stock	Treasury StockExecutive	Treasury StockDirectors	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Greif, Inc. Equity	Greif, Inc. EquityExecutive	Greif, Inc. EquityDirectors	Non controlling interests
Beginning balance (shares) at Oct. 31, 2019				48,266			28,576
Beginning balance at Oct. 31, 2019	$ 1,191.1			$ 162.6			$ (134.8)			$ 1,539	$ (433.7)	$ 1,133.1			$ 58
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	76.3									64.4		64.4			11.9
Other comprehensive income (loss):
Foreign currency translation	4.2										12.6	12.6			(8.4)
Derivative financial instruments, net of income tax expense	(20.9)										(20.9)	(20.9)
Minimum pension liability adjustment, net of income tax expense	20.6										20.6	20.6
Comprehensive income	80.2											76.7
Current period mark to redemption value of redeemable noncontrolling interest	2.2									2.2		2.2
Net income allocated to redeemable noncontrolling interests	0.2														0.2
Dividends paid to Greif, Inc. shareholders	(78.2)									(78.2)		(78.2)
Dividends paid to noncontrolling interests and other	(12.1)														(12.1)
Long-term incentive shares issued (shares)				153			153
Long-term incentive shares issued	5.3			$ 5			$ 0.3					5.3
Share based compensation	1			$ 1								1
Restricted stock (shares)					3	28		(3)	(28)
Restricted stock		$ 0.2	$ 1		$ 0.1	$ 1		$ 0.1					$ 0.2	$ 1
Ending balance (shares) at Jul. 31, 2020				48,450			28,392
Ending balance at Jul. 31, 2020	1,190.9			$ 169.7			$ (134.4)			1,527.4	(421.4)	1,141.3			49.6
Beginning balance (shares) at Apr. 30, 2020				48,450			28,392
Beginning balance at Apr. 30, 2020	1,135.2			$ 169.2			$ (134.4)			1,531.8	(483.4)	1,083.2			52
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	24.4									20.7		20.7			3.7
Other comprehensive income (loss):
Foreign currency translation	59.6										62.4	62.4			(2.8)
Derivative financial instruments, net of income tax expense	2										2	2
Minimum pension liability adjustment, net of income tax expense	(2.4)										(2.4)	(2.4)
Comprehensive income	83.6											82.7
Current period mark to redemption value of redeemable noncontrolling interest	1.1									1.1		1.1
Net income allocated to redeemable noncontrolling interests	0.3														0.3
Dividends paid to Greif, Inc. shareholders	(26.2)									(26.2)		(26.2)
Dividends paid to noncontrolling interests and other	(3.6)														(3.6)
Share based compensation	0.5			$ 0.5								0.5
Ending balance (shares) at Jul. 31, 2020				48,450			28,392
Ending balance at Jul. 31, 2020	1,190.9			$ 169.7			$ (134.4)			1,527.4	(421.4)	1,141.3			49.6
Beginning balance (shares) at Oct. 31, 2020				48,450			28,392
Beginning balance at Oct. 31, 2020	1,200.7			$ 170.2			$ (134.4)			1,543.9	(427.5)	1,152.2			48.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	303.3									286.2		286.2			17.1
Other comprehensive income (loss):
Foreign currency translation	18.7										17.9	17.9			0.8
Derivative financial instruments, net of income tax expense	10.8										10.8	10.8
Minimum pension liability adjustment, net of income tax expense	49.3										49.3	49.3
Comprehensive income	382.1											364.2
Current period mark to redemption value of redeemable noncontrolling interest	2.2									2.2		2.2
Net income allocated to redeemable noncontrolling interests	(1.4)														(1.4)
Dividends paid to Greif, Inc. shareholders	(78.4)									(78.4)		(78.4)
Dividends paid to noncontrolling interests and other	(6.4)														(6.4)
Long-term incentive shares issued (shares)				80			80
Long-term incentive shares issued	4.1			$ 3.9			$ 0.2					4.1
Share based compensation	3.2			$ 3.2								3.2
Restricted stock (shares)					3	26		(3)	(26)
Restricted stock		$ 0.1	$ 1.3		$ 0.1	$ 1.2			$ 0.1				$ 0.1	$ 1.3
Ending balance (shares) at Jul. 31, 2021				48,559			28,283
Ending balance at Jul. 31, 2021	1,507.5			$ 178.6			$ (134.1)			1,753.9	(349.5)	1,448.9			58.6
Beginning balance (shares) at Apr. 30, 2021				48,559			28,283
Beginning balance at Apr. 30, 2021	1,429.7			$ 177.6			$ (134.1)			1,666.1	(335.4)	1,374.2			55.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	118.4									113		113			5.4
Other comprehensive income (loss):
Foreign currency translation	(15.5)										(15.7)	(15.7)			0.2
Derivative financial instruments, net of income tax expense	(0.6)										(0.6)	(0.6)
Minimum pension liability adjustment, net of income tax expense	2.2										2.2	2.2
Comprehensive income	104.5											98.9
Current period mark to redemption value of redeemable noncontrolling interest	1									1		1
Net income allocated to redeemable noncontrolling interests	(0.6)														(0.6)
Dividends paid to Greif, Inc. shareholders	(26.2)									(26.2)		(26.2)
Dividends paid to noncontrolling interests and other	(1.9)														(1.9)
Share based compensation	1			$ 1								1
Ending balance (shares) at Jul. 31, 2021				48,559			28,283
Ending balance at Jul. 31, 2021	$ 1,507.5			$ 178.6			$ (134.1)			$ 1,753.9	$ (349.5)	$ 1,448.9			$ 58.6

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Derivative gain (loss), tax	$ 0.2	$ 6.7	$ (3.6)	$ 6.7
Defined benefit plan, tax	$ (0.8)		$ (17)	$ (7.5)
Class A Common Stock
Dividend paid (usd per share)	$ 0.44	$ 0.44	$ 1.32	$ 1.32
Class B Common Stock
Dividend paid (usd per share)	$ 0.66	$ 0.66	$ 1.97	$ 1.97

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Jul. 31, 2021
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 July 31, 2021 and October 31, 2020, the interim condensed consolidated statements of income, comprehensive income and changes in shareholders' equity for the three and nine months ended July 31, 2021 and 2020 and the interim condensed consolidated statements of cash flows for the nine months ended July 31, 2021 and 2020 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, 2020 (the “2020 Form 10-K”). Effective the first quarter 2021, the Company adjusted its reportable segments. The presentation of prior periods throughout Part I Item 1 of this Form 10-Q has been modified to reflect the new segment reporting structure. See Note 12 to the Interim Condensed Consolidated Financial Statements for additional information. Newly Adopted Accounting Standards In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-13, “Financial Instruments – Credit Losses.” This ASU sets forth a current expected credit loss model that requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonably supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This ASU was effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. The Company adopted this ASU on November 1, 2020. The adoption of this guidance did not have a material impact on financial position, results of operations, comprehensive income, cash flows or disclosures. Recently Issued Accounting Standards

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES	9 Months Ended
	Jul. 31, 2021
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES	RESTRUCTURING CHARGES The following is a reconciliation of the beginning and ending restructuring reserve balances for the nine months ended July 31, 2021: (in millions) Employee Other Total Balance at October 31, 2020 $ 17.9 $ 3.7 $ 21.6 Costs incurred and charged to expense 12.4 6.4 18.8 Costs paid or otherwise settled (11.9) (8.0) (19.9) Balance at July 31, 2021 $ 18.4 $ 2.1 $ 20.5 The focus for restructuring activities in 2021 is to optimize and integrate operations in the Paper Packaging & Services segment and to rationalize operations and close underperforming assets in the Global Industrial Packaging segment. During the three months ended July 31, 2021, the Company recorded restructuring charges of $3.7 million, as compared to $19.1 million of restructuring charges recorded during the three months ended July 31, 2020. The restructuring activity for the three months ended July 31, 2021 consisted of $1.8 million in employee separation costs and $1.9 million in other restructuring costs, primarily consisting of professional fees and other fees associated with restructuring activities. During the nine months ended July 31, 2021, the Company recorded restructuring charges of $18.8 million, as compared to $26.8 million of restructuring charges recorded during the nine months ended July 31, 2020. The restructuring activity for the nine months ended July 31, 2021 consisted of $12.4 million in employee separation costs and $6.4 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 $18.7 million as of July 31, 2021: (in millions) Total Amounts Amounts Incurred During the nine months ended July 31, 2021 Amounts Global Industrial Packaging Employee separation costs $ 19.8 $ 11.5 $ 8.3 Other restructuring costs 8.0 3.1 4.9 27.8 14.6 13.2 Paper Packaging & Services Employee separation costs 1.1 0.8 0.3 Other restructuring costs 8.5 3.3 5.2 9.6 4.1 5.5 Land Management Employee separation costs 0.1 0.1 — 0.1 0.1 — $ 37.5 $ 18.8 $ 18.7

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Jul. 31, 2021
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt is summarized as follows: (in millions) July 31, 2021 October 31, 2020 2019 Credit Agreement - Term Loans $ 1,277.3 $ 1,429.8 Senior Notes due 2027 495.7 495.1 Senior Notes due 2021 — 234.8 Accounts receivable credit facilities 386.4 310.0 2019 Credit Agreement - Revolving Credit Facility 61.5 — 2,220.9 2,469.7 Less: current portion 120.3 123.1 Less: deferred financing costs 10.9 11.1 Long-term debt, net $ 2,089.7 $ 2,335.5 2019 Credit Agreement On February 11, 2019, the Company and certain of its subsidiaries entered into an amended and restated senior secured credit agreement (the “2019 Credit Agreement”) with a syndicate of financial institutions. The Company's obligations under the 2019 Credit Agreement are guaranteed by certain of its U.S. and non-U.S. subsidiaries. The 2019 Credit Agreement provides for (a) an $800.0 million secured revolving credit facility, consisting of a $600.0 million multicurrency facility and a $200.0 million U.S. dollar facility, maturing on February 11, 2024, (b) a $1,275.0 million secured term loan A-1 facility, with quarterly principal installments that commenced on April 30, 2019, that matures on January 31, 2024, and (c) a $400.0 million secured term loan A-2 facility, with quarterly principal installments that commenced on April 30, 2019, that matures on January 31, 2026. In addition, the Company has an option to add an aggregate of $700.0 million to the secured revolving credit facility under the 2019 Credit Agreement with the agreement of the lenders. The revolving credit facility is available to fund ongoing working capital and capital expenditure needs, for general corporate purposes, and to finance acquisitions. On November 13, 2020 the Company and certain of its U.S. subsidiaries entered into an incremental term loan agreement (the "Incremental Term A-3 Loan Agreement") with a syndicate of farm credit institutions. The Incremental Term A-3 Loan Agreement provides for a loan commitment in the aggregate principal amount of $225.0 million, which was drawn on July 14, 2021 (the "Incremental Term A-3 Loan"). The Incremental Term A-3 Loan matures on July 15, 2026, with quarterly installments of principal payable on the last day of each fiscal quarter, which commenced on July 31, 2021. The Incremental Term A-3 Loan has, for all material purposes, the identical terms and provisions as the term A-1 and the term A-2 facilities under the 2019 Credit Agreement, discussed above. The Company's obligations with respect to the Incremental Term A-3 Loan constitutes similar obligations under the 2019 Credit Agreement and are secured and guaranteed with the other obligations as provided under the 2019 Credit Facility on a pari passu basis. The Company utilized the Incremental Term A-3 Loan proceeds to pay all of the outstanding principal of and interest on the Senior Notes due 2021, discussed below. As of July 31, 2021, $1,338.8 million was outstanding under the 2019 Credit Agreement. The current portion of such outstanding amount was $120.3 million, and the long-term portion was $1,218.5 million. The weighted average interest rate for borrowings under the 2019 Credit Agreement was 1.91% for the nine months ended July 31, 2021. The actual interest rate for borrowings under the 2019 Credit Agreement was 1.66% as of July 31, 2021. The deferred financing costs associated with the term loan portion of the 2019 Credit Agreement totaled $8.9 million as of July 31, 2021 and are recorded as a direct deduction from the balance sheet line Long-Term Debt. The deferred financing costs associated with the revolver portion of the 2019 Credit Agreement totaled $4.7 million as of July 31, 2021 and are recorded within Other Long-Term Assets. Senior Notes due 2027 On February 11, 2019, the Company issued $500.0 million of 6.50% Senior Notes due March 1, 2027 (the "Senior Notes due 2027"). Semi-annual interest payments on the Senior Notes due 2027 commenced on September 1, 2019. The Company's obligations under the Senior Notes due 2027 are guaranteed by its U.S. subsidiaries that guarantee the 2019 Credit Agreement. The deferred financing cost associated with the Senior Notes due 2027 totaled $2.0 million as of July 31, 2021 and are recorded as a direct deduction from the balance sheet line Long-Term Debt. Senior Notes due 2021 On July 15, 2011, Greif, Inc.’s wholly-owned subsidiary, Greif Nevada Holdings, Inc., S.C.S., issued €200.0 million of 7.375% Senior Notes due July 15, 2021 (the "Senior Notes due 2021"). As discussed above, the Senior Notes due 2021 were paid in full on July 14, 2021 from the proceeds of the Incremental Term A-3 Loan. United States Trade Accounts Receivable Credit Facility The Company amended and restated its U.S. receivables financing facility (the “U.S. Receivables Facility”) when Greif Receivables Funding LLC (“Greif Funding”), Greif Packaging LLC (“Greif Packaging”), for itself and as servicer, and certain other U.S. subsidiaries of the Company entered into a Third Amended and Restated Transfer and Administration Agreement, dated as of September 24, 2019 (the “Third Amended TAA”), with Bank of America, N.A. (“BANA”), as the agent, managing agent, administrator and committed investor, and various investor groups, managing agents, and administrators, from time to time parties thereto. On May 26, 2021, the Third Amended TAA was amended to increase the U.S. Receivables Facility to $275.0 million, with a new maturity date of May 26, 2022. As of July 31, 2021, there was $268.0 million outstanding balance 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 July 27, 2021, 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 26, 2022. The European RFA provides an accounts receivable financing facility of up to €100.0 million ($118.4 million as of July 31, 2021) secured by certain European accounts receivable. The $118.4 million outstanding on the European RFA as of July 31, 2021 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

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	9 Months Ended
	Jul. 31, 2021
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	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 July 31, 2021 and October 31, 2020: July 31, 2021 Fair Value Measurement (in millions) Level 1 Level 2 Level 3 Total Balance Sheet Location Interest rate derivatives $ — $ 2.8 $ — $ 2.8 Other long-term assets Interest rate derivatives — (23.6) — (23.6) Other current liabilities and other long-term liabilities Foreign exchange hedges — 0.4 — 0.4 Other current assets Foreign exchange hedges — (0.6) — (0.6) Other current liabilities Insurance annuity — — 21.6 21.6 Other long-term assets Cross currency swap — 6.1 — 6.1 Other current assets and other long-term assets October 31, 2020 Fair Value Measurement (in millions) Level 1 Level 2 Level 3 Total Balance Sheet Location Interest rate derivatives $ — $ (37.9) $ — $ (37.9) Other long-term liabilities and other current liabilities Foreign exchange hedges — 1.5 — 1.5 Other current assets Foreign exchange hedges — (1.6) — (1.6) Other current liabilities Insurance annuity — — 21.4 21.4 Other long-term assets Cross currency swap — 8.9 — 8.9 Other current assets and other long-term assets The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts payable, current liabilities and short-term borrowings as of July 31, 2021 and October 31, 2020 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 rate plus a spread. In 2020 (effective July 15, 2021), 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 July 31, 2021 is $600.0 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 an interest rate swap with a notional amount of $300.0 million, maturing on February 1, 2022. 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 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 is reported as a component of other comprehensive income and reclassified into earnings in the same line item associated with the forecasted transactions and in the same period during which the hedged transactions affect earnings. See Note 11 to the Interim Condensed Consolidated Financial Statements for additional information. 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 $4.6 million and $6.4 million for the three months ended July 31, 2021, and 2020, respectively. Losses reclassified to earnings under these contracts were $13.3 million and $11.1 million for the nine months ended July 31, 2021, and 2020, respectively. A derivative loss of $15.7 million, based upon interest rates at July 31, 2021, 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 July 31, 2021, and October 31, 2020, the Company had outstanding foreign currency forward contracts in the notional amount of $105.9 million and $268.6 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. Realized gains (losses) recorded in other expense, net under fair value contracts were $(0.3) million and $1.7 million for the three months ended July 31, 2021, and 2020, respectively. Realized gains (losses) recorded in other expense, net under fair value contracts were $1.1 million and $(0.5) million for the nine months ended July 31, 2021, and 2020, respectively. The Company recognized in other expense, net an unrealized net gain (loss) of $1.0 million and $(2.2) million during the three months ended July 31, 2021 and 2020, respectively. The Company recognized in other expense, net an unrealized net loss of $0.2 million and $0.4 million during the nine months ended July 31, 2021 and 2020, respectively 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 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 a 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. Accordingly, the gain or loss on these derivative instruments is included in the foreign currency translation component of other comprehensive income until the net investment is sold, diluted or liquidated. Interest payments received for these cross currency swaps are excluded from the net investment hedge effectiveness assessment and are recorded in interest expense, net on the interim condensed consolidated statements of income. For the three months ended July 31, 2021 and 2020, gains recorded in interest expense, net under the cross currency swap agreements were $0.6 million and $0.6 million, respectively. For the nine months ended July 31, 2021 and 2020, gains recorded in interest expense, net under the cross currency swap agreements were $1.8 million and $1.8 million, respectively. The assumptions used in measuring fair value of these cross currency swaps are considered level 2 inputs, which are based upon the Euro to United States Dollar exchange rate market. Other Financial Instruments The fair values of the Company’s 2019 Credit Agreement and the U.S. Receivables Facility and European RFA (the latter two facilities, collectively, "Accounts Receivable Credit Facilities") do not materially differ from carrying value as 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." The following table presents the estimated fair values of the Company’s Senior Notes and Assets held by special purpose entities: (in millions) July 31, October 31, Senior Notes due 2021 estimated fair value $ — $ 242.0 Senior Notes due 2027 estimated fair value 525.6 524.4 Assets held by special purpose entities estimated fair value — 50.9

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Jul. 31, 2021
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 139,360 RSUs after plan approval on December 17, 2020. The weighted average fair value of the RSUs granted on that date was $48.50. 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 253,102 PSUs after plan approval on December 17, 2020, for the performance period commencing on November 1, 2020 and ending October 31, 2023. 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 $47.26. The weighted average fair value of the PSUs at July 31, 2021 was $102.08.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jul. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax expense for the quarter and year to date 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. Income tax expense of the Company 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 nine months ended July 31, 2021 and July 31, 2020, income tax expense was $56.5 million and $44.8 million, respectively. The increase in income tax expense for the nine months ended July 31, 2021 was primarily attributable to an increase in pretax book income, 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. The increase in tax expense as a result of pretax book income was offset by net favorable discrete items of $6.8 million when compared to the nine months ended July 31, 2020 . The net favorable discrete adjustments primarily consisted of return to provision adjustments and releases of uncertain tax benefit reserves as a result of the settlement of U.S. Federal and Canadian income tax audits. Additionally, capital losses recorded during the nine months ended July 31, 2021, are expected to reduce the

POST RETIREMENT BENEFIT PLANS

POST RETIREMENT BENEFIT PLANS	9 Months Ended
	Jul. 31, 2021
Postemployment Benefits [Abstract]
POST RETIREMENT BENEFIT PLANS	POST RETIREMENT BENEFIT PLANS During the nine months ended July 31, 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 $2.7 million and $10.2 million for the three and nine months ended July 31, 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 $110.2 million and a non-cash pension settlement charges of $0.1 million and $8.7 million of unrecognized net actuarial loss included in accumulated other comprehensive loss for the three and nine months ended July 31, 2021. Additional lump sum payments in Canada and the United Kingdom exceeded the settlement threshold for the fiscal year triggering settlement accounting. Lump sum payments for these plans resulted in non-cash pension settlement charges of $0.3 million of unrecognized net actuarial loss that was included in accumulated other comprehensive loss for the three months ended July 31, 2021. The components of net periodic pension Three Months Ended Nine Months Ended (in millions) 2021 2020 2021 2020 Service cost $ 3.0 $ 3.6 $ 9.2 $ 9.6 Interest cost 4.8 7.2 13.9 19.4 Expected return on plan assets (7.8) (10.5) (23.8) (28.7) Amortization of prior service cost — 3.4 (0.1) 9.8 Recognized net actuarial loss 2.5 — 10.0 — Net periodic pension cost $ 2.5 $ 3.7 $ 9.2 $ 10.1 The Company expects to make employer contributions of $21.7 million, including benefits paid directly by the Company, during 2021. 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 expense, net" in the interim condensed consolidated statements of income.

CONTINGENT LIABILITIES AND ENVI

CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES	9 Months Ended
	Jul. 31, 2021
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. Since 2017, two reconditioning facilities in the Milwaukee, Wisconsin area that are owned by Container Life Cycle Management LLC ("CLCM"), a reconditioning joint venture of the Company, have been subject to an enforcement action conducted by federal and state governmental agencies related to potential violations of environmental laws and regulations. In 2017, the United States Environmental Protection Agency (“U.S. EPA”) and the Wisconsin Department of Natural Resources (“WDNR”) issued notices of violations to the Company and CLCM regarding violations of certain federal and state environmental laws and regulations. The remedies being sought in these proceedings include compliance with the applicable environmental laws and regulations as being interpreted by the U.S. EPA and WDNR and monetary sanctions. The Company has cooperated with the governmental agencies in these proceedings. As of September 2, 2021, no material citations have been issued or material fines assessed with respect to any violation of environmental laws and regulations. The Company is unable to predict the outcome of these proceedings or estimate a range of reasonable possible monetary sanctions or costs associated with any remedial actions that may be required or requested by the U.S. EPA or WDNR. In addition, on November 8, 2017, the Company, CLCM and other parties were named as defendants in a punitive class action lawsuit filed in Wisconsin state court concerning one of CLCM’s Milwaukee reconditioning facilities. The plaintiffs are alleging that odors from this facility have invaded their property and are interfering with the use and enjoyment of their property and causing damage to the value of their property. Plaintiffs are seeking compensatory and punitive damages, along with their legal fees. In June 2021, the Milwaukee County Circuit Court approved a class action settlement of these claims on a preliminary basis. The cash settlement component of $0.8 million is to be paid into a fund for the benefit of class members. CLCM has also agreed to make capital improvements in an amount up to $0.5 million to the facility, subject to certain qualifications set forth in the agreement, to further reduce odor emissions. The court is scheduled to hold a final fairness hearing in September 2021 and will either approve or deny the proposed settlement. If the court does not approve of the settlement, the Company and CLCM will vigorously defend themselves in this lawsuit; and in that case the Company would be unable to predict the outcome of this lawsuit or estimate a range of reasonably possible losses. Environmental Reserves As of July 31, 2021, and October 31, 2020, the Company's environmental reserves were $19.4 million and $20.2 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 July 31, 2021 and October 31, 2020, the Company has accrued $11.0 million and $11.1 million respectively for the Diamond Alkali Superfund Site in New Jersey. 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. Aside from the Diamond Alkali Superfund Site, other environmental reserves of the Company as of July 31, 2021 and October 31, 2020 included $8.4 million and $9.1 million, respectively, for its various facilities around the world. 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

EARNINGS PER SHARE	9 Months Ended
	Jul. 31, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHAREThe 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 Nine Months Ended (in millions) 2021 2020 2021 2020 Numerator for basic and diluted EPS Net income attributable to Greif, Inc. $ 113.0 $ 20.7 $ 286.2 $ 64.4 Cash dividends (26.2) (26.2) (78.4) (78.2) Undistributed earnings attributable to Greif, Inc. $ 86.8 $ (5.5) $ 207.8 $ (13.8) 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. Common Stock Repurchases The Board of Directors has authorized the Company to repurchase shares of the Company's Class A Common Stock or Class B Common Stock or any combination of the foregoing. As of July 31, 2021, the remaining amount of shares that may be repurchased under this authorization was 4,703,487. There were no shares repurchased during the first nine months of 2021 or fiscal year 2020. The following table summarizes the Company’s Class A and Class B common and treasury shares as of the specified dates: Authorized Issued Outstanding Treasury July 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 October 31, 2020 Class A Common Stock 128,000,000 42,281,920 26,441,986 15,839,934 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 Nine Months Ended 2021 2020 2021 2020 Class A Common Stock: Basic shares 26,550,924 26,441,986 26,517,064 26,363,123 Assumed conversion of restricted shares 153,965 609 119,880 54 Diluted shares 26,704,889 26,442,595 26,636,944 26,363,177 Class B Common Stock: Basic and diluted shares 22,007,725 22,007,725 22,007,725 22,007,725

LEASES

LEASES	9 Months Ended
	Jul. 31, 2021
Leases [Abstract]
LEASES	LEASES The Company leases certain buildings, warehouses, land, transportation equipment, operating equipment, and office equipment with remaining lease terms from less than one year up to 21 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 July 31, 2021, 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 nine months ended July 31, 2021 and 2020: Three Months Ended Nine Months Ended (in millions) 2021 2020 2021 2020 Operating lease cost $ 16.8 $ 17.2 $ 51.3 $ 50.0 Other lease cost * 7.1 5.9 19.8 20.4 Total lease cost $ 23.9 $ 23.1 $ 71.1 $ 70.4 * Amount 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) July 31, 2021 $ 65.5 2022 59.4 2023 51.1 2024 42.1 2025 37.8 Thereafter 142.0 Total lease payments $ 397.9 Less: Interest (107.8) Lease liabilities $ 290.1 The following table presents the weighted-average lease term and discount rate as of July 31, 2021 and 2020: July 31, July 31, Weighted-average remaining lease term (years) for operating lease liabilities 10.6 11.3 Weighted-average discount rate for operating lease liabilities 3.67 % 3.61 % The following table presents other required lease related information for the three and nine months ended July 31, 2021 and 2020: Three Months Ended Nine Months Ended (in millions) 2021 2020 2021 2020 Operating cash flows used for operating liabilities $ 17.2 $ 16.9 $ 51.8 $ 52.2 Leased assets obtained in exchange for new operating lease liabilities 1.7 0.8 15.3 63.9

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Jul. 31, 2021
Equity [Abstract]
COMPREHENSIVE INCOME (LOSS)	COMPREHENSIVE INCOME (LOSS) The following table provides the rollforward of accumulated other comprehensive income (loss) for the nine months ended July 31, 2021: (in millions) Foreign Derivative Financial Instruments Minimum Accumulated Balance as of October 31, 2020 $ (294.9) $ (24.7) $ (107.9) $ (427.5) Other Comprehensive Income 17.9 10.8 49.3 78.0 Balance as of July 31, 2021 $ (277.0) $ (13.9) $ (58.6) $ (349.5) The following table provides the rollforward of accumulated other comprehensive income (loss) for the nine months ended July 31, 2020: (in millions) Foreign Currency Derivative Minimum Pension Accumulated Other Balance as of October 31, 2019 $ (298.0) $ (12.7) $ (123.0) $ (433.7) Other Comprehensive Income (Loss) 12.6 (20.9) 20.6 12.3 Balance as of July 31, 2020 $ (285.4) $ (33.6) $ (102.4) $ (421.4) The components of accumulated other comprehensive income (loss) above are presented net of tax, as applicable.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	9 Months Ended
	Jul. 31, 2021
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION The Company has made changes to the operational and financial management practices and procedures of the Rigid Industrial Packaging & Services and Flexible Products & Services segments and combined the two segments under a single global leadership team. These changes were made to enhance cross-selling and service offerings to customers within similar markets and enhance Greif Business System effectiveness. As a result of these changes, during the first quarter of 2021, the Rigid Industrial Packaging & Services reportable segment and the Flexible Products & Services reportable segment have been combined into a single reportable segment known as Global Industrial Packaging. On February 24, 2021, the Company filed a Current Report on Form 8-K with the SEC to furnish certain historical GAAP and non-GAAP financial information in a revised presentation aligned with the Company's new reportable segment structure described above. The Company’s reportable business segments offer different products and services and consist of six operating segments. 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 2020 Form 10-K. The following tables present net sales disaggregated by geographic area for each reportable segment for the three and nine months ended July 31, 2021: Three Months Ended July 31, 2021 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 278.0 $ 463.0 $ 166.8 $ 907.8 Paper Packaging & Services 568.5 — 10.3 578.8 Land Management 4.2 — — 4.2 Total net sales $ 850.7 $ 463.0 $ 177.1 $ 1,490.8 Nine Months Ended July 31, 2021 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 731.2 $ 1,204.0 $ 429.9 $ 2,365.1 Paper Packaging & Services 1,570.4 — 26.3 1,596.7 Land Management 16.1 — — 16.1 Total net sales $ 2,317.7 $ 1,204.0 $ 456.2 $ 3,977.9 The following tables present net sales disaggregated by geographic area for each reportable segment for the three and nine months ended July 31, 2020: Three Months Ended July 31, 2020 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 201.8 $ 312.3 $ 103.7 $ 617.8 Paper Packaging & Services 451.5 — 7.8 459.3 Land Management 5.9 — — 5.9 Total net sales $ 659.2 $ 312.3 $ 111.5 $ 1,083.0 Nine Months Ended July 31, 2020 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 637.4 $ 955.9 $ 326.2 $ 1,919.5 Paper Packaging & Services 1,394.3 — 20.3 1,414.6 Land Management 19.6 — — 19.6 Total net sales $ 2,051.3 $ 955.9 $ 346.5 $ 3,353.7 The following segment information is presented for the periods indicated: Three Months Ended Nine Months Ended (in millions) 2021 2020 2021 2020 Operating profit: Global Industrial Packaging $ 122.0 $ 46.6 $ 252.4 $ 166.5 Paper Packaging & Services 47.5 13.3 89.1 40.3 Land Management 3.6 2.0 102.2 6.3 Total operating profit $ 173.1 $ 61.9 $ 443.7 $ 213.1 Depreciation, depletion and amortization expense: Global Industrial Packaging $ 20.6 $ 20.9 $ 62.8 $ 63.5 Paper Packaging & Services 36.7 37.8 110.8 115.8 Land Management 0.8 1.2 2.6 3.1 Total depreciation, depletion and amortization expense $ 58.1 $ 59.9 $ 176.2 $ 182.4 The following table presents total assets by segment and total properties, plants and equipment, net by geographic area: (in millions) July 31, October 31, Assets: Global Industrial Packaging $ 2,704.4 $ 2,338.5 Paper Packaging & Services 2,477.4 2,524.3 Land Management 249.9 348.6 Total segments 5,431.7 5,211.4 Corporate and other 291.9 299.5 Total assets $ 5,723.6 $ 5,510.9 Long lived assets, net*: United States $ 1,301.2 $ 1,345.8 Europe, Middle East and Africa 363.8 377.6 Asia Pacific and other Americas 115.5 111.0 Total long-lived assets, net $ 1,780.5 $ 1,834.4 *includes impact of capitalization of operating lease assets

DISPOSALS OF TIMBERLAND

DISPOSALS OF TIMBERLAND	9 Months Ended
	Jul. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
DISPOSALS OF TIMBERLAND	DISPOSALS OF TIMBERLANDOn February 24, 2021, the Company entered into an agreement to sell approximately 69,200 acres of its Alabama timberland properties to Weyerhaeuser Company. The transaction closed during the second quarter for approximately $145.1 million in cash, after deducting $4.3 million in closing costs. Cash proceeds were applied toward debt repayment. As a result of the sale of the Alabama timberland properties, the Company recorded a gain of $95.7 million.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Jul. 31, 2021
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 July 31, 2021 and October 31, 2020, the interim condensed consolidated statements of income, comprehensive income and changes in shareholders' equity for the three and nine months ended July 31, 2021 and 2020 and the interim condensed consolidated statements of cash flows for the nine months ended July 31, 2021 and 2020 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, 2020 (the “2020 Form 10-K”). Effective the first quarter 2021, the Company adjusted its reportable segments. The presentation of prior periods throughout Part I Item 1 of this Form 10-Q has been modified to reflect the new segment reporting structure. See Note 12 to the Interim Condensed Consolidated Financial Statements for additional information.
Newly Adopted Accounting Standards and Recently Issued Accounting Standards	Newly Adopted Accounting Standards In June 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-13, “Financial Instruments – Credit Losses.” This ASU sets forth a current expected credit loss model that requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonably supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. This ASU was effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with early adoption permitted. The Company adopted this ASU on November 1, 2020. The adoption of this guidance did not have a material impact on financial position, results of operations, comprehensive income, cash flows or disclosures. Recently Issued Accounting Standards

RESTRUCTURING CHARGES (Tables)

RESTRUCTURING CHARGES (Tables)	9 Months Ended
	Jul. 31, 2021
Restructuring and Related Activities [Abstract]
Reconciliation of Beginning and Ending Restructuring Reserve Balances	The following is a reconciliation of the beginning and ending restructuring reserve balances for the nine months ended July 31, 2021: (in millions) Employee Other Total Balance at October 31, 2020 $ 17.9 $ 3.7 $ 21.6 Costs incurred and charged to expense 12.4 6.4 18.8 Costs paid or otherwise settled (11.9) (8.0) (19.9) Balance at July 31, 2021 $ 18.4 $ 2.1 $ 20.5
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 $18.7 million as of July 31, 2021: (in millions) Total Amounts Amounts Incurred During the nine months ended July 31, 2021 Amounts Global Industrial Packaging Employee separation costs $ 19.8 $ 11.5 $ 8.3 Other restructuring costs 8.0 3.1 4.9 27.8 14.6 13.2 Paper Packaging & Services Employee separation costs 1.1 0.8 0.3 Other restructuring costs 8.5 3.3 5.2 9.6 4.1 5.5 Land Management Employee separation costs 0.1 0.1 — 0.1 0.1 — $ 37.5 $ 18.8 $ 18.7

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Jul. 31, 2021
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Long-term debt is summarized as follows: (in millions) July 31, 2021 October 31, 2020 2019 Credit Agreement - Term Loans $ 1,277.3 $ 1,429.8 Senior Notes due 2027 495.7 495.1 Senior Notes due 2021 — 234.8 Accounts receivable credit facilities 386.4 310.0 2019 Credit Agreement - Revolving Credit Facility 61.5 — 2,220.9 2,469.7 Less: current portion 120.3 123.1 Less: deferred financing costs 10.9 11.1 Long-term debt, net $ 2,089.7 $ 2,335.5

FINANCIAL INSTRUMENTS AND FAI_2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Jul. 31, 2021
Fair Value Disclosures [Abstract]
Recurring Fair Value Measurements	The following table presents the fair value for those assets and (liabilities) measured on a recurring basis as of July 31, 2021 and October 31, 2020: July 31, 2021 Fair Value Measurement (in millions) Level 1 Level 2 Level 3 Total Balance Sheet Location Interest rate derivatives $ — $ 2.8 $ — $ 2.8 Other long-term assets Interest rate derivatives — (23.6) — (23.6) Other current liabilities and other long-term liabilities Foreign exchange hedges — 0.4 — 0.4 Other current assets Foreign exchange hedges — (0.6) — (0.6) Other current liabilities Insurance annuity — — 21.6 21.6 Other long-term assets Cross currency swap — 6.1 — 6.1 Other current assets and other long-term assets October 31, 2020 Fair Value Measurement (in millions) Level 1 Level 2 Level 3 Total Balance Sheet Location Interest rate derivatives $ — $ (37.9) $ — $ (37.9) Other long-term liabilities and other current liabilities Foreign exchange hedges — 1.5 — 1.5 Other current assets Foreign exchange hedges — (1.6) — (1.6) Other current liabilities Insurance annuity — — 21.4 21.4 Other long-term assets Cross currency swap — 8.9 — 8.9 Other current assets and other long-term assets
Estimated Fair Values for the Company's Senior Notes and Assets Held by Special Purpose Entities	The following table presents the estimated fair values of the Company’s Senior Notes and Assets held by special purpose entities: (in millions) July 31, October 31, Senior Notes due 2021 estimated fair value $ — $ 242.0 Senior Notes due 2027 estimated fair value 525.6 524.4 Assets held by special purpose entities estimated fair value — 50.9

POST RETIREMENT BENEFIT PLANS (

POST RETIREMENT BENEFIT PLANS (Tables)	9 Months Ended
	Jul. 31, 2021
Postemployment Benefits [Abstract]
Components of Net Periodic Pension Cost	The components of net periodic pension Three Months Ended Nine Months Ended (in millions) 2021 2020 2021 2020 Service cost $ 3.0 $ 3.6 $ 9.2 $ 9.6 Interest cost 4.8 7.2 13.9 19.4 Expected return on plan assets (7.8) (10.5) (23.8) (28.7) Amortization of prior service cost — 3.4 (0.1) 9.8 Recognized net actuarial loss 2.5 — 10.0 — Net periodic pension cost $ 2.5 $ 3.7 $ 9.2 $ 10.1

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Jul. 31, 2021
Earnings Per Share [Abstract]
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
Computation of Earnings Per Share Basic and Diluted	The following table provides EPS information for each period, respectively: Three Months Ended Nine Months Ended (in millions) 2021 2020 2021 2020 Numerator for basic and diluted EPS Net income attributable to Greif, Inc. $ 113.0 $ 20.7 $ 286.2 $ 64.4 Cash dividends (26.2) (26.2) (78.4) (78.2) Undistributed earnings attributable to Greif, Inc. $ 86.8 $ (5.5) $ 207.8 $ (13.8)
Summarization 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 Issued Outstanding Treasury July 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 October 31, 2020 Class A Common Stock 128,000,000 42,281,920 26,441,986 15,839,934 Class B Common Stock 69,120,000 34,560,000 22,007,725 12,552,275
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 Nine Months Ended 2021 2020 2021 2020 Class A Common Stock: Basic shares 26,550,924 26,441,986 26,517,064 26,363,123 Assumed conversion of restricted shares 153,965 609 119,880 54 Diluted shares 26,704,889 26,442,595 26,636,944 26,363,177 Class B Common Stock: Basic and diluted shares 22,007,725 22,007,725 22,007,725 22,007,725

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Jul. 31, 2021
Leases [Abstract]
Components of Lease Expense	The following table presents the lease expense components for the three and nine months ended July 31, 2021 and 2020: Three Months Ended Nine Months Ended (in millions) 2021 2020 2021 2020 Operating lease cost $ 16.8 $ 17.2 $ 51.3 $ 50.0 Other lease cost * 7.1 5.9 19.8 20.4 Total lease cost $ 23.9 $ 23.1 $ 71.1 $ 70.4 * Amount includes variable, short-term, and finance lease costs. The following table presents other required lease related information for the three and nine months ended July 31, 2021 and 2020: Three Months Ended Nine Months Ended (in millions) 2021 2020 2021 2020 Operating cash flows used for operating liabilities $ 17.2 $ 16.9 $ 51.8 $ 52.2 Leased assets obtained in exchange for new operating lease liabilities 1.7 0.8 15.3 63.9
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) July 31, 2021 $ 65.5 2022 59.4 2023 51.1 2024 42.1 2025 37.8 Thereafter 142.0 Total lease payments $ 397.9 Less: Interest (107.8) Lease liabilities $ 290.1
Schedule of Weighted-Average Lease Term and Discount Rate	The following table presents the weighted-average lease term and discount rate as of July 31, 2021 and 2020: July 31, July 31, Weighted-average remaining lease term (years) for operating lease liabilities 10.6 11.3 Weighted-average discount rate for operating lease liabilities 3.67 % 3.61 %

COMPREHENSIVE INCOME (LOSS) (Ta

COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Jul. 31, 2021
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table provides the rollforward of accumulated other comprehensive income (loss) for the nine months ended July 31, 2021: (in millions) Foreign Derivative Financial Instruments Minimum Accumulated Balance as of October 31, 2020 $ (294.9) $ (24.7) $ (107.9) $ (427.5) Other Comprehensive Income 17.9 10.8 49.3 78.0 Balance as of July 31, 2021 $ (277.0) $ (13.9) $ (58.6) $ (349.5) The following table provides the rollforward of accumulated other comprehensive income (loss) for the nine months ended July 31, 2020: (in millions) Foreign Currency Derivative Minimum Pension Accumulated Other Balance as of October 31, 2019 $ (298.0) $ (12.7) $ (123.0) $ (433.7) Other Comprehensive Income (Loss) 12.6 (20.9) 20.6 12.3 Balance as of July 31, 2020 $ (285.4) $ (33.6) $ (102.4) $ (421.4)

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	9 Months Ended
	Jul. 31, 2021
Segment Reporting [Abstract]
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 nine months ended July 31, 2021: Three Months Ended July 31, 2021 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 278.0 $ 463.0 $ 166.8 $ 907.8 Paper Packaging & Services 568.5 — 10.3 578.8 Land Management 4.2 — — 4.2 Total net sales $ 850.7 $ 463.0 $ 177.1 $ 1,490.8 Nine Months Ended July 31, 2021 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 731.2 $ 1,204.0 $ 429.9 $ 2,365.1 Paper Packaging & Services 1,570.4 — 26.3 1,596.7 Land Management 16.1 — — 16.1 Total net sales $ 2,317.7 $ 1,204.0 $ 456.2 $ 3,977.9 The following tables present net sales disaggregated by geographic area for each reportable segment for the three and nine months ended July 31, 2020: Three Months Ended July 31, 2020 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 201.8 $ 312.3 $ 103.7 $ 617.8 Paper Packaging & Services 451.5 — 7.8 459.3 Land Management 5.9 — — 5.9 Total net sales $ 659.2 $ 312.3 $ 111.5 $ 1,083.0 Nine Months Ended July 31, 2020 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 637.4 $ 955.9 $ 326.2 $ 1,919.5 Paper Packaging & Services 1,394.3 — 20.3 1,414.6 Land Management 19.6 — — 19.6 Total net sales $ 2,051.3 $ 955.9 $ 346.5 $ 3,353.7
Segment Information	The following segment information is presented for the periods indicated: Three Months Ended Nine Months Ended (in millions) 2021 2020 2021 2020 Operating profit: Global Industrial Packaging $ 122.0 $ 46.6 $ 252.4 $ 166.5 Paper Packaging & Services 47.5 13.3 89.1 40.3 Land Management 3.6 2.0 102.2 6.3 Total operating profit $ 173.1 $ 61.9 $ 443.7 $ 213.1 Depreciation, depletion and amortization expense: Global Industrial Packaging $ 20.6 $ 20.9 $ 62.8 $ 63.5 Paper Packaging & Services 36.7 37.8 110.8 115.8 Land Management 0.8 1.2 2.6 3.1 Total depreciation, depletion and amortization expense $ 58.1 $ 59.9 $ 176.2 $ 182.4
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) July 31, October 31, Assets: Global Industrial Packaging $ 2,704.4 $ 2,338.5 Paper Packaging & Services 2,477.4 2,524.3 Land Management 249.9 348.6 Total segments 5,431.7 5,211.4 Corporate and other 291.9 299.5 Total assets $ 5,723.6 $ 5,510.9 Long lived assets, net*: United States $ 1,301.2 $ 1,345.8 Europe, Middle East and Africa 363.8 377.6 Asia Pacific and other Americas 115.5 111.0 Total long-lived assets, net $ 1,780.5 $ 1,834.4 *includes impact of capitalization of operating lease assets

RESTRUCTURING CHARGES - Reconci

RESTRUCTURING CHARGES - Reconciliation of Beginning and Ending Restructuring Reserve Balances (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			$ 21.6
Costs incurred and charged to expense	$ 3.7	$ 19.1	18.8	$ 26.8
Costs paid or otherwise settled			(19.9)
Restructuring reserve, ending balance	20.5		20.5
Employee Separation Costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			17.9
Costs incurred and charged to expense	1.8		12.4
Costs paid or otherwise settled			(11.9)
Restructuring reserve, ending balance	18.4		18.4
Other Costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			3.7
Costs incurred and charged to expense	1.9		6.4
Costs paid or otherwise settled			(8)
Restructuring reserve, ending balance	$ 2.1		$ 2.1

RESTRUCTURING CHARGES - Additio

RESTRUCTURING CHARGES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Restructuring and Related Costs [Line Items]
Restructuring charges	$ 3.7	$ 19.1	$ 18.8	$ 26.8
Amounts remaining to be incurred	18.7		18.7
Employee Separation Costs
Restructuring and Related Costs [Line Items]
Restructuring charges	1.8		12.4
Other restructuring costs
Restructuring and Related Costs [Line Items]
Restructuring charges	$ 1.9		$ 6.4

RESTRUCTURING CHARGES - Amounts

RESTRUCTURING CHARGES - Amounts Expected to be Incurred, Amounts Incurred, and Amounts Remaining to Be Incurred (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	$ 37.5		$ 37.5
Amounts Incurred During the nine months ended July 31, 2021	3.7	$ 19.1	18.8	$ 26.8
Amounts Remaining to be Incurred	18.7		18.7
Employee separation costs
Restructuring and Related Costs [Line Items]
Amounts Incurred During the nine months ended July 31, 2021	1.8		12.4
Other restructuring costs
Restructuring and Related Costs [Line Items]
Amounts Incurred During the nine months ended July 31, 2021	1.9		6.4
Global Industrial Packaging
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	27.8		27.8
Amounts Incurred During the nine months ended July 31, 2021			14.6
Amounts Remaining to be Incurred	13.2		13.2
Global Industrial Packaging | Employee separation costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	19.8		19.8
Amounts Incurred During the nine months ended July 31, 2021			11.5
Amounts Remaining to be Incurred	8.3		8.3
Global Industrial Packaging | Other restructuring costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	8		8
Amounts Incurred During the nine months ended July 31, 2021			3.1
Amounts Remaining to be Incurred	4.9		4.9
Paper Packaging & Services
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	9.6		9.6
Amounts Incurred During the nine months ended July 31, 2021			4.1
Amounts Remaining to be Incurred	5.5		5.5
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 nine months ended July 31, 2021			0.8
Amounts Remaining to be Incurred	0.3		0.3
Paper Packaging & Services | Other restructuring costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	8.5		8.5
Amounts Incurred During the nine months ended July 31, 2021			3.3
Amounts Remaining to be Incurred	5.2		5.2
Land Management
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	0.1		0.1
Amounts Incurred During the nine months ended July 31, 2021			0.1
Amounts Remaining to be Incurred	0		0
Land Management | Employee separation costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	0.1		0.1
Amounts Incurred During the nine months ended July 31, 2021			0.1
Amounts Remaining to be Incurred	$ 0		$ 0

LONG-TERM DEBT - Summary of Lon

LONG-TERM DEBT - Summary of Long-Term Debt (Details) - USD ($) $ in Millions	Jul. 31, 2021	Oct. 31, 2020
Debt Instrument [Line Items]
Long-term debt	$ 2,220.9	$ 2,469.7
Less: current portion	120.3	123.1
Less: deferred financing costs	10.9	11.1
Long-term debt, net	2,089.7	2,335.5
2019 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	1,338.8
Term Loan | 2019 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	1,277.3	1,429.8
Domestic Line of Credit
Debt Instrument [Line Items]
Long-term debt	386.4	310
Revolving Credit Facility | 2019 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	61.5	0
Less: current portion	120.3
Long-term debt, net	1,218.5
Senior Notes | Senior Notes due 2027
Debt Instrument [Line Items]
Long-term debt	495.7	495.1
Senior Notes | Senior Notes due 2021
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 234.8

LONG-TERM DEBT - Credit Agreeme

LONG-TERM DEBT - Credit Agreement (Details) - USD ($)	Jul. 31, 2021	Nov. 13, 2020	Oct. 31, 2020	Feb. 11, 2019
Debt Instrument [Line Items]
Long-term debt	$ 2,220,900,000		$ 2,469,700,000
Current portion of long-term debt	120,300,000		123,100,000
Long-term debt, net	2,089,700,000		2,335,500,000
2019 Credit Agreement
Debt Instrument [Line Items]
Debt issued				$ 700,000,000
Long-term debt	1,338,800,000
Secured Term Loan A-1 Facility
Debt Instrument [Line Items]
Debt issued				1,275,000,000
Secured Term Loan A-2 Facility
Debt Instrument [Line Items]
Debt issued				400,000,000
Secured Term Loan A-3 Facility
Debt Instrument [Line Items]
Debt issued		$ 225,000,000
Revolving Credit Facility | 2019 Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity				800,000,000
Long-term debt	61,500,000		$ 0
Current portion of long-term debt	120,300,000
Long-term debt, net	$ 1,218,500,000
Weighted average interest rate	1.91%
Actual interest rate	1.66%
Debt issuance costs	$ 4,700,000
Revolving Credit Facility | Multicurrency Facility
Debt Instrument [Line Items]
Maximum borrowing capacity				600,000,000
Revolving Credit Facility | U.S. Dollar Facility
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 200,000,000
Term Loan | 2019 Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs	$ 8,900,000

LONG-TERM DEBT - Senior Notes (

LONG-TERM DEBT - Senior Notes (Details) - Senior Notes	Jul. 31, 2021USD ($)	Feb. 11, 2019USD ($)	Jul. 15, 2011EUR (€)
Senior Notes due 2027
Debt Instrument [Line Items]
Debt issued		$ 500,000,000
Interest of senior notes		6.50%
Deferred financing cost	$ 2,000,000
Senior Notes due 2021
Debt Instrument [Line Items]
Debt issued | €			€ 200,000,000
Interest of senior notes			7.375%

LONG-TERM DEBT - Trade Accounts

LONG-TERM DEBT - Trade Accounts Receivable Credit Facility (Details) € in Millions, $ in Millions	May 26, 2021USD ($)	Jul. 31, 2021USD ($)	Jul. 31, 2021EUR (€)	Oct. 31, 2020USD ($)
Debt Instrument [Line Items]
Long-term debt		$ 2,220.9		$ 2,469.7
Domestic Line of Credit
Debt Instrument [Line Items]
Long-term debt		386.4		$ 310
European RPA
Debt Instrument [Line Items]
Financing receivable maximum amount under receivable purchase agreement		118.4	€ 100
United States Trade Accounts receivable credit facilities
Debt Instrument [Line Items]
Increase in U.S. receivables facility	$ 275
United States Trade Accounts receivable credit facilities | Domestic Line of Credit
Debt Instrument [Line Items]
Long-term debt		268
International Trade Accounts Receivable Credit Facilities | European RPA | Foreign Line of Credit
Debt Instrument [Line Items]
Long-term debt		$ 118.4

FINANCIAL INSTRUMENTS AND FAI_3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Recurring Fair Value Measurements (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Jul. 31, 2021	Oct. 31, 2020
Interest rate derivatives | Other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	$ 2.8
Interest rate derivatives | Other current liabilities and other long-term liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	(23.6)	$ (37.9)
Foreign exchange hedges | Other current assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0.4	1.5
Foreign exchange hedges | Other current liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	(0.6)	(1.6)
Insurance annuity | Other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	21.6	21.4
Cross currency swap | Other current assets and other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	6.1	8.9
Level 1 | Interest rate derivatives | Other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0
Level 1 | Interest rate derivatives | Other current liabilities and other long-term liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0	0
Level 1 | Foreign exchange hedges | Other current assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0	0
Level 1 | Foreign exchange hedges | Other current liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0	0
Level 1 | Insurance annuity | Other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0	0
Level 1 | Cross currency swap | Other current assets and other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0	0
Level 2 | Interest rate derivatives | Other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	2.8
Level 2 | Interest rate derivatives | Other current liabilities and other long-term liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	(23.6)	(37.9)
Level 2 | Foreign exchange hedges | Other current assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0.4	1.5
Level 2 | Foreign exchange hedges | Other current liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	(0.6)	(1.6)
Level 2 | Insurance annuity | Other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0	0
Level 2 | Cross currency swap | Other current assets and other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	6.1	8.9
Level 3 | Interest rate derivatives | Other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0
Level 3 | Interest rate derivatives | Other current liabilities and other long-term liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0	0
Level 3 | Foreign exchange hedges | Other current assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0	0
Level 3 | Foreign exchange hedges | Other current liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	0	0
Level 3 | Insurance annuity | Other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	21.6	21.4
Level 3 | Cross currency swap | Other current assets and other long-term assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets (liabilities)	$ 0	$ 0

FINANCIAL INSTRUMENTS AND FAI_4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Additional Information (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 31, 2021USD ($)	Jul. 31, 2020USD ($)	Jul. 31, 2021USD ($)	Jul. 31, 2020USD ($)	Oct. 31, 2019USD ($)Derivative	Aug. 31, 2021USD ($)Derivative	Jul. 15, 2021USD ($)	Oct. 31, 2020USD ($)Derivative	Mar. 31, 2018USD ($)	Oct. 31, 2017USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gains (losses) recorded under fair value contracts	$ (300,000)	$ 1,700,000	$ 1,100,000	$ (500,000)
Unrealized gain (loss) on foreign currency	1,000,000	(2,200,000)	(200,000)	(400,000)
Interest expense, net	23,900,000	29,800,000	75,800,000	89,800,000
Interest Rate Swap | Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of interest rate derivatives held | Derivative					6			4
Derivative, notional amount					$ 1,300,000,000		$ 200,000,000
Derivative, future amortization amount					$ 200,000,000
Derivative, term of contract					5 years
Derivative outstanding notional amount	600,000,000		600,000,000
Debt issued										$ 300,000,000
Interest of senior notes										1.19%
Gain (Loss) reclassified from AOCI to income	(4,600,000)	(6,400,000)	(13,300,000)	(11,100,000)
Loss to be reclassified within next twelve months			(15,700,000)	(15,700,000)
Interest Rate Swap | Cash Flow Hedging | London Interbank Offered Rate (LIBOR)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Weighted average interest rate					2.49%		0.90%
Foreign Currency Forward Contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	105,900,000		105,900,000					$ 268,600,000
Cross currency swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount									$ 100,000,000
Derivative, fixed interest rate									2.35%
Interest expense, net	$ 600,000	$ 600,000	$ 1,800,000	$ 1,800,000
Cross currency swap | Subsequent Event
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of interest rate derivatives held | Derivative						2
Derivative, notional amount						$ 117,600,000
Derivative, fixed interest rate						1.19%

FINANCIAL INSTRUMENTS AND FAI_5

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Estimated Fair Values for the Company's Senior Notes and Assets Held by Special Purpose Entities (Details) - Estimate of Fair Value Measurement - USD ($) $ in Millions	Jul. 31, 2021	Oct. 31, 2020
Estimated Fair Value Of Financial Instruments [Line Items]
Assets held by special purpose entities estimated fair value	$ 0	$ 50.9
Senior Notes due 2021
Estimated Fair Value Of Financial Instruments [Line Items]
Estimated fair value	0	242
Senior Notes due 2027
Estimated Fair Value Of Financial Instruments [Line Items]
Estimated fair value	$ 525.6	$ 524.4

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - 2020 LTIP - $ / shares	9 Months Ended	36 Months Ended
	Jul. 31, 2021	Oct. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period on the basis of service only	3 years
RSUs | Scenario, Forecast
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 (shares)		139,360
Weighted average grant date fair value (usd per share)		$ 48.50
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (usd per share)	$ 102.08
PSUs | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock (shares)		253,102
Weighted average grant date fair value (usd per share)		$ 47.26
Performance period based upon service, performance criteria and market conditions		3 years

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Income Tax Disclosure [Abstract]
Income tax expense	$ 33.1	$ 6.9	$ 56.5	$ 44.8
Favorable reconciliation tax settlement			$ 6.8

POST RETIREMENT BENEFIT PLANS -

POST RETIREMENT BENEFIT PLANS - Additional Information (Details) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 31, 2021USD ($)	Jul. 31, 2021USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected future employer contributions	$ 21.7	$ 21.7
United States
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan, annuity	100	100
Lump sum payments	2.7	10.2
Decrease for settlement		110.2
Loss on settlement	0.1	$ 8.7
Foreign Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Loss on settlement	$ 0.3

POST RETIREMENT BENEFIT PLANS_2

POST RETIREMENT BENEFIT PLANS - Components of Net Periodic Pension Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Postemployment Benefits [Abstract]
Defined Benefit Plan, Type [Extensible Enumeration]			us-gaap:PensionPlansDefinedBenefitMember
Service cost	$ 3	$ 3.6	$ 9.2	$ 9.6
Interest cost	4.8	7.2	13.9	19.4
Expected return on plan assets	(7.8)	(10.5)	(23.8)	(28.7)
Amortization of prior service cost	0	3.4	(0.1)	9.8
Recognized net actuarial loss	2.5	0	10	0
Net periodic pension cost	$ 2.5	$ 3.7	$ 9.2	$ 10.1

CONTINGENT LIABILITIES AND EN_2

CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES (Details) $ in Millions	57 Months Ended
	Jul. 31, 2021USD ($)facility	Oct. 31, 2020USD ($)
Site Contingency [Line Items]
Number of reconditioning facilities subject to litigation | facility	2
Environmental liability reserves	$ 19.4	$ 20.2
Diamond Alkali
Site Contingency [Line Items]
Environmental liability reserves	11	11.1
European Drum Facilities
Site Contingency [Line Items]
Environmental liability reserves	$ 8.4	$ 9.1

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional Information (Details) - $ / shares	9 Months Ended	12 Months Ended
	Jul. 31, 2021	Oct. 31, 2020
Board Of Director Authorized
Class of Stock [Line Items]
Number of shares authorized to be purchased (shares)	4,703,487
Stock Repurchase Committee Authorized
Class of Stock [Line Items]
Repurchase of common stock (shares)	0	0
Class A Common Stock
Class of Stock [Line Items]
Dividend proportions (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 (usd per share)	$ 0.015
Percentage of shares outstanding used in two class method calculation	60.00%

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Earnings Per Share Basic and Diluted (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Numerator for basic and diluted EPS
Net income attributable to Greif, Inc.	$ 113	$ 20.7	$ 286.2	$ 64.4
Cash dividends	(26.2)	(26.2)	(78.4)	(78.2)
Undistributed earnings attributable to Greif, Inc.	$ 86.8	$ (5.5)	$ 207.8	$ (13.8)

EARNINGS PER SHARE - Summarizat

EARNINGS PER SHARE - Summarization of Company's Class A and Class B Common and Treasury Shares (Details) - shares	Jul. 31, 2021	Oct. 31, 2020
Class A Common Stock
Class of Stock [Line Items]
Authorized Shares (shares)	128,000,000	128,000,000
Issued Shares (shares)	42,281,920	42,281,920
Outstanding Shares (shares)	26,550,924	26,441,986
Treasury Shares (shares)	15,730,996	15,839,934
Class B Common Stock
Class of Stock [Line Items]
Authorized Shares (shares)	69,120,000	69,120,000
Issued Shares (shares)	34,560,000	34,560,000
Outstanding Shares (shares)	22,007,725	22,007,725
Treasury Shares (shares)	12,552,275	12,552,275

EARNINGS PER SHARE - Reconcilia

EARNINGS PER SHARE - Reconciliation of Shares Used to Calculate Basic and Diluted Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Class A Common Stock
Class of Stock [Line Items]
Basic shares (shares)	26,550,924	26,441,986	26,517,064	26,363,123
Assumed conversion of restricted shares (shares)	153,965	609	119,880	54
Diluted shares (shares)	26,704,889	26,442,595	26,636,944	26,363,177
Class B Common Stock
Class of Stock [Line Items]
Basic shares (shares)	22,007,725	22,007,725	22,007,725	22,007,725
Diluted shares (shares)	22,007,725	22,007,725	22,007,725	22,007,725

LEASES - Additional Information

LEASES - Additional Information (Details)	9 Months Ended
	Jul. 31, 2021
Minimum
Lessee, Lease, Description [Line Items]
Term of contract	1 year
Maximum
Lessee, Lease, Description [Line Items]
Term of contract	21 years

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Leases [Abstract]
Operating lease cost	$ 16.8	$ 17.2	$ 51.3	$ 50
Other lease cost	7.1	5.9	19.8	20.4
Total lease cost	$ 23.9	$ 23.1	$ 71.1	$ 70.4

LEASES - Maturities of Operatin

LEASES - Maturities of Operating Lease Liabilities (Details) $ in Millions	Jul. 31, 2021USD ($)
Leases [Abstract]
2021	$ 65.5
2022	59.4
2023	51.1
2024	42.1
2025	37.8
Thereafter	142
Total lease payments	397.9
Less: Interest	(107.8)
Lease liabilities	$ 290.1

LEASES - Schedule of Weighted-A

LEASES - Schedule of Weighted-Average Lease Term and Discount Rate (Details)	Jul. 31, 2021	Jul. 31, 2020
Leases [Abstract]
Weighted-average remaining lease term (years) for operating lease liabilities	10 years 7 months 6 days	11 years 3 months 18 days
Weighted-average discount rate for operating lease liabilities	3.67%	3.61%

LEASES - Cash Flow (Details)

LEASES - Cash Flow (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Leases [Abstract]
Operating cash flows used for operating liabilities	$ 17.2	$ 16.9	$ 51.8	$ 52.2
Leased assets obtained in exchange for new operating lease liabilities	$ 1.7	$ 0.8	$ 15.3	$ 63.9

COMPREHENSIVE INCOME (LOSS) - S

COMPREHENSIVE INCOME (LOSS) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			$ 1,152.2
Other Comprehensive Income (Loss)	$ (13.9)	$ 59.2	78.8	$ 3.9
Ending balance	1,448.9		1,448.9
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance				(298)
Other Comprehensive Income (Loss)			17.9	12.6
Ending balance	(277)	(285.4)	(277)	(285.4)
Derivative Financial Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance				(12.7)
Other Comprehensive Income (Loss)			10.8	(20.9)
Ending balance	(13.9)	(33.6)	(13.9)	(33.6)
Minimum Pension Liability Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance				(123)
Other Comprehensive Income (Loss)			49.3	20.6
Ending balance	(58.6)	(102.4)	(58.6)	(102.4)
Accumulated Other Comprehensive Income (Loss)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(427.5)	(433.7)
Other Comprehensive Income (Loss)			78	12.3
Ending balance	$ (349.5)	$ (421.4)	$ (349.5)	$ (421.4)

BUSINESS SEGMENT INFORMATION -

BUSINESS SEGMENT INFORMATION - Additional Information (Details)	9 Months Ended
	Jul. 31, 2021Segment
Segment Reporting [Abstract]
Number of reportable segments, combined	2
Number of operating segments	6

BUSINESS SEGMENT INFORMATION _2

BUSINESS SEGMENT INFORMATION - Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Segment Reporting Information [Line Items]
Total net sales	$ 1,490.8	$ 1,083	$ 3,977.9	$ 3,353.7
Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	907.8	617.8	2,365.1	1,919.5
Paper Packaging & Services
Segment Reporting Information [Line Items]
Total net sales	578.8	459.3	1,596.7	1,414.6
Land Management
Segment Reporting Information [Line Items]
Total net sales	4.2	5.9	16.1	19.6
United States
Segment Reporting Information [Line Items]
Total net sales	850.7	659.2	2,317.7	2,051.3
United States | Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	278	201.8	731.2	637.4
United States | Paper Packaging & Services
Segment Reporting Information [Line Items]
Total net sales	568.5	451.5	1,570.4	1,394.3
United States | Land Management
Segment Reporting Information [Line Items]
Total net sales	4.2	5.9	16.1	19.6
Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Total net sales	463	312.3	1,204	955.9
Europe, Middle East and Africa | Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	463	312.3	1,204	955.9
Europe, Middle East and Africa | Paper Packaging & Services
Segment Reporting Information [Line Items]
Total net sales	0	0	0	0
Europe, Middle East and Africa | Land Management
Segment Reporting Information [Line Items]
Total net sales	0	0	0	0
Asia Pacific and Other Americas
Segment Reporting Information [Line Items]
Total net sales	177.1	111.5	456.2	346.5
Asia Pacific and Other Americas | Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	166.8	103.7	429.9	326.2
Asia Pacific and Other Americas | Paper Packaging & Services
Segment Reporting Information [Line Items]
Total net sales	10.3	7.8	26.3	20.3
Asia Pacific and Other Americas | Land Management
Segment Reporting Information [Line Items]
Total net sales	$ 0	$ 0	$ 0	$ 0

BUSINESS SEGMENT INFORMATION _3

BUSINESS SEGMENT INFORMATION - Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Operating profit:
Total operating profit	$ 173.1	$ 61.9	$ 443.7	$ 213.1
Depreciation, depletion and amortization expense:
Total depreciation, depletion and amortization expense	58.1	59.9	176.2	182.4
Global Industrial Packaging
Operating profit:
Total operating profit	122	46.6	252.4	166.5
Depreciation, depletion and amortization expense:
Total depreciation, depletion and amortization expense	20.6	20.9	62.8	63.5
Paper Packaging & Services
Operating profit:
Total operating profit	47.5	13.3	89.1	40.3
Depreciation, depletion and amortization expense:
Total depreciation, depletion and amortization expense	36.7	37.8	110.8	115.8
Land Management
Operating profit:
Total operating profit	3.6	2	102.2	6.3
Depreciation, depletion and amortization expense:
Total depreciation, depletion and amortization expense	$ 0.8	$ 1.2	$ 2.6	$ 3.1

BUSINESS SEGMENT INFORMATION _4

BUSINESS SEGMENT INFORMATION - Properties, Plants and Equipment, Net by Geographical Area (Details) - USD ($) $ in Millions	Jul. 31, 2021	Oct. 31, 2020
Assets:
Total assets	$ 5,723.6	$ 5,510.9
Long lived assets, net
Total long-lived assets, net	1,780.5	1,834.4
United States
Long lived assets, net
Total long-lived assets, net	1,301.2	1,345.8
Europe, Middle East and Africa
Long lived assets, net
Total long-lived assets, net	363.8	377.6
Asia Pacific and Other Americas
Long lived assets, net
Total long-lived assets, net	115.5	111
Operating Segments
Assets:
Total assets	5,431.7	5,211.4
Operating Segments | Global Industrial Packaging
Assets:
Total assets	2,704.4	2,338.5
Operating Segments | Paper Packaging & Services
Assets:
Total assets	2,477.4	2,524.3
Operating Segments | Land Management
Assets:
Total assets	249.9	348.6
Corporate and other
Assets:
Total assets	$ 291.9	$ 299.5

DISPOSALS OF TIMBERLAND (Detail

DISPOSALS OF TIMBERLAND (Details) $ in Millions	Feb. 24, 2021USD ($)a	Jul. 31, 2021USD ($)	Apr. 30, 2021USD ($)	Jul. 31, 2020USD ($)	Jul. 31, 2021USD ($)	Jul. 31, 2020USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from the sale of timberlands					$ 145.1	$ 0
Timberland gains	$ 95.7	$ 0		$ 0	$ 95.7	$ 0
Timberland In Southwest Alabama
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of land | a	69,200
Proceeds from the sale of timberlands			$ 145.1
Closing cost adjustments			$ 4.3