Greif (GEF) 10-Q 8 Jun 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Apr. 30, 2023	Jun. 05, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2023
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	2023
Document Fiscal Period Focus	Q2
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		25,473,248
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		21,331,127

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Net sales	$ 1,308.9	$ 1,667.3	$ 2,579.9	$ 3,231.6
Cost of products sold	997.1	1,328.6	2,016.5	2,603.2
Gross profit	311.8	338.7	563.4	628.4
Selling, general and administrative expenses	137.2	147.4	276.6	299
Restructuring charges	2.4	3.7	4.8	7.2
Acquisition and integration related costs	4.6	2	12.1	3.6
Non-cash asset impairment charges	1.3	0	1.8	62.4
Gain on disposal of properties, plants and equipment, net	(5)	(0.3)	(5)	(1.7)
Gain on disposals of businesses, net	(9.8)	(4.2)	(64.4)	(4.2)
Operating profit	181.1	190.1	337.5	262.1
Interest expense, net	23.4	13.2	46.2	30.3
Debt extinguishment charges	0	25.4	0	25.4
Other expense (income), net	2.9	(4.4)	6.2	(2.4)
Income before income tax expense and equity earnings of unconsolidated affiliates, net	154.8	155.9	285.1	208.8
Income tax expense	39.1	29.9	76.8	65.5
Equity earnings of unconsolidated affiliates, net of tax	(0.3)	(0.7)	(0.8)	(2)
Net income	116	126.7	209.1	145.3
Net income attributable to noncontrolling interests	(4.8)	(1.6)	(8)	(9.9)
Net income attributable to Greif, Inc.	$ 111.2	$ 125.1	$ 201.1	$ 135.4
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)	$ 1.91	$ 2.11	$ 3.46	$ 2.28
Diluted earnings per share attributable to Greif, Inc. common shareholders:
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share)	$ 1.90	$ 2.09	$ 3.44	$ 2.27
Weighted-average number of common shares outstanding:
Basic (in shares)	25,771,973	26,618,116	25,712,178	26,596,024
Diluted (in shares)	26,185,895	26,813,014	25,986,677	26,776,546
Cash dividends declared per common share:
Cash dividends declared per common share (in usd per share)	$ 0.50	$ 0.46	$ 1	$ 0.92
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)	2.88	3.15	5.19	3.40
Diluted earnings per share attributable to Greif, Inc. common shareholders:
Diluted earnings per share attributable to Greif, Inc. common shareholders (in usd per share)	$ 2.88	$ 3.15	$ 5.19	$ 3.40
Weighted-average number of common shares outstanding:
Basic (in shares)	21,495,741	22,007,725	21,608,671	22,007,725
Diluted (in shares)	21,495,741	22,007,725	21,608,671	22,007,725
Cash dividends declared per common share:
Cash dividends declared per common share (in usd per share)	$ 0.75	$ 0.69	$ 1.49	$ 1.37

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 116	$ 126.7	$ 209.1	$ 145.3
Other comprehensive income (loss), net of tax:
Foreign currency translation	(2.3)	64.1	49	32.6
Derivative financial instruments	(5.1)	24.1	(30.8)	35.9
Minimum pension liabilities	(1.4)	3.4	(3.8)	6.5
Other comprehensive income (loss), net of tax	(8.8)	91.6	14.4	75
Comprehensive income	107.2	218.3	223.5	220.3
Comprehensive income attributable to noncontrolling interests	4.7	0.3	8.2	4.3
Comprehensive income attributable to Greif, Inc.	$ 102.5	$ 218	$ 215.3	$ 216

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 31, 2022
Current assets
Cash and cash equivalents	$ 158.5	$ 147.1
Trade accounts receivable, net of allowance	727	749.1
Inventories:
Raw materials	302.9	316
Finished goods	97.3	87.3
Assets held for sale	1.8	1.3
Prepaid expenses	58.1	57.3
Other current assets	136.1	141.3
Total current assets	1,481.7	1,499.4
Long-term assets
Goodwill	1,649.8	1,464.5
Other intangible assets, net of amortization	762.8	576.2
Deferred tax assets	10.9	10.1
Pension asset	47.2	30.8
Operating lease assets	272.1	254.7
Finance lease assets	32.5	1.2
Other long-term assets	136.9	178
Total long term assets	2,912.2	2,515.5
Properties, plants and equipment
Timber properties, net of depletion	228	226.8
Land	158.2	154.8
Buildings	540.7	515.1
Machinery and equipment	2,085.1	1,968.3
Capital projects in progress	196.6	182.9
Properties, plants and equipment, gross	3,208.6	3,047.9
Accumulated depreciation	(1,691)	(1,592.9)
Properties, plants and equipment, net	1,517.6	1,455
Total assets	5,911.5	5,469.9
Current liabilities
Accounts payable	502.4	561.3
Accrued payroll and employee benefits	121.5	174.4
Restructuring reserves	12.2	12.3
Current portion of long-term debt	80.8	71.1
Short-term borrowings	2.3	5.7
Current portion of operating lease liabilities	50.9	48.9
Current portion of finance lease liabilities	3.3	0.9
Other current liabilities	164	173.3
Total current liabilities	937.4	1,047.9
Long-term liabilities
Long-term debt	2,206.1	1,839.3
Operating lease liabilities	224.6	209.4
Finance lease liabilities	29.7	0.2
Deferred tax liabilities	333.4	343.6
Pension liabilities	61	58
Postretirement benefit obligations	7.1	7.2
Contingent liabilities and environmental reserves	19.8	19
Long-term income tax payable	25.6	25.6
Other long-term liabilities	99.2	109.6
Total long-term liabilities	3,006.5	2,611.9
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests	52.7	15.8
Equity
Common stock, without par value	205.8	173.5
Treasury stock, at cost	(277.6)	(205.1)
Retained earnings	2,239.7	2,095.2
Accumulated other comprehensive loss, net of tax:
Foreign currency translation	(267.7)	(316.5)
Derivative financial instruments	42	72.8
Minimum pension liabilities	(62.4)	(58.6)
Total Greif, Inc. shareholders’ equity	1,879.8	1,761.3
Noncontrolling interests	35.1	33
Total shareholders’ equity	1,914.9	1,794.3
Total liabilities and shareholders’ equity	$ 5,911.5	$ 5,469.9

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Cash flows from operating activities:
Net income	$ 209.1	$ 145.3
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	111.7	114
Non-cash asset impairment charges	1.8	62.4
Gain on disposals of properties, plants and equipment, net	(5)	(1.7)
Gain on disposals of businesses, net	(64.4)	(4.2)
Unrealized foreign exchange loss (gain)	4.2	(5.1)
Deferred income tax expense	1.6	1.1
Debt extinguishment charges	0	22.6
Non-cash lease expense	23.2	15.1
Other, net	(0.4)	0.7
Increase (decrease) in cash from changes in certain assets and liabilities, net of impacts from acquisitions:
Trade accounts receivable	66	(87.4)
Inventories	38.6	(56.2)
Accounts payable	(66.9)	22.4
Restructuring reserves	(0.3)	(4.9)
Operating leases	(23.4)	(16)
Pension and post-retirement benefit liabilities	(14.8)	(19.8)
Other, net	(37.3)	(26.7)
Net cash provided by operating activities	243.7	161.6
Cash flows from investing activities:
Purchases of business, net of cash acquired	(447.5)	0
Purchases of properties, plants and equipment	(91.1)	(75)
Purchases of and investments in timber properties	(3.2)	(5.1)
Payments for deferred purchase price of acquisitions	(21.7)	(4.7)
Proceeds from the sale of properties, plants, equipment and other assets	6.9	8.3
Proceeds from the sale of businesses	105.6	139.2
Net cash (used in) provided by investing activities	(451)	62.7
Cash flows from financing activities:
Proceeds from issuance of long-term debt	1,252	3,026.5
Payments on long-term debt	(919.5)	(3,122.7)
Payments on short-term borrowings, net	(4)	(16.1)
Proceeds from trade accounts receivable credit facility	86.6	1.9
Payments on trade accounts receivable credit facility	(53.9)	(1.9)
Dividends paid to Greif, Inc. shareholders	(57.9)	(54.6)
Dividends paid to noncontrolling interests	(4.9)	(9.4)
Payments for debt extinguishment and issuance costs	0	(20.8)
Payments for share repurchases	(59.6)	0
Tax withholding payments for stock-based awards	(13.7)	0
Purchases of redeemable noncontrolling interest	(3.3)	0
Other, net	(6.2)	0
Net cash provided by (used in) financing activities	215.6	(197.1)
Effects of exchange rates on cash	3.1	(43.1)
Net increase (decrease) in cash and cash equivalents	11.4	(15.9)
Cash and cash equivalents at beginning of period	147.1	124.6
Cash and cash equivalents at end of period	$ 158.5	$ 108.7

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($) shares in Thousands, $ in Millions	Total	Executive	Directors	Greif, Inc. Equity	Greif, Inc. Equity Executive	Greif, Inc. Equity Directors	Capital Stock	Capital Stock Executive	Capital Stock Directors	Treasury Stock	Treasury Stock Executive	Treasury Stock Directors	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non controlling interests
Beginning balance (in shares) at Oct. 31, 2021							48,559
Beginning balance at Oct. 31, 2021	$ 1,575.6			$ 1,514.3			$ 179.3			$ (134.1)			$ 1,825.6	$ (356.5)	$ 61.3
Beginning balance (in shares) at Oct. 31, 2021										28,283
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	145.3			135.4									135.4		9.9
Other comprehensive income (loss):
Foreign currency translation	32.6			38.2										38.2	(5.6)
Derivative financial instruments, net of income tax expense/benefit	35.9			35.9										35.9
Minimum pension liability adjustment, net of income tax expense/benefit	6.5			6.5										6.5
Comprehensive income	220.3			216
Divestment of noncontrolling interest	(24.4)														(24.4)
Current period mark to redemption value of redeemable noncontrolling interest and other	4.9			4.9									4.9
Net income allocated to redeemable noncontrolling interests	0.1														0.1
Dividends paid to Greif, Inc. shareholders	(54.6)			(54.6)									(54.6)
Dividends paid to noncontrolling interests and other	(9.3)														(9.3)
Dividends earned on RSU shares	(1)			(1)									(1)
Long-term incentive shares issued (in shares)							52			(52)
Long-term incentive shares issued	3.1			3.1			$ 3			$ 0.1
Share based compensation	2.4			2.4			$ 2.4
Restricted stock (in shares)								3	22		(3)	(22)
Restricted stock		$ 0.1	$ 1.2		$ 0.1	$ 1.2		$ 0.1	$ 1.2			$ 0
Ending balance (in shares) at Apr. 30, 2022							48,636
Ending balance at Apr. 30, 2022	1,718.4			1,686.4			$ 186			$ (134)			1,910.3	(275.9)	32
Ending balance (in shares) at Apr. 30, 2022										28,206
Beginning balance (in shares) at Jan. 31, 2022							48,608
Beginning balance at Jan. 31, 2022	1,557.3			1,493.3			$ 183.2			$ (134)			1,812.9	(368.8)	64
Beginning balance (in shares) at Jan. 31, 2022										28,234
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	126.7			125.1									125.1		1.6
Other comprehensive income (loss):
Foreign currency translation	64.1			65.4										65.4	(1.3)
Derivative financial instruments, net of income tax expense/benefit	24.1			24.1										24.1
Minimum pension liability adjustment, net of income tax expense/benefit	3.4			3.4										3.4
Comprehensive income	218.3			218
Divestment of noncontrolling interest	(24.4)														(24.4)
Current period mark to redemption value of redeemable noncontrolling interest and other	(0.1)			(0.1)									(0.1)
Net income allocated to redeemable noncontrolling interests	(0.3)														(0.3)
Dividends paid to Greif, Inc. shareholders	(27.4)			(27.4)									(27.4)
Dividends paid to noncontrolling interests and other	(7.6)														(7.6)
Dividends earned on RSU shares	(0.2)			(0.2)									(0.2)
Long-term incentive shares issued (in shares)							6			(6)
Long-term incentive shares issued	0.3			0.3			$ 0.3			$ 0
Share based compensation	1.3			1.3			$ 1.3
Restricted stock (in shares)									22			(22)
Restricted stock			1.2			1.2			$ 1.2			$ 0
Ending balance (in shares) at Apr. 30, 2022							48,636
Ending balance at Apr. 30, 2022	1,718.4			1,686.4			$ 186			$ (134)			1,910.3	(275.9)	32
Ending balance (in shares) at Apr. 30, 2022										28,206
Beginning balance (in shares) at Oct. 31, 2022							47,443
Beginning balance at Oct. 31, 2022	1,794.3			1,761.3			$ 173.5			$ (205.1)			2,095.2	(302.3)	33
Beginning balance (in shares) at Oct. 31, 2022										29,399
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	209.1			201.1									201.1		8
Other comprehensive income (loss):
Foreign currency translation	49			48.8										48.8	0.2
Derivative financial instruments, net of income tax expense/benefit	(30.8)			(30.8)										(30.8)
Minimum pension liability adjustment, net of income tax expense/benefit	(3.8)			(3.8)										(3.8)
Comprehensive income	223.5			215.3
Current period mark to redemption value of redeemable noncontrolling interest and other	1			1									1
Net income allocated to redeemable noncontrolling interests	(0.2)														(0.2)
Dividends paid to Greif, Inc. shareholders	(57.9)			(57.9)									(57.9)
Dividends paid to noncontrolling interests and other	(5.9)														(5.9)
Dividends earned on RSU shares	0.3			0.3									0.3
Share repurchases (in shares)							(949)			949
Share repurchases	(59.6)			(59.6)			$ 15			$ (74.6)
Long-term incentive shares issued (in shares)							349			(349)
Long-term incentive shares issued	16.6			16.6			$ 14.6			$ 2
Share based compensation	1.5			1.5			$ 1.5
Restricted stock (in shares)									18			(18)
Restricted stock			1.3						$ 1.2	0.1
Ending balance (in shares) at Apr. 30, 2023							46,861
Ending balance at Apr. 30, 2023	1,914.9			1,879.8			$ 205.8			$ (277.6)			2,239.7	(288.1)	35.1
Ending balance (in shares) at Apr. 30, 2023										29,981
Beginning balance (in shares) at Jan. 31, 2023							47,542
Beginning balance at Jan. 31, 2023	1,882.2			1,845.4			$ 188.5			$ (221.1)			2,157.4	(279.4)	36.8
Beginning balance (in shares) at Jan. 31, 2023										29,300
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	116			111.2									111.2		4.8
Other comprehensive income (loss):
Foreign currency translation	(2.3)			(2.2)										(2.2)	(0.1)
Derivative financial instruments, net of income tax expense/benefit	(5.1)			(5.1)										(5.1)
Minimum pension liability adjustment, net of income tax expense/benefit	(1.4)			(1.4)										(1.4)
Comprehensive income	107.2			102.5
Current period mark to redemption value of redeemable noncontrolling interest and other	0.2			0.2									0.2
Net income allocated to redeemable noncontrolling interests	(0.5)														(0.5)
Dividends paid to Greif, Inc. shareholders	(29)			(29)									(29)
Dividends paid to noncontrolling interests and other	(5.9)														(5.9)
Dividends earned on RSU shares	(0.1)			(0.1)									(0.1)
Share repurchases (in shares)							717			717
Share repurchases	(41.8)			(41.8)			$ 15			$ (56.8)
Long-term incentive shares issued (in shares)							18			(18)
Long-term incentive shares issued	1			1			$ 0.8			$ 0.2
Share based compensation	0.3			0.3			$ 0.3
Restricted stock (in shares)									18			(18)
Restricted stock			$ 1.3			$ 1.3			$ 1.2	0.1
Ending balance (in shares) at Apr. 30, 2023							46,861
Ending balance at Apr. 30, 2023	$ 1,914.9			$ 1,879.8			$ 205.8			$ (277.6)			$ 2,239.7	$ (288.1)	$ 35.1
Ending balance (in shares) at Apr. 30, 2023										29,981

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Foreign currency translation released from business divestment		$ 113.1		$ 113.1
Derivative, income tax benefit	$ (1.8)	8	$ (10.3)	12
Minimum pension liability adjustment, income tax (expense) benefit	$ 0.4	$ 1	$ (0.5)	$ 1.5
Class A Common Stock
Dividend paid (in usd per share)	$ 0.50	$ 0.46	$ 1	$ 0.92
Class B Common Stock
Dividend paid (in usd per share)	$ 0.75	$ 0.69	$ 1.49	$ 1.37

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Apr. 30, 2023
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 sheet as of April 30, 2023 and the condensed consolidated balance sheet as of October 31, 2022, the interim condensed consolidated statements of income, comprehensive income and changes in shareholders’ equity for the three and six months ended April 30, 2023 and 2022 and the interim condensed consolidated statements of cash flows for the three and six months ended April 30, 2023 and 2022 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 this 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, 2022 (the “2022 Form 10-K”). Newly Adopted Accounting Standards There have been no new accounting standards adopted since the filing of the 2022 Form 10-K that have significance, or potential significance, to the interim condensed consolidated financial statements. Recently Issued Accounting Standards There have been no new accounting pronouncements issued since the filing of the 2022 Form 10-K that have significance, or potential significance, to the interim condensed consolidated financial statements.

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	6 Months Ended
	Apr. 30, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS AND DIVESTITURES	ACQUISITIONS AND DIVESTITURES Acquisitions Centurion Acquisition The Company completed its acquisition of Centurion Container LLC (“Centurion”) on March 31, 2023 (the “Centurion Acquisition”), which increased the Company’s ownership interest in Centurion from approximately 10% to 80%. Centurion is a leader in the North American IBC reconditioning industry and is involved in IBC rebottling, reconditioning and distribution . The total purchase price for this acquisition, net of cash acquired, was $144.5 million. The fair value of remaining noncontrolling interest of 20% after the acquisition was $40.9 million. Prior to the acquisition, the Company accounted for its approximately 10% ownership interest under the equity method of accounting. The acquisition of a controlling financial interest was accounted for as a step acquisition in accordance with Accounting Standard Codification (“ASC”) 805. As a result, fair value of our previously held interest in Centurion of $16.8 million was valued using a discounted cash flow model, resulting in a gain of $9.8 million. The gain was reflected in the condensed consolidated statements of income within the gain on disposal of businesses, net line. The following table summarizes the consideration transferred to acquire Centurion and the preliminary valuation of identifiable assets acquired and liabilities assumed at the acquisition date: (in millions) Amounts Recognized as of the Acquisition Date Fair value of consideration transferred Cash consideration $ 144.5 Noncontrolling interest 40.9 Previously held interest 16.8 Recognized amounts of identifiable assets acquired and liabilities assumed Accounts receivable $ 12.4 Inventories 2.0 Prepaid and other current assets 0.4 Intangibles 83.4 Operating lease assets 10.2 Properties, plants and equipment 7.7 Total assets acquired 116.1 Accounts payable (4.2) Other current liabilities (4.3) Operating lease liabilities (10.2) Total liabilities assumed (18.7) Total identifiable net assets $ 97.4 Goodwill $ 104.8 The Company recognized goodwill related to this acquisition of $104.8 million. The goodwill recognized in this acquisition was attributable to the acquired assembled workforce, expanded market presence, and enhanced business network, none of which qualify for recognition as a separate intangible asset. Centurion is reported within the Global Industrial Packaging segment to which the goodwill was assigned. The majority of the goodwill is expected to be deductible for tax purposes. The fair value for acquired customer relationship intangibles was determined as of the acquisition date based on estimates and judgments regarding expectations for the future after-tax cash flows arising from the revenue from customer relationships that existed on the acquisition date over their estimated lives, including the probability of expected future contract renewals and revenue, less a contributory assets charge, all of which is discounted to present value. The fair values of the trade name intangible assets were determined utilizing the relief from royalty method, which is a form of the income approach. Under this method, a royalty rate based on observed market royalties is applied to projected revenue supporting the trade names and discounted to present value using an appropriate discount rate. Acquired intangible assets are being amortized over the estimated useful lives on a straight-line basis. The following table summarizes the preliminary purchase price allocation and weighted average remaining useful lives for identifiable intangible assets acquired as of the acquisition date: (in millions) Final Purchase Price Allocation Weighted Average Estimated Useful Life Customer relationships $ 74.7 12.0 Trademarks 8.7 5.0 Total intangible assets $ 83.4 The Company has not yet finalized the determination of the fair value of assets acquired and liabilities assumed, including income taxes and contingencies. The Company expects to finalize these amounts within one year of the acquisition date. The estimate of fair value and purchase price allocation were based on information available at the time of closing the acquisition, and the Company continues to evaluate the underlying inputs and assumptions that are being used in fair value estimates. Accordingly, these preliminary estimates are subject to adjustments during the measurement period, not to exceed one year from the date of the acquisition, based upon new information obtained about facts and circumstances that existed as of the date of closing the acquisition. Centurion’s results of operations have been included in the Company’s financial statements for the period subsequent to the acquisition date of March 31, 2023. Centurion contributed net sales of $7.4 million for the three and six months ended April 30, 2023. Lee Container Acquisition The Company completed its acquisition of Lee Container Corporation, Inc. (“Lee Container”) on December 15, 2022 (the “Lee Container Acquisition”). Lee Container is an industry-leading manufacturer of high-performance barrier, conventional blow molded containers, jerrycans and small plastics . The total purchase price for this acquisition, net of cash acquired, was $302.8 million. The Company incurred transaction costs of $5.1 million to complete this acquisition. The following table summarizes the consideration transferred to acquire Lee Container and the preliminary valuation of identifiable assets acquired and liabilities assumed at the acquisition date: (in millions) Amounts Recognized as of the Acquisition Date Measurement Period Adjustments (1) Amount Recognized as of Acquisition Date (as Adjusted) Fair value of consideration transferred Cash consideration $ 302.8 $ 0.2 $ 303.0 Recognized amounts of identifiable assets acquired and liabilities assumed Accounts receivable $ 21.9 $ (0.4) $ 21.5 Inventories 27.5 (1.0) 26.5 Prepaid and other current assets 0.5 0.1 0.6 Intangibles 133.5 — 133.5 Finance lease assets 32.4 1.0 33.4 Properties, plants and equipment 54.7 — 54.7 Total assets acquired 270.5 (0.3) 270.2 Accounts payable (3.9) — (3.9) Accrued payroll and employee benefits (1.3) — (1.3) Other current liabilities (3.1) 2.8 (0.3) Finance lease liabilities (30.6) (2.8) (33.4) Total liabilities assumed (38.9) — (38.9) Total identifiable net assets $ 231.6 (0.3) 231.3 Goodwill $ 71.2 $ 0.5 $ 71.7 The Company recognized goodwill related to this acquisition of $71.7 million. The goodwill recognized in this acquisition was attributable to the acquired assembled workforce, expected synergies, and economies of scale, none of which qualify for recognition as a separate intangible asset. Lee Container is reported within the Global Industrial Packaging segment to which the goodwill was assigned. The goodwill is expected to be deductible for tax purposes. The cost approach was used to determine the fair value for building improvements and equipment. The cost approach measures the value by estimating the cost to acquire, or construct, comparable assets and adjusts for age and condition. The Company assigned building improvements a useful life ranging from 1 year to 9 years and equipment a useful life ranging from 1 year to 19 years. Acquired property, plant and equipment are being depreciated over their estimated remaining useful lives on a straight-line basis. The fair value for acquired customer relationship intangibles was determined as of the acquisition date based on estimates and judgments regarding expectations for the future after-tax cash flows arising from the revenue from customer relationships that existed on the acquisition date over their estimated lives, including the probability of expected future contract renewals and revenue, less a contributory assets charge, all of which is discounted to present value. The fair values of the trade name intangible assets were determined utilizing the relief from royalty method, which is a form of the income approach. Under this method, a royalty rate based on observed market royalties is applied to projected revenue supporting the trade names and discounted to present value using an appropriate discount rate. Acquired intangible assets are being amortized over the estimated useful lives on a straight-line basis. The following table summarizes the preliminary purchase price allocation and weighted average remaining useful lives for identifiable intangible assets acquired as of the acquisition date: (in millions) Final Purchase Price Allocation Weighted Average Estimated Useful Life Customer relationships $ 120.0 15.0 Trademarks 13.5 5.0 Total intangible assets $ 133.5 The Company has not yet finalized the determination of the fair value of assets acquired and liabilities assumed, including income taxes and contingencies. The Company expects to finalize these amounts within one year of the acquisition date. The estimate of fair value and purchase price allocation were based on information available at the time of closing the acquisition, and the Company continues to evaluate the underlying inputs and assumptions that are being used in fair value estimates. Accordingly, these preliminary estimates are subject to adjustments during the measurement period, not to exceed one year from the acquisition date, based upon new information obtained about facts and circumstances that existed as of the date of closing the acquisition. Lee Container’s results of operations have been included in the Company’s financial statements for the period subsequent to the acquisition date of December 15, 2022. Lee Container contributed net sales of $38.4 million and $56.3 million for the three and six months ended April 30, 2023, respectively. Pro Forma Results The following unaudited supplemental pro forma data presents consolidated information as if the Centurion Acquisition and Lee Container Acquisition had been completed on November 1, 2021. These amounts were calculated after adjusting Centurion’s and Lee Container’s results to reflect interest expense incurred on the debt to finance the acquisitions, additional depreciation and amortization that would have been charged assuming the fair value of property, plant and equipment and intangible assets had been applied from November 1, 2021, the adjusted tax expense, and related transaction costs. Three Months Ended Six Months Ended (in millions, except per share amounts) 2023 2022 2023 2022 Pro forma net sales $ 1,326.2 $ 1,738.9 $ 2,637.8 $ 3,363.2 Pro forma net income attributable to Greif, Inc. 113.1 130.6 216.3 140.4 Basic earnings per share attributable to Greif, Inc. common shareholders: Class A common stock $ 1.95 $ 2.19 $ 3.73 $ 2.36 Class B common stock $ 2.92 $ 3.29 $ 5.58 $ 3.53 Diluted earnings per share attributable to Greif, Inc. common shareholders: Class A common stock $ 1.93 $ 2.18 $ 3.70 $ 2.35 Class B common stock $ 2.92 $ 3.29 $ 5.58 $ 3.53 The unaudited supplemental pro forma financial information is based on the Company’s preliminary assignment of purchase price and therefore subject to adjustment upon finalizing the purchase price assignment. The pro forma data should not be considered indicative of the results that would have occurred if the acquisition and related financing had been consummated on the assumed completion dates, nor are they indicative of future results. Mandatorily Redeemable Noncontrolling Interests At the commencement of the 2023 fiscal year, the terms of the joint venture agreement for one joint venture within the Global Industrial Packaging reportable segment include mandatory redemption by the Company, in cash, of the noncontrolling interest holders’ equity at a formulaic price after the expiration of a lockout period specific to each noncontrolling interest holder. The Company redeemed the 5.2% outstanding equity interest of the noncontrolling interest holder in this joint venture on January 26, 2023 for $3.3 million. Redeemable Noncontrolling Interests At the commencement of the 2023 fiscal year, the terms of the joint venture agreement for one joint venture within the Paper Packing & Services reportable segment include a put option for the noncontrolling interest owners to have the right to put all or a portion of those noncontrolling interests to the Company at a formulaic price after a set period of time. On March 31, 2023, the noncontrolling interest owner exercised their put option for all of their ownership interests. The Company made a payment for $3.6 million to the noncontrolling interest owner for the 20.0% outstanding equity interest. Divestitures Tama Divestiture During the first quarter of 2023, the Company completed its divestiture of a U.S. business in the Paper Packaging & Services segment, Tama Paperboard, LLC (the “Tama Divestiture”), for current net cash proceeds of $100.2 million. The Tama Divestiture did not qualify as discontinued operations as it did not represent a strategic shift that has had a major impact on the Company’s operations or financial results. The Tama Divestiture resulted in a $54.6 million gain on sale of business, including goodwill allocated to the sale of $22.5 million.

RESTRUCTURING CHARGES

RESTRUCTURING CHARGES	6 Months Ended
	Apr. 30, 2023
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES	RESTRUCTURING CHARGES The following is a reconciliation of the beginning and ending restructuring reserve balances for the six months ended April 30, 2023: (in millions) Employee Other Total Balance at October 31, 2022 $ 11.2 $ 1.1 $ 12.3 Costs incurred and charged to expense 2.7 2.1 4.8 Costs paid or otherwise settled (2.5) (2.4) (4.9) Balance at April 30, 2023 $ 11.4 $ 0.8 $ 12.2 The focus for restructuring activities in 2023 is to optimize operations and close under-performing assets. During the three months ended April 30, 2023, the Company recorded restructuring charges of $2.4 million, as compared to $3.7 million of restructuring charges recorded during the three months ended April 30, 2022. The restructuring activity for the three months ended April 30, 2023 consisted of $1.6 million in employee separation costs and $0.8 million in other restructuring costs, primarily consisting of professional fees and other fees associated with restructuring activities. During the six months ended April 30, 2023, the Company recorded restructuring charges of $4.8 million, as compared to $7.2 million of restructuring charges recorded during the six months ended April 30, 2022. The restructuring activity for the six months ended April 30, 2023 consisted of $2.7 million in employee separation costs and $2.1 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 $14.8 million as of April 30, 2023: (in millions) Total Amounts Amounts Incurred During the Six Months Ended April 30, 2023 Amounts Global Industrial Packaging Employee separation costs $ 5.4 $ 1.7 $ 3.7 Other restructuring costs 2.2 1.2 1.0 7.6 2.9 4.7 Paper Packaging & Services Employee separation costs 4.6 1.0 3.6 Other restructuring costs 7.4 0.9 6.5 12.0 1.9 10.1 $ 19.6 $ 4.8 $ 14.8

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt is summarized as follows: (in millions) April 30, 2023 October 31, 2022 2022 Credit Agreement - Term Loans $ 1,534.2 $ 1,565.0 Accounts receivable credit facilities 353.2 311.4 2022 Credit Agreement - Revolving Credit Facility 406.5 41.9 Other debt 0.3 0.4 2,294.2 1,918.7 Less: current portion 80.8 71.1 Less: deferred financing costs 7.3 8.3 Long-term debt, net $ 2,206.1 $ 1,839.3 2022 Credit Agreement The Company and certain of its subsidiaries are parties to a senior secured credit agreement (the “2022 Credit Agreement”) with a syndicate of financial institutions. The 2022 Credit Agreement provides for (a) an $800.0 million secured revolving credit facility, consisting of a $725.0 million multicurrency facility and a $75.0 million U.S. dollar facility, maturing on March 1, 2027, (b) a $1,100.0 million secured term loan A-1 facility with quarterly principal installments that commenced on July 31, 2022 and continue through January 31, 2027, with any outstanding principal balance of such term loan A-1 facility being due and payable on maturity on March 1, 2027, and (c) a $515.0 million secured term loan A-2 facility with quarterly principal installments that commenced on July 31, 2022 and continue through January 31, 2027, with any outstanding principal balance of such term loan A-2 being due and payable on maturity on March 1, 2027. Subject to the terms of the 2022 Credit Agreement, the Company has an option to borrow additional funds under the 2022 Credit Agreement with the agreement of the lenders. Interest is based on Secured Overnight Financing Rate (“SOFR”) plus a credit spread adjustment or a base rate that resets periodically plus, in each case, a calculated margin amount that is based on the Company’s leverage ratio. As of April 30, 2023, $1,940.7 million was outstanding under the 2022 Credit Agreement. The current portion was $80.8 million, and the long-term portion was $1,859.9 million. The weighted average interest rate for borrowings under the 2022 Credit Agreement was 5.38% for the six months ended April 30, 2023. The actual interest rate for borrowings under the 2022 Credit Agreement was 6.19% as of April 30, 2023. The deferred financing costs associated with the term loan portion of the 2022 Credit Agreement totaled $7.3 million as of April 30, 2023 and are recorded as a reduction of long-term debt on the interim condensed consolidated balance sheets. The deferred financing costs associated with the revolving portion of the 2022 Credit Agreement totaled $4.0 million as of April 30, 2023 and are recorded within other long-term assets on the interim condensed consolidated balance sheets. 2023 Credit Agreement Subsequent to the quarter, on May 17, 2023, the Company and Greif Packing LLC (“Greif Packaging”) entered into a $300.0 million senior secured credit agreement (the “2023 Credit Agreement”) with CoBank, ACB (“CoBank”), who acted as a lender and is acting as administrative agent of the 2023 Credit Agreement. The 2023 Credit Agreement is permitted incremental equivalent debt under the terms of the 2022 Credit Agreement. The 2023 Credit Agreement provides for a $300.0 million secured term loan facility with quarterly principal installments commencing on July 31, 2023 and continuing through January 31, 2028, with any outstanding principal balance of such term loan being due and payable on maturity on May 17, 2028. The Company used the borrowing under the 2023 Credit Agreement to repay and refinance a portion of the outstanding borrowings under the 2022 Credit Agreement. Interest accruing under the 2023 Credit Agreement is based on SOFR plus a credit spread adjustment or a base rate that resets periodically plus, in each case, a calculated margin amount that is based on the Company’s leverage ratio. United States Trade Accounts Receivable Credit Facility Greif Receivables Funding LLC (“Greif Funding”), Greif Packaging, and certain other U.S. subsidiaries of the Company are parties to an amended and restated U.S. Receivables Financing Facility Agreement (the “U.S. RFA”). On May 17, 2023, the maturity date of the U.S. RFA was extended to May 17, 2024. The U.S. RFA provides an accounts receivable financing facility of $300.0 million. As of April 30, 2023, there was $258.3 million outstanding under the U.S. RFA. 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 Cooperage Receivables Finance B.V. and Greif Services Belgium BV, an indirect wholly owned subsidiary of Greif, Inc., are parties to an amended and restated Nieuw Amsterdam Receivables Financing Agreement (the “European RFA”) with affiliates of a major international bank. On April 14, 2023, the maturity date of the European RFA was extended to April 23, 2024. The European RFA provides an accounts receivable financing facility of up to €100.0 million ($110.4 million as of April 30, 2023) secured by certain European accounts receivable. As of April 30, 2023, $95.0 million was outstanding on the European RFA.

FINANCIAL INSTRUMENTS AND FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	6 Months Ended
	Apr. 30, 2023
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 April 30, 2023 and October 31, 2022: April 30, 2023 Assets Liabilities (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Interest rate derivatives $ — $ 49.8 $ — $ 49.8 $ — $ (10.0) $ — $ (10.0) Foreign exchange hedges — 1.1 — 1.1 — (2.6) — (2.6) Insurance annuity — — 19.7 19.7 — — — — Cross currency swap — 15.5 — 15.5 — (3.2) — (3.2) October 31, 2022 Assets Liabilities (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Interest rate derivatives $ — $ 72.1 $ — $ 72.1 $ — $ (1.0) $ — $ (1.0) Foreign exchange hedges — — — — — (0.2) — (0.2) Insurance annuity — — 17.8 17.8 — — — — Cross currency swap — 46.8 — 46.8 — — — — The carrying amounts of cash and cash equivalents, trade accounts receivable, accounts payable, current liabilities and short-term borrowings as of April 30, 2023 and October 31, 2022 approximate their fair values because of the short-term nature of these items and are not included in this table. Interest Rate Derivatives As of April 30, 2023, the Company has various interest rate swaps with a total notional amount of $1,300.0 million, maturing between March 11, 2024 and July 16, 2029. The Company will receive variable rate interest payments based upon one-month U.S. dollar SOFR, and in return the Company will be obligated to pay interest at a weighted average fixed interest rate of 2.62%. This effectively will convert the borrowing rate on an amount of debt equal to the notional amount of the interest rate swaps 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 transaction and in the same period during which the hedged transaction affects earnings. See Note 12 to the interim condensed consolidated financial statements for additional disclosures of the aggregate gain or loss included within other comprehensive income. The assumptions used in measuring fair value of these interest rate derivatives are considered level 2 inputs, which are based upon observable market rates, including SOFR and interest paid based upon a designated fixed rate over the life of the swap agreements. Gains (losses) reclassified to earnings under these contracts were $6.6 million and $(3.3) million for the three months ended April 30, 2023, and 2022, respectively. Gains (losses) reclassified to earnings under these contracts were $11.3 million and $(7.6) million for the six months ended April 30, 2023, and 2022, respectively. A derivative gain of $27.7 million, based upon interest rates at April 30, 2023, is expected to be reclassified from accumulated other comprehensive income (loss) to earnings in the next twelve months. Foreign Exchange Hedges The Company conducts business in various international currencies and is subject to risks associated with changing foreign exchange rates. The Company’s objective is to reduce volatility associated with foreign exchange rate changes. Accordingly, the Company enters into various contracts that change in value as foreign exchange rates change to protect the value of certain existing foreign currency assets and liabilities, commitments and anticipated foreign currency cash flows. As of April 30, 2023, and October 31, 2022, the Company had outstanding foreign currency forward contracts in the notional amount of $155.7 million and $132.1 million, respectively. Adjustments to fair value are recognized in earnings, offsetting the impact of the hedged profits. The assumptions used in measuring fair value of foreign exchange hedges are considered level 2 inputs, which are based on observable market pricing for similar instruments, principally foreign exchange futures contracts. For the three months ended April 30, 2023, and 2022, the Company recorded realized gain of $0.6 million and $0.3 million under fair value contracts in other expense, net. For the six months ended April 30, 2023, and 2022, the Company recorded realized gain (loss) of $0.7 million and $(2.1) million under fair value contracts in other expense, net. For the three months ended April 30, 2023, and 2022, the Company recorded an unrealized net gain of $1.3 million and $0.6 million in other expense, net. For the six months ended April 30, 2023, and 2022, the Company recorded an unrealized net gain (loss) of $(1.5) million and $1.6 million in other expense, net. Cross Currency Swap The Company has operations and investments in various international locations and is subject to risks associated with changing foreign exchange rates. As of April 30, 2023, the Company has various cross currency interest rate swaps that synthetically swap $319.3 million of fixed rate debt to Euro denominated fixed rate debt. The Company receives a weighted average rate of 1.39% on these swaps. These agreements are designated as either net investment hedges or cash flow hedges for accounting purposes and will mature between March 2, 2024 and October 5, 2026. The gain or loss on these net investment hedge derivative instruments is included in the foreign currency translation component of other comprehensive income until the net investment is sold, diluted, or liquidated. See Note 12 to the interim condensed consolidated financial statements for additional disclosures of the aggregate gain or loss included within other comprehensive income. The gain or loss on the cash flow hedge derivative instruments is included in the unrealized foreign exchange component of other expense, offset by the underlying gain or loss on the underlying cash flows that are being hedged. Interest payments received for the cross currency swap are excluded from the net investment hedge effectiveness assessment and are recorded in interest expense, net on the consolidated statements of income. The assumptions used in measuring fair value of the cross currency swap are considered level 2 inputs, which are based upon the Euro to United States dollar exchange rate market. For the three months ended April 30, 2023 and 2022, gains recorded in interest expense, net under the cross currency swap agreements were $1.2 million and $1.4 million. For the six months ended April 30, 2023 and 2022, gains recorded in interest expense, net under the cross currency swap agreements were $2.6 million and $2.8 million. Other Financial Instruments The fair values of the Company’s 2022 Credit Agreement, the U.S. Receivables Facility and the European RFA do not materially differ from carrying value 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 ASC Topic 820, “Fair Value Measurements and Disclosures.” Non-Recurring Fair Value Measurements The following table presents quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used and net assets held for sale for the six months ended April 30, 2023 and 2022: Quantitative Information about Level 3 (in millions) Impairment Amount Valuation Unobservable Range of April 30, 2023 Long Lived Assets $ 1.8 Discounted Cash Flows; Indicative Bids Discounted Cash Flows; Indicative Bids N/A Total $ 1.8 April 30, 2022 Net Assets Held for Sale $ 62.4 Indicative Bids Indicative Bids N/A Total $ 62.4 Assets and Liabilities Held for Sale During the six months ended April 30, 2023, the Company recorded no impairment charges related to assets and liabilities held for sale. During the six months ended April 30, 2022, the Company entered into a definitive agreement to divest its approximately 50% equity interest in the Flexible Products & Services business (the “FPS Divestiture”). This agreement triggered the reclassification of the Flexible Products & Services business to assets and liabilities held for sale, which further resulted in recognized impairment charges of $62.4 million in the first quarter of 2022. The assumptions used in measuring fair value of assets and liabilities held for sale are considered level 3 inputs, which include recent purchase offers, market comparables and/or data obtained from commercial real estate brokers. Long-Lived Assets As necessary, based on triggering events, the Company measures long-lived assets at fair value on a non-recurring basis. The Company recorded $1.8 million impairment charges related to properties, plants and equipment, net during the six months ended April 30, 2023 and no impairment charges related to properties, plants and equipment, net during the six months ended April 30, 2022, respectively. The assumptions used in measuring fair value of long-lived assets are considered level 3 inputs, which include bids received from third parties, recent purchase offers, market comparable information and discounted cash flows based on assumptions that market participants would use.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Apr. 30, 2023
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 105,753 RSUs on December 14, 2022, for the performance period commencing on November 1, 2022 and ending October 31, 2025. The weighted average fair value of the RSUs granted on that date was $68.99. During 2023, the Company issued 76,005 shares of Class A Common Stock excluding shares withheld for the payment of taxes owed by recipients for RSUs vested for the performance period commenced on November 1, 2020 and ended October 31, 2022. 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 (a) earnings before interest, taxes, depreciation, depletion and amortization and (b) 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 183,218 PSUs on December 14, 2022, for the performance period commencing on November 1, 2022 and ending October 31, 2025. 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 $70.06. The weighted average fair value of the PSUs at April 30, 2023 was $74.09. During 2023, the Company issued 256,053 shares of Class A Common Stock excluding shares withheld for the payment of taxes owed by recipients for PSUs vested for the performance period commenced on November 1, 2020 and ended October 31, 2022.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Apr. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax expense for the quarter and year to date periods was computed in accordance with ASC 740-270 “Income Taxes - Interim Reporting.” Under this method, losses from jurisdictions for which a valuation allowance has been provided have not been included in the amount to which the ASC 740-270 rate was applied. The Company’s income tax expense may fluctuate due to changes in estimated losses and income from jurisdictions for which a valuation allowance has been provided, the timing of recognition of the related tax expense under ASC 740-270, and the impact of discrete items in the respective quarter. For the six months ended April 30, 2023 and April 30, 2022, income tax expense was $76.8 million and $65.5 million, respectively. The $11.3 million net increase in income tax expense for the six months ended April 30, 2023 was primarily attributable to $18.8 million increased tax expense associated with business divestitures, $2.7 million fewer benefits from releases of uncertain tax positions and $1.4 million of miscellaneous other items; offset by $11.6 million reduced tax expense on lower pre-tax book income excluding the book gain on business divestiture. Additionally, in 2022, a $60.4 million book expense was recorded related to the FPS Divestiture and other businesses for which no tax benefit was recorded.

POST RETIREMENT BENEFIT PLANS

POST RETIREMENT BENEFIT PLANS	6 Months Ended
	Apr. 30, 2023
Retirement Benefits [Abstract]
POST RETIREMENT BENEFIT PLANS	POST RETIREMENT BENEFIT PLANS The components of net periodic pension cost include the following: Three Months Ended Six Months Ended (in millions) 2023 2022 2023 2022 Service cost $ 2.0 $ 3.0 $ 4.0 $ 6.0 Interest cost 8.7 5.1 17.4 10.2 Expected return on plan assets (9.7) (8.3) (19.4) (16.5) Amortization of prior service cost (0.1) (0.1) (0.2) (0.2) Recognized net actuarial loss (0.6) 2.0 (1.1) 4.0 Net periodic pension cost $ 0.3 $ 1.7 $ 0.7 $ 3.5 As previously disclosed in the Company’s 2022 Form 10-K, the Company expects to make employer contributions of $28.4 million, including benefits paid directly by the Company, during 2023. The components of net periodic pension cost and net periodic post-retirement benefit, other than the service cost components, are included in the line item “Other income, net” in the interim condensed consolidated statements of income.

CONTINGENT LIABILITIES AND ENVI

CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES	6 Months Ended
	Apr. 30, 2023
Environmental Remediation Obligations [Abstract]
CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES	CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES Litigation-related Liabilities The Company may become involved from time-to-time in litigation and regulatory matters incidental to its business, including governmental investigations, enforcement actions, personal injury claims, product liability, employment health and safety matters, commercial disputes, intellectual property matters, disputes regarding environmental clean-up costs, litigation in connection with acquisitions and divestitures, and other matters arising out of the normal conduct of its business. The Company intends to vigorously defend itself in such litigation. The Company does not believe that the outcome of any pending litigation will have a material adverse effect on its interim condensed consolidated financial statements. The Company may accrue for contingencies related to litigation and regulatory matters if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Because litigation is inherently unpredictable and unfavorable resolutions can occur, assessing contingencies is highly subjective and requires judgments about future events. The Company regularly reviews contingencies to determine whether its accruals are adequate. The amount of ultimate loss may differ from these estimates. Environmental Reserves As of April 30, 2023, and October 31, 2022, the Company’s environmental reserves were $19.8 million and $19.0 million, respectively. These reserves are principally based on environmental studies and cost estimates provided by third parties, but also take into account management estimates. The estimated liabilities are reduced to reflect the anticipated participation of other potentially responsible parties in those instances where it is probable that such parties are legally responsible and financially capable of paying their respective shares of relevant costs. For sites that involve formal actions subject to joint and several liabilities, these actions have formal agreements in place to apportion the liability. As of April 30, 2023 and October 31, 2022, the Company has accrued $9.8 million for the Diamond Alkali Superfund Site in New Jersey. Aside from the Diamond Alkali Superfund Site, other environmental reserves of the Company as of April 30, 2023 and October 31, 2022 included $10.0 million and $9.2 million, respectively, for its various facilities around the world. It is possible that there could be resolution of uncertainties in the future that would require the Company to record charges that could be material to future earnings. The Company’s exposure to adverse developments with respect to any individual site is not expected to be material. Although environmental remediation could have a material effect on results of operations if a series of adverse developments occur in a particular quarter or year, the Company believes that the chance of a series of adverse developments occurring in the same quarter or year is remote. Future information and developments will require the Company to continually reassess the expected impact of these environmental matters.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Apr. 30, 2023
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 Six Months Ended (in millions) 2023 2022 2023 2022 Numerator for basic and diluted EPS Net income attributable to Greif, Inc. $ 111.2 $ 125.1 $ 201.1 $ 135.4 Cash dividends (29.0) (27.4) (57.9) (54.6) Undistributed earnings attributable to Greif, Inc. $ 82.2 $ 97.7 $ 143.2 $ 80.8 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 In June 2022, the Stock Repurchase Committee of the Company’s Board of Directors authorized a program to repurchase up to $150.0 million of shares of the Company’s Class A or Class B Common Stock or any combination thereof. On June 23, 2022, the Company entered into a $75.0 million accelerated share repurchase agreement (“ASR”) with Bank of America, N.A. for the repurchase of shares of the Company’s Class A Common Stock. In addition, at that time the Company initiated a plan to repurchase an aggregate of $75.0 million of shares of its Class A or Class B Common Stock, or any combination thereof, in open market purchases (“OSR program”). The OSR program was completed on May 26, 2023. Under the ASR, on June 24, 2022, the Company made a payment of $75.0 million and received an initial delivery of approximately 80% of the expected share repurchases, or 1,021,451 shares of Class A Common Stock. On February 28, 2023, the Company received the remaining 94,259 shares of Class A Common Stock. The Company began making repurchases of Class B Common Stock under the OSR program on September 9, 2022 and repurchases of Class A Common Stock under the OSR program on March 16, 2023 in accordance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934. As of April 30, 2023, $25.0 million of shares of Class A Common Stock, or 406,343 shares, and $45.7 million of shares of Class B Common Stock, or 619,804 shares, had been repurchased under the OSR program. Subsequent to the quarter, during May 2023, the Company purchased $4.3 million of shares of Class B Common Stock, or 56,794 shares, which completed the OSR program. The following table summarizes the shares of the Company’s Class A and Class B Common Stock as of the specified dates: Authorized Issued Outstanding Treasury April 30, 2023 Class A Common Stock 128,000,000 42,281,920 25,473,248 16,808,672 Class B Common Stock 69,120,000 34,560,000 21,387,921 13,172,079 October 31, 2022 Class A Common Stock 128,000,000 42,281,920 25,606,287 16,675,633 Class B Common Stock 69,120,000 34,560,000 21,836,745 12,723,255 The following is a reconciliation of the shares used to calculate basic and diluted earnings per share: Three Months Ended Six Months Ended 2023 2022 2023 2022 Class A Common Stock: Basic shares 25,771,973 26,618,116 25,712,178 26,596,024 Assumed conversion of restricted shares 413,922 194,898 274,499 180,522 Diluted shares 26,185,895 26,813,014 25,986,677 26,776,546 Class B Common Stock: Basic and diluted shares 21,495,741 22,007,725 21,608,671 22,007,725

LEASES

LEASES	6 Months Ended
	Apr. 30, 2023
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 1 year up to 19 years. The Company reviews all options to extend, terminate, or purchase a right of use asset at the time of lease inception and accounts for options deemed reasonably certain. The Company combines lease and non-lease components for all leases, except real estate, for which these components are presented separately. Leases with an initial term of twelve months or less are not capitalized and are recognized on a straight-line basis over the lease term. The implicit rate is not readily determinable for substantially all of the Company’s leases, and therefore the initial present value of lease payments is calculated utilizing an estimated incremental borrowing rate determined at the portfolio level based on market and Company specific information. Certain of the Company’s leases include variable costs. As the right of use asset recorded on the balance sheet was determined based upon factors considered at the commencement date, changes in these variable expenses are not capitalized and are expensed as incurred throughout the lease term. As of April 30, 2023, the Company has not entered into any significant leases which have not yet commenced. The following table presents the lease expense components for the three and six months ended April 30, 2023 and 2022: Three Months Ended Six Months Ended (in millions) 2023 2022 2023 2022 Operating lease cost $ 16.1 $ 16.7 $ 31.0 $ 33.7 Finance lease cost - amortization 1.1 0.2 1.8 1.0 Finance lease cost - interest 0.6 — 1.0 — Other lease cost* 5.8 6.1 13.2 11.0 Total lease cost $ 23.6 $ 23.0 $ 47.0 $ 45.7 *includes variable and short-term lease costs The following table presents the future maturity for the Company’s lease liabilities, during the next five years, and in the aggregate for the years thereafter as of April 30, 2023: (in millions) Operating Leases Finance Leases Total expected payments 2023 $ 58.3 $ 5.8 $ 64.1 2024 51.7 5.8 57.5 2025 45.6 5.5 51.1 2026 37.6 5.4 43.0 2027 28.7 5.2 33.9 Thereafter 97.8 17.5 115.3 Total lease payments $ 319.7 $ 45.2 $ 364.9 Less: interest (44.2) (12.2) (56.4) Lease liabilities $ 275.5 $ 33.0 $ 308.5 The following table presents the weighted-average lease term and discount rate as of April 30, 2023 and 2022: April 30, April 30, Weighted-average remaining lease term (years): Operating leases 9.5 10.2 Finance leases 8.1 2.8 Weighted-average discount rate: Operating leases 4.14 % 3.60 % Finance leases 6.31 % 3.35 % The following table presents other required lease related information for the three and six months ended April 30, 2023 and 2022: Three Months Ended Six Months Ended (in millions) 2023 2022 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating liabilities $ 16.1 $ 17.0 $ 31.1 $ 34.1 Financing cash flows used for finance leases 1.0 0.3 1.7 0.6 Leased assets obtained in exchange for new lease liabilities: Leased assets obtained in exchange for new operating lease liabilities 42.5 4.3 47.2 12.0 Leased assets obtained in exchange for new finance lease liabilities — — 33.7 0.3

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Apr. 30, 2023
Equity [Abstract]
COMPREHENSIVE INCOME (LOSS)	COMPREHENSIVE INCOME (LOSS) The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2023: (in millions) Foreign Derivative Financial Instruments Minimum Accumulated Balance as of October 31, 2022 $ (316.5) $ 72.8 $ (58.6) $ (302.3) Other comprehensive income (loss) 48.8 (30.8) (3.8) 14.2 Balance as of April 30, 2023 $ (267.7) $ 42.0 $ (62.4) $ (288.1) The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2022: (in millions) Foreign Currency Derivative Minimum Pension Accumulated Other Balance as of October 31, 2021 $ (295.4) $ (3.6) $ (57.5) $ (356.5) Other comprehensive income (loss) (74.9) 35.9 6.5 (32.5) Foreign currency translation released from business divestment 113.1 — — 113.1 Balance as of April 30, 2022 $ (257.2) $ 32.3 $ (51.0) $ (275.9) The components of accumulated other comprehensive income (loss) above are presented net of tax, as applicable.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	6 Months Ended
	Apr. 30, 2023
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION The Company has six operating segments, which are aggregated into three reportable business segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management. The Company’s reportable business segments offer different products and services. The accounting policies of the reportable business segments are substantially the same as those described in the “Basis of Presentation and Summary of Significant Accounting Policies” note in the 2022 Form 10-K. On March 31, 2023 , the Company completed the Centurion Acquisition. Centurion is a leader in the North American IBC reconditioning industry involved in IBC rebottling, reconditioning and distribution, which complement the Company’s Global Industrial Packaging specialty portfolio. The results of Centurion are recorded within the Global Industrial Packaging segment while the Company evaluates the impact of the Centurion Acquisition on its reportable business segments. On December 15, 2022, the Company completed the Lee Container Acquisition. Lee Container is an industry-leading manufacturer of high-performance barrier, conventional blow molded containers, jerrycans and small plastics, which complement the Company’s Global Industrial Packaging specialty portfolio. The results of Lee Container are recorded within the Global Industrial Packaging segment while the Company evaluates the impact of the Lee Container Acquisition on its reportable business segments. The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2023: Three Months Ended April 30, 2023 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 282.1 $ 338.2 $ 127.9 $ 748.2 Paper Packaging & Services 544.6 — 10.2 554.8 Land Management 5.9 — — 5.9 Total net sales $ 832.6 $ 338.2 $ 138.1 $ 1,308.9 Six Months Ended April 30, 2023 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 541.4 $ 653.0 $ 259.6 $ 1,454.0 Paper Packaging & Services 1,095.1 — 19.9 1,115.0 Land Management 10.9 — — 10.9 Total net sales $ 1,647.4 $ 653.0 $ 279.5 $ 2,579.9 The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2022: Three Months Ended April 30, 2022 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 345.1 $ 459.2 $ 167.4 $ 971.7 Paper Packaging & Services 678.5 — 10.8 689.3 Land Management 6.3 — — 6.3 Total net sales $ 1,029.9 $ 459.2 $ 178.2 $ 1,667.3 Six Months Ended April 30, 2022 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 663.9 $ 916.5 $ 340.4 $ 1,920.8 Paper Packaging & Services 1,279.3 — 20.0 1,299.3 Land Management 11.5 — — 11.5 Total net sales $ 1,954.7 $ 916.5 $ 360.4 $ 3,231.6 The following segment information is presented for the periods indicated: Three Months Ended Six Months Ended (in millions) 2023 2022 2023 2022 Operating profit: Global Industrial Packaging $ 111.3 $ 108.0 $ 157.2 $ 139.0 Paper Packaging & Services 67.6 80.1 176.7 118.4 Land Management 2.2 2.0 3.6 4.7 Total operating profit $ 181.1 $ 190.1 $ 337.5 $ 262.1 Depreciation, depletion and amortization expense: Global Industrial Packaging $ 23.2 $ 18.8 $ 44.6 $ 39.4 Paper Packaging & Services 32.8 35.1 65.9 73.1 Land Management 0.6 0.7 1.2 1.5 Total depreciation, depletion and amortization expense $ 56.6 $ 54.6 $ 111.7 $ 114.0 The following table presents total assets by segment and total properties, plants and equipment, net by geographic area: (in millions) April 30, October 31, Assets: Global Industrial Packaging $ 2,885.4 $ 2,308.4 Paper Packaging & Services 2,396.4 2,473.9 Land Management 251.7 250.0 Total segments 5,533.5 5,032.3 Corporate and other 378.0 437.6 Total assets $ 5,911.5 $ 5,469.9 Long lived assets, net*: United States $ 1,410.1 $ 1,315.6 Europe, Middle East and Africa 321.9 303.7 Asia Pacific and other Americas 90.2 91.6 Total long-lived assets, net $ 1,822.2 $ 1,710.9 *includes property, plants and equipment, net, operating lease assets and finance lease assets

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Apr. 30, 2023
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 sheet as of April 30, 2023 and the condensed consolidated balance sheet as of October 31, 2022, the interim condensed consolidated statements of income, comprehensive income and changes in shareholders’ equity for the three and six months ended April 30, 2023 and 2022 and the interim condensed consolidated statements of cash flows for the three and six months ended April 30, 2023 and 2022 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 this 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, 2022 (the “2022 Form 10-K”).
Newly Adopted Accounting Standards and Recently Issued Accounting Standards	Newly Adopted Accounting Standards There have been no new accounting standards adopted since the filing of the 2022 Form 10-K that have significance, or potential significance, to the interim condensed consolidated financial statements. Recently Issued Accounting Standards There have been no new accounting pronouncements issued since the filing of the 2022 Form 10-K that have significance, or potential significance, to the interim condensed consolidated financial statements.

ACQUISITIONS AND DIVESTITURES (

ACQUISITIONS AND DIVESTITURES (Tables)	6 Months Ended
	Apr. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the consideration transferred to acquire Centurion and the preliminary valuation of identifiable assets acquired and liabilities assumed at the acquisition date: (in millions) Amounts Recognized as of the Acquisition Date Fair value of consideration transferred Cash consideration $ 144.5 Noncontrolling interest 40.9 Previously held interest 16.8 Recognized amounts of identifiable assets acquired and liabilities assumed Accounts receivable $ 12.4 Inventories 2.0 Prepaid and other current assets 0.4 Intangibles 83.4 Operating lease assets 10.2 Properties, plants and equipment 7.7 Total assets acquired 116.1 Accounts payable (4.2) Other current liabilities (4.3) Operating lease liabilities (10.2) Total liabilities assumed (18.7) Total identifiable net assets $ 97.4 Goodwill $ 104.8 The following table summarizes the consideration transferred to acquire Lee Container and the preliminary valuation of identifiable assets acquired and liabilities assumed at the acquisition date: (in millions) Amounts Recognized as of the Acquisition Date Measurement Period Adjustments (1) Amount Recognized as of Acquisition Date (as Adjusted) Fair value of consideration transferred Cash consideration $ 302.8 $ 0.2 $ 303.0 Recognized amounts of identifiable assets acquired and liabilities assumed Accounts receivable $ 21.9 $ (0.4) $ 21.5 Inventories 27.5 (1.0) 26.5 Prepaid and other current assets 0.5 0.1 0.6 Intangibles 133.5 — 133.5 Finance lease assets 32.4 1.0 33.4 Properties, plants and equipment 54.7 — 54.7 Total assets acquired 270.5 (0.3) 270.2 Accounts payable (3.9) — (3.9) Accrued payroll and employee benefits (1.3) — (1.3) Other current liabilities (3.1) 2.8 (0.3) Finance lease liabilities (30.6) (2.8) (33.4) Total liabilities assumed (38.9) — (38.9) Total identifiable net assets $ 231.6 (0.3) 231.3 Goodwill $ 71.2 $ 0.5 $ 71.7
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The following table summarizes the preliminary purchase price allocation and weighted average remaining useful lives for identifiable intangible assets acquired as of the acquisition date: (in millions) Final Purchase Price Allocation Weighted Average Estimated Useful Life Customer relationships $ 74.7 12.0 Trademarks 8.7 5.0 Total intangible assets $ 83.4 (in millions) Final Purchase Price Allocation Weighted Average Estimated Useful Life Customer relationships $ 120.0 15.0 Trademarks 13.5 5.0 Total intangible assets $ 133.5 The following unaudited supplemental pro forma data presents consolidated information as if the Centurion Acquisition and Lee Container Acquisition had been completed on November 1, 2021. These amounts were calculated after adjusting Centurion’s and Lee Container’s results to reflect interest expense incurred on the debt to finance the acquisitions, additional depreciation and amortization that would have been charged assuming the fair value of property, plant and equipment and intangible assets had been applied from November 1, 2021, the adjusted tax expense, and related transaction costs. Three Months Ended Six Months Ended (in millions, except per share amounts) 2023 2022 2023 2022 Pro forma net sales $ 1,326.2 $ 1,738.9 $ 2,637.8 $ 3,363.2 Pro forma net income attributable to Greif, Inc. 113.1 130.6 216.3 140.4 Basic earnings per share attributable to Greif, Inc. common shareholders: Class A common stock $ 1.95 $ 2.19 $ 3.73 $ 2.36 Class B common stock $ 2.92 $ 3.29 $ 5.58 $ 3.53 Diluted earnings per share attributable to Greif, Inc. common shareholders: Class A common stock $ 1.93 $ 2.18 $ 3.70 $ 2.35 Class B common stock $ 2.92 $ 3.29 $ 5.58 $ 3.53

RESTRUCTURING CHARGES (Tables)

RESTRUCTURING CHARGES (Tables)	6 Months Ended
	Apr. 30, 2023
Restructuring and Related Activities [Abstract]
Schedule of Reconciliation of Beginning and Ended Restructuring Reserve Balances	The following is a reconciliation of the beginning and ending restructuring reserve balances for the six months ended April 30, 2023: (in millions) Employee Other Total Balance at October 31, 2022 $ 11.2 $ 1.1 $ 12.3 Costs incurred and charged to expense 2.7 2.1 4.8 Costs paid or otherwise settled (2.5) (2.4) (4.9) Balance at April 30, 2023 $ 11.4 $ 0.8 $ 12.2
Schedule of Reconciliation of Total Amounts Expected to be Incurred from Open Restructuring Plans Anticipated to be Realized	The following is a reconciliation of the total amounts expected to be incurred from open restructuring plans or plans that are being formulated and have not been announced as of the filing date of this Form 10-Q. Remaining amounts expected to be incurred were $14.8 million as of April 30, 2023: (in millions) Total Amounts Amounts Incurred During the Six Months Ended April 30, 2023 Amounts Global Industrial Packaging Employee separation costs $ 5.4 $ 1.7 $ 3.7 Other restructuring costs 2.2 1.2 1.0 7.6 2.9 4.7 Paper Packaging & Services Employee separation costs 4.6 1.0 3.6 Other restructuring costs 7.4 0.9 6.5 12.0 1.9 10.1 $ 19.6 $ 4.8 $ 14.8

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt is summarized as follows: (in millions) April 30, 2023 October 31, 2022 2022 Credit Agreement - Term Loans $ 1,534.2 $ 1,565.0 Accounts receivable credit facilities 353.2 311.4 2022 Credit Agreement - Revolving Credit Facility 406.5 41.9 Other debt 0.3 0.4 2,294.2 1,918.7 Less: current portion 80.8 71.1 Less: deferred financing costs 7.3 8.3 Long-term debt, net $ 2,206.1 $ 1,839.3

FINANCIAL INSTRUMENTS AND FAI_2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Recurring Fair Value Measurements	The following table presents the fair value for those assets and (liabilities) measured on a recurring basis as of April 30, 2023 and October 31, 2022: April 30, 2023 Assets Liabilities (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Interest rate derivatives $ — $ 49.8 $ — $ 49.8 $ — $ (10.0) $ — $ (10.0) Foreign exchange hedges — 1.1 — 1.1 — (2.6) — (2.6) Insurance annuity — — 19.7 19.7 — — — — Cross currency swap — 15.5 — 15.5 — (3.2) — (3.2) October 31, 2022 Assets Liabilities (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Interest rate derivatives $ — $ 72.1 $ — $ 72.1 $ — $ (1.0) $ — $ (1.0) Foreign exchange hedges — — — — — (0.2) — (0.2) Insurance annuity — — 17.8 17.8 — — — — Cross currency swap — 46.8 — 46.8 — — — —
Schedule of Quantitative about Significant Unobservable Inputs Used to Determine Fair Value of Impairment of Long-Lived Assets Held and Used	The following table presents quantitative information about the significant unobservable inputs used to determine the fair value of the impairment of long-lived assets held and used and net assets held for sale for the six months ended April 30, 2023 and 2022: Quantitative Information about Level 3 (in millions) Impairment Amount Valuation Unobservable Range of April 30, 2023 Long Lived Assets $ 1.8 Discounted Cash Flows; Indicative Bids Discounted Cash Flows; Indicative Bids N/A Total $ 1.8 April 30, 2022 Net Assets Held for Sale $ 62.4 Indicative Bids Indicative Bids N/A Total $ 62.4

POST RETIREMENT BENEFIT PLANS (

POST RETIREMENT BENEFIT PLANS (Tables)	6 Months Ended
	Apr. 30, 2023
Retirement Benefits [Abstract]
Schedule of Components Of Net Periodic Pension Cost	The components of net periodic pension cost include the following: Three Months Ended Six Months Ended (in millions) 2023 2022 2023 2022 Service cost $ 2.0 $ 3.0 $ 4.0 $ 6.0 Interest cost 8.7 5.1 17.4 10.2 Expected return on plan assets (9.7) (8.3) (19.4) (16.5) Amortization of prior service cost (0.1) (0.1) (0.2) (0.2) Recognized net actuarial loss (0.6) 2.0 (1.1) 4.0 Net periodic pension cost $ 0.3 $ 1.7 $ 0.7 $ 3.5

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Apr. 30, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Class Based Basic and Diluted Earnings Per Share	The Company calculates EPS as follows: Basic Class A EPS = 40% * Average Class A Shares Outstanding * Undistributed Net Income + Class A Dividends Per Share 40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding Average Class A Shares Outstanding Diluted Class A EPS = 40% * Average Class A Shares Outstanding * Undistributed Net Income + Class A Dividends Per Share 40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding Average Diluted Class A Shares Outstanding Basic Class B EPS = 60% * Average Class B Shares Outstanding * Undistributed Net Income + Class B Dividends Per Share 40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding Average Class B Shares Outstanding *Diluted Class B EPS calculation is identical to Basic Class B calculation
Schedule of Computation of Earnings Per Share Basic and Diluted	The following table provides EPS information for each period, respectively: Three Months Ended Six Months Ended (in millions) 2023 2022 2023 2022 Numerator for basic and diluted EPS Net income attributable to Greif, Inc. $ 111.2 $ 125.1 $ 201.1 $ 135.4 Cash dividends (29.0) (27.4) (57.9) (54.6) Undistributed earnings attributable to Greif, Inc. $ 82.2 $ 97.7 $ 143.2 $ 80.8
Schedule of Company's Class A and Class B Common and Treasury Shares	The following table summarizes the shares of the Company’s Class A and Class B Common Stock as of the specified dates: Authorized Issued Outstanding Treasury April 30, 2023 Class A Common Stock 128,000,000 42,281,920 25,473,248 16,808,672 Class B Common Stock 69,120,000 34,560,000 21,387,921 13,172,079 October 31, 2022 Class A Common Stock 128,000,000 42,281,920 25,606,287 16,675,633 Class B Common Stock 69,120,000 34,560,000 21,836,745 12,723,255
Schedule of Reconciliation of Shares Used to Calculate Basic and Diluted Earnings Per Share	The following is a reconciliation of the shares used to calculate basic and diluted earnings per share: Three Months Ended Six Months Ended 2023 2022 2023 2022 Class A Common Stock: Basic shares 25,771,973 26,618,116 25,712,178 26,596,024 Assumed conversion of restricted shares 413,922 194,898 274,499 180,522 Diluted shares 26,185,895 26,813,014 25,986,677 26,776,546 Class B Common Stock: Basic and diluted shares 21,495,741 22,007,725 21,608,671 22,007,725

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Apr. 30, 2023
Leases [Abstract]
Schedule of Components of Lease Expense	The following table presents the lease expense components for the three and six months ended April 30, 2023 and 2022: Three Months Ended Six Months Ended (in millions) 2023 2022 2023 2022 Operating lease cost $ 16.1 $ 16.7 $ 31.0 $ 33.7 Finance lease cost - amortization 1.1 0.2 1.8 1.0 Finance lease cost - interest 0.6 — 1.0 — Other lease cost* 5.8 6.1 13.2 11.0 Total lease cost $ 23.6 $ 23.0 $ 47.0 $ 45.7 *includes variable and short-term lease costs The following table presents other required lease related information for the three and six months ended April 30, 2023 and 2022: Three Months Ended Six Months Ended (in millions) 2023 2022 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating liabilities $ 16.1 $ 17.0 $ 31.1 $ 34.1 Financing cash flows used for finance leases 1.0 0.3 1.7 0.6 Leased assets obtained in exchange for new lease liabilities: Leased assets obtained in exchange for new operating lease liabilities 42.5 4.3 47.2 12.0 Leased assets obtained in exchange for new finance lease liabilities — — 33.7 0.3
Schedule of Maturities of Operating Lease Liabilities	The following table presents the future maturity for the Company’s lease liabilities, during the next five years, and in the aggregate for the years thereafter as of April 30, 2023: (in millions) Operating Leases Finance Leases Total expected payments 2023 $ 58.3 $ 5.8 $ 64.1 2024 51.7 5.8 57.5 2025 45.6 5.5 51.1 2026 37.6 5.4 43.0 2027 28.7 5.2 33.9 Thereafter 97.8 17.5 115.3 Total lease payments $ 319.7 $ 45.2 $ 364.9 Less: interest (44.2) (12.2) (56.4) Lease liabilities $ 275.5 $ 33.0 $ 308.5
Schedule of Weighted-Average Lease Term and Discount Rate	The following table presents the weighted-average lease term and discount rate as of April 30, 2023 and 2022: April 30, April 30, Weighted-average remaining lease term (years): Operating leases 9.5 10.2 Finance leases 8.1 2.8 Weighted-average discount rate: Operating leases 4.14 % 3.60 % Finance leases 6.31 % 3.35 %

COMPREHENSIVE INCOME (LOSS) (Ta

COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Apr. 30, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2023: (in millions) Foreign Derivative Financial Instruments Minimum Accumulated Balance as of October 31, 2022 $ (316.5) $ 72.8 $ (58.6) $ (302.3) Other comprehensive income (loss) 48.8 (30.8) (3.8) 14.2 Balance as of April 30, 2023 $ (267.7) $ 42.0 $ (62.4) $ (288.1) The following table provides the rollforward of accumulated other comprehensive income (loss) for the six months ended April 30, 2022: (in millions) Foreign Currency Derivative Minimum Pension Accumulated Other Balance as of October 31, 2021 $ (295.4) $ (3.6) $ (57.5) $ (356.5) Other comprehensive income (loss) (74.9) 35.9 6.5 (32.5) Foreign currency translation released from business divestment 113.1 — — 113.1 Balance as of April 30, 2022 $ (257.2) $ 32.3 $ (51.0) $ (275.9)

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	6 Months Ended
	Apr. 30, 2023
Segment Reporting [Abstract]
Schedule of Revenue from External Customers by Geographic Areas	The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2023: Three Months Ended April 30, 2023 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 282.1 $ 338.2 $ 127.9 $ 748.2 Paper Packaging & Services 544.6 — 10.2 554.8 Land Management 5.9 — — 5.9 Total net sales $ 832.6 $ 338.2 $ 138.1 $ 1,308.9 Six Months Ended April 30, 2023 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 541.4 $ 653.0 $ 259.6 $ 1,454.0 Paper Packaging & Services 1,095.1 — 19.9 1,115.0 Land Management 10.9 — — 10.9 Total net sales $ 1,647.4 $ 653.0 $ 279.5 $ 2,579.9 The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2022: Three Months Ended April 30, 2022 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 345.1 $ 459.2 $ 167.4 $ 971.7 Paper Packaging & Services 678.5 — 10.8 689.3 Land Management 6.3 — — 6.3 Total net sales $ 1,029.9 $ 459.2 $ 178.2 $ 1,667.3 Six Months Ended April 30, 2022 (in millions) United States Europe, Middle East and Africa Asia Pacific and Other Americas Total Global Industrial Packaging $ 663.9 $ 916.5 $ 340.4 $ 1,920.8 Paper Packaging & Services 1,279.3 — 20.0 1,299.3 Land Management 11.5 — — 11.5 Total net sales $ 1,954.7 $ 916.5 $ 360.4 $ 3,231.6
Schedule of Segment Information	The following segment information is presented for the periods indicated: Three Months Ended Six Months Ended (in millions) 2023 2022 2023 2022 Operating profit: Global Industrial Packaging $ 111.3 $ 108.0 $ 157.2 $ 139.0 Paper Packaging & Services 67.6 80.1 176.7 118.4 Land Management 2.2 2.0 3.6 4.7 Total operating profit $ 181.1 $ 190.1 $ 337.5 $ 262.1 Depreciation, depletion and amortization expense: Global Industrial Packaging $ 23.2 $ 18.8 $ 44.6 $ 39.4 Paper Packaging & Services 32.8 35.1 65.9 73.1 Land Management 0.6 0.7 1.2 1.5 Total depreciation, depletion and amortization expense $ 56.6 $ 54.6 $ 111.7 $ 114.0
Schedule of Properties, Plants and Equipment, Net by Geographical Area	The following table presents total assets by segment and total properties, plants and equipment, net by geographic area: (in millions) April 30, October 31, Assets: Global Industrial Packaging $ 2,885.4 $ 2,308.4 Paper Packaging & Services 2,396.4 2,473.9 Land Management 251.7 250.0 Total segments 5,533.5 5,032.3 Corporate and other 378.0 437.6 Total assets $ 5,911.5 $ 5,469.9 Long lived assets, net*: United States $ 1,410.1 $ 1,315.6 Europe, Middle East and Africa 321.9 303.7 Asia Pacific and other Americas 90.2 91.6 Total long-lived assets, net $ 1,822.2 $ 1,710.9 *includes property, plants and equipment, net, operating lease assets and finance lease assets

ACQUISITIONS AND DIVESTITURES -

ACQUISITIONS AND DIVESTITURES - Additional Information (Details) $ in Millions				3 Months Ended		6 Months Ended
	Mar. 31, 2023 USD ($)	Jan. 26, 2023 USD ($)	Dec. 15, 2022 USD ($)	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)	Apr. 30, 2023 USD ($) jointVenture	Apr. 30, 2022 USD ($)	Mar. 30, 2023	Oct. 31, 2022 USD ($)
Business Acquisition [Line Items]
Goodwill				$ 1,649.8		$ 1,649.8			$ 1,464.5
Purchases of redeemable noncontrolling interest						3.3	$ 0
Proceeds from the sale of businesses						105.6	139.2
Gain (loss) on disposal of business				9.8	$ 4.2	64.4	$ 4.2
Tama Divestiture
Business Acquisition [Line Items]
Gain (loss) on disposal of business						54.6
Discontinued Operations, Disposed of by Sale | Tama Divestiture
Business Acquisition [Line Items]
Proceeds from the sale of businesses						100.2
Disposal group, including discontinued operation, goodwill				22.5		$ 22.5
Global Industrial Packaging
Business Acquisition [Line Items]
Number of joint ventures | jointVenture						1
Redeemable noncontrolling interest, equity, percentage		5.20%
Purchases of redeemable noncontrolling interest		$ 3.3
Paper Packing & Services
Business Acquisition [Line Items]
Number of joint ventures | jointVenture						1
Redeemable noncontrolling interest, equity, percentage	20%
Purchases of redeemable noncontrolling interest	$ 3.6
Centurion Container LLC
Business Acquisition [Line Items]
Ownership percent acquired	80%							10%
Purchases of business, net of cash acquired	$ 144.5
Fair value of remaining non-controlling interest	20%
Noncontrolling interest	$ 40.9
Previously held interest	16.8
Business combination, step acquisition, equity interest in acquiree, remeasurement gain (loss)	9.8
Goodwill	$ 104.8
Business combination, pro forma information, revenue of acquiree since acquisition date, actual				7.4		$ 7.4
Lee Container Acquisition
Business Acquisition [Line Items]
Purchases of business, net of cash acquired			$ 302.8
Goodwill			71.7
Business combination, pro forma information, revenue of acquiree since acquisition date, actual				$ 38.4		$ 56.3
Business acquisition, transaction costs			$ 5.1
Lee Container Acquisition | Building and Building Improvements | Minimum
Business Acquisition [Line Items]
Useful life			1 year
Lee Container Acquisition | Building and Building Improvements | Maximum
Business Acquisition [Line Items]
Useful life			9 years
Lee Container Acquisition | Equipment | Minimum
Business Acquisition [Line Items]
Useful life			1 year
Lee Container Acquisition | Equipment | Maximum
Business Acquisition [Line Items]
Useful life			19 years

ACQUISITIONS AND DIVESTITURES_2

ACQUISITIONS AND DIVESTITURES - Schedule of Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Mar. 31, 2023	Apr. 30, 2023	Oct. 31, 2022
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 1,649.8	$ 1,464.5
Centurion Container LLC
Business Acquisition [Line Items]
Cash consideration	$ 144.5
Noncontrolling interest	40.9
Previously held interest	16.8
Recognized amounts of identifiable assets acquired and liabilities assumed
Accounts receivable	12.4
Inventories	2
Prepaid and other current assets	0.4
Intangibles	83.4
Operating lease assets	10.2
Properties, plants and equipment	7.7
Total assets acquired	116.1
Accounts payable	(4.2)
Other current liabilities	(4.3)
Operating lease liabilities	(10.2)
Total liabilities assumed	(18.7)
Total identifiable net assets	97.4
Goodwill	$ 104.8

ACQUISITIONS AND DIVESTITURES_3

ACQUISITIONS AND DIVESTITURES - Schedule of Preliminary Valuation of Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Dec. 15, 2022	Apr. 30, 2023	Oct. 31, 2022
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 1,649.8	$ 1,464.5
Lee Container Acquisition
Fair value of consideration transferred
Cash consideration	$ 303
Cash consideration, Adjustment	0.2
Recognized amounts of identifiable assets acquired and liabilities assumed
Accounts receivable	21.5
Accounts receivable	(0.4)
Inventories	26.5
Inventories	(1)
Prepaid and other current assets	0.6
Prepaid and other current assets	0.1
Intangibles	133.5
Finance lease assets	33.4
Finance lease assets	1
Properties, plants and equipment	54.7
Total assets acquired	270.2
Total assets acquired	(0.3)
Accounts payable	(3.9)
Accrued payroll and employee benefits	(1.3)
Other current liabilities	(0.3)
Other current liabilities	2.8
Finance lease liabilities	(33.4)
Finance lease liabilities	(2.8)
Total liabilities assumed	(38.9)
Total liabilities assumed	0
Total identifiable net assets	231.3
Total identifiable net assets	(0.3)
Goodwill	71.7
Goodwill	0.5
Lee Container Acquisition | Previously Reported
Fair value of consideration transferred
Cash consideration	302.8
Recognized amounts of identifiable assets acquired and liabilities assumed
Accounts receivable	21.9
Inventories	27.5
Prepaid and other current assets	0.5
Intangibles	133.5
Finance lease assets	32.4
Properties, plants and equipment	54.7
Total assets acquired	270.5
Accounts payable	(3.9)
Accrued payroll and employee benefits	(1.3)
Other current liabilities	(3.1)
Finance lease liabilities	(30.6)
Total liabilities assumed	(38.9)
Total identifiable net assets	231.6
Goodwill	$ 71.2

ACQUISITIONS AND DIVESTITURES_4

ACQUISITIONS AND DIVESTITURES - Schedule of Intangible Assets Assumed (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 15, 2022
Centurion Container LLC
Business Acquisition [Line Items]
Final Purchase Price Allocation	$ 83.4
Lee Container Acquisition
Business Acquisition [Line Items]
Final Purchase Price Allocation		$ 133.5
Customer relationships | Centurion Container LLC
Business Acquisition [Line Items]
Final Purchase Price Allocation	$ 74.7
Weighted Average Estimated Useful Life	12 years
Customer relationships | Lee Container Acquisition
Business Acquisition [Line Items]
Final Purchase Price Allocation		$ 120
Weighted Average Estimated Useful Life		15 years
Trademarks | Centurion Container LLC
Business Acquisition [Line Items]
Final Purchase Price Allocation	$ 8.7
Weighted Average Estimated Useful Life	5 years
Trademarks | Lee Container Acquisition
Business Acquisition [Line Items]
Final Purchase Price Allocation		$ 13.5
Weighted Average Estimated Useful Life		5 years

ACQUISITIONS AND DIVESTITURES_5

ACQUISITIONS AND DIVESTITURES - Pro forma (Details) - Lee Container Acquisition - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Business Acquisition [Line Items]
Pro forma net sales	$ 1,326.2	$ 1,738.9	$ 2,637.8	$ 3,363.2
Pro forma net income attributable to Greif, Inc.	$ 113.1	$ 130.6	$ 216.3	$ 140.4
Class A Common Stock
Business Acquisition [Line Items]
Basic earnings per share attributable to Greif, Inc. common shareholders: (in dollars per share)	$ 1.95	$ 2.19	$ 3.73	$ 2.36
Diluted earnings per share attributable to Greif, Inc. common shareholders: (in dollars per share)	1.93	2.18	3.70	2.35
Class B Common Stock
Business Acquisition [Line Items]
Basic earnings per share attributable to Greif, Inc. common shareholders: (in dollars per share)	2.92	3.29	5.58	3.53
Diluted earnings per share attributable to Greif, Inc. common shareholders: (in dollars per share)	$ 2.92	$ 3.29	$ 5.58	$ 3.53

RESTRUCTURING CHARGES - Reconci

RESTRUCTURING CHARGES - Reconciliation of Beginning and Ending Restructuring Reserve Balances (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			$ 12.3
Costs incurred and charged to expense	$ 2.4	$ 3.7	4.8	$ 7.2
Costs paid or otherwise settled			(4.9)
Restructuring reserve, ending balance	12.2		12.2
Employee Separation Costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			11.2
Costs incurred and charged to expense	1.6		2.7
Costs paid or otherwise settled			(2.5)
Restructuring reserve, ending balance	11.4		11.4
Other Costs
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance			1.1
Costs incurred and charged to expense	0.8		2.1
Costs paid or otherwise settled			(2.4)
Restructuring reserve, ending balance	$ 0.8		$ 0.8

RESTRUCTURING CHARGES - Additio

RESTRUCTURING CHARGES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Restructuring and Related Costs [Line Items]
Restructuring charges	$ 2.4	$ 3.7	$ 4.8	$ 7.2
Amounts remaining to be incurred	14.8		14.8
Employee Separation Costs
Restructuring and Related Costs [Line Items]
Restructuring charges	1.6		2.7
Other restructuring costs
Restructuring and Related Costs [Line Items]
Restructuring charges	$ 0.8		$ 2.1

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		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	$ 19.6		$ 19.6
Amounts Incurred During the Six Months Ended April 30, 2023	2.4	$ 3.7	4.8	$ 7.2
Amounts Remaining to be Incurred	14.8		14.8
Employee separation costs
Restructuring and Related Costs [Line Items]
Amounts Incurred During the Six Months Ended April 30, 2023	1.6		2.7
Other restructuring costs
Restructuring and Related Costs [Line Items]
Amounts Incurred During the Six Months Ended April 30, 2023	0.8		2.1
Global Industrial Packaging
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	7.6		7.6
Amounts Incurred During the Six Months Ended April 30, 2023			2.9
Amounts Remaining to be Incurred	4.7		4.7
Global Industrial Packaging | Employee separation costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	5.4		5.4
Amounts Incurred During the Six Months Ended April 30, 2023			1.7
Amounts Remaining to be Incurred	3.7		3.7
Global Industrial Packaging | Other restructuring costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	2.2		2.2
Amounts Incurred During the Six Months Ended April 30, 2023			1.2
Amounts Remaining to be Incurred	1		1
Paper Packaging & Services
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	12		12
Amounts Incurred During the Six Months Ended April 30, 2023			1.9
Amounts Remaining to be Incurred	10.1		10.1
Paper Packaging & Services | Employee separation costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	4.6		4.6
Amounts Incurred During the Six Months Ended April 30, 2023			1
Amounts Remaining to be Incurred	3.6		3.6
Paper Packaging & Services | Other restructuring costs
Restructuring and Related Costs [Line Items]
Total Amounts Expected to be Incurred	7.4		7.4
Amounts Incurred During the Six Months Ended April 30, 2023			0.9
Amounts Remaining to be Incurred	$ 6.5		$ 6.5

LONG-TERM DEBT - Summary of Lon

LONG-TERM DEBT - Summary of Long-Term Debt (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 31, 2022
Debt Instrument [Line Items]
Long-term debt	$ 2,294.2	$ 1,918.7
Less: current portion	80.8	71.1
Less: deferred financing costs	7.3	8.3
Long-term debt, net	2,206.1	1,839.3
2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	1,940.7
Other debt
Debt Instrument [Line Items]
Long-term debt	0.3	0.4
Term Loan | 2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	1,534.2	1,565
Accounts receivable credit facilities
Debt Instrument [Line Items]
Long-term debt	353.2	311.4
Revolving Credit Facility | 2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt	406.5	$ 41.9
Less: current portion	80.8
Long-term debt, net	$ 1,859.9

LONG-TERM DEBT - Credit Agreeme

LONG-TERM DEBT - Credit Agreement (Details) - USD ($)	May 17, 2023	Apr. 30, 2023	Oct. 31, 2022	Mar. 01, 2022
Debt Instrument [Line Items]
Long-term debt		$ 2,294,200,000	$ 1,918,700,000
Current portion of long-term debt		80,800,000	71,100,000
Long-term debt, net		2,206,100,000	1,839,300,000
2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt		1,940,700,000
Term Loan | Secured Term Loan A-1 Facility
Debt Instrument [Line Items]
Debt issued				$ 1,100,000,000
Term Loan | Secured Term Loan A-2 Facility
Debt Instrument [Line Items]
Debt issued				515,000,000
Revolving Credit Facility | 2022 Credit Agreement
Debt Instrument [Line Items]
Long-term debt		406,500,000	$ 41,900,000
Current portion of long-term debt		80,800,000
Long-term debt, net		$ 1,859,900,000
Weighted average interest rate		5.38%
Actual interest rate		6.19%
Debt issuance costs		$ 4,000,000
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity				800,000,000
Revolving Credit Facility | Line of Credit | Subsequent Event
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 300,000,000
Multicurrency Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity				725,000,000
U.S. Dollar Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 75,000,000
Term Loan | 2022 Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs		$ 7,300,000

LONG-TERM DEBT - Trade Accounts

LONG-TERM DEBT - Trade Accounts Receivable Credit Facility (Details) $ in Millions	May 17, 2023 USD ($)	Apr. 30, 2023 USD ($)	Apr. 30, 2023 EUR (€)	Oct. 31, 2022 USD ($)
Debt Instrument [Line Items]
Long-term debt		$ 2,294.2		$ 1,918.7
Accounts receivable credit facilities
Debt Instrument [Line Items]
Long-term debt		353.2		$ 311.4
United States Trade Accounts receivable credit facilities | Accounts receivable credit facilities
Debt Instrument [Line Items]
Long-term line of credit		258.3
United States Trade Accounts receivable credit facilities | Subsequent Event
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 300
International Trade Accounts Receivable Credit Facilities | European RPA
Debt Instrument [Line Items]
Financing receivable maximum amount under receivable purchase agreement		110.4	€ 100,000,000
International Trade Accounts Receivable Credit Facilities | Foreign Line of Credit | European RPA
Debt Instrument [Line Items]
Long-term debt		$ 95

FINANCIAL INSTRUMENTS AND FAI_3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Recurring Fair Value Measurements (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Apr. 30, 2023	Oct. 31, 2022
Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	$ 49.8	$ 72.1
Liabilities	(10)	(1)
Foreign exchange hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1.1	0
Liabilities	(2.6)	(0.2)
Insurance annuity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	19.7	17.8
Liabilities	0	0
Cross currency swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	15.5	46.8
Liabilities	(3.2)	0
Level 1 | Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Level 1 | Foreign exchange hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Level 1 | Insurance annuity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Level 1 | Cross currency swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Level 2 | Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	49.8	72.1
Liabilities	(10)	(1)
Level 2 | Foreign exchange hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	1.1	0
Liabilities	(2.6)	(0.2)
Level 2 | Insurance annuity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Level 2 | Cross currency swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	15.5	46.8
Liabilities	(3.2)	0
Level 3 | Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Level 3 | Foreign exchange hedges
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	0	0
Level 3 | Insurance annuity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	19.7	17.8
Liabilities	0	0
Level 3 | Cross currency swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets	0	0
Liabilities	$ 0	$ 0

FINANCIAL INSTRUMENTS AND FAI_4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2023	Apr. 30, 2022	Oct. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gains recorded in interest expense	$ (23.4)	$ (13.2)		$ (46.2)	$ (30.3)
Impairment charges of net assets held for sale	0		$ 62.4
Level 3 | Net Assets Held for Sale | Indicative Bids
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Impairment charges of net assets held for sale		$ 62.4
Level 3 | Long Lived Assets | Discounted Cash Flows; Indicative Bids
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Impairment of long-lived assets held-for-use				1.8	0
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Flexible Packaging JV
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Percent divested from joint venture		50%
Interest rate derivatives | Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 1,300			$ 1,300
Derivative, forward interest rate	2.62%			2.62%
Gains (losses) reclassified to earnings	$ 6.6	$ (3.3)		$ 11.3	(7.6)
Gain to be reclassified within next twelve months				27.7
Foreign Currency Forward Contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	155.7			155.7		$ 132.1
Gain (losses) recorded under fair value contracts	0.6	0.3		0.7	(2.1)
Unrealized gain (loss) on foreign currency	1.3	0.6		(1.5)	1.6
Cross currency swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 319.3			$ 319.3
Derivative, forward interest rate	1.39%			1.39%
Gains recorded in interest expense	$ 1.2	$ 1.4		$ 2.6	$ 2.8

FINANCIAL INSTRUMENTS AND FAI_5

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Summary of Significant Unobservable Inputs Used to Determine Fair Value Long-Lived Assets Held and Used (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2023	Apr. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Assets Held for Sale	$ 0		$ 62.4
Total	$ 1.3	$ 0		$ 1.8	$ 62.4
Long Lived Assets | Discounted Cash Flows; Indicative Bids | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long Lived Assets				$ 1.8	$ 0
Net Assets Held for Sale | Indicative Bids | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Assets Held for Sale		$ 62.4

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - $ / shares		6 Months Ended
	Dec. 14, 2022	Apr. 30, 2023
RSUs | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period (in shares)		76,005
PSUs | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period (in shares)		256,053
2020 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period on the basis of service only		3 years
2020 LTIP | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period on the basis of service only		3 years
Shares of restricted stock (in shares)	105,753
Weighted average grant date fair value (in usd per share)	$ 68.99
2020 LTIP | PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock (in shares)	183,218
Weighted average grant date fair value (in usd per share)	$ 70.06	$ 74.09
Performance period based upon service, performance criteria and market conditions		3 years

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Income tax expense	$ 39.1	$ 29.9	$ 76.8	$ 65.5
Increase in tax expense			11.3
Tax adjustments for disposal			18.8
Favorable reconciliation tax settlement			2.7
Miscellaneous other items			1.4
Reduced tax expense			$ 11.6
Book impairment loss				$ 60.4

POST RETIREMENT BENEFIT PLANS -

POST RETIREMENT BENEFIT PLANS - Components of Net Periodic Pension Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Retirement Benefits [Abstract]
Service cost	$ 2	$ 3	$ 4	$ 6
Interest cost	8.7	5.1	17.4	10.2
Expected return on plan assets	(9.7)	(8.3)	(19.4)	(16.5)
Amortization of prior service cost	(0.1)	(0.1)	(0.2)	(0.2)
Recognized net actuarial loss	(0.6)	2	(1.1)	4
Net periodic pension cost	$ 0.3	$ 1.7	$ 0.7	$ 3.5

POST RETIREMENT BENEFIT PLANS_2

POST RETIREMENT BENEFIT PLANS - Additional Information (Details) $ in Millions	Oct. 31, 2022 USD ($)
Retirement Benefits [Abstract]
Expected future employer contributions	$ 28.4

CONTINGENT LIABILITIES AND EN_2

CONTINGENT LIABILITIES AND ENVIRONMENTAL RESERVES (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 31, 2022
Site Contingency [Line Items]
Environmental liability reserves	$ 19.8	$ 19
Diamond Alkali
Site Contingency [Line Items]
Environmental liability reserves	9.8	9.8
European Drum Facilities
Site Contingency [Line Items]
Environmental liability reserves	$ 10	$ 9.2

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional Information (Details)					1 Months Ended	3 Months Ended	6 Months Ended	10 Months Ended
	May 26, 2023 shares	Apr. 30, 2023 USD ($) class_of_stock $ / shares	Feb. 28, 2023 shares	Jun. 24, 2022 shares	May 31, 2023 USD ($)	Apr. 30, 2023 USD ($) class_of_stock $ / shares	Apr. 30, 2023 USD ($) class_of_stock $ / shares	Apr. 30, 2023 USD ($) class_of_stock $ / shares shares	Jun. 23, 2022 USD ($)
Class of Stock [Line Items]
Number of classes of stock | class_of_stock		2				2	2	2
Stock repurchase program, authorized amount									$ 150,000,000
Percentage of expected share repurchases				80%
Shares acquired (in shares) | shares			94,259
Share repurchases						$ 41,800,000	$ 59,600,000
Open Market Purchases
Class of Stock [Line Items]
Stock repurchase program, remaining authorized repurchase amount									75,000,000
Class A Common Stock
Class of Stock [Line Items]
Dividend proportions (in usd per share) | $ / shares		$ 0.01				$ 0.01	$ 0.01	$ 0.01
Percentage of shares outstanding used in two class method calculation							40%
Additional number of shares under accelerated share repurchase program | shares				1,021,451
Share repurchases		$ 25,000,000
Repurchase of common stock (shares) | shares								406,343
Class A Common Stock | Accelerated Share Repurchase Agreement
Class of Stock [Line Items]
Stock repurchase program, remaining authorized repurchase amount									$ 75,000,000
Class B Common Stock
Class of Stock [Line Items]
Dividend proportions (in usd per share) | $ / shares		$ 0.015				$ 0.015	$ 0.015	$ 0.015
Percentage of shares outstanding used in two class method calculation							60%
Share repurchases								$ 45,700,000
Repurchase of common stock (shares) | shares								619,804
Class B Common Stock | Subsequent Event
Class of Stock [Line Items]
Share repurchases					$ 4,300,000
Repurchase of common stock (shares) | shares	56,794

EARNINGS PER SHARE - Computatio

EARNINGS PER SHARE - Computation of Earnings Per Share Basic and Diluted (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Numerator for basic and diluted EPS
Net income attributable to Greif, Inc.	$ 111.2	$ 125.1	$ 201.1	$ 135.4
Cash dividends	(29)	(27.4)	(57.9)	(54.6)
Undistributed earnings attributable to Greif, Inc.	$ 82.2	$ 97.7	$ 143.2	$ 80.8

EARNINGS PER SHARE - Summarizat

EARNINGS PER SHARE - Summarization of Company's Class A and Class B Common and Treasury Shares (Details) - shares	Apr. 30, 2023	Oct. 31, 2022
Class A Common Stock
Class of Stock [Line Items]
Authorized Shares (in shares)	128,000,000	128,000,000
Issued Shares (in shares)	42,281,920	42,281,920
Outstanding Shares (in shares)	25,473,248	25,606,287
Treasury Shares (in shares)	16,808,672	16,675,633
Class B Common Stock
Class of Stock [Line Items]
Authorized Shares (in shares)	69,120,000	69,120,000
Issued Shares (in shares)	34,560,000	34,560,000
Outstanding Shares (in shares)	21,387,921	21,836,745
Treasury Shares (in shares)	13,172,079	12,723,255

EARNINGS PER SHARE - Reconcilia

EARNINGS PER SHARE - Reconciliation of Shares Used to Calculate Basic and Diluted Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Class A Common Stock
Class of Stock [Line Items]
Basic shares (in shares)	25,771,973	26,618,116	25,712,178	26,596,024
Assumed conversion of restricted shares (in shares)	413,922	194,898	274,499	180,522
Diluted shares (in shares)	26,185,895	26,813,014	25,986,677	26,776,546
Class B Common Stock
Class of Stock [Line Items]
Basic shares (in shares)	21,495,741	22,007,725	21,608,671	22,007,725
Diluted shares (in shares)	21,495,741	22,007,725	21,608,671	22,007,725

LEASES - Additional Information

LEASES - Additional Information (Details)	Apr. 30, 2023
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	19 years

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Leases [Abstract]
Operating lease cost	$ 16.1	$ 16.7	$ 31	$ 33.7
Finance lease cost - amortization	1.1	0.2	1.8	1
Finance lease cost - interest	0.6	0	1	0
Other lease cost	5.8	6.1	13.2	11
Total lease cost	$ 23.6	$ 23	$ 47	$ 45.7

LEASES - Maturities of Operatin

LEASES - Maturities of Operating Lease Liabilities (Details) $ in Millions	Apr. 30, 2023 USD ($)
Operating Leases
2023	$ 58.3
2024	51.7
2025	45.6
2026	37.6
2027	28.7
Thereafter	97.8
Total lease payments	319.7
Less: interest	(44.2)
Lease liabilities	275.5
Finance Leases
2023	5.8
2024	5.8
2025	5.5
2026	5.4
2027	5.2
Thereafter	17.5
Total lease payments	45.2
Less: interest	(12.2)
Lease liabilities	33
Total expected payments
2023	64.1
2024	57.5
2025	51.1
2026	43
2027	33.9
Thereafter	115.3
Total lease payments	364.9
Less: interest	(56.4)
Lease liabilities	$ 308.5

LEASES - Schedule of Weighted-A

LEASES - Schedule of Weighted-Average Lease Term and Discount Rate (Details)	Apr. 30, 2023	Apr. 30, 2022
Weighted-average remaining lease term (years):
Weighted-average remaining lease term (years), Operating leases	9 years 6 months	10 years 2 months 12 days
Weighted-average remaining lease term (years), Finance leases	8 years 1 month 6 days	2 years 9 months 18 days
Weighted-average discount rate:
Weighted-average discount rate, Operating leases	4.14%	3.60%
Weighted-average discount rate, Finance leases	6.31%	3.35%

LEASES - Cash Flow (Details)

LEASES - Cash Flow (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used for operating liabilities	$ 16.1	$ 17	$ 31.1	$ 34.1
Financing cash flows used for finance leases	1	0.3	1.7	0.6
Leased assets obtained in exchange for new lease liabilities:
Leased assets obtained in exchange for new operating lease liabilities	42.5	4.3	47.2	12
Leased assets obtained in exchange for new finance lease liabilities	$ 0	$ 0	$ 33.7	$ 0.3

COMPREHENSIVE INCOME (LOSS) - S

COMPREHENSIVE INCOME (LOSS) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Accumulated Other Comprehensive Income (Loss)
Beginning balance	$ 1,557.3	$ 1,794.3	$ 1,575.6
Foreign currency translation released from business divestment	113.1		113.1
Ending balance	1,718.4	1,914.9	1,718.4
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss)
Beginning balance		(316.5)	(295.4)
Other comprehensive income (loss)		48.8	(74.9)
Foreign currency translation released from business divestment			113.1
Ending balance	(257.2)	(267.7)	(257.2)
Derivative Financial Instruments
Accumulated Other Comprehensive Income (Loss)
Beginning balance		72.8	(3.6)
Other comprehensive income (loss)		(30.8)	35.9
Foreign currency translation released from business divestment			0
Ending balance	32.3	42	32.3
Minimum Pension Liability Adjustment
Accumulated Other Comprehensive Income (Loss)
Beginning balance		(58.6)	(57.5)
Other comprehensive income (loss)		(3.8)	6.5
Foreign currency translation released from business divestment			0
Ending balance	(51)	(62.4)	(51)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Beginning balance	(368.8)	(302.3)	(356.5)
Other comprehensive income (loss)		14.2	(32.5)
Foreign currency translation released from business divestment			113.1
Ending balance	$ (275.9)	$ (288.1)	$ (275.9)

BUSINESS SEGMENT INFORMATION -

BUSINESS SEGMENT INFORMATION - Additional Information (Details)	6 Months Ended
	Apr. 30, 2023 segment
Segment Reporting [Abstract]
Number of operating segments	6
Number of reportable segment	3

BUSINESS SEGMENT INFORMATION _2

BUSINESS SEGMENT INFORMATION - Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Segment Reporting Information [Line Items]
Total net sales	$ 1,308.9	$ 1,667.3	$ 2,579.9	$ 3,231.6
Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	748.2	971.7	1,454	1,920.8
Paper Packaging & Services
Segment Reporting Information [Line Items]
Total net sales	554.8	689.3	1,115	1,299.3
Land Management
Segment Reporting Information [Line Items]
Total net sales	5.9	6.3	10.9	11.5
United States
Segment Reporting Information [Line Items]
Total net sales	832.6	1,029.9	1,647.4	1,954.7
United States | Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	282.1	345.1	541.4	663.9
United States | Paper Packaging & Services
Segment Reporting Information [Line Items]
Total net sales	544.6	678.5	1,095.1	1,279.3
United States | Land Management
Segment Reporting Information [Line Items]
Total net sales	5.9	6.3	10.9	11.5
Europe, Middle East and Africa
Segment Reporting Information [Line Items]
Total net sales	338.2	459.2	653	916.5
Europe, Middle East and Africa | Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	338.2	459.2	653	916.5
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	138.1	178.2	279.5	360.4
Asia Pacific and Other Americas | Global Industrial Packaging
Segment Reporting Information [Line Items]
Total net sales	127.9	167.4	259.6	340.4
Asia Pacific and Other Americas | Paper Packaging & Services
Segment Reporting Information [Line Items]
Total net sales	10.2	10.8	19.9	20
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		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Operating profit:
Total operating profit	$ 181.1	$ 190.1	$ 337.5	$ 262.1
Depreciation, depletion and amortization expense:
Total depreciation, depletion and amortization expense	56.6	54.6	111.7	114
Global Industrial Packaging
Operating profit:
Total operating profit	111.3	108	157.2	139
Depreciation, depletion and amortization expense:
Total depreciation, depletion and amortization expense	23.2	18.8	44.6	39.4
Paper Packaging & Services
Operating profit:
Total operating profit	67.6	80.1	176.7	118.4
Depreciation, depletion and amortization expense:
Total depreciation, depletion and amortization expense	32.8	35.1	65.9	73.1
Land Management
Operating profit:
Total operating profit	2.2	2	3.6	4.7
Depreciation, depletion and amortization expense:
Total depreciation, depletion and amortization expense	$ 0.6	$ 0.7	$ 1.2	$ 1.5

BUSINESS SEGMENT INFORMATION _4

BUSINESS SEGMENT INFORMATION - Properties, Plants and Equipment, Net by Geographical Area (Details) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 31, 2022
Assets:
Total assets	$ 5,911.5	$ 5,469.9
Long lived assets, net:
Total long-lived assets, net	1,822.2	1,710.9
United States
Long lived assets, net:
Total long-lived assets, net	1,410.1	1,315.6
Europe, Middle East and Africa
Long lived assets, net:
Total long-lived assets, net	321.9	303.7
Asia Pacific and Other Americas
Long lived assets, net:
Total long-lived assets, net	90.2	91.6
Operating Segments
Assets:
Total assets	5,533.5	5,032.3
Operating Segments | Global Industrial Packaging
Assets:
Total assets	2,885.4	2,308.4
Operating Segments | Paper Packaging & Services
Assets:
Total assets	2,396.4	2,473.9
Operating Segments | Land Management
Assets:
Total assets	251.7	250
Corporate and other
Assets:
Total assets	$ 378	$ 437.6