GREIF, INC GEF Balance Sheet

Greif, inc (GEF)

Balance Sheet / TTM

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Oct'09
ASSETS
Current assets
Cash and cash equivalents
90	77	75	89	84	94	100	108	94	142	94	87	106	103	94	89	65	106	101	67	55	85	65	87	82	78	94	85	91	91	91	104	104	127	109	95	117	106	84	111
Trade accounts receivable, less allowance of $7.3 in 2020 and $6.8 in 2019
641	664	720	704	561	456	469	463	448	447	453	428	391	399	418	404	373	403	461	459	462	501	526	489	465	481	489	471	443	453	492	503	546	561	588	521	475	480	464	337
Inventories:
Raw materials
248	238	274	285	235	203	236	246	235	192	-	-	-	185	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Work-in-process
10	11	12	13	8	10	10	11	12	11	-	-	-	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finished goods
111	108	126	122	82	75	88	94	89	75	-	-	-	79	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-	-	-	-	-	-	-	-	-	-	336	330	304	-	288	290	295	297	334	363	382	381	411	407	398	374	399	392	389	373	398	385	394	429	484	456	414	396	353	238
Deferred tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	24	25	27	26	26	29	22	20	21	29	16	17	17	18	22	22	22	23	18	19	17	19	14	19
Assets held for sale
4	4	2	5	4	4	2	2	1	2	77	86	86	3	11	9	28	16	24	20	19	13	64	4	0	1	1	6	8	0	6	12	10	9	23	19	20	11	24	31
Assets held by special purpose entities
50	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
54	44	50	51	51	39	43	50	53	35	-	-	-	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion related party notes and advances receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	2	3	2	2	2	2	2	2	14	14	1	1	-	-	0	-	-
Other current assets
93	101	79	80	81	92	125	111	109	88	162	132	148	98	133	134	135	159	129	132	124	129	144	158	144	131	129	146	174	114	133	142	142	132	148	149	142	134	137	105
Total current assets
1,307	1,249	1,341	1,353	1,110	976	1,075	1,088	1,044	994	1,125	1,065	1,037	912	946	928	922	1,008	1,080	1,070	1,072	1,139	1,234	1,169	1,114	1,100	1,134	1,123	1,126	1,055	1,147	1,187	1,235	1,285	1,375	1,261	1,188	1,149	1,078	845
Long-term assets
Goodwill
1,522	1,517	1,561	1,522	778	776	785	798	808	785	772	751	747	786	791	798	782	807	810	813	836	880	968	1,028	1,028	998	985	981	996	976	952	973	964	1,002	794	731	697	709	661	592
Other intangible assets, net of amortization
758	776	794	778	77	80	85	90	95	98	86	86	89	110	119	125	126	132	137	143	152	166	169	188	187	185	182	187	195	198	198	211	214	228	241	172	170	173	150	131
Deferred tax assets
14	15	15	14	8	7	10	13	13	10	9	10	8	9	10	13	7	7	26	26	15	20	29	34	29	28	10	9	13	13	64	68	65	75	33	33	31	29	-	25
Assets held by special purpose entities
0	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Related party notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	11	12	12	13	14	15	15	16	17	17	18	19	-	-	0	-	-
Variable Interest Entity, Consolidated, Carrying Amount, Assets
-	-	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50	50
Pension asset
36	35	12	11	11	10	12	12	11	10	28	26	23	22	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease assets
327	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term assets
89	90	98	93	81	100	98	102	100	94	95	93	106	89	92	92	87	91	76	82	101	101	118	118	118	114	114	119	119	118	88	102	94	93	100	118	96	93	100	86
Total long term assets, excluding properties, plants and equipment
2,749	2,487	2,532	2,471	1,007	1,026	1,042	1,068	1,080	1,049	1,043	1,018	1,026	1,068	1,064	1,081	1,054	1,089	1,102	1,116	1,156	1,219	1,347	1,431	1,428	1,389	1,357	1,363	1,390	1,373	1,371	1,424	1,408	1,469	1,240	1,106	1,047	1,057	963	886
Properties, plants and equipment
Timber properties, net of depletion
272	272	272	273	273	274	274	274	277	276	275	275	277	277	278	278	277	277	277	265	267	244	251	230	219	215	215	216	217	217	217	217	217	216	215	215	215	215	215	197
Land
177	178	178	178	96	96	98	100	103	99	100	102	100	99	104	105	101	106	116	116	122	129	133	144	144	141	139	138	140	139	134	140	141	123	126	131	124	121	115	120
Buildings
528	531	527	526	435	431	426	435	443	428	406	391	386	398	389	409	400	410	409	415	424	459	480	493	490	496	503	501	504	464	453	461	455	480	446	447	419	411	374	380
Machinery and equipment
1,877	1,866	1,907	1,884	1,577	1,554	1,555	1,553	1,564	1,540	1,488	1,487	1,468	1,484	1,463	1,470	1,427	1,457	1,438	1,412	1,458	1,502	1,510	1,550	1,511	1,522	1,479	1,497	1,496	1,472	1,375	1,385	1,365	1,388	1,491	1,383	1,325	1,319	1,195	1,148
Capital projects in progress
174	170	168	158	111	117	105	104	90	80	109	101	93	91	98	90	86	78	126	116	106	97	137	135	139	128	139	123	119	149	174	167	166	140	131	129	129	112	135	70
Properties, plants and equipment, gross
3,029	3,018	3,055	3,021	2,494	2,474	2,459	2,468	2,478	2,424	2,379	2,358	2,326	2,351	2,333	2,353	2,292	2,329	2,368	2,325	2,378	2,433	2,512	2,553	2,505	2,504	2,477	2,477	2,478	2,443	2,355	2,373	2,346	2,347	2,410	2,307	2,214	2,179	2,036	1,917
Accumulated depreciation
1,364	1,327	1,377	1,336	1,311	1,282	1,277	1,279	1,275	1,236	1,210	1,217	1,191	1,179	1,160	1,155	1,106	1,112	1,135	1,092	1,099	1,124	1,143	1,158	1,115	1,107	1,075	1,071	1,051	1,018	960	954	925	913	1,023	962	922	888	861	825
Properties, plants and equipment, net
1,664	1,690	1,678	1,685	1,183	1,191	1,181	1,189	1,203	1,188	1,168	1,141	1,135	1,171	1,173	1,198	1,185	1,217	1,233	1,233	1,278	1,308	1,369	1,395	1,389	1,397	1,402	1,406	1,426	1,425	1,394	1,418	1,421	1,434	1,387	1,345	1,291	1,291	1,175	1,092
Total assets
5,721	5,426	5,552	5,510	3,300	3,194	3,299	3,346	3,328	3,232	3,336	3,225	3,199	3,153	3,183	3,207	3,162	3,315	3,415	3,420	3,507	3,667	3,951	3,996	3,932	3,886	3,894	3,893	3,942	3,853	3,913	4,030	4,065	4,188	4,003	3,713	3,527	3,498	3,217	2,823
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable
389	435	458	473	377	403	409	395	378	399	394	369	332	372	340	326	292	355	357	357	392	471	448	432	365	431	433	425	392	466	461	441	394	493	465	412	372	467	380	335
Accrued payroll and employee benefits
100	142	125	107	78	114	110	95	76	111	99	79	75	93	90	72	69	83	85	77	72	102	98	90	75	103	91	88	75	96	76	76	62	99	99	90	71	90	72	74
Restructuring reserves
9	11	11	7	3	4	5	6	4	5	7	8	6	10	14	12	14	21	16	9	5	4	4	6	4	3	3	3	6	8	7	8	16	19	14	18	18	20	17	15
Current portion of long-term debt
83	83	83	83	18	18	15	15	15	15	16	15	-	0	300	317	22	30	24	25	20	17	17	15	12	10	10	10	10	25	21	18	15	12	-12	12	12	12	20	17
Short-term borrowings
5	9	8	6	6	7	5	8	8	14	18	35	38	51	55	59	44	40	50	63	58	48	77	70	94	64	65	60	102	76	97	105	110	137	117	105	87	60	50	19
Liabilities held by special purpose entities
43	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of operating lease liabilities
60	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1	2	13	15	15	17	8	8	7	11	10	9	10	8	3	2	4	5	7	7	4	5	-	0
Liabilities held for sale
-	-	-	-	1	-	-	-	-	-	14	17	15	-	0	1	8	1	1	1	1	1	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
131	143	148	130	121	121	134	145	150	142	168	135	151	131	113	119	117	111	148	160	161	189	208	183	170	186	205	185	197	187	166	148	157	164	155	135	121	123	138	99
Total current liabilities
824	825	837	809	606	670	680	667	633	687	719	660	620	659	914	908	570	647	696	710	729	851	869	805	730	809	818	783	795	867	833	802	760	932	872	782	689	781	680	562
Long-term liabilities
Long-term debt
2,719	2,659	2,786	2,851	1,060	884	1,020	1,020	1,010	937	1,033	1,033	1,074	974	758	777	1,112	1,116	1,154	1,127	1,127	1,087	1,228	1,300	1,345	1,207	1,240	1,269	1,305	1,175	1,198	1,286	1,388	1,371	1,255	1,088	1,065	953	948	721
Operating lease liabilities
271	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
312	313	347	349	161	179	149	152	168	217	202	206	203	193	191	192	210	214	210	213	222	219	236	242	251	246	193	193	197	197	207	204	203	196	180	181	183	180	158	161
Pension liabilities
142	177	134	138	81	78	80	159	161	159	159	158	156	179	144	143	142	141	136	132	132	136	83	83	82	82	135	130	129	123	72	72	75	76	54	57	63	65	79	77
Postretirement benefit obligations
12	12	10	11	10	10	11	11	12	12	13	13	13	13	13	13	14	14	15	16	16	17	17	17	17	18	19	19	19	19	21	20	20	20	22	22	22	21	26	25
Liabilities held by special purpose entities
0	43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities
-	-	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43	43
Contingent liabilities and environmental reserves
18	18	18	7	6	6	6	7	8	7	6	6	7	6	9	9	8	8	8	9	23	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mandatorily redeemable noncontrolling interests
8	8	8	8	8	8	8	8	8	9	-	-	-	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term income tax payable
27	27	44	44	48	46	35	35	35	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
144	128	123	86	78	77	71	77	85	78	85	83	82	83	82	82	72	70	57	64	63	64	88	94	86	99	108	116	114	117	188	188	182	206	101	110	113	116	111	126
Total long-term liabilities
3,656	3,388	3,517	3,540	1,498	1,334	1,427	1,516	1,534	1,465	1,545	1,545	1,581	1,504	1,243	1,262	1,602	1,608	1,626	1,606	1,630	1,592	1,697	1,780	1,826	1,697	1,740	1,772	1,808	1,675	1,722	1,815	1,912	1,914	1,658	1,502	1,491	1,381	1,367	1,155
Commitments and contingencies (Note 10)
-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redeemable noncontrolling interests (Note 15)
17	21	22	24	23	35	34	33	33	31	29	33	32	31	32	35	32	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity
Common stock, without par value
162	162	162	162	161	150	150	150	149	144	144	144	142	141	141	141	140	139	139	138	137	135	135	133	132	129	128	127	126	123	121	121	120	113	111	109	108	106	105	96
Treasury stock, at cost
134	134	134	134	134	135	135	135	135	135	135	135	135	135	135	135	130	130	130	130	130	130	130	130	130	131	131	131	131	131	131	131	131	132	120	120	117	117	117	115
Retained earnings
1,548	1,539	1,499	1,460	1,471	1,469	1,453	1,410	1,390	1,360	1,355	1,332	1,320	1,340	1,355	1,334	1,330	1,384	1,396	1,413	1,416	1,411	1,447	1,460	1,448	1,418	1,431	1,421	1,404	1,394	1,415	1,413	1,401	1,376	1,405	1,366	1,340	1,323	1,271	1,206
Accumulated other comprehensive income (loss), net of tax:
Foreign currency translation
-299	-298	-303	-301	-288	-292	-270	-237	-211	-249	-236	-266	-277	-270	-261	-238	-281	-256	-232	-235	-205	-144	-99	-89	-95	-56	-83	-76	-57	-69	-92	-31	-83	-41	44	68	14	0	-19	-6
Derivative financial instruments
-12	-12	-7	-2	7	13	13	11	9	5	4	4	4	0	-	-	-	-	-	-	-	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-1	-1	-1
energy and other derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-	-0	-0
Minimum pension liabilities
101	123	95	97	98	97	96	112	114	114	98	98	100	128	117	120	118	120	124	123	124	129	95	96	95	95	125	125	126	126	96	97	97	101	77	77	76	76	78	79
Total Greif, Inc. shareholders' equity
1,163	1,133	1,120	1,086	1,119	1,107	1,115	1,086	1,087	1,010	1,032	980	955	947	981	982	939	1,015	1,048	1,062	1,094	1,142	1,256	1,277	1,258	1,264	1,219	1,215	1,215	1,191	1,215	1,273	1,208	1,214	1,363	1,346	1,268	1,234	1,159	1,099
Noncontrolling interests
58	58	55	49	52	46	42	42	39	36	10	6	10	10	12	18	18	44	43	41	53	81	127	132	116	115	116	122	123	119	134	138	183	127	109	81	78	101	10	6
Total shareholders' equity
1,222	1,191	1,175	1,136	1,171	1,154	1,157	1,129	1,126	1,047	1,042	986	965	957	994	1,000	958	1,059	1,092	1,103	1,148	1,223	1,384	1,409	1,374	1,379	1,335	1,337	1,338	1,310	1,349	1,411	1,391	1,342	1,473	1,427	1,346	1,335	1,169	1,106
Total liabilities and shareholders' equity
5,721	5,426	5,552	5,510	3,300	3,194	3,299	3,346	3,328	3,232	3,336	3,225	3,199	3,153	3,183	3,207	3,162	3,315	3,415	3,420	3,507	3,667	3,951	3,996	3,932	3,886	3,894	3,893	3,942	3,853	3,913	4,030	4,065	4,188	4,003	3,713	3,527	3,498	3,217	2,823