Equity |
Equity
Changes in equity for the three months ended September 30, 2018 and 2017 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Additional Capital | | Retained Earnings | | Accumulated Other Comprehensive (Loss) | | Treasury Shares | | Noncontrolling Interests | | Total Equity | Balance at June 30, 2018 | $ | 90,523 |
| | $ | 496,592 |
| | $ | 11,625,975 |
| | $ | (1,763,086 | ) | | $ | (4,590,138 | ) | | $ | 5,627 |
| | $ | 5,865,493 |
| Impact of adoption of accounting standards |
|
| |
|
| | 1,483 |
| | (1,734 | ) | |
|
| |
|
| | (251 | ) | Net income |
|
| |
|
| | 375,711 |
| |
|
| |
|
| | 188 |
| | 375,899 |
| Other comprehensive income (loss) |
|
| |
|
| |
|
| | (11,163 | ) | |
|
| | (89 | ) | | (11,252 | ) | Dividends paid ($0.76 per share) |
|
| |
|
| | (100,869 | ) | |
|
| |
|
| |
| | (100,869 | ) | Stock incentive plan activity |
|
| | 6,460 |
| |
|
| |
|
| | 21,626 |
| |
|
| | 28,086 |
| Shares purchased at cost |
|
| |
|
| |
|
| |
|
| | (50,000 | ) | |
|
| | (50,000 | ) | Balance at September 30, 2018 | $ | 90,523 |
| | $ | 503,052 |
| | $ | 11,902,300 |
| | $ | (1,775,983 | ) | | $ | (4,618,512 | ) | | $ | 5,726 |
| | $ | 6,107,106 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Additional Capital | | Retained Earnings | | Accumulated Other Comprehensive (Loss) | | Treasury Shares | | Noncontrolling Interests | | Total Equity | Balance at June 30, 2017 | $ | 90,523 |
| | $ | 543,879 |
| | $ | 10,930,348 |
| | $ | (1,924,204 | ) | | $ | (4,378,897 | ) | | $ | 5,697 |
| | $ | 5,267,346 |
| Net income |
|
| |
|
| | 285,397 |
| |
|
| |
|
| | 138 |
| | 285,535 |
| Other comprehensive income (loss) |
|
| |
|
| |
|
| | 99,701 |
| |
|
| | (87 | ) | | 99,614 |
| Dividends paid ($0.66 per share) |
|
| |
|
| | (88,104 | ) | |
|
| |
|
| |
|
| | (88,104 | ) | Stock incentive plan activity |
|
| | (14,923 | ) | |
|
| |
|
| | 31,220 |
| |
| | 16,297 |
| Acquisition activity |
|
| |
|
| |
|
| |
|
| |
|
| | (29 | ) | | (29 | ) | Shares purchased at cost |
|
| |
|
| |
|
| |
|
| | (50,000 | ) | |
| | (50,000 | ) | Balance at September 30, 2017 | $ | 90,523 |
| | $ | 528,956 |
| | $ | 11,127,641 |
| | $ | (1,824,503 | ) | | $ | (4,397,677 | ) | | $ | 5,719 |
| | $ | 5,530,659 |
|
Changes in accumulated other comprehensive (loss) in shareholders' equity by component for the three months ended September 30, 2018 and 2017 are as follows: | | | | | | | | | | | | | | Foreign Currency Translation Adjustment and Other | | Retirement Benefit Plans | | Total | Balance at June 30, 2018 | $ | (943,477 | ) | | $ | (819,609 | ) | | $ | (1,763,086 | ) | Impact of adoption of ASU 2016-01 | (1,734 | ) | | — |
| | (1,734 | ) | Other comprehensive income before reclassifications | (38,614 | ) | | — |
| | (38,614 | ) | Amounts reclassified from accumulated other comprehensive (loss) | 3,578 |
| | 23,873 |
| | 27,451 |
| Balance at September 30, 2018 | $ | (980,247 | ) | | $ | (795,736 | ) | | $ | (1,775,983 | ) |
| | | | | | | | | | | | | | Foreign Currency Translation Adjustment and Other | | Retirement Benefit Plans | | Total | Balance at June 30, 2017 | $ | (925,342 | ) | | $ | (998,862 | ) | | $ | (1,924,204 | ) | Other comprehensive (loss) before reclassifications | 72,966 |
| | — |
| | 72,966 |
| Amounts reclassified from accumulated other comprehensive (loss) | — |
| | 26,735 |
| | 26,735 |
| Balance at September 30, 2017 | $ | (852,376 | ) | | $ | (972,127 | ) | | $ | (1,824,503 | ) |
Significant reclassifications out of accumulated other comprehensive (loss) in shareholders' equity for the three months ended September 30, 2018 and 2017 are as follows: | | | | | | | | Details about Accumulated Other Comprehensive (Loss) Components | | Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss) | Consolidated Statement of Income Classification | | | Three Months Ended | | | | | September 30, 2018 | | | Retirement benefit plans | | | | | Amortization of prior service cost and initial net obligation | | $ | (1,641 | ) | | See Note 12 | Recognized actuarial loss | | (29,297 | ) | | See Note 12 | Total before tax | | (30,938 | ) | |
| Tax benefit | | 7,065 |
| | Income taxes | Net of tax | | $ | (23,873 | ) | |
|
| | | | | | | | Details about Accumulated Other Comprehensive (Loss) Components | | Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss) | Consolidated Statement of Income Classification | | | Three Months Ended | | | | | September 30, 2017 | | | Retirement benefit plans | | | | | Amortization of prior service cost and initial net obligation | | $ | (2,133 | ) | | See Note 12 | Recognized actuarial loss | | (39,036 | ) | | See Note 12 | Total before tax | | (41,169 | ) | | | Tax benefit | | 14,434 |
| | Income taxes | Net of tax | | $ | (26,735 | ) | | |
|