Business Segment Information

6 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Business Segment Information

The Company operates in two reportable business segments: Diversified Industrial and Aerospace Systems. Both segments utilize eight core technologies, including hydraulics, pneumatics, electromechanical, filtration, fluid and gas handling, process control, engineered materials and climate control, to drive superior customer problem solving and value creation.

Diversified Industrial - This segment produces a broad range of motion-control and fluid systems and components used in all kinds of manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural, and military machinery and equipment and has significant international operations. Sales are made directly to major original equipment manufacturers ("OEMs") and through a broad distribution network to smaller OEMs and the aftermarket.

Aerospace Systems - This segment designs and manufactures products and provides aftermarket support for commercial, business jet, military and general aviation aircraft, missile and spacecraft markets. The Aerospace Systems Segment provides a full range of systems and components for hydraulic, pneumatic and fuel applications.

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2021		2020*		2021		2020*
Net sales
Diversified Industrial:
North America	$	1,807,024	$	1,566,877	$	3,600,739	$	3,094,988
International	1,399,179		1,259,625		2,775,615		2,388,876
Aerospace Systems	618,377		585,403		1,211,035		1,158,581
Total net sales	$	3,824,580	$	3,411,905	$	7,587,389	$	6,642,445
Segment operating income
Diversified Industrial:
North America	$	337,417	$	281,619	$	671,119	$	550,452
International	291,555		220,213		582,731		407,114
Aerospace Systems	114,796		90,729		233,047		177,495
Total segment operating income	743,768		592,561		1,486,897		1,135,061
Corporate general and administrative expenses	42,587		38,720		91,659		75,455
Income before interest expense and other expense	701,181		553,841		1,395,238		1,059,606
Interest expense	61,360		62,990		120,710		128,948
Other expense (income)	149,497		(87,041)		212,459		(60,408)
Income before income taxes	$	490,324	$	577,892	$	1,062,069	$	991,066
*Prior period has been adjusted to reflect the change in inventory accounting method, as described in the Company's fiscal 2021 Annual Report on Form 10-K.