CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 105,210	$ 182,015
Accounts receivable, less allowance for doubtful accounts of $10,693 and $10,083, respectively	310,379	379,855
Inventories (Note 10)	522,499	571,576
Other current assets	97,824	57,381
Total current assets	1,035,912	1,190,827
Property, plant and equipment:
Land and buildings	350,138	351,142
Machinery and equipment	1,886,074	1,804,871
Less accumulated depreciation	(1,227,574)	(1,221,118)
Property, plant and equipment, net	1,008,638	934,895
Other assets:
Goodwill (Note 18)	285,826	300,011
Other intangible assets, less accumulated amortization of $130,964 and $158,507, respectively (Note 18)	141,398	160,998
Operating lease right-of-use assets (Note 11)	50,153	0
Deferred income taxes	33,386	20,507
Other	67,720	49,031
Total other assets	578,483	530,547
Total assets	2,623,033	2,656,269
Current liabilities:
Notes payable to banks	2,102	157
Current operating lease liabilities (Note 11)	13,993	0
Accounts payable	173,160	212,908
Accrued income taxes	8,859	29,223
Accrued expenses	45,135	76,616
Other current liabilities	165,861	142,822
Total current liabilities	409,110	461,726
Long-term debt, less current maturities (Note 12)	593,223	592,474
Operating lease liabilities (Note 11)	36,415	0
Deferred income taxes	23,283	23,322
Accrued pension and postretirement benefits	170,918	174,003
Accrued income taxes	9,146	9,038
Other liabilities	33,911	21,002
Total liabilities	1,276,006	1,281,565
Commitments and contingencies
Kennametal Shareholders' Equity:
Preferred stock, no par value; 5,000 shares authorized; none issued	0	0
Capital stock, $1.25 par value; 120,000 shares authorized; 82,894 and 82,421 shares issued, respectively	103,618	103,026
Additional paid-in capital	536,522	528,827
Retained earnings	1,044,247	1,076,862
Accumulated other comprehensive loss	(378,219)	(373,543)
Total Kennametal Shareholders' Equity	1,306,168	1,335,172
Noncontrolling interests	40,859	39,532
Total equity	1,347,027	1,374,704
Total liabilities and equity	$ 2,623,033	$ 2,656,269