Subsequent Events (Notes)

12 Months Ended

Jun. 30, 2020

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 22 — SUBSEQUENT EVENTS

The Company evaluated subsequent events after June 30, 2020 through the date these financial statements were issued and has determined there have been no subsequent events for which disclosure is required, other than as disclosed below.

Effective July 1, 2020, as a result of a change in commercial strategy, organizational structure, and the way performance is assessed and resources are allocated, the Industrial and Widia businesses were combined to form one Metal Cutting business.

The Infrastructure business remains unchanged. The Company will report two reportable segments starting with the first quarter of fiscal 2021: Metal Cutting and Infrastructure.