Business Segment Information

12 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

By Industry

(Dollars in thousands)	2012		2011		2010
Net Sales:
Industrial:
North America	$	5,041,106	$	4,516,510	$	3,623,460
International	5,034,249		4,917,007		3,811,464
Aerospace	2,102,747		1,921,984		1,744,283
Climate & Industrial Controls	967,840		990,369		813,959
	$	13,145,942	$	12,345,870	$	9,993,166
Segment Operating Income:
Industrial:
North America	$	895,010	$	745,544	$	487,137
International	733,123		754,222		394,089
Aerospace	290,135		247,126		208,002
Climate & Industrial Controls	84,274		76,134		53,452
Total segment operating income	2,002,542		1,823,026		1,142,680
Corporate administration	193,367		163,868		153,965
Income before interest expense and other	1,809,175		1,659,158		988,715
Interest expense	92,790		99,704		103,599
Other expense	139,687		145,733		130,299
Income before income taxes	$	1,576,698	$	1,413,721	$	754,817
Assets:
Industrial	$	7,991,498	$	8,413,552	$	7,309,735
Aerospace	1,033,449		995,026		910,740
Climate & Industrial Controls	704,596		724,966		692,532
Corporate (a)	1,440,739		753,261		997,375
	$	11,170,282	$	10,886,805	$	9,910,382
Property Additions (b):
Industrial	$	211,778	$	147,929	$	95,838
Aerospace	19,651		18,012		21,619
Climate & Industrial Controls	8,094		8,234		6,040
Corporate	8,223		38,495		6,133
	$	247,746	$	212,670	$	129,630
Depreciation:
Industrial	$	171,131	$	186,057	$	200,617
Aerospace	19,395		20,035		20,501
Climate & Industrial Controls	11,722		12,895		14,117
Corporate	8,260		10,251		10,060
	$	210,508	$	229,238	$	245,295

(Dollars in thousands)	2012		2011		2010
By Geographic Area (c)
Net Sales:
North America	$	7,830,517	$	7,151,390	$	5,913,770
International	5,315,425		5,194,480		4,079,396
	$	13,145,942	$	12,345,870	$	9,993,166
Long-Lived Assets:
North America	$	867,159	$	864,287	$	856,782
International	852,809		932,892		841,099
	$	1,719,968	$	1,797,179	$	1,697,881

The accounting policies of the business segments are the same as those described in the Significant Accounting Policies footnote except that the business segment results are prepared on a basis that is consistent with the manner in which the Company’s management disaggregates financial information for internal review and decision-making.

(a) Corporate assets are principally cash and cash equivalents, domestic deferred income taxes, investments, benefit plan assets, headquarters facilities and the major portion of the Company’s domestic data processing equipment.

(b) Includes the value of net plant and equipment at the date of acquisition of acquired companies (2012 - $28,929; 2011 - $5,376; 2010 - $408)

(c) Net sales are attributed to countries based on the location of the selling unit. North America includes the United States, Canada and Mexico. No country other than the United States represents greater than 10 percent of consolidated sales. Long-lived assets are comprised of plant and equipment based on physical location.