Income Taxes (Tables)

12 Months Ended

Jun. 30, 2012

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes was derived from the following sources:

	2012		2011		2010
United States	$	810,150	$	681,910	$	354,675
Foreign	766,548		731,811		400,142
	$	1,576,698	$	1,413,721	$	754,817

Schedule of Components of Income Tax Expense (Benefit)

Income taxes include the following:

	2012			2011			2010
Federal
Current	$	255,991		$	121,292		$	84,878
Deferred	(48,252		)	34,136			6,104
Foreign
Current	191,167			193,064			105,927
Deferred	(29		)	(24,229		)	(22,788		)
State and local
Current	30,500			21,500			25,000
Deferred	(8,171		)	10,808			(669		)
	$	421,206		$	356,571		$	198,452

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the Company's effective income tax rate to the statutory Federal rate follows:

	2012		2011		2010
Statutory Federal income tax rate	35.0	%	35.0	%	35.0	%
State and local income taxes	0.9		1.8		2.1
Foreign tax rate difference	(5.8	)	(8.7	)	(7.4	)
Cash surrender of life insurance	0.1		(0.9	)	(1.0	)
Federal manufacturing deduction	(1.6	)	(0.9	)	(0.6	)
Research tax credit	(0.4	)	(1.1	)	(0.7	)
Other	(1.5	)	—		(1.1	)
Effective income tax rate	26.7	%	25.2	%	26.3	%

Schedule of Deferred Tax Assets and Liabilities

The differences comprising the net deferred taxes shown on the Consolidated Balance Sheet at June 30 were as follows:

	2012			2011
Retirement benefits	$	751,676		$	374,005
Other liabilities and reserves	134,358			161,954
Long-term contracts	27,726			7,355
Stock-based incentive compensation	70,129			63,590
Loss carryforwards	175,571			186,613
Unrealized currency exchange gains and losses	9,057			43,484
Inventory	18,535			24,623
Foreign tax credit carryforward	19,079			—
Depreciation and amortization	(480,791		)	(479,103		)
Valuation allowance	(176,079		)	(192,904		)
Net deferred tax asset	$	549,261		$	189,617
Change in net deferred tax asset:
Provision for deferred tax	$	56,452		$	(20,715	)
Items of other comprehensive (loss)	319,352			(131,552		)
Acquisitions and other	(16,160		)	(1,519		)
Total change in net deferred tax	$	359,644		$	(153,786	)

Summary of Income Tax Contingencies

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	2012			2011			2010
Balance July 1	$	81,156		$	82,089		$	132,954
Additions for tax positions related to current year	66,500			8,398			10,815
Additions for tax positions of prior years	11,047			10,015			23,408
Additions for acquisitions	—			—			294
Reductions for tax positions of prior years	(23,456		)	(15,060		)	(64,821		)
Reductions for settlements	(23,434		)	(7,133		)	(21,770		)
Reductions for expiration of statute of limitations	(1,636		)	—			(37		)
Effect of foreign currency translation	(442		)	2,847			1,246
Balance June 30	$	109,735		$	81,156		$	82,089