Income Taxes (Tables)

12 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes was derived from the following sources:

	2013		2012		2011
United States	$	653,622	$	810,150	$	681,910
Foreign	657,379		766,548		731,811
	$	1,311,001	$	1,576,698	$	1,413,721

Schedule of Components of Income Tax Expense (Benefit)

Income taxes include the following:

	2013			2012			2011
Federal
Current	$	167,350		$	255,991		$	121,292
Deferred	26,523			(48,252		)	34,136
Foreign
Current	176,739			191,167			193,064
Deferred	(28,472		)	(29		)	(24,229		)
State and local
Current	19,496			30,500			21,500
Deferred	581			(8,171		)	10,808
	$	362,217		$	421,206		$	356,571

Schedule of Effective Income Tax Rate Reconciliation

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

	2013		2012		2011
Statutory Federal income tax rate	35.0	%	35.0	%	35.0	%
State and local income taxes	1.0		0.9		1.8
Foreign tax rate difference	(5.8	)	(5.8	)	(8.7	)
Cash surrender value of life insurance	(0.7	)	0.1		(0.9	)
Federal manufacturing deduction	(1.0	)	(1.6	)	(0.9	)
Research tax credit	(1.1	)	(0.4	)	(1.1	)
Other	0.2		(1.5	)	—
Effective income tax rate	27.6	%	26.7	%	25.2	%

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:

	2013			2012
Retirement benefits	$	535,260		$	751,676
Other liabilities and reserves	113,257			134,358
Long-term contracts	26,714			27,726
Stock-based incentive compensation	59,274			70,129
Loss carryforwards	286,180			175,571
Unrealized currency exchange gains and losses	14,639			9,057
Inventory	15,570			18,535
Foreign tax credit carryforward	25,195			19,079
Depreciation and amortization	(527,860		)	(480,791		)
Valuation allowance	(273,413		)	(176,079		)
Net deferred tax asset	$	274,816		$	549,261
Change in net deferred tax asset:
Provision for deferred tax	$	1,368		$	56,452
Items of other comprehensive (loss)	(194,746		)	319,352
Acquisitions and other	(81,067		)	(16,160		)
Total change in net deferred tax	$	(274,445	)	$	359,644

Summary of Income Tax Contingencies

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

	2013			2012			2011
Balance July 1	$	109,735		$	81,156		$	82,089
Additions for tax positions related to current year	10,285			66,500			8,398
Additions for tax positions of prior years	10,719			11,047			10,015
Reductions for tax positions of prior years	(20,683		)	(23,456		)	(15,060		)
Reductions for settlements	(4,266		)	(23,434		)	(7,133		)
Reductions for expiration of statute of limitations	(437		)	(1,636		)	—
Effect of foreign currency translation	2,087			(442		)	2,847
Balance June 30	$	107,440		$	109,735		$	81,156