Business Segment Information

6 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Business Segment Information

The Company operates in two reportable business segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment includes a significant portion of international operations.

Diversified Industrial - This segment produces a broad range of motion-control and fluid systems and components used in all kinds of manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural and military machinery and equipment and has a significant portion of international operations. Sales are made directly to major original equipment manufacturers (OEMs) and through a broad distribution network to smaller OEMs and the aftermarket.

Aerospace Systems - This segment designs and manufactures products and provides aftermarket support for commercial, business jet, military and general aviation aircraft, missile and spacecraft markets. The Aerospace Systems Segment provides a full range of systems and components for hydraulic, pneumatic and fuel applications.

	Three Months Ended					Six Months Ended
	December 31,					December 31,
	2014		2013			2014		2013
Net sales
Diversified Industrial:
North America	$	1,389,207	$	1,325,402		$	2,861,019	$	2,713,277
International	1,187,400		1,276,851			2,450,897		2,547,646
Aerospace Systems	558,386		503,753			1,093,009		1,071,227
Total net sales	$	3,134,993	$	3,106,006		$	6,404,925	$	6,332,150
Segment operating income
Diversified Industrial:
North America	$	226,888	$	200,628		$	491,124	$	434,826
International	136,525		134,198			326,330		307,608
Aerospace Systems	66,817		45,034			132,166		102,332
Total segment operating income	430,230		379,860			949,620		844,766
Corporate general and administrative expenses	51,360		46,819			106,804		94,029
Income before interest expense and other expense	378,870		333,041			842,816		750,737
Interest expense	27,645		20,851			48,606		41,809
Other expense (income)	7,959		(183,126		)	54,309		(110,478		)
Income before income taxes	$	343,266	$	495,316		$	739,901	$	819,406