Business Segment Information

9 Months Ended

Mar. 31, 2015

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					Nine Months Ended
	March 31,					March 31,
	2015			2014		2015		2014
Net sales
Diversified Industrial:
North America	$	1,441,625		$	1,455,212	$	4,302,644	$	4,168,489
International	1,148,248			1,357,513		3,599,145		3,905,159
Aerospace Systems	572,438			545,681		1,665,447		1,616,908
Total net sales	$	3,162,311		$	3,358,406	$	9,567,236	$	9,690,556
Segment operating income
Diversified Industrial:
North America	$	235,516		$	242,998	$	726,640	$	677,824
International	139,473			126,933		465,803		434,541
Aerospace Systems	73,334			63,974		205,500		166,306
Total segment operating income	448,323			433,905		1,397,943		1,278,671
Corporate general and administrative expenses	45,515			38,377		152,319		132,406
Income before interest expense and other expense	402,808			395,528		1,245,624		1,146,265
Interest expense	35,003			20,594		83,609		62,403
Other expense (income)	(20,561		)	45,444		33,748		(65,034		)
Income before income taxes	$	388,366		$	329,490	$	1,128,267	$	1,148,896