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Retirement Benefits (Tables)
 12 Months Ended
Jun. 30, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Employee Stock Ownership Plan (ESOP) Disclosures
 
2016

 
2015

 
2014

Shares held by ESOP
7,728,332

 
8,407,858

 
8,944,697

Company matching contributions
$
58,922

 
$
63,914

 
$
63,441
Pension Plans, Defined Benefit  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Defined Benefit Plans Disclosures
A summary of the Company's defined benefit pension plans follows:

 
2016

 
2015

 
2014

Benefit cost
 
 
 
 
 
Service cost
$
94,650

 
$
97,960

 
$
99,929

Interest cost
181,469

 
176,556

 
190,999

Special termination cost
7,088

 
21,174

 
—

Settlement cost
5,102

 
—

 
—

Expected return on plan assets
(221,629
)
 
(218,938
)
 
(226,884
)
Amortization of prior service cost
7,470

 
9,437

 
14,644

Amortization of unrecognized actuarial loss
170,407

 
152,664

 
159,584

Amortization of initial net obligation
17

 
17

 
19

Net periodic benefit cost
$
244,574

 
$
238,870

 
$
238,291


 
2016

 
2015

Change in benefit obligation
 
 
 
Benefit obligation at beginning of year
$
4,867,703

 
$
4,749,447

Service cost
94,650

 
97,960

Interest cost
181,469

 
176,556

Special termination cost
7,088

 
21,174

Actuarial loss
487,523

 
237,896

Benefits paid
(230,551
)
 
(261,473
)
Plan amendments
2,992

 
3,033

Foreign currency translation and other
(95,219
)
 
(156,890
)
Benefit obligation at end of year
$
5,315,655

 
$
4,867,703

 
 
 
 
Change in plan assets
 
 
 
Fair value of plan assets at beginning of year
$
3,238,307

 
$
3,499,274

Actual gain on plan assets
97,165

 
51,514

Employer contributions
279,140

 
62,852

Benefits paid
(230,551
)
 
(261,473
)
Foreign currency translation and other
(77,014
)
 
(113,860
)
Fair value of plan assets at end of year
$
3,307,047

 
$
3,238,307

Funded status
$
(2,008,608
)
 
$
(1,629,396
)
Amounts recognized on the Consolidated Balance Sheet
 
 
 
Other accrued liabilities
$
(42,763
)
 
$
(31,206
)
Pensions and other postretirement benefits
(1,965,845
)
 
(1,598,190
)
Net amount recognized
$
(2,008,608
)
 
$
(1,629,396
)
 
 
 
 
Amounts recognized in Accumulated Other Comprehensive (Loss)
 
 
 
Net actuarial loss
$
2,047,103

 
$
1,639,010

Prior service cost
27,723

 
32,126

Transition obligation
103

 
103

Net amount recognized
$
2,074,929

 
$
1,671,239
Schedule of Assumptions Used
The assumptions used to measure net periodic benefit cost for the Company's significant defined benefit plans are:
 
2016

 
2015

 
2014

U.S. defined benefit plans
 
 
 
 
 
Discount rate
4.19
%
 
4.05
%
 
4.52
%
Average increase in compensation
5.14
%
 
5.12
%
 
5.13
%
Expected return on plan assets
7.5
%
 
7.5
%
 
8.0
%
Non-U.S. defined benefit plans
 
 
 
 
 
Discount rate
0.7 to 6.0%

 
0.9 to 4.2%

 
1.5 to 4.59%

Average increase in compensation
2.0 to 5.5%

 
2.0 to 5.0%

 
2.0 to 6.0%

Expected return on plan assets
1.0 to 5.75%

 
1.0 to 6.25%

 
1.0 to 6.25%


The assumptions used to measure the benefit obligation for the Company's significant defined benefit plans are:
 
2016

 
2015

U.S. defined benefit plans
 
 
 
Discount rate
3.33
%
 
4.19
%
Average increase in compensation
5.02
%
 
5.14
%
Non-U.S. defined benefit plans
 
 
 
Discount rate
0.23 to 7.75%

 
0.7 to 6.0%

Average increase in compensation
2.0 to 5.5%

 
2.0 to 5.5%
Schedule of Allocation of Plan Assets and Fair Values
The weighted-average allocation of the majority of the assets related to defined benefit plans is as follows:

 
2016

 
2015

Equity securities
39
%
 
41
%
Debt securities
51
%
 
47
%
Other investments
10
%
 
12
%
 
100
%
 
100
%
 
June 30, 2016
 
Quoted Prices In
 Active Markets
 (Level 1)
 
Significant Other
 Observable Inputs
 (Level 2)
 
Significant
 Unobservable
 Inputs
 (Level 3)
Cash and cash equivalents
$
46,052

 
$
45,474

 
$
578

 
$
—

Equity securities
 
 
 
 
 
 
 
U.S. based companies
292,138

 
292,138

 
—

 
—

Non-U.S. based companies
191,647

 
191,647

 
—

 
—

Fixed income securities
 
 
 
 
 
 
 
Corporate bonds
141,549

 
73,685

 
67,864

 
—

Government issued securities
203,000

 
141,935

 
61,065

 
—

Mutual funds
 
 
 
 
 
 
 
Equity funds
149,807

 
149,807

 
—

 
—

Fixed income funds
151,649

 
151,649

 
—

 
—

     Mutual funds measured at net asset value
246,075

 
 
 
 
 
 
Common/Collective trusts
 
 
 
 
 
 
 
Equity funds
65,404

 
65,404

 
—

 
—

Fixed income funds
43,981

 
43,981

 
—

 
—

     Common/Collective trusts measured at net asset value
1,487,170

 
 
 
 
 
 
Limited Partnerships measured at net asset value
280,248

 
 
 
 
 
 
Miscellaneous
8,327

 
—

 
8,327

 
—

Total at June 30, 2016
$
3,307,047

 
$
1,155,720

 
$
137,834

 
$
—


 
June 30, 2015
 
Quoted Prices In
 Active Markets
 (Level 1)
 
Significant Other
 Observable Inputs
 (Level 2)
 
Significant
 Unobservable
 Inputs
 (Level 3)
Cash and cash equivalents
$
75,015

 
$
75,015

 
$
—

 
$
—

Equity securities

 
 
 
 
 
 
U.S. based companies
299,321

 
299,321

 
—

 
—

Non-U.S. based companies
203,199

 
203,199

 
—

 
—

Fixed income securities
 
 
 
 
 
 
 
Corporate bonds
165,226

 
77,224

 
88,002

 
—

Government issued securities
143,697

 
90,785

 
52,912

 
—

Mutual funds
 
 
 
 
 
 
 
Equity funds
149,383

 
149,383

 
—

 
—

Fixed income funds
135,949

 
135,949

 
—

 
—

     Mutual funds measured at net asset value
5,564

 
 
 
 
 
 
Common/Collective trusts
 
 
 
 
 
 
 
Equity funds
77,429

 
77,429

 
—

 
—

Fixed income funds
46,184

 
46,184

 
—

 
—

     Common/Collective trusts measured at net asset value
1,635,135

 
 
 
 
 
 
Limited Partnerships measured at net asset value
290,904

 
 
 
 
 
 
Miscellaneous
11,301

 
—

 
11,301

 
—

Total at June 30, 2015
$
3,238,307

 
$
1,154,489

 
$
152,215

 
$
—
Other Postretirement Benefit Plans, Defined Benefit  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Defined Benefit Plans Disclosures
The Company recognized $8,754, $4,340 and $4,478 in expense related to other postretirement benefits in 2016, 2015 and 2014, respectively. During 2016, the Company provided enhanced retirement benefits in connection with a plant closure, which resulted in an increase in expense related to other postretirement benefits of $4,521.

 
2016

 
2015

Change in benefit obligation
 
 
 
Benefit obligation at beginning of year
$
75,953

 
$
76,207

Service cost
591

 
632

Interest cost
2,834

 
2,723

Special termination cost
4,521

 
—

Actuarial loss
10,217

 
655

Benefits paid
(4,331
)
 
(4,264
)
Benefit obligation at end of year
$
89,785

 
$
75,953

Funded status
$
(89,785
)
 
$
(75,953
)
 
2016

 
2015

Amounts recognized on the Consolidated Balance Sheet
 
 
 
Other accrued liabilities
$
(6,216
)
 
$
(5,629
)
Pensions and other postretirement benefits
(83,569
)
 
(70,324
)
Net amount recognized
$
(89,785
)
 
$
(75,953
)
 
 
 
 
Amounts recognized in Accumulated Other Comprehensive (Loss)
 
 
 
Net actuarial loss
$
22,914

 
$
13,626

Prior service credit
(556
)
 
(676
)
Net amount recognized
$
22,358

 
$
12,950
Schedule of Assumptions Used
The assumptions used to measure the net periodic benefit cost for postretirement benefit obligations are:
 
2016

 
2015

 
2014

Discount rate
3.96
%
 
3.74
%
 
4.10
%
Current medical cost trend rate (Pre-65 participants)
7.61
%
 
7.75
%
 
7.75
%
Current medical cost trend rate (Post-65 participants)
9.00
%
 
7.75
%
 
7.75
%
Ultimate medical cost trend rate
4.50
%
 
5.00
%
 
5.00
%
Medical cost trend rate decreases to ultimate in year
2025

 
2021

 
2021