Business Segment Information

6 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Business Segment Information

The Company operates in two reportable business segments: Diversified Industrial and Aerospace Systems.

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,
	2016			2015		2016		2015
Net sales
Diversified Industrial:
North America	$	1,121,053		$	1,160,774	$	2,288,024	$	2,447,104
International	1,005,968			992,464		2,020,891		2,030,911
Aerospace Systems	543,783			552,352		1,105,020		1,096,923
Total net sales	$	2,670,804		$	2,705,590	$	5,413,935	$	5,574,938
Segment operating income
Diversified Industrial:
North America	$	184,013		$	153,581	$	384,624	$	366,329
International	127,517			95,367		264,713		224,662
Aerospace Systems	72,516			81,764		145,797		155,767
Total segment operating income	384,046			330,712		795,134		746,758
Corporate general and administrative expenses	43,926			31,210		74,960		84,261
Income before interest expense and other expense	340,120			299,502		720,174		662,497
Interest expense	33,444			34,297		67,592		70,057
Other (income) expense	(14,046		)	35,325		39,615		86,911
Income before income taxes	$	320,722		$	229,880	$	612,967	$	505,529