Equity

Changes in equity for the three months ended March 31, 2018 and 2017 are as follows:



	Shareholders’ Equity			Noncontrolling Interests			Total Equity
Balance at December 31, 2017	$	5,513,401		$	5,809		$	5,519,210
Net income	365,989			141			366,130
Other comprehensive income	118,690			95			118,785
Dividends paid	(88,030		)	(115		)	(88,145		)
Stock incentive plan activity	10,303			—			10,303
Shares purchased at cost	(50,000		)	—			(50,000		)
Balance at March 31, 2018	$	5,870,353		$	5,930		$	5,876,283

	Shareholders’ Equity			Noncontrolling Interests			Total Equity
Balance at December 31, 2016	$	4,527,709		$	3,269		$	4,530,978
Net income	238,673			174			238,847
Other comprehensive income	118,311			301			118,612
Dividends paid	(88,171		)	—			(88,171		)
Stock incentive plan activity	(4,383		)	—			(4,383		)
Acquisition activity	—			1,843			1,843
Shares purchased at cost	(50,000		)	—			(50,000		)
Balance at March 31, 2017	$	4,742,139		$	5,587		$	4,747,726

Changes in equity for the nine months ended March 31, 2018 and 2017 are as follows:



	Shareholders’ Equity			Noncontrolling Interests			Total Equity
Balance at June 30, 2017	$	5,261,649		$	5,697		$	5,267,346
Net income	707,545			442			707,987
Other comprehensive income (loss)	275,166			(64		)	275,102
Dividends paid	(264,217		)	(115		)	(264,332		)
Stock incentive plan activity	40,210			—			40,210
Acquisition activity	—			(30		)	(30		)
Shares purchased at cost	(150,000		)	—			(150,000		)
Balance at March 31, 2018	$	5,870,353		$	5,930		$	5,876,283

	Shareholders’ Equity			Noncontrolling Interests			Total Equity
Balance at June 30, 2016	$	4,575,255		$	3,423		$	4,578,678
Net income	690,107			378			690,485
Other comprehensive income (loss)	(65,068		)	281			(64,787		)
Dividends paid	(256,823		)	(338		)	(257,161		)
Stock incentive plan activity	13,360			—			13,360
Acquisition activity	—			1,843			1,843
Shares purchased at cost	(214,692		)	—			(214,692		)
Balance at March 31, 2017	$	4,742,139		$	5,587		$	4,747,726

9. Equity, cont'd

Changes in accumulated other comprehensive (loss) in shareholders' equity by component for the nine months ended March 31, 2018 and 2017 are as follows:



	Foreign Currency Translation Adjustment and Other			Retirement Benefit Plans			Total
Balance at June 30, 2017	$	(925,342	)	$	(998,862	)	$	(1,924,204	)
Other comprehensive income before reclassifications	194,900			—			194,900
Amounts reclassified from accumulated other comprehensive (loss)	—			80,266			80,266
Balance at March 31, 2018	$	(730,442	)	$	(918,596	)	$	(1,649,038	)



	Foreign Currency Translation Adjustment and Other			Retirement Benefit Plans			Total
Balance at June 30, 2016	$	(844,121	)	$	(1,383,644	)	$	(2,227,765	)
Other comprehensive (loss) before reclassifications	(169,883		)	—			(169,883		)
Amounts reclassified from accumulated other comprehensive (loss)	(1,032		)	105,847			104,815
Balance at March 31, 2017	$	(1,015,036	)	$	(1,277,797	)	$	(2,292,833	)

Significant reclassifications out of accumulated other comprehensive (loss) in shareholders' equity for the three and nine months ended March 31, 2018 and 2017 are as follows:



Details about Accumulated Other Comprehensive (Loss) Components	Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)						Consolidated Statement of Income Classification
	Three Months Ended			Nine Months Ended
	March 31, 2018			March 31, 2018
Retirement benefit plans
Amortization of prior service cost and initial net obligation	$	(1,608	)	$	(5,291	)	See Note 11
Recognized actuarial loss	(35,606		)	(110,566		)	See Note 11
Total before tax	(37,214		)	(115,857		)
Tax benefit	11,996			35,591			Income taxes
Net of tax	$	(25,218	)	$	(80,266	)



Details about Accumulated Other Comprehensive (Loss) Components	Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)						Consolidated Statement of Income Classification
	Three Months Ended			Nine Months Ended
	March 31, 2017			March 31, 2017
Retirement benefit plans
Amortization of prior service cost and initial net obligation	$	(1,735	)	$	(5,202	)	See Note 11
Recognized actuarial loss	(53,727		)	(159,946		)	See Note 11
Total before tax	(55,462		)	(165,148		)
Tax benefit	19,950			59,301			Income taxes
Net of tax	$	(35,512	)	$	(105,847	)