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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 707,987 $ 690,485
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 179,412 142,959
Amortization 171,904 93,584
Share incentive plan compensation 89,571 60,916
Deferred income tax (benefit) expense (89,032) 43,530
Foreign currency transaction loss 16,544 6,204
(Gain) loss on sale of plant and equipment (26,767) 513
(Gain) on sale of businesses 0 (42,994)
(Gain) on sale of marketable securities (1) (1,032)
Loss on sale and impairment of investments 33,759 0
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (225,447) (45,442)
Inventories (144,669) (91,170)
Prepaid expenses (43,202) (1,329)
Other assets (21,292) 1,384
Accounts payable, trade 40,688 101,143
Accrued payrolls and other compensation (50,761) (46,755)
Accrued domestic and foreign taxes 19,928 28,823
Other accrued liabilities (10,594) (21,686)
Pensions and other postretirement benefits 41,097 (140,154)
Other liabilities 215,700 10,314
Net cash provided by operating activities 904,825 789,293
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (net of cash acquired of $157,426 in 2017) 0 (4,067,755)
Capital expenditures (194,307) (145,236)
Proceeds from sale of plant and equipment 64,203 8,452
Proceeds from sale of businesses 0 85,610
Purchases of marketable securities and other investments (78,488) (451,561)
Maturities of marketable securities and other investments 20,260 1,264,721
Other 5,350 (2,590)
Net cash (used in) investing activities (182,982) (3,308,359)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 3,624 2,095
Payments for common shares (202,985) (264,343)
(Payments for) proceeds from notes payable, net (53,923) 447,799
Proceeds from long-term borrowings 1,602 2,614,756
Payments for long-term borrowings (19,514) (374,794)
Dividends (264,332) (257,161)
Net cash (used in) provided by financing activities (535,528) 2,168,352
Effect of exchange rate changes on cash 18,328 (51,376)
Net increase (decrease) in cash and cash equivalents 204,643 (402,090)
Cash and cash equivalents at beginning of year 884,886 1,221,653
Cash and cash equivalents at end of period $ 1,089,529 $ 819,563