Revenue recognition (Tables)

3 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Aerospace Systems Segment revenues by product platform:



	Three Months Ended
	September 30, 2018
Flight Control Actuation	$	162,936
Fuel and Inerting	144,046
Hydraulics	102,497
Engines	64,386
Fluid Conveyance	70,204
Other	20,415
Total	$	564,484

Total Company revenues by geographic region based on the Company's selling operation's location:



	Three Months Ended
	September 30, 2018
North America	$	2,246,091
Europe	726,310
Asia Pacific	461,640
Latin America	45,253
Total	$	3,479,294

Diversified Industrial Segment revenues by technology platform:



	Three Months Ended
	September 30, 2018
Motion Systems	$	859,573
Flow and Process Control	1,061,064
Filtration and Engineered Materials	994,173
Total	$	2,914,810

Contract assets and liabilities

Total contract assets and contract liabilities are as follows:



	September 30, 2018
Contract assets, current (included within Prepaid expenses and other)	$	16,634
Contract assets, noncurrent (included within Investments and other assets)	2,098
Total contract assets	18,732
Contract liabilities, current (included within Other accrued liabilities)	(62,520		)
Contract liabilities, noncurrent (included within Other liabilities)	(535		)
Total contract liabilities	(63,055		)
Net contract (liabilities)	$	(44,323	)

Cumulative effect of changes

The cumulative effect of the changes made to the Company’s Consolidated Balance Sheet as of July 1, 2018 related to the adoption of ASU 2014-09 is as follows:



	Balance as of		Cumulative Effect			Balance as of
	June 30, 2018		of Adjustments			July 1, 2018
Assets:
Trade accounts receivable, net	$	2,145,517	$	(11	)	$	2,145,506
Inventories	1,621,304		23,205			1,644,509
Prepaid expenses and other	134,886		14,575			149,461
Investments and other assets	801,049		2,020			803,069
Liabilities:
Other accrued liabilities	$	502,333	$	28,288		$	530,621
Other liabilities	526,089		5,160			531,249
Deferred income taxes	234,858		1,560			236,418
Equity:
Retained earnings	$	11,625,975	$	4,781		$	11,630,756