Business Segment Information

6 Months Ended

Dec. 31, 2018

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,
	2018		2017		2018		2017
Net sales
Diversified Industrial:
North America	$	1,632,059	$	1,565,416	$	3,313,103	$	3,160,107
International	1,223,679		1,255,569		2,457,445		2,494,343
Aerospace Systems	616,307		549,688		1,180,791		1,080,874
Total net sales	$	3,472,045	$	3,370,673	$	6,951,339	$	6,735,324
Segment operating income
Diversified Industrial:
North America	$	257,774	$	225,807	$	532,885	$	481,834
International	189,085		164,806		395,179		356,597
Aerospace Systems	121,463		87,148		231,318		164,582
Total segment operating income	568,322		477,761		1,159,382		1,003,013
Corporate general and administrative expenses	63,890		46,942		114,215		88,292
Income before interest expense and other expense	504,432		430,819		1,045,167		914,721
Interest expense	47,518		53,133		91,857		106,688
Other expense	25,760		17,465		62,433		73,510
Income before income taxes	$	431,154	$	360,221	$	890,877	$	734,523