Revenue Recognition (Tables)

12 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

Aerospace Systems Segment revenues by product platform:

	2019
Flight Control Actuation	$	750,311
Fuel and Inerting	634,658
Hydraulics	461,554
Engines	285,292
Fluid Conveyance	299,035
Other	79,927
Total	$	2,510,777

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

	2019
North America	$	9,318,195
Europe	2,968,971
Asia Pacific	1,855,831
Latin America	177,327
Total	$	14,320,324

Diversified Industrial Segment revenues by technology platform:

	2019
Motion Systems	$	3,485,068
Flow and Process Control	4,293,393
Filtration and Engineered Materials	4,031,086
Total	$	11,809,547

Contract assets and liabilities

Total contract assets and contract liabilities are as follows:

	2019
Contract assets, current (included within Prepaid expenses and other)	$	22,726
Contract assets, noncurrent (included within Investments and other assets)	1,301
Total contract assets	24,027
Contract liabilities, current (included within Other accrued liabilities)	(64,668		)
Contract liabilities, noncurrent (included within Other liabilities)	(421		)
Total contract liabilities	(65,089		)
Net contract (liabilities)	$	(41,062	)

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