Acquisitions and Divestitures (Tables)

12 Months Ended

Jun. 30, 2019

Initial purchase price allocation and subsequent purchase price adjustments for acquisitions

The purchase price allocation for acquisitions in 2017 is as follows:



	2017
Assets:
Accounts receivable	$	263,616
Inventories	302,422
Prepaid expenses	18,342
Deferred income taxes	4,658
Plant and equipment	376,826
Intangible and other assets	1,526,909
Goodwill	2,677,489
	5,170,262
Liabilities:
Notes payable	20,162
Accounts payable, trade	84,753
Accrued payrolls and other compensation	45,942
Accrued domestic and foreign taxes	5,435
Other accrued liabilities	80,515
Long-term debt	296,240
Pensions and other postretirement benefits	33,929
Deferred income taxes	520,389
Other liabilities	11,878
Noncontrolling interests	1,822
	1,101,065
Net assets acquired	$	4,069,197

Business acquisition, pro forma information

The following unaudited pro forma information gives effect to the Company's acquisition of Clarcor as if the acquisition had occurred on July 1, 2015, and Clarcor had been included in the Company's results of operations for 2017.



	2017
Net sales	$	12,935,834
Net income attributable to common shareholders	1,027,693
Diluted earnings per share	7.58