Business Segment Information

6 Months Ended

Dec. 31, 2019

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,
	2019		2018		2019		2018
Net sales
Diversified Industrial:
North America	$	1,615,852	$	1,632,059	$	3,240,457	$	3,313,103
International	1,147,084		1,223,679		2,225,934		2,457,445
Aerospace Systems	735,038		616,307		1,366,094		1,180,791
Total net sales	$	3,497,974	$	3,472,045	$	6,832,485	$	6,951,339
Segment operating income
Diversified Industrial:
North America	$	211,339	$	257,774	$	486,531	$	532,885
International	153,816		189,085		322,389		395,179
Aerospace Systems	121,039		121,463		244,019		231,318
Total segment operating income	486,194		568,322		1,052,939		1,159,382
Corporate general and administrative expenses	35,660		63,890		84,562		114,215
Income before interest expense and other expense	450,534		504,432		968,377		1,045,167
Interest expense	82,891		47,518		152,847		91,857
Other expense	112,897		25,760		127,628		62,433
Income before income taxes	$	254,746	$	431,154	$	687,902	$	890,877