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Equity
 9 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Equity Equity

Changes in equity for the three months ended March 31, 2020 and 2019 are as follows:
 
Common Stock
 
Additional Capital
 
Retained Earnings
 
Accumulated Other Comprehensive (Loss)
 
Treasury Shares
 
Noncontrolling
Interests
 
Total Equity
Balance at December 31, 2019
$
90,523

 
$
455,862

 
$
13,094,252

 
$
(1,945,732
)
 
$
(5,364,730
)
 
$
12,326

 
$
6,342,501

Net income


 


 
367,253

 


 


 
116

 
367,369

Other comprehensive income (loss)


 


 


 
(249,730
)
 


 
(960
)
 
(250,690
)
Dividends paid ($0.88 per share)


 


 
(113,214
)
 


 


 
(52
)
 
(113,266
)
Stock incentive plan activity


 
(3,705
)
 


 


 
11,978

 


 
8,273

Acquisition activity


 


 


 


 


 
7

 
7

Shares purchased at cost


 


 


 


 
(46,767
)
 


 
(46,767
)
Balance at March 31, 2020
$
90,523

 
$
452,157

 
$
13,348,291

 
$
(2,195,462
)
 
$
(5,399,519
)
 
$
11,437

 
$
6,307,427



 
Common Stock
 
Additional Capital
 
Retained Earnings
 
Accumulated Other Comprehensive (Loss)
 
Treasury Shares
 
Noncontrolling
Interests
 
Total Equity
Balance at December 31, 2018
$
90,523

 
$
521,854

 
$
12,114,448

 
$
(1,795,497
)
 
$
(5,116,119
)
 
$
5,957

 
$
5,821,166

Net income


 


 
411,248

 


 


 
133

 
411,381

Other comprehensive income (loss)


 


 


 
66,582

 


 
44

 
66,626

Dividends paid ($0.76 per share)


 


 
(98,484
)
 


 


 
(64
)
 
(98,548
)
Stock incentive plan activity


 
7,289

 


 


 
8,134

 

 
15,423

Shares purchased at cost


 


 


 


 
(200,000
)
 

 
(200,000
)
Balance at March 31, 2019
$
90,523

 
$
529,143

 
$
12,427,212

 
$
(1,728,915
)
 
$
(5,307,985
)
 
$
6,070

 
$
6,016,048


Changes in equity for the nine months ended March 31, 2020 and 2019 are as follows:
 
Common Stock
 
Additional Capital
 
Retained Earnings
 
Accumulated Other Comprehensive (Loss)
 
Treasury Shares
 
Noncontrolling
Interests
 
Total Equity
Balance at June 30, 2019
$
90,523

 
$
462,086

 
$
12,777,538

 
$
(2,059,048
)
 
$
(5,309,130
)
 
$
6,183

 
$
5,968,152

Net income


 


 
910,625

 


 


 
383

 
911,008

Other comprehensive income (loss)


 


 


 
(136,414
)
 


 
(972
)
 
(137,386
)
Dividends paid ($2.64 per share)


 


 
(339,872
)
 


 


 
(419
)
 
(340,291
)
Stock incentive plan activity


 
(9,929
)
 


 


 
56,378

 


 
46,449

Acquisition activity


 


 


 


 


 
6,262

 
6,262

Shares purchased at cost


 


 


 


 
(146,767
)
 


 
(146,767
)
Balance at March 31, 2020
$
90,523

 
$
452,157

 
$
13,348,291

 
$
(2,195,462
)
 
$
(5,399,519
)
 
$
11,437

 
$
6,307,427


 
Common Stock
 
Additional Capital
 
Retained Earnings
 
Accumulated Other Comprehensive (Loss)
 
Treasury Shares
 
Noncontrolling
Interests
 
Total Equity
Balance at June 30, 2018
$
90,523

 
$
496,592

 
$
11,625,975

 
$
(1,763,086
)
 
$
(4,590,138
)
 
$
5,627

 
$
5,865,493

Impact of adoption of accounting standards
 
 
 
 
1,483

 
(1,734
)
 
 
 
 
 
(251
)
Net income


 


 
1,098,696

 


 


 
497

 
1,099,193

Other comprehensive income (loss)


 


 


 
35,905

 


 
10

 
35,915

Dividends paid ($2.28 per share)


 


 
(298,942
)
 


 


 
(64
)
 
(299,006
)
Stock incentive plan activity


 
32,551

 


 


 
32,153

 

 
64,704

Shares purchased at cost


 


 


 


 
(750,000
)
 

 
(750,000
)
Balance at March 31, 2019
$
90,523

 
$
529,143

 
$
12,427,212

 
$
(1,728,915
)
 
$
(5,307,985
)
 
$
6,070

 
$
6,016,048


Changes in accumulated other comprehensive (loss) in shareholders' equity by component for the nine months ended March 31, 2020 and 2019 are as follows:
 
Foreign Currency Translation Adjustment and Other
 
Retirement Benefit Plans
 
Total
Balance at June 30, 2019
$
(1,011,656
)
 
$
(1,047,392
)
 
$
(2,059,048
)
Other comprehensive income (loss) before reclassifications
(232,981
)
 
—

 
(232,981
)
Amounts reclassified from accumulated other comprehensive (loss)
—

 
96,567

 
96,567

Balance at March 31, 2020
$
(1,244,637
)
 
$
(950,825
)
 
$
(2,195,462
)


 
Foreign Currency Translation Adjustment and Other
 
Retirement Benefit Plans
 
Total
Balance at June 30, 2018
$
(943,477
)
 
$
(819,609
)
 
$
(1,763,086
)
Impact of adoption of ASU 2016-01
(1,734
)
 
—

 
(1,734
)
Other comprehensive income (loss) before reclassifications
(39,887
)
 
—

 
(39,887
)
Amounts reclassified from accumulated other comprehensive (loss)
3,578

 
72,214

 
75,792

Balance at March 31, 2019
$
(981,520
)
 
$
(747,395
)
 
$
(1,728,915
)



Significant reclassifications out of accumulated other comprehensive (loss) in shareholders' equity for the three and nine months ended March 31, 2020 and 2019 are as follows:
Details about Accumulated Other Comprehensive (Loss) Components
 
Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)
 
Consolidated Statement of Income Classification
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
 
March 31, 2020
 
March 31, 2020
 
 
Retirement benefit plans
 
 
 
 
 
 
Amortization of prior service cost and initial net obligation
 
$
(1,385
)
 
$
(4,152
)
 
Other (income), net
Recognized actuarial loss
 
(41,154
)
 
(123,342
)
 
Other (income), net
Total before tax
 
(42,539
)
 
(127,494
)
 

Tax benefit
 
10,414

 
30,927

 
 
Net of tax
 
$
(32,125
)
 
$
(96,567
)
 


Details about Accumulated Other Comprehensive (Loss) Components
 
Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)
 
Consolidated Statement of Income Classification
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
 
March 31, 2019
 
March 31, 2019
 
 
Retirement benefit plans
 
 
 
 
 
 
Amortization of prior service cost and initial net obligation
 
$
(1,639
)
 
$
(4,932
)
 
Other (income), net
Recognized actuarial loss
 
(29,763
)
 
(89,756
)
 
Other (income), net
Total before tax
 
(31,402
)
 
(94,688
)
 
 
Tax benefit
 
7,588

 
22,474

 
 
Net of tax
 
$
(23,814
)
 
$
(72,214
)