Business Segment Information

9 Months Ended

Mar. 31, 2020

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				Nine Months Ended
	March 31,				March 31,
	2020		2019		2020		2019
Net sales
Diversified Industrial:
North America	$	1,775,578	$	1,750,554	$	5,016,035	$	5,063,657
International	1,182,273		1,284,866		3,408,207		3,742,311
Aerospace Systems	744,581		652,098		2,110,675		1,832,889
Total net sales	$	3,702,432	$	3,687,518	$	10,534,917	$	10,638,857
Segment operating income
Diversified Industrial:
North America	$	279,628	$	287,526	$	766,159	$	820,411
International	176,954		208,707		499,343		603,886
Aerospace Systems	127,440		134,789		371,459		366,107
Total segment operating income	584,022		631,022		1,636,961		1,790,404
Corporate general and administrative expenses	48,342		32,802		132,904		147,017
Income before interest expense and other expense	535,680		598,220		1,504,057		1,643,387
Interest expense	80,765		48,209		233,612		140,066
Other expense	758		20,811		128,386		83,244
Income before income taxes	$	454,157	$	529,200	$	1,142,059	$	1,420,077