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Equity
 12 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Equity
Equity
Changes in accumulated other comprehensive (loss) in shareholders' equity by component:
 
Foreign Currency Translation Adjustment and Other
 
Retirement Benefit Plans
 
Total
Balance June 30, 2018
$
(943,477
)
 
$
(819,609
)
 
$
(1,763,086
)
Impact of adoption of ASU 2016-01
(1,734
)
 
—

 
(1,734
)
Other comprehensive (loss) before reclassifications
(70,023
)
 
(325,213
)
 
(395,236
)
Amounts reclassified from accumulated other comprehensive (loss)
3,578

 
97,430

 
101,008

Balance June 30, 2019
$
(1,011,656
)
 
$
(1,047,392
)
 
$
(2,059,048
)
Other comprehensive (loss) before reclassifications
(182,281
)
 
(447,161
)
 
(629,442
)
Amounts reclassified from accumulated other comprehensive (loss)
—

 
129,615

 
129,615

Balance June 30, 2020
$
(1,193,937
)
 
$
(1,364,938
)
 
$
(2,558,875
)

Significant reclassifications out of accumulated other comprehensive (loss) in shareholders' equity during 2020:
Details about Accumulated Other Comprehensive (Loss) Components
 
Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)
 
Consolidated Statement of Income Classification
Retirement benefit plans
 
 
 
 
Amortization of prior service cost and initial net obligation
 
$
(5,531
)
 
Other (income) expense, net
Recognized actuarial loss
 
(165,550
)
 
Other (income) expense, net
Total before tax
 
(171,081
)
 
 
Tax benefit
 
41,466

 

Net of tax
 
$
(129,615
)
 
 
Significant reclassifications out of accumulated other comprehensive (loss) in shareholders' equity during 2019:
Details about Accumulated Other Comprehensive (Loss) Components
 
Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)
 
Consolidated Statement of Income Classification
Retirement benefit plans
 
 
 
 
Amortization of prior service cost and initial net obligation
 
$
(6,552
)
 
Other (income) expense, net
Recognized actuarial loss
 
(121,534
)
 
Other (income) expense, net
Total before tax
 
(128,086
)
 
 
Tax benefit
 
30,656

 

Net of tax
 
$
(97,430
)
 
 

Share Repurchases - The Company has a program to repurchase its common shares. On October 22, 2014, the Board of Directors of the Company approved an increase in the overall number of shares authorized to repurchase under the program so that, beginning on such date, the aggregate number of shares authorized for repurchase was 35 million. There is no limitation on the number of shares that can be repurchased in a year. Repurchases may be funded primarily from operating cash flows and commercial paper borrowings and the shares are initially held as treasury shares. In March 2020, the Company suspended the share repurchase program in response to business uncertainty resulting from the COVID-19 pandemic.
The number of common shares repurchased at the average purchase price follows:
 
2020

 
2019

 
2018

Shares repurchased
818,581

 
4,755,273

 
1,738,234

Average price per share including commissions
$
179.29

 
$
168.23

 
$
172.59