Business Segment Information

3 Months Ended

Sep. 30, 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
	September 30,
	2020		2019
Net sales
Diversified Industrial:
North America	$	1,528,111	$	1,624,605
International	1,129,251		1,078,850
Aerospace Systems	573,178		631,056
Total net sales	$	3,230,540	$	3,334,511
Segment operating income
Diversified Industrial:
North America	$	268,833	$	275,192
International	186,901		168,573
Aerospace Systems	86,766		122,980
Total segment operating income	542,500		566,745
Corporate general and administrative expenses	36,735		48,902
Income before interest expense and other expense	505,765		517,843
Interest expense	65,958		69,956
Other expense	24,512		14,731
Income before income taxes	$	415,295	$	433,156