Business Segment Information

6 Months Ended

Dec. 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				Six Months Ended
	December 31,				December 31,
	2020		2019		2020		2019
Net sales
Diversified Industrial:
North America	$	1,566,877	$	1,615,852	$	3,094,988	$	3,240,457
International	1,259,625		1,147,084		2,388,876		2,225,934
Aerospace Systems	585,403		735,038		1,158,581		1,366,094
Total net sales	$	3,411,905	$	3,497,974	$	6,642,445	$	6,832,485
Segment operating income
Diversified Industrial:
North America	$	281,619	$	211,339	$	550,452	$	486,531
International	220,213		153,816		407,114		322,389
Aerospace Systems	90,729		121,039		177,495		244,019
Total segment operating income	592,561		486,194		1,135,061		1,052,939
Corporate general and administrative expenses	38,720		35,660		75,455		84,562
Income before interest expense and other expense	553,841		450,534		1,059,606		968,377
Interest expense	62,990		82,891		128,948		152,847
Other (income) expense	(85,661)		112,897		(61,149)		127,628
Income before income taxes	$	576,512	$	254,746	$	991,807	$	687,902