Business Segment Information

9 Months Ended

Mar. 31, 2021

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,
	2021		2020		2021		2020
Net sales
Diversified Industrial:
North America	$	1,758,383	$	1,775,578	$	4,853,371	$	5,016,035
International	1,388,999		1,182,273		3,777,875		3,408,207
Aerospace Systems	598,944		744,581		1,757,525		2,110,675
Total net sales	$	3,746,326	$	3,702,432	$	10,388,771	$	10,534,917
Segment operating income
Diversified Industrial:
North America	$	336,589	$	279,628	$	887,041	$	766,159
International	274,427		176,954		681,541		499,343
Aerospace Systems	102,303		127,440		279,798		371,459
Total segment operating income	713,319		584,022		1,848,380		1,636,961
Corporate general and administrative expenses	48,089		48,342		123,544		132,904
Income before interest expense and other expense	665,230		535,680		1,724,836		1,504,057
Interest expense	60,830		80,765		189,778		233,612
Other expense (income)	7,048		758		(54,101)		128,386
Income before income taxes	$	597,352	$	454,157	$	1,589,159	$	1,142,059