Equity

12 Months Ended

Jun. 30, 2021

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, 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)
Other comprehensive income before reclassifications	328,072		502,853		830,925
Amounts reclassified from accumulated other comprehensive (loss)	—		161,223		161,223
Balance June 30, 2021	$	(865,865)	$	(700,862)	$	(1,566,727)

Significant reclassifications out of accumulated other comprehensive (loss) in shareholders' equity during 2021:

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	$	(5,270)	Other (income) expense, net
Recognized actuarial loss	(207,896)		Other (income) expense, net
Total before tax	(213,166)
Tax benefit	51,943
Net of tax	$	(161,223)

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)

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. During 2021, the Company reinitiated the share repurchase program and began repurchasing shares under the program in February 2021.

The number of common shares repurchased at the average purchase price follows:

	2021		2020		2019
Shares repurchased	331,259		818,581		4,755,273
Average price per share including commissions	$	301.88	$	179.29	$	168.23