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Consolidated Balance Sheet - USD ($)
$ in Thousands
Jun. 30, 2021
Jun. 30, 2020
[1]
Current Assets    
Cash and cash equivalents $ 733,117 $ 685,514
Marketable securities and other investments 39,116 70,805
Trade accounts receivable, net 2,183,594 1,854,398
Non-trade and notes receivable 326,315 244,870
Inventories 2,090,642 1,964,195
Prepaid expenses and other 243,966 214,986
Total Current Assets 5,616,750 5,034,768
Property, plant and equipment 6,040,220 5,810,681
Less: Accumulated depreciation 3,773,744 3,517,946
Property, plant and equipment, net 2,266,476 2,292,735
Deferred income taxes 104,251 126,839
Investments and other assets 774,239 764,563
Intangible assets, net 3,519,797 3,798,913
Goodwill 8,059,687 7,869,935
Total Assets 20,341,200 19,887,753
Current Liabilities    
Notes payable and long-term debt payable within one year 2,824 809,529
Accounts payable, trade 1,667,878 1,111,759
Accrued payrolls and other compensation 507,027 424,231
Accrued domestic and foreign taxes 236,384 195,314
Other accrued liabilities 682,390 607,540
Total Current Liabilities 3,096,503 3,148,373
Long-term debt 6,582,053 7,652,256
Pensions and other postretirement benefits 1,055,638 1,887,414
Deferred income taxes 553,981 418,851
Other liabilities 639,355 539,089
Total Liabilities 11,927,530 13,645,983
Shareholders' Equity    
Serial preferred stock, $.50 par value, authorized 3,000,000 shares; none issued 0 0
Common stock, $.50 par value, authorized 600,000,000 shares; issued 181,046,128 shares in 2021 and 2020 90,523 90,523
Additional capital 329,619 416,585
Retained earnings 14,915,497 13,643,907
Accumulated other comprehensive (loss) (1,566,727) (2,558,875)
Treasury shares at cost: 51,900,460 in 2021 and 52,490,165 in 2020 (5,370,605) (5,364,916)
Total Shareholders' Equity 8,398,307 6,227,224
Noncontrolling interests 15,363 14,546
Total Equity [2] 8,413,670 6,241,770
Total Liabilities and Equity $ 20,341,200 $ 19,887,753
[1] *Year ended June 30, 2020 amounts have been adjusted to reflect the change in inventory accounting method, as described in Notes 1 and 7 to the Consolidated Financial Statements.
[2] *The balances at June 30, 2018 and the year ended June 30, 2020 and 2019 amounts have been revised to reflect the change in inventory accounting method, as described in Notes 1 and 7 to the consolidated financial statements.