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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Cash Flows From Operating Activities      
Net Income [1] $ 1,746,861 $ 1,202,332 [2] $ 1,525,083 [3]
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 269,943 252,899 [2] 225,675 [2]
Amortization 325,447 284,632 [2] 210,514 [2]
Stock incentive plan compensation 121,483 111,375 [2] 104,078 [2]
Deferred income taxes (51,500) 12,290 [2] 36,435 [2]
Foreign currency transaction (gain) loss (10,948) (10,018) [2] 5,888 [2]
(Gain) loss on sale of property, plant and equipment (109,332) (1,850) [2] 5,091 [2]
Loss on sale of businesses 0 0 [2] 5,854 [2]
Gain on sale and impairment of investments (12,616) (2,084) [2] (16,749) [2]
(Gain) loss on marketable securities (11,570) (587) [2] 7,563 [2]
Other 14,424 17,984 [2] 0 [2]
Changes in assets and liabilities, net of effects from acquisitions:      
Accounts receivable (298,511) 578,853 [2] 2,452 [2]
Inventories (85,597) 206,937 [2] (67,867) [2]
Prepaid expenses and other (25,508) (9,312) [2] (33,335) [2]
Other assets (8,779) (23,547) [2] 2,677 [2]
Accounts payable, trade 526,781 (370,765) [2] (12,397) [2]
Accrued payrolls and other compensation 72,412 (62,715) [2] 2,088 [2]
Accrued domestic and foreign taxes 36,552 30,918 [2] (30,593) [2]
Other accrued liabilities 11,397 (148,531) [2] 16,698 [2]
Pensions and other postretirement benefits 17,875 55,522 [2] (168,368) [2]
Other liabilities 46,187 (53,384) [2] (90,647) [2]
Net cash provided by operating activities 2,575,001 2,070,949 [2] 1,730,140 [2]
Cash Flows From Investing Activities      
Acquisitions (net of cash acquired of $82,192 in 2020 and $690 in 2019) 0 (5,076,064) [2] (2,042) [2]
Capital expenditures (209,957) (232,591) [2] (195,089) [2]
Proceeds from sale of property, plant and equipment 140,590 26,345 [2] 46,592 [2]
Proceeds from sale of businesses 0 0 [2] 19,678 [2]
Purchase of marketable securities and other investments (34,809) (194,742) [2] (181,780) [2]
Maturities and sales of marketable securities and other investments 79,419 275,483 [2] 74,908 [2]
Other 24,744 177,576 [2] 19,223 [2]
Net cash used in investing activities (13) (5,023,993) [2] (218,510) [2]
Cash Flows From Financing Activities      
Proceeds from exercise of stock options 4,684 2,623 [2] 2,475 [2]
Payments for common shares (218,818) (216,049) [2] (860,052) [2]
Acquisition of noncontrolling interests 0 (1,200) [2] 0 [2]
(Payments of) proceeds from notes payable, net (723,496) 136,744 [2] 48,828 [2]
Proceeds from long-term borrowings 1,213 1,721,211 [2] 2,336,749 [2]
Payments for long-term borrowings (1,211,748) (740,181) [2] (213,226) [2]
Dividends paid (475,174) (453,838) [2] (412,468) [2]
Net cash (used in) provided by financing activities (2,623,339) 449,310 [2] 902,306 [2]
Effect of exchange rate changes on cash 95,954 (30,519) [2] (16,306) [2]
Net increase (decrease) in cash and cash equivalents 47,603 (2,534,253) [2] 2,397,630 [2]
Cash and cash equivalents at beginning of year [2] 685,514 3,219,767 822,137
Cash and cash equivalents at end of year 733,117 685,514 [2] 3,219,767 [2]
Cash paid during the year for:      
Interest 236,979 308,199 [2] 169,378 [2]
Income taxes $ 485,885 $ 307,959 [2] $ 454,699 [2]
[1] *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.
[2] *Years ended June 30, 2020 and 2019 amounts have been adjusted to reflect the change in inventory accounting method, as described in Notes 1 and 7 to the Consolidated Financial Statements.
[3] *Years ended June 30, 2020 and 2019 amounts have been adjusted to reflect the change in inventory accounting method, as described in Notes 1 and 7 to the Consolidated Financial Statements.