Equity (Tables)

3 Months Ended

Sep. 30, 2021

Changes in equity for the three months ended September 30, 2021 and 2020 are as follows:


	Common Stock		Additional Capital		Retained Earnings		Accumulated Other Comprehensive (Loss)		Treasury Shares		Noncontrolling Interests		Total Equity
Balance at June 30, 2021	$	90,523	$	329,619	$	14,915,497	$	(1,566,727)	$	(5,370,605)	$	15,363	$	8,413,670
Net income					451,157						306		451,463

Other comprehensive (loss)							(38,763)				(539)		(39,302)
Dividends paid ($1.03 per share)					(132,855)						(66)		(132,921)
Stock incentive plan activity			29,058						14,211				43,269

Shares purchased at cost									(230,334)				(230,334)
Balance at September 30, 2021	$	90,523	$	358,677	$	15,233,799	$	(1,605,490)	$	(5,586,728)	$	15,064	$	8,505,845


	Common Stock		Additional Capital		Retained Earnings*		Accumulated Other Comprehensive (Loss)		Treasury Shares		Noncontrolling Interests		Total Equity*
Balance at June 30, 2020	$	90,523	$	416,585	$	13,643,907	$	(2,558,875)	$	(5,364,916)	$	14,546	$	6,241,770
Net income					319,803						308		320,111
Other comprehensive income							170,403				431		170,834
Dividends paid ($0.88 per share)					(113,542)								(113,542)
Stock incentive plan activity			11,744						24,967				36,711


Balance at September 30, 2020	$	90,523	$	428,329	$	13,850,168	$	(2,388,472)	$	(5,339,949)	$	15,285	$	6,655,884

*Prior period has been adjusted to reflect the change in inventory accounting method, as described in the Company's fiscal 2021 Annual Report on Form 10-K.

Changes in accumulated other comprehensive income (loss) in shareholders' equity by component

Changes in accumulated other comprehensive (loss) in shareholders' equity by component for the three months ended September 30, 2021 and 2020 are as follows:


	Foreign Currency Translation Adjustment		Retirement Benefit Plans		Total
Balance at June 30, 2021	$	(865,865)	$	(700,862)	$	(1,566,727)
Other comprehensive (loss) before reclassifications	(67,785)		—		(67,785)
Amounts reclassified from accumulated other comprehensive (loss)	—		29,022		29,022
Balance at September 30, 2021	$	(933,650)	$	(671,840)	$	(1,605,490)


	Foreign Currency Translation Adjustment		Retirement Benefit Plans		Total
Balance at June 30, 2020	$	(1,193,937)	$	(1,364,938)	$	(2,558,875)

Other comprehensive income before reclassifications	130,251		—		130,251
Amounts reclassified from accumulated other comprehensive (loss)	—		40,152		40,152
Balance at September 30, 2020	$	(1,063,686)	$	(1,324,786)	$	(2,388,472)

Reclassifications out of accumulated other comprehensive income (loss) in shareholders' equity

Significant reclassifications out of accumulated other comprehensive (loss) in shareholders' equity for the three months ended September 30, 2021 and 2020 are as follows:

Details about Accumulated Other Comprehensive (Loss) Components

Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)

Consolidated Statement of Income Classification

Three Months Ended

September 30, 2021

Retirement benefit plans

Amortization of prior service cost and initial net obligation

(936)

Other expense (income), net

Recognized actuarial loss

(37,503)

Other expense (income), net

Total before tax

(38,439)

Tax benefit

9,417

Net of tax

(29,022)

Details about Accumulated Other Comprehensive (Loss) Components

Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)

Consolidated Statement of Income Classification

Three Months Ended

September 30, 2020

Retirement benefit plans

Amortization of prior service cost and initial net obligation

(818)

Other expense (income), net

Recognized actuarial loss

(52,265)

Other expense (income), net

Total before tax

(53,083)

Tax benefit

12,931

Net of tax

(40,152)