Business Segment Information

3 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Business Segment Information

The Company operates in two reportable business segments: Diversified Industrial and Aerospace Systems. Both segments utilize eight core technologies, including hydraulics, pneumatics, electromechanical, filtration, fluid and gas handling, process control, engineered materials and climate control, to drive superior customer problem solving and value creation.

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 significant 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
	September 30,
	2021		2020*
Net sales
Diversified Industrial:
North America	$	1,793,715	$	1,528,111
International	1,376,436		1,129,251
Aerospace Systems	592,658		573,178
Total net sales	$	3,762,809	$	3,230,540
Segment operating income
Diversified Industrial:
North America	$	333,702	$	268,833
International	291,176		186,901
Aerospace Systems	118,251		86,766
Total segment operating income	743,129		542,500
Corporate general and administrative expenses	49,072		36,735
Income before interest expense and other expense	694,057		505,765
Interest expense	59,350		65,958
Other expense	62,962		26,633
Income before income taxes	$	571,745	$	413,174
*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.