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Equity (Tables)
6 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Changes in equity
Changes in equity for the three months ended December 31, 2021 and 2020 are as follows:
Common StockAdditional CapitalRetained EarningsAccumulated Other Comprehensive (Loss)Treasury SharesNoncontrolling
Interests
Total Equity
Balance at September 30, 2021$90,523 $358,677 $15,233,799 $(1,605,490)$(5,586,728)$15,064 $8,505,845 
Net income387,600 129 387,729 
Other comprehensive income (loss)60,397 (47)60,350 
Dividends paid ($1.03 per share)
(132,635)(132,635)
Stock incentive plan activity(14,365)13,304 (1,061)
Liquidation activity(1,948)(1,948)
Shares purchased at cost(50,000)(50,000)
Balance at December 31, 2021$90,523 $344,312 $15,488,764 $(1,545,093)$(5,623,424)$13,198 $8,768,280 

Common StockAdditional CapitalRetained Earnings*Accumulated Other Comprehensive (Loss)Treasury SharesNoncontrolling
Interests
Total Equity*
Balance at September 30, 2020$90,523 $428,329 $13,850,168 $(2,388,472)$(5,339,949)$15,285 $6,655,884 
Net income448,351 191 448,542 
Other comprehensive income257,966 846 258,812 
Dividends paid ($0.88 per share)
(113,686)(113,686)
Stock incentive plan activity(43,280)28,713 (14,567)
Balance at December 31, 2020$90,523 $385,049 $14,184,833 $(2,130,506)$(5,311,236)$16,322 $7,234,985 
*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 equity for the six months ended December 31, 2021 and 2020 are as follows:
Common StockAdditional CapitalRetained EarningsAccumulated Other Comprehensive (Loss)Treasury SharesNoncontrolling
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 income838,757 435 839,192 
Other comprehensive income (loss)21,634 (586)21,048 
Dividends paid ($2.06 per share)
(265,490)(66)(265,556)
Stock incentive plan activity14,693 27,515 42,208 
Liquidation activity(1,948)(1,948)
Shares purchased at cost(280,334)(280,334)
Balance at December 31, 2021$90,523 $344,312 $15,488,764 $(1,545,093)$(5,623,424)$13,198 $8,768,280 

Common StockAdditional CapitalRetained Earnings*Accumulated Other Comprehensive (Loss)Treasury SharesNoncontrolling
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 income768,154 499 768,653 
Other comprehensive income428,369 1,277 429,646 
Dividends paid ($1.76 per share)
(227,228)(227,228)
Stock incentive plan activity(31,536)53,680 22,144 
Balance at December 31, 2020$90,523 $385,049 $14,184,833 $(2,130,506)$(5,311,236)$16,322 $7,234,985 
*Prior period has been adjusted to reflect the change in inventory accounting method, as described in the Company's fiscal 2021 Annual Report on Form 10-K.
Changes in accumulated other comprehensive income (loss) in shareholders' equity by component
Changes in accumulated other comprehensive (loss) in shareholders' equity by component for the six months ended December 31, 2021 and 2020 are as follows:
 Foreign Currency Translation AdjustmentRetirement Benefit PlansTotal
Balance at June 30, 2021$(865,865)$(700,862)$(1,566,727)
Other comprehensive (loss) before reclassifications(39,247)— (39,247)
Amounts reclassified from accumulated other comprehensive (loss)— 60,881 60,881 
Balance at December 31, 2021$(905,112)$(639,981)$(1,545,093)


 Foreign Currency Translation AdjustmentRetirement Benefit PlansTotal
Balance at June 30, 2020$(1,193,937)$(1,364,938)$(2,558,875)
Other comprehensive income before reclassifications347,233 — 347,233 
Amounts reclassified from accumulated other comprehensive (loss)— 81,136 81,136 
Balance at December 31, 2020$(846,704)$(1,283,802)$(2,130,506)
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 and six months ended December 31, 2021 and 2020 are as follows:
Details about Accumulated Other Comprehensive (Loss) ComponentsIncome (Expense) Reclassified from Accumulated Other Comprehensive (Loss)Consolidated Statement of Income Classification
Three Months EndedSix Months Ended
December 31, 2021December 31, 2021
Retirement benefit plans
Amortization of prior service cost and initial net obligation
$(1,124)$(2,060)Other expense (income), net
Recognized actuarial loss(41,057)(78,560)Other expense (income), net
Total before tax(42,181)(80,620)
Tax benefit10,322 19,739 
Net of tax$(31,859)$(60,881)

Details about Accumulated Other Comprehensive (Loss) ComponentsIncome (Expense) Reclassified from Accumulated Other Comprehensive (Loss)Consolidated Statement of Income Classification
Three Months EndedSix Months Ended
December 31, 2020December 31, 2020
Retirement benefit plans
Amortization of prior service cost and initial net obligation$(1,420)$(2,238)Other expense (income), net
Recognized actuarial loss(52,763)(105,028)Other expense (income), net
Total before tax(54,183)(107,266)
Tax benefit13,199 26,130 
Net of tax$(40,984)$(81,136)