Equity

9 Months Ended

Mar. 31, 2022

Equity [Abstract]

Equity

Equity

Changes in equity for the three months ended March 31, 2022 and 2021 are as follows:

	Common Stock		Additional Capital		Retained Earnings		Accumulated Other Comprehensive (Loss)		Treasury Shares		Noncontrolling Interests		Total Equity
Balance at December 31, 2021	$	90,523	$	344,312	$	15,488,764	$	(1,545,093)	$	(5,623,424)	$	13,198	$	8,768,280
Net income					348,017						71		348,088
Other comprehensive income (loss)							13,833				(276)		13,557
Dividends paid ($1.03 per share)					(132,543)								(132,543)
Stock incentive plan activity			19,055						6,422				25,477
Shares purchased at cost									(50,000)				(50,000)
Balance at March 31, 2022	$	90,523	$	363,367	$	15,704,238	$	(1,531,260)	$	(5,667,002)	$	12,993	$	8,972,859

	Common Stock		Additional Capital		Retained Earnings*		Accumulated Other Comprehensive (Loss)		Treasury Shares		Noncontrolling Interests		Total Equity*
Balance at December 31, 2020	$	90,523	$	385,049	$	14,184,833	$	(2,130,506)	$	(5,311,236)	$	16,322	$	7,234,985
Net income					473,153						86		473,239
Other comprehensive income							(25,784)				(463)		(26,247)
Dividends paid ($0.88 per share)					(113,888)						(218)		(114,106)
Stock incentive plan activity			(10,552)						14,796				4,244
Shares purchased at cost									(50,000)				(50,000)
Balance at March 31, 2021	$	90,523	$	374,497	$	14,544,098	$	(2,156,290)	$	(5,346,440)	$	15,727	$	7,522,115
*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 nine months ended March 31, 2022 and 2021 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					1,186,774						506		1,187,280
Other comprehensive income (loss)							35,467				(862)		34,605
Dividends paid ($3.09 per share)					(398,033)						(66)		(398,099)
Stock incentive plan activity			33,748						33,937				67,685
Liquidation activity											(1,948)		(1,948)
Shares purchased at cost									(330,334)				(330,334)
Balance at March 31, 2022	$	90,523	$	363,367	$	15,704,238	$	(1,531,260)	$	(5,667,002)	$	12,993	$	8,972,859

	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					1,241,307						585		1,241,892
Other comprehensive income							402,585				813		403,398
Dividends paid ($2.64 per share)					(341,116)						(217)		(341,333)
Stock incentive plan activity			(42,088)						68,476				26,388
Shares purchased at cost									(50,000)				(50,000)
Balance at March 31, 2021	$	90,523	$	374,497	$	14,544,098	$	(2,156,290)	$	(5,346,440)	$	15,727	$	7,522,115
*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 (loss) in shareholders' equity by component for the nine months ended March 31, 2022 and 2021 are as follows:

	Foreign Currency Translation Adjustment and Other		Retirement Benefit Plans		Total
Balance at June 30, 2021	$	(865,865)	$	(700,862)	$	(1,566,727)
Other comprehensive (loss) before reclassifications	(63,515)		—		(63,515)
Amounts reclassified from accumulated other comprehensive (loss)	7,647		91,335		98,982
Balance at March 31, 2022	$	(921,733)	$	(609,527)	$	(1,531,260)

	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	281,726		—		281,726
Amounts reclassified from accumulated other comprehensive (loss)	—		120,859		120,859
Balance at March 31, 2021	$	(912,211)	$	(1,244,079)	$	(2,156,290)

Significant reclassifications out of accumulated other comprehensive (loss) in shareholders' equity for the three and nine months ended March 31, 2022 and 2021 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		Nine Months Ended
	March 31, 2022		March 31, 2022
Retirement benefit plans
Amortization of prior service cost and initial net obligation	$	(1,030)	$	(3,090)	Other expense (income), net
Recognized actuarial loss	(39,292)		(117,852)		Other expense (income), net
Total before tax	(40,322)		(120,942)
Tax benefit	9,867		29,607
Net of tax	$	(30,455)	$	(91,335)

Details about Accumulated Other Comprehensive (Loss) Components	Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)				Consolidated Statement of Income Classification
	Three Months Ended		Nine Months Ended
	March 31, 2021		March 31, 2021
Retirement benefit plans
Amortization of prior service cost and initial net obligation	$	(1,304)	$	(3,542)	Other expense (income), net
Recognized actuarial loss	(51,212)		(156,240)		Other expense (income), net
Total before tax	(52,516)		(159,782)
Tax benefit	12,793		38,923
Net of tax	$	(39,723)	$	(120,859)