Business Segment Information

9 Months Ended

Mar. 31, 2022

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				Nine Months Ended
	March 31,				March 31,
	2022		2021*		2022		2021*
Net sales
Diversified Industrial:
North America	$	2,014,715	$	1,758,383	$	5,615,454	$	4,853,371
International	1,439,357		1,388,999		4,214,972		3,777,875
Aerospace Systems	632,315		598,944		1,843,350		1,757,525
Total net sales	$	4,086,387	$	3,746,326	$	11,673,776	$	10,388,771
Segment operating income
Diversified Industrial:
North America	$	413,998	$	336,589	$	1,085,117	$	887,041
International	298,475		274,427		881,206		681,541
Aerospace Systems	119,016		102,303		352,063		279,798
Total segment operating income	831,489		713,319		2,318,386		1,848,380
Corporate general and administrative expenses	57,405		48,089		149,064		123,544
Income before interest expense and other expense	774,084		665,230		2,169,322		1,724,836
Interest expense	63,272		60,830		183,982		189,778
Other expense (income)	276,823		5,060		489,282		(55,348)
Income before income taxes	$	433,989	$	599,340	$	1,496,058	$	1,590,406
*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.