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Business Realignment and Acquisition Integration Charges
 12 Months Ended
Jun. 30, 2022
Restructuring and Related Activities [Abstract]  
Business Realignment and Acquisition Integration Charges Business Realignment and Acquisition Integration Charges
The Company incurred business realignment and acquisition integration charges in 2022, 2021 and 2020. During 2021, business realignment charges primarily consisted of actions taken to address the impact of COVID-19 on our business. Such charges were also incurred in 2020, especially within the Aerospace Systems Segment. In 2022, 2021, and 2020 business realignment charges included severance costs related to actions taken under the Company's simplification initiative aimed at reducing organizational and process complexity as well as plant closures. In 2022 and 2021, a majority of the business realignment charges were incurred in Europe. In 2020, a majority of the business realignment charges were incurred in North America. We believe the realignment actions will positively impact future results of operations but will not have a material effect on liquidity and sources and uses of capital.
Business realignment charges by business segment are as follows:
202220212020
Diversified Industrial$13,787 $38,557 $52,288 
Aerospace Systems967 6,680 22,101 
Corporate administration— 1,399 1,175 
Other expense 3 1,226 50 
Workforce reductions in connection with such business realignment charges by business segment are as follows:
202220212020
Diversified Industrial300 820 2,394 
Aerospace Systems10 327 1,254 
Corporate administration— 20 31 

The business realignment charges are presented in the Consolidated Statement of Income as follows:
202220212020
Cost of sales$7,821 $33,746 $58,791 
Selling, general and administrative expenses6,933 12,890 16,773 
Loss on disposal of assets3 1,226 50 
During 2022, approximately $21 million in payments were made relating to business realignment charges. Remaining payments related to current-year and prior-year business realignment actions of approximately $8 million, a majority of which are expected to be paid by March 31, 2023, are primarily reflected within the other accrued liabilities caption in the Consolidated Balance Sheet. Additional charges may be recognized in future periods related to the business realignment and acquisition integration actions described above, the timing and amount of which are not known at this time.
In addition to the business realignment charges discussed above, in 2022, we also incurred $20 million of expense as a result of our exit of business operations in Russia. These charges primarily consist of write-downs of inventory and other working capital items and $8 million of foreign currency translation expense reclassified from accumulated other comprehensive income. Within the business segment information in Note 18, $7 million of expense was recorded in the other expense (income) caption, while the remainder of the charge was split evenly between the Aerospace Systems Segment and the Diversified Industrial International businesses.
We also incurred the following acquisition integration charges related to the Lord, Exotic and proposed Meggitt acquisitions:
 202220212020
Diversified Industrial$3,589 $11,222 $20,669 
Aerospace Systems1,177 719 1,908 
In 2022, acquisition integration planning charges within the Aerospace Systems segment relate to the proposed Meggitt acquisition. In both 2021 and 2020, acquisition integration charges relate to the acquisitions of Lord and Exotic. These charges were primarily included in selling, general and administrative expenses within the Consolidated Statement of Income.