Acquisitions and divestitures (Tables)

9 Months Ended

Mar. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of preliminary estimated fair values of assets acquired and liabilities assumed on the acquisition date

The following table presents the preliminary estimated fair values of Meggitt's assets acquired and liabilities assumed on the Acquisition date. These preliminary estimates are based on available information and will be revised during the measurement period, not to exceed 12 months from the Acquisition date, as third-party valuations are finalized, additional information becomes available and as additional analysis is performed. Such revisions may have a material impact on our results of operations and financial position within the measurement period. During the current-year quarter and nine months ended March 31, 2023, these revisions did not have a material impact on the Consolidated Statement of Income.

	September 12, 2022 (previously reported)		Measurement Period Adjustments		September 12, 2022 (revised)
Assets:
Cash and cash equivalents	$	89,704	$	—	$	89,704
Accounts receivable	427,255		(10,687)		416,568
Inventories	833,602		(16,472)		817,130
Prepaid expenses and other	125,763		(1,525)		124,238
Property, plant and equipment	675,232		(10,071)		665,161
Deferred income taxes	5,720		27,022		32,742
Other assets	219,472		(52,072)		167,400
Intangible assets	5,418,795		27,305		5,446,100
Goodwill	2,830,845		185,440		3,016,285
Total assets acquired	$	10,626,388	$	148,940	$	10,775,328
Liabilities:
Notes payable and long-term debt payable within one year	$	306,266	$	3,288	$	309,554
Accounts payable, trade	219,780		(17)		219,763
Accrued payrolls and other compensation	89,226		(2,204)		87,022
Other accrued liabilities	367,605		(60,339)		307,266
Long-term debt	669,321		40,042		709,363
Pensions and other postretirement benefits	85,899		12,827		98,726
Deferred income taxes	1,274,726		95,626		1,370,352
Other liabilities	377,751		59,717		437,468
Total liabilities assumed	3,390,574		148,940		3,539,514
Net assets acquired	$	7,235,814	$	—	$	7,235,814

Unaudited pro forma information

The following table presents unaudited pro forma information for the three and nine months ended March 31, 2023 and 2022 as if the Acquisition had occurred on July 1, 2021.

	Three Months Ended				Nine Months Ended
(Unaudited)	March 31,				March 31,
	2023		2022		2023		2022
Net sales	$	5,061,665	$	4,549,854	$	14,350,581	$	13,189,507
Net income attributable to common shareholders	612,049		424,025		1,244,907		977,102