Equity

12 Months Ended

Jun. 30, 2023

Equity [Abstract]

Equity

Equity

Changes in accumulated other comprehensive (loss) in shareholders' equity by component:

	Foreign Currency Translation Adjustment and Other		Retirement Benefit Plans		Total
Balance June 30, 2021	$	(865,865)	$	(700,862)	$	(1,566,727)
Other comprehensive (loss) income before reclassifications	(290,853)		185,101		(105,752)
Amounts reclassified from accumulated other comprehensive (loss)	7,647		121,634		129,281
Balance June 30, 2022	$	(1,149,071)	$	(394,127)	$	(1,543,198)
Other comprehensive income before reclassifications	187,027		53,172		240,199
Amounts reclassified from accumulated other comprehensive (loss)	—		10,127		10,127
Balance June 30, 2023	$	(962,044)	$	(330,828)	$	(1,292,872)

Significant reclassifications out of accumulated other comprehensive (loss) in shareholders' equity during 2023:

Details about Accumulated Other Comprehensive (Loss) Components	Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)		Consolidated Statement of Income Classification
Retirement benefit plans
Amortization of prior service cost and initial net obligation	$	(931)	Other expense (income), net
Recognized actuarial loss	(15,573)		Other expense (income), net
Divestiture activity	2,480		Other expense (income), net
Total before tax	(14,024)
Tax benefit	3,897
Net of tax	$	(10,127)

Significant reclassifications out of accumulated other comprehensive (loss) in shareholders' equity during 2022:

Details about Accumulated Other Comprehensive (Loss) Components	Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)		Consolidated Statement of Income Classification
Retirement benefit plans
Amortization of prior service cost and initial net obligation	$	(4,111)	Other expense (income), net
Recognized actuarial loss	(156,912)		Other expense (income), net
Total before tax	(161,023)
Tax benefit	39,389
Net of tax	$	(121,634)

Share Repurchases - The Company has a program to repurchase its common shares. On October 22, 2014, the Board of Directors of the Company approved an increase in the overall number of shares authorized to repurchase under the program so that, beginning on such date, the aggregate number of shares authorized for repurchase was 35 million. There is no limitation on the number of shares that can be repurchased in a year. Repurchases may be funded primarily from operating cash flows and commercial paper borrowings and the shares are initially held as treasury shares.

The number of common shares repurchased at the average purchase price follows:

	2023		2022		2021
Shares repurchased	663,599		1,281,818		331,259
Average price per share, including commissions	$	301.39	$	296.71	$	301.88