Acquisitions and Divestitures (Tables)

12 Months Ended

Jun. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Purchase price allocation

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

	September 12, 2022 (previously reported)		Measurement Period Adjustments		September 12, 2022
Assets:
Cash and cash equivalents	$	89,704	$	—	$	89,704
Accounts receivable	427,255		(17,613)		409,642
Inventories	833,602		(94,298)		739,304
Prepaid expenses and other	125,763		(23,731)		102,032
Property, plant and equipment, net	675,232		(16,235)		658,997
Deferred income taxes	5,720		28,478		34,198
Other assets	219,472		(38,481)		180,991
Intangible assets	5,418,795		260,405		5,679,200
Goodwill	2,830,845		(41,765)		2,789,080
Total assets acquired	$	10,626,388	$	56,760	$	10,683,148
Liabilities:
Notes payable and long-term debt payable within one year	$	306,266	$	1,910	$	308,176
Accounts payable, trade	219,780		62		219,842
Accrued payrolls and other compensation	89,226		(2,152)		87,074
Accrued domestic and foreign taxes	—		21,068		21,068
Other accrued liabilities	367,605		(45,565)		322,040
Long-term debt	669,321		42,382		711,703
Pensions and other postretirement benefits	85,899		13,654		99,553
Deferred income taxes	1,274,726		(15,309)		1,259,417
Other liabilities	377,751		40,710		418,461
Total liabilities assumed	3,390,574		56,760		3,447,334
Net assets acquired	$	7,235,814	$	—	$	7,235,814

Unaudited Pro Forma Information

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

(Unaudited)
	2023		2022
Net sales	$	19,446,524	$	17,911,409
Net income attributable to common shareholders	1,956,813		1,529,970