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Business realignment and acquisition integration charges
 9 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
Business realignment and acquisition integration charges Business realignment and acquisition integration charges
We incurred business realignment and acquisition integration charges in the first nine months of fiscal 2024 and 2023, which 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 fiscal 2024 and 2023, a majority of the business realignment charges were incurred in Europe. 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:
Three Months EndedNine Months Ended
 March 31,March 31,
 2024202320242023
Diversified Industrial$6,953 $8,075 $32,877 $14,464 
Aerospace Systems(12)166 318 3,016 
Other (income) expense, net1,527 — 2,719 — 
Reductions to our workforce made in connection with such business realignment charges by business segment are as follows:
Three Months EndedNine Months Ended
 March 31,March 31,
 2024202320242023
Diversified Industrial143 282 658 499 
Aerospace Systems(1)14 1 30 
The business realignment charges are presented in the Consolidated Statement of Income as follows:
Three Months EndedNine Months Ended
 March 31,March 31,
 2024202320242023
Cost of sales$3,014 $5,033 $18,465 $10,746 
Selling, general and administrative expenses3,927 3,208 14,730 6,734 
Other income, net1,527 — 2,719 — 
During the first nine months of fiscal 2024, approximately $33 million in payments were made relating to business realignment charges. Remaining payments related to business realignment actions of approximately $15 million, a majority of which are expected to be paid by June 30, 2024, 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 actions described above, the timing and amount of which are not known at this time.
We also incurred the following acquisition integration charges:
Three Months EndedNine Months Ended
 March 31,March 31,
 2024202320242023
Diversified Industrial$1,292 $5,395 $3,302 $7,276 
Aerospace Systems11,964 25,849 26,374 69,377 
Charges incurred in fiscal 2024 and 2023 relate to the Acquisition. In both fiscal 2024 and 2023, these charges were primarily included in selling, general and administrative expenses ("SG&A") within the Consolidated Statement of Income.