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Business Segment Information
 12 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
The Company operates in two reportable business segments: Diversified Industrial and Aerospace Systems. Both segments utilize eight core technologies, including hydraulics, pneumatics, electromechanical, filtration, fluid & gas handling, process control, engineered materials, and climate control, to drive superior customer problem solving and value creation.
The Diversified Industrial Segment is an aggregation of several business units that design, manufacture, and provide aftermarket support for highly engineered solutions that create value for customers primarily in aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets around the world. Diversified Industrial Segment products are marketed direct to OEMs and independent distributors through field sales employees. The Diversified Industrial North America businesses have manufacturing plants and distribution networks throughout the United States, Canada and Mexico and primarily service North America. The Diversified Industrial International businesses provide Parker products and services to 40 countries throughout Europe, Asia Pacific, Latin America, the Middle East and Africa.
The Aerospace Systems Segment designs, manufactures and provides aftermarket support for highly engineered airframe and engine solutions for both OEMs and end users. Our components and systems are utilized across commercial transport, defense fixed wing, business jets, regional transport, helicopter and energy applications. Aerospace Systems Segment products are marketed by field sales employees and are sold directly to manufacturers and end users.
The accounting policies of the business segments are the same as those described in the Significant Accounting Policies footnote. The business segment results are prepared on a basis that is consistent with the manner in which the Company’s management disaggregates financial information for internal review and decision-making.
The Company’s Chief Operating Decision Maker (“CODM”) is the Chief Executive Officer.  The CODM uses Segment Operating Income as a measure to assess performance, drive decisions and allocate human and financial capital to our reportable segments.  Annual plan, monthly forecasts and prior year results are continually compared to these measures when evaluating performance.  Other segment items are managed on a consolidated basis for the CODM’s review.
202520242023
Net Sales:
Diversified Industrial$13,665 $14,458 $14,705 
Aerospace Systems6,185 5,472 4,360 
$19,850 $19,930 $19,065 
Other Segment Items:(1)
Diversified Industrial$10,545 $11,282 $11,634 
Aerospace Systems4,744 4,361 3,797 
$15,289 $15,643 $15,431 
Segment Operating Income:
Diversified Industrial$3,120 $3,176 $3,071 
Aerospace Systems1,441 1,111 563 
Total segment operating income4,561 4,287 3,634 
Corporate general and administrative expenses214 218 230 
Income before interest expense and other (income) expense, net4,347 4,069 3,404 
Interest expense409 506 574 
Other (income) expense, net(169)(32)150 
Income before income taxes$4,107 $3,595 $2,680 
(1) Other segment items are primarily comprised of cost of sales; selling, general and administrative expenses; and income related to equity method investments.
AssetsProperty Additions
202520242023202520242023
Diversified Industrial$15,953 $16,174 $15,573 $310 $303 $293 
Aerospace Systems(1)
12,218 12,016 13,661 88 90 81 
Corporate 1,323 1,108 730 37 7 7 
Total$29,494 $29,298 $29,964 $435 $400 $381 
(1) Assets include an investment in a joint venture in which ownership is 50 percent or less and in which the Company does not have operating control (2025 - $226 million; 2024 - $218 million; 2023 - $216 million).
DepreciationAmortization
202520242023202520242023
Diversified Industrial$228 $232 $205 $253 $266 $268 
Aerospace Systems114 108 104 300 312 233 
Corporate12 9 8 — — — 
Total$354 $349 $317 $553 $578 $501 
Geographic Area - Net sales are attributed to countries based on the location of the selling unit. North America includes the United States, Canada and Mexico. No country other than the United States represents greater than 10 percent of consolidated sales. Long-lived assets are comprised of property, plant and equipment based on physical location.
Net SalesLong-Lived Assets
202520242023202520242023
North America$13,406 $13,512 $12,690 $1,874 $1,864 $1,828 
International6,444 6,418 6,375 1,063 1,012 1,037 
Total$19,850 $19,930 $19,065 $2,937 $2,876 $2,865