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Equity
 6 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Equity Equity
Changes in equity for the three months ended December 31, 2025 and 2024 are as follows:
Common StockAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive LossTreasury SharesNoncontrolling
Interests		Total Equity
Balance at September 30, 2025$91 $823 $22,355 $(924)$(8,568)$9 $13,786 
Net income— — 845 — — — 845 
Other comprehensive income— — — 21 — — 21 
Dividends paid ($1.80 per share)
— — (228)— — — (228)
Stock incentive plan activity— (1)— — (28)— (29)
Shares purchased at cost, including excise tax— — — — (75)— (75)
Balance at December 31, 2025$91 $822 $22,972 $(903)$(8,671)$9 $14,320 
Common StockAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive LossTreasury SharesNoncontrolling
Interests		Total Equity
Balance at September 30, 2024$91 $275 $19,593 $(1,090)$(5,977)$9 $12,901 
Net income— — 949 — — — 949 
Other comprehensive loss— — — (445)— (1)(446)
Dividends paid ($1.63 per share)
— — (210)— — — (210)
Stock incentive plan activity— (31)— — 14 — (17)
Shares purchased at cost— — — — (50)— (50)
Balance at December 31, 2024$91 $244 $20,332 $(1,535)$(6,013)$8 $13,127 

Changes in equity for the six months ended December 31, 2025 and 2024 are as follows:
Common StockAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive LossTreasury SharesNoncontrolling
Interests		Total Equity
Balance at June 30, 2025$91 $194 $21,775 $(883)$(7,495)$9 $13,691 
Net income— — 1,653 — — — 1,653 
Other comprehensive loss— — — (20)— — (20)
Dividends paid ($3.60 per share)
— — (456)— — — (456)
Stock incentive plan activity(1)
— 628 — — (622)— 6 
Shares purchased at cost, including excise tax— — — — (554)— (554)
Balance at December 31, 2025$91 $822 $22,972 $(903)$(8,671)$9 $14,320 
(1) During the six months ended December 31, 2025, the Company recorded a $578 million reclassification between Treasury Shares and Additional Paid-in Capital to correct the historical accounting for shares withheld for taxes related to equity compensation issuances. The Company concluded the out-of-period adjustment was not material to the current period or any prior periods.
Common StockAdditional Paid-in CapitalRetained EarningsAccumulated Other Comprehensive LossTreasury SharesNoncontrolling
Interests		Total Equity
Balance at June 30, 2024$91 $264 $19,105 $(1,438)$(5,950)$9 $12,081 
Net income— — 1,647 — — — 1,647 
Other comprehensive loss— — — (97)— (1)(98)
Dividends paid ($3.26 per share)
— — (420)— — — (420)
Stock incentive plan activity— (20)— — 37 — 17 
Shares purchased at cost— — — — (100)— (100)
Balance at December 31, 2024$91 $244 $20,332 $(1,535)$(6,013)$8 $13,127 
Changes in accumulated other comprehensive loss within Parker's shareholders' equity by component are as follows:
Three Months EndedSix Months Ended
December 31,December 31,
2025202420252024
Foreign Currency Translation Adjustment and Other
Beginning balance$(762)$(785)$(717)$(1,130)
Other comprehensive income (loss) before reclassifications20 (441)(29)(102)
Income tax(1)(8)3 (2)
Other comprehensive income (loss), net of tax19 (449)(26)(104)
Ending balance$(743)$(1,234)$(743)$(1,234)
Retirement Benefit Plans
Beginning balance$(162)$(305)$(166)$(308)
Other comprehensive income (loss) before reclassifications— 1 2 — 
Reclassified from accumulated other comprehensive loss:
Amortization of net actuarial loss and other(1)
3 4 6 9 
Tax benefit(1)(1)(2)(2)
Other comprehensive income (loss), net of tax2 4 6 7 
Ending balance$(160)$(301)$(160)$(301)
Total accumulated other comprehensive loss ending balance$(903)$(1,535)$(903)$(1,535)
(1) The amounts reclassified include the amortization of net actuarial loss and amortization of prior service cost. These costs are included in the computation of net periodic benefit cost (income) which is recorded in other income, net. Refer to Note 12 for additional information.
Share repurchase program
On October 22, 2014, the Board of Directors approved a share repurchase program authorizing the repurchase of up to 35.0 million of the Company's common shares. On August 21, 2025, the Board of Directors approved an update to the number of shares available under the Company's existing share repurchase authorization so that the aggregate number of shares available for repurchase as of such date was 20.0 million. There is no limitation on the number of shares that can be repurchased in a fiscal year and there is no expiration date for the program. Repurchases may be funded primarily from operating cash flows and commercial paper borrowings and the shares are initially held as treasury shares.
Under our share repurchase programs, the Company repurchased 0.1 million and 0.1 million shares for $75 million and $50 million during the three months ended December 31, 2025 and 2024, respectively. The Company repurchased 0.7 million and 0.2 million shares for $550 million and $100 million during the six months ended December 31, 2025 and 2024, respectively. As of December 31, 2025, 19.3 million shares remained available under the repurchase authorization.