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Business segment information
9 Months Ended
Mar. 31, 2026
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 and gas handling, process control, engineered materials and climate control, to drive superior customer problem solving and value creation.
Diversified Industrial - This 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.
Aerospace Systems - This 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 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 this measure when evaluating performance.  Other segment items are managed on a consolidated basis for the CODM’s review.
Three Months EndedNine Months Ended
 March 31,March 31,
 2026202520262025
Net sales
Diversified Industrial$3,672 $3,389 $10,583 $10,098 
Aerospace Systems1,814 1,571 5,161 4,509 
Total net sales$5,486 $4,960 $15,744 $14,607 
Other Segment Items:(1)
Diversified Industrial$2,847 $2,610 $8,145 $7,825 
Aerospace Systems1,357 1,198 3,850 3,475 
$4,204 $3,808 $11,995 $11,300 
Segment operating income
Diversified Industrial$825 $779 $2,438 $2,273 
Aerospace Systems457 373 1,311 1,034 
Total segment operating income1,282 1,152 3,749 3,307 
Corporate general and administrative expenses53 44 155 149 
Income before interest expense and other expense (income), net1,229 1,108 3,594 3,158 
Interest expense99 96 306 310 
Other expense (income), net11 17 65 (188)
Income before income taxes$1,119 $995 $3,223 $3,036 
(1) Other segment items are primarily comprised of cost of sales; selling, general and administrative expenses; and income related to equity method investments.
Assets
March 31,
2026
June 30,
2025
Diversified Industrial$17,042 $15,953 
Aerospace Systems(1)
12,228 12,218 
Corporate 1,409 1,323 
Total$30,679 $29,494 
(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 ($225 million as of March 31, 2026 and $226 million as of June 30, 2025).
Property AdditionsDepreciationAmortization
Three Months Ended March 31,
202620252026202520262025
Diversified Industrial$80 $59 $60 $55 $71 $61 
Aerospace Systems22 18 25 28 77 75 
Corporate1 11 2  — 
Total$103 $88 $87 $86 $148 $136 
Property AdditionsDepreciationAmortization
Nine Months Ended March 31,
202620252026202520262025
Diversified Industrial$223 $233 $178 $170 $208 $189 
Aerospace Systems56 53 78 84 228 225 
Corporate7 18 8  — 
Total$286 $304 $264 $263 $436 $414