Business Segment Information (Tables)

12 Months Ended

Jun. 30, 2011

Schedule of Segment Reporting Information, by Segment

By Industry

(Dollars in thousands)	2011		2010		2009
Net Sales:
Industrial:
North America	$	4,516,510	$	3,623,460	$	3,734,613
International		4,917,007		3,811,464		3,895,874
Aerospace		1,921,984		1,744,283		1,883,273
Climate & Industrial Controls		990,369		813,959		795,255
	$	12,345,870	$	9,993,166	$	10,309,015
Segment Operating Income:
Industrial:
North America	$	745,544	$	487,137	$	394,923
International		754,222		394,089		350,662
Aerospace		247,126		208,002		261,953
Climate & Industrial Controls		76,134		53,452		(3,737	)
Total segment operating income		1,823,026		1,142,680		1,003,801
Corporate administration		163,868		153,965		152,118
Income before interest expense and other		1,659,158		988,715		851,683
Interest expense		99,704		103,599		112,071
Other expense		145,733		130,299		56,529
Income before income taxes	$	1,413,721	$	754,817	$	683,083
Assets:
Industrial	$	8,413,552	$	7,309,735	$	7,539,504
Aerospace		995,026		910,740		915,155
Climate & Industrial Controls		724,966		692,532		691,423
Corporate (a)		753,261		997,375		709,820
	$	10,886,805	$	9,910,382	$	9,855,902
Property Additions (b):
Industrial	$	147,929	$	95,838	$	346,691
Aerospace		18,012		21,619		21,877
Climate & Industrial Controls		8,234		6,040		6,645
Corporate		38,495		6,133		2,798
	$	212,670	$	129,630	$	378,011
Depreciation:
Industrial	$	186,057	$	200,617	$	205,584
Aerospace		20,035		20,501		20,477
Climate & Industrial Controls		12,895		14,117		16,640
Corporate		10,251		10,060		9,898
	$	229,238	$	245,295	$	252,599

(Dollars in thousands)	2011		2010		2009
By Geographic Area (c)
Net Sales:
North America	$	7,151,390	$	5,913,770	$	6,090,176
International		5,194,480		4,079,396		4,218,839
	$	12,345,870	$	9,993,166	$	10,309,015
Long-Lived Assets:
North America	$	864,287	$	856,782	$	927,318
International		932,892		841,099		953,236
	$	1,797,179	$	1,697,881	$	1,880,554

The accounting policies of the business segments are the same as those described in the Significant Accounting Policies footnote except that 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.

(a) Corporate assets are principally cash and cash equivalents, domestic deferred income taxes, investments, benefit plan assets, headquarters facilities and the major portion of the Company’s domestic data processing equipment.

(b) Includes the value of net plant and equipment at the date of acquisition of acquired companies (2011 - $5,376; 2010 - $408; 2009 - $107,278)

(c) 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 plant and equipment based on physical location.