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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 540,501 $ 480,848
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation 108,420 116,971
Amortization 55,711 53,322
Share incentive plan compensation 44,462 41,331
Deferred income taxes (19,903) 31,121
Foreign currency transaction loss 5,194 9,419
(Gain) on sale of plant and equipment (1,308) (5,244)
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net 70,385 26,609
Inventories (97,873) (129,640)
Prepaid expenses (19,204) 9,844
Other assets (26,907) (35,653)
Accounts payable, trade (67,044) 40,491
Accrued payrolls and other compensation (121,689) (71,122)
Accrued domestic and foreign taxes (78,788) (39,497)
Other accrued liabilities 76,027 (8,056)
Pensions and other postretirement benefits 52,135 (136,394)
Other liabilities 43,297 23,807
Net cash provided by operating activities 563,416 408,157
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisitions (less cash acquired of $6,802 in 2011 and $1 in 2010) (90,545) (43,359)
Capital expenditures (96,897) (109,795)
Proceeds from sale of plant and equipment 11,179 17,243
Other (14,498) (9,369)
Net cash (used in) investing activities (190,761) (145,280)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of stock options 1,833 16,306
(Payments for) common shares (313,544) (30,000)
Tax benefit from share incentive plan compensation 2,964 18,557
(Payments of) notes payable, net (1) (18,908)
Proceeds from long-term borrowings 104 295,714
(Payments of) long-term borrowings (1,192) (257,133)
Dividends (119,031) (90,907)
Net cash (used in) financing activities (428,867) (66,371)
Effect of exchange rate changes on cash (113,270) 36,704
Net (decrease) increase in cash and cash equivalents (169,482) 233,210
Cash and cash equivalents at beginning of year 657,466 575,526
Cash and cash equivalents at end of period $ 487,984 $ 808,736