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Pay vs Performance Disclosure
6 Months Ended 12 Months Ended
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Pay vs Performance Disclosure [Table]          
Pay vs Performance [Table Text Block]    

Pay Versus Performance Disclosure

Our executive compensation program is designed to align pay outcomes with annual and long-term business performance and shareholders’ interests. Our program design choices, including the level of pay at risk, the mix of short-term and long-term incentives, the mix of long-term incentive vehicles, the metrics selected, and the rigor of incentive goals, all work together toward this objective.

The Human Resources and Compensation Committee, along with its independent compensation consultant, Mercer, routinely assesses the relationship between our executive compensation program and the financial and total shareholder return (TSR) performance of the company as discussed in the Compensation Discussion and Analysis section of this proxy statement. The results of these analyses have influenced our pay decisions and the evolution of our compensation program to help ensure strong pay and performance alignment.

The new Pay vs. Performance disclosure, as required by the SEC, provides an additional perspective on pay and performance alignment by evaluating the link between “Compensation Actually Paid,” herein referred to as “CAP”, as defined by the SEC, and various measures of market and financial performance.

Pay Versus Performance Table

In accordance with rules adopted by the SEC, we provide the following disclosure regarding executive compensation for our principal executive officers (“PEOs”) and Non-PEO NEOs and Company performance for the fiscal years listed below. The Human Resources and Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.

                                         
Year    Summary
Compensation
Table Total for
Thomas L.
Williams(1)
($)
   Compensation
Actually Paid
to Thomas L.
Williams(1)(2)(3)
($)
   Summary
Compensation
Table Total for
Jennifer A.
Parmentier(1)
($)
   Compensation
Actually Paid
to Jennifer A.
Parmentier(1)(2)(3)
($)
   Average
Summary
Compensation
Table Total
for Non-PEO
NEOs(1)
($)
   Average
Compensation
Actually Paid
to Non-PEO
NEOs(1)(2)(3)
($)
  
Value of Initial Fixed $100
Investment Based on:(4)
Net
Income
($ Millions)
   EPS Growth
Relative to
Peer Group(5)
TSR
($)
   Peer Group
TSR
($)
  
(a) (b) (c) (b) (c) (d) (e) (f) (g) (h) (i)
2023 18,657,423 44,288,911 16,404,346 35,395,261 7,044,646 16,016,277 223.03 164.12 2,083 78th Percentile
2022 18,448,169 14,327,292 5,842,460 5,316,820 138.26 131.12 1,316 28th Percentile(6)
2021 17,034,500 55,284,335 4,631,585 13,265,147 170.00 151.45 1,747 78th Percentile
   
Company Selected Measure Name     EPS Growth Relative to Peer Group    
Named Executive Officers, Footnote [Text Block]    
(1) Thomas L. Williams was our PEO during the period covered by the table through December 31, 2022. Jennifer A. Parmentier was our PEO from January 1, 2023 through the end of the period covered by the table. The individuals comprising the Non-PEO NEOs for each fiscal year presented are listed below.

   
Peer Group Issuers, Footnote [Text Block]    
(4) The Peer Group TSR set forth in this table utilizes the S&P 500 Industrials (Sector) Index (“S&P Industrials Index”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended June 30, 2023. The comparison assumes $100 was invested (with reinvestment of dividends) for the period starting June 30, 2020, through the end of the listed year in the Company and in the S&P Industrials Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
   
Adjustment To PEO Compensation, Footnote [Text Block]    
(3) Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards columns are the totals from the Stock Awards and Option Awards columns set forth in the applicable Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value columns reflect the amounts attributable to any positive Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.

Year     Summary
Compensation Table
Total for Thomas L.
Williams
($)
    Exclusion of Change in
Pension Value for
Thomas L. Williams
($)
    Exclusion of
Stock Awards and
Option Awards for
Thomas L. Williams
($)
      Inclusion of Pension
Service Cost
for Thomas L.
Williams
($)
    Inclusion of
Equity Values
for Thomas L.
Williams
($)
    Compensation Actually
Paid to Thomas L.
Williams
($)
2023 18,657,423 (5,949,240 ) (8,690,068 ) 1,987,286 38,283,510 44,288,911
2022 18,448,169 (3,044,860 ) (10,083,515 ) 1,907,392 7,100,106 14,327,292
2021 17,034,500 (3,344,243 ) (9,069,534 ) 1,990,478 48,673,134 55,284,335

Year     Summary
Compensation Table
Total for Jennifer A.
Parmentier
($)
    Exclusion of Change in
Pension Value for
Jennifer A. Parmentier
($)
    Exclusion of Stock
Awards and Option
Awards for Jennifer A.
Parmentier
($)
    Inclusion of Pension
Service Cost for
Jennifer A. Parmentier
($)
    Inclusion of Equity
Values for Jennifer A.
Parmentier
($)
    Compensation Actually
Paid to Jennifer A.
Parmentier
($)
2023 16,404,346 (11,780,324) 30,771,239 35,395,261

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

Year     Year-End Fair
Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of Year
for Thomas L.
Williams
($)
    Change in Fair
Value from Last Day of
Prior Year to Last Day
of Year of Unvested
Equity Awards for
Thomas L. Williams
($)
    Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year for
Thomas L. Williams
($)
    Change in Fair Value
from Last Day of Prior
Year to Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Thomas L. Williams
($)
    Fair Value at Last Day
of Prior Year of Equity
Awards Forfeited
During Year for
Thomas L. Williams
($)
    Total - Inclusion
of Equity Values
for Thomas L.
Williams
($)
2023 15,356,992 15,835,188 7,091,330 38,283,510
2022 11,250,580 (5,017,567 ) 867,093 7,100,106
2021 18,073,024 19,834,252 10,765,858 48,673,134

Year     Year-End Fair
Value of Equity
Awards Granted
During Year That
Remained
Unvested as of
Last Day of Year
for Jennifer A.
Parmentier
($)
    Change in Fair
Value from Last Day of
Prior Year to Last Day
of Year of Unvested
Equity Awards for
Jennifer A. Parmentier
($)
    Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year for
Jennifer A. Parmentier
($)
    Change in Fair Value
from Last Day of Prior
Year to Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Jennifer A. Parmentier
($)
    Fair Value at Last Day
of Prior Year of Equity
Awards Forfeited
During Year for
Jennifer A. Parmentier
($)
    Total - Inclusion
of Equity Values
for Jennifer A.
Parmentier
($)
2023 25,166,424 4,025,045 1,579,770 30,771,239
   
Non-PEO NEO Average Total Compensation Amount     $ 7,044,646 $ 5,842,460 $ 4,631,585
Non-PEO NEO Average Compensation Actually Paid Amount     $ 16,016,277 5,316,820 13,265,147
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]    
(3) Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards columns are the totals from the Stock Awards and Option Awards columns set forth in the applicable Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value columns reflect the amounts attributable to any positive Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.
Year     Average Summary
 Compensation Table
 Total for Non-PEO
 NEOs
($)
    Average Exclusion of
Change in Pension
 Value for Non-PEO
NEOs
($)
    Average Exclusion of
 Stock Awards and
 Option Awards for
 Non-PEO NEOs
($)
    Average Inclusion of
 Pension Service Cost
 for Non-PEO NEOs
($)
    Average Inclusion of
Equity Values for Non-
PEO NEOs
($)
   
Average Compensation
Actually Paid to Non-
PEO NEOs
($)
2023 7,044,646 (516,053 ) (3,569,094 ) 441,917 12,614,861 16,016,277
2022 5,842,460 (7,901 ) (3,342,637 ) 263,749 2,561,149 5,316,820
2021 4,631,585 (650,832 ) (2,187,866 ) 264,968 11,207,292 13,265,147

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

Year     Average Year-End Fair
Value of Equity
Awards Granted
During Year That
Remained Unvested as
of Last Day of Year for
Non-PEO NEOs
($)
    Average Change in
Fair Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for Non-PEO
NEOs
($)
    Average Vesting-Date
Fair Value of Equity
Awards Granted
During Year that
Vested During Year for
Non-PEO NEOs
($)
    Average Change in
Fair Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for Non-
PEO NEOs
($)
    Average Fair Value at
Last Day of Prior Year
of Equity Awards
Forfeited During Year
for Non-PEO NEOs
($)
    Total - Average
Inclusion of
Equity Values for Non-
PEO NEOs
($)
2023 7,048,322 3,708,465 27,085 1,830,989 12,614,861
2022 3,710,087 (1,403,787 ) 97,772 157,077 2,561,149
2021 3,752,189 4,488,682 401,189 2,565,232 11,207,292
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]    

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and the Company’s cumulative TSR over the three most recently completed fiscal years.

PEO and Average Non-PEO NEO Compensation Actually Paid Versus Company TSR

   
Compensation Actually Paid vs. Net Income [Text Block]    

The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our net income during the three most recently completed fiscal years.

PEO and Average Non-PEO NEO Compensation Actually Paid Versus Net Income

   
Compensation Actually Paid vs. Company Selected Measure [Text Block]    

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our EPS Growth Relative to Peer Group during the three most recently completed fiscal years.

PEO and Average Non-PEO NEO Compensation Actually Paid Versus EPS Growth Relative to Peer Group

   
Total Shareholder Return Vs Peer Group [Text Block]    

The following chart compares our cumulative TSR over the three most recently completed fiscal years to that of the S&P Industrials Index over the same period.

Comparison of Cumulative TSR of Parker-Hannifin Corporation and S&P Industrials Index

   
Tabular List [Table Text Block]    

2023 Performance Measures

Tabular List of Most Important Financial Performance Measures

The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEOs and other NEOs for 2023 to Company performance. The measures in this table are not ranked.

EPS Growth Relative to Peer Group  
Segment Operating Income
Sales Revenue
Cash Flow Margin
Sales Revenue Growth Relative to Peer Group
Average Return on Invested Capital
   
Total Shareholder Return Amount     $ 22,303.00 13,826 17,000.00
Peer Group Total Shareholder Return Amount     16,412 13,112 15,145
Net Income (Loss) Attributable to Parent     $ 2,083,000,000 $ 1,316,000,000 $ 1,747,000,000
Company Selected Measure Amount     78 28 78
Measure [Axis]: 1          
Pay vs Performance Disclosure [Table]          
Measure Name     EPS Growth Relative to Peer Group    
Non-GAAP Measure Description [Text Block]     We determined EPS Growth Relative to Peer Group to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs in 2023. As described in the Compensation Discussion & Analysis, the LTIP Award for the three-year performance period is, in part, based on a comparison of the Company’s EPS growth relative to the Peer Group companies in the aggregate. However, in compliance with SEC guidance, the table above reflects our relative as reported earnings per share performance for each listed fiscal year as compared with the Peer Group companies disclosed in the Compensation Discussion & Analysis. This performance measure may not have been the most important financial performance measure for years 2022 and 2021 and we may determine a different financial performance measure to be the most important financial performance measure in future years.    
Measure [Axis]: 2          
Pay vs Performance Disclosure [Table]          
Measure Name     Segment Operating Income    
Measure [Axis]: 3          
Pay vs Performance Disclosure [Table]          
Measure Name     Sales Revenue    
Measure [Axis]: 4          
Pay vs Performance Disclosure [Table]          
Measure Name     Cash Flow Margin    
Measure [Axis]: 5          
Pay vs Performance Disclosure [Table]          
Measure Name     Sales Revenue Growth Relative to Peer Group    
Measure [Axis]: 6          
Pay vs Performance Disclosure [Table]          
Measure Name     Average Return on Invested Capital    
Exclusionof Changein Pension Valuefor Thomas L Williams [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   $ (5,949,240)   $ (3,044,860) $ (3,344,243)
Exclusionof Stock Awardsand Option Awardsfor Thomas L Williams [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   (8,690,068)   (10,083,515) (9,069,534)
Inclusionof Pension Service Costfor Thomas L Williams [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   1,987,286   1,907,392 1,990,478
Inclusionof Equity Valuesfor Thomas L Williams [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   38,283,510   7,100,106 48,673,134
Exclusionof Changein Pension Valuefor Jennifer A Parmentier [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount $ 0        
Exclusionof Stock Awardsand Option Awardsfor Jennifer A Parmentier [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount (11,780,324)        
Inclusionof Pension Service Costfor Jennifer A Parmentier [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0        
Inclusionof Equity Valuesfor Jennifer A Parmentier [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 30,771,239        
Average Exclusionof Changein Pension Valuefor Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     $ (516,053) (7,901) (650,832)
Average Exclusionof Stock Awardsand Option Awardsfor Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (3,569,094) (3,342,637) (2,187,866)
Average Inclusionof Pension Service Costfor Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     441,917 263,749 264,968
Average Inclusionof Equity Valuesfor Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     12,614,861 2,561,149 11,207,292
Year End Fair Valueof Equity Awards Granted During Year That Remained Unvestedasof Last Dayof Yearfor Thomas L Williams [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   15,356,992   11,250,580 18,073,024
Changein Fair Valuefrom Last Dayof Prior Yearto Last Dayof Yearof Unvested Equity Awardsfor Thomas L Williams [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   15,835,188   (5,017,567) 19,834,252
Vesting Date Fair Valueof Equity Awards Granted During Yearthat Vested During Yearfor Thomas L Williams [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   0   0 0
Changein Fair Valuefrom Last Dayof Prior Yearto Vesting Dateof Unvested Equity Awardsthat Vested During Yearfor Thomas L Williams [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   7,091,330   867,093 10,765,858
Fair Valueat Last Dayof Prior Yearof Equity Awards Forfeited During Yearfor Thomas L Williams [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount   0   0 0
Year End Fair Valueof Equity Awards Granted During Year That Remained Unvestedasof Last Dayof Yearfor Jennifer A Parmentier [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 25,166,424        
Changein Fair Valuefrom Last Dayof Prior Yearto Last Dayof Yearof Unvested Equity Awardsfor Jennifer A Parmentier [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 4,025,045        
Vesting Date Fair Valueof Equity Awards Granted During Yearthat Vested During Yearfor Jennifer A Parmentier [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0        
Changein Fair Valuefrom Last Dayof Prior Yearto Vesting Dateof Unvested Equity Awardsthat Vested During Yearfor Jennifer A Parmentier [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 1,579,770        
Fair Valueat Last Dayof Prior Yearof Equity Awards Forfeited During Yearfor Jennifer A Parmentier [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 0        
Average Year End Fair Valueof Equity Awards Granted During Year That Remained Unvestedasof Last Dayof Yearfor Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     7,048,322 3,710,087 3,752,189
Average Changein Fair Valuefrom Last Dayof Prior Yearto Last Dayof Yearof Unvested Equity Awardsfor Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     3,708,465 (1,403,787) 4,488,682
Average Vesting Date Fair Valueof Equity Awards Granted During Yearthat Vested During Yearfor Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     27,085 97,772 401,189
Average Changein Fair Valuefrom Last Dayof Prior Yearto Vesting Dateof Unvested Equity Awardsthat Vested During Yearfor Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     1,830,989 157,077 2,565,232
Average Fair Valueat Last Dayof Prior Yearof Equity Awards Forfeited During Yearfor Non P E O N E Os [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     $ 0 0 0
Summary Compensation Table Totalfor Thomas L Williams [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount   18,657,423   18,448,169 17,034,500
Compensation Actually Paidto Thomas L Williams [Member]          
Pay vs Performance Disclosure [Table]          
PEO Actually Paid Compensation Amount   44,288,911   14,327,292 55,284,335
Summary Compensation Table Totalfor Jennifer A Parmentier [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount 16,404,346    
Compensation Actually Paidto Jennifer A Parmentier [Member]          
Pay vs Performance Disclosure [Table]          
PEO Actually Paid Compensation Amount 35,395,261    
P E O 1 [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount   18,657,423   18,448,169 17,034,500
PEO Actually Paid Compensation Amount   $ 44,288,911   $ 14,327,292 $ 55,284,335
PEO Name   Thomas L. Williams   Thomas L. Williams Thomas L. Williams
P E O 2 [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount 16,404,346        
PEO Actually Paid Compensation Amount $ 35,395,261        
PEO Name Jennifer A. Parmentier