Parker-Hannifin (PH) 10-Q 7 Feb 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
	Dec. 31, 2013
Entity Information [Line Items]	'
Entity Public Float	$11,403,595,331
Document Type	'10-Q
Amendment Flag	'false
Document Period End Date	31-Dec-13
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q2
Trading Symbol	'PH
Entity Registrant Name	'PARKER HANNIFIN CORP
Entity Central Index Key	'0000076334
Current Fiscal Year End Date	'--06-30
Entity Filer Category	'Large Accelerated Filer
Entity Common Stock, Shares Outstanding	149,128,841

Consolidated_Statement_of_Inco

Consolidated Statement of Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Income Statement [Abstract]	'	'	'	'
Net sales	$3,106,006	$3,065,495	$6,332,150	$6,280,430
Cost of sales	2,419,971	2,421,972	4,896,380	4,899,419
Gross profit	686,035	643,523	1,435,770	1,381,011
Selling, general and administrative expenses	398,636	381,100	805,566	762,222
Goodwill and Intangible Asset Impairment	188,870	0	188,870	0
Interest expense	20,851	24,216	41,809	47,725
Other (income), net	-417,638	-24,422	-419,881	-27,623
Income before income taxes	495,316	262,629	819,406	598,687
Income taxes	241,912	81,515	321,682	177,625
Net Income	253,404	181,114	497,724	421,062
Less: Noncontrolling interest in subsidiaries' earnings	116	152	120	359
Net income attributable to common shareholders	$253,288	$180,962	$497,604	$420,703
Earnings per Share Attributable to Common Shareholders (Note 4)	'	'	'	'
Basic earnings per share (in usd per share)	$1.70	$1.21	$3.34	$2.82
Diluted earnings per share (in usd per share)	$1.66	$1.19	$3.28	$2.77
Cash dividends per common share (in usd per share)	$0.45	$0.41	$0.90	$0.82

Consolidated_Statement_of_Comp

Consolidated Statement of Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Net income	$253,404	$181,114	$497,724	$421,062
Less: Noncontrolling interests in subsidiaries' earnings	116	152	120	359
Net income attributable to common shareholders	253,288	180,962	497,604	420,703
Other comprehensive income (loss), foreign currency translation adjustment, net of tax	22,606	57,090	179,840	159,294
Other comprehensive income (loss), retirement benefits plan activity, adjustment, net of tax	27,129	35,540	54,622	67,840
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	51	51	102	102
Other comprehensive income (loss), net of tax	49,786	92,681	234,564	227,236
Less: Other comprehensive income for noncontrolling interests	34	-1,898	-115	-1,524
Other comprehensive income (loss) attributable to common shareholders	49,752	94,579	234,679	228,760
Total comprehensive income attributable to common shareholders	$303,040	$275,541	$732,283	$649,463

Consolidated_Balance_Sheet

Consolidated Balance Sheet (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash and cash equivalents	$2,139,522	$1,781,412
Accounts receivable, net	1,861,849	2,062,745
Inventory, Finished Goods, Net of Reserves	559,536	531,897
Inventories:	'	'
Inventory, Work in Process, Net of Reserves	777,668	733,025
Inventory, Raw Materials, Net of Reserves	111,424	112,483
Inventory, Net, Total	1,448,628	1,377,405
Prepaid expenses	169,262	182,669
Deferred income taxes	125,612	126,955
Total Current Assets	5,744,873	5,531,186
Plant and equipment:	'	'
Plant and Equipment, Gross	5,112,194	4,999,301
Less accumulated depreciation	3,291,882	3,191,061
Plant and Equipment, Net, Total	1,820,312	1,808,240
Other assets	916,505	687,458
Intangible assets, net	1,220,547	1,290,499
Goodwill	3,161,699	3,223,515
Total Assets	12,863,936	12,540,898
Current Liabilities	'	'
Notes payable and long-term debt payable within one year	1,217,292	1,333,826
Accounts payable, trade	1,074,512	1,156,002
Accrued payrolls and other compensation	326,613	426,996
Accrued domestic and foreign taxes	172,204	136,079
Other accrued liabilities	512,482	467,300
Total Current Liabilities	3,303,103	3,520,203
Long-term debt	1,507,019	1,495,960
Pensions and other postretirement benefits	1,303,527	1,372,437
Deferred income taxes	112,561	102,920
Other liabilities	339,440	307,897
Total Liabilities	6,565,650	6,799,417
Shareholders' Equity	'	'
Serial preferred stock, $.50 par value, authorized 3,000,000 shares; none issued	0	0
Common stock, $.50 par value; authorized 600,000,000 shares; issued 181,046,128 shares at March 31 and June 30	90,523	90,523
Additional capital	618,825	608,752
Retained earnings	8,779,454	8,421,270
Accumulated other comprehensive (loss)	-873,154	-1,107,833
Treasury shares, at cost	-2,320,422	-2,274,286
Total Shareholders' Equity	6,295,226	5,738,426
Noncontrolling interests	3,060	3,055
Total Equity	6,298,286	5,741,481
Total Liabilities and Equity	$12,863,936	$12,540,898

Consolidated_Balance_Sheet_Par

Consolidated Balance Sheet (Parenthetical) (USD $)	Dec. 31, 2013	Jun. 30, 2013
Serial preferred stock, par value	$0.50	$0.50
Serial preferred stock, authorized	3,000,000	3,000,000
Serial preferred stock, issued	0	0
Common stock, par value	$0.50	$0.50
Common stock, authorized	600,000,000	600,000,000
Common stock, issued	181,046,128	181,046,128
Treasury shares, shares	31,917,287	31,757,604

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Cash Flows From Operating Activities	'	'
Net income	$497,724	$421,062
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	108,535	106,281
Amortization	61,555	57,546
Stock incentive plan compensation	75,370	46,527
Deferred income taxes	42,131	26,714
Foreign currency transaction loss (gain)	4,451	10,027
(Gain) on sale of plant and equipment	606	-1,828
(Gain) on Sale of Business	0	-12,708
Goodwill and Intangible Asset Impairment	188,870	0
Deconsolidation, Gain (Loss), Amount	-412,612	0
Changes in assets and liabilities, net of effects from acquisitions:	'	'
Accounts receivable, net	222,827	282,950
Inventories	-86,684	-13,429
Prepaid expenses	18,457	-13,950
Other assets	-39,594	-20,667
Accounts payable, trade	-82,302	-166,909
Accrued payrolls and other compensation	-104,977	-144,204
Accrued domestic and foreign taxes	33,730	-68,297
Other accrued liabilities	-105	-54,954
Pensions and other postretirement benefits	86	-110,366
Other liabilities	12,041	3,543
Net cash (used in) provided by operating activities	540,109	347,338
Cash Flows From Investing Activities	'	'
Acquisitions (less cash acquired)	728	-621,716
Capital expenditures	-111,847	-140,221
Proceeds from sale of plant and equipment	8,790	14,173
Proceeds from Divestiture of Businesses	0	68,569
Proceeds from Divestiture of Interest in Consolidated Subsidiaries	202,498	0
Other	-728	-7,765
Net cash (used in) investing activities	99,441	-686,960
Cash Flows From Financing Activities	'	'
Proceeds from exercise of stock options	4,701	18,561
Payments for common shares	-103,707	-157,990
Tax benefit from stock incentive plan compensation	17,222	38,269
Acquisition of noncontrolling interests	0	-1,072
Proceeds from (payments for) notes payable, net	-115,532	270,281
Proceeds from long-term borrowings	141	3,585
Payments for long-term borrowings	-1,443	-105,154
Dividends	-134,718	-123,328
Net cash (used in) financing activities	-333,336	-56,848
Effect of exchange rate changes on cash	51,896	55,788
Net (decrease) in cash and cash equivalents	358,110	-340,682
Cash and cash equivalents at beginning of year	1,781,412	838,317
Cash and cash equivalents at end of period	$2,139,522	$497,635

Consolidated_Statement_of_Cash1

Consolidated Statement of Cash Flows (Parenthetical) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Statement of Cash Flows [Abstract]	'	'
Acquisitions, cash acquired	$0	$33,160

Business_Segment_Information

Business Segment Information	6 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Business Segment Information	'
	Diversified Industrial - This segment produces a broad range of motion-control and fluid systems and components used in all kinds of manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural and military machinery and equipment and has a significant portion of international operations. Sales are made directly to major original equipment manufacturers (OEMs) and through a broad distribution network to smaller OEMs and the aftermarket.
	Aerospace Systems - This segment designs and manufactures products and provides aftermarket support for commercial, business jet, military and general aviation aircraft, missile and spacecraft markets. The Aerospace Systems Segment provides a full range of systems and components for hydraulic, pneumatic and fuel applications.
		Three Months Ended					Six Months Ended
		December 31,					December 31,
		2013			2012		2013			2012
	Net sales
	Diversified Industrial:
	North America	$	1,325,402		$	1,317,380	$	2,713,277		$	2,742,659
	International	1,276,851			1,219,459		2,547,646			2,468,032
	Aerospace Systems	503,753			528,656		1,071,227			1,069,739
	Total	$	3,106,006		$	3,065,495	$	6,332,150		$	6,280,430
	Segment operating income
	Diversified Industrial:
	North America	$	200,628		$	190,431	$	434,826		$	434,506
	International	134,198			125,047		307,608			281,645
	Aerospace Systems	45,034			52,172		102,332			114,070
	Total segment operating income	379,860			367,650		844,766			830,221
	Corporate general and administrative expenses	46,819			45,401		94,029			85,168
	Income before interest expense and other expense	333,041			322,249		750,737			745,053
	Interest expense	20,851			24,216		41,809			47,725
	Other (income) expense	(183,126		)	35,404		(110,478		)	98,641
	Income before income taxes	$	495,316		$	262,629	$	819,406		$	598,687

Management_representation

Management representation	6 Months Ended
	Dec. 31, 2013
Management representation [Abstract]	'
Management representation	'
	Management representation
	In the opinion of the management of the Company, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position as of December 31, 2013, the results of operations for the six months ended December 31, 2013 and 2012 and cash flows for the six months then ended. These financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s 2013 Annual Report on Form 10-K and previously filed fiscal 2014 Form 10-Qs. Interim period results are not necessarily indicative of the results to be expected for the full fiscal year.
	The Company has evaluated subsequent events that have occurred through the date these financial statements were issued. No subsequent events have occurred that required either adjustment to or disclosure in these financial statements.

Product_warranty

Product warranty	6 Months Ended
	Dec. 31, 2013
Product warranty [Abstract]	'
Product Warranty	'
	Product warranty
	In the ordinary course of business, the Company warrants its products against defects in design, materials and workmanship over various time periods. The warranty accrual as of December 31, 2013 and June 30, 2013 is immaterial to the financial position of the Company and the change in the accrual for the current-year quarter and first six months of fiscal 2014 is immaterial to the Company’s results of operations and cash flows.

Earnings_Per_Share

Earnings Per Share	6 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Earnings per share
	The following table presents a reconciliation of the numerator and denominator of basic and diluted earnings per share for the three and six months ended December 31, 2013 and 2012.
		Three Months Ended				Six Months Ended
		December 31,				December 31,
		2013		2012		2013		2012
	Numerator:
	Net income attributable to common shareholders	$	253,288	$	180,962	$	497,604	$	420,703
	Denominator:
	Basic - weighted average common shares	149,153,599		149,001,273		149,195,452		149,143,561
	Increase in weighted average common shares from dilutive effect of equity-based awards	2,997,425		3,197,431		2,547,937		2,874,464
	Diluted - weighted average common shares, assuming exercise of equity-based awards	152,151,024		152,198,704		151,743,389		152,018,025
	Basic earnings per share	$	1.7	$	1.21	$	3.34	$	2.82
	Diluted earnings per share	$	1.66	$	1.19	$	3.28	$	2.77
	For the three months ended December 31, 2013 and 2012, 350,129 and 1,079,590 common shares subject to equity-based awards, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive. For the six months ended December 31, 2013 and 2012, 1,188,562 and 917,305 common shares subject to equity-based awards, respectively, were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive.

Share_repurchase_program

Share repurchase program	6 Months Ended
	Dec. 31, 2013
Share repurchase program [Abstract]	'
Share Repurchase Program	'
	Share repurchase program
	The Company has a program to repurchase its common shares. Under the program, the Company is authorized to repurchase an amount of common shares each fiscal year equal to the greater of 7.5 million shares or five percent of the shares outstanding as of the end of the prior fiscal year. Repurchases are funded primarily from operating cash flows and commercial paper borrowings, and the shares are initially held as treasury stock. During the three-month period ended December 31, 2013, the Company repurchased 441,585 shares at an average price, including commissions, of $114.90 per share. Fiscal year-to-date, the Company repurchased 923,985 shares at an average price, including commissions, of $108.23 per share.

Accounts_receivable_net_Notes

Accounts receivable, net (Notes)	6 Months Ended
	Dec. 31, 2013
Accounts Receivable, Net [Abstract]	'
Accounts receivable, net	'
	Accounts receivable, net
	The accounts receivable, net caption in the Consolidated Balance Sheet is comprised of the following components:
		December 31,			June 30,
		2013			2013
	Accounts receivable, trade	$	1,639,441		$	1,855,644
	Allowance for doubtful accounts	(13,659		)	(14,824		)
	Non-trade accounts receivable	118,391			110,394
	Notes receivable	117,676			111,531
	Total	$	1,861,849		$	2,062,745
	Accounts receivable, trade are initially recorded at their net collectible amount and are generally recorded at the time the revenue from the sales transaction is recorded. Receivables are written off to bad debt primarily when, in the judgment of the Company, the receivable is deemed to be uncollectible due to the insolvency of the debtor.

Charges_Related_to_Business_Re

Charges Related to Business Realignment	6 Months Ended
	Dec. 31, 2013
Restructuring and Related Activities [Abstract]	'
Business Realignment Charges	'
	Business realignment charges
	The Company incurred business realignment charges in fiscal 2014 and fiscal 2013.
	Business realignment charges by business segment are as follows:
		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2013			2012			2013		2012
	Diversified Industrial	$	13,215		$	2,766		$	23,838	$	5,505
	Aerospace Systems	—			—			626		—
	Work force reductions in connection with such business realignment charges by business segment are as follows:
		Three Months Ended					Six Months Ended
		December 31,					December 31,
		2013		2012			2013		2012
	Diversified Industrial	312		196			582		348
	Aerospace Systems	—		—			27		—
	The charges primarily consist of severance costs related to plant closures as well as general work force reductions implemented by various operating units throughout the world. In addition, $257 and $1,331 of fixed asset write-downs were recognized in connection with plant closures in the Diversified Industrial Segment and are reflected in the other (income) expense caption in the Business Segment Information for the three and six months ended December 31, 2013, respectively. During the three months ended December 31, 2012, $1,918 of severance costs for 98 people were recognized in connection with the divestiture of the Turkey refrigeration components business and are reflected in the other (income) expense caption in the Business Segment Information. The Company believes the realignment actions will positively impact future results of operations but will not have a material effect on liquidity and sources and uses of capital.
	6. Business realignment charges, cont'd
	The business realignment charges are presented in the Consolidated Statement of Income as follows:
		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2013			2012			2013		2012
	Cost of sales	$	9,051		$	2,098		$	15,244	$	4,104
	Selling, general and administrative expenses	4,164			668			9,220		1,401
	Other (income), net	257			1,918			1,331		1,918
	As of December 31, 2013, approximately $8.8 million in severance payments have been made relating to charges incurred during fiscal 2014, with the majority of the remaining payments expected to be made by December 31, 2014. All required severance payments have been made relating to charges incurred in fiscal 2013. Additional charges may be recognized in future periods related to the realignment actions described above, the timing and amount of which are not known at this time.

Equity

Equity	6 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Equity	'
	Equity
	Changes in equity for the three months ended December 31, 2013 and 2012 are as follows:
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at September 30, 2013	$	6,086,861			$	2,910			$	6,089,771
	Net income	253,288				116				253,404
	Other comprehensive income	49,752				34				49,786
	Dividends paid	(67,330		)		—				(67,330		)
	Stock incentive plan activity	23,395				—				23,395
	Shares purchased at cost	(50,740		)		—				(50,740		)
	Balance at December 31, 2013	$	6,295,226			$	3,060			$	6,298,286
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at September 30, 2012	$	5,141,124			$	10,890			$	5,152,014
	Net income	180,962				152				181,114
	Other comprehensive income (loss)	94,579				(1,898		)		92,681
	Dividends paid	(61,236		)		(727		)		(61,963		)
	Stock incentive plan activity	17,057				—				17,057
	Acquisition activity	3,231				(5,145		)		(1,914		)
	Shares purchased at cost	(50,000		)		—				(50,000		)
	Balance at December 31, 2012	$	5,325,717			$	3,272			$	5,328,989
	7. Equity, cont'd
	Changes in equity for the six months ended December 31, 2013 and 2012 are as follows:
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at June 30, 2013	$	5,738,426			$	3,055			$	5,741,481
	Net income	497,604				120				497,724
	Other comprehensive income (loss)	234,679				(115		)		234,564
	Dividends paid	(134,718		)		—				(134,718		)
	Stock incentive plan activity	59,235				—				59,235
	Shares purchased at cost	(100,000		)		—				(100,000		)
	Balance at December 31, 2013	$	6,295,226			$	3,060			$	6,298,286
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at June 30, 2012	$	4,896,515			$	9,215			$	4,905,730
	Net income	420,703				359				421,062
	Other comprehensive income (loss)	228,760				(1,524		)		227,236
	Dividends paid	(122,601		)		(727		)		(123,328		)
	Stock incentive plan activity	56,286				—				56,286
	Acquisition activity	3,231				(4,051		)		(820		)
	Shares purchased at cost	(157,177		)		—				(157,177		)
	Balance at December 31, 2012	$	5,325,717			$	3,272			$	5,328,989
	As of July 1, 2013, the Company adopted the provisions of FASB Accounting Standards Update No. 2013-02, "Reporting Amounts Reclassified Out of Accumulated Other Comprehensive Income." As a result of this adoption, the Company has presented the significant items reclassified to net income in their entirety during the period in the table below.
	Changes in accumulated other comprehensive (loss) in shareholder's equity by component:
		Foreign Currency Translation Adjustment				Retirement Benefit Plans				Other			Total
	Balance at June 30, 2013	$	(68,328	)		$	(1,039,072	)		$	(433	)	$	(1,107,833	)
	Other comprehensive income before reclassifications	179,955											179,955
	Amounts reclassified from accumulated other comprehensive (loss)					54,622				102			54,724
	Balance at December 31, 2013	$	111,627			$	(984,450	)		$	(331	)	$	(873,154	)
	7. Equity, cont'd
	Reclassifications out of accumulated other comprehensive (loss) in shareholder's equity:
	Details about Accumulated Other Comprehensive (Loss) Components		Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)								Consolidated Statement of Income Classification
			Three Months Ended				Six Months Ended
			31-Dec-13				31-Dec-13
	Retirement benefit plans
	Amortization of prior service cost and initial net obligation		$	(2,183	)		$	(5,852	)		See Note 9
	Recognized actuarial loss		(40,611		)		(80,379		)		See Note 9
	Total before tax		(42,794		)		(86,231		)
	Tax benefit		15,665				31,609				Income taxes
	Net of tax		$	(27,129	)		$	(54,622	)
	Other
	Realized loss on cash flow hedges		$	(76	)		$	(152	)		Interest expense
	Tax benefit		25				50				Income taxes
Net of tax		$	(51	)		$	(102	)

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	6 Months Ended
	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and intangible assets	'
	Goodwill and intangible assets
	The changes in the carrying amount of goodwill for the six months ended December 31, 2013 are as follows:
		Diversified Industrial			Aerospace		Total
		Segment			Systems
					Segment
	Balance at June 30, 2013	$	3,125,175		$	98,340	$	3,223,515
	Acquisitions	617			—		617
	Impairment	(140,334		)	—		(140,334		)
	Foreign currency translation and other	77,539			362		77,901
	Balance at December 31, 2013	$	3,062,997		$	98,702	$	3,161,699
	Acquisitions primarily represent purchase price adjustments made subsequent to the applicable acquisition dates. The Company’s previously reported results of operations and financial position would not be materially different had the goodwill adjustments recorded during the first six months of fiscal 2014 been reflected in the same reporting period in which the initial purchase price allocations for those acquisitions were made.
	During the second quarter of fiscal 2014, the Company made a decision to restructure and change the strategic direction of its Worldwide Energy Products Division (EPD). The Company calculated the fair value of EPD using assumptions reflecting the Company's updated strategic direction for this reporting unit, the results of which indicated that the carrying value of EPD exceeded its fair value. As a result, the Company estimated the implied fair value of EPD's goodwill, which resulted in a non-cash impairment charge of $140.3 million. The impairment charge is reflected in the goodwill and intangible asset impairment caption in the Consolidated Statement of Income and in the other (income) expense caption in the Business Segment Information. The fair value of EPD was calculated using both a discounted cash flow analysis and estimated fair market values of comparable businesses with each valuation method having equal weight. Fair value calculated using a discounted cash flow analysis is classified within level 3 of the fair value hierarchy and requires several assumptions including a risk-adjusted interest rate and future sales and operating margin levels.
	8. Goodwill and intangible assets, cont'd
	Intangible assets are amortized on the straight-line method over their legal or estimated useful lives. The following summarizes the gross carrying value and accumulated amortization for each major category of intangible assets:
		31-Dec-13					30-Jun-13
		Gross Carrying			Accumulated		Gross Carrying			Accumulated
		Amount			Amortization		Amount			Amortization
	Patents	$	144,653		$	82,448	$	141,160		$	75,175
	Trademarks	389,491			164,252		386,619			148,319
	Customer lists and other	1,470,072			536,969		1,468,243			482,029
	Total	$	2,004,216		$	783,669	$	1,996,022		$	705,523
	Total intangible amortization expense for the six months ended December 31, 2013 was $60,029. The estimated amortization expense for the five years ending June 30, 2014 through 2018 is $116,067, $109,451, $106,668, $101,895, and $98,632, respectively.
	Intangible assets are evaluated for impairment whenever events or circumstances indicate that the undiscounted net cash flows to be generated by their use over their expected useful lives and eventual disposition may be less than their net carrying value. In connection with the goodwill impairment review of EPD discussed above, the Company determined that certain intangible assets of EPD, primarily trademarks and customer lists, were impaired resulting in a non-cash impairment charge of $43.7 million being recognized in the second quarter of fiscal 2014. The impairment charge is reflected in the goodwill and intangible asset impairment caption in the Consolidated Statement of Income and in the other (income) expense caption in the Business Segment Information. The fair value of EPD's intangible assets were determined using an income approach for the individual intangible assets. Fair value calculated using an income approach is classified within level 3 of the fair value hierarchy and requires several assumptions including future sales and operating margins expected to be generated from the use of the individual intangible asset.

Retirement_Benefits

Retirement Benefits	6 Months Ended
	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]	'
Retirement Benefits	'
	Retirement benefits
	Net pension benefit cost recognized included the following components:
		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2013			2012			2013			2012
	Service cost	$	22,457		$	26,683		$	49,686		$	55,017
	Interest cost	47,465			44,920			95,009			87,993
	Expected return on plan assets	(56,574		)	(55,778		)	(112,962		)	(105,416		)
	Amortization of prior service cost	2,204			3,740			5,894			7,228
	Amortization of net actuarial loss	40,261			52,565			79,679			100,148
	Amortization of initial net obligation	5			6			10			12
	Net pension benefit cost	$	55,818		$	72,136		$	117,316		$	144,982
	Net postretirement benefit cost recognized included the following components:
		Three Months Ended						Six Months Ended
		December 31,						31-Dec-13
		2013			2012			2013			2012
	Service cost	$	206		$	182		$	412		$	364
	Interest cost	709			870			1,418			1,740
	Amortization of prior service benefit	(26		)	(12		)	(52		)	(23		)
	Amortization of net actuarial loss	350			128			700			256
	Net postretirement benefit cost	$	1,239		$	1,168		$	2,478		$	2,337

Income_Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income taxes
	The effective tax rate for the current-year quarter and first six months of fiscal 2014 was higher than the comparable prior-year periods primarily due to current period discrete tax costs related to a non-deductible goodwill and intangible asset impairment charge and the joint venture with GE Aviation.
	As of December 31, 2013, the Company had gross unrecognized tax benefits of $113,208. The total amount of gross unrecognized tax benefits that, if recognized, would affect the effective tax rate was $69,722. If recognized, a significant portion of the gross unrecognized tax benefits would be offset against an asset currently recorded in the Consolidated Balance Sheet. The accrued interest related to the gross unrecognized tax benefits, excluded from the amounts above, is $5,710.
	The Company and its subsidiaries file income tax returns in the United States and in various foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. The Company is no longer subject to examinations of its federal income tax returns by the United States Internal Revenue Service for fiscal years through 2010. All significant state, local and foreign tax returns have been examined for fiscal years through 2003. The Company does not anticipate that the total amount of gross unrecognized tax benefits will significantly change due to the settlement of examinations and the expiration of statute of limitations within the next twelve months.

Financial_Instruments

Financial Instruments	6 Months Ended
	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Fair Value Measurements And Financial Instruments Disclosure [Text Block]	'
	Financial instruments and fair value measurement
	The Company’s financial instruments consist primarily of cash and cash equivalents, long-term investments, and accounts receivable as well as obligations under accounts payable, trade, notes payable and long-term debt. Due to their short-term nature, the carrying values for cash and cash equivalents, accounts receivable, accounts payable, trade and notes payable approximate fair value. The carrying value of long-term debt (excluding capital leases) and estimated fair value of long-term debt (excluding capital leases) are as follows:
			December 31,				June 30,
			2013				2013
	Carrying value of long-term debt (excluding capital leases)		$	1,508,126			$	1,498,025
	Estimated fair value of long-term debt (excluding capital leases)		1,655,299				1,654,886
	The fair value of long-term debt was estimated using a discounted cash flow analysis based on the Company’s current incremental borrowing rate for similar types of borrowing arrangements.
	The Company utilizes derivative and non-derivative financial instruments, including forward exchange contracts, costless collar contracts, cross-currency swap contracts and certain foreign denominated debt designated as net investment hedges, to manage foreign currency transaction and translation risk. The derivative financial instrument contracts are with major investment grade financial institutions and the Company does not anticipate any material non-performance by any of the counterparties. The Company does not hold or issue derivative financial instruments for trading purposes.
	The Company’s Euro bonds and Japanese Yen credit facility have each been designated as a hedge of the Company’s net investment in certain foreign subsidiaries. The translation of the Euro bonds and Japanese Yen credit facility into U.S. dollars is recorded in accumulated other comprehensive (loss) and remains there until the underlying net investment is sold or substantially liquidated.
	Derivative financial instruments are recognized on the Consolidated Balance Sheet as either assets or liabilities and are measured at fair value. Derivatives consist of forward exchange, costless collar and cross-currency swap contracts, the fair value of which is calculated using market observable inputs including both spot and forward prices for the same underlying currencies. The fair value of the cross-currency swap contracts is calculated using a present value cash flow model that has been adjusted to reflect the credit risk of either the Company or the counterparty.
	The following summarizes the location and fair value of derivative financial instruments reported in the Consolidated Balance Sheet as of December 31, 2013 and June 30, 2013:
			Balance Sheet Caption		December 31,				June 30,
					2013				2013
	Net investment hedges
	Cross-currency swap contracts		Other liabilities		$	41,033			$	22,438
	Cash flow hedges
	Costless collar contracts		Accounts receivable, net		8,229				1,422
	Forward exchange contracts		Accounts receivable, net		(586		)		41
	Costless collar contracts		Other accrued liabilities		764				953
	The cross-currency swap and costless collar contracts are reflected on a gross basis in the Consolidated Balance Sheet. The presentation of forward contracts is on a net basis, the effect of which is immaterial to the Consolidated Balance Sheet. The Company has not entered into any master netting arrangements.
	The fair values at December 31, 2013 and June 30, 2013 are classified within level 2 of the fair value hierarchy. There are no other financial assets or financial liabilities that are marked to market on a recurring basis. Fair values are transferred between levels of the fair value hierarchy when facts and circumstances indicate that a change in the method of estimating the fair value of a financial asset or financial liability is warranted.
	Gains or losses on derivatives that are not hedges are adjusted to fair value through the cost of sales caption in the Consolidated Statement of Income. Gains or losses on derivatives that are hedges are adjusted to fair value through accumulated other comprehensive (loss) in the Consolidated Balance Sheet until the hedged item is recognized in earnings.
	11. Financial instruments and fair value measurement, cont'd
	The cross-currency swap contracts have been designated as hedging instruments. The costless collar contracts and forward exchange contracts have not been designated as hedging instruments and are considered to be economic hedges of forecasted transactions.
	Gains (losses) on derivative financial instruments that were recorded in the Consolidated Statement of Income are as follows:
		Three Months Ended								Six Months Ended
		December 31,								December 31,
		2013				2012				2013				2012
	Forward exchange contracts	$	(595	)		$	(1,302	)		$	(624	)		$	(4,564	)
	Costless collar contracts	3,729				917				6,720				3,172
	Gains (losses) on derivative and non-derivative financial instruments that were recorded in accumulated other comprehensive (loss) in the Consolidated Balance Sheet are as follows:
		Three Months Ended							Six Months Ended
		December 31,							December 31,
		2013				2012			2013				2012
	Cross-currency swap contracts	$	(4,852	)		$	(9,632	)	$	(11,488	)		$	(12,163	)
	Foreign denominated debt	(296		)		642			(6,882		)		(2,856		)
	There was no ineffectiveness of the cross-currency swap contracts or foreign denominated debt, nor was any portion of these financial instruments excluded from the effectiveness testing, during the six months ended December 31, 2013 and 2012.

Business_Segment_Information_T

Business Segment Information (Tables)	6 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information By Industry	'
		Three Months Ended					Six Months Ended
		December 31,					December 31,
		2013			2012		2013			2012
	Net sales
	Diversified Industrial:
	North America	$	1,325,402		$	1,317,380	$	2,713,277		$	2,742,659
	International	1,276,851			1,219,459		2,547,646			2,468,032
	Aerospace Systems	503,753			528,656		1,071,227			1,069,739
	Total	$	3,106,006		$	3,065,495	$	6,332,150		$	6,280,430
	Segment operating income
	Diversified Industrial:
	North America	$	200,628		$	190,431	$	434,826		$	434,506
	International	134,198			125,047		307,608			281,645
	Aerospace Systems	45,034			52,172		102,332			114,070
	Total segment operating income	379,860			367,650		844,766			830,221
	Corporate general and administrative expenses	46,819			45,401		94,029			85,168
	Income before interest expense and other expense	333,041			322,249		750,737			745,053
	Interest expense	20,851			24,216		41,809			47,725
	Other (income) expense	(183,126		)	35,404		(110,478		)	98,641
	Income before income taxes	$	495,316		$	262,629	$	819,406		$	598,687

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Schedule of Calculation of Numerator and Denominator in Earnings Per Share	'
	The following table presents a reconciliation of the numerator and denominator of basic and diluted earnings per share for the three and six months ended December 31, 2013 and 2012.
		Three Months Ended				Six Months Ended
		December 31,				December 31,
		2013		2012		2013		2012
	Numerator:
	Net income attributable to common shareholders	$	253,288	$	180,962	$	497,604	$	420,703
	Denominator:
	Basic - weighted average common shares	149,153,599		149,001,273		149,195,452		149,143,561
	Increase in weighted average common shares from dilutive effect of equity-based awards	2,997,425		3,197,431		2,547,937		2,874,464
	Diluted - weighted average common shares, assuming exercise of equity-based awards	152,151,024		152,198,704		151,743,389		152,018,025
	Basic earnings per share	$	1.7	$	1.21	$	3.34	$	2.82
	Diluted earnings per share	$	1.66	$	1.19	$	3.28	$	2.77

Accounts_receivable_net_Tables

Accounts receivable, net (Tables)	6 Months Ended
	Dec. 31, 2013
Accounts Receivable, Net [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
	The accounts receivable, net caption in the Consolidated Balance Sheet is comprised of the following components:
		December 31,			June 30,
		2013			2013
	Accounts receivable, trade	$	1,639,441		$	1,855,644
	Allowance for doubtful accounts	(13,659		)	(14,824		)
	Non-trade accounts receivable	118,391			110,394
	Notes receivable	117,676			111,531
	Total	$	1,861,849		$	2,062,745

Business_realignment_charges_T

Business realignment charges (Tables)	6 Months Ended
	Dec. 31, 2013
Restructuring and Related Activities [Abstract]	'
Schedule of realignment charges	'
	Business realignment charges by business segment are as follows:
		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2013			2012			2013		2012
	Diversified Industrial	$	13,215		$	2,766		$	23,838	$	5,505
	Aerospace Systems	—			—			626		—
	Work force reductions in connection with such business realignment charges by business segment are as follows:
		Three Months Ended					Six Months Ended
		December 31,					December 31,
		2013		2012			2013		2012
	Diversified Industrial	312		196			582		348
	Aerospace Systems	—		—			27		—
	The business realignment charges are presented in the Consolidated Statement of Income as follows:
		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2013			2012			2013		2012
	Cost of sales	$	9,051		$	2,098		$	15,244	$	4,104
	Selling, general and administrative expenses	4,164			668			9,220		1,401
	Other (income), net	257			1,918			1,331		1,918

Equity_Tables

Equity (Tables)	6 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Schedule of Stockholders Equity	'
	Changes in equity for the three months ended December 31, 2013 and 2012 are as follows:
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at September 30, 2013	$	6,086,861			$	2,910			$	6,089,771
	Net income	253,288				116				253,404
	Other comprehensive income	49,752				34				49,786
	Dividends paid	(67,330		)		—				(67,330		)
	Stock incentive plan activity	23,395				—				23,395
	Shares purchased at cost	(50,740		)		—				(50,740		)
	Balance at December 31, 2013	$	6,295,226			$	3,060			$	6,298,286
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at September 30, 2012	$	5,141,124			$	10,890			$	5,152,014
	Net income	180,962				152				181,114
	Other comprehensive income (loss)	94,579				(1,898		)		92,681
	Dividends paid	(61,236		)		(727		)		(61,963		)
	Stock incentive plan activity	17,057				—				17,057
	Acquisition activity	3,231				(5,145		)		(1,914		)
	Shares purchased at cost	(50,000		)		—				(50,000		)
	Balance at December 31, 2012	$	5,325,717			$	3,272			$	5,328,989
	7. Equity, cont'd
	Changes in equity for the six months ended December 31, 2013 and 2012 are as follows:
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at June 30, 2013	$	5,738,426			$	3,055			$	5,741,481
	Net income	497,604				120				497,724
	Other comprehensive income (loss)	234,679				(115		)		234,564
	Dividends paid	(134,718		)		—				(134,718		)
	Stock incentive plan activity	59,235				—				59,235
	Shares purchased at cost	(100,000		)		—				(100,000		)
	Balance at December 31, 2013	$	6,295,226			$	3,060			$	6,298,286
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at June 30, 2012	$	4,896,515			$	9,215			$	4,905,730
	Net income	420,703				359				421,062
	Other comprehensive income (loss)	228,760				(1,524		)		227,236
	Dividends paid	(122,601		)		(727		)		(123,328		)
	Stock incentive plan activity	56,286				—				56,286
	Acquisition activity	3,231				(4,051		)		(820		)
	Shares purchased at cost	(157,177		)		—				(157,177		)
	Balance at December 31, 2012	$	5,325,717			$	3,272			$	5,328,989
	As of July 1, 2013, the Company adopted the provisions of FASB Accounting Standards Update No. 2013-02, "Reporting Amounts Reclassified Out of Accumulated Other Comprehensive Income." As a result of this adoption, the Company has presented the significant items reclassified to net income in their entirety during the period in the table below.
	Changes in accumulated other comprehensive (loss) in shareholder's equity by component:
		Foreign Currency Translation Adjustment				Retirement Benefit Plans				Other			Total
	Balance at June 30, 2013	$	(68,328	)		$	(1,039,072	)		$	(433	)	$	(1,107,833	)
	Other comprehensive income before reclassifications	179,955											179,955
	Amounts reclassified from accumulated other comprehensive (loss)					54,622				102			54,724
	Balance at December 31, 2013	$	111,627			$	(984,450	)		$	(331	)	$	(873,154	)
	7. Equity, cont'd
	Reclassifications out of accumulated other comprehensive (loss) in shareholder's equity:
	Details about Accumulated Other Comprehensive (Loss) Components		Income (Expense) Reclassified from Accumulated Other Comprehensive (Loss)								Consolidated Statement of Income Classification
			Three Months Ended				Six Months Ended
			31-Dec-13				31-Dec-13
	Retirement benefit plans
	Amortization of prior service cost and initial net obligation		$	(2,183	)		$	(5,852	)		See Note 9
	Recognized actuarial loss		(40,611		)		(80,379		)		See Note 9
	Total before tax		(42,794		)		(86,231		)
	Tax benefit		15,665				31,609				Income taxes
	Net of tax		$	(27,129	)		$	(54,622	)
	Other
	Realized loss on cash flow hedges		$	(76	)		$	(152	)		Interest expense
	Tax benefit		25				50				Income taxes
	Net of tax		$	(51	)		$	(102	)

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of goodwill	'
	The changes in the carrying amount of goodwill for the six months ended December 31, 2013 are as follows:
		Diversified Industrial			Aerospace		Total
		Segment			Systems
					Segment
	Balance at June 30, 2013	$	3,125,175		$	98,340	$	3,223,515
	Acquisitions	617			—		617
	Impairment	(140,334		)	—		(140,334		)
	Foreign currency translation and other	77,539			362		77,901
	Balance at December 31, 2013	$	3,062,997		$	98,702	$	3,161,699
Schedule of finite-lived intangible assets by major class	'
	The following summarizes the gross carrying value and accumulated amortization for each major category of intangible assets:
		31-Dec-13					30-Jun-13
		Gross Carrying			Accumulated		Gross Carrying			Accumulated
		Amount			Amortization		Amount			Amortization
	Patents	$	144,653		$	82,448	$	141,160		$	75,175
	Trademarks	389,491			164,252		386,619			148,319
	Customer lists and other	1,470,072			536,969		1,468,243			482,029
	Total	$	2,004,216		$	783,669	$	1,996,022		$	705,523

Retirement_Benefits_Tables

Retirement Benefits (Tables)	6 Months Ended
	Dec. 31, 2013
Pension Plans, Defined Benefit	'
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'
Schedule of Defined Benefit Plans Disclosures	'
	Net pension benefit cost recognized included the following components:
		Three Months Ended						Six Months Ended
		December 31,						December 31,
		2013			2012			2013			2012
	Service cost	$	22,457		$	26,683		$	49,686		$	55,017
	Interest cost	47,465			44,920			95,009			87,993
	Expected return on plan assets	(56,574		)	(55,778		)	(112,962		)	(105,416		)
	Amortization of prior service cost	2,204			3,740			5,894			7,228
	Amortization of net actuarial loss	40,261			52,565			79,679			100,148
	Amortization of initial net obligation	5			6			10			12
	Net pension benefit cost	$	55,818		$	72,136		$	117,316		$	144,982
Other Postretirement Benefit Plans, Defined Benefit	'
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'
Schedule of Defined Benefit Plans Disclosures	'
	Net postretirement benefit cost recognized included the following components:
		Three Months Ended						Six Months Ended
		December 31,						31-Dec-13
		2013			2012			2013			2012
	Service cost	$	206		$	182		$	412		$	364
	Interest cost	709			870			1,418			1,740
	Amortization of prior service benefit	(26		)	(12		)	(52		)	(23		)
	Amortization of net actuarial loss	350			128			700			256
	Net postretirement benefit cost	$	1,239		$	1,168		$	2,478		$	2,337

Financial_Instruments_Tables

Financial Instruments (Tables)	6 Months Ended
	Dec. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	'
	The following summarizes the location and fair value of derivative financial instruments reported in the Consolidated Balance Sheet as of December 31, 2013 and June 30, 2013:
			Balance Sheet Caption		December 31,				June 30,
					2013				2013
	Net investment hedges
	Cross-currency swap contracts		Other liabilities		$	41,033			$	22,438
	Cash flow hedges
	Costless collar contracts		Accounts receivable, net		8,229				1,422
	Forward exchange contracts		Accounts receivable, net		(586		)		41
	Costless collar contracts		Other accrued liabilities		764				953
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	'
	Gains (losses) on derivative financial instruments that were recorded in the Consolidated Statement of Income are as follows:
		Three Months Ended								Six Months Ended
		December 31,								December 31,
		2013				2012				2013				2012
	Forward exchange contracts	$	(595	)		$	(1,302	)		$	(624	)		$	(4,564	)
	Costless collar contracts	3,729				917				6,720				3,172
	Gains (losses) on derivative and non-derivative financial instruments that were recorded in accumulated other comprehensive (loss) in the Consolidated Balance Sheet are as follows:
		Three Months Ended							Six Months Ended
		December 31,							December 31,
		2013				2012			2013				2012
	Cross-currency swap contracts	$	(4,852	)		$	(9,632	)	$	(11,488	)		$	(12,163	)
	Foreign denominated debt	(296		)		642			(6,882		)		(2,856		)

Business_Segment_Information_D

Business Segment Information (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	$3,106,006	$3,065,495	$6,332,150	$6,280,430
Segment Operating Income	379,860	367,650	844,766	830,221
Corporate general and administrative expenses	46,819	45,401	94,029	85,168
Income before interest expense and other expense	333,041	322,249	750,737	745,053
Interest expense	20,851	24,216	41,809	47,725
Other expense	-183,126	35,404	-110,478	98,641
Income before income taxes	495,316	262,629	819,406	598,687
Industrial segment [Member] | North America [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	1,325,402	1,317,380	2,713,277	2,742,659
Segment Operating Income	200,628	190,431	434,826	434,506
Industrial segment [Member] | International [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	1,276,851	1,219,459	2,547,646	2,468,032
Segment Operating Income	134,198	125,047	307,608	281,645
Aerospace Segment [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	503,753	528,656	1,071,227	1,069,739
Segment Operating Income	$45,034	$52,172	$102,332	$114,070

Earnings_Per_Share_Earnings_Pe

Earnings Per Share Earnings Per Share - Reconciliation of Numberator and Denominator of Basic and Diluted Earnings Per Share (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Numerator:	'	'	'	'
Net income attributable to common shareholders	$253,288	$180,962	$497,604	$420,703
Denominator:	'	'	'	'
Basic - weighted average common shares	149,153,599	149,001,273	149,195,452	149,143,561
Increase in weighted average common shares from dilutive effect of equity-based awards	2,997,425	3,197,431	2,547,937	2,874,464
Diluted - weighted average common shares, assuming exercise of equity-based awards	152,151,024	152,198,704	151,743,389	152,018,025
Basic earnings per share (in usd per share)	$1.70	$1.21	$3.34	$2.82
Diluted earnings per share (in usd per share)	$1.66	$1.19	$3.28	$2.77

Earnings_Per_Share_Additional_

Earnings Per Share - Additional Information (Details1)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]	'	'	'	'
Number of common shares subject to equity-based awards that were excluded from the computation of diluted earnings per share because the effect of their exercise would be anti-dilutive	350,129	1,079,590	1,188,562	917,305

Share_repurchase_program_Detai

Share repurchase program (Details) (USD $)	3 Months Ended	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Authorization to repurchase common shares, percentage of shares of common stock outstanding at the end of the prior fiscal year	5.00%	'
Share repurchased (in shares)	441,585	923,985
Average price per share repurchased, including commissions (in usd per share)	$114.90	$108.23
Maximum [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)	7,500,000	7,500,000

Accounts_receivable_net_Detail

Accounts receivable, net (Detail) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Disclosure Accounts Receivable Net [Abstract]	'	'
Accounts receivable, trade	$1,639,441	$1,855,644
Allowance for doubtful accounts	-13,659	-14,824
Non-trade accounts receivable	118,391	110,394
Notes receivable	117,676	111,531
Total	$1,861,849	$2,062,745

Business_realignment_charges_D

Business realignment charges (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Industrial segment [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	$13,215	$2,766	$23,838	$5,505
Other Expense [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	257	1,918	1,331	'
Aerospace Segment [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	0	0	626	0
Cost of Sales [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	9,051	2,098	15,244	4,104
Selling, General and Administrative Expenses [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	4,164	668	9,220	1,401
Other Expense (Income), Net [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	$257	$1,918	$1,331	$1,918

Business_realignment_charges_W

Business realignment charges - Work Force Reductions by Business Segment (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
	employee	employee	employee	employee
Industrial segment [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges, number of positions eliminated	312	196	582	348
Other Expense [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges, number of positions eliminated	'	98	'	'
Aerospace Segment [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges, number of positions eliminated	0	0	27	0

Business_Realignment_Charges_A

Business Realignment Charges - Additional Information (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Cost of sales [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	$9,051,000	$2,098,000	$15,244,000	$4,104,000
Selling, general and administrative expenses [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	4,164,000	668,000	9,220,000	1,401,000
Other Expense (Income), Net [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	257,000	1,918,000	1,331,000	1,918,000
Employee severance [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Restructuring reserve, settled with cash	'	'	8,800,000	'
Other Expense [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	$257,000	$1,918,000	$1,331,000	'
Restructuring and Related Cost, Number of Positions Eliminated	'	98	'	'

Equity_Changes_in_Equity_Detai

Equity Changes in Equity (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2013
Stockholders Equity Note [Line Items]	'	'	'	'	'
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Benefit Cost, before Tax	($2,183)	'	($5,852)	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Beginning balance	6,089,771	5,152,014	5,741,481	4,905,730	'
Net income	253,404	181,114	497,724	421,062	'
Other Comprehensive Income (Loss), Net of Tax	49,786	92,681	234,564	227,236	'
Dividends paid	-67,330	-61,963	-134,718	-123,328	'
Stock incentive plan activity	23,395	17,057	59,235	56,286	'
Acquisition activity	'	-1,914	'	820	'
Shares purchased at cost	-50,740	-50,000	-100,000	-157,177	'
Ending balance	6,298,286	5,328,989	6,298,286	5,328,989	'
Accumulated Other Comprehensive Income (Loss), Net of Tax	-873,154	'	-873,154	'	-1,107,833
Other Comprehensive Income (Loss) before Reclassifications, Net of Tax	'	'	179,955	'	'
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	49,752	94,579	234,679	228,760	'
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	'	'	54,724	'	'
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax	-40,611	'	-80,379	'	'
Total Other Comprehensive Income (Loss) Pension and Other Postretirement Benefits Reclassification Adjustment, Before Tax	-42,794	'	-86,231	'	'
Other Comprehensive Income Retirement Benefit Plan ReclassificationTax(Expense) Benefit	15,665	'	31,609	'	'
Total Other Comprehensive Income Retirement Benefit Plan Reclassification Adjustment, Net of Tax	-27,129	'	-54,622	'	'
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax	-76	'	-152	'	'
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax	25	'	50	'	'
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	-51	-51	-102	-102	'
Accumulated Translation Adjustment [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Accumulated Other Comprehensive Income (Loss), Net of Tax	111,627	'	111,627	'	-68,328
Other Comprehensive Income (Loss) before Reclassifications, Net of Tax	'	'	179,955	'	'
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	'	'	'	'	'
Noncontrolling Interests [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Beginning balance	2,910	10,890	3,055	9,215	'
Net income	116	152	120	359	'
Other Comprehensive Income (Loss), Net of Tax	34	-1,898	-115	-1,524	'
Dividends paid	0	-727	0	-727	'
Stock incentive plan activity	0	0	0	0	'
Acquisition activity	'	-5,145	'	4,051	'
Shares purchased at cost	0	0	0	0	'
Ending balance	3,060	3,272	3,060	3,272	'
Shareholders' Equity [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Beginning balance	6,086,861	5,141,124	5,738,426	4,896,515	'
Net income	253,288	180,962	497,604	420,703	'
Other Comprehensive Income (Loss), Net of Tax	49,752	94,579	234,679	228,760	'
Dividends paid	-67,330	-61,236	-134,718	-122,601	'
Stock incentive plan activity	23,395	17,057	59,235	56,286	'
Acquisition activity	'	3,231	'	-3,231	'
Shares purchased at cost	-50,740	-50,000	-100,000	-157,177	'
Ending balance	6,295,226	5,325,717	6,295,226	5,325,717	'
Accumulated Defined Benefit Plans Adjustment [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	-984,450	'	-984,450	'	'
Accumulated Other Comprehensive Income (Loss), Net of Tax	'	'	'	'	-1,039,072
Other Comprehensive Income (Loss) before Reclassifications, Net of Tax	'	'	'	'	'
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	'	'	54,622	'	'
Accumulated Other Comprehensive Income (Loss), Other [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Accumulated Other Comprehensive Income (Loss), Other	-331	'	-331	'	'
Accumulated Other Comprehensive Income (Loss), Net of Tax	'	'	'	'	-433
Other Comprehensive Income (Loss) before Reclassifications, Net of Tax	'	'	'	'	'
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	'	'	102	'	'
Accumulated Other Comprehensive Income (Loss) [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Accumulated Other Comprehensive Income (Loss), Net of Tax	($873,154)	'	($873,154)	'	($1,107,833)

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets (Detail) (USD $)	3 Months Ended	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2013
Goodwill [Roll Forward]	'	'
Beginning balance	'	$3,223,515,000
Goodwill, Acquisitions	'	617,000
Goodwill, Impairment Loss	140,300,000	-140,334,000
Goodwill, Foreign currency translation and other	'	77,901,000
Ending balance	3,161,699,000	3,161,699,000
Impairment of Intangible Assets, Finite-lived	43,700,000	'
Intangible amortization expense	'	60,029,000
Estimated amortization expense, year ending June 30, 2013	116,067,000	116,067,000
Estimated amortization expense, year ending June 30, 2014	109,451,000	109,451,000
Estimated amortization expense, year ending June 30, 2015	106,668,000	106,668,000
Estimated amortization expense, year ending June 30, 2016	101,895,000	101,895,000
Estimated amortization expense, year ending June 30, 2017	98,632,000	98,632,000
Industrial [Member]	'	'
Goodwill [Roll Forward]	'	'
Beginning balance	'	3,125,175,000
Goodwill, Acquisitions	'	617,000
Goodwill, Impairment Loss	'	-140,334,000
Goodwill, Foreign currency translation and other	'	77,539,000
Ending balance	3,062,997,000	3,062,997,000
Aerospace Segment [Member]	'	'
Goodwill [Roll Forward]	'	'
Beginning balance	'	98,340,000
Goodwill, Acquisitions	'	0
Goodwill, Impairment Loss	'	0
Goodwill, Foreign currency translation and other	'	362,000
Ending balance	$98,702,000	$98,702,000

Goodwill_and_Intangible_Assets3

Goodwill and Intangible Assets (Detail 1) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Goodwill [Line Items]	'	'
Finite-lived intangible assets, gross carrying amount	$2,004,216	$1,996,022
Finite-lived intangible assets, accumulated amortization	783,669	705,523
Patents [Member]	'	'
Goodwill [Line Items]	'	'
Finite-lived intangible assets, gross carrying amount	144,653	141,160
Finite-lived intangible assets, accumulated amortization	82,448	75,175
Trademarks [Member]	'	'
Goodwill [Line Items]	'	'
Finite-lived intangible assets, gross carrying amount	389,491	386,619
Finite-lived intangible assets, accumulated amortization	164,252	148,319
Customer lists and other [Member]	'	'
Goodwill [Line Items]	'	'
Finite-lived intangible assets, gross carrying amount	1,470,072	1,468,243
Finite-lived intangible assets, accumulated amortization	$536,969	$482,029

Retirement_Benefits_Additional

Retirement Benefits - Additional Information (Detail) (Pension Plans, Defined Benefit, USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Pension Plans, Defined Benefit	'	'	'	'
Defined Benefit Plans Disclosure [Line Items]	'	'	'	'
Defined Benefit Plan, Service Cost	$22,457	$26,683	$49,686	$55,017
Defined Benefit Plan, Interest Cost	47,465	44,920	95,009	87,993
Defined Benefit Plan, Expected Return on Plan Assets	-56,574	-55,778	-112,962	-105,416
Defined Benefit Plan, Amortization of Prior Service Cost	2,204	3,740	5,894	7,228
Defined Benefit Plan, Amortization of Net Actuarial Loss	40,261	52,565	79,679	100,148
Defined Benefit Plan, Amortization of initial net obligations (assets)	5	6	10	12
Defined Benefit Plan, Net pension benefit cost	$55,818	$72,136	$117,316	$144,982

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Income Tax Disclosure [Abstract]	'
Unrecognized tax benefits	$113,208
Amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate	69,722
Accrued interest related to the gross unrecognized tax benefits excluded from the unrecognized tax benefits	$5,710

Financial_Instruments_Addition

Financial Instruments - Additional Information (Detail) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Disclosure Financial Instruments And Fair Value Measurement Additional Information [Abstract]	'	'
Carrying value of long-term debt, excluding leases	$1,508,126	$1,498,025
Fair value of long-term debt, excluding leases	$1,655,299	$1,654,886

Gain_Losses_on_Derivative_Fina

Gain (Losses) on Derivative Financial Instruments (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Not designated as hedging instrument [Member] | Forward exchange [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Gains (losses) on derivative financial instruments that were recorded in the consolidated statement of income	($595)	($1,302)	($624)	($4,564)
Not designated as hedging instrument [Member] | Costless collar contracts [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Gains (losses) on derivative financial instruments that were recorded in the consolidated statement of income	3,729	917	6,720	3,172
Designated as hedging instrument [Member] | Cross currency swap [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Derivative and non derivative instruments gain (loss) recognized in accumulated oher comprehensive income (loss)	-4,852	-9,632	-11,488	-12,163
Non derivative financial instruments [Member] | Foreign denominated debt [Member]	'	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'	'
Derivative and non derivative instruments gain (loss) recognized in accumulated oher comprehensive income (loss)	($296)	$642	($6,882)	($2,856)

Summary_of_the_Location_and_Fa

Summary of the Location and Fair Value of Derivative Financial Instruments Reported in the Consolidated Balance Sheet (Details) (USD $)	Dec. 31, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified
Cross currency swap [Member] | Other liabilities [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative instruments in hedges, net investment in foreign operations, liabilities, fair value	$41,033	$22,438
Costless collar contracts [Member] | Accounts receivable [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Cash flow hedge derivative instrument assets at fair value	8,229	1,422
Costless collar contracts [Member] | Other accrued liabilities [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Cash flow hedge derivative instrument liabilities at fair value	764	953
Forward exchange contract [Member] | Accounts receivable [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Cash flow hedge derivative instrument assets at fair value	($586)	$41

Acquisitions_and_divestitures_

Acquisitions and divestitures (Details) (USD $)	3 Months Ended		6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Significant Acquisitions and Disposals [Line Items]	'	'	'	'
Deconsolidation, Gain (Loss), Amount	$413,000,000	'	$412,612,000	$0
Deconsolidation, Revaluation of Retained Investment, Gain (Loss), Amount	186,000,000	'	'	'
Payments to Acquire Businesses, Net of Cash Acquired	'	'	-728,000	621,716,000
Revenue, Net	3,106,006,000	3,065,495,000	6,332,150,000	6,280,430,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	'	$17,000,000	'	'