Parker-Hannifin (PH) 10-Q 6 May 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended
	Mar. 31, 2014
Entity Information [Line Items]	'
Entity Public Float	$11,403,595,331
Document Type	'10-Q
Amendment Flag	'false
Document Period End Date	31-Mar-14
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q3
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	148,936,277

Consolidated_Statement_of_Inco

Consolidated Statement of Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]	'	'	'	'
Net sales	$3,358,406	$3,307,041	$9,690,556	$9,587,471
Cost of sales	2,605,893	2,569,189	7,502,273	7,468,608
Gross profit	752,513	737,852	2,188,283	2,118,863
Selling, general and administrative expenses	407,241	379,690	1,212,807	1,141,912
Goodwill and Intangible Asset Impairment	0	0	188,870	0
Interest expense	20,594	23,050	62,403	70,775
Other (income), net	-4,812	-3,439	-424,693	-31,062
Income before income taxes	329,490	338,551	1,148,896	937,238
Income taxes	86,972	81,959	408,654	259,584
Net Income	242,518	256,592	740,242	677,654
Less: Noncontrolling interest in subsidiaries' earnings	112	32	232	391
Net income attributable to common shareholders	$242,406	$256,560	$740,010	$677,263
Earnings per Share Attributable to Common Shareholders (Note 4)	'	'	'	'
Basic earnings per share (in usd per share)	$1.63	$1.72	$4.96	$4.54
Diluted earnings per share (in usd per share)	$1.60	$1.68	$4.88	$4.46
Cash dividends per common share (in usd per share)	$0.48	$0.43	$1.38	$1.25

Consolidated_Statement_of_Comp

Consolidated Statement of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Net income	$242,518	$256,592	$740,242	$677,654
Less: Noncontrolling interests in subsidiaries' earnings	112	32	232	391
Net income attributable to common shareholders	242,406	256,560	740,010	677,263
Other comprehensive income (loss), foreign currency translation adjustment, net of tax	-1,067	-122,964	178,773	36,330
Other comprehensive income (loss), retirement benefits plan activity, adjustment, net of tax	27,179	34,263	81,801	102,103
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	51	51	153	153
Other comprehensive income (loss), net of tax	26,163	-88,650	260,727	138,586
Less: Other comprehensive income for noncontrolling interests	86	46	-29	-1,478
Other comprehensive income (loss) attributable to common shareholders	26,077	-88,696	260,756	140,064
Total comprehensive income attributable to common shareholders	$268,483	$167,864	$1,000,766	$817,327

Consolidated_Balance_Sheet

Consolidated Balance Sheet (USD $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash and cash equivalents	$2,095,989	$1,781,412
Accounts receivable, net	2,098,063	2,062,745
Inventory, Finished Goods, Net of Reserves	550,422	531,897
Inventories:	'	'
Inventory, Work in Process, Net of Reserves	786,105	733,025
Inventory, Raw Materials, Net of Reserves	112,462	112,483
Inventory, Net, Total	1,448,989	1,377,405
Prepaid expenses	183,119	182,669
Deferred income taxes	122,840	126,955
Total Current Assets	5,949,000	5,531,186
Plant and equipment:	'	'
Plant and Equipment, Gross	5,152,101	4,999,301
Less accumulated depreciation	3,324,121	3,191,061
Plant and Equipment, Net, Total	1,827,980	1,808,240
Other assets	950,236	687,458
Intangible assets, net	1,210,967	1,290,499
Goodwill	3,164,175	3,223,515
Total Assets	13,102,358	12,540,898
Current Liabilities	'	'
Notes payable and long-term debt payable within one year	1,078,846	1,333,826
Accounts payable, trade	1,200,466	1,156,002
Accrued payrolls and other compensation	397,166	426,996
Accrued domestic and foreign taxes	154,792	136,079
Other accrued liabilities	535,911	467,300
Total Current Liabilities	3,367,181	3,520,203
Long-term debt	1,508,611	1,495,960
Pensions and other postretirement benefits	1,306,667	1,372,437
Deferred income taxes	111,508	102,920
Other liabilities	354,158	307,897
Total Liabilities	6,648,125	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	616,250	608,752
Retained earnings	8,945,602	8,421,270
Accumulated other comprehensive (loss)	-847,077	-1,107,833
Treasury shares, at cost	-2,354,302	-2,274,286
Total Shareholders' Equity	6,450,996	5,738,426
Noncontrolling interests	3,237	3,055
Total Equity	6,454,233	5,741,481
Total Liabilities and Equity	$13,102,358	$12,540,898

Consolidated_Balance_Sheet_Par

Consolidated Balance Sheet (Parenthetical) (USD $)	Mar. 31, 2014	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	32,109,851	31,757,604

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash Flows From Operating Activities	'	'
Net income	$740,242	$677,654
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	161,749	159,803
Amortization	91,401	90,771
Stock incentive plan compensation	84,647	65,516
Deferred income taxes	-769	-1,858
Foreign currency transaction loss (gain)	5,572	14,381
(Gain) on sale of plant and equipment	2,061	-2,080
(Gain) on Sale of Business	0	-13,313
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	-10,146	39,518
Inventories	-84,540	10,941
Prepaid expenses	4,879	580
Other assets	-43,297	-27,457
Accounts payable, trade	41,733	-64,202
Accrued payrolls and other compensation	-35,090	-80,636
Accrued domestic and foreign taxes	15,712	-40,725
Other accrued liabilities	11,999	-63,131
Pensions and other postretirement benefits	45,452	-53,905
Other liabilities	9,608	6,942
Net cash (used in) provided by operating activities	817,471	718,799
Cash Flows From Investing Activities	'	'
Acquisitions (less cash acquired)	-14,272	-620,647
Capital expenditures	-167,371	-214,061
Proceeds from sale of plant and equipment	10,785	24,321
Proceeds from Divestiture of Businesses	0	72,190
Proceeds from Divestiture of Interest in Consolidated Subsidiaries	202,498	0
Other	-3,382	-9,375
Net cash (used in) investing activities	28,258	-747,572
Cash Flows From Financing Activities	'	'
Proceeds from exercise of stock options	6,635	28,928
Payments for common shares	-153,918	-207,150
Tax benefit from stock incentive plan compensation	26,393	52,897
Acquisition of noncontrolling interests	0	-1,072
Proceeds from (payments for) notes payable, net	-253,602	1,512,882
Proceeds from long-term borrowings	739	3,767
Payments for long-term borrowings	-2,456	-329,970
Dividends	-206,516	-187,705
Net cash (used in) financing activities	-582,725	872,577
Effect of exchange rate changes on cash	51,573	-4,802
Net (decrease) in cash and cash equivalents	314,577	839,002
Cash and cash equivalents at beginning of year	1,781,412	838,317
Cash and cash equivalents at end of period	$2,095,989	$1,677,319

Consolidated_Statement_of_Cash1

Consolidated Statement of Cash Flows (Parenthetical) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Statement of Cash Flows [Abstract]	'	'
Acquisitions, cash acquired	$0	$33,932

Business_Segment_Information

Business Segment Information	9 Months Ended
	Mar. 31, 2014
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				Nine Months Ended
		March 31,				March 31,
		2014		2013		2014			2013
	Net sales
	Diversified Industrial:
	North America	$	1,455,212	$	1,428,430	$	4,168,489		$	4,171,089
	International	1,357,513		1,300,585		3,905,159			3,768,617
	Aerospace Systems	545,681		578,026		1,616,908			1,647,765
	Total	$	3,358,406	$	3,307,041	$	9,690,556		$	9,587,471
	Segment operating income
	Diversified Industrial:
	North America	$	242,998	$	224,487	$	677,824		$	658,993
	International	126,933		158,194		434,541			439,839
	Aerospace Systems	63,974		80,080		166,306			194,150
	Total segment operating income	433,905		462,761		1,278,671			1,292,982
	Corporate general and administrative expenses	38,377		41,410		132,406			126,578
	Income before interest expense and other expense	395,528		421,351		1,146,265			1,166,404
	Interest expense	20,594		23,050		62,403			70,775
	Other expense (income)	45,444		59,750		(65,034		)	158,391
	Income before income taxes	$	329,490	$	338,551	$	1,148,896		$	937,238

Management_representation

Management representation	9 Months Ended
	Mar. 31, 2014
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 Company's financial position as of March 31, 2014, the results of operations for the nine months ended March 31, 2014 and 2013 and cash flows for the nine 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	9 Months Ended
	Mar. 31, 2014
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 March 31, 2014 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 nine months of fiscal 2014 is immaterial to the Company’s results of operations and cash flows.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2014
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 nine months ended March 31, 2014 and 2013.
		Three Months Ended				Nine Months Ended
		March 31,				March 31,
		2014		2013		2014		2013
	Numerator:
	Net income attributable to common shareholders	$	242,406	$	256,560	$	740,010	$	677,263
	Denominator:
	Basic - weighted average common shares	149,039,529		149,287,628		149,143,478		149,191,583
	Increase in weighted average common shares from dilutive effect of equity-based awards	2,700,088		3,072,984		2,418,798		2,661,939
	Diluted - weighted average common shares, assuming exercise of equity-based awards	151,739,617		152,360,612		151,562,276		151,853,522
	Basic earnings per share	$	1.63	$	1.72	$	4.96	$	4.54
	Diluted earnings per share	$	1.6	$	1.68	$	4.88	$	4.46
	For the three months ended March 31, 2014 and 2013, 375,282 and 345,779 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 nine months ended March 31, 2014 and 2013, 1,265,717 and 1,160,648 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	9 Months Ended
	Mar. 31, 2014
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 March 31, 2014, the Company repurchased 415,076 shares at an average price, including commissions, of $120.46 per share. Fiscal year-to-date, the Company repurchased 1,339,061 shares at an average price, including commissions, of $112.02 per share.

Accounts_receivable_net_Notes

Accounts receivable, net (Notes)	9 Months Ended
	Mar. 31, 2014
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:
		March 31,			June 30,
		2014			2013
	Accounts receivable, trade	$	1,870,056		$	1,855,644
	Allowance for doubtful accounts	(10,399		)	(14,824		)
	Non-trade accounts receivable	124,739			110,394
	Notes receivable	113,667			111,531
	Total	$	2,098,063		$	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	9 Months Ended
	Mar. 31, 2014
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						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014		2013
	Diversified Industrial	$	59,582		$	1,951		$	83,420	$	7,456
	Aerospace Systems	299			—			925		—
	Work force reductions in connection with such business realignment charges by business segment are as follows:
		Three Months Ended					Nine Months Ended
		March 31,					March 31,
		2014		2013			2014		2013
	Diversified Industrial	572		184			1,154		532
	Aerospace Systems	17		—			44		—
	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, with the majority of the charges relating to realignment initiatives in Europe. In addition, $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 expense (income) caption in the Business Segment Information for the nine months ended March 31, 2014. During the nine months ended March 31, 2013, $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 expense (income) 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						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014		2013
	Cost of sales	$	31,053		$	1,474		$	46,297	$	5,578
	Selling, general and administrative expenses	28,828			477			38,048		1,878
	Other (income), net	—			—			1,331		1,918
	As of March 31, 2014, approximately $15 million in severance payments have been made relating to charges incurred during fiscal 2014. The majority of the remaining severance payments of approximately $65 million are expected to be paid by March 31, 2015 and are reflected within the other accrued liabilities caption in the Consolidated Balance Sheet. 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	9 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Equity	'
	Equity
	Changes in equity for the three months ended March 31, 2014 and 2013 are as follows:
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at December 31, 2013	$	6,295,226			$	3,060			$	6,298,286
	Net income	242,406				112				242,518
	Other comprehensive income	26,077				86				26,163
	Dividends paid	(71,777		)		(21		)		(71,798		)
	Stock incentive plan activity	9,064				—				9,064
	Shares purchased at cost	(50,000		)		—				(50,000		)
	Balance at March 31, 2014	$	6,450,996			$	3,237			$	6,454,233
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at December 31, 2012	$	5,325,717			$	3,272			$	5,328,989
	Net income	256,560				32				256,592
	Other comprehensive income (loss)	(88,696		)		46				(88,650		)
	Dividends paid	(64,377		)		—				(64,377		)
	Stock incentive plan activity	28,996				—				28,996
	Shares purchased at cost	(49,142		)		—				(49,142		)
	Balance at March 31, 2013	$	5,409,058			$	3,350			$	5,412,408
	7. Equity, cont'd
	Changes in equity for the nine months ended March 31, 2014 and 2013 are as follows:
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at June 30, 2013	$	5,738,426			$	3,055			$	5,741,481
	Net income	740,010				232				740,242
	Other comprehensive income (loss)	260,756				(29		)		260,727
	Dividends paid	(206,495		)		(21		)		(206,516		)
	Stock incentive plan activity	68,299				—				68,299
	Shares purchased at cost	(150,000		)		—				(150,000		)
	Balance at March 31, 2014	$	6,450,996			$	3,237			$	6,454,233
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at June 30, 2012	$	4,896,515			$	9,215			$	4,905,730
	Net income	677,263				391				677,654
	Other comprehensive income (loss)	140,064				(1,478		)		138,586
	Dividends paid	(186,978		)		(727		)		(187,705		)
	Stock incentive plan activity	85,282				—				85,282
	Acquisition activity	3,231				(4,051		)		(820		)
	Shares purchased at cost	(206,319		)		—				(206,319		)
	Balance at March 31, 2013	$	5,409,058			$	3,350			$	5,412,408
	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	178,802				—				—			178,802
	Amounts reclassified from accumulated other comprehensive (loss)	—				81,801				153			81,954
	Balance at March 31, 2014	$	110,474			$	(957,271	)		$	(280	)	$	(847,077	)
	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				Nine Months Ended
			31-Mar-14				31-Mar-14
	Retirement benefit plans
	Amortization of prior service cost and initial net obligation		$	(2,913	)		$	(8,765	)		See Note 9
	Recognized actuarial loss		(39,970		)		(120,349		)		See Note 9
	Total before tax		(42,883		)		(129,114		)
	Tax benefit		15,704				47,313				Income taxes
	Net of tax		$	(27,179	)		$	(81,801	)
	Other
	Realized loss on cash flow hedges		$	(76	)		$	(228	)		Interest expense
	Tax benefit		25				75				Income taxes
	Net of tax		$	(51	)		$	(153	)

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	9 Months Ended
	Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and intangible assets	'
	Goodwill and intangible assets
	The changes in the carrying amount of goodwill for the nine months ended March 31, 2014 are as follows:
		Diversified Industrial			Aerospace		Total
		Segment			Systems
					Segment
	Balance at June 30, 2013	$	3,125,175		$	98,340	$	3,223,515
	Acquisitions	618			—		618
	Impairment	(140,334		)	—		(140,334		)
	Foreign currency translation and other	80,013			363		80,376
	Balance at March 31, 2014	$	3,065,472		$	98,703	$	3,164,175
	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 nine 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 expense (income) caption in the Business Segment Information for the nine months ended March 31, 2014. 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-Mar-14					30-Jun-13
		Gross Carrying			Accumulated		Gross Carrying			Accumulated
		Amount			Amortization		Amount			Amortization
	Patents	$	159,663		$	84,071	$	141,160		$	75,175
	Trademarks	389,863			168,824		386,619			148,319
	Customer lists and other	1,474,000			559,664		1,468,243			482,029
	Total	$	2,023,526		$	812,559	$	1,996,022		$	705,523
	Total intangible amortization expense for the nine months ended March 31, 2014 was $89,155. The estimated amortization expense for the five years ending June 30, 2014 through 2018 is $116,819, $111,444, $108,655, $103,886, and $100,647, 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 expense (income) caption in the Business Segment Information for the nine months ended March 31, 2014. 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	9 Months Ended
	Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]	'
Retirement Benefits	'
	Retirement benefits
	Net pension benefit cost recognized included the following components:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Service cost	$	24,935		$	24,839		$	74,621		$	79,856
	Interest cost	48,034			43,329			143,043			131,322
	Expected return on plan assets	(56,657		)	(52,863		)	(169,619		)	(158,279		)
	Amortization of prior service cost	2,949			3,618			8,843			10,846
	Amortization of net actuarial loss	39,914			50,347			119,593			150,495
	Amortization of initial net obligation	5			6			15			18
	Net pension benefit cost	$	59,180		$	69,276		$	176,496		$	214,258
	9. Retirement benefits, cont'd
	Net postretirement benefit cost recognized included the following components:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Service cost	$	54		$	255		$	466		$	619
	Interest cost	811			380			2,229			2,120
	Amortization of prior service benefit	(41		)	(55		)	(93		)	(78		)
	Amortization of net actuarial loss	56			781			756			1,037
	Net postretirement benefit cost	$	880		$	1,361		$	3,358		$	3,698

Income_Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income taxes
	The effective tax rate for the first nine months of fiscal 2014 was higher than the comparable prior-year period 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. See Note 12 to the Consolidated Financial Statements for further discussion.
	As of March 31, 2014, the Company had gross unrecognized tax benefits of $116,088. The total amount of gross unrecognized tax benefits that, if recognized, would affect the effective tax rate was $73,129. 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 $5,896.
	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	9 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Fair Value Measurements And Financial Instruments Disclosure [Text Block]	'
	Financial instruments
	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:
			March 31,				June 30,
			2014				2013
	Carrying value of long-term debt (excluding capital leases)		$	1,509,339			$	1,498,025
	Estimated fair value of long-term debt (excluding capital leases)		1,695,348				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.
	11. Financial instruments, cont'd
	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 March 31, 2014 and June 30, 2013:
			Balance Sheet Caption		March 31,				June 30,
					2014				2013
	Cross-currency swap contracts		Other liabilities		$	44,907			$	22,438
	Cash flow hedges
	Costless collar contracts		Accounts receivable, net		6,085				1,422
	Forward exchange contracts		Accounts receivable, net		(143		)		41
	Costless collar contracts		Other accrued liabilities		285				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 March 31, 2014 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.
	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								Nine Months Ended
		March 31,								March 31,
		2014				2013				2014				2013
	Forward exchange contracts	$	442			$	(5,724	)		$	(182	)		$	(10,288	)
	Costless collar contracts	766				(5,047		)		7,486				(1,875		)
	11. Financial instruments, cont'd
	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							Nine Months Ended
		March 31,							March 31,
		2014				2013			2014				2013
	Cross-currency swap contracts	$	(2,393	)		$	6,106		$	(13,881	)		$	(6,057	)
	Foreign denominated debt	(1,013		)		8,021			(7,895		)		5,165
	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 nine months ended March 31, 2014 and 2013.

Acquisitions_and_divestitures

Acquisitions and divestitures	9 Months Ended
	Mar. 31, 2014
Acquisitions and divestitures [Abstract]	'
Acquisitions and Divestitures	'
	12. Deconsolidation of subsidiary and divestitures
	Deconsolidation of subsidiary - During the first nine months of fiscal 2014, the Company and GE Aviation, a non-related party, finalized a joint venture in which the Company sold a 50 percent equity interest in one of its wholly-owned subsidiaries. The sale of the 50 percent equity interest in the wholly-owned subsidiary resulted in a loss of control of the subsidiary, and therefore it was deconsolidated from the Company's financial statements during the second quarter of fiscal 2014. The Company will account for its equity interest in the joint venture with GE Aviation using the equity method of accounting.
	The Company recognized a pre-tax gain of $413 million on the deconsolidation, measured as the fair value of the consideration received for the 50 percent equity interest in the former subsidiary and the fair value of the retained investment less the carrying amount of the former subsidiary's net assets. Approximately $186 million of the pre-tax gain is attributable to the remeasurement of the retained investment in the former subsidiary to its current fair value. The gain is reflected in the other (income), net caption in the Consolidated Statement of Income and the other expense (income) caption in the Business Segment Information for the nine months ended March 31, 2014.
	The fair value of the retained investment in the joint venture with GE Aviation was determined using both a market and income approach. Cash consideration paid was the primary input used for the market approach. The fair value calculated using an income approach required several assumptions including future projected cash flows discounted using a rate approximating the cost of capital of the joint venture and is classified within level 3 of the fair value hierarchy.
	Divestitures - During the first nine months of fiscal 2013, the Company divested the automotive businesses of the Mobile Climate Systems division and its Turkey refrigeration components business. Under the segment structure effective July 1, 2013, both of these businesses would have been part of the Diversified Industrial Segment. The Company recorded a net pre-tax gain in the first nine months of fiscal 2013 of $17 million related to the divestitures. The gain is reflected in the other (income), net caption in the Consolidated Statement of Income and the other expense (income) caption in the Business Segment Information for the nine months ended March 31, 2013.

Business_Segment_Information_T

Business Segment Information (Tables)	9 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Schedule of Segment Reporting Information By Industry	'
		Three Months Ended				Nine Months Ended
		March 31,				March 31,
		2014		2013		2014			2013
	Net sales
	Diversified Industrial:
	North America	$	1,455,212	$	1,428,430	$	4,168,489		$	4,171,089
	International	1,357,513		1,300,585		3,905,159			3,768,617
	Aerospace Systems	545,681		578,026		1,616,908			1,647,765
	Total	$	3,358,406	$	3,307,041	$	9,690,556		$	9,587,471
	Segment operating income
	Diversified Industrial:
	North America	$	242,998	$	224,487	$	677,824		$	658,993
	International	126,933		158,194		434,541			439,839
	Aerospace Systems	63,974		80,080		166,306			194,150
	Total segment operating income	433,905		462,761		1,278,671			1,292,982
	Corporate general and administrative expenses	38,377		41,410		132,406			126,578
	Income before interest expense and other expense	395,528		421,351		1,146,265			1,166,404
	Interest expense	20,594		23,050		62,403			70,775
	Other expense (income)	45,444		59,750		(65,034		)	158,391
	Income before income taxes	$	329,490	$	338,551	$	1,148,896		$	937,238

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2014
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 nine months ended March 31, 2014 and 2013.
		Three Months Ended				Nine Months Ended
		March 31,				March 31,
		2014		2013		2014		2013
	Numerator:
	Net income attributable to common shareholders	$	242,406	$	256,560	$	740,010	$	677,263
	Denominator:
	Basic - weighted average common shares	149,039,529		149,287,628		149,143,478		149,191,583
	Increase in weighted average common shares from dilutive effect of equity-based awards	2,700,088		3,072,984		2,418,798		2,661,939
	Diluted - weighted average common shares, assuming exercise of equity-based awards	151,739,617		152,360,612		151,562,276		151,853,522
	Basic earnings per share	$	1.63	$	1.72	$	4.96	$	4.54
	Diluted earnings per share	$	1.6	$	1.68	$	4.88	$	4.46

Accounts_receivable_net_Tables

Accounts receivable, net (Tables)	9 Months Ended
	Mar. 31, 2014
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:
		March 31,			June 30,
		2014			2013
	Accounts receivable, trade	$	1,870,056		$	1,855,644
	Allowance for doubtful accounts	(10,399		)	(14,824		)
	Non-trade accounts receivable	124,739			110,394
	Notes receivable	113,667			111,531
	Total	$	2,098,063		$	2,062,745

Business_realignment_charges_T

Business realignment charges (Tables)	9 Months Ended
	Mar. 31, 2014
Restructuring and Related Activities [Abstract]	'
Schedule of realignment charges	'
	The business realignment charges are presented in the Consolidated Statement of Income as follows:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014		2013
	Cost of sales	$	31,053		$	1,474		$	46,297	$	5,578
	Selling, general and administrative expenses	28,828			477			38,048		1,878
	Other (income), net	—			—			1,331		1,918
	Business realignment charges by business segment are as follows:
		Three Months Ended						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014		2013
	Diversified Industrial	$	59,582		$	1,951		$	83,420	$	7,456
	Aerospace Systems	299			—			925		—
	Work force reductions in connection with such business realignment charges by business segment are as follows:
		Three Months Ended					Nine Months Ended
		March 31,					March 31,
		2014		2013			2014		2013
	Diversified Industrial	572		184			1,154		532
	Aerospace Systems	17		—			44		—

Equity_Tables

Equity (Tables)	9 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Schedule of Stockholders Equity	'
	Changes in equity for the three months ended March 31, 2014 and 2013 are as follows:
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at December 31, 2013	$	6,295,226			$	3,060			$	6,298,286
	Net income	242,406				112				242,518
	Other comprehensive income	26,077				86				26,163
	Dividends paid	(71,777		)		(21		)		(71,798		)
	Stock incentive plan activity	9,064				—				9,064
	Shares purchased at cost	(50,000		)		—				(50,000		)
	Balance at March 31, 2014	$	6,450,996			$	3,237			$	6,454,233
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at December 31, 2012	$	5,325,717			$	3,272			$	5,328,989
	Net income	256,560				32				256,592
	Other comprehensive income (loss)	(88,696		)		46				(88,650		)
	Dividends paid	(64,377		)		—				(64,377		)
	Stock incentive plan activity	28,996				—				28,996
	Shares purchased at cost	(49,142		)		—				(49,142		)
	Balance at March 31, 2013	$	5,409,058			$	3,350			$	5,412,408
	7. Equity, cont'd
	Changes in equity for the nine months ended March 31, 2014 and 2013 are as follows:
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at June 30, 2013	$	5,738,426			$	3,055			$	5,741,481
	Net income	740,010				232				740,242
	Other comprehensive income (loss)	260,756				(29		)		260,727
	Dividends paid	(206,495		)		(21		)		(206,516		)
	Stock incentive plan activity	68,299				—				68,299
	Shares purchased at cost	(150,000		)		—				(150,000		)
	Balance at March 31, 2014	$	6,450,996			$	3,237			$	6,454,233
		Shareholders’				Noncontrolling				Total Equity
		Equity				Interests
	Balance at June 30, 2012	$	4,896,515			$	9,215			$	4,905,730
	Net income	677,263				391				677,654
	Other comprehensive income (loss)	140,064				(1,478		)		138,586
	Dividends paid	(186,978		)		(727		)		(187,705		)
	Stock incentive plan activity	85,282				—				85,282
	Acquisition activity	3,231				(4,051		)		(820		)
	Shares purchased at cost	(206,319		)		—				(206,319		)
	Balance at March 31, 2013	$	5,409,058			$	3,350			$	5,412,408
	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	178,802				—				—			178,802
	Amounts reclassified from accumulated other comprehensive (loss)	—				81,801				153			81,954
	Balance at March 31, 2014	$	110,474			$	(957,271	)		$	(280	)	$	(847,077	)
	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				Nine Months Ended
			31-Mar-14				31-Mar-14
	Retirement benefit plans
	Amortization of prior service cost and initial net obligation		$	(2,913	)		$	(8,765	)		See Note 9
	Recognized actuarial loss		(39,970		)		(120,349		)		See Note 9
	Total before tax		(42,883		)		(129,114		)
	Tax benefit		15,704				47,313				Income taxes
	Net of tax		$	(27,179	)		$	(81,801	)
	Other
	Realized loss on cash flow hedges		$	(76	)		$	(228	)		Interest expense
	Tax benefit		25				75				Income taxes
	Net of tax		$	(51	)		$	(153	)

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of goodwill	'
	The changes in the carrying amount of goodwill for the nine months ended March 31, 2014 are as follows:
		Diversified Industrial			Aerospace		Total
		Segment			Systems
					Segment
	Balance at June 30, 2013	$	3,125,175		$	98,340	$	3,223,515
	Acquisitions	618			—		618
	Impairment	(140,334		)	—		(140,334		)
	Foreign currency translation and other	80,013			363		80,376
	Balance at March 31, 2014	$	3,065,472		$	98,703	$	3,164,175
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-Mar-14					30-Jun-13
		Gross Carrying			Accumulated		Gross Carrying			Accumulated
		Amount			Amortization		Amount			Amortization
	Patents	$	159,663		$	84,071	$	141,160		$	75,175
	Trademarks	389,863			168,824		386,619			148,319
	Customer lists and other	1,474,000			559,664		1,468,243			482,029
	Total	$	2,023,526		$	812,559	$	1,996,022		$	705,523

Retirement_Benefits_Tables

Retirement Benefits (Tables)	9 Months Ended
	Mar. 31, 2014
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						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Service cost	$	24,935		$	24,839		$	74,621		$	79,856
	Interest cost	48,034			43,329			143,043			131,322
	Expected return on plan assets	(56,657		)	(52,863		)	(169,619		)	(158,279		)
	Amortization of prior service cost	2,949			3,618			8,843			10,846
	Amortization of net actuarial loss	39,914			50,347			119,593			150,495
	Amortization of initial net obligation	5			6			15			18
	Net pension benefit cost	$	59,180		$	69,276		$	176,496		$	214,258
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						Nine Months Ended
		March 31,						March 31,
		2014			2013			2014			2013
	Service cost	$	54		$	255		$	466		$	619
	Interest cost	811			380			2,229			2,120
	Amortization of prior service benefit	(41		)	(55		)	(93		)	(78		)
	Amortization of net actuarial loss	56			781			756			1,037
	Net postretirement benefit cost	$	880		$	1,361		$	3,358		$	3,698

Financial_Instruments_Tables

Financial Instruments (Tables)	9 Months Ended
	Mar. 31, 2014
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 March 31, 2014 and June 30, 2013:
			Balance Sheet Caption		March 31,				June 30,
					2014				2013
	Cross-currency swap contracts		Other liabilities		$	44,907			$	22,438
	Cash flow hedges
	Costless collar contracts		Accounts receivable, net		6,085				1,422
	Forward exchange contracts		Accounts receivable, net		(143		)		41
	Costless collar contracts		Other accrued liabilities		285				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								Nine Months Ended
		March 31,								March 31,
		2014				2013				2014				2013
	Forward exchange contracts	$	442			$	(5,724	)		$	(182	)		$	(10,288	)
	Costless collar contracts	766				(5,047		)		7,486				(1,875		)
	11. Financial instruments, cont'd
	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							Nine Months Ended
		March 31,							March 31,
		2014				2013			2014				2013
	Cross-currency swap contracts	$	(2,393	)		$	6,106		$	(13,881	)		$	(6,057	)
	Foreign denominated debt	(1,013		)		8,021			(7,895		)		5,165

Business_Segment_Information_D

Business Segment Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	$3,358,406	$3,307,041	$9,690,556	$9,587,471
Segment Operating Income	433,905	462,761	1,278,671	1,292,982
Corporate general and administrative expenses	38,377	41,410	132,406	126,578
Income before interest expense and other expense	395,528	421,351	1,146,265	1,166,404
Interest expense	20,594	23,050	62,403	70,775
Other expense	45,444	59,750	-65,034	158,391
Income before income taxes	329,490	338,551	1,148,896	937,238
Industrial segment [Member] | North America [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	1,455,212	1,428,430	4,168,489	4,171,089
Segment Operating Income	242,998	224,487	677,824	658,993
Industrial segment [Member] | International [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	1,357,513	1,300,585	3,905,159	3,768,617
Segment Operating Income	126,933	158,194	434,541	439,839
Aerospace Segment [Member]	'	'	'	'
Segment Reporting Information [Line Items]	'	'	'	'
Net sales	545,681	578,026	1,616,908	1,647,765
Segment Operating Income	$63,974	$80,080	$166,306	$194,150

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		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Numerator:	'	'	'	'
Net income attributable to common shareholders	$242,406	$256,560	$740,010	$677,263
Denominator:	'	'	'	'
Basic - weighted average common shares	149,039,529	149,287,628	149,143,478	149,191,583
Increase in weighted average common shares from dilutive effect of equity-based awards	2,700,088	3,072,984	2,418,798	2,661,939
Diluted - weighted average common shares, assuming exercise of equity-based awards	151,739,617	152,360,612	151,562,276	151,853,522
Basic earnings per share (in usd per share)	$1.63	$1.72	$4.96	$4.54
Diluted earnings per share (in usd per share)	$1.60	$1.68	$4.88	$4.46

Earnings_Per_Share_Antidilutiv

Earnings Per Share - Anti-dilutive	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
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	375,282	345,779	1,265,717	1,160,648

Share_repurchase_program_Detai

Share repurchase program (Details) (USD $)	3 Months Ended	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2014
Equity, Class of Treasury Stock [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)	415,076	1,339,061
Treasury Stock Acquired, Average Cost Per Share	$120.46	$112.02
Maximum [Member]	'	'
Equity, Class of Treasury Stock [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 $)	Mar. 31, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified
Accounts Receivable, Net [Abstract]	'	'
Accounts receivable, trade	$1,870,056	$1,855,644
Allowance for doubtful accounts	-10,399	-14,824
Non-trade accounts receivable	124,739	110,394
Notes receivable	113,667	111,531
Total	$2,098,063	$2,062,745

Business_realignment_charges_S

Business realignment charges - Segments (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Cost of Sales [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	$31,053	$1,474	$46,297	$5,578
Selling, General and Administrative Expenses [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	28,828	477	38,048	1,878
Other Expense (Income), Net [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	0	0	1,331	1,918
Industrial segment [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	59,582	1,951	83,420	7,456
Aerospace Segment [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	299	0	925	0
Other Expense [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	'	'	$1,331	$1,918

Business_realignment_charges_W

Business realignment charges - Work Force Reductions by Business Segment (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
	employee	employee	employee	employee
Industrial segment [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges, number of positions eliminated	572	184	1,154	532
Aerospace Segment [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges, number of positions eliminated	17	0	44	0
Other Expense [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges, number of positions eliminated	'	'	'	98

Business_Realignment_Charges_I

Business Realignment Charges - Income Statement Location (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Employee severance [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Restructuring reserve, settled with cash	'	'	$15,000,000	'
Restructuring Reserve, Current	65,000,000	'	65,000,000	'
Cost of sales [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	31,053,000	1,474,000	46,297,000	5,578,000
Selling, general and administrative expenses [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	28,828,000	477,000	38,048,000	1,878,000
Other Expense (Income), Net [Member]	'	'	'	'
Realignment charges [Line Items]	'	'	'	'
Realignment charges	$0	$0	$1,331,000	$1,918,000

Equity_Changes_in_Equity_Detai

Equity Changes in Equity (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Jun. 30, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Beginning balance	$6,298,286	$5,328,989	$5,741,481	$4,905,730	'
Net income	242,518	256,592	740,242	677,654	'
Other Comprehensive Income (Loss), Net of Tax	26,163	-88,650	260,727	138,586	'
Dividends paid	-71,798	-64,377	-206,516	-187,705	'
Stock incentive plan activity	9,064	28,996	68,299	85,282	'
Acquisition activity	'	'	'	-820	'
Shares purchased at cost	-50,000	-49,142	-150,000	-206,319	'
Ending balance	6,454,233	5,412,408	6,454,233	5,412,408	'
Accumulated Other Comprehensive Income (Loss), Net of Tax	-847,077	'	-847,077	'	-1,107,833
Other Comprehensive Income (Loss), Amortization, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost Recognized in Net Periodic Benefit Cost, before Tax	-2,913	'	-8,765	'	'
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax	-39,970	'	-120,349	'	'
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	-42,883	'	-129,114	'	'
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Tax	15,704	'	47,313	'	'
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax	-27,179	'	-81,801	'	'
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, before Tax	-76	'	-228	'	'
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax	25	'	75	'	'
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	-51	-51	-153	-153	'
Shareholders' Equity [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Beginning balance	6,295,226	5,325,717	5,738,426	4,896,515	'
Net income	242,406	256,560	740,010	677,263	'
Other Comprehensive Income (Loss), Net of Tax	26,077	-88,696	260,756	140,064	'
Dividends paid	-71,777	-64,377	-206,495	-186,978	'
Stock incentive plan activity	9,064	28,996	68,299	85,282	'
Acquisition activity	'	'	'	3,231	'
Shares purchased at cost	-50,000	-49,142	-150,000	-206,319	'
Ending balance	6,450,996	5,409,058	6,450,996	5,409,058	'
Noncontrolling Interests [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Beginning balance	3,060	3,272	3,055	9,215	'
Net income	112	32	232	391	'
Other Comprehensive Income (Loss), Net of Tax	86	46	-29	-1,478	'
Dividends paid	-21	0	-21	-727	'
Stock incentive plan activity	0	0	0	0	'
Acquisition activity	'	'	'	-4,051	'
Shares purchased at cost	0	0	0	0	'
Ending balance	3,237	3,350	3,237	3,350	'
Accumulated Translation Adjustment [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Accumulated Other Comprehensive Income (Loss), Net of Tax	110,474	'	110,474	'	-68,328
Other Comprehensive Income (Loss) before Reclassifications, Net of Tax	'	'	178,802	'	'
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	'	'	0	'	'
Accumulated Defined Benefit Plans Adjustment [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Accumulated Other Comprehensive Income (Loss), Net of Tax	-957,271	'	-957,271	'	-1,039,072
Other Comprehensive Income (Loss) before Reclassifications, Net of Tax	'	'	0	'	'
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	'	'	81,801	'	'
Accumulated Other Comprehensive Income (Loss), Other [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Accumulated Other Comprehensive Income (Loss), Net of Tax	-280	'	-280	'	-433
Other Comprehensive Income (Loss) before Reclassifications, Net of Tax	'	'	0	'	'
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	'	'	153	'	'
Accumulated Other Comprehensive Income (Loss) [Member]	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Accumulated Other Comprehensive Income (Loss), Net of Tax	-847,077	'	-847,077	'	-1,107,833
Other Comprehensive Income (Loss) before Reclassifications, Net of Tax	'	'	178,802	'	'
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment Realized upon Sale or Liquidation, Net of Tax	'	'	$81,954	'	'

Goodwill_Detail

Goodwill (Detail) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Goodwill [Roll Forward]	'
Beginning balance	$3,223,515
Goodwill, Acquisitions	618
Goodwill, Impairment Loss	-140,334
Goodwill, Foreign currency translation and other	80,376
Ending balance	3,164,175
Industrial [Member]	'
Goodwill [Roll Forward]	'
Beginning balance	3,125,175
Goodwill, Acquisitions	618
Goodwill, Impairment Loss	-140,334
Goodwill, Foreign currency translation and other	80,013
Ending balance	3,065,472
Aerospace Segment [Member]	'
Goodwill [Roll Forward]	'
Beginning balance	98,340
Goodwill, Acquisitions	0
Goodwill, Impairment Loss	0
Goodwill, Foreign currency translation and other	363
Ending balance	$98,703

Intangible_Assets_Detail

Intangible Assets (Detail) (USD $)	9 Months Ended
	Mar. 31, 2014	Jun. 30, 2013
Finite-Lived Intangible Asset [Line Items]	'	'
Finite-lived intangible assets, gross carrying amount	$2,023,526,000	$1,996,022,000
Finite-lived intangible assets, accumulated amortization	812,559,000	705,523,000
Intangible amortization expense	89,155,000	'
Impairment of Intangible Assets, Finite-lived	43,700,000	'
Estimated amortization expense, year ending June 30, 2014	116,819,000	'
Estimated amortization expense, year ending June 30, 2015	111,444,000	'
Estimated amortization expense, year ending June 30, 2016	108,655,000	'
Estimated amortization expense, year ending June 30, 2017	103,886,000	'
Estimated amortization expense, year ending June 30, 2018	100,647,000	'
Patents [Member]	'	'
Finite-Lived Intangible Asset [Line Items]	'	'
Finite-lived intangible assets, gross carrying amount	159,663,000	141,160,000
Finite-lived intangible assets, accumulated amortization	84,071,000	75,175,000
Trademarks [Member]	'	'
Finite-Lived Intangible Asset [Line Items]	'	'
Finite-lived intangible assets, gross carrying amount	389,863,000	386,619,000
Finite-lived intangible assets, accumulated amortization	168,824,000	148,319,000
Customer lists and other [Member]	'	'
Finite-Lived Intangible Asset [Line Items]	'	'
Finite-lived intangible assets, gross carrying amount	1,474,000,000	1,468,243,000
Finite-lived intangible assets, accumulated amortization	$559,664,000	$482,029,000

Retirement_Benefits_Additional

Retirement Benefits - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Pension Plans, Defined Benefit	'	'	'	'
Defined Benefit Plans Disclosure [Line Items]	'	'	'	'
Defined Benefit Plan, Service Cost	$24,935	$24,839	$74,621	$79,856
Defined Benefit Plan, Interest Cost	48,034	43,329	143,043	131,322
Defined Benefit Plan, Expected Return on Plan Assets	-56,657	-52,863	-169,619	-158,279
Defined Benefit Plan, Amortization of Prior Service Cost	2,949	3,618	8,843	10,846
Defined Benefit Plan, Amortization of Net Actuarial Loss	39,914	50,347	119,593	150,495
Defined Benefit Plan, Amortization of initial net obligations (assets)	5	6	15	18
Defined Benefit Plan, Net pension benefit cost	59,180	69,276	176,496	214,258
Other Postretirement Benefit Plans, Defined Benefit	'	'	'	'
Defined Benefit Plans Disclosure [Line Items]	'	'	'	'
Defined Benefit Plan, Service Cost	54	255	466	619
Defined Benefit Plan, Interest Cost	811	380	2,229	2,120
Defined Benefit Plan, Amortization of Prior Service Cost	-41	-55	-93	-78
Defined Benefit Plan, Amortization of Net Actuarial Loss	56	781	756	1,037
Defined Benefit Plan, Net pension benefit cost	$880	$1,361	$3,358	$3,698

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified
Income Tax Disclosure [Abstract]	'
Unrecognized tax benefits	$116,088
Amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate	73,129
Accrued interest related to the gross unrecognized tax benefits excluded from the unrecognized tax benefits	$5,896

Financial_Instruments_Addition

Financial Instruments - Additional Information (Detail) (USD $)	Mar. 31, 2014	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	$1,509,339	$1,498,025
Fair value of long-term debt, excluding leases	$1,695,348	$1,654,886

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 $)	Mar. 31, 2014	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	$44,907	$22,438
Costless collar contracts [Member] | Accounts receivable [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Cash flow hedge derivative instrument assets at fair value	6,085	1,422
Costless collar contracts [Member] | Other accrued liabilities [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Cash flow hedge derivative instrument liabilities at fair value	285	953
Forward exchange contract [Member] | Accounts receivable [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Cash flow hedge derivative instrument assets at fair value	($143)	$41

Gain_Losses_on_Derivative_Fina

Gain (Losses) on Derivative Financial Instruments (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
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	$442	($5,724)	($182)	($10,288)
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	766	-5,047	7,486	-1,875
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)	-2,393	6,106	-13,881	-6,057
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)	($1,013)	$8,021	($7,895)	$5,165

Acquisitions_and_divestitures_

Acquisitions and divestitures (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Significant Acquisitions and Disposals [Line Items]	'	'	'	'
Equity Interest Sold	'	'	50.00%	'
Deconsolidation, Gain (Loss), Amount	'	'	$412,612,000	$0
Deconsolidation, Revaluation of Retained Investment, Gain (Loss), Amount	'	'	186,000,000	'
Payments to Acquire Businesses, Net of Cash Acquired	'	'	14,272,000	620,647,000
Revenue, Net	3,358,406,000	3,307,041,000	9,690,556,000	9,587,471,000
Mobile Climate Systems Division & Turkey Refrigeration Business [Member]	'	'	'	'
Significant Acquisitions and Disposals [Line Items]	'	'	'	'
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	'	'	'	$17,000,000