v3.26.1
Equity
 12 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Equity Equity
Changes in accumulated other comprehensive loss within Parker's shareholders' equity by component are as follows:
202620252024
Foreign Currency Translation Adjustment and Other
Beginning balance$(717)$(1,130)$(962)
Other comprehensive income (loss) before reclassifications(81)418 (153)
Income tax5 (5)(15)
Other comprehensive income (loss), net of tax(76)413 (168)
Ending balance$(793)$(717)$(1,130)
Retirement Benefit Plans
Beginning balance$(166)$(308)$(331)
Other comprehensive income (loss) before reclassifications190 163 23 
Income tax(45)(34)(6)
Reclassified from accumulated other comprehensive loss:
Amortization of net actuarial loss and other(1)
15 18 8 
Tax benefit(4)(5)(2)
Other comprehensive income (loss), net of tax156 142 23 
Ending balance$(10)$(166)$(308)
Total accumulated other comprehensive loss ending balance$(803)$(883)$(1,438)
(1) The amounts reclassified include the amortization of net actuarial loss, amortization of prior service cost and gains or losses related to settlements. These costs are included in the computation of net periodic benefit cost (credit) which is recorded in other expense (income), net. Refer to Note 12 for additional information.
Share Repurchase Program
On October 22, 2014, the Board of Directors approved a share repurchase program authorizing the repurchase of up to 35.0 million of the Company's common shares. On August 21, 2025, the Board of Directors approved an update to the number of shares available under the Company's existing share repurchase authorization so that the aggregate number of shares available for repurchase as of such date was 20.0 million. There is no limitation on the number of shares that can be repurchased in a year and there is no expiration date for the program. Repurchases may be funded primarily from operating cash flows and commercial paper borrowings and the shares are initially held as treasury shares.
Under our share repurchase programs, we repurchased 1.2 million, 2.5 million, and 0.4 million shares for $1.0 billion, $1.6 billion and $200 million during 2026, 2025 and 2024, respectively. As of June 30, 2026, we had 18.8 million shares available under this repurchase authorization.