Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 501	$ 467
Trade accounts receivable, net of allowances of $7 and $10	3,170	2,910
Non-trade and notes receivable	303	318
Inventories	3,166	2,839
Prepaid expenses	355	263
Other current assets	200	153
Total current assets	7,695	6,950
Property, plant and equipment, net of accumulated depreciation of $4,625 and $4,480	3,020	2,937
Deferred income taxes	238	270
Other long-term assets	1,535	1,269
Intangible assets, net	7,280	7,374
Goodwill	11,109	10,694
Total assets	30,877	29,494
Current liabilities:
Notes payable and long-term debt payable within one year	1,754	1,791
Accounts payable, trade	2,439	2,126
Accrued payrolls and other compensation	658	587
Other current liabilities	1,245	1,315
Total current liabilities	6,096	5,819
Long-term debt	6,766	7,494
Pensions and other postretirement benefits	224	267
Deferred income taxes	1,630	1,490
Other long-term liabilities	748	733
Total liabilities	15,464	15,803
Shareholders' equity:
Serial preferred stock, $.50 par value, authorized 3.0 shares; none issued	0	0
Common stock, $.50 par value, authorized 600.0 shares; issued 181.0 shares	91	91
Additional paid-in capital	818	194
Retained earnings	24,487	21,775
Accumulated other comprehensive loss	(803)	(883)
Treasury shares at cost: 55.0 shares and 54.4 shares	(9,189)	(7,495)
Total shareholders' equity	15,404	13,682
Noncontrolling interests	9	9
Total equity	15,413	13,691
Total liabilities and equity	$ 30,877	$ 29,494

Non-Trade and Notes Receivable

No definition available.

Name:	ph_NonTradeAndNotesReceivable
Namespace Prefix:	ph_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).