v3.26.3
Pay vs Performance Disclosure
6 Months Ended 12 Months Ended 24 Months Ended 36 Months Ended 48 Months Ended 60 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Pay vs Performance Disclosure                      
Pay vs Performance Disclosure, Table    
Pay Versus Performance Table
In accordance with rules adopted by the SEC, we provide the following disclosure regarding executive compensation for our principal executive officers (“PEOs”) and Non-PEO NEOs (as defined below) and Company performance for the fiscal years listed below. The Human Resources and Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
Summary
Compensation
Table Total for
PEO 1(1)
($)
Summary
Compensation
Table Total for
PEO 2(1)
($)
Compensation
Actually Paid to
PEO 1(1)(2)(3)
($)
Compensation
Actually Paid to
PEO 2(1)(2)(3)
($)
Average
Summary
Compensation
Table Total for
Non-PEO NEOs(1)
($)
Average
Compensation
Actually Paid to
Non-PEO
NEOs(1)(2)(3)
($)
Value of Initial Fixed $100
Investment Based on:(4)
Net
Income
($ Millions)
EPS Growth
Relative to
Peer Group(5)
Fiscal
Year
TSR
($)
Peer Group
TSR
($)
2026— 22,761,169 — 55,775,920 7,446,635 14,418,185 339.67 195.84 3,649 53rd Percentile
2025— 19,317,705 — 45,272,113 6,529,885 11,842,642 408.78 233.00 3,532 68th Percentile
2024— 18,735,187 — 35,615,063 8,190,674 11,353,217 293.00 189.61 2,845 70th Percentile
202318,657,423 16,404,346 44,288,911 35,395,261 7,044,646 16,016,277 223.03 164.12 2,084 78th Percentile
202218,448,169 — 14,327,292 — 5,842,460 5,316,820 138.26 131.12 1,316 28th Percentile
(6)
               
Company Selected Measure Name     EPS Growth Relative to Peer Group                
Named Executive Officers, Footnote     Thomas L. Williams was our PEO during the period covered by the table through December 31, 2022 (“PEO 1”). Jennifer A. Parmentier was our PEO from January 1, 2023, through the end of the period covered by the table (“PEO 2”). The individuals comprising the non-PEO named executive officers ("Non-PEO NEOs") for each fiscal year presented are listed below.                
Peer Group Issuers, Footnote     The Peer Group TSR set forth in this table utilizes the S&P 500 Industrials (Sector) Index (“S&P Industrials Index”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the fiscal year ended June 30, 2026. The comparison assumes $100 was invested (with reinvestment of dividends) for the period starting June 30, 2021, through the end of the listed fiscal year in the Company and in the S&P Industrials Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.                
Adjustment To PEO Compensation, Footnote     Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs in accordance with SEC rules. The exclusions and inclusions for fiscal year 2026 are set forth in the tables below. Equity award values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards columns are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table for the listed fiscal year. Amounts in the Exclusion of Change in Pension Value columns reflect the amounts attributable to any positive Change in Pension Value reported in the Summary Compensation Table for the listed fiscal year. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed fiscal year.
Fiscal YearSummary
Compensation
Table Total
for PEO 2
($)
Exclusion of Change
in Pension Value for
PEO 2
($)
Exclusion of Stock
Awards and Option
Awards for PEO 2
($)
Inclusion of
Pension Service
Cost for PEO 2
($)
Inclusion of Equity
Values for PEO 2
($)
Compensation
Actually Paid to
PEO 2
($)
202622,761,169 — (15,428,837)— 48,443,588 55,775,920 
Fiscal YearAverage Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Exclusion of
Average Change in
Pension Value for
Non-PEO NEOs
($)
Exclusion of
Average Stock
Awards and Option
Awards for Non-
PEO NEOs
($)
Inclusion of
Average Pension
Service Cost for
Non-PEO NEOs
($)
Inclusion of
Average Equity
Values for Non-PEO
NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
20267,446,635 (696,908)(3,988,490)224,666 11,432,282 14,418,185 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Fiscal YearYear-End Fair
Value of Equity
Awards Granted
During Fiscal Year
That Remained
Unvested as of
Last Day of Fiscal
Year for PEO 2
($)
Change in Fair
Value from Last
Day of Prior Fiscal
Year to Last Day of
Fiscal Year of
Unvested Prior-
Fiscal Year Equity
Awards for PEO 2
($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Fiscal Year
that Vested
During Fiscal
Year for PEO 2
($)
Change in Fair
Value from
Last Day of Prior
Fiscal Year to
Vesting Date
of Unvested
Prior-Fiscal Year
Equity Awards
that Vested
During Fiscal
Year for PEO 2
($)
Fair Value at
Last Day
of Prior Fiscal
Year of
Equity Awards
Forfeited
During Fiscal
Year for PEO 2
($)
Total - Inclusion
of Equity Values
for PEO 2
($)
202624,506,781 19,071,973 — 4,864,834 — 48,443,588 
Fiscal YearAverage Year-End
Fair Value of Equity
Awards Granted
During Fiscal Year
That Remained
Unvested as of Last
Day of Fiscal Year
for Non-PEO NEOs
($)
Average Change in
Fair Value from
Last Day of Prior
Fiscal Year to Last
Day of Fiscal Year
of Unvested Prior-
Fiscal Year Equity
Awards for Non-
PEO NEOs
($)
Average Vesting-
Date Fair Value of
Equity Awards
Granted During
Fiscal Year that
Vested During
Fiscal Year for
Non-PEO NEOs
($)
Average Change in
Fair Value
from Last
Day of Prior Fiscal
Year to Vesting
Date of
Unvested Prior-
Fiscal Year Equity
Awards that Vested
During Fiscal
Year for
Non-PEO NEOs
($)
Average Fair
Value at
Last Day of Prior
Fiscal Year of
Equity Awards
Forfeited During
Fiscal Year for
Non-PEO NEOs
($)
Total - Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
20266,519,998 3,900,898 — 1,011,386 — 11,432,282 
               
Non-PEO NEO Average Total Compensation Amount     $ 7,446,635 $ 6,529,885 $ 8,190,674 $ 7,044,646 $ 5,842,460        
Non-PEO NEO Average Compensation Actually Paid Amount     $ 14,418,185 11,842,642 11,353,217 16,016,277 5,316,820        
Adjustment to Non-PEO NEO Compensation Footnote     Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs in accordance with SEC rules. The exclusions and inclusions for fiscal year 2026 are set forth in the tables below. Equity award values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards columns are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table for the listed fiscal year. Amounts in the Exclusion of Change in Pension Value columns reflect the amounts attributable to any positive Change in Pension Value reported in the Summary Compensation Table for the listed fiscal year. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed fiscal year.
Fiscal YearSummary
Compensation
Table Total
for PEO 2
($)
Exclusion of Change
in Pension Value for
PEO 2
($)
Exclusion of Stock
Awards and Option
Awards for PEO 2
($)
Inclusion of
Pension Service
Cost for PEO 2
($)
Inclusion of Equity
Values for PEO 2
($)
Compensation
Actually Paid to
PEO 2
($)
202622,761,169 — (15,428,837)— 48,443,588 55,775,920 
Fiscal YearAverage Summary
Compensation
Table Total for
Non-PEO NEOs
($)
Exclusion of
Average Change in
Pension Value for
Non-PEO NEOs
($)
Exclusion of
Average Stock
Awards and Option
Awards for Non-
PEO NEOs
($)
Inclusion of
Average Pension
Service Cost for
Non-PEO NEOs
($)
Inclusion of
Average Equity
Values for Non-PEO
NEOs
($)
Average
Compensation
Actually Paid to
Non-PEO NEOs
($)
20267,446,635 (696,908)(3,988,490)224,666 11,432,282 14,418,185 
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Fiscal YearYear-End Fair
Value of Equity
Awards Granted
During Fiscal Year
That Remained
Unvested as of
Last Day of Fiscal
Year for PEO 2
($)
Change in Fair
Value from Last
Day of Prior Fiscal
Year to Last Day of
Fiscal Year of
Unvested Prior-
Fiscal Year Equity
Awards for PEO 2
($)
Vesting-Date Fair
Value of Equity
Awards Granted
During Fiscal Year
that Vested
During Fiscal
Year for PEO 2
($)
Change in Fair
Value from
Last Day of Prior
Fiscal Year to
Vesting Date
of Unvested
Prior-Fiscal Year
Equity Awards
that Vested
During Fiscal
Year for PEO 2
($)
Fair Value at
Last Day
of Prior Fiscal
Year of
Equity Awards
Forfeited
During Fiscal
Year for PEO 2
($)
Total - Inclusion
of Equity Values
for PEO 2
($)
202624,506,781 19,071,973 — 4,864,834 — 48,443,588 
Fiscal YearAverage Year-End
Fair Value of Equity
Awards Granted
During Fiscal Year
That Remained
Unvested as of Last
Day of Fiscal Year
for Non-PEO NEOs
($)
Average Change in
Fair Value from
Last Day of Prior
Fiscal Year to Last
Day of Fiscal Year
of Unvested Prior-
Fiscal Year Equity
Awards for Non-
PEO NEOs
($)
Average Vesting-
Date Fair Value of
Equity Awards
Granted During
Fiscal Year that
Vested During
Fiscal Year for
Non-PEO NEOs
($)
Average Change in
Fair Value
from Last
Day of Prior Fiscal
Year to Vesting
Date of
Unvested Prior-
Fiscal Year Equity
Awards that Vested
During Fiscal
Year for
Non-PEO NEOs
($)
Average Fair
Value at
Last Day of Prior
Fiscal Year of
Equity Awards
Forfeited During
Fiscal Year for
Non-PEO NEOs
($)
Total - Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
20266,519,998 3,900,898 — 1,011,386 — 11,432,282 
               
Compensation Actually Paid vs. Total Shareholder Return    
Relationship Between PEO and Average Non-PEO NEO Compensation Actually Paid and Total Shareholder Return (“TSR”)
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, the Company’s cumulative TSR, and the Peer Group TSR over the five most recently completed fiscal years.
PEO and Average Non-PEO NEO Compensation Actually Paid Versus TSR
03_PH_bar_CAP vs TSR.jpg
               
Compensation Actually Paid vs. Net Income    
Relationship Between PEO and Average Non-PEO NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the five most recently completed fiscal years.
PEO and Average Non-PEO NEO Compensation Actually Paid Versus Net Income
03_PH_bar_CAP vs  Net  Income.jpg
               
Compensation Actually Paid vs. Company Selected Measure    
Relationship Between PEO and Average Non-PEO NEO Compensation Actually Paid and EPS Growth Relative to Peer Group
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our EPS Growth Relative to Peer Group during the five most recently completed fiscal years.
PEO and Average Non-PEO NEO Compensation Actually Paid Versus EPS Growth Relative to Peer Group
03_PH_bar_CAP vs EPS.jpg
               
Tabular List, Table    
2026 Performance Measures
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO 2 and other NEOs for fiscal year 2026 to Company performance. The measures in this table are not ranked.
EPS Growth Relative to Peer Group
Segment Operating Income
Sales Revenue
Cash Flow Margin
Revenue Growth Relative to Peer Group
Average Return on Invested Capital Relative to Peer Group
               
Total Shareholder Return Amount             138.26 $ 223.03 $ 293.00 $ 408.78 $ 339.67
Peer Group Total Shareholder Return Amount             131.12 $ 164.12 $ 189.61 $ 233.00 $ 195.84
Net Income (Loss)     $ 3,649,000,000 $ 3,532,000,000 $ 2,845,000,000 $ 2,084,000,000 $ 1,316,000,000        
Company Selected Measure Amount     53 68 70 78 28        
PEO Name Jennifer A. Parmentier Thomas L. Williams Jennifer A. Parmentier Jennifer A. Parmentier Jennifer A. Parmentier   Thomas L. Williams        
Measure:: 1                      
Pay vs Performance Disclosure                      
Name     EPS Growth Relative to Peer Group                
Non-GAAP Measure Description     We determined EPS Growth Relative to Peer Group to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO 2 and Non-PEO NEOs in fiscal year 2026. As described in the Compensation Discussion & Analysis, the LTIP Award for the three-calendar-year performance period is, in part, based on a comparison of the Company’s EPS growth relative to the Peer Group companies in the aggregate. However, in compliance with SEC guidance, the table above reflects our relative as reported earnings per share performance for each listed fiscal year as compared with the Peer Group companies disclosed in the Compensation Discussion & Analysis for each such fiscal year.                
Measure:: 2                      
Pay vs Performance Disclosure                      
Name     Segment Operating Income                
Measure:: 3                      
Pay vs Performance Disclosure                      
Name     Sales Revenue                
Measure:: 4                      
Pay vs Performance Disclosure                      
Name     Cash Flow Margin                
Measure:: 5                      
Pay vs Performance Disclosure                      
Name     Revenue Growth Relative to Peer Group                
Measure:: 6                      
Pay vs Performance Disclosure                      
Name     Average Return on Invested Capital Relative to Peer Group                
Williams [Member]                      
Pay vs Performance Disclosure                      
PEO Total Compensation Amount     $ 0 $ 0 $ 0 $ 18,657,423 $ 18,448,169        
PEO Actually Paid Compensation Amount     0 0 0 44,288,911 14,327,292        
Parmentier [Member]                      
Pay vs Performance Disclosure                      
PEO Total Compensation Amount     22,761,169 19,317,705 18,735,187 16,404,346 0        
PEO Actually Paid Compensation Amount     55,775,920 $ 45,272,113 $ 35,615,063 $ 35,395,261 $ 0        
PEO | Parmentier [Member] | Exclusion of Change in Pension Value for PEO 2 ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     0                
PEO | Parmentier [Member] | Exclusion of Stock Awards and Option Awards for PEO 2 ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     (15,428,837)                
PEO | Parmentier [Member] | Inclusion of Pension Service Cost for PEO 2 ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     0                
PEO | Parmentier [Member] | Inclusion of Equity Values for PEO 2 ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     48,443,588                
PEO | Parmentier [Member] | Year-End Fair Value of Equity Awards Granted During Fiscal Year That Remained Unvested as of Last Day of Fiscal Year for PEO 2 ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     24,506,781                
PEO | Parmentier [Member] | Change in Fair Value from Last Day of Prior Fiscal Year to Last Day of Fiscal Year of Unvested Prior- Fiscal Year Equity Awards for PEO 2 ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     19,071,973                
PEO | Parmentier [Member] | Vesting-Date Fair Value of Equity Awards Granted During Fiscal Year that Vested During Fiscal Year for PEO 2 ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     0                
PEO | Parmentier [Member] | Change in Fair Value from Last Day of Prior Fiscal Year to Vesting Date of Unvested Prior-Fiscal Year Equity Awards that Vested During Fiscal Year for PEO 2 ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     4,864,834                
PEO | Parmentier [Member] | Fair Value at Last Day of Prior Fiscal Year of Equity Awards Forfeited During Fiscal Year for PEO 2 ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     0                
PEO | Parmentier [Member] | Total - Inclusion of Equity Values for PEO 2 ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     48,443,588                
Non-PEO NEO | Exclusion of Average Change in Pension Value for Non-PEO NEOs ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     (696,908)                
Non-PEO NEO | Exclusion of Average Stock Awards and Option Awards for Non- PEO NEOs ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     (3,988,490)                
Non-PEO NEO | Inclusion of Average Pension Service Cost for Non-PEO NEOs ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     224,666                
Non-PEO NEO | Inclusion of Average Equity Values for Non-‍PEO NEOs ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     11,432,282                
Non-PEO NEO | Average Year-End Fair Value of Equity Awards Granted During Fiscal Year That Remained Unvested as of Last Day of Fiscal Year for Non-PEO NEOs ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     6,519,998                
Non-PEO NEO | Average Change in Fair Value from Last Day of Prior Fiscal Year to Last Day of Fiscal Year of Unvested Prior- Fiscal Year Equity Awards for Non- PEO NEOs ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     3,900,898                
Non-PEO NEO | Average Vesting- Date Fair Value of Equity Awards Granted During Fiscal Year that Vested During Fiscal Year for Non-PEO NEOs ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     0                
Non-PEO NEO | Average Change in Fair Value from Last Day of Prior Fiscal Year to Vesting Date of Unvested Prior- Fiscal Year Equity Awards that Vested During Fiscal Year for Non-‍PEO NEOs ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     1,011,386                
Non-PEO NEO | Average Fair Value at Last Day of Prior Fiscal Year of Equity Awards Forfeited During Fiscal Year for Non-PEO NEOs ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     0                
Non-PEO NEO | Total - Average Inclusion of Equity Values for Non-‍PEO NEOs ($) [Member]                      
Pay vs Performance Disclosure                      
Adjustment to Compensation, Amount     $ 11,432,282