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Subsequent Events (Notes) | 12 Months Ended
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Jun. 30, 2020
Subsequent Events [Abstract] |
Subsequent Events [Text Block] | NOTE 22 — SUBSEQUENT EVENTS The Company evaluated subsequent events after June 30, 2020 through the date these financial statements were issued and has determined there have been no subsequent events for which disclosure is required, other than as disclosed below. Effective July 1, 2020, as a result of a change in commercial strategy, organizational structure, and the way performance is assessed and resources are allocated, the Industrial and Widia businesses were combined to form one Metal Cutting business. The Infrastructure business remains unchanged. The Company will report two reportable segments starting with the first quarter of fiscal 2021: Metal Cutting and Infrastructure.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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