XML 60 R43.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Data (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2021
Segment Reporting [Abstract] |
Disaggregation of Revenue [Table Text Block] | The following table presents Kennametal's revenue disaggregated by segment by geography:
| Metal Cutting |  | Infrastructure |  | Total Kennametal
| 2021 | 2020 | 2019 |  | 2021 | 2020 | 2019 |  | 2021 | 2020 | 2019
Americas | 38 | % | 42 | % | 41 | % |  | 57 | % | 62 | % | 66 | % |  | 45 | % | 49 | % | 50 | %
EMEA | 39 |  | 37 |  | 38 |  |  | 19 |  | 18 |  | 16 |  |  | 31 |  | 30 |  | 30 |
Asia Pacific | 23 |  | 21 |  | 21 |  |  | 24 |  | 20 |  | 18 |  |  | 24 |  | 21 |  | 20 |
The following table presents Kennametal's revenue disaggregated by segment by end market:
| Metal Cutting |  | Infrastructure |  | Total Kennametal
| 2021 | 2020 | 2019 |  | 2021 | 2020 | 2019 |  | 2021 | 2020 | 2019
General Engineering | 54 | % | 53 | % | 52 | % |  | 35 | % | 34 | % | 34 | % |  | 47 | % | 46 | % | 45 | %
Transportation | 30 |  | 27 |  | 29 |  |  | — |  | — |  | — |  |  | 19 |  | 17 |  | 18 |
Aerospace | 8 |  | 12 |  | 11 |  |  | — |  | — |  | — |  |  | 5 |  | 7 |  | 7 |
Energy | 8 |  | 8 |  | 8 |  |  | 26 |  | 28 |  | 33 |  |  | 15 |  | 16 |  | 17 |
Earthworks | — |  | — |  | — |  |  | 39 |  | 38 |  | 33 |  |  | 14 |  | 14 |  | 13 |
Segment Data | Segment data is summarized as follows:
(in thousands) | 2021 |  | 2020 |  | 2019
Sales: |  |  |  |  |
Metal Cutting | $ | 1,150,746 |  |  | $ | 1,178,053 |  |  | $ | 1,472,021 |
Infrastructure | 690,695 |  |  | 707,252 |  |  | 903,213 |
Total sales | $ | 1,841,441 |  |  | $ | 1,885,305 |  |  | $ | 2,375,234 |
Operating income: |  |  |  |  |
Metal Cutting | $ | 45,855 |  |  | $ | 985 |  |  | $ | 223,578 |
Infrastructure | 59,461 |  |  | 23,113 |  |  | 108,480 |
Corporate | (3,148) |  |  | (1,846) |  |  | (3,208) |
Total operating income | $ | 102,168 |  |  | $ | 22,252 |  |  | $ | 328,850 |
Interest expense | $ | 46,375 |  |  | $ | 35,154 |  |  | $ | 32,994 |
Other income, net | (8,867) |  |  | (14,862) |  |  | (15,379) |
Income before income taxes | $ | 64,660 |  |  | $ | 1,960 |  |  | $ | 311,235 |
Depreciation and amortization: |  |  |  |  |
Metal Cutting | $ | 81,796 |  |  | $ | 74,664 |  |  | $ | 67,763 |
Infrastructure | 44,661 |  |  | 45,176 |  |  | 44,284 |
Corporate | 31 |  |  | 20 |  |  | 5 |
Total depreciation and amortization | $ | 126,488 |  |  | $ | 119,860 |  |  | $ | 112,052 |
Segment assets(4): |  |  |  |  |
Metal Cutting | $ | 1,532,177 |  |  | $ | 1,452,131 |  |  | $ | 1,462,257 |
Infrastructure | 698,766 |  |  | 748,424 |  |  | 883,566 |
Corporate | 434,818 |  |  | 837,036 |  |  | 310,446 |
Total assets | $ | 2,665,761 |  |  | $ | 3,037,591 |  |  | $ | 2,656,269 |
Capital expenditures: |  |  |  |  |
Metal Cutting | $ | 103,812 |  |  | $ | 195,167 |  |  | $ | 167,647 |
Infrastructure | 23,490 |  |  | 48,984 |  |  | 44,696 |
Total capital expenditures | $ | 127,302 |  |  | $ | 244,151 |  |  | $ | 212,343 |
(4) Metal Cutting and Infrastructure segment assets are principally accounts receivable, less allowance for doubtful accounts; inventories; property, plant and equipment, net; goodwill; other intangible assets, net of accumulated amortization; and operating lease ROU assets. Corporate assets are principally cash and cash equivalents, other current assets, long-term prepaid pension benefit, deferred income taxes and other assets.
Geographic Information for Sales [Table Text Block] | Geographic information for sales, based on country where the sale originated, and long-lived assets is as follows:
(in thousands) | 2021 |  | 2020 |  | 2019
Sales: |  |  |  |  |
United States | $ | 692,106 |  |  | $ | 778,054 |  |  | $ | 1,014,189 |
Germany | 260,792 |  |  | 248,796 |  |  | 314,035 |
China | 242,815 |  |  | 214,364 |  |  | 247,858 |
Canada | 79,891 |  |  | 90,247 |  |  | 108,261 |
India | 94,966 |  |  | 81,366 |  |  | 113,287 |
Italy | 59,955 |  |  | 52,699 |  |  | 68,585 |
France | 45,356 |  |  | 45,817 |  |  | 59,899 |
United Kingdom | 28,464 |  |  | 33,305 |  |  | 44,384 |
Other(4) | 337,096 |  |  | 340,657 |  |  | 404,736 |
Total sales | $ | 1,841,441 |  |  | $ | 1,885,305 |  |  | $ | 2,375,234 |
Total long-lived assets: |  |  |  |  |
United States | $ | 611,724 |  |  | $ | 607,222 |  |  | $ | 525,713 |
Germany | 218,250 |  |  | 210,674 |  |  | 201,714 |
China | 97,404 |  |  | 92,658 |  |  | 78,410 |
India | 44,504 |  |  | 44,673 |  |  | 44,643 |
Israel | 21,790 |  |  | 22,249 |  |  | 24,042 |
Canada | 19,144 |  |  | 20,508 |  |  | 20,435 |
Other | 42,319 |  |  | 40,287 |  |  | 39,938 |
Total long-lived assets(5) | $ | 1,055,135 |  |  | $ | 1,038,271 |  |  | $ | 934,895 |
(4) Other consists of sales from 27 countries, none of which individually exceed 2 percent of total sales. (5) Total long-lived assets as of June 30, 2021, 2020 and 2019 include property, plant and equipment, net of $1,055.1 million, $1,038.3 million and $934.9 million, respectively.

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration