Kennametal (KMT) 10-K9 Aug 232023 FY Annual reportFinancial data

Company Profile

Cover

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Jun. 30, 2023	Jul. 31, 2023	Dec. 31, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	1-5318
Entity Registrant Name	KENNAMETAL INC.
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	25-0900168
Entity Address, Address Line One	525 William Penn Place
Entity Address, Address Line Two	Suite 3300
Entity Address, City or Town	Pittsburgh,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15219
City Area Code	412
Local Phone Number	248-8000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 1,019,200,000
Entity Common Stock, Shares Outstanding (In shares)		79,711,220
Documents Incorporated by Reference	Portions of the Proxy Statement for the 2023 Annual Meeting of Shareholders are incorporated by reference into Part III.
Entity Central Index Key	0000055242
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--06-30
Amendment Flag	false
Document Information [Line Items]
ICFR Auditor Attestation Flag	true
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Pittsburgh, Pennsylvania
Auditor Firm ID	238
Entity Public Float			$ 1,019,200,000
Capital Stock Par Value1.25 Per Share
Cover [Abstract]
Title of 12(b) Security	Capital Stock, par value $1.25 per share
Trading Symbol	KMT
Document Information [Line Items]
Title of 12(b) Security	Capital Stock, par value $1.25 per share
Entity Listings [Line Items]
Trading Symbol	KMT
Capital Stock Par Value1.25 Per Share \| NEW YORK STOCK EXCHANGE, INC.
Cover [Abstract]
Security Exchange Name	NYSE
Entity Listings [Line Items]
Security Exchange Name	NYSE
Preferred Stock Purchase Rights
Cover [Abstract]
Title of 12(b) Security	Preferred Stock Purchase Rights
Document Information [Line Items]
Title of 12(b) Security	Preferred Stock Purchase Rights
Preferred Stock Purchase Rights \| NEW YORK STOCK EXCHANGE, INC.
Cover [Abstract]
Security Exchange Name	NYSE
Entity Listings [Line Items]
Security Exchange Name	NYSE

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Sales	$ 2,078,184	$ 2,012,456	$ 1,841,441
Cost of goods sold	1,431,745	1,364,479	1,288,963
Gross profit	646,439	647,977	552,478
Operating expense	437,292	419,093	407,246
Restructuring and other charges, net (Note 16)	4,106	(1,243)	29,061
Gain on divestiture (Note 4)	0	(1,001)	0
Amortization of intangibles	12,624	12,988	14,003
Operating income	192,417	218,140	102,168
Interest expense	28,496	25,914	46,375
Other expense (income), net	4,300	(14,507)	(8,867)
Income before income taxes	159,621	206,733	64,660
Provision for income taxes (Note 13)	36,255	56,532	6,243
Net income	123,366	150,201	58,417
Less: Net income attributable to noncontrolling interests	4,907	5,578	3,983
Net income attributable to Kennametal	$ 118,459	$ 144,623	$ 54,434
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS
Basic earnings per share	$ 1.47	$ 1.74	$ 0.65
Diluted earnings per share	$ 1.46	$ 1.72	$ 0.65
Basic weighted average shares outstanding	80,803	83,252	83,602
Diluted weighted average shares outstanding	81,402	83,944	84,333

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 123,366	$ 150,201	$ 58,417
Unrealized gain on derivatives designated and qualified as cash flow hedges	0	0	9,255
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges	770	770	401
Unrecognized net pension and other postretirement benefit plans (loss) gain	(10,402)	(4,163)	9,107
Reclassification of net pension and other postretirement benefit plans loss	3,373	8,929	10,355
Foreign currency translation adjustments	6,815	(91,185)	60,528
Total other comprehensive (loss) income, net of tax	(984)	(87,189)	88,844
Total comprehensive income	122,382	63,012	147,261
Less: comprehensive income attributable to noncontrolling interests	(4,315)	(2,013)	(5,910)
Comprehensive income attributable to Kennametal Shareholders	$ 118,067	$ 60,999	$ 141,351

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 106,021	$ 85,586
Accounts receivable, less allowance for doubtful accounts of $8,759 and $9,422, respectively	307,313	295,346
Inventories (Note 7)	557,630	570,836
Other current assets	55,825	72,940
Total current assets	1,026,789	1,024,708
Property, plant and equipment:
Land and buildings	416,291	410,039
Machinery and equipment	1,951,535	1,904,872
Less accumulated depreciation	(1,398,758)	(1,312,870)
Property, plant and equipment, net	969,068	1,002,041
Other assets:
Goodwill (Note 8)	269,551	264,230
Other intangible assets, less accumulated amortization of $173,346 and $160,699, respectively (Note 8)	93,164	105,725
Operating lease right-of-use assets (Note 9)	43,036	47,206
Deferred income taxes (Note 13)	65,519	54,602
Long-term prepaid pension benefit (Note 14)	70,567	66,433
Other	9,540	8,579
Total other assets	551,377	546,775
Total assets	2,547,234	2,573,524
Current liabilities:
Revolving and other lines of credit and notes payable (Note 12)	689	21,186
Current operating lease liabilities (Note 9)	11,379	12,387
Accounts payable	203,341	227,887
Accrued income taxes	25,143	29,476
Accrued vacation pay	14,501	15,340
Accrued payroll	41,134	40,970
Other current liabilities (Note 10)	137,788	138,403
Total current liabilities	433,975	485,649
Long-term debt, less current maturities (Note 11)	595,172	594,364
Operating lease liabilities (Note 9)	32,178	35,342
Deferred income taxes (Note 13)	32,062	32,185
Accrued postretirement benefits (Note 14)	6,800	7,924
Accrued pension benefits (Note 14)	108,736	105,071
Accrued income taxes	1,446	6,369
Other liabilities	22,697	15,373
Total liabilities	1,233,066	1,282,277
Commitments and contingencies (Note 20)
Kennametal Shareholders' Equity:
Preferred stock, no par value; 5,000 shares authorized; none issued	0	0
Capital stock, $1.25 par value; 120,000 shares authorized; 79,835 and 81,337 shares issued, respectively	99,794	101,671
Additional paid-in capital	465,406	494,202
Retained earnings	1,124,590	1,070,655
Accumulated other comprehensive loss (Note 15)	(414,343)	(413,951)
Total Kennametal Shareholders' Equity	1,275,447	1,252,577
Noncontrolling interests	38,721	38,670
Total equity	1,314,168	1,291,247
Total liabilities and equity	$ 2,547,234	$ 2,573,524

Consolidated Balance Sheets(Par

Consolidated Balance Sheets(Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 8,759	$ 9,422
Accumulated amortization on other intangible assets	$ 173,346	$ 160,699
Preferred stock, par value	$ 0
Preferred stock, shares authorized	5,000
Preferred stock, shares issued	0
Capital stock, par value	$ 1.25
Capital stock, shares authorized	120,000
Capital stock, shares issued	79,835	81,337

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
OPERATING ACTIVITIES
Net income	$ 123,366	$ 150,201	$ 58,417
Adjustments to reconcile to cash from operations:
Depreciation	121,401	118,690	112,485
Amortization	12,624	12,988	14,003
Stock-based compensation expense	24,657	20,985	24,799
Restructuring and other charges, net (Note 16)	4,106	(753)	5,664
Deferred income taxes	(9,219)	11,292	(21,189)
Gain on divestiture (Note 4)	0	(1,001)	0	$ 6,500
Debt refinancing charge (Note 11)	0	0	9,071
Other	7,079	(2,243)	6,754
Changes in certain assets and liabilities:
Accounts receivable	(11,543)	(14,432)	(53,324)
Inventories	17,582	(127,409)	61,270
Accounts payable and accrued liabilities	(32,514)	31,997	46,775
Accrued income taxes	852	10,238	(18,273)
Accrued pension and postretirement benefits	(10,103)	(24,216)	(31,585)
Other	9,657	(4,893)	20,815
Net cash flow provided by operating activities	257,945	181,444	235,682
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(94,385)	(96,924)	(127,302)
Disposals of property, plant and equipment	5,029	924	4,373
Proceeds from divestiture (Note 4)	0	1,001	0	24,000
Other	126	60	(47)
Net cash flow used for investing activities	(89,230)	(94,939)	(122,976)
FINANCING ACTIVITIES
Net (decrease) increase in notes payable	(1,270)	(6,067)	605
Net (decrease) increase in revolving and other lines of credit	(19,000)	19,000	(500,000)
Term debt borrowings	0	0	297,867
Term debt repayments	0	0	(300,000)
Make-whole premium on early extinguishment of debt (Note 11)	0	0	(9,639)
Settlement of interest rate swap agreement (Note 6)	0	0	10,198
Purchase of capital stock	(49,290)	(85,542)	(197)
The effect of employee benefit and stock plans and dividend reinvestment	(6,042)	(6,909)	821
Cash dividends paid to Shareholders	(64,524)	(66,565)	(66,735)
Other	(2,982)	(4,652)	(7,165)
Net cash flow used for financing activities	(143,108)	(150,735)	(574,245)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations	(5,172)	(4,231)	8,902
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	20,435	(68,461)	(452,637)
CASH AND CASH EQUIVALENTS
Cash and cash equivalents, beginning of year	85,586	154,047	606,684
Cash and cash equivalents, end of year		85,586	154,047	$ 606,684
Cash and cash equivalents	$ 106,021	$ 85,586	$ 154,047

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interests [Member]	Derivatives [Member] Reclassification out of Accumulated Other Comprehensive Income [Member]
Beginning Balance, Shares at Jun. 30, 2020		82,923
Beginning Balance at Jun. 30, 2020		$ 103,654	$ 538,575	$ 1,004,898	$ (417,242)	$ 38,903
Dividend reinvestment, Shares		6
Dividend reinvestment		$ 7	191
Capital stock issued under employee benefit and stock plans, Shares		691
Capital stock issued under employee benefit and stock plans		$ 864	24,556
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests			(311)			(1,319)
Purchase of capital stock, Shares		(6)
Purchase of capital stock		$ (7)	(191)
Net income	$ 58,417			54,434		3,983
Cash dividends paid to Shareholders				(66,735)		(4,897)
Unrecognized net pension and other postretirement benefit plans (loss) gain	9,107				9,107
Reclassification of net pension and other postretirement benefit plans loss	10,355				10,355
Foreign currency translation adjustments, net of tax	60,528				58,599
Other comprehensive (loss) income, net of tax	88,844				86,915	1,927
Ending Balance, Shares at Jun. 30, 2021		83,614
Ending Balance at Jun. 30, 2021	1,368,205	$ 104,518	562,820	992,597	(330,327)	38,597
Unrealized gain on derivatives designated and qualified as cash flow hedges	9,255				9,255
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges	401				401
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	(4,459)						$ (4,459)
Dividend reinvestment, Shares		6
Dividend reinvestment		$ 7	182
Capital stock issued under employee benefit and stock plans, Shares		444
Capital stock issued under employee benefit and stock plans		$ 554	13,334
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests			0			0
Purchase of capital stock, Shares		(2,727)
Purchase of capital stock		$ (3,408)	(82,134)
Net income	150,201			144,623		5,578
Cash dividends paid to Shareholders				(66,565)		(1,940)
Unrecognized net pension and other postretirement benefit plans (loss) gain	(4,163)				(4,163)
Reclassification of net pension and other postretirement benefit plans loss	8,929				8,929
Foreign currency translation adjustments, net of tax	(91,185)				(87,620)
Other comprehensive (loss) income, net of tax	(87,189)				(83,624)	(3,565)
Ending Balance, Shares at Jun. 30, 2022		81,337
Ending Balance at Jun. 30, 2022	1,291,247	$ 101,671	494,202	1,070,655	(413,951)	38,670
Unrealized gain on derivatives designated and qualified as cash flow hedges	0				0
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges	770				770
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	250						250
Dividend reinvestment, Shares		7
Dividend reinvestment		$ 9	178
Capital stock issued under employee benefit and stock plans, Shares		494
Capital stock issued under employee benefit and stock plans		$ 618	17,812
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	0
Purchase of capital stock, Shares		(2,003)
Purchase of capital stock		$ (2,504)	(46,786)
Net income	$ 123,366			118,459		4,907
Common Stock, Dividends, Per Share, Declared	$ 0.80
Cash dividends paid to Shareholders				(64,524)		(4,264)
Unrecognized net pension and other postretirement benefit plans (loss) gain	$ (10,402)				(10,402)
Reclassification of net pension and other postretirement benefit plans loss	3,373				3,373
Foreign currency translation adjustments, net of tax	6,815				7,407
Other comprehensive (loss) income, net of tax	(984)				(392)	(592)
Ending Balance, Shares at Jun. 30, 2023		79,835
Ending Balance at Jun. 30, 2023	1,314,168	$ 99,794	$ 465,406	$ 1,124,590	(414,343)	$ 38,721
Unrealized gain on derivatives designated and qualified as cash flow hedges	0				0
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges	770				$ 770
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	$ 250						$ 250

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
Supplemental Cash Flow Information	Jun. 30, 2023
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW DISCLOSURES	SUPPLEMENTAL CASH FLOW DISCLOSURES Year ended June 30 (in thousands) 2023 2022 2021 Cash paid during the period for: Interest $ 28,192 $ 25,277 $ 43,601 Income taxes 43,730 36,105 48,910 Supplemental disclosure of non-cash information: Changes in accounts payable related to purchases of property, plant and equipment (2,248) 9,800 (17,500) Changes in notes payable related to purchases of property, plant and equipment — — 7,254

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information	12 Months Ended
Supplemental Cash Flow Information	Jun. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Disclosures	Year ended June 30 (in thousands) 2023 2022 2021 Cash paid during the period for: Interest $ 28,192 $ 25,277 $ 43,601 Income taxes 43,730 36,105 48,910 Supplemental disclosure of non-cash information: Changes in accounts payable related to purchases of property, plant and equipment (2,248) 9,800 (17,500) Changes in notes payable related to purchases of property, plant and equipment — — 7,254

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information - USD ($) $ in Thousands	12 Months Ended
Supplemental Cash Flow Information - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]
Interest	$ 28,192	$ 25,277	$ 43,601
Income taxes	43,730	36,105	48,910
Change In Accounts Payable Related To Purchases Of Property, Plant And Equipment	(2,248)	9,800	(17,500)
Changes in notes payable related to purchases of property, plant and equipment	$ 0	$ 0	$ 7,254

Nature of operations

Nature of operations	12 Months Ended
Nature of operations	Jun. 30, 2023
Nature of operations [Abstract]
Nature of Operations [Text Block]	NATURE OF OPERATIONS With more than 80 years of materials expertise, the Company is a global industrial technology leader, helping customers across the aerospace and defense, earthworks, energy, general engineering and transportation end markets manufacture with precision and efficiency. This expertise includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and extreme wear applications to keep customers up and running longer against conditions such as corrosion and high temperatures. Our standard and custom product offering spans metal cutting and wear applications including turning, milling, hole making, tooling systems and services, as well as specialized wear components and metallurgical powders. End users of the Company's metal cutting products include manufacturers engaged in a diverse array of industries including: the manufacturers of transportation vehicles and components, machine tools and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. The Company’s wear and metallurgical powders are used by producers and suppliers in equipment-intensive operations such as road construction, mining, quarrying, oil and gas exploration, refining, production and supply, and for aerospace and defense. Unless otherwise specified, any reference to a “year” is to a fiscal year ended June 30. When used in this Annual Report on Form 10-K, unless the context requires otherwise, the terms “we,” “our” and “us” refer to Kennametal Inc. and its subsidiaries.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2023
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The summary of our significant accounting policies is presented below to assist in evaluating our consolidated financial statements. PRINCIPLES OF CONSOLIDATION The consolidated financial statements include our accounts and those of our subsidiaries in which we have a controlling interest. All intercompany balances and transactions are eliminated. USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS In preparing our consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP), we make judgments and estimates about the amounts reflected in our consolidated financial statements. As part of our financial reporting process, our management collaborates to determine the necessary information on which to base our judgments and develop estimates used to prepare the consolidated financial statements. We use historical experience and available information to make these judgments and estimates. Actual amounts could differ from the estimates reflected in our consolidated financial statements. CASH AND CASH EQUIVALENTS Cash investments having original maturities of three months or less are considered cash equivalents. Cash equivalents principally consist of investments in money market funds and bank deposits at June 30, 2023. ACCOUNTS RECEIVABLE We market our products to a diverse customer base throughout the world. Trade credit is extended based upon periodically updated evaluations of each customer’s ability to satisfy its obligations. We record allowances for estimated losses resulting from the inability of our customers to make required payments. We assess the creditworthiness of our customers based on multiple sources of information and analyze additional factors such as our historical bad debt experience, industry concentrations of credit risk, current economic trends, changes in customer payment terms and forward-looking information. INVENTORIES We use the last-in, first-out (LIFO) method for determining the cost of a significant portion of our United States (U.S.) inventories, and they are stated at the lower of cost or market. The cost of the remainder of our inventories is measured using approximate costs determined on the first-in, first-out basis or using the average cost method, and are stated at the lower of cost or net realizable value. When market conditions indicate an excess of carrying costs over market value, a lower of cost or net realizable value provision or a lower of cost or market provision, as applicable, is recorded. Once inventory is determined to be excess or obsolete, a new cost basis is established that is not subsequently written back up in future periods. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are carried at cost. Major improvements are capitalized, while maintenance and repairs are expensed as incurred. Retirements and disposals are removed from cost and accumulated depreciation accounts, with the gain or loss reflected in operating income. Interest related to the construction of major facilities is capitalized as part of the construction costs and is depreciated over the facilities' estimated useful lives. Depreciation for financial reporting purposes is computed using the straight-line method over the following estimated useful lives: building and improvements over 15-40 years; machinery and equipment over 4-15 years; furniture and fixtures over 5-10 years and computer hardware and software over 3-5 years. LONG-LIVED ASSETS We evaluate the recoverability of property, plant and equipment, operating lease right-of-use (ROU) assets and intangible assets that are amortized, whenever events or changes in circumstances indicate the carrying amount of any such assets may not be fully recoverable. Changes in circumstances include technological advances, changes in our business model, capital structure, economic conditions or operating performance. Our evaluation is performed at the asset group level, based upon, among other things, our assumptions about the estimated future undiscounted cash flows these assets are expected to generate. When the sum of the undiscounted cash flows is less than the carrying value, we will recognize an impairment loss to the extent that carrying value exceeds fair value. We apply our best judgment when performing these evaluations to determine if a triggering event has occurred, the undiscounted cash flows used to assess recoverability and the fair value of the asset group. GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill represents the excess of cost over the fair value of the net assets of acquired companies. Goodwill and other intangible assets with indefinite lives are tested at least annually for impairment. We perform our annual impairment tests during the June quarter in connection with our annual planning process unless there are impairment indicators based on the results of an ongoing cumulative qualitative assessment that warrant a test prior to that quarter. As of June 30, 2023, only the Metal Cutting reporting unit has goodwill recorded. We evaluate the recoverability of goodwill for the reporting unit by comparing the fair value of the reporting unit with its carrying value. The fair value of our reporting unit is determined using a combination of a discounted cash flow analysis and market multiples based upon historical and projected financial information. We apply our best judgment when assessing the reasonableness of the financial projections used to determine the fair value of the reporting unit. We evaluate the recoverability of indefinite-lived intangible assets using a discounted cash flow analysis based on projected financial information. This evaluation is sensitive to changes in market interest rates and other external factors. The majority of our intangible assets with definite lives are amortized on a straight-line basis, while certain customer-related intangible assets are amortized on an accelerated method. Identifiable assets with finite lives are reviewed for impairment when events or circumstances indicate that the carrying value may not be recoverable. PENSION AND OTHER POSTRETIREMENT BENEFITS We sponsor these types of benefit plans for certain employees and retirees. Accounting for the cost of these plans requires the estimation of the cost of the benefits to be provided well into the future and attributing that cost over either the expected work life of employees or over the average life of participants participating in these plans, depending on plan status and on participant population. This estimation requires our judgment about the discount rate used to determine these obligations, expected return on plan assets, rate of future compensation increases, rate of future health care costs, withdrawal and mortality rates and participant retirement age. Differences between our estimates and actual results may significantly affect the cost of our obligations under these plans. In the valuation of our pension and other postretirement benefit liabilities, management utilizes various assumptions. Discount rates are derived by identifying a theoretical settlement portfolio of high quality corporate bonds sufficient to provide for a plan’s projected benefit payments. This rate can fluctuate based on changes in the corporate bond yields. The long-term rate of return on plan assets is estimated based on an evaluation of historical returns for each asset category held by the plans, coupled with the current and short-term mix of the investment portfolio. The historical returns are adjusted for expected future market and economic changes. This return will fluctuate based on actual market returns and other economic factors. The rate of future health care costs is based on historical claims and enrollment information projected over the next year and adjusted for administrative charges. Future compensation rates, withdrawal rates and participant retirement age are determined based on historical information. These assumptions are not expected to significantly change. Mortality rates are determined based on a review of published mortality tables. EARNINGS PER SHARE Basic earnings per share is computed using the weighted average number of shares outstanding during the period, while diluted earnings per share is calculated to reflect the potential dilution that would occur related to the issuance of capital stock under stock option grants, performance awards and restricted stock units. The difference between basic and diluted earnings per share relates solely to the effect of capital stock options, performance awards and restricted stock units. The following tables provide the computation of diluted shares outstanding: (in thousands) 2023 2022 2021 Weighted-average shares outstanding during period 80,803 83,252 83,602 Add: Unexercised stock options and unvested restricted stock units 599 692 731 Number of shares on which diluted earnings per share is calculated 81,402 83,944 84,333 Unexercised stock options with an exercise price greater than the average market price and restricted stock units not included in the computation because they were anti-dilutive 642 260 295 REVENUE RECOGNITION The Company's contracts with customers are comprised of purchase orders, and for larger customers, may also include long-term agreements. We account for a contract when it has approval and commitment from both parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. These contracts with customers typically relate to the manufacturing of products, which represent single performance obligations that are satisfied when control of the product passes to the customer. The Company considers the timing of right to payment, transfer of risk and rewards, transfer of title, transfer of physical possession and customer acceptance when determining when control transfers to the customer. As a result, revenue is generally recognized at a point in time - either upon shipment or delivery - based on the specific shipping terms in the contract. The shipping terms vary across all businesses and depend on the product, customary local commercial terms and the type of transportation. Shipping and handling activities are accounted for as activities to fulfill a promise to transfer a product to a customer and as such, costs incurred are recorded when the related revenue is recognized. Payment for products is due within a limited time period after shipment or delivery, typically within 30 to 90 calendar days of the respective invoice dates. The Company does not generally offer extended payment terms. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods. Amounts billed and due from our customers are classified as accounts receivable, less allowance for doubtful accounts on the consolidated balance sheets. Certain contracts with customers, primarily distributor customers, have an element of variable consideration that is estimated when revenue is recognized under the contract. Variable consideration primarily includes volume incentive rebates, which are based on achieving a certain level of purchases and other performance criteria as established by our distributor programs. These rebates are estimated based on projected sales to the customer and accrued as a reduction of net sales as they are earned. The majority of our products are consumed by our customers or end users in the manufacture of their products. Historically, we have experienced very low levels of returned products and do not consider the effect of returned products to be material. We have recorded an estimated returned goods allowance to provide for any potential returns. We warrant that products sold are free from defects in material and workmanship under normal use and service when correctly installed, used and maintained. This warranty terminates 30 days after delivery of the product to the customer and does not apply to products that have been subjected to misuse, abuse, neglect or improper storage, handling or maintenance. Products may be returned to Kennametal only after inspection and approval by Kennametal and upon receipt by the customer of shipping instructions from Kennametal. We have included an estimated allowance for warranty returns in our returned goods allowance discussed above. The Company records a contract asset when it has a right to payment from a customer that is conditioned on events that have occurred other than the passage of time. The Company also records a contract liability when customers prepay but the Company has not yet satisfied its performance obligation. The Company did not have any material remaining performance obligations, contract assets or liabilities as of June 30, 2023 and 2022. The Company pays sales commissions related to certain contracts, which qualify as incremental costs of obtaining a contract. However, the Company applies the practical expedient that allows an entity to recognize incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that would have been recognized is one year or less. These costs are recorded within operating expense in our consolidated statements of income. SHIPPING AND HANDLING FEES AND COSTS All fees billed to customers for shipping and handling are classified as a component of sales. All costs associated with shipping and handling are classified as a component of cost of goods sold. STOCK-BASED COMPENSATION We recognize stock-based compensation expense for all stock options, restricted stock awards and restricted stock units over the period from the date of grant to the date when the award is no longer contingent on the employee providing additional service (substantive vesting period). Forfeitures are recorded as incurred. We utilize the Black-Scholes valuation method to establish the fair value of all stock option awards. Time vesting stock units are valued at the market value of the stock on the grant date. Performance vesting stock units with a market condition are valued using a Monte Carlo model. Capital stock options are granted to eligible employees at fair market value at the date of grant. Capital stock options are exercisable under specified conditions for up to 10 years from the date of grant. The Kennametal Inc. Stock and Incentive Plan of 2010, as Amended and Restated on October 22, 2013, and further amended on January 27, 2015 (A/R 2010 Plan), by the Kennametal Inc. 2016 Stock and Incentive Plan, and on October 27, 2020 by the Kennametal Inc. 2020 Stock and Incentive Plan (2020 Plan) authorize the issuance of up to 9,500,000 shares of the Company’s capital stock plus any shares remaining unissued under the Kennametal Inc. Stock and Incentive Plan of 2002, as amended (2002 Plan). Under the provisions of the A/R 2010 Plan and 2020 Plan, participants may deliver stock, owned by the holder for at least six months, in payment of the option price and receive credit for the fair market value of the shares on the date of delivery. The fair market value of shares delivered during 2023, 2022 and 2021 was immaterial. In addition to stock option grants, the A/R 2010 Plan and the 2020 Plan permit the award of stock appreciation rights, performance share awards, performance unit awards, restricted stock awards, restricted unit awards and share awards to directors, officers and key employees. RESEARCH AND DEVELOPMENT COSTS Research and development costs of $43.1 million, $42.1 million and $39.5 million in 2023, 2022 and 2021, respectively, were expensed as incurred. These costs are included in operating expense in the consolidated statements of income. INCOME TAXES The Company’s provision for income taxes is calculated based on income and statutory tax rates in the various jurisdictions in which the Company operates and requires the use of management’s estimates and judgments. Management judgment is required in determining the Company’s worldwide provision for income taxes and recording the related assets and liabilities, including accruals for unrecognized tax benefits and assessing the need for valuation allowances on deferred tax assets. Deferred income taxes are recognized based on the future income tax effects (using enacted tax laws and rates) of differences in the carrying amounts of assets and liabilities for financial reporting and tax purposes. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not (greater than 50 percent) that a tax benefit will not be realized. In evaluating the need for a valuation allowance, we consider all potential sources of taxable income, including income available in carryback periods, future reversals of taxable temporary differences, projections of taxable income, and income from tax planning strategies, as well as all available positive and negative evidence. Positive evidence includes factors such as a history of profitable operations, and projections of future profitability within the carry forward period, including taxable income from tax planning strategies. Negative evidence includes items such as cumulative losses, projections of future losses, or carryforward periods that are not long enough to allow for the utilization of the deferred tax asset based on existing projections of income. Upon changes in facts and circumstances, we may conclude that deferred tax assets for which no valuation allowance is currently recorded may not be realized, resulting in a charge to establish a valuation allowance. Existing valuation allowances are re-examined under the same standards of positive and negative evidence. If it is determined that it is more likely than not that a deferred tax asset will be realized, the appropriate amount of the valuation allowance, if any, is released. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES As part of our financial risk management program, we use certain derivative financial instruments. We do not enter into derivative transactions for speculative purposes and, therefore, hold no derivative instruments for trading purposes. We use derivative financial instruments to provide predictability to the effects of changes in foreign exchange rates on our consolidated results. Our objective in managing foreign exchange exposures with derivative instruments is to reduce volatility in cash flow, allowing us to focus more of our attention on business operations. With respect to interest rate management, we have used forward-starting interest rate swaps to effectively hedge the variability in future benchmark interest payments attributable to changes in interest rates on forecasted issuances of fixed-rate debt. We account for derivative instruments as a hedge of the related asset, liability, firm commitment or anticipated transaction, when the derivative is specifically designated as a hedge of such items. We measure hedge effectiveness by assessing the changes in the fair value or expected future cash flows of the hedged item. Certain currency forward contracts hedging significant cross-border intercompany loans are considered other derivatives and, therefore, do not qualify for hedge accounting. NET INVESTMENT HEDGES We designate financial instruments as net investment hedges from time to time to hedge the foreign exchange exposure of our net investment in foreign currency-based subsidiaries. The remeasurements of these non-derivatives designated as net investment hedges are calculated each period with changes reported in foreign currency translation adjustment within accumulated other comprehensive loss. Such amounts will remain in accumulated other comprehensive loss unless we complete or substantially complete liquidation or disposal of our investment in the underlying foreign operations. CURRENCY TRANSLATION Assets and liabilities of international operations are translated into U.S. dollars using year-end exchange rates, while revenues and expenses are translated at average exchange rates throughout the year. The resulting net translation adjustments are recorded as a component of accumulated other comprehensive loss. The local currency is the functional currency of most of our locations.

Divestiture

Divestiture	12 Months Ended
Divestiture	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Mergers, Acquisitions and Dispositions Disclosures	NOTE 4 — DIVESTITURE During the year ended June 30, 2020, we completed the sale of certain assets of the non-core specialty alloys and metals business within the Infrastructure segment located in New Castle, Pennsylvania to Advanced Metallurgical Group N.V. for an aggregate price of $24.0 million. The net book value of these assets at closing was $29.5 million, and the pre-tax loss on divestiture recognized during the year ended June 30, 2020 was $6.5 million. Transaction proceeds were primarily used for capital expenditures related to our simplification/modernization efforts. During the year ended June 30, 2022, we recorded a pre-tax gain of $1.0 million on the New Castle divestiture due to proceeds held in escrow until November 2021.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Jun. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy consists of three levels to prioritize the inputs used in valuations, as defined below: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3: Inputs that are unobservable. As of June 30, 2023, the fair values of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ — $ 68 $ — $ 68 Total assets at fair value $ — $ 68 $ — $ 68 Liabilities: Derivatives (1) $ — $ 100 $ — $ 100 Total liabilities at fair value $ — $ 100 $ — $ 100 As of June 30, 2022, the fair value of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ — $ 176 $ — $ 176 Total assets at fair value $ — $ 176 $ — $ 176 Liabilities: Derivatives (1) $ — $ 574 $ — $ 574 Total liabilities at fair value $ — $ 574 $ — $ 574 (1) Currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
Derivative Instruments and Hedging Activities	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	NOTE 6 — DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES As part of our financial risk management program, we use certain derivative financial instruments. See Note 2 for discussion on our derivative instruments and hedging activities policy. There are no derivatives designated as hedging instruments as of June 30, 2023 or 2022. The fair value of derivatives not designated as hedging instruments in the consolidated balance sheets are as follows: (in thousands) 2023 2022 Derivatives not designated as hedging instruments Other current assets - currency forward contracts $ 68 $ 176 Other current liabilities - currency forward contracts (100) (574) Total derivatives not designated as hedging instruments (32) (398) Total derivatives $ (32) $ (398) Certain currency forward contracts that hedge significant cross-border intercompany loans are considered as other derivatives and therefore do not qualify for hedge accounting. These contracts are recorded at fair value in the consolidated balance sheets, with the offset to other expense (income), net. (Gains) losses related to derivatives not designated as hedging instruments have been recognized as follows: (in thousands) 2023 2022 2021 Other expense (income), net - currency forward contracts $ (435) $ 377 $ 2 CASH FLOW HEDGES During fiscal 2020 we entered into seven forward-starting interest rate swap contracts with an aggregate notional amount totaling $200.0 million. A forward-starting interest rate swap is an agreement that effectively hedges the variability in future benchmark interest payments attributable to changes in interest rates on the forecasted issuance of fixed-rate debt. During fiscal 2021, upon issuance of the Senior Unsecured Notes due 2031 (see Note 11 for more information) we settled the forward starting interest rate swap contracts for a gain of $10.2 million in other comprehensive (loss) income. The gain will be amortized out of accumulated other comprehensive loss and into interest expense (as a benefit) over the life of the Senior Unsecured Notes due 2031. There were no interest rate swap contracts outstanding at June 30, 2023 or 2022. NET INVESTMENT HEDGES As of June 30, 2023 we had no net investment hedges in place. As of June 30, 2022 we had foreign currency-denominated intercompany loans payable in the aggregate principal amounts of €13 million designated as net investment hedges to hedge a portion of the foreign exchange exposure of our net investment in Euro-based subsidiaries. During fiscal 2023, we did periodically utilize net investment hedges through foreign currency-denominated intercompany loans payable which resulted in an aggregate gain of $0.7 million recorded as a component of foreign currency translation adjustments in other comprehensive loss during 2023. A gain of $0.8 million and a loss of $1.9 million were recorded as a component of foreign currency translation adjustments in other comprehensive (loss) income during 2022 and 2021, respectively. As of June 30, 2022, the foreign currency-denominated intercompany loans payable designated as net investment hedges consisted of: (in thousands) 2022 Instrument Notional (EUR) (2) Notional (USD) (2) Maturity Foreign currency-denominated intercompany loan payable €13,013 $13,531 August 31, 2022 (2) Includes principal and accrued interest.

Inventories

Inventories	12 Months Ended
Inventories	Jun. 30, 2023
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following at June 30: (in thousands) 2023 2022 Finished goods $ 328,094 $ 316,936 Work in process and powder blends 233,346 231,214 Raw materials 81,552 107,024 Inventories at current cost 642,992 655,174 Less: LIFO valuation (85,362) (84,338) Total inventories $ 557,630 $ 570,836 We used the LIFO method of valuing inventories for approximately 33 percent of total inventories at June 30, 2023.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets	12 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure	NOTE 8 — GOODWILL AND OTHER INTANGIBLE ASSETS As of June 30, 2023, $269.6 million of goodwill was allocated to the Metal Cutting reporting unit. We completed an annual quantitative test of goodwill impairment and determined that the fair value of the reporting unit substantially exceeded the carrying value and, therefore, no impairment was recorded during 2023. Further, an indefinite-lived trademark intangible asset of $10.8 million in the Metal Cutting reporting unit had a fair value that approximated its carrying value as of the date of the annual impairment test and, therefore, no impairment was recorded during 2023. A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such, is as follows: (in thousands) Metal Cutting Infrastructure Total Gross goodwill $ 455,276 $ 633,211 $ 1,088,487 Accumulated impairment losses (177,661) (633,211) (810,872) Balance as of June 30, 2021 $ 277,615 $ — $ 277,615 Activity for the year ended June 30, 2022: Change in gross goodwill due to translation (13,385) — (13,385) Gross goodwill 441,891 633,211 1,075,102 Accumulated impairment losses (177,661) (633,211) (810,872) Balance as of June 30, 2022 $ 264,230 $ — $ 264,230 Activity for the year ended June 30, 2023: Change in gross goodwill due to translation 5,321 — 5,321 Gross goodwill 447,212 633,211 1,080,423 Accumulated impairment losses (177,661) (633,211) (810,872) Balance as of June 30, 2023 $ 269,551 $ — $ 269,551 The components of our other intangible assets were as follows: Estimated June 30, 2023 June 30, 2022 (in thousands) Gross Carrying Accumulated Gross Carrying Accumulated Technology-based and other 4 to 20 $ 31,872 $ (23,838) $ 31,592 $ (22,734) Customer-related 10 to 21 179,889 (112,890) 180,263 (104,698) Unpatented technology 10 to 30 31,487 (25,177) 31,807 (22,950) Trademarks 5 to 20 12,426 (11,441) 12,403 (10,317) Trademarks Indefinite 10,836 — 10,359 — Total $ 266,510 $ (173,346) $ 266,424 $ (160,699) Amortization expense for intangible assets was $12.6 million, $13.0 million and $14.0 million for 2023, 2022 and 2021, respectively. Estimated amortization expense for 2024 through 2028 is $10.9 million, $9.7 million, $9.3 million, $7.8 million, and $6.8 million, respectively.

Leases, Codification Topic 840

Leases, Codification Topic 840	12 Months Ended
Leases, Codification Topic 840	Jun. 30, 2023
Leases [Abstract]
Lessee, Operating Leases	LEASES At the inception of our contracts, we determine if the contract is or contains a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. ROU assets and operating lease liabilities are recognized based on the present value of lease payments over the lease term at commencement. For leases that do not have a readily determinable implicit rate, we use a discount rate based on our incremental borrowing rate, which is determined considering factors such as the lease term, our credit rating and the economic environment of the location of the lease as of the commencement date. We account for non-lease components separately from lease components. These costs often relate to the payments for a proportionate share of real estate taxes, insurance, common area maintenance and other operating costs in addition to base rent. We also do not recognize ROU assets and liabilities for leases with an initial term of 12 months or less. Lease costs associated with leases of less than 12 months were $7.0 million, $3.7 million and $2.4 million for the years ended June 30, 2023, 2022 and 2021, respectively. As a lessee, we have various operating lease agreements primarily related to real estate, vehicles and office and plant equipment. Our real estate leases, which are comprised primarily of manufacturing, warehousing, office and administration facilities, represent a majority of our lease liability. Our lease payments are largely fixed. Any variable lease payments, including utilities, common area maintenance and repairs and maintenance, are expensed during the period incurred. Variable lease costs were immaterial for the years ended June 30, 2023, 2022 and 2021. A majority of our real estate leases include options to extend the lease and options to early terminate the lease. Leases with an early termination option generally involve a termination payment. We review all options to extend, terminate, or purchase the ROU assets at the inception of the lease and account for these options when they are reasonably certain of being exercised. Our lease agreements generally do not contain any material residual value guarantees or materially restrictive covenants. We do not have any material leases that have been signed but not commenced, and we did not have any lease transactions with related parties. Operating lease expense is recognized on a straight-line basis over the lease term and is included in operating expense on our consolidated statements of income. Operating lease cost was $22.0 million, $21.3 million and $20.2 million in 2023, 2022 and 2021, respectively. The following table sets forth supplemental balance sheet information related to our operating leases: Year Ended June 30 2023 2022 2021 Weighted average remaining lease term 8.0 years 8.1 years 8.0 years Weighted average discount rate 3.8 % 3.2 % 3.3 % The following table sets forth supplemental cash flow information related to our operating leases: Year Ended June 30 2023 2022 2021 Operating cash outflows from operating leases $ 15,040 $ 17,592 $ 17,651 ROU assets obtained in exchange for new operating lease liabilities $ 8,066 $ 15,430 $ 7,235 The following table sets forth the maturities of our operating lease liabilities and reconciles the respective undiscounted payments to the operating lease liabilities in the consolidated balance sheet as of June 30, 2023: Year Ended June 30 (in thousands) 2024 $ 12,445 2025 9,695 2026 6,781 2027 4,448 2028 2,493 Thereafter 14,521 Total undiscounted operating lease payments $ 50,383 Less: discount to net present value 6,826 Total operating lease liabilities $ 43,557

Other Current Liabilities

Other Current Liabilities	12 Months Ended
Other Current Liabilities	Jun. 30, 2023
Other Liabilities, Current [Abstract]
Other Current Liabilities [Text Block]	OTHER CURRENT LIABILITIES Other current liabilities consisted of the following at June 30: (in thousands) 2023 2022 Accrued employee benefits $ 36,980 $ 35,270 Payroll, state and local taxes 11,606 9,989 Accrued professional and legal fees 10,730 9,489 Accrued environmental 1,658 7,938 Accrued restructuring (Note 16) 9,379 6,019 Accrued interest 3,425 3,394 Other 64,010 66,304 Total other current liabilities $ 137,788 $ 138,403

Long-Term Debt

Long-Term Debt	12 Months Ended
Long-Term Debt	Jun. 30, 2023
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	NOTE 11 — LONG-TERM DEBT Long-term debt consisted of the following at June 30: (in thousands) 2023 2022 2.800% Senior Unsecured Notes due fiscal 2031, net of discount of $0.1 million for 2023 and $0.2 million for 2022 $ 299,860 $ 299,842 4.625% Senior Unsecured Notes due fiscal 2028, net of discount of $1.1 million for 2023 and $1.3 million for 2022 298,920 298,702 Total term debt 598,780 598,544 Less unamortized debt issuance costs (3,608) (4,180) Total long-term debt $ 595,172 $ 594,364 In February 2021, we issued $300.0 million of 2.800 percent Senior Unsecured Notes with a maturity date of March 1, 2031. Interest is paid semi-annually on March 1 and September 1 of each year. During 2021, we settled forward starting interest rate swap contracts for a gain of $10.2 million related to the bond issuance as discussed in Note 6. In March 2021, we used the net proceeds from the bond issuance, plus cash on hand, for the early extinguishment of our $300.0 million of 3.875 percent Senior Unsecured Notes due 2022 (the 2022 Senior Notes). Due to the early extinguishment, interest expense during 2021 includes a make-whole premium of $9.6 million and the acceleration of a loss in the amount of $2.6 million from other comprehensive loss related to forward starting interest rate contracts that were used to hedge the interest payments of the 2022 Senior Notes. A stranded tax benefit associated with the termination of this hedge was also recognized during 2021. Refer to Note 13 for more information related to the stranded tax benefit. On June 7, 2018, we issued $300.0 million of 4.625 percent Senior Unsecured Notes with a maturity date of June 15, 2028. Interest on these notes is paid semi-annually on June 15 and December 15 of each year. Future principal maturities of long-term debt are $300.0 million in 2028 and $300.0 million in 2031. Fixed rate debt had a fair market value of $527.4 million and $536.1 million at June 30, 2023 and 2022, respectively. The Level 2 fair value is determined based on the quoted market prices for similar debt instruments as of June 30, 2023 and 2022, respectively.

Notes Payable and Lines of Cred

Notes Payable and Lines of Credit	12 Months Ended
Notes Payable and Lines of Credit	Jun. 30, 2023
Notes Payable and Lines of Credit [Abstract]
Notes Payable and Lines of Credit	NOTE 12 — REVOLVING AND OTHER LINES OF CREDIT AND NOTES PAYABLE During fiscal 2022, we entered into the Sixth Amended and Restated Credit Agreement dated as of June 14, 2022 (the Credit Agreement). The Credit Agreement is a five The Credit Agreement requires us to comply with various restrictive and affirmative covenants, including one financial covenant: a maximum leverage ratio where debt, net of domestic cash in excess of $25 million and sixty percent of the unrestricted cash held outside of the United States, must be less than or equal to 3.75 times trailing twelve months EBITDA, adjusted for certain non-cash expenses. As of June 30, 2023, we were in compliance with all covenants of the Credit Agreement and we had no borrowings outstanding and $700.0 million of availability. There were $19 million of borrowings outstanding as of June 30, 2022. The weighted average interest rate on borrowings under the Credit Agreement was 5.0 percent for the year ended June 30, 2023. Borrowings on other lines of credit and notes payable were $0.7 million and $2.2 million at June 30, 2023 and 2022, respectively. The lines of credit represented short-term borrowings under credit lines with commercial banks in the various countries in which we operate. The availability of these credit lines, translated into U.S. dollars at June 30, 2023 exchange rates, totaled $54.5 million.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income (loss) before income taxes consisted of the following for the years ended June 30: (in thousands) 2023 2022 2021 Income (loss) before income taxes: United States $ (14,702) $ 10,109 $ (60,775) International 174,323 196,624 125,435 Total income before income taxes $ 159,621 $ 206,733 $ 64,660 Current income taxes: Federal $ 2,007 $ 1,115 $ 39 State 546 106 133 International 42,921 44,019 30,726 Total current income taxes 45,474 45,240 30,898 Deferred income taxes: Federal $ (3,394) $ 10,841 $ (23,170) State 683 (676) (2,948) International (6,508) 1,127 1,463 Total deferred income taxes: (9,219) 11,292 (24,655) Provision for income taxes $ 36,255 $ 56,532 $ 6,243 Effective tax rate 22.7 % 27.3 % 9.7 % Swiss tax reform Legislation was effectively enacted during the December quarter of fiscal 2020 when the Canton of Schaffhausen approved the Federal Act on Tax Reform and AHV Financing on October 8, 2019 (Swiss tax reform). Significant changes from Swiss tax reform include the abolishment of certain favorable tax regimes and the creation of a multi-year transitional period at both the federal and cantonal levels. The transitional provisions of Swiss tax reform allow companies to utilize a combination of lower tax rates and tax basis adjustments to fair value, which are used for tax depreciation and amortization purposes resulting in deductions over the transitional period. To reflect the federal and cantonal transitional provisions, as they apply to us, we recorded a deferred tax asset of $14.5 million during the December quarter of fiscal 2020. We considered the deferred tax asset from Swiss tax reform to be an estimate based on our current interpretation of the legislation, which was subject to change based on further legislative guidance, review with the Swiss federal and cantonal authorities, and modifications to the underlying valuation. During the December quarter of the current year, we adjusted the calculation of the transitional provisions of Swiss tax reform after a review and receipt of a ruling from the Swiss federal and cantonal authorities and recorded a $2.2 million tax benefit to adjust the deferred tax asset and income tax liabilities related to fiscal years 2021 and 2022. The reconciliation of income taxes computed using the statutory U.S. income tax rate and the provision for income taxes was as follows for the years ended June 30: (in thousands) 2023 2022 2021 Income taxes at U.S. statutory rate $ 33,520 $ 43,414 $ 13,579 State income taxes, net of federal tax benefit 971 (450) (1,725) U.S. income taxes provided on international income 4,583 12,815 (6,479) Combined tax effects of international income 5,761 2,747 5,860 Change in valuation allowance and other uncertain tax positions (4,060) (614) 1,127 U.S. research and development credit (3,325) (2,814) (3,055) Change in permanent reinvestment assertion — 775 — Combined effects of Swiss tax reform (2,225) — — Recognition of stranded deferred tax balance — — (3,465) Other 1,030 659 401 Provision for income taxes $ 36,255 $ 56,532 $ 6,243 During 2023, we released a $2.9 million valuation allowance that was previously recorded against our net deferred tax assets in Brazil. The impact of this item is included in the tax reconciliation table under the caption “Change in valuation allowance and other uncertain tax positions.” During 2023, we recorded a tax benefit of $2.2 million to reflect the adjustment of our calculation of the transitional provisions of Swiss tax reform. The impact of this item is included in the tax reconciliation table under the caption “Combined effects of Swiss tax reform.” During 2021, we recorded a tax benefit of $3.5 million for the recognition of a stranded deferred tax balance in accumulated other comprehensive loss associated with the forward starting interest rate swap contracts that were terminated when the 2022 Senior Notes were extinguished. The impact of this item is included in the tax reconciliation table under the caption “Recognition of stranded deferred tax balance” and in the consolidated statements of cash flows as a non-cash item within the caption "Debt refinancing charge." During 2021, we recorded a net tax benefit of $9.3 million related to a tax election made in our fiscal 2020 U.S. income tax return pursuant to global intangible low-taxed income (GILTI) regulations which were issued during the current fiscal year. The impact of this item is included in the tax reconciliation table under the caption “U.S. income taxes provided on international income.” The components of net deferred tax assets and liabilities were as follows at June 30: (in thousands) 2023 2022 Deferred tax assets: Net operating loss (NOL) carryforwards $ 24,111 $ 25,868 Inventory valuation and reserves 9,677 11,747 Accrued employee benefits 14,758 14,825 Operating lease liabilities 11,229 11,995 Other accrued liabilities 13,963 12,992 Capitalized research and development costs 25,187 7,244 Tax credits and other carryforwards 22,601 27,686 Intangible assets 5,209 4,246 Total 126,735 116,603 Valuation allowance 8,281 14,385 Total deferred tax assets $ 118,454 $ 102,218 Deferred tax liabilities: Tax depreciation in excess of book $ 62,763 $ 57,109 Operating lease right-of-use assets 11,084 11,852 Unremitted earnings not permanently reinvested 4,831 7,242 Pension benefits 1,808 1,061 Other 4,511 2,537 Total deferred tax liabilities $ 84,997 $ 79,801 Total net deferred tax assets (liabilities) $ 33,457 $ 22,417 Included in deferred tax assets at June 30, 2023 is $22.6 million associated with tax credits and other carryforward items in the U.S. and Europe. Of that amount, $2.7 million expires through 2038, $18.7 million expires through 2043, and $1.2 million does not expire. Included in deferred tax assets at June 30, 2023 is $24.1 million associated with NOL carryforwards in U.S. state and foreign jurisdictions. Of that amount, $3.3 million expires through 2028, $0.8 million expires through 2033, $0.4 million expires through 2038, $5.4 million expires through 2043, and the remaining $14.2 million does not expire. The realization of these tax benefits is primarily dependent on future taxable income in these jurisdictions. A valuation allowance of $8.3 million has been placed against deferred tax assets primarily in U.S. state, Bolivia, and Russia jurisdictions, all of which would be allocated to income tax expense upon realization of the deferred tax assets. As the respective operations generate sufficient income, the valuation allowances will be partially or fully reversed at such time we believe it will be more likely than not that the deferred tax assets will be realized. In 2023, the valuation allowance related to these deferred tax assets decreased by $6.1 million. We consider the majority of the $1.5 billion unremitted earnings of our non-U.S. subsidiaries to be permanently reinvested. With regard to these unremitted earnings, we have not, nor do we anticipate the need to, repatriate funds to the U.S. to satisfy domestic liquidity needs arising in the ordinary course of business, including liquidity needs associated with our domestic debt service requirements. Determination of the amount of unrecognized deferred tax liability related to indefinitely reinvested earnings is not practicable due to our legal entity structure and the complexity of U.S. and local tax laws. With regard to the small portion of unremitted earnings that are not indefinitely reinvested, we maintain a deferred tax liability for foreign withholding and U.S. state income taxes. The deferred tax liability associated with unremitted earnings of our non-U.S. subsidiaries not permanently reinvested is $4.8 million as of June 30, 2023. In 2012, we received an assessment from the Italian tax authority that denied certain tax deductions primarily related to our 2008 tax return. Attempts at negotiating a reasonable settlement with the tax authority were unsuccessful; and as a result, we decided to litigate the matter. While the outcome of the litigation is still pending, the tax authority served notice in the September quarter of fiscal 2020 requiring payment in the amount of €36.0 million. Accordingly, we requested and were granted a stay and are not currently required to make a payment in connection with this assessment. We continue to believe that the assessment is baseless and accordingly, no income tax liability has been recorded in connection with this assessment in any period. However, if the Italian tax authority were to be successful in litigation, settlement of the amount alleged by the Italian tax authority would result in an increase to income tax expense for as much as €35.6 million, or $38.8 million, of which penalties and interest is €20.9 million, or $22.8 million. During the current year, the Italian government launched a tax amnesty program aimed at reducing the number of tax disputes pending before the Italian courts. Pursuant to program guidelines, payments made to successfully resolve a dispute must be received by the Italian government no later than September 30, 2023. We are currently evaluating whether this program could facilitate a resolution to this litigation. A reconciliation of the beginning and ending amount of unrecognized tax benefits (excluding interest and penalty) is as follows as of June 30: (in thousands) 2023 2022 2021 Balance at beginning of year $ 7,598 $ 8,656 $ 8,680 (Decreases)/Increases for tax positions of prior years (658) 105 — Decreases related to lapse of statute of limitations (99) (779) (229) Foreign currency translation 94 (384) 205 Balance at end of year $ 6,935 $ 7,598 $ 8,656 The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate in 2023, 2022 and 2021 is $6.9 million, $7.6 million and $8.7 million, respectively. We believe that it is reasonably possible that the amount of unrecognized tax benefits will decrease by approximately $5.6 million within the next twelve months. Our policy is to recognize interest and penalties related to income taxes as a component of the provision for income taxes in the consolidated statements of income. We recognized a decrease of $0.3 million and $0.2 million in 2023 and 2021, respectively, and an increase of $0.1 million in 2022. As of June 30, 2023 and 2022, the amount of interest accrued was $1.0 million and $1.4 million, respectively. As of June 30, 2023, the amount of penalty accrued was $0.1 million. There was no penalty accrued of June 30, 2022.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	12 Months Ended
Pension and Other Postretirement Benefits	Jun. 30, 2023
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure	PENSION AND OTHER POSTRETIREMENT BENEFITS Defined Benefit Pension Plans We have defined benefit pension plans that cover certain employees in the U.S., Germany, the UK, Switzerland, Canada and Israel. Pension benefits under defined benefit pension plans are based on years of service and, for certain plans, on average compensation for specified years preceding retirement. We fund pension costs in accordance with the funding requirements of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, for U.S. plans and in accordance with local regulations or customs for non-U.S. plans. The accrued benefit for all participants in the Kennametal Inc. Retirement Income Plan was frozen as of December 31, 2016. The majority of our defined benefit pension plans are closed to future participation. We have an Executive Retirement Plan for certain executives and a Supplemental Executive Retirement Plan both of which are closed to future participation as of June 15, 2017 and July 26, 2006, respectively. We presently provide varying levels of postretirement health care and life insurance benefits to certain employees and retirees. By fiscal 2019, participants over the age of 65 were transitioned to a private exchange and some received a fixed Health Retirement Account (HRA) contribution to offset the cost of their coverage. Postretirement health and life benefits are closed to future participants as of December 31, 2016. We use a June 30 measurement date for all of our plans. During fiscal 2021, as part of the plan to wind-up the fully frozen, overfunded Canadian defined benefit pension plans, the Company purchased an upfront annuity for retirees resulting in a non-cash settlement charge of $2.8 million. The Company expects to complete the wind-up of the Canadian plans by fiscal 2024. During 2023, the Company annuitized a portion of its UK defined benefit pension plans through the purchase of a full buy-in policy. The Company expects to progress to a buy-out and an eventual wind-up of this portion of the UK plans after completing customary procedures including obtaining relevant regulatory approvals, the timing of which is expected to occur over the course of approximately two years. The funded status of our pension plans and amounts recognized in the consolidated balance sheets as of June 30 were as follows: (in thousands) 2023 2022 Change in benefit obligation: Benefit obligation, beginning of year $ 741,009 $ 968,725 Service cost 963 1,117 Interest cost 32,235 22,532 Participant contributions 486 479 Actuarial gains (32,622) (170,055) Benefits and expenses paid (52,625) (53,149) Currency translation adjustments 7,372 (27,074) Plan amendments (50) (66) Plan settlements (1,260) (1,805) Plan curtailments (3) (3) Other adjustments 406 308 Benefit obligation, end of year $ 695,911 $ 741,009 Change in plans' assets: Fair value of plans' assets, beginning of year $ 695,965 $ 890,104 Actual return on plans' assets (4,063) (133,374) Company contributions 7,842 8,170 Participant contributions 486 479 Plan settlements (1,260) (1,805) Benefits and expenses paid (52,625) (53,149) Currency translation adjustments 3,842 (14,455) Other adjustments (7) (5) Fair value of plans' assets, end of year $ 650,180 $ 695,965 Funded status of plans $ (45,731) $ (45,044) Amounts recognized in the balance sheets consist of: Long-term prepaid benefit $ 70,567 $ 66,433 Short-term accrued benefit obligation (7,562) (6,406) Accrued pension benefits (108,736) (105,071) Net amount recognized $ (45,731) $ (45,044) The pre-tax amounts related to our defined benefit pension plans recognized in accumulated other comprehensive loss were as follows at June 30: (in thousands) 2023 2022 Unrecognized net actuarial losses $ 284,054 $ 274,416 Unrecognized net prior service costs 1,772 1,822 Unrecognized transition obligations 76 158 Total $ 285,902 $ 276,396 To the best of our knowledge and belief, the asset portfolios of our defined benefit pension plans do not contain our capital stock. Apart from the partial annuitization of the Canadian plans as previously mentioned, we do not issue insurance contracts to cover future annual benefits of defined benefit pension plan participants. Transactions between us and our defined benefit pension plans include the reimbursement of plan expenditures incurred by us on behalf of the plans. To the best of our knowledge and belief, the reimbursement of cost is permissible under current ERISA rules or local government law. The accumulated benefit obligation for all defined benefit pension plans was $695.3 million and $740.4 million as of June 30, 2023 and 2022, respectively. Included in the above information are plans with accumulated benefit obligations exceeding the fair value of plan assets as of June 30 as follows: (in thousands) 2023 2022 Projected benefit obligation $ 123,065 $ 118,199 Accumulated benefit obligation 122,395 117,614 Fair value of plan assets 6,739 6,718 The components of net periodic pension income include the following as of June 30: (in thousands) 2023 2022 2021 Service cost $ 963 $ 1,117 $ 1,685 Interest cost 32,235 22,532 23,188 Expected return on plans' assets (40,124) (51,928) (53,653) Amortization of transition obligation 84 94 94 Amortization of prior service cost 5 13 34 Curtailment (1) (2) (7) Settlement 18 205 3,190 Recognition of actuarial losses 4,440 11,702 13,606 Other adjustments 431 277 (473) Net periodic pension income $ (1,950) $ (15,990) $ (12,336) As of June 30, 2023, the projected benefit payments, including future service accruals for these plans for 2024 through 2028, are $55.5 million, $55.6 million, $55.1 million, $55.1 million and $54.2 million, respectively, and $258.2 million in 2029 through 2033. The amounts of accumulated other comprehensive loss expected to be recognized in net periodic pension cost during 2024 related to net actuarial losses are $5.7 million. The amount of accumulated other comprehensive income expected to be recognized in net periodic pension cost during 2024 related to transition obligations and prior service cost is $0.1 million. We expect to contribute approximately $9.3 million to our pension plans in 2024, which is primarily for international plans. Other Postretirement Benefit Plans The funded status of our other postretirement benefit plans and the related amounts recognized in the consolidated balance sheets were as follows: (in thousands) 2023 2022 Change in benefit obligation: Benefit obligation, beginning of year $ 9,113 $ 11,383 Interest cost 417 288 Actuarial losses (442) (1,402) Benefits paid (1,067) (1,224) Other (130) 68 Benefit obligation, end of year $ 7,891 $ 9,113 Funded status of plan $ (7,891) $ (9,113) Amounts recognized in the balance sheets consist of: Short-term accrued benefit obligation $ (1,091) $ (1,189) Accrued postretirement benefits (6,800) (7,924) Net amount recognized $ (7,891) $ (9,113) The pre-tax amounts related to our other postretirement benefit plans which were recognized in accumulated other comprehensive loss were as follows at June 30: (in thousands) 2023 2022 Unrecognized net actuarial losses $ 2,023 $ 2,657 Unrecognized net prior service credits (1,378) (1,649) Total $ 645 $ 1,008 The components of net periodic other postretirement benefit cost include the following for the years ended June 30: (in thousands) 2023 2022 2021 Interest cost $ 417 $ 288 $ 307 Amortization of prior service credit (271) (276) (276) Recognition of actuarial loss 192 297 307 Net periodic other postretirement benefit cost $ 338 $ 309 $ 338 As of June 30, 2023, the projected benefit payments, including future service accruals for our other postretirement benefit plans for 2024 through 2028, are $1.1 million, $1.0 million, $0.9 million, $0.9 million and $0.8 million, respectively, and $3.1 million in 2029 through 2033. The amounts of accumulated other comprehensive loss expected to be recognized in net periodic pension cost during 2024 related to net actuarial losses and related to prior service credit are costs of $0.1 million and income of $0.3 million, respectively. We expect to contribute $1.1 million to our other postretirement benefit plans in 2024. The service cost component of net periodic pension income of $1.0 million, $1.1 million and $1.7 million for 2023, 2022 and 2021, respectively, was reported as a component of cost of goods sold and operating expense. The other components of net periodic pension income and net periodic other postretirement benefit cost totaling a net benefit of $2.6 million, $16.8 million and $13.7 million for 2023, 2022 and 2021, respectively, were presented as a component of other expense (income), net. Assumptions The significant actuarial assumptions used to determine the present value of net benefit obligations for our defined benefit pension plans and other postretirement benefit plans were as follows: 2023 2022 2021 Discount Rate: U.S. plans 5.6-6.3% 4.3-5.0% 1.2-3.0% International plans 1.8-5.4% 2.0-5.0% 0.3-3.2% Rates of future salary increases: U.S. plans (Executive Retirement Plan only) 4.0 % 4.0 % 4.0 % International plans 1.8 % 1.5 % 1.5 % The significant assumptions used to determine the net periodic income for our pension and other postretirement benefit plans were as follows: 2023 2022 2021 Discount Rate: U.S. plans 4.3-5.0% 1.2-3.0% 1.6-2.9% International plans 1.8-5.0% 0.3-3.2% 0.2-2.4% Rates of future salary increases: U.S. plans (Executive Retirement Plan only) 4.0 % 4.0 % 4.0 % International plans 1.5 % 1.5 % 1.5 % Rate of return on plans assets: U.S. plans 5.2 % 6.5 % 6.8 % International plans 2.0-5.0% 0.3-5.0% 0.2-5.3% The rates of return on plan assets are based on historical performance, as well as future expected returns by asset class considering macroeconomic conditions, current portfolio mix, long-term investment strategy and other available relevant information. The annual assumed rate of increase in the per capita cost of covered benefits (the health care cost trend rate) for our postretirement benefit plans was as follows: 2023 2022 2021 Health care costs trend rate assumed for next year 7.0 % 6.3 % 6.5 % Rate to which the cost trend rate gradually declines 5.0 % 5.0 % 5.0 % Year that the rate reaches the rate at which it is assumed to remain 2031 2027 2027 A change of one percentage point in the assumed health care cost trend rates would have an immaterial effect on both the total service and interest cost components of our other postretirement cost and other postretirement benefit obligation at June 30, 2023. Plan Assets The primary objective of certain of our pension plans' investment policies is to ensure that sufficient assets are available to provide the benefit obligations at the time the obligations come due. The overall investment strategy for the defined benefit pension plans' assets combines considerations of preservation of principal and moderate risk-taking. The assumption of an acceptable level of risk is warranted in order to achieve satisfactory results consistent with the long-term objectives of the portfolio. Fixed income securities comprise a significant portion of the portfolio due to their plan-liability-matching characteristics and to address the plans' cash flow requirements. Additionally, diversification of investments within each asset class is utilized to further reduce the effect of losses in single investments. Investment management practices for U.S. defined benefit pension plans must comply with ERISA and all applicable regulations and rulings thereof. The use of derivative instruments is permitted where appropriate and necessary for achieving overall investment policy objectives. Currently, the use of derivative instruments is not significant when compared to the overall investment portfolio. The Company utilizes a liability driven investment strategy (LDI) for the assets of its U.S. defined benefit pension plans in order to reduce the volatility of the funded status of these plans and to meet the obligations at an acceptable cost over the long term. This LDI strategy entails modifying the asset allocation and duration of the assets of the plans to more closely match the liability profile of these plans. The asset reallocation involves increasing the fixed income allocation, reducing the equity component and adding alternative investments. Longer duration interest rate swaps have been utilized periodically in order to increase the overall duration of the asset portfolio to more closely match the liabilities. Our defined benefit pension plans’ asset allocations as of June 30, 2023 and 2022 and target allocations for 2024, by asset class, were as follows: 2023 2022 Target % Equity 16 % 14 % 13 % Fixed Income 80 % 82 % 78 % Other 4 % 4 % 9 % The following sections describe the valuation methodologies used to measure the fair value of the defined benefit pension plan assets, including an indication of the level in the fair value hierarchy in which each type of asset is generally classified (see Note 5 for the definition of fair value and a description of the fair value hierarchy). Corporate fixed income securities Investments in corporate fixed income securities consist of corporate debt and asset backed securities. These investments are classified as level two and are valued using independent observable market inputs such as the treasury curve, swap curve and yield curve. Common stock Common stocks are classified as level one and are valued at their quoted market price. Government securities Investments in government securities consist of fixed income securities such as U.S. government and agency obligations and foreign government bonds and asset and mortgage backed securities such as obligations issued by government sponsored organizations. These investments are classified as level two and are valued using independent observable market inputs such as the treasury curve, credit spreads and interest rates. Other fixed income securities Investments in other fixed income securities are classified as level two and valued based on observable market data. Other Other investments consist primarily of state and local obligations and short term investments including cash, corporate notes, and various short term debt instruments which can be redeemed within a nominal redemption notice period. These investments are primarily classified as level two and are valued using independent observable market inputs. The fair value methods described may not be reflective of future fair values. Additionally, while the Company believes the valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in different fair value measurement at the reporting date. The following table presents the fair value of the benefit plans' assets by asset category as of June 30, 2023: (in thousands) Level 1 Level 2 Level 3 NAV (3) Total Common / collective trusts (3) : Blend funds $ — $ — $ — $ 50,612 $ 50,612 Mutual funds — — — 27,800 27,800 Corporate fixed income securities — 356,263 — — 356,263 Common stock 14,438 — — — 14,438 Government securities: U.S. government securities — 105,624 — — 105,624 Foreign government securities — 28,050 — — 28,050 Other fixed income securities — 55,404 — — 55,404 Other 717 11,272 — — 11,989 Total investments $ 15,155 $ 556,613 $ — $ 78,412 $ 650,180 The following table presents the fair value of the benefit plans' assets by asset category as of June 30, 2022: (in thousands) Level 1 Level 2 Level 3 NAV (3) Total Common / collective trusts (3) : Blend funds $ — $ — $ — $ 48,973 $ 48,973 Mutual funds — — — 24,528 24,528 Corporate fixed income securities — 379,324 — — 379,324 Common stock 25,704 — — — 25,704 Government securities: U.S. government securities — 130,064 — — 130,064 Foreign government securities — 40,729 — — 40,729 Other fixed income securities — 20,248 — — 20,248 Other 747 25,648 — — 26,395 Total investments $ 26,451 $ 596,013 $ — $ 73,501 $ 695,965 (3) Investments in common / collective trusts invest primarily in publicly traded securities and are valued using net asset value (NAV) of units of a bank collective trust. Therefore, these amounts have not been classified in the fair value hierarchy and are presented in the tables to reconcile the fair value hierarchy to the total fair value of plan assets. Defined Contribution Plans We sponsor several defined contribution retirement plans. Costs for defined contribution plans were $15.8 million, $14.2 million and $13.3 million in 2023, 2022 and 2021, respectively. Certain U.S. employees are eligible to participate in the Kennametal Thrift Plus Plan (Thrift), which is a qualified defined contribution plan under section 401(k) of the Internal Revenue Code. Under the Thrift, eligible employees receive a full match of their contributions up to 6 percent of eligible compensation. All contributions, including the company match and discretionary, are made in cash and invested in accordance with participants’ investment elections. There are no minimum amounts that must be invested in company stock, and there are no restrictions on transferring amounts out of company stock to another investment choice, other than excessive trading rules applicable to such investments. Employee contributions and our matching and discretionary contributions vest immediately as of the participants' employment dates.

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) Income	12 Months Ended
Accumulated Other Comprehensive (Loss) Income	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	ACCUMULATED OTHER COMPREHENSIVE LOSS The components of and changes in accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the year ended June 30, 2023 (in thousands): Attributable to Kennametal: Pension and other postretirement benefits Currency translation adjustment Derivatives Total Balance, June 30, 2022 $ (208,406) $ (210,048) $ 4,503 $ (413,951) Other comprehensive (loss) income before reclassifications (10,402) 7,407 — (2,995) Amounts reclassified from AOCL 3,373 — (770) 2,603 Net other comprehensive (loss) income (7,029) 7,407 (770) (392) AOCL, June 30, 2023 $ (215,435) $ (202,641) $ 3,733 $ (414,343) Attributable to noncontrolling interests: Balance, June 30, 2022 $ — $ (7,547) $ — $ (7,547) Other comprehensive loss before reclassifications — (592) — (592) Net other comprehensive loss — (592) — (592) AOCL, June 30, 2023 $ — $ (8,139) $ — $ (8,139) The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 2022 (in thousands): Attributable to Kennametal: Pension and other postretirement benefits Currency translation adjustment Derivatives Total Balance, June 30, 2021 $ (213,172) $ (122,428) $ 5,273 $ (330,327) Other comprehensive loss before reclassifications (4,163) (87,620) — (91,783) Amounts reclassified from AOCL 8,929 — (770) 8,159 Net other comprehensive income (loss) 4,766 (87,620) (770) (83,624) AOCL, June 30, 2022 $ (208,406) $ (210,048) $ 4,503 $ (413,951) Attributable to noncontrolling interests: Balance, June 30, 2021 $ — $ (3,982) $ — $ (3,982) Other comprehensive loss before reclassifications — (3,565) — (3,565) Net other comprehensive loss — (3,565) — (3,565) AOCL, June 30, 2022 $ — $ (7,547) $ — $ (7,547) The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 2021 (in thousands): Attributable to Kennametal: Pension and other postretirement benefits Currency translation adjustment Derivatives Total Balance, June 30, 2020 $ (232,634) $ (181,027) $ (3,581) $ (417,242) Other comprehensive income before reclassifications 9,107 58,599 9,255 76,961 Amounts reclassified from AOCL 10,355 — (401) 9,954 Net other comprehensive income 19,462 58,599 8,854 86,915 AOCL, June 30, 2021 $ (213,172) $ (122,428) $ 5,273 $ (330,327) Attributable to noncontrolling interests: Balance, June 30, 2020 $ — $ (5,909) $ — $ (5,909) Other comprehensive income before reclassifications — 1,927 — 1,927 Net other comprehensive income — 1,927 — 1,927 AOCL, June 30, 2021 $ — $ (3,982) $ — $ (3,982) Reclassifications out of AOCL for the years ended June 30, 2023, 2022 and 2021 consisted of the following: Year Ended June 30, Details about AOCL components 2023 2022 2021 Affected line item in the Income Statement (Gains) and losses on cash flow hedges: Forward starting interest rate swaps $ (1,020) $ (1,020) $ 4,082 Interest expense Currency exchange contracts — — (24) Other expense (income), net Total before tax (1,020) (1,020) 4,058 Tax impact 250 250 (4,459) Provision for income taxes Net of tax $ (770) $ (770) $ (401) Pension and other postretirement benefits: Amortization of transition obligations $ 84 $ 94 $ 94 Other expense (income), net Amortization of prior service credit (266) (263) (242) Other expense (income), net Recognition of actuarial losses 4,632 11,999 13,913 Other expense (income), net Total before tax 4,450 11,830 13,765 Tax impact (1,077) (2,901) (3,410) Provision for income taxes Net of tax $ 3,373 $ 8,929 $ 10,355 The amount of income tax allocated to each component of other comprehensive loss for the year ended June 30, 2023: (in thousands) Pre-tax Tax impact Net of tax Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges $ (1,020) $ 250 $ (770) Unrecognized net pension and other postretirement benefit plans loss (13,972) 3,570 (10,402) Reclassification of net pension and other postretirement benefit plans loss 4,450 (1,077) 3,373 Foreign currency translation adjustments 6,959 (144) 6,815 Other comprehensive loss $ (3,583) $ 2,599 $ (984) The amount of income tax allocated to each component of other comprehensive loss for the year ended June 30, 2022: (in thousands) Pre-tax Tax impact Net of tax Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges (1,020) 250 (770) Unrecognized net pension and other postretirement benefit plans loss (3,894) (269) (4,163) Reclassification of net pension and other postretirement benefit plans loss 11,830 (2,901) 8,929 Foreign currency translation adjustments (91,012) (173) (91,185) Other comprehensive loss $ (84,096) $ (3,093) $ (87,189) The amount of income tax allocated to each component of other comprehensive income for the year ended June 30, 2021: (in thousands) Pre-tax Tax impact Net of tax Unrealized gain on derivatives designated and qualified as cash flow hedges $ 12,264 $ (3,009) $ 9,255 Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges 4,058 (4,459) (401) Unrecognized net pension and other postretirement benefit plans gain 11,901 (2,794) 9,107 Reclassification of net pension and other postretirement benefit plans loss 13,765 (3,410) 10,355 Foreign currency translation adjustments 61,038 (510) 60,528 Other comprehensive income $ 103,026 $ (14,182) $ 88,844

Restructuring and Related Charg

Restructuring and Related Charges and Asset Impairment Charges	12 Months Ended
	Jun. 30, 2023
Restructuring Charges [Abstract]
RESTRUCTURING AND RELATED CHARGES AND ASSET IMPAIRMENT CHARGES	RESTRUCTURING AND OTHER CHARGES, NET In the June quarter of fiscal 2023, we announced an initiative to streamline our cost structure while continuing to invest in our high-return commercial and operational excellence initiatives. Total restructuring and related charges for this program of $7.4 million, compared to a target of approximately $20 million, were recorded through June 30, 2023, consisting of $6.0 million in Metal Cutting and $1.4 million in Infrastructure. The majority of the remaining charges are expected to be recognized in fiscal 2024. FY21 Restructuring Actions In the September quarter of fiscal 2020, we announced the initiation of restructuring actions in Germany associated with our simplification/modernization initiative to reduce structural costs. Subsequently, we agreed with local employee representatives to downsize our Essen, Germany operations instead of the previously proposed closure. During the June quarter of fiscal 2020, we also announced the acceleration of our other structural cost reduction plans. Total restructuring and related charges since inception of $86.4 million, compared to a target of approximately $85 million, were recorded for this program through June 30, 2022, consisting of: $78.1 million in Metal Cutting and $8.3 million in Infrastructure. The FY21 Restructuring Actions are considered complete. Annual Restructuring Charges During 2023, we recorded restructuring and related charges of $6.6 million, which consisted of $5.3 million in Metal Cutting and $1.3 million in Infrastructure. These amounts are inclusive of a reversal of restructuring charges of $0.8 million related to prior actions. Also included in restructuring and other charges, net during 2023 is a net benefit of $2.5 million primarily due to the sale of properties. During 2022, we recorded restructuring and related charges of $4.2 million, which consisted of $3.6 million in Metal Cutting and $0.6 million in Infrastructure. Of this amount, a net benefit from the reversal of restructuring charges totaled $1.2 million and restructuring-related charges of $5.5 million were included in cost of goods sold. During 2021, we recorded restructuring and related charges of $40.4 million which consisted of $35.6 million in Metal Cutting and $4.8 million in Infrastructure. Of this amount, restructuring charges totaled $29.6 million, of which $0.5 million was related to inventory and was recorded in cost of goods sold. Restructuring-related charges of $10.8 million were included in cost of goods sold. As of June 30, 2023, $9.4 million of the restructuring accrual is recorded in other current liabilities and $0.5 million is recorded in other liabilities in our consolidated balance sheet. As of June 30, 2022, $6.0 million of the restructuring accrual is recorded in other current liabilities and $1.9 million is recorded in other liabilities in our consolidated balance sheet. The amounts are as follows: (in thousands) June 30, 2022 Expense Asset Write-Down Translation Cash Expenditures June 30, 2023 Severance $ 7,919 $ 6,605 $ — $ 29 $ (4,668) $ 9,885 Total 7,919 6,605 — 29 (4,668) 9,885 (in thousands) June 30, 2021 (Reversal) expense, net Asset Write-Down Translation Cash Expenditures June 30, 2022 Severance $ 29,723 $ (4,628) $ — $ (1,772) $ (15,404) $ 7,919 Facilities — 3,385 (3,385) — — — Total 29,723 (1,243) (3,385) (1,772) (15,404) 7,919

Financial Instruments

Financial Instruments	12 Months Ended
Financial Instruments	Jun. 30, 2023
Debt Instrument, Fair Value Disclosure [Abstract]
Financial Instruments Disclosure [Text Block]	FINANCIAL INSTRUMENTS The methods used to estimate the fair value of our financial instruments are as follows: Cash and Cash Equivalents, Revolving and Other Lines of Credit and Notes Payable The carrying amounts approximate their fair value because of the short maturity of the instruments. Long-Term Debt, Including Current Maturities Fixed rate debt had a fair market value of $527.4 million and $536.1 million at June 30, 2023 and 2022, respectively. The Level 2 fair value is determined based on the quoted market prices for similar debt instruments as of June 30, 2023 and 2022, respectively. Interest Rate Swap Contracts During 2021, upon issuance of the Senior Unsecured Notes due 2031 (see Note 11 for more information) we settled the forward starting interest rate swap contracts used to hedge a portion of the interest rate risk related to the refinancing. The notional amount of the forward starting interest rate swap contracts at June 30, 2020 was $200.0 million. There were no interest rate swap contracts outstanding at June 30, 2023 or 2022. Concentrations of Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist primarily of temporary cash investments and trade receivables. By policy, we make temporary cash investments with high credit quality financial institutions and limit the amount of exposure to any one financial institution. With respect to trade receivables, concentrations of credit risk are significantly reduced because we serve numerous customers in many industries and geographic areas. We are exposed to counterparty credit risk for nonperformance of derivatives and, in the unlikely event of nonperformance, to market risk for changes in interest and currency exchange rates, as well as settlement risk. We manage exposure to counterparty credit risk through credit standards, diversification of counterparties and procedures to monitor concentrations of credit risk. We do not anticipate nonperformance by any of the counterparties. As of June 30, 2023 and 2022, we had no significant concentrations of credit risk.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
Stock-Based Compensation	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock Options Changes in our stock options for 2023 were as follows: Options Weighted Weighted Aggregate Options outstanding, June 30, 2022 271,843 $ 37.45 Exercised — — Lapsed and forfeited (54,229) 38.10 Options outstanding, June 30, 2023 217,614 $ 37.29 1.4 $ 105 Options vested and expected to vest, June 30, 2023 217,614 $ 37.29 1.4 $ 105 Options exercisable, June 30, 2023 217,614 $ 37.29 1.4 $ 105 As of June 30, 2023 and 2022, there was no unrecognized compensation cost related to options outstanding. All options were fully vested as of June 30, 2023 and 2022. Tax benefits relating to excess stock-based compensation deductions are presented in the consolidated statements of cash flows as operating cash inflows. Tax benefits resulting from stock-based compensation deductions were greater than the amounts reported for financial reporting purposes by $0.8 million and $0.7 million in 2023 and 2021, respectively, and less than the amounts reported for financial reporting purposes by $0.2 million in 2022. The amount of cash received from the exercise of capital stock options during 2023, 2022 and 2021 was zero, $0.2 million and $6.6 million, respectively. The related tax benefit was zero in 2023 and 2022, respectively, and $0.6 million in 2021. The total intrinsic value of options exercised in 2023, 2022 and 2021 was zero, $0.1 million and $2.4 million, respectively. Restricted Stock Units – Time Vesting and Performance Vesting Performance vesting restricted stock units are earned based on both annual and three-year performance targets. The performance vesting restricted stock units are subject to a service condition that requires the individual to be employed by the Company at the payment date after a three-year period, with the exception of retirement eligible grantees, who upon retirement are entitled to receive payment for any units that have been earned, including a prorated portion in the partially completed fiscal year in which the retirement occurs. Time vesting stock units are valued at the market value of the stock on the grant date. Performance vesting stock units with a market condition are valued using a Monte Carlo model. Changes in our performance vesting and time vesting restricted stock units for 2023 were as follows: Performance Performance Time Vesting Time Vesting Unvested, June 30, 2022 350,955 $ 33.44 1,213,896 $ 33.53 Granted 189,469 27.27 738,089 26.92 Vested — — (642,119) 32.62 Performance metric adjustments, net (52,111) 27.58 — — Forfeited (4,832) 30.49 (102,424) 29.89 Unvested, June 30, 2023 483,481 $ 31.68 1,207,442 $ 30.26 During 2023, 2022 and 2021, compensation expense related to performance vesting and time vesting restricted stock units was $23.3 million, $20.1 million and $23.9 million, respectively. Performance vesting stock units were adjusted by 52,111 units during 2023 related to the fiscal 2022 performance year. As of June 30, 2023, the total unrecognized compensation cost related to unvested performance vesting and time vesting restricted stock units was $24.6 million and is expected to be recognized over a weighted average period of 1.7 years.

Environmental Matters

Environmental Matters	12 Months Ended
Environmental Matters	Jun. 30, 2023
Environmental Remediation Obligations [Abstract]
ENVIRONMENTAL MATTERS	ENVIRONMENTAL MATTERS The operation of our business has exposed us to certain liabilities and compliance costs related to environmental matters. We are involved in various environmental cleanup and remediation activities at certain sites associated with our current or former operations. We establish and maintain accruals for estimated liabilities associated with certain environmental matters. At June 30, 2023 the balance of such accruals was $12.0 million, of which $1.7 million was current. At June 30, 2022, the balance was $12.5 million, of which $7.9 million was current, respectively. The decrease in the current balance reflects adjustments in estimated completion timelines based on currently available information, while the composition of such accruals remains largely unchanged. These accruals are generally not discounted. We record a loss contingency when the available information indicates it is probable that we have incurred a liability and the amount of the loss is reasonably estimable. The likelihood of a loss with respect to a particular environmental matter is often difficult to predict, and determining a meaningful estimate of the loss or a range of loss may not be practicable based on information available. When a material loss contingency is probable but a reasonable estimate cannot be made, or when a material loss contingency is at least reasonably possible, disclosure is provided. The accruals we have established for estimated environmental liabilities represent our best current estimate of the probable and reasonably estimable costs of addressing identified environmental situations, based on our review of currently available evidence, and taking into consideration our prior experience in remediation and that of other companies, as well as public information released by the United States Environmental Protection Agency (USEPA), other governmental agencies and by the Potentially Responsible Party (PRP) groups in which we are participating. The accrued liabilities for all environmental concerns could change substantially due to factors such as the nature and extent of contamination, changes in remedial requirements, technological changes, discovery of new information, the financial strength of other PRPs, the identification of new PRPs and the involvement of and direction taken by the government or the courts on these matters. Among other environmental laws, we are subject to the Comprehensive Environmental Response Compensation and Liability Act of 1980 (CERCLA), under which we have been identified by the USEPA or other third party as a PRP with respect to environmental remedial costs at certain Superfund sites. We have evaluated our claims and estimated liability associated with these sites based upon the best information currently available to us. We believe our environmental accruals are adequate to cover our portion of the environmental remedial costs at the sites where we have been designated a PRP, to the extent these expenses are probable and reasonably estimable.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES Legal Matters Various lawsuits arising during the normal course of business are pending against us. In our opinion, the ultimate liability, if any, resulting from these matters will have no significant effect on our consolidated financial position or results of operations. During 2023, we recorded a litigation settlement of $3 million related to legacy operations within other expense (income), net. Lease Commitments We lease a wide variety of facilities and equipment under operating leases, primarily for warehouses, production and office facilities and equipment. Refer to Note 9 for more information. Purchase Commitments We have purchase commitments for materials, supplies and machinery and equipment as part of the ordinary conduct of business. Some of these commitments extend beyond one year and are based on minimum purchase requirements. We believe these commitments are not at prices in excess of current market. Other Contractual Obligations We do not have material financial guarantees or other contractual commitments that are reasonably likely to adversely affect our liquidity.

Segment Data

Segment Data	12 Months Ended
Segment Data	Jun. 30, 2023
Segment Reporting [Abstract]
SEGMENT DATA	SEGMENT DATA The Company manages and reports its business in the following two segments: Metal Cutting and Infrastructure. The Company's reportable operating segments have been determined in accordance with the Company's internal management structure, which is organized based on operating activities, the manner in which we organize segments for making operating decisions and assessing performance and the availability of separate financial results. We do not allocate certain corporate expenses related to executive retirement plans, the Company’s Board of Directors and strategic initiatives, as well as certain other costs and report them in Corporate. Our reportable operating segments do not represent the aggregation of two or more operating segments. Sales to a single customer did not aggregate to five percent or more of total sales in 2023, 2022 and 2021. METAL CUTTING The Metal Cutting segment develops and manufactures high performance tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets, including aerospace and defense, general engineering, energy and transportation. The products include milling, hole making, turning, threading and toolmaking systems used in the manufacture of airframes, aero engines, trucks and automobiles, ships and various types of industrial equipment. We leverage advanced manufacturing capabilities in combination with varying levels of customization to solve our customers’ toughest challenges and deliver improved productivity for a wide range of applications . Metal Cutting markets its products under the Kennametal ® , WIDIA ® , WIDIA Hanita ® and WIDIA GTD ® brands through its direct sales force, a network of independent and national distributors, integrated supplier channels and via the Internet. Application engineers and technicians are critical to the sales process and directly assist our customers with specified product design, selection, application and support. INFRASTRUCTURE Our Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and advanced metallurgical powders, primarily for the aerospace and defense, energy, earthworks and general engineering end markets. These wear-resistant products include compacts, nozzles, frac seats and custom components used in oil and gas and petrochemical industries; rod blanks and abrasive water jet nozzles for general industries; earth cutting tools and systems used in underground mining, trenching and foundation drilling and road milling; tungsten carbide powders for the oil and gas, aerospace and process industries; high temperature critical wear components, tungsten penetrators and armor solutions for aerospace and defense; and ceramics used by the packaging industry for metallization of films and papers. We combine deep metallurgical and engineering expertise with advanced manufacturing capabilities, such as 3D printing, to deliver solutions that drive improved productivity for our customers. Infrastructure markets its products primarily under the Kennametal ® brand and sells through a direct sales force as well as through distributors. Segment data is summarized as follows: (in thousands) 2023 2022 2021 Sales: Metal Cutting $ 1,269,765 $ 1,227,273 $ 1,150,746 Infrastructure 808,419 785,183 690,695 Total sales $ 2,078,184 $ 2,012,456 $ 1,841,441 Operating income: Metal Cutting $ 135,763 $ 121,386 $ 45,855 Infrastructure 59,757 98,871 59,461 Corporate (3,103) (2,117) (3,148) Total operating income $ 192,417 $ 218,140 $ 102,168 Interest expense $ 28,496 $ 25,914 $ 46,375 Other expense (income), net 4,300 (14,507) (8,867) Income before income taxes $ 159,621 $ 206,733 $ 64,660 Depreciation and amortization: Metal Cutting $ 90,880 $ 87,986 $ 81,796 Infrastructure 43,144 43,691 44,661 Corporate 1 1 31 Total depreciation and amortization $ 134,025 $ 131,678 $ 126,488 Segment assets (4) : Metal Cutting $ 1,460,757 $ 1,469,835 $ 1,532,177 Infrastructure 734,944 768,226 698,766 Corporate 351,533 335,463 434,818 Total assets $ 2,547,234 $ 2,573,524 $ 2,665,761 Capital expenditures: Metal Cutting $ 58,384 $ 64,055 $ 103,812 Infrastructure 36,001 32,869 23,490 Total capital expenditures $ 94,385 $ 96,924 $ 127,302 (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, based on country where the sale originated, and long-lived assets is as follows: (in thousands) 2023 2022 2021 Sales: United States $ 848,713 $ 797,768 $ 692,106 Germany 270,936 262,764 260,792 China 220,193 234,997 242,815 India 112,819 108,695 94,966 Canada 103,323 94,956 79,891 Italy 68,249 67,930 59,955 France 51,178 47,218 45,356 South Africa 42,775 42,402 36,079 Mexico 42,367 35,099 29,629 Brazil 32,946 26,147 21,292 Spain 31,064 29,756 30,577 United Kingdom 29,943 30,686 28,464 Other (5) 223,678 234,038 219,519 Total sales $ 2,078,184 $ 2,012,456 $ 1,841,441 Total long-lived assets: United States $ 552,770 $ 585,003 $ 611,724 Germany 204,551 195,325 218,250 China 81,731 92,315 97,404 India 44,748 45,146 19,144 Israel 24,662 26,864 44,504 Canada 18,934 18,478 21,790 Other (5) 41,672 38,910 42,319 Total long-lived assets (6) $ 969,068 $ 1,002,041 $ 1,055,135 (5) Other does not contain any country that individually exceeds 2 percent of total sales or total long-lived assets, respectively. (6) Total long-lived assets as of June 30, 2023, 2022 and 2021 include property, plant, and equipment, net. The following table presents Kennametal's revenue disaggregated by segment by geography: Metal Cutting Infrastructure Total Kennametal 2023 2022 2021 2023 2022 2021 2023 2022 2021 Americas 44 % 41 % 38 % 60 % 59 % 57 % 50 % 48 % 45 % EMEA 36 37 39 18 18 19 29 30 31 Asia Pacific 20 22 23 22 23 24 21 22 24 To better align with the Company's strategic goals and initiatives, certain of the end markets that are reported externally and used to analyze sales performance have been redefined. The changes include 1.) defense sales were moved from general engineering and are now combined with aerospace sales for a new "aerospace and defense" end market, 2.) certain Metal Cutting sales have been reclassified from general engineering to the aerospace and defense end market, and 3.) Infrastructure's ceramics sales have been reclassified from energy to the general engineering end market. All periods presented have been retrospectively restated to align with the new end markets. The following table presents Kennametal's revenue disaggregated by segment by end market: Metal Cutting Infrastructure Total Kennametal 2023 2022 2021 2023 2022 2021 2023 2022 2021 General Engineering 55 % 55 % 53 % 34 % 34 % 34 % 47 % 47 % 46 % Transportation 27 27 30 — — — 16 17 19 Aerospace & Defense 11 10 9 6 7 9 9 9 9 Energy 7 8 8 24 22 18 14 13 12 Earthworks — — — 36 37 39 14 14 14

Schedule II Valuation and Quali

Schedule II Valuation and Qualifying Accounts and Reserves	12 Months Ended
Schedule II Valuation and Qualifying Accounts and Reserves	Jun. 30, 2023
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts Disclosure	SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS (In thousands) Balance at Charges to Recoveries Other Deductions Balance at 2023 Allowance for doubtful accounts $ 9,422 $ 495 $ (516) $ (122) (1) $ (520) (2) $ 8,759 Deferred tax asset valuation allowance 14,385 — (3,760) (75) (1) (2,269) (3) 8,281 2022 Allowance for doubtful accounts $ 9,734 $ 1,242 $ 163 $ (321) (1) $ (1,396) (2) $ 9,422 Deferred tax asset valuation allowance 21,263 371 (4,459) 42 (1) (2,832) (3) 14,385 2021 Allowance for doubtful accounts $ 9,430 $ 2,602 $ 635 $ 400 (1) $ (3,333) (2) $ 9,734 Deferred tax asset valuation allowance 16,654 4,115 — 494 (1) — 21,263 (1) Represents foreign currency translation adjustment. (2) Represents uncollected accounts charged against the allowance. (3) Represents primarily changes in tax rates and forfeited net operating loss deduction.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Pay vs Performance Disclosure
Net income attributable to Kennametal	$ 118,459	$ 144,623	$ 54,434

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	true
Rule 10b5-1 Arrangement Terminated	true
Non-Rule 10b5-1 Arrangement Terminated	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2023
Accounting Policies [Abstract]
Principles of Consolidation	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include our accounts and those of our subsidiaries in which we have a controlling interest. All intercompany balances and transactions are eliminated.
Use of Estimates in the Preparation of Financial Statements	USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS In preparing our consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP), we make judgments and estimates about the amounts reflected in our consolidated financial statements. As part of our financial reporting process, our management collaborates to determine the necessary information on which to base our judgments and develop estimates used to prepare the consolidated financial statements. We use historical experience and available information to make these judgments and estimates. Actual amounts could differ from the estimates reflected in our consolidated financial statements.
Cash and Cash Equivalents	CASH AND CASH EQUIVALENTS Cash investments having original maturities of three months or less are considered cash equivalents. Cash equivalents principally consist of investments in money market funds and bank deposits at June 30, 2023.
Accounts Receivable	ACCOUNTS RECEIVABLE We market our products to a diverse customer base throughout the world. Trade credit is extended based upon periodically updated evaluations of each customer’s ability to satisfy its obligations. We record allowances for estimated losses resulting from the inability of our customers to make required payments. We assess the creditworthiness of our customers based on multiple sources of information and analyze additional factors such as our historical bad debt experience, industry concentrations of credit risk, current economic trends, changes in customer payment terms and forward-looking information.
Inventory	INVENTORIES We use the last-in, first-out (LIFO) method for determining the cost of a significant portion of our United States (U.S.) inventories, and they are stated at the lower of cost or market. The cost of the remainder of our inventories is measured using approximate costs determined on the first-in, first-out basis or using the average cost method, and are stated at the lower of cost or net realizable value. When market conditions indicate an excess of carrying costs over market value, a lower of cost or net realizable value provision or a lower of cost or market provision, as applicable, is recorded. Once inventory is determined to be excess or obsolete, a new cost basis is established that is not subsequently written back up in future periods.
Property, Plant and Equipment	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are carried at cost. Major improvements are capitalized, while maintenance and repairs are expensed as incurred. Retirements and disposals are removed from cost and accumulated depreciation accounts, with the gain or loss reflected in operating income. Interest related to the construction of major facilities is capitalized as part of the construction costs and is depreciated over the facilities' estimated useful lives. Depreciation for financial reporting purposes is computed using the straight-line method over the following estimated useful lives: building and improvements over 15-40 years; machinery and equipment over 4-15 years; furniture and fixtures over 5-10 years and computer hardware and software over 3-5 years.
Long Lived Assets	LONG-LIVED ASSETS We evaluate the recoverability of property, plant and equipment, operating lease right-of-use (ROU) assets and intangible assets that are amortized, whenever events or changes in circumstances indicate the carrying amount of any such assets may not be fully recoverable. Changes in circumstances include technological advances, changes in our business model, capital structure, economic conditions or operating performance. Our evaluation is performed at the asset group level, based upon, among other things, our assumptions about the estimated future undiscounted cash flows these assets are expected to generate. When the sum of the undiscounted cash flows is less than the carrying value, we will recognize an impairment loss to the extent that carrying value exceeds fair value. We apply our best judgment when performing these evaluations to determine if a triggering event has occurred, the undiscounted cash flows used to assess recoverability and the fair value of the asset group.
Goodwill and Other Intangible Assets	GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill represents the excess of cost over the fair value of the net assets of acquired companies. Goodwill and other intangible assets with indefinite lives are tested at least annually for impairment. We perform our annual impairment tests during the June quarter in connection with our annual planning process unless there are impairment indicators based on the results of an ongoing cumulative qualitative assessment that warrant a test prior to that quarter. As of June 30, 2023, only the Metal Cutting reporting unit has goodwill recorded. We evaluate the recoverability of goodwill for the reporting unit by comparing the fair value of the reporting unit with its carrying value. The fair value of our reporting unit is determined using a combination of a discounted cash flow analysis and market multiples based upon historical and projected financial information. We apply our best judgment when assessing the reasonableness of the financial projections used to determine the fair value of the reporting unit. We evaluate the recoverability of indefinite-lived intangible assets using a discounted cash flow analysis based on projected financial information. This evaluation is sensitive to changes in market interest rates and other external factors. The majority of our intangible assets with definite lives are amortized on a straight-line basis, while certain customer-related intangible assets are amortized on an accelerated method. Identifiable assets with finite lives are reviewed for impairment when events or circumstances indicate that the carrying value may not be recoverable.
Pension and Other Postretirement Benefits	PENSION AND OTHER POSTRETIREMENT BENEFITS We sponsor these types of benefit plans for certain employees and retirees. Accounting for the cost of these plans requires the estimation of the cost of the benefits to be provided well into the future and attributing that cost over either the expected work life of employees or over the average life of participants participating in these plans, depending on plan status and on participant population. This estimation requires our judgment about the discount rate used to determine these obligations, expected return on plan assets, rate of future compensation increases, rate of future health care costs, withdrawal and mortality rates and participant retirement age. Differences between our estimates and actual results may significantly affect the cost of our obligations under these plans. In the valuation of our pension and other postretirement benefit liabilities, management utilizes various assumptions. Discount rates are derived by identifying a theoretical settlement portfolio of high quality corporate bonds sufficient to provide for a plan’s projected benefit payments. This rate can fluctuate based on changes in the corporate bond yields. The long-term rate of return on plan assets is estimated based on an evaluation of historical returns for each asset category held by the plans, coupled with the current and short-term mix of the investment portfolio. The historical returns are adjusted for expected future market and economic changes. This return will fluctuate based on actual market returns and other economic factors. The rate of future health care costs is based on historical claims and enrollment information projected over the next year and adjusted for administrative charges. Future compensation rates, withdrawal rates and participant retirement age are determined based on historical information. These assumptions are not expected to significantly change. Mortality rates are determined based on a review of published mortality tables.
Earnings Per Share	EARNINGS PER SHARE Basic earnings per share is computed using the weighted average number of shares outstanding during the period, while diluted earnings per share is calculated to reflect the potential dilution that would occur related to the issuance of capital stock under stock option grants, performance awards and restricted stock units. The difference between basic and diluted earnings per share relates solely to the effect of capital stock options, performance awards and restricted stock units. The following tables provide the computation of diluted shares outstanding: (in thousands) 2023 2022 2021 Weighted-average shares outstanding during period 80,803 83,252 83,602 Add: Unexercised stock options and unvested restricted stock units 599 692 731 Number of shares on which diluted earnings per share is calculated 81,402 83,944 84,333 Unexercised stock options with an exercise price greater than the average market price and restricted stock units not included in the computation because they were anti-dilutive 642 260 295
Revenue Recognition	REVENUE RECOGNITION The Company's contracts with customers are comprised of purchase orders, and for larger customers, may also include long-term agreements. We account for a contract when it has approval and commitment from both parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. These contracts with customers typically relate to the manufacturing of products, which represent single performance obligations that are satisfied when control of the product passes to the customer. The Company considers the timing of right to payment, transfer of risk and rewards, transfer of title, transfer of physical possession and customer acceptance when determining when control transfers to the customer. As a result, revenue is generally recognized at a point in time - either upon shipment or delivery - based on the specific shipping terms in the contract. The shipping terms vary across all businesses and depend on the product, customary local commercial terms and the type of transportation. Shipping and handling activities are accounted for as activities to fulfill a promise to transfer a product to a customer and as such, costs incurred are recorded when the related revenue is recognized. Payment for products is due within a limited time period after shipment or delivery, typically within 30 to 90 calendar days of the respective invoice dates. The Company does not generally offer extended payment terms. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods. Amounts billed and due from our customers are classified as accounts receivable, less allowance for doubtful accounts on the consolidated balance sheets. Certain contracts with customers, primarily distributor customers, have an element of variable consideration that is estimated when revenue is recognized under the contract. Variable consideration primarily includes volume incentive rebates, which are based on achieving a certain level of purchases and other performance criteria as established by our distributor programs. These rebates are estimated based on projected sales to the customer and accrued as a reduction of net sales as they are earned. The majority of our products are consumed by our customers or end users in the manufacture of their products. Historically, we have experienced very low levels of returned products and do not consider the effect of returned products to be material. We have recorded an estimated returned goods allowance to provide for any potential returns. We warrant that products sold are free from defects in material and workmanship under normal use and service when correctly installed, used and maintained. This warranty terminates 30 days after delivery of the product to the customer and does not apply to products that have been subjected to misuse, abuse, neglect or improper storage, handling or maintenance. Products may be returned to Kennametal only after inspection and approval by Kennametal and upon receipt by the customer of shipping instructions from Kennametal. We have included an estimated allowance for warranty returns in our returned goods allowance discussed above. The Company records a contract asset when it has a right to payment from a customer that is conditioned on events that have occurred other than the passage of time. The Company also records a contract liability when customers prepay but the Company has not yet satisfied its performance obligation. The Company did not have any material remaining performance obligations, contract assets or liabilities as of June 30, 2023 and 2022. The Company pays sales commissions related to certain contracts, which qualify as incremental costs of obtaining a contract. However, the Company applies the practical expedient that allows an entity to recognize incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that would have been recognized is one year or less. These costs are recorded within operating expense in our consolidated statements of income. SHIPPING AND HANDLING FEES AND COSTS All fees billed to customers for shipping and handling are classified as a component of sales. All costs associated with shipping and handling are classified as a component of cost of goods sold.
Stock-Based Compensation	STOCK-BASED COMPENSATION We recognize stock-based compensation expense for all stock options, restricted stock awards and restricted stock units over the period from the date of grant to the date when the award is no longer contingent on the employee providing additional service (substantive vesting period). Forfeitures are recorded as incurred. We utilize the Black-Scholes valuation method to establish the fair value of all stock option awards. Time vesting stock units are valued at the market value of the stock on the grant date. Performance vesting stock units with a market condition are valued using a Monte Carlo model.
Research and Development Costs	RESEARCH AND DEVELOPMENT COSTS Research and development costs of $43.1 million, $42.1 million and $39.5 million in 2023, 2022 and 2021, respectively, were expensed as incurred. These costs are included in operating expense in the consolidated statements of income.
Income Taxes	INCOME TAXES The Company’s provision for income taxes is calculated based on income and statutory tax rates in the various jurisdictions in which the Company operates and requires the use of management’s estimates and judgments. Management judgment is required in determining the Company’s worldwide provision for income taxes and recording the related assets and liabilities, including accruals for unrecognized tax benefits and assessing the need for valuation allowances on deferred tax assets. Deferred income taxes are recognized based on the future income tax effects (using enacted tax laws and rates) of differences in the carrying amounts of assets and liabilities for financial reporting and tax purposes. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not (greater than 50 percent) that a tax benefit will not be realized. In evaluating the need for a valuation allowance, we consider all potential sources of taxable income, including income available in carryback periods, future reversals of taxable temporary differences, projections of taxable income, and income from tax planning strategies, as well as all available positive and negative evidence. Positive evidence includes factors such as a history of profitable operations, and projections of future profitability within the carry forward period, including taxable income from tax planning strategies. Negative evidence includes items such as cumulative losses, projections of future losses, or carryforward periods that are not long enough to allow for the utilization of the deferred tax asset based on existing projections of income. Upon changes in facts and circumstances, we may conclude that deferred tax assets for which no valuation allowance is currently recorded may not be realized, resulting in a charge to establish a valuation allowance. Existing valuation allowances are re-examined under the same standards of positive and negative evidence. If it is determined that it is more likely than not that a deferred tax asset will be realized, the appropriate amount of the valuation allowance, if any, is released.
Derivative Instruments and Hedging Activities	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES As part of our financial risk management program, we use certain derivative financial instruments. We do not enter into derivative transactions for speculative purposes and, therefore, hold no derivative instruments for trading purposes. We use derivative financial instruments to provide predictability to the effects of changes in foreign exchange rates on our consolidated results. Our objective in managing foreign exchange exposures with derivative instruments is to reduce volatility in cash flow, allowing us to focus more of our attention on business operations. With respect to interest rate management, we have used forward-starting interest rate swaps to effectively hedge the variability in future benchmark interest payments attributable to changes in interest rates on forecasted issuances of fixed-rate debt.
Net Investment Hedges [Policy Text Block]	NET INVESTMENT HEDGES We designate financial instruments as net investment hedges from time to time to hedge the foreign exchange exposure of our net investment in foreign currency-based subsidiaries. The remeasurements of these non-derivatives designated as net investment hedges are calculated each period with changes reported in foreign currency translation adjustment within accumulated other comprehensive loss. Such amounts will remain in accumulated other comprehensive loss unless we complete or substantially complete liquidation or disposal of our investment in the underlying foreign operations.
Currency Translation	CURRENCY TRANSLATION Assets and liabilities of international operations are translated into U.S. dollars using year-end exchange rates, while revenues and expenses are translated at average exchange rates throughout the year. The resulting net translation adjustments are recorded as a component of accumulated other comprehensive loss. The local currency is the functional currency of most of our locations.

Summary Of Significant Accoun_3

Summary Of Significant Accounting Policies Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following tables provide the computation of diluted shares outstanding: (in thousands) 2023 2022 2021 Weighted-average shares outstanding during period 80,803 83,252 83,602 Add: Unexercised stock options and unvested restricted stock units 599 692 731 Number of shares on which diluted earnings per share is calculated 81,402 83,944 84,333 Unexercised stock options with an exercise price greater than the average market price and restricted stock units not included in the computation because they were anti-dilutive 642 260 295

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Financial instruments at fair value on recurring basis	As of June 30, 2023, the fair values of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ — $ 68 $ — $ 68 Total assets at fair value $ — $ 68 $ — $ 68 Liabilities: Derivatives (1) $ — $ 100 $ — $ 100 Total liabilities at fair value $ — $ 100 $ — $ 100 As of June 30, 2022, the fair value of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Derivatives (1) $ — $ 176 $ — $ 176 Total assets at fair value $ — $ 176 $ — $ 176 Liabilities: Derivatives (1) $ — $ 574 $ — $ 574 Total liabilities at fair value $ — $ 574 $ — $ 574 (1) Currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivatives designated and not designated as hedging instruments	The fair value of derivatives not designated as hedging instruments in the consolidated balance sheets are as follows: (in thousands) 2023 2022 Derivatives not designated as hedging instruments Other current assets - currency forward contracts $ 68 $ 176 Other current liabilities - currency forward contracts (100) (574) Total derivatives not designated as hedging instruments (32) (398) Total derivatives $ (32) $ (398)
Losses (gains) related to derivatives not designated as hedging instruments	related to derivatives not designated as hedging instruments have been recognized as follows: (in thousands) 2023 2022 2021 Other expense (income), net - currency forward contracts $ (435) $ 377 $ 2
Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location	As of June 30, 2022, the foreign currency-denominated intercompany loans payable designated as net investment hedges consisted of: (in thousands) 2022 Instrument Notional (EUR) (2) Notional (USD) (2) Maturity Foreign currency-denominated intercompany loan payable €13,013 $13,531 August 31, 2022 (2) Includes principal and accrued interest.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following at June 30: (in thousands) 2023 2022 Finished goods $ 328,094 $ 316,936 Work in process and powder blends 233,346 231,214 Raw materials 81,552 107,024 Inventories at current cost 642,992 655,174 Less: LIFO valuation (85,362) (84,338) Total inventories $ 557,630 $ 570,836

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such, is as follows: (in thousands) Metal Cutting Infrastructure Total Gross goodwill $ 455,276 $ 633,211 $ 1,088,487 Accumulated impairment losses (177,661) (633,211) (810,872) Balance as of June 30, 2021 $ 277,615 $ — $ 277,615 Activity for the year ended June 30, 2022: Change in gross goodwill due to translation (13,385) — (13,385) Gross goodwill 441,891 633,211 1,075,102 Accumulated impairment losses (177,661) (633,211) (810,872) Balance as of June 30, 2022 $ 264,230 $ — $ 264,230 Activity for the year ended June 30, 2023: Change in gross goodwill due to translation 5,321 — 5,321 Gross goodwill 447,212 633,211 1,080,423 Accumulated impairment losses (177,661) (633,211) (810,872) Balance as of June 30, 2023 $ 269,551 $ — $ 269,551
Components of Other Intangible Assets [Table Text Block]	The components of our other intangible assets were as follows: Estimated June 30, 2023 June 30, 2022 (in thousands) Gross Carrying Accumulated Gross Carrying Accumulated Technology-based and other 4 to 20 $ 31,872 $ (23,838) $ 31,592 $ (22,734) Customer-related 10 to 21 179,889 (112,890) 180,263 (104,698) Unpatented technology 10 to 30 31,487 (25,177) 31,807 (22,950) Trademarks 5 to 20 12,426 (11,441) 12,403 (10,317) Trademarks Indefinite 10,836 — 10,359 — Total $ 266,510 $ (173,346) $ 266,424 $ (160,699)

Leases, Codification Topic 840

Leases, Codification Topic 840 (Tables)	12 Months Ended
Leases, Codification Topic 840 (Tables)	Jun. 30, 2023
Leases [Abstract]
Lessee, Operating Lease, Liability, Maturity	The following table sets forth the maturities of our operating lease liabilities and reconciles the respective undiscounted payments to the operating lease liabilities in the consolidated balance sheet as of June 30, 2023: Year Ended June 30 (in thousands) 2024 $ 12,445 2025 9,695 2026 6,781 2027 4,448 2028 2,493 Thereafter 14,521 Total undiscounted operating lease payments $ 50,383 Less: discount to net present value 6,826 Total operating lease liabilities $ 43,557
Operating leases, supplemental cash flow information	The following table sets forth supplemental cash flow information related to our operating leases: Year Ended June 30 2023 2022 2021 Operating cash outflows from operating leases $ 15,040 $ 17,592 $ 17,651 ROU assets obtained in exchange for new operating lease liabilities $ 8,066 $ 15,430 $ 7,235
Operating leases, supplemental balance sheet information	The following table sets forth supplemental balance sheet information related to our operating leases: Year Ended June 30 2023 2022 2021 Weighted average remaining lease term 8.0 years 8.1 years 8.0 years Weighted average discount rate 3.8 % 3.2 % 3.3 %

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	12 Months Ended
Other Current Liabilities (Tables)	Jun. 30, 2023
Other Liabilities, Current [Abstract]
Other Current Liabilities [Text Block]	Other current liabilities consisted of the following at June 30: (in thousands) 2023 2022 Accrued employee benefits $ 36,980 $ 35,270 Payroll, state and local taxes 11,606 9,989 Accrued professional and legal fees 10,730 9,489 Accrued environmental 1,658 7,938 Accrued restructuring (Note 16) 9,379 6,019 Accrued interest 3,425 3,394 Other 64,010 66,304 Total other current liabilities $ 137,788 $ 138,403

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
Long-Term Debt (Tables)	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Long-term debt consisted of the following at June 30: (in thousands) 2023 2022 2.800% Senior Unsecured Notes due fiscal 2031, net of discount of $0.1 million for 2023 and $0.2 million for 2022 $ 299,860 $ 299,842 4.625% Senior Unsecured Notes due fiscal 2028, net of discount of $1.1 million for 2023 and $1.3 million for 2022 298,920 298,702 Total term debt 598,780 598,544 Less unamortized debt issuance costs (3,608) (4,180) Total long-term debt $ 595,172 $ 594,364

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Before Income Taxes	Income (loss) before income taxes consisted of the following for the years ended June 30: (in thousands) 2023 2022 2021 Income (loss) before income taxes: United States $ (14,702) $ 10,109 $ (60,775) International 174,323 196,624 125,435 Total income before income taxes $ 159,621 $ 206,733 $ 64,660 Current income taxes: Federal $ 2,007 $ 1,115 $ 39 State 546 106 133 International 42,921 44,019 30,726 Total current income taxes 45,474 45,240 30,898 Deferred income taxes: Federal $ (3,394) $ 10,841 $ (23,170) State 683 (676) (2,948) International (6,508) 1,127 1,463 Total deferred income taxes: (9,219) 11,292 (24,655) Provision for income taxes $ 36,255 $ 56,532 $ 6,243 Effective tax rate 22.7 % 27.3 % 9.7 %
Reconciliation of Income Taxes and the Provision for Income Taxes	The reconciliation of income taxes computed using the statutory U.S. income tax rate and the provision for income taxes was as follows for the years ended June 30: (in thousands) 2023 2022 2021 Income taxes at U.S. statutory rate $ 33,520 $ 43,414 $ 13,579 State income taxes, net of federal tax benefit 971 (450) (1,725) U.S. income taxes provided on international income 4,583 12,815 (6,479) Combined tax effects of international income 5,761 2,747 5,860 Change in valuation allowance and other uncertain tax positions (4,060) (614) 1,127 U.S. research and development credit (3,325) (2,814) (3,055) Change in permanent reinvestment assertion — 775 — Combined effects of Swiss tax reform (2,225) — — Recognition of stranded deferred tax balance — — (3,465) Other 1,030 659 401 Provision for income taxes $ 36,255 $ 56,532 $ 6,243
Components of Net Deferred Tax Liabilities and Assets		The components of net deferred tax assets and liabilities were as follows at June 30: (in thousands) 2023 2022 Deferred tax assets: Net operating loss (NOL) carryforwards $ 24,111 $ 25,868 Inventory valuation and reserves 9,677 11,747 Accrued employee benefits 14,758 14,825 Operating lease liabilities 11,229 11,995 Other accrued liabilities 13,963 12,992 Capitalized research and development costs 25,187 7,244 Tax credits and other carryforwards 22,601 27,686 Intangible assets 5,209 4,246 Total 126,735 116,603 Valuation allowance 8,281 14,385 Total deferred tax assets $ 118,454 $ 102,218 Deferred tax liabilities: Tax depreciation in excess of book $ 62,763 $ 57,109 Operating lease right-of-use assets 11,084 11,852 Unremitted earnings not permanently reinvested 4,831 7,242 Pension benefits 1,808 1,061 Other 4,511 2,537 Total deferred tax liabilities $ 84,997 $ 79,801 Total net deferred tax assets (liabilities) $ 33,457 $ 22,417
Reconciliation of Unrecognized Tax Benefits Excluding Interest	A reconciliation of the beginning and ending amount of unrecognized tax benefits (excluding interest and penalty) is as follows as of June 30: (in thousands) 2023 2022 2021 Balance at beginning of year $ 7,598 $ 8,656 $ 8,680 (Decreases)/Increases for tax positions of prior years (658) 105 — Decreases related to lapse of statute of limitations (99) (779) (229) Foreign currency translation 94 (384) 205 Balance at end of year $ 6,935 $ 7,598 $ 8,656

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Tables)	12 Months Ended
Pension and Other Postretirement Benefits (Tables)	Jun. 30, 2023
Retirement Benefits [Abstract]
Funded Status of Pension Plans and Amount recognized in the Consolidated Balance Sheet	The funded status of our pension plans and amounts recognized in the consolidated balance sheets as of June 30 were as follows: (in thousands) 2023 2022 Change in benefit obligation: Benefit obligation, beginning of year $ 741,009 $ 968,725 Service cost 963 1,117 Interest cost 32,235 22,532 Participant contributions 486 479 Actuarial gains (32,622) (170,055) Benefits and expenses paid (52,625) (53,149) Currency translation adjustments 7,372 (27,074) Plan amendments (50) (66) Plan settlements (1,260) (1,805) Plan curtailments (3) (3) Other adjustments 406 308 Benefit obligation, end of year $ 695,911 $ 741,009 Change in plans' assets: Fair value of plans' assets, beginning of year $ 695,965 $ 890,104 Actual return on plans' assets (4,063) (133,374) Company contributions 7,842 8,170 Participant contributions 486 479 Plan settlements (1,260) (1,805) Benefits and expenses paid (52,625) (53,149) Currency translation adjustments 3,842 (14,455) Other adjustments (7) (5) Fair value of plans' assets, end of year $ 650,180 $ 695,965 Funded status of plans $ (45,731) $ (45,044) Amounts recognized in the balance sheets consist of: Long-term prepaid benefit $ 70,567 $ 66,433 Short-term accrued benefit obligation (7,562) (6,406) Accrued pension benefits (108,736) (105,071) Net amount recognized $ (45,731) $ (45,044)
Defined Benefit Pension Plans Recognized in Accumulated Other Comprehensive (Loss) Income	The pre-tax amounts related to our defined benefit pension plans recognized in accumulated other comprehensive loss were as follows at June 30: (in thousands) 2023 2022 Unrecognized net actuarial losses $ 284,054 $ 274,416 Unrecognized net prior service costs 1,772 1,822 Unrecognized transition obligations 76 158 Total $ 285,902 $ 276,396 The pre-tax amounts related to our other postretirement benefit plans which were recognized in accumulated other comprehensive loss were as follows at June 30: (in thousands) 2023 2022 Unrecognized net actuarial losses $ 2,023 $ 2,657 Unrecognized net prior service credits (1,378) (1,649) Total $ 645 $ 1,008
Accumulated Benefit Obligations Exceeding Plan Assets Fair Value	Included in the above information are plans with accumulated benefit obligations exceeding the fair value of plan assets as of June 30 as follows: (in thousands) 2023 2022 Projected benefit obligation $ 123,065 $ 118,199 Accumulated benefit obligation 122,395 117,614 Fair value of plan assets 6,739 6,718
Net Periodic Pension (Income) Cost	The components of net periodic pension income include the following as of June 30: (in thousands) 2023 2022 2021 Service cost $ 963 $ 1,117 $ 1,685 Interest cost 32,235 22,532 23,188 Expected return on plans' assets (40,124) (51,928) (53,653) Amortization of transition obligation 84 94 94 Amortization of prior service cost 5 13 34 Curtailment (1) (2) (7) Settlement 18 205 3,190 Recognition of actuarial losses 4,440 11,702 13,606 Other adjustments 431 277 (473) Net periodic pension income $ (1,950) $ (15,990) $ (12,336)
Funded Status of Other Postretirement Benefit Plans and Amount Recognized in the Consolidated Balance Sheet	The funded status of our other postretirement benefit plans and the related amounts recognized in the consolidated balance sheets were as follows: (in thousands) 2023 2022 Change in benefit obligation: Benefit obligation, beginning of year $ 9,113 $ 11,383 Interest cost 417 288 Actuarial losses (442) (1,402) Benefits paid (1,067) (1,224) Other (130) 68 Benefit obligation, end of year $ 7,891 $ 9,113 Funded status of plan $ (7,891) $ (9,113) Amounts recognized in the balance sheets consist of: Short-term accrued benefit obligation $ (1,091) $ (1,189) Accrued postretirement benefits (6,800) (7,924) Net amount recognized $ (7,891) $ (9,113)
Net Periodic Other Postretirement Costs (Benefit)	The components of net periodic other postretirement benefit cost include the following for the years ended June 30: (in thousands) 2023 2022 2021 Interest cost $ 417 $ 288 $ 307 Amortization of prior service credit (271) (276) (276) Recognition of actuarial loss 192 297 307 Net periodic other postretirement benefit cost $ 338 $ 309 $ 338
Significant Actuarial Assumptions Used to Determine the Present Value of Net Benefit Obligations	The significant actuarial assumptions used to determine the present value of net benefit obligations for our defined benefit pension plans and other postretirement benefit plans were as follows: 2023 2022 2021 Discount Rate: U.S. plans 5.6-6.3% 4.3-5.0% 1.2-3.0% International plans 1.8-5.4% 2.0-5.0% 0.3-3.2% Rates of future salary increases: U.S. plans (Executive Retirement Plan only) 4.0 % 4.0 % 4.0 % International plans 1.8 % 1.5 % 1.5 % The significant assumptions used to determine the net periodic income for our pension and other postretirement benefit plans were as follows: 2023 2022 2021 Discount Rate: U.S. plans 4.3-5.0% 1.2-3.0% 1.6-2.9% International plans 1.8-5.0% 0.3-3.2% 0.2-2.4% Rates of future salary increases: U.S. plans (Executive Retirement Plan only) 4.0 % 4.0 % 4.0 % International plans 1.5 % 1.5 % 1.5 % Rate of return on plans assets: U.S. plans 5.2 % 6.5 % 6.8 % International plans 2.0-5.0% 0.3-5.0% 0.2-5.3%
Annual Assumed Rate of Increase in Per Capita Cost of Covered Benefits for Postretirement Benefit Plans	The annual assumed rate of increase in the per capita cost of covered benefits (the health care cost trend rate) for our postretirement benefit plans was as follows: 2023 2022 2021 Health care costs trend rate assumed for next year 7.0 % 6.3 % 6.5 % Rate to which the cost trend rate gradually declines 5.0 % 5.0 % 5.0 % Year that the rate reaches the rate at which it is assumed to remain 2031 2027 2027
Asset Allocations and Target Allocations by Asset Class	Our defined benefit pension plans’ asset allocations as of June 30, 2023 and 2022 and target allocations for 2024, by asset class, were as follows: 2023 2022 Target % Equity 16 % 14 % 13 % Fixed Income 80 % 82 % 78 % Other 4 % 4 % 9 % The following table presents the fair value of the benefit plans' assets by asset category as of June 30, 2023: (in thousands) Level 1 Level 2 Level 3 NAV (3) Total Common / collective trusts (3) : Blend funds $ — $ — $ — $ 50,612 $ 50,612 Mutual funds — — — 27,800 27,800 Corporate fixed income securities — 356,263 — — 356,263 Common stock 14,438 — — — 14,438 Government securities: U.S. government securities — 105,624 — — 105,624 Foreign government securities — 28,050 — — 28,050 Other fixed income securities — 55,404 — — 55,404 Other 717 11,272 — — 11,989 Total investments $ 15,155 $ 556,613 $ — $ 78,412 $ 650,180 The following table presents the fair value of the benefit plans' assets by asset category as of June 30, 2022: (in thousands) Level 1 Level 2 Level 3 NAV (3) Total Common / collective trusts (3) : Blend funds $ — $ — $ — $ 48,973 $ 48,973 Mutual funds — — — 24,528 24,528 Corporate fixed income securities — 379,324 — — 379,324 Common stock 25,704 — — — 25,704 Government securities: U.S. government securities — 130,064 — — 130,064 Foreign government securities — 40,729 — — 40,729 Other fixed income securities — 20,248 — — 20,248 Other 747 25,648 — — 26,395 Total investments $ 26,451 $ 596,013 $ — $ 73,501 $ 695,965

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Components of Accumulated Other Comprehensive I(Loss) Income [Table Text Block]	The components of and changes in accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the year ended June 30, 2023 (in thousands): Attributable to Kennametal: Pension and other postretirement benefits Currency translation adjustment Derivatives Total Balance, June 30, 2022 $ (208,406) $ (210,048) $ 4,503 $ (413,951) Other comprehensive (loss) income before reclassifications (10,402) 7,407 — (2,995) Amounts reclassified from AOCL 3,373 — (770) 2,603 Net other comprehensive (loss) income (7,029) 7,407 (770) (392) AOCL, June 30, 2023 $ (215,435) $ (202,641) $ 3,733 $ (414,343) Attributable to noncontrolling interests: Balance, June 30, 2022 $ — $ (7,547) $ — $ (7,547) Other comprehensive loss before reclassifications — (592) — (592) Net other comprehensive loss — (592) — (592) AOCL, June 30, 2023 $ — $ (8,139) $ — $ (8,139) The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 2022 (in thousands): Attributable to Kennametal: Pension and other postretirement benefits Currency translation adjustment Derivatives Total Balance, June 30, 2021 $ (213,172) $ (122,428) $ 5,273 $ (330,327) Other comprehensive loss before reclassifications (4,163) (87,620) — (91,783) Amounts reclassified from AOCL 8,929 — (770) 8,159 Net other comprehensive income (loss) 4,766 (87,620) (770) (83,624) AOCL, June 30, 2022 $ (208,406) $ (210,048) $ 4,503 $ (413,951) Attributable to noncontrolling interests: Balance, June 30, 2021 $ — $ (3,982) $ — $ (3,982) Other comprehensive loss before reclassifications — (3,565) — (3,565) Net other comprehensive loss — (3,565) — (3,565) AOCL, June 30, 2022 $ — $ (7,547) $ — $ (7,547) The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 2021 (in thousands): Attributable to Kennametal: Pension and other postretirement benefits Currency translation adjustment Derivatives Total Balance, June 30, 2020 $ (232,634) $ (181,027) $ (3,581) $ (417,242) Other comprehensive income before reclassifications 9,107 58,599 9,255 76,961 Amounts reclassified from AOCL 10,355 — (401) 9,954 Net other comprehensive income 19,462 58,599 8,854 86,915 AOCL, June 30, 2021 $ (213,172) $ (122,428) $ 5,273 $ (330,327) Attributable to noncontrolling interests: Balance, June 30, 2020 $ — $ (5,909) $ — $ (5,909) Other comprehensive income before reclassifications — 1,927 — 1,927 Net other comprehensive income — 1,927 — 1,927 AOCL, June 30, 2021 $ — $ (3,982) $ — $ (3,982)
Reclassification out of Accumulated Other Comprehensive Loss	Reclassifications out of AOCL for the years ended June 30, 2023, 2022 and 2021 consisted of the following: Year Ended June 30, Details about AOCL components 2023 2022 2021 Affected line item in the Income Statement (Gains) and losses on cash flow hedges: Forward starting interest rate swaps $ (1,020) $ (1,020) $ 4,082 Interest expense Currency exchange contracts — — (24) Other expense (income), net Total before tax (1,020) (1,020) 4,058 Tax impact 250 250 (4,459) Provision for income taxes Net of tax $ (770) $ (770) $ (401) Pension and other postretirement benefits: Amortization of transition obligations $ 84 $ 94 $ 94 Other expense (income), net Amortization of prior service credit (266) (263) (242) Other expense (income), net Recognition of actuarial losses 4,632 11,999 13,913 Other expense (income), net Total before tax 4,450 11,830 13,765 Tax impact (1,077) (2,901) (3,410) Provision for income taxes Net of tax $ 3,373 $ 8,929 $ 10,355
Amount of Income Tax (Expense) Benefit Allocated to Each Component of Other Comprehensive Income (Loss) [Table Text Block]	The amount of income tax allocated to each component of other comprehensive loss for the year ended June 30, 2023: (in thousands) Pre-tax Tax impact Net of tax Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges $ (1,020) $ 250 $ (770) Unrecognized net pension and other postretirement benefit plans loss (13,972) 3,570 (10,402) Reclassification of net pension and other postretirement benefit plans loss 4,450 (1,077) 3,373 Foreign currency translation adjustments 6,959 (144) 6,815 Other comprehensive loss $ (3,583) $ 2,599 $ (984) The amount of income tax allocated to each component of other comprehensive loss for the year ended June 30, 2022: (in thousands) Pre-tax Tax impact Net of tax Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges (1,020) 250 (770) Unrecognized net pension and other postretirement benefit plans loss (3,894) (269) (4,163) Reclassification of net pension and other postretirement benefit plans loss 11,830 (2,901) 8,929 Foreign currency translation adjustments (91,012) (173) (91,185) Other comprehensive loss $ (84,096) $ (3,093) $ (87,189) The amount of income tax allocated to each component of other comprehensive income for the year ended June 30, 2021: (in thousands) Pre-tax Tax impact Net of tax Unrealized gain on derivatives designated and qualified as cash flow hedges $ 12,264 $ (3,009) $ 9,255 Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges 4,058 (4,459) (401) Unrecognized net pension and other postretirement benefit plans gain 11,901 (2,794) 9,107 Reclassification of net pension and other postretirement benefit plans loss 13,765 (3,410) 10,355 Foreign currency translation adjustments 61,038 (510) 60,528 Other comprehensive income $ 103,026 $ (14,182) $ 88,844

Restructuring Charges (Tables)

Restructuring Charges (Tables)	12 Months Ended
Restructuring Charges (Tables)	Jun. 30, 2023
Restructuring Charges [Abstract]
Schedule of Restructuring Reserve by Type of Cost	As of June 30, 2023, $9.4 million of the restructuring accrual is recorded in other current liabilities and $0.5 million is recorded in other liabilities in our consolidated balance sheet. As of June 30, 2022, $6.0 million of the restructuring accrual is recorded in other current liabilities and $1.9 million is recorded in other liabilities in our consolidated balance sheet. The amounts are as follows: (in thousands) June 30, 2022 Expense Asset Write-Down Translation Cash Expenditures June 30, 2023 Severance $ 7,919 $ 6,605 $ — $ 29 $ (4,668) $ 9,885 Total 7,919 6,605 — 29 (4,668) 9,885 (in thousands) June 30, 2021 (Reversal) expense, net Asset Write-Down Translation Cash Expenditures June 30, 2022 Severance $ 29,723 $ (4,628) $ — $ (1,772) $ (15,404) $ 7,919 Facilities — 3,385 (3,385) — — — Total 29,723 (1,243) (3,385) (1,772) (15,404) 7,919

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
Stock-Based Compensation (Tables)	Jun. 30, 2023	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Changes in stock options		Changes in our stock options for 2023 were as follows: Options Weighted Weighted Aggregate Options outstanding, June 30, 2022 271,843 $ 37.45 Exercised — — Lapsed and forfeited (54,229) 38.10 Options outstanding, June 30, 2023 217,614 $ 37.29 1.4 $ 105 Options vested and expected to vest, June 30, 2023 217,614 $ 37.29 1.4 $ 105 Options exercisable, June 30, 2023 217,614 $ 37.29 1.4 $ 105
Changes in time vesting and performance vesting restricted stock units	Changes in our performance vesting and time vesting restricted stock units for 2023 were as follows: Performance Performance Time Vesting Time Vesting Unvested, June 30, 2022 350,955 $ 33.44 1,213,896 $ 33.53 Granted 189,469 27.27 738,089 26.92 Vested — — (642,119) 32.62 Performance metric adjustments, net (52,111) 27.58 — — Forfeited (4,832) 30.49 (102,424) 29.89 Unvested, June 30, 2023 483,481 $ 31.68 1,207,442 $ 30.26

Segment Data (Tables)

Segment Data (Tables)	12 Months Ended
Segment Data (Tables)	Jun. 30, 2023
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 2023 2022 2021 2023 2022 2021 2023 2022 2021 Americas 44 % 41 % 38 % 60 % 59 % 57 % 50 % 48 % 45 % EMEA 36 37 39 18 18 19 29 30 31 Asia Pacific 20 22 23 22 23 24 21 22 24 To better align with the Company's strategic goals and initiatives, certain of the end markets that are reported externally and used to analyze sales performance have been redefined. The changes include 1.) defense sales were moved from general engineering and are now combined with aerospace sales for a new "aerospace and defense" end market, 2.) certain Metal Cutting sales have been reclassified from general engineering to the aerospace and defense end market, and 3.) Infrastructure's ceramics sales have been reclassified from energy to the general engineering end market. All periods presented have been retrospectively restated to align with the new end markets. The following table presents Kennametal's revenue disaggregated by segment by end market: Metal Cutting Infrastructure Total Kennametal 2023 2022 2021 2023 2022 2021 2023 2022 2021 General Engineering 55 % 55 % 53 % 34 % 34 % 34 % 47 % 47 % 46 % Transportation 27 27 30 — — — 16 17 19 Aerospace & Defense 11 10 9 6 7 9 9 9 9 Energy 7 8 8 24 22 18 14 13 12 Earthworks — — — 36 37 39 14 14 14
Segment Data	Segment data is summarized as follows: (in thousands) 2023 2022 2021 Sales: Metal Cutting $ 1,269,765 $ 1,227,273 $ 1,150,746 Infrastructure 808,419 785,183 690,695 Total sales $ 2,078,184 $ 2,012,456 $ 1,841,441 Operating income: Metal Cutting $ 135,763 $ 121,386 $ 45,855 Infrastructure 59,757 98,871 59,461 Corporate (3,103) (2,117) (3,148) Total operating income $ 192,417 $ 218,140 $ 102,168 Interest expense $ 28,496 $ 25,914 $ 46,375 Other expense (income), net 4,300 (14,507) (8,867) Income before income taxes $ 159,621 $ 206,733 $ 64,660 Depreciation and amortization: Metal Cutting $ 90,880 $ 87,986 $ 81,796 Infrastructure 43,144 43,691 44,661 Corporate 1 1 31 Total depreciation and amortization $ 134,025 $ 131,678 $ 126,488 Segment assets (4) : Metal Cutting $ 1,460,757 $ 1,469,835 $ 1,532,177 Infrastructure 734,944 768,226 698,766 Corporate 351,533 335,463 434,818 Total assets $ 2,547,234 $ 2,573,524 $ 2,665,761 Capital expenditures: Metal Cutting $ 58,384 $ 64,055 $ 103,812 Infrastructure 36,001 32,869 23,490 Total capital expenditures $ 94,385 $ 96,924 $ 127,302
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) 2023 2022 2021 Sales: United States $ 848,713 $ 797,768 $ 692,106 Germany 270,936 262,764 260,792 China 220,193 234,997 242,815 India 112,819 108,695 94,966 Canada 103,323 94,956 79,891 Italy 68,249 67,930 59,955 France 51,178 47,218 45,356 South Africa 42,775 42,402 36,079 Mexico 42,367 35,099 29,629 Brazil 32,946 26,147 21,292 Spain 31,064 29,756 30,577 United Kingdom 29,943 30,686 28,464 Other (5) 223,678 234,038 219,519 Total sales $ 2,078,184 $ 2,012,456 $ 1,841,441 Total long-lived assets: United States $ 552,770 $ 585,003 $ 611,724 Germany 204,551 195,325 218,250 China 81,731 92,315 97,404 India 44,748 45,146 19,144 Israel 24,662 26,864 44,504 Canada 18,934 18,478 21,790 Other (5) 41,672 38,910 42,319 Total long-lived assets (6) $ 969,068 $ 1,002,041 $ 1,055,135 (5) Other does not contain any country that individually exceeds 2 percent of total sales or total long-lived assets, respectively. (6) Total long-lived assets as of June 30, 2023, 2022 and 2021 include property, plant, and equipment, net.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Goodwill, Gross	$ 1,080,423	$ 1,075,102	$ 1,088,487
Goodwill, Accumulated Impairment Loss	810,872	810,872	810,872
Goodwill	269,551	264,230	277,615
Goodwill, Period Increase (Decrease)	5,321	(13,385)
Metal Cutting [Member]
Goodwill, Gross	447,212	441,891	455,276
Goodwill, Accumulated Impairment Loss	(177,661)	(177,661)	(177,661)
Goodwill	269,551	264,230	277,615
Goodwill, Period Increase (Decrease)	5,321	(13,385)
Infrastructure [Member]
Goodwill, Gross	633,211	633,211	633,211
Goodwill, Accumulated Impairment Loss	(633,211)	(633,211)	(633,211)
Goodwill	0	0	$ 0
Goodwill, Period Increase (Decrease)	$ 0	$ 0

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 1) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) Segment shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 shares
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Payment terms, minimum	30
Weighted Average Number of Shares Outstanding, Basic \| shares	80,803	83,252	83,602
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements \| shares	599	692	731
Weighted Average Number of Shares Outstanding, Diluted \| shares	81,402	83,944	84,333
Finite-Lived Intangible Assets, Accumulated Amortization	$ (173,346)	$ (160,699)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount \| shares	642	260	295
Payment terms, maximum	90
Termination of Warranty \| Segment	30
Technology-Based and other [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 31,872	$ 31,592
Finite-Lived Intangible Assets, Accumulated Amortization	(23,838)	(22,734)
Customer-related [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	179,889	180,263
Finite-Lived Intangible Assets, Accumulated Amortization	(112,890)	(104,698)
Unpatented Technology [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	31,487	31,807
Finite-Lived Intangible Assets, Accumulated Amortization	(25,177)	(22,950)
Trademarks [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	12,426	12,403
Finite-Lived Intangible Assets, Accumulated Amortization	(11,441)	(10,317)
Trademarks [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 10,836	$ 10,359
Minimum [Member] \| Technology-Based and other [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	4 years
Minimum [Member] \| Customer-related [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Minimum [Member] \| Unpatented Technology [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Minimum [Member] \| Trademarks [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Maximum [Member] \| Technology-Based and other [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Maximum [Member] \| Customer-related [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	21 years
Maximum [Member] \| Unpatented Technology [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	30 years
Maximum [Member] \| Trademarks [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years

Summary Of Significant Accoun_6

Summary Of Significant Accounting Policies (Details 2) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 173,346	$ 160,699
Technology-Based and other [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	31,872	31,592
Finite-Lived Intangible Assets, Accumulated Amortization	23,838	22,734
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	179,889	180,263
Finite-Lived Intangible Assets, Accumulated Amortization	112,890	104,698
Unpatented Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	31,487	31,807
Finite-Lived Intangible Assets, Accumulated Amortization	25,177	22,950
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	12,426	12,403
Finite-Lived Intangible Assets, Accumulated Amortization	11,441	10,317
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 10,836	$ 10,359

Summary Of Significant Accoun_7

Summary Of Significant Accounting Policies - Stock-Based Compensation (Details) - shares	12 Months Ended
	Jun. 30, 2023	Oct. 26, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable Period for Capital Stock Options	10 years
Amended and Restated Two Thousand Ten Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		9,500,000

Summary Of Significant Accoun_8

Summary Of Significant Accounting Policies - Property, Plant and Equipment (Details) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) Segment shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($) shares
Property, Plant and Equipment [Line Items]
Amortization	$ 12,624	$ 12,988	$ 14,003
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	10,900
Finite-Lived Intangible Assets, Amortization Expense, Year Two	9,700
Finite-Lived Intangible Assets, Amortization Expense, Year Three	9,300
Finite-Lived Intangible Assets, Amortization Expense, Year Four	7,800
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 6,800
Increase in weighted average shares due to dilutive effect of unexercised capital stock options, unvested restricted stock awards and unvested restricted stock units \| shares	599	692	731
Unexercised capital stock options, restricted stock units and restricted stock awards excluded from computation of diluted EPS \| shares	642	260	295
Termination of Warranty \| Segment	30
Research and Development Expense	$ 43,100	$ 42,100	$ 39,500
Currency Transaction Gain (Loss), before Tax	$ (3,900)	$ (2,500)	$ (3,300)
Minimum [Member] \| Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Minimum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	4 years
Minimum [Member] \| Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Minimum [Member] \| ComputerHardwareAndSoftware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member] \| Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Maximum [Member] \| Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Maximum [Member] \| ComputerHardwareAndSoftware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years

Summary of Signficant Accountin

Summary of Signficant Accounting Policies (Details Textual 1) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	599	692	731
Goodwill	$ 269,551	$ 264,230	$ 277,615
Finite-Lived Intangible Assets, Accumulated Amortization	173,346	160,699
Intangible Assets, Gross (Excluding Goodwill)	$ 266,510	$ 266,424
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	642	260	295
Technology-Based and other [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	$ 31,872	$ 31,592
Finite-Lived Intangible Assets, Accumulated Amortization	$ 23,838	22,734
Technology-Based and other [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Technology-Based and other [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	4 years
Customer-related [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	$ 179,889	180,263
Finite-Lived Intangible Assets, Accumulated Amortization	$ 112,890	104,698
Customer-related [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	21 years
Customer-related [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Unpatented Technology [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	$ 31,487	31,807
Finite-Lived Intangible Assets, Accumulated Amortization	$ 25,177	22,950
Unpatented Technology [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	30 years
Unpatented Technology [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Trademarks [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	$ 12,426	12,403
Finite-Lived Intangible Assets, Accumulated Amortization	$ 11,441	10,317
Trademarks [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Trademarks [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Trademarks [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 10,836	10,359
Infrastructure [Member]
Business Acquisition [Line Items]
Goodwill	0	0	$ 0
Metal Cutting [Member]
Business Acquisition [Line Items]
Goodwill	$ 269,551	$ 264,230	$ 277,615

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Details Textual 2)	Jun. 30, 2023
Trademarks [Member] \| Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Trademarks [Member] \| Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Technology-Based and other [Member] \| Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	4 years
Technology-Based and other [Member] \| Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Unpatented Technology [Member] \| Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Unpatented Technology [Member] \| Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	30 years

Summary Of Significant Accou_10

Summary Of Significant Accounting Policies New Accounting Standards (Details)	12 Months Ended
	Jun. 30, 2023 Segment
Termination of Warranty	30

Divestiture - Narrative (Detail

Divestiture - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Divestiture - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Acquired Finite-Lived Intangible Assets [Line Items]
Proceeds from divestiture (Note 4)	$ 0	$ 1,001	$ 0	$ 24,000
Gain on divestiture (Note 4)	$ 0	$ (1,001)	0	$ 6,500
Disposition of Businesses, Net Book Value of Assets at Closing			$ 29,500

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	$ 68	$ 176
Total assets at fair value	68	176
Derivatives	100	574
Total liabilities at fair value	100	574
Fair Value, Recurring [Member] \| Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	68	176
Total assets at fair value	68	176
Derivatives	100	574
Total liabilities at fair value	100	574
Fair Value, Recurring [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	$ 0	$ 0

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Fair Value of Derivatives Designated and Note Designated as Hedging Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Fair value of derivatives
Total derivatives	$ (32)	$ (398)
Derivative, Notional Amount			$ 200,000
Not Designated as Hedging Instrument [Member]
Fair value of derivatives
Total derivatives	(32)	(398)
Foreign Exchange Forward [Member] \| Not Designated as Hedging Instrument [Member] \| Other Current Assets [Member]
Fair value of derivatives
Derivative assets designated as hedging instruments	68	176
Foreign Exchange Forward [Member] \| Not Designated as Hedging Instrument [Member] \| Other Current Liabilities [Member]
Fair value of derivatives
Derivative liabilities designated as hedging instruments	$ (100)	(574)
Forward Starting Interest Rate Swap Contracts
Fair value of derivatives
Derivative, Notional Amount		$ 200,000

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Losses (gains) related to Derivatives Not Designated as Hedging Instruments and to Cash Flow Hedges (Details) € in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 EUR (€)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Notional Amount		$ 13,531		€ 13,013
Net Investment Hedging [Member]
(Gains) losses related to cash flow hedges
Gain (Loss) on Derivative Used in Net Investment Hedge, after Tax	$ 700	800	$ (1,900)
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Amount of Hedged Item \| €				€ 13,000
Foreign Exchange Forward [Member] \| Other Nonoperating Income (Expense) [Member] \| Not Designated as Hedging Instrument [Member]
Derivative Instruments, (Gain )Loss Recognized in Income, Net
Other income, net - currency forward contracts	$ (435)	$ 377	$ 2

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Narrative 1 (Details) € in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 EUR (€)
Additional Derivative Instruments and Hedging Activities (Textual) [Abstract]
Notional amount of the contracts translated into U.S. dollars		$ 13,531		€ 13,013
Derivative, Notional Amount			$ 200,000
Settlement of interest rate swap agreement (Note 6)	$ 0	0	$ 10,198
Forward Starting Interest Rate Swap Contracts
Additional Derivative Instruments and Hedging Activities (Textual) [Abstract]
Derivative, Notional Amount		$ 200,000

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Inventories
Finished goods	$ 328,094	$ 316,936
Work in process and powder blends	233,346	231,214
Raw materials	81,552	107,024
Inventories at current cost	642,992	655,174
Less: LIFO valuation	(85,362)	(84,338)
Total inventories	$ 557,630	$ 570,836
Inventories (Textual) [Abstract]
Percentage of inventories valued by using LIFO method	33%

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Goodwill [Line Items]
Goodwill, Gross	$ 1,080,423	$ 1,075,102	$ 1,088,487
Goodwill, Accumulated Impairment Loss	(810,872)	(810,872)	(810,872)
Goodwill	269,551	264,230	277,615
Goodwill, Period Increase (Decrease)	5,321	(13,385)
Metal Cutting [Member]
Goodwill [Line Items]
Goodwill, Gross	447,212	441,891	455,276
Goodwill, Accumulated Impairment Loss	177,661	177,661	177,661
Goodwill	269,551	264,230	277,615
Goodwill, Period Increase (Decrease)	5,321	(13,385)
Infrastructure [Member]
Goodwill [Line Items]
Goodwill, Gross	633,211	633,211	633,211
Goodwill, Accumulated Impairment Loss	633,211	633,211	633,211
Goodwill	0	0	$ 0
Goodwill, Period Increase (Decrease)	$ 0	$ 0

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets Other Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Finite-Lived Intangible Assets, Accumulated Amortization	$ 173,346	$ 160,699
Intangible Assets, Gross (Excluding Goodwill)	266,510	266,424
Goodwill	269,551	264,230	$ 277,615
Metal Cutting [Member]
Goodwill	269,551	264,230	$ 277,615
Technology-Based and other [Member]
Finite-Lived Intangible Assets, Gross	31,872	31,592
Finite-Lived Intangible Assets, Accumulated Amortization	$ 23,838	22,734
Technology-Based and other [Member] \| Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	4 years
Technology-Based and other [Member] \| Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	20 years
Customer Relationships [Member]
Finite-Lived Intangible Assets, Gross	$ 179,889	180,263
Finite-Lived Intangible Assets, Accumulated Amortization	$ 112,890	104,698
Customer Relationships [Member] \| Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	10 years
Customer Relationships [Member] \| Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	21 years
Unpatented Technology [Member]
Finite-Lived Intangible Assets, Gross	$ 31,487	31,807
Finite-Lived Intangible Assets, Accumulated Amortization	$ 25,177	22,950
Unpatented Technology [Member] \| Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	10 years
Unpatented Technology [Member] \| Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	30 years
Trademarks [Member]
Finite-Lived Intangible Assets, Gross	$ 12,426	12,403
Finite-Lived Intangible Assets, Accumulated Amortization	$ 11,441	10,317
Trademarks [Member] \| Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	5 years
Trademarks [Member] \| Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	20 years
Trademarks [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 10,836	$ 10,359

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Other Intangible Assets [Abstract]
Amortization of intangibles	$ 12,624	$ 12,988	$ 14,003
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	10,900
Finite-Lived Intangible Assets, Amortization Expense, Year Two	9,700
Finite-Lived Intangible Assets, Amortization Expense, Year Three	9,300
Finite-Lived Intangible Assets, Amortization Expense, Year Four	7,800
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 6,800

Leases, Codification Topic 84_2

Leases, Codification Topic 840 (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Short-term Lease, Cost	$ 7,000	$ 3,700	$ 2,400
Operating Lease, Weighted Average Remaining Lease Term	8 years	8 years 1 month 6 days	8 years
Operating Lease, Weighted Average Discount Rate, Percent	3.80%	3.20%	3.30%
Operating Lease, Payments	$ 15,040	$ 17,592	$ 17,651
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	8,066	15,430	7,235
Lessee, Operating Lease, Liability, Payments, Due Next Rolling Twelve Months	12,445
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Two	9,695
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Three	6,781
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Four	4,448
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Five	2,493
Lessee, Operating Lease, Liability, Payments, Due after Rolling Year Five	14,521
Lessee, Operating Lease, Liability, to be Paid	50,383
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	6,826
Operating Lease, Liability	43,557
Operating Leased Assets [Line Items]
Operating Lease, Cost	$ 22,000	$ 21,300	$ 20,200

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Other Liabilities, Current [Abstract]
Accrued employee benefits, current	$ 36,980	$ 35,270
Restructuring reserve, current	9,379	6,019
Accrued Payroll Taxes, Current	11,606	9,989
Accrued legal and professional fees, current	10,730	9,489
Accrued interest, current	3,425	3,394
Other	64,010	66,304
Total Other Current Liabilities	137,788	138,403
Accrued Environmental Loss Contingencies, Current	$ 1,658	$ 7,938

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Long-term Debt Current and Noncurrent
Long-term Debt, Including Current Maturities	$ 598,780	$ 598,544
Debt Issuance Costs, Net	(3,608)	(4,180)
Long-term Debt, Current Maturities [Abstract]
Long-term Debt, Less Current Maturities	595,172	594,364
2.650% Senior Notes due 2020 [Member]
Long-term Debt Current and Noncurrent
Long-term Debt	299,860	299,842
4.625% Senior Unsecured Notes Due in 2028
Long-term Debt Current and Noncurrent
Long-term Debt	298,920	298,702
Long-term Debt, Current Maturities [Abstract]
Debt Instrument, Unamortized Discount	1,100	$ 1,300
Two Point Eight Percent Senior Unsecured Notes Due In Two Thousand And Thirty One
Long-term Debt, Current Maturities [Abstract]
Debt Instrument, Unamortized Discount	$ 100

Long -Term Debt - Narrative (De

Long -Term Debt - Narrative (Details) - USD ($) $ in Thousands				12 Months Ended
	Feb. 23, 2021	Jun. 07, 2018	Feb. 14, 2012	Jun. 30, 2023	Jun. 30, 2022
Long Term Debt (Additional Textual) [Abstract]
Long-term Debt, Fair Value				$ 527,400	$ 536,100
Forward Starting Interest Rate Swap Contracts
Long Term Debt (Additional Textual) [Abstract]
Interest Income (Expense), Net				2,600
4.625% Senior Unsecured Notes Due in 2028
Long-Term Debt (Textual) [Abstract]
Debt Instrument, Interest Rate, Stated Percentage		4.625%
Debt Instrument, Unamortized Discount				1,100	1,300
Long Term Debt (Additional Textual) [Abstract]
Proceeds from Issuance of Senior Long-term Debt		$ 300,000
3.875% Senior Unsecured Notes Due in 2022 [Member]
Long-Term Debt (Textual) [Abstract]
Debt Instrument, Interest Rate, Stated Percentage			3.875%
Long Term Debt (Additional Textual) [Abstract]
Proceeds from Issuance of Senior Long-term Debt			$ 300,000
Two Point Eight Percent Senior Unsecured Notes Due In Two Thousand And Thirty One
Long-Term Debt (Textual) [Abstract]
Debt Instrument, Interest Rate, Stated Percentage	2.80%
Debt Instrument, Unamortized Discount				100
Long Term Debt (Additional Textual) [Abstract]
Proceeds from Issuance of Senior Long-term Debt	$ 300,000
Twenty Eighteen Credit Agreement [Member] [Domain]
Long-Term Debt (Textual) [Abstract]
Maximum Borrowing Capacity under the 2018 Credit Agreement		$ 700,000
Borrowing outstanding under 2018 Credit Agreement				$ 0	$ 19,000
Term of Long Term Debt				5 years

Notes Payable and Lines of Cr_2

Notes Payable and Lines of Credit (Details) - USD ($)	12 Months Ended
Notes Payable and Lines of Credit (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 07, 2018
Notes Payable and Lines of Credit (Textual) [Abstract]
Notes Payable	$ 689,000	$ 21,186,000
Other Notes Payable	$ 700,000	2,200,000
Line of Credit
Notes Payable and Lines of Credit (Textual) [Abstract]
Debt, Weighted Average Interest Rate	5%
Net Debt to EBITDA Ratio, domestic cash allowed to net debt, amount, minimum	$ 25,000,000
Net Debt to EBITDA Ratio, Maximum	3.75
Notes Payable to Banks [Member]
Notes Payable and Lines of Credit (Textual) [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity	54,500,000
Line of Credit Facility Unused	700,000,000
Twenty Eighteen Credit Agreement [Member] [Domain]
Notes Payable and Lines of Credit (Textual) [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity			$ 700,000,000
Line of Credit Facility, Fair Value of Amount Outstanding	$ 0	$ 19,000,000
Term of Long Term Debt	5 years

Income Taxes - Effective Tax Ra

Income Taxes - Effective Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income (Loss) Before Income Taxes
United States	$ (14,702)	$ 10,109	$ (60,775)
International	174,323	196,624	125,435
Income before income taxes	159,621	206,733	64,660
Current Income Taxes
Federal	2,007	1,115	39
State	546	106	133
International	42,921	44,019	30,726
Total Current Income Taxes	45,474	45,240	30,898
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]
Federal	(3,394)	10,841	(23,170)
State	683	(676)	(2,948)
International	(6,508)	1,127	1,463
Deferred Income Taxes and Tax Credits	(9,219)	11,292	(24,655)
Provision for income taxes	$ 36,255	$ 56,532	$ 6,243
Effective tax rate	22.70%	27.30%	9.70%

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income Taxes at U.S Statutory Rate	$ 33,520	$ 43,414	$ 13,579
State Income Taxes, Net of Federal Tax Benefits	971	(450)	(1,725)
US Income Tax Provided On International Income	4,583	12,815	(6,479)
Combined Tax Effects of International Income	5,761	2,747	5,860
Change in valuation allowance and other uncertain tax positions	(4,060)	(614)	1,127
Research and Development Credit	(3,325)	(2,814)	(3,055)
Change In Permanent Reinvestment Assertion	0	775	0
Other	1,030	659	401
Provision for income taxes	36,255	56,532	6,243
Discrete Benefit for Swiss Tax Reform	(2,225)	0	0	$ 14,500
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount	$ 0	$ 0	$ 3,465

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Deferred Tax Assets
Net Operating Loss Carryforwards	$ 24,111	$ 25,868
Inventory Valuation and Reserves	9,677	11,747
Accrued Employee Benefits	14,758	14,825
Other Accrued Liabilities	13,963	12,992
Tax Credit and Other Carryforwards	22,601	27,686
Total	126,735	116,603
Valuation Allowance	8,281	14,385
Total Deferred Tax Assets	118,454	102,218
Deferred Tax Liabilities
Tax Depreciation in Excess of Book	62,763	57,109
Deferred Tax Liabilities, Undistributed Foreign Earnings	4,831	7,242
Deferred Tax Liabilities, Pension Benefits	1,808	1,061
Deferred Tax Liabilities, Other	4,511	2,537
Total Deferred Tax Liabilities	84,997	79,801
Total Net Deferred Tax Liabilities	33,457	22,417
Deferred Tax Assets, Goodwill and Intangible Assets	5,209	4,246
Deferred Tax Asset, Tax Deferred Expense, Operating lease liabilities	11,229	11,995
Deferred Tax Liabilities, Operating lease right-of-use assets	$ 11,084	$ 11,852

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 7,598	$ 8,656	$ 8,680
Increases for tax positions of prior years	(658)	105	0
Decreases related to lapse of statute of limitations	(99)	(779)	(229)
Decrease Resulting from Foreign Currency Translation	94		205
Increase Resulting from Foreign Currency Translation		(384)
Balance at end of year	$ 6,935	$ 7,598	$ 8,656

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) $ in Thousands, € in Millions	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 EUR (€)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2023 EUR (€)
Income Tax (Textual) [Abstract]
Valuation Allowance Adjustment	$ (4,060)		$ (614)	$ 1,127
Change In Permanent Reinvestment Assertion	0		775	0
Tax Benefits associated with Net Operating Loss Carryforwards in Federal, State and Foreign Jurisdictions	24,111		25,868
Valuation Allowance	(8,281)		(14,385)
Change in Valuation Allowance, Current Year	6,100
Deferred Tax Assets, Tax Credit Carryforwards	22,601		27,686
Unremitted Earnings of Non-U.S. Subsidiaries and Affiliates			1,500,000
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	6,900		7,600	8,700
Increase (reduction) in Interest	300		100	200
Interest Accrued	1,000		1,400
Deferred Tax Liabilities, Undistributed Foreign Earnings	4,831		7,242
Discrete Benefit for Swiss Tax Reform	(2,225)		0	0	$ 14,500
Total Net Deferred Tax Liabilities	(33,457)		(22,417)
Decrease in Unrecognized Tax Benefits is Reasonably Possible	5,600
US Income Tax Provided On International Income	4,583		12,815	$ (6,479)
Global Intangible Low-Taxed Income Regulation
Income Tax (Textual) [Abstract]
US Income Tax Provided On International Income			$ 9,300
ITALY
Income Tax (Textual) [Abstract]
Penalties Accrued	0
Income Tax Examination, Amount in Litigation \| €						€ 36
Income Tax Examination, Estimate of Possible Loss	38,800	€ 35.6
ITALY \| Penalties and Interest
Income Tax (Textual) [Abstract]
Income Tax Examination, Estimate of Possible Loss	22,800	€ 20.9
Expiring Year Fifteen Through Twenty [Member]
Income Tax (Textual) [Abstract]
Tax Benefits associated with Net Operating Loss Carryforwards in Federal, State and Foreign Jurisdictions	5,400
Expiring Year Ten Through Fifteen [Member]
Income Tax (Textual) [Abstract]
Tax Benefits associated with Net Operating Loss Carryforwards in Federal, State and Foreign Jurisdictions	400
Expiring Year Five Through Ten [Member]
Income Tax (Textual) [Abstract]
Tax Benefits associated with Net Operating Loss Carryforwards in Federal, State and Foreign Jurisdictions	800
Expiring Through Year Five [Member]
Income Tax (Textual) [Abstract]
Tax Benefits associated with Net Operating Loss Carryforwards in Federal, State and Foreign Jurisdictions	3,300
Does not expire [Member]
Income Tax (Textual) [Abstract]
Tax Benefits associated with Net Operating Loss Carryforwards in Federal, State and Foreign Jurisdictions	14,200
Does not expire [Member]
Income Tax (Textual) [Abstract]
Deferred Tax Assets, Tax Credit Carryforwards	1,200
Expiring Year Fifteen Through Twenty [Member]
Income Tax (Textual) [Abstract]
Deferred Tax Assets, Tax Credit Carryforwards	18,700
Expiring Through Year Five [Member]
Income Tax (Textual) [Abstract]
Deferred Tax Assets, Tax Credit Carryforwards	2,700
Release of Brazil valuation allowance
Income Tax (Textual) [Abstract]
Valuation Allowance Adjustment	$ 2,900

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits - Funded Status of Pension Plans and Amounts Recognized in the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Change in Plan Assets
Fair Value of Plans' Assets, Beginning of Year	$ 695,965
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Other Adjustments	(7)	$ (5)
Fair Value of Plans' Assets, End of Year	650,180	695,965
Amounts Recognized in Balance Sheet
Long-term prepaid pension benefit (Note 14)	70,567	66,433
Pension plans contribution [Member]
Change in Benefit Obligation
Benefit Obligation, Beginning of Year	741,009	968,725
Service Cost	963	1,117	$ 1,685
Interest Cost	32,235	22,532	23,188
Participant Contributions	486	479
Actuarial Losses	(32,622)	(170,055)
Defined Benefit Plan, Benefit Obligation, Benefits Paid	52,625	53,149
Benefits and expenses paid	(52,625)	(53,149)
Currency Translation Adjustment	7,372	(27,074)
Plan Amendments	(50)	(66)
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement	(1,260)	(1,805)
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment	(3)	(3)
Benefit Obligation, End of Year	695,911	741,009	968,725
Change in Plan Assets
Fair Value of Plans' Assets, Beginning of Year	695,965	890,104
Actual Return on Plans' Assets	(4,063)	(133,374)
Company Contributions	7,842	8,170
Currency translation adjustments	3,842	(14,455)
Fair Value of Plans' Assets, End of Year	650,180	695,965	$ 890,104
Funded Status of Plans	(45,731)	(45,044)
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant	486	479
Defined Benefit Plan, Plan Assets, Payment for Settlement	1,260	1,805
Amounts Recognized in Balance Sheet
Long-term prepaid pension benefit (Note 14)	70,567	66,433
Short-term Accrued Benefit Obligation	(7,562)	(6,406)
Accrued Pension Benefits	(108,736)	(105,071)
Net Amount Recognized	(45,731)	(45,044)
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Other Change	$ 406	$ 308

Pension and Other Postretirem_4

Pension and Other Postretirement Benefits - Amounts Related to Defined Pension Plans Recognized in Accumulated Other Comprehensive (Loss) Income (Details) - Pension plans contribution [Member] - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]
Unrecognized Net Actuarial Losses	$ 284,054,000	$ 274,416,000
Unrecognized Net Prior Service Costs	1,772,000	1,822,000
Unrecognized Transition Obligations	76,000	158,000
Total	285,902,000	$ 276,396,000
Defined Benefit Plan, Expected Amortization of Transition Asset (Obligation), Next Fiscal Year	$ 100,000

Pension and Other Postretirem_5

Pension and Other Postretirement Benefits - Plans with Accumulated Benefit Obligations Exceeding the Fair Value of Plan Assets (Details) - Pension plans contribution [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Project Benefit Obligation	$ 123,065	$ 118,199
Accumulated Benefit Obligation	122,395	117,614
Fair Value of Plan Assets	$ 6,739	$ 6,718

Pension and Other Postretirem_6

Pension and Other Postretirement Benefits - Components of Net Periodic Pension (Income) Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Net periodic pension income
Special termination benefit charge		$ 277
Pension plans contribution [Member]
Net periodic pension income
Service cost	$ 963	1,117	$ 1,685
Interest cost	32,235	22,532	23,188
Expected Return on Plans' Assets	(40,124)	(51,928)	(53,653)
Amortization of transition obligation	84	94	94
Amortization of prior service cost	5	13	34
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment	(1)	(2)	(7)
Special termination benefit charge	431		(473)
Settlement Loss	18	205	3,190
Recognition of actuarial losses	4,440	11,702	13,606
Net Periodic Benefit (Income) Cost	$ (1,950)	$ (15,990)	$ (12,336)

Pension and Other Postretirem_7

Pension and Other Postretirement Benefits - Funded Status of Other Postretirement Benefit Plans and Amounts Recognized in the Consolidated Balance Sheets (Details) - Other Postretirement Benefit Plan, Defined Benefit [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Change in Benefit Obligation
Benefit Obligation, Beginning of Year	$ 9,113	$ 11,383
Interest Cost	417	288	$ 307
Actuarial Losses	(442)	(1,402)
Benefits and expenses paid	(1,067)	(1,224)
Plan Amendments	(130)	68
Benefit Obligation, End of Year	7,891	9,113	$ 11,383
Funded Status of Plans	(7,891)	(9,113)
Amounts Recognized in Balance Sheet
Short-term Accrued Benefit Obligation	(1,091)	(1,189)
Accrued Postretirement Benefits	(6,800)	(7,924)
Net Amount Recognized	$ (7,891)	$ (9,113)

Pension and Other Postretirem_8

Pension and Other Postretirement Benefits - Amounts Related to Other Postretirement Benefit Plans Recognized in Accumulated Other Comprehensive (Loss) Income (Details) - Other postretirement benefit plans [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss) [Abstract]
Unrecognized Net Actuarial Losses	$ 2,023	$ 2,657
Unrecognized Net Prior Service Credits	(1,378)	(1,649)
Total	$ 645	$ 1,008

Pension and Other Postretirem_9

Pension and Other Postretirement Benefits - Components of Net Periodic Other Postretirement Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Net periodic other postretirement benefit costs
Special termination benefit charge		$ 277
Other postretirement benefit plans [Member]
Net periodic other postretirement benefit costs
Interest cost	$ 417	288	$ 307
Amortization of prior service credit	(271)	(276)	(276)
Recognition of actuarial loss	192	297	307
Net Periodic Benefit (Income) Cost	338	309	338
Pension Plan [Member]
Net periodic other postretirement benefit costs
Service cost	963	1,117	1,685
Interest cost	32,235	22,532	23,188
Amortization of prior service credit	5	13	34
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Curtailment	(1)	(2)	(7)
Recognition of actuarial loss	4,440	11,702	13,606
Special termination benefit charge	431		(473)
Net Periodic Benefit (Income) Cost	$ (1,950)	$ (15,990)	$ (12,336)

Pension and Other Postretire_10

Pension and Other Postretirement Benefits (Details 7)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
U.S. Plans [Member]
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increase	4%	4%	4%
International Plans [Member]
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increase	1.80%	1.50%	1.50%
Minimum [Member] \| U.S. Plans [Member]
Discount Rate
Discount Rate	5.60%	4.30%	1.20%
Minimum [Member] \| International Plans [Member]
Discount Rate
Discount Rate	1.80%	2%	0.30%
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increase	300%
Maximum [Member] \| U.S. Plans [Member]
Discount Rate
Discount Rate	6.30%	5%	3%
Maximum [Member] \| International Plans [Member]
Discount Rate
Discount Rate	5.40%	5%	3.20%

Pension and Other Postretire_11

Pension and Other Postretirement Benefits (Details 8)	12 Months Ended
Pension and Other Postretirement Benefits (Details 8)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Rates of Future Salary Increases [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase			1.50%
International Plans [Member]
Rates of Future Salary Increases [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	1.50%	1.50%
International Plans [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	1.80%	0.30%	0.20%
Rate of Return on Plans Assets [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	2%	0.30%	0.20%
International Plans [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	5%	3.20%	2.40%
Rate of Return on Plans Assets [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	5%	5%	5.30%
U.S. Plans [Member]
Rates of Future Salary Increases [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	4%	4%	4%
Rate of Return on Plans Assets [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	5.20%	6.50%	6.80%
U.S. Plans [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	4.30%	1.20%	1.60%
U.S. Plans [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	5%	3%	2.90%

Pension and Other Postretire_12

Pension and Other Postretirement Benefits - Significant Assumptions to Determine the Present Value of Net Benefit Obligations and the Net Periodic Costs (Benefits) (Details)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase			1.50%
Annual assumed rate of increase in per capita cost of covered benefits for postretirement benefit plans
Health Care Cost Trend Rate Assumed for Next Year	7%	6.30%	6.50%
Rate to which the Cost Trend Rate Gradually Declines	5%	5%	5%
Year that the Rate Reaches the Rate at which it is assumed to Remain	2031	2027	2027
U.S. Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	4%	4%	4%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	5.20%	6.50%	6.80%
International Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	1.50%	1.50%
Minimum [Member] \| U.S. Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	4.30%	1.20%	1.60%
Minimum [Member] \| International Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	1.80%	0.30%	0.20%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	2%	0.30%	0.20%
Maximum [Member] \| U.S. Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	5%	3%	2.90%
Maximum [Member] \| International Plans [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	5%	3.20%	2.40%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	5%	5%	5.30%

Pension and Other Postretire_13

Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits - Allocation of Plan Assets (Details)	Jun. 30, 2023	Jun. 30, 2022
Equity Securities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	16%	14%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	13%
Fixed Income Securities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	80%	82%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	78%
Other Security Investments [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	4%	4%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	9%

Pension and Other Postretire_14

Pension and Other Postretirement Benefits - Hierarchy of Fair Value of the Benefit Plan Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	$ 650,180	$ 695,965
Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	15,155	26,451
Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	556,613	596,013
NAV [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	78,412	73,501
Corporate Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	356,263	379,324
Corporate Fixed Income Securities [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	356,263	379,324
Mutual Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	27,800	24,528
Mutual Funds [Member] \| NAV [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	27,800	24,528
Blend Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	50,612	48,973
Blend Funds [Member] \| NAV [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	50,612	48,973
Common Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	14,438	25,704
Common Stock [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	14,438	25,704
US Government Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	105,624	130,064
US Government Securities [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	105,624	130,064
Foreign Government Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	28,050	40,729
Foreign Government Securities [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	28,050	40,729
Other Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	55,404	20,248
Other Fixed Income Securities [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	55,404	20,248
Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	11,989	26,395
Other [Member] \| Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	717	747
Other [Member] \| Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans', Fair Value of Plan Assets	$ 11,272	$ 25,648

Pension and Other Postretire_15

Pension and Other Postretirement Benefits - Narrative (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
Eligible Age for Availing Postretirement Healthcare Benefits	65
Special termination benefit charge		$ 277,000
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	$ (2,600,000)	(16,800,000)	$ (13,700,000)
Defined Contribution Plan, Cost	15,800,000	14,200,000	13,300,000
Defined Benefit Plan, Non-cash Settlement Charge	2,800,000
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Other Adjustments	(7,000)	(5,000)
Pension plans contribution [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement	(1,260,000)	(1,805,000)
Accumulated Benefit Obligation for all Defined Benefit Pension Plans	695,300,000	740,400,000
Net Periodic Pension Cost	(1,950,000)	(15,990,000)	(12,336,000)
Special termination benefit charge	431,000		(473,000)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement	(18,000)	(205,000)	(3,190,000)
Projected Benefit Payments for 2023	55,500,000
Projected Benefit Payments for 2024	55,600,000
Projected Benefit Payments for 2025	55,100,000
Projected Benefit Payments for 2026	55,100,000
Projected Benefit Payments for 2027	54,200,000
Projected Benefit Payments for 2028 through 2032	258,200,000
Accumulated Other Comprehensive Loss Expected to be Recognized in Net Periodic Pension Cost related to Net Actuarial Losses	5,700,000
Estimated Future Employer Contributions	9,300,000
Service Cost	963,000	1,117,000	1,685,000
Other postretirement benefit plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Net Periodic Pension Cost	338,000	$ 309,000	$ 338,000
Projected Benefit Payments for 2023	1,100,000
Projected Benefit Payments for 2024	1,000,000
Projected Benefit Payments for 2025	900,000
Projected Benefit Payments for 2026	900,000
Projected Benefit Payments for 2027	800,000
Projected Benefit Payments for 2028 through 2032	3,100,000
Accumulated Other Comprehensive Loss Expected to be Recognized in Net Periodic Pension Cost related to Net Actuarial Losses	100,000
Accumulated Other Comprehensive Income Expected to be Recognized in Net Periodic Pension Cost related to Prior Service Credit	(300,000)
Estimated Future Employer Contributions	$ 1,100,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss) Income - Components of and Changes in AOCL (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	$ (413,951)
Other comprehensive (loss) income, net of tax	(984)	$ (87,189)	$ 88,844
Accumulated Other Comprehensive (Loss) Income	(414,343)	(413,951)
Post-retirement Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	(208,406)	(213,172)	(232,634)
Net current period other comprehensive loss	(7,029)	4,766	19,462
Other comprehensive loss before reclassifications	(10,402)	(4,163)	9,107
Amounts reclassified from accumulated other comprehensive loss	3,373	8,929	10,355
Accumulated Other Comprehensive (Loss) Income	(215,435)	(208,406)	(213,172)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	(210,048)	(122,428)	(181,027)
Net current period other comprehensive loss	7,407	(87,620)	58,599
Other comprehensive loss before reclassifications	7,407	(87,620)	58,599
Amounts reclassified from accumulated other comprehensive loss		0	0
Accumulated Other Comprehensive (Loss) Income	(202,641)	(210,048)	(122,428)
Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	4,503	5,273	(3,581)
Net current period other comprehensive loss	(770)	(770)	8,854
Other comprehensive loss before reclassifications	0	0	9,255
Amounts reclassified from accumulated other comprehensive loss	(770)	(770)	(401)
Accumulated Other Comprehensive (Loss) Income	3,733	4,503	5,273
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	(413,951)	(330,327)	(417,242)
Net current period other comprehensive loss	(392)	(83,624)	86,915
Other comprehensive loss before reclassifications	(2,995)	(91,783)	76,961
Amounts reclassified from accumulated other comprehensive loss	2,603	8,159	9,954
Other comprehensive (loss) income, net of tax	(392)	(83,624)	86,915
Accumulated Other Comprehensive (Loss) Income	(414,343)	(413,951)	(330,327)
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	(7,547)	(3,982)	(5,909)
Other comprehensive loss before reclassifications	(592)	(3,565)	1,927
Other comprehensive (loss) income, net of tax	(592)	(3,565)	1,927
Accumulated Other Comprehensive (Loss) Income	(8,139)	(7,547)	(3,982)
AOCI Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	(7,547)	(3,982)	(5,909)
Other comprehensive loss before reclassifications	(592)	(3,565)	1,927
Other comprehensive (loss) income, net of tax	(592)	(3,565)	1,927
Accumulated Other Comprehensive (Loss) Income	$ (8,139)	$ (7,547)	$ (3,982)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive (Loss) Income - Components of and Changes in AOCL (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	$ (414,343)	$ (413,951)
Other comprehensive (loss) income, net of tax	(984)	(87,189)	$ 88,844
Post-retirement Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	(215,435)	(208,406)	(213,172)
Other comprehensive loss before reclassifications	(10,402)	(4,163)	9,107
Amounts reclassified from accumulated other comprehensive loss	3,373	8,929	10,355
Net current period other comprehensive loss	(7,029)	4,766	19,462
Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	3,733	4,503	5,273
Other comprehensive loss before reclassifications	0	0	9,255
Amounts reclassified from accumulated other comprehensive loss	(770)	(770)	(401)
Net current period other comprehensive loss	(770)	(770)	8,854
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	(414,343)	(413,951)	(330,327)
Other comprehensive loss before reclassifications	(2,995)	(91,783)	76,961
Other comprehensive (loss) income, net of tax	(392)	(83,624)	86,915
Amounts reclassified from accumulated other comprehensive loss	2,603	8,159	9,954
Net current period other comprehensive loss	(392)	(83,624)	86,915
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	(8,139)	(7,547)	(3,982)
Other comprehensive loss before reclassifications	(592)	(3,565)	1,927
Other comprehensive (loss) income, net of tax	(592)	(3,565)	1,927
AOCI Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive (Loss) Income	(8,139)	(7,547)	(3,982)
Other comprehensive loss before reclassifications	(592)	(3,565)	1,927
Other comprehensive (loss) income, net of tax	(592)	(3,565)	1,927
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Interest Rate Swap [Member] \| Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest Income (Expense), Net	$ (1,020)	$ (1,020)	$ 4,082

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss - Reclassifications Out of AOCL (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Currency Exchange Contracts	$ (4,300)	$ 14,507	$ 8,867
Recognition of Actuarial Losses	(4,450)	(11,830)	(13,765)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	(1,077)	(2,901)	(3,410)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Derivatives [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total Before Tax	(1,020)	(1,020)	4,058
Net of tax	(770)	(770)	(401)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Post-retirement Benefit Plans [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of Transition Obligations	84	94	94
Amortization of Prior Service Credit	(266)	(263)	(242)
Recognition of Actuarial Losses	4,632	11,999	13,913
Total Before Tax	4,450	11,830	13,765
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	(1,077)	(2,901)	(3,410)
Net of tax	3,373	8,929	10,355
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Currency Exchange Contracts [Member] \| Derivatives [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Currency Exchange Contracts	$ 0	$ 0	$ (24)

Accumulated Other Comprehensi_6

Accumulated Other Comprehensive (Loss) Income Accumulated Other Comprehensive (Loss) Income - Income Tax Allocated to Each Component of Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive (Loss) IncomeAccumulated Other Comprehensive (Loss) Income - Income Tax Allocated to Each Component of Other Comprehensive Income [Abstract]
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges	$ 770	$ 770	$ 401
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	250	250	(4,459)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	1,020	1,020	(4,058)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax	(13,972)	(3,894)	11,901
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax	3,570	(269)	(2,794)
Unrecognized net pension and other postretirement benefit plans (loss) gain	(10,402)	(4,163)	9,107
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax	4,450	11,830	13,765
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	(1,077)	(2,901)	(3,410)
Reclassification of net pension and other postretirement benefit plans loss	3,373	8,929	10,355
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	6,959	(91,012)	61,038
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	(144)	(173)	(510)
Foreign currency translation adjustments	6,815	(91,185)	60,528
Other Comprehensive Income (Loss), before Tax	(3,583)	(84,096)	103,026
Other Comprehensive Income (Loss), Tax	2,599	(3,093)	(14,182)
Other comprehensive (loss) income, net of tax	(984)	(87,189)	88,844
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax			(12,264)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax			(3,009)
Unrealized gain on derivatives designated and qualified as cash flow hedges	$ 0	$ 0	$ 9,255

Restructuring and Related Cha_2

Restructuring and Related Charges and Asset Impairment Charges - Restructuring Reserve by Type of Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Restructuring Reserve [Abstract]
Expense	$ 800	$ (1,200)	$ 29,600
Restructuring and Related Cost, Expected Cost	20,000	85,000
Gain (Loss) on Sale of Properties	2,500
Metal Cutting [Member]
Restructuring Reserve [Abstract]
Beginning Balance	7,919	29,723
Expense	6,605	(1,243)
Asset Write-Down	0	(3,385)
Translation	29	(1,772)
Cash Expenditures	(4,668)	(15,404)
Ending Balance	9,885	7,919	29,723
Metal Cutting [Member] \| Severance [Member]
Restructuring Reserve [Abstract]
Beginning Balance	7,919	29,723
Expense	6,605	(4,628)
Asset Write-Down	0	0
Translation	29	(1,772)
Cash Expenditures	(4,668)	(15,404)
Ending Balance	9,885	7,919	29,723
Metal Cutting [Member] \| Facilities [Member]
Restructuring Reserve [Abstract]
Beginning Balance	$ 0	0
Expense		3,385
Asset Write-Down		(3,385)
Translation		0
Cash Expenditures		0
Ending Balance		$ 0	$ 0

Restructuring and Related Cha_3

Restructuring and Related Charges and Asset Impairment Charges - Restructuring and Related Charges Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Restructuring and Related Costs and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	$ 20,000	$ 85,000
Restructuring and Related Cost, Incurred Cost	6,600	4,200	$ 40,400
Restructuring Charges	800	(1,200)	29,600
Restructuring Charges Related to Inventory Disposals			500
Restructuring reserve, current	9,379	6,019
Restructuring Reserve, Noncurrent	500	1,900
Metal Cutting [Member]
Restructuring and Related Costs and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	5,300	3,600	35,600
Restructuring Charges	6,605	(1,243)
Restructuring Reserve	9,885	7,919	29,723
Infrastructure [Member]
Restructuring and Related Costs and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	1,300	600	4,800
FY21 Restructuring Actions [Member]
Restructuring and Related Costs and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	7,400	86,400
FY21 Restructuring Actions [Member] \| Metal Cutting [Member]
Restructuring and Related Costs and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	6,000	78,100
FY21 Restructuring Actions [Member] \| Infrastructure [Member]
Restructuring and Related Costs and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	$ 1,400	8,300
Cost of Sales [Member]
Restructuring and Related Costs and Reserve [Line Items]
Restructuring Related Charges		$ 5,500	$ 10,800

Financial Instruments (Details)

Financial Instruments (Details) € in Thousands, $ in Thousands	Jun. 30, 2023 USD ($)	Jun. 30, 2022 EUR (€)	Jun. 30, 2022 USD ($)
Fair Value [Line Items]
Debt Instrument, Fair Value Disclosure	$ 527,400		$ 536,100
Derivative, Notional Amount		€ 13,013	$ 13,531

Stock-Based Compensation - Chan

Stock-Based Compensation - Changes in Stock Options (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Changes in stock options
Options outstanding, Beginning of Period \| shares	271,843
Options, Exercised \| shares	0
Options, Lapsed and Forfeited \| shares	(54,229)
Options outstanding, End of Period \| shares	217,614
Options vested and expected to vest, June 30, 2019 \| shares	217,614
Options exercisable, June 30, 2019 \| shares	217,614
Weighted Average Exercise Price, Options outstanding, Beginning of Period \| $ / shares	$ 37.45
Weighted Average Exercise Price, Exercised \| $ / shares	0
Weighted Average Exercise Price, Lapsed and Forfeited \| $ / shares	38.10
Weighted Average Exercise Price, Options outstanding, End of Period \| $ / shares	37.29
Weighted Average Exercise Price, Option vested and expected to vest, June 30, 2019 \| $ / shares	37.29
Weighted Average Exercise Price, Options exercisable, June 30, 2019 \| $ / shares	$ 37.29
Weighted Average Remaining Life, Options outstanding, June 30, 2019	1 year 4 months 24 days
Weighted Average Remaining Life, Options vested and expected to vest, June 30, 2019	1 year 4 months 24 days
Weighted Average Remaining Life, Options exercisable, June 30, 2019	1 year 4 months 24 days
Aggregate Intrinsic value, Options outstanding, June 30, 2019 \| $	$ 105
Aggregate Intrinsic Value, Options vested and expected to vest, June 30, 2019 \| $	105
Aggregate Intrinsic Value, Options exercisable, June 30, 2019 \| $	$ 105

Stock-Based Compensation - Ch_2

Stock-Based Compensation - Changes in Restricted Stock Units (Details) - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Performance Shares [Member]
Changes in Restricted Stock Units
Unvested Performance Vesting and Time Vesting Restricted Stock Units, Beginning of Period, Shares	350,955
Granted, Shares	189,469
Vested, Shares	0
Performance metric adjustments, net	(52,111)
Forfeited, Shares		(4,832)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value		$ 30.49
Unvested Performance Vesting and Time Vesting Restricted Stock Units End of Period	483,481	350,955
Weighted Average Fair Value, Unvested Restricted Stock Units, Beginning of Period	$ 33.44
Weighted Average Fair Value, Granted	27.27
Weighted Average Fair Value, Vested	0
Performance Metric Not Achieved, Weighted Average Exercise Price	27.58
Weighted Average Fair Value, Unvested Restricted Stock Units, End of Period	$ 31.68	$ 33.44
Restricted Stock Units - Time Vesting [Member]
Changes in Restricted Stock Units
Unvested Performance Vesting and Time Vesting Restricted Stock Units, Beginning of Period, Shares	1,213,896
Granted, Shares	738,089
Vested, Shares	(642,119)
Forfeited, Shares		(102,424)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value		$ 29.89
Unvested Performance Vesting and Time Vesting Restricted Stock Units End of Period	1,207,442	1,213,896
Weighted Average Fair Value, Unvested Restricted Stock Units, Beginning of Period	$ 33.53
Weighted Average Fair Value, Granted	26.92
Weighted Average Fair Value, Vested	32.62
Weighted Average Fair Value, Unvested Restricted Stock Units, End of Period	$ 30.26	$ 33.53

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
International Plans [Member]
Stock-Based Compensation (Textual) [Abstract]
Rate of Future Salary Increase	1.80%	1.50%	1.50%
Minimum [Member] \| International Plans [Member]
Stock-Based Compensation (Textual) [Abstract]
Rate of Future Salary Increase	300%
Stock Option [Member]
Stock-Based Compensation (Textual) [Abstract]
Tax benefits resulting from stock-based compensation deductions in excess of amounts reported for financial reporting purposes	$ 0.8	$ (0.2)	$ 0.7
Cash received from the exercise of capital stock option	0	0.2	6.6
Share-based Payment Arrangement, Exercise of Option, Tax Benefit	0		0.6
Total Intrinsic value of options exercised	0	0.1	2.4
Share-Based Payment Arrangement, Expense, Tax Benefit	(0.8)	0.2	(0.7)
Restricted Stock Units - Time Vesting Performance Vesting [Member]
Stock-Based Compensation (Textual) [Abstract]
Compensation expense related to stock option	23.3	$ 20.1	$ 23.9
Unrecognized compensation cost	$ 24.6
Unrecognized compensation costs, weighted average period	1 year 8 months 12 days
Performance Shares [Member]
Stock-Based Compensation (Textual) [Abstract]
Performance metric adjustments, net	(52,111)

Environmental Matters (Details)

Environmental Matters (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Environmental Remediation Obligations [Abstract]
Accrual for Potential Environmental Loss Contingencies	$ 12,000	$ 12,500
Accrued Environmental Loss Contingencies, Current	1,658	7,938
Environmental Exit Cost [Line Items]
Accrued Environmental Loss Contingencies, Current	$ 1,658	$ 7,938

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	12 Months Ended
Commitments and Contingencies (Details) $ in Millions	Jun. 30, 2023 USD ($)
Litigation Settlement [Abstract]
Litigation Settlement, Expense	$ 3

Segment Data (Details)

Segment Data (Details) $ in Thousands	12 Months Ended
Segment Data (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Segment Reporting Information [Line Items]
Property, Plant and Equipment, Net	$ 969,068	$ 1,002,041
Sales	2,078,184	2,012,456	$ 1,841,441
Total operating income	192,417	218,140	102,168
Interest expense	28,496	25,914	46,375
Other expense (income), net	4,300	(14,507)	(8,867)
Income before income taxes	159,621	206,733	64,660
Depreciation and Amortization	134,025	131,678	126,488
Assets	2,547,234	2,573,524	2,665,761
Capital Expenditures	$ 94,385	96,924	127,302
Sales To a Single Customer Did Not Aggretage More Than	0.05
Industrial [Member]
Segment Reporting Information [Line Items]
Sales	$ 1,269,765	1,227,273	1,150,746
Total operating income	135,763	121,386	45,855
Depreciation and Amortization	90,880	87,986	81,796
Assets	1,460,757	1,469,835	1,532,177
Capital Expenditures	58,384	64,055	103,812
Infrastructure [Member]
Segment Reporting Information [Line Items]
Sales	808,419	785,183	690,695
Total operating income	59,757	98,871	59,461
Depreciation and Amortization	43,144	43,691	44,661
Assets	734,944	768,226	698,766
Capital Expenditures	36,001	32,869	23,490
Corporate [Member]
Segment Reporting Information [Line Items]
Total operating income	(3,103)	(2,117)	(3,148)
Depreciation and Amortization	1	1	31
Assets	$ 351,533	$ 335,463	$ 434,818

Segment Data - Geographic Sales

Segment Data - Geographic Sales Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
External Sales and Long-Lived Assets [Line Items]
Sales from Other country did not exceed	2%
Property, Plant and Equipment, Net	$ 969,068	$ 1,002,041
External Sales [Abstract]
Sales	2,078,184	2,012,456	$ 1,841,441
Total Long-Lived Assets [Abstract]
Long-Lived Assets	$ 969,068	$ 1,002,041	$ 1,055,135
Americas [Member]
External Sales and Long-Lived Assets [Line Items]
Revenues, percent	50%	48%	45%
UNITED STATES
External Sales [Abstract]
Sales	$ 848,713	$ 797,768	$ 692,106
Total Long-Lived Assets [Abstract]
Long-Lived Assets	552,770	585,003	611,724
GERMANY
External Sales [Abstract]
Sales	270,936	262,764	260,792
Total Long-Lived Assets [Abstract]
Long-Lived Assets	204,551	195,325	218,250
CHINA
External Sales [Abstract]
Sales	220,193	234,997	242,815
Total Long-Lived Assets [Abstract]
Long-Lived Assets	81,731	92,315	97,404
INDIA
External Sales [Abstract]
Sales	112,819	108,695	94,966
Total Long-Lived Assets [Abstract]
Long-Lived Assets	44,748	45,146	19,144
ITALY
External Sales [Abstract]
Sales	68,249	67,930	59,955
CANADA
External Sales [Abstract]
Sales	103,323	94,956	79,891
Total Long-Lived Assets [Abstract]
Long-Lived Assets	18,934	18,478	21,790
FRANCE
External Sales [Abstract]
Sales	51,178	47,218	45,356
UNITED KINGDOM
External Sales [Abstract]
Sales	29,943	30,686	28,464
ISRAEL
Total Long-Lived Assets [Abstract]
Long-Lived Assets	24,662	26,864	44,504
Other
External Sales [Abstract]
Sales	223,678	234,038	219,519
Total Long-Lived Assets [Abstract]
Long-Lived Assets	$ 41,672	$ 38,910	$ 42,319
EMEA [Member]
External Sales and Long-Lived Assets [Line Items]
Revenues, percent	29%	30%	31%
Asia Pacific [Member]
External Sales and Long-Lived Assets [Line Items]
Revenues, percent	21%	22%	24%
SOUTH AFRICA
External Sales [Abstract]
Sales	$ 42,775	$ 42,402	$ 36,079
BRAZIL
External Sales [Abstract]
Sales	32,946	26,147	21,292
SPAIN
External Sales [Abstract]
Sales	31,064	29,756	30,577
MEXICO
External Sales [Abstract]
Sales	42,367	35,099	29,629
Metal Cutting [Member]
External Sales [Abstract]
Sales	$ 1,269,765	$ 1,227,273	$ 1,150,746
Metal Cutting [Member] \| Americas [Member]
External Sales and Long-Lived Assets [Line Items]
Revenues, percent	44%	41%	38%
Metal Cutting [Member] \| EMEA [Member]
External Sales and Long-Lived Assets [Line Items]
Revenues, percent	36%	37%	39%
Metal Cutting [Member] \| Asia Pacific [Member]
External Sales and Long-Lived Assets [Line Items]
Revenues, percent	20%	22%	23%
Infrastructure [Member]
External Sales [Abstract]
Sales	$ 808,419	$ 785,183	$ 690,695
Infrastructure [Member] \| Americas [Member]
External Sales and Long-Lived Assets [Line Items]
Revenues, percent	60%	59%	57%
Infrastructure [Member] \| EMEA [Member]
External Sales and Long-Lived Assets [Line Items]
Revenues, percent	18%	18%	19%
Infrastructure [Member] \| Asia Pacific [Member]
External Sales and Long-Lived Assets [Line Items]
Revenues, percent	22%	23%	24%

Segment Data Segment Data - Sal

Segment Data Segment Data - Sales by End Market (Details)	12 Months Ended
Segment Data Segment Data - Sales by End Market (Details)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
General Engineering [Member]
Revenue from External Customer [Line Items]
Revenues, percent	47%	47%	46%
Transportation [Member]
Revenue from External Customer [Line Items]
Revenues, percent	16%	17%	19%
Energy [Member]
Revenue from External Customer [Line Items]
Revenues, percent	14%	13%	12%
Earthworks [Member]
Revenue from External Customer [Line Items]
Revenues, percent	14%	14%	14%
Aerospace and defense [Member]
Revenue from External Customer [Line Items]
Revenues, percent	9%	9%	9%
Metal Cutting [Member] \| General Engineering [Member]
Revenue from External Customer [Line Items]
Revenues, percent	55%	55%	53%
Metal Cutting [Member] \| Transportation [Member]
Revenue from External Customer [Line Items]
Revenues, percent	27%	27%	30%
Metal Cutting [Member] \| Energy [Member]
Revenue from External Customer [Line Items]
Revenues, percent	7%	8%	8%
Metal Cutting [Member] \| Aerospace and defense [Member]
Revenue from External Customer [Line Items]
Revenues, percent	11%	10%	9%
Infrastructure [Member] \| General Engineering [Member]
Revenue from External Customer [Line Items]
Revenues, percent	34%	34%	34%
Infrastructure [Member] \| Energy [Member]
Revenue from External Customer [Line Items]
Revenues, percent	24%	22%	18%
Infrastructure [Member] \| Earthworks [Member]
Revenue from External Customer [Line Items]
Revenues, percent	36%	37%	39%
Infrastructure [Member] \| Aerospace and defense [Member]
Revenue from External Customer [Line Items]
Revenues, percent	6%	7%	9%

Segment Data - Narrative (Detai

Segment Data - Narrative (Details)	12 Months Ended
Segment Data - Narrative (Details)	Jun. 30, 2023 Segment
Segment Reporting [Abstract]
Operations in Number of Global Reporting Segments	2

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Quarterly Financial Data [Abstract]
Sales	$ 2,078,184	$ 2,012,456	$ 1,841,441
Gross profit	646,439	647,977	552,478
Net income attributable to Kennametal	$ 118,459	$ 144,623	$ 54,434
Basic earnings per share attributable to Kennametal	$ 1.47	$ 1.74	$ 0.65
Diluted earnings per share attributable to Kennametal	$ 1.46	$ 1.72	$ 0.65

Schedule II Valuation and Qua_2

Schedule II Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	$ 9,422	$ 9,734	$ 9,430
Charges to Costs and Expenses	495	1,242	2,602
Recoveries	516	(163)	(635)
Other Adjustments	(122)	(321)	400
Deductions from Reserves	(520)	(1,396)	(3,333)
Balance at End of Year	8,759	9,422	9,734
Deferred Tax Asset Valuation Allowance [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	14,385	21,263	16,654
Charges to Costs and Expenses	0	371	4,115
Recoveries	(3,760)	4,459	0
Other Adjustments	(75)	42	494
Deductions from Reserves	(2,269)	(2,832)	0
Balance at End of Year	$ 8,281	$ 14,385	$ 21,263