Document and Entity Information
| Document and Entity Information - shares | 3 Months Ended | |
| Mar. 29, 2019 | May 03, 2019 | |
| Entity Information [Line Items] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Mar. 29, 2019 | |
| Document Fiscal Year Focus | 2019 | |
| Document Fiscal Period Focus | Q1 | |
| Trading Symbol | TRMB | |
| Entity Registrant Name | TRIMBLE INC. | |
| Entity Central Index Key | 0000864749 | |
| Current Fiscal Year End Date | --01-03 | |
| Entity Filer Category | Large Accelerated Filer | |
| Entity Small Business | false | |
| Entity Emerging Growth Company | false | |
| Entity Common Stock, Shares Outstanding | 251,625,057 |
Condensed Consolidated Balance
| Condensed Consolidated Balance Sheets - USD ($) $ in Millions | Mar. 29, 2019 | Dec. 28, 2018 |
| Current assets: | ||
| Cash and cash equivalents | $ 216.7 | $ 172.5 |
| Accounts receivable, net | 525.2 | 512.6 |
| Other receivables | 23.8 | 33.2 |
| Inventories | 303.7 | 298 |
| Other current assets | 78.4 | 72.8 |
| Total current assets | 1,147.8 | 1,089.1 |
| Property and equipment, net | 212.8 | 212.9 |
| Operating lease right-of-use assets | 121.1 | |
| Goodwill | 3,540.8 | 3,540 |
| Other purchased intangible assets, net | 697.5 | 744.3 |
| Deferred costs, non-current | 41.3 | 41.3 |
| Other non-current assets | 158.8 | 148.8 |
| Total assets | 5,920.1 | 5,776.4 |
| Current liabilities: | ||
| Short-term debt | 246.8 | 256.2 |
| Accounts payable | 147.6 | 147.6 |
| Accrued compensation and benefits | 112.1 | 169.2 |
| Deferred revenue | 422.9 | 348.4 |
| Accrued warranty expense | 14.1 | 15.3 |
| Other current liabilities | 146.5 | 118.5 |
| Total current liabilities | 1,090 | 1,055.2 |
| Long-term debt | 1,647.8 | 1,712.3 |
| Deferred revenue, non-current | 41.5 | 38.8 |
| Deferred income tax liabilities | 74.7 | 73.8 |
| Income taxes payable | 75.3 | 71.3 |
| Operating lease liabilities | 95.1 | |
| Other non-current liabilities | 152.7 | 150.2 |
| Total liabilities | 3,177.1 | 3,101.6 |
| Commitments and contingencies (Note 15) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value; 3.0 shares authorized; none issued and outstanding | 0 | 0 |
| Common stock, $0.001 par value; 360.0 shares authorized; 251.5 and 250.9 shares issued and outstanding as of the end of the first quarter of fiscal 2019 and fiscal year end 2018, respectively | 0.3 | 0.3 |
| Additional paid-in-capital | 1,634.5 | 1,591.9 |
| Retained earnings | 1,289.4 | 1,268.3 |
| Accumulated other comprehensive loss | (182.5) | (186.1) |
| Total Trimble Inc. stockholders' equity | 2,741.7 | 2,674.4 |
| Noncontrolling interests | 1.3 | 0.4 |
| Total stockholders' equity | 2,743 | 2,674.8 |
| Total liabilities and stockholders' equity | $ 5,920.1 | $ 5,776.4 |
Condensed Consolidated Balanc_2
| Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions | Mar. 29, 2019 | Dec. 28, 2018 |
| Preferred Stock, par value per share | $ 0.001 | $ 0.001 |
| Preferred stock, shares authorized | 3 | 3 |
| Preferred Stock, Shares Issued | 0 | 0 |
| Preferred stock, shares outstanding | 0 | 0 |
| Common stock, par value per share | $ 0.001 | $ 0.001 |
| Common stock, shares authorized | 360 | 360 |
| Common stock, shares issued | 251.5 | 250.9 |
| Common stock, shares outstanding | 251.5 | 250.9 |
Condensed Consolidated Statemen
| Condensed Consolidated Statements Of Income - USD ($) shares in Millions, $ in Millions | 3 Months Ended | |
| Mar. 29, 2019 | Mar. 30, 2018 | |
| Revenue: | ||
| Revenue | $ 801.6 | $ 742.2 |
| Cost of sales: | ||
| Amortization of purchased intangible assets | 24.2 | 23.1 |
| Cost of Sales | 363.3 | 346 |
| Gross Profit | 438.3 | 396.2 |
| Operating expense: | ||
| Research and development | 118.2 | 109.3 |
| Sales and marketing | 127.4 | 122.1 |
| General and administrative | 82.8 | 81.6 |
| Restructuring charges | 3.5 | 1.6 |
| Amortization of purchased intangible assets | 20.1 | 17.4 |
| Total operating expense | 352 | 332 |
| Operating income | 86.3 | 64.2 |
| Non-operating income (expense), net: | ||
| Interest expense, net | (21.9) | (9.5) |
| Foreign currency transaction gain (loss), net | (0.9) | 3.7 |
| Income from equity method investments, net | 8.8 | 4.9 |
| Other income, net | 2.9 | 3.4 |
| Total non-operating income (expense), net | (11.1) | 2.5 |
| Income before taxes | 75.2 | 66.7 |
| Income tax provision | 12.8 | 8 |
| Net income | 62.4 | 58.7 |
| Net gain attributable to noncontrolling interests | 0.1 | 0.2 |
| Net income attributable to Trimble Inc. | $ 62.3 | $ 58.5 |
| Basic earnings per share | $ 0.25 | $ 0.24 |
| Shares used in calculating basic earnings per share | 251.5 | 248.8 |
| Diluted earnings per share | $ 0.25 | $ 0.23 |
| Shares used in calculating diluted earnings per share | 254 | 253.2 |
| Product [Member] | ||
| Revenue: | ||
| Revenue | $ 488.4 | $ 497.8 |
| Cost of sales: | ||
| Cost of Sales | 230.7 | 235.4 |
| Service [Member] | ||
| Revenue: | ||
| Revenue | 159.2 | 128.8 |
| Cost of sales: | ||
| Cost of Sales | 64 | 59.6 |
| Subscription Arrangement [Member] | ||
| Revenue: | ||
| Revenue | 154 | 115.6 |
| Cost of sales: | ||
| Cost of Sales | $ 44.4 | $ 27.9 |
Condensed Consolidated Statem_2
| Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Millions | 3 Months Ended | |
| Mar. 29, 2019 | Mar. 30, 2018 | |
| Net income | $ 62.4 | $ 58.7 |
| Foreign currency translation adjustments, net of tax | 3.4 | 30.3 |
| Net unrealized gain, net of tax | 0.2 | 0 |
| Comprehensive income | 66 | 89 |
| Comprehensive gain attributable to noncontrolling interests | 0.1 | 0.2 |
| Comprehensive income attributable to Trimble Inc. | $ 65.9 | $ 88.8 |
Condensed Consolidated Statem_3
| Condensed Consolidated Statements of Stockholders' Equity Statement - USD ($) shares in Millions, $ in Millions | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Parent [Member] | Noncontrolling Interest [Member] |
| Common stock, shares outstanding | 248.9 | ||||||
| Total stockholders' equity at Dec. 29, 2017 | $ 2,414.5 | $ 0.2 | $ 1,461.1 | $ 1,084.6 | $ (131.4) | $ 2,414.5 | $ 0 |
| Net income attributable to Trimble Inc. | 58.5 | 58.5 | |||||
| Net gain attributable to noncontrolling interests | 0.2 | ||||||
| Net income | 58.7 | ||||||
| Other Comprehensive Income | 30.3 | 30.3 | 30.3 | ||||
| Comprehensive Income attributable to Parent | 88.8 | ||||||
| Comprehensive income | 89 | ||||||
| Issuance of common stock under employee plans, net of tax withholdings, Shares | 1.1 | ||||||
| Issuance of common stock under employee plans, net of tax withholdings, Value | 28.8 | 25.8 | 28.8 | ||||
| Adjustments Related to Tax Withholding for Share-based Compensation | 3 | ||||||
| Stock Repurchases, Shares | (1.3) | ||||||
| Stock Repurchases, Value | (50) | (7.5) | (42.5) | (50) | |||
| Stock-based Compensation | 17.6 | 17.6 | 17.6 | ||||
| Total stockholders' equity at Mar. 30, 2018 | $ 2,499.9 | $ 0.2 | 1,497 | 1,103.6 | (101.1) | 2,499.7 | 0.2 |
| Common stock, shares outstanding | 248.7 | ||||||
| Common stock, shares outstanding | 250.9 | 250.9 | |||||
| Total stockholders' equity at Dec. 28, 2018 | $ 2,674.8 | $ 0.3 | 1,591.9 | 1,268.3 | (186.1) | 2,674.4 | 0.4 |
| Net income attributable to Trimble Inc. | 62.3 | 62.3 | 62.3 | ||||
| Net gain attributable to noncontrolling interests | 0.1 | ||||||
| Net income | 62.4 | ||||||
| Other Comprehensive Income | 3.6 | 3.6 | 3.6 | ||||
| Comprehensive Income attributable to Parent | 65.9 | ||||||
| Comprehensive income | 66 | ||||||
| Issuance of common stock under employee plans, net of tax withholdings, Shares | 1.6 | ||||||
| Issuance of common stock under employee plans, net of tax withholdings, Value | 25.6 | 33.3 | 25.6 | ||||
| Adjustments Related to Tax Withholding for Share-based Compensation | (7.7) | ||||||
| Stock Repurchases, Shares | (1) | ||||||
| Stock Repurchases, Value | (40) | (6.5) | (33.5) | (40) | |||
| Stock-based Compensation | 16.6 | 16.6 | 16.6 | ||||
| Noncontrolling Interest Investments | 0 | (0.8) | (0.8) | 0.8 | |||
| Total stockholders' equity at Mar. 29, 2019 | $ 2,743 | $ 0.3 | $ 1,634.5 | $ 1,289.4 | $ (182.5) | $ 2,741.7 | $ 1.3 |
| Common stock, shares outstanding | 251.5 | 251.5 |
Condensed Consolidated Statem_4
| Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions | 3 Months Ended | |
| Mar. 29, 2019 | Mar. 30, 2018 | |
| Cash flow from operating activities: | ||
| Net income | $ 62.4 | $ 58.7 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation expense | 10.2 | 8.5 |
| Amortization expense | 44.3 | 40.5 |
| Deferred income taxes | 1.1 | (10.8) |
| Stock-based compensation | 16.3 | 17.4 |
| Income from equity method investments | (4.8) | (0.1) |
| Other non-cash items | 1.8 | (11.1) |
| (Increase) decrease in assets: | ||
| Accounts receivable, net | (13.8) | (29.4) |
| Inventories | (6.8) | (21.7) |
| Other current and non-current assets | 6.1 | (1.1) |
| Increase (decrease) in liabilities: | ||
| Accounts payable | 3.4 | 11.1 |
| Accrued compensation and benefits | (57) | (41.6) |
| Deferred revenue | 77.1 | 69.6 |
| Other current and non-current liabilities | 7.3 | (7.1) |
| Net cash provided by operating activities | 147.6 | 82.9 |
| Cash flow from investing activities: | ||
| Acquisitions of businesses, net of cash acquired | (518.7) | |
| Proceeds from Previous Acquisition | 4.9 | |
| Acquisitions of property and equipment | (14.5) | (18.2) |
| Purchases of short-term investments | 0 | (24) |
| Proceeds from maturities of short-term investments | 0 | 6.2 |
| Proceeds from sales of short-term investments | 0 | 196.8 |
| Other | 0 | 4.4 |
| Net cash used in investing activities | (9.6) | (353.5) |
| Cash flow from financing activities: | ||
| Issuance of common stock, net of tax withholdings | 25.6 | 25.3 |
| Repurchases of common stock | (40) | (53) |
| Proceeds from debt and revolving credit lines | 266.9 | 591 |
| Payments on debt and revolving credit lines | (339.7) | (383) |
| Other | (7.1) | 0 |
| Net cash provided by (used in) financing activities | (94.3) | 180.3 |
| Effect of exchange rate changes on cash and cash equivalents | 0.5 | 6.3 |
| Net increase (decrease) in cash and cash equivalents | 44.2 | (84) |
| Cash and cash equivalents - beginning of period | 172.5 | 358.5 |
| Cash and cash equivalents - end of period | $ 216.7 | $ 274.5 |
Overview And Basis Of Presentat
| Overview And Basis Of Presentation | 3 Months Ended |
| Mar. 29, 2019 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Overview And Basis Of Presentation | OVERVIEW AND BASIS OF PRESENTATION Company and Background The Company began operations in 1978 and was originally incorporated in California as Trimble Navigation Limited in 1981. On October 1, 2016, Trimble Navigation Limited changed its name to Trimble Inc. ("Trimble" or the "Company") and changed its state of incorporation from the State of California to the State of Delaware. Other than the change in corporate domicile, the reincorporation did not result in any change in the business, physical location, management, assets, liabilities, or total stockholders' equity of the Company, nor did it result in any change in location of the Company's employees, including the Company's management. Basis of Presentation The Company has a 52-53 week fiscal year, ending on the Friday nearest to December 31, which for fiscal 2019 is January 3, 2020 and for fiscal 2018 was December 28, 2018. The first quarter of fiscal 2019 and 2018 ended on March 29, 2019 and March 30, 2018, respectively. Fiscal 2019 is 53-week year and 2018 is 52-week year. Unless otherwise stated, all dates refer to the Company’s fiscal year and fiscal periods. The Condensed Consolidated Financial Statements include the results of the Company and its consolidated subsidiaries. Inter-company accounts and transactions have been eliminated. Noncontrolling interests represent the noncontrolling stockholders’ proportionate share of the net assets and results of operations of the Company’s consolidated subsidiaries. The unaudited interim Condensed Consolidated Financial Statements and accompanying notes are prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). In the opinion of management, the unaudited interim Condensed Consolidated Financial Statements reflect all adjustments of a normal recurring nature that are necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of results for the full year. The information included in this Form 10-Q should be read in conjunction with information included in Trimble's Form 10-K filed with the U.S. Securities and Exchange Commission on February 21, 2019. Use of Estimates The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in its Condensed Consolidated Financial Statements and accompanying notes. Estimates and assumptions are used for revenue recognition, including determining the nature and timing of satisfaction of performance obligations and determining standalone selling price of performance obligations, allowances for doubtful accounts, sales returns reserve, allowances for inventory valuation, warranty costs, investments, goodwill impairment, intangibles impairment, purchased intangibles, useful lives for tangible and intangible assets, stock-based compensation, and income taxes among others. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Actual results and outcomes may differ from management's estimates and assumptions. |
Updates to Significant Accounti
| Updates to Significant Accounting Policies | 3 Months Ended |
| Mar. 29, 2019 | |
| Accounting Policies [Abstract] | |
| Updates To Significant Accounting Policies | UPDATES TO SIGNIFICANT ACCOUNTING POLICIES Summary of Significant Accounting Policies There have been no material changes to the Company’s significant accounting polices during the first quarter of fiscal 2019 from those disclosed in the Company’s most recent Form 10-K, except for the following changes to our accounting policies as a result of adopting the new lease standard as discussed below: Recently Adopted Accounting Pronouncements Leases In February 2016, the FASB issued a new lease standard that requires a lessee to recognize lease assets and lease liabilities on the balance sheet for most leases and provide enhanced disclosures. The Company adopted the new standard at the beginning of fiscal year 2019 by applying a modified retrospective method without restating comparative periods. Upon adoption, certain practical expedients were used to carry forward existing leases as previously defined and classified. Leases containing both lease and non-lease components are accounted for as part of the overall lease arrangement. Operating leases with lease terms greater than one year are included in Operating lease right-of-use (“ROU”) assets, Other current liabilities, and Operating lease liabilities on the Company's Condensed Consolidated Balance Sheets. Those ROU assets and liabilities are recognized at the present value of lease payments over the lease terms by utilizing the Company’s incremental borrowing rate. The standard had a material impact on the Company’s Condensed Consolidated Balance Sheets but did not have an impact on its Condensed Consolidated Income Statements or Statement of Cash Flows. The most significant impact was the recognition of $123.5 million ROU assets and $126.1 million lease liabilities for its operating leases at the adoption date. Recently issued Accounting Pronouncements not yet adopted Financial Instruments - Credit Losses In June 2016, the FASB issued new guidance that requires credit losses on financial assets measured at amortized cost basis to be presented based on the net amount expected to be collected, not based on incurred losses. Further, credit losses on available-for-sale debt securities should be recorded through an allowance for credit losses limited to the amount by which fair value is below amortized cost. The new standard is effective for the Company beginning in fiscal 2020. Early adoption for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 is permitted. The Company is currently evaluating the effect of the updated standard on its Condensed Consolidated Financial Statements. Intangibles - Goodwill and Other In January 2017, the FASB issued new guidance that simplifies the accounting for goodwill impairment by requiring impairment charges to be based on the first step in the current two-step impairment test. The impairment test is performed by comparing the fair value of a reporting unit with its carrying amount, and an impairment charge would be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. The new standard is applied on a prospective basis and is effective for the Company beginning in fiscal 2020, and early adoption is permitted. The Company currently anticipates that the adoption will not have a material impact on its Condensed Consolidated Financial Statements. Intangibles - Internal-Use Software In August 2018, the FASB issued new guidance that clarifies the accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. This guidance aligns the accounting for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the accounting for implementation costs incurred to develop or obtain internal-use software. The Company is required to adopt the guidance in the first quarter of fiscal year 2020. Early adoption is permitted. The Company is currently evaluating the effect of the new guidance on its Condensed Consolidated Financial Statements. |
Shareholders' Equity
| Shareholders' Equity | 3 Months Ended |
| Mar. 29, 2019 | |
| Equity [Abstract] | |
| SHAREHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Stock Repurchase Activities In November 2017, the Company’s Board of Directors approved a stock repurchase program ("2017 Stock Repurchase Program"), authorizing the Company to repurchase up to $600.0 million of Trimble’s common stock. Under the share repurchase program, the Company may repurchase shares from time to time in open market transactions, privately negotiated transactions, accelerated share buyback programs, tender offers, or by other means. The timing and amount of repurchase transactions will be determined by the Company’s management based on its evaluation of market conditions, share price, legal requirements, and other factors. The program may be suspended, modified, or discontinued at any time without prior notice. During the first quarter of fiscal 2019 , the Company repurchased approximately 1.0 million shares of common stock in open market purchases, at an average price of $39.59 per share, for a total of $40.0 million under the 2017 Stock Repurchase Program. Stock repurchases are reflected as a decrease to common stock based on par value and additional-paid-in-capital based on the average book value per share for all outstanding shares, calculated at the time of each individual repurchase transaction. The excess of the purchase price over this average for each repurchase is charged to retained earnings. As a result of the repurchases, retained earnings was reduced by $33.5 million in the first quarter of fiscal 2019 . Common stock repurchases under the program were recorded based upon the trade date for accounting purposes. At the end of the first quarter of fiscal 2019 , the 2017 Stock Repurchase Program had remaining authorized funds of $312.2 million . |
Business Combinations
| Business Combinations | 3 Months Ended |
| Mar. 29, 2019 | |
| Business Combinations [Abstract] | |
| BUSINESS COMBINATIONS | BUSINESS COMBINATIONS The Company determined the total consideration paid for each of its acquisitions as well as the fair value of the assets acquired and liabilities assumed as of the date of acquisition. The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill. The fair value of intangible assets acquired is generally determined based on a discounted cash flow analysis. The preliminary fair values of net tangible assets and intangible assets acquired were based on preliminary valuations and estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). The primary areas that remain preliminary relate to the fair values of intangible assets acquired, certain tangible assets and liabilities acquired, income and non-income based taxes, and residual goodwill. The Company expects to continue to obtain information to assist in determining the fair values of the net assets acquired during the measurement period. Intangible Assets The following table presents details of the Company’s total intangible assets: As of First Quarter of Fiscal 2019 Fiscal Year End 2018 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying (In millions) Amount Amortization Amount Amount Amortization Amount Developed product technology $ 1,222.0 $ (850.7 ) $ 371.3 $ 1,220.3 $ (825.3 ) $ 395.0 Trade names and trademarks 72.9 (54.7 ) 18.2 72.9 (53.3 ) 19.6 Customer relationships 715.6 (422.7 ) 292.9 715.1 (406.5 ) 308.6 Distribution rights and other intellectual property 78.4 (63.3 ) 15.1 84.4 (63.3 ) 21.1 $ 2,088.9 $ (1,391.4 ) $ 697.5 $ 2,092.7 $ (1,348.4 ) $ 744.3 The estimated future amortization expense of purchased intangible assets as of the end of the first quarter of fiscal 2019 was as follows: (In millions) 2019 (Remaining) $ 121.0 2020 139.7 2021 118.3 2022 99.2 2023 85.6 Thereafter 133.7 Total $ 697.5 Goodwill The changes in the carrying amount of goodwill by segment for the first quarter of fiscal 2019 were as follows: Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) Balance as of fiscal year end 2018 $ 1,970.2 $ 403.1 $ 305.7 $ 861.0 $ 3,540.0 Purchase price adjustments- prior years' acquisitions (0.3 ) — — (0.4 ) (0.7 ) Foreign currency translation adjustments 3.4 (1.6 ) (0.5 ) 0.2 1.5 Balance as of the end of the first quarter of fiscal 2019 $ 1,973.3 $ 401.5 $ 305.2 $ 860.8 $ 3,540.8 Viewpoint and e-Builder acquisitions On July 2, 2018, the Company acquired all of the outstanding shares of Viewpoint in an all-cash transaction valued at $1,211.3 million . Viewpoint is a provider of construction management software, which integrates a contractor’s financial and resource management to their project operations in the field. The integration across the office, team, and field workflows enables contractors to employ Viewpoint to effectively manage and gain visibility over data and workflows that span the construction lifecycle from pre-production planning, to product operations and supply chain management, through project hand over, and asset operation and maintenance. On February 2, 2018, the Company completed the acquisition of e-Builder in an all-cash transaction valued at $485.5 million . e-Builder is a SaaS-based construction program management solution for capital program owners and program management firms that provides an integrated project delivery solution for owners, program managers, and contractors across the design, construct, and operate lifecycle. Viewpoint and e-Builder’s results of operations have been included in the Company’s Condensed Consolidated Statements of Income since their respective acquisition dates and for the first quarter of fiscal 2019. Both Viewpoint and e-Builder's performance are reported under the Buildings and Infrastructure segment. The two acquisitions were funded through the use of approximately $211.2 million of the Company’s existing cash, with the remainder funded through the issuance of senior notes and the Company’s 2018 Credit Facilities (as defined in Note 7). The following table summarizes the consideration transferred to acquire Viewpoint and e-Builder, the assets acquired, and liabilities assumed, and the estimated useful lives of the identifiable intangible assets as of the dates of the acquisitions: (In millions) Viewpoint e-Builder Total purchase consideration $ 1,211.3 $ 485.5 Net tangible assets acquired (0.4 ) 2.0 Intangible assets acquired: Estimated Useful Life Estimated Useful Life Developed product technology 225.4 6 years 60.5 7 years In-Process Research & Development 12.9 n/a — Order backlog — 1.7 6 months Customer relationships 158.6 10 years 42.4 10 years Trade name 8.9 5 years 4.8 7 years Favorable Lease 4.3 4 - 9 years — Subtotal 410.1 109.4 Deferred tax liability (61.2 ) (18.2 ) Less fair value of all assets/liabilities acquired 348.5 93.2 Goodwill $ 862.8 $ 392.3 $52.6 million Goodwill consisted of highly skilled and valuable assembled workforce, a proven ability to generate new products and services to drive future revenue, and a premium paid by the Company for synergies unique to its business. As of the first quarter of fiscal 2019, goodwill of $95.8 million for Viewpoint is expected to be deductible for tax purposes. The following table presents supplemental pro forma results of operations of the Company, Viewpoint, and e-Builder, as if the companies had been combined as of the beginning of the earliest period presented. The unaudited pro forma results of operations are not necessarily indicative of results that would have occurred had the acquisitions taken place on the first day of fiscal 2018, or of future results. Included in the pro forma results are fair value adjustments based on the fair values of assets acquired and liabilities assumed as of the applicable acquisition dates. For the first quarter of fiscal 2018, the major impacts for the pro forma results include amortization of intangible assets related to the acquisitions, impacts from adoption of Revenue from Contracts with Customers, interest expense for debt used to purchase Viewpoint and e-Builder, income tax effects, and other adjustments to reflect fair value. The pro forma information for the first quarter of fiscal 2018 is as follows: First Quarter of Fiscal Period 2018 (in millions, except per share data) Revenue $ 793.8 Net income attributable to Trimble Inc. 57.7 Basic earnings per share 0.23 Diluted earnings per share 0.23 |
Inventories
| Inventories | 3 Months Ended |
| Mar. 29, 2019 | |
| Inventory, Net [Abstract] | |
| INVENTORIES | INVENTORIES Inventories consisted of the following: First Quarter of Fiscal Year End As of 2019 2018 (In millions) Raw materials $ 104.3 $ 96.2 Work-in-process 12.6 12.6 Finished goods 186.8 189.2 Total inventories $ 303.7 $ 298.0 |
Segment Information
| Segment Information | 3 Months Ended |
| Mar. 29, 2019 | |
| Text Block [Abstract] | |
| SEGMENT INFORMATION | SEGMENT INFORMATION The Company's operating segments were determined based on how the Company's chief operating decision maker views and evaluates operations. The Company’s reportable segments are described below: • Buildings and Infrastructure: This segment primarily serves customers working in architecture, engineering, construction, and operations and maintenance. • Geospatial: This segment primarily serves customers working in surveying, engineering, government, and land management. • Resources and Utilities: This segment primarily serves customers working in agriculture, forestry, and utilities. • Transportation: This segment primarily serves customers working in long haul trucking, field service management, rail, and military aviation. The following Reporting Segment tables reflect the results of the Company’s reportable operating segments under its management reporting system. These results are not necessarily in conformity with U.S. GAAP. The Company presents segment revenue and income excluding the effects of certain acquired deferred revenue that was written down to fair value in purchase accounting. Segment income presented also excludes the effects of certain acquired capitalized commissions that were eliminated in purchase accounting, along with other adjustments that have historically been excluded in prior periods, as though the acquired companies operated independently in the periods presented. This is consistent with the way the chief operating decision maker evaluates each of the segment's performance and allocates resources. Comparative period financial information by reportable segment has been recast to conform with the current presentation. Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) First Quarter of Fiscal 2019 Revenue $ 292.0 $ 161.2 $ 159.3 $ 189.1 $ 801.6 Acquired deferred revenue adjustment 2.7 — 0.2 — 2.9 Segment revenue $ 294.7 $ 161.2 $ 159.5 $ 189.1 $ 804.5 Operating income $ 61.4 $ 29.4 $ 51.0 $ 31.2 $ 173.0 Acquired deferred revenue adjustment 2.7 — 0.2 — 2.9 Amortization of acquired capitalized commissions (1.6 ) — (0.1 ) — (1.7 ) Segment operating income $ 62.5 $ 29.4 $ 51.1 $ 31.2 $ 174.2 Depreciation expense $ 2.1 $ 1.6 $ 1.1 $ 1.1 $ 5.9 First Quarter of Fiscal 2018 Revenue $ 224.7 $ 174.5 $ 159.2 $ 183.8 $ 742.2 Acquired deferred revenue adjustment 2.5 — 0.3 0.1 2.9 Segment revenue $ 227.2 $ 174.5 $ 159.5 $ 183.9 $ 745.1 Operating income $ 43.5 $ 37.3 $ 51.7 $ 30.4 $ 162.9 Acquired deferred revenue adjustment 2.5 — 0.3 0.1 2.9 Amortization of acquired capitalized commissions (0.4 ) — (0.1 ) — (0.5 ) Segment operating income $ 45.6 $ 37.3 $ 51.9 $ 30.5 $ 165.3 Depreciation expense $ 1.4 $ 1.4 $ 1.0 $ 1.1 $ 4.9 Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) As of the First Quarter of Fiscal 2019 Accounts receivable, net $ 186.2 $ 111.3 $ 101.7 $ 126.0 $ 525.2 Inventories 64.7 136.7 43.9 58.4 303.7 Goodwill 1,973.3 401.5 305.2 860.8 3,540.8 As of Fiscal Year End 2018 Accounts receivable, net 177.5 118.7 83.8 132.6 512.6 Inventories 70.3 133.5 46.2 48.0 298.0 Goodwill $ 1,970.2 $ 403.1 $ 305.7 $ 861.0 $ 3,540.0 A reconciliation of the Company’s consolidated segment operating income to consolidated income before income taxes is as follows: First Quarter of 2019 2018 (In millions) Consolidated segment operating income $ 174.2 $ 165.3 Unallocated corporate expense (21.3 ) (23.4 ) Restructuring charges (3.7 ) (1.4 ) Acquired deferred revenue adjustment (2.9 ) (2.9 ) Amortization of purchased intangible assets (44.3 ) (40.5 ) Stock-based compensation (16.3 ) (17.4 ) Amortization of acquired capitalized commissions 1.7 0.5 Acquisition / divestiture items (1.1 ) (16.0 ) Consolidated operating income 86.3 64.2 Non-operating income (expense), net: (11.1 ) 2.5 Consolidated income before taxes $ 75.2 $ 66.7 On a total Company basis, the disaggregation of revenue by geography is summarized in the tables below. Revenue is defined as revenue from external customers attributed to countries based on the location of the customer and excludes the effects of certain acquired deferred revenue that was written down to fair value in purchase accounting, consistent with the Reporting Segment tables above. Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) First Quarter of Fiscal 2019 North America $ 165.6 $ 62.9 $ 41.9 $ 152.0 $ 422.4 Europe 83.9 54.7 88.9 21.1 248.6 Asia Pacific 38.5 31.7 12.7 10.5 93.4 Rest of World 6.7 11.9 16.0 5.5 40.1 Total consolidated revenue $ 294.7 $ 161.2 $ 159.5 $ 189.1 $ 804.5 First Quarter of Fiscal 2018 North America $ 115.9 $ 69.4 $ 48.4 $ 151.2 $ 384.9 Europe 75.6 49.6 80.2 21.4 226.8 Asia Pacific 29.2 43.3 11.2 10.8 94.5 Rest of World 6.5 12.2 19.7 0.5 38.9 Total consolidated revenue $ 227.2 $ 174.5 $ 159.5 $ 183.9 $ 745.1 |
Debt
| Debt | 3 Months Ended |
| Mar. 29, 2019 | |
| Text Block [Abstract] | |
| DEBT, COMMITMENTS AND CONTINGENCIES | DEBT Debt consisted of the following: As of First Quarter of Fiscal Year End Instrument Date of Issuance 2019 2018 (In millions) Effective Interest Rate Amount Amount Senior Notes: 2023 Senior Notes, 4.15%, due June 2023 June 2018 4.36% $ 300.0 $ 300.0 2028 Senior Notes, 4.90%, due June 2028 June 2018 5.04% 600.0 600.0 2024 Senior Notes, 4.75%, due December 2024 November 2014 4.95% 400.0 400.0 Credit Facilities: 2018 Credit Facility, floating rate: Term Loan, due May 2021 May 2018 3.98% 350.0 425.0 Revolving Credit Facility 4.19% 10.0 — Uncommitted facilities, floating rate 2.12% 246.7 255.9 Promissory notes and other debt 0.5 1.0 Unamortized discount and issuance costs (12.6 ) (13.4 ) Total debt 1,894.6 1,968.5 Less: Short-term debt 246.8 256.2 Long-term debt $ 1,647.8 $ 1,712.3 Each of the Company's debt agreements requires it to maintain compliance with certain debt covenants. The Company was in compliance with all its debt covenants at the end of the first quarter of fiscal 2019. Debt Maturities At the end of the first quarter of fiscal 2019, the Company's debt maturities based on outstanding principal were as follows (in millions): Year Payable 2019 (Remaining) $ 246.8 2020 0.3 2021 350.0 2022 — 2023 310.0 Thereafter 1,000.0 Total $ 1,907.1 Senior Notes All series of Senior Notes in the above table bear interest that is payable semi-annually in June and December of each year. For the 2023 and 2028 Senior Notes, the interest rate is subject to adjustment from time to time if Moody’s or S&P (or, if applicable, a substitute rating agency) downgrades (or subsequently upgrades) its rating assigned to the notes. Senior Notes are unsecured and rank equally in right of payment with all of the Company's other senior unsecured indebtedness. The Company may redeem the notes of each series of Senior Notes at its option in whole or in part at any time. Such indenture also contains covenants limiting the Company’s ability to create certain liens, enter into sale and lease-back transactions, and consolidate or merge with or into, or convey, transfer or lease all or substantially all of the Company’s properties and assets, each subject to certain exceptions. 2018 Credit facilities The Credit Facility in the above table provides for unsecured credit facilities in the aggregate principal amount of $1.75 billion , which is comprised of $1.25 billion revolving credit facility maturing May 2023 and $500.0 million delayed draw term loan facility that matures on the third anniversary of the funding date. The Company may request an additional loan facility up to $500.0 million . Uncommitted Facilities The Company has two $75.0 million and one €100.0 million revolving credit facilities, which are uncommitted (the "Uncommitted Facilities") at the end of the first quarter of fiscal 2019 . For further information, refer to Note 7 of the Notes to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for fiscal year 2018. |
Lease
| Lease | 3 Months Ended |
| Mar. 29, 2019 | |
| Leases [Abstract] | |
| Leases of Lessee Disclosure [Text Block] | LEASES The Company has operating leases primarily for certain of its major facilities, including corporate offices, research and development facilities, and manufacturing facilities. The leases have remaining lease terms generally ranging from 1 to 8 years , some that include options to extend the lease for up to 10 years . The Company considers options to extend the lease in determining the lease term. Operating lease expense for the first quarter of fiscal 2019 and 2018 was $14.4 million and $10.3 million , respectively. For the first quarter of fiscal 2019 , $2.7 million of the lease expense was related to leases with terms of one year or less that are not recognized on the Company’s Condensed Consolidated Balance Sheets. Supplemental cash flow information related to leases was as follows: First Quarter of As of 2019 (In millions) Cash paid for liabilities included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9.5 Right-of-use assets obtained in exchange for Operating lease liabilities: $ 7.2 Supplemental balance sheet information related to leases was as follows: First Quarter of As of 2019 (In millions) Operating lease right-of-use assets $ 121.1 Other current liabilities $ 28.3 Operating lease liabilities 95.1 Total operating lease liabilities $ 123.4 Weighted-average discount rate 4.3 % Weighted-average remaining lease term 5 years At the end of the first quarter of fiscal 2019, the Company's maturities of lease liabilities were as follows (in millions): Year Payable 2019 (Remaining) $ 24.9 2020 30.3 2021 24.9 2022 20.1 2023 15.3 Thereafter 22.4 Total lease payments $ 137.9 Less imputed interest $ 14.5 Total $ 123.4 |
Fair Value Measurements
| Fair Value Measurements | 3 Months Ended |
| Mar. 29, 2019 | |
| Fair Value Disclosures [Abstract] | |
| FAIR VALUE MEASUREMENTS | FAIR VALUE MEASUREMENTS The Company determines fair value based on the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Hierarchical levels are directly related to the amount of subjectivity associated with the inputs to fair valuation of these assets and liabilities and are as follows: Level I—Observable inputs such as unadjusted, quoted prices in active markets for identical assets or liabilities. Level II—Inputs (other than quoted prices included in Level I) are either directly or indirectly observable for the asset or liability. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. Level III—Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. Fair Value on a Recurring Basis The fair value of assets and liabilities measured and recorded at fair value on a recurring basis at the end of period were as follows: Fair Values as of the end of the First Quarter of Fiscal 2019 Fair Values as of Fiscal Year End 2018 (In millions) Level I Level II Level III Total Level I Level II Level III Total Assets Deferred compensation plan assets (1) $ 33.9 $ — $ — $ 33.9 $ 28.5 $ — $ — $ 28.5 Derivatives assets (2) — 0.5 — 0.5 — 0.4 — 0.4 Total assets measured at fair value $ 33.9 $ 0.5 $ — $ 34.4 $ 28.5 $ 0.4 $ — $ 28.9 Liabilities Deferred compensation plan liabilities (1) 33.9 — — 33.9 $ 28.5 $ — $ — $ 28.5 Derivatives liabilities (2) — 0.4 — 0.4 — — — — Contingent consideration liabilities (3) — — 5.3 5.3 — — 5.6 5.6 Total liabilities measured at fair value $ 33.9 $ 0.4 $ 5.3 $ 39.6 $ 28.5 $ — $ 5.6 $ 34.1 (1) The Company maintains a self-directed, non-qualified deferred compensation plan for certain executives and other highly compensated employees. The plan assets and liabilities are invested in actively traded mutual funds and individual stocks valued using observable quoted prices in active markets. (2) Derivative assets and liabilities primarily represent forward currency exchange contracts to minimize the short-term impact of foreign currency exchange rates on certain trade and inter-company receivables and payables. (3) Contingent consideration liabilities represent arrangements to pay the former owners of certain companies that Trimble acquired. The fair values are estimated using scenario-based methods or option pricing methods based upon estimated future revenues, gross margins or other milestones. Additional Fair Value Information The total estimated fair value of all outstanding financial instruments that are not recorded at fair value on a recurring basis (debt) was approximately $1.9 billion and $2.0 billion for the first quarter of 2019 and fiscal year end 2018, respectively, consistent with the carrying values. The fair value of the Senior Notes was determined based on observable market prices in less active markets and is categorized accordingly as Level II in the fair value hierarchy. The fair value of the bank borrowings and promissory notes has been calculated using an estimate of the interest rate the Company would have had to pay on the issuance of notes with a similar maturity and by discounting the cash flows at that rate and is categorized as Level II in the fair value hierarchy. The fair values do not give an indication of the amount that the Company would currently have to pay to extinguish any of this debt. |
Deferred Costs to Obtain Custom
| Deferred Costs to Obtain Customer Contracts | 3 Months Ended |
| Mar. 29, 2019 | |
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
| Other Assets Disclosure [Text Block] | DEFERRED COSTS TO OBTAIN CUSTOMER CONTRACTS The Company classifies all deferred costs to obtain customer contracts, which consists of deferred commissions, as a non-current asset included in Deferred Costs, non-current on the Company’s Condensed Consolidated Balance Sheets. At the end of the first quarter of fiscal 2019 and fiscal year end 2018, the Company had $41.3 million of deferred costs to obtain customer contracts. Amortization expense related to deferred costs to obtain customer contracts for the first quarter of fiscal 2019 and 2018 was $5.6 million and $5.4 million , respectively. This expense was included in Sales and marketing expenses in the Company’s Condensed Consolidated Statements of Income. There was no impairment loss related to the deferred commissions for either period presented. |
Product Warranties
| Product Warranties | 3 Months Ended |
| Mar. 29, 2019 | |
| Product Warranties Disclosures [Abstract] | |
| PRODUCT WARRANTIES | PRODUCT WARRANTIES The Company accrues for warranty costs as part of its cost of sales based on associated material product costs, technical support, labor costs, and costs incurred by third parties performing work on the Company’s behalf. The Company’s expected future costs are primarily estimated based upon historical trends in the volume of product returns within the warranty period and the costs to repair or replace the equipment. When products sold include warranty provisions, they are covered by a warranty for periods ranging generally from one year to two years. While the Company engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of component suppliers, its warranty obligation is affected by product failure rates, material usage, and service delivery costs incurred in correcting a product failure. Should actual product failure rates, material usage or service delivery costs differ from the estimates, revisions to the estimated warranty accrual and related costs may be required. Changes in the Company’s product warranty liability during the first quarter of fiscal 2019 are as follows: (In millions) Balance as of fiscal year end 2018 $ 15.3 Accruals for warranties issued 3.4 Changes in estimates 0.3 Warranty settlements (in cash or in kind) (4.9 ) Balance as of the end of the first quarter of fiscal 2019 $ 14.1 |
Deferred Revenue And Performanc
| Deferred Revenue And Performance Obligations | 3 Months Ended |
| Mar. 29, 2019 | |
| Revenue Recognition and Deferred Revenue [Abstract] | |
| Deferred Revenue Disclosure [Text Block] | DEFERRED REVENUE AND REMAINING PERFORMANCE OBLIGATIONS Deferred Revenue Changes in the Company’s deferred revenue during the first quarter of fiscal 2019 and 2018 were as follows: First Quarter of (In millions) 2019 2018 Beginning balance of the period $ 387.3 $ 276.6 Revenue recognized (138.4 ) (98.0 ) Acquired deferred revenue — 22.3 Net deferred revenue activity 215.5 159.5 Ending balance of the period $ 464.4 $ 360.4 Remaining Performance Obligations As of the end of the first quarter of fiscal 2019, approximately $1.1 billion of revenue is expected to be recognized from remaining performance obligations for which goods or services have not been delivered, primarily subscription and software maintenance, and to a lesser extent, hardware and professional services contracts. The Company expects to recognize revenue of approximately 72% and 17% on these remaining performance obligations over the next 12 and 24 months , respectively, with the remainder recognized thereafter. |
Earnings Per Share
| Earnings Per Share | 3 Months Ended |
| Mar. 29, 2019 | |
| Earnings Per Share [Abstract] | |
| EARNINGS PER SHARE | EARNINGS PER SHARE Basic earnings per share is computed by dividing Net income attributable to Trimble Inc. by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing Net income attributable to Trimble Inc. by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options, shares to be purchased under the Company’s employee stock purchase plan, restricted stock units, and contingently issuable shares. The following table shows the computation of basic and diluted earnings per share: First Quarter of 2019 2018 (In millions, except per share amounts) Numerator: Net income attributable to Trimble Inc. $ 62.3 $ 58.5 Denominator: Weighted average number of common shares used in basic earnings per share 251.5 248.8 Effect of dilutive securities 2.5 4.4 Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share 254.0 253.2 Basic earnings per share $ 0.25 $ 0.24 Diluted earnings per share $ 0.25 $ 0.23 For the first quarter of fiscal 2019 and 2018 , the Company excluded insignificant shares of outstanding stock options from the calculation of diluted earnings per share because their effect would have been antidilutive. |
Income Taxes
| Income Taxes | 3 Months Ended |
| Mar. 29, 2019 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | INCOME TAXES For the first quarter of fiscal 2019 , the Company’s effective income tax rate, after including discrete items, was 17% , as compared to 12% in the corresponding period in fiscal 2018 , primarily due to a one-time tax benefit from foreign deferred tax adjustments in the first quarter of fiscal 2018. The Company's effective tax rate is lower than the U.S. federal statutory rate of 21% primarily due to favorable tax rates associated with certain earnings from operations in lower-tax jurisdictions, a benefit from U.S. federal R&D credit, and stock-based compensation deductions. The Company and its subsidiaries are subject to U.S. federal and state and foreign income tax. The Company is currently in different stages of multiple year examinations by the Internal Revenue Service (the "IRS") as well as various state and foreign taxing authorities. In addition, as discussed below, the Company has a pending matter in U.S. tax court regarding fiscal 2011. The Company believes its reserves are more likely than not to be adequate to cover final resolution of all open tax matters. In the first quarter of fiscal 2018, the Company received a formal Notice of Deficiency from the IRS for fiscal year 2011, assessing tax and penalties totaling $51.2 million . The Company does not agree with the IRS position. Accordingly, on June 1, 2018, the Company filed a petition with the U.S. tax court relating to the Notice of Deficiency. On August 3, 2018, the IRS filed its response to the Company’s petition, with no changes to its position. In April 2019, the tax court issued an order for the case to begin on or after May 1, 2020. Although timing of the resolution and/or closure of audits is not certain, the Company does not believe that its gross unrecognized tax benefits would materially change in the next twelve months. Unrecognized tax benefits of $62.8 million and $60.5 million as of the end of the first quarter of fiscal 2019 and fiscal year end 2018, respectively, if recognized, would favorably affect the effective income tax rate in future periods. Unrecognized tax benefits are recorded in Other non-current liabilities and in the deferred tax accounts in the accompanying Condensed Consolidated Balance Sheets. The Company's practice is to recognize interest and/or penalties related to income tax matters in income tax expense. As of the end of the first quarter of fiscal 2019 and fiscal year end 2018, the Company had accrued $12.0 million and $11.0 million , respectively, for interest and penalties, which are recorded in Other non-current liabilities in the accompanying Condensed Consolidated Balance Sheets. |
Commitment and Contingencies
| Commitment and Contingencies | 3 Months Ended |
| Mar. 29, 2019 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES Commitments As of the end of the first quarter of fiscal 2019 , the Company had unconditional purchase obligations of approximately $258.3 million . These unconditional purchase obligations primarily represent open non-cancelable purchase orders for material purchases with the Company’s vendors. Purchase obligations exclude agreements that are cancelable without penalty. Litigation From time to time, the Company is also involved in litigation arising out of the ordinary course of its business. There are no material legal proceedings, other than ordinary routine litigation incidental to the business, to which the Company or any of its subsidiaries is a party or of which any of the Company's or its subsidiaries' property is subject. |
Significant Accounting Policies
| Significant Accounting Policies (Policies) | 3 Months Ended |
| Mar. 29, 2019 | |
| Accounting Policies [Abstract] | |
| Use of Estimates, Policy | Use of Estimates The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in its Condensed Consolidated Financial Statements and accompanying notes. Estimates and assumptions are used for revenue recognition, including determining the nature and timing of satisfaction of performance obligations and determining standalone selling price of performance obligations, allowances for doubtful accounts, sales returns reserve, allowances for inventory valuation, warranty costs, investments, goodwill impairment, intangibles impairment, purchased intangibles, useful lives for tangible and intangible assets, stock-based compensation, and income taxes among others. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Actual results and outcomes may differ from management's estimates and assumptions. |
| Leases Policy | Leases In February 2016, the FASB issued a new lease standard that requires a lessee to recognize lease assets and lease liabilities on the balance sheet for most leases and provide enhanced disclosures. The Company adopted the new standard at the beginning of fiscal year 2019 by applying a modified retrospective method without restating comparative periods. Upon adoption, certain practical expedients were used to carry forward existing leases as previously defined and classified. Leases containing both lease and non-lease components are accounted for as part of the overall lease arrangement. Operating leases with lease terms greater than one year are included in Operating lease right-of-use (“ROU”) assets, Other current liabilities, and Operating lease liabilities on the Company's Condensed Consolidated Balance Sheets. Those ROU assets and liabilities are recognized at the present value of lease payments over the lease terms by utilizing the Company’s incremental borrowing rate. The standard had a material impact on the Company’s Condensed Consolidated Balance Sheets but did not have an impact on its Condensed Consolidated Income Statements or Statement of Cash Flows. The most significant impact was the recognition of $123.5 million ROU assets and $126.1 million lease liabilities for its operating leases at the adoption date. |
| New Accounting Pronouncements, Policy | Recently issued Accounting Pronouncements not yet adopted Financial Instruments - Credit Losses In June 2016, the FASB issued new guidance that requires credit losses on financial assets measured at amortized cost basis to be presented based on the net amount expected to be collected, not based on incurred losses. Further, credit losses on available-for-sale debt securities should be recorded through an allowance for credit losses limited to the amount by which fair value is below amortized cost. The new standard is effective for the Company beginning in fiscal 2020. Early adoption for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 is permitted. The Company is currently evaluating the effect of the updated standard on its Condensed Consolidated Financial Statements. Intangibles - Goodwill and Other In January 2017, the FASB issued new guidance that simplifies the accounting for goodwill impairment by requiring impairment charges to be based on the first step in the current two-step impairment test. The impairment test is performed by comparing the fair value of a reporting unit with its carrying amount, and an impairment charge would be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. The new standard is applied on a prospective basis and is effective for the Company beginning in fiscal 2020, and early adoption is permitted. The Company currently anticipates that the adoption will not have a material impact on its Condensed Consolidated Financial Statements. Intangibles - Internal-Use Software In August 2018, the FASB issued new guidance that clarifies the accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. This guidance aligns the accounting for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the accounting for implementation costs incurred to develop or obtain internal-use software. The Company is required to adopt the guidance in the first quarter of fiscal year 2020. Early adoption is permitted. The Company is currently evaluating the effect of the new guidance on its Condensed Consolidated Financial Statements. |
| Business Combinations Policy | The Company determined the total consideration paid for each of its acquisitions as well as the fair value of the assets acquired and liabilities assumed as of the date of acquisition. The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill. The fair value of intangible assets acquired is generally determined based on a discounted cash flow analysis. The preliminary fair values of net tangible assets and intangible assets acquired were based on preliminary valuations and estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). The primary areas that remain preliminary relate to the fair values of intangible assets acquired, certain tangible assets and liabilities acquired, income and non-income based taxes, and residual goodwill. The Company expects to continue to obtain information to assist in determining the fair values of the net assets acquired during the measurement period. |
| Product Warranties Policy | The Company accrues for warranty costs as part of its cost of sales based on associated material product costs, technical support, labor costs, and costs incurred by third parties performing work on the Company’s behalf. The Company’s expected future costs are primarily estimated based upon historical trends in the volume of product returns within the warranty period and the costs to repair or replace the equipment. When products sold include warranty provisions, they are covered by a warranty for periods ranging generally from one year to two years. While the Company engages in extensive product quality programs and processes, including actively monitoring and evaluating the quality of component suppliers, its warranty obligation is affected by product failure rates, material usage, and service delivery costs incurred in correcting a product failure. Should actual product failure rates, material usage or service delivery costs differ from the estimates, revisions to the estimated warranty accrual and related costs may be required. |
| Earnings Per Share, Policy | Basic earnings per share is computed by dividing Net income attributable to Trimble Inc. by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing Net income attributable to Trimble Inc. by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding stock options, shares to be purchased under the Company’s employee stock purchase plan, restricted stock units, and contingently issuable shares. |
| Income Tax, Policy | The Company's practice is to recognize interest and/or penalties related to income tax matters in income tax expense. |
Business Combinations (Tables)
| Business Combinations (Tables) | 3 Months Ended |
| Mar. 29, 2019 | |
| Business Combination, Separately Recognized Transactions [Line Items] | |
| Schedule Of Intangible Assets | The following table presents details of the Company’s total intangible assets: As of First Quarter of Fiscal 2019 Fiscal Year End 2018 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying (In millions) Amount Amortization Amount Amount Amortization Amount Developed product technology $ 1,222.0 $ (850.7 ) $ 371.3 $ 1,220.3 $ (825.3 ) $ 395.0 Trade names and trademarks 72.9 (54.7 ) 18.2 72.9 (53.3 ) 19.6 Customer relationships 715.6 (422.7 ) 292.9 715.1 (406.5 ) 308.6 Distribution rights and other intellectual property 78.4 (63.3 ) 15.1 84.4 (63.3 ) 21.1 $ 2,088.9 $ (1,391.4 ) $ 697.5 $ 2,092.7 $ (1,348.4 ) $ 744.3 |
| Schedule Of Estimated Future Amortization Expense | The estimated future amortization expense of purchased intangible assets as of the end of the first quarter of fiscal 2019 was as follows: (In millions) 2019 (Remaining) $ 121.0 2020 139.7 2021 118.3 2022 99.2 2023 85.6 Thereafter 133.7 Total $ 697.5 |
| Changes In Carrying Amount Of Goodwill By Operating Segment | The changes in the carrying amount of goodwill by segment for the first quarter of fiscal 2019 were as follows: Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) Balance as of fiscal year end 2018 $ 1,970.2 $ 403.1 $ 305.7 $ 861.0 $ 3,540.0 Purchase price adjustments- prior years' acquisitions (0.3 ) — — (0.4 ) (0.7 ) Foreign currency translation adjustments 3.4 (1.6 ) (0.5 ) 0.2 1.5 Balance as of the end of the first quarter of fiscal 2019 $ 1,973.3 $ 401.5 $ 305.2 $ 860.8 $ 3,540.8 |
| Business Acquisition, Pro Forma Information | The pro forma information for the first quarter of fiscal 2018 is as follows: First Quarter of Fiscal Period 2018 (in millions, except per share data) Revenue $ 793.8 Net income attributable to Trimble Inc. 57.7 Basic earnings per share 0.23 Diluted earnings per share 0.23 |
| Viewpoint and e-Builder [Member] | |
| Business Combination, Separately Recognized Transactions [Line Items] | |
| Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the consideration transferred to acquire Viewpoint and e-Builder, the assets acquired, and liabilities assumed, and the estimated useful lives of the identifiable intangible assets as of the dates of the acquisitions: (In millions) Viewpoint e-Builder Total purchase consideration $ 1,211.3 $ 485.5 Net tangible assets acquired (0.4 ) 2.0 Intangible assets acquired: Estimated Useful Life Estimated Useful Life Developed product technology 225.4 6 years 60.5 7 years In-Process Research & Development 12.9 n/a — Order backlog — 1.7 6 months Customer relationships 158.6 10 years 42.4 10 years Trade name 8.9 5 years 4.8 7 years Favorable Lease 4.3 4 - 9 years — Subtotal 410.1 109.4 Deferred tax liability (61.2 ) (18.2 ) Less fair value of all assets/liabilities acquired 348.5 93.2 Goodwill $ 862.8 $ 392.3 |
Inventories (Tables)
| Inventories (Tables) | 3 Months Ended |
| Mar. 29, 2019 | |
| Inventory, Net [Abstract] | |
| Components Of Net Inventories | Inventories consisted of the following: First Quarter of Fiscal Year End As of 2019 2018 (In millions) Raw materials $ 104.3 $ 96.2 Work-in-process 12.6 12.6 Finished goods 186.8 189.2 Total inventories $ 303.7 $ 298.0 |
Segment Information (Tables)
| Segment Information (Tables) | 3 Months Ended |
| Mar. 29, 2019 | |
| Text Block [Abstract] | |
| Schedule Of Revenue, Operating Income And Identifiable Assets By Segment | Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) First Quarter of Fiscal 2019 Revenue $ 292.0 $ 161.2 $ 159.3 $ 189.1 $ 801.6 Acquired deferred revenue adjustment 2.7 — 0.2 — 2.9 Segment revenue $ 294.7 $ 161.2 $ 159.5 $ 189.1 $ 804.5 Operating income $ 61.4 $ 29.4 $ 51.0 $ 31.2 $ 173.0 Acquired deferred revenue adjustment 2.7 — 0.2 — 2.9 Amortization of acquired capitalized commissions (1.6 ) — (0.1 ) — (1.7 ) Segment operating income $ 62.5 $ 29.4 $ 51.1 $ 31.2 $ 174.2 Depreciation expense $ 2.1 $ 1.6 $ 1.1 $ 1.1 $ 5.9 First Quarter of Fiscal 2018 Revenue $ 224.7 $ 174.5 $ 159.2 $ 183.8 $ 742.2 Acquired deferred revenue adjustment 2.5 — 0.3 0.1 2.9 Segment revenue $ 227.2 $ 174.5 $ 159.5 $ 183.9 $ 745.1 Operating income $ 43.5 $ 37.3 $ 51.7 $ 30.4 $ 162.9 Acquired deferred revenue adjustment 2.5 — 0.3 0.1 2.9 Amortization of acquired capitalized commissions (0.4 ) — (0.1 ) — (0.5 ) Segment operating income $ 45.6 $ 37.3 $ 51.9 $ 30.5 $ 165.3 Depreciation expense $ 1.4 $ 1.4 $ 1.0 $ 1.1 $ 4.9 Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) As of the First Quarter of Fiscal 2019 Accounts receivable, net $ 186.2 $ 111.3 $ 101.7 $ 126.0 $ 525.2 Inventories 64.7 136.7 43.9 58.4 303.7 Goodwill 1,973.3 401.5 305.2 860.8 3,540.8 As of Fiscal Year End 2018 Accounts receivable, net 177.5 118.7 83.8 132.6 512.6 Inventories 70.3 133.5 46.2 48.0 298.0 Goodwill $ 1,970.2 $ 403.1 $ 305.7 $ 861.0 $ 3,540.0 |
| Reconciliation Of The Company's Consolidated Segment Operating Income To Consolidated Income Before Income Taxes | A reconciliation of the Company’s consolidated segment operating income to consolidated income before income taxes is as follows: First Quarter of 2019 2018 (In millions) Consolidated segment operating income $ 174.2 $ 165.3 Unallocated corporate expense (21.3 ) (23.4 ) Restructuring charges (3.7 ) (1.4 ) Acquired deferred revenue adjustment (2.9 ) (2.9 ) Amortization of purchased intangible assets (44.3 ) (40.5 ) Stock-based compensation (16.3 ) (17.4 ) Amortization of acquired capitalized commissions 1.7 0.5 Acquisition / divestiture items (1.1 ) (16.0 ) Consolidated operating income 86.3 64.2 Non-operating income (expense), net: (11.1 ) 2.5 Consolidated income before taxes $ 75.2 $ 66.7 |
| Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | On a total Company basis, the disaggregation of revenue by geography is summarized in the tables below. Revenue is defined as revenue from external customers attributed to countries based on the location of the customer and excludes the effects of certain acquired deferred revenue that was written down to fair value in purchase accounting, consistent with the Reporting Segment tables above. Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) First Quarter of Fiscal 2019 North America $ 165.6 $ 62.9 $ 41.9 $ 152.0 $ 422.4 Europe 83.9 54.7 88.9 21.1 248.6 Asia Pacific 38.5 31.7 12.7 10.5 93.4 Rest of World 6.7 11.9 16.0 5.5 40.1 Total consolidated revenue $ 294.7 $ 161.2 $ 159.5 $ 189.1 $ 804.5 First Quarter of Fiscal 2018 North America $ 115.9 $ 69.4 $ 48.4 $ 151.2 $ 384.9 Europe 75.6 49.6 80.2 21.4 226.8 Asia Pacific 29.2 43.3 11.2 10.8 94.5 Rest of World 6.5 12.2 19.7 0.5 38.9 Total consolidated revenue $ 227.2 $ 174.5 $ 159.5 $ 183.9 $ 745.1 |
Debt (Tables)
| Debt (Tables) | 3 Months Ended |
| Mar. 29, 2019 | |
| Text Block [Abstract] | |
| Schedule Of Debt | Debt consisted of the following: As of First Quarter of Fiscal Year End Instrument Date of Issuance 2019 2018 (In millions) Effective Interest Rate Amount Amount Senior Notes: 2023 Senior Notes, 4.15%, due June 2023 June 2018 4.36% $ 300.0 $ 300.0 2028 Senior Notes, 4.90%, due June 2028 June 2018 5.04% 600.0 600.0 2024 Senior Notes, 4.75%, due December 2024 November 2014 4.95% 400.0 400.0 Credit Facilities: 2018 Credit Facility, floating rate: Term Loan, due May 2021 May 2018 3.98% 350.0 425.0 Revolving Credit Facility 4.19% 10.0 — Uncommitted facilities, floating rate 2.12% 246.7 255.9 Promissory notes and other debt 0.5 1.0 Unamortized discount and issuance costs (12.6 ) (13.4 ) Total debt 1,894.6 1,968.5 Less: Short-term debt 246.8 256.2 Long-term debt $ 1,647.8 $ 1,712.3 |
| Schedule of Maturities of Long-term Debt | At the end of the first quarter of fiscal 2019, the Company's debt maturities based on outstanding principal were as follows (in millions): Year Payable 2019 (Remaining) $ 246.8 2020 0.3 2021 350.0 2022 — 2023 310.0 Thereafter 1,000.0 Total $ 1,907.1 |
Lease (Tables)
| Lease (Tables) | 3 Months Ended |
| Mar. 29, 2019 | |
| Leases [Abstract] | |
| Supplemental Leases Cash flow and Balance Sheet Information | Supplemental cash flow information related to leases was as follows: First Quarter of As of 2019 (In millions) Cash paid for liabilities included in the measurement of lease liabilities: Operating cash flows from operating leases $ 9.5 Right-of-use assets obtained in exchange for Operating lease liabilities: $ 7.2 Supplemental balance sheet information related to leases was as follows: First Quarter of As of 2019 (In millions) Operating lease right-of-use assets $ 121.1 Other current liabilities $ 28.3 Operating lease liabilities 95.1 Total operating lease liabilities $ 123.4 Weighted-average discount rate 4.3 % Weighted-average remaining lease term 5 years |
| Lessee, Operating Lease Liability, Maturity | At the end of the first quarter of fiscal 2019, the Company's maturities of lease liabilities were as follows (in millions): Year Payable 2019 (Remaining) $ 24.9 2020 30.3 2021 24.9 2022 20.1 2023 15.3 Thereafter 22.4 Total lease payments $ 137.9 Less imputed interest $ 14.5 Total $ 123.4 |
Fair Value Measurements (Tables
| Fair Value Measurements (Tables) | 3 Months Ended |
| Mar. 29, 2019 | |
| Fair Value Disclosures [Abstract] | |
| Assets And Liabilities Measured At Fair Value On A Recurring Basis | The fair value of assets and liabilities measured and recorded at fair value on a recurring basis at the end of period were as follows: Fair Values as of the end of the First Quarter of Fiscal 2019 Fair Values as of Fiscal Year End 2018 (In millions) Level I Level II Level III Total Level I Level II Level III Total Assets Deferred compensation plan assets (1) $ 33.9 $ — $ — $ 33.9 $ 28.5 $ — $ — $ 28.5 Derivatives assets (2) — 0.5 — 0.5 — 0.4 — 0.4 Total assets measured at fair value $ 33.9 $ 0.5 $ — $ 34.4 $ 28.5 $ 0.4 $ — $ 28.9 Liabilities Deferred compensation plan liabilities (1) 33.9 — — 33.9 $ 28.5 $ — $ — $ 28.5 Derivatives liabilities (2) — 0.4 — 0.4 — — — — Contingent consideration liabilities (3) — — 5.3 5.3 — — 5.6 5.6 Total liabilities measured at fair value $ 33.9 $ 0.4 $ 5.3 $ 39.6 $ 28.5 $ — $ 5.6 $ 34.1 (1) The Company maintains a self-directed, non-qualified deferred compensation plan for certain executives and other highly compensated employees. The plan assets and liabilities are invested in actively traded mutual funds and individual stocks valued using observable quoted prices in active markets. (2) Derivative assets and liabilities primarily represent forward currency exchange contracts to minimize the short-term impact of foreign currency exchange rates on certain trade and inter-company receivables and payables. (3) Contingent consideration liabilities represent arrangements to pay the former owners of certain companies that Trimble acquired. The fair values are estimated using scenario-based methods or option pricing methods based upon estimated future revenues, gross margins or other milestones. |
Product Warranties (Tables)
| Product Warranties (Tables) | 3 Months Ended |
| Mar. 29, 2019 | |
| Product Warranties Disclosures [Abstract] | |
| Changes In Product Warranty Liability | Changes in the Company’s product warranty liability during the first quarter of fiscal 2019 are as follows: (In millions) Balance as of fiscal year end 2018 $ 15.3 Accruals for warranties issued 3.4 Changes in estimates 0.3 Warranty settlements (in cash or in kind) (4.9 ) Balance as of the end of the first quarter of fiscal 2019 $ 14.1 |
Deferred Revenue And Performa_2
| Deferred Revenue And Performance Obligations (Tables) | 3 Months Ended |
| Mar. 29, 2019 | |
| Revenue Recognition and Deferred Revenue [Abstract] | |
| Deferred Revenue And Performance Obligations | Changes in the Company’s deferred revenue during the first quarter of fiscal 2019 and 2018 were as follows: First Quarter of (In millions) 2019 2018 Beginning balance of the period $ 387.3 $ 276.6 Revenue recognized (138.4 ) (98.0 ) Acquired deferred revenue — 22.3 Net deferred revenue activity 215.5 159.5 Ending balance of the period $ 464.4 $ 360.4 |
Earnings Per Share (Tables)
| Earnings Per Share (Tables) | 3 Months Ended |
| Mar. 29, 2019 | |
| Earnings Per Share [Abstract] | |
| Schedule Of Computation Of Earnings Per Share And Effect On Weighted-Average Number Of Shares | The following table shows the computation of basic and diluted earnings per share: First Quarter of 2019 2018 (In millions, except per share amounts) Numerator: Net income attributable to Trimble Inc. $ 62.3 $ 58.5 Denominator: Weighted average number of common shares used in basic earnings per share 251.5 248.8 Effect of dilutive securities 2.5 4.4 Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share 254.0 253.2 Basic earnings per share $ 0.25 $ 0.24 Diluted earnings per share $ 0.25 $ 0.23 |
Updates to Significant Accoun_2
| Updates to Significant Accounting Policies - Impact On Financial Statements Narratives (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Mar. 29, 2019 |
| New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
| Operating Lease, Right-of-Use Asset | $ 121.1 | |
| Operating lease liabilities | $ 95.1 | |
| Accounting Standards Update 2016-02 [Member] | ||
| New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
| New Accounting Pronouncement, Effect of Adoption on Financial Statements | $ 0 | |
| Operating Lease, Right-of-Use Asset | 123.5 | |
| Operating lease liabilities | 126.1 | |
| Accounting Standards Update 2016-02 [Member] | Operating Income (Loss) [Member] | ||
| New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
| New Accounting Pronouncement, Effect of Adoption on Financial Statements | $ 0 | |
| Minimum | ||
| New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
| Lessee, Operating Lease, Remaining Lease Term | 1 year | |
| Minimum | Accounting Standards Update 2016-02 [Member] | ||
| New Accounting Pronouncements or Change in Accounting Principle [Line Items] | ||
| Lessee, Operating Lease, Remaining Lease Term | 1 year |
Shareholders' Equity (Narrative
| Shareholders' Equity (Narrative) (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | ||
| Mar. 29, 2019 | Mar. 30, 2018 | Nov. 30, 2017 | |
| Equity, Class of Stock [Line Items] | |||
| Stock Repurchased During Period, Value | $ 40 | $ 50 | |
| Two Thousand Seventeen Stock Repurchase Program [Member] | |||
| Equity, Class of Stock [Line Items] | |||
| Stock Repurchase Program, Remaining Authorized Repurchase Amount | 312.2 | ||
| Retained Earnings [Member] | |||
| Equity, Class of Stock [Line Items] | |||
| Stock Repurchased During Period, Value | $ 33.5 | $ 42.5 | |
| Maximum | Two Thousand Seventeen Stock Repurchase Program [Member] | |||
| Equity, Class of Stock [Line Items] | |||
| Stock repurchase program approved amount | $ 600 | ||
| Open Market Purchases [Member] | Two Thousand Seventeen Stock Repurchase Program [Member] | |||
| Equity, Class of Stock [Line Items] | |||
| Stock Repurchased During Period, Shares | 1 | ||
| Accelerated Share Repurchases, Final Price Paid Per Share | $ 39.59 | ||
| Stock Repurchased During Period, Value | $ 40 | ||
Business Combinations (Schedule
| Business Combinations (Schedule Of Intangible Assets) (Detail) - USD ($) $ in Millions | Mar. 29, 2019 | Dec. 28, 2018 |
| Acquired Finite-Lived Intangible Assets [Line Items] | ||
| Intangible Assets, Gross Carrying Amount | $ 2,088.9 | $ 2,092.7 |
| Intangible Assets, Accumulated Amortization | (1,391.4) | (1,348.4) |
| Total | 697.5 | 744.3 |
| Developed Product Technology [Member] | ||
| Acquired Finite-Lived Intangible Assets [Line Items] | ||
| Intangible Assets, Gross Carrying Amount | 1,222 | 1,220.3 |
| Intangible Assets, Accumulated Amortization | (850.7) | (825.3) |
| Total | 371.3 | 395 |
| Trade Names And Trademarks [Member] | ||
| Acquired Finite-Lived Intangible Assets [Line Items] | ||
| Intangible Assets, Gross Carrying Amount | 72.9 | 72.9 |
| Intangible Assets, Accumulated Amortization | (54.7) | (53.3) |
| Total | 18.2 | 19.6 |
| Customer Relationships [Member] | ||
| Acquired Finite-Lived Intangible Assets [Line Items] | ||
| Intangible Assets, Gross Carrying Amount | 715.6 | 715.1 |
| Intangible Assets, Accumulated Amortization | (422.7) | (406.5) |
| Total | 292.9 | 308.6 |
| Distribution Rights And Other Intellectual Property [Member] | ||
| Acquired Finite-Lived Intangible Assets [Line Items] | ||
| Intangible Assets, Gross Carrying Amount | 78.4 | 84.4 |
| Intangible Assets, Accumulated Amortization | (63.3) | (63.3) |
| Total | $ 15.1 | $ 21.1 |
Business Combinations (Schedu_2
| Business Combinations (Schedule Of Estimated Future Amortization Expense) (Detail) - USD ($) $ in Millions | Mar. 29, 2019 | Dec. 28, 2018 |
| Acquired Finite-Lived Intangible Assets [Line Items] | ||
| 2019 (Remaining) | $ 121 | |
| 2020 | 139.7 | |
| 2021 | 118.3 | |
| 2022 | 99.2 | |
| 2023 | 85.6 | |
| Thereafter | 133.7 | |
| Total | $ 697.5 | $ 744.3 |
Business Combinations (Changes
| Business Combinations (Changes In Carrying Amount Of Goodwill By Operating Segment) (Detail) $ in Millions | 3 Months Ended |
| Mar. 29, 2019USD ($) | |
| Goodwill [Line Items] | |
| Balance as of fiscal year 2018 | $ 3,540 |
| Purchase price adjustments- prior years' acquisitions | (0.7) |
| Foreign currency translation adjustments | 1.5 |
| Balance as of the end of the first quarter of fiscal 2019 | 3,540.8 |
| Buildings and Infrastructure [Member] | |
| Goodwill [Line Items] | |
| Balance as of fiscal year 2018 | 1,970.2 |
| Purchase price adjustments- prior years' acquisitions | (0.3) |
| Foreign currency translation adjustments | 3.4 |
| Balance as of the end of the first quarter of fiscal 2019 | 1,973.3 |
| Geospatial [Member] | |
| Goodwill [Line Items] | |
| Balance as of fiscal year 2018 | 403.1 |
| Purchase price adjustments- prior years' acquisitions | 0 |
| Foreign currency translation adjustments | (1.6) |
| Balance as of the end of the first quarter of fiscal 2019 | 401.5 |
| Resources and Utilities [Member] | |
| Goodwill [Line Items] | |
| Balance as of fiscal year 2018 | 305.7 |
| Purchase price adjustments- prior years' acquisitions | 0 |
| Foreign currency translation adjustments | (0.5) |
| Balance as of the end of the first quarter of fiscal 2019 | 305.2 |
| Transportation [Member] | |
| Goodwill [Line Items] | |
| Balance as of fiscal year 2018 | 861 |
| Purchase price adjustments- prior years' acquisitions | (0.4) |
| Foreign currency translation adjustments | 0.2 |
| Balance as of the end of the first quarter of fiscal 2019 | $ 860.8 |
Business Combinations (Narrativ
| Business Combinations (Narratives) (Details) - USD ($) $ in Millions | Jul. 02, 2018 | Feb. 02, 2018 | Dec. 28, 2018 | Mar. 29, 2019 |
| Waterfall Holdings [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Business Combination, Consideration Transferred | $ 1,211.3 | |||
| Business Acquisition, Goodwill, Expected Tax Deductible Amount | $ 95.8 | |||
| eBuilder [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Business Combination, Consideration Transferred | $ 485.5 | |||
| Cash and Cash Equivalents [Member] | Viewpoint and e-Builder [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Cash Purchase Consideration | $ 211.2 |
Business Combinations (Allocati
| Business Combinations (Allocation of Assets and Liabilitiies) (Details) - USD ($) $ in Millions | Jul. 02, 2018 | Feb. 02, 2018 | Mar. 29, 2019 | Dec. 28, 2018 |
| Business Acquisition [Line Items] | ||||
| Goodwill | $ 3,540.8 | $ 3,540 | ||
| eBuilder [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Business Combination, Consideration Transferred | $ 485.5 | |||
| Net tangible assets acquired | 2 | |||
| Intangible Assets Acquired | 109.4 | |||
| Deferred Tax Liability | (18.2) | |||
| Less fair value of all assets/liabilities acquired | 93.2 | |||
| Goodwill | 392.3 | |||
| Waterfall Holdings [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Business Combination, Consideration Transferred | $ 1,211.3 | |||
| Net tangible assets acquired | (0.4) | |||
| Intangible Assets Acquired | 410.1 | |||
| Research and Development in Process | 12.9 | |||
| Deferred Tax Liability | (61.2) | |||
| Less fair value of all assets/liabilities acquired | 348.5 | |||
| Goodwill | 862.8 | |||
| Developed Product Technology [Member] | eBuilder [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Intangible Assets Acquired | $ 60.5 | |||
| Acquired Finite-lived Intangible Assets, Estimated Useful Life | 7 years | |||
| Developed Product Technology [Member] | Waterfall Holdings [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Intangible Assets Acquired | $ 225.4 | |||
| Acquired Finite-lived Intangible Assets, Estimated Useful Life | 6 years | |||
| Order or Production Backlog [Member] | eBuilder [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Intangible Assets Acquired | $ 1.7 | |||
| Acquired Finite-lived Intangible Assets, Estimated Useful Life | 6 months | |||
| Customer Relationships [Member] | eBuilder [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Intangible Assets Acquired | $ 42.4 | |||
| Acquired Finite-lived Intangible Assets, Estimated Useful Life | 10 years | |||
| Customer Relationships [Member] | Waterfall Holdings [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Intangible Assets Acquired | $ 158.6 | |||
| Acquired Finite-lived Intangible Assets, Estimated Useful Life | 10 years | |||
| Trade Names [Member] | eBuilder [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Intangible Assets Acquired | $ 4.8 | |||
| Acquired Finite-lived Intangible Assets, Estimated Useful Life | 7 years | |||
| Trade Names [Member] | Waterfall Holdings [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Intangible Assets Acquired | $ 8.9 | |||
| Acquired Finite-lived Intangible Assets, Estimated Useful Life | 5 years | |||
| Off-Market Favorable Lease [Member] | Waterfall Holdings [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Intangible Assets Acquired | $ 4.3 | |||
| Minimum | Off-Market Favorable Lease [Member] | Waterfall Holdings [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Acquired Finite-lived Intangible Assets, Estimated Useful Life | 4 years | |||
| Maximum | Off-Market Favorable Lease [Member] | Waterfall Holdings [Member] | ||||
| Business Acquisition [Line Items] | ||||
| Acquired Finite-lived Intangible Assets, Estimated Useful Life | 9 years |
Business Combination - Proforma
| Business Combination - Proforma Financial Information (Details) $ / shares in Units, $ in Millions | 3 Months Ended |
| Mar. 29, 2019USD ($)$ / shares | |
| Business Combinations [Abstract] | |
| Revenue | $ | $ 793.8 |
| Net income attributable to Trimble Inc. | $ | $ 57.7 |
| Basic earnings per share | $ / shares | $ 0.23 |
| Diluted earnings per share | $ / shares | $ 0.23 |
Components Of Net Inventories (
| Components Of Net Inventories (Detail) - USD ($) $ in Millions | Mar. 29, 2019 | Dec. 28, 2018 |
| Inventory, Net [Abstract] | ||
| Raw materials | $ 104.3 | $ 96.2 |
| Work-in-process | 12.6 | 12.6 |
| Finished goods | 186.8 | 189.2 |
| Total inventories | $ 303.7 | $ 298 |
Segment Information (Schedule O
| Segment Information (Schedule Of Revenue, Operating Income And Identifiable Assets By Segment) (Detail) - USD ($) $ in Millions | 3 Months Ended | |
| Mar. 29, 2019 | Mar. 30, 2018 | |
| Segment Reporting Information [Line Items] | ||
| Revenue | $ 801.6 | $ 742.2 |
| Acquired deferred revenue adjustment | 2.9 | 2.9 |
| Amortization of acquired capitalized commissions | (1.7) | (0.5) |
| Consolidated segment operating income | 86.3 | 64.2 |
| Depreciation expense | 10.2 | 8.5 |
| Segment Reconciling Items [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Consolidated segment operating income | 173 | 162.9 |
| Operating Segments [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 804.5 | 745.1 |
| Consolidated segment operating income | 174.2 | 165.3 |
| Depreciation expense | 5.9 | 4.9 |
| Buildings and Infrastructure [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Revenue | 292 | 224.7 |
| Acquired deferred revenue adjustment | 2.7 | 2.5 |
| Amortization of acquired capitalized commissions | (1.6) | (0.4) |
| Buildings and Infrastructure [Member] | Segment Reconciling Items [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Consolidated segment operating income | 61.4 | 43.5 |
| Buildings and Infrastructure [Member] | Operating Segments [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 294.7 | 227.2 |
| Consolidated segment operating income | 62.5 | 45.6 |
| Depreciation expense | 2.1 | 1.4 |
| Geospatial [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Revenue | 161.2 | 174.5 |
| Acquired deferred revenue adjustment | 0 | 0 |
| Geospatial [Member] | Segment Reconciling Items [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Consolidated segment operating income | 29.4 | 37.3 |
| Geospatial [Member] | Operating Segments [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 161.2 | 174.5 |
| Consolidated segment operating income | 29.4 | 37.3 |
| Depreciation expense | 1.6 | 1.4 |
| Resources and Utilities [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Revenue | 159.3 | 159.2 |
| Acquired deferred revenue adjustment | 0.2 | 0.3 |
| Amortization of acquired capitalized commissions | (0.1) | (0.1) |
| Resources and Utilities [Member] | Segment Reconciling Items [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Consolidated segment operating income | 51 | 51.7 |
| Resources and Utilities [Member] | Operating Segments [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 159.5 | 159.5 |
| Consolidated segment operating income | 51.1 | 51.9 |
| Depreciation expense | 1.1 | 1 |
| Transportation [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Revenue | 189.1 | 183.8 |
| Acquired deferred revenue adjustment | 0 | 0.1 |
| Amortization of acquired capitalized commissions | 0 | |
| Transportation [Member] | Segment Reconciling Items [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Consolidated segment operating income | 31.2 | 30.4 |
| Transportation [Member] | Operating Segments [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 189.1 | 183.9 |
| Consolidated segment operating income | 31.2 | 30.5 |
| Depreciation expense | $ 1.1 | $ 1.1 |
Segment Information (Segment Se
| Segment Information (Segment Select Balance Sheet) (Detail) - USD ($) $ in Millions | Mar. 29, 2019 | Dec. 28, 2018 |
| Segment Reporting Information [Line Items] | ||
| Accounts receivable, net | $ 525.2 | $ 512.6 |
| Inventory, Net | 303.7 | 298 |
| Goodwill | 3,540.8 | 3,540 |
| Buildings and Infrastructure [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Accounts receivable, net | 186.2 | 177.5 |
| Inventory, Net | 64.7 | 70.3 |
| Goodwill | 1,973.3 | 1,970.2 |
| Geospatial [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Accounts receivable, net | 111.3 | 118.7 |
| Inventory, Net | 136.7 | 133.5 |
| Goodwill | 401.5 | 403.1 |
| Resources and Utilities [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Accounts receivable, net | 101.7 | 83.8 |
| Inventory, Net | 43.9 | 46.2 |
| Goodwill | 305.2 | 305.7 |
| Transportation [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Accounts receivable, net | 126 | 132.6 |
| Inventory, Net | 58.4 | 48 |
| Goodwill | $ 860.8 | $ 861 |
Segment Information (Reconcilia
| Segment Information (Reconciliation Of Company's Consolidated Segment Operating Income To Consolidated Income Before Income Taxes) (Detail) - USD ($) $ in Millions | 3 Months Ended | |
| Mar. 29, 2019 | Mar. 30, 2018 | |
| Segment Reporting Information [Line Items] | ||
| Consolidated operating income | $ 86.3 | $ 64.2 |
| Unallocated corporate expense | (352) | (332) |
| Restructuring charges | (3.7) | (1.4) |
| Acquired deferred revenue adjustment | (2.9) | (2.9) |
| Amortization of purchased intangible assets | (44.3) | (40.5) |
| Stock-based compensation | (16.3) | (17.4) |
| Amortization of acquired capitalized commissions | 1.7 | 0.5 |
| Acquisition / divestiture items | (1.1) | (16) |
| Non-operating income (expense), net: | (11.1) | 2.5 |
| Consolidated income before taxes | 75.2 | 66.7 |
| Operating Segments [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Consolidated operating income | 174.2 | 165.3 |
| Corporate, Non-Segment [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Unallocated corporate expense | $ (21.3) | $ (23.4) |
Segment Information - Segment R
| Segment Information - Segment Revenue by Geographic Areas (Details) - Operating Segments [Member] - USD ($) $ in Millions | 3 Months Ended | |
| Mar. 29, 2019 | Mar. 30, 2018 | |
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | $ 804.5 | $ 745.1 |
| North America [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 422.4 | 384.9 |
| Europe [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 248.6 | 226.8 |
| Asia Pacific [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 93.4 | 94.5 |
| Rest of World [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 40.1 | 38.9 |
| Buildings and Infrastructure [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 294.7 | 227.2 |
| Buildings and Infrastructure [Member] | North America [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 165.6 | 115.9 |
| Buildings and Infrastructure [Member] | Europe [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 83.9 | 75.6 |
| Buildings and Infrastructure [Member] | Asia Pacific [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 38.5 | 29.2 |
| Buildings and Infrastructure [Member] | Rest of World [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 6.7 | 6.5 |
| Geospatial [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 161.2 | 174.5 |
| Geospatial [Member] | North America [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 62.9 | 69.4 |
| Geospatial [Member] | Europe [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 54.7 | 49.6 |
| Geospatial [Member] | Asia Pacific [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 31.7 | 43.3 |
| Geospatial [Member] | Rest of World [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 11.9 | 12.2 |
| Resources and Utilities [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 159.5 | 159.5 |
| Resources and Utilities [Member] | North America [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 41.9 | 48.4 |
| Resources and Utilities [Member] | Europe [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 88.9 | 80.2 |
| Resources and Utilities [Member] | Asia Pacific [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 12.7 | 11.2 |
| Resources and Utilities [Member] | Rest of World [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 16 | 19.7 |
| Transportation [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 189.1 | 183.9 |
| Transportation [Member] | North America [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 152 | 151.2 |
| Transportation [Member] | Europe [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 21.1 | 21.4 |
| Transportation [Member] | Asia Pacific [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | 10.5 | 10.8 |
| Transportation [Member] | Rest of World [Member] | ||
| Segment Reporting Information [Line Items] | ||
| Segment Revenues | $ 5.5 | $ 0.5 |
Debt (Schedule Of Debt) (Detail
| Debt (Schedule Of Debt) (Detail) - USD ($) $ in Millions | Mar. 29, 2019 | Dec. 28, 2018 |
| Debt Instrument [Line Items] | ||
| Total debt | $ 1,894.6 | $ 1,968.5 |
| Unamortized discount and issuance costs | (12.6) | (13.4) |
| Less: Short-term debt | 246.8 | 256.2 |
| Long-term debt | $ 1,647.8 | 1,712.3 |
| Uncommitted Facilities, floating rate | ||
| Debt Instrument [Line Items] | ||
| Debt Instrument, Interest Rate, Effective Percentage | 2.12% | |
| Total debt | $ 246.7 | 255.9 |
| Promissory Notes And Other Debt | ||
| Debt Instrument [Line Items] | ||
| Promissory Notes and Other Debt, Current and Noncurrent | $ 0.5 | 1 |
| 2023 Senior Notes, 4.15%, due June 2023 | Senior Notes | ||
| Debt Instrument [Line Items] | ||
| Debt Instrument, Interest Rate, Effective Percentage | 4.36% | |
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 4.15% | |
| Debt Instrument, Principal | $ 300 | 300 |
| 2028 Senior Notes, 4.9%, due June 2028 | Senior Notes | ||
| Debt Instrument [Line Items] | ||
| Debt Instrument, Interest Rate, Effective Percentage | 5.04% | |
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 4.90% | |
| Debt Instrument, Principal | $ 600 | 600 |
| 2024 Senior Notes, 4.75%, due December 2024 | Senior Notes | ||
| Debt Instrument [Line Items] | ||
| Debt Instrument, Interest Rate, Effective Percentage | 4.95% | |
| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 4.75% | |
| Debt Instrument, Principal | $ 400 | 400 |
| 2018 Revolving Credit Facility, floating rate | Revolving Credit Facility | ||
| Debt Instrument [Line Items] | ||
| Debt Instrument, Interest Rate, Effective Percentage | 4.19% | |
| Total debt | $ 10 | |
| Term Loan [Member] | Term Loan, due May 2021 | Revolving Credit Facility | ||
| Debt Instrument [Line Items] | ||
| Debt Instrument, Interest Rate, Effective Percentage | 3.98% | |
| Total debt | $ 350 | $ 425 |
Debt (Schedule of Debt Maturiti
| Debt (Schedule of Debt Maturities) (Details) $ in Millions | Mar. 29, 2019USD ($) |
| Debt Disclosure [Abstract] | |
| 2019 (Remaining) | $ 246.8 |
| 2020 | 0.3 |
| 2021 | 350 |
| 2022 | 0 |
| 2023 | 310 |
| Thereafter | 1,000 |
| Total | $ 1,907.1 |
Debt (Narrative) (Detail)
| Debt (Narrative) (Detail) € in Millions, $ in Millions | Mar. 29, 2019USD ($)loan | Mar. 29, 2019EUR (€)loan | May 15, 2018USD ($) |
| Uncommitted Revolving Credit Facilities $75 million [Member] | |||
| Debt Instrument [Line Items] | |||
| Line of Credit Facility, Current Borrowing Capacity | $ 75 | ||
| Number Of Revolving Loan Facilities | loan | 2 | 2 | |
| Uncommitted Revolving Credit Facilities 100 million euros [Member] | |||
| Debt Instrument [Line Items] | |||
| Line of Credit Facility, Current Borrowing Capacity | € | € 100 | ||
| Number Of Revolving Loan Facilities | loan | 1 | 1 | |
| JPMorgan Chase Bank, N.A. [Member] | Revolving Credit Facility | Unsecured Debt [Member] | 2018 Credit Facility | |||
| Debt Instrument [Line Items] | |||
| Line of Credit Facility, Current Borrowing Capacity | $ 1,750 | ||
| JPMorgan Chase Bank, N.A. [Member] | Revolving Credit Facility, due May 2023 [Member] | Unsecured Debt [Member] | 2018 Credit Facility | |||
| Debt Instrument [Line Items] | |||
| Line of Credit Facility, Current Borrowing Capacity | 1,250 | ||
| JPMorgan Chase Bank, N.A. [Member] | Delayed Draw Term Loan [Member] | Unsecured Debt [Member] | 2018 Credit Facility | |||
| Debt Instrument [Line Items] | |||
| Line of Credit Facility, Current Borrowing Capacity | 500 | ||
| JPMorgan Chase Bank, N.A. [Member] | Additional Loan Facility [Member] | Unsecured Debt [Member] | 2018 Credit Facility | |||
| Debt Instrument [Line Items] | |||
| Line of Credit Facility, Current Borrowing Capacity | $ 500 |
Lease Narratives (Details)
| Lease Narratives (Details) - USD ($) $ in Millions | 3 Months Ended | |
| Mar. 29, 2019 | Mar. 30, 2018 | |
| Lessee, Lease, Description [Line Items] | ||
| Lessee, Operating Lease, Options to Extend | 10 years | |
| Operating Lease, Expense | $ 14.4 | $ 10.3 |
| Lease with Lease Term One Year or Less [Member] | ||
| Lessee, Lease, Description [Line Items] | ||
| Lease expense related to lease terms one year or less not recognized as operating lease | $ 2.7 | |
| Minimum | ||
| Lessee, Lease, Description [Line Items] | ||
| Lessee, Operating Lease, Remaining Lease Term | 1 year | |
| Maximum | ||
| Lessee, Lease, Description [Line Items] | ||
| Lessee, Operating Lease, Remaining Lease Term | 8 years | |
| Maximum | Lease with Lease Term One Year or Less [Member] | ||
| Lessee, Lease, Description [Line Items] | ||
| Lessee, Operating Lease, Remaining Lease Term | 1 year | |
Leases, Cash Flow and Balance S
| Leases, Cash Flow and Balance Sheet Information (Details) $ in Millions | 3 Months Ended |
| Mar. 29, 2019USD ($) | |
| Leases [Abstract] | |
| Operating cash flows from operating leases | $ 9.5 |
| Right-of-Use assets obtained in exchange for Operating lease liabilities: | 7.2 |
| Operating Lease, Right-of-Use Asset | 121.1 |
| Operating Lease, Liability, Current | 28.3 |
| Operating Lease, Liability, Noncurrent | 95.1 |
| Total operating lease liabilities | $ 123.4 |
| Weighted-average discount rate | 4.30% |
| Weighted-average remaining lease term | 5 years |
Operating Lease Liabilities Mat
| Operating Lease Liabilities Maturity (Details) $ in Millions | Mar. 29, 2019USD ($) |
| Leases [Abstract] | |
| 2019 (Remaining) | $ 24.9 |
| 2020 | 30.3 |
| 2021 | 24.9 |
| 2022 | 20.1 |
| 2023 | 15.3 |
| Thereafter | 22.4 |
| Total lease payments | 137.9 |
| Less imputed interest | 14.5 |
| Total | $ 123.4 |
Fair Value Measurements (Assets
| Fair Value Measurements (Assets And Liabilities Measured At Fair Value On Recurring Basis) (Detail) - USD ($) $ in Millions | Mar. 29, 2019 | Dec. 28, 2018 | |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Contingent Consideration, Liabilities | [1] | $ 5.3 | $ 5.6 |
| Fair Value Inputs, Level 3 [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Contingent Consideration, Liabilities | [1] | 5.3 | 5.6 |
| Deferred Compensation Plan Liabilities [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Financial Liabilities Fair Value Disclosure | [2] | 33.9 | 28.5 |
| Deferred Compensation Plan Liabilities [Member] | Fair Value, Inputs, Level 1 [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Financial Liabilities Fair Value Disclosure | [2] | 33.9 | 28.5 |
| Derivative Liabilities [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Foreign Currency Contracts, Liability, Fair Value Disclosure | [3] | 0.4 | |
| Derivative Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Foreign Currency Contracts, Liability, Fair Value Disclosure | [3] | 0.4 | |
| Deferred Compensation Plan Assets [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Assets, Fair Value Disclosure | [2] | 33.9 | 28.5 |
| Deferred Compensation Plan Assets [Member] | Fair Value, Inputs, Level 1 [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Assets, Fair Value Disclosure | [2] | 33.9 | 28.5 |
| Derivative Financial Instruments, Assets [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Foreign Currency Contract, Asset, Fair Value Disclosure | [3] | 0.5 | 0.4 |
| Derivative Financial Instruments, Assets [Member] | Fair Value, Inputs, Level 2 [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Foreign Currency Contract, Asset, Fair Value Disclosure | [3] | 0.5 | 0.4 |
| Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Assets, Fair Value Disclosure | 34.4 | 28.9 | |
| Financial Liabilities Fair Value Disclosure | 39.6 | 34.1 | |
| Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Assets, Fair Value Disclosure | 33.9 | 28.5 | |
| Financial Liabilities Fair Value Disclosure | 33.9 | 28.5 | |
| Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Assets, Fair Value Disclosure | 0.5 | 0.4 | |
| Financial Liabilities Fair Value Disclosure | 0.4 | ||
| Fair Value, Measurements, Recurring [Member] | Fair Value Inputs, Level 3 [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Assets, Fair Value Disclosure | 0 | ||
| Financial Liabilities Fair Value Disclosure | $ 5.3 | $ 5.6 | |
| [1] | Contingent consideration liabilities represent arrangements to pay the former owners of certain companies that Trimble acquired. The fair values are estimated using scenario-based methods or option pricing methods based upon estimated future revenues, gross margins or other milestones. | ||
| [2] | The Company maintains a self-directed, non-qualified deferred compensation plan for certain executives and other highly compensated employees. The plan assets and liabilities are invested in actively traded mutual funds and individual stocks valued using observable quoted prices in active markets. | ||
| [3] | Derivative assets and liabilities primarily represent forward currency exchange contracts to minimize the short-term impact of foreign currency exchange rates on certain trade and inter-company receivables and payables. | ||
Fair Value Measurements (Additi
| Fair Value Measurements (Additional Information) (Detail) - USD ($) $ in Millions | Mar. 29, 2019 | Dec. 28, 2018 |
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Long-term Debt | $ 1,894.6 | $ 1,968.5 |
| Debt [Member] | Fair Value, Measurements, Recurring [Member] | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Long-term Debt | $ 1,900 | $ 2,000 |
Deferred Costs To Obtain Cust_2
| Deferred Costs To Obtain Customer Contracts Narratives (Details) - USD ($) $ in Millions | 3 Months Ended | ||
| Mar. 29, 2019 | Mar. 30, 2018 | Dec. 28, 2018 | |
| Deferred Commission [Member] | |||
| Capitalized Contract Cost [Line Items] | |||
| Capitalized Contract Cost, Impairment Loss | $ 0 | $ 0 | |
| Other Noncurrent Assets [Member] | |||
| Capitalized Contract Cost [Line Items] | |||
| Capitalized Contract Cost, Net | 41.3 | $ 41.3 | |
| Sales And Marketing Expense [Member] | |||
| Capitalized Contract Cost [Line Items] | |||
| Capitalized Contract Cost, Amortization | $ 5.6 | $ 5.4 | |
Product Warranties (Narrative)
| Product Warranties (Narrative) (Detail) | 3 Months Ended |
| Mar. 29, 2019 | |
| Minimum | |
| Product Warranty Liability [Line Items] | |
| Warranty Period On Products Sold | 1 year |
| Maximum | |
| Product Warranty Liability [Line Items] | |
| Warranty Period On Products Sold | 2 years |
Product Warranties (Changes In
| Product Warranties (Changes In Product Warranty Liability) (Detail) $ in Millions | 3 Months Ended |
| Mar. 29, 2019USD ($) | |
| Movement in Standard Product Warranty Accrual [Roll Forward] | |
| Balance as of fiscal year end 2018 | $ 15.3 |
| Accruals for warranties issued | 3.4 |
| Changes in estimates | 0.3 |
| Warranty settlements (in cash or in kind) | (4.9) |
| Balance as of the end of the first quarter of fiscal 2019 | $ 14.1 |
Deferred Revenue And Performa_3
| Deferred Revenue And Performance Obligations - Roll Forward (Details) - USD ($) $ in Millions | 3 Months Ended | |
| Mar. 29, 2019 | Mar. 30, 2018 | |
| Revenue Recognition and Deferred Revenue [Abstract] | ||
| Beginning balance of the period | $ 387.3 | $ 276.6 |
| Revenue recognized | (138.4) | (98) |
| Acquired deferred revenue | 0 | 22.3 |
| Net deferred revenue activity | 215.5 | 159.5 |
| Ending balance of the period | $ 464.4 | $ 360.4 |
Deferred Revenue And Performa_4
| Deferred Revenue And Performance Obligations Narratives (Details) $ in Billions | Mar. 29, 2019USD ($) |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
| Revenue, Remaining Performance Obligation, Amount | $ 1.1 |
| Revenue Recognition Over Remaining Obligations Over Next 12 Months [Member] | |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
| Revenue, Remaining Performance Obligation, Percentage | 72.00% |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 12 months |
| Revenue Recognition Over Remaining Obligations Over Next 24 Months [Member] | |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items] | |
| Revenue, Remaining Performance Obligation, Percentage | 17.00% |
| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period | 24 months |
Earnings Per Share (Schedule Of
| Earnings Per Share (Schedule Of Computation Of Earnings Per Share And Effect On Weighted-Average Number Of Shares) (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | |
| Mar. 29, 2019 | Mar. 30, 2018 | |
| Earnings Per Share Reconciliation [Abstract] | ||
| Net income attributable to Trimble Inc. | $ 62.3 | $ 58.5 |
| Weighted average number of common shares used in basic earnings per share | 251.5 | 248.8 |
| Effect of dilutive securities | 2.5 | 4.4 |
| Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share | 254 | 253.2 |
| Basic earnings per share | $ 0.25 | $ 0.24 |
| Diluted earnings per share | $ 0.25 | $ 0.23 |
Income Taxes (Narrative) (Detai
| Income Taxes (Narrative) (Detail) - USD ($) $ in Millions | 3 Months Ended | ||
| Mar. 29, 2019 | Mar. 30, 2018 | Dec. 28, 2018 | |
| Income Tax Contingency [Line Items] | |||
| Effective income tax rate | 17.00% | 12.00% | |
| Statutory federal income tax rate | 21.00% | ||
| Other Noncurrent Liabilities [Member] | |||
| Income Tax Contingency [Line Items] | |||
| Unrecognized tax benefits that would impact effective tax rate | $ 62.8 | $ 60.5 | |
| Unrecognized tax benefit liabilities include interest and penalties | $ 12 | $ 11 | |
| Tax Year 2010 and 2011 [Member] | Internal Revenue Service (IRS) [Member] | |||
| Income Tax Contingency [Line Items] | |||
| Proposed Adjustments on Income Tax Assessments | $ 51.2 | ||
Commitments and Contingencies (
| Commitments and Contingencies (Narrative) (Details) $ in Millions | Mar. 29, 2019USD ($) |
| Loss Contingency, Information about Litigation Matters [Abstract] | |
| Unconditional purchase obligations | $ 258.3 |