Trimble (TRMB) 10-Q5 Aug 222022 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jul. 01, 2022	Aug. 02, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 01, 2022
Document Transition Report	false
Entity File Number	001-14845
Entity Registrant Name	TRIMBLE INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-2802192
Entity Address, Address Line One	935 Stewart Drive
Entity Address, City or Town	Sunnyvale
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94085
City Area Code	408
Local Phone Number	481-8000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	TRMB
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		247,657,418
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000864749
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 350.1	$ 325.7
Accounts receivable, net	589.3	624.8
Inventories	371.7	363.3
Other current assets	163.9	136.8
Total current assets	1,475	1,450.6
Property and equipment, net	228.5	233.2
Operating lease right-of-use assets	133.2	141
Goodwill	3,886	3,981.5
Other purchased intangible assets, net	432.9	506.6
Deferred income tax assets	464	502
Other non-current assets	299.9	284.7
Total assets	6,919.5	7,099.6
Current liabilities:
Short-term debt	300	0
Accounts payable	191.7	207.3
Accrued compensation and benefits	168.4	231
Deferred revenue	599.2	548.8
Other current liabilities	190.2	201.5
Total current liabilities	1,449.5	1,188.6
Long-term debt	994.1	1,293.2
Deferred revenue, non-current	86	83
Deferred income tax liabilities	198.4	263.1
Income taxes payable	40.9	54.5
Operating lease liabilities	114.4	121.4
Other non-current liabilities	141.7	151.1
Total liabilities	3,025	3,154.9
Commitments and contingencies (Note 12)
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; 247.6 and 250.9 shares issued and outstanding at the end of the second quarter of 2022 and year end 2021	0.2	0.3
Additional paid-in-capital	1,987.7	1,935.6
Retained earnings	2,145.7	2,170.5
Accumulated other comprehensive loss	(239.1)	(161.7)
Total stockholders' equity	3,894.5	3,944.7
Total liabilities and stockholders' equity	$ 6,919.5	$ 7,099.6

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares	Jul. 01, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value per share (in usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value per share (in usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	360,000,000	360,000,000
Common stock, shares issued (in shares)	247,600,000	250,900,000
Common stock, shares outstanding (in shares)	247,600,000	250,900,000

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income (unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Revenue:
Total revenue	$ 941.2	$ 945.2	$ 1,934.9	$ 1,831.7
Cost of sales:
Amortization of purchased intangible assets	21	22	43.5	44.1
Total cost of sales	403.7	419.8	847.8	813
Gross margin	537.5	525.4	1,087.1	1,018.7
Operating expense:
Research and development	140.1	138.3	280.4	267.7
Sales and marketing	138.9	125.2	270.8	247.6
General and administrative	106.9	99.6	208.4	185
Restructuring	5.4	4.5	12.3	6
Amortization of purchased intangible assets	11.3	13	23.4	26.7
Total operating expense	402.6	380.6	795.3	733
Operating income	134.9	144.8	291.8	285.7
Non-operating income, net:
Divestitures gain, net	106	20.4	97.1	22.4
Interest expense, net	(15.3)	(16.6)	(31.3)	(33.5)
Income from equity method investments, net	5.8	10	15.5	21.8
Other income (expense), net	(9.8)	3.8	(13)	3.4
Total non-operating income, net	86.7	17.6	68.3	14.1
Income before taxes	221.6	162.4	360.1	299.8
Income tax provision	53.6	23.5	81.8	46.3
Net income	168	138.9	278.3	253.5
Net income attributable to noncontrolling interests	0	0	0	0.1
Net income attributable to Trimble Inc.	$ 168	$ 138.9	$ 278.3	$ 253.4
Earnings per share attributable to Trimble Inc.:
Basic (in usd per share)	$ 0.67	$ 0.55	$ 1.11	$ 1.01
Diluted (in usd per share)	$ 0.67	$ 0.55	$ 1.11	$ 1
Shares used in calculating earnings per share:
Basic (in shares)	249.2	251.5	250	251.3
Diluted (in shares)	250.7	254.2	251.7	254.2
Product
Revenue:
Total revenue	$ 564.5	$ 594.9	$ 1,186.1	$ 1,134.3
Cost of sales:
Cost of sales, excluding amortization	269.9	286	578.3	541.7
Service
Revenue:
Total revenue	158	162.1	319.1	324.4
Cost of sales:
Cost of sales, excluding amortization	63.4	58	126.7	117.6
Subscription
Revenue:
Total revenue	218.7	188.2	429.7	373
Cost of sales:
Cost of sales, excluding amortization	$ 49.4	$ 53.8	$ 99.3	$ 109.6

Condensed Consolidated Statem_2

Condensed Consolidated Statements Of Comprehensive Income (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 168	$ 138.9	$ 278.3	$ 253.5
Foreign currency translation adjustments, net of tax	(75.2)	18.1	(77.4)	(13.4)
Comprehensive income	92.8	157	200.9	240.1
Comprehensive income attributable to noncontrolling interests	0	0	0	0.1
Comprehensive income attributable to Trimble Inc.	$ 92.8	$ 157	$ 200.9	$ 240

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (unaudited) - USD ($) shares in Millions, $ in Millions	Total	Total Stockholders’ Equity	Common stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Beginning balance (in shares) at Jan. 01, 2021			250.8
Beginning balance at Jan. 01, 2021	$ 3,598.6	$ 3,596.9	$ 0.3	$ 1,801.7	$ 1,893.4	$ (98.5)	$ 1.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	114.6	114.5			114.5		0.1
Other comprehensive (loss) income	(31.5)	(31.5)				(31.5)
Comprehensive income	83.1	83
Issuance of common stock under employee plans, net of tax withholding (in shares)			0.7
Issuance of common stock under employee plans, net of tax withholdings	8	8		18.2	(10.2)
Stock repurchases (in shares)			(0.6)
Stock repurchases	(40)	(40)		(4.1)	(35.9)
Stock-based compensation	25.1	25.1		25.1
Noncontrolling interest investment	(1.2)	0.6		0.6			(1.8)
Ending balance (in shares) at Apr. 02, 2021			250.9
Ending balance at Apr. 02, 2021	3,673.6	3,673.6	$ 0.3	1,841.5	1,961.8	(130)	0
Beginning balance (in shares) at Jan. 01, 2021			250.8
Beginning balance at Jan. 01, 2021	3,598.6	3,596.9	$ 0.3	1,801.7	1,893.4	(98.5)	1.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	253.5
Comprehensive income	240.1
Ending balance (in shares) at Jul. 02, 2021			251.6
Ending balance at Jul. 02, 2021	3,838.6	3,838.6	$ 0.3	1,873	2,077.2	(111.9)	0
Beginning balance (in shares) at Apr. 02, 2021			250.9
Beginning balance at Apr. 02, 2021	3,673.6	3,673.6	$ 0.3	1,841.5	1,961.8	(130)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	138.9	138.9			138.9
Other comprehensive (loss) income	18.1	18.1				18.1
Comprehensive income	157	157
Issuance of common stock under employee plans, net of tax withholding (in shares)			0.7
Issuance of common stock under employee plans, net of tax withholdings	(25.3)	(25.3)		(1.8)	(23.5)
Stock-based compensation	33.3	33.3		33.3
Ending balance (in shares) at Jul. 02, 2021			251.6
Ending balance at Jul. 02, 2021	$ 3,838.6	3,838.6	$ 0.3	1,873	2,077.2	(111.9)	0
Beginning balance (in shares) at Dec. 31, 2021	250.9		250.9
Beginning balance at Dec. 31, 2021	$ 3,944.7	3,944.7	$ 0.3	1,935.6	2,170.5	(161.7)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	110.3	110.3			110.3
Other comprehensive (loss) income	(2.2)	(2.2)				(2.2)
Comprehensive income	108.1	108.1
Issuance of common stock under employee plans, net of tax withholding (in shares)			0.7
Issuance of common stock under employee plans, net of tax withholdings	(2.4)	(2.4)		15.2	(17.6)
Stock repurchases (in shares)			(1.5)
Stock repurchases	(104.7)	(104.7)		(11.8)	(92.9)
Stock-based compensation	42.2	42.2		42.2
Ending balance (in shares) at Apr. 01, 2022			250.1
Ending balance at Apr. 01, 2022	$ 3,987.9	3,987.9	$ 0.3	1,981.2	2,170.3	(163.9)	0
Beginning balance (in shares) at Dec. 31, 2021	250.9		250.9
Beginning balance at Dec. 31, 2021	$ 3,944.7	3,944.7	$ 0.3	1,935.6	2,170.5	(161.7)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	278.3
Comprehensive income	$ 200.9
Ending balance (in shares) at Jul. 01, 2022	247.6		247.6
Ending balance at Jul. 01, 2022	$ 3,894.5	3,894.5	$ 0.2	1,987.7	2,145.7	(239.1)	0
Beginning balance (in shares) at Apr. 01, 2022			250.1
Beginning balance at Apr. 01, 2022	3,987.9	3,987.9	$ 0.3	1,981.2	2,170.3	(163.9)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	168	168			168
Other comprehensive (loss) income	(75.2)	(75.2)				(75.2)
Comprehensive income	92.8	92.8
Issuance of common stock under employee plans, net of tax withholding (in shares)			0.6
Issuance of common stock under employee plans, net of tax withholdings	(19.4)	(19.4)		(2.3)	(17.1)
Stock repurchases (in shares)			(3.1)
Stock repurchases	(200)	(200)	$ (0.1)	(24.4)	(175.5)
Stock-based compensation	$ 33.2	33.2		33.2
Ending balance (in shares) at Jul. 01, 2022	247.6		247.6
Ending balance at Jul. 01, 2022	$ 3,894.5	$ 3,894.5	$ 0.2	$ 1,987.7	$ 2,145.7	$ (239.1)	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements Of Cash Flows (unaudited) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021
Cash flow from operating activities:
Net income	$ 278.3	$ 253.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	20	20.8
Amortization expense	66.9	70.8
Deferred income taxes	(24.9)	(4.9)
Stock-based compensation	61.3	62.8
Divestitures gain, net	(97.1)	(24)
Other, net	12.6	3.6
(Increase) decrease in assets:
Accounts receivable, net	(1.5)	35.2
Inventories	(72.4)	(0.3)
Other current and non-current assets	(25.6)	(22.4)
Increase (decrease) in liabilities:
Accounts payable	(7.9)	39.2
Accrued compensation and benefits	(46.4)	6.3
Deferred revenue	67.3	3.9
Other current and non-current liabilities	(28.8)	(15.7)
Net cash provided by operating activities	201.8	428.8
Cash flow from investing activities:
Purchases of property and equipment	(28.5)	(21.4)
Net proceeds from sale of businesses	210.5	46
Net proceeds from sale of property and equipment	0.1	20.7
Other, net	(9.8)	(2.4)
Net cash provided by investing activities	172.3	42.9
Cash flow from financing activities:
Issuance of common stock, net of tax withholdings	(21.7)	(17.3)
Repurchases of common stock	(304.7)	(40)
Proceeds from debt and revolving credit lines	138.2	198.9
Payments on debt and revolving credit lines	(138.2)	(363.3)
Other, net	(8.9)	(1.4)
Net cash used in financing activities	(335.3)	(223.1)
Effect of exchange rate changes on cash and cash equivalents	(14.4)	(1.9)
Net increase in cash and cash equivalents	24.4	246.7
Cash and cash equivalents - beginning of period	325.7	237.7
Cash and cash equivalents - end of period	$ 350.1	$ 484.4

Overview And Accounting Policie

Overview And Accounting Policies	6 Months Ended
Overview And Accounting Policies	Jul. 01, 2022
Accounting Policies [Abstract]
Overview And Accounting Policies	OVERVIEW AND ACCOUNTING POLICIES Basis of Presentation The Condensed Consolidated Financial Statements include our results of our consolidated subsidiaries. Intercompany accounts and transactions have been eliminated. Noncontrolling interests represent the noncontrolling stockholders’ proportionate share of the net assets and results of operations of our consolidated subsidiaries. We use a 52- to 53-week year ending on the Friday nearest to December 31. Both 2022 and 2021 are 52-week years. The second quarter of 2022 and 2021 ended on July 1, 2022 and July 2, 2021. Unless otherwise stated, all dates refer to these periods. Use of Estimates We prepared our interim Condensed Consolidated Financial Statements that accompany these notes in conformity with U.S. GAAP, consistent in all material respects with those applied in our Form 10-K filed with the U.S. Securities and Exchange Commission on February 23, 2022 (the “2021 Form 10-K”). The interim financial information is unaudited, and reflects all normal adjustments that are, in our opinion, necessary to provide a fair statement of results for the interim periods presented. This report should be read in conjunction with our 2021 Form 10-K that includes additional information about our significant accounting policies and the methods and assumptions used in our estimates. The preparation of financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”) requires us to make estimates and assumptions that affect the amounts reported in the 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 (“SSP”) of performance obligations, provision for credit losses, sales returns reserve, inventory valuation, warranty costs, investments, acquired intangibles, goodwill and intangible asset impairment analysis, other long-lived asset impairment analysis, stock-based compensation, and income taxes. We base our estimates on historical experience and various other assumptions we believe to be reasonable. Actual results that we experience may differ materially from our estimates. Recently issued Accounting Pronouncements not yet Adopted There are no recently issued accounting pronouncements applicable to us not yet adopted. Recently Adopted Accounting Pronouncements

Stockholders' Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Jul. 01, 2022
Equity [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY Stock Repurchase Activities In August 2021, our Board of Directors approved a new share repurchase program (“2021 Stock Repurchase Program”) authorizing up to $750.0 million in repurchases of our common stock. Under the 2021 Stock Repurchase Program, the share repurchase authorization does not have an expiration date and supersedes and replaces the $600.0 million share repurchase authorization approved by our Board of Directors in November 2017 (“2017 Stock Repurchase Program”), of which $50.7 million was remaining and cancelled. Under the 2021 Stock Repurchase Program, we may repurchase shares from time to time through open market transactions, privately-negotiated transactions, accelerated stock repurchase plans, or by other means. The timing and actual number of any shares repurchased will depend on a variety of factors, including market conditions, our share price, other available uses of capital, applicable legal requirements, and other factors. The 2021 Stock Repurchase Program may be suspended, modified, or discontinued at any time at the Company’s discretion without notice. During the second quarter and first two quarters of 2022, we repurchased approximately 3.1 million and 4.6 million shares of common stock in open market purchases at an average price of $65.38 and $66.42 per share for a total of $200.0 million and $304.7 million under the 2021 Stock Repurchase Program. At the end of the second quarter of 2022, the 2021 Stock Repurchase Program had remaining authorized funds of $305.3 million.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	6 Months Ended
Intangible Assets and Goodwill	Jul. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	INTANGIBLE ASSETS AND GOODWILL Intangible Assets The following table presents a summary of our intangible assets: Second Quarter of 2022 Year End 2021 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying (In millions) Amount Amortization Amount Amount Amortization Amount Developed product technology $ 948.5 $ (729.3) $ 219.2 $ 1,011.9 $ (748.2) $ 263.7 Customer relationships 632.7 (427.0) 205.7 667.8 (428.9) 238.9 Trade names and trademarks 45.6 (38.6) 7.0 48.0 (45.0) 3.0 Distribution rights and other intellectual property 9.2 (8.2) 1.0 10.0 (9.0) 1.0 $ 1,636.0 $ (1,203.1) $ 432.9 $ 1,737.7 $ (1,231.1) $ 506.6 The estimated future amortization expense of intangible assets at the end of the second quarter of 2022 was as follows: (In millions) 2022 (Remaining) $ 58.4 2023 112.5 2024 89.1 2025 55.6 2026 49.3 Thereafter 68.0 Total $ 432.9 Goodwill The changes in the carrying amount of goodwill by segment for the first two quarters of 2022 were as follows: Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) Balance as of year end 2021 $ 2,141.4 $ 403.6 $ 440.8 $ 995.7 $ 3,981.5 Decrease from the sale of businesses (23.9) (6.9) — (6.9) (37.7) Foreign currency translation and other adjustments (33.8) (11.4) (8.5) (4.1) (57.8) Balance as of the end of the second quarter of 2022 $ 2,083.7 $ 385.3 $ 432.3 $ 984.7 $ 3,886.0

Divestitures

Divestitures	6 Months Ended
Divestitures	Jul. 01, 2022
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	DIVESTITURES In May 2022, we completed the sale of the Time and Frequency, LOADRITE, Spectra Precision Tools, and SECO accessories businesses to Precisional LLC, an affiliate of The Jordan Company (“TJC”), for $204.1 million in cash, subject to a working capital adjustment. These businesses are reported as part of our Buildings and Infrastructure and Geospatial segments. Upon the closing of the transaction, we recognized a pre-tax gain of $105.7 million and wrote off $98.4 million of net assets primarily comprised of $40.6 million of inventory, $25.4 million of accounts receivable, and $30.8 million of goodwill. In connection with the sale of these businesses, we and TJC entered into a transition services agreement (“TSA”) for us to provide certain services to TJC on a cost-reimbursement basis. The costs and reimbursements associated with the TSA were immaterial for the second quarter of 2022.

Inventories

Inventories	6 Months Ended
Inventories	Jul. 01, 2022
Inventory, Net [Abstract]
Inventories	INVENTORIES The components of inventory, net were as follows: Second Quarter of Year End As of 2022 2021 (In millions) Raw materials $ 127.6 $ 129.6 Work-in-process 9.9 12.4 Finished goods 234.2 221.3 Total inventories $ 371.7 $ 363.3

Segment Information

Segment Information	6 Months Ended
Segment Information	Jul. 01, 2022
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION We determined our operating segments based on how our Chief Operating Decision Maker (“CODM”) views and evaluates operations. Our 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, and government. • 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 and freight shipper markets. The following Reporting Segment tables reflect the results of our reportable operating segments under our management reporting system. These results are not necessarily in conformity with U.S. GAAP. This is consistent with the way the CODM evaluates each of the segment's performance and allocates resources. Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) Second Quarter of 2022 Segment revenue $ 382.6 $ 193.7 $ 214.8 $ 150.1 $ 941.2 Segment operating income 101.4 57.8 73.0 11.8 244.0 Depreciation expense 1.6 1.5 1.4 0.9 5.4 Second Quarter of 2021 Segment revenue $ 364.8 $ 219.7 $ 197.5 $ 163.3 $ 945.3 Segment operating income 104.1 66.1 70.5 12.8 253.5 Depreciation expense 1.8 1.8 1.5 1.1 6.2 First Two Quarters of 2022 Segment revenue $ 780.2 $ 401.2 $ 444.7 $ 308.8 $ 1,934.9 Segment operating income 222.1 115.7 148.1 21.0 506.9 Depreciation expense 3.2 3.1 2.9 1.9 11.1 First Two Quarters of 2021 Segment revenue $ 707.9 $ 401.4 $ 402.7 $ 320.0 $ 1,832.0 Segment operating income 200.5 114.8 150.6 21.2 487.1 Depreciation expense 3.6 3.5 3.0 2.0 12.1 Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) As of the end of the Second Quarter of 2022 Accounts receivable, net $ 214.6 $ 108.8 $ 119.5 $ 146.4 $ 589.3 Inventories 74.8 137.3 86.6 73.0 371.7 Goodwill 2,083.7 385.3 432.3 984.7 3,886.0 As of Year End 2021 Accounts receivable, net $ 246.8 $ 134.0 $ 112.9 $ 131.1 $ 624.8 Inventories 79.3 136.4 67.4 80.2 363.3 Goodwill 2,141.4 403.6 440.8 995.7 3,981.5 A reconciliation of our condensed consolidated segment operating income to condensed consolidated income before income taxes was as follows: Second Quarter of First Two Quarters of 2022 2021 2022 2021 (In millions) Consolidated segment operating income $ 244.0 $ 253.5 $ 506.9 $ 487.1 Unallocated general corporate expenses (33.3) (24.9) (63.1) (49.3) Purchase accounting adjustments (32.3) (34.0) (66.9) (68.8) Acquisition / divestiture items (7.3) (6.6) (11.2) (10.1) Stock-based compensation / deferred compensation (26.2) (38.3) (51.2) (67.0) Restructuring and other costs (10.0) (4.9) (22.7) (6.2) Consolidated operating income 134.9 144.8 291.8 285.7 Total non-operating income, net 86.7 17.6 68.3 14.1 Consolidated income before taxes $ 221.6 $ 162.4 $ 360.1 $ 299.8 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 is consistent with the Reporting Segment tables above. Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) Second Quarter of 2022 North America $ 242.9 $ 87.9 $ 64.3 $ 117.8 $ 512.9 Europe 84.0 61.3 97.7 18.4 261.4 Asia Pacific 49.9 32.8 13.5 7.6 103.8 Rest of World 5.8 11.7 39.3 6.3 63.1 Total segment revenue $ 382.6 $ 193.7 $ 214.8 $ 150.1 $ 941.2 Second Quarter of 2021 North America $ 212.2 $ 97.2 $ 60.4 $ 123.3 $ 493.1 Europe 101.0 72.2 93.6 25.1 291.9 Asia Pacific 45.8 39.5 15.1 7.6 108.0 Rest of World 5.8 10.8 28.4 7.3 52.3 Total segment revenue $ 364.8 $ 219.7 $ 197.5 $ 163.3 $ 945.3 First Two Quarters of 2022 North America $ 474.8 $ 171.3 $ 123.3 $ 241.9 $ 1,011.3 Europe 196.3 132.5 211.7 40.1 580.6 Asia Pacific 96.8 74.8 32.7 15.0 219.3 Rest of World 12.3 22.6 77.0 11.8 123.7 Total segment revenue $ 780.2 $ 401.2 $ 444.7 $ 308.8 $ 1,934.9 First Two Quarters of 2021 North America $ 412.0 $ 169.7 $ 114.0 $ 247.8 $ 943.5 Europe 195.3 132.6 199.4 44.8 572.1 Asia Pacific 89.4 77.0 36.1 15.3 217.8 Rest of World 11.2 22.1 53.2 12.1 98.6 Total segment revenue $ 707.9 $ 401.4 $ 402.7 $ 320.0 $ 1,832.0 Total revenue in the United States as included in the Condensed Consolidated Statements of Income wa s $467.4 million and $443.3 million for the second quarter of 2022 and 2021, and $914.4 million and $850.1 million for the first two quarters of 2022 and 2021. No single customer or country other than the

Debt

Debt	6 Months Ended
Debt	Jul. 01, 2022
Debt Disclosure [Abstract]
Debt	DEBT Debt consisted of the following: Second Quarter of Year End Instrument Date of Issuance 2022 2021 (In millions) Effective interest rate Senior Notes: 2023 Senior Notes, 4.15%, due June 2023 June 2018 4.36% $ 300.0 $ 300.0 2024 Senior Notes, 4.75%, due December 2024 November 2014 4.95% 400.0 400.0 2028 Senior Notes, 4.90%, due June 2028 June 2018 5.04% 600.0 600.0 Unamortized discount and issuance costs (5.9) (6.8) Total debt $ 1,294.1 $ 1,293.2 Less: Short-term debt 300.0 — Long-term debt $ 994.1 $ 1,293.2 Each of our debt agreements, including our credit facilities, requires us to maintain compliance with certain debt covenants, all of which we complied with at the end of the second quarter of 2022. Debt Maturities At the end of the second quarter of 2022, our debt maturities based on outstanding principal were as follows (in millions): Year Payable 2022 (Remaining) $ — 2023 300.0 2024 400.0 2025 — 2026 — Thereafter 600.0 Total $ 1,300.0 Senior Notes All of our senior notes are unsecured obligations. Interest on the senior notes is payable semi-annually in June and December of each year. Additional details are unchanged from the information disclosed in Note 6, “Debt” of the 2021 Form 10-K. Credit Facilities In March 2022, we entered into a credit agreement (the “2022 Credit Facility”) maturing in March 2027. The 2022 Credit Facility provides for a five-year, Uncommitted Facilities At the end of the second quarter of 2022, we had two $75.0 million, one €100.0 million, and one £55.0 million revolving credit facilities, which are uncommitted (the “uncommitted facilities”). Generally, these uncommitted facilities may be redeemed upon demand. Borrowings under uncommitted facilities are classified as short-term debt in the Condensed Consolidated Balance Sheet.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jul. 01, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS The following table summarizes the fair values of financial instruments at fair value on a recurring basis for the periods indicated and determined using the following inputs: Fair Values as of the end of the Second Quarter of 2022 Fair Values at the end of 2021 Quoted prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Quoted prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (In millions) (Level I) (Level II) (Level III) Total (Level I) (Level II) (Level III) Total Assets Deferred compensation plan (1) $ 33.4 $ — $ — $ 33.4 $ 44.7 $ — $ — $ 44.7 Derivatives (2) — 0.7 — 0.7 — 0.1 — 0.1 Total assets measured at fair value $ 33.4 $ 0.7 $ — $ 34.1 $ 44.7 $ 0.1 $ — $ 44.8 Liabilities Deferred compensation plan (1) $ 33.4 $ — $ — $ 33.4 $ 44.7 $ — $ — $ 44.7 Derivatives (2) — 0.1 — 0.1 — 0.2 — 0.2 Contingent consideration (3) — — — — — — 12.8 12.8 Total liabilities measured at fair value $ 33.4 $ 0.1 $ — $ 33.5 $ 44.7 $ 0.2 $ 12.8 $ 57.7 (1) Represents a self-directed, non-qualified deferred compensation plan for certain executives and other highly compensated employees included in Other non-current assets and Other non-current liabilities on our Condensed Consolidated Balance Sheets. The plan is invested in actively traded mutual funds and individual stocks valued using observable quoted prices in active markets. (2) Represents forward currency exchange contracts that are included in Other current assets and Other current liabilities on our Condensed Consolidated Balance Sheets. (3) Represents arrangements to pay the former owners of certain companies that we acquired that are included in Other current liabilities on our Condensed Consolidated Balance Sheets. 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 $1.3 billion and $1.4 billion at the end of the second quarter of 2022 and at the end of 2021 . 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. The fair values do not indicate the amount we would currently have to pay to extinguish the debt.

Deferred Revenue And Remaining

Deferred Revenue And Remaining Performance Obligations	6 Months Ended
Deferred Revenue And Remaining Performance Obligations	Jul. 01, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue And Remaining Performance Obligations	DEFERRED REVENUE AND REMAINING PERFORMANCE OBLIGATIONS Deferred Revenue Changes in our deferred revenue during the second quarter and first two quarters of 2022 and 2021 were as follows: Second Quarter of First Two Quarters of (In millions) 2022 2021 2022 2021 Beginning balance of the period $ 703.9 $ 618.9 $ 631.8 $ 613.8 Revenue recognized (127.2) (132.4) (361.8) (379.6) Billing and other net activities 108.5 119.6 415.2 371.9 Ending balance of the period $ 685.2 $ 606.1 $ 685.2 $ 606.1 Remaining Performance Obligations At the end of the second quarter of 2022, approximately $1.6 billion of revenue is expected to be recognized from remaining performance obligations for which goods or services have not been delivered, primarily subscription, software, and software maintenance, and to a lesser extent, hardware and professional services contracts. We expect to recognize $1.2 billion or 74% of our remaining performance obligations as revenue during the next 12 months and the remainder thereafter.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jul. 01, 2022
Earnings Per Share [Abstract]
Earnings Per Share	EARNINGS PER SHARE Basic earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period plus additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. Potentially dilutive common shares include outstanding stock options, restricted stock units, contingently issuable shares, and shares to be purchased under our employee stock purchase plan. The following table shows the computation of basic and diluted earnings per share: Second Quarter of First Two Quarters of 2022 2021 2022 2021 (In millions, except per share amounts) Numerator: Net income attributable to Trimble Inc. $ 168.0 $ 138.9 $ 278.3 $ 253.4 Denominator: Weighted-average number of common shares used in basic earnings per share 249.2 251.5 250.0 251.3 Effect of dilutive securities 1.5 2.7 1.7 2.9 Weighted-average number of common shares and dilutive potential common shares used in diluted earnings per share 250.7 254.2 251.7 254.2 Basic earnings per share $ 0.67 $ 0.55 $ 1.11 $ 1.01 Diluted earnings per share $ 0.67 $ 0.55 $ 1.11 $ 1.00 Antidilutive weighted-average shares 2.1 0.1 1.5 0.2 Antidilutive stock-based awards are excluded from the calculation of diluted shares and diluted earnings per share because their impact would increase diluted earnings per share.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jul. 01, 2022
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES For the second quarter, our effective income tax rate was 24.2%, as compared to 14.5% in the prior year. For the first two quarters, our effective income tax rate was 22.7%, as compared to 15.4% in the prior year. The increases were primarily associated with current quarter divestiture gains and a prior year rate decrease due to a one-time tax benefit from a foreign deferred tax asset. We and our subsidiaries are subject to U.S. federal, state, and foreign income taxes. Currently, we are in different stages of multiple year examinations by various state and foreign taxing authorities. While we believe our reserves are more likely than not to be adequate to cover final resolution of all open tax matters, it is reasonably possible that future obligations related to these matters could arise.

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
Commitment and Contingencies	Jul. 01, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitment and Contingencies	COMMITMENTS AND CONTINGENCIES Commitments At the end of the second quarter of 2022, we had unconditional purchase obligations of approximately $685.1 million. These unconditional purchase obligations primarily represent open non-cancellable purchase orders for material purchases with our vendors and investments in our platform associated with our Connect and Scale strategy. Litigation From time to time, we are involved in litigation arising in the ordinary course of our business. There are no material legal proceedings, other than ordinary routine litigation incidental to the business, that we or any of our subsidiaries is a party, or that any of our or our subsidiaries’ property is subject.

Overview And Accounting Polic_2

Overview And Accounting Policies (Policies)	6 Months Ended
Overview And Accounting Policies (Policies)	Jul. 01, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Condensed Consolidated Financial Statements include our results of our consolidated subsidiaries. Intercompany accounts and transactions have been eliminated. Noncontrolling interests represent the noncontrolling stockholders’ proportionate share of the net assets and results of operations of our consolidated subsidiaries. We use a 52- to 53-week year ending on the Friday nearest to December 31. Both 2022 and 2021 are 52-week years. The second quarter of 2022 and 2021 ended on July 1, 2022 and July 2, 2021. Unless otherwise stated, all dates refer to these periods.
Use of Estimates	Use of Estimates We prepared our interim Condensed Consolidated Financial Statements that accompany these notes in conformity with U.S. GAAP, consistent in all material respects with those applied in our Form 10-K filed with the U.S. Securities and Exchange Commission on February 23, 2022 (the “2021 Form 10-K”). The interim financial information is unaudited, and reflects all normal adjustments that are, in our opinion, necessary to provide a fair statement of results for the interim periods presented. This report should be read in conjunction with our 2021 Form 10-K that includes additional information about our significant accounting policies and the methods and assumptions used in our estimates. The preparation of financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”) requires us to make estimates and assumptions that affect the amounts reported in the 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 (“SSP”) of performance obligations, provision for credit losses, sales returns reserve, inventory valuation, warranty costs, investments, acquired intangibles, goodwill and intangible asset impairment analysis, other long-lived asset impairment analysis, stock-based compensation, and income taxes. We base our estimates on historical experience and various other assumptions we believe to be reasonable. Actual results that we experience may differ materially from our estimates.
Recently Adopted Accounting Pronouncements	Recently issued Accounting Pronouncements not yet Adopted There are no recently issued accounting pronouncements applicable to us not yet adopted. Recently Adopted Accounting Pronouncements

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	6 Months Ended
Intangible Assets and Goodwill (Tables)	Jul. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	The following table presents a summary of our intangible assets: Second Quarter of 2022 Year End 2021 Gross Gross Carrying Accumulated Net Carrying Carrying Accumulated Net Carrying (In millions) Amount Amortization Amount Amount Amortization Amount Developed product technology $ 948.5 $ (729.3) $ 219.2 $ 1,011.9 $ (748.2) $ 263.7 Customer relationships 632.7 (427.0) 205.7 667.8 (428.9) 238.9 Trade names and trademarks 45.6 (38.6) 7.0 48.0 (45.0) 3.0 Distribution rights and other intellectual property 9.2 (8.2) 1.0 10.0 (9.0) 1.0 $ 1,636.0 $ (1,203.1) $ 432.9 $ 1,737.7 $ (1,231.1) $ 506.6
Schedule of Estimated Future Amortization Expense	The estimated future amortization expense of intangible assets at the end of the second quarter of 2022 was as follows: (In millions) 2022 (Remaining) $ 58.4 2023 112.5 2024 89.1 2025 55.6 2026 49.3 Thereafter 68.0 Total $ 432.9
Schedule of Changes in Carrying Amount of Goodwill by Operating Segment	The changes in the carrying amount of goodwill by segment for the first two quarters of 2022 were as follows: Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) Balance as of year end 2021 $ 2,141.4 $ 403.6 $ 440.8 $ 995.7 $ 3,981.5 Decrease from the sale of businesses (23.9) (6.9) — (6.9) (37.7) Foreign currency translation and other adjustments (33.8) (11.4) (8.5) (4.1) (57.8) Balance as of the end of the second quarter of 2022 $ 2,083.7 $ 385.3 $ 432.3 $ 984.7 $ 3,886.0

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jul. 01, 2022
Inventory, Net [Abstract]
Schedule of Components of Net Inventories	The components of inventory, net were as follows: Second Quarter of Year End As of 2022 2021 (In millions) Raw materials $ 127.6 $ 129.6 Work-in-process 9.9 12.4 Finished goods 234.2 221.3 Total inventories $ 371.7 $ 363.3

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Jul. 01, 2022
Segment Reporting [Abstract]
Schedule of Revenue, Operating Income and Identifiable Assets by Segment	Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) Second Quarter of 2022 Segment revenue $ 382.6 $ 193.7 $ 214.8 $ 150.1 $ 941.2 Segment operating income 101.4 57.8 73.0 11.8 244.0 Depreciation expense 1.6 1.5 1.4 0.9 5.4 Second Quarter of 2021 Segment revenue $ 364.8 $ 219.7 $ 197.5 $ 163.3 $ 945.3 Segment operating income 104.1 66.1 70.5 12.8 253.5 Depreciation expense 1.8 1.8 1.5 1.1 6.2 First Two Quarters of 2022 Segment revenue $ 780.2 $ 401.2 $ 444.7 $ 308.8 $ 1,934.9 Segment operating income 222.1 115.7 148.1 21.0 506.9 Depreciation expense 3.2 3.1 2.9 1.9 11.1 First Two Quarters of 2021 Segment revenue $ 707.9 $ 401.4 $ 402.7 $ 320.0 $ 1,832.0 Segment operating income 200.5 114.8 150.6 21.2 487.1 Depreciation expense 3.6 3.5 3.0 2.0 12.1 Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) As of the end of the Second Quarter of 2022 Accounts receivable, net $ 214.6 $ 108.8 $ 119.5 $ 146.4 $ 589.3 Inventories 74.8 137.3 86.6 73.0 371.7 Goodwill 2,083.7 385.3 432.3 984.7 3,886.0 As of Year End 2021 Accounts receivable, net $ 246.8 $ 134.0 $ 112.9 $ 131.1 $ 624.8 Inventories 79.3 136.4 67.4 80.2 363.3 Goodwill 2,141.4 403.6 440.8 995.7 3,981.5
Reconciliation of Our Condensed Consolidated Segment Operating Income to Condensed Consolidated Income Before Income Taxes	A reconciliation of our condensed consolidated segment operating income to condensed consolidated income before income taxes was as follows: Second Quarter of First Two Quarters of 2022 2021 2022 2021 (In millions) Consolidated segment operating income $ 244.0 $ 253.5 $ 506.9 $ 487.1 Unallocated general corporate expenses (33.3) (24.9) (63.1) (49.3) Purchase accounting adjustments (32.3) (34.0) (66.9) (68.8) Acquisition / divestiture items (7.3) (6.6) (11.2) (10.1) Stock-based compensation / deferred compensation (26.2) (38.3) (51.2) (67.0) Restructuring and other costs (10.0) (4.9) (22.7) (6.2) Consolidated operating income 134.9 144.8 291.8 285.7 Total non-operating income, net 86.7 17.6 68.3 14.1 Consolidated income before taxes $ 221.6 $ 162.4 $ 360.1 $ 299.8
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	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 is consistent with the Reporting Segment tables above. Reporting Segments Buildings and Infrastructure Geospatial Resources and Utilities Transportation Total (In millions) Second Quarter of 2022 North America $ 242.9 $ 87.9 $ 64.3 $ 117.8 $ 512.9 Europe 84.0 61.3 97.7 18.4 261.4 Asia Pacific 49.9 32.8 13.5 7.6 103.8 Rest of World 5.8 11.7 39.3 6.3 63.1 Total segment revenue $ 382.6 $ 193.7 $ 214.8 $ 150.1 $ 941.2 Second Quarter of 2021 North America $ 212.2 $ 97.2 $ 60.4 $ 123.3 $ 493.1 Europe 101.0 72.2 93.6 25.1 291.9 Asia Pacific 45.8 39.5 15.1 7.6 108.0 Rest of World 5.8 10.8 28.4 7.3 52.3 Total segment revenue $ 364.8 $ 219.7 $ 197.5 $ 163.3 $ 945.3 First Two Quarters of 2022 North America $ 474.8 $ 171.3 $ 123.3 $ 241.9 $ 1,011.3 Europe 196.3 132.5 211.7 40.1 580.6 Asia Pacific 96.8 74.8 32.7 15.0 219.3 Rest of World 12.3 22.6 77.0 11.8 123.7 Total segment revenue $ 780.2 $ 401.2 $ 444.7 $ 308.8 $ 1,934.9 First Two Quarters of 2021 North America $ 412.0 $ 169.7 $ 114.0 $ 247.8 $ 943.5 Europe 195.3 132.6 199.4 44.8 572.1 Asia Pacific 89.4 77.0 36.1 15.3 217.8 Rest of World 11.2 22.1 53.2 12.1 98.6 Total segment revenue $ 707.9 $ 401.4 $ 402.7 $ 320.0 $ 1,832.0

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jul. 01, 2022
Debt Disclosure [Abstract]
Schedule Of Debt	Debt consisted of the following: Second Quarter of Year End Instrument Date of Issuance 2022 2021 (In millions) Effective interest rate Senior Notes: 2023 Senior Notes, 4.15%, due June 2023 June 2018 4.36% $ 300.0 $ 300.0 2024 Senior Notes, 4.75%, due December 2024 November 2014 4.95% 400.0 400.0 2028 Senior Notes, 4.90%, due June 2028 June 2018 5.04% 600.0 600.0 Unamortized discount and issuance costs (5.9) (6.8) Total debt $ 1,294.1 $ 1,293.2 Less: Short-term debt 300.0 — Long-term debt $ 994.1 $ 1,293.2
Schedule of Maturities of Long-term Debt	At the end of the second quarter of 2022, our debt maturities based on outstanding principal were as follows (in millions): Year Payable 2022 (Remaining) $ — 2023 300.0 2024 400.0 2025 — 2026 — Thereafter 600.0 Total $ 1,300.0

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jul. 01, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value On a Recurring Basis	The following table summarizes the fair values of financial instruments at fair value on a recurring basis for the periods indicated and determined using the following inputs: Fair Values as of the end of the Second Quarter of 2022 Fair Values at the end of 2021 Quoted prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Quoted prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (In millions) (Level I) (Level II) (Level III) Total (Level I) (Level II) (Level III) Total Assets Deferred compensation plan (1) $ 33.4 $ — $ — $ 33.4 $ 44.7 $ — $ — $ 44.7 Derivatives (2) — 0.7 — 0.7 — 0.1 — 0.1 Total assets measured at fair value $ 33.4 $ 0.7 $ — $ 34.1 $ 44.7 $ 0.1 $ — $ 44.8 Liabilities Deferred compensation plan (1) $ 33.4 $ — $ — $ 33.4 $ 44.7 $ — $ — $ 44.7 Derivatives (2) — 0.1 — 0.1 — 0.2 — 0.2 Contingent consideration (3) — — — — — — 12.8 12.8 Total liabilities measured at fair value $ 33.4 $ 0.1 $ — $ 33.5 $ 44.7 $ 0.2 $ 12.8 $ 57.7 (1) Represents a self-directed, non-qualified deferred compensation plan for certain executives and other highly compensated employees included in Other non-current assets and Other non-current liabilities on our Condensed Consolidated Balance Sheets. The plan is invested in actively traded mutual funds and individual stocks valued using observable quoted prices in active markets. (2) Represents forward currency exchange contracts that are included in Other current assets and Other current liabilities on our Condensed Consolidated Balance Sheets.

Deferred Revenue And Remainin_2

Deferred Revenue And Remaining Performance Obligations (Tables)	6 Months Ended
	Jul. 01, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Schedule of Deferred Revenue and Performance Obligations	Changes in our deferred revenue during the second quarter and first two quarters of 2022 and 2021 were as follows: Second Quarter of First Two Quarters of (In millions) 2022 2021 2022 2021 Beginning balance of the period $ 703.9 $ 618.9 $ 631.8 $ 613.8 Revenue recognized (127.2) (132.4) (361.8) (379.6) Billing and other net activities 108.5 119.6 415.2 371.9 Ending balance of the period $ 685.2 $ 606.1 $ 685.2 $ 606.1

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jul. 01, 2022
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: Second Quarter of First Two Quarters of 2022 2021 2022 2021 (In millions, except per share amounts) Numerator: Net income attributable to Trimble Inc. $ 168.0 $ 138.9 $ 278.3 $ 253.4 Denominator: Weighted-average number of common shares used in basic earnings per share 249.2 251.5 250.0 251.3 Effect of dilutive securities 1.5 2.7 1.7 2.9 Weighted-average number of common shares and dilutive potential common shares used in diluted earnings per share 250.7 254.2 251.7 254.2 Basic earnings per share $ 0.67 $ 0.55 $ 1.11 $ 1.01 Diluted earnings per share $ 0.67 $ 0.55 $ 1.11 $ 1.00 Antidilutive weighted-average shares 2.1 0.1 1.5 0.2

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($)	3 Months Ended				6 Months Ended
Stockholders' Equity (Narrative) (Details) - USD ($)	Jul. 01, 2022	Apr. 01, 2022	Jul. 02, 2021	Apr. 02, 2021	Jul. 01, 2022	Jul. 02, 2021	Aug. 31, 2021
Equity, Class of Stock [Line Items]
Stock repurchases	$ 200,000,000	$ 104,700,000		$ 40,000,000
Two Thousand Twenty One Stock Repurchased Program
Equity, Class of Stock [Line Items]
Stock repurchase program approved amount							$ 750,000,000
Two Thousand Seventeen Stock Repurchase Program
Equity, Class of Stock [Line Items]
Remaining amount authorized							50,700,000
Maximum \| Two Thousand Seventeen Stock Repurchase Program
Equity, Class of Stock [Line Items]
Stock repurchase program approved amount							$ 600,000,000
Open Market Purchases \| Two Thousand Twenty One Stock Repurchased Program
Equity, Class of Stock [Line Items]
Remaining amount authorized	$ 305,300,000				$ 305,300,000
Stock repurchased (in shares)	3,100,000				4,600,000
Shares repurchased (in usd per share)	$ 65.38				$ 66.42
Stock repurchases	$ 200,000,000				$ 304,700,000
Open Market Purchases \| Two Thousand Seventeen Stock Repurchase Program
Equity, Class of Stock [Line Items]
Stock repurchased (in shares)			0			600,000
Shares repurchased (in usd per share)						$ 71.24
Stock repurchases						$ 40,000,000

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Schedule Of Intangible Assets) (Details) - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 1,636	$ 1,737.7
Accumulated amortization	(1,203.1)	(1,231.1)
Total	432.9	506.6
Developed product technology
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	948.5	1,011.9
Accumulated amortization	(729.3)	(748.2)
Total	219.2	263.7
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	632.7	667.8
Accumulated amortization	(427)	(428.9)
Total	205.7	238.9
Trade names and trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	45.6	48
Accumulated amortization	(38.6)	(45)
Total	7	3
Distribution rights and other intellectual property
Acquired Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	9.2	10
Accumulated amortization	(8.2)	(9)
Total	$ 1	$ 1

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill (Schedule Of Estimated Future Amortization Expense) (Details) - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (Remaining)	$ 58.4
2023	112.5
2024	89.1
2025	55.6
2026	49.3
Thereafter	68
Total	$ 432.9	$ 506.6

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill (Changes In Carrying Amount Of Goodwill By Operating Segment) (Details) $ in Millions	6 Months Ended
	Jul. 01, 2022 USD ($)
Goodwill [Roll Forward]
Balance as of year end 2021	$ 3,981.5
Decrease from the sale of businesses	(37.7)
Foreign currency translation and other adjustments	(57.8)
Balance as of the end of the second quarter of 2022	3,886
Buildings and Infrastructure
Goodwill [Roll Forward]
Balance as of year end 2021	2,141.4
Decrease from the sale of businesses	(23.9)
Foreign currency translation and other adjustments	(33.8)
Balance as of the end of the second quarter of 2022	2,083.7
Geospatial
Goodwill [Roll Forward]
Balance as of year end 2021	403.6
Decrease from the sale of businesses	(6.9)
Foreign currency translation and other adjustments	(11.4)
Balance as of the end of the second quarter of 2022	385.3
Resources and Utilities
Goodwill [Roll Forward]
Balance as of year end 2021	440.8
Decrease from the sale of businesses	0
Foreign currency translation and other adjustments	(8.5)
Balance as of the end of the second quarter of 2022	432.3
Transportation
Goodwill [Roll Forward]
Balance as of year end 2021	995.7
Decrease from the sale of businesses	(6.9)
Foreign currency translation and other adjustments	(4.1)
Balance as of the end of the second quarter of 2022	$ 984.7

Divestitures (Narrative) (Detai

Divestitures (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
Divestitures (Narrative) (Details) - USD ($) $ in Millions	May 30, 2022	Jul. 01, 2022	Jul. 02, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sale of businesses		$ 210.5	$ 46
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sale of businesses	$ 204.1
Pre-tax gain on disposal	105.7
Divestitures of net assets	98.4
Divestitures of inventory	40.6
Divestitures of accounts receivable	25.4
Divestitures of goodwill	$ 30.8

Inventories (Components Of Net

Inventories (Components Of Net Inventories) (Details) - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Inventory, Net [Abstract]
Raw materials	$ 127.6	$ 129.6
Work-in-process	9.9	12.4
Finished goods	234.2	221.3
Total inventories	$ 371.7	$ 363.3

Segment Information (Schedule O

Segment Information (Schedule Of Revenue, Operating Income And Identifiable Assets By Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Segment Reporting Information [Line Items]
Segment operating income	$ 134.9	$ 144.8	$ 291.8	$ 285.7
Depreciation expense			20	20.8
Operating segment
Segment Reporting Information [Line Items]
Segment revenue	941.2	945.3	1,934.9	1,832
Segment operating income	244	253.5	506.9	487.1
Depreciation expense	5.4	6.2	11.1	12.1
Buildings and Infrastructure \| Operating segment
Segment Reporting Information [Line Items]
Segment revenue	382.6	364.8	780.2	707.9
Segment operating income	101.4	104.1	222.1	200.5
Depreciation expense	1.6	1.8	3.2	3.6
Geospatial \| Operating segment
Segment Reporting Information [Line Items]
Segment revenue	193.7	219.7	401.2	401.4
Segment operating income	57.8	66.1	115.7	114.8
Depreciation expense	1.5	1.8	3.1	3.5
Resources and Utilities \| Operating segment
Segment Reporting Information [Line Items]
Segment revenue	214.8	197.5	444.7	402.7
Segment operating income	73	70.5	148.1	150.6
Depreciation expense	1.4	1.5	2.9	3
Transportation \| Operating segment
Segment Reporting Information [Line Items]
Segment revenue	150.1	163.3	308.8	320
Segment operating income	11.8	12.8	21	21.2
Depreciation expense	$ 0.9	$ 1.1	$ 1.9	$ 2

Segment Information (Segment Se

Segment Information (Segment Select Balance Sheet) (Details) - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Accounts receivable, net	$ 589.3	$ 624.8
Inventories	371.7	363.3
Goodwill	3,886	3,981.5
Buildings and Infrastructure
Segment Reporting Information [Line Items]
Accounts receivable, net	214.6	246.8
Inventories	74.8	79.3
Goodwill	2,083.7	2,141.4
Geospatial
Segment Reporting Information [Line Items]
Accounts receivable, net	108.8	134
Inventories	137.3	136.4
Goodwill	385.3	403.6
Resources and Utilities
Segment Reporting Information [Line Items]
Accounts receivable, net	119.5	112.9
Inventories	86.6	67.4
Goodwill	432.3	440.8
Transportation
Segment Reporting Information [Line Items]
Accounts receivable, net	146.4	131.1
Inventories	73	80.2
Goodwill	$ 984.7	$ 995.7

Segment Information (Reconcilia

Segment Information (Reconciliation Of Our Condensed Consolidated Segment Operating Income To Condensed Consolidated Income Before Income Taxes) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated operating income	$ 134.9	$ 144.8	$ 291.8	$ 285.7
Unallocated general corporate expenses	(402.6)	(380.6)	(795.3)	(733)
Purchase accounting adjustments	(32.3)	(34)	(66.9)	(68.8)
Acquisition / divestiture items	(7.3)	(6.6)	(11.2)	(10.1)
Stock-based compensation / deferred compensation	(26.2)	(38.3)	(51.2)	(67)
Restructuring and other costs	(10)	(4.9)	(22.7)	(6.2)
Total non-operating income, net	86.7	17.6	68.3	14.1
Consolidated income before taxes	221.6	162.4	360.1	299.8
Operating segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Consolidated operating income	244	253.5	506.9	487.1
Non-Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Unallocated general corporate expenses	$ (33.3)	$ (24.9)	$ (63.1)	$ (49.3)

Segment Information (Segment Re

Segment Information (Segment Revenue by Geographic Areas) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Operating segment
Segment Reporting Information [Line Items]
Revenue	$ 941.2	$ 945.3	$ 1,934.9	$ 1,832
North America \| Operating segment
Segment Reporting Information [Line Items]
Revenue	512.9	493.1	1,011.3	943.5
Europe \| Operating segment
Segment Reporting Information [Line Items]
Revenue	261.4	291.9	580.6	572.1
Asia Pacific \| Operating segment
Segment Reporting Information [Line Items]
Revenue	103.8	108	219.3	217.8
Rest of World \| Operating segment
Segment Reporting Information [Line Items]
Revenue	63.1	52.3	123.7	98.6
United States
Segment Reporting Information [Line Items]
Revenue	467.4	443.3	914.4	850.1
Buildings and Infrastructure \| Operating segment
Segment Reporting Information [Line Items]
Revenue	382.6	364.8	780.2	707.9
Buildings and Infrastructure \| North America \| Operating segment
Segment Reporting Information [Line Items]
Revenue	242.9	212.2	474.8	412
Buildings and Infrastructure \| Europe \| Operating segment
Segment Reporting Information [Line Items]
Revenue	84	101	196.3	195.3
Buildings and Infrastructure \| Asia Pacific \| Operating segment
Segment Reporting Information [Line Items]
Revenue	49.9	45.8	96.8	89.4
Buildings and Infrastructure \| Rest of World \| Operating segment
Segment Reporting Information [Line Items]
Revenue	5.8	5.8	12.3	11.2
Geospatial \| Operating segment
Segment Reporting Information [Line Items]
Revenue	193.7	219.7	401.2	401.4
Geospatial \| North America \| Operating segment
Segment Reporting Information [Line Items]
Revenue	87.9	97.2	171.3	169.7
Geospatial \| Europe \| Operating segment
Segment Reporting Information [Line Items]
Revenue	61.3	72.2	132.5	132.6
Geospatial \| Asia Pacific \| Operating segment
Segment Reporting Information [Line Items]
Revenue	32.8	39.5	74.8	77
Geospatial \| Rest of World \| Operating segment
Segment Reporting Information [Line Items]
Revenue	11.7	10.8	22.6	22.1
Resources and Utilities \| Operating segment
Segment Reporting Information [Line Items]
Revenue	214.8	197.5	444.7	402.7
Resources and Utilities \| North America \| Operating segment
Segment Reporting Information [Line Items]
Revenue	64.3	60.4	123.3	114
Resources and Utilities \| Europe \| Operating segment
Segment Reporting Information [Line Items]
Revenue	97.7	93.6	211.7	199.4
Resources and Utilities \| Asia Pacific \| Operating segment
Segment Reporting Information [Line Items]
Revenue	13.5	15.1	32.7	36.1
Resources and Utilities \| Rest of World \| Operating segment
Segment Reporting Information [Line Items]
Revenue	39.3	28.4	77	53.2
Transportation \| Operating segment
Segment Reporting Information [Line Items]
Revenue	150.1	163.3	308.8	320
Transportation \| North America \| Operating segment
Segment Reporting Information [Line Items]
Revenue	117.8	123.3	241.9	247.8
Transportation \| Europe \| Operating segment
Segment Reporting Information [Line Items]
Revenue	18.4	25.1	40.1	44.8
Transportation \| Asia Pacific \| Operating segment
Segment Reporting Information [Line Items]
Revenue	7.6	7.6	15	15.3
Transportation \| Rest of World \| Operating segment
Segment Reporting Information [Line Items]
Revenue	$ 6.3	$ 7.3	$ 11.8	$ 12.1

Debt (Schedule Of Debt) (Detail

Debt (Schedule Of Debt) (Details) - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Unamortized discount and issuance costs	$ (5.9)	$ (6.8)
Total debt	1,294.1	1,293.2
Short-term debt	300	0
Long-term debt	$ 994.1	1,293.2
2023 Senior Notes, 4.15%, due June 2023 \| Senior Notes
Debt Instrument [Line Items]
Fixed rate	4.15%
Effective interest rate	4.36%
Debt, gross	$ 300	300
2024 Senior Notes, 4.75%, due December 2024 \| Senior Notes
Debt Instrument [Line Items]
Fixed rate	4.75%
Effective interest rate	4.95%
Debt, gross	$ 400	400
2028 Senior Notes, 4.90%, due June 2028 \| Senior Notes
Debt Instrument [Line Items]
Fixed rate	4.90%
Effective interest rate	5.04%
Debt, gross	$ 600	$ 600

Debt (Schedule of Debt Maturiti

Debt (Schedule of Debt Maturities) (Details) $ in Millions	Jul. 01, 2022 USD ($)
Debt Disclosure [Abstract]
2022 (Remaining)	$ 0
2023	300
2024	400
2025	0
2026	0
Thereafter	600
Total	$ 1,300

Debt (Narrative) (Details)

Debt (Narrative) (Details) € in Millions, £ in Millions	1 Months Ended
Debt (Narrative) (Details) € in Millions, £ in Millions	Mar. 31, 2022 USD ($)	Jul. 01, 2022 USD ($) loan	Jul. 01, 2022 EUR (€) loan	Jul. 01, 2022 GBP (£) loan
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Debt instrument, term	5 years
Principal amount	$ 1,250,000,000
Additonal capacity	$ 500,000,000
Debt outstanding		$ 0
Uncommitted Revolving Credit Facilities $75 million
Debt Instrument [Line Items]
Number of revolving loan facilities \| loan		2	2	2
Current borrowing capacity		$ 75,000,000
Uncommitted Revolving Credit Facilities 100 million euros
Debt Instrument [Line Items]
Number of revolving loan facilities \| loan		1	1	1
Current borrowing capacity \| €			€ 100
Uncommitted Revolving Credit Facilities 55 million GBP
Debt Instrument [Line Items]
Number of revolving loan facilities \| loan		1	1	1
Current borrowing capacity \| £				£ 55

Fair Value Measurements (Assets

Fair Value Measurements (Assets And Liabilities Measured At Fair Value On Recurring Basis) (Details) - Recurring - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets	$ 33.4	$ 44.7
Derivatives assets	0.7	0.1
Total assets measured at fair value	34.1	44.8
Deferred compensation plan liabilities	33.4	44.7
Derivatives liabilities	0.1	0.2
Contingent consideration liabilities	0	12.8
Total liabilities measured at fair value	33.5	57.7
(Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets	33.4	44.7
Derivatives assets	0	0
Total assets measured at fair value	33.4	44.7
Deferred compensation plan liabilities	33.4	44.7
Derivatives liabilities	0	0
Contingent consideration liabilities	0	0
Total liabilities measured at fair value	33.4	44.7
(Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets	0	0
Derivatives assets	0.7	0.1
Total assets measured at fair value	0.7	0.1
Deferred compensation plan liabilities	0	0
Derivatives liabilities	0.1	0.2
Contingent consideration liabilities	0	0
Total liabilities measured at fair value	0.1	0.2
(Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan assets	0	0
Derivatives assets	0	0
Total assets measured at fair value	0	0
Deferred compensation plan liabilities	0	0
Derivatives liabilities	0	0
Contingent consideration liabilities	0	12.8
Total liabilities measured at fair value	$ 0	$ 12.8

Fair Value Measurements (Additi

Fair Value Measurements (Additional Information) (Details) - USD ($) $ in Billions	Jul. 01, 2022	Dec. 31, 2021
Debt \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt outstanding	$ 1.3	$ 1.4

Deferred Revenue And Remainin_3

Deferred Revenue And Remaining Performance Obligations (Roll Forward) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Contract With Customer, Asset And Liability [Roll Forward]
Beginning balance of the period	$ 703.9	$ 618.9	$ 631.8	$ 613.8
Revenue recognized	(127.2)	(132.4)	(361.8)	(379.6)
Billing and other net activities	108.5	119.6	415.2	371.9
Ending balance of the period	$ 685.2	$ 606.1	$ 685.2	$ 606.1

Deferred Revenue And Remainin_4

Deferred Revenue And Remaining Performance Obligations (Narratives) (Details) $ in Billions	Jul. 01, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 1.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-02
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 1.2
Remaining performance obligation, percentage	74%
Period of recognition	12 months

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Computation Of Earnings Per Share And Effect On Weighted-Average Number Of Shares) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Numerator:
Net income attributable to Trimble Inc.	$ 168	$ 138.9	$ 278.3	$ 253.4
Denominator:
Weighted-average number of common shares used in basic earnings per share (in shares)	249.2	251.5	250	251.3
Effect of dilutive securities (in shares)	1.5	2.7	1.7	2.9
Weighted-average number of common shares used in diluted earnings per share (in shares)	250.7	254.2	251.7	254.2
Basic earnings per share (in usd per share)	$ 0.67	$ 0.55	$ 1.11	$ 1.01
Diluted earnings per share (in usd per share)	$ 0.67	$ 0.55	$ 1.11	$ 1
Antidilutive weighted-average (in shares)	2.1	0.1	1.5	0.2

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021	Dec. 31, 2021
Income Tax Contingency [Line Items]
Effective income tax rate	24.20%	14.50%	22.70%	15.40%
Other noncurrent liabilities
Income Tax Contingency [Line Items]
Unrecognized tax benefits that would impact effective tax rate	$ 51.8		$ 51.8		$ 42.3
Unrecognized tax benefit liabilities include interest and penalties	$ 10.2		$ 10.2		$ 9.2

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) $ in Millions	Jul. 01, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Unconditional purchase obligations	$ 685.1