TRIMBLE INC., 10-K filed on 2/17/2023
Annual Report
v3.22.4
Cover - USD ($)
$ in Billions
 12 Months Ended
Dec. 30, 2022
Feb. 14, 2023
Jul. 01, 2022
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 30, 2022    
Current Fiscal Year End Date --12-30    
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 10368 Westmoor Dr    
Entity Address, City or Town Westminster    
Entity Address, State or Province CO    
Entity Address, Postal Zip Code 80021    
City Area Code 720    
Local Phone Number 887-6100    
Title of 12(b) Security Common Stock, $0.001 par value    
Trading Symbol TRMB    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Emerging Growth Company false    
Entity Small Business false    
ICFR Auditor Attestation Flag true    
Entity Shell Company false    
Entity Public Float     $ 14.3
Entity Common Stock, Shares Outstanding   246,951,697  
Documents Incorporated by Reference Certain parts of Trimble Inc. Proxy Statement relating to the annual meeting of stockholders to be held on June 1, 2023 (the “Proxy Statement”) are incorporated by reference into Part III of this report.    
Amendment Flag false    
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2022    
Entity Central Index Key 0000864749    
v3.22.4
Audit Information
 12 Months Ended
Dec. 30, 2022
Audit Information [Abstract]  
Auditor Name Ernst & Young LLP
Auditor Location San Jose, California
Auditor Firm ID 42
v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 271.0 $ 325.7
Accounts receivable, net 643.3 624.8
Inventories 402.5 363.3
Other current assets 201.4 136.8
Total current assets 1,518.2 1,450.6
Property and equipment, net 219.0 233.2
Operating lease right-of-use assets 121.2 141.0
Goodwill 4,137.9 3,981.5
Other purchased intangible assets, net 498.1 506.6
Deferred income tax assets 438.4 502.0
Other non-current assets 336.2 284.7
Total assets 7,269.0 7,099.6
Current liabilities:    
Short-term debt 300.0 0.0
Accounts payable 175.5 207.3
Accrued compensation and benefits 159.4 231.0
Deferred revenue 639.1 548.8
Other current liabilities 188.1 201.5
Total current liabilities 1,462.1 1,188.6
Long-term debt 1,220.0 1,293.2
Deferred revenue, non-current 98.5 83.0
Deferred income tax liabilities 157.8 263.1
Income taxes payable 40.9 54.5
Operating lease liabilities 105.1 121.4
Other non-current liabilities 134.4 151.1
Total liabilities 3,218.8 3,154.9
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 3.0 shares authorized; none issued and outstanding 0.0 0.0
Common stock, $0.001 par value; 360.0 shares authorized; 246.9 and 250.9 shares issued and outstanding at the end of 2022 and 2021 0.2 0.3
Additional paid-in-capital 2,054.9 1,935.6
Retained earnings 2,230.0 2,170.5
Accumulated other comprehensive loss (234.9) (161.7)
Total Trimble Inc. stockholders’ equity 4,050.2 3,944.7
Total liabilities and stockholders’ equity $ 7,269.0 $ 7,099.6
v3.22.4
Consolidated Balance Sheets (Parenthetical) - $ / shares
Dec. 30, 2022
Dec. 31, 2021
Statement of Financial Position [Abstract]    
Preferred Stock, par value per share (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 3,000,000.0 3,000,000.0
Preferred Stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value per share (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 360,000,000.0 360,000,000.0
Common stock, shares issued (in shares) 246,900,000 250,900,000
Common stock, shares outstanding (in shares) 246,900,000 250,900,000
v3.22.4
Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Revenue:      
Total revenue $ 3,676.3 $ 3,659.1 $ 3,147.7
Cost of sales:      
Amortization of purchased intangible assets 85.0 87.7 92.3
Total cost of sales 1,570.7 1,624.4 1,392.8
Gross margin 2,105.6 2,034.7 1,754.9
Operating expense:      
Research and development 542.1 536.6 475.9
Sales and marketing 553.6 506.8 467.0
General and administrative 422.2 369.1 300.9
Restructuring charges 30.2 10.3 25.8
Amortization of purchased intangible assets 46.6 50.9 65.5
Total operating expense 1,594.7 1,473.7 1,335.1
Operating income 510.9 561.0 419.8
Non-operating income (expense), net:      
Divestitures gain, net 99.0 41.4 13.1
Interest expense, net (71.1) (65.4) (77.6)
Income from equity method investments, net 31.1 37.7 39.4
Other income (expense), net (0.8) (0.1) 0.3
Total non-operating income (expense), net 58.2 13.6 (24.8)
Income before taxes 569.1 574.6 395.0
Income tax provision 119.4 81.8 4.4
Net income 449.7 492.8 390.6
Net income attributable to noncontrolling interests 0.0 0.1 0.7
Net income attributable to Trimble Inc. $ 449.7 $ 492.7 $ 389.9
Earnings per share attributable to Trimble Inc.:      
Basic (in dollars per share) $ 1.81 $ 1.96 $ 1.56
Diluted (in dollars per share) $ 1.80 $ 1.94 $ 1.55
Shares used in calculating earnings per share:      
Basic (in shares) 248.6 251.4 250.5
Diluted (in shares) 250.2 254.3 252.3
Product      
Revenue:      
Total revenue $ 2,152.0 $ 2,247.5 $ 1,828.0
Cost of sales:      
Cost of goods and service excluding amortization 1,046.1 1,090.1 855.0
Service      
Revenue:      
Total revenue 641.3 649.4 644.8
Cost of sales:      
Cost of goods and service excluding amortization 235.7 229.9 234.5
Subscription      
Revenue:      
Total revenue 883.0 762.2 674.9
Cost of sales:      
Cost of goods and service excluding amortization $ 203.9 $ 216.7 $ 211.0
v3.22.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Statement of Comprehensive Income [Abstract]      
Net income $ 449.7 $ 492.8 $ 390.6
Other comprehensive income (loss), net of tax      
Foreign currency translation adjustments (81.6) (64.0) 77.1
Net change related to derivatives and other   0.8 1.2
Net change related to derivatives and other 8.4    
Comprehensive income 376.5 429.6 468.9
Comprehensive income attributable to noncontrolling interests 0.0 0.1 0.7
Comprehensive income attributable to Trimble Inc. $ 376.5 $ 429.5 $ 468.2
v3.22.4
Consolidated Statements Of Stockholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Total Stockholders’ Equity
Noncontrolling Interest
Beginning balance (in shares) at Jan. 03, 2020   249.9          
Beginning balance at Jan. 03, 2020 $ 3,120.4 $ 0.2 $ 1,692.8 $ 1,602.8 $ (176.8) $ 3,119.0 $ 1.4
Net income 390.6     389.9   389.9 0.7
Other comprehensive income (loss) 78.3       78.3 78.3  
Comprehensive income 468.9         468.2  
Issuance of common stock under employee plans, net of tax withholdings (in shares)   2.8          
Issuance of common stock under employee plans, net of tax withholdings 10.0 $ 0.1 40.6 (30.7)   10.0  
Stock repurchases (in shares)   (1.9)          
Stock repurchases (81.6)   (13.0) (68.6)   (81.6)  
Stock-based compensation 81.3   81.3     81.3  
Noncontrolling interest investments (0.4)           (0.4)
Ending balance (in shares) at Jan. 01, 2021   250.8          
Ending balance at Jan. 01, 2021 3,598.6 $ 0.3 1,801.7 1,893.4 (98.5) 3,596.9 1.7
Net income 492.8     492.7   492.7 0.1
Other comprehensive income (loss) (63.2)       (63.2) (63.2)  
Comprehensive income 429.6         429.5  
Issuance of common stock under employee plans, net of tax withholdings (in shares)   2.2          
Issuance of common stock under employee plans, net of tax withholdings (15.1)   36.2 (51.3)   (15.1)  
Stock repurchases (in shares)   (2.1)          
Stock repurchases (180.0)   (15.7) (164.3)   (180.0)  
Stock-based compensation 112.8   112.8     112.8  
Noncontrolling interest investments $ (1.2)   0.6     0.6 (1.8)
Ending balance (in shares) at Dec. 31, 2021 250.9 250.9          
Ending balance at Dec. 31, 2021 $ 3,944.7 $ 0.3 1,935.6 2,170.5 (161.7) 3,944.7 0.0
Net income 449.7     449.7   449.7 0.0
Other comprehensive income (loss) (73.2)       (73.2) (73.2)  
Comprehensive income 376.5         376.5  
Issuance of common stock under employee plans, net of tax withholdings (in shares)   2.0          
Issuance of common stock under employee plans, net of tax withholdings (13.6)   29.6 (43.2)   (13.6)  
Stock repurchases (in shares)   (6.0)          
Stock repurchases (394.7) $ (0.1) (47.6) (347.0)   (394.7)  
Stock-based compensation $ 137.3   137.3     137.3  
Ending balance (in shares) at Dec. 30, 2022 246.9 246.9          
Ending balance at Dec. 30, 2022   $ 0.2 $ 2,054.9 $ 2,230.0 $ (234.9) $ 4,050.2 $ 0.0
v3.22.4
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Cash flows from operating activities:      
Net income $ 449.7 $ 492.8 $ 390.6
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation expense 40.2 41.3 39.7
Amortization expense 131.6 138.6 157.8
Deferred income taxes (40.0) (26.9) (52.9)
Stock-based compensation 120.4 122.6 83.0
Divestitures gain, net (99.0) (43.9) (12.2)
Other, net 41.7 19.2 42.4
(Increase) decrease in assets:      
Accounts receivable, net (55.4) (9.0) (14.0)
Inventories (113.5) (72.9) (5.0)
Other current and non-current assets (46.3) (30.2) 2.5
Increase (decrease) in liabilities:      
Accounts payable (24.8) 60.3 (15.7)
Accrued compensation and benefits (54.2) 54.1 34.9
Deferred revenue 108.6 27.4 65.7
Other current and non-current liabilities (67.8) (22.9) (44.8)
Net cash provided by operating activities 391.2 750.5 672.0
Cash flow from investing activities:      
Acquisitions of businesses, net of cash acquired (373.5) (236.1) (201.9)
Purchases of property and equipment (43.2) (46.1) (56.8)
Net proceeds from divestitures 215.4 67.3 27.5
Other, net (25.0) 11.4 (0.6)
Net cash used in investing activities (226.3) (203.5) (231.8)
Cash flows from financing activities:      
Issuance of common stock, net of tax withholdings (13.6) (15.1) 10.0
Repurchases of common stock (394.7) (180.0) (81.6)
Proceeds from debt and revolving credit lines 814.8 198.9 1,173.8
Payments on debt and revolving credit lines (590.2) (449.9) (1,486.0)
Other, net (15.3) (1.6) (16.5)
Net cash used in financing activities (199.0) (447.7) (400.3)
Effect of exchange rate changes on cash and cash equivalents (20.6) (11.3) 8.6
Net (decrease) increase in cash and cash equivalents (54.7) 88.0 48.5
Cash and cash equivalents - beginning of year 325.7 237.7 189.2
Cash and cash equivalents - end of year 271.0 325.7 237.7
Supplemental cash flow disclosure:      
Cash paid for income taxes, net 197.3 98.3 59.0
Cash paid for interest $ 73.1 $ 61.8 $ 71.8
v3.22.4
Description Of Business And Accounting Policies
 12 Months Ended
Dec. 30, 2022
Accounting Policies [Abstract]  
Description Of Business And Accounting Policies
NOTE 1: DESCRIPTION OF BUSINESS AND ACCOUNTING POLICIES
Trimble Inc., (“we” or “our” or “us”) is incorporated in the State of Delaware since October 2016.
We are a leading provider of technology solutions that enable professionals and field mobile workers to improve or transform their work processes. We focus on transforming the way the world works by delivering products and services that connect the physical and digital worlds. We generate revenue primarily through the sale of our hardware, software, maintenance and support, professional services, and subscriptions.
Basis of Presentation
These 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 52–53 week fiscal year ending on the Friday nearest to December 31. Fiscal 2022, 2021, and 2020 were all 52-week years ending on December 30, 2022, December 31, 2021, and January 1, 2021. Unless otherwise stated, all dates refer to our fiscal year and fiscal periods.
Use of 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.
Reportable Segments
We report our financial performance, including revenue and operating income, based on four reportable segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation.
Our Chief Executive Officer and Chief Operating Decision Maker views and evaluates operations based on the results of our reportable operating segments under our management reporting system. These results are not necessarily in conformance with U.S. GAAP.
Revenue Recognition
Significant Judgments
Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services.  Revenue is recognized net of allowance for returns and any taxes collected from customers. We enter into contracts that may include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations; however, determining whether products or services are considered distinct performance obligations that should be accounted for separately versus together may sometimes require significant judgment.
Judgment is required to determine SSP for each performance obligation.  We use a range of amounts to estimate SSP when products and services are sold separately and determine whether there is a discount to be allocated based on the relative SSP of the various products and services.  In instances where SSP is not directly observable, we determine SSP using information that may include market conditions and other observable inputs.
Nature of Goods and Services
We generate revenue primarily from products, services, and subscriptions; each of which is a distinct performance obligation. Descriptions are as follows:
Product
Product revenue includes hardware and software licenses.
Hardware is recognized when the control of the product transfers to the customer, which is generally when the product is shipped.  We recognize shipping fees reimbursed by customers as revenue and the cost for shipping as an expense in Cost of sales when control over products has transferred to the customer.
Software including perpetual and term licenses is recognized upon delivery and commencement of license term.  In general, our contracts do not provide for customer specific acceptances.
Service
Service revenue includes hardware and software maintenance and support and professional services.
Hardware maintenance and support, commonly called extended warranty, entitles the customer to receive replacement parts and repair services.  Extended warranty is separately priced and is recognized on a straight-line basis over the extended service period, which begins after the standard warranty period, ranging from one to two years depending on the product line.
Software maintenance and support entitles the customer to receive software product upgrades and enhancements on a when and if available basis and technical support. Software maintenance is recognized on a straight-line basis commencing upon product delivery over the post-contract support term, which ranges from one to three years, with one year being most common.
Professional services include installation, training, configuration, project management, system integrations, customization, data migration/conversion, and other implementation services. The majority of professional services are not complex, can be provided by other vendors, and are readily available and billed on a time-and-material basis. Revenue for distinct professional services is recognized over time, based on work performed.
Subscription
Subscription revenue includes Software as a Service (“SaaS”), data, and hosting services.
SaaS may be sold with devices used to collect, generate, and transmit data.  SaaS is distinct from the related devices. In addition, we may host the software that the customer has separately licensed. Hosting services are distinct from the underlying software.
Subscription terms generally range from month-to-month to one to three years.  Subscription revenue is recognized monthly over the subscription term, commencing from activation.
Accounts Receivable, Net
Accounts receivable, net, includes billed and unbilled amounts due from customers. Unbilled receivables include revenue recognized that exceeds the amount billed to the customer, provided the billing is not contingent upon future performance, and we have the unconditional right to future payment with only the passage of time required. Both billed and unbilled amounts due are stated at their net estimated realizable value. The unbilled receivables were $33.6 million and $39.5 million at the end of 2022 and 2021.
We maintain an allowance for credit losses to provide for the estimated amount of receivables that will not be collected. Each reporting period, we evaluate the collectability of our trade accounts receivable based on a number of factors such as age of the accounts receivable balances, credit quality, historical experience, and current and future economic conditions that may affect a customer’s ability to pay. At the end of 2022 and 2021, our allowance for credit losses was $5.9 million and $7.0 million. The provision for credit losses for the years ended 2022, 2021, and 2020 were $7.7 million, $2.6 million, and $7.1 million.
Deferred Costs to Obtain Customer Contracts
Sales commissions incurred in obtaining contracts that include maintenance or subscription revenue are deferred if the contractual term is greater than a year or if renewals are expected, and the renewal commission is not commensurate with the initial commission. These commission costs are deferred and amortized over the estimated benefit period, which is either the contract term or the shorter of customer life or product life that ranges from three to seven years. Contracts with an amortization period of a year or less from this deferral requirement are expensed as incurred.
At the end of 2022 and 2021, deferred costs to obtain customer contracts were $74.7 million and $59.7 million. These costs are included in Other non-current assets in the Consolidated Balance Sheets.
Amortization expense related to deferred costs to obtain customer contracts was $32.0 million, $25.9 million, and $22.8 million, for 2022, 2021, and 2020. This expense is included in Sales and marketing expense in our Consolidated Statements of Income.
Inventories
Inventories are stated at the lower of cost or net realizable value. Adjustments are also made to reduce the cost of inventory for estimated excess or obsolete balances. Factors influencing these adjustments include declines in demand that impact inventory purchasing forecasts, technological changes, product lifecycle and development plans, component cost trends, product pricing, physical deterioration, and quality issues. If our estimate used to reserve for excess and obsolete inventory differs from what is expected, we may be required to recognize additional reserves, which would negatively impact our gross margin.
Property and Equipment, Net
Property and equipment are depreciated using the straight-line method over the shorter of the estimated useful lives or the lease terms when applicable. Useful lives generally range from four to six years for machinery and equipment, five to ten years for furniture and fixtures, two to five years for computer equipment and software, thirty-nine years for buildings, and the life of the lease for leasehold improvements. We capitalize eligible costs to acquire or develop certain internal-use software and amortize those assets using the straight-line method over the estimated useful lives of the assets, which range from two to five years.
Leases
We determine if an arrangement is a lease at inception. Operating leases with lease terms greater than one year are included in Operating lease right-of-use (“ROU”) assets, in both Other current liabilities, and Operating lease liabilities in our Consolidated Balance Sheets.
ROU assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Present value is determined by using our incremental borrowing rate based on the estimated rate of interest for collateralized borrowings over a similar term of the lease payments at commencement date. The operating lease ROU asset includes adjustments made for uneven rents, lease incentives, and lease impairments. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
Lease agreements that include both lease and non-lease components are accounted for as part of the overall lease arrangement.
Business Combinations
We allocate the fair value of purchase consideration to the assets acquired, liabilities assumed, and any noncontrolling interest based on their fair values at the acquisition date. When determining the fair values, we make significant estimates and assumptions, especially concerning intangible assets. Critical estimates when valuing intangible assets include expected future cash flows based on consideration of future growth rates and margins, customer attrition rates, future changes in technology and brand awareness, loyalty and position, and discount rates. Any purchase consideration in excess of the fair values of the net assets acquired is recorded as goodwill.
Amounts recorded in a business combination may change during the measurement period, which is a period not to exceed one year from the date of acquisition, as additional information about conditions existing at the acquisition date becomes available.
Acquisition costs are expensed as incurred.
Goodwill
We evaluate goodwill on an annual basis or more frequently if indicators of potential impairment exist. To determine whether goodwill is impaired, we first assess qualitative factors. Qualitative factors include but are not limited to macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, or other relevant company-specific events. If it is determined more likely than not that the fair value of a goodwill reporting unit is less than its carrying amount, we perform a quantitative analysis. Alternatively, we may bypass the qualitative assessment and perform a quantitative impairment test.
When performing a quantitative approach, we compare the reporting unit’s carrying amount, including goodwill, to the reporting unit's fair value. The estimation of a reporting unit's fair value involves using estimates and assumptions, including expected future operating performance using risk-adjusted discount rates. If the reporting unit's carrying amount exceeds its fair value, an impairment loss is recognized.
Intangible Assets
Intangible assets acquired in a business combination are recorded at fair value. Our intangible assets are amortized over the period of estimated benefit using the straight-line method over their estimated useful lives, which range from three years to ten years and have a weighted-average useful life of approximately seven years. We write off fully amortized intangible assets when those assets are no longer used.
We review intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of those assets may not be recoverable based on their future cash flows. The estimated future cash flows are primarily based upon assumptions about expected future operating performance.
Warranty
We accrue for warranty costs as part of our cost of sales based on associated material product costs, technical support labor costs, and costs incurred by third parties performing work on our behalf. Our expected future cost is primarily estimated based upon historical trends in the volume of product returns within the warranty period and the cost to repair or replace the equipment. When products sold include warranty provisions, they are covered by a warranty for periods ranging from one year to two years.
Accrued warranty expenses of $11.7 million and $17.1 million are included in Other current liabilities in the Consolidated Balance Sheets at the end of 2022 and 2021.
Foreign Currency Translation
Assets and liabilities recorded in foreign currency are translated to U.S. dollars at the exchange rates on the balance sheet date. Revenue and expense are translated at average monthly exchange rates during the year. Translation adjustments resulting from this process are recorded to other comprehensive income.
Stock-Based Compensation
Stock-based compensation expense is based on the measurement date fair value of the awards, net of expected forfeitures. Expense is generally recognized on a straight-line basis over the requisite service period of the stock awards. The estimate of the forfeiture rate is based on historical experience.
Research and Development Costs
Research and development costs are expensed as incurred. Development costs for software to be sold subsequent to reaching technical feasibility were not significant and were expensed as incurred. We offset research and development expense with any unconditional third party funding earned and retain the rights to any technology developed under such arrangements.
Income Taxes
Income taxes are accounted for under the liability method, whereby deferred tax assets or liability account balances are calculated at the balance sheet date using current tax laws and rates in effect for the year in which the differences are expected to affect taxable income. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets if it is more likely than not such assets will not be realized. Our valuation allowance is primarily attributable to foreign net operating losses and state research and development credit carryforwards.
Relative to uncertain tax positions, we only recognize a tax benefit if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. We consider many factors when evaluating and estimating our tax positions and tax benefits, which may require periodic adjustments and may not accurately forecast actual tax audit outcomes. Changes in recognition or measurement of our uncertain tax positions would result in the recognition of a tax benefit or an additional charge to the tax provision. Our practice is to recognize interest and/or penalties related to income tax matters in income tax expense.
We are subject to income taxes in the U.S. and numerous other countries and are subject to routine corporate income tax audits in many of these jurisdictions. We generally believe that positions taken on our tax returns are more likely than not to be sustained upon audit, but tax authorities in some circumstance have, and may in the future, successfully challenge these positions. Accordingly, our income tax provision includes amounts intended to satisfy assessments that may result from these challenges. The amounts ultimately paid on resolution of an audit could be materially different from the amounts previously included in our income tax provision and, therefore, could have a material impact on our income tax provision, net income, and cash flows.
Concentrations of Risk
Cash and cash equivalents are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions of reputable credit and therefore bear minimal credit risk.
We are also exposed to credit risk in our trade receivables, which are derived from sales to end-user customers in diversified industries as well as various resellers. We perform ongoing credit evaluations of our customers’ financial conditions and limit the amount of credit extended, when deemed necessary, but generally do not require collateral.
In addition, we rely on a limited number of suppliers for a number of our critical components.
Guarantees, Including Indirect Guarantees of Indebtedness of Others
In the normal course of business to facilitate sales of our products, we indemnify other parties, including customers, lessors, and parties to other transactions with us with respect to certain matters. We may agree to hold the other party harmless against losses arising from a breach of representations or covenants, or out of intellectual property infringement or other claims made against certain parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. In connection with divesting some of our businesses or assets, we may also indemnify purchasers for certain matters in the normal course of business, such as breaches of representations, covenants, or excluded liabilities. In addition, we entered into indemnification agreements with our officers and directors, and our bylaws contain similar indemnification obligations to our agents.
It is not possible to determine the maximum potential amount under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Historically, payments made under these agreements were not material, and no liabilities have been recorded for these obligations in the Consolidated Balance Sheets at the end of 2022 and 2021.
Derivative Financial Instruments
We enter into foreign exchange forward contracts to minimize the short-term impact of foreign currency fluctuations on cash and certain trade and intercompany receivables and payables, primarily denominated in New Zealand Dollars, Brazil Real, Canadian Dollars, Norwegian Krone, and Euro. These contracts reduce the exposure to fluctuations in foreign currency exchange rate movements, as the gains and losses associated with foreign currency balances are generally offset with the gains and losses on the forward contracts. We occasionally enter into foreign currency contracts to minimize the impact of foreign currency fluctuations on the purchase price of pending acquisitions, including the fourth quarter of 2022 foreign currency contract for the €1.88 billion or $2.0 billion pending acquisition of Transporeon. The above-mentioned foreign currency contracts are marked-to-market through earnings every reporting period and generally range in maturity from one to two months, or from four to six months for contracts related to acquisitions. We do not enter into foreign currency forward contracts for trading purposes.
In the fourth quarter of 2022, in conjunction with the pending acquisition of Transporeon, we entered into a contract to offset the changes in the price of U.S. Treasury Notes with an original maturity of 10 years (“Treasury Rate Lock”). The purpose of the Treasury Rate Lock is to minimize the impact of interest rate fluctuations on new fixed-rate debt expected to be issued in connection with this acquisition. This derivative contract is accounted for as a cash flow hedge and is marked-to-market each period with gains or losses recorded through other comprehensive income. Upon issuance of the debt, the derivative is settled, and the other comprehensive income is amortized as interest expense over the 10-year debt term by use of the effective interest rate method. At the end of 2021, there were no derivatives outstanding that were accounted for as hedges.
Recently issued Accounting Pronouncements not yet Adopted
There are no recently issued accounting pronouncements applicable or material to us not yet adopted.
Recent Adopted Accounting Pronouncements
There are no recently adopted accounting pronouncements.
v3.22.4
Earnings Per Share
 12 Months Ended
Dec. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share
NOTE 2: 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, RSUs, contingently issuable shares, and shares to be purchased under our ESPP.
The following table shows the computation of basic and diluted earnings per share:
202220212020
(In millions, except per share data)   
Numerator:
Net income attributable to Trimble Inc.$449.7 $492.7 $389.9 
Denominator:
Weighted average number of common shares used in basic earnings per share248.6 251.4 250.5 
Effect of dilutive securities1.6 2.9 1.8 
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share250.2 254.3 252.3 
Basic earnings per share$1.81 $1.96 $1.56 
Diluted earnings per share$1.80 $1.94 $1.55 
Antidilutive weighted-average shares (1)
1.3 0.1 0.5 
(1)    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.
v3.22.4
Acquisitions And Divestitures
 12 Months Ended
Dec. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Acquisitions And Divestitures
NOTE 3: ACQUISITIONS AND DIVESTITURES
Acquisitions
In December 2022, we entered into a definitive agreement to acquire Transporeon in an all-cash transaction valued at approximately €1.88 billion or $2.0 billion. Transporeon, a Germany-based company, is a leading cloud-based transportation management software platform that connects key stakeholders across the industry lifecycle to positively impact the optimization of global supply chains, in alignment with our Connect and Scale strategy. We believe the acquisition will advance our sustainability strategy by reducing under-utilized carrier capacity and “empty miles” and increase our international footprint and long-term Transportation opportunities. The acquisition will be funded through a combination of cash on hand and new debt. We expect this acquisition to close in the first half of 2023, subject to customary closing conditions including regulatory approvals in certain international countries. Following the closing, we intend to integrate Transporeon into our Transportation segment for financial reporting purposes.
In 2022, we acquired two businesses, with total purchase consideration of $379.5 million. The largest acquisition was Bid2Win Software, LLC, a leading provider of estimating and operations solutions for the heavy civil construction industry. In the aggregate, the businesses acquired contributed less than 1% of our total revenue during 2022. The Condensed Consolidated Statements of Income include the operating results of the acquired businesses from the date of acquisitions.
During 2021, we acquired AgileAssets, with total purchase consideration of $237.5 million. AgileAssets is a provider of SaaS solutions for transportation asset lifecycle management. The acquisition contributed less than 1% of our total revenue during 2021.
During 2020, we acquired three businesses, with total purchase consideration of $205.1 million. The acquisitions were not significant individually or in the aggregate. In the aggregate, the businesses acquired contributed less than 1% of our total revenue during 2020.
Acquisition costs of $20.4 million, $13.6 million, and $20.3 million in 2022, 2021, and 2020, were expensed as incurred and are included in Cost of sales and General and administrative expenses in our Consolidated Statements of Income.
The following table summarizes the business combinations completed during the periods indicated:
202220212020
(In millions)
Fair value of total purchase consideration$379.5 $237.5 $205.1 
Less fair value of net assets acquired:
Net tangible assets acquired(9.2)(5.2)(1.6)
Identified intangible assets131.4 67.2 56.7 
Deferred taxes(0.8)— 0.7 
Goodwill$258.1 $175.5 $149.3 
Divestitures
In 2022, we divested six businesses with total proceeds of $226.3 million. The largest divestiture was the sale of Time and Frequency, LOADRITE, Spectra Precision Tools, and SECO accessories businesses to Precisional LLC, an affiliate of The Jordan Company (“TJC”), for $205.1 million in cash, which included a working capital adjustment.
In 2021 and 2020, divestitures were not material to the financial statements.
v3.22.4
Intangible Assets And Goodwill
 12 Months Ended
Dec. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets And Goodwill
NOTE 4: INTANGIBLE ASSETS AND GOODWILL
Intangible Assets
The following table presents a summary of our intangible assets:
At the End of 2022At the End of 2021
(In millions)Weighted-Average Useful Lives (in years)Gross Carrying
Amount		Accumulated
Amortization		Net  Carrying
Amount		Gross Carrying
Amount		Accumulated
Amortization		Net  Carrying
Amount
Developed product technology6$1,004.8 $(722.7)$282.1 $1,011.9 $(748.2)$263.7 
Customer relationships8654.1 (445.9)208.2 667.8 (428.9)238.9 
Trade names and trademarks639.5 (32.7)6.8 48.0 (45.0)3.0 
Distribution rights and other intellectual properties48.0 (7.0)1.0 10.0 (9.0)1.0 
$1,706.4 $(1,208.3)$498.1 $1,737.7 $(1,231.1)$506.6 
As of the end of 2022 and 2021, $79.9 million and $160.1 million of fully amortized intangible assets were written off.
The estimated future amortization expense of intangible assets at the end of 2022 was as follows: 
(In millions)
2023$133.5 
2024109.0 
202573.5 
202667.2 
202753.5 
Thereafter61.4 
Total$498.1 
Goodwill
The changes in the carrying amount of goodwill by segment were as follows:
Buildings and InfrastructureGeospatialResources and UtilitiesTransportationTotal
(In millions)
Balance as of year end 2021$2,141.4 $403.6 $440.8 $995.7 $3,981.5 
Additions due to acquisition214.4 — 43.7 — 258.1 
Decrease from divestitures(23.9)(6.9)— (6.9)(37.7)
Foreign currency translation and other adjustments(31.8)(14.6)(12.7)(4.9)(64.0)
Balance as of year end 2022$2,300.1 $382.1 $471.8 $983.9 $4,137.9 
v3.22.4
Certain Balance Sheet Components
 12 Months Ended
Dec. 30, 2022
Balance Sheet Related Disclosures [Abstract]  
Certain Balance Sheet Components
NOTE 5: CERTAIN BALANCE SHEET COMPONENTS
The components of inventory, net were as follows:
At the End of Year20222021
(In millions)  
Inventories:
Raw materials$154.9 $129.6 
Work-in-process13.1 12.4 
Finished goods234.5 221.3 
Total inventories$402.5 $363.3 
Finished goods includes $16.9 million and $13.7 million at the end of 2022 and 2021 for costs of sales that have been deferred in connection with deferred revenue arrangements.
The components of property and equipment, net were as follows:
At the End of Year20222021
(In millions)  
Property and equipment, net:
Land, building, furniture, and leasehold improvements$244.4 $238.8 
Machinery and equipment177.6 185.8 
Software and licenses146.4 150.9 
Construction in progress 10.1 20.7 
578.5 596.2 
Less: accumulated depreciation(359.5)(363.0)
Total property and equipment, net$219.0 $233.2 
The components of accumulated other comprehensive loss, net of related tax were as follows:
At the End of Year20222021
(In millions)
Accumulated foreign currency translation adjustments$(241.6)$(160.0)
Gain on cash flow hedge5.4 — 
Net unrealized actuarial gains (losses)1.3 (1.7)
Total accumulated other comprehensive loss$(234.9)$(161.7)
v3.22.4
Reporting Segment And Geographic Information
 12 Months Ended
Dec. 30, 2022
Segment Reporting, Measurement Disclosures [Abstract]  
Reporting Segment And Geographic Information
NOTE 6: REPORTING SEGMENT AND GEOGRAPHIC INFORMATION
We determined our operating segments based on how our Chief Operating Decision Maker (“CODM”) views and evaluates operations. Various factors, including market separation and customer-specific applications, go-to-market channels, and products and services, were considered in determining these operating segments. Our CODM regularly reviews our segment operating results to make decisions about resources to be allocated to each segment and assess performance. In each of our
segments, we sell many individual products. For this reason, it is impracticable to segregate and identify revenue for each of the individual products or group of products we sell.
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 InfrastructureGeospatialResources and UtilitiesTransportationTotal
(In millions)     
2022
Segment revenue$1,494.0 $756.5 $821.6 $604.2 $3,676.3 
Segment operating income 406.3 221.4 278.3 58.8 964.8 
2021
Segment revenue$1,422.7 $828.9 $771.3 $636.5 $3,659.4 
Segment operating income 411.7 244.1 264.0 43.4 963.2 
2020
Segment revenue$1,231.0 $650.5 $630.0 $640.5 $3,152.0 
Segment operating income 338.1 184.4 221.0 50.1 793.6 
 Reporting Segments
 Buildings and InfrastructureGeospatialResources and UtilitiesTransportationTotal
(In millions)     
As of Year End 2022
Accounts receivable, net$305.1 $137.2 $79.2 $121.8 $643.3 
Inventories93.2 146.1 100.3 62.9 402.5 
Goodwill2,300.1 382.1 471.8 983.9 4,137.9 
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 
Goodwill2,141.4 403.6 440.8 995.7 3,981.5 
As of Year End 2020
Accounts receivable, net$260.1 $117.5 $91.2 $151.7 $620.5 
Inventories 59.1 120.1 49.0 73.5 301.7 
Goodwill1,997.4 415.7 453.8 1,009.6 3,876.5 
A reconciliation of our consolidated segment operating income to consolidated income before income taxes was as follows:
202220212020
(In millions)   
Consolidated segment operating income$964.8 $963.2 $793.6 
Unallocated general corporate expenses(123.3)(106.2)(74.0)
Purchase accounting adjustments(131.6)(134.5)(156.6)
Acquisition / divestiture items(32.8)(21.8)(21.4)
Stock-based compensation / deferred compensation(112.0)(128.6)(90.4)
Restructuring and other costs(54.2)(11.1)(31.4)
Consolidated operating income510.9 561.0 419.8 
Total non-operating income (expense), net58.2 13.6 (24.8)
Consolidated income before taxes$569.1 $574.6 $395.0 
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 InfrastructureGeospatialResources and UtilitiesTransportationTotal
(In millions)     
2022
North America$938.1 $320.7 $227.0 $469.4 $1,955.2 
Europe337.1 247.8 374.3 78.7 1,037.9 
Asia Pacific192.8 140.3 51.7 30.3 415.1 
Rest of World26.0 47.7 168.6 25.8 268.1 
Total segment revenue $1,494.0 $756.5 $821.6 $604.2 $3,676.3 
2021
North America$823.5 $337.3 $212.2 $493.1 $1,866.1 
Europe386.6 282.3 368.4 87.3 1,124.6 
Asia Pacific188.4 161.4 67.3 30.2 447.3 
Rest of World24.2 47.9 123.4 25.9 221.4 
Total segment revenue $1,422.7 $828.9 $771.3 $636.5 $3,659.4 
2020
North America$703.4 $249.9 $191.4 $502.5 $1,647.2 
Europe337.1 222.3 284.3 78.4 922.1 
Asia Pacific165.7 138.2 64.5 34.9 403.3 
Rest of World24.8 40.1 89.8 24.7 179.4 
Total segment revenue $1,231.0 $650.5 $630.0 $640.5 $3,152.0 
Total revenue in the United States as included in the Consolidated Statements of Income was $1,777.4 million, $1,687.4 million, and $1,502.3 million in 2022, 2021, and 2020. No single customer or country other than the United States accounted for 10% or more of our total revenue in 2022, 2021, and 2020. No single customer accounted for 10% or more of our accounts receivable at the end of 2022 and 2021.
Property and equipment, net by geographic area were as follows:
At the End of Year20222021
(In millions)  
Property and equipment, net:
United States$157.7 $171.3 
Europe40.3 44.8 
Asia Pacific and Rest of World21.0 17.1 
Total property and equipment, net$219.0 $233.2 
v3.22.4
Debt
 12 Months Ended
Dec. 30, 2022
Long-Term Debt, Current and Noncurrent [Abstract]  
Debt
NOTE 7: DEBT
Debt consisted of the following:
At the End of YearEffective interest rate
(In millions, except percentages)Date of Issuance
for 2022
20222021
Senior Notes:
   Senior Notes, 4.15%, due June 2023
June 20184.36%$300.0 $300.0 
   Senior Notes, 4.75%, due December 2024
November 20144.95%400.0 400.0 
   Senior Notes, 4.90%, due June 2028
June 20185.04%600.0 600.0 
Credit Facilities:
   2022 Revolving Credit Facility, due March 2027September 20225.54%225.0 — 
Unamortized discount and issuance costs(5.0)(6.8)
Total debt1,520.0 1,293.2 
Less: Short-term debt300.0 — 
Long-term debt$1,220.0 $1,293.2 
Debt Maturities
At the end of 2022, our debt maturities based on outstanding principal were as follows:
(In million)
2023$300.0 
2024400.0 
2025— 
2026— 
2027225.0 
Thereafter600.0 
Total$1,525.0 
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 our other senior unsecured indebtedness. We may redeem the notes of each series of senior notes at our option in whole or in part at any time. Such indenture also contains covenants limiting our 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 our properties and assets, each subject to certain exceptions.
Credit Facilities
Bridge Facility
On December 11, 2022, we entered into a bridge facility commitment letter (the “Bridge Facility”) in connection with the pending acquisition of Transporeon. Under the Bridge Facility, the lender committed to provide a 364-day senior unsecured term loan up to an aggregate amount of €1.88 billion that may be drawn only upon the acquisition of Transporeon. On
December 27, 2022, the Bridge Facility was automatically reduced to €500 million upon entering into the 2022 Term Loan Agreement and the 2022 Credit Facility Amendment (as described below). If not terminated sooner, the commitment under the Bridge Facility expires on July 10, 2023.
Borrowings under the Bridge Facility will bear interest at the following rates, in each case, plus an applicable margin: (a) for Euro loans, EURIBOR and (b) for U.S dollar loans, the option of either (i) an adjusted Term SOFR or (ii) the alternate base rate (“ABR”). The applicable margin varies based on the Company’s credit ratings and ranges from 1.250% to 2.125% for EURIBOR and Term SOFR loans, and from 0.250% to 1.125% for ABR loans. The applicable margin will increase by 0.25% on each of the 90th, 180th, and 270th day after the closing date of the Bridge Facility. ABR is defined as the greater of the prime rate or the federal funds rate plus 0.50%. Term loans are prepayable without penalty.
In the fourth quarter of 2022, we incurred $7.3 million fees related to the Bridge Facility of which $5.9 million was recorded as Interest expense, net, and $1.4 million was deferred.
2022 Term Loan Credit Agreement
On December 27, 2022, we entered into a credit agreement (the “2022 Term Loan Credit Agreement”) providing for an unsecured delayed draw term loan facility in the aggregate principal amount of $1.0 billion, comprised of commitments for a 3-year tranche for $500.0 million and a 5-year tranche for $500.0 million.
The 2022 Term Loan Credit Agreement was entered into in connection with, and the proceeds of any loans must be used for, the pending acquisition of Transporeon. No amounts were drawn at the end of 2022.
The 3-year loan would be due and payable on the third anniversary of the funding date. The Company would be required to repay the 5-year loan in quarterly installments equal to:
•0% of the principal amount for the first twelve calendar quarters following the funding date;
•1.25% of the principal amount for each of the next four calendar quarters; and
•2.5% of the principal amount for each calendar quarter thereafter, with the remaining principal amount due and payable on the fifth anniversary of the funding date.
Borrowings under the 2022 Term Loan Credit Agreement will bear interest, at the Company’s option, at either: (a) an adjusted Term SOFR or (b) the ABR, in each case, plus the applicable margin. The applicable margin varies based on the Company’s credit ratings and ranges as follows: (a) for the 3-year tranche, (i) from 1.125% to 2.000% for a Term SOFR loan, and (ii) from 0.125% to 1.000% for an ABR loan; and (b) for the 5-year tranche, (i) from 1.250% to 2.125% for a Term SOFR loan, and (ii) from 0.250% to 1.125% for an ABR loan. ABR is defined as the greatest of the prime rate, the federal funds rate plus 0.50%, or the adjusted Term SOFR plus 1.00%. Term loans are prepayable without penalty.
2022 Credit Facility and Amendment
On March 24, 2022, we entered into a credit agreement that provides for an unsecured revolving loan facility in the aggregate principal amount of $1.25 billion (the “2022 Credit Facility”). The proceeds of the revolving loans may be used by the Company for working capital and general corporate purposes, including the financing of acquisitions. Under the terms of the credit agreement, our interest rate and commitment fees are based on our current long-term, senior unsecured debt ratings, our leverage ratio, and certain specified sustainability targets. At the end of 2022, the interest rate charged on any outstanding borrowings was the prevailing Term SOFR for the applicable interest period plus 1.225%, and the commitment fee was 0.125% of the total undrawn commitment. At the end of 2022, $225.0 million was outstanding under the 2022 Credit Facility.
The commitment fee and interest rates are subject to upward or downward adjustments if we achieve, or fail to achieve, certain specified sustainability targets concerning greenhouse gas emission reductions and gender diversity. Such upward or downward adjustments may be up to 0.01% per annum for the commitment fee and up to 0.05% per annum for the interest rate.
On December 27, 2022, we entered into an amendment to the 2022 Credit Facility (the “2022 Credit Facility Amendment”) that made $600.0 million of the existing commitments under the Credit Facility available for the pending acquisition of Transporeon and increased our maximum permitted leverage ratio following the closing of the acquisition.
Uncommitted Facilities
At the end 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 our Consolidated Balance Sheet.
Covenants
The 2022 Term Loan Credit Agreement and 2022 Credit Facility, as amended, contain customary covenants including, among other requirements, limitations that restrict the Company’s and its subsidiaries’ ability to create liens and enter into sale and
leaseback transactions, and restrictions on the ability of the subsidiaries to incur indebtedness. Further, both debt agreements contain financial covenants that require the maintenance of maximum leverage and minimum interest coverage ratios. At the end of 2022, we were in compliance with the covenants for each of our debt agreements.
v3.22.4
Leases
 12 Months Ended
Dec. 30, 2022
Leases [Abstract]  
Leases
NOTE 8: LEASES
We have operating leases primarily for certain of our major facilities, including corporate offices, research and development facilities, and manufacturing facilities. Lease terms range from 1 to 14 years, and certain leases include options to extend the lease for up to 9 years. We consider options to extend the lease in determining the lease term.
Operating lease expense consisted of:
At the End of Year20222021
(In millions) 
Operating lease expense$36.3 $35.5 
Short-term lease expense and other14.8 17.8 
Total lease expense$51.1 $53.3 
Supplemental cash flow information related to leases was as follows:
At the End of Year20222021
(In millions)
Cash paid for liabilities included in the measurement of lease liabilities:
Operating cash flows from operating leases (1)
$35.0 $35.9 
Right-of-use assets obtained in exchange for Operating lease liabilities:$26.3 $49.5 
(1)Excludes cash payments for short-term leases, which are not capitalized.
Supplemental balance sheet information related to leases was as follows:
At the End of Year20222021
(In millions)
Operating lease right-of-use assets$121.2 $141.0 
Other current liabilities$35.0 $35.0 
Operating lease liabilities105.1 121.4 
  Total operating lease liabilities$140.1 $156.4 
Weighted-average discount rate 3.30 %3.31 %
Weighted-average remaining lease term6 years7 years
At the end of 2022, the maturities of lease liabilities were as follows:
(In millions)
2023$37.3 
202430.3 
202522.2 
202616.9 
202713.3 
Thereafter35.8 
Total lease payments$155.8 
Less: imputed interest15.7 
Total $140.1 
v3.22.4
Commitments And Contingencies
 12 Months Ended
Dec. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
NOTE 9: COMMITMENTS AND CONTINGENCIES
At the end of 2022, we had unconditional purchase obligations of approximately $858.8 million as compared to $710.8 million at the end of 2021. 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, to which we or any of our subsidiaries is a party or of which any of our or our subsidiaries' property is subject.
v3.22.4
Fair Value Measurements
 12 Months Ended
Dec. 30, 2022
Fair Value Disclosures [Abstract]  
Fair Value Measurements
NOTE 10: 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 2022Fair Values as of the end of 2021
Quoted prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable InputsQuoted prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable Inputs
(In millions)(Level I)(Level II)(Level III)Total(Level I)(Level II)(Level III)Total
Assets
Deferred compensation plan (1)
$31.5 $— $— $31.5 $44.7 $— $— $44.7 
Derivatives (2)
— 18.0 — 18.0 — 0.1 — 0.1 
Contingent consideration (3)
— — 3.1 3.1 — — — — 
Total assets measured at fair value$31.5 $18.0 $3.1 $52.6 $44.7 $0.1 $— $44.8 
Liabilities
Deferred compensation plan (1)
$31.5 $— $— $31.5 $44.7 $— $— $44.7 
Derivatives (2)
— 0.2 — 0.2 — 0.2 — 0.2 
Contingent consideration (3)
— — — — — — 12.8 12.8 
Total liabilities measured at fair value$31.5 $0.2 $— $31.7 $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 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 and a Treasury Rate Lock contract that are included in Other current assets and Other current liabilities on our Consolidated Balance Sheets.
(3)Represents arrangements to receive payments from buyers of our divested companies or pay former owners of acquired companies that are included in Other current and non-current assets or Other current liabilities on our Consolidated Balance Sheets. The fair values are estimated using scenario-based methods based upon estimated future milestones.
Derivative assets include a Treasury Rate Lock contract and a foreign currency exchange contract, both related to the pending acquisition of Transporeon.
The Treasury Rate Lock contract is a cash flow hedge with gains or losses reported as a component of other comprehensive income and subsequently amortized to interest expense over the term of the associated debt. At the end of 2022, the notional amount of the interest rate-lock contract was $400.0 million, and the fair value of the contract was $7.2 million.
The foreign currency exchange contract is to economically hedge the euro-denominated purchase price of Transporeon. The gains or losses are recognized in other income (expense), net. The notional amount of the foreign currency exchange contract was $1,999.4 million, and the fair value of this contract was $10.4 million.
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 $1.5 billion and $1.4 billion at the end of 2022 and 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 any of this debt.
v3.22.4
Deferred Revenue and Remaining Performance
 12 Months Ended
Dec. 30, 2022
Revenue from Contract with Customer [Abstract]  
Deferred Revenue and Remaining Performance Obligations
NOTE 11: DEFERRED REVENUE AND REMAINING PERFORMANCE OBLIGATIONS
Deferred Revenue
Changes in our deferred revenue during 2022 and 2021 were as follows: 
20222021
(In millions)
Beginning balance of the period$631.8 $613.8 
Revenue recognized from prior year-end(511.5)(533.8)
Billings net of revenue recognized from current year617.3 551.8 
Ending balance of the period$737.6 $631.8 
Remaining Performance Obligations
At the end 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 72% of our remaining performance obligations as revenue during the next 12 months and the remainder thereafter.
v3.22.4
Income Taxes
 12 Months Ended
Dec. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes
NOTE 12: INCOME TAXES
Income before taxes and the provision (benefit) for taxes consisted of the following:
202220212020
(In millions)
Income before taxes:
United States$117.7 $144.0 $24.7 
Foreign451.4 430.6 370.3 
Total$569.1 $574.6 $395.0 
Provision (benefit) for taxes:
U.S. Federal:
Current$98.4 $27.1 $(5.8)
Deferred(97.7)(22.9)(16.3)
0.7 4.2 (22.1)
U.S. State:
Current12.6 5.6 0.8 
Deferred(5.0)(2.5)7.1 
7.6 3.1 7.9 
Foreign:
Current48.4 76.0 62.2 
Deferred62.7 (1.5)(43.6)
111.1 74.5 18.6 
Income tax provision$119.4 $81.8 $4.4 
Effective tax rate21.0 %14.2 %1.1 %
The difference between the tax provision (benefit) at the statutory federal income tax rate and the tax provision (benefit) as a percentage of income before taxes (“effective tax rate”) was as follows:
202220212020
Statutory federal income tax rate21.0 %21.0 %21.0 %
Increase (reduction) in tax rate resulting from:
Foreign income taxed at different rates4.4 %0.5 %1.7 %
Change in valuation allowance— %— %2.0 %
U.S. State income taxes1.0 %1.1 %0.5 %
Stock-based compensation1.8 %1.7 %1.5 %
Excess tax benefit related to stock-based compensation(0.6)%(2.5)%(1.5)%
Other U.S. taxes on foreign operations(3.5)%(1.6)%(1.0)%
U.S. Federal research and development credits(2.2)%(2.1)%(2.3)%
Tax reserve releases(1.8)%(2.1)%(4.8)%
Intellectual property restructuring and tax law changes— %(2.5)%(16.2)%
Other0.9 %0.7 %0.2 %
Effective tax rate21.0 %14.2 %1.1 %
Our effective income tax rates for 2022 and 2021 were 21.0% and 14.2%. The effective income tax rate in 2022 increased compared to 2021 primarily due to a one-time tax benefit recorded in 2021 related to the revaluation of the Netherlands deferred tax assets mentioned below and lower stock-based compensation deductions during 2022.
In December 2021, due to a change in the Netherlands tax law, the statutory tax rate was increased from 25.0% to 25.8% effective January 1, 2022. As a result, we recorded a one-time tax benefit of $14.4 million in 2021 due to the revaluation of the Netherlands deferred tax assets.
Deferred income taxes reflect the net effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The significant components of deferred tax assets and liabilities were as follows:
At the End of Year20222021
(In millions)  
Deferred tax liabilities:
Global intangible low-taxed income$137.8 $207.6 
Purchased intangibles121.1 115.8 
Operating lease right-of-use assets29.0 33.5 
Other16.1 12.7 
Total deferred tax liabilities304.0 369.6 
Deferred tax assets:
Depreciation and amortization400.0 474.9 
Capitalized research and development67.5 6.9 
Operating lease liabilities
32.8 36.4 
U.S. tax credit carryforwards25.6 25.8 
Expenses not currently deductible30.9 43.7 
Foreign net operating loss carryforwards15.3 18.0 
Stock-based compensation
13.8 13.9 
U.S. net operating loss carryforwards4.7 5.8 
Other36.6 28.8 
Total deferred tax assets627.2 654.2 
Valuation allowance(42.6)(45.7)
Total deferred tax assets584.6 608.5 
Total net deferred tax assets$280.6 $238.9 
Reported as:
Non-current deferred income tax assets$438.4 $502.0 
Non-current deferred income tax liabilities(157.8)(263.1)
Net deferred tax assets$280.6 $238.9 
At the end of 2022, we have U.S. federal and foreign net operating loss carryforwards, or NOLs, of approximately $9.8 million and $82.4 million, respectively. The U.S. federal NOLs will begin to expire in 2026. There is generally no expiration for the foreign NOLs. Utilization of our U.S. federal NOLs is subject to annual limitations in accordance with the applicable tax code. We have determined that it is more likely than not that we will not realize a portion of the foreign NOLs and, accordingly, a valuation allowance has been established for such amount.
We have California research and development credit carryforwards of approximately $33.6 million, which have an indefinite carryforward period. We believe that it is more likely than not that we will not realize a significant portion of the California research and development credit carryforwards and, accordingly, a valuation allowance has been established for such amount.
As a result of the Tax Act, we can repatriate foreign earnings back to the U.S. when needed with minimal U.S. income tax consequences. We reinvested a large portion of our undistributed foreign earnings in acquisitions and other investments and intend to bring back a portion of foreign cash that was subject to the transition tax and the global intangible low-taxed income tax. During 2022, we repatriated $350.3 million of our foreign earnings to the U.S.
The total amount of unrecognized tax benefits at the end of 2022 was $76.5 million. A reconciliation of gross unrecognized tax benefits was as follows: 
202220212020
(In millions)
Beginning balance$64.2 $64.1 $71.6 
Increase related to current year tax positions23.0 9.6 8.0 
(Decrease) increase related to prior years' tax positions(0.7)1.3 (0.4)
Settlement with taxing authorities— (1.3)(0.5)
Lapse of statute of limitations(10.0)(9.5)(14.6)
Ending balance$76.5 $64.2 $64.1 
Total unrecognized tax benefits that, if recognized, would affect our effective tax rate were $51.6 million and $42.3 million at the end of 2022 and 2021.
We and our subsidiaries are subject to U.S. federal, state, and foreign income taxes. Our tax years are substantially closed for all U.S. federal and state income taxes for audit purposes through 2015. Non-U.S. income tax matters have been concluded for years through 2008. We are currently in various stages of multiple year examinations from state and foreign (multiple jurisdictions) taxing authorities. While we generally believe it is more likely than not that our tax positions will be sustained, it is reasonably possible that future obligations related to these matters could arise. We believe that our reserves are adequate to cover any potential assessments that may result from the examinations and negotiations.
Although timing of the resolution and/or closure of audits is not certain, we do not believe that our gross unrecognized tax benefits would materially change in the next twelve months.
Our practice is to recognize interest and/or penalties related to income tax matters in income tax expense. Our liability for unrecognized tax benefits including interest and penalties was recorded in Other non-current liabilities on our Consolidated Balance Sheets. At the end of 2022 and 2021, we accrued $8.4 million and $9.2 million for interest and penalties.
On August 16, 2022, the U.S. federal government enacted the Inflation Reduction Act (“IRA”) of 2022. The IRA includes a 15% corporate alternative minimum tax effective in 2024 for certain large corporations, a 1% excise tax on net share repurchases after December 31, 2022, and several tax incentives to promote clean energy. We do not expect the provisions of the IRA to have a material impact on our financial results.
v3.22.4
Employee Stock Benefit Plans
 12 Months Ended
Dec. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Employee Stock Benefit Plans
NOTE 13: EMPLOYEE STOCK BENEFIT PLANS
Amended and Restated 2002 Stock Plan
In May 2020, our stockholders approved an amendment to the 2002 Stock Plan to increase the number of shares of common stock available for issuance by 18.0 million shares. As such, our Amended and Restated 2002 Stock Plan provides for the granting of incentive and non-statutory stock options and Restricted Stock Units (“RSUs”) for up to 92.6 million shares. At the end of 2022, the remaining number of shares available for grant under the 2002 stock plan was 17.6 million.
Stock-Based Compensation Expense
The following table summarizes the components of stock-based compensation expense recognized in our Consolidated Statements of Income for the periods indicated:
202220212020
(In millions)   
Restricted stock units$108.7 $110.5 $73.2 
Stock options1.1 1.3 1.5 
ESPP10.6 10.8 8.3 
Total stock-based compensation expense$120.4 $122.6 $83.0 
Stock-based compensation expense was allocated as follows:
202220212020
(In millions)   
Cost of sales$12.6 $9.5 $6.7 
Research and development28.0 29.5 22.1 
Sales and marketing24.6 21.5 16.2 
General and administrative55.2 62.1 38.0 
Total stock-based compensation expense$120.4 $122.6 $83.0 
At the end of 2022, total unamortized stock-based compensation expense was $186.9 million, with a weighted-average recognition period of 1.9 years.
Restricted Stock Units
We grant RSUs containing only service conditions and RSUs containing a combination of service, performance, and market conditions (“PSUs”). RSUs containing only service conditions typically vest ratably over a three- to four-year service period. PSUs are granted to executive officers and other senior employees and vest after a two- to three-year service period.
The fair value at the grant date is determined by (a) the closing price of our common stock for awards containing only service or both service and performance conditions, or (b) the Monte Carlo valuation model for awards containing both service and market conditions.
For PSUs, the number of shares received at vesting will range from 0% to 200% of the target grant amount based on either market conditions or performance conditions. Market conditions consider our relative total stockholder return (“TSR”) of our common stock as compared to the TSR of the constituents of the S&P 500 over the vesting period. Performance conditions consider the achievement of our financial results over the vesting period.
2022 Restricted Stock Units Outstanding
Number of Units (1)
Weighted Average
Grant-Date Fair Value per Share
(In millions, except for per share data)  
Outstanding at the beginning of year4.3 $56.96 
Granted (2)
2.3 73.32 
Shares vested, net (2)
(1.9)52.21 
Canceled and forfeited(0.7)63.02 
Outstanding at the end of year4.0 $67.32 
(1)    Includes 0.3 million PSUs granted, 0.5 million PSUs vested, 0.3 million PSUs cancelled and forfeited, and 0.6 million PSUs outstanding at the end of the year.
(2)    Excludes approximately 0.1 million PSUs related to achievement above target levels at the vesting date.
The weighted-average grant date fair value of all RSUs granted during 2022, 2021, and 2020 was $73.32, $78.44, and $42.50 per share. The fair value of all RSUs vested during 2022, 2021, and 2020 was $108.3 million, $81.4 million, and $78.0 million.
Employee Stock Purchase Plan
We have an ESPP under which our stockholders have approved an aggregate of 39.0 million shares of common stock for issuance to eligible employees. The fair value at the grant date is based on the Black-Scholes valuation model. The plan permits eligible employees to purchase common stock through payroll deductions at 85% of the lower of the fair market value of the common stock at the beginning or at the end of each offering period, which is six months. Rights to purchase shares are granted during the first and third quarter of each year. The ESPP terminates on March 15, 2027. In 2022, 2021, and 2020, 0.6 million, 0.6 million, and 0.8 million shares were issued, representing $34.7 million, $33.4 million, and $26.9 million in cash received for the issuance of stock under the ESPP. At the end of 2022, the number of shares reserved for future purchases was 5.4 million.
v3.22.4
Common Stock Repurchase
 12 Months Ended
Dec. 30, 2022
Equity [Abstract]  
Common Stock Repurchase
NOTE 14: COMMON STOCK REPURCHASE
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 has been cancelled.
Under the 2021 Stock Repurchase Program, we may repurchase shares from time to time, subject to business and market conditions and other investment opportunities, 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 2022, 2021, and 2020, we repurchased approximately 6.0 million, 2.1 million, and 1.9 million shares of common stock in open market purchases under our 2017 and 2021 Stock Repurchase Programs, at an average price of $65.90, $85.75, and $43.40 per share, for a total of $394.7 million, $180.0 million, and $81.6 million. At the end of 2022, the 2021 Stock Repurchase Program had remaining authorized funds of $215.3 million.
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 was charged to retained earnings. As a result of the 2022 repurchases, retained earnings was reduced by $347.0 million in 2022. Common stock repurchases under the program were recorded based upon the trade date for accounting purposes.
Because of the additional outstanding indebtedness we have and expect to incur in connection with the pending Transporeon acquisition, we have temporarily discontinued our share repurchases. See Note 3 “Acquisition and Divestitures” of this report for future information regarding our intended acquisition of Transporeon.
v3.22.4
Description Of Business And Accounting Policies (Policy)
 12 Months Ended
Dec. 30, 2022
Accounting Policies [Abstract]  
Basis Of Presentation
Basis of Presentation
These 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 52–53 week fiscal year ending on the Friday nearest to December 31. Fiscal 2022, 2021, and 2020 were all 52-week years ending on December 30, 2022, December 31, 2021, and January 1, 2021. Unless otherwise stated, all dates refer to our fiscal year and fiscal periods.
Use Of Estimates
Use of 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.
Reportable Segments
Reportable Segments
We report our financial performance, including revenue and operating income, based on four reportable segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation.
Our Chief Executive Officer and Chief Operating Decision Maker views and evaluates operations based on the results of our reportable operating segments under our management reporting system. These results are not necessarily in conformance with U.S. GAAP.
Revenue Recognition
Revenue Recognition
Significant Judgments
Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services.  Revenue is recognized net of allowance for returns and any taxes collected from customers. We enter into contracts that may include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations; however, determining whether products or services are considered distinct performance obligations that should be accounted for separately versus together may sometimes require significant judgment.
Judgment is required to determine SSP for each performance obligation.  We use a range of amounts to estimate SSP when products and services are sold separately and determine whether there is a discount to be allocated based on the relative SSP of the various products and services.  In instances where SSP is not directly observable, we determine SSP using information that may include market conditions and other observable inputs.
Nature of Goods and Services
We generate revenue primarily from products, services, and subscriptions; each of which is a distinct performance obligation. Descriptions are as follows:
Product
Product revenue includes hardware and software licenses.
Hardware is recognized when the control of the product transfers to the customer, which is generally when the product is shipped.  We recognize shipping fees reimbursed by customers as revenue and the cost for shipping as an expense in Cost of sales when control over products has transferred to the customer.
Software including perpetual and term licenses is recognized upon delivery and commencement of license term.  In general, our contracts do not provide for customer specific acceptances.
Service
Service revenue includes hardware and software maintenance and support and professional services.
Hardware maintenance and support, commonly called extended warranty, entitles the customer to receive replacement parts and repair services.  Extended warranty is separately priced and is recognized on a straight-line basis over the extended service period, which begins after the standard warranty period, ranging from one to two years depending on the product line.
Software maintenance and support entitles the customer to receive software product upgrades and enhancements on a when and if available basis and technical support. Software maintenance is recognized on a straight-line basis commencing upon product delivery over the post-contract support term, which ranges from one to three years, with one year being most common.
Professional services include installation, training, configuration, project management, system integrations, customization, data migration/conversion, and other implementation services. The majority of professional services are not complex, can be provided by other vendors, and are readily available and billed on a time-and-material basis. Revenue for distinct professional services is recognized over time, based on work performed.
Subscription
Subscription revenue includes Software as a Service (“SaaS”), data, and hosting services.
SaaS may be sold with devices used to collect, generate, and transmit data.  SaaS is distinct from the related devices. In addition, we may host the software that the customer has separately licensed. Hosting services are distinct from the underlying software.
Subscription terms generally range from month-to-month to one to three years.  Subscription revenue is recognized monthly over the subscription term, commencing from activation.
Accounts Receivable, Net
Accounts Receivable, Net
Accounts receivable, net, includes billed and unbilled amounts due from customers. Unbilled receivables include revenue recognized that exceeds the amount billed to the customer, provided the billing is not contingent upon future performance, and we have the unconditional right to future payment with only the passage of time required. Both billed and unbilled amounts due are stated at their net estimated realizable value. The unbilled receivables were $33.6 million and $39.5 million at the end of 2022 and 2021.
We maintain an allowance for credit losses to provide for the estimated amount of receivables that will not be collected. Each reporting period, we evaluate the collectability of our trade accounts receivable based on a number of factors such as age of the accounts receivable balances, credit quality, historical experience, and current and future economic conditions that may affect a customer’s ability to pay.
Deferred Costs to Obtain Customer Contracts Deferred Costs to Obtain Customer ContractsSales commissions incurred in obtaining contracts that include maintenance or subscription revenue are deferred if the contractual term is greater than a year or if renewals are expected, and the renewal commission is not commensurate with the initial commission. These commission costs are deferred and amortized over the estimated benefit period, which is either the contract term or the shorter of customer life or product life that ranges from three to seven years. Contracts with an amortization period of a year or less from this deferral requirement are expensed as incurred.
Inventories
Inventories
Inventories are stated at the lower of cost or net realizable value. Adjustments are also made to reduce the cost of inventory for estimated excess or obsolete balances. Factors influencing these adjustments include declines in demand that impact inventory purchasing forecasts, technological changes, product lifecycle and development plans, component cost trends, product pricing, physical deterioration, and quality issues. If our estimate used to reserve for excess and obsolete inventory differs from what is expected, we may be required to recognize additional reserves, which would negatively impact our gross margin.
Property and Equipment, Net
Property and Equipment, Net
Property and equipment are depreciated using the straight-line method over the shorter of the estimated useful lives or the lease terms when applicable. Useful lives generally range from four to six years for machinery and equipment, five to ten years for furniture and fixtures, two to five years for computer equipment and software, thirty-nine years for buildings, and the life of the lease for leasehold improvements. We capitalize eligible costs to acquire or develop certain internal-use software and amortize those assets using the straight-line method over the estimated useful lives of the assets, which range from two to five years.
Leases
Leases
We determine if an arrangement is a lease at inception. Operating leases with lease terms greater than one year are included in Operating lease right-of-use (“ROU”) assets, in both Other current liabilities, and Operating lease liabilities in our Consolidated Balance Sheets.
ROU assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Present value is determined by using our incremental borrowing rate based on the estimated rate of interest for collateralized borrowings over a similar term of the lease payments at commencement date. The operating lease ROU asset includes adjustments made for uneven rents, lease incentives, and lease impairments. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
Lease agreements that include both lease and non-lease components are accounted for as part of the overall lease arrangement.
Business Combinations
Business Combinations
We allocate the fair value of purchase consideration to the assets acquired, liabilities assumed, and any noncontrolling interest based on their fair values at the acquisition date. When determining the fair values, we make significant estimates and assumptions, especially concerning intangible assets. Critical estimates when valuing intangible assets include expected future cash flows based on consideration of future growth rates and margins, customer attrition rates, future changes in technology and brand awareness, loyalty and position, and discount rates. Any purchase consideration in excess of the fair values of the net assets acquired is recorded as goodwill.
Amounts recorded in a business combination may change during the measurement period, which is a period not to exceed one year from the date of acquisition, as additional information about conditions existing at the acquisition date becomes available.
Acquisition costs are expensed as incurred.
Goodwill
Goodwill
We evaluate goodwill on an annual basis or more frequently if indicators of potential impairment exist. To determine whether goodwill is impaired, we first assess qualitative factors. Qualitative factors include but are not limited to macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, or other relevant company-specific events. If it is determined more likely than not that the fair value of a goodwill reporting unit is less than its carrying amount, we perform a quantitative analysis. Alternatively, we may bypass the qualitative assessment and perform a quantitative impairment test.
When performing a quantitative approach, we compare the reporting unit’s carrying amount, including goodwill, to the reporting unit's fair value. The estimation of a reporting unit's fair value involves using estimates and assumptions, including expected future operating performance using risk-adjusted discount rates. If the reporting unit's carrying amount exceeds its fair value, an impairment loss is recognized.
Intangible Assets
Intangible Assets
Intangible assets acquired in a business combination are recorded at fair value. Our intangible assets are amortized over the period of estimated benefit using the straight-line method over their estimated useful lives, which range from three years to ten years and have a weighted-average useful life of approximately seven years. We write off fully amortized intangible assets when those assets are no longer used.
We review intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of those assets may not be recoverable based on their future cash flows. The estimated future cash flows are primarily based upon assumptions about expected future operating performance.
Warranty
Warranty
We accrue for warranty costs as part of our cost of sales based on associated material product costs, technical support labor costs, and costs incurred by third parties performing work on our behalf. Our expected future cost is primarily estimated based upon historical trends in the volume of product returns within the warranty period and the cost to repair or replace the equipment. When products sold include warranty provisions, they are covered by a warranty for periods ranging from one year to two years.
Accrued warranty expenses of $11.7 million and $17.1 million are included in Other current liabilities in the Consolidated Balance Sheets at the end of 2022 and 2021.
Foreign Currency Translation
Foreign Currency Translation
Assets and liabilities recorded in foreign currency are translated to U.S. dollars at the exchange rates on the balance sheet date. Revenue and expense are translated at average monthly exchange rates during the year. Translation adjustments resulting from this process are recorded to other comprehensive income.
Stock-Based Compensation Stock-Based CompensationStock-based compensation expense is based on the measurement date fair value of the awards, net of expected forfeitures. Expense is generally recognized on a straight-line basis over the requisite service period of the stock awards. The estimate of the forfeiture rate is based on historical experience.
Research And Development Costs
Research and Development Costs
Research and development costs are expensed as incurred. Development costs for software to be sold subsequent to reaching technical feasibility were not significant and were expensed as incurred. We offset research and development expense with any unconditional third party funding earned and retain the rights to any technology developed under such arrangements.
Income Taxes
Income Taxes
Income taxes are accounted for under the liability method, whereby deferred tax assets or liability account balances are calculated at the balance sheet date using current tax laws and rates in effect for the year in which the differences are expected to affect taxable income. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets if it is more likely than not such assets will not be realized. Our valuation allowance is primarily attributable to foreign net operating losses and state research and development credit carryforwards.
Relative to uncertain tax positions, we only recognize a tax benefit if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. We consider many factors when evaluating and estimating our tax positions and tax benefits, which may require periodic adjustments and may not accurately forecast actual tax audit outcomes. Changes in recognition or measurement of our uncertain tax positions would result in the recognition of a tax benefit or an additional charge to the tax provision. Our practice is to recognize interest and/or penalties related to income tax matters in income tax expense.
We are subject to income taxes in the U.S. and numerous other countries and are subject to routine corporate income tax audits in many of these jurisdictions. We generally believe that positions taken on our tax returns are more likely than not to be sustained upon audit, but tax authorities in some circumstance have, and may in the future, successfully challenge these positions. Accordingly, our income tax provision includes amounts intended to satisfy assessments that may result from these challenges. The amounts ultimately paid on resolution of an audit could be materially different from the amounts previously included in our income tax provision and, therefore, could have a material impact on our income tax provision, net income, and cash flows.
Concentration Of Risk
Concentrations of Risk
Cash and cash equivalents are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions of reputable credit and therefore bear minimal credit risk.
We are also exposed to credit risk in our trade receivables, which are derived from sales to end-user customers in diversified industries as well as various resellers. We perform ongoing credit evaluations of our customers’ financial conditions and limit the amount of credit extended, when deemed necessary, but generally do not require collateral.
In addition, we rely on a limited number of suppliers for a number of our critical components.
Guarantees, Including Indirect Guarantees Of Indebtedness Of Others
Guarantees, Including Indirect Guarantees of Indebtedness of Others
In the normal course of business to facilitate sales of our products, we indemnify other parties, including customers, lessors, and parties to other transactions with us with respect to certain matters. We may agree to hold the other party harmless against losses arising from a breach of representations or covenants, or out of intellectual property infringement or other claims made against certain parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. In connection with divesting some of our businesses or assets, we may also indemnify purchasers for certain matters in the normal course of business, such as breaches of representations, covenants, or excluded liabilities. In addition, we entered into indemnification agreements with our officers and directors, and our bylaws contain similar indemnification obligations to our agents.
It is not possible to determine the maximum potential amount under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Historically, payments made under these agreements were not material, and no liabilities have been recorded for these obligations in the Consolidated Balance Sheets at the end of 2022 and 2021.
Derivative Financial Instruments
Derivative Financial Instruments
We enter into foreign exchange forward contracts to minimize the short-term impact of foreign currency fluctuations on cash and certain trade and intercompany receivables and payables, primarily denominated in New Zealand Dollars, Brazil Real, Canadian Dollars, Norwegian Krone, and Euro. These contracts reduce the exposure to fluctuations in foreign currency exchange rate movements, as the gains and losses associated with foreign currency balances are generally offset with the gains and losses on the forward contracts. We occasionally enter into foreign currency contracts to minimize the impact of foreign currency fluctuations on the purchase price of pending acquisitions, including the fourth quarter of 2022 foreign currency contract for the €1.88 billion or $2.0 billion pending acquisition of Transporeon. The above-mentioned foreign currency contracts are marked-to-market through earnings every reporting period and generally range in maturity from one to two months, or from four to six months for contracts related to acquisitions. We do not enter into foreign currency forward contracts for trading purposes.
In the fourth quarter of 2022, in conjunction with the pending acquisition of Transporeon, we entered into a contract to offset the changes in the price of U.S. Treasury Notes with an original maturity of 10 years (“Treasury Rate Lock”). The purpose of the Treasury Rate Lock is to minimize the impact of interest rate fluctuations on new fixed-rate debt expected to be issued in connection with this acquisition. This derivative contract is accounted for as a cash flow hedge and is marked-to-market each period with gains or losses recorded through other comprehensive income. Upon issuance of the debt, the derivative is settled, and the other comprehensive income is amortized as interest expense over the 10-year debt term by use of the effective interest rate method. At the end of 2021, there were no derivatives outstanding that were accounted for as hedges.
Recently issued Accounting Pronouncements not yet Adopted and Recent Adopted Accounting Pronouncements
Recently issued Accounting Pronouncements not yet Adopted
There are no recently issued accounting pronouncements applicable or material to us not yet adopted.
Recent Adopted Accounting Pronouncements
There are no recently adopted accounting pronouncements.
v3.22.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 30, 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:
202220212020
(In millions, except per share data)   
Numerator:
Net income attributable to Trimble Inc.$449.7 $492.7 $389.9 
Denominator:
Weighted average number of common shares used in basic earnings per share248.6 251.4 250.5 
Effect of dilutive securities1.6 2.9 1.8 
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share250.2 254.3 252.3 
Basic earnings per share$1.81 $1.96 $1.56 
Diluted earnings per share$1.80 $1.94 $1.55 
Antidilutive weighted-average shares (1)
1.3 0.1 0.5 
(1)    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.
v3.22.4
Acquisitions And Divestitures (Tables)
 12 Months Ended
Dec. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Combination, Separately Recognized Transactions
The following table summarizes the business combinations completed during the periods indicated:
202220212020
(In millions)
Fair value of total purchase consideration$379.5 $237.5 $205.1 
Less fair value of net assets acquired:
Net tangible assets acquired(9.2)(5.2)(1.6)
Identified intangible assets131.4 67.2 56.7 
Deferred taxes(0.8)— 0.7 
Goodwill$258.1 $175.5 $149.3 
v3.22.4
Intangible Assets And Goodwill (Tables)
 12 Months Ended
Dec. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Intangible Assets
The following table presents a summary of our intangible assets:
At the End of 2022At the End of 2021
(In millions)Weighted-Average Useful Lives (in years)Gross Carrying
Amount		Accumulated
Amortization		Net  Carrying
Amount		Gross Carrying
Amount		Accumulated
Amortization		Net  Carrying
Amount
Developed product technology6$1,004.8 $(722.7)$282.1 $1,011.9 $(748.2)$263.7 
Customer relationships8654.1 (445.9)208.2 667.8 (428.9)238.9 
Trade names and trademarks639.5 (32.7)6.8 48.0 (45.0)3.0 
Distribution rights and other intellectual properties48.0 (7.0)1.0 10.0 (9.0)1.0 
$1,706.4 $(1,208.3)$498.1 $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 2022 was as follows: 
(In millions)
2023$133.5 
2024109.0 
202573.5 
202667.2 
202753.5 
Thereafter61.4 
Total$498.1 
Schedule Of Changes In Carrying Amount Of Goodwill By Operating Segment
The changes in the carrying amount of goodwill by segment were as follows:
Buildings and InfrastructureGeospatialResources and UtilitiesTransportationTotal
(In millions)
Balance as of year end 2021$2,141.4 $403.6 $440.8 $995.7 $3,981.5 
Additions due to acquisition214.4 — 43.7 — 258.1 
Decrease from divestitures(23.9)(6.9)— (6.9)(37.7)
Foreign currency translation and other adjustments(31.8)(14.6)(12.7)(4.9)(64.0)
Balance as of year end 2022$2,300.1 $382.1 $471.8 $983.9 $4,137.9 
v3.22.4
Certain Balance Sheet Components (Tables)
 12 Months Ended
Dec. 30, 2022
Balance Sheet Related Disclosures [Abstract]  
Components Of Net Inventories
The components of inventory, net were as follows:
At the End of Year20222021
(In millions)  
Inventories:
Raw materials$154.9 $129.6 
Work-in-process13.1 12.4 
Finished goods234.5 221.3 
Total inventories$402.5 $363.3 
Components Of Property And Equipment
The components of property and equipment, net were as follows:
At the End of Year20222021
(In millions)  
Property and equipment, net:
Land, building, furniture, and leasehold improvements$244.4 $238.8 
Machinery and equipment177.6 185.8 
Software and licenses146.4 150.9 
Construction in progress 10.1 20.7 
578.5 596.2 
Less: accumulated depreciation(359.5)(363.0)
Total property and equipment, net$219.0 $233.2 
Property and equipment, net by geographic area were as follows:
At the End of Year20222021
(In millions)  
Property and equipment, net:
United States$157.7 $171.3 
Europe40.3 44.8 
Asia Pacific and Rest of World21.0 17.1 
Total property and equipment, net$219.0 $233.2 
Components of Accumulated Other Comprehensive Loss, Net
The components of accumulated other comprehensive loss, net of related tax were as follows:
At the End of Year20222021
(In millions)
Accumulated foreign currency translation adjustments$(241.6)$(160.0)
Gain on cash flow hedge5.4 — 
Net unrealized actuarial gains (losses)1.3 (1.7)
Total accumulated other comprehensive loss$(234.9)$(161.7)
v3.22.4
Reporting Segment And Geographic Information (Tables)
 12 Months Ended
Dec. 30, 2022
Segment Reporting, Measurement Disclosures [Abstract]  
Schedule Of Revenue, Operating Income And Identifiable Assets By Segment
 Reporting Segments
 Buildings and InfrastructureGeospatialResources and UtilitiesTransportationTotal
(In millions)     
2022
Segment revenue$1,494.0 $756.5 $821.6 $604.2 $3,676.3 
Segment operating income 406.3 221.4 278.3 58.8 964.8 
2021
Segment revenue$1,422.7 $828.9 $771.3 $636.5 $3,659.4 
Segment operating income 411.7 244.1 264.0 43.4 963.2 
2020
Segment revenue$1,231.0 $650.5 $630.0 $640.5 $3,152.0 
Segment operating income 338.1 184.4 221.0 50.1 793.6 
 Reporting Segments
 Buildings and InfrastructureGeospatialResources and UtilitiesTransportationTotal
(In millions)     
As of Year End 2022
Accounts receivable, net$305.1 $137.2 $79.2 $121.8 $643.3 
Inventories93.2 146.1 100.3 62.9 402.5 
Goodwill2,300.1 382.1 471.8 983.9 4,137.9 
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 
Goodwill2,141.4 403.6 440.8 995.7 3,981.5 
As of Year End 2020
Accounts receivable, net$260.1 $117.5 $91.2 $151.7 $620.5 
Inventories 59.1 120.1 49.0 73.5 301.7 
Goodwill1,997.4 415.7 453.8 1,009.6 3,876.5 
Reconciliation Of The Company's Consolidated Segment Operating Income To Consolidated Income Before Income Taxes
A reconciliation of our consolidated segment operating income to consolidated income before income taxes was as follows:
202220212020
(In millions)   
Consolidated segment operating income$964.8 $963.2 $793.6 
Unallocated general corporate expenses(123.3)(106.2)(74.0)
Purchase accounting adjustments(131.6)(134.5)(156.6)
Acquisition / divestiture items(32.8)(21.8)(21.4)
Stock-based compensation / deferred compensation(112.0)(128.6)(90.4)
Restructuring and other costs(54.2)(11.1)(31.4)
Consolidated operating income510.9 561.0 419.8 
Total non-operating income (expense), net58.2 13.6 (24.8)
Consolidated income before taxes$569.1 $574.6 $395.0 
Schedule Of Revenue From Customers by Geographic Area
 Reporting Segments
 Buildings and InfrastructureGeospatialResources and UtilitiesTransportationTotal
(In millions)     
2022
North America$938.1 $320.7 $227.0 $469.4 $1,955.2 
Europe337.1 247.8 374.3 78.7 1,037.9 
Asia Pacific192.8 140.3 51.7 30.3 415.1 
Rest of World26.0 47.7 168.6 25.8 268.1 
Total segment revenue $1,494.0 $756.5 $821.6 $604.2 $3,676.3 
2021
North America$823.5 $337.3 $212.2 $493.1 $1,866.1 
Europe386.6 282.3 368.4 87.3 1,124.6 
Asia Pacific188.4 161.4 67.3 30.2 447.3 
Rest of World24.2 47.9 123.4 25.9 221.4 
Total segment revenue $1,422.7 $828.9 $771.3 $636.5 $3,659.4 
2020
North America$703.4 $249.9 $191.4 $502.5 $1,647.2 
Europe337.1 222.3 284.3 78.4 922.1 
Asia Pacific165.7 138.2 64.5 34.9 403.3 
Rest of World24.8 40.1 89.8 24.7 179.4 
Total segment revenue $1,231.0 $650.5 $630.0 $640.5 $3,152.0 
Components Of Property And Equipment
The components of property and equipment, net were as follows:
At the End of Year20222021
(In millions)  
Property and equipment, net:
Land, building, furniture, and leasehold improvements$244.4 $238.8 
Machinery and equipment177.6 185.8 
Software and licenses146.4 150.9 
Construction in progress 10.1 20.7 
578.5 596.2 
Less: accumulated depreciation(359.5)(363.0)
Total property and equipment, net$219.0 $233.2 
Property and equipment, net by geographic area were as follows:
At the End of Year20222021
(In millions)  
Property and equipment, net:
United States$157.7 $171.3 
Europe40.3 44.8 
Asia Pacific and Rest of World21.0 17.1 
Total property and equipment, net$219.0 $233.2 
v3.22.4
Debt (Tables)
 12 Months Ended
Dec. 30, 2022
Long-Term Debt, Current and Noncurrent [Abstract]  
Schedule Of Debt
Debt consisted of the following:
At the End of YearEffective interest rate
(In millions, except percentages)Date of Issuance
for 2022
20222021
Senior Notes:
   Senior Notes, 4.15%, due June 2023
June 20184.36%$300.0 $300.0 
   Senior Notes, 4.75%, due December 2024
November 20144.95%400.0 400.0 
   Senior Notes, 4.90%, due June 2028
June 20185.04%600.0 600.0 
Credit Facilities:
   2022 Revolving Credit Facility, due March 2027September 20225.54%225.0 — 
Unamortized discount and issuance costs(5.0)(6.8)
Total debt1,520.0 1,293.2 
Less: Short-term debt300.0 — 
Long-term debt$1,220.0 $1,293.2 
Schedule of Maturities of Long-term Debt
Debt Maturities
At the end of 2022, our debt maturities based on outstanding principal were as follows:
(In million)
2023$300.0 
2024400.0 
2025— 
2026— 
2027225.0 
Thereafter600.0 
Total$1,525.0 
v3.22.4
Leases (Tables)
 12 Months Ended
Dec. 30, 2022
Leases [Abstract]  
Schedule Of Lease Costs
Operating lease expense consisted of:
At the End of Year20222021
(In millions) 
Operating lease expense$36.3 $35.5 
Short-term lease expense and other14.8 17.8 
Total lease expense$51.1 $53.3 
Supplemental cash flow information related to leases was as follows:
At the End of Year20222021
(In millions)
Cash paid for liabilities included in the measurement of lease liabilities:
Operating cash flows from operating leases (1)
$35.0 $35.9 
Right-of-use assets obtained in exchange for Operating lease liabilities:$26.3 $49.5 
(1)Excludes cash payments for short-term leases, which are not capitalized.
Supplemental balance sheet information related to leases was as follows:
At the End of Year20222021
(In millions)
Operating lease right-of-use assets$121.2 $141.0 
Other current liabilities$35.0 $35.0 
Operating lease liabilities105.1 121.4 
  Total operating lease liabilities$140.1 $156.4 
Weighted-average discount rate 3.30 %3.31 %
Weighted-average remaining lease term6 years7 years
Operating Lease Maturities
At the end of 2022, the maturities of lease liabilities were as follows:
(In millions)
2023$37.3 
202430.3 
202522.2 
202616.9 
202713.3 
Thereafter35.8 
Total lease payments$155.8 
Less: imputed interest15.7 
Total $140.1 
v3.22.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 30, 2022
Fair Value Disclosures [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis
Fair Values as of the end of 2022Fair Values as of the end of 2021
Quoted prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable InputsQuoted prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable Inputs
(In millions)(Level I)(Level II)(Level III)Total(Level I)(Level II)(Level III)Total
Assets
Deferred compensation plan (1)
$31.5 $— $— $31.5 $44.7 $— $— $44.7 
Derivatives (2)
— 18.0 — 18.0 — 0.1 — 0.1 
Contingent consideration (3)
— — 3.1 3.1 — — — — 
Total assets measured at fair value$31.5 $18.0 $3.1 $52.6 $44.7 $0.1 $— $44.8 
Liabilities
Deferred compensation plan (1)
$31.5 $— $— $31.5 $44.7 $— $— $44.7 
Derivatives (2)
— 0.2 — 0.2 — 0.2 — 0.2 
Contingent consideration (3)
— — — — — — 12.8 12.8 
Total liabilities measured at fair value$31.5 $0.2 $— $31.7 $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 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 and a Treasury Rate Lock contract that are included in Other current assets and Other current liabilities on our Consolidated Balance Sheets.
(3)Represents arrangements to receive payments from buyers of our divested companies or pay former owners of acquired companies that are included in Other current and non-current assets or Other current liabilities on our Consolidated Balance Sheets. The fair values are estimated using scenario-based methods based upon estimated future milestones.
v3.22.4
Deferred Revenue and Remaining Performance Obligations (Tables)
 12 Months Ended
Dec. 30, 2022
Revenue from Contract with Customer [Abstract]  
Contract with Customer Rollforward
Changes in our deferred revenue during 2022 and 2021 were as follows: 
20222021
(In millions)
Beginning balance of the period$631.8 $613.8 
Revenue recognized from prior year-end(511.5)(533.8)
Billings net of revenue recognized from current year617.3 551.8 
Ending balance of the period$737.6 $631.8 
v3.22.4
Income Taxes (Tables)
 12 Months Ended
Dec. 30, 2022
Income Tax Disclosure [Abstract]  
Schedule Of Income Before Taxes
Income before taxes and the provision (benefit) for taxes consisted of the following:
202220212020
(In millions)
Income before taxes:
United States$117.7 $144.0 $24.7 
Foreign451.4 430.6 370.3 
Total$569.1 $574.6 $395.0 
Provision (benefit) for taxes:
U.S. Federal:
Current$98.4 $27.1 $(5.8)
Deferred(97.7)(22.9)(16.3)
0.7 4.2 (22.1)
U.S. State:
Current12.6 5.6 0.8 
Deferred(5.0)(2.5)7.1 
7.6 3.1 7.9 
Foreign:
Current48.4 76.0 62.2 
Deferred62.7 (1.5)(43.6)
111.1 74.5 18.6 
Income tax provision$119.4 $81.8 $4.4 
Effective tax rate21.0 %14.2 %1.1 %
Schedule Of Provision For Taxes
Income before taxes and the provision (benefit) for taxes consisted of the following:
202220212020
(In millions)
Income before taxes:
United States$117.7 $144.0 $24.7 
Foreign451.4 430.6 370.3 
Total$569.1 $574.6 $395.0 
Provision (benefit) for taxes:
U.S. Federal:
Current$98.4 $27.1 $(5.8)
Deferred(97.7)(22.9)(16.3)
0.7 4.2 (22.1)
U.S. State:
Current12.6 5.6 0.8 
Deferred(5.0)(2.5)7.1 
7.6 3.1 7.9 
Foreign:
Current48.4 76.0 62.2 
Deferred62.7 (1.5)(43.6)
111.1 74.5 18.6 
Income tax provision$119.4 $81.8 $4.4 
Effective tax rate21.0 %14.2 %1.1 %
Schedule Of Difference Between The Tax Provision At The Statutory Federal Income Tax Rate And The Tax Provision As A Percentage Of Income Before Taxes (Effective Tax Rate)
The difference between the tax provision (benefit) at the statutory federal income tax rate and the tax provision (benefit) as a percentage of income before taxes (“effective tax rate”) was as follows:
202220212020
Statutory federal income tax rate21.0 %21.0 %21.0 %
Increase (reduction) in tax rate resulting from:
Foreign income taxed at different rates4.4 %0.5 %1.7 %
Change in valuation allowance— %— %2.0 %
U.S. State income taxes1.0 %1.1 %0.5 %
Stock-based compensation1.8 %1.7 %1.5 %
Excess tax benefit related to stock-based compensation(0.6)%(2.5)%(1.5)%
Other U.S. taxes on foreign operations(3.5)%(1.6)%(1.0)%
U.S. Federal research and development credits(2.2)%(2.1)%(2.3)%
Tax reserve releases(1.8)%(2.1)%(4.8)%
Intellectual property restructuring and tax law changes— %(2.5)%(16.2)%
Other0.9 %0.7 %0.2 %
Effective tax rate21.0 %14.2 %1.1 %
Schedule Of Deferred Tax Assets And Liabilities The significant components of deferred tax assets and liabilities were as follows:
At the End of Year20222021
(In millions)  
Deferred tax liabilities:
Global intangible low-taxed income$137.8 $207.6 
Purchased intangibles121.1 115.8 
Operating lease right-of-use assets29.0 33.5 
Other16.1 12.7 
Total deferred tax liabilities304.0 369.6 
Deferred tax assets:
Depreciation and amortization400.0 474.9 
Capitalized research and development67.5 6.9 
Operating lease liabilities
32.8 36.4 
U.S. tax credit carryforwards25.6 25.8 
Expenses not currently deductible30.9 43.7 
Foreign net operating loss carryforwards15.3 18.0 
Stock-based compensation
13.8 13.9 
U.S. net operating loss carryforwards4.7 5.8 
Other36.6 28.8 
Total deferred tax assets627.2 654.2 
Valuation allowance(42.6)(45.7)
Total deferred tax assets584.6 608.5 
Total net deferred tax assets$280.6 $238.9 
Reported as:
Non-current deferred income tax assets$438.4 $502.0 
Non-current deferred income tax liabilities(157.8)(263.1)
Net deferred tax assets$280.6 $238.9 
Schedule Of Reconciliation Of Unrecognized Tax Benefit
The total amount of unrecognized tax benefits at the end of 2022 was $76.5 million. A reconciliation of gross unrecognized tax benefits was as follows: 
202220212020
(In millions)
Beginning balance$64.2 $64.1 $71.6 
Increase related to current year tax positions23.0 9.6 8.0 
(Decrease) increase related to prior years' tax positions(0.7)1.3 (0.4)
Settlement with taxing authorities— (1.3)(0.5)
Lapse of statute of limitations(10.0)(9.5)(14.6)
Ending balance$76.5 $64.2 $64.1 
v3.22.4
Employee Stock Benefit Plans (Tables)
 12 Months Ended
Dec. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summarizes the Components of Stock-Based Compensation Expense
The following table summarizes the components of stock-based compensation expense recognized in our Consolidated Statements of Income for the periods indicated:
202220212020
(In millions)   
Restricted stock units$108.7 $110.5 $73.2 
Stock options1.1 1.3 1.5 
ESPP10.6 10.8 8.3 
Total stock-based compensation expense$120.4 $122.6 $83.0 
Stock-based compensation expense was allocated as follows:
202220212020
(In millions)   
Cost of sales$12.6 $9.5 $6.7 
Research and development28.0 29.5 22.1 
Sales and marketing24.6 21.5 16.2 
General and administrative55.2 62.1 38.0 
Total stock-based compensation expense$120.4 $122.6 $83.0 
Summary of Performance of Our Financial Results
2022 Restricted Stock Units Outstanding
Number of Units (1)
Weighted Average
Grant-Date Fair Value per Share
(In millions, except for per share data)  
Outstanding at the beginning of year4.3 $56.96 
Granted (2)
2.3 73.32 
Shares vested, net (2)
(1.9)52.21 
Canceled and forfeited(0.7)63.02 
Outstanding at the end of year4.0 $67.32 
(1)    Includes 0.3 million PSUs granted, 0.5 million PSUs vested, 0.3 million PSUs cancelled and forfeited, and 0.6 million PSUs outstanding at the end of the year.
(2)    Excludes approximately 0.1 million PSUs related to achievement above target levels at the vesting date.
v3.22.4
Description Of Business And Accounting Policies (Narrative) (Details)
€ in Millions
 1 Months Ended 3 Months Ended 12 Months Ended
Dec. 30, 2022
EUR (€)
Dec. 30, 2022
USD ($)
Dec. 30, 2022
EUR (€)
Dec. 30, 2022
USD ($)
segment
Dec. 31, 2021
USD ($)
Jan. 01, 2021
USD ($)
Accounting Policies [Line Items]            
Reportable segments | segment       4    
Unbilled receivables   $ 33,600,000   $ 33,600,000 $ 39,500,000  
Accounts receivable, allowance for credit loss   5,900,000   5,900,000 7,000,000  
Accounts receivable, credit loss expense (reversal)       7,700,000 2,600,000 $ 7,100,000
Deferred costs to obtain customer contracts   74,700,000   74,700,000 59,700,000  
Accrued warranty expenses   11,700,000   11,700,000 17,100,000  
Payments to acquire businesses, gross       $ 379,500,000   205,100,000
Transporeon            
Accounting Policies [Line Items]            
Payments to acquire businesses, gross € 1,880 $ 2,000,000,000 € 1,880      
Forward contracts            
Accounting Policies [Line Items]            
Derivative financial instruments accounted for as hedges         0  
Land, building, furniture, and leasehold improvements            
Accounting Policies [Line Items]            
Useful life of asset, in years       39 years    
Selling and Marketing Expense            
Accounting Policies [Line Items]            
Amortization expense related to deferred costs to obtain customer contracts       $ 32,000,000 $ 25,900,000 $ 22,800,000
Minimum            
Accounting Policies [Line Items]            
Product warranty term       1 year    
Post contract       1 year    
Subscription revenue term       1 year    
Amortization period   3 years   3 years    
Weighted-Average Useful Lives (in years)       3 years    
Warranty periods for products sold       1 year    
Maturity period of derivative financial instrument, minimum, in months       1 month    
Minimum | Transporeon            
Accounting Policies [Line Items]            
Maturity period of derivative financial instrument, minimum, in months       4 months    
Minimum | Machinery and equipment            
Accounting Policies [Line Items]            
Useful life of asset, in years       4 years    
Minimum | Furniture and fixtures            
Accounting Policies [Line Items]            
Useful life of asset, in years       5 years    
Minimum | Computer equipment and software            
Accounting Policies [Line Items]            
Useful life of asset, in years       2 years    
Minimum | Internal-use of software            
Accounting Policies [Line Items]            
Useful life of asset, in years       2 years    
Maximum            
Accounting Policies [Line Items]            
Product warranty term       2 years    
Post contract       3 years    
Subscription revenue term       3 years    
Amortization period   7 years   7 years    
Weighted-Average Useful Lives (in years)       10 years    
Warranty periods for products sold       2 years    
Maturity period of derivative financial instrument, minimum, in months       2 months    
Maximum | Transporeon            
Accounting Policies [Line Items]            
Maturity period of derivative financial instrument, minimum, in months       6 months    
Maximum | Machinery and equipment            
Accounting Policies [Line Items]            
Useful life of asset, in years       6 years    
Maximum | Furniture and fixtures            
Accounting Policies [Line Items]            
Useful life of asset, in years       10 years    
Maximum | Computer equipment and software            
Accounting Policies [Line Items]            
Useful life of asset, in years       5 years    
Maximum | Internal-use of software            
Accounting Policies [Line Items]            
Useful life of asset, in years       5 years    
Weighted average            
Accounting Policies [Line Items]            
Weighted-Average Useful Lives (in years)       7 years    
v3.22.4
Description Of Business And Accounting Policies (Guarantees) (Details) - USD ($)
Dec. 30, 2022
Dec. 31, 2021
Indemnification agreement    
Loss Contingencies [Line Items]    
Maximum potential exposure indemnification accrual $ 0 $ 0
v3.22.4
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
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Numerator:      
Net income attributable to Trimble Inc. $ 449.7 $ 492.7 $ 389.9
Denominator:      
Weighted average number of common shares used in basic earnings per share (in shares) 248.6 251.4 250.5
Effect of dilutive securities (in shares) 1.6 2.9 1.8
Weighted average number of common shares and dilutive potential common shares used in diluted earnings per share (in shares) 250.2 254.3 252.3
Basic (in dollars per share) $ 1.81 $ 1.96 $ 1.56
Diluted (in dollars per share) $ 1.80 $ 1.94 $ 1.55
Antidilutive weighted-average shares (in shares) 1.3 0.1 0.5
v3.22.4
Acquisitions And Divestitures (Narrative) (Details)
€ in Millions, $ in Millions
 1 Months Ended 3 Months Ended 12 Months Ended
Dec. 30, 2022
EUR (€)
May 30, 2022
USD ($)
Dec. 30, 2022
USD ($)
Dec. 30, 2022
EUR (€)
Dec. 30, 2022
USD ($)
acquisition
business
Dec. 31, 2021
USD ($)
Jan. 01, 2021
USD ($)
acquisition
Business Acquisition [Line Items]              
Total purchase consideration         $ 379.5   $ 205.1
Number of businesses acquired | acquisition         2   3
Acquisition-related costs         $ 20.4 $ 13.6 $ 20.3
Net proceeds from divestitures         $ 215.4 67.3 $ 27.5
Disposal Group, Disposed of by Sale, Not Discontinued Operations              
Business Acquisition [Line Items]              
Number of business disposed | business         6    
Net proceeds from divestitures         $ 226.3    
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Time and Frequency, LOADRITE, Spectra Precision Tools, and SECO              
Business Acquisition [Line Items]              
Net proceeds from divestitures   $ 205.1          
Transporeon              
Business Acquisition [Line Items]              
Total purchase consideration € 1,880   $ 2,000.0 € 1,880      
Agile Assets              
Business Acquisition [Line Items]              
Total purchase consideration           $ 237.5  
Maximum              
Business Acquisition [Line Items]              
Total revenue percentage         1.00%   1.00%
Maximum | Agile Assets              
Business Acquisition [Line Items]              
Total revenue percentage           1.00%  
v3.22.4
Acquisitions And Divestitures (Schedule of Complete Business Combinations) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Business Acquisition [Line Items]      
Goodwill $ 4,137.9 $ 3,981.5 $ 3,876.5
Series of Individually Immaterial Business Acquisitions      
Business Acquisition [Line Items]      
Fair value of total purchase consideration 379.5 237.5 205.1
Net tangible assets acquired (9.2) (5.2) (1.6)
Identified intangible assets 131.4 67.2 56.7
Deferred taxes (0.8)    
Deferred taxes   0.0 0.7
Goodwill $ 258.1 $ 175.5 $ 149.3
v3.22.4
Intangible Assets And Goodwill (Schedule Of Intangible Assets) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 1,706.4 $ 1,737.7
Accumulated Amortization (1,208.3) (1,231.1)
Total 498.1 506.6
Write off of assets $ 79.9 160.1
Impairment Of Intangible Asset Finite Lived, Statement Of Income Or Comprehensive Income, Extensible Enumeration Not Disclosed Flag 160.1 million  
Developed product technology    
Acquired Finite-Lived Intangible Assets [Line Items]    
Weighted-Average Useful Lives (in years) 6 years  
Gross Carrying Amount $ 1,004.8 1,011.9
Accumulated Amortization (722.7) (748.2)
Total $ 282.1 263.7
Customer relationships    
Acquired Finite-Lived Intangible Assets [Line Items]    
Weighted-Average Useful Lives (in years) 8 years  
Gross Carrying Amount $ 654.1 667.8
Accumulated Amortization (445.9) (428.9)
Total $ 208.2 238.9
Trade names and trademarks    
Acquired Finite-Lived Intangible Assets [Line Items]    
Weighted-Average Useful Lives (in years) 6 years  
Gross Carrying Amount $ 39.5 48.0
Accumulated Amortization (32.7) (45.0)
Total $ 6.8 3.0
Distribution rights and other intellectual properties    
Acquired Finite-Lived Intangible Assets [Line Items]    
Weighted-Average Useful Lives (in years) 4 years  
Gross Carrying Amount $ 8.0 10.0
Accumulated Amortization (7.0) (9.0)
Total $ 1.0 $ 1.0
v3.22.4
Intangible Assets And Goodwill (Schedule Of Estimated Future Amortization Expense) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]    
2023 $ 133.5  
2024 109.0  
2025 73.5  
2026 67.2  
2027 53.5  
Thereafter 61.4  
Total $ 498.1 $ 506.6
v3.22.4
Intangible Assets And Goodwill (Changes In Carrying Amount Of Goodwill By Operating Segment) (Details)
$ in Millions
 12 Months Ended
Dec. 30, 2022
USD ($)
Goodwill [Roll Forward]  
Balance as of year end 2021 $ 3,981.5
Additions due to acquisition 258.1
Decrease from divestitures (37.7)
Foreign currency translation and other adjustments (64.0)
Ending Balance 4,137.9
Buildings and Infrastructure  
Goodwill [Roll Forward]  
Balance as of year end 2021 2,141.4
Additions due to acquisition 214.4
Decrease from divestitures (23.9)
Foreign currency translation and other adjustments (31.8)
Ending Balance 2,300.1
Geospatial  
Goodwill [Roll Forward]  
Balance as of year end 2021 403.6
Additions due to acquisition 0.0
Decrease from divestitures (6.9)
Foreign currency translation and other adjustments (14.6)
Ending Balance 382.1
Resources and Utilities  
Goodwill [Roll Forward]  
Balance as of year end 2021 440.8
Additions due to acquisition 43.7
Decrease from divestitures 0.0
Foreign currency translation and other adjustments (12.7)
Ending Balance 471.8
Transportation  
Goodwill [Roll Forward]  
Balance as of year end 2021 995.7
Additions due to acquisition 0.0
Decrease from divestitures (6.9)
Foreign currency translation and other adjustments (4.9)
Ending Balance $ 983.9
v3.22.4
Certain Balance Sheet Components (Components Of Net Inventories) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Balance Sheet Related Disclosures [Abstract]      
Raw materials $ 154.9 $ 129.6  
Work-in-process 13.1 12.4  
Finished goods 234.5 221.3  
Total inventories 402.5 363.3 $ 301.7
Deferred costs, current $ 16.9 $ 13.7  
v3.22.4
Certain Balance Sheet Components (Components Of Property And Equipment) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 578.5 $ 596.2
Less: accumulated depreciation (359.5) (363.0)
Total property and equipment, net 219.0 233.2
Land, building, furniture, and leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 244.4 238.8
Machinery and equipment    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 177.6 185.8
Software and licenses    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 146.4 150.9
Construction in progress    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 10.1 $ 20.7
v3.22.4
Certain Balance Sheet Components (Components Of Accumulated Other Comprehensive Loss, Net Of Related Tax) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract]    
Accumulated foreign currency translation adjustments $ (241.6) $ (160.0)
Gain on cash flow hedge 5.4 0.0
Net unrealized actuarial gains (losses) 1.3 (1.7)
Total accumulated other comprehensive loss $ (234.9) $ (161.7)
v3.22.4
Reporting Segment And Geographic Information (Schedule Of Revenue, Operating Income And Identifiable Assets By Segment) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Segment Reporting Information [Line Items]      
Segment revenue $ 3,676.3 $ 3,659.4 $ 3,152.0
Segment operating income 510.9 561.0 419.8
Segments Revenue      
Segment Reporting Information [Line Items]      
Segment operating income 964.8 963.2 793.6
Buildings and Infrastructure      
Segment Reporting Information [Line Items]      
Segment revenue 1,494.0 1,422.7 1,231.0
Buildings and Infrastructure | Segments Revenue      
Segment Reporting Information [Line Items]      
Segment operating income 406.3 411.7 338.1
Geospatial      
Segment Reporting Information [Line Items]      
Segment revenue 756.5 828.9 650.5
Geospatial | Segments Revenue      
Segment Reporting Information [Line Items]      
Segment operating income 221.4 244.1 184.4
Resources and Utilities      
Segment Reporting Information [Line Items]      
Segment revenue 821.6 771.3 630.0
Resources and Utilities | Segments Revenue      
Segment Reporting Information [Line Items]      
Segment operating income 278.3 264.0 221.0
Transportation      
Segment Reporting Information [Line Items]      
Segment revenue 604.2 636.5 640.5
Transportation | Segments Revenue      
Segment Reporting Information [Line Items]      
Segment operating income $ 58.8 $ 43.4 $ 50.1
v3.22.4
Reporting Segment And Geographic Information (Segment Select Balance Sheet) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Segment Reporting Information [Line Items]      
Accounts receivable, net $ 643.3 $ 624.8 $ 620.5
Inventories 402.5 363.3 301.7
Goodwill 4,137.9 3,981.5 3,876.5
Buildings and Infrastructure      
Segment Reporting Information [Line Items]      
Accounts receivable, net 305.1 246.8 260.1
Inventories 93.2 79.3 59.1
Goodwill 2,300.1 2,141.4 1,997.4
Geospatial      
Segment Reporting Information [Line Items]      
Accounts receivable, net 137.2 134.0 117.5
Inventories 146.1 136.4 120.1
Goodwill 382.1 403.6 415.7
Resources and Utilities      
Segment Reporting Information [Line Items]      
Accounts receivable, net 79.2 112.9 91.2
Inventories 100.3 67.4 49.0
Goodwill 471.8 440.8 453.8
Transportation      
Segment Reporting Information [Line Items]      
Accounts receivable, net 121.8 131.1 151.7
Inventories 62.9 80.2 73.5
Goodwill $ 983.9 $ 995.7 $ 1,009.6
v3.22.4
Reporting Segment And Geographic Information (Reconciliation Of The Company's Consolidated Segment Operating Income To Consolidated Income Before Income Taxes) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Consolidated operating income $ 510.9 $ 561.0 $ 419.8
Unallocated general corporate expenses (1,594.7) (1,473.7) (1,335.1)
Purchase accounting adjustments (131.6) (134.5) (156.6)
Acquisition / divestiture items (32.8) (21.8) (21.4)
Stock-based compensation / deferred compensation (112.0) (128.6) (90.4)
Restructuring and other costs (54.2) (11.1) (31.4)
Total non-operating income (expense), net 58.2 13.6 (24.8)
Consolidated income before taxes 569.1 574.6 395.0
Segments Revenue      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Consolidated operating income 964.8 963.2 793.6
Non-Segment      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Unallocated general corporate expenses $ (123.3) $ (106.2) $ (74.0)
v3.22.4
Reporting Segment And Geographic Information (Segment Revenue by Geography) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Revenue from External Customer [Line Items]      
Segment revenue $ 3,676.3 $ 3,659.4 $ 3,152.0
Buildings and Infrastructure      
Revenue from External Customer [Line Items]      
Segment revenue 1,494.0 1,422.7 1,231.0
Geospatial      
Revenue from External Customer [Line Items]      
Segment revenue 756.5 828.9 650.5
Resources and Utilities      
Revenue from External Customer [Line Items]      
Segment revenue 821.6 771.3 630.0
Transportation      
Revenue from External Customer [Line Items]      
Segment revenue 604.2 636.5 640.5
North America      
Revenue from External Customer [Line Items]      
Segment revenue 1,955.2 1,866.1 1,647.2
North America | Buildings and Infrastructure      
Revenue from External Customer [Line Items]      
Segment revenue 938.1 823.5 703.4
North America | Geospatial      
Revenue from External Customer [Line Items]      
Segment revenue 320.7 337.3 249.9
North America | Resources and Utilities      
Revenue from External Customer [Line Items]      
Segment revenue 227.0 212.2 191.4
North America | Transportation      
Revenue from External Customer [Line Items]      
Segment revenue 469.4 493.1 502.5
Europe      
Revenue from External Customer [Line Items]      
Segment revenue 1,037.9 1,124.6 922.1
Europe | Buildings and Infrastructure      
Revenue from External Customer [Line Items]      
Segment revenue 337.1 386.6 337.1
Europe | Geospatial      
Revenue from External Customer [Line Items]      
Segment revenue 247.8 282.3 222.3
Europe | Resources and Utilities      
Revenue from External Customer [Line Items]      
Segment revenue 374.3 368.4 284.3
Europe | Transportation      
Revenue from External Customer [Line Items]      
Segment revenue 78.7 87.3 78.4
Asia Pacific      
Revenue from External Customer [Line Items]      
Segment revenue 415.1 447.3 403.3
Asia Pacific | Buildings and Infrastructure      
Revenue from External Customer [Line Items]      
Segment revenue 192.8 188.4 165.7
Asia Pacific | Geospatial      
Revenue from External Customer [Line Items]      
Segment revenue 140.3 161.4 138.2
Asia Pacific | Resources and Utilities      
Revenue from External Customer [Line Items]      
Segment revenue 51.7 67.3 64.5
Asia Pacific | Transportation      
Revenue from External Customer [Line Items]      
Segment revenue 30.3 30.2 34.9
Rest of World      
Revenue from External Customer [Line Items]      
Segment revenue 268.1 221.4 179.4
Rest of World | Buildings and Infrastructure      
Revenue from External Customer [Line Items]      
Segment revenue 26.0 24.2 24.8
Rest of World | Geospatial      
Revenue from External Customer [Line Items]      
Segment revenue 47.7 47.9 40.1
Rest of World | Resources and Utilities      
Revenue from External Customer [Line Items]      
Segment revenue 168.6 123.4 89.8
Rest of World | Transportation      
Revenue from External Customer [Line Items]      
Segment revenue $ 25.8 $ 25.9 $ 24.7
v3.22.4
Reporting Segment And Geographic Information (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Segment Reporting Information [Line Items]      
Segment revenue $ 3,676.3 $ 3,659.4 $ 3,152.0
United States      
Segment Reporting Information [Line Items]      
Segment revenue $ 1,777.4 $ 1,687.4 $ 1,502.3
v3.22.4
Reporting Segment And Geographic Information (Schedule Of Long-Lived Assets) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net $ 219.0 $ 233.2
United States    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net 157.7 171.3
Europe    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net 40.3 44.8
Asia Pacific and Rest of World    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net $ 21.0 $ 17.1
v3.22.4
Debt (Schedule Of Debt) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Debt Instrument [Line Items]    
Unamortized discount and issuance costs $ (5.0) $ (6.8)
Total debt 1,520.0 1,293.2
Less: Short-term debt 300.0 0.0
Long-term debt $ 1,220.0 1,293.2
Line of Credit | Revolving Credit Facility    
Debt Instrument [Line Items]    
Effective interest rate 5.54%  
Long-term debt, gross $ 225.0 0.0
Long-term debt $ 225.0  
Senior Notes, 4.15%, due June 2023 | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt, percentage bearing fixed interest, percentage rate 4.15%  
Effective interest rate 4.36%  
Long-term debt, gross $ 300.0 300.0
Senior Notes, 4.75%, due December 2024 | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt, percentage bearing fixed interest, percentage rate 4.75%  
Effective interest rate 4.95%  
Long-term debt, gross $ 400.0 400.0
Senior Notes, 4.90%, due June 2028 | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt, percentage bearing fixed interest, percentage rate 4.90%  
Effective interest rate 5.04%  
Long-term debt, gross $ 600.0 $ 600.0
v3.22.4
Debt (Schedule of Debt Maturities) (Details)
$ in Millions
Dec. 30, 2022
USD ($)
Debt Disclosure [Abstract]  
2023 $ 300.0
2024 400.0
2025 0.0
2026 0.0
2027 225.0
Thereafter 600.0
Total $ 1,525.0
v3.22.4
Debt (Narrative) (Details)
€ in Millions, £ in Millions
 3 Months Ended 12 Months Ended
Dec. 27, 2022
USD ($)
Dec. 11, 2022
EUR (€)
Mar. 24, 2022
USD ($)
Dec. 30, 2022
USD ($)
loan
Dec. 30, 2022
USD ($)
loan
Dec. 30, 2022
EUR (€)
loan
Dec. 30, 2022
GBP (£)
loan
Dec. 27, 2022
EUR (€)
Dec. 31, 2021
USD ($)
Debt Instrument [Line Items]                  
Long-term debt       $ 1,220,000,000 $ 1,220,000,000       $ 1,293,200,000
Bridge Loan                  
Debt Instrument [Line Items]                  
Line of credit facility, maximum borrowing capacity | €               € 500.0  
Debt instrument, increased in margin rate   0.25%              
Debt issuance costs, net       7,300,000 7,300,000        
Interest expense, debt       5,900,000          
Deferred debt issuance costs       $ 1,400,000 $ 1,400,000        
Bridge Loan | Federal Funds                  
Debt Instrument [Line Items]                  
Variable rate   0.50%              
Unsecured Facility | Line of Credit                  
Debt Instrument [Line Items]                  
Debt instrument, term   364 days              
Line of credit facility, maximum borrowing capacity | €   € 1,880.0              
Uncommitted Revolving Credit Facilities $75 million                  
Debt Instrument [Line Items]                  
Number of revolving loan facilities | loan       2 2 2 2    
Current borrowing capacity       $ 75,000,000 $ 75,000,000        
Uncommitted Revolving Credit Facilities 100 million euros                  
Debt Instrument [Line Items]                  
Number of revolving loan facilities | loan       1 1 1 1    
Current borrowing capacity | €           € 100.0      
Uncommitted Revolving Credit Facilities 55 million pounds GBP                  
Debt Instrument [Line Items]                  
Number of revolving loan facilities | loan       1 1 1 1    
Current borrowing capacity | £             £ 55.0    
Line of Credit | 2022 Term Loan Credit Agreement                  
Debt Instrument [Line Items]                  
Line of credit facility, maximum borrowing capacity $ 1,000,000,000                
Line of Credit | 2022 Term Loan Credit Agreement | Federal Funds                  
Debt Instrument [Line Items]                  
Variable rate         0.50%        
Line of Credit | 2022 Term Loan Credit Agreement | SOFR                  
Debt Instrument [Line Items]                  
Variable rate         1.00%        
Line of Credit | 2022 Term Loan Credit Agreement, Three Year Tranche                  
Debt Instrument [Line Items]                  
Debt instrument, term 3 years                
Line of credit facility, maximum borrowing capacity $ 500,000,000                
Line of Credit | 2022 Term Loan Credit Agreement, Three Year Tranche | SOFR | Minimum                  
Debt Instrument [Line Items]                  
Variable rate 1.125%                
Line of Credit | 2022 Term Loan Credit Agreement, Three Year Tranche | SOFR | Maximum                  
Debt Instrument [Line Items]                  
Variable rate 2.00%                
Line of Credit | 2022 Term Loan Credit Agreement, Three Year Tranche | Alternative Base Rate | Minimum                  
Debt Instrument [Line Items]                  
Variable rate 0.125%                
Line of Credit | 2022 Term Loan Credit Agreement, Three Year Tranche | Alternative Base Rate | Maximum                  
Debt Instrument [Line Items]                  
Variable rate 1.00%                
Line of Credit | 2022 Term Loan Credit Agreement, Five Year Tranche                  
Debt Instrument [Line Items]                  
Debt instrument, term 5 years                
Line of credit facility, maximum borrowing capacity $ 500,000,000                
Line of Credit | 2022 Term Loan Credit Agreement, Five Year Tranche | Scenario 1                  
Debt Instrument [Line Items]                  
Percentage of principal payment 0.00%                
Line of Credit | 2022 Term Loan Credit Agreement, Five Year Tranche | Scenario 2                  
Debt Instrument [Line Items]                  
Percentage of principal payment 1.25%                
Line of Credit | 2022 Term Loan Credit Agreement, Five Year Tranche | Scenario 3                  
Debt Instrument [Line Items]                  
Percentage of principal payment 2.50%                
Line of Credit | 2022 Term Loan Credit Agreement, Five Year Tranche | SOFR | Minimum                  
Debt Instrument [Line Items]                  
Variable rate 1.25%                
Line of Credit | 2022 Term Loan Credit Agreement, Five Year Tranche | SOFR | Maximum                  
Debt Instrument [Line Items]                  
Variable rate 2.125%                
Line of Credit | 2022 Term Loan Credit Agreement, Five Year Tranche | Alternative Base Rate | Minimum                  
Debt Instrument [Line Items]                  
Variable rate 0.25%                
Line of Credit | 2022 Term Loan Credit Agreement, Five Year Tranche | Alternative Base Rate | Maximum                  
Debt Instrument [Line Items]                  
Variable rate 1.125%                
Line of Credit | Revolving Credit Facility                  
Debt Instrument [Line Items]                  
Line of credit facility, maximum borrowing capacity $ 600,000,000   $ 1,250,000,000            
Variable rate     0.05%            
Unused commitment fee percentage         0.125%        
Long-term debt       $ 225,000,000 $ 225,000,000        
Change in unused capacity commitment fee     0.01%            
Line of Credit | Revolving Credit Facility | SOFR                  
Debt Instrument [Line Items]                  
Variable rate         1.225%        
Bridge Loan | SOFR | Minimum                  
Debt Instrument [Line Items]                  
Variable rate   1.25%              
Bridge Loan | SOFR | Maximum                  
Debt Instrument [Line Items]                  
Variable rate   2.125%              
Bridge Loan | Alternative Base Rate | Minimum                  
Debt Instrument [Line Items]                  
Variable rate   0.25%              
Bridge Loan | Alternative Base Rate | Maximum                  
Debt Instrument [Line Items]                  
Variable rate   1.125%              
v3.22.4
Leases (Narratives) (Details)
Dec. 30, 2022
Minimum  
Lessee, Lease, Description [Line Items]  
Operating lease term 1 year
Maximum  
Lessee, Lease, Description [Line Items]  
Operating lease term 14 years
Operating lease, renewal term 9 years
v3.22.4
Leases (Operating Lease Expenses) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Leases [Abstract]    
Operating lease expense $ 36.3 $ 35.5
Short-term lease expense and other 14.8 17.8
Total lease expense $ 51.1 $ 53.3
v3.22.4
Leases (Supplement Cash Flow Information) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Leases [Abstract]    
Operating cash flows from operating leases $ 35.0 $ 35.9
Right-of-use assets obtained in exchange for Operating lease liabilities: 26.3 49.5
Operating lease right-of-use assets 121.2 141.0
Other current liabilities 35.0 35.0
Operating lease liabilities 105.1 121.4
Total operating lease liabilities $ 140.1 $ 156.4
Weighted-average discount rate 3.30% 3.31%
Weighted-average remaining lease term 6 years 7 years
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] Other current liabilities Other current liabilities
v3.22.4
Leases (Lease Liabilities Maturity By Year) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Leases [Abstract]    
2023 $ 37.3  
2024 30.3  
2025 22.2  
2026 16.9  
2027 13.3  
Thereafter 35.8  
Total lease payments 155.8  
Less: imputed interest 15.7  
Total $ 140.1 $ 156.4
v3.22.4
Commitments And Contingencies (Narrative) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]    
Purchase obligations $ 858.8 $ 710.8
v3.22.4
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other current assets  
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation plan assets $ 31.5 $ 44.7
Derivatives assets 18.0 0.1
Contingent consideration assets 3.1 0.0
Total assets measured at fair value 52.6 44.8
Deferred compensation plan liabilities 31.5 44.7
Derivatives liabilities 0.2 0.2
Contingent consideration liabilities 0.0 12.8
Total liabilities measured at fair value 31.7 57.7
Fair Value, Recurring | Level I    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation plan assets 31.5 44.7
Derivatives assets 0.0 0.0
Contingent consideration assets 0.0 0.0
Total assets measured at fair value 31.5 44.7
Deferred compensation plan liabilities 31.5 44.7
Derivatives liabilities 0.0 0.0
Contingent consideration liabilities 0.0 0.0
Total liabilities measured at fair value 31.5 44.7
Fair Value, Recurring | Level II    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation plan assets 0.0 0.0
Derivatives assets 18.0 0.1
Contingent consideration assets 0.0 0.0
Total assets measured at fair value 18.0 0.1
Deferred compensation plan liabilities 0.0 0.0
Derivatives liabilities 0.2 0.2
Contingent consideration liabilities 0.0 0.0
Total liabilities measured at fair value 0.2 0.2
Fair Value, Recurring | Level III    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Deferred compensation plan assets 0.0 0.0
Derivatives assets 0.0 0.0
Contingent consideration assets 3.1 0.0
Total assets measured at fair value 3.1 0.0
Deferred compensation plan liabilities 0.0 0.0
Derivatives liabilities 0.0 0.0
Contingent consideration liabilities 0.0 12.8
Total liabilities measured at fair value $ 0.0 $ 12.8
v3.22.4
Fair Value Measurements (Narrative) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Foreign Exchange Contract    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, notional amount $ 1,999.4  
Derivative asset 10.4  
Interest Rate Lock Commitments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative, notional amount 400.0  
Derivative asset 7.2  
Fair Value, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivatives liabilities 0.2 $ 0.2
Derivative asset 18.0 0.1
Long term debt, fair value $ 1,500.0 $ 1,400.0
v3.22.4
Deferred Revenue and Remaining Performance Obligations (Changes in Deferred Revenue) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Contract With Customer, Asset And Liability [Roll Forward]    
Beginning balance of the period $ 631.8 $ 613.8
Revenue recognized from prior year-end (511.5) (533.8)
Billings net of revenue recognized from current year 617.3 551.8
Ending balance of the period $ 737.6 $ 631.8
v3.22.4
Deferred Revenue and Remaining Performance Obligations (Narrative) (Details)
$ in Billions
Dec. 30, 2022
USD ($)
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]  
Remaining performance obligation $ 1.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-12-31  
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]  
Remaining performance obligation $ 1.2
Remaining performance obligation, percentage 72.00%
Remaining performance obligation, period 12 months
v3.22.4
Income Taxes (Schedule Of Provision For Taxes) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Income Tax Disclosure [Abstract]      
Income before taxes, united states $ 117.7 $ 144.0 $ 24.7
Income before taxes, foreign 451.4 430.6 370.3
Income before taxes 569.1 574.6 395.0
U.S. Federal:      
Current 98.4 27.1 (5.8)
Deferred (97.7) (22.9) (16.3)
US federal, income tax provision 0.7 4.2 (22.1)
U.S. State:      
Current 12.6 5.6 0.8
Deferred (5.0) (2.5) 7.1
US state, income tax provision 7.6 3.1 7.9
Foreign:      
Current 48.4 76.0 62.2
Deferred 62.7 (1.5) (43.6)
Foreign, income tax provision 111.1 74.5 18.6
Income tax provision $ 119.4 $ 81.8 $ 4.4
Effective tax rate 21.00% 14.20% 1.10%
v3.22.4
Income Taxes (Schedule Of Difference Between The Tax Provision At The Statutory Federal Income Tax Rate And The Tax Provision As A Percentage Of Income Before Taxes (Effective Tax Rate)) (Details)
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Income Tax Disclosure [Abstract]      
Statutory federal income tax rate 21.00% 21.00% 21.00%
Foreign income taxed at different rates 4.40% 0.50% 1.70%
Change in valuation allowance 0.00% 0.00% 2.00%
U.S. State income taxes 1.00% 1.10% 0.50%
Stock-based compensation 1.80% 1.70% 1.50%
Excess tax benefit related to stock-based compensation (0.60%) (2.50%) (1.50%)
Other U.S. taxes on foreign operations (3.50%) (1.60%) (1.00%)
U.S. Federal research and development credits (2.20%) (2.10%) (2.30%)
Tax reserve releases (1.80%) (2.10%) (4.80%)
Intellectual property restructuring and tax law changes 0.00% (2.50%) (16.20%)
Other 0.90% 0.70% 0.20%
Effective tax rate 21.00% 14.20% 1.10%
v3.22.4
Income Taxes (Narrative) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Jan. 03, 2020
Operating Loss Carryforwards [Line Items]        
Effective tax rate 21.00% 14.20% 1.10%  
Statutory federal income tax rate 21.00% 21.00% 21.00%  
Foreign earnings repatriated $ 350.3      
Unrecognized tax benefits 76.5 $ 64.2 $ 64.1 $ 71.6
Unrecognized tax benefits that would impact effective tax rate 51.6 42.3    
Payment of interest and penalties 8.4 9.2    
NETHERLANDS        
Operating Loss Carryforwards [Line Items]        
Foreign change in tax rate, income tax expense (benefit)   $ 14.4    
IRS        
Operating Loss Carryforwards [Line Items]        
Net operating loss carryforwards 9.8      
Foreign Tax Authority        
Operating Loss Carryforwards [Line Items]        
Net operating loss carryforwards 82.4      
Research Tax Credit Carryforward | California Franchise Tax Board        
Operating Loss Carryforwards [Line Items]        
Tax credit carryforward $ 33.6      
v3.22.4
Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Deferred tax liabilities:    
Global intangible low-taxed income $ 137.8 $ 207.6
Purchased intangibles 121.1 115.8
Operating lease right-of-use assets 29.0 33.5
Other 16.1 12.7
Total deferred tax liabilities 304.0 369.6
Deferred tax assets:    
Depreciation and amortization 400.0 474.9
Capitalized research and development 67.5 6.9
Operating lease liabilities 32.8 36.4
U.S. tax credit carryforwards 25.6 25.8
Expenses not currently deductible 30.9 43.7
Foreign net operating loss carryforwards 15.3 18.0
Stock-based compensation 13.8 13.9
U.S. net operating loss carryforwards 4.7 5.8
Other 36.6 28.8
Total deferred tax assets 627.2 654.2
Valuation allowance (42.6) (45.7)
Total deferred tax assets 584.6 608.5
Total net deferred tax assets 280.6 238.9
Non-current deferred income tax assets 438.4 502.0
Non-current deferred income tax liabilities $ (157.8) $ (263.1)
v3.22.4
Income Taxes (Schedule Of Reconciliation Of Unrecognized Tax Benefit) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Beginning balance $ 64.2 $ 64.1 $ 71.6
Increase related to current year tax positions 23.0 9.6 8.0
(Decrease) increase related to prior years' tax positions (0.7)   (0.4)
(Decrease) increase related to prior years' tax positions   1.3  
Settlement with taxing authorities 0.0 (1.3) (0.5)
Lapse of statute of limitations (10.0) (9.5) (14.6)
Ending balance $ 76.5 $ 64.2 $ 64.1
v3.22.4
Employee Stock Benefit Plans (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
May 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Unamortized stock-based compensation expense $ 186.9      
Unamortized compensation expense weighted-average recognition period, in years 1 year 10 months 24 days      
Common stock, shares authorized (in shares) 360,000,000.0 360,000,000.0    
2002 Stock Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Maximum number of shares authorized for grant (in shares) 92,600,000     18,000,000
Share-based compensation, number of shares available (in shares) 17,600,000      
Time Based Restricted Stock Units | 2002 Stock Plan | Minimum        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share units granted vesting period, in years 3 years      
Time Based Restricted Stock Units | 2002 Stock Plan | Maximum        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share units granted vesting period, in years 4 years      
PSUs | Minimum        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Percentage of the target grant amount received at vesting 0.00%      
PSUs | Maximum        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Percentage of the target grant amount received at vesting 200.00%      
PSUs | 2002 Stock Plan | Minimum        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share units granted vesting period, in years 2 years      
PSUs | 2002 Stock Plan | Maximum        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share units granted vesting period, in years 3 years      
Restricted stock units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Weighted average grant-date fair value, granted (in dollars per share) $ 73.32 $ 78.44 $ 42.50  
Share-based compensation, equity instruments other than options, vested in period, fair value $ 108.3 $ 81.4 $ 78.0  
ESPP        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation, number of shares available (in shares) 5,400,000      
Common stock, shares authorized (in shares) 39,000,000      
Percentage of lower fair market value to be purchased of common stock through payroll deductions 85.00%      
Employee stock options granted term, in months 6 months      
Stock issued during period, shares, employee stock purchase plans (in shares) 600,000 600,000 800,000  
Stock issued during period, value, employee stock purchase plan $ 34.7 $ 33.4 $ 26.9  
v3.22.4
Employee Stock Benefit Plans (Components of Stock-based Compensation Expense) (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Total stock-based compensation expense $ 120.4 $ 122.6 $ 83.0
Cost of sales      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Total stock-based compensation expense 12.6 9.5 6.7
Research and development      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Total stock-based compensation expense 28.0 29.5 22.1
Sales and marketing      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Total stock-based compensation expense 24.6 21.5 16.2
General and administrative      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Total stock-based compensation expense 55.2 62.1 38.0
Restricted stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Total stock-based compensation expense 108.7 110.5 73.2
Stock options      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Total stock-based compensation expense 1.1 1.3 1.5
ESPP      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Total stock-based compensation expense $ 10.6 $ 10.8 $ 8.3
v3.22.4
Employee Stock Benefit Plans (Schedule Of Restricted Stock Units Activity) (Details) - $ / shares
shares in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Restricted stock units      
Number of Units      
Number of units, outstanding at the beginning of year (in shares) 4.3    
Number of units, granted (in shares) 2.3    
Number of units, shares vested, net (in shares) (1.9)    
Number of units, cancelled and forfeited (in shares) (0.7)    
Number of units, outstanding at the end of year (in shares) 4.0 4.3  
Weighted Average Grant-Date Fair Value per Share      
Weighted average grant-date fair value, outstanding at the beginning of year (in dollars per share) $ 56.96    
weighted average grant-date fair value, granted (in dollars per share) 73.32 $ 78.44 $ 42.50
Weighted average grant-date fair value, shares vested, net (in dollars per share) 52.21    
Weighted average grant-date fair value, canceled and forfeited (in dollars per share) 63.02    
Weighted average grant-date fair value, outstanding at the end of year (in dollars per share) $ 67.32 $ 56.96  
PSUs      
Number of Units      
Number of units, granted (in shares) 0.3    
Number of units, shares vested, net (in shares) (0.5)    
Number of units, cancelled and forfeited (in shares) (0.3)    
Number of units, outstanding at the end of year (in shares) 0.6    
PSUs, Achievement Of Company Performance Metrics      
Weighted Average Grant-Date Fair Value per Share      
Performance adjustments above target levels at vesting date (in shares) 0.1    
v3.22.4
Common Stock Repurchase (Narrative) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 12 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Jan. 01, 2021
Aug. 31, 2021
Nov. 30, 2017
Equity, Class of Treasury Stock [Line Items]          
Common stock repurchased during period $ 394.7 $ 180.0 $ 81.6    
Retained Earnings          
Equity, Class of Treasury Stock [Line Items]          
Common stock repurchased during period $ 347.0 $ 164.3 $ 68.6    
2017 and 2021 Stock Repurchase Program          
Equity, Class of Treasury Stock [Line Items]          
Common stock repurchased during period (in shares) 6.0 2.1      
Common stock repurchased average price (in dollars per share) $ 65.90 $ 85.75      
Common stock repurchased during period $ 394.7 $ 180.0      
2021 Stock Repurchase Program          
Equity, Class of Treasury Stock [Line Items]          
Stock repurchase program authorized amount       $ 750.0  
Stock repurchase program, remaining authorized fund $ 215.3        
2017 Stock Repurchase Program          
Equity, Class of Treasury Stock [Line Items]          
Stock repurchase program authorized amount         $ 600.0
Stock repurchase program, remaining authorized fund       $ 50.7  
Common stock repurchased during period (in shares)     1.9    
Common stock repurchased average price (in dollars per share)     $ 43.40    
Common stock repurchased during period     $ 81.6