TRIMBLE INC., 10-K filed on 2/25/2026
Annual Report
v3.25.4
Cover Page - USD ($)
$ in Billions
12 Months Ended
Jan. 02, 2026
Feb. 20, 2026
Jul. 04, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Jan. 02, 2026    
Current Fiscal Year End Date --01-02    
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 Drive    
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 No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction Flag false    
Entity Shell Company false    
Entity Public Float     $ 18.7
Entity Common Stock, Shares Outstanding   233,929,408  
Documents Incorporated by Reference
DOCUMENTS INCORPORATED BY REFERENCE
Some of the information required by Part III of this report is incorporated by reference from the proxy statement relating to the registrant’s 2026 annual meeting of stockholders (the “Proxy Statement”), to be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
   
Amendment Flag false    
Document Fiscal Period Focus 2025    
Document Fiscal Year Focus FY    
Entity Central Index Key 0000864749    
v3.25.4
Audit Information
12 Months Ended
Jan. 02, 2026
Audit Information [Abstract]  
Auditor Firm ID 185
Auditor Name KPMG LLP
Auditor Location Denver, Colorado
v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Current assets:    
Cash and cash equivalents $ 253.4 $ 738.8
Accounts receivable, net 856.0 725.8
Inventories 186.3 194.3
Prepaid expenses 102.7 103.3
Other current assets 233.5 196.2
Assets held for sale 0.0 312.0
Total current assets 1,631.9 2,270.4
Property and equipment, net 182.8 188.4
Goodwill 5,239.7 4,988.4
Other purchased intangible assets, net 924.1 998.1
Deferred income tax assets 260.0 294.4
Equity investments 610.8 361.0
Other non-current assets 462.7 387.6
Total assets 9,312.0 9,488.3
Current liabilities:    
Accounts payable 168.3 161.6
Accrued compensation and benefits 211.7 227.2
Deferred revenue 894.0 800.4
Income taxes payable 17.7 325.0
Other current liabilities 211.7 211.2
Liabilities held for sale 0.0 62.6
Total current liabilities 1,503.4 1,788.0
Long-term debt 1,392.2 1,390.6
Deferred revenue, non-current 104.7 95.6
Deferred income tax liabilities 190.5 199.9
Other non-current liabilities 285.0 268.9
Total liabilities 3,475.8 3,743.0
Commitments and contingencies (Note 11)
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; 236.0 and 245.8 shares issued and outstanding at the end of 2025 and 2024 0.2 0.2
Additional paid-in-capital 2,437.9 2,369.4
Retained earnings 3,387.6 3,757.6
Accumulated other comprehensive income (loss) 10.5 (381.9)
Total stockholders' equity 5,836.2 5,745.3
Total liabilities and stockholders' equity $ 9,312.0 $ 9,488.3
v3.25.4
Consolidated Balance Sheets (Parenthetical) - $ / shares
Jan. 02, 2026
Jan. 03, 2025
Statement of Financial Position [Abstract]    
Preferred stock, par value per share (in usd per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 3,000,000.0 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 usd 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) 236,000,000.0 245,800,000
Common stock, shares outstanding (in shares) 236,000,000.0 245,800,000
v3.25.4
Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Revenue:      
Total revenue $ 3,587.3 $ 3,683.3 $ 3,798.7
Cost of sales:      
Amortization of purchased intangible assets 65.2 93.3 108.7
Total cost of sales 1,109.4 1,287.0 1,465.9
Gross margin 2,477.9 2,396.3 2,332.8
Operating expense:      
Research and development 630.7 662.3 664.3
Sales and marketing 646.0 603.8 583.0
General and administrative 483.1 547.9 487.5
Restructuring 19.3 15.9 45.6
Amortization of purchased intangible assets 106.8 105.7 103.6
Total operating expense 1,885.9 1,935.6 1,884.0
Operating income 592.0 460.7 448.8
Non-operating (expense) income, net:      
Divestitures gain, net 3.0 1,687.9 9.2
Interest expense, net (74.4) (90.7) (161.0)
(Loss) income from equity method investments, net (0.2) (48.1) 28.1
Other (loss) income, net (11.0) (3.9) 31.9
Total non-operating (expense) income, net (82.6) 1,545.2 (91.8)
Income before taxes 509.4 2,005.9 357.0
Income tax provision 85.4 501.5 45.7
Net income $ 424.0 $ 1,504.4 $ 311.3
Earnings per share:      
Basic (in usd per share) $ 1.77 $ 6.13 $ 1.26
Diluted (in usd per share) $ 1.76 $ 6.09 $ 1.25
Shares used in calculating earnings per share:      
Basic (in shares) 239.2 245.5 247.9
Diluted (in shares) 241.5 247.2 249.1
Product      
Revenue:      
Total revenue $ 1,135.2 $ 1,284.0 $ 1,771.7
Cost of sales:      
Cost of sales 576.5 698.3 875.0
Subscription and services      
Revenue:      
Total revenue 2,452.1 2,399.3 2,027.0
Cost of sales:      
Cost of sales $ 467.7 $ 495.4 $ 482.2
v3.25.4
Consolidated Statements Of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Statement of Comprehensive Income [Abstract]      
Net income $ 424.0 $ 1,504.4 $ 311.3
Other comprehensive income (loss), net of tax      
Foreign currency translation adjustments 393.1 (227.2) 86.4
Net change related to derivatives and other (0.7) (2.6) (3.6)
Comprehensive income $ 816.4 $ 1,274.6 $ 394.1
v3.25.4
Consolidated Statements Of Stockholders’ Equity - USD ($)
shares in Millions, $ in Millions
Total
Total Stockholders’ Equity
Common stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 30, 2022     246.9      
Beginning balance at Dec. 30, 2022   $ 4,050.2 $ 0.2 $ 2,054.9 $ 2,230.0 $ (234.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 311.3 311.3     311.3  
Other comprehensive income (loss)   82.8       82.8
Issuance of common stock under employee plans, net of tax withholding (in shares)     2.0      
Issuance of common stock under employee plans, net of tax withholdings   6.7   31.6 (24.9)  
Stock repurchases (in shares)     (2.4)      
Stock repurchases (100.0) (100.0)   (21.0) (79.0)  
Stock-based compensation   149.1   149.1    
Ending balance (in shares) at Dec. 29, 2023     246.5      
Ending balance at Dec. 29, 2023   4,500.1 $ 0.2 2,214.6 2,437.4 (152.1)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 1,504.4 1,504.4     1,504.4  
Other comprehensive income (loss)   (229.8)       (229.8)
Issuance of common stock under employee plans, net of tax withholding (in shares)     2.2      
Issuance of common stock under employee plans, net of tax withholdings   (6.5)   28.6 (35.1)  
Stock repurchases (in shares)     (2.9)      
Stock repurchases $ (175.0) (175.1)   (26.0) (149.1)  
Stock-based compensation   152.2   152.2    
Ending balance (in shares) at Jan. 03, 2025 245.8   245.8      
Ending balance at Jan. 03, 2025 $ 5,745.3 5,745.3 $ 0.2 2,369.4 3,757.6 (381.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 424.0 424.0     424.0  
Other comprehensive income (loss)   392.4       392.4
Issuance of common stock under employee plans, net of tax withholding (in shares)     2.4      
Issuance of common stock under employee plans, net of tax withholdings   (1.0)   37.9 (38.9)  
Stock repurchases (in shares)     (12.2)      
Stock repurchases $ (875.4) (882.1)   (127.0) (755.1)  
Stock-based compensation   157.6   157.6    
Ending balance (in shares) at Jan. 02, 2026 236.0   236.0      
Ending balance at Jan. 02, 2026 $ 5,836.2 $ 5,836.2 $ 0.2 $ 2,437.9 $ 3,387.6 $ 10.5
v3.25.4
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Cash flow from operating activities:      
Net income $ 424.0 $ 1,504.4 $ 311.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 199.9 232.0 250.6
Deferred income taxes 2.3 27.0 (104.6)
Stock-based compensation 146.5 158.6 145.4
Divestitures gain, net (3.0) (1,687.9) (9.2)
Other, net 88.5 93.9 11.6
(Increase) decrease in assets:      
Accounts receivable, net (119.9) (135.1) (36.4)
Inventories 4.9 11.0 67.6
Other current and non-current assets (72.9) (116.3) (67.2)
Increase (decrease) in liabilities:      
Accounts payable (5.4) 5.7 (12.4)
Accrued compensation and benefits (22.5) 56.5 20.8
Deferred revenue 85.7 168.5 26.0
Income taxes payable (311.2) 265.6 (4.0)
Other current and non-current liabilities (30.7) (52.5) (2.4)
Net cash provided by operating activities 386.2 531.4 597.1
Cash flow from investing activities:      
Divestitures of businesses, net of cash divested (4.4) 1,923.4 17.0
Acquisitions of businesses, net of cash acquired (4.4) (22.0) (2,088.9)
Purchases of property and equipment (25.3) (33.6) (42.0)
Other, net (2.9) (6.7) 45.8
Net cash (used in) provided by investing activities (37.0) 1,861.1 (2,068.1)
Cash flow from financing activities:      
Issuance of common stock, net of tax withholdings 0.6 (6.5) 6.7
Repurchases of common stock (863.4) (175.0) (100.0)
Proceeds from debt and revolving credit lines 577.2 521.2 3,847.1
Payments on debt and revolving credit lines (577.2) (2,199.4) (2,292.9)
Other, net (5.6) (4.5) (29.4)
Net cash (used in) provided by financing activities (868.4) (1,864.2) 1,431.5
Effect of exchange rate changes on cash and cash equivalents 24.8 (19.4) 7.4
Net (decrease) increase in cash and cash equivalents (494.4) 508.9 (32.1)
Cash and cash equivalents - beginning of period [1] 747.8 238.9 271.0
Cash and cash equivalents - end of period [1] 253.4 747.8 238.9
Supplemental cash flow disclosure:      
Cash paid for interest 81.5 140.4 133.7
Cash tax paid, net, excluding tax for the Ag divestiture 150.1 106.1 168.0
Cash tax paid for the Ag divestiture $ 277.4 $ 122.0 $ 0.0
[1] Includes $9.0 million and $9.1 million of cash and cash equivalents classified as held for sale as of January 3, 2025 and December 29, 2023.
v3.25.4
Consolidated Statements Of Cash Flows (Parenthetical) - USD ($)
$ in Millions
Jan. 03, 2025
Dec. 29, 2023
Held-for-sale | Trimble Ag    
Disposal group, including discontinued operation, cash and cash equivalents $ 9.0 $ 9.1
v3.25.4
Description Of Business And Accounting Policies
12 Months Ended
Jan. 02, 2026
Accounting Policies [Abstract]  
Description Of Business And Accounting Policies
NOTE 1: DESCRIPTION OF BUSINESS AND ACCOUNTING POLICIES
Trimble Inc. (“we” or “our” or “us”) has been incorporated in the State of Delaware since October 2016.
Trimble is a leading technology solutions and platform provider, enabling office professionals and field workers to connect their workflows and industry lifecycles, driving a more productive, efficient, and sustainable future. With a focus on the industries that build, maintain, and move the world, the comprehensive depth and breadth of our solutions are transforming the way the world works, making it easier for Trimble customers to focus on what matters—getting the job done right.
Our representative customers include asset owners; general and specialty contractors; architects, engineers and designers; surveyors; energy and utility companies; transportation shippers and carriers, as well as state, federal, and municipal governments. We generate revenue primarily through the sale of our hardware, software, subscriptions, maintenance and support, and professional services.
Basis of Presentation
These Consolidated Financial Statements include the results of our consolidated subsidiaries. Intercompany accounts and transactions have been eliminated.
We use a 52 to 53-week fiscal year ending on the Friday nearest to December 31. 2025 and 2023 were 52-week years that ended on January 2, 2026 and December 29, 2023, and 2024 was a 53-week year that ended on January 3, 2025. 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. 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 (i) revenue recognition, including determining the nature and timing of satisfaction of performance obligations and determining standalone selling prices of promised goods or services; (ii) inventory valuation; (iii) valuation of investments; (iv) valuation of long-lived assets and their estimated useful lives; (v) goodwill and other long-lived asset impairment analyses; (vi) stock-based compensation; and (vii) 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 three segments: (i) Architects, Engineers, Construction and Owners, (ii) Field Systems, and (iii) Transportation and Logistics.
Our CODM views and evaluates operations based on the results of our reportable operating segments under our management reporting system.
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 promised good or service. We use a range of amounts to estimate SSP and determine whether there is a discount to be allocated based on the relative SSP of the various products and services. We estimate SSP considering multiple factors including, but not limited to, our internal cost, pricing practices, sales channel, competitive positioning, and overall market and business environments. As our offerings and markets change, we may be required to reassess our estimated SSP and, as a result, the timing and classification of our revenue could be affected.
Nature of Goods and Services
We generate revenue primarily from products and subscriptions and services; each of which is a distinct performance obligation. Descriptions are as follows:
Product
Product revenue includes hardware and perpetual software licenses.
Hardware is recognized when the control of the product transfers to the customer, which generally occurs 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 of the products has transferred to the customer.
Software including perpetual licenses is recognized upon delivery and commencement of the license term. In general, our contracts do not provide for customer specific acceptances.
Subscription and Services
Subscription and services revenue includes SaaS and hosting services, term licenses, hardware and software maintenance, and support and professional services.
SaaS may be sold with devices used to collect, generate, and transmit data. SaaS is distinct from the related devices. SaaS is provided on either a subscription or a consumption basis. 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. SaaS subscription revenue is recognized monthly over the subscription term, commencing from activation. Revenue related to SaaS on a consumption basis is recognized when the customer utilizes the service based on the quantity of the services consumed.
Term license subscriptions contain an on-premise term license component as well as maintenance and support. Term licenses are distinct and recognized upon transfer and commencement of the subscription license term. Maintenance and support are recognized ratably over the subscription term. The subscription term generally ranges from one to three years.
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.
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, which ranges from three to seven years.
At the end of 2025 and 2024, deferred costs to obtain customer contracts were $161.9 million and $124.3 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 $60.1 million, $55.2 million, and $39.5 million for 2025, 2024, and 2023. This expense is included in Sales and marketing expenses in our Consolidated Statements of Income.
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.
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 2025 and 2024, the allowances for credit losses were immaterial.
Inventories
Inventories are stated at the lower of cost or net realizable value. Cost is computed using standard cost, which approximates actual cost. 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. Included in the software category, internal-use software includes certain costs to purchase, develop, and implement the software during the application development phase.
Cloud Computing Arrangements
Costs incurred for certain cloud-based software hosting arrangements are capitalized for application development activities, and expensed for preliminary project and post-implementation activities. Our capitalized development costs are amortized using the straight-line method over the remaining non-cancellable term of the associated hosting arrangement plus any reasonably certain renewal periods. The capitalized costs are included in “Prepaid expenses” and “Other non-current assets” in our Consolidated Balance Sheets. Capitalized costs net of accumulated amortization were $61.2 million and $64.1 million at the end of 2025 and 2024. Amortization expense was $21.0 million, $16.3 million, and $8.7 million in 2025, 2024, and 2023.
Leases
We determine if an arrangement is a lease at inception. Operating leases with lease terms greater than one year result in the recognition of operating lease right-of-use (“ROU”) assets and lease liabilities.
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 the commencement date. The operating lease ROU assets include 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 and liabilities assumed 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 revenue and revenue 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 using the straight-line method over their estimated useful lives, which range from three to eleven years and have a weighted-average useful life of approximately nine 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.
Equity Investments
We have investments in various unconsolidated entities. These investments represent non-marketable securities and include joint operating ventures and strategic investments. We use the equity method of accounting for investments in common stock holdings where we have significant influence. Our proportionate share of income or loss for equity method investments is recorded in income (loss) from equity method investments, net.
For all other investments, we use the measurement alternative election. Under the measurement alternative, investments without readily determinable fair values are measured at cost, less any impairments, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. To determine if a transaction is deemed a similar investment, we consider the rights and obligations of the investments. All gains and losses on these investments are recognized in other income (loss), net.
We assess all equity investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable.
We enter into related party transactions with certain of our investees. These transactions are recorded based on the nature of the arrangements and primarily include sales and purchases involving GNSS technology and guidance products, positioning services, grade control solutions, and surveying and mapping products. Total related party revenue from our investees was $124.1 million, $108.8 million, and $87.7 million for 2025, 2024, and 2023.
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 expenses are translated at average monthly exchange rates during the year. Translation adjustments resulting from this process are recorded to other comprehensive income.
Advertising and Promotional Costs
Advertising and promotional costs are expensed as incurred. Advertising and promotional expense was approximately $83.8 million, $57.9 million, and $57.3 million for 2025, 2024, and 2023.
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 that such assets will not be realized. Our valuation allowance is primarily attributable to state research and development credit carryforwards, foreign net operating and capital losses, and our investment in PTx Trimble.
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 circumstances 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 enter 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; thus, no liabilities have been recorded for these obligations in the Consolidated Balance Sheets at the end of 2025 and 2024.
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 Euro, New Zealand Dollars, Canadian Dollars, Brazilian Real, and Australian Dollars. 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. We do not enter into foreign currency forward contracts for trading purposes.
At the end of 2025 and 2024, there were no derivatives outstanding that were accounted for as hedges.
Recently Issued Accounting Pronouncements Not Yet Adopted
In September 2025, the FASB issued Accounting Standards Update (“ASU) 2025-06, Intangibles – Goodwill and Other – Internal-Use Software (Topic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The ASU removes references to software development stages and requires software costs to be capitalized when (i) management authorizes and commits to funding a software project, and (ii) the project is probable of completion. The ASU is effective for interim and annual reports beginning in 2028, with early adoption permitted. The ASU may be applied on a prospective, modified prospective, or retrospective basis. We are currently evaluating the impact of adopting this ASU.
In July 2025, the FASB issued ASU 2025-05, Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. The ASU allows a practical expedient election to simplify the expected credit loss estimation for short-term accounts receivable and contract assets by assuming conditions as of the balance sheet date do not change for the remaining life of the asset. The ASU is effective for interim and annual reports beginning in 2026 on a prospective basis, with early adoption permitted. We do not expect material changes from adopting this ASU.
In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income (Topic 220): Disaggregation of Income Statement Expenses. The ASU requires additional disclosures by disaggregating costs and expense line items that are presented on the face of the income statement. The disaggregation includes: (i) amounts of purchased inventory, employee compensation, depreciation, amortization, and other related costs and expenses; (ii) an explanation of costs and expenses that are not disaggregated on a quantitative basis; and (iii) the definition and total amount of selling expenses. The ASU is effective for our annual report on Form 10-K beginning in 2027 and subsequent interim reporting periods, with early adoption permitted. The ASU may be applied either prospectively or retrospectively. We are currently evaluating the impact of adopting this ASU.
Recently Adopted Accounting Pronouncements
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU updated the annual income tax disclosures by requiring (i) specific categories and greater disaggregation of information in the rate reconciliation; (ii) income taxes paid disaggregated by taxing authority and jurisdiction; and (iii) disclosures of pre-tax income (or loss) and income tax expense (or benefit). We adopted the ASU in the fourth quarter of 2025 on a prospective basis. See Note 14 “Income Taxes” in Item 8 of this report for additional disclosure.
v3.25.4
Earnings Per Share
12 Months Ended
Jan. 02, 2026
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 shares of common stock include outstanding stock options, restricted stock units (“RSUs”), contingently issuable shares, and shares to be purchased under our employee stock purchase plan.
The following table shows the computation of basic and diluted earnings per share:
 202520242023
(In millions, except per share amounts)   
Numerator:
Net income$424.0 $1,504.4 $311.3 
Denominator:
Weighted-average shares of common stock outstanding - basic
239.2 245.5 247.9 
Effect of dilutive securities2.3 1.7 1.2 
Weighted-average shares of common stock outstanding - diluted
241.5 247.2 249.1 
Basic earnings per share$1.77 $6.13 $1.26 
Diluted earnings per share$1.76 $6.09 $1.25 
Antidilutive weighted-average shares (1)
0.5 1.4 1.9 
(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.
v3.25.4
Acquisitions
12 Months Ended
Jan. 02, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions
NOTE 3: ACQUISITIONS
There were no material acquisitions in 2025.
In 2024, we acquired one business, with total purchase consideration of $26.3 million. In the aggregate, the business acquired contributed less than 1% of our total revenue during 2024.
In 2023, we acquired three businesses, including an all-cash acquisition for Transporeon GmbH. The total purchase consideration for Transporeon was €1.9 billion or $2.1 billion, which included the repayment of outstanding Transporeon debt of $339.6 million. In allocating the purchase price, we recorded $1,390.1 million of goodwill, $939.8 million of identifiable intangible assets, $9.3 million of net tangible assets, and $256.6 million of deferred tax liability.
The remaining two business acquired in 2023 with total purchase consideration of $47.0 million contributed less than 1% of our total revenue during 2023 in the aggregate.
Acquisition costs of $1.0 million, $9.1 million, and $35.0 million in 2025, 2024, and 2023, were expensed as incurred and included in Cost of sales and General and administrative expenses in our Consolidated Statements of Income.
v3.25.4
Divestitures
12 Months Ended
Jan. 02, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Divestitures
NOTE 4: DIVESTITURES
Mobility Divestiture
On February 8, 2025, we completed the sale of our Mobility business to Platform Science in exchange for equity ownership interests with a fair value of $253.9 million. The fair value was based on unobservable inputs, including discounted cash flow projections, market comparables, and an option pricing model. Following the closing of the transaction, we own, or have rights to acquire, 32.5% of Platform Science’s expanded business comprised of (i) shares of preferred stock, with certain liquidation preferences, that represent 28.5% ownership, and (ii) common stock warrants allowing us the rights to acquire 4% of additional ownership.
Upon closing the transaction, we deconsolidated $277.3 million of net assets, including $145.3 million of goodwill, and we recorded our equity investment at its fair value under the measurement alternative election, which represents a non-cash investing activity. As a result, we recognized a cumulative, pre-tax loss of $30.6 million from the held for sale date, of which $32.9 million was recognized in 2024. Mobility was reported as a part of our Transportation and Logistics (“T&L”) segment.
The combined business aims to enhance driver experience, fleet safety, efficiency, and compliance by combining two cutting-edge in-cab commercial vehicle ecosystems.
Ag Divestiture
On April 1, 2024, we completed the sale and contribution of our Ag business to AGCO in exchange for $1.9 billion of cash proceeds and an equity ownership interest in PTx Trimble, a joint venture (the “JV”) that was formed by Trimble and AGCO, with a fair value of $275.6 million. The fair value was based on a combination of the equity value, primarily the transaction price, and an option pricing model for a put and call option. Following the closing of the transaction, we own 15% of PTx Trimble.
Upon closing the transaction, we deconsolidated $457.3 million of net assets, including $357.4 million of goodwill, and we recorded our equity investment at its fair value under the equity method of accounting, which represents a non-cash investing activity. As a result, we recognized a pre-tax gain of $1.7 billion in the second quarter of 2024, which included the gain for our retained 15% ownership interest in the JV. The sale and contribution of the Ag business excluded certain GNSS and guidance technologies. Ag was reported as a part of our Field Systems segment.
Other Divestitures
In 2025, the Mobility divestiture was the only divested business.
In 2024, in addition to the Ag divestiture, we divested two businesses with total proceeds of $13.3 million.
In 2023, we divested five businesses with total proceeds of $18.7 million.
v3.25.4
Equity Investments
12 Months Ended
Jan. 02, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Equity Investments
NOTE 5: EQUITY INVESTMENTS
The following table presents our equity investments in non-marketable securities:
At the End of Year
20252024
(In millions)
Equity method investments
$340.4 $334.6 
Other investments
270.4 26.4 
Total equity investments
$610.8 $361.0 
Equity Method Investments
Equity method investments primarily represent joint operating ventures in privately-held companies with ownership rights varying from 5% to 50%. The Company applies the equity method of accounting for these investments by recording our proportionate share of net earnings or losses of investees in non-operating (expense) income, net and by monitoring these investments for any impairments.
Of the total carrying amount of equity method investments, our 15% investment in PTx Trimble was $216.8 million and $222.3 million at the end of 2025 and 2024.
Other Investments
Other investments are related to privately-held companies without readily determinable fair values, with our ownership rights varying from 1% to 32.5%. The Company applies the measurement alternative for these investments, which requires measurement at initial cost, less any impairments, adjusted for observable price changes. Adjustments are recorded in Other (loss) income, net, which were immaterial for the periods presented.
Of the total carrying amount of other investments, our 32.5% investment in Platform Science was $253.9 million at the end of 2025.
v3.25.4
Intangible Assets and Goodwill
12 Months Ended
Jan. 02, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill
NOTE 6: INTANGIBLE ASSETS AND GOODWILL
Intangible Assets
The following table presents a summary of our intangible assets:
At the End of 2025At the End of 2024
(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 technology7$804.9 $(592.3)$212.6 $819.0 $(561.2)$257.8 
Customer relationships111,199.6 (491.6)708.0 1,175.5 (440.2)735.3 
Trade names and other intellectual properties
535.1 (31.6)3.5 39.0 (34.0)5.0 
$2,039.6 $(1,115.5)$924.1 $2,033.5 $(1,035.4)$998.1 
As of the end of 2025 and 2024, $125.7 million and $182.8 million of fully amortized intangible assets were written off.
The estimated future amortization expense of intangible assets at the end of 2025 was as follows:
(In millions)
2026$171.1 
2027157.7 
2028143.6 
2029122.1 
203085.7 
Thereafter243.9 
Total$924.1 
Goodwill
The changes in the carrying amount of goodwill by segment for 2025 were as follows:
AECO
Field Systems
T&L
Total
(In millions)    
Balance as of year end 2024
$1,986.1 $958.2 $2,044.1 $4,988.4 
Decreases due to divestitures
— — (3.6)(3.6)
Foreign currency translation and other adjustments50.9 19.0 185.0 254.9 
Balance as of year end 2025$2,037.0 $977.2 $2,225.5 $5,239.7 
v3.25.4
Certain Balance Sheet Components
12 Months Ended
Jan. 02, 2026
Balance Sheet Related Disclosures [Abstract]  
Certain Balance Sheet Components
NOTE 7: CERTAIN BALANCE SHEET COMPONENTS
The components of inventories, net were as follows:
At the End of Year20252024
(In millions)  
Raw materials$70.4 $71.7 
Work-in-process5.1 5.2 
Finished goods110.8 117.4 
Total inventories$186.3 $194.3 
The components of property and equipment, net were as follows:

At the End of 2025
At the End of 2024
(In millions)Gross Carrying
Amount
Accumulated
Depreciation
Net  Carrying
Amount
Gross Carrying
Amount
Accumulated
Depreciation
Net  Carrying
Amount
Property and equipment:
Land, building, furniture, and leasehold improvements$239.4 $(104.3)$135.1 $238.9 $(98.8)$140.1 
Machinery and equipment157.9 (129.9)28.0 147.0 (121.8)25.2 
Software
130.0 (123.7)6.3 128.4 (118.6)9.8 
Construction in progress 13.4 — 13.4 13.3 — 13.3 
Total property and equipment
$540.7 $(357.9)$182.8 $527.6 $(339.2)$188.4 
Depreciation expense was $27.8 million, $33.0 million, and $38.3 million for 2025, 2024, and 2023.
The components of accumulated other comprehensive income (loss), net of related tax were as follows:
At the End of Year20252024
(In millions)
Accumulated foreign currency translation adjustments$7.9 $(385.2)
Gain on cash flow hedge3.6 4.1 
Net unrealized actuarial losses(1.0)(0.8)
Total accumulated other comprehensive income (loss)
$10.5 $(381.9)
v3.25.4
Segment and Geographic Information
12 Months Ended
Jan. 02, 2026
Segment Reporting, Measurement Disclosures [Abstract]  
Segment and Geographic Information
NOTE 8: SEGMENT AND GEOGRAPHIC INFORMATION
We determined our operating segments based on how our Chief Executive Officer, who is our 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 uses segment revenue and operating income to assess segment performance and to allocate resources. The CODM evaluates segment revenue and operating income by considering periodic forecast-to-actual variances and trends, as well as overall strategic initiatives. Asset information by segments is not regularly reviewed by the CODM.
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:
Architects, Engineers, Construction and Owners (“AECO”). This segment primarily serves organizations across architecture, engineering, construction, and asset ownership through a connected lifecycle solution. Within this segment, our most substantial product portfolios are focused on architectural and interior design, structural and civil engineering, building and infrastructure construction, and the operations and maintenance of assets. Products are sold through a multi-channel approach, including direct, indirect, and digital channels.
Field Systems. This segment primarily serves customers working in surveying and mapping, civil construction, building construction field services, and positioning systems. Within this segment, our most substantial product portfolios are hardware and software solutions focused on geospatial, civil engineering construction, and positioning services. Products are sold and distributed primarily through a global network of independent distribution partners.
Transportation and Logistics (“T&L”). This segment provides a suite of solutions for shippers, carriers, retailers, and intermediaries globally. Within this segment, our solutions are designed to create a connected supply chain by integrating all forms of transportation, drivers, back-office management, and freight operations to build a safer, simpler, and more efficient global supply chain. Products are sold directly to end users or through software integrations.
The following reportable segment tables reflect the revenue, costs and expenses, and operating income of our reportable operating segments under our management reporting system. Segment costs and expenses include directly attributable costs and certain indirect costs allocated to segments, such as facilities, information technology, cloud services, finance, legal, and human resources. This is consistent with the way the CODM evaluates each segment's performance and allocates resources.
 
Reportable Segments
 
AECO
Field Systems
T&L
(In millions)   
2025
Segment revenue$1,498.6 $1,539.5 $549.2 
Cost of sales
235.1 636.7 145.2 
Operating expense
751.4 424.7 283.5 
Operating income
$512.1 $478.1 $120.5 
Operating income %
34.2 %31.1 %21.9 %
2024
Segment revenue$1,358.6 $1,535.9 $788.8 
Cost of sales
220.4 666.3 280.2 
Operating expense
674.6 427.6 353.5 
Operating income
$463.6 $442.0 $155.1 
Operating income %
34.1 %28.8 %19.7 %
2023
Segment revenue$1,110.5 $1,967.9 $720.3 
Cost of sales213.3 843.4 278.8 
Operating expense
568.2 521.0 323.3 
Operating income
$329.0 $603.5 $118.2 
Operating income %
29.6 %30.7 %16.4 %
A reconciliation of our total segment operating income to consolidated income before income taxes was as follows: 
 202520242023
(In millions)  
Total segment operating income
$1,110.7 $1,060.7 $1,050.7 
Unallocated general corporate expenses(122.6)(123.5)(116.0)
Amortization of purchased intangible assets(172.0)(199.0)(212.3)
Acquisition / divestiture items(19.1)(81.6)(72.4)
Stock-based compensation / deferred compensation(151.5)(163.5)(151.1)
Restructuring and other costs(53.5)(32.4)(50.1)
Consolidated operating income592.0 460.7 448.8 
Total non-operating (expense) income, net(82.6)1,545.2 (91.8)
Consolidated income before taxes$509.4 $2,005.9 $357.0 
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 is consistent with the Reportable Segment tables above.
 
Reportable Segments
 AECOField SystemsT&LTotal
(In millions)    
2025
North America$935.7 $841.7 $298.5 $2,075.9 
Europe392.1 396.9 232.6 1,021.6 
Asia Pacific135.1 202.9 11.7 349.7 
Rest of World35.7 98.0 6.4 140.1 
Total segment revenue$1,498.6 $1,539.5 $549.2 $3,587.3 
2024
North America$819.8 $785.9 $473.0 $2,078.7 
Europe375.9 416.0 258.4 1,050.3 
Asia Pacific125.5 224.8 14.9 365.2 
Rest of World37.4 109.2 42.5 189.1 
Total segment revenue$1,358.6 $1,535.9 $788.8 $3,683.3 
2023
North America$655.5 $892.9 $470.1 $2,018.5 
Europe293.7 581.2 201.3 1,076.2 
Asia Pacific98.1 320.6 10.2 428.9 
Rest of World63.2 173.2 38.7 275.1 
Total segment revenue$1,110.5 $1,967.9 $720.3 $3,798.7 
Total revenue in the United States as included in the Consolidated Statements of Income was $1,905.8 million, $1,911.2 million, and $1,855.2 million in 2025, 2024, and 2023. No single customer or country other than the United States accounted for 10% or more of our total revenue in 2025, 2024, and 2023. No single customer accounted for 10% or more of our accounts receivable at the end of 2025 and 2024.
The following table presents our physical long-lived assets by geographic area, which consist of property and equipment, net and operating lease right-of-use assets:
At the End of Year20252024
(In millions)  
United States$178.9 $178.0 
Europe102.3 96.0 
Asia Pacific and Rest of World47.2 37.9 
Total long-lived assets
$328.4 $311.9 
v3.25.4
Debt
12 Months Ended
Jan. 02, 2026
Debt Disclosure [Abstract]  
Debt
NOTE 9: DEBT
Total outstanding debt consisted of the following:
At the End of YearEffective interest rate
(In millions, except percentages)Date of Issuance
End of 2025
20252024
Senior Notes:
   Senior Notes, 4.90%, due June 2028
June 20185.04%$600.0 $600.0 
   Senior Notes, 6.10%, due March 2033
March 20236.13%800.0 800.0 
Unamortized discount and issuance costs(7.8)(9.4)
Total debt$1,392.2 $1,390.6 
Senior Notes
All of our senior notes are unsecured obligations. Interest on the senior notes is payable semi-annually in June and December of each year for the 2028 senior notes and in March and September for the 2033 senior notes. For both the 2028 and 2033 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.
Our 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 at optional redemption prices. No principal amounts are due prior to the maturity dates.
Our senior notes contain 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, in each case, subject to certain exceptions. At the end of 2025, we were in compliance with these covenants.
Credit Facilities
2025 Credit Facility
On December 4, 2025, we entered into a credit facility agreement with a group of lenders (the “2025 Credit Facility”), which replaced the prior 2022 Credit Facility maturing in March 2027. The 2025 Credit Facility provides for a five-year, unsecured revolving credit facility in the aggregate principal amount of $1.25 billion, and permits us, subject to the satisfaction of certain conditions, to increase the commitments for revolving loans by an aggregate principal amount of up to $500.0 million. The proceeds of the revolving loans may be used for working capital and general corporate purposes, including the financing of acquisitions. We may borrow, repay, and reborrow funds under the revolving facility until its maturity on December 4, 2030.
Advances under the 2025 Credit Facility accrue interest at rates equal to, (a) in the case of U.S. dollar borrowings, at our election, either (i) the alternate base rate plus a margin that ranges from 0.00% to 0.750%, or (ii) the adjusted term Secured Overnight Finance Rate (SOFR) plus a margin that ranges from 0.875% to 1.750%, or (b) in the case of foreign currency borrowings, the interest benchmark for the relevant currency specified in the credit agreement plus a margin that ranges from 0.875% to 1.750%. We are obligated to pay an ongoing commitment fee on undrawn amounts at a rate of 0.075% to 0.275%. The actual interest margin and the commitment fee are based on the lower of our credit rating or leverage ratio.
No amount was outstanding under the 2025 Credit Facility at the end of 2025 or the 2022 Credit Facility at the end of 2024.
The 2025 Credit Facility contains customary covenants, including, among other requirements, limitations that restrict our and our subsidiaries’ ability to create liens, and restrictions on the ability of our subsidiaries to incur indebtedness. Further, the 2025 Credit Facility contains financial covenants that require the maintenance of maximum leverage ratios, as well as the timely delivery of quarterly financial reports and compliance certificates. At the end of 2025, we were in compliance with our debt covenants for the 2025 Credit Facility.
Uncommitted Facilities
At the end of 2025, we had one $75.0 million and one €100.0 million revolving credit facilities, which are uncommitted. Generally, these variable-rate uncommitted facilities may be redeemed upon demand. Borrowings under uncommitted facilities are classified as short-term debt in the Consolidated Balance Sheets. No amount was outstanding at the end of 2025 and 2024.
v3.25.4
Leases
12 Months Ended
Jan. 02, 2026
Leases [Abstract]  
Leases
NOTE 10: 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 12 years, and certain leases include options to extend the lease for up to 10 years. We consider options to extend the lease in determining the lease term.
Operating lease expense consisted of:
202520242023
(In millions) 
Operating lease expense$30.3 $31.4 $33.5 
Short-term lease expense and other13.5 15.0 17.1 
Total lease expense$43.8 $46.4 $50.6 
Supplemental cash flow information related to leases was as follows:
202520242023
(In millions)
Cash paid for operating leases (1)
$29.1 $30.3 $31.0 
Right-of-use assets obtained in exchange for Operating lease liabilities:$39.2 $44.1 $47.0 
(1)Excludes cash payments for short-term leases that are not capitalized.
Supplemental balance sheet information related to leases was as follows:
At the End of Year
Classification
20252024
(In millions)
Operating lease right-of-use assetsOther non-current assets$145.6 $123.5 
Current operating lease liabilities
Other current liabilities$27.8 $21.2 
Non-current operating liabilities
Other non-current liabilities141.1 123.4 
  Total operating lease liabilities$168.9 $144.6 
Weighted-average discount rate 4.63 %4.58 %
Weighted-average remaining lease term7 years7 years
At the end of 2025, the maturities of lease liabilities were as follows:
(In millions)
2026$34.9 
202734.6 
202829.3 
202926.2 
203022.6 
Thereafter49.3 
Total lease payments196.9 
Less: imputed interest28.0 
Total $168.9 
v3.25.4
Commitments and Contingencies
12 Months Ended
Jan. 02, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
NOTE 11: COMMITMENTS AND CONTINGENCIES
Commitments
At the end of 2025, we had non-cancellable purchase commitments of approximately $519.3 million as compared to $470.7 million at the end of 2024. These non-cancellable purchase commitments primarily represent (i) various non-cancellable agreements with certain software and service providers with minimum or fixed commitments, and (ii) open non-cancellable purchase orders for purchases with our inventory vendors.
Litigation
There are no material legal proceedings.
v3.25.4
Fair Value Measurements
12 Months Ended
Jan. 02, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements
NOTE 12: FAIR VALUE MEASUREMENTS
Fair value is measured by using observable or, to the extent necessary, unobservable inputs.
Financial instruments recorded at fair value include our deferred compensation plan. The fair value was $30.8 million and $31.0 million at the end of 2025 and 2024, and is included in Other non-current assets and Other non-current liabilities on our Consolidated Balance Sheets. The fair value was measured by using quoted prices in active markets.
Financial instruments not recorded at fair value on a recurring basis (debt) had an estimated fair value of $1.5 billion and $1.4 billion at the end of 2025 and 2024. The fair value of the debt was determined based on observable market prices in less active markets. The fair values do not indicate the amount we would currently have to pay to extinguish the debt.
v3.25.4
Deferred Revenue And Remaining Performance Obligations
12 Months Ended
Jan. 02, 2026
Revenue Recognition and Deferred Revenue [Abstract]  
Deferred Revenue And Remaining Performance Obligations
NOTE 13: DEFERRED REVENUE AND REMAINING PERFORMANCE OBLIGATIONS
Deferred Revenue
Changes in our deferred revenue during 2025 and 2024 were as follows: 
(In millions) 20252024
Beginning balance of the period$896.0 $761.4 
Revenue recognized from prior year-end(775.2)(652.3)
Billings net of revenue recognized from current year and other877.9 786.9 
Ending balance of the period$998.7 $896.0 
Remaining Performance Obligations
At the end of 2025, approximately $2.0 billion of revenue was 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 $1.4 billion, approximately 70%, of our remaining performance obligations as revenue during the next 12 months and the remainder thereafter.
v3.25.4
Income Taxes
12 Months Ended
Jan. 02, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
NOTE 14: INCOME TAXES
Income before taxes and the provision (benefit) for taxes consisted of the following:
202520242023
(In millions)
Income before taxes:
United States$308.8 $216.4 $26.9 
Foreign200.6 1,789.5 330.1 
Total$509.4 $2,005.9 $357.0 
Provision (benefit) for taxes:
U.S. Federal:
Current$2.9 $94.1 $57.1 
Deferred35.6 (71.2)(92.5)
38.5 22.9 (35.4)
U.S. State:
Current11.4 15.6 12.8 
Deferred3.9 2.1 (6.6)
15.3 17.7 6.2 
Foreign:
Current68.8 364.8 80.4 
Deferred(37.2)96.1 (5.5)
31.6 460.9 74.9 
Income tax provision$85.4 $501.5 $45.7 
Effective tax rate16.8 %25.0 %12.8 %
The table below provides the updated requirements of ASU 2023-09 for 2025. See Note 1 Description Of Business And Accounting Policies for additional details on the adoption of ASU 2023-09.
The 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”) was as follows:
2025
(In millions)AmountPercent
U.S. Federal statutory income tax rate$107.0 21.0 %
Domestic federal reconciling items
Cross-border taxes
Global intangible low-taxed income(12.4)(2.4)%
Other(4.5)(0.9)%
Tax credits(14.1)(2.8)%
Nontaxable and nondeductible items, net
Stock-based compensation7.0 1.4 %
Other0.4 0.1 %
Change in valuation allowances0.5 0.1 %
Others(1.9)(0.4)%
Subtotal domestic federal reconciling items(25.0)(4.9)%
Domestic state and local income taxes, net of federal effect (1)
12.7 2.5 %
Foreign tax effects
Netherlands
Nondeductible foreign exchange loss6.1 1.2 %
Other1.9 0.4 %
Germany
Change in tax rate or law enacted in current period(11.0)(2.2)%
Intercompany intellectual property transfer(6.7)(1.3)%
Other(0.5)(0.1)%
Other foreign jurisdictions6.1 1.2 %
Subtotal foreign tax effects(4.1)(0.8)%
Changes in unrecognized tax benefits(5.2)(1.0)%
Income tax provision and effective tax rate$85.4 16.8 %
(1) State taxes in Florida, Illinois, Michigan, Minnesota, Pennsylvania, and Texas made up the majority (greater than 50%) of the tax effect in this category.
Our effective income tax rates for 2025 and 2024 were 16.8% and 25.0%. The decrease in the tax rate was primarily due to gains from the Ag divestiture in 2024.
In periods prior to the adoption of ASU 2023-09, the reconciliation of the federal statutory income tax rate to our effective tax rate for 2024 and 2023 was as follows:
20242023
Statutory federal income tax rate21.0 %21.0 %
Increase (reduction) in tax rate resulting from:
Foreign income taxed at different rates3.4 %0.8 %
U.S. State income taxes0.8 %1.0 %
Stock-based compensation0.9 %4.8 %
Other U.S. taxes on foreign operations(2.8)%(4.4)%
Foreign-derived intangible income
— %(3.9)%
U.S. Federal research and development credits(0.8)%(5.4)%
Tax reserve releases(1.0)%(2.5)%
Tax on Ag divestiture
2.1 %— %
Other1.4 %1.4 %
Effective tax rate25.0 %12.8 %
The following table presents the disclosure required by ASU 2023-09 regarding cash paid for income taxes in 2025. In periods prior to the adoption of ASU 2023-09, total cash paid for income taxes was $228.1 million and $168.0 million in 2024 and 2023.
2025
(In millions)
US Federal$10.2 
Domestic state and local10.4 
Subtotal domestic state and local20.6 
Foreign
Netherlands289.3 
Finland35.9 
Germany26.7 
Other55.0 
Subtotal foreign406.9 
Total cash paid during the period for income taxes$427.5 
The total tax payments made in Netherlands included $277.4 million of remaining tax payable related to the Ag divestiture transaction.
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 Year20252024
(In millions)  
Deferred tax liabilities:
Purchased intangibles$288.9 $311.3 
Global intangible low-taxed income— 17.6 
Operating lease right-of-use assets35.0 29.7 
Other34.5 26.9 
Total deferred tax liabilities$358.4 $385.5 
Deferred tax assets:
Depreciation and amortization$195.2 $217.6 
Capitalized research and development68.7 118.2 
Operating lease liabilities
39.6 34.7 
U.S. tax credit carryforwards20.7 23.1 
Expenses not currently deductible48.6 26.3 
Net operating loss carryforwards
17.3 24.3 
Stock-based compensation
16.3 17.2 
Global intangible low-taxed income3.1 — 
Other68.7 74.6 
Total deferred tax assets478.2 536.0 
Valuation allowance(50.3)(56.0)
Total deferred tax assets427.9 480.0 
Total net deferred tax assets$69.5 $94.5 
Reported as:
Non-current deferred income tax assets$260.0 $294.4 
Non-current deferred income tax liabilities(190.5)(199.9)
Net deferred tax assets$69.5 $94.5 
At the end of 2025, we have U.S. federal net operating loss carryforwards, or federal NOLs, of approximately $12.3 million, which will begin to expire in 2037. At the end of 2025, we have foreign net operating and capital loss carryforwards, or foreign losses, of approximately $86.5 million, which generally have no expiration. 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 a portion of the foreign losses will not be realized and, accordingly, a valuation allowance has been established for such amount.
We have U.S. federal research and development credit carryforwards of approximately $2.0 million, which will expire beginning 2042, and California research and development credit carryforwards of approximately $32.5 million, which have an indefinite carryforward period. We believe that it is more likely than not that a significant portion of the California research and development credit carryforwards will not be realized and, accordingly, a valuation allowance has been established for such amount.
We have net deferred tax assets of $17.3 million primarily relating to our investment in PTx Trimble. We believe that it is more likely than not that a significant portion of the net deferred tax assets will not be realized 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 have continuously distributed foreign cash that was subject to the transition tax and the global intangible low-taxed income tax.
The total amount of unrecognized tax benefits at the end of 2025 was $79.7 million. A reconciliation of gross unrecognized tax benefits was as follows: 
202520242023
(In millions)
Beginning balance$78.2 $88.3 $76.5 
Increase related to current year tax positions12.4 11.3 12.4 
Increase (decrease) related to prior years’ tax positions
0.9 (1.5)7.6 
Lapse of statute of limitations(11.8)(19.9)(8.2)
Ending balance$79.7 $78.2 $88.3 
Total unrecognized tax benefits that, if recognized, would affect our effective tax rate were $40.0 million and $45.8 million at the end of 2025 and 2024.
The OBBBA, signed into law on July 4, 2025, includes changes to U.S. federal tax regulations. We have accounted for its tax implications during 2025 based on our current interpretation of the legislation, and the impact to our 2025 tax rate is immaterial.
We and our subsidiaries are subject to U.S. federal, state, and foreign income taxes. Our U.S. federal income tax years through 2021 are closed, including the 2021 audit which was concluded in the third quarter of 2025 without adjustment. Our tax years are substantially closed for all 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.
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 2025 and 2024, we accrued $9.3 million and $8.8 million for interest and penalties.
v3.25.4
Employee Stock Benefit Plans
12 Months Ended
Jan. 02, 2026
Share-Based Payment Arrangement [Abstract]  
Employee Stock Benefit Plans
NOTE 15: EMPLOYEE STOCK BENEFIT PLANS
Amended and Restated 2002 Stock Plan
In September 2024, our stockholders approved an amendment to the 2002 Stock Plan to increase the number of shares of common stock available for issuance by 10.0 million shares. As such, our Amended and Restated 2002 Stock Plan provides for the grant of incentive and non-statutory stock options and Restricted Stock Units (“RSUs”) for up to 102.6 million shares. At the end of 2025, the remaining number of shares available for grant under the Amended and Restated 2002 Stock Plan was 15.1 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:
202520242023
(In millions)   
Restricted stock units$131.6 $145.2 $132.8 
Stock options4.9 3.4 1.8 
ESPP10.0 10.0 10.8 
Total stock-based compensation expense$146.5 $158.6 $145.4 
Stock-based compensation expense was allocated as follows:
202520242023
(In millions)   
Cost of sales$15.4 $17.0 $14.6 
Research and development41.1 45.0 40.7 
Sales and marketing27.6 29.3 27.1 
General and administrative62.4 67.3 63.0 
Total stock-based compensation expense$146.5 $158.6 $145.4 
At the end of 2025, total unamortized stock-based compensation expense was $182.9 million, with a weighted-average recognition period of 1.8 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-year service period. PSUs are granted to executive officers and other senior employees and vest after a 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 220%, and for certain PSUs, 300% of the target grant amount based on either market conditions or performance conditions or, in some cases, both 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 or metrics over the vesting period.
2025 Restricted Stock Units Unvested
Number of Units (1)
Weighted Average
Grant-Date Fair Value per Share
(In millions, except for per share data)  
Unvested at the beginning of year
5.4 $60.37 
Granted (2)
2.2 $70.39 
Shares vested, net (2)
(2.4)$61.84 
Cancelled and forfeited
(0.5)$59.24 
Unvested at the end of year
4.7 $64.43 
(1)    Includes 0.3 million PSUs granted, 0.3 million PSUs vested, 0.1 million PSUs cancelled and forfeited, and 1.0 million PSUs unvested at the end of the year.
(2)    Excludes approximately 0.1 million PSUs related to achievement above target levels at the vesting date and approximately 0.1 million PSUs related to shares cancelled due to achievement below target levels.
The weighted-average grant date fair value of all RSUs granted during 2025, 2024, and 2023 was $70.39, $65.12, and $49.93 per share. The fair value of all RSUs vested during 2025, 2024, and 2023 was $140.4 million, $126.5 million, and $110.1 million.
Employee Stock Purchase Plan
We have an employee stock purchase plan (“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 2025, 2024, and 2023, 0.7 million, 0.7 million, and 0.8 million shares were issued, representing $34.7 million, $34.5 million, and $35.7 million in cash received for the issuance of stock under the ESPP. At the end of 2025, the number of shares reserved for future purchases was 3.2 million.
v3.25.4
Common Stock Repurchase
12 Months Ended
Jan. 02, 2026
Equity [Abstract]  
Common Stock Repurchase
NOTE 16: COMMON STOCK REPURCHASE
In the first quarter of 2025, the Board of Directors approved the February 2025 Program of up to $1.0 billion in repurchases of the Company’s common stock, which replaced and cancelled the prior 2024 stock repurchase program approved in January 2024.
On December 3, 2025, the Board of Directors approved a new stock repurchase program for up to $1.0 billion in repurchases of the Company’s common stock. The December 2025 Program does not have an expiration date and replaces the February 2025 program, of which $199 million was remaining but is now cancelled.
Under the December 2025 Program, we may repurchase stock from time to time through accelerated stock repurchase programs, open market transactions, privately negotiated transactions, block purchases, tender offers, or other means. The timing and amount of any stock repurchased will depend on a variety of factors, including market conditions, our stock price, other available uses of capital, applicable legal requirements, and other factors. This program may be suspended, modified, or discontinued at any time without prior notice. The stock repurchase authorization does not have an expiration date. At the end of 2025, there were remaining authorized funds of $925.1 million.
During 2025, 2024, and 2023, we repurchased approximately 12.2 million, 2.9 million, and 2.4 million shares of common stock in open market purchases at an average price of $71.86, $60.97, and $42.50 per share for a total of $875.4 million, $175.0 million, and $100.0 million.
Stock repurchases are reflected as a decrease to common stock based on par value and additional-paid-in-capital, determined by the average book value per share of outstanding stock, 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. Stock repurchases were recorded based upon the trade date. As a result of the 2025 repurchases under the 2025 Stock Repurchase Program, retained earnings was reduced by $755.1 million in 2025.
v3.25.4
Insider Trading Arrangements
3 Months Ended
Jan. 02, 2026
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Mark Schwartz [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On November 7, 2025, Mark Schwartz, Senior Vice President, adopted a Rule 10b5-1 trading arrangement that provides for potential sales of up to 25,525 shares of our common stock between April 15, 2026 and May 29, 2026.
Name Mark Schwartz
Title Senior Vice President
Rule 10b5-1 Arrangement Adopted true
Adoption Date November 7, 2025
Expiration Date May 29, 2026
Arrangement Duration 203 days
Aggregate Available 25,525
v3.25.4
Insider Trading Policies and Procedures
12 Months Ended
Jan. 02, 2026
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
12 Months Ended
Jan. 02, 2026
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
The Company takes a multifaceted approach to assessing, identifying, and managing material risks from cybersecurity threats. The cybersecurity risk management processes described below are integrated into the Company’s overall risk management system.
Each Trimble business has identified a dedicated expert to assess vulnerabilities, calculate risks, and determine where risk mitigation efforts are needed. These experts work with the Company’s Chief Information Security Officer (“CISO”) and alongside product engineering personnel, to review technical risk data that comes from our central risk tracking system, prioritize risk mitigation activities, and manage other risk management processes. We employ a variety of security protections in our digital systems, including access controls and logging, denial of service protection, and automated intrusion-prevention tools. We have a cybersecurity awareness program which covers topics such as phishing, social networking safety, password security, and mobile device usage. We have an information security training program, including an annual program of general security awareness for all employees and developer training throughout the year. We also conduct regular phishing simulations, with follow-up training as needed, for employees and contractors. We maintain an information security risk insurance policy.
As part of our product development activities, we have implemented the Trimble Secure Development Life Cycle (“TSDLC”), which uses overlapping security activities and controls to build robust security into the cloud-based products and services we provide, some of which are also deployed across our own IT infrastructure. TSLDC includes vulnerability scanning, intrusion prevention, tracking of security metrics, and code analysis vulnerability tools. Over 100 of our products are certified to ISO/IEC
27001:2013, which addresses secure information, resilience to cyber-attacks, existence of a centrally managed framework, organization-wide protection, responses to evolving security threats, and protection of data.
Core information technology systems supporting our business operations are backed up and stored outside of our network infrastructure. Our cloud-based systems, including products we sell, utilize configurations for backup designed to prevent data from being destroyed as a result of a cyber event.
We implement controls and procedures designed to measure and mitigate risk with third-party vendors and business partners who have access to sensitive information, including conducting a security risk assessment. Identified security risks are remediated or documented, and in some cases, the business relationship may be ended or not pursued. We also perform a vendor security assessment process for purchases over a certain minimum threshold.
Trimble’s incident response process is based on widely accepted industry frameworks, such as the cybersecurity framework set forth by the National Institute of Standards and Technology (“NIST”). Our framework includes steps to identify threat actors, contain the affected infrastructure, eradicate threat actor access, recover affected data or systems, and study lessons learned to help ensure any root causes are mitigated outside of the affected area.
Each year, our team of cybersecurity specialists builds a strategic vision of shared outcomes, which provides the basis for how cybersecurity risks are factored into the Company’s risk management initiatives. Along with the rest of the Company, the cybersecurity team, led by the CISO, sets goals for cybersecurity risk management that are periodically tracked and reported back to the cybersecurity team and to our CEO and Audit Committee.
We utilize a set of third parties for technical and non-technical evaluation of our security posture, including regular assessment of our products for vulnerabilities. We also perform an annual external “red team” assessment that provides an attack simulation for our security operations team to identify and triage.
To date, risks from cybersecurity threats, including as a result of any previous cybersecurity incidents, have not materially affected, and the Company is not aware of a basis to believe that such risks are reasonably likely to materially affect the Company, including its business strategy, results of operations, or financial condition. For additional information, see Item 1A. Risk Factors—Our internal and customer-facing systems, and systems of third parties we rely upon, may be subject to cybersecurity breaches, disruptions, or delays.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] The cybersecurity risk management processes described below are integrated into the Company’s overall risk management system.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
The Board has overall responsibility for the oversight of risk management for the Company, and it exercises this oversight through Board committees and regular engagement with the Company's senior management. The Audit Committee is responsible for oversight of cybersecurity risk exposure and mitigation, and receives regular updates on cybersecurity risk management as well as timely notice of any material cybersecurity developments from the CISO through our escalation processes. The CISO presents quarterly or as needed at the Audit Committee meetings on the Company’s cybersecurity risk management activities.
We have a dedicated team that is led by the CISO, who has a technical degree in computer science from an accredited public university and extensive experience in information technology and cybersecurity across multiple industries, including financial services and defense. The team comprises security engineers, detection specialists, and business cybersecurity experts. When the team identifies credible risks, we invoke our incident response process to track and manage the details, quickly manage exposures, assess potential customer impact, and facilitate consistent reporting to our CEO and to our Audit Committee.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Audit Committee is responsible for oversight of cybersecurity risk exposure and mitigation, and receives regular updates on cybersecurity risk management as well as timely notice of any material cybersecurity developments from the CISO through our escalation processes.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
The Board has overall responsibility for the oversight of risk management for the Company, and it exercises this oversight through Board committees and regular engagement with the Company's senior management. The Audit Committee is responsible for oversight of cybersecurity risk exposure and mitigation, and receives regular updates on cybersecurity risk management as well as timely notice of any material cybersecurity developments from the CISO through our escalation processes. The CISO presents quarterly or as needed at the Audit Committee meetings on the Company’s cybersecurity risk management activities.
We have a dedicated team that is led by the CISO, who has a technical degree in computer science from an accredited public university and extensive experience in information technology and cybersecurity across multiple industries, including financial services and defense. The team comprises security engineers, detection specialists, and business cybersecurity experts. When the team identifies credible risks, we invoke our incident response process to track and manage the details, quickly manage exposures, assess potential customer impact, and facilitate consistent reporting to our CEO and to our Audit Committee.
Cybersecurity Risk Role of Management [Text Block]
We have a dedicated team that is led by the CISO, who has a technical degree in computer science from an accredited public university and extensive experience in information technology and cybersecurity across multiple industries, including financial services and defense. The team comprises security engineers, detection specialists, and business cybersecurity experts. When the team identifies credible risks, we invoke our incident response process to track and manage the details, quickly manage exposures, assess potential customer impact, and facilitate consistent reporting to our CEO and to our Audit Committee.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The Board has overall responsibility for the oversight of risk management for the Company, and it exercises this oversight through Board committees and regular engagement with the Company's senior management. The Audit Committee is responsible for oversight of cybersecurity risk exposure and mitigation, and receives regular updates on cybersecurity risk management as well as timely notice of any material cybersecurity developments from the CISO through our escalation processes.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] who has a technical degree in computer science from an accredited public university and extensive experience in information technology and cybersecurity across multiple industries, including financial services and defense.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Board has overall responsibility for the oversight of risk management for the Company, and it exercises this oversight through Board committees and regular engagement with the Company's senior management
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Description Of Business And Accounting Policies (Policies)
12 Months Ended
Jan. 02, 2026
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
These Consolidated Financial Statements include the results of our consolidated subsidiaries. Intercompany accounts and transactions have been eliminated.
We use a 52 to 53-week fiscal year ending on the Friday nearest to December 31. 2025 and 2023 were 52-week years that ended on January 2, 2026 and December 29, 2023, and 2024 was a 53-week year that ended on January 3, 2025. Unless otherwise stated, all dates refer to our fiscal year and fiscal periods.
Consolidation
Basis of Presentation
These Consolidated Financial Statements include the results of our consolidated subsidiaries. Intercompany accounts and transactions have been eliminated.
We use a 52 to 53-week fiscal year ending on the Friday nearest to December 31. 2025 and 2023 were 52-week years that ended on January 2, 2026 and December 29, 2023, and 2024 was a 53-week year that ended on January 3, 2025. 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. 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 (i) revenue recognition, including determining the nature and timing of satisfaction of performance obligations and determining standalone selling prices of promised goods or services; (ii) inventory valuation; (iii) valuation of investments; (iv) valuation of long-lived assets and their estimated useful lives; (v) goodwill and other long-lived asset impairment analyses; (vi) stock-based compensation; and (vii) 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 three segments: (i) Architects, Engineers, Construction and Owners, (ii) Field Systems, and (iii) Transportation and Logistics.
Our CODM views and evaluates operations based on the results of our reportable operating segments under our management reporting system.
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 promised good or service. We use a range of amounts to estimate SSP and determine whether there is a discount to be allocated based on the relative SSP of the various products and services. We estimate SSP considering multiple factors including, but not limited to, our internal cost, pricing practices, sales channel, competitive positioning, and overall market and business environments. As our offerings and markets change, we may be required to reassess our estimated SSP and, as a result, the timing and classification of our revenue could be affected.
Nature of Goods and Services
We generate revenue primarily from products and subscriptions and services; each of which is a distinct performance obligation. Descriptions are as follows:
Product
Product revenue includes hardware and perpetual software licenses.
Hardware is recognized when the control of the product transfers to the customer, which generally occurs 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 of the products has transferred to the customer.
Software including perpetual licenses is recognized upon delivery and commencement of the license term. In general, our contracts do not provide for customer specific acceptances.
Subscription and Services
Subscription and services revenue includes SaaS and hosting services, term licenses, hardware and software maintenance, and support and professional services.
SaaS may be sold with devices used to collect, generate, and transmit data. SaaS is distinct from the related devices. SaaS is provided on either a subscription or a consumption basis. 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. SaaS subscription revenue is recognized monthly over the subscription term, commencing from activation. Revenue related to SaaS on a consumption basis is recognized when the customer utilizes the service based on the quantity of the services consumed.
Term license subscriptions contain an on-premise term license component as well as maintenance and support. Term licenses are distinct and recognized upon transfer and commencement of the subscription license term. Maintenance and support are recognized ratably over the subscription term. The subscription term generally ranges from one to three years.
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.
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, which ranges from three to seven years.
At the end of 2025 and 2024, deferred costs to obtain customer contracts were $161.9 million and $124.3 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 $60.1 million, $55.2 million, and $39.5 million for 2025, 2024, and 2023. This expense is included in Sales and marketing expenses in our Consolidated Statements of Income.
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.
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.
Inventories
Inventories
Inventories are stated at the lower of cost or net realizable value. Cost is computed using standard cost, which approximates actual cost. 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. Included in the software category, internal-use software includes certain costs to purchase, develop, and implement the software during the application development phase.
Cloud Computing Arrangements
Cloud Computing Arrangements
Costs incurred for certain cloud-based software hosting arrangements are capitalized for application development activities, and expensed for preliminary project and post-implementation activities. Our capitalized development costs are amortized using the straight-line method over the remaining non-cancellable term of the associated hosting arrangement plus any reasonably certain renewal periods. The capitalized costs are included in “Prepaid expenses” and “Other non-current assets” in our Consolidated Balance Sheets.
Leases
Leases
We determine if an arrangement is a lease at inception. Operating leases with lease terms greater than one year result in the recognition of operating lease right-of-use (“ROU”) assets and lease liabilities.
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 the commencement date. The operating lease ROU assets include 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 and liabilities assumed 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 revenue and revenue 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 using the straight-line method over their estimated useful lives, which range from three to eleven years and have a weighted-average useful life of approximately nine 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
Equity Investments
Equity Investments
We have investments in various unconsolidated entities. These investments represent non-marketable securities and include joint operating ventures and strategic investments. We use the equity method of accounting for investments in common stock holdings where we have significant influence. Our proportionate share of income or loss for equity method investments is recorded in income (loss) from equity method investments, net.
For all other investments, we use the measurement alternative election. Under the measurement alternative, investments without readily determinable fair values are measured at cost, less any impairments, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. To determine if a transaction is deemed a similar investment, we consider the rights and obligations of the investments. All gains and losses on these investments are recognized in other income (loss), net.
We assess all equity investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable.
We enter into related party transactions with certain of our investees. These transactions are recorded based on the nature of the arrangements and primarily include sales and purchases involving GNSS technology and guidance products, positioning services, grade control solutions, and surveying and mapping products. Total related party revenue from our investees was $124.1 million, $108.8 million, and $87.7 million for 2025, 2024, and 2023.
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 expenses are translated at average monthly exchange rates during the year. Translation adjustments resulting from this process are recorded to other comprehensive income.
Advertising and Promotional Costs
Advertising and Promotional Costs
Advertising and promotional costs are expensed as incurred
Stock-Based Compensation
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
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 that such assets will not be realized. Our valuation allowance is primarily attributable to state research and development credit carryforwards, foreign net operating and capital losses, and our investment in PTx Trimble.
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 circumstances 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
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 enter 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; thus, no liabilities have been recorded for these obligations in the Consolidated Balance Sheets at the end of 2025 and 2024.
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 Euro, New Zealand Dollars, Canadian Dollars, Brazilian Real, and Australian Dollars. 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. We do not enter into foreign currency forward contracts for trading purposes.
Recently issued Accounting Pronouncements Not Yet Adopted and Recently Adopted Accounting Pronouncements
Recently Issued Accounting Pronouncements Not Yet Adopted
In September 2025, the FASB issued Accounting Standards Update (“ASU) 2025-06, Intangibles – Goodwill and Other – Internal-Use Software (Topic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The ASU removes references to software development stages and requires software costs to be capitalized when (i) management authorizes and commits to funding a software project, and (ii) the project is probable of completion. The ASU is effective for interim and annual reports beginning in 2028, with early adoption permitted. The ASU may be applied on a prospective, modified prospective, or retrospective basis. We are currently evaluating the impact of adopting this ASU.
In July 2025, the FASB issued ASU 2025-05, Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. The ASU allows a practical expedient election to simplify the expected credit loss estimation for short-term accounts receivable and contract assets by assuming conditions as of the balance sheet date do not change for the remaining life of the asset. The ASU is effective for interim and annual reports beginning in 2026 on a prospective basis, with early adoption permitted. We do not expect material changes from adopting this ASU.
In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income (Topic 220): Disaggregation of Income Statement Expenses. The ASU requires additional disclosures by disaggregating costs and expense line items that are presented on the face of the income statement. The disaggregation includes: (i) amounts of purchased inventory, employee compensation, depreciation, amortization, and other related costs and expenses; (ii) an explanation of costs and expenses that are not disaggregated on a quantitative basis; and (iii) the definition and total amount of selling expenses. The ASU is effective for our annual report on Form 10-K beginning in 2027 and subsequent interim reporting periods, with early adoption permitted. The ASU may be applied either prospectively or retrospectively. We are currently evaluating the impact of adopting this ASU.
Recently Adopted Accounting Pronouncements
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU updated the annual income tax disclosures by requiring (i) specific categories and greater disaggregation of information in the rate reconciliation; (ii) income taxes paid disaggregated by taxing authority and jurisdiction; and (iii) disclosures of pre-tax income (or loss) and income tax expense (or benefit). We adopted the ASU in the fourth quarter of 2025 on a prospective basis. See Note 14 “Income Taxes” in Item 8 of this report for additional disclosure.
v3.25.4
Earnings Per Share (Tables)
12 Months Ended
Jan. 02, 2026
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:
 202520242023
(In millions, except per share amounts)   
Numerator:
Net income$424.0 $1,504.4 $311.3 
Denominator:
Weighted-average shares of common stock outstanding - basic
239.2 245.5 247.9 
Effect of dilutive securities2.3 1.7 1.2 
Weighted-average shares of common stock outstanding - diluted
241.5 247.2 249.1 
Basic earnings per share$1.77 $6.13 $1.26 
Diluted earnings per share$1.76 $6.09 $1.25 
Antidilutive weighted-average shares (1)
0.5 1.4 1.9 
(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.
v3.25.4
Equity Investments (Tables)
12 Months Ended
Jan. 02, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The following table presents our equity investments in non-marketable securities:
At the End of Year
20252024
(In millions)
Equity method investments
$340.4 $334.6 
Other investments
270.4 26.4 
Total equity investments
$610.8 $361.0 
v3.25.4
Intangible Assets and Goodwill (Tables)
12 Months Ended
Jan. 02, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
The following table presents a summary of our intangible assets:
At the End of 2025At the End of 2024
(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 technology7$804.9 $(592.3)$212.6 $819.0 $(561.2)$257.8 
Customer relationships111,199.6 (491.6)708.0 1,175.5 (440.2)735.3 
Trade names and other intellectual properties
535.1 (31.6)3.5 39.0 (34.0)5.0 
$2,039.6 $(1,115.5)$924.1 $2,033.5 $(1,035.4)$998.1 
Schedule of Estimated Future Amortization Expense
The estimated future amortization expense of intangible assets at the end of 2025 was as follows:
(In millions)
2026$171.1 
2027157.7 
2028143.6 
2029122.1 
203085.7 
Thereafter243.9 
Total$924.1 
Schedule of Changes in Carrying Amount of Goodwill by Operating Segment
The changes in the carrying amount of goodwill by segment for 2025 were as follows:
AECO
Field Systems
T&L
Total
(In millions)    
Balance as of year end 2024
$1,986.1 $958.2 $2,044.1 $4,988.4 
Decreases due to divestitures
— — (3.6)(3.6)
Foreign currency translation and other adjustments50.9 19.0 185.0 254.9 
Balance as of year end 2025$2,037.0 $977.2 $2,225.5 $5,239.7 
v3.25.4
Certain Balance Sheet Components (Tables)
12 Months Ended
Jan. 02, 2026
Balance Sheet Related Disclosures [Abstract]  
Schedule of Components of Inventory
The components of inventories, net were as follows:
At the End of Year20252024
(In millions)  
Raw materials$70.4 $71.7 
Work-in-process5.1 5.2 
Finished goods110.8 117.4 
Total inventories$186.3 $194.3 
Schedule of Components Of Property and Equipment
The components of property and equipment, net were as follows:

At the End of 2025
At the End of 2024
(In millions)Gross Carrying
Amount
Accumulated
Depreciation
Net  Carrying
Amount
Gross Carrying
Amount
Accumulated
Depreciation
Net  Carrying
Amount
Property and equipment:
Land, building, furniture, and leasehold improvements$239.4 $(104.3)$135.1 $238.9 $(98.8)$140.1 
Machinery and equipment157.9 (129.9)28.0 147.0 (121.8)25.2 
Software
130.0 (123.7)6.3 128.4 (118.6)9.8 
Construction in progress 13.4 — 13.4 13.3 — 13.3 
Total property and equipment
$540.7 $(357.9)$182.8 $527.6 $(339.2)$188.4 
Schedule of Components of Accumulated Other Comprehensive Income (Loss), Net
The components of accumulated other comprehensive income (loss), net of related tax were as follows:
At the End of Year20252024
(In millions)
Accumulated foreign currency translation adjustments$7.9 $(385.2)
Gain on cash flow hedge3.6 4.1 
Net unrealized actuarial losses(1.0)(0.8)
Total accumulated other comprehensive income (loss)
$10.5 $(381.9)
v3.25.4
Segment and Geographic Information (Tables)
12 Months Ended
Jan. 02, 2026
Segment Reporting, Measurement Disclosures [Abstract]  
Schedule Of Revenue, Operating Income And Identifiable Assets By Segment
The following reportable segment tables reflect the revenue, costs and expenses, and operating income of our reportable operating segments under our management reporting system. Segment costs and expenses include directly attributable costs and certain indirect costs allocated to segments, such as facilities, information technology, cloud services, finance, legal, and human resources. This is consistent with the way the CODM evaluates each segment's performance and allocates resources.
 
Reportable Segments
 
AECO
Field Systems
T&L
(In millions)   
2025
Segment revenue$1,498.6 $1,539.5 $549.2 
Cost of sales
235.1 636.7 145.2 
Operating expense
751.4 424.7 283.5 
Operating income
$512.1 $478.1 $120.5 
Operating income %
34.2 %31.1 %21.9 %
2024
Segment revenue$1,358.6 $1,535.9 $788.8 
Cost of sales
220.4 666.3 280.2 
Operating expense
674.6 427.6 353.5 
Operating income
$463.6 $442.0 $155.1 
Operating income %
34.1 %28.8 %19.7 %
2023
Segment revenue$1,110.5 $1,967.9 $720.3 
Cost of sales213.3 843.4 278.8 
Operating expense
568.2 521.0 323.3 
Operating income
$329.0 $603.5 $118.2 
Operating income %
29.6 %30.7 %16.4 %
Schedule of Reconciliation Of Our Total Segment Gross Margin and Operating Income To Consolidated Income Before Income Taxes
A reconciliation of our total segment operating income to consolidated income before income taxes was as follows: 
 202520242023
(In millions)  
Total segment operating income
$1,110.7 $1,060.7 $1,050.7 
Unallocated general corporate expenses(122.6)(123.5)(116.0)
Amortization of purchased intangible assets(172.0)(199.0)(212.3)
Acquisition / divestiture items(19.1)(81.6)(72.4)
Stock-based compensation / deferred compensation(151.5)(163.5)(151.1)
Restructuring and other costs(53.5)(32.4)(50.1)
Consolidated operating income592.0 460.7 448.8 
Total non-operating (expense) income, net(82.6)1,545.2 (91.8)
Consolidated income before taxes$509.4 $2,005.9 $357.0 
Schedule Of Revenue From Customers by Geographic Area
The disaggregation of revenue by geography is summarized in the tables below. Revenue is defined as revenue from external customers attributed to countries based on the location of the customer and is consistent with the Reportable Segment tables above.
 
Reportable Segments
 AECOField SystemsT&LTotal
(In millions)    
2025
North America$935.7 $841.7 $298.5 $2,075.9 
Europe392.1 396.9 232.6 1,021.6 
Asia Pacific135.1 202.9 11.7 349.7 
Rest of World35.7 98.0 6.4 140.1 
Total segment revenue$1,498.6 $1,539.5 $549.2 $3,587.3 
2024
North America$819.8 $785.9 $473.0 $2,078.7 
Europe375.9 416.0 258.4 1,050.3 
Asia Pacific125.5 224.8 14.9 365.2 
Rest of World37.4 109.2 42.5 189.1 
Total segment revenue$1,358.6 $1,535.9 $788.8 $3,683.3 
2023
North America$655.5 $892.9 $470.1 $2,018.5 
Europe293.7 581.2 201.3 1,076.2 
Asia Pacific98.1 320.6 10.2 428.9 
Rest of World63.2 173.2 38.7 275.1 
Total segment revenue$1,110.5 $1,967.9 $720.3 $3,798.7 
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
The following table presents our physical long-lived assets by geographic area, which consist of property and equipment, net and operating lease right-of-use assets:
At the End of Year20252024
(In millions)  
United States$178.9 $178.0 
Europe102.3 96.0 
Asia Pacific and Rest of World47.2 37.9 
Total long-lived assets
$328.4 $311.9 
v3.25.4
Debt (Tables)
12 Months Ended
Jan. 02, 2026
Debt Disclosure [Abstract]  
Schedule Of Debt
Total outstanding debt consisted of the following:
At the End of YearEffective interest rate
(In millions, except percentages)Date of Issuance
End of 2025
20252024
Senior Notes:
   Senior Notes, 4.90%, due June 2028
June 20185.04%$600.0 $600.0 
   Senior Notes, 6.10%, due March 2033
March 20236.13%800.0 800.0 
Unamortized discount and issuance costs(7.8)(9.4)
Total debt$1,392.2 $1,390.6 
v3.25.4
Leases (Tables)
12 Months Ended
Jan. 02, 2026
Leases [Abstract]  
Schedule Of Lease Costs
Operating lease expense consisted of:
202520242023
(In millions) 
Operating lease expense$30.3 $31.4 $33.5 
Short-term lease expense and other13.5 15.0 17.1 
Total lease expense$43.8 $46.4 $50.6 
Supplemental cash flow information related to leases was as follows:
202520242023
(In millions)
Cash paid for operating leases (1)
$29.1 $30.3 $31.0 
Right-of-use assets obtained in exchange for Operating lease liabilities:$39.2 $44.1 $47.0 
(1)Excludes cash payments for short-term leases that are not capitalized.
Supplemental balance sheet information related to leases was as follows:
At the End of Year
Classification
20252024
(In millions)
Operating lease right-of-use assetsOther non-current assets$145.6 $123.5 
Current operating lease liabilities
Other current liabilities$27.8 $21.2 
Non-current operating liabilities
Other non-current liabilities141.1 123.4 
  Total operating lease liabilities$168.9 $144.6 
Weighted-average discount rate 4.63 %4.58 %
Weighted-average remaining lease term7 years7 years
Schedule of Operating Lease Maturities
At the end of 2025, the maturities of lease liabilities were as follows:
(In millions)
2026$34.9 
202734.6 
202829.3 
202926.2 
203022.6 
Thereafter49.3 
Total lease payments196.9 
Less: imputed interest28.0 
Total $168.9 
v3.25.4
Deferred Revenue And Remaining Performance Obligations (Tables)
12 Months Ended
Jan. 02, 2026
Revenue Recognition and Deferred Revenue [Abstract]  
Schedule of Deferred Revenue and Performance Obligations
Changes in our deferred revenue during 2025 and 2024 were as follows: 
(In millions) 20252024
Beginning balance of the period$896.0 $761.4 
Revenue recognized from prior year-end(775.2)(652.3)
Billings net of revenue recognized from current year and other877.9 786.9 
Ending balance of the period$998.7 $896.0 
v3.25.4
Income Taxes (Tables)
12 Months Ended
Jan. 02, 2026
Income Tax Disclosure [Abstract]  
Schedule Of Income Before Taxes
Income before taxes and the provision (benefit) for taxes consisted of the following:
202520242023
(In millions)
Income before taxes:
United States$308.8 $216.4 $26.9 
Foreign200.6 1,789.5 330.1 
Total$509.4 $2,005.9 $357.0 
Provision (benefit) for taxes:
U.S. Federal:
Current$2.9 $94.1 $57.1 
Deferred35.6 (71.2)(92.5)
38.5 22.9 (35.4)
U.S. State:
Current11.4 15.6 12.8 
Deferred3.9 2.1 (6.6)
15.3 17.7 6.2 
Foreign:
Current68.8 364.8 80.4 
Deferred(37.2)96.1 (5.5)
31.6 460.9 74.9 
Income tax provision$85.4 $501.5 $45.7 
Effective tax rate16.8 %25.0 %12.8 %
Schedule Of Provision (Benefit) For Taxes
Income before taxes and the provision (benefit) for taxes consisted of the following:
202520242023
(In millions)
Income before taxes:
United States$308.8 $216.4 $26.9 
Foreign200.6 1,789.5 330.1 
Total$509.4 $2,005.9 $357.0 
Provision (benefit) for taxes:
U.S. Federal:
Current$2.9 $94.1 $57.1 
Deferred35.6 (71.2)(92.5)
38.5 22.9 (35.4)
U.S. State:
Current11.4 15.6 12.8 
Deferred3.9 2.1 (6.6)
15.3 17.7 6.2 
Foreign:
Current68.8 364.8 80.4 
Deferred(37.2)96.1 (5.5)
31.6 460.9 74.9 
Income tax provision$85.4 $501.5 $45.7 
Effective tax rate16.8 %25.0 %12.8 %
Schedule Of Difference Between The Tax Provision At The Statutory Federal Income Tax Rate And The Tax Provision (Benefit) As A Percentage Of Income Before Taxes (Effective Tax Rate)
The 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”) was as follows:
2025
(In millions)AmountPercent
U.S. Federal statutory income tax rate$107.0 21.0 %
Domestic federal reconciling items
Cross-border taxes
Global intangible low-taxed income(12.4)(2.4)%
Other(4.5)(0.9)%
Tax credits(14.1)(2.8)%
Nontaxable and nondeductible items, net
Stock-based compensation7.0 1.4 %
Other0.4 0.1 %
Change in valuation allowances0.5 0.1 %
Others(1.9)(0.4)%
Subtotal domestic federal reconciling items(25.0)(4.9)%
Domestic state and local income taxes, net of federal effect (1)
12.7 2.5 %
Foreign tax effects
Netherlands
Nondeductible foreign exchange loss6.1 1.2 %
Other1.9 0.4 %
Germany
Change in tax rate or law enacted in current period(11.0)(2.2)%
Intercompany intellectual property transfer(6.7)(1.3)%
Other(0.5)(0.1)%
Other foreign jurisdictions6.1 1.2 %
Subtotal foreign tax effects(4.1)(0.8)%
Changes in unrecognized tax benefits(5.2)(1.0)%
Income tax provision and effective tax rate$85.4 16.8 %
(1) State taxes in Florida, Illinois, Michigan, Minnesota, Pennsylvania, and Texas made up the majority (greater than 50%) of the tax effect in this category.
In periods prior to the adoption of ASU 2023-09, the reconciliation of the federal statutory income tax rate to our effective tax rate for 2024 and 2023 was as follows:
20242023
Statutory federal income tax rate21.0 %21.0 %
Increase (reduction) in tax rate resulting from:
Foreign income taxed at different rates3.4 %0.8 %
U.S. State income taxes0.8 %1.0 %
Stock-based compensation0.9 %4.8 %
Other U.S. taxes on foreign operations(2.8)%(4.4)%
Foreign-derived intangible income
— %(3.9)%
U.S. Federal research and development credits(0.8)%(5.4)%
Tax reserve releases(1.0)%(2.5)%
Tax on Ag divestiture
2.1 %— %
Other1.4 %1.4 %
Effective tax rate25.0 %12.8 %
Schedule of Income Tax Paid
The following table presents the disclosure required by ASU 2023-09 regarding cash paid for income taxes in 2025. In periods prior to the adoption of ASU 2023-09, total cash paid for income taxes was $228.1 million and $168.0 million in 2024 and 2023.
2025
(In millions)
US Federal$10.2 
Domestic state and local10.4 
Subtotal domestic state and local20.6 
Foreign
Netherlands289.3 
Finland35.9 
Germany26.7 
Other55.0 
Subtotal foreign406.9 
Total cash paid during the period for income taxes$427.5 
Schedule Of Deferred Tax Assets And Liabilities The significant components of deferred tax assets and liabilities were as follows:
At the End of Year20252024
(In millions)  
Deferred tax liabilities:
Purchased intangibles$288.9 $311.3 
Global intangible low-taxed income— 17.6 
Operating lease right-of-use assets35.0 29.7 
Other34.5 26.9 
Total deferred tax liabilities$358.4 $385.5 
Deferred tax assets:
Depreciation and amortization$195.2 $217.6 
Capitalized research and development68.7 118.2 
Operating lease liabilities
39.6 34.7 
U.S. tax credit carryforwards20.7 23.1 
Expenses not currently deductible48.6 26.3 
Net operating loss carryforwards
17.3 24.3 
Stock-based compensation
16.3 17.2 
Global intangible low-taxed income3.1 — 
Other68.7 74.6 
Total deferred tax assets478.2 536.0 
Valuation allowance(50.3)(56.0)
Total deferred tax assets427.9 480.0 
Total net deferred tax assets$69.5 $94.5 
Reported as:
Non-current deferred income tax assets$260.0 $294.4 
Non-current deferred income tax liabilities(190.5)(199.9)
Net deferred tax assets$69.5 $94.5 
Schedule of Unrecognized Tax Benefits Roll Forward
The total amount of unrecognized tax benefits at the end of 2025 was $79.7 million. A reconciliation of gross unrecognized tax benefits was as follows: 
202520242023
(In millions)
Beginning balance$78.2 $88.3 $76.5 
Increase related to current year tax positions12.4 11.3 12.4 
Increase (decrease) related to prior years’ tax positions
0.9 (1.5)7.6 
Lapse of statute of limitations(11.8)(19.9)(8.2)
Ending balance$79.7 $78.2 $88.3 
v3.25.4
Employee Stock Benefit Plans (Tables)
12 Months Ended
Jan. 02, 2026
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:
202520242023
(In millions)   
Restricted stock units$131.6 $145.2 $132.8 
Stock options4.9 3.4 1.8 
ESPP10.0 10.0 10.8 
Total stock-based compensation expense$146.5 $158.6 $145.4 
Stock-based compensation expense was allocated as follows:
202520242023
(In millions)   
Cost of sales$15.4 $17.0 $14.6 
Research and development41.1 45.0 40.7 
Sales and marketing27.6 29.3 27.1 
General and administrative62.4 67.3 63.0 
Total stock-based compensation expense$146.5 $158.6 $145.4 
Summary of Performance of Our Financial Results
2025 Restricted Stock Units Unvested
Number of Units (1)
Weighted Average
Grant-Date Fair Value per Share
(In millions, except for per share data)  
Unvested at the beginning of year
5.4 $60.37 
Granted (2)
2.2 $70.39 
Shares vested, net (2)
(2.4)$61.84 
Cancelled and forfeited
(0.5)$59.24 
Unvested at the end of year
4.7 $64.43 
(1)    Includes 0.3 million PSUs granted, 0.3 million PSUs vested, 0.1 million PSUs cancelled and forfeited, and 1.0 million PSUs unvested at the end of the year.
(2)    Excludes approximately 0.1 million PSUs related to achievement above target levels at the vesting date and approximately 0.1 million PSUs related to shares cancelled due to achievement below target levels.
v3.25.4
Description Of Business And Accounting Policies (Details)
12 Months Ended
Jan. 02, 2026
USD ($)
segment
Jan. 03, 2025
USD ($)
Dec. 29, 2023
USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Number of reportable segments | segment 3    
Number of operating segments | segment 3    
Capitalized contract cost $ 161,900,000 $ 124,300,000  
Capitalized contract cost, amortization expense 60,100,000 55,200,000 $ 39,500,000
Capitalized software costs 61,200,000 64,100,000  
Amortization of capitalized software 21,000,000.0 16,300,000 8,700,000
Total revenue 3,587,300,000 3,683,300,000 3,798,700,000
Advertising and promotional costs 83,800,000 57,900,000 57,300,000
Forward Contracts      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Derivative financial instruments accounted for as hedges 0 0  
Equity Method Investee      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Total revenue $ 124,100,000 $ 108,800,000 $ 87,700,000
Building      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Useful life of asset (in years) 39 years    
Minimum      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Subscription revenue term (in years) 1 year    
Subscription term (in years) 1 year    
Product warranty term (in years) 1 year    
Post contract support term (in years) 1 year    
Capitalized contract cost, amortization period (in years) 3 years    
Weighted-average useful lives (in years) 3 years    
Minimum | Machinery and equipment      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Useful life of asset (in years) 4 years    
Minimum | Furniture and Fixtures      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Useful life of asset (in years) 5 years    
Minimum | Computer Equipment And Software      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Useful life of asset (in years) 2 years    
Maximum      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Subscription revenue term (in years) 3 years    
Subscription term (in years) 3 years    
Product warranty term (in years) 2 years    
Post contract support term (in years) 3 years    
Capitalized contract cost, amortization period (in years) 7 years    
Weighted-average useful lives (in years) 11 years    
Maximum | Machinery and equipment      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Useful life of asset (in years) 6 years    
Maximum | Furniture and Fixtures      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Useful life of asset (in years) 10 years    
Maximum | Computer Equipment And Software      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Useful life of asset (in years) 5 years    
Weighted Average      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Weighted-average useful lives (in years) 9 years    
v3.25.4
Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Numerator:      
Net income $ 424.0 $ 1,504.4 $ 311.3
Denominator:      
Weighted-average shares of common stock outstanding - basic (in shares) 239.2 245.5 247.9
Effect of dilutive securities (in shares) 2.3 1.7 1.2
Weighted-average shares of common stock outstanding - diluted (in shares) 241.5 247.2 249.1
Basic earnings per share (in usd per share) $ 1.77 $ 6.13 $ 1.26
Diluted earnings per share (in usd per share) $ 1.76 $ 6.09 $ 1.25
Antidilutive weighted-average shares (in shares) 0.5 1.4 1.9
v3.25.4
Acquisitions (Details)
$ in Millions, € in Billions
12 Months Ended
Jan. 02, 2026
USD ($)
Jan. 03, 2025
USD ($)
acquisition
Dec. 29, 2023
USD ($)
business
Dec. 29, 2023
EUR (€)
business
Business Combination [Line Items]        
Number of businesses acquired | business     3 3
Repayments of long-term debt $ 577.2 $ 2,199.4 $ 2,292.9  
Goodwill 5,239.7 4,988.4    
Acquisition related costs $ 1.0 $ 9.1 $ 35.0  
Business Combination, Series of Individually Immaterial Business Combinations        
Business Combination [Line Items]        
Number of businesses acquired   1 2 2
Purchase consideration   $ 26.3 $ 47.0  
Business Combination, Series of Individually Immaterial Business Combinations | Maximum        
Business Combination [Line Items]        
Total revenue percentage   1.00% 1.00% 1.00%
Transporeon        
Business Combination [Line Items]        
Purchase consideration     $ 2,100.0 € 1.9
Repayments of long-term debt     339.6  
Goodwill     1,390.1  
Total intangible assets acquired     939.8  
Intangible assets     9.3  
Deferred tax liabilities     $ 256.6  
v3.25.4
Divestitures (Details)
$ in Millions
3 Months Ended 12 Months Ended
Feb. 08, 2025
USD ($)
Apr. 01, 2024
USD ($)
Jun. 28, 2024
USD ($)
Jan. 02, 2026
USD ($)
Jan. 03, 2025
USD ($)
business
Dec. 29, 2023
USD ($)
business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Equity ownership interests with fair value       $ 270.4 $ 26.4  
Pre tax loss       (3.0) (1,687.9) $ (9.2)
Income (loss) from equity method investments, net       $ (0.2) (48.1) $ 28.1
Disposal Group Not Discontinued Operation Gain Loss On Disposal Statement Of Income Extensible List Not Disclosed Flag     pre-tax gain      
Held for sale | Global Transportation Telematics ("Mobility")            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Disposal group, including discontinued operation, assets $ 277.3          
Goodwill 145.3          
Pre tax loss 30.6       $ 32.9  
Held for sale | Trimble Ag            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Disposal group, including discontinued operation, assets   $ 457.3        
Goodwill   357.4        
Disposal group, including discontinued operation, consideration   $ 1,900.0        
Pre-tax gain on disposal     $ 1,700.0      
Disposal Group, Disposed of by Sale, Not Discontinued Operations            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Number of business disposed | business         2 5
Divestitures of businesses, net of cash divested         $ 13.3 $ 18.7
Platform Science            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Equity ownership interests with fair value $ 253.9          
Ownership percentage 32.50%          
Platform Science | Preferred Stock            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Ownership percentage 28.50%          
Platform Science | Warrant            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Ownership percentage 4.00%          
PTx Trimble            
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]            
Ownership percentage   15.00%        
Income (loss) from equity method investments, net   $ 275.6        
v3.25.4
Equity Investments - Schedule of Equity Method Investments (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Equity Method Investments and Joint Ventures [Abstract]    
Equity method investments $ 340.4 $ 334.6
Other investments 270.4 26.4
Total equity investments $ 610.8 $ 361.0
v3.25.4
Equity Investments - Narrative (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Feb. 08, 2025
Jan. 03, 2025
Apr. 01, 2024
Schedule of Equity Method Investments [Line Items]        
Equity investments $ 340.4   $ 334.6  
Other investments 270.4   26.4  
Platform Science        
Schedule of Equity Method Investments [Line Items]        
Other investments, ownership percentage   32.50%    
Other investments $ 253.9      
Minimum        
Schedule of Equity Method Investments [Line Items]        
Other investments, ownership percentage 1.00%      
Maximum        
Schedule of Equity Method Investments [Line Items]        
Other investments, ownership percentage 32.50%      
Joint Operating Ventures in Privately-Held Companies | Minimum        
Schedule of Equity Method Investments [Line Items]        
Ownership percentage 5.00%      
Joint Operating Ventures in Privately-Held Companies | Maximum        
Schedule of Equity Method Investments [Line Items]        
Ownership percentage 50.00%      
PTx Trimble        
Schedule of Equity Method Investments [Line Items]        
Ownership percentage       15.00%
Equity investments $ 216.8   $ 222.3  
v3.25.4
Intangible Assets and Goodwill - Schedule Of Intangible Assets (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Gross Carrying Amount $ 2,039.6 $ 2,033.5
Accumulated Amortization (1,115.5) (1,035.4)
Total 924.1 998.1
Gross amount written off due to full amortization $ 125.7 182.8
Developed product technology    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Weighted-Average Useful Lives (in years) 7 years  
Gross Carrying Amount $ 804.9 819.0
Accumulated Amortization (592.3) (561.2)
Total $ 212.6 257.8
Customer relationships    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Weighted-Average Useful Lives (in years) 11 years  
Gross Carrying Amount $ 1,199.6 1,175.5
Accumulated Amortization (491.6) (440.2)
Total $ 708.0 735.3
Trade names and other intellectual properties    
Intangible Asset, Acquired, Finite-Lived [Line Items]    
Weighted-Average Useful Lives (in years) 5 years  
Gross Carrying Amount $ 35.1 39.0
Accumulated Amortization (31.6) (34.0)
Total $ 3.5 $ 5.0
v3.25.4
Intangible Assets and Goodwill - Schedule Of Estimated Future Amortization Expense (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Goodwill and Intangible Assets Disclosure [Abstract]    
2026 $ 171.1  
2027 157.7  
2028 143.6  
2029 122.1  
2030 85.7  
Thereafter 243.9  
Total $ 924.1 $ 998.1
v3.25.4
Intangible Assets and Goodwill - Changes In Carrying Amount Of Goodwill By Operating Segment (Details)
$ in Millions
12 Months Ended
Jan. 02, 2026
USD ($)
Goodwill [Roll Forward]  
Goodwill, beginning balance $ 4,988.4
Decreases due to divestitures (3.6)
Foreign currency translation and other adjustments 254.9
Goodwill, ending balance 5,239.7
AECO  
Goodwill [Roll Forward]  
Goodwill, beginning balance 1,986.1
Decreases due to divestitures 0.0
Foreign currency translation and other adjustments 50.9
Goodwill, ending balance 2,037.0
Field Systems  
Goodwill [Roll Forward]  
Goodwill, beginning balance 958.2
Decreases due to divestitures 0.0
Foreign currency translation and other adjustments 19.0
Goodwill, ending balance 977.2
T&L  
Goodwill [Roll Forward]  
Goodwill, beginning balance 2,044.1
Decreases due to divestitures (3.6)
Foreign currency translation and other adjustments 185.0
Goodwill, ending balance $ 2,225.5
v3.25.4
Certain Balance Sheet Components - Components Of Net Inventories (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Balance Sheet Related Disclosures [Abstract]    
Raw materials $ 70.4 $ 71.7
Work-in-process 5.1 5.2
Finished goods 110.8 117.4
Total inventories $ 186.3 $ 194.3
v3.25.4
Certain Balance Sheet Components - Components Of Property And Equipment (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Property, Plant and Equipment [Line Items]      
Gross Carrying Amount $ 540.7 $ 527.6  
Accumulated Depreciation (357.9) (339.2)  
Net  Carrying Amount 182.8 188.4  
Depreciation 27.8 33.0 $ 38.3
Land, building, furniture, and leasehold improvements      
Property, Plant and Equipment [Line Items]      
Gross Carrying Amount 239.4 238.9  
Accumulated Depreciation (104.3) (98.8)  
Net  Carrying Amount 135.1 140.1  
Machinery and equipment      
Property, Plant and Equipment [Line Items]      
Gross Carrying Amount 157.9 147.0  
Accumulated Depreciation (129.9) (121.8)  
Net  Carrying Amount 28.0 25.2  
Software      
Property, Plant and Equipment [Line Items]      
Gross Carrying Amount 130.0 128.4  
Accumulated Depreciation (123.7) (118.6)  
Net  Carrying Amount 6.3 9.8  
Construction in progress      
Property, Plant and Equipment [Line Items]      
Gross Carrying Amount 13.4 13.3  
Accumulated Depreciation 0.0 0.0  
Net  Carrying Amount $ 13.4 $ 13.3  
v3.25.4
Certain Balance Sheet Components - Components Of Accumulated Other Comprehensive Income (Loss), Net Of Related Tax (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Balance Sheet Related Disclosures [Abstract]    
Accumulated foreign currency translation adjustments $ 7.9 $ (385.2)
Gain on cash flow hedge 3.6 4.1
Net unrealized actuarial losses (1.0) (0.8)
Total accumulated other comprehensive income (loss) $ 10.5 $ (381.9)
v3.25.4
Segment and Geographic Information - Schedule Of Revenue, Operating Income And Identifiable Assets By Segment (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Segment Reporting Information [Line Items]      
Segment revenue $ 3,587.3 $ 3,683.3 $ 3,798.7
Operating expense 1,885.9 1,935.6 1,884.0
Operating income 592.0 460.7 448.8
AECO      
Segment Reporting Information [Line Items]      
Segment revenue 1,498.6 1,358.6 1,110.5
Cost of sales 235.1 220.4 213.3
Operating expense 751.4 674.6 568.2
Operating income $ 512.1 $ 463.6 $ 329.0
Operating income % 34.20% 34.10% 29.60%
Field Systems      
Segment Reporting Information [Line Items]      
Segment revenue $ 1,539.5 $ 1,535.9 $ 1,967.9
Cost of sales 636.7 666.3 843.4
Operating expense 424.7 427.6 521.0
Operating income $ 478.1 $ 442.0 $ 603.5
Operating income % 31.10% 28.80% 30.70%
T&L      
Segment Reporting Information [Line Items]      
Segment revenue $ 549.2 $ 788.8 $ 720.3
Cost of sales 145.2 280.2 278.8
Operating expense 283.5 353.5 323.3
Operating income $ 120.5 $ 155.1 $ 118.2
Operating income % 21.90% 19.70% 16.40%
v3.25.4
Segment and Geographic Information - Reconciliation Of The Company's Total Segment Gross Margin and Operating Income To Consolidated Income Before Income Taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Consolidated operating income $ 592.0 $ 460.7 $ 448.8
Unallocated general corporate expenses (1,885.9) (1,935.6) (1,884.0)
Amortization of purchased intangible assets (172.0) (199.0) (212.3)
Acquisition / divestiture items (19.1) (81.6) (72.4)
Stock-based compensation / deferred compensation (151.5) (163.5) (151.1)
Restructuring and other costs (53.5) (32.4) (50.1)
Total non-operating (expense) income, net (82.6) 1,545.2 (91.8)
Consolidated income before taxes 509.4 2,005.9 357.0
Operating Segment      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Consolidated operating income 1,110.7 1,060.7 1,050.7
Non-Segment      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Unallocated general corporate expenses $ (122.6) $ (123.5) $ (116.0)
v3.25.4
Segment and Geographic Information - Segment Revenue by Geography (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Revenue from External Customer [Line Items]      
Segment revenue $ 3,587.3 $ 3,683.3 $ 3,798.7
AECO      
Revenue from External Customer [Line Items]      
Segment revenue 1,498.6 1,358.6 1,110.5
Field Systems      
Revenue from External Customer [Line Items]      
Segment revenue 1,539.5 1,535.9 1,967.9
T&L      
Revenue from External Customer [Line Items]      
Segment revenue 549.2 788.8 720.3
North America      
Revenue from External Customer [Line Items]      
Segment revenue 2,075.9 2,078.7 2,018.5
North America | AECO      
Revenue from External Customer [Line Items]      
Segment revenue 935.7 819.8 655.5
North America | Field Systems      
Revenue from External Customer [Line Items]      
Segment revenue 841.7 785.9 892.9
North America | T&L      
Revenue from External Customer [Line Items]      
Segment revenue 298.5 473.0 470.1
Europe      
Revenue from External Customer [Line Items]      
Segment revenue 1,021.6 1,050.3 1,076.2
Europe | AECO      
Revenue from External Customer [Line Items]      
Segment revenue 392.1 375.9 293.7
Europe | Field Systems      
Revenue from External Customer [Line Items]      
Segment revenue 396.9 416.0 581.2
Europe | T&L      
Revenue from External Customer [Line Items]      
Segment revenue 232.6 258.4 201.3
Asia Pacific      
Revenue from External Customer [Line Items]      
Segment revenue 349.7 365.2 428.9
Asia Pacific | AECO      
Revenue from External Customer [Line Items]      
Segment revenue 135.1 125.5 98.1
Asia Pacific | Field Systems      
Revenue from External Customer [Line Items]      
Segment revenue 202.9 224.8 320.6
Asia Pacific | T&L      
Revenue from External Customer [Line Items]      
Segment revenue 11.7 14.9 10.2
Rest of World      
Revenue from External Customer [Line Items]      
Segment revenue 140.1 189.1 275.1
Rest of World | AECO      
Revenue from External Customer [Line Items]      
Segment revenue 35.7 37.4 63.2
Rest of World | Field Systems      
Revenue from External Customer [Line Items]      
Segment revenue 98.0 109.2 173.2
Rest of World | T&L      
Revenue from External Customer [Line Items]      
Segment revenue 6.4 42.5 38.7
United States      
Revenue from External Customer [Line Items]      
Segment revenue $ 1,905.8 $ 1,911.2 $ 1,855.2
v3.25.4
Segment and Geographic Information - Schedule of Physical Long-Lived Assets by Geographic Area (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets $ 328.4 $ 311.9
United States    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets 178.9 178.0
Europe    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets 102.3 96.0
Asia Pacific and Rest of World    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets $ 47.2 $ 37.9
v3.25.4
Debt - Schedule Of Debt (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Debt Instrument [Line Items]    
Unamortized discount and issuance costs $ (7.8) $ (9.4)
Total debt $ 1,392.2 1,390.6
Senior Notes, 4.90%, due June 2028 | Senior Notes    
Debt Instrument [Line Items]    
Fixed rate 4.90%  
Effective interest rate 5.04%  
Debt, gross $ 600.0 600.0
Senior Notes, 6.10%, due March 2033 | Senior Notes    
Debt Instrument [Line Items]    
Fixed rate 6.10%  
Effective interest rate 6.13%  
Debt, gross $ 800.0 $ 800.0
v3.25.4
Debt - Narrative (Details)
€ in Millions
Dec. 04, 2025
USD ($)
Jan. 02, 2026
USD ($)
loan_facility
Jan. 02, 2026
EUR (€)
loan_facility
Jan. 03, 2025
USD ($)
Revolving Credit Facility | Line of Credit        
Debt Instrument [Line Items]        
Debt instrument, term (in years) 5 years      
Principal amount $ 1,250,000,000      
Additional capacity $ 500,000,000.0      
Amount outstanding   $ 0   $ 0
Revolving Credit Facility | Line of Credit | Minimum        
Debt Instrument [Line Items]        
Unused capacity, commitment fee percentage 0.075%      
Revolving Credit Facility | Line of Credit | Minimum | Alternate Base Rate        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 0.00%      
Revolving Credit Facility | Line of Credit | Minimum | Adjusted Term Secured Overnight Financing Rate (SOFR)        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 0.875%      
Revolving Credit Facility | Line of Credit | Minimum | Interest Benchmark For Relevant Currency        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 0.875%      
Revolving Credit Facility | Line of Credit | Maximum        
Debt Instrument [Line Items]        
Unused capacity, commitment fee percentage 0.275%      
Revolving Credit Facility | Line of Credit | Maximum | Alternate Base Rate        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 0.75%      
Revolving Credit Facility | Line of Credit | Maximum | Adjusted Term Secured Overnight Financing Rate (SOFR)        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 1.75%      
Revolving Credit Facility | Line of Credit | Maximum | Interest Benchmark For Relevant Currency        
Debt Instrument [Line Items]        
Debt instrument, basis spread on variable rate 1.75%      
Uncommitted Revolving Credit Facilities $75 million        
Debt Instrument [Line Items]        
Number of revolving loan facilities | loan_facility   1 1  
Current borrowing capacity   $ 75,000,000.0    
Uncommitted Revolving Credit Facilities 100 million euros        
Debt Instrument [Line Items]        
Number of revolving loan facilities | loan_facility   1 1  
Current borrowing capacity | €     € 100.0  
Uncommitted Revolving Credit Facilities        
Debt Instrument [Line Items]        
Short-term line of credit outstanding   $ 0   $ 0
v3.25.4
Leases - Narrative (Details)
Jan. 02, 2026
Minimum  
Lessee, Lease, Description [Line Items]  
Operating lease term (in years) 1 year
Maximum  
Lessee, Lease, Description [Line Items]  
Operating lease term (in years) 12 years
Operating lease, renewal term (in years) 10 years
v3.25.4
Leases - Operating Lease Expenses (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Leases [Abstract]      
Operating lease expense $ 30.3 $ 31.4 $ 33.5
Short-term lease expense and other 13.5 15.0 17.1
Total lease expense $ 43.8 $ 46.4 $ 50.6
v3.25.4
Leases - Supplement Cash Flow Information (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Leases [Abstract]      
Cash paid for operating leases $ 29.1 $ 30.3 $ 31.0
Right-of-use assets obtained in exchange for Operating lease liabilities: 39.2 44.1 $ 47.0
Operating lease right-of-use assets 145.6 123.5  
Current operating lease liabilities 27.8 21.2  
Non-current operating liabilities 141.1 123.4  
Total operating lease liabilities $ 168.9 $ 144.6  
Weighted-average discount rate 4.63% 4.58%  
Weighted-average remaining lease term 7 years 7 years  
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other non-current assets Other non-current assets  
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] Other current liabilities Other current liabilities  
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List Other non-current liabilities Other non-current liabilities  
v3.25.4
Leases - Lease Liabilities Maturity By Year (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Leases [Abstract]    
2026 $ 34.9  
2027 34.6  
2028 29.3  
2029 26.2  
2030 22.6  
Thereafter 49.3  
Total lease payments 196.9  
Less: imputed interest 28.0  
Total $ 168.9 $ 144.6
v3.25.4
Commitments and Contingencies (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Commitments and Contingencies Disclosure [Abstract]    
Non-cancellable purchase commitment $ 519.3 $ 470.7
v3.25.4
Fair Value Measurements (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Fair Value Disclosures [Abstract]    
Deferred compensation plan assets $ 30.8 $ 31.0
Deferred compensation plan liabilities 30.8 31.0
Fair value of debt $ 1,500.0 $ 1,400.0
v3.25.4
Deferred Revenue And Remaining Performance Obligations - Schedule of Deferred Revenue and Performance Obligations (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Contract With Customer, Asset And Liability [Roll Forward]    
Beginning balance of the period $ 896.0 $ 761.4
Revenue recognized from prior year-end (775.2) (652.3)
Billings net of revenue recognized from current year and other 877.9 786.9
Ending balance of the period $ 998.7 $ 896.0
v3.25.4
Deferred Revenue And Remaining Performance Obligations - Narrative (Details)
$ in Billions
Jan. 02, 2026
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligation $ 2.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-04  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligation $ 1.4
Remaining performance obligation, percentage 70.00%
Period of recognition 12 months
v3.25.4
Income Taxes - Schedule Of Provision (Benefit) For Taxes (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Income Tax Disclosure [Abstract]      
Income before taxes, united states $ 308.8 $ 216.4 $ 26.9
Income before taxes, foreign 200.6 1,789.5 330.1
Income before taxes 509.4 2,005.9 357.0
U.S. Federal:      
Current 2.9 94.1 57.1
Deferred 35.6 (71.2) (92.5)
US federal, income tax provision 38.5 22.9 (35.4)
U.S. State:      
Current 11.4 15.6 12.8
Deferred 3.9 2.1 (6.6)
US state, income tax provision 15.3 17.7 6.2
Foreign:      
Current 68.8 364.8 80.4
Deferred (37.2) 96.1 (5.5)
Foreign, income tax provision 31.6 460.9 74.9
Income tax provision $ 85.4 $ 501.5 $ 45.7
Effective tax rate 16.80% 25.00% 12.80%
v3.25.4
Income Taxes - Schedule Of Difference Between The Tax Provision At The Statutory Federal Income Tax Rate And The Tax Provision (Benefit) As A Percentage Of Income Before Taxes (Effective Tax Rate) (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Amount      
U.S. Federal statutory income tax rate $ 107.0    
Cross-border taxes      
Global intangible low-taxed income (12.4)    
Other (4.5)    
Tax credits (14.1)    
Nontaxable and nondeductible items, net      
Stock-based compensation 7.0    
Other 0.4    
Change in valuation allowances 0.5    
Subtotal domestic federal reconciling items (25.0)    
Domestic state and local income taxes, net of federal effect 12.7    
Foreign tax effects      
Subtotal foreign tax effects (4.1)    
Changes in unrecognized tax benefits (5.2)    
Income tax provision $ 85.4 $ 501.5 $ 45.7
Percent      
Statutory federal income tax rate 21.00% 21.00% 21.00%
Cross-border taxes      
Global intangible low-taxed income (2.40%)    
Other (0.90%)    
Tax credits (2.80%)    
Nontaxable and nondeductible items, net      
Stock-based compensation 1.40% 0.90% 4.80%
Other 0.10%    
Change in valuation allowance 0.10%    
Other   1.40% 1.40%
Subtotal domestic federal reconciling items (0.049)    
Domestic state and local income taxes, net of federal effect 2.50% 0.80% 1.00%
Foreign tax effects      
Other   1.40% 1.40%
Foreign income taxed at different rates   3.40% 0.80%
Subtotal foreign tax effects (0.008)    
Changes in unrecognized tax benefits (1.00%)    
Other U.S. taxes on foreign operations   (2.80%) (4.40%)
Foreign-derived intangible income   0.00% (3.90%)
U.S. Federal research and development credits   (0.80%) (5.40%)
Tax reserve releases   (1.00%) (2.50%)
Tax on Ag divestiture   2.10% 0.00%
Effective tax rate 16.80% 25.00% 12.80%
United States      
Nontaxable and nondeductible items, net      
Others $ (1.9)    
Foreign tax effects      
Other $ (1.9)    
Nontaxable and nondeductible items, net      
Other (0.40%)    
Foreign tax effects      
Other (0.40%)    
Netherlands      
Nontaxable and nondeductible items, net      
Others $ 1.9    
Foreign tax effects      
Nondeductible foreign exchange loss 6.1    
Other $ 1.9    
Nontaxable and nondeductible items, net      
Other 0.40%    
Foreign tax effects      
Nondeductible foreign exchange loss 0.012    
Other 0.40%    
Germany      
Nontaxable and nondeductible items, net      
Others $ (0.5)    
Foreign tax effects      
Other (0.5)    
Change in tax rate or law enacted in current period (11.0)    
Intercompany intellectual property transfer $ (6.7)    
Nontaxable and nondeductible items, net      
Other (0.10%)    
Foreign tax effects      
Other (0.10%)    
Change in tax rate or law enacted in current period (2.20%)    
Intercompany intellectual property transfer (0.013)    
Other foreign jurisdictions      
Foreign tax effects      
Other foreign jurisdictions $ 6.1    
Foreign tax effects      
Foreign income taxed at different rates 1.20%    
v3.25.4
Income Taxes - Narrative (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Dec. 30, 2022
Operating Loss Carryforwards [Line Items]        
Effective tax rate 16.80% 25.00% 12.80%  
Cash tax paid for the Ag divestiture $ 277.4 $ 122.0 $ 0.0  
Investment deferred tax assets 17.3      
Unrecognized tax benefits 79.7 78.2 $ 88.3 $ 76.5
Unrecognized tax benefits that would impact effective tax rate 40.0 45.8    
Payment of interest and penalties 9.3 $ 8.8    
Research Tax Credit Carryforward        
Operating Loss Carryforwards [Line Items]        
Tax credit carryforward 2.0      
Foreign Tax Jurisdiction        
Operating Loss Carryforwards [Line Items]        
NOL subject to expiration 12.3      
NOL not subject to expiration 86.5      
California Franchise Tax Board | Research Tax Credit Carryforward        
Operating Loss Carryforwards [Line Items]        
Tax credit carryforward $ 32.5      
v3.25.4
Income Taxes - Schedule of Income Tax Paid (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]      
US Federal $ 10.2    
Domestic state and local 10.4    
Subtotal domestic state and local 20.6    
Foreign      
Subtotal foreign 406.9    
Total cash paid during the period for income taxes 427.5 $ 228.1 $ 168.0
Netherlands      
Foreign      
Subtotal foreign 289.3    
Finland      
Foreign      
Subtotal foreign 35.9    
Germany      
Foreign      
Subtotal foreign 26.7    
Other      
Foreign      
Subtotal foreign $ 55.0    
v3.25.4
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details) - USD ($)
$ in Millions
Jan. 02, 2026
Jan. 03, 2025
Deferred tax liabilities:    
Purchased intangibles $ 288.9 $ 311.3
Global intangible low-taxed income 0.0 17.6
Operating lease right-of-use assets 35.0 29.7
Other 34.5 26.9
Total deferred tax liabilities 358.4 385.5
Deferred tax assets:    
Depreciation and amortization 195.2 217.6
Capitalized research and development 68.7 118.2
Operating lease liabilities 39.6 34.7
U.S. tax credit carryforwards 20.7 23.1
Expenses not currently deductible 48.6 26.3
Net operating loss carryforwards 17.3 24.3
Stock-based compensation 16.3 17.2
Global intangible low-taxed income 3.1 0.0
Other 68.7 74.6
Total deferred tax assets 478.2 536.0
Valuation allowance (50.3) (56.0)
Total deferred tax assets 427.9 480.0
Total net deferred tax assets 69.5 94.5
Non-current deferred income tax assets 260.0 294.4
Non-current deferred income tax liabilities $ (190.5) $ (199.9)
v3.25.4
Income Taxes - Schedule Of Reconciliation Of Unrecognized Tax Benefit (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Unrecognized Tax Benefits [Roll Forward]      
Beginning balance $ 78.2 $ 88.3 $ 76.5
Increase related to current year tax positions 12.4 11.3 12.4
Increase related to prior years' tax positions 0.9   7.6
Decrease related to prior years' tax positions   (1.5)  
Lapse of statute of limitations (11.8) (19.9) (8.2)
Ending balance $ 79.7 $ 78.2 $ 88.3
v3.25.4
Employee Stock Benefit Plans - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Sep. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Unamortized stock-based compensation expense $ 182.9      
Unamortized compensation expense weighted-average recognition period (in years) 1 year 9 months 18 days      
Common stock, shares authorized (in shares) 360,000,000.0 360,000,000.0    
Certain Performance-Based Restricted Stock Units, Based On Either Market Conditions Or Performance Conditions        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Percentage of the target grant amount received at vesting (in percent) 300.00%      
Restricted stock units        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Weighted average grant-date fair value, granted (in usd per share) $ 70.39 $ 65.12 $ 49.93  
Share-based compensation, equity instruments other than options, vested in period, fair value $ 140.4 $ 126.5 $ 110.1  
ESPP        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Share-based compensation, number of shares available (in shares) 3,200,000      
Common stock, shares authorized (in shares) 39,000,000.0      
Percentage of lower fair market value to be purchased of common stock through payroll deductions (in percent) 85.00%      
Employee stock options granted term (in months) 6 months      
Stock issued during period, shares, employee stock purchase plans (in shares) 700,000 700,000 800,000  
Stock issued during period, value, employee stock purchase plan $ 34.7 $ 34.5 $ 35.7  
Minimum | Performance-Based Restricted Stock Units        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Percentage of the target grant amount received at vesting (in percent) 0.00%      
Maximum | Performance-Based Restricted Stock Units        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Percentage of the target grant amount received at vesting (in percent) 220.00%      
Two Thousand Two Stock Plan        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Maximum number of shares authorized for grant (in shares) 102,600,000     10,000,000.0
Share-based compensation, number of shares available (in shares) 15,100,000      
Two Thousand Two Stock Plan | Time Based Restricted Stock Units        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Share units granted vesting period (in years) 3 years      
Two Thousand Two Stock Plan | Performance-Based Restricted Stock Units        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Share units granted vesting period (in years) 3 years      
v3.25.4
Employee Stock Benefit Plans - Components of Stock-based Compensation Expense (Details) - USD ($)
$ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Total stock-based compensation expense $ 146.5 $ 158.6 $ 145.4
Cost of sales      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Total stock-based compensation expense 15.4 17.0 14.6
Research and development      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Total stock-based compensation expense 41.1 45.0 40.7
Sales and marketing      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Total stock-based compensation expense 27.6 29.3 27.1
General and administrative      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Total stock-based compensation expense 62.4 67.3 63.0
Restricted stock units      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Total stock-based compensation expense 131.6 145.2 132.8
Stock options      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Total stock-based compensation expense 4.9 3.4 1.8
ESPP      
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Total stock-based compensation expense $ 10.0 $ 10.0 $ 10.8
v3.25.4
Employee Stock Benefit Plans - Schedule Of Restricted Stock Units Activity (Details) - $ / shares
shares in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Restricted stock units      
Number of Units      
Number of units, outstanding at the beginning of year (in shares) 5.4    
Number of units, granted (in shares) 2.2    
Number of units, shares vested, net (in shares) (2.4)    
Number of units, cancelled and forfeited (in shares) (0.5)    
Number of units, outstanding at the end of year (in shares) 4.7 5.4  
Weighted Average Grant-Date Fair Value per Share      
Weighted average grant-date fair value, outstanding at the beginning of year (in usd per share) $ 60.37    
Weighted average grant-date fair value, granted (in usd per share) 70.39 $ 65.12 $ 49.93
Weighted average grant-date fair value, shares vested, net (in usd per share) 61.84    
Weighted average grant-date fair value, canceled and forfeited (in usd per share) 59.24    
Weighted average grant-date fair value, outstanding at the end of year (in usd per share) $ 64.43 $ 60.37  
Performance-Based Restricted Stock Units      
Number of Units      
Number of units, granted (in shares) 0.3    
Number of units, shares vested, net (in shares) (0.3)    
Number of units, cancelled and forfeited (in shares) (0.1)    
Number of units, outstanding at the end of year (in shares) 1.0    
Performance-Based Stock Units, Achievement Of Company Performance Metrics      
Number of Units      
Number of units, cancelled and forfeited (in shares) (0.1)    
Weighted Average Grant-Date Fair Value per Share      
Performance adjustments above target levels at vesting date (in shares) 0.1    
v3.25.4
Common Stock Repurchase (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Jan. 02, 2026
Jan. 03, 2025
Dec. 29, 2023
Dec. 03, 2025
Apr. 04, 2025
Equity, Class of Stock [Line Items]          
Stock repurchased (in shares) 12.2 2.9 2.4    
Shares repurchased (in usd per share) $ 71.86 $ 60.97 $ 42.50    
Stock repurchases $ 875.4 $ 175.0 $ 100.0    
Retained Earnings          
Equity, Class of Stock [Line Items]          
Stock repurchases 755.1 $ 149.1 $ 79.0    
February 2025 Program          
Equity, Class of Stock [Line Items]          
Stock repurchase program approved amount         $ 1,000.0
Remaining amount authorized       $ 199.0  
December 2025 Program          
Equity, Class of Stock [Line Items]          
Stock repurchase program approved amount       $ 1,000.0  
Remaining amount authorized $ 925.1