CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

First Quarter of

Fiscal Year End

2016

2015

Assets

Current assets:

   Cash and cash equivalents

$           174.7

$             116.0

   Accounts receivable, net

377.8

361.9

   Other receivables

15.3

14.9

   Inventories, net

255.5

261.1

   Other current assets

49.3

44.5

      Total current assets

872.6

798.4

Property and equipment, net

155.4

159.2

Goodwill

2,128.4

2,106.4

Other purchased intangible assets, net

452.5

487.1

Other non-current assets

141.0

129.6

      Total assets

$        3,749.9

$          3,680.7

Liabilities and Shareholders' Equity

Current liabilities:

   Short-term debt

$           135.3

$             118.3

   Accounts payable

112.6

99.8

   Accrued compensation and benefits

86.6

98.9

   Deferred revenue

287.2

234.6

   Accrued warranty expense

17.9

18.5

   Other current liabilities

87.2

90.8

      Total current liabilities

726.8

660.9

Long-term debt

539.6

611.4

Non-current deferred revenue

32.3

29.6

Deferred income tax liabilities

53.5

51.7

Other non-current liabilities

111.0

106.5

      Total liabilities

1,463.2

1,460.1

Shareholders' equity:

   Common stock

1,267.3

1,238.3

   Retained earnings

1,157.3

1,148.2

   Accumulated other comprehensive loss

(138.7)

(166.8)

Total Trimble Navigation Limited shareholders' equity

2,285.9

2,219.7

Noncontrolling interests 

0.8

0.9

      Total shareholders' equity

2,286.7

2,220.6

      Total liabilities and shareholders' equity

$        3,749.9

$          3,680.7