CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

Third Quarter of

Fiscal Year End

As of

2020

2019

Assets

Current assets:

Cash and cash equivalents

$

184.0

$

189.2

Accounts receivable, net

488.9

608.2

Inventories

318.5

312.1

Other current assets

109.2

102.3

Total current assets

1,100.6

1,211.8

Property and equipment, net

251.6

241.4

Operating lease right-of-use assets

131.2

140.3

Goodwill

3,837.4

3,680.6

Other purchased intangible assets, net

610.1

678.7

Deferred income tax assets

456.5

475.5

Other non-current assets

236.9

212.4

Total assets

$

6,624.3

$

6,640.7

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$

279.6

$

219.0

Accounts payable

131.4

159.3

Accrued compensation and benefits

152.7

123.5

Deferred revenue

445.2

490.4

Other current liabilities

182.6

198.1

Total current liabilities

1,191.5

1,190.3

Long-term debt

1,390.6

1,624.2

Deferred revenue, non-current

56.4

51.5

Deferred income tax liabilities

309.4

318.2

Income taxes payable

61.8

69.1

Operating lease liabilities

111.5

114.1

Other non-current liabilities

151.8

152.9

Total liabilities

3,273.0

3,520.3

Stockholders' equity:

Common stock

0.3

0.2

Additional paid-in-capital

1,778.7

1,692.8

Retained earnings

1,732.0

1,602.8

Accumulated other comprehensive loss

(161.0)

(176.8)

Total Trimble Inc. stockholders' equity

3,350.0

3,119.0

Noncontrolling interests

1.3

1.4

Total stockholders' equity

3,351.3

3,120.4

Total liabilities and stockholders' equity

$

6,624.3

$

6,640.7