CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

At the End of Year

2021

2020

Assets

Current assets:

Cash and cash equivalents

$                    325.7

$                    237.7

Accounts receivable, net

624.8

620.5

Inventories

363.3

301.7

Other current assets

121.5

Total current assets

1,450.6

1,281.4

Property and equipment, net

233.2

251.8

Operating lease right-of-use assets

141.0

128.9

Goodwill

3,981.5

3,876.5

Other purchased intangible assets, net

506.6

580.1

Deferred income tax assets

502.0

510.2

Other non-current assets

284.7

248.0

Total assets

$                 7,099.6

$                 6,876.9

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$                          —

$                    255.8

Accounts payable

207.3

143.2

Accrued compensation and benefits

231.0

166.8

Deferred revenue

548.8

560.5

Other current liabilities

201.5

185.0

Total current liabilities

1,188.6

1,311.3

Long-term debt

1,293.2

1,291.4

Deferred revenue, non-current

83.0

53.3

Deferred income tax liabilities

263.1

300.3

Income taxes payable

54.5

62.2

Operating lease liabilities

121.4

109.2

Other non-current liabilities

151.1

150.6

Total liabilities

3,154.9

3,278.3

Stockholders' equity:

Common stock

0.3

0.3

Additional paid-in-capital

1,935.6

1,801.7

Retained earnings

2,170.5

1,893.4

Accumulated other comprehensive loss

(98.5)

Total Trimble Inc. stockholders' equity

3,944.7

3,596.9

Noncontrolling interests

—

1.7

Total stockholders' equity

3,944.7

3,598.6

Total liabilities and stockholders' equity

$                 7,099.6

$                 6,876.9