CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

First Quarter of

Fiscal Year End

2015

2014

Assets

Current assets:

   Cash and cash equivalents

$            145.7

$            148.0

   Accounts receivable, net

383.0

362.0

   Other receivables

20.4

29.5

   Inventories, net

276.0

278.1

   Deferred income taxes

47.1

45.6

   Other current assets

44.8

39.4

      Total current assets

917.0

902.6

Property and equipment, net

155.2

157.4

Goodwill

2,059.4

2,101.2

Other purchased intangible assets, net

546.2

594.5

Other non-current assets

119.9

118.6

      Total assets

$         3,797.7

$         3,874.3

Liabilities 

Current liabilities:

   Current portion of long-term debt

$            133.1

$              64.4

   Accounts payable

114.0

103.8

   Accrued compensation and benefits

81.1

98.9

   Deferred revenue

255.4

211.6

   Accrued warranty expense

19.0

20.6

   Other accrued liabilities

95.7

89.0

      Total current liabilities

698.3

588.3

Non-current portion of long-term debt

530.3

674.0

Non-current deferred revenue

27.0

26.3

Deferred income taxes

110.8

121.1

Other non-current liabilities

90.7

95.8

      Total liabilities

1,457.1

1,505.5

Commitments and contingencies

Equity

Shareholders' equity:

   Common stock

1,233.3

1,207.3

   Retained earnings

1,234.5

1,211.0

   Accumulated other comprehensive loss

(128.4)

(61.3)

Total Trimble Navigation Ltd. shareholders' equity

2,339.4

2,357.0

Noncontrolling interests 

1.2

11.8

      Total equity

2,340.6

2,368.8

      Total liabilities and equity

$         3,797.7

$         3,874.3