CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)

Second Quarter of

Year End

As of

2022

2021

Assets

Current assets:

Cash and cash equivalents

$                               350.1

$                               325.7

Accounts receivable, net

589.3

624.8

Inventories

371.7

363.3

Other current assets

163.9

136.8

Total current assets

1,475.0

1,450.6

Property and equipment, net

228.5

233.2

Operating lease right-of-use assets

133.2

141.0

Goodwill

3,886.0

3,981.5

Other purchased intangible assets, net

432.9

506.6

Deferred income tax assets

464.0

502.0

Other non-current assets

299.9

284.7

Total assets

$                            6,919.5

$                            7,099.6

Liabilities and Stockholders' Equity

Current liabilities:

Short-term debt

$                               300.0

$                                     —

Accounts payable

191.7

207.3

Accrued compensation and benefits

168.4

231.0

Deferred revenue

599.2

548.8

Other current liabilities

190.2

201.5

Total current liabilities

1,449.5

1,188.6

Long-term debt

994.1

1,293.2

Deferred revenue, non-current

86.0

83.0

Deferred income tax liabilities

198.4

263.1

Income taxes payable

40.9

54.5

Operating lease liabilities

114.4

121.4

Other non-current liabilities

141.7

151.1

Total liabilities

3,025.0

3,154.9

Stockholders' equity:

Common stock

0.2

0.3

Additional paid-in-capital

1,987.7

1,935.6

Retained earnings

2,145.7

2,170.5

Accumulated other comprehensive loss

(239.1)

(161.7)

Total Trimble Inc. stockholders' equity

3,894.5

3,944.7

Noncontrolling interests

—

—

Total stockholders' equity

3,894.5

3,944.7

Total liabilities and stockholders' equity

$                            6,919.5

$                            7,099.6