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Reporting Segment And Geographic Information | 12 Months Ended
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Dec. 29, 2017
Segment Reporting, Measurement Disclosures [Abstract] |
Reporting Segment And Geographic Information | REPORTING SEGMENT AND GEOGRAPHIC INFORMATION Operating segments are defined as components of an enterprise that engage in business activities for which separate financial information is available and evaluated by the Company's Chief Executive Officer (our chief operating decision maker or "CODM") in deciding how to allocate resources and assess performance. The CODM evaluates each segment’s performance and allocates resources based on segment operating income before income taxes and corporate allocations. The Company and each of its segments employ consistent accounting policies. In each of its segments, the Company sells many individual products. For this reason it is impracticable to segregate and identify revenue for each of the individual products or group of products. Stock-based compensation is shown in the aggregate within unallocated corporate expense and is not reflected in the segment results, which is consistent with the way the CODM evaluates each segment's performance and allocates resources. Prior to fiscal 2017, the Company operated its business in four reportable segments - Engineering and Construction, Field Solutions, Mobile Solutions, and Advanced Devices. In March 2017, the Company effected a change in the reporting of its segment financial results to better reflect the Company’s customer base and end markets. As a result of the Company’s evolution, the CODM changed the information he regularly reviews to allocate resources and assess performance. Beginning with the first fiscal quarter of 2017, the Company reports its financial performance based on four new reportable segments - Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Company’s reportable segments are described below:
• | Buildings and Infrastructure: This segment primarily serves customers working in architecture, engineering, construction, geospatial and government.
• | Geospatial: This segment primarily serves customers working in surveying, engineering, government, and land management.
• | Resources and Utilities: This segment primarily serves customers working in agriculture, forestry, and utilities.
• | Transportation: This segment primarily serves customers working in transportation, including transportation and logistics, automotive, rail, and military aviation.
The following tables present revenue, operating income, depreciation expense and identifiable assets for the four segments. Operating income is revenue less cost of sales and operating expenses, excluding unallocated corporate expenses, restructuring charges, amortization of purchased intangible assets, stock-based compensation, amortization of acquisition-related inventory step-up, acquisition and divestiture items, and executive transition costs. The identifiable assets that the CODM views by segment are accounts receivable, inventories and goodwill.
Fiscal Years | 2017 |  | 2016 |  | 2015
(In millions) |  |  |  |  |
Buildings and Infrastructure |  |  |  |  |
Revenue | $ | 834.9 |  |  | $ | 743.5 |  |  | $ | 688.6 |
Operating income | 179.9 |  |  | 133.9 |  |  | 108.2 |
Depreciation expense | 6.2 |  |  | 7.0 |  |  | 7.8 |
Geospatial |  |  |  |  |
Revenue | $ | 661.2 |  |  | $ | 634.7 |  |  | $ | 672.8 |
Operating income | 130.9 |  |  | 120.8 |  |  | 135.3 |
Depreciation expense | 5.4 |  |  | 6.5 |  |  | 6.4 |
Resources and Utilities |  |  |  |  |
Revenue | $ | 476.9 |  |  | $ | 395.7 |  |  | $ | 381.8 |
Operating income | 136.3 |  |  | 118.4 |  |  | 109.9 |
Depreciation expense | 3.2 |  |  | 2.0 |  |  | 1.9 |
Transportation |  |  |  |  |
Revenue | $ | 681.2 |  |  | $ | 588.3 |  |  | $ | 547.2 |
Operating income | 120.6 |  |  | 102.9 |  |  | 106.5 |
Depreciation expense | 5.2 |  |  | 5.5 |  |  | 5.2 |
Total |  |  |  |  |
Revenue | $ | 2,654.2 |  |  | $ | 2,362.2 |  |  | $ | 2,290.4 |
Operating income | 567.7 |  |  | 476.0 |  |  | 459.9 |
Depreciation expense | 20.0 |  |  | 21.0 |  |  | 21.3 |
At the End of Fiscal Year | 2017 |  | 2016 |
(In millions) |  |  |  |
Buildings and Infrastructure |  |  |  |
Accounts receivable | $ | 118.5 |  |  | $ | 104.7 |  |
Inventories | 62.1 |  |  | 51.3 |  |
Goodwill | 706.8 |  |  | 663.7 |  |
Geospatial |  |  |  |
Accounts receivable | $ | 117.7 |  |  | $ | 108.3 |  |
Inventories | 110.7 |  |  | 100.4 |  |
Goodwill | 415.3 |  |  | 405.1 |  |
Resources and Utilities |  |  |  |
Accounts receivable | $ | 76.9 |  |  | $ | 65.5 |  |
Inventories | 45.3 |  |  | 31.0 |  |
Goodwill | 314.5 |  |  | 217.7 |  |
Transportation |  |  |  |
Accounts receivable | $ | 101.7 |  |  | $ | 76.3 |  |
Inventories | 53.7 |  |  | 36.1 |  |
Goodwill | 850.5 |  |  | 791.1 |  |
Total |  |  |  |
Accounts receivable | $ | 414.8 |  |  | $ | 354.8 |  |
Inventories | 271.8 |  |  | 218.8 |  |
Goodwill | 2,287.1 |  |  | 2,077.6 |  |
A reconciliation of the Company’s consolidated segment operating income to consolidated income before income taxes is as follows:
Fiscal Years | 2017 |  | 2016 |  | 2015
(In millions) |  |  |  |  |
Consolidated segment operating income | $ | 567.7 |  |  | $ | 476.0 |  |  | $ | 459.9 |
Unallocated corporate expense (1) | (87.4 | ) |  | (70.5 | ) |  | (70.0 | )
Restructuring charges (2) | (10.5 | ) |  | (13.3 | ) |  | (12.8 | )
Stock-based compensation | (64.8 | ) |  | (52.6 | ) |  | (50.1 | )
Amortization of purchased intangible assets | (148.8 | ) |  | (150.8 | ) |  | (162.4 | )
Amortization of acquisition-related inventory step-up | (2.8 | ) |  | — |  |  | — |
Acquisition and divestiture items | (7.4 | ) |  | (6.8 | ) |  | (9.9 | )
Executive transition costs | — |  |  | (1.0 | ) |  | — |
Litigation costs | — |  |  | — |  |  | (0.3 | )
Consolidated operating income | 246.0 |  |  | 181.0 |  |  | 154.4 |
Non-operating income (expense), net | 13.1 |  |  | (4.3 | ) |  | (2.6 | )
Consolidated income before taxes | $ | 259.1 |  |  | $ | 176.7 |  |  | $ | 151.8 |
(1) Unallocated corporate expense includes general corporate expense. (2) Restructuring charges primarily consist of severance and benefits, resulting from employee headcount reductions in connection with the Company's restructuring programs related to decisions to streamline processes and reduce the cost structure. As of the end of fiscal 2017, the Company's restructuring liability was $1.4 million, which is expected to be settled in fiscal 2018. Restructuring liabilities are reported within Other current liabilities on the Consolidated Balance Sheets. The geographic distribution of Trimble’s revenue and long-lived assets is summarized in the tables below. Other non-US geographies include Canada, and countries in South and Central America, the Middle East, and Africa. Revenue is defined as revenue from external customers.
Fiscal Years | 2017 |  | 2016 |  | 2015
(In millions) |  |  |  |  |
Revenue (1): |  |  |  |  |
United States | $ | 1,285.7 |  |  | $ | 1,156.0 |  |  | $ | 1,142.1 |
Europe | 677.1 |  |  | 574.9 |  |  | 557.2 |
Asia Pacific | 378.3 |  |  | 352.6 |  |  | 321.1 |
Other non-US countries | 313.1 |  |  | 278.7 |  |  | 270.0 |
Total consolidated revenue | $ | 2,654.2 |  |  | $ | 2,362.2 |  |  | $ | 2,290.4 |
(1) | Revenue is attributed to countries based on the location of the customer.
No single customer or country other than the United States accounted for 10% or more of Trimble’s total revenue in fiscal years 2017, 2016 and 2015. No single customer accounted for 10% or more of Trimble's accounts receivable as of fiscal years ended 2017 and 2016. Property and equipment, net by geographic area was as follows:
At the End of Fiscal Year | 2017 |  | 2016
(In millions) |  |  |
Property and equipment, net: |  |  |
United States | $ | 131.7 |  |  | $ | 120.4 |
Europe | 33.1 |  |  | 15.3 |
Asia Pacific and other non-US countries | 9.2 |  |  | 8.5 |
Total property and equipment, net | $ | 174.0 |  |  | $ | 144.2 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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