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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 28, 2018
Fair Value Disclosures [Abstract] |
Assets And Liabilities Measured At Fair Value On A Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are categorized in the tables below based upon the lowest level of significant input to the valuations.
| Fair Values as of the end of the Third Quarter of Fiscal 2018 |  | Fair Values as of Fiscal Year End 2017
(In millions) | Level I |  | Level II |  | Level III |  | Total |  | Level I |  | Level II |  | Level III |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities (1) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 9.6 |  |  | $ | — |  |  | $ | 9.6 |
Corporate debt securities (1) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 96.0 |  |  | — |  |  | 96.0 |
Commercial paper (1) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 100.1 |  |  | — |  |  | 100.1 |
Total available-for-sale securities | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 205.7 |  |  | — |  |  | 205.7 |
Deferred compensation plan assets (2) | 32.8 |  |  | — |  |  | — |  |  | 32.8 |  |  | 27.1 |  |  | — |  |  | — |  |  | 27.1 |
Derivative assets (3) | — |  |  | 0.1 |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.5 |  |  | — |  |  | 0.5 |
Total assets measured at fair value | $ | 32.8 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 32.9 |  |  | $ | 27.1 |  |  | $ | 206.2 |  |  | $ | — |  |  | $ | 233.3 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation plan liabilities (2) | $ | 32.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 32.8 |  |  | $ | 27.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 27.1 |
Derivative liabilities (3) | — |  |  | 0.5 |  |  | — |  |  | 0.5 |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Contingent consideration liabilities (4) | — |  |  | — |  |  | 4.8 |  |  | 4.8 |  |  | — |  |  | — |  |  | 14.2 |  |  | 14.2 |
Total liabilities measured at fair value | $ | 32.8 |  |  | $ | 0.5 |  |  | $ | 4.8 |  |  | $ | 38.1 |  |  | $ | 27.1 |  |  | $ | 0.1 |  |  | $ | 14.2 |  |  | $ | 41.4 |
(1) | The Company’s available-for sale securities are valued using readily available pricing sources for comparable instruments, or model-driven valuations using significant inputs derived from or corroborated by observable market data, including yield curves and credit ratings.
(2) | The Company maintains a self-directed, non-qualified deferred compensation plan for certain executives and other highly compensated employees. The plan assets and liabilities are invested in actively traded mutual funds and individual stocks valued using observable quoted prices in active markets. Deferred compensation plan assets and liabilities are included in Other non-current assets and Other non-current liabilities, respectively, on the Company's Condensed Consolidated Balance Sheets.
(3) | Derivative assets and liabilities primarily represent forward currency exchange contracts. The Company typically enters into these contracts to minimize the short-term impact of foreign currency exchange rates on certain trade and inter-company receivables and payables. Derivative assets and liabilities are included in Other current assets and Other current liabilities on the Company's Condensed Consolidated Balance Sheets.
(4) | Contingent consideration liabilities represent arrangements to pay the former owners of certain companies that Trimble acquired. The undiscounted maximum payment under the arrangements is $52.6 million at the end of the third quarter of fiscal 2018. The fair values are estimated using scenario-based methods or option pricing methods based upon estimated future revenues, gross margins or other milestones. Contingent consideration liabilities are included in Other current liabilities and Other non-current liabilities on the Company's Condensed Consolidated Balance Sheets.
Additional Fair Value Information Relating To The Company's Financial Instruments Outstanding | The following table provides additional fair value information relating to the Company’s outstanding financial instruments:
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
As of | Third Quarter of Fiscal 2018 |  | Fiscal Year End 2017
(In millions) |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |
2023 Senior Notes | $ | 300.0 |  |  | $ | 299.6 |  |  | $ | — |  |  | $ | — |
2024 Senior Notes | 400.0 |  |  | 404.4 |  |  | 400.0 |  |  | 430.4 |
2028 Senior Notes | 600.0 |  |  | 605.0 |  |  | — |  |  | — |
2014 Credit Facility, retired | — |  |  | — |  |  | 389.0 |  |  | 389.0 |
2018 Term Loan | 500.0 |  |  | 500.0 |  |  | — |  |  | — |
Uncommitted facilities | 225.8 |  |  | 225.8 |  |  | 128.0 |  |  | 128.0 |
Promissory notes and other debt | 1.1 |  |  | 1.1 |  |  | 1.2 |  |  | 1.2 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109250915&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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