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Segment Information | 3 Months Ended
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Apr. 02, 2021
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Our operating segments are determined based on how our chief operating decision maker (“CODM”) views and evaluates operations. Our reportable segments are described below: •Buildings and Infrastructure: This segment primarily serves customers working in architecture, engineering, construction, and operations and maintenance. •Geospatial: This segment primarily serves customers working in surveying, engineering, and government. •Resources and Utilities: This segment primarily serves customers working in agriculture, forestry, and utilities. •Transportation: This segment primarily serves customers working in long haul trucking and freight shipper markets. The following Reporting Segment tables reflect the results of our reportable operating segments under our management reporting system. These results are not necessarily in conformity with U.S. GAAP. This is consistent with the way the CODM evaluates each of the segment's performance and allocates resources.
| Reporting Segments
| Buildings and Infrastructure |  | Geospatial |  | Resources and Utilities |  | Transportation |  | Total
(In millions) |  |  |  |  |  |  |  |  |
First Quarter of Fiscal 2021 |  |  |  |  |  |  |  |  |
Revenue | $ | 343.0 |  |  | $ | 181.7 |  |  | $ | 205.2 |  |  | $ | 156.6 |  |  | $ | 886.5 |
Acquired deferred revenue adjustment | 0.1 |  |  | — |  |  | — |  |  | 0.1 |  |  | 0.2 |
Segment revenue | $ | 343.1 |  |  | $ | 181.7 |  |  | $ | 205.2 |  |  | $ | 156.7 |  |  | $ | 886.7 |
Operating income | $ | 97.4 |  |  | $ | 48.7 |  |  | $ | 80.1 |  |  | $ | 8.4 |  |  | $ | 234.6 |
Acquired deferred revenue adjustment | 0.1 |  |  | — |  |  | — |  |  | 0.1 |  |  | 0.2 |
Amortization of acquired capitalized commissions | (1.1) |  |  | — |  |  | — |  |  | (0.1) |  |  | (1.2) |
Segment operating income | $ | 96.4 |  |  | $ | 48.7 |  |  | $ | 80.1 |  |  | $ | 8.4 |  |  | $ | 233.6 |
Depreciation expense | $ | 1.8 |  |  | $ | 1.7 |  |  | $ | 1.5 |  |  | $ | 0.9 |  |  | $ | 5.9 |
First Quarter of Fiscal 2020 |  |  |  |  |  |  |  |  |
Revenue | $ | 296.8 |  |  | $ | 146.2 |  |  | $ | 179.0 |  |  | $ | 170.3 |  |  | $ | 792.3 |
Acquired deferred revenue adjustment | 0.1 |  |  | — |  |  | 1.3 |  |  | 0.3 |  |  | 1.7 |
Segment revenue | $ | 296.9 |  |  | $ | 146.2 |  |  | $ | 180.3 |  |  | $ | 170.6 |  |  | $ | 794.0 |
Operating income | $ | 62.1 |  |  | $ | 30.5 |  |  | $ | 65.6 |  |  | $ | 16.7 |  |  | $ | 174.9 |
Acquired deferred revenue adjustment | 0.1 |  |  | — |  |  | 1.3 |  |  | 0.3 |  |  | 1.7 |
Amortization of acquired capitalized commissions | (1.4) |  |  | — |  |  | — |  |  | (0.1) |  |  | (1.5) |
Segment operating income | $ | 60.8 |  |  | $ | 30.5 |  |  | $ | 66.9 |  |  | $ | 16.9 |  |  | $ | 175.1 |
Depreciation expense | $ | 2.1 |  |  | $ | 1.4 |  |  | $ | 1.3 |  |  | $ | 1.1 |  |  | $ | 5.9 |
| Reporting Segments
| Buildings and Infrastructure |  | Geospatial |  | Resources and Utilities |  | Transportation |  | Total
(In millions) |  |  |  |  |  |  |  |  |
As of the end of the First Quarter of Fiscal 2021 |  |  |  |  |  |  |  |  |
Accounts receivable, net | $ | 202.4 |  |  | $ | 110.2 |  |  | $ | 120.5 |  |  | $ | 143.5 |  |  | $ | 576.6 |
Inventories | 57.1 |  |  | 127.1 |  |  | 51.7 |  |  | 62.8 |  |  | 298.7 |
Goodwill | 1,992.4 |  |  | 408.8 |  |  | 449.2 |  |  | 997.6 |  |  | 3,848.0 |
As of Fiscal Year End 2020 |  |  |  |  |  |  |  |  |
Accounts receivable, net | $ | 260.1 |  |  | $ | 117.5 |  |  | $ | 91.2 |  |  | $ | 151.7 |  |  | $ | 620.5 |
Inventories | 59.1 |  |  | 120.1 |  |  | 49.0 |  |  | 73.5 |  |  | 301.7 |
Goodwill | 1,997.4 |  |  | 415.7 |  |  | 453.8 |  |  | 1,009.6 |  |  | 3,876.5 |
A reconciliation of our condensed consolidated segment operating income to condensed consolidated income before income taxes was as follows:
| First Quarter of |  |
| 2021 |  | 2020 |  |  |  |
(In millions) |  |  |  |  |  |  |
Consolidated segment operating income | $ | 233.6 |  |  | $ | 175.1 |  |  |  |  |
Unallocated general corporate expenses | (24.4) |  |  | (13.9) |  |  |  |  |
Acquired deferred revenue adjustment | (0.2) |  |  | (1.7) |  |  |  |  |
Amortization of acquired capitalized commissions | 1.2 |  |  | 1.5 |  |  |  |  |
Amortization of purchased intangible assets | (35.8) |  |  | (40.4) |  |  |  |  |
Acquisition / divestiture items | (3.5) |  |  | (10.8) |  |  |  |  |
Stock-based compensation / deferred compensation | (28.7) |  |  | (4.5) |  |  |  |  |
Restructuring and other exit costs | (1.5) |  |  | (3.2) |  |  |  |  |
COVID-19 expenses | 0.2 |  |  | (3.8) |  |  |  |  |
Consolidated operating income | 140.9 |  |  | 98.3 |  |  |  |  |
Total non-operating expense, net | (3.5) |  |  | (18.9) |  |  |  |  |
Consolidated income before taxes | $ | 137.4 |  |  | $ | 79.4 |  |  |  |  |
On a total Company basis, the disaggregation of revenue by geography is summarized in the tables below. Revenue is defined as revenue from external customers attributed to countries based on the location of the customer and excludes the effects of certain acquired deferred revenue that was written down to fair value in purchase accounting, consistent with the Reporting Segment tables above.
| Reporting Segments
| Buildings and Infrastructure |  | Geospatial |  | Resources and Utilities |  | Transportation |  | Total
(In millions) |  |  |  |  |  |  |  |  |
First Quarter of Fiscal 2021 |  |  |  |  |  |  |  |  |
North America | $ | 199.8 |  |  | $ | 72.5 |  |  | $ | 53.6 |  |  | $ | 124.5 |  |  | $ | 450.4 |
Europe | 94.3 |  |  | 60.4 |  |  | 105.8 |  |  | 19.7 |  |  | 280.2 |
Asia Pacific | 43.6 |  |  | 37.5 |  |  | 21.0 |  |  | 7.7 |  |  | 109.8 |
Rest of World | 5.4 |  |  | 11.3 |  |  | 24.8 |  |  | 4.8 |  |  | 46.3 |
Total segment revenue | $ | 343.1 |  |  | $ | 181.7 |  |  | $ | 205.2 |  |  | $ | 156.7 |  |  | $ | 886.7 |
First Quarter of Fiscal 2020 |  |  |  |  |  |  |  |  |
North America | $ | 172.1 |  |  | $ | 56.8 |  |  | $ | 53.7 |  |  | $ | 131.8 |  |  | $ | 414.4 |
Europe | 81.6 |  |  | 50.7 |  |  | 90.4 |  |  | 19.1 |  |  | 241.8 |
Asia Pacific | 37.1 |  |  | 28.7 |  |  | 17.5 |  |  | 10.5 |  |  | 93.8 |
Rest of World | 6.1 |  |  | 10.0 |  |  | 18.7 |  |  | 9.2 |  |  | 44.0 |
Total segment revenue | $ | 296.9 |  |  | $ | 146.2 |  |  | $ | 180.3 |  |  | $ | 170.6 |  |  | $ | 794.0 |
Total revenue in the United States as included in the Condensed Consolidated Statements of Income was $406.8 million and $378.8 million for the first quarter of fiscal 2021 and 2020, respectively. No single customer or country other than the United States accounted for 10% or more of Trimble’s total revenue.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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