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Equity Investments | 3 Months Ended
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Apr. 04, 2025
Equity Method Investments and Joint Ventures [Abstract] |
Equity Investments | NOTE 4. EQUITY INVESTMENTS The following table presents our equity investments in non-marketable securities:
| As of
| First Quarter of |  | Year End
| 2025 |  | 2024
(In millions) |  |  |
Equity method investments | $ | 336.6 |  |  | $ | 334.6 |
Other investments | 282.5 |  |  | 26.4 |
Total equity investments | $ | 619.1 |  |  | $ | 361.0 |
Equity Method Investments Equity method investments primarily represent joint operating ventures in privately-held companies with ownership rights varying from 15% to 50%. The Company applies the equity method of accounting for these investments by recording our proportionate share of net earnings or losses of investees in non-operating income (expense), net and by monitoring these investments for any impairments. The total carrying amount of equity method investments was primarily related to our 15% investment in PTx Trimble of $220.5 million and $222.3 million at the end of the first quarter of 2025 and the year end 2024. Other Investments Other investments represent early-stage companies without readily determinable fair values with ownership rights varying from 1% to 32.5%. The Company applies the measurement alternative for these investments, which requires measurement at initial cost, less any impairments, adjusted for observable price changes. Adjustments are recorded in other income (expense), net, which were immaterial for the periods presented. The total carrying amount of other investments was primarily related to our 32.5% investment in Platform Science of $253.9 million at the end of the first quarter of 2025.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478156/740-323-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org/323/tableOfContent + Details
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