CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

Second Quarter of

Fiscal Year End

2015

2014

Assets

Current assets:

   Cash and cash equivalents

$                129.0

$            148.0

   Accounts receivable, net

355.5

362.0

   Other receivables

26.0

29.5

   Inventories, net

280.8

278.1

   Deferred income taxes

48.2

45.6

   Other current assets

45.6

39.4

      Total current assets

885.1

902.6

Property and equipment, net

161.7

157.4

Goodwill

2,087.4

2,101.2

Other purchased intangible assets, net

525.5

594.5

Other non-current assets

120.5

118.6

      Total assets

$             3,780.2

$         3,874.3

Liabilities 

Current liabilities:

   Current portion of long-term debt

$                124.2

$              64.4

   Accounts payable

109.6

103.8

   Accrued compensation and benefits

96.2

98.9

   Deferred revenue

258.1

211.6

   Accrued warranty expense

19.1

20.6

   Other current liabilities

89.4

89.0

      Total current liabilities

696.6

588.3

Non-current portion of long-term debt

515.4

674.0

Non-current deferred revenue

28.5

26.3

Deferred income taxes

104.3

121.1

Other non-current liabilities

96.2

95.8

      Total liabilities

1,441.0

1,505.5

Equity

Shareholders' equity:

   Common stock

1,235.8

1,207.3

   Retained earnings

1,210.9

1,211.0

   Accumulated other comprehensive loss

(108.6)

(61.3)

Total Trimble Navigation Ltd. shareholders' equity

2,338.1

2,357.0

Noncontrolling interests 

1.1

11.8

      Total equity

2,339.2

2,368.8

      Total liabilities and equity

$             3,780.2

$         3,874.3