CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

Third Quarter of

Fiscal Year End

2016

2015

Assets

Current assets:

Cash and cash equivalents

$          213.5

$           116.0

Short term investments

62.1

—

Accounts receivable, net

369.2

361.9

Other receivables

35.4

14.9

Inventories

224.3

261.1

Other current assets

53.4

44.5

Total current assets

957.9

798.4

Property and equipment, net

149.4

159.2

Goodwill

2,111.1

2,106.4

Other purchased intangible assets, net

371.1

487.1

Other non-current assets

141.9

129.6

Total assets

$       3,731.4

$        3,680.7

Liabilities and Shareholders' Equity

Current liabilities:

Short-term debt

$          145.3

$           118.3

Accounts payable

102.0

99.8

Accrued compensation and benefits

86.8

98.9

Deferred revenue

259.1

234.6

Accrued warranty expense

18.1

18.5

Other current liabilities

82.7

90.8

Total current liabilities

694.0

Long-term debt

524.5

611.4

Non-current deferred revenue

35.2

29.6

Deferred income tax liabilities

45.4

51.7

Other non-current liabilities

112.6

106.5

Total liabilities

1,411.7

1,460.1

Shareholders' equity:

Common stock

1,316.0

1,238.3

Retained earnings

1,159.1

1,148.2

Accumulated other comprehensive loss

(155.2)

(166.8)

Total Trimble Navigation Limited shareholders' equity

2,319.9

2,219.7

Noncontrolling interests

(0.2)

0.9

Total shareholders' equity

2,220.6

Total liabilities and shareholders' equity

$       3,731.4

$        3,680.7