2024 Q1 Form 10-K Financial Statement

#000086474924000047 Filed on February 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $953.3M $932.4M $3.799B
YoY Change 4.14% 8.86% 3.33%
Cost Of Revenue $359.7M $355.1M $1.466B
YoY Change 1.44% 0.48% -6.67%
Gross Profit $593.6M $577.3M $2.333B
YoY Change 5.85% 14.75% 10.79%
Gross Profit Margin 62.27% 61.92% 61.41%
Selling, General & Admin $280.9M $264.4M $1.071B
YoY Change 14.14% 5.8% 9.7%
% of Gross Profit 47.32% 45.8% 45.89%
Research & Development $170.2M $167.7M $664.3M
YoY Change 6.84% 24.5% 22.54%
% of Gross Profit 28.67% 29.05% 28.48%
Depreciation & Amortization $62.90M $65.40M $250.6M
YoY Change 541.84% 49.32% 523.38%
% of Gross Profit 10.6% 11.33% 10.74%
Operating Expenses $477.8M $460.9M $1.838B
YoY Change 12.74% 16.18% 15.28%
Operating Profit $115.8M $116.4M $494.4M
YoY Change -15.47% 9.4% -3.23%
Interest Expense -$39.60M -$44.30M -$132.9M
YoY Change 377.11% 187.66% 232.25%
% of Operating Profit -34.2% -38.06% -26.88%
Other Income/Expense, Net -$100.0K $8.300M $31.90M
YoY Change -100.42% -40.29% -45.19%
Pretax Income $73.00M $59.50M $357.0M
YoY Change -54.55% -34.69% -37.27%
Income Tax $15.80M -$3.500M $45.70M
% Of Pretax Income 21.64% -5.88% 12.8%
Net Earnings $57.20M $63.00M $311.3M
YoY Change -55.59% -26.4% -30.78%
Net Earnings / Revenue 6.0% 6.76% 8.19%
Basic Earnings Per Share $1.26
Diluted Earnings Per Share $0.23 $0.25 $1.25
COMMON SHARES
Basic Shares Outstanding 245.7M shares 248.8M shares 247.9M shares
Diluted Shares Outstanding 249.1M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $255.1M $229.8M $229.8M
YoY Change -75.43% -15.2% -15.2%
Cash & Equivalents $255.1M $229.8M $229.8M
Short-Term Investments
Other Short-Term Assets $722.0M $658.8M $658.8M
YoY Change 239.6% 227.11% 227.11%
Inventory $230.0M $235.7M $235.7M
Prepaid Expenses $89.80M
Receivables $633.0M $706.6M $706.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.840B $1.831B $1.831B
YoY Change -17.81% 20.6% 20.6%
LONG-TERM ASSETS
Property, Plant & Equipment $314.7M $326.5M $326.5M
YoY Change 46.3% 49.09% -4.03%
Goodwill $5.351B
YoY Change 29.31%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $802.4M $787.8M $787.8M
YoY Change 127.7% 134.32% 1.7%
Total Long-Term Assets $7.481B $7.708B $7.708B
YoY Change 29.57% 34.04% 34.04%
TOTAL ASSETS
Total Short-Term Assets $1.840B $1.831B $1.831B
Total Long-Term Assets $7.481B $7.708B $7.708B
Total Assets $9.321B $9.539B $9.539B
YoY Change 16.33% 31.23% 31.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $190.9M $165.3M $165.3M
YoY Change 14.65% -5.81% -5.81%
Accrued Expenses $137.2M $181.2M $181.2M
YoY Change 4.89% 13.68% 13.68%
Deferred Revenue $663.1M
YoY Change 3.76%
Short-Term Debt $530.4M $0.00
YoY Change 76.8%
Long-Term Debt Due $543.4M $530.4M $530.4M
YoY Change 81.13% 76.8% 76.8%
Total Short-Term Liabilities $1.836B $1.829B $1.829B
YoY Change 23.95% 25.11% 25.11%
LONG-TERM LIABILITIES
Long-Term Debt $2.487B $2.536B $2.536B
YoY Change 39.17% 107.89% 107.89%
Other Long-Term Liabilities $384.2M $385.9M $385.9M
YoY Change 178.41% 187.13% 1.85%
Total Long-Term Liabilities $2.871B $2.922B $2.922B
YoY Change 49.16% 2074.18% 82.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.836B $1.829B $1.829B
Total Long-Term Liabilities $2.871B $2.922B $2.922B
Total Liabilities $4.972B $5.039B $5.039B
YoY Change 31.97% 56.56% 56.56%
SHAREHOLDERS EQUITY
Retained Earnings $2.437B
YoY Change 9.3%
Common Stock $2.215B
YoY Change 7.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.349B $4.500B $4.500B
YoY Change
Total Liabilities & Shareholders Equity $9.321B $9.539B $9.539B
YoY Change 16.33% 31.23% 31.23%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $57.20M $63.00M $311.3M
YoY Change -55.59% -26.4% -30.78%
Depreciation, Depletion And Amortization $62.90M $65.40M $250.6M
YoY Change 541.84% 49.32% 523.38%
Cash From Operating Activities $233.8M $98.90M $597.1M
YoY Change 12.03% -6.79% 52.63%
INVESTING ACTIVITIES
Capital Expenditures $6.800M $9.800M $42.00M
YoY Change 6.25% 48.48% -2.78%
Acquisitions $2.089B
YoY Change 459.28%
Other Investing Activities $3.300M $6.100M -$2.026B
YoY Change -127.5% -109.04% -8204.4%
Cash From Investing Activities -$3.500M -$3.700M -$2.068B
YoY Change -87.36% -95.01% 813.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$93.30M
YoY Change -122.85%
Debt Paid & Issued, Net $2.293B
YoY Change 288.5%
Cash From Financing Activities -202.2M -89.20M 1.432B
YoY Change -134.66% 6.19% -819.35%
NET CHANGE
Cash From Operating Activities 233.8M 98.90M 597.1M
Cash From Investing Activities -3.500M -3.700M -2.068B
Cash From Financing Activities -202.2M -89.20M 1.432B
Net Change In Cash 28.10M 6.000M -39.50M
YoY Change -96.34% -111.54% -27.79%
FREE CASH FLOW
Cash From Operating Activities $233.8M $98.90M $597.1M
Capital Expenditures $6.800M $9.800M $42.00M
Free Cash Flow $227.0M $89.10M $555.1M
YoY Change 12.21% -10.45% 59.51%

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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Use Of Estimates
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<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with U.S. GAAP requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Estimates and assumptions are used for (i) revenue recognition, including determining the nature and timing of satisfaction of performance obligations and determining standalone selling price (“SSP”) of performance obligations; (ii) inventory valuation; (iii) valuation of long-lived assets and their estimated useful lives; (iv) goodwill and other long-lived asset impairment analyses; (v) stock-based compensation; and (vi) income taxes. We base our estimates on historical experience and various other assumptions we believe to be reasonable</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. Actual results that we experience may differ materially from our estimates.</span></div>
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Cost Of Goods And Services Sold
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CY2023 us-gaap Number Of Reportable Segments
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4 segment
CY2023 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Risk</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash and cash equivalents are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions of reputable credit and therefore bear minimal credit risk.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are also exposed to credit risk in our trade receivables, which are derived from sales to end-user customers in diversified industries as well as various resellers. We perform ongoing credit evaluations of our customers’ financial conditions and limit the amount of credit extended, when deemed necessary, but generally do not require collateral.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition, we rely on a limited number of suppliers for a number of our critical components.</span></div>
CY2023 us-gaap Guarantees Indemnifications And Warranties Policies
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<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Guarantees, Including Indirect Guarantees of Indebtedness of Others</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the normal course of business to facilitate sales of our products, we indemnify other parties, including customers, lessors, and parties to other transactions with us with respect to certain matters. We may agree to hold the other party harmless against losses arising from a breach of representations or covenants, or out of intellectual property infringement or other claims made against certain parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. In connection with divesting some of our businesses or assets, we may also indemnify purchasers for certain matters in the normal course of business, such as breaches of representations, covenants, or excluded liabilities. In addition, we entered into indemnification agreements with our officers and directors, and our bylaws contain similar indemnification obligations to our agents.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">It is not possible to determine the maximum potential amount under these indemnification agreements due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. Historically, payments made under these agreements were not material, and no liabilities have been recorded for these obligations in the Consolidated Balance Sheets at the end of 2023 and 2022.</span></div>
CY2023 us-gaap Net Income Loss
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CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023 us-gaap Earnings Per Share Basic
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1.26
CY2022 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Earnings Per Share Basic
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1.96
CY2023 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 us-gaap Impairment Of Intangible Assets Finitelived
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CY2023Q4 trmb Finite Lived Intangible Asset Expected Amortization After Year Five
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CY2023 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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268100000 usd
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CY2023Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
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CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2022Q4 us-gaap Inventory Net
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CY2022Q4 us-gaap Deferred Costs Current
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16900000 usd
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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359500000 usd
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2023Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
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CY2022Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
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5400000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Revenues
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CY2021 us-gaap Revenues
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CY2023Q4 us-gaap Accounts Receivable Net Current
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CY2023Q4 us-gaap Inventory Net
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CY2023Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Accounts Receivable Net Current
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CY2022Q4 us-gaap Inventory Net
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CY2022Q4 us-gaap Goodwill
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CY2021Q4 us-gaap Accounts Receivable Net Current
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CY2021Q4 us-gaap Inventory Net
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CY2021Q4 us-gaap Goodwill
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CY2023 trmb Revenue From Contracts With Customers And Operating Income Loss Purchase Accounting Adjustments
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CY2022 trmb Revenue From Contracts With Customers And Operating Income Loss Purchase Accounting Adjustments
RevenueFromContractsWithCustomersAndOperatingIncomeLossPurchaseAccountingAdjustments
131600000 usd
CY2021 trmb Revenue From Contracts With Customers And Operating Income Loss Purchase Accounting Adjustments
RevenueFromContractsWithCustomersAndOperatingIncomeLossPurchaseAccountingAdjustments
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CY2023 trmb Acquisition And Divestiture Related Costs
AcquisitionAndDivestitureRelatedCosts
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CY2022 trmb Acquisition And Divestiture Related Costs
AcquisitionAndDivestitureRelatedCosts
32800000 usd
CY2021 trmb Acquisition And Divestiture Related Costs
AcquisitionAndDivestitureRelatedCosts
21800000 usd
CY2023 trmb Share Based Payment Arrangement And Deferred Compensation Arrangement With Individual Compensation Expense
ShareBasedPaymentArrangementAndDeferredCompensationArrangementWithIndividualCompensationExpense
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CY2022 trmb Share Based Payment Arrangement And Deferred Compensation Arrangement With Individual Compensation Expense
ShareBasedPaymentArrangementAndDeferredCompensationArrangementWithIndividualCompensationExpense
112000000.0 usd
CY2021 trmb Share Based Payment Arrangement And Deferred Compensation Arrangement With Individual Compensation Expense
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128600000 usd
CY2023 trmb Restructuring Charges And Other Costs
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CY2022 trmb Restructuring Charges And Other Costs
RestructuringChargesAndOtherCosts
54200000 usd
CY2021 trmb Restructuring Charges And Other Costs
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CY2023 us-gaap Operating Income Loss
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CY2022 us-gaap Operating Income Loss
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CY2021 us-gaap Operating Income Loss
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CY2022 us-gaap Nonoperating Income Expense
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CY2021 us-gaap Nonoperating Income Expense
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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357000000.0 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Operating Lease Payments
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2022Q4 us-gaap Long Term Debt Current
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300000000.0 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q4 us-gaap Long Term Debt Noncurrent
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1220000000 usd
CY2023Q4 trmb Short Term Debt Gross
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530400000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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800000000.0 usd
CY2023Q4 trmb Debt Long Term And Short Term Combined Amount Gross
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CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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CY2023 us-gaap Short Term Lease Cost
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CY2022 us-gaap Short Term Lease Cost
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CY2021 us-gaap Short Term Lease Cost
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17800000 usd
CY2023 us-gaap Lease Cost
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50600000 usd
CY2022 us-gaap Lease Cost
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51100000 usd
CY2021 us-gaap Lease Cost
LeaseCost
53300000 usd
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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49500000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q4 us-gaap Operating Lease Liability Current
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29100000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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35000000.0 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
105100000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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P7Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P6Y
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q4 us-gaap Operating Lease Liability
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CY2023Q4 trmb Lessee Operating Lease Lease Not Yet Commenced Liability
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CY2023Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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CY2022Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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CY2022Q4 us-gaap Contract With Customer Liability
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2023 us-gaap Contract With Customer Liability Revenue Recognized
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CY2022 us-gaap Contract With Customer Liability Revenue Recognized
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CY2023 trmb Contract With Customer Liability Billings And Revenue Recognized Net
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CY2022 trmb Contract With Customer Liability Billings And Revenue Recognized Net
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CY2023Q4 us-gaap Contract With Customer Liability
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CY2022Q4 us-gaap Contract With Customer Liability
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation
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CY2023Q4 us-gaap Revenue Remaining Performance Obligation Percentage
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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330100000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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451400000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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357000000.0 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
569100000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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574600000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2023 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2023 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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CY2022 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
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CY2021 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.010
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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