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REVISIONS TO PREVIOUSLY REPORTED FINANCIAL INFORMATION
 9 Months Ended
Oct. 02, 2015
Accounting Changes and Error Corrections [Abstract]  
Accounting Changes and Error Corrections [Text Block]
REVISIONS TO PREVIOUSLY REPORTED FINANCIAL INFORMATION

In the third quarter of fiscal 2015, the Company identified an error in its previously reported financial statements with regard to a portion of its goodwill balance arising from deferred tax liabilities in foreign jurisdictions that had not been properly translated to U.S. dollars. As a result, both goodwill and the cumulative translation adjustment included in Accumulated other comprehensive income (loss) on the Condensed Consolidated Balance Sheets were overstated and the resulting foreign currency translation adjustment component of Other comprehensive income (loss) was incorrect. There was no impact on Net Income or Cash Flows.

The Company evaluated the impact of the error, both quantitatively and qualitatively, and concluded that the differences were not material individually or in the aggregate to any of the prior reporting periods. The impact has no effect on Net Income or Cash Flows, but in light of the significance of the cumulative amount of the error on comprehensive income on the third quarter and projected full year 2015, the Company has revised previously issued financial information for periods contained in this Quarterly Report on Form 10-Q to correct for the foreign currency translation figures.

The adjustments will also result in a reduction of the Foreign currency translation adjustment and Comprehensive income of $11.2 million and $4.0 million in the Statements of Comprehensive Income for the fiscal years 2014 and 2013, respectively. For the fiscal year 2012, the adjustment will result in an increase of the Foreign currency translation adjustment and Comprehensive income of $10.7 million. Additionally, there was no impact on Net Income or Cash Flows for fiscal years 2014, 2013 and 2012. Periods not presented herein will be revised, as applicable, when they are included in future filings.

The following table presents the impact of the adjustment to the Condensed Consolidated Balance Sheet line items as of 2014 fiscal year end (in millions):
 
 
 
 
As of Fiscal Year End 2014
 
 
 
 
As previously
 
 
 
As
Consolidated Balance Sheet Data:
 
Reported
 
Adjustment
 
Revised
Goodwill
 
 
 
$
2,101.2

 
$
(15.4
)
 
$
2,085.8

Total assets
 
 
 
3,874.3

 
(15.4
)
 
3,858.9

Accumulated other comprehensive loss
 
(61.3
)
 
(15.4
)
 
(76.7
)
Total Trimble Navigation Ltd. shareholders' equity
 
2,357.0

 
(15.4
)
 
2,341.6

Total equity
 
 
 
2,368.8

 
(15.4
)
 
2,353.4

Total liabilities and equity
 
3,874.3

 
(15.4
)
 
3,858.9

The following table presents the impact of these corrections in the Condensed Consolidated Statements of Comprehensive Income for the third quarter and the first three quarters of 2014 (in millions):
 
Third Quarter of 2014
 
First Three Quarters of 2014
Consolidated Statements of Comprehensive Income
As previously
 
 
 
As
 
As previously
 
 
 
As
Reported
 
Adjustment
 
Revised
 
Reported
 
Adjustment
 
Revised
 
 
 
 
 
 
 
 
 
 
 
 
Net income
$
11.8

 
$
—

 
$
11.8

 
$
158.0

 
$
—

 
$
158.0

   Foreign currency translation
   adjustments
(60.5
)
 
(3.4
)
 
(63.9
)
 
(62.9
)
 
(1.7
)
 
(64.6
)
   Net unrealized actuarial gain
0.1

 
—

 
0.1

 
0.1

 
—

 
0.1

Comprehensive income (loss)
(48.6
)
 
(3.4
)
 
(52.0
)
 
95.2

 
(1.7
)
 
93.5

Less: Comprehensive loss attributable to noncontrolling interests
—

 
—

 
—

 
(0.3
)
 
—

 
(0.3
)
Comprehensive income (loss) attributable to Trimble Navigation Ltd.
$
(48.6
)
 
$
(3.4
)
 
$
(52.0
)
 
$
95.5

 
$
(1.7
)
 
$
93.8