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Revisions to Previously Reported Financial Information Revisions to Previously Reported Financial Information
 12 Months Ended
Jan. 01, 2016
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 loss on the Consolidated Balance Sheets were overstated and the resulting foreign currency translation adjustment component of Other comprehensive income 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 to the third quarter and full year 2015, the Company has revised previously issued financial information for periods contained in this Annual Report on Form 10-K to correct for the foreign currency translation figures.

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 (1)
 
Adjustment
 
Revised
Goodwill
 
$
2,101.2

 
$
(15.4
)
 
$
2,085.8

Total assets
 
3,871.3

 
(15.4
)
 
3,855.9

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

 
(15.4
)
 
2,341.6

Total equity
 
2,368.8

 
(15.4
)
 
2,353.4

Total liabilities and equity
 
3,871.3

 
(15.4
)
 
3,855.9


(1) Total assets and total liabilities and equity as previously reported have been adjusted to reflect the reclassification of debt issuance costs. For further information, see Recent Accounting Pronouncements in Note 2 to the Consolidated Financial Statements.
The following table presents the impact of these corrections in the Consolidated Statements of Comprehensive Income for fiscal 2014 and 2013 (in millions):
 
Fiscal 2014
 
Fiscal 2013
Consolidated Statements of Comprehensive Income
As previously
 
 
 
As
 
As previously
 
 
 
As
Reported
 
Adjustment
 
Revised
 
Reported
 
Adjustment
 
Revised
 
 
 
 
 
 
 
 
 
 
 
 
Net income
$
213.9

 
$
—

 
$
213.9

 
$
218.2

 
$
—

 
$
218.2

   Foreign currency translation
adjustments
(92.8
)
 
(11.2
)
 
(104.0
)
 
10.2

 
(4.0
)
 
6.2

   Net unrealized actuarial gain (loss)
(1.7
)
 
—

 
(1.7
)
 
0.4

 
—

 
0.4

Comprehensive income
119.4

 
(11.2
)
 
108.2

 
228.8

 
(4.0
)
 
224.8

Less: Comprehensive loss attributable to noncontrolling interests
(0.2
)
 
—

 
(0.2
)
 
(0.7
)
 
—

 
(0.7
)
Comprehensive income attributable to Trimble Navigation Limited
$
119.6

 
$
(11.2
)
 
$
108.4

 
$
229.5

 
$
(4.0
)
 
$
225.5


Interim periods not presented herein will be revised, as applicable, when they are included in future filings.