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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis
Assets and liabilities measured at fair value on a recurring basis are categorized in the tables below based upon the lowest level of significant input to the valuations.
 
Fair Values as of the end of the Third Quarter of Fiscal 2016
 
Fair Values as of Fiscal Year End 2015
(Dollars in millions)
Level I
 
Level II
 
Level III
 
Total
 
Level I
 
Level II
 
Level III
 
Total
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    U.S. Treasury securities (1)
$
—

 
$
11.7

 
$
—

 
$
11.7

 
$
—

 
$
—

 
$
—

 
$
—

    Municipal debt securities (1)
—

 
10.0

 
—

 
10.0

 
—

 
—

 
—

 
—

    Corporate debt securities (1)
—

 
15.8

 
—

 
15.8

 
—

 
—

 
—

 
—

    Commercial paper (1)
—

 
57.4

 
—

 
57.4

 
—

 
—

 
—

 
—

       Total available-for-sale securities
—

 
94.9

 
—

 
94.9

 
—

 
—

 
—

 
—

Deferred compensation plan assets (2)
22.5

 
—

 
—

 
22.5

 
21.1

 
—

 
—

 
21.1

Derivative assets (3)
—

 
0.2

 
—

 
0.2

 
—

 
2.9

 
—

 
2.9

Contingent consideration assets (4)
—

 
—

 
7.0

 
7.0

 
—

 
—

 
7.0

 
7.0

Total assets measured at fair value
$
22.5

 
$
95.1

 
$
7.0

 
$
124.6

 
$
21.1

 
$
2.9

 
$
7.0

 
$
31.0

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred compensation plan liabilities (2)
$
22.5

 
$
—

 
$
—

 
$
22.5

 
$
21.1

 
$
—

 
$
—

 
$
21.1

Derivative liabilities (3)
—

 
0.1

 
—

 
0.1

 
—

 
2.1

 
—

 
2.1

Contingent consideration liabilities (5)
—

 
—

 
4.5

 
4.5

 
—

 
—

 
6.6

 
6.6

Total liabilities measured at fair value
$
22.5

 
$
0.1

 
$
4.5

 
$
27.1

 
$
21.1

 
$
2.1

 
$
6.6

 
$
29.8

 
(1)
The Company’s available-for sale securities are valued using readily available pricing sources for comparable instruments, or model-driven valuations using significant inputs derived from or corroborated by observable market data, including yield curves and credit ratings.
(2)
The Company maintains a self-directed, non-qualified deferred compensation plan for certain executives and other highly compensated employees. The plan assets and liabilities are invested in actively traded mutual funds and individual stocks valued using observable quoted prices in active markets. Deferred compensation plan assets and liabilities are included in Other non-current assets and Other non-current liabilities, respectively, on the Company's Condensed Consolidated Balance Sheets.
(3)
Derivative assets and liabilities primarily represent forward currency exchange contracts. The Company typically enters into these contracts to minimize the short-term impact of foreign currency exchange rates on certain trade and inter-company receivables and payables. Derivative assets and liabilities are included in Other current assets and Other current liabilities on the Company's Condensed Consolidated Balance Sheets.
(4)
Contingent consideration assets represent arrangements for buyers to pay the Company for certain businesses that it has divested. The fair value is determined based on the Company's expectations of future receipts. The minimum amount to be received under these arrangements is $3.5 million. Contingent consideration assets are included in Other receivables and Other non-current assets on the Company's Condensed Consolidated Balance Sheets.
(5)
Contingent consideration liabilities represent arrangements to pay the former owners of certain companies that Trimble acquired. The undiscounted maximum payment under the arrangements is $18.1 million at the end of the third quarter of fiscal 2016, based on estimated future revenues, gross margins or other milestones. Contingent consideration liabilities are included in Other current liabilities and Other non-current liabilities on the Company's Condensed Consolidated Balance Sheets.
Additional Fair Value Information Relating To The Company's Financial Instruments Outstanding
The following table provides additional fair value information relating to the Company’s financial instruments outstanding:
 
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
As of
Third Quarter of Fiscal 2016
 
Fiscal Year End 2015
(Dollars in millions)
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Notes
$
400.0

 
$
407.0

 
$
400.0

 
$
399.9

2014 Credit Facility
129.0

 
129.0

 
216.0

 
216.0

Uncommitted facilities
145.0

 
145.0

 
118.0

 
118.0

Promissory notes and other debt
0.9

 
0.9

 
1.2

 
1.2