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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 29, 2017
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.
At the End of Fiscal Year
2017
 
2016
(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)
$
—

 
$
9.6

 
$
—

 
$
9.6

 
$
—

 
$
11.7

 
$
—

 
$
11.7

  Municipal debt securities (1)
—

 
—

 
—

 
—

 
—

 
10.0

 
—

 
10.0

  Corporate debt securities (1)
—

 
96.0

 
—

 
96.0

 
—

 
31.7

 
—

 
31.7

  Time deposit (1)
 
 
—

 
 
 
—

 
 
 
2.4

 
 
 
2.4

  Commercial paper (1)
—

 
100.1

 
—

 
100.1

 
—

 
77.5

 
—

 
77.5

       Total available-for-sale securities
—

 
205.7

 
—

 
205.7

 
—

 
133.3

 
—

 
133.3

Deferred compensation plan assets (2)
27.1

 
—

 
—

 
27.1

 
22.6

 
—

 
—

 
22.6

Derivative assets (3)
—

 
0.5

 
—

 
0.5

 
—

 
0.2

 
—

 
0.2

Contingent consideration asset (4)
—

 
—

 
—

 
—

 
—

 
—

 
7.0

 
7.0

Total assets measured at fair value
$
27.1

 
$
206.2

 
$
—

 
$
233.3

 
$
22.6

 
$
133.5

 
$
7.0

 
$
163.1

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred compensation plan liabilities (2)
$
27.1

 
$
—

 
$
—

 
$
27.1

 
$
22.6

 
$
—

 
$
—

 
$
22.6

Derivative liabilities (3)
—

 
0.1

 
—

 
0.1

 
—

 
0.1

 
—

 
0.1

Contingent consideration liabilities (5)
—

 
—

 
14.2

 
14.2

 
—

 
—

 
4.5

 
4.5

Total liabilities measured at fair value
$
27.1

 
$
0.1

 
$
14.2

 
$
41.4

 
$
22.6

 
$
0.1

 
$
4.5

 
$
27.2

 
(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 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 Consolidated Balance Sheets.
(4)
Contingent consideration asset represents an arrangement for buyers to pay the Company for a business that it has divested. The fair value is determined based on the Company's expectations of future receipts. Due to the Company's assessment of the recoverability of the contingent consideration asset, the Company recognized an impairment loss of $7.0 million, which is included in Other income, net for fiscal 2017.
(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 $50.3 million at the end of fiscal 2017. The fair values are estimated using scenario-based methods or option pricing methods based upon 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 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:
 
At the End of Fiscal Year
2017
 
2016
(In millions)
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Liabilities:
 
 
 
 
 
 
 
Notes
$
400.0

 
$
430.4

 
$
400.0

 
$
410.6

2014 Credit facility
389.0

 
389.0

 
94.0

 
94.0

       Uncommitted facilities
128.0

 
128.0

 
130.0

 
130.0

Promissory notes and other debt
1.2

 
1.2

 
0.8

 
0.8