Fair Value Measurements (Tables)

9 Months Ended

Sep. 27, 2019

Fair Value Disclosures [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

The fair value of assets and liabilities measured and recorded at fair value on a recurring basis at the end of period were as follows:

	Fair Values as of the end of the Third Quarter of Fiscal 2019								Fair Values as of Fiscal Year End 2018
(In millions)	Level I		Level II		Level III		Total		Level I		Level II		Level III		Total
Assets
Deferred compensation plan assets (1)	$	33.5	$	—	$	—	$	33.5	$	28.5	$	—	$	—	$	28.5
Derivatives assets (2)	—		0.6		—		0.6		—		0.4		—		0.4
Total assets measured at fair value	$	33.5	$	0.6	$	—	$	34.1	$	28.5	$	0.4	$	—	$	28.9
Liabilities
Deferred compensation plan liabilities (1)	$	33.5	$	—	$	—	$	33.5	$	28.5	$	—	$	—	$	28.5
Derivatives liabilities (2)	—		0.3		—		0.3		—		—		—		—
Contingent consideration liabilities (3)	—		—		9.2		9.2		—		—		5.6		5.6
Total liabilities measured at fair value	$	33.5	$	0.3	$	9.2	$	43.0	$	28.5	$	—	$	5.6	$	34.1

(1) 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.

(2) Derivative assets and liabilities primarily represent forward currency exchange contracts to minimize the short-term impact of foreign currency exchange rates on certain trade and inter-company receivables and payables.

(3)

Contingent consideration liabilities represent arrangements to pay the former owners of certain companies that Trimble acquired. The fair values are estimated using scenario-based methods or option pricing methods based upon estimated future revenues, gross margins, or other milestones.