TRIMBLE INC. Leases Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
| (In millions) | |||||||||||||||||
| Operating lease expense | $ | 30.3 | $ | 31.4 | $ | 33.5 | |||||||||||
| Short-term lease expense and other | 13.5 | 15.0 | 17.1 | ||||||||||||||
| Total lease expense | $ | 43.8 | $ | 46.4 | $ | 50.6 | |||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| (In millions) | |||||||||||||||||
Cash paid for operating leases (1) | $ | 29.1 | $ | 30.3 | $ | 31.0 | |||||||||||
| Right-of-use assets obtained in exchange for Operating lease liabilities: | $ | 39.2 | $ | 44.1 | $ | 47.0 | |||||||||||
| At the End of Year | Classification | 2025 | 2024 | |||||||||||||||||
| (In millions) | ||||||||||||||||||||
| Operating lease right-of-use assets | $ | 145.6 | $ | 123.5 | ||||||||||||||||
Current operating lease liabilities | $ | 27.8 | $ | 21.2 | ||||||||||||||||
Non-current operating liabilities | 141.1 | 123.4 | ||||||||||||||||||
| Total operating lease liabilities | $ | 168.9 | $ | 144.6 | ||||||||||||||||
| Weighted-average discount rate | 4.63 | % | 4.58 | % | ||||||||||||||||
| Weighted-average remaining lease term | 7 years | 7 years | ||||||||||||||||||
| (In millions) | |||||
| 2026 | $ | 34.9 | |||
| 2027 | 34.6 | ||||
| 2028 | 29.3 | ||||
| 2029 | 26.2 | ||||
| 2030 | 22.6 | ||||
| Thereafter | 49.3 | ||||
| Total lease payments | 196.9 | ||||
| Less: imputed interest | 28.0 | ||||
| Total | $ | 168.9 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Feb 25, 2026 | Showing above |
| 2025 | Apr 25, 2025 | |
| 2023 | Feb 26, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 26, 2021 | |
| 2020 | Feb 28, 2020 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.