Reporting Segment and Geographic Information (Tables)

6 Months Ended

Jul. 04, 2025

Schedule of Revenue, Operating Income and Identifiable Assets by Segment

The following reporting segment tables reflect the revenue, costs and expenses, and operating income of our reportable operating segments under our management reporting system. Segment costs and expenses include directly attributable costs and certain indirect costs allocated to segments, such as facilities, information technology, cloud services, finance, legal, and human resources. This is consistent with the way the CODM evaluates each of the segment’s performance and allocates resources.


	Reporting Segments
	AECO			Field Systems			T&L
(In millions)
Second Quarter of 2025
Segment revenue	$	350.3		$	392.7		$	132.7
Cost of sales	59.7			161.9			33.6
Operating expense	184.2			109.8			70.5
Operating income	$	106.4		$	121.0		$	28.6
Operating income %	30.4		%	30.8		%	21.6		%

Second Quarter of 2024
Segment revenue	$	299.7		$	379.3		$	191.8
Cost of sales	53.4			168.5			69.3
Operating expense	167.2			101.0			86.6
Operating income	$	79.1		$	109.8		$	35.9
Operating income %	26.4		%	28.9		%	18.7		%

First Two Quarters of 2025
Segment revenue	$	685.7		$	751.9		$	278.7
Cost of sales	118.6			316.1			78.2
Operating expense	369.1			208.2			145.8
Operating income	$	198.0		$	227.6		$	54.7
Operating income %	28.9		%	30.3		%	19.6		%

First Two Quarters of 2024
Segment revenue	$	638.8		$	798.5		$	386.8
Cost of sales	108.7			364.4			142.8
Operating expense	324.3			226.0			171.8
Operating income	$	205.8		$	208.1		$	72.2
Operating income %	32.2		%	26.1		%	18.7		%

Schedule of Reconciliation of Our Condensed Consolidated Segment Operating Income to Condensed Consolidated Income Before Income Taxes

A reconciliation of our condensed consolidated segment operating income to condensed consolidated income before income taxes was as follows:


	Second Quarter of				First Two Quarters of
	2025		2024		2025		2024
(In millions)
Total segment operating income	$	256.0	$	224.8	$	480.3	$	486.1
Unallocated general corporate expenses	(33.4)		(30.4)		(59.5)		(57.3)
Amortization of purchased intangible assets	(42.9)		(54.5)		(84.9)		(109.0)
Acquisition / divestiture items	(2.7)		(33.9)		(11.6)		(57.8)
Stock-based compensation / deferred compensation	(40.8)		(38.1)		(78.3)		(76.9)
Restructuring and other costs	(8.4)		(6.3)		(20.7)		(14.3)
Consolidated operating income	127.8		61.6		225.3		170.8
Total non-operating (expense) income, net	(14.5)		1,700.4		(25.6)		1,664.2
Consolidated income before taxes	$	113.3	$	1,762.0	$	199.7	$	1,835.0

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The disaggregation of revenue by geography is summarized in the tables below. Revenue is defined as revenue from external customers attributed to countries based on the location of the customer and is consistent with the Reporting Segment tables above.


	Reporting Segments
	AECO		Field Systems		T&L		Total
(In millions)
Second Quarter of 2025
North America	$	223.9	$	216.5	$	70.5	$	510.9
Europe	86.2		105.5		58.0		249.7
Asia Pacific	30.5		47.7		3.3		81.5
Rest of World	9.7		23.0		0.9		33.6
Total segment revenue	$	350.3	$	392.7	$	132.7	$	875.7

Second Quarter of 2024
North America	$	191.5	$	200.4	$	114.9	$	506.8
Europe	71.3		96.2		63.9		231.4
Asia Pacific	27.0		59.1		3.3		89.4
Rest of World	9.9		23.6		9.7		43.2
Total segment revenue	$	299.7	$	379.3	$	191.8	$	870.8

First Two Quarters of 2025
North America	$	453.1	$	408.8	$	154.7	$	1,016.6
Europe	158.0		201.1		113.3		472.4
Asia Pacific	58.2		97.1		6.0		161.3
Rest of World	16.4		44.9		4.7		66.0
Total segment revenue	$	685.7	$	751.9	$	278.7	$	1,716.3

First Two Quarters of 2024
North America	$	384.6	$	382.4	$	234.6	$	1,001.6
Europe	171.3		236.7		120.6		528.6
Asia Pacific	62.0		124.1		9.0		195.1
Rest of World	20.9		55.3		22.6		98.8
Total segment revenue	$	638.8	$	798.5	$	386.8	$	1,824.1

TRIMBLE INC. 10-Q