BORROWINGS	3 Months Ended
Dec. 30, 2016
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS On December 30, 2016, the Company did not have any debt. Credit Facility On January 25, 2017, the Company entered into a secured revolving credit facility in an aggregate principal amount of up to $100 million (the “Revolving Credit Facility”), which matures in five years, and a secured term loan credit facility in an aggregate principal amount of $200 million (the “Term Facility”), which is to be repaid over five years, with 7.5% payable in quarterly installments during the first two years, 10% payable in quarterly installments during the third and fourth years and 15% payable in quarterly installments in the fifth year. The credit agreement relating to the Revolving Credit Facility and the Term Facility (collectively the “Credit Agreement”) contains various customary restrictive covenants that will limit, among other things, the incurrence of indebtedness by Varex and its subsidiaries, the grant or incurrence of liens by Varex and its subsidiaries, the entry into sale and leaseback transactions by Varex and its subsidiaries, and the entry into certain fundamental change transactions by Varex and its subsidiaries. It also contains customary events of default and certain financial covenants, including the requirement to maintain certain financial ratios. The Credit Agreement is secured by the stock and assets of certain Varex subsidiaries. The Credit Agreement has several borrowing and interest rate options including the following indices: (i) the LIBOR rate, or (ii) the base rate (equal to the greater of the prime rate, the federal funds rate plus 0.50% or the LIBOR rate for a one-month period plus 1.00%). Loans under the Credit Agreement bear interest at a rate per annum using the applicable indices plus a varying interest rate margin of between 1.125% and 2.125%. The Credit Agreement also provides for fees applicable to amounts available to be drawn under outstanding letters of credit of 0.125% and a fee on unused commitments which ranges from 0.20% to 0.40%. On January 25, 2017, Varex borrowed $203 million under its credit facility and transferred $200.0 million to Varian. The Company intends to amend and increase its Credit Agreement to $600 million subsequent to the first fiscal quarter of 2017 in conjunction with the acquisition of PerkinElmer’s medical imaging business. On January 28, 2017, the Company entered into a commitment letter for the amended Credit Agreement.

BORROWINGS

On December 30, 2016, the Company did not have any debt.

Credit Facility

On January 25, 2017, the Company entered into a secured revolving credit facility in an aggregate principal amount of up to $100 million (the “Revolving Credit Facility”), which matures in five years, and a secured term loan credit facility in an aggregate principal amount of $200 million (the “Term Facility”), which is to be repaid over five years, with 7.5% payable in quarterly installments during the first two years, 10% payable in quarterly installments during the third and fourth years and 15% payable in quarterly installments in the fifth year. The credit agreement relating to the Revolving Credit Facility and the Term Facility (collectively the “Credit Agreement”) contains various customary restrictive covenants that will limit, among other things, the incurrence of indebtedness by Varex and its subsidiaries, the grant or incurrence of liens by Varex and its subsidiaries, the entry into sale and leaseback transactions by Varex and its subsidiaries, and the entry into certain fundamental change transactions by Varex and its subsidiaries. It also contains customary events of default and certain financial covenants, including the requirement to maintain certain financial ratios. The Credit Agreement is secured by the stock and assets of certain Varex subsidiaries. The Credit Agreement has several borrowing and interest rate options including the following indices: (i) the LIBOR rate, or (ii) the base rate (equal to the greater of the prime rate, the federal funds rate plus 0.50% or the LIBOR rate for a one-month period plus 1.00%). Loans under the Credit Agreement bear interest at a rate per annum using the applicable indices plus a varying interest rate margin of between 1.125% and 2.125%. The Credit Agreement also provides for fees applicable to amounts available to be drawn under outstanding letters of credit of 0.125% and a fee on unused commitments which ranges from 0.20% to 0.40%.

On January 25, 2017, Varex borrowed $203 million under its credit facility and transferred $200.0 million to Varian.

The Company intends to amend and increase its Credit Agreement to $600 million subsequent to the first fiscal quarter of 2017 in conjunction with the acquisition of PerkinElmer’s medical imaging business. On January 28, 2017, the Company entered into a commitment letter for the amended Credit Agreement.