REVENUE RECOGNITION (Tables)

6 Months Ended

Mar. 29, 2019

Revenue from Contract with Customer [Abstract]

The beginning net cumulative-effect adjustment to the balance sheet for the adoption of ASC 606 is as follows:



	Balance at		Adjustment Due to			Balance at
(in millions)	September 28, 2018		ASC 606			September 29, 2018
Assets:
Prepaid expenses and other current assets	$	17.1	$	6.4		$	23.5
Other assets	16.5		18.0			34.5
Liabilities and Equity:
Deferred revenues	13.2		0.3			13.5
Accrued liabilities	47.5		7.1			54.6
Deferred tax liabilities	23.2		(0.8		)	22.4
Other long-term liabilities	8.5		21.3			29.8
Retained earnings	62.4		(3.5		)	58.9

The following tables compare the reported condensed consolidated balance sheet and statement of operations as of and for the three and six months ended March 29, 2019, to the amounts that would have been reported if ASC 605 had been in effect:



	March 29, 2019
(in millions)	Balance without Adoption		As Reported
Assets:
Prepaid expenses and other current assets	$	14.2	$	20.6
Other assets	$	11.9	$	29.8
Liabilities and equity:
Deferred revenues	$	12.8	$	12.9
Accrued liabilities	$	44.6	$	51.7
Deferred tax liabilities	$	19.8	$	19.0
Other long-term liabilities	$	6.4	$	27.6
Retained earnings	$	71.0	$	67.7



	Three Months Ended March 29, 2019		Six Months Ended March 29, 2019
(In millions)	Balance without Adoption	As Reported	Balance without Adoption	As Reported
Revenues	195.5	195.8	381.1	381.5
Cost of revenues	131.3	131.4	256.9	257.1
Taxes on earnings	1.9	1.9	3.0	3.0
Net earnings attributable to Varex	5.6	5.8	8.6	8.8

Disaggregation of Revenue by Geographic Location

The following table disaggregates the Company’s revenue by geographic region:



	Three Months Ended				Six Months Ended
(In millions)	March 29, 2019		March 30, 2018		March 29, 2019		March 30, 2018
Americas	$	74.2	$	70.6	$	142.6	$	134.3
EMEA	68.2		70.1		130.8		125.1
APAC	53.4		60.5		108.1		118.0
	$	195.8	$	201.2	$	381.5	$	377.4

Summary of Contract Asset and Liabilities

The following table summarizes the changes in the contract assets and contract liabilities for the three months ended March 29, 2019:



(In millions)	Contact Assets
Balance at September 29, 2018	$	24.4
Costs recovered from X-ray tube returns during the period	(3.0		)
Contract asset from shipments of X-ray tubes, subject to product return during the period	2.8
Balance at March 29, 2019	$	24.2



(In millions)	Contract Liabilities
Balance at September 29, 2018	$	41.9
Recognition of revenue included in beginning of year contract liability	(3.3		)
Additions to contract liabilities, net of revenue recognized during the period	2.6
Balance at March 29, 2019	$	41.2