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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jul. 03, 2020
Sep. 27, 2019
Current assets:    
Cash and cash equivalents $ 87.4 $ 29.9
Accounts receivable, net 109.7 141.0
Inventories 283.2 248.2
Prepaid expenses and other current assets 18.6 19.3
Total current assets 498.9 438.4
Property, plant and equipment, net 145.5 142.3
Goodwill 290.8 290.8
Intangible assets, net 70.6 86.3
Investments in privately-held companies 50.9 53.6
Deferred tax assets 6.3 0.0
Operating lease right-of-use assets 29.6 0.0
Other assets 29.1 27.5
Total assets 1,121.7 1,038.9
Current liabilities:    
Accounts payable 79.8 58.2
Accrued liabilities and other current liabilities 69.5 75.7
Current operating lease liabilities 5.6 0.0
Current maturities of long-term debt 27.6 30.7
Deferred revenues 9.4 10.5
Total current liabilities 191.9 175.1
Long-term debt, net 389.5 364.4
Deferred tax liabilities 0.0 8.2
Operating lease liabilities 24.1 0.0
Other long-term liabilities 35.1 32.5
Total liabilities 640.6 580.2
Commitments and contingencies
Redeemable noncontrolling interests 10.8 10.5
Equity:    
Preferred stock, $.01 par value: 20,000,000 shares authorized, none issued 0.0 0.0
Common stock, $.01 par value: 150,000,000 shares authorized, shares issued and outstanding - 39,056,965 and 38,371,305 at July3, 2020 and September 27, 2019, respectively 0.4 0.4
Additional paid-in capital 427.2 371.8
Accumulated other comprehensive loss (3.1) (1.7)
Retained earnings 42.6 74.4
Total Varex equity 467.1 444.9
Noncontrolling interests 3.2 3.3
Total equity 470.3 448.2
Total liabilities, redeemable noncontrolling interests and equity $ 1,121.7 $ 1,038.9