XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 29, 2019
Mar. 30, 2018
Mar. 29, 2019
Mar. 30, 2018
Revenues:        
Total revenues $ 779.4 $ 729.9 $ 1,520.4 $ 1,408.4
Cost of revenues:        
Total cost of revenues 461.2 411.4 886.1 787.1
Gross margin 318.2 318.5 634.3 621.3
Operating expenses:        
Research and development 59.4 58.9 120.3 114.8
Selling, general and administrative 149.0 139.4 292.5 264.7
Impairment charges 0.0 11.1 0.0 11.1
Total operating expenses 208.4 209.4 412.8 390.6
Operating earnings 109.8 109.1 221.5 230.7
Interest income 4.0 3.6 7.9 6.8
Interest expense (1.0) (2.3) (2.2) (4.4)
Other income (expense), net 0.2 (14.8) 23.2 (15.0)
Earnings before taxes 113.0 95.6 250.4 218.1
Taxes on earnings 24.6 22.4 58.1 257.1
Net earnings (loss) 88.4 73.2 192.3 (39.0)
Less: Net earnings (loss) attributable to noncontrolling interests (0.2) 0.0 0.5 0.1
Net earnings (loss) attributable to Varian $ 88.6 $ 73.2 $ 191.8 $ (39.1)
Net earnings (loss) per share - basic (in dollars per share) $ 0.97 $ 0.80 $ 2.11 $ (0.43)
Net earnings (loss) per share - diluted (in dollars per share) $ 0.96 $ 0.79 $ 2.09 $ (0.43)
Shares used in the calculation of net earnings (loss) per share:        
Weighted average shares outstanding - basic (in shares) 91.0 91.5 91.0 91.6
Weighted average shares outstanding - diluted (in shares) 91.9 92.6 92.0 91.6
Product        
Revenues:        
Total revenues $ 430.5 $ 393.8 $ 830.7 $ 759.4
Cost of revenues:        
Cost of product and service 294.4 264.2 561.0 488.1
Service        
Revenues:        
Total revenues 348.9 336.1 689.7 649.0
Cost of revenues:        
Cost of product and service $ 166.8 $ 147.2 $ 325.1 $ 299.0