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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 28, 2019
Jun. 29, 2018
Jun. 28, 2019
Jun. 29, 2018
Revenues:        
Total revenues $ 825.8 $ 709.1 $ 2,346.2 $ 2,117.5
Cost of revenues:        
Total cost of revenues 474.4 395.5 1,360.5 1,182.6
Gross margin 351.4 313.6 985.7 934.9
Operating expenses:        
Research and development 62.1 59.5 182.4 174.3
Selling, general and administrative 153.6 140.4 441.5 400.3
Impairment charges 50.6 11.0 50.6 22.1
Acquisition-related expenses and in-process research and development 31.2 12.7 35.8 33.9
Total operating expenses 297.5 223.6 710.3 630.6
Operating earnings 53.9 90.0 275.4 304.3
Interest income 3.7 1.8 11.6 8.6
Interest expense (1.8) (1.3) (4.0) (5.7)
Other income, net 4.2 1.5 27.4 2.9
Earnings before taxes 60.0 92.0 310.4 310.1
Taxes on earnings 30.5 19.5 88.6 276.6
Net earnings 29.5 72.5 221.8 33.5
Less: Net earnings (loss) attributable to noncontrolling interests 0.1 (0.1) 0.6 0.0
Net earnings attributable to Varian $ 29.4 $ 72.6 $ 221.2 $ 33.5
Net earnings per share - basic (in dollars per share) $ 0.32 $ 0.79 $ 2.43 $ 0.37
Net earnings per share - diluted (in dollars per share) $ 0.32 $ 0.79 $ 2.41 $ 0.36
Shares used in the calculation of net earnings per share:        
Weighted average shares outstanding - basic (in shares) 91.0 91.5 91.0 91.6
Weighted average shares outstanding - diluted (in shares) 91.8 92.5 91.9 92.6
Product        
Revenues:        
Total revenues $ 461.3 $ 365.0 $ 1,292.0 $ 1,124.4
Cost of revenues:        
Cost of product and service 298.0 242.5 859.0 730.6
Service        
Revenues:        
Total revenues 364.5 344.1 1,054.2 993.1
Cost of revenues:        
Cost of product and service $ 176.4 $ 153.0 $ 501.5 $ 452.0