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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 28, 2019
Sep. 28, 2018
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Current assets:    
Cash and cash equivalents $ 520.7 $ 504.8
Trade and unbilled receivables, net of allowance for doubtful accounts of $47.0 at June 28, 2019, and $41.1 at September 28, 2018 1,054.2 1,009.9
Inventories 529.3 438.1
Prepaid expenses and other current assets 237.0 233.3
Current assets of discontinued operations 0.0 2.3
Total current assets 2,341.2 2,188.4
Property, plant and equipment, net 307.4 274.6
Goodwill 566.9 293.6
Intangible assets 273.1 101.1
Deferred tax assets 93.9 102.2
Other assets 384.8 292.8
Total assets 3,967.3 3,252.7
Current liabilities:    
Accounts payable 226.1 190.3
Accrued liabilities 433.1 419.7
Deferred revenues 749.7 729.7
Short-term borrowings 400.0 0.0
Current maturities of long-term debt 1.0 0.0
Total current liabilities 1,809.9 1,339.7
Other long-term liabilities 400.1 324.3
Total liabilities 2,210.0 1,664.0
Commitments and contingencies (Note 8)
Equity:    
Preferred stock of $1 par value: 1.0 shares authorized; none issued and outstanding 0.0 0.0
Common stock of $1 par value: 189.0 shares authorized; 91.0 and 91.2 shares issued and outstanding at June 28, 2019, and September 28, 2018, respectively 91.0 91.2
Capital in excess of par value 831.4 778.1
Retained earnings 890.7 780.4
Accumulated other comprehensive loss (69.5) (65.3)
Total Varian stockholders' equity 1,743.6 1,584.4
Noncontrolling interest 13.7 4.3
Total equity 1,757.3 1,588.7
Total liabilities and equity $ 3,967.3 $ 3,252.7
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The condensed consolidated balance sheet as of September 28, 2018, was derived from audited financial statements as of that date, but does not include all disclosures required by accounting principles generally accepted in the United States of America.