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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 27, 2019
Sep. 28, 2018
Sep. 29, 2017
Revenues:      
Total revenues $ 3,225.1 $ 2,919.1 $ 2,619.3
Cost of revenues:      
Total cost of revenues 1,854.8 1,645.5 1,505.4
Gross margin 1,370.3 1,273.6 1,113.9
Operating expenses:      
Research and development 247.6 233.9 210.0
Selling, general and administrative 623.1 543.5 552.8
Impairment charges 50.6 22.4 51.4
Acquisition-related expenses and in-process research and development 62.8 36.4 1.9
Total operating expenses 984.1 836.2 816.1
Operating earnings 386.2 437.4 297.8
Interest income 15.1 17.3 13.6
Interest expense (8.8) (6.8) (10.7)
Nonoperating Income (Expense) 28.3 4.2 2.4
Earnings from continuing operations before taxes 420.8 452.1 303.1
Taxes on earnings 128.6 301.8 77.1
Net earnings from continuing operations 292.2 150.3 226.0
Net loss from discontinued operations 0.0 0.0 (6.8)
Net earnings 292.2 150.3 219.2
Less: Net earnings attributable to noncontrolling interests 0.3 0.4 0.7
Net earnings attributable to Varian $ 291.9 $ 149.9 $ 218.5
Net earnings (loss) per share - basic      
Continuing operations (in dollars per share) $ 3.21 $ 1.64 $ 2.44
Discontinued operations (in dollars per share) 0 0 (0.08)
Net earnings per share - basic (in dollars per share) 3.21 1.64 2.36
Net earnings (loss) per share - diluted      
Continuing operations (in dollars per share) 3.18 1.62 2.42
Discontinued operations (in dollars per share) 0 0 (0.07)
Net earnings per share - diluted (in dollars per share) $ 3.18 $ 1.62 $ 2.35
Shares used in the calculation of net earnings per share:      
Weighted average shares outstanding - basic (in shares) 91.0 91.5 92.5
Weighted average shares outstanding - diluted (in shares) 91.9 92.5 93.2
Product      
Revenues:      
Total revenues $ 1,784.1 $ 1,569.9 $ 1,394.0
Cost of revenues:      
Product and Service 1,169.9 1,024.4 950.9
Service      
Revenues:      
Total revenues 1,441.0 1,349.2 1,225.3
Cost of revenues:      
Product and Service $ 684.9 $ 621.1 $ 554.5