Earnings Per Share (Tables)

12 Months Ended

Sep. 27, 2019

Earnings Per Share [Abstract]

Computation of Net Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted net earnings per share:

	Fiscal Years
(In millions, except per share amounts)	2019		2018		2017
Net earnings from continuing operations	$	292.2	$	150.3	$	226.0
Less: Net earnings from continuing operations attributable to noncontrolling interests	0.3		0.4		0.6
Net earnings from continuing operations attributable to Varian	291.9		149.9		225.4
Net loss from discontinued operations	—		—		(6.8		)
Less: Net earnings from discontinued operations attributable to noncontrolling interests	—		—		0.1
Net loss from discontinued operations attributable to Varian	$	—	$	—	$	(6.9	)
Net earnings attributable to Varian	$	291.9	$	149.9	$	218.5
Denominator:
Weighted average shares outstanding - basic	91.0		91.5		92.5
Dilutive effect of potential common shares	0.9		1.0		0.7
Weighted average shares outstanding - diluted	91.9		92.5		93.2
Net earnings (loss) per share attributable to Varian - basic
Continuing operations	$	3.21	$	1.64	$	2.44
Discontinued operations	—		—		(0.08		)
Net earnings per share - basic	$	3.21	$	1.64	$	2.36
Net earnings (loss) per share attributable to Varian - diluted
Continuing operations	$	3.18	$	1.62	$	2.42
Discontinued operations	—		—		(0.07		)
Net earnings per share - diluted	$	3.18	$	1.62	$	2.35
Anti-dilutive employee share-based awards, excluded	0.9		0.7		0.2