XML 108 R5.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 27, 2019
Sep. 28, 2018
Current assets:    
Cash and cash equivalents $ 531.4 $ 504.8
Trade and unbilled receivables, net of allowance for doubtful accounts of $46.5 at September 27, 2019, and $41.1 at September 28, 2018 1,106.3 1,009.9
Inventories 551.5 438.1
Prepaid expenses and other current assets 206.2 233.3
Current assets of discontinued operations 0.0 2.3
Total current assets 2,395.4 2,188.4
Property, plant and equipment, net 311.5 274.6
Goodwill 612.2 293.6
Intangible assets, net 300.7 101.1
Deferred tax assets 84.7 102.2
Other assets 397.2 292.8
Total assets 4,101.7 3,252.7
Current liabilities:    
Accounts payable 248.5 190.3
Accrued liabilities 459.5 419.7
Deferred revenues 766.0 729.7
Short-term borrowings 410.0 0.0
Total current liabilities 1,884.0 1,339.7
Other long-term liabilities 440.1 324.3
Total liabilities 2,324.1 1,664.0
Commitments and contingencies
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; 90.8 and 91.2 shares issued and outstanding at September 27, 2019, and at September 28, 2018, respectively 90.8 91.2
Capital in excess of par value 845.6 778.1
Retained earnings 934.0 780.4
Accumulated other comprehensive loss (102.1) (65.3)
Total Varian stockholders' equity 1,768.3 1,584.4
Noncontrolling interests 9.3 4.3
Total equity 1,777.6 1,588.7
Total liabilities and equity $ 4,101.7 $ 3,252.7