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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jan. 03, 2020
Sep. 27, 2019
Current assets:    
Cash and cash equivalents $ 721.9 $ 531.4
Trade and unbilled receivables, net of allowance for doubtful accounts of $47.0 and $46.5 at January 3, 2020 and September 27, 2019, respectively 1,079.2 1,106.3
Inventories 597.4 551.5
Prepaid expenses and other current assets 248.5 206.2
Total current assets 2,647.0 2,395.4
Property, plant and equipment, net   311.5
Property, plant and equipment, net 330.3  
Operating lease right-of-use assets 114.1  
Goodwill 612.4 612.2
Intangible assets 290.9 300.7
Deferred tax assets 85.7 84.7
Other assets 370.3 397.2
Total assets 4,450.7 4,101.7
Current liabilities:    
Accounts payable 215.3 248.5
Accrued liabilities 471.2 459.5
Deferred revenues 817.9 766.0
Short-term borrowings 542.0 410.0
Total current liabilities 2,046.4 1,884.0
Long-term lease liabilities 93.7  
Other long-term liabilities 453.3 440.1
Total liabilities 2,593.4 2,324.1
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; 90.7 and 90.8 shares issued and outstanding at January 3, 2020 and September 27, 2019, respectively 90.7 90.8
Capital in excess of par value 870.4 845.6
Retained earnings 983.2 934.0
Accumulated other comprehensive loss (97.0) (102.1)
Total Varian stockholders' equity 1,847.3 1,768.3
Noncontrolling interest 10.0 9.3
Total equity 1,857.3 1,777.6
Total liabilities and equity $ 4,450.7 $ 4,101.7