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OTHER FINANCIAL INFORMATION
6 Months Ended
Apr. 03, 2020
Other Financial Information [Abstract]  
OTHER FINANCIAL INFORMATION OTHER FINANCIAL INFORMATION 
Contracts with Customers
The following table provides the Company's unbilled receivables and deferred revenues from contracts with customers:
(In millions)April 3,
2020
September 27,
2019
Unbilled receivables - current$276.7  $346.7  
Unbilled receivables - long-term (1)
71.6  35.1  
Deferred revenues - current(798.1) (766.0) 
Deferred revenues - long-term (2)
(74.1) (73.1) 
Total net unbilled receivables (deferred revenues)$(523.9) $(457.3) 
(1)Included in other assets on the Company's Condensed Consolidated Balance Sheets.
(2)Included in other long-term liabilities on the Company's Condensed Consolidated Balance Sheets.
During the six months ended April 3, 2020, unbilled receivables decreased by $33.5 million, primarily due to the timing of billings in Oncology Systems, and deferred revenues increased by $33.1 million, primarily due to the contractual timing of billings occurring before the revenues were recognized.
During the three months and six months ended April 3, 2020, the Company recognized revenues of $162.4 million, and $476.9 million, respectively, which were included in the deferred revenues balances at September 27, 2019. During the three and six months ended March 29, 2019, the Company recognized revenues of $167.8 million and $431.2 million, respectively which were included in the deferred revenues balances at September 28, 2018.
Unfulfilled Performance Obligations
The following table represents the Company's unfulfilled performance obligations as of April 3, 2020, and the estimated revenues expected to be recognized in the future related to these unfulfilled performance obligations:
Fiscal Years of Revenue Recognition
(In millions)Remainder of 202020212022Thereafter
Unfulfilled Performance Obligations$1,174.3  $2,345.7  $1,006.5  $2,415.9  
The table above includes both product and service unfulfilled performance obligations, which includes a component of service performance obligations that has not been invoiced. The fiscal years presented reflect management’s best estimate of when the Company will transfer control to the customer and may change based on timing of shipment, readiness of customers’ facilities for installation, installation requirements and availability of products or customer acceptance terms.
Cash, Cash Equivalents, and Restricted Cash
The following table summarizes the Company's cash, cash equivalents and restricted cash:
(In millions)April 3,
2020
September 27,
2019
Cash and cash equivalents$667.8  $531.4  
Restricted cash - current (1)
4.8  4.2  
Restricted cash - long-term (2)
16.4  8.5  
  Total cash, cash equivalents, and restricted cash$689.0  $544.1  
(1)Included in prepaid expenses and other current assets on the Company's Condensed Consolidated Balance Sheets.
(2)Included in other assets on the Company's Condensed Consolidated Balance Sheets.
Inventories
The following table summarizes the Company's inventories:
(In millions)April 3,
2020
September 27,
2019
Raw materials and parts$412.6  $376.5  
Work-in-process80.8  71.8  
Finished goods110.6  103.2  
Total inventories$604.0  $551.5  
Other Long-Term Liabilities
The following table summarizes the Company's other long-term liabilities:
(In millions)April 3,
2020
September 27,
2019
Income taxes payable$168.7  $180.3  
Deferred income taxes75.4  75.3  
Deferred revenues74.1  73.1  
Contingent consideration34.0  42.3  
Defined benefit pension plan28.7  31.1  
Other42.2  38.0  
Total other long-term liabilities$423.1  $440.1  
Other Income (Expense), Net
The following table summarizes the Company's other income (expense), net:
Three Months EndedSix Months Ended
(In millions)April 3,
2020
March 29,
2019
April 3,
2020
March 29,
2019
Gain (loss) on equity investments$—  $(0.2) $1.4  $21.8  
Net foreign currency exchange gain (loss)(1.4) (0.5) 1.0  0.8  
Other, net0.5  0.9  1.1  0.6  
Total other income (expense), net$(0.9) $0.2  $3.5  $23.2