CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 03, 2020	Sep. 27, 2019
Current assets:
Cash and cash equivalents	$ 769.2	$ 531.4
Trade and unbilled receivables, net of allowance for doubtful accounts of $50.1 and $46.5 at July 3, 2020 and September 27, 2019, respectively	987.4	1,106.3
Inventories	600.4	551.5
Prepaid expenses and other current assets	274.7	206.2
Total current assets	2,631.7	2,395.4
Property, plant and equipment, net	346.3	311.5
Operating lease right-of-use assets	123.6	0.0
Goodwill	607.4	612.2
Intangible assets	265.7	300.7
Deferred tax assets	92.3	84.7
Other assets	387.4	397.2
Total assets	4,454.4	4,101.7
Current liabilities:
Accounts payable	164.5	248.5
Accrued liabilities	468.5	459.5
Deferred revenues	778.4	766.0
Short-term borrowings	580.0	410.0
Total current liabilities	1,991.4	1,884.0
Long-term lease liabilities	102.6	0.0
Other long-term liabilities	417.3	440.1
Total liabilities	2,511.3	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; 90.9 and 90.8 shares issued and outstanding at July 3, 2020 and September 27, 2019, respectively	90.9	90.8
Capital in excess of par value	901.2	845.6
Retained earnings	1,054.9	934.0
Accumulated other comprehensive loss	(113.5)	(102.1)
Total Varian stockholders' equity	1,933.5	1,768.3
Noncontrolling interest	9.6	9.3
Total equity	1,943.1	1,777.6
Total liabilities and equity	$ 4,454.4	$ 4,101.7