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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Oct. 02, 2020
Sep. 27, 2019
Sep. 28, 2018
Revenues:      
Total revenues $ 3,168.2 $ 3,225.1 $ 2,919.1
Cost of revenues:      
Total cost of revenues 1,791.0 1,854.8 1,645.5
Gross margin 1,377.2 1,370.3 1,273.6
Operating expenses:      
Research and development 280.6 247.6 233.9
Selling, general and administrative 671.8 623.1 543.5
Impairment and restructuring charges 77.0 50.6 22.4
Acquisition-related expenses and in-process research and development 24.6 62.8 36.4
Total operating expenses 1,054.0 984.1 836.2
Operating earnings 323.2 386.2 437.4
Interest income 10.4 15.1 17.3
Interest expense (14.0) (8.8) (6.8)
Other income, net 38.7 28.3 4.2
Earnings before taxes 358.3 420.8 452.1
Taxes on earnings 88.9 128.6 301.8
Net earnings 269.4 292.2 150.3
Less: Net earnings attributable to noncontrolling interests 0.2 0.3 0.4
Net earnings attributable to Varian $ 269.2 $ 291.9 $ 149.9
Net earnings attributable to Varian      
Net earnings per share - basic (in dollars per share) $ 2.96 $ 3.21 $ 1.64
Net earnings per share - diluted (in dollars per share) $ 2.94 $ 3.18 $ 1.62
Shares used in the calculation of net earnings per share:      
Weighted average shares outstanding - basic (in shares) 90.9 91.0 91.5
Weighted average shares outstanding - diluted (in shares) 91.5 91.9 92.5
Product      
Revenues:      
Total revenues $ 1,587.8 $ 1,784.1 $ 1,569.9
Cost of revenues:      
Total cost of revenues 1,055.4 1,169.9 1,024.4
Service      
Revenues:      
Total revenues 1,580.4 1,441.0 1,349.2
Cost of revenues:      
Total cost of revenues $ 735.6 $ 684.9 $ 621.1