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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 03, 2015
Sep. 26, 2014
[1]
Current assets:    
Cash and cash equivalents $ 951,437 $ 849,275
Short-term investment 71,699 66,176
Accounts receivable, net of allowance for doubtful accounts of $23,081 at July 3, 2015 and $20,317 at September 26, 2014 673,706 731,929
Inventories 640,101 572,261
Prepaid expenses and other current assets 187,130 148,562
Deferred tax assets 124,862 125,962
Total current assets 2,648,935 2,494,165
Property, plant and equipment, net 343,417 337,999
Goodwill 241,734 240,626
Other assets 297,493 284,500
Total assets 3,531,579 3,357,290
Current liabilities:    
Accounts payable 180,468 187,377
Accrued expenses 292,901 324,409
Deferred revenues 467,200 421,845
Advance payments from customers 161,677 170,724
Product warranty 41,949 47,299
Short-term borrowings 94,451 0
Current maturities of long-term debt 50,000 50,000
Total current liabilities 1,288,646 1,201,654
Long-term debt 350,000 387,500
Other long-term liabilities 149,999 151,716
Total liabilities $ 1,788,645 $ 1,740,870
Commitments and contingencies (Note 8)    
Equity:    
Preferred stock of $1 par value: 1,000 shares authorized; none issued and outstanding $ 0 $ 0
Common stock of $1 par value: 189,000 shares authorized; 99,511 and 100,942 shares issued and outstanding at July 3, 2015 and at September 26, 2014, respectively 99,511 100,942
Capital in excess of par value 698,991 642,848
Retained earnings 1,016,547 931,241
Accumulated other comprehensive loss (86,483) (58,611)
Total Varian stockholders' equity 1,728,566 1,616,420
Noncontrolling interests 14,368 0
Total equity 1,742,934 1,616,420
Total liabilities and equity $ 3,531,579 $ 3,357,290
[1] The condensed consolidated balance sheet as of September 26, 2014 was derived from audited financial statements as of that date, but does not include all disclosures required by accounting principles generally accepted in the United States of America.