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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2016
Oct. 02, 2015
Sep. 26, 2014
Revenues:      
Product $ 2,142.3 $ 2,077.9 $ 2,083.8
Service 1,075.5 1,021.2 966.0
Total revenues 3,217.8 3,099.1 3,049.8
Cost of revenues:      
Product 1,411.9 1,390.2 1,314.6
Service 444.6 426.2 433.5
Total cost of revenues 1,856.5 1,816.4 1,748.1
Gross margin 1,361.3 1,282.7 1,301.7
Operating expenses:      
Research and development 253.5 245.2 234.8
Selling, general and administrative 540.1 488.5 470.6
Separation costs 16.9 0.0 0.0
Litigation settlement 0.0 0.0 25.1
Total operating expenses 810.5 733.7 730.5
Operating earnings 550.8 549.0 571.2
Interest income 17.4 13.6 10.5
Interest expense (11.8) (7.9) (7.2)
Earnings before taxes 556.4 554.7 574.5
Taxes on earnings 153.7 142.7 170.8
Net earnings 402.7 412.0 403.7
Less: Net earnings attributable to noncontrolling interests 0.4 0.5 0.0
Net earnings attributable to Varian $ 402.3 $ 411.5 $ 403.7
Net earnings per share - basic (in dollars per share) $ 4.22 $ 4.13 $ 3.88
Net earnings per share - diluted (in dollars per share) $ 4.19 $ 4.09 $ 3.83
Shares used in the calculation of net earnings per share:      
Weighted average shares outstanding - basic (in shares) 95.4 99.7 104.0
Weighted average shares outstanding - diluted (in shares) 96.0 100.6 105.3