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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2016
Oct. 02, 2015
Current assets:    
Cash and cash equivalents $ 843.5 $ 845.5
Short-term investments 95.3 0.0
Accounts receivable, net of allowance for doubtful accounts of $24.4 at September 30, 2016 and $21.2 at October 2, 2015 891.8 770.9
Inventories 639.7 612.6
Prepaid expenses and other current assets 145.7 164.0
Total current assets 2,616.0 2,393.0
Property, plant and equipment, net 379.2 379.2
Goodwill 294.7 283.5
Intangible assets 104.7 72.6
Deferred tax assets 138.9 119.4
Other assets 282.5 331.0
Total assets 3,816.0 3,578.7
Current liabilities:    
Accounts payable 201.1 202.9
Accrued liabilities 412.7 347.2
Deferred revenues 620.6 668.2
Short-term borrowings 329.6 108.4
Current maturities of long-term debt 50.0 50.0
Total current liabilities 1,614.0 1,376.7
Long-term debt 287.5 337.5
Other long-term liabilities 160.0 138.2
Total liabilities 2,061.5 1,852.4
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests 10.3 0.0
Equity:    
Preferred stock of $1 par value: 1 shares authorized; none issued and outstanding 0.0 0.0
Common stock of $1 par value: 189.0 shares authorized; 93.7 and 98.1 shares issued and outstanding at September 30, 2016 and at October 2, 2015, respectively 93.7 98.1
Capital in excess of par value 678.6 682.2
Retained earnings 1,069.0 1,017.8
Accumulated other comprehensive loss (100.8) (86.5)
Total Varian stockholders' equity 1,740.5 1,711.6
Noncontrolling interests 3.7 14.7
Total equity 1,744.2 1,726.3
Total liabilities, redeemable noncontrolling interests and equity $ 3,816.0 $ 3,578.7