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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 30, 2016
Sep. 30, 2016
[1]
Current assets:    
Cash and cash equivalents $ 814.7 $ 843.5
Short-term investments 0.0 95.3
Accounts receivable, net of allowance for doubtful accounts of $43.1 at December 30, 2016 and $24.4 at September 30, 2016 801.7 891.8
Inventories 661.6 639.7
Prepaid expenses and other current assets 143.3 145.1
Total current assets 2,421.3 2,615.4
Property, plant and equipment, net 375.1 379.2
Goodwill 291.7 294.7
Intangible assets 99.4 104.7
Deferred tax assets 150.8 138.9
Other assets 346.5 281.9
Total assets 3,684.8 3,814.8
Current liabilities:    
Accounts payable 174.8 201.1
Accrued liabilities 383.1 412.7
Deferred revenues 633.6 620.6
Short-term borrowings 270.7 329.6
Current maturities of long-term debt 61.9 49.4
Total current liabilities 1,524.1 1,613.4
Long-term debt 274.6 286.9
Other long-term liabilities 146.8 160.0
Total liabilities 1,945.5 2,060.3
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests 10.3 10.3
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; 93.5 and 93.7 shares issued and outstanding at December 30, 2016 and at September 30, 2016, respectively 93.5 93.7
Capital in excess of par value 694.5 678.6
Retained earnings 1,049.9 1,069.0
Accumulated other comprehensive loss (113.1) (100.8)
Total Varian stockholders' equity 1,724.8 1,740.5
Noncontrolling interests 4.2 3.7
Total equity 1,729.0 1,744.2
Total liabilities, redeemable noncontrolling interests and equity $ 3,684.8 $ 3,814.8
[1] The condensed consolidated balance sheet as of September 30, 2016 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.