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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2017
Sep. 30, 2016
[1]
Current assets:    
Cash and cash equivalents $ 705.5 $ 811.4
Short-term investments 0.0 95.3
Accounts receivable, net of allowance for doubtful accounts of $42.8 at March 31, 2017 and $24.2 at September 30, 2016 761.5 769.6
Inventories 453.7 442.4
Prepaid expenses and other current assets 206.9 141.1
Current assets of discontinued operations 13.9 355.6
Total current assets 2,141.5 2,615.4
Property, plant and equipment, net 252.6 258.6
Goodwill 217.6 220.0
Intangible assets 76.6 84.1
Deferred tax assets 138.0 136.8
Other assets 287.2 227.0
Non-current assets of discontinued operations 5.3 272.9
Total assets 3,118.8 3,814.8
Current liabilities:    
Accounts payable 144.0 159.2
Accrued liabilities 345.8 383.6
Deferred revenues 642.5 608.6
Short-term borrowings 219.9 329.6
Current maturities of long-term debt 49.4 49.4
Current liabilities of discontinued operations 3.8 83.0
Total current liabilities 1,405.4 1,613.4
Long-term debt 277.2 286.9
Other long-term liabilities 143.6 155.8
Non-current liabilities of discontinued operations 0.0 4.2
Total liabilities 1,826.2 2,060.3
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests of discontinued operations 0.0 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; 91.8 and 93.7 shares issued and outstanding at March 31, 2017 and at September 30, 2016, respectively 91.8 93.7
Capital in excess of par value 667.5 678.6
Retained earnings 638.6 1,069.0
Accumulated other comprehensive loss (109.4) (100.8)
Total Varian stockholders' equity 1,288.5 1,740.5
Noncontrolling interests 4.1 3.7
Total equity 1,292.6 1,744.2
Total liabilities, redeemable noncontrolling interests and equity $ 3,118.8 $ 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.