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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2017
Sep. 30, 2016
[1]
Current assets:    
Cash and cash equivalents $ 658.2 $ 811.4
Short-term investments 0.0 95.3
Accounts receivable, net of allowance for doubtful accounts of $42.2 at June 30, 2017 and $24.2 at September 30, 2016 747.5 769.6
Inventories 460.2 442.4
Prepaid expenses and other current assets 173.8 141.1
Current assets of discontinued operations 18.9 355.6
Total current assets 2,058.6 2,615.4
Property, plant and equipment, net 249.3 258.6
Goodwill 220.8 220.0
Intangible assets 74.2 84.1
Deferred tax assets 141.7 136.8
Other assets 309.3 227.0
Non-current assets of discontinued operations 5.1 272.9
Total assets 3,059.0 3,814.8
Current liabilities:    
Accounts payable 153.3 159.2
Accrued liabilities 354.9 383.6
Deferred revenues 643.9 608.6
Short-term borrowings 64.7 329.6
Current maturities of long-term debt 49.4 49.4
Current liabilities of discontinued operations 7.0 83.0
Total current liabilities 1,273.2 1,613.4
Long-term debt 249.9 286.9
Other long-term liabilities 141.6 155.8
Non-current liabilities of discontinued operations 0.0 4.2
Total liabilities 1,664.7 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; 91.7 and 93.7 shares issued and outstanding at June 30, 2017, and at September 30, 2016, respectively 91.7 93.7
Capital in excess of par value 698.7 678.6
Retained earnings 693.6 1,069.0
Accumulated other comprehensive loss (94.0) (100.8)
Total Varian stockholders' equity 1,390.0 1,740.5
Noncontrolling interests 4.3 3.7
Total equity 1,394.3 1,744.2
Total liabilities, redeemable noncontrolling interests and equity $ 3,059.0 $ 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.