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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 29, 2017
Sep. 30, 2016
Oct. 02, 2015
Revenues:      
Product $ 1,555.5 $ 1,583.9 $ 1,497.1
Service 1,112.7 1,037.2 993.6
Total revenues 2,668.2 2,621.1 2,490.7
Cost of revenues:      
Product 1,025.3 1,071.3 1,035.3
Service 487.3 436.9 423.3
Total cost of revenues 1,512.6 1,508.2 1,458.6
Gross margin 1,155.6 1,112.9 1,032.1
Operating expenses:      
Research and development 210.0 200.4 195.4
Selling, general and administrative 552.3 475.3 441.0
Impairment charges 51.4 2.2 0.0
Total operating expenses 813.7 677.9 636.4
Operating earnings 341.9 435.0 395.7
Interest income 13.6 17.2 13.5
Interest expense (10.7) (11.6) (7.9)
Earnings from continuing operations before taxes 344.8 440.6 401.3
Taxes on earnings 87.7 115.3 89.9
Net earnings from continuing operations 257.1 325.3 311.4
Net earnings (loss) from discontinued operations (6.8) 77.4 100.6
Net earnings 250.3 402.7 412.0
Less: Net earnings attributable to noncontrolling interests 0.7 0.4 0.5
Net earnings attributable to Varian $ 249.6 $ 402.3 $ 411.5
Net earnings (loss) per share - basic      
Continuing operations (in dollars per share) $ 2.78 $ 3.41 $ 3.13
Discontinued operations (in dollars per share) (0.08) 0.81 1.00
Net earnings per share - basic (in dollars per share) 2.70 4.22 4.13
Net earnings (loss) per share - diluted      
Continuing operations (in dollars per share) 2.75 3.39 3.10
Discontinued operations (in dollars per share) (0.07) 0.80 0.99
Net earnings per share - diluted (in dollars per share) $ 2.68 $ 4.19 $ 4.09
Shares used in the calculation of net earnings per share:      
Weighted average shares outstanding - basic (in shares) 92.5 95.4 99.7
Weighted average shares outstanding - diluted (in shares) 93.2 96.0 100.6