XML 35 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share
 12 Months Ended
Sep. 29, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted net earnings per share:
 
 
Fiscal Years
(In millions, except per share amounts)
 
2017
 
2016
 
2015
Net earnings from continuing operations
 
$
257.1

 
$
325.3

 
$
311.4

Less: Net earnings (loss) from continuing operations attributable to noncontrolling interests
 
0.6

 
(0.1
)
 
(0.2
)
Net earnings from continuing operations attributable to Varian
 
256.5

 
325.4

 
311.6


 
 
 
 
 
 
Net earnings (loss) from discontinued operations
 
(6.8
)
 
77.4

 
100.6

Less: Net earnings from discontinued operations attributable to noncontrolling interests
 
0.1

 
0.5

 
0.7

Net earnings (loss) from discontinued operations attributable to Varian
 
$
(6.9
)
 
$
76.9

 
$
99.9

Net earnings attributable to Varian
 
$
249.6

 
$
402.3

 
$
411.5

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted average shares outstanding - basic
 
92.5

 
95.4

 
99.7

Dilutive effect of potential common shares
 
0.7

 
0.6

 
0.9

Weighted average shares outstanding - diluted
 
93.2

 
96.0

 
100.6

 
 
 
 
 
 
 
Net earnings (loss) per share attributable to Varian - basic
 
 
 
 
 
 
Continuing operations
 
$
2.78

 
$
3.41

 
$
3.13

Discontinued operations
 
(0.08
)
 
0.81

 
1.00

Net earnings per share - basic
 
$
2.70

 
$
4.22

 
$
4.13

 
 
 
 
 
 
 
Net earnings (loss) per share attributable to Varian - diluted
 
 
 
 
 
 
Continuing operations
 
$
2.75

 
$
3.39

 
$
3.10

Discontinued operations
 
(0.07
)
 
0.80

 
0.99

Net earnings per share - diluted
 
$
2.68

 
$
4.19

 
$
4.09

Anti-dilutive employee share-based awards, excluded
 
0.2
 
1.6
 
1.0