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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 29, 2017
Sep. 29, 2017
Current assets:    
Cash and cash equivalents $ 822.6 $ 716.2
Trade and unbilled receivables, net of allowance for doubtful accounts of $42.6 at December 29, 2017 and $45.9 at September 29, 2017 880.1 961.5
Inventories 431.4 417.7
Prepaid expenses and other current assets 206.2 190.3
Current assets of discontinued operations 11.3 11.1
Total current assets 2,351.6 2,296.8
Property, plant and equipment, net 250.4 255.3
Goodwill 223.4 222.6
Intangible assets 65.6 71.6
Deferred tax assets 112.8 147.3
Other assets 296.0 300.8
Total assets 3,299.8 3,294.4
Current liabilities:    
Accounts payable 152.0 162.3
Accrued liabilities 350.0 374.9
Deferred revenues 772.3 755.4
Short-term borrowings 340.0 350.0
Current liabilities of discontinued operations 2.1 2.5
Total current liabilities 1,616.4 1,645.1
Other long-term liabilities 292.4 127.4
Total liabilities 1,908.8 1,772.5
Commitments and contingencies (Note 9)
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; 91.6 and 91.7 shares issued and outstanding at December 29, 2017, and at September 29, 2017, respectively 91.6 91.7
Capital in excess of par value 740.5 716.1
Retained earnings 620.2 778.6
Accumulated other comprehensive loss (65.7) (68.8)
Total Varian stockholders' equity 1,386.6 1,517.6
Noncontrolling interests 4.4 4.3
Total equity 1,391.0 1,521.9
Total liabilities and equity $ 3,299.8 $ 3,294.4