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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 30, 2018
Mar. 31, 2017
Mar. 30, 2018
Mar. 31, 2017
Revenues:        
Product $ 393.8 $ 364.9 $ 759.4 $ 674.1
Service 336.1 298.3 649.0 590.6
Total revenues 729.9 663.2 1,408.4 1,264.7
Cost of revenues:        
Product 264.2 246.9 488.1 453.1
Service 147.2 140.7 299.0 269.0
Total cost of revenues 411.4 387.6 787.1 722.1
Gross margin 318.5 275.6 621.3 542.6
Operating expenses:        
Research and development 58.9 53.3 114.8 103.2
Selling, general and administrative 134.5 131.6 258.5 292.7
Impairment charges 11.1 0.0 11.1 38.3
Acquisition-related expenses 19.7 0.6 21.2 0.9
Total operating expenses 224.2 185.5 405.6 435.1
Operating earnings 94.3 90.1 215.7 107.5
Interest income 3.6 2.7 6.8 7.5
Interest expense (2.3) (2.4) (4.4) (5.3)
Earnings from continuing operations before taxes 95.6 90.4 218.1 109.7
Taxes on earnings 22.4 20.9 257.1 32.2
Net earnings (loss) from continuing operations 73.2 69.5 (39.0) 77.5
Net loss from discontinued operations 0.0 (13.3) 0.0 (6.8)
Net earnings (loss) 73.2 56.2 (39.0) 70.7
Less: Net (loss) earnings attributable to noncontrolling interests 0.0 (0.1) 0.1 0.5
Net earnings (loss) attributable to Varian $ 73.2 $ 56.3 $ (39.1) $ 70.2
Net earnings (loss) per share - basic        
Continuing operations (in dollars per share) $ 0.80 $ 0.75 $ (0.43) $ 0.83
Discontinued operations (in dollars per share) 0.00 (0.15) 0.00 (0.08)
Net earnings (loss) per share - basic (in dollars per share) 0.80 0.60 (0.43) 0.75
Net earnings (loss) per share - diluted        
Continuing operations (in dollars per share) 0.79 0.74 (0.43) 0.82
Discontinued operations (in dollars per share) 0.00 (0.14) 0.00 (0.08)
Net earnings (loss) per share - diluted (in dollars per share) $ 0.79 $ 0.60 $ (0.43) $ 0.74
Shares used in the calculation of net earnings per share:        
Weighted average shares outstanding - basic (in shares) 91.5 93.0 91.6 93.2
Weighted average shares outstanding - diluted (in shares) 92.6 93.7 91.6 93.9