DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Mar. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table summarizes the key components of net loss from discontinued operations:

	Three Months Ended (1)			Six Months Ended
(In millions)	March 31, 2017			March 31, 2017
Revenues	$	42.5		$	194.0
Cost of revenues	24.6			117.3
Gross margin	17.9			76.7
Operating expenses (2)	29.7			76.1
Operating earnings	(11.8		)	0.6
Taxes on earnings	1.5			7.4
Net loss from discontinued operations	(13.3		)	(6.8		)
Less: Net earnings from discontinued operations attributable to noncontrolling interests	—			0.1
Net loss from discontinued operations attributable to Varian	$	(13.3	)	$	(6.9	)

⁽¹⁾  There was no activity in net loss from discontinued operations during the three and six months ended March 30, 2018.

⁽²⁾  Operating expenses included separation costs of $19.3 million and $34.2 million during the three and six months ended March 31, 2017, respectively. Separation costs include expenses for transaction advisory services, consulting services, restructuring and other expenses.

The following table summarizes the major classes of assets and liabilities of discontinued operations that were included in the Company's Condensed Consolidated Balance Sheets:

(In millions)	March 30, 2018		September 29, 2017
Assets:
Trade accounts receivable, net	$	7.1	$	8.1
Inventories	1.1		2.9
Prepaid expenses and other current assets	0.4		0.1
Current assets of discontinued operations	8.6		11.1
Total assets of discontinued operations	$	8.6	$	11.1
Liabilities:
Accounts payable	$	2.0	$	2.0
Accrued liabilities	1.7		0.5
Current liabilities of discontinued operations	3.7		2.5
Total liabilities of discontinued operations	$	3.7	$	2.5

The following table presents supplemental cash flow information of discontinued operations:

	Six Months Ended (1)
(In millions)	March 31, 2017
Operating activities:
Share-based compensation expense	$	2.0
Depreciation expense	4.4
Amortization expense	1.8
Investing activities:
Purchases of property, plant and equipment	$	(6.3	)

⁽¹⁾  There was no significant cash flow activity from discontinued operations during the six months ended March 30, 2018.