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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 30, 2018
Sep. 29, 2017
Current assets:    
Cash and cash equivalents $ 739.9 $ 716.2
Trade and unbilled receivables, net of allowance for doubtful accounts of $40.3 at March 30, 2018 and $45.9 at September 29, 2017 936.7 961.5
Inventories 433.8 417.7
Prepaid expenses and other current assets 226.4 190.3
Current assets of discontinued operations 8.6 11.1
Total current assets 2,345.4 2,296.8
Property, plant and equipment, net 247.0 255.3
Goodwill 236.2 222.6
Intangible assets 82.0 71.6
Deferred tax assets 114.9 147.3
Other assets 282.0 300.8
Total assets 3,307.5 3,294.4
Current liabilities:    
Accounts payable 164.9 162.3
Accrued liabilities 365.1 374.9
Deferred revenues 766.5 755.4
Short-term borrowings 230.0 350.0
Current liabilities of discontinued operations 3.7 2.5
Total current liabilities 1,530.2 1,645.1
Other long-term liabilities 320.7 127.4
Total liabilities 1,850.9 1,772.5
Commitments and contingencies (Note 10)
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; 91.7 shares issued and outstanding at both March 30, 2018, and at September 29, 2017, respectively 91.7 91.7
Capital in excess of par value 754.7 716.1
Retained earnings 664.2 778.6
Accumulated other comprehensive loss (58.4) (68.8)
Total Varian stockholders' equity 1,452.2 1,517.6
Noncontrolling interests 4.4 4.3
Total equity 1,456.6 1,521.9
Total liabilities and equity $ 3,307.5 $ 3,294.4