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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Jun. 29, 2018
Jun. 30, 2017
Jun. 29, 2018
Jun. 30, 2017
Revenues:        
Product $ 365.0 $ 320.2 $ 1,124.4 $ 994.3
Service 344.1 312.6 993.1 903.2
Total revenues 709.1 632.8 2,117.5 1,897.5
Cost of revenues:        
Product 242.5 225.6 730.6 678.7
Service 153.0 141.7 452.0 410.7
Total cost of revenues 395.5 367.3 1,182.6 1,089.4
Gross margin 313.6 265.5 934.9 808.1
Operating expenses:        
Research and development 59.5 55.1 174.3 158.3
Selling, general and administrative 138.9 121.4 397.4 414.1
Impairment charges 11.0 0.0 22.1 38.3
Acquisition-related expenses 12.7 0.5 33.9 1.4
Total operating expenses 222.1 177.0 627.7 612.1
Operating earnings 91.5 88.5 307.2 196.0
Interest income 1.8 2.9 8.6 10.4
Interest expense (1.3) (2.7) (5.7) (8.0)
Earnings from continuing operations before taxes 92.0 88.7 310.1 198.4
Taxes on earnings 19.5 18.8 276.6 51.0
Net earnings from continuing operations 72.5 69.9 33.5 147.4
Net loss from discontinued operations 0.0 0.0 0.0 (6.8)
Net earnings 72.5 69.9 33.5 140.6
Less: Net (loss) earnings attributable to noncontrolling interests (0.1) 0.2 0.0 0.7
Net earnings attributable to Varian $ 72.6 $ 69.7 $ 33.5 $ 139.9
Net earnings (loss) per share - basic        
Continuing operations (in dollars per share) $ 0.79 $ 0.76 $ 0.37 $ 1.58
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.08)
Net earnings (loss) per share - basic (in dollars per share) 0.79 0.76 0.37 1.50
Net earnings (loss) per share - diluted        
Continuing operations (in dollars per share) 0.79 0.75 0.36 1.57
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.07)
Net earnings (loss) per share - diluted (in dollars per share) $ 0.79 $ 0.75 $ 0.36 $ 1.50
Shares used in the calculation of net earnings per share:        
Weighted average shares outstanding - basic (in shares) 91.5 91.7 91.6 92.7
Weighted average shares outstanding - diluted (in shares) 92.5 92.4 92.6 93.5