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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Jun. 29, 2018
Accounting Policies [Abstract]  
Schedule of Unfulfilled Performance Obligations
The following table represents the Company's unfulfilled performance obligations as of June 29, 2018 and the estimated revenue expected to be recognized in the future related to these unfulfilled performance obligations:
 
Fiscal years of revenue recognition
(In millions)
Remainder of 2018
 
2019
 
2020
 
Thereafter
Unfulfilled Performance Obligations
$
465.3

 
$
2,447.9

 
$
1,022.9

 
$
1,807.7
Schedule of Adoption of ASC 606
The Company has recast its condensed consolidated financial statements from amounts previously reported due to the adoption of ASC 606. Select Condensed Consolidated Statements of Earnings line items, which reflect the adoption of ASC 606 are as follows:
 
Three Months Ended
 
Nine Months Ended
 
June 30, 2017
 
June 30, 2017
(In millions, except per share amounts)
As Previously Reported
 
Adjustments
 
As Adjusted
 
As Previously Reported
 
Adjustments
 
As Adjusted
Revenues:
 
 
 
 
 
 
 
 
 
 
 
Product
$
383.4

 
$
(63.2
)
 
$
320.2

 
$
1,113.1

 
$
(118.8
)
 
$
994.3

Service
279.0

 
33.6

 
312.6

 
816.1

 
87.1

 
903.2

Total revenues
662.4

 
(29.6
)
 
632.8

 
1,929.2

 
(31.7
)
 
1,897.5

Cost of revenues:
 
 
 
 
 
 
 
 
 
 
 
Product
248.4

 
(22.8
)
 
225.6

 
727.0

 
(48.3
)
 
678.7

Service
120.7

 
21.0

 
141.7

 
357.9

 
52.8

 
410.7

Total cost of revenues
369.1

 
(1.8
)
 
367.3

 
1,084.9

 
4.5

 
1,089.4

Gross margin
293.3

 
(27.8
)
 
265.5

 
844.3

 
(36.2
)
 
808.1

Earnings from continuing operations before taxes
116.5

 
(27.8
)
 
88.7

 
234.6

 
(36.2
)
 
198.4

Taxes on earnings
25.9

 
(7.1
)
 
18.8

 
60.2

 
(9.2
)
 
51.0

Net earnings from continuing operations
90.6

 
(20.7
)
 
69.9

 
174.4

 
(27.0
)
 
147.4

Net loss from discontinued operations
—

 
—

 
—

 
(6.8
)
 
—

 
(6.8
)
Net earnings
$
90.6

 
$
(20.7
)
 
$
69.9

 
$
167.6

 
$
(27.0
)
 
$
140.6

Net earnings attributable to Varian
$
90.4

 
$
(20.7
)
 
$
69.7

 
$
166.9

 
$
(27.0
)
 
$
139.9

 
 
 
 
 
 
 
 
 
 
 
 
Diluted net earnings per share from continuing operations attributable to Varian
$
0.98

 
$
(0.23
)
 
$
0.75

 
$
1.86

 
$
(0.29
)
 
$
1.57

Select Condensed Consolidated Statements of Balance Sheet line items, which reflect the adoption of ASC 606 are as follows:
 
September 29, 2017
(In millions)
As Previously Reported
 
Adjustments
 
As Adjusted
Assets:
 
 
 
 
 
Trade and unbilled receivables, net
$
823.5

 
$
138.0

 
$
961.5

Inventories
439.7

 
(22.0
)
 
417.7

Prepaid expenses and other current assets
199.8

 
(9.5
)
 
190.3

Deferred tax assets
138.8

 
8.5

 
147.3

 
 
 
 
 
 
Liabilities and Equity:
 
 
 
 
 
Accrued liabilities
394.7

 
(19.8
)
 
374.9

Deferred revenues
640.6

 
114.8

 
755.4

Other long-term liabilities
130.0

 
(2.6
)
 
127.4

Retained earnings
756.0

 
22.6

 
778.6