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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 28, 2018
Sep. 29, 2017
Sep. 30, 2016
Revenues:      
Total revenues $ 2,919.1 $ 2,619.3 $ 2,593.7
Cost of revenues:      
Total cost of revenues 1,645.5 1,505.4 1,489.0
Gross margin 1,273.6 1,113.9 1,104.7
Operating expenses:      
Research and development 233.9 210.0 200.4
Selling, general and administrative 539.3 550.4 472.2
Impairment charges 22.4 51.4 2.2
Acquisition-related expenses 36.4 1.9 3.1
Total operating expenses 832.0 813.7 677.9
Operating earnings 441.6 300.2 426.8
Interest income 17.3 13.6 17.2
Interest expense (6.8) (10.7) (11.6)
Earnings from continuing operations before taxes 452.1 303.1 432.4
Taxes on earnings 301.8 77.1 110.1
Net earnings from continuing operations 150.3 226.0 322.3
Net (loss) earnings from discontinued operations 0.0 (6.8) 77.4
Net earnings 150.3 219.2 399.7
Less: Net earnings attributable to noncontrolling interests 0.4 0.7 0.4
Net (loss) earnings attributable to Varian $ 149.9 $ 218.5 $ 399.3
Net earnings (loss) per share - basic      
Continuing operations (in dollars per share) $ 1.64 $ 2.44 $ 3.38
Discontinued operations (in dollars per share) 0.00 (0.08) 0.81
Net earnings per share - basic (in dollars per share) 1.64 2.36 4.19
Net earnings (loss) per share - diluted      
Continuing operations (in dollars per share) 1.62 2.42 3.36
Discontinued operations (in dollars per share) 0.00 (0.07) 0.80
Net earnings per share - diluted (in dollars per share) $ 1.62 $ 2.35 $ 4.16
Shares used in the calculation of net earnings per share:      
Weighted average shares outstanding - basic (in shares) 91.5 92.5 95.4
Weighted average shares outstanding - diluted (in shares) 92.5 93.2 96.0
Product      
Revenues:      
Total revenues $ 1,569.9 $ 1,394.0 $ 1,435.9
Cost of revenues:      
Product and Service 1,024.4 950.9 988.5
Service      
Revenues:      
Total revenues 1,349.2 1,225.3 1,157.8
Cost of revenues:      
Product and Service $ 621.1 $ 554.5 $ 500.5