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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 28, 2018
Accounting Policies [Abstract]  
Schedule of Unfulfilled Performance Obligations
The following table represents the Company's unfulfilled performance obligations as of September 28, 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)
2019
 
2020
 
2021
 
Thereafter
Unfulfilled Performance Obligations
$
2,501.5

 
$
1,485.6

 
$
572.4

 
$
1,527.4

Schedule of Adoption of ASC 606
The Company has recast its consolidated financial statements from amounts previously reported due to the adoption of ASC 606. Select Consolidated Statements of Earnings line items, which reflect the adoption of ASC 606 are as follows:
 
Fiscal Year 2017
(In millions, except per share amounts)
As Previously Reported
 
Adjustments
 
As Adjusted
Revenues:
 
 
 
 
 
Product
$
1,555.5

 
$
(161.5
)
 
$
1,394.0

Service
1,112.7

 
112.6

 
1,225.3

Total revenues
2,668.2

 
(48.9
)
 
2,619.3

Cost of revenues:
 
 
 
 
 
Product
1,025.3

 
(74.4
)
 
950.9

Service
487.3

 
67.2

 
554.5

Total cost of revenues
1,512.6

 
(7.2
)
 
1,505.4

Gross margin
1,155.6

 
(41.7
)
 
1,113.9

Earnings from continuing operations before taxes
344.8

 
(41.7
)
 
303.1

Taxes on earnings
87.7

 
(10.6
)
 
77.1

Net earnings from continuing operations
257.1

 
(31.1
)
 
226.0

Net loss from discontinued operations
(6.8
)
 

 
(6.8
)
Net earnings
$
250.3

 
$
(31.1
)
 
$
219.2

Net earnings attributable to Varian
$
249.6

 
$
(31.1
)
 
$
218.5

Diluted net earnings per share from continuing operations attributable to Varian
$
2.75

 
$
(0.33
)
 
$
2.42

 
Fiscal Year 2016
(In millions, except per share amounts)
As Previously Reported
 
Adjustments
 
As Adjusted
Revenues:
 
 
 
 
 
Product
$
1,583.9

 
$
(148.0
)
 
$
1,435.9

Service
1,037.2

 
120.6

 
1,157.8

Total revenues
2,621.1

 
(27.4
)
 
2,593.7

Cost of revenues:
 
 
 
 
 
Product
1,071.3

 
(82.8
)
 
988.5

Service
436.9

 
63.6

 
500.5

Total cost of revenues
1,508.2

 
(19.2
)
 
1,489.0

Gross margin
1,112.9

 
(8.2
)
 
1,104.7

Earnings from continuing operations before taxes
440.6

 
(8.2
)
 
432.4

Taxes on earnings
115.3

 
(5.2
)
 
110.1

Net earnings from continuing operations
325.3

 
(3.0
)
 
322.3

Net loss from discontinued operations
77.4

 

 
77.4

Net earnings
$
402.7

 
$
(3.0
)
 
$
399.7

Net earnings attributable to Varian
$
402.3

 
$
(3.0
)
 
$
399.3

Diluted net earnings per share from continuing operations attributable to Varian
$
3.39

 
$
(0.03
)
 
$
3.36

Select 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