10-Q Filing

VARIAN MEDICAL SYSTEMS INC CIK: 203527 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0000203527-21-000010`
Period End Date	20201231
Filing Date	20210209
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	var-20210101_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 40 Cash Flow Statement 68 Stockholders Equity 26 Comprehensive Income 32

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Trade and unbilled receivables, allowance for credit loss, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$55.20M	USD	Point-in-time
Trade and unbilled receivables, allowance for credit loss, current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$52.30M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$766.10M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$773.30M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade and unbilled receivables, less allowance for credit losses of $55.2 and $52.3 at January 1, 2021 and October 2, 2020, respectively	`AccountsReceivableNetCurrent`	$1.03B	USD	Point-in-time
Trade and unbilled receivables, less allowance for credit losses of $55.2 and $52.3 at January 1, 2021 and October 2, 2020, respectively	`AccountsReceivableNetCurrent`	$1.07B	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$516.30M	USD	Point-in-time
Inventories	`InventoryNet`	$571.70M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$267.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$254.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.60B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.64B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	189.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	189.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	91.80M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$346.50M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	91.20M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$344.90M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	91.20M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$121.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	91.80M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$119.50M	USD	Point-in-time
Goodwill	`Goodwill`	$623.90M	USD	Point-in-time
Goodwill	`Goodwill`	$627.70M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$271.30M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$265.00M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$65.40M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$81.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$416.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$460.70M	USD	Point-in-time
Total assets	`Assets`	$4.53B	USD	Point-in-time
Total assets	`Assets`	$4.46B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$206.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$194.90M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$522.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$482.70M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$782.20M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$845.70M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$210.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$355.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.74B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.85B	USD	Point-in-time
Long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$101.10M	USD	Point-in-time
Long-term lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$101.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$431.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$421.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.28B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.38B	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock of $1 par value: 1.0 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock of $1 par value: 1.0 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock of $1 par value: 189.0 shares authorized; 91.8 and 91.2 shares issued and outstanding at January 1, 2021 and October 2, 2020, respectively	`CommonStockValue`	$91.80M	USD	Point-in-time
Common stock of $1 par value: 189.0 shares authorized; 91.8 and 91.2 shares issued and outstanding at January 1, 2021 and October 2, 2020, respectively	`CommonStockValue`	$91.20M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$937.00M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$997.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.23B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.13B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-85.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-76.80M	USD	Point-in-time
Total Varian stockholders' equity	`StockholdersEquity`	$2.24B	USD	Point-in-time
Total Varian stockholders' equity	`StockholdersEquity`	$2.08B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$9.50M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$9.30M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.46B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.53B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$778.80M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$828.90M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$419.80M	USD	1 Quarter
Total cost of revenues	`CostOfGoodsAndServicesSold`	$462.10M	USD	1 Quarter
Gross margin	`GrossProfit`	$359.00M	USD	1 Quarter
Gross margin	`GrossProfit`	$366.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$67.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$72.20M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$177.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$161.90M	USD	1 Quarter
Acquisition-related expenses	`AcquisitionRelatedExpenseBenefit`	$12.70M	USD	1 Quarter
Acquisition-related expenses	`AcquisitionRelatedExpenseBenefit`	$7.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$256.80M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$241.80M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$110.00M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$117.20M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.70M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$5.70M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$4.40M	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$112.70M	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$124.40M	USD	1 Quarter
Taxes on earnings	`IncomeTaxExpenseBenefit`	$23.80M	USD	1 Quarter
Taxes on earnings	`IncomeTaxExpenseBenefit`	$27.60M	USD	1 Quarter
Net earnings	`ProfitLoss`	$88.90M	USD	1 Quarter
Net earnings	`ProfitLoss`	$96.80M	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$300.00K	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$700.00K	USD	1 Quarter
Net earnings attributable to Varian	`NetIncomeLoss`	$88.20M	USD	1 Quarter
Net earnings attributable to Varian	`NetIncomeLoss`	$96.50M	USD	1 Quarter
Net earnings per share - basic (in dollars per share)	`EarningsPerShareBasic`	$1.06	USD	1 Quarter
Net earnings per share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.05	USD	1 Quarter
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	91.40M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.90M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.20M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	91.70M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$88.90M	USD	1 Quarter
Net earnings	`ProfitLoss`	$96.80M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$14.90M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$16.70M	USD	1 Quarter
Depreciation	`Depreciation`	$16.00M	USD	1 Quarter
Depreciation	`Depreciation`	$15.00M	USD	1 Quarter
Amortization of intangible assets and inventory step-up	`AmortizationOfIntangibleAssetsAndInventoryStepUp`	$9.80M	USD	1 Quarter
Amortization of intangible assets and inventory step-up	`AmortizationOfIntangibleAssetsAndInventoryStepUp`	$10.20M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$14.90M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.80M	USD	1 Quarter
Gain on equity investments	`GainOnEquityInvestments`	$9.20M	USD	1 Quarter
Gain on equity investments	`GainOnEquityInvestments`	$1.40M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$8.80M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$200.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-900.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-1.30M	USD	1 Quarter
Trade and unbilled receivables	`IncreaseDecreaseInAccountsReceivable`	$-29.10M	USD	1 Quarter
Trade and unbilled receivables	`IncreaseDecreaseInAccountsReceivable`	$-29.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$52.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$44.90M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.30M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.60M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-32.70M	USD	1 Quarter
Accrued liabilities and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherNoncurrentLiabilities`	$-64.20M	USD	1 Quarter
Accrued liabilities and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherNoncurrentLiabilities`	$-42.10M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$70.90M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$57.40M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$112.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$141.40M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.80M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.60M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.70M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$500.00K	USD	1 Quarter
Purchase of equity and notes receivable in privately-held companies	`PaymentsToAcquireInvestments`	$10.30M	USD	1 Quarter
Purchase of equity and notes receivable in privately-held companies	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Sale of equity investments	`ProceedsFromSaleOfOtherInvestments`	$9.20M	USD	1 Quarter
Sale of equity investments	`ProceedsFromSaleOfOtherInvestments`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.10M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.60M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$43.80M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock to employees	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$19.70M	USD	1 Quarter
Proceeds from issuance of common stock to employees	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$52.40M	USD	1 Quarter
Tax withholdings on vesting of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.60M	USD	1 Quarter
Tax withholdings on vesting of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.60M	USD	1 Quarter
Borrowings under credit facility agreement	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Borrowings under credit facility agreement	`ProceedsFromLinesOfCredit`	$11.00M	USD	1 Quarter
Repayments under credit facility agreement	`RepaymentsOfLinesOfCredit`	$11.00M	USD	1 Quarter
Repayments under credit facility agreement	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Net (repayments) borrowings under the credit facility agreements with maturities less than 90 days	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$132.00M	USD	1 Quarter
Net (repayments) borrowings under the credit facility agreements with maturities less than 90 days	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$-145.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-900.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-100.20M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$103.40M	USD	1 Quarter
Effects of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.80M	USD	1 Quarter
Effects of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-6.30M	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$198.10M	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.30M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$785.80M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$793.10M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$544.10M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$742.20M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$793.10M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$544.10M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$785.80M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$742.20M	USD	Point-in-time

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	91.20M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	91.80M	shares	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time
Net earnings (loss)	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingRedeemableNoncontrollingInterest`	$88.90M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingRedeemableNoncontrollingInterest`	$96.80M	USD	1 Quarter
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$5.10M	USD	1 Quarter
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$8.90M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$21.00M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$52.40M	USD	1 Quarter
Tax withholdings on vesting of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.60M	USD	1 Quarter
Tax withholdings on vesting of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.60M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.70M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.50M	USD	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	300,000.00	shares	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$46.40M	USD	1 Quarter
Other	`StockholdersEquityOther`	$100.00K	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	91.20M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	91.80M	shares	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.25B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.08B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.86B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.78B	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Tax benefit from amortization of prior service cost included in net periodic benefit cost	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$100.00K	USD	1 Quarter
Net earnings	`ProfitLoss`	$88.90M	USD	1 Quarter
Net earnings	`ProfitLoss`	$96.80M	USD	1 Quarter
Tax benefit from amortization of prior service cost included in net periodic benefit cost	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	-	USD	1 Quarter
Tax expense from amortization of net actuarial loss included in net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-200.00K	USD	1 Quarter
Tax expense from amortization of net actuarial loss included in net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-100.00K	USD	1 Quarter
Tax benefit on change in unrealized gain (loss) on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$-1.50M	USD	1 Quarter
Tax benefit on change in unrealized gain (loss) on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	-	USD	1 Quarter
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $0.1* and $0.0*, respectively	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-400.00K	USD	1 Quarter
Tax (expense) benefit on reclassification adjustments on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$200.00K	USD	1 Quarter
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $0.1* and $0.0*, respectively	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-200.00K	USD	1 Quarter
Tax (expense) benefit on reclassification adjustments on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	$-100.00K	USD	1 Quarter
Amortization of net actuarial loss included in net periodic benefit cost, net of tax expense of $(0.1) and $(0.2), respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-900.00K	USD	1 Quarter
Amortization of net actuarial loss included in net periodic benefit cost, net of tax expense of $(0.1) and $(0.2), respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-800.00K	USD	1 Quarter
Defined benefit pension and post-retirement benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-700.00K	USD	1 Quarter
Defined benefit pension and post-retirement benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-400.00K	USD	1 Quarter
Change in unrealized loss, net of tax benefit of $1.5 and $0.0*, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-100.00K	USD	1 Quarter
Change in unrealized loss, net of tax benefit of $1.5 and $0.0*, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-4.80M	USD	1 Quarter
Reclassification adjustments, net of tax (expense) benefit of $(0.1) and $0.2, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-300.00K	USD	1 Quarter
Reclassification adjustments, net of tax (expense) benefit of $(0.1) and $0.2, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$600.00K	USD	1 Quarter
Derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-4.50M	USD	1 Quarter
Derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-700.00K	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.10M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$13.00M	USD	1 Quarter
Other comprehensive earnings	`OtherComprehensiveIncomeLossNetOfTax`	$5.10M	USD	1 Quarter
Other comprehensive earnings	`OtherComprehensiveIncomeLossNetOfTax`	$8.90M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$94.00M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$105.70M	USD	1 Quarter
Less: Comprehensive earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$700.00K	USD	1 Quarter
Less: Comprehensive earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$300.00K	USD	1 Quarter
Comprehensive earnings attributable to Varian	`ComprehensiveIncomeNetOfTax`	$105.40M	USD	1 Quarter
Comprehensive earnings attributable to Varian	`ComprehensiveIncomeNetOfTax`	$93.30M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.