10-Q Filing

VARIAN MEDICAL SYSTEMS INC CIK: 203527 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001628280-16-016061`
Period End Date	20160331
Filing Date	20160510
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	var-20160401.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 88 Cash Flow Statement 82 Comprehensive Income 84

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.22M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$24.41M	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`	$961.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$849.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$862.22M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$845.47M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $24,410 at April 1, 2016 and $21,218 at October 2, 2015	`AccountsReceivableNetCurrent`	$852.63M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $24,410 at April 1, 2016 and $21,218 at October 2, 2015	`AccountsReceivableNetCurrent`	$770.92M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$612.61M	USD	Point-in-time
Inventories	`InventoryNet`	$653.33M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	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`	$177.25M	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`	$163.98M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$132.07M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$128.90M	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
Total current assets	`AssetsCurrent`	$2.77B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.53B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	95.55M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	98.07M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$379.21M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	95.55M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$374.36M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	98.07M	shares	Point-in-time
Goodwill	`Goodwill`	$283.45M	USD	Point-in-time
Goodwill	`Goodwill`	$283.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$413.04M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$434.74M	USD	Point-in-time
Total assets	`Assets`	$3.87B	USD	Point-in-time
Total assets	`Assets`	$3.60B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$174.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$202.92M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$353.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$353.11M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$520.33M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$489.77M	USD	Point-in-time
Advance payments from customers	`CustomerAdvancesCurrent`	$164.89M	USD	Point-in-time
Advance payments from customers	`CustomerAdvancesCurrent`	$178.26M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$431.63M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$108.45M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$50.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$50.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.69B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.38B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$312.50M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$337.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$155.75M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$154.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.16B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.87B	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	-	USD	Point-in-time
Redeemable noncontrolling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$10.33M	USD	Point-in-time
Preferred stock of $1 par value: 1,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock of $1 par value: 1,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock of $1 par value: 189,000 shares authorized; 95,550 and 98,070 shares issued and outstanding at April 1, 2016 and at October 2, 2015, respectively	`CommonStockValue`	$98.07M	USD	Point-in-time
Common stock of $1 par value: 189,000 shares authorized; 95,550 and 98,070 shares issued and outstanding at April 1, 2016 and at October 2, 2015, respectively	`CommonStockValue`	$95.55M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$659.16M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$682.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.02B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.02B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-80.97M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-86.46M	USD	Point-in-time
Total Varian stockholders' equity	`StockholdersEquity`	$1.69B	USD	Point-in-time
Total Varian stockholders' equity	`StockholdersEquity`	$1.71B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.77M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$14.74M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.73B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.69B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$3.60B	USD	Point-in-time
Total liabilities, redeemable noncontrolling interests and equity	`LiabilitiesAndStockholdersEquity`	$3.87B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$996.10M	USD	2 Qtrs
Product	`SalesRevenueGoodsNet`	$989.60M	USD	2 Qtrs
Product	`SalesRevenueGoodsNet`	$495.57M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$513.76M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$507.67M	USD	2 Qtrs
Service	`SalesRevenueServicesNet`	$245.64M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$263.20M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$519.80M	USD	2 Qtrs
Total revenues	`Revenues`	$1.52B	USD	2 Qtrs
Total revenues	`Revenues`	$759.41M	USD	1 Quarter
Total revenues	`Revenues`	$1.50B	USD	2 Qtrs
Total revenues	`Revenues`	$758.77M	USD	1 Quarter
Product	`CostOfGoodsSold`	$674.44M	USD	2 Qtrs
Product	`CostOfGoodsSold`	$330.46M	USD	1 Quarter
Product	`CostOfGoodsSold`	$636.27M	USD	2 Qtrs
Product	`CostOfGoodsSold`	$330.99M	USD	1 Quarter
Service	`CostOfServices`	$211.44M	USD	2 Qtrs
Service	`CostOfServices`	$214.55M	USD	2 Qtrs
Service	`CostOfServices`	$110.56M	USD	1 Quarter
Service	`CostOfServices`	$106.41M	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$847.71M	USD	2 Qtrs
Total cost of revenues	`CostOfRevenue`	$888.99M	USD	2 Qtrs
Total cost of revenues	`CostOfRevenue`	$436.87M	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$441.55M	USD	1 Quarter
Gross margin	`GrossProfit`	$317.22M	USD	1 Quarter
Gross margin	`GrossProfit`	$322.54M	USD	1 Quarter
Gross margin	`GrossProfit`	$626.91M	USD	2 Qtrs
Gross margin	`GrossProfit`	$649.55M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$122.09M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$59.31M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$116.39M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$62.11M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$257.67M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$117.19M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$121.13M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$254.19M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$176.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$374.06M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$183.24M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$376.28M	USD	2 Qtrs
Operating earnings	`OperatingIncomeLoss`	$133.98M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$250.63M	USD	2 Qtrs
Operating earnings	`OperatingIncomeLoss`	$275.49M	USD	2 Qtrs
Operating earnings	`OperatingIncomeLoss`	$146.04M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.25M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.30M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.04M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.08M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.54M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.31M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.05M	USD	2 Qtrs
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$134.97M	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$277.52M	USD	2 Qtrs
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$253.34M	USD	2 Qtrs
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$147.08M	USD	1 Quarter
Taxes on earnings	`IncomeTaxExpenseBenefit`	$41.11M	USD	1 Quarter
Taxes on earnings	`IncomeTaxExpenseBenefit`	$67.31M	USD	2 Qtrs
Taxes on earnings	`IncomeTaxExpenseBenefit`	$37.99M	USD	1 Quarter
Taxes on earnings	`IncomeTaxExpenseBenefit`	$78.24M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$96.98M	USD	1 Quarter
Net earnings	`ProfitLoss`	$105.97M	USD	1 Quarter
Net earnings	`ProfitLoss`	$186.03M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$199.28M	USD	2 Qtrs
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$27.00K	USD	2 Qtrs
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.00K	USD	1 Quarter
Net earnings attributable to Varian	`NetIncomeLoss`	$186.00M	USD	2 Qtrs
Net earnings attributable to Varian	`NetIncomeLoss`	$105.97M	USD	1 Quarter
Net earnings attributable to Varian	`NetIncomeLoss`	$199.28M	USD	2 Qtrs
Net earnings attributable to Varian	`NetIncomeLoss`	$96.97M	USD	1 Quarter
Net earnings per share - basic (in dollars per share)	`EarningsPerShareBasic`	$1.99	USD	2 Qtrs
Net earnings per share - basic (in dollars per share)	`EarningsPerShareBasic`	$1.01	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`	$1.93	USD	2 Qtrs
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.92	USD	2 Qtrs
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.97	USD	2 Qtrs
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.01	USD	1 Quarter
Net earnings per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.05	USD	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	100.31M	shares	2 Qtrs
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	100.16M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	95.67M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	96.47M	shares	2 Qtrs
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	101.34M	shares	2 Qtrs
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	101.03M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.18M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	97.07M	shares	2 Qtrs

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$96.98M	USD	1 Quarter
Net earnings	`ProfitLoss`	$105.97M	USD	1 Quarter
Net earnings	`ProfitLoss`	$186.03M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$199.28M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$25.24M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$23.80M	USD	2 Qtrs
Tax benefits from exercises of share-based payment awards	`DeferredTaxExpenseFromStockOptionsExercised`	$821.00K	USD	2 Qtrs
Tax benefits from exercises of share-based payment awards	`DeferredTaxExpenseFromStockOptionsExercised`	$11.14M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.58M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$11.14M	USD	2 Qtrs
Depreciation	`Depreciation`	$31.13M	USD	2 Qtrs
Depreciation	`Depreciation`	$30.11M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.70M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.80M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.80M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.29M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$16.40M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$644.00K	USD	2 Qtrs
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$6.68M	USD	2 Qtrs
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$3.65M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-1.51M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$73.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$94.47M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$17.46M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$39.65M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$92.95M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$20.99M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.67M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-12.83M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.64M	USD	2 Qtrs
Accrued liabilities and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherNoncurrentLiabilities`	$1.83M	USD	2 Qtrs
Accrued liabilities and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherNoncurrentLiabilities`	$-43.16M	USD	2 Qtrs
Deferred revenues and advance payments from customers	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$19.50M	USD	2 Qtrs
Deferred revenues and advance payments from customers	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$37.13M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$109.13M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$132.27M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.72M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.94M	USD	2 Qtrs
Decrease (increase) in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-572.00K	USD	2 Qtrs
Decrease (increase) in restricted cash	`IncreaseDecreaseInRestrictedCash`	$35.71M	USD	2 Qtrs
Sale of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	-	USD	2 Qtrs
Sale of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$8.64M	USD	2 Qtrs
Notes receivable	`PaymentsToAcquireNotesReceivable`	$6.16M	USD	2 Qtrs
Notes receivable	`PaymentsToAcquireNotesReceivable`	$5.00M	USD	2 Qtrs
Net amounts received from (paid to) deferred compensation plan trust account	`PaymentsForProceedsFromDeferredCompensationPlanSecuritiesNet`	$3.10M	USD	2 Qtrs
Net amounts received from (paid to) deferred compensation plan trust account	`PaymentsForProceedsFromDeferredCompensationPlanSecuritiesNet`	$-2.91M	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$732.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$838.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.53M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.17M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$248.70M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$201.18M	USD	2 Qtrs
Proceeds from issuance of common stock to employees	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$67.22M	USD	2 Qtrs
Proceeds from issuance of common stock to employees	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$21.21M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.58M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$11.14M	USD	2 Qtrs
Employees' taxes withheld and paid for restricted stock and restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$10.71M	USD	2 Qtrs
Employees' taxes withheld and paid for restricted stock and restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$16.05M	USD	2 Qtrs
Borrowings under credit facility agreement	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Borrowings under credit facility agreement	`ProceedsFromIssuanceOfLongTermDebt`	$83.00M	USD	2 Qtrs
Repayments under credit facility agreement	`RepaymentsOfLongTermDebt`	$108.00M	USD	2 Qtrs
Repayments under credit facility agreement	`RepaymentsOfLongTermDebt`	$25.00M	USD	2 Qtrs
Net borrowings under credit facility agreements with maturities less than 90 days	`ProceedsFromLinesOfCredit`	$322.00M	USD	2 Qtrs
Net borrowings under credit facility agreements with maturities less than 90 days	`ProceedsFromLinesOfCredit`	$100.00M	USD	2 Qtrs
Contingent consideration and hold back	`PaymentOfContingentConsiderationAndHoldBack`	$3.71M	USD	2 Qtrs
Contingent consideration and hold back	`PaymentOfContingentConsiderationAndHoldBack`	$1.07M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$496.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.77M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$57.16M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-63.16M	USD	2 Qtrs
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$19.01M	USD	2 Qtrs
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.12M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.95M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$115.63M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$849.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$862.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$845.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$961.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$845.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$961.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$862.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$849.27M	USD	Point-in-time

Comprehensive Income 84 line items

Line Item	Tag	Value	Unit	Period
Tax on amortization of prior service cost included in net periodic benefit cost	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$-80.00K	USD	2 Qtrs
Net earnings	`ProfitLoss`	$96.98M	USD	1 Quarter
Net earnings	`ProfitLoss`	$105.97M	USD	1 Quarter
Tax on amortization of prior service cost included in net periodic benefit cost	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$-46.00K	USD	1 Quarter
Net earnings	`ProfitLoss`	$186.03M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$199.28M	USD	2 Qtrs
Tax on amortization of prior service cost included in net periodic benefit cost	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$-91.00K	USD	2 Qtrs
Tax on amortization of prior service cost included in net periodic benefit cost	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$-39.00K	USD	1 Quarter
Tax on amortization of net actuarial loss included in net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$264.00K	USD	2 Qtrs
Tax on amortization of net actuarial loss included in net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$231.00K	USD	2 Qtrs
Tax on amortization of net actuarial loss included in net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$115.00K	USD	1 Quarter
Tax on amortization of net actuarial loss included in net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$132.00K	USD	1 Quarter
Tax on increase (decrease) in unrealized gain on derivative instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$739.00K	USD	2 Qtrs
Tax on increase (decrease) in unrealized gain on derivative instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$455.00K	USD	1 Quarter
Tax on increase (decrease) in unrealized gain on derivative instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-480.00K	USD	2 Qtrs
Tax on increase (decrease) in unrealized gain on derivative instruments	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-534.00K	USD	1 Quarter
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $46 and $91 for the three and six months ended April 1, 2016, respectively, and $39 and $80 for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-40.00K	USD	1 Quarter
Tax on reclassification adjustment on derivative instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$29.00K	USD	2 Qtrs
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $46 and $91 for the three and six months ended April 1, 2016, respectively, and $39 and $80 for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-71.00K	USD	1 Quarter
Tax on reclassification adjustment on derivative instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$29.00K	USD	1 Quarter
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $46 and $91 for the three and six months ended April 1, 2016, respectively, and $39 and $80 for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-78.00K	USD	2 Qtrs
Tax on reclassification adjustment on derivative instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$701.00K	USD	1 Quarter
Tax on reclassification adjustment on derivative instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$1.03M	USD	2 Qtrs
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $46 and $91 for the three and six months ended April 1, 2016, respectively, and $39 and $80 for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-143.00K	USD	2 Qtrs
Amortization of net actuarial loss included in net periodic benefit cost, net of tax expense of ($132) and ($264) for the three and six months ended April 1, 2016, respectively, and ($115) and ($231) for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-505.00K	USD	1 Quarter
Amortization of net actuarial loss included in net periodic benefit cost, net of tax expense of ($132) and ($264) for the three and six months ended April 1, 2016, respectively, and ($115) and ($231) for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-601.00K	USD	1 Quarter
Tax on increase (decrease) in unrealized gain (loss) on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	2 Qtrs
Tax on increase (decrease) in unrealized gain (loss) on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Amortization of net actuarial loss included in net periodic benefit cost, net of tax expense of ($132) and ($264) for the three and six months ended April 1, 2016, respectively, and ($115) and ($231) for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-1.20M	USD	2 Qtrs
Tax on increase (decrease) in unrealized gain (loss) on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	1 Quarter
Tax on increase (decrease) in unrealized gain (loss) on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-141.00K	USD	2 Qtrs
Amortization of net actuarial loss included in net periodic benefit cost, net of tax expense of ($132) and ($264) for the three and six months ended April 1, 2016, respectively, and ($115) and ($231) for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-1.01M	USD	2 Qtrs
Tax on reclassification adjustments on available for sale securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$193.00K	USD	2 Qtrs
Tax on reclassification adjustments on available for sale securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	-	USD	2 Qtrs
Tax on reclassification adjustments on available for sale securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	-	USD	1 Quarter
Defined benefit pension and post-retirement plans:	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-465.00K	USD	1 Quarter
Defined benefit pension and post-retirement plans:	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.06M	USD	2 Qtrs
Defined benefit pension and post-retirement plans:	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-931.00K	USD	2 Qtrs
Defined benefit pension and post-retirement plans:	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-530.00K	USD	1 Quarter
Tax on reclassification adjustments on available for sale securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	-	USD	1 Quarter
Change in unrealized gain (loss), net of tax benefit (expense) of $534 and $480 for the three and six months ended April 1, 2016, respectively, and ($455) and ($739) for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-802.00K	USD	2 Qtrs
Change in unrealized gain (loss), net of tax benefit (expense) of $534 and $480 for the three and six months ended April 1, 2016, respectively, and ($455) and ($739) for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.24M	USD	2 Qtrs
Change in unrealized gain (loss), net of tax benefit (expense) of $534 and $480 for the three and six months ended April 1, 2016, respectively, and ($455) and ($739) for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-893.00K	USD	1 Quarter
Change in unrealized gain (loss), net of tax benefit (expense) of $534 and $480 for the three and six months ended April 1, 2016, respectively, and ($455) and ($739) for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$763.00K	USD	1 Quarter
Reclassification adjustments, net of tax benefit of $29 for both the three and six months ended April 1, 2016, respectively, and $701 and $1,027 for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$50.00K	USD	2 Qtrs
Reclassification adjustments, net of tax benefit of $29 for both the three and six months ended April 1, 2016, respectively, and $701 and $1,027 for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$1.72M	USD	2 Qtrs
Reclassification adjustments, net of tax benefit of $29 for both the three and six months ended April 1, 2016, respectively, and $701 and $1,027 for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$1.18M	USD	1 Quarter
Reclassification adjustments, net of tax benefit of $29 for both the three and six months ended April 1, 2016, respectively, and $701 and $1,027 for the corresponding periods of fiscal year 2015, respectively.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$50.00K	USD	1 Quarter
Derivative instruments:	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-483.00K	USD	2 Qtrs
Derivative instruments:	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-413.00K	USD	1 Quarter
Derivative instruments:	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-852.00K	USD	2 Qtrs
Derivative instruments:	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-943.00K	USD	1 Quarter
Change in unrealized gain (loss), net of tax benefit of $141 for the six months ended April 1, 2016.	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Change in unrealized gain (loss), net of tax benefit of $141 for the six months ended April 1, 2016.	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-299.00K	USD	2 Qtrs
Change in unrealized gain (loss), net of tax benefit of $141 for the six months ended April 1, 2016.	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Change in unrealized gain (loss), net of tax benefit of $141 for the six months ended April 1, 2016.	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Reclassification adjustments, net of tax expense of ($193) for the six months ended April 1, 2016.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Reclassification adjustments, net of tax expense of ($193) for the six months ended April 1, 2016.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-411.00K	USD	2 Qtrs
Reclassification adjustments, net of tax expense of ($193) for the six months ended April 1, 2016.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	2 Qtrs
Reclassification adjustments, net of tax expense of ($193) for the six months ended April 1, 2016.	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Available-for-sale securities:	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$112.00K	USD	2 Qtrs
Available-for-sale securities:	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Available-for-sale securities:	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Available-for-sale securities:	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	2 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$9.83M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-30.46M	USD	2 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.18M	USD	2 Qtrs
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-18.17M	USD	1 Quarter
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-18.12M	USD	1 Quarter
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$9.42M	USD	1 Quarter
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$5.50M	USD	2 Qtrs
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-30.01M	USD	2 Qtrs
Comprehensive earnings	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$87.85M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$106.40M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$191.52M	USD	2 Qtrs
Comprehensive earnings	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$169.27M	USD	2 Qtrs
Less: Comprehensive earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Comprehensive earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$27.00K	USD	2 Qtrs
Less: Comprehensive earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$12.00K	USD	1 Quarter
Less: Comprehensive earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Comprehensive earnings attributable to Varian	`ComprehensiveIncomeNetOfTax`	$87.85M	USD	1 Quarter
Comprehensive earnings attributable to Varian	`ComprehensiveIncomeNetOfTax`	$169.27M	USD	2 Qtrs
Comprehensive earnings attributable to Varian	`ComprehensiveIncomeNetOfTax`	$106.39M	USD	1 Quarter
Comprehensive earnings attributable to Varian	`ComprehensiveIncomeNetOfTax`	$191.49M	USD	2 Qtrs

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