10-Q Filing

VARIAN MEDICAL SYSTEMS INC CIK: 203527 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001628280-19-000970`
Period End Date	20181231
Filing Date	20190205
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	var-20181228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 38 Cash Flow Statement 77 Stockholders Equity 28 Comprehensive Income 32

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$42.90M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$41.10M	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`	$504.80M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$616.00M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade and unbilled receivables, net of allowance for doubtful accounts of $42.9 and $41.1	`AccountsReceivableNetCurrent`	$989.50M	USD	Point-in-time
Trade and unbilled receivables, net of allowance for doubtful accounts of $42.9 and $41.1	`AccountsReceivableNetCurrent`	$1.01B	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
Inventories	`InventoryNet`	$438.10M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$469.60M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	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`	$223.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$233.30M	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
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.30M	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.30B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	91.20M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	91.20M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.19B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	91.20M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	91.20M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$274.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$270.10M	USD	Point-in-time
Goodwill	`Goodwill`	$293.60M	USD	Point-in-time
Goodwill	`Goodwill`	$310.70M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$101.10M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$97.30M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$102.20M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$102.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$289.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$292.80M	USD	Point-in-time
Total assets	`Assets`	$3.37B	USD	Point-in-time
Total assets	`Assets`	$3.25B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$198.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$190.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$419.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$396.30M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$738.60M	USD	Point-in-time
Deferred revenues	`ContractWithCustomerLiabilityCurrent`	$729.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.33B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.34B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$355.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$324.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.66B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.69B	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; 91.2 and 91.2 shares issued and outstanding	`CommonStockValue`	$91.20M	USD	Point-in-time
Common stock of $1 par value: 189.0 shares authorized; 91.2 and 91.2 shares issued and outstanding	`CommonStockValue`	$91.20M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$799.30M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$778.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$855.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$780.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-69.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-65.30M	USD	Point-in-time
Total Varian stockholders' equity	`StockholdersEquity`	$1.58B	USD	Point-in-time
Total Varian stockholders' equity	`StockholdersEquity`	$1.68B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$4.30M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$5.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.59B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.37B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.25B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$741.00M	USD	1 Quarter
Total revenues	`Revenues`	$678.50M	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$424.90M	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$375.70M	USD	1 Quarter
Gross margin	`GrossProfit`	$302.80M	USD	1 Quarter
Gross margin	`GrossProfit`	$316.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$60.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$55.90M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$143.50M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$125.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$181.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$204.40M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$111.70M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$121.60M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.90M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.10M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$23.00M	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-200.00K	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$137.40M	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$122.50M	USD	1 Quarter
Taxes on earnings	`IncomeTaxExpenseBenefit`	$234.70M	USD	1 Quarter
Taxes on earnings	`IncomeTaxExpenseBenefit`	$33.50M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$103.90M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$-112.20M	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$700.00K	USD	1 Quarter
Net earnings (loss) attributable to Varian	`NetIncomeLoss`	$-112.30M	USD	1 Quarter
Net earnings (loss) attributable to Varian	`NetIncomeLoss`	$103.20M	USD	1 Quarter
Net earnings (loss) per share - basic (in dollars per share)	`EarningsPerShareBasic`	$1.13	USD	1 Quarter
Net earnings (loss) per share - basic (in dollars per share)	`EarningsPerShareBasic`	$-1.22	USD	1 Quarter
Net earnings (loss) per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.22	USD	1 Quarter
Net earnings (loss) per share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.12	USD	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	91.60M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	91.00M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	91.60M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.00M	shares	1 Quarter

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net earnings (loss)	`ProfitLoss`	$103.90M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$-112.20M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$10.70M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$10.50M	USD	1 Quarter
Depreciation	`Depreciation`	$12.80M	USD	1 Quarter
Depreciation	`Depreciation`	$12.80M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.70M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.30M	USD	1 Quarter
Gain on sale of privately-held company	`GainOnSaleOfInvestments`	$22.00M	USD	1 Quarter
Gain on sale of privately-held company	`GainOnSaleOfInvestments`	-	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$44.90M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Loss on equity investments	`IncomeLossFromEquityMethodInvestments`	$-2.20M	USD	1 Quarter
Loss on equity investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$2.00M	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$1.50M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$800.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$500.00K	USD	1 Quarter
Trade and unbilled receivables	`IncreaseDecreaseInAccountsReceivable`	$-2.90M	USD	1 Quarter
Trade and unbilled receivables	`IncreaseDecreaseInAccountsReceivable`	$-65.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$11.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$32.40M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.60M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-28.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.30M	USD	1 Quarter
Accrued liabilities and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherNoncurrentLiabilities`	$125.10M	USD	1 Quarter
Accrued liabilities and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherNoncurrentLiabilities`	$-12.50M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$18.60M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInContractWithCustomerLiability`	$47.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$179.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$140.90M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.30M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$25.50M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Sale of privately-held company	`ProceedsFromSaleOfOtherInvestments`	$29.90M	USD	1 Quarter
Investment in available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	1 Quarter
Investment in available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$6.00M	USD	1 Quarter
Loans to CPTC	`ProceedsfromCollectionofPaymentstoFundLoanstoAffiliatedEntities`	$-4.60M	USD	1 Quarter
Loans to CPTC	`ProceedsfromCollectionofPaymentstoFundLoanstoAffiliatedEntities`	$-500.00K	USD	1 Quarter
Escrow deposit	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Escrow deposit	`IncreaseDecreaseInDepositOtherAssets`	$2.60M	USD	1 Quarter
Investment in privately-held companies	`PaymentsToAcquireInvestments`	$800.00K	USD	1 Quarter
Investment in privately-held companies	`PaymentsToAcquireInvestments`	$2.50M	USD	1 Quarter
Amounts paid to deferred compensation plan trust account	`PaymentsForProceedsFromDeferredCompensationPlanSecuritiesNet`	$2.50M	USD	1 Quarter
Amounts paid to deferred compensation plan trust account	`PaymentsForProceedsFromDeferredCompensationPlanSecuritiesNet`	$1.30M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-300.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-700.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.10M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.60M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$56.70M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$34.80M	USD	1 Quarter
Proceeds from issuance of common stock to employees	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$22.00M	USD	1 Quarter
Proceeds from issuance of common stock to employees	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$24.20M	USD	1 Quarter
Tax withholdings on vesting of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.40M	USD	1 Quarter
Tax withholdings on vesting of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$300.00K	USD	1 Quarter
Borrowings under credit facility agreement	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Borrowings under credit facility agreement	`ProceedsFromIssuanceOfLongTermDebt`	$166.40M	USD	1 Quarter
Repayments under credit facility agreement	`RepaymentsOfLongTermDebt`	$166.40M	USD	1 Quarter
Repayments under credit facility agreement	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Net repayments under the credit facility agreements with maturities less than 90 days	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$-10.00M	USD	1 Quarter
Net repayments under the credit facility agreements with maturities less than 90 days	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.20M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-42.80M	USD	1 Quarter
Effects of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-4.00M	USD	1 Quarter
Effects of exchange rate changes on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.70M	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$106.60M	USD	1 Quarter
Net increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$112.30M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$825.10M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$628.70M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$718.50M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$516.40M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$628.70M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$718.50M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$825.10M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$516.40M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	91.20M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	91.20M	shares	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.59B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time
Net earnings (loss)	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingRedeemableNoncontrollingInterest`	$103.90M	USD	1 Quarter
Net earnings (loss)	`NetIncomeLossIncludingPortionAttributabletoNoncontrollingInterestExcludingRedeemableNoncontrollingInterest`	$-112.20M	USD	1 Quarter
Other comprehensive (loss) earnings	`OtherComprehensiveIncomeLossNetOfTax`	$-3.70M	USD	1 Quarter
Other comprehensive (loss) earnings	`OtherComprehensiveIncomeLossNetOfTax`	$3.10M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$24.20M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$22.00M	USD	1 Quarter
Tax withholdings on vesting of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.40M	USD	1 Quarter
Tax withholdings on vesting of equity awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$300.00K	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.70M	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.50M	USD	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	500,000.00	shares	1 Quarter
Repurchases of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	300,000.00	shares	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$56.70M	USD	1 Quarter
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$34.80M	USD	1 Quarter
Other	`StockholdersEquityOther`	$300.00K	USD	1 Quarter
Other	`StockholdersEquityOther`	$-200.00K	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	91.20M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	91.20M	shares	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.39B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.59B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.52B	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Tax on amortization of prior service cost included in net periodic benefit cost	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	-	USD	1 Quarter
Tax on amortization of prior service cost included in net periodic benefit cost	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$100.00K	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$103.90M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$-112.20M	USD	1 Quarter
Tax on amortization of net actuarial loss included in net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-200.00K	USD	1 Quarter
Tax on amortization of net actuarial loss included in net periodic benefit cost	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-100.00K	USD	1 Quarter
Tax on increase (decrease) in unrealized gain on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	-	USD	1 Quarter
Tax on increase (decrease) in unrealized gain on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax`	$-100.00K	USD	1 Quarter
Tax on reclassification adjustments on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	-	USD	1 Quarter
Tax on reclassification adjustments on derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax`	-	USD	1 Quarter
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $0.0 and $0.1, respectively	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-200.00K	USD	1 Quarter
Amortization of prior service cost included in net periodic benefit cost, net of tax benefit of $0.0 and $0.1, respectively	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-200.00K	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`	$-500.00K	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`	$-500.00K	USD	1 Quarter
Defined benefit pension and post-retirement benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-300.00K	USD	1 Quarter
Defined benefit pension and post-retirement benefit plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-300.00K	USD	1 Quarter
Change in unrealized loss, net of tax benefit of $0.0 and $0.1, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	$-200.00K	USD	1 Quarter
Change in unrealized loss, net of tax benefit of $0.0 and $0.1, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax`	-	USD	1 Quarter
Reclassification adjustments, net of tax expense of $0.0 and $0.0, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	-	USD	1 Quarter
Reclassification adjustments, net of tax expense of $0.0 and $0.0, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$100.00K	USD	1 Quarter
Derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-300.00K	USD	1 Quarter
Derivative instruments	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	-	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.10M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.00M	USD	1 Quarter
Other comprehensive (loss) earnings	`OtherComprehensiveIncomeLossNetOfTax`	$-3.70M	USD	1 Quarter
Other comprehensive (loss) earnings	`OtherComprehensiveIncomeLossNetOfTax`	$3.10M	USD	1 Quarter
Comprehensive earnings (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$100.20M	USD	1 Quarter
Comprehensive earnings (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-109.10M	USD	1 Quarter
Less: Comprehensive earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Less: Comprehensive earnings attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$700.00K	USD	1 Quarter
Comprehensive earnings (loss) attributable to Varian	`ComprehensiveIncomeNetOfTax`	$99.50M	USD	1 Quarter
Comprehensive earnings (loss) attributable to Varian	`ComprehensiveIncomeNetOfTax`	$-109.20M	USD	1 Quarter

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