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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 03, 2025
Sep. 27, 2024
Current assets:    
Cash and cash equivalents $ 145.0 $ 168.7
Marketable securities 10.1 31.8
Accounts receivable, net of allowance for credit losses of $2.1 million and $1.0 million at October 3, 2025 and September 27, 2024, respectively 156.6 157.7
Inventories, net 299.4 264.8
Prepaid expenses and other current assets 30.7 26.9
Total current assets 641.8 649.9
Property, plant, and equipment, net 157.8 153.4
Goodwill 198.4 291.0
Intangible assets, net 14.0 16.1
Investments in privately-held companies 24.5 26.8
Deferred tax assets 2.9 1.3
Operating lease assets 29.4 28.3
Other assets 38.6 46.8
Total assets 1,107.4 1,213.6
Current liabilities:    
Accounts payable 69.9 59.1
Accrued liabilities and other current liabilities 98.4 78.6
Current operating lease liabilities 4.4 4.0
Current maturities of long-term debt, net 1.5 46.3
Deferred revenues 13.0 7.9
Total current liabilities 187.2 195.9
Long-term debt, net 366.0 397.1
Deferred tax liabilities 5.5 4.0
Operating lease liabilities 24.0 23.0
Other long-term liabilities 38.1 50.4
Total liabilities 620.8 670.4
Stockholders' equity:    
Preferred stock, $0.01 par value: 20,000,000 shares authorized, none issued 0.0 0.0
Common stock, $.01 par value: 150,000,000 shares authorized; shares issued and outstanding: 40,860,965 and 40,529,573 at June 28, 2024 and September 29, 2023, respectively 0.4 0.4
Additional paid-in capital 483.3 467.2
Accumulated other comprehensive loss (5.2) (2.9)
(Accumulated deficit) retained earnings (5.9) 64.4
Total Varex stockholders' equity 472.6 529.1
Noncontrolling interests 14.0 14.1
Total stockholders' equity 486.6 543.2
Total liabilities and stockholders' equity $ 1,107.4 $ 1,213.6