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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jan. 03, 2025
Sep. 27, 2024
Current assets:    
Cash and cash equivalents $ 176.0 $ 168.7
Marketable securities 36.6 31.8
Accounts receivable, net of allowance for credit losses of $1.0 million and $1.0 million at January 3, 2025 and September 27, 2024, respectively 138.1 157.7
Inventories, net 279.9 264.8
Prepaid expenses and other current assets 26.3 26.9
Total current assets 656.9 649.9
Property, plant, and equipment, net 151.1 153.4
Goodwill 287.2 291.0
Intangible assets, net 14.2 16.1
Investments in privately-held companies 25.2 26.8
Deferred tax assets 3.1 4.7
Operating lease assets 27.1 28.3
Restricted cash 125.8 1.7
Other assets 41.6 45.1
Total assets 1,332.2 1,217.0
Current liabilities:    
Accounts payable 65.6 59.1
Accrued liabilities and other current liabilities 70.4 78.6
Current operating lease liabilities 3.7 4.0
Current maturities of long-term debt, net 1.4 46.3
Deferred revenues 9.4 7.9
Total current liabilities 150.5 195.9
Long-term debt, net 565.6 397.1
Deferred tax liabilities 0.0 1.4
Operating lease liabilities 21.4 23.0
Other long-term liabilities 40.5 50.4
Total liabilities 778.0 667.8
Stockholders' equity:    
Preferred stock, $0.01 par value: 20,000,000 shares authorized, none issued 0.0 0.0
Shares issued and outstanding: 41,231,000 and 41,094,179 at January 3, 2025 and September 27, 2024, respectively 0.4 0.4
Additional paid-in capital 470.0 467.2
Accumulated other comprehensive loss (0.3) (2.9)
Retained earnings 70.1 70.4
Total Varex stockholders' equity 540.2 535.1
Noncontrolling interests 14.0 14.1
Total stockholders' equity 554.2 549.2
Total liabilities and stockholders' equity $ 1,332.2 $ 1,217.0