v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jul. 03, 2026
Oct. 03, 2025
Current assets:    
Cash and cash equivalents $ 99.2 $ 145.0
Marketable securities 0.0 10.1
Accounts receivable, net of allowance for credit losses of $1.9 million and $2.1 million at July 3, 2026 and October 3, 2025, respectively 144.7 156.6
Inventories, net 347.1 299.4
Prepaid expenses and other current assets 42.1 30.7
Total current assets 633.1 641.8
Property, plant, and equipment, net 169.3 157.8
Goodwill 197.6 198.4
Intangible assets, net 12.4 14.0
Investments in privately-held companies 20.2 24.5
Deferred tax assets 2.0 2.9
Operating lease assets 27.7 29.4
Other assets 37.7 38.6
Total assets 1,100.0 1,107.4
Current liabilities:    
Accounts payable 83.5 69.9
Accrued liabilities and other current liabilities 72.6 98.4
Current operating lease liabilities 4.5 4.4
Current maturities of long-term debt, net 18.2 1.5
Deferred revenues 8.6 13.0
Total current liabilities 187.4 187.2
Long-term debt, net 328.9 366.0
Deferred tax liabilities 4.5 5.5
Operating lease liabilities 22.0 24.0
Other long-term liabilities 46.7 38.1
Total liabilities 589.5 620.8
Stockholders' equity:    
Preferred stock, $0.01 par value: 20,000,000 shares authorized, none issued 0.0 0.0
Common stock, $0.01 par value: 150,000,000 shares authorized; Shares issued and outstanding: TBU and 41,689,672 at July 3, 2026 and October 3, 2025, respectively 0.4 0.4
Additional paid-in capital 495.1 483.3
Accumulated other comprehensive loss (2.9) (5.2)
Retained earnings (accumulated deficit) 4.0 (5.9)
Total Varex stockholders' equity 496.6 472.6
Noncontrolling interests 13.9 14.0
Total stockholders' equity 510.5 486.6
Total liabilities and stockholders' equity $ 1,100.0 $ 1,107.4