VARIAN MEDICAL SYSTEMS INC | 2013 | FY | 3


2. BALANCE SHEET COMPONENTS

 

 

September 27,

2013

 

 

September 28,

2012

 

(In millions)

 

 

 

 

 

 

 

Short-term Investment:

 

 

 

 

 

 

 

Corporate debt security:

 

 

  

 

 

 

  

Amortized cost             

$

  62.7

  

 

$

  49.7

  

Unrealized gain (loss)             

 

-

  

 

 

-

  

Fair value             

$

  62.7

  

 

$

  49.7

  

 

The short-term investment, which represents a loan to CPTC, is classified as an available-for-sale corporate debt security. See Note 15, “Variable Interest Entity.”

 

 

September 27,

2013

 

 

September 28,

2012

 

(In millions)

 

 

 

 

 

 

 

Inventories:

 

 

 

 

 

 

 

Raw materials and parts             

$

  276.6

  

 

$

  237.3

  

Work-in-process             

 

  91.6

  

 

 

  75.6

  

Finished goods             

 

  167.0

  

 

 

  145.0

  

Total inventories             

$

  535.2

  

 

$

  457.9

  

 

Property, plant and equipment:

 

 

 

 

 

 

 

Land and land improvements             

$

  44.6

  

 

$

  43.8

  

Buildings and leasehold improvements             

 

  242.2

  

 

 

  215.5

  

Machinery and equipment             

 

  380.8

  

 

 

  344.5

  

Construction in progress             

 

  46.6

  

 

 

  46.4

  

Assets subject to lease             

 

  1.8

  

 

 

  3.2

  

 

 

  716.0

  

 

 

  653.4

  

Accumulated depreciation and amortization             

 

(400.7

) 

 

 

(356.8

) 

Property, plant and equipment, net             

$

  315.3

  

 

$

  296.6

  

 

Other Assets:

 

 

 

 

 

 

 

DCP Assets             

$

  55.2

  

 

$

  49.3

  

Equity investment in dpiX Holding LLC (“dpiX Holding”)             

 

  49.7

  

 

 

  45.5

  

Other             

 

  118.1

  

 

 

  94.6

  

Total other assets             

$

  223.0

  

 

$

  189.4

  

 

Accrued expenses:

 

 

 

 

 

 

 

Accrued compensation and benefits             

$

  159.4

  

 

$

  150.3

  

DCP Liabilities

 

  54.6

 

 

 

  49.5

 

Income taxes payable             

 

  40.0

  

 

 

  63.3

  

Current deferred tax liabilities             

 

  7.6

  

 

 

  2.9

  

Other             

 

  59.3

  

 

 

  70.6

  

Total accrued expenses             

$

  320.9

  

 

$

  336.6

  

 

Other long-term liabilities:

 

 

 

 

 

 

 

Long-term income taxes payable             

$

  41.9

  

 

$

  40.6

  

Other             

 

  102.1

  

 

 

  85.6

  

Total other long-term liabilities             

$

  144.0

  

 

$

  126.2

  

 


us-gaap:SupplementalBalanceSheetDisclosuresTextBlock