STARBUCKS CORP, 10-Q filed on 4/27/2021
Quarterly Report
v3.21.1
Document And Entity Information - shares
shares in Millions
 6 Months Ended
Mar. 28, 2021
Apr. 21, 2021
Cover [Abstract]    
Current Fiscal Year End Date --10-03  
Entity Information [Line Items]    
Entity Incorporation, State or Country Code WA  
Title of 12(b) Security Common Stock, par value $0.001 per share  
Document Type 10-Q  
Document Quarterly Report true  
Amendment Flag false  
Document Period End Date Mar. 28, 2021  
Document Transition Report false  
Entity File Number 0-20322  
Document Fiscal Year Focus 2021  
Document Fiscal Period Focus Q2  
Trading Symbol SBUX  
Entity Central Index Key 0000829224  
Current Fiscal Year End Date --10-03  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Common Stock, Shares Outstanding   1,178.3
Entity Registrant Name Starbucks Corporation  
Entity Address, Address Line One 2401 Utah Avenue South  
Entity Address, City or Town Seattle  
Entity Address, State or Province WA  
Entity Address, Postal Zip Code 98134  
City Area Code 206  
Local Phone Number 447-1575  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Shell Company false  
Security Exchange Name NASDAQ  
Entity Tax Identification Number 91-1325671  
Document Information [Line Items]    
Entity Shell Company false  
v3.21.1
Condensed Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Total net revenues $ 6,668.0 $ 5,995.7 $ 13,417.5 $ 13,092.8
Product and distribution costs 1,992.4 1,997.7 4,041.5 4,234.2
Store operating expenses 2,823.3 2,721.4 5,690.7 5,542.9
Other operating expenses 87.7 95.0 179.5 196.7
Depreciation and amortization expenses 366.7 356.3 732.6 707.4
General and administrative expenses 464.4 406.5 936.5 840.7
Restructuring and impairments 23.0 (0.7) 95.2 5.6
Total operating expenses 5,757.5 5,576.2 11,676.0 11,527.5
Income from equity investees 77.1 67.9 159.7 141.9
Operating income 987.6 487.4 1,901.2 1,707.2
Interest income and other, net 17.3 2.0 32.7 18.0
Interest expense (115.0) (99.2) (235.8) (191.1)
Earnings before income taxes 889.9 390.2 1,698.1 1,534.1
Income tax expense 230.5 65.4 416.5 324.0
Net earnings including noncontrolling interests 659.4 324.8 1,281.6 1,210.1
Net loss attributable to noncontrolling interests 0.0 (3.6) 0.0 (4.0)
Net earnings attributable to Starbucks $ 659.4 $ 328.4 $ 1,281.6 $ 1,214.1
EPS — basic $ 0.56 $ 0.28 $ 1.09 $ 1.03
EPS — diluted $ 0.56 $ 0.28 $ 1.08 $ 1.02
Weighted average shares outstanding:        
Basic 1,177.5 1,171.8 1,176.3 1,176.1
Diluted 1,184.8 1,180.7 1,183.9 1,185.8
Company-operated stores [Member]        
Total net revenues $ 5,653.1 $ 4,766.0 $ 11,379.6 $ 10,546.6
Licensed stores [Member]        
Total net revenues 595.0 689.8 1,208.8 1,481.9
Product and Service, Other [Member]        
Total net revenues $ 419.9 $ 539.9 $ 829.1 $ 1,064.3
v3.21.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Net earnings including noncontrolling interests $ 659.4 $ 324.8 $ 1,281.6 $ 1,210.1
Other comprehensive loss, net of tax:        
Other comprehensive income/(loss) 19.6 (134.4) 238.3 (23.3)
Comprehensive income including noncontrolling interests 679.0 190.4 1,519.9 1,186.8
Comprehensive income/(loss) attributable to noncontrolling interests 0.0 (3.6) 0.0 (4.0)
Comprehensive income attributable to Starbucks 679.0 194.0 1,519.9 1,190.8
Available-for-sale Securities [Member]        
Other comprehensive loss, net of tax:        
Unrealized holding gains/(losses) on available-for-sale securities, before tax (2.5) 3.2 (3.0) 3.1
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit 0.5 (0.7) 0.6 (0.7)
Cash Flow Hedging [Member]        
Other comprehensive loss, net of tax:        
Unrealized gains/(losses) on hedging instruments, before tax 97.2 (127.9) 104.9 (95.5)
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit (23.9) 31.2 (26.8) 24.6
Net Investment Hedging [Member]        
Other comprehensive loss, net of tax:        
Unrealized gains/(losses) on hedging instruments, before tax 47.7 57.6 17.5 81.3
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit (12.1) (14.6) (4.5) (20.6)
Translation Adjustment [Member]        
Other comprehensive loss, net of tax:        
Translation adjustment and other, before tax (83.4) (79.9) 155.3 (3.8)
Translation adjustment and other, tax (expense)/benefit 2.2 1.5 2.2 1.5
Other comprehensive income/(loss) (81.2) (78.4) 157.5 (2.3)
Reclassification out of Accumulated Other Comprehensive Income [Member]        
Other comprehensive loss, net of tax:        
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, before tax (7.9) (6.4) (11.5) (17.1)
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit) $ 1.8 $ 1.6 $ 3.6 $ 3.9
v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Par value of common stock $ 0.001 $ 0.001
Authorized shares of common stock 2,400,000,000.0 2,400,000,000.0
Common Stock, Shares, Issued 1,177,900,000 1,173,300,000
Current assets:    
Cash and cash equivalents $ 3,880.7 $ 4,350.9
Short-term investments 123.0 281.2
Accounts receivable, net 880.2 883.4
Inventories 1,503.6 1,551.4
Prepaid expenses and other current assets 592.0 739.5
Total current assets 6,979.5 7,806.4
Long-term investments 284.8 206.1
Equity investments 499.4 478.7
Property, plant and equipment, net 6,123.1 6,241.4
Operating lease, right-of-use asset 8,036.8 8,134.1
Deferred income taxes, net 1,770.0 1,789.9
Other long-term assets 574.9 568.6
Other intangible assets 444.3 552.1
Goodwill 3,658.9 3,597.2
TOTAL ASSETS 28,371.7 29,374.5
Current liabilities:    
Accounts payable 1,033.6 997.9
Accrued liabilities 1,771.6 1,160.7
Accrued payroll and benefits 646.1 696.0
Income taxes payable 117.0 98.2
Current portion of operating lease liability 1,296.4 1,248.8
Stored value card liability and current portion of deferred revenue 1,622.1 1,456.5
Short-term debt 18.3 438.8
Current portion of long-term debt 0.0 1,249.9
Total current liabilities 6,505.1 7,346.8
Long-term debt 14,630.3 14,659.6
Operating lease liability 7,577.7 7,661.7
Deferred revenue 6,532.1 6,598.5
Other long-term liabilities 774.8 907.3
Total liabilities 36,020.0 37,173.9
Shareholders' deficit:    
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,177.9 and 1,173.3 shares, respectively 1.2 1.2
Additional paid-in capital 595.4 373.9
Retained deficit (8,124.3) (7,815.6)
Accumulated other comprehensive loss (126.3) (364.6)
Total shareholders’ deficit (7,654.0) (7,805.1)
Noncontrolling interests 5.7 5.7
Total deficit (7,648.3) (7,799.4)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT) $ 28,371.7 $ 29,374.5
v3.21.1
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares
Mar. 28, 2021
Sep. 27, 2020
Statement of Financial Position [Abstract]    
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized 2,400,000,000.0 2,400,000,000.0
Common stock, shares issued 1,177,900,000 1,173,300,000
v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
OPERATING ACTIVITIES:    
Net earnings including noncontrolling interests $ 1,281.6 $ 1,210.1
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 772.9 746.9
Deferred income taxes, net (25.2) 47.7
Income earned from equity method investees (131.3) (116.3)
Distributions received from equity method investees 130.2 98.1
Stock-based compensation 175.3 146.6
Non-cash lease costs 617.9 596.3
Loss on retirement and impairment of assets 175.4 30.9
Other (15.4) 36.8
Cash provided by/(used in) changes in operating assets and liabilities:    
Accounts receivable 12.8 (60.7)
Inventories 51.3 36.9
Prepaid expenses and other current assets 139.7 (247.7)
Income taxes payable 40.0 (1,227.4)
Accounts payable 21.3 (186.4)
Deferred revenue 89.8 112.1
Operating lease liability (676.3) (608.6)
Other operating assets and liabilities 59.5 (140.5)
Net cash provided by operating activities 2,719.5 474.8
INVESTING ACTIVITIES:    
Purchases of investments (321.7) (65.1)
Sales of investments 121.7 93.7
Maturities and calls of investments 289.0 4.3
Additions to property, plant and equipment (647.9) (758.3)
Other (20.1) (22.5)
Net cash used in investing activities (579.0) (747.9)
FINANCING ACTIVITIES:    
Net proceeds/(payments) from issuance of commercial paper (296.5) 613.0
Net proceeds from issuance of short-term debt 203.3 494.1
Repayments of short-term debt (320.5) 0.0
Proceeds from issuance of long-term debt 0.0 1,739.7
Repayments of long-term debt (1,250.0) 0.0
Proceeds from issuance of common stock 134.4 65.4
Cash dividends paid (1,058.0) (965.2)
Repurchase of common stock 0.0 (1,698.9)
Minimum tax withholdings on share-based awards (90.1) (87.6)
Other 0.0 (10.4)
Net cash provided by/(used in) financing activities (2,677.4) 150.1
Effect of exchange rate changes on cash and cash equivalents 66.7 8.7
Net decrease in cash and cash equivalents (470.2) (114.3)
CASH AND CASH EQUIVALENTS:    
Beginning of period 4,350.9 2,686.6
End of period 3,880.7 2,572.3
Cash paid during the period for:    
Interest, net of capitalized interest 250.8 186.3
Income taxes $ 236.2 $ 1,726.2
v3.21.1
Condensed Consolidated Statements of Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings/(Deficit) [Member]
AOCI Attributable to Parent [Member]
Parent [Member]
Noncontrolling Interest [Member]
Balance, Amount at Sep. 29, 2019 $ (6,231.0) $ 1.2 $ 41.1 $ (5,771.2) $ (503.3) $ (6,232.2) $ 1.2
Common Stock, Shares, Outstanding, Beginning Balance at Sep. 29, 2019   1,184.6          
Cumulative effect of adoption of new accounting guidance 17.3 $ 0.0 0.0 12.5 4.8 17.3 0.0
Net earnings/(loss) 1,210.1 0.0 0.0 1,214.1 0.0 1,214.1 (4.0)
Other comprehensive income/(loss) (23.3) 0.0 0.0 0.0 (23.3) (23.3) 0.0
Stock-based compensation expense 148.4 $ 0.0 148.4 0.0 0.0 148.4 0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture   3.6          
Exercise of stock options/vesting of RSUs (40.5) $ 0.0 (40.5) 0.0 0.0 (40.5) 0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans   0.2          
Sale of common stock 18.5 $ 0.0 18.5 0.0 0.0 18.5 0.0
Stock Repurchased and Retired During Period, Shares   (20.3)          
Stock Repurchased and Retired During Period, Value (1,675.0) $ 0.0 (126.4) (1,548.6) 0.0 (1,675.0) 0.0
Dividends, Cash $ (957.4) $ 0.0 0.0 (957.4) 0.0 (957.4) 0.0
Common Stock, Dividends, Per Share, Declared $ 0.82            
Common Stock, Shares, Outstanding at Mar. 29, 2020   1,168.1          
Balance, Amount at Mar. 29, 2020 $ (7,532.9) $ 1.2 41.1 (7,050.6) (521.8) (7,530.1) (2.8)
Balance, Amount at Dec. 29, 2019 (6,759.1) $ 1.2 41.1 (6,414.8) (387.4) (6,759.9) 0.8
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 29, 2019   1,174.5          
Net earnings/(loss) 324.8 $ 0.0 0.0 328.4 0.0 328.4 (3.6)
Other comprehensive income/(loss) (134.4) 0.0 0.0 0.0 (134.4) (134.4) 0.0
Stock-based compensation expense 57.1 $ 0.0 57.1 0.0 0.0 57.1 0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture   0.8          
Exercise of stock options/vesting of RSUs 13.6 $ 0.0 13.6 0.0 0.0 13.6 0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans   0.1          
Sale of common stock 9.6 $ 0.0 9.6 0.0 0.0 9.6 0.0
Stock Repurchased and Retired During Period, Shares   (7.3)          
Stock Repurchased and Retired During Period, Value (567.1) $ 0.0 (80.3) (486.8) 0.0 (567.1) 0.0
Dividends, Cash $ (477.4) $ 0.0 0.0 (477.4) 0.0 (477.4) 0.0
Common Stock, Dividends, Per Share, Declared $ 0.41            
Common Stock, Shares, Outstanding at Mar. 29, 2020   1,168.1          
Balance, Amount at Mar. 29, 2020 $ (7,532.9) $ 1.2 41.1 (7,050.6) (521.8) (7,530.1) (2.8)
Balance, Amount at Sep. 27, 2020 (7,799.4) $ 1.2 373.9 (7,815.6) (364.6) (7,805.1) 5.7
Common Stock, Shares, Outstanding, Beginning Balance at Sep. 27, 2020   1,173.3          
Cumulative effect of adoption of new accounting guidance (2.2) $ 0.0 0.0 (2.2) 0.0 (2.2) 0.0
Net earnings/(loss) 1,281.6 0.0 0.0 1,281.6 0.0 1,281.6 0.0
Other comprehensive income/(loss) 238.3 0.0 0.0 0.0 238.3 238.3 0.0
Stock-based compensation expense 177.2 $ 0.0 177.2 0.0 0.0 177.2 0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture   4.4          
Exercise of stock options/vesting of RSUs 24.0 $ 0.0 24.0 0.0 0.0 24.0 0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans   0.2          
Sale of common stock 20.3 $ 0.0 20.3 0.0 0.0 20.3 0.0
Dividends, Cash $ (1,588.1) $ 0.0 0.0 (1,588.1) 0.0 (1,588.1) 0.0
Common Stock, Dividends, Per Share, Declared $ 1.35            
Common Stock, Shares, Outstanding at Mar. 28, 2021   1,177.9          
Balance, Amount at Mar. 28, 2021 $ (7,648.3) $ 1.2 595.4 (8,124.3) (126.3) (7,654.0) 5.7
Balance, Amount at Dec. 27, 2020 (7,904.0) $ 1.2 488.6 (8,253.6) (145.9) (7,909.7) 5.7
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 27, 2020   1,177.2          
Net earnings/(loss) 659.4 $ 0.0 0.0 659.4 0.0 659.4 0.0
Other comprehensive income/(loss) 19.6 0.0 0.0 0.0 19.6 19.6 0.0
Stock-based compensation expense 76.7 $ 0.0 76.7 0.0 0.0 76.7 0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture   0.6          
Exercise of stock options/vesting of RSUs 20.0 $ 0.0 20.0 0.0 0.0 20.0 0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans   0.1          
Sale of common stock 10.1 $ 0.0 10.1 0.0 0.0 10.1 0.0
Dividends, Cash $ (530.1) $ 0.0 0.0 (530.1) 0.0 (530.1) 0.0
Common Stock, Dividends, Per Share, Declared $ 0.45            
Common Stock, Shares, Outstanding at Mar. 28, 2021   1,177.9          
Balance, Amount at Mar. 28, 2021 $ (7,648.3) $ 1.2 $ 595.4 $ (8,124.3) $ (126.3) $ (7,654.0) $ 5.7
v3.21.1
Derivative Financial Instruments
 6 Months Ended
Mar. 28, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Interest Rates
From time to time, we enter into designated cash flow hedges to manage the variability in cash flows due to changes in benchmark interest rates. We enter into interest rate swap agreements and treasury locks, which are synthetic forward sales of U.S. treasury securities settled in cash based upon the difference between an agreed-upon treasury rate and the prevailing treasury rate at settlement. These agreements are cash settled at the time of the pricing of the related debt. Each derivative agreement's gain or loss is recorded in accumulated other comprehensive income (“AOCI”) and is subsequently reclassified to interest expense over the life of the related debt.
To hedge the exposure to changes in the fair value of our fixed-rate debt, we enter into interest rate swap agreements, which are designated as fair value hedges. The changes in fair values of these derivative instruments and the offsetting changes in fair values of the underlying hedged debt due to changes in the relevant benchmark interest rates are recorded in interest expense. Refer to Note 7, Debt, for additional information on our long-term debt.
Foreign Currency
To reduce cash flow volatility from foreign currency fluctuations, we enter into forward and swap contracts to hedge portions of cash flows of anticipated intercompany royalty payments, inventory purchases, and intercompany borrowing and lending activities. The resulting gains and losses from these derivatives are recorded in AOCI and subsequently reclassified to revenue, product and distribution costs, or interest income and other, net, respectively, when the hedged exposures affect net earnings.
From time to time, we may enter into financial instruments, including, but not limited to, forward and swap contracts or foreign currency-denominated debt, to hedge the currency exposure of our net investments in certain international operations. The
resulting gains and losses from these derivatives are recorded in AOCI and are subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated.
Foreign currency forward and swap contracts not designated as hedging instruments are used to mitigate the foreign exchange risk of certain other balance sheet items. Gains and losses from these derivatives are largely offset by the financial impact of translating foreign currency-denominated payables and receivables; these gains and losses are recorded in interest income and other, net.
Commodities
Depending on market conditions, we may enter into coffee forward contracts, futures contracts and collars to hedge anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 4, Inventories, or our longer-dated forecasted coffee demand where underlying fixed price and price-to-be-fixed contracts are not yet available. The resulting gains and losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.
Depending on market conditions, we may also enter into dairy forward contracts and futures contracts to hedge a portion of anticipated cash flows under our dairy purchase contracts and our forecasted dairy demand. The resulting gains or losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.
Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. For de-designated cash flow hedges in which the underlying transactions are no longer probable of occurring, the related accumulated derivative gains or losses are recognized in interest income and other, net on our consolidated statements of earnings. During the quarter and two quarters ended March 29, 2020, we de-designated certain cash flow hedges due to the global COVID-19 impacts, which resulted in the release of an insignificant net gain from AOCI to our consolidated statement of earnings. There were no significant cash flow hedge de-designations in fiscal 2021.
To mitigate the price uncertainty of a portion of our future purchases, including diesel fuel and other commodities, we enter into swap contracts, futures and collars that are not designated as hedging instruments. The resulting gains and losses are recorded in interest income and other, net to help offset price fluctuations on our beverage, food, packaging and transportation costs, which are included in product and distribution costs on our consolidated statements of earnings.
Gains and losses on derivative contracts and foreign currency-denominated debt designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
Net Gains/(Losses)
Included in AOCI
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
Outstanding Contract/Debt Remaining Maturity
(Months)
Mar 28, 2021Sep 27, 2020
Cash Flow Hedges:
Coffee$15.3 $(2.5)$9.5 12
Cross-currency swaps5.3 5.2 — 44
Dairy 0.2 0.5 0.2 5
Foreign currency - other(9.5)5.3 (4.9)34
Interest rates(17.0)(90.6)(0.7)139
Net Investment Hedges:
Cross-currency swaps19.9 32.6 — 102
Foreign currency16.0 16.0 — 0
Foreign currency debt(16.3)(37.1)— 36
Pre-tax gains and losses on derivative contracts and foreign currency-denominated long-term debt designated as hedging instruments recognized in OCI and reclassifications from AOCI to earnings (in millions):
Quarter Ended
Gains/(Losses) Recognized in
OCI Before Reclassifications
Gains/(Losses) Reclassified from
AOCI to Earnings
Location of gain/(loss)
Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Cash Flow Hedges:
Coffee$5.7 $(12.1)$(3.4)$— Product and distribution costs
Cross-currency swaps13.8 2.9 0.6 (0.4)Interest expense
13.5 0.2 Interest income and other, net
Dairy(0.9)(4.9)(0.6)0.7 Product and distribution costs
— (0.6)
Interest income and other, net(1)
Foreign currency - other7.1 26.8 0.2 0.9 Licensed stores revenues
(1.9)(1.0)Product and distribution costs
— 2.0 
Interest income and other, net(1)
Interest rates71.5 (140.6)(0.5)0.5 Interest expense
(3.6)— Interest income and other, net
Net Investment Hedges:
Cross-currency swaps 6.1 58.0 3.4 3.9 Interest expense
Foreign currency debt41.6 (0.4)— — 
(1)As a result of the global COVID-19 impacts, Starbucks discontinued cash flow hedges during the quarter ended March 29, 2020.
Two Quarters Ended
Gains/(Losses) Recognized in
OCI Before Reclassifications		Gains/(Losses) Reclassified from
AOCI to Earnings		Location of gain/(loss)
Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Cash Flow Hedges:
Coffee17.7 (1.1)(2.7)— Product and distribution costs
Cross-currency swaps10.4 9.1 1.6 (0.6)Interest expense
8.7 5.8 Interest income and other, net
Dairy1.6 (5.0)2.0 0.7 Product and distribution costs
— (0.6)
Interest income and other, net(1)
Foreign currency - other(18.8)22.1 0.2 2.6 Licensed stores revenues
(1.9)(1.3)Product and distribution costs
— 2.0 
Interest income and other, net(1)
Interest rates94.0 (120.6)(1.1)1.3 Interest expense
(3.6)— Interest income and other, net
Net Investment Hedges:
Cross-currency swaps (10.4)68.7 6.6 7.2 Interest expense
Foreign currency debt27.9 12.6 — — 
(1)As a result of the global COVID-19 impacts, Starbucks discontinued cash flow hedges during the two quarters ended March 29, 2020.
Pre-tax gains and losses on non-designated derivatives and designated fair value hedging instruments and the related fair value hedged item recognized in earnings (in millions):
Gains/(Losses) Recognized in Earnings
 Location of gain/(loss) recognized in earnings Quarter EndedTwo Quarters Ended
 Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Non-Designated Derivatives:
Diesel fuel and other commoditiesInterest income and other, net$0.8 $(8.9)$2.0 $(8.0)
Foreign currency - otherInterest income and other, net(0.8)4.9 (1.7)8.3 
Fair Value Hedges:
Interest rate swapInterest expense(1.5)35.2 (1.1)24.3 
Long-term debt (hedged item)Interest expense4.8 (27.5)7.7 (23.3)
Notional amounts of outstanding derivative contracts (in millions):
Mar 28, 2021Sep 27, 2020
Coffee$210 $63 
Cross-currency swaps838 870 
Dairy18 61 
Diesel fuel and other commodities12 5 
Foreign currency - other 1,183 1,140 
Interest rate swap1,750 1,750 
Fair value of outstanding derivative contracts (in millions) including the location of the asset and/or liability on the consolidated balance sheets:
Derivative Assets
Balance Sheet LocationMar 28, 2021Sep 27, 2020
Designated Derivative Instruments:
CoffeePrepaid expenses and other current assets$12.9 $2.6 
Cross-currency swapsOther long-term assets28.6 37.7 
DairyPrepaid expenses and other current assets 0.6 2.1 
Foreign currency - otherPrepaid expenses and other current assets6.4 8.6 
Other long-term assets4.3 3.8 
Interest ratesOther long-term assets24.7 — 
Interest rate swapOther long-term assets38.5 45.8 
Non-designated Derivative Instruments:
Diesel fuel and other commoditiesPrepaid expenses and other current assets1.4 — 
Foreign currencyPrepaid expenses and other current assets0.7 2.3 
Derivative Liabilities
Balance Sheet LocationMar 28, 2021Sep 27, 2020
Designated Derivative Instruments:
CoffeeAccrued liabilities$— $1.4 
Other long-term liabilities— 0.1 
Cross-currency swapsOther long-term liabilities4.7 7.3 
DairyAccrued liabilities0.4 1.4 
Foreign currency - otherAccrued liabilities11.2 1.6 
Other long-term liabilities8.9 2.6 
Interest ratesOther long-term liabilities— 69.3 
Non-designated Derivative Instruments:
Diesel fuel and other commoditiesAccrued liabilities0.1 1.7 
Foreign currencyAccrued liabilities1.6 1.2 
The following amounts were recorded on the consolidated balance sheets related to fixed-to-floating interest rate swaps designated in fair value hedging relationships:
Carrying amount of hedged itemCumulative amount of fair value hedging adjustment included in the carrying amount
Mar 28, 2021Sep 27, 2020Mar 28, 2021Sep 27, 2020
Location on the balance sheet
Long-term debt$777.9 $785.6 $27.9 $35.6 
Additional disclosures related to cash flow gains and losses included in AOCI, as well as subsequent reclassifications to earnings, are included in Note 10, Equity.
v3.21.1
Fair Value Measurements
 6 Months Ended
Mar. 28, 2021
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Assets and liabilities measured at fair value on a recurring basis (in millions):
  Fair Value Measurements at Reporting Date Using
 Balance at
March 28, 2021		Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant  Other Observable Inputs
(Level 2)		Significant Unobservable  Inputs
(Level 3)
Assets:
Cash and cash equivalents$3,880.7 $3,880.7 $— $— 
Short-term investments:
Available-for-sale debt securities
Commercial paper38.5 — 38.5 — 
Corporate debt securities14.0 — 14.0 — 
State and local government obligations1.0 — 1.0 — 
Total available-for-sale debt securities53.5 — 53.5 — 
Marketable equity securities69.5 69.5 — — 
Total short-term investments123.0 69.5 53.5 — 
Prepaid expenses and other current assets:
Derivative assets22.0 13.2 8.8 — 
Long-term investments:
Available-for-sale debt securities
Auction rate securities5.7 — — 5.7 
Corporate debt securities167.4 — 167.4 — 
Foreign government obligations4.0 — 4.0 — 
Mortgage and other asset-backed securities18.0 — 18.0 — 
State and local government obligations4.1 — 4.1 — 
U.S. government treasury securities85.6 85.6 — — 
Total long-term investments284.8 85.6 193.5 5.7 
Other long-term assets:
Derivative assets96.1 — 96.1 — 
Total assets$4,406.6 $4,049.0 $351.9 $5.7 
Liabilities:
Accrued liabilities:
Derivative liabilities$13.3 $0.2 $13.1 $— 
Other long-term liabilities:
Derivative liabilities13.6 — 13.6 — 
Total liabilities$26.9 $0.2 $26.7 $— 
  Fair Value Measurements at Reporting Date Using
 Balance at
September 27, 2020		Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)
Significant
Unobservable  Inputs
(Level 3)
Assets:
Cash and cash equivalents$4,350.9 $4,350.9 $— $— 
Short-term investments:
Available-for-sale debt securities
Certificates of deposit1.6 — 1.6 — 
Commercial paper66.8 — 66.8 — 
Corporate debt securities123.6 — 123.6 — 
Foreign government obligations8.5 — 8.5— 
Mortgage and other asset-backed securities15.8 — 15.8 — 
Total available-for-sale debt securities216.3 — 216.3 — 
Marketable equity securities64.9 64.9 — — 
Total short-term investments281.2 64.9 216.3 — 
Prepaid expenses and other current assets:
Derivative assets15.6 3.6 12.0 — 
Long-term investments:
Available-for-sale debt securities
Auction rate securities5.7 — — 5.7 
Corporate debt securities82.6 — 82.6 — 
Mortgage and other asset-backed securities19.3 — 19.3 — 
State and local government obligations3.6 — 3.6 — 
U.S. government treasury securities94.9 94.9 — — 
Total long-term investments206.1 94.9 105.5 5.7 
Other long-term assets:
Derivative assets87.3 — 87.3 — 
Total assets$4,941.1 $4,514.3 $421.1 $5.7 
Liabilities:
Accrued liabilities:
Derivative liabilities$7.3 $1.9 $5.4 $— 
Other long-term liabilities:
Derivative liabilities79.3 0.1 79.2 — 
Total liabilities$86.6 $2.0 $84.6 $— 
There were no material transfers between levels, and there was no significant activity within Level 3 instruments during the periods presented. The fair values of any financial instruments presented above exclude the impact of netting assets and liabilities when a legally enforceable master netting agreement exists.
Gross unrealized holding gains and losses on available-for-sale debt securities and marketable equity securities were not material as of March 28, 2021 and September 27, 2020.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, ROU assets, goodwill and other intangible assets and other assets. These assets are measured at fair value if determined to be impaired. During our first two quarters of fiscal 2021, we recorded asset impairment charges, primarily related to restructuring efforts for our North America store portfolio. See Note 1, Summary of Significant Accounting Policies, for further discussion.
The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 7, Debt. There were no material fair value adjustments during the two quarters ended March 28, 2021 and March 29, 2020.
v3.21.1
Inventories
 6 Months Ended
Mar. 28, 2021
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block] Inventories (in millions):
Mar 28, 2021Sep 27, 2020
Coffee:
Unroasted$690.0 $664.7 
Roasted221.7 223.5 
Other merchandise held for sale266.6 293.9 
Packaging and other supplies325.3 369.3 
Total$1,503.6 $1,551.4 
Other merchandise held for sale includes, among other items, serveware, food and tea. Inventory levels vary due to seasonality, commodity market supply and price fluctuations.
As of March 28, 2021, we had committed to purchasing green coffee totaling $637 million under fixed-price contracts and an estimated $654 million under price-to-be-fixed contracts. We expect to take physical delivery for these contracts. A portion of our price-to-be-fixed contracts are effectively fixed through the use of futures. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period and other negotiated terms are agreed upon, but the date, and therefore the price, at which the base “C” coffee commodity price component will be fixed has not yet been established. For most contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. For other contracts, Starbucks and the seller may agree upon pricing parameters determined by the base “C” coffee commodity price. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on established relationships with our suppliers and continuous monitoring, the risk of non-delivery on these purchase commitments is remote.
During the second quarter of fiscal 2020, we wrote off approximately $50 million of inventory that was expiring or expected to expire due to COVID-19 related store closures, primarily perishable food and beverage ingredients located at our stores, distribution centers and suppliers. We did not record significant write-offs related to COVID-19 during the first half of fiscal 2021.
v3.21.1
Supplemental Balance Sheet and Income Statement
 6 Months Ended
Mar. 28, 2021
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet and Income Statement Disclosures Supplemental Balance Sheet and Statement of Earnings Information (in millions):
Prepaid Expenses and Other Current Assets
Mar 28, 2021Sep 27, 2020
Income tax receivable$180.6 $356.9 
Government subsidies receivable158.6 155.1 
Other prepaid expenses and current assets252.8 227.5 
Total prepaid expenses and current assets$592.0 $739.5 
Property, Plant and Equipment, net
Mar 28, 2021Sep 27, 2020
Land$46.2 $46.0 
Buildings592.3 586.8 
Leasehold improvements8,246.4 8,262.6 
Store equipment2,817.1 2,800.3 
Roasting equipment807.0 796.6 
Furniture, fixtures and other1,288.6 1,285.7 
Work in progress389.9 377.3 
Property, plant and equipment, gross14,187.5 14,155.3 
Accumulated depreciation(8,064.4)(7,913.9)
Property, plant and equipment, net$6,123.1 $6,241.4 
Accrued Liabilities
Mar 28, 2021Sep 27, 2020
Accrued occupancy costs$76.1 $76.9 
Accrued dividends payable530.1 — 
Accrued capital and other operating expenditures757.7 677.2 
Self-insurance reserves236.4 243.9 
Accrued business taxes171.3 162.7 
Total accrued liabilities$1,771.6 $1,160.7 
Store Operating Expenses
Quarter EndedTwo Quarters Ended
Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Wages and benefits$1,664.9 $1,608.0 $3,271.1 $3,206.0 
Occupancy costs626.2 593.9 1,254.3 1,212.6 
Other expenses532.2 519.5 1,165.3 1,124.3 
Total store operating expenses$2,823.3 $2,721.4 $5,690.7 $5,542.9 
v3.21.1
Other Intangible Assets and Goodwill
 6 Months Ended
Mar. 28, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block] Other Intangible Assets and Goodwill
Indefinite-Lived Intangible Assets
(in millions)Mar 28, 2021Sep 27, 2020
Trade names, trademarks and patents$95.7 $95.0 
Finite-Lived Intangible Assets
Mar 28, 2021Sep 27, 2020
(in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired and reacquired rights$1,137.8 $(880.8)$257.0 $1,116.1 $(765.0)$351.1 
Acquired trade secrets and processes27.6 (23.4)4.2 27.6 (22.0)5.6 
Trade names, trademarks and patents125.4 (42.1)83.3 124.8 (32.1)92.7 
Licensing agreements16.0 (15.7)0.3 16.6 (15.0)1.6 
Other finite-lived intangible assets23.7 (19.9)3.8 22.8 (16.7)6.1 
Total finite-lived intangible assets$1,330.5 $(981.9)$348.6 $1,307.9 $(850.8)$457.1 
Amortization expense for finite-lived intangible assets was $62.2 million and $123.4 million for the quarter and two quarters ended March 28, 2021, respectively and $54.5 million and $108.6 million for the quarter and two quarters ended March 29, 2020, respectively.
Estimated future amortization expense as of March 28, 2021 (in millions):
Fiscal YearTotal
2021 (excluding the two quarters ended March 28, 2021)
$103.6 
2022190.3 
202319.6 
202419.0 
202513.1 
Thereafter3.0 
Total estimated future amortization expense$348.6 
Goodwill
Changes in the carrying amount of goodwill by reportable operating segment (in millions):
AmericasInternationalChannel DevelopmentCorporate and OtherTotal
Goodwill balance at September 27, 2020
$496.5 $3,065.0 $34.7 $1.0 $3,597.2 
Other(1)
1.6 60.1 — — 61.7 
Goodwill balance at March 28, 2021
$498.1 $3,125.1 $34.7 $1.0 $3,658.9 
(1)“Other” consists of changes in the goodwill balance resulting from foreign currency translation.
v3.21.1
Debt
 6 Months Ended
Mar. 28, 2021
Debt Disclosure [Abstract]  
Debt Debt
Short-term Debt
Under our commercial paper program, we may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $3 billion, with individual maturities that may vary but not exceed 397 days from the date of issue. Amounts outstanding under the commercial paper program are required to be backstopped by available commitments under our credit facility. The proceeds from borrowings under our commercial paper program may be used for working capital needs, capital expenditures and other corporate purposes, including, but not limited to, business expansion, payment of cash dividends on our common stock and share repurchases. As of March 28, 2021, we had no borrowings outstanding under the program.
Additionally, we hold the following Japanese yen-denominated credit facilities that are available for working capital needs and capital expenditures within our Japanese market:
•A ¥5 billion, or $45.8 million, facility is currently set to mature on December 30, 2021. Borrowings under the credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.400%.
•A ¥10 billion, or $91.6 million, facility is currently set to mature on March 26, 2022. Borrowings under the credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.350%.
As of March 28, 2021, we had ¥2 billion , or $18.3 million, of borrowings outstanding under these credit facilities.
Long-term Debt
Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):
Mar 28, 2021Sep 27, 2020Stated Interest Rate
Effective Interest Rate(1)
IssuanceAmountEstimated Fair ValueAmountEstimated Fair Value
November 2020 notes(2)
$— $— $500.0 $501.5 2.200 %2.228 %
February 2021 notes(2)
— — 500.0 502.3 2.100 %2.293 %
February 2021 notes(2)
— — 250.0 251.1 2.100 %1.600 %
May 2022 notes500.0 505.3 500.0 506.5 1.300 %1.334 %
June 2022 notes500.0 512.3 500.0 517.5 2.700 %2.819 %
March 2023 notes1,000.0 1,049.1 1,000.0 1,058.8 3.100 %3.107 %
October 2023 notes(3)
750.0 807.9 750.0 817.5 3.850 %2.859 %
March 2024 notes(4)
778.5 766.8 806.4 794.4 0.372 %0.462 %
August 2025 notes1,250.0 1,382.3 1,250.0 1,414.5 3.800 %3.721 %
June 2026 notes500.0 525.0 500.0 542.6 2.450 %2.511 %
March 2027 notes500.0 509.3 500.0 528.9 2.000 %2.058 %
March 2028 notes600.0 650.6 600.0 679.5 3.500 %3.529 %
November 2028 notes750.0 841.5 750.0 886.0 4.000 %3.958 %
August 2029 notes1,000.0 1,088.7 1,000.0 1,147.1 3.550 %3.840 %
March 2030 notes750.0 736.5 750.0 778.0 2.250 %3.084 %
November 2030 notes1,250.0 1,252.5 1,250.0 1,325.9 2.550 %2.582 %
June 2045 notes350.0 385.8 350.0 412.4 4.300 %4.348 %
December 2047 notes500.0 515.0 500.0 546.6 3.750 %3.765 %
November 2048 notes1,000.0 1,150.2 1,000.0 1,222.8 4.500 %4.504 %
August 2049 notes1,000.0 1,137.4 1,000.0 1,215.5 4.450 %4.447 %
March 2050 notes500.0 482.9 500.0 517.1 3.350 %3.362 %
November 2050 notes1,250.0 1,247.7 1,250.0 1,332.2 3.500 %3.528 %
Total14,728.5 15,546.8 16,006.4 17,498.7 
Aggregate debt issuance costs and unamortized premium/(discount), net(126.1)(132.5)
Hedge accounting fair value adjustment(3)
27.935.6
Total$14,630.3 $15,909.5 
(1)Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge interest rate risk prior to the debt issuance.
(2)November 2020 and February 2021 notes were repaid in the first and second quarters of fiscal 2021, respectively.
(3)Amount includes the change in fair value due to changes in benchmark interest rates related to our October 2023 notes. Refer to Note 2, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge.
(4)Japanese yen-denominated long-term debt.
The following table summarizes our long-term debt maturities as of March 28, 2021 by fiscal year (in millions):
Fiscal Year Total
2021 $— 
20221,000.0 
20231,000.0 
20241,528.5 
20251,250.0 
Thereafter9,950.0 
Total$14,728.5 
v3.21.1
Leases
 6 Months Ended
Mar. 28, 2021
Leases [Abstract]  
Leases Leases
For the quarter and two quarters ended March 28, 2021, we recognized accelerated lease ROU asset amortization costs of $14.4 million and $44.0 million, which was recognized within restructuring and impairments on the consolidated statements of earnings.
The components of lease costs (in millions):
Quarter EndedTwo Quarters Ended
Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Operating lease costs(1)
$389.3 $377.4 $798.7 $750.5 
Variable lease costs224.3 197.2 446.7 426.0 
Short-term lease costs7.6 8.3 16.3 16.6 
Total lease costs$621.2 $582.9 $1,261.7 $1,193.1 
(1)Operating lease costs were net of immaterial amounts of sublease income. For the quarter and two quarters ended March 28, 2021, operating lease costs were also net of immaterial amounts of rent concessions.
The following table includes supplemental information (in millions):
Two Quarters Ended
Mar 28, 2021Mar 29, 2020
Cash paid related to operating lease liabilities$792.4 $726.0 
Operating lease liabilities arising from obtaining ROU assets659.6 506.6 
Mar 28, 2021Mar 29, 2020
Weighted-average remaining operating lease term8.7 years8.9 years
Weighted-average operating lease discount rate2.4 %2.5 %
Finance lease assets are recorded in property, plant and equipment, net with the corresponding lease liabilities included in accrued liabilities and other long-term liabilities on the consolidated balance sheet. There were no material finance leases as of March 28, 2021.
Minimum future maturities of operating lease liabilities (in millions):
Fiscal YearTotal
2021 (excluding the two quarters ended March 28, 2021)
$780.6 
20221,486.5 
20231,343.6 
20241,202.9 
20251,056.6 
Thereafter4,137.9 
Total lease payments10,008.1 
Less imputed interest(1,134.0)
Total$8,874.1 
As of March 28, 2021, we have entered into operating leases that have not yet commenced of $761.9 million, primarily related to real estate leases. These leases will commence between fiscal year 2021 and fiscal year 2027 with lease terms ranging from 3 years to 20 years.
v3.21.1
Deferred Revenue
 6 Months Ended
Mar. 28, 2021
Revenue from Contract with Customer Deferred Revenue
Our deferred revenue primarily consists of the prepaid royalty from Nestlé, for which we have continuing performance obligations to support the Global Coffee Alliance, our unredeemed stored value card liability and unredeemed loyalty points (“Stars”) associated with our loyalty program.
As of March 28, 2021, the current and long-term deferred revenue related to Nestlé was $178.9 million and $6.4 billion, respectively. During both quarters and two quarters ended March 28, 2021 and March 29, 2020, we recognized $44.2 million and $88.4 million of prepaid royalty revenue related to Nestlé, respectively.
Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):
Quarter Ended March 28, 2021
Total
Stored value cards and loyalty program at December 27, 2020
$1,750.0 
Revenue deferred - card activations, card reloads and Stars earned2,709.7 
Revenue recognized - card and Stars redemptions and breakage(2,977.8)
Other(1)
(6.7)
Stored value cards and loyalty program at March 28, 2021(2)
$1,475.2 
Quarter Ended March 29, 2020
Total
Stored value cards and loyalty program at December 29, 2019
$1,561.0 
Revenue deferred - card activations, card reloads and Stars earned2,453.6 
Revenue recognized - card and Stars redemptions and breakage(2,736.4)
Other(1)
(5.1)
Stored value cards and loyalty program at March 29, 2020(2)
$1,273.1 
Two Quarters Ended March 28, 2021
Total
Stored value cards and loyalty program at September 27, 2020
$1,280.5 
Revenue deferred - card activations, card reloads and Stars earned6,147.1 
Revenue recognized - card and Stars redemptions and breakage(5,958.0)
Other(1)
5.6 
Stored value cards and loyalty program at March 28, 2021(2)
$1,475.2 
Two Quarters Ended March 29, 2020
Total
Stored value cards and loyalty program at September 29, 2019
$1,113.7 
Revenue deferred - card activations, card reloads and Stars earned5,961.1 
Revenue recognized - card and Stars redemptions and breakage(5,798.3)
Other(1)
(3.4)
Stored value cards and loyalty program at March 29, 2020(2)
$1,273.1 
(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.
(2)As of March 28, 2021 and March 29, 2020, approximately $1,370.4 million and $1,191.5 million of these amounts were current, respectively.
v3.21.1
Equity
 6 Months Ended
Mar. 28, 2021
Equity [Abstract]  
Equity Equity
Changes in AOCI by component, net of tax (in millions):
Quarter Ended Available-for-Sale Debt Securities Cash Flow Hedges Net Investment HedgesTranslation Adjustment and OtherTotal
March 28, 2021
Net gains/(losses) in AOCI, beginning of period$4.1 $(75.5)$(13.5)$(61.0)$(145.9)
Net gains/(losses) recognized in OCI before reclassifications(2.0)73.3 35.6 (81.2)25.7 
Net (gains)/losses reclassified from AOCI to earnings(0.1)(3.5)(2.5)— (6.1)
Other comprehensive income/(loss) attributable to Starbucks(2.1)69.8 33.1 (81.2)19.6 
Net gains/(losses) in AOCI, end of period$2.0 $(5.7)$19.6 $(142.2)$(126.3)
March 29, 2020
Net gains/(losses) in AOCI, beginning of period$3.2 $33.7 $7.7 $(432.0)$(387.4)
Net gains/(losses) recognized in OCI before reclassifications2.5 (96.7)43.0 (78.4)(129.6)
Net (gains)/losses reclassified from AOCI to earnings(0.1)(1.8)(2.9)— (4.8)
Other comprehensive income/(loss) attributable to Starbucks2.4 (98.5)40.1 (78.4)(134.4)
Net gains/(losses) in AOCI, end of period$5.6 $(64.8)$47.8 $(510.4)$(521.8)
Two Quarters EndedAvailable-for-Sale Debt SecuritiesCash Flow HedgesNet Investment HedgesTranslation Adjustment and OtherTotal
March 28, 2021
Net gains/(losses) in AOCI, beginning of period$5.7 $(82.1)$11.5 $(299.7)$(364.6)
Net gains/(losses) recognized in OCI before reclassifications(2.4)78.1 13.0 157.5 246.2 
Net (gains)/losses reclassified from AOCI to earnings(1.3)(1.7)(4.9)— (7.9)
Other comprehensive income/(loss) attributable to Starbucks(3.7)76.4 8.1 157.5 238.3 
Net gains/(losses) in AOCI, end of period$2.0 $(5.7)$19.6 $(142.2)$(126.3)
March 29, 2020
Net gains/(losses) in AOCI, beginning of period$3.9 $11.0 $(10.1)$(508.1)$(503.3)
Net gains/(losses) recognized in OCI before reclassifications2.4 (70.9)60.7 (2.3)(10.1)
Net (gains)/losses reclassified from AOCI to earnings— (7.9)(5.3)— (13.2)
Other comprehensive income/(loss) attributable to Starbucks2.4 (78.8)55.4 (2.3)(23.3)
Cumulative effect of accounting adoption(0.7)3.0 2.5 — 4.8 
Net gains/(losses) in AOCI, end of period$5.6 $(64.8)$47.8 $(510.4)$(521.8)
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components		Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Mar 28, 2021Mar 29, 2020
Gains/(losses) on available-for-sale debt securities$0.2 $0.2 Interest income and other, net
Gains/(losses) on cash flow hedges4.3 2.3 
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges3.4 3.9 Interest expense
7.9 6.4 Total before tax
(1.8)(1.6)Tax (expense)/benefit
$6.1 $4.8 Net of tax
Two Quarters Ended
AOCI
Components		Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Mar 28, 2021Mar 29, 2020
Gains/(losses) on available-for-sale debt securities$1.7 $— Interest income and other, net
Gains/(losses) on cash flow hedges3.2 9.9 
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges6.6 7.2 Interest expense
11.5 17.1 Total before tax
(3.6)(3.9)Tax (expense)/benefit
$7.9 $13.2 Net of tax
In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of March 28, 2021.
As of March 28, 2021, 48.9 million shares remained available for repurchase under current authorizations. We have suspended our share repurchase program until we restore certain financial leverage targets, which we currently expect to occur in late fiscal 2021.
During the second quarter of fiscal 2021, our Board of Directors approved a quarterly cash dividend to shareholders of $0.45 per share to be paid on May 28, 2021 to shareholders of record as of the close of business on May 13, 2021.
v3.21.1
Employee Stock Plans
 6 Months Ended
Mar. 28, 2021
Share-based Payment Arrangement [Abstract]  
Employee Stock Plans Employee Stock Plans
As of March 28, 2021, there were 40.1 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 11.7 million shares available for issuance under our employee stock purchase plan.
Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):
 Quarter EndedTwo Quarters Ended
 Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Options$0.9 $0.7 $1.8 $2.4 
Restricted Stock Units (“RSUs”)75.1 55.6 173.5 144.2 
Total stock-based compensation expense$76.0 $56.3 $175.3 $146.6 
Stock option and RSU transactions from September 27, 2020 through March 28, 2021 (in millions):
Stock OptionsRSUs
Options outstanding/Nonvested RSUs, September 27, 2020
9.2 8.3 
Granted— 3.9 
Options exercised/RSUs vested(2.2)(3.0)
Forfeited/expired(0.1)(0.8)
Options outstanding/Nonvested RSUs, March 28, 2021
6.9 8.4 
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 28, 2021
$0.3 $253.8 
v3.21.1
Income Taxes
 6 Months Ended
Mar. 28, 2021
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The effective tax rate for the quarter ended March 28, 2021 was 25.9% compared to 16.8% for the same quarter in fiscal 2020. The increase was primarily due to higher earnings, including the foreign rate differential on our jurisdictional mix of earnings, partially offset by lapping valuation allowances recorded against deferred tax assets of certain international jurisdictions in the prior year.
The effective tax rate for the first two quarters ended March 28, 2021 was 24.5% compared to 21.1% for the same period in fiscal 2020. The increase was primarily due to higher earnings, including the foreign rate differential on our jurisdictional mix of earnings, partially offset by lapping valuation allowances recorded against deferred tax assets of certain international jurisdictions in the prior year.
v3.21.1
Earnings Per Share
 6 Months Ended
Mar. 28, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings per Share
Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
 Quarter EndedTwo Quarters Ended
 Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Net earnings attributable to Starbucks$659.4 $328.4 $1,281.6 $1,214.1 
Weighted average common shares outstanding (for basic calculation)1,177.5 1,171.8 1,176.3 1,176.1 
Dilutive effect of outstanding common stock options and RSUs7.3 8.9 7.6 9.7 
Weighted average common and common equivalent shares outstanding (for diluted calculation)1,184.8 1,180.7 1,183.9 1,185.8 
EPS — basic$0.56 $0.28 $1.09 $1.03 
EPS — diluted$0.56 $0.28 $1.08 $1.02 
Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding would exclude out-of-the-money stock options (i.e., such options’ exercise prices were greater than the average market price of our common shares for the period) because their inclusion would be antidilutive. As of March 28, 2021 and March 29, 2020, we had no out-of-the-money stock options
v3.21.1
Commitments and Contingencies
 6 Months Ended
Mar. 28, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block] Commitments and Contingencies
Legal Proceedings
On April 13, 2010, an organization named Council for Education and Research on Toxics (“Plaintiff”) filed a lawsuit in the Superior Court of the State of California, County of Los Angeles, against the Company and certain other defendants who manufacture, package, distribute or sell brewed coffee. The lawsuit is Council for Education and Research on Toxics v. Starbucks Corporation, et al. On May 9, 2011, the Plaintiff filed an additional lawsuit in the Superior Court of the State of California, County of Los Angeles, against the Company and additional defendants who manufacture, package, distribute or sell packaged coffee. The lawsuit is Council for Education and Research on Toxics v. Brad Barry LLC, et al.. Both cases have since been consolidated and now include nearly eighty defendants, which constitute the great majority of the coffee industry in California. Plaintiff alleges that the Company and the other defendants failed to provide warnings for their coffee products of exposure to the chemical acrylamide as required under California Health and Safety Code section 25249.5, the California Safe Drinking Water and Toxic Enforcement Act of 1986, better known as Proposition 65. Plaintiff seeks equitable relief, including
providing warnings to consumers of coffee products, as well as civil penalties in the amount of the statutory maximum of two thousand five hundred dollars per day per violation of Proposition 65. The Plaintiff asserts that every consumed cup of coffee, absent a compliant warning, is equivalent to a violation under Proposition 65.
The Company, as part of a joint defense group organized to defend against the lawsuit, disputes the claims of the Plaintiff. Acrylamide is not added to coffee but is present in all coffee in small amounts (parts per billion) as a byproduct of the coffee bean roasting process. The Company has asserted multiple affirmative defenses. Trial of the first phase of the case commenced on September 8, 2014, and was limited to three affirmative defenses shared by all defendants. On September 1, 2015, the trial court issued a final ruling adverse to defendants on all Phase 1 defenses. Trial of the second phase of the case commenced in the fall of 2017. On May 7, 2018, the trial court issued a ruling adverse to defendants on the Phase 2 defense, the Company's last remaining defense to liability. On June 22, 2018, the California Office of Environmental Health Hazard Assessment (OEHHA) proposed a new regulation clarifying that cancer warnings are not required for coffee under Proposition 65. The case was set to proceed to a third phase trial on damages, remedies and attorneys' fees on October 15, 2018. However, on October 12, 2018, the California Court of Appeal granted the defendants request for a stay of the Phase 3 trial.
On June 3, 2019, the Office of Administrative Law (OAL) approved the coffee exemption regulation. The regulation became effective on October 1, 2019. On June 24, 2019, the Court of Appeal lifted the stay of the litigation. At the status conference on August 25, 2020, the trial judge granted the defendants’ motion for summary judgment, ruling that the coffee exemption regulation is a complete defense to the Plaintiff’s complaint. The Notice of Entry of Judgment from the court was served on October 6, 2020 and the Plaintiff filed a Notice of Appeal on November 20, 2020. The court issued a briefing schedule, and the parties are working through the appellate process. Starbucks believes that the likelihood that the Company will ultimately incur a material loss in connection with this litigation is less than reasonably possible. Accordingly, no loss contingency was recorded for this matter.
Starbucks is party to various other legal proceedings arising in the ordinary course of business, including certain employment litigation cases that have been certified as class or collective actions, but, except as noted above, is not currently a party to any legal proceeding that management believes could have a material adverse effect on our consolidated financial position, results of operations or cash flows.
v3.21.1
Segment Reporting
 6 Months Ended
Mar. 28, 2021
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Segment information is prepared on the same basis that our ceo, who is our Chief Operating Decision Maker, manages the segments, evaluates financial results and makes key operating decisions.
Consolidated revenue mix by product type(1) (in millions):
Quarter EndedTwo Quarters Ended
Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Beverage(2)
$4,212.8 63 %$3,530.9 59 %$8,464.5 63 %$7,789.4 59 %
Food(3)
1,131.4 17 %968.7 16 %2,272.0 17 %2,128.4 16 %
Other(4)
1,323.8 20 %1,496.1 25 %2,681.0 20 %3,175.0 25 %
Total$6,668.0 100 %$5,995.7 100 %$13,417.5 100 %$13,092.8 100 %
(1)Certain prior period amounts have been reclassified to conform to current period presentation.
(2)Beverage represents sales within our company-operated stores.
(3)Food includes sales within our company-operated stores.
(4)“Other” primarily consists of packaged and single-serve coffees and teas, royalty and licensing revenues, serveware, beverage-related ingredients and ready-to-drink beverages, among other items.
The table below presents financial information for our reportable operating segments and Corporate and Other segment (in millions):
Quarter Ended
AmericasInternationalChannel DevelopmentCorporate and OtherTotal
March 28, 2021
Total net revenues$4,664.6 $1,610.9 $369.9 $22.6 $6,668.0 
Depreciation and amortization expenses186.0 143.4 0.3 37.0 366.7 
Income from equity investees— 26.8 50.3 — 77.1 
Operating income/(loss)905.3 251.5 172.6 (341.8)987.6 
March 29, 2020
Total net revenues$4,330.0 $1,134.6 $519.1 $12.0 $5,995.7 
Depreciation and amortization expenses191.5 130.0 0.3 34.5 356.3 
Income from equity investees— 24.8 43.1 — 67.9 
Operating income/(loss)621.2 (15.4)189.6 (308.0)487.4 
Two Quarters Ended
AmericasInternationalChannel DevelopmentCorporate and OtherTotal
March 28, 2021
Total net revenues$9,367.9 $3,265.3 $741.2 $43.1 $13,417.5 
Depreciation and amortization expenses374.9 283.4 0.6 73.7 732.6 
Income from equity investees— 53.0 106.7 — 159.7 
Operating income/(loss)1,718.7 526.3 353.3 (697.1)1,901.2 
March 29, 2020
Total net revenues$9,340.9 $2,705.7 $1,013.7 $32.5 $13,092.8 
Depreciation and amortization expenses380.7 256.7 0.6 69.4 707.4 
Income from equity investees— 55.8 86.1 — 141.9 
Operating income/(loss)1,720.0 260.5 365.1 (638.4)1,707.2 
v3.21.1
Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Mar. 28, 2021
Accounting Policies [Abstract]  
Recent Accounting Pronouncements (Policies) Summary of Significant Accounting Policies
Financial Statement Preparation
The unaudited consolidated financial statements as of March 28, 2021, and for the quarter and two quarters ended March 28, 2021 and March 29, 2020, have been prepared by Starbucks Corporation under the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial information for the quarter and two quarters ended March 28, 2021 and March 29, 2020 reflects all adjustments and accruals, which are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods. In this Quarterly Report on Form 10-Q (“10-Q”), Starbucks Corporation is referred to as “Starbucks,” the “Company,” “we,” “us” or “our.”
Certain prior period information on the consolidated statements of cash flows has been reclassified to conform to the current year presentation.
The financial information as of September 27, 2020 is derived from our audited consolidated financial statements and notes for the fiscal year ended September 27, 2020 (“fiscal 2020”) included in Item 8 in the Fiscal 2020 Annual Report on Form 10-K (“10-K”). The information included in this 10-Q should be read in conjunction with the footnotes and management’s discussion and analysis of the consolidated financial statements in the 10-K.
The results of operations for the quarter and two quarters ended March 28, 2021 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending October 3, 2021 (“fiscal 2021”). Additionally, our 2021 fiscal year will include 53 weeks, with the 53rd week falling in the fourth fiscal quarter.
The novel coronavirus, known as the global pandemic COVID-19, was first identified in December 2019 before spreading to markets where we have company-operated or licensed stores. We have since established the necessary protocols to operate safely, and our businesses continue to recover as sales in the U.S. and China, our two lead growth markets, have returned to roughly pre-pandemic levels. As of the end of the second quarter of fiscal 2021, nearly all our company-operated and licensed stores have re-opened; however, many were operating at less than full capacity.
Government Subsidies
On March 27, 2020, the U.S. government enacted the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), which among other things, provides employer payroll tax credits for wages paid to employees who are unable to work during the COVID-19 outbreak and options to defer payroll tax payments for a limited period. Based on our evaluation of the CARES Act, we qualify for certain employer payroll tax credits as well as the deferral of payroll tax payments in the future. Additionally, the Canadian government enacted the Canada Emergency Wage Subsidy (“CEWS”) to help employers offset a portion of their employee wages for a limited period. We elected to treat qualified government subsidies from the U.S., Canada and other governments as offsets to the related operating expenses. During the quarter and two quarters ended March 28, 2021, qualified payroll and other credits reduced our store operating expenses by $97.4 million and $117.2 million, respectively, on our consolidated statement of earnings. During the quarter ended March 29, 2020, the qualified payroll tax credits reduced our store operating expenses by approximately $35 million on our consolidated statement of earnings. After netting the qualified credits against our payable, a receivable of $158.6 million was included in prepaid expenses and other current assets as of March 28, 2021. During the quarter and two quarters ended March 28, 2021, we deferred $5.2 million and $81.7 million, respectively, of qualified payroll tax payments, and as of March 28, 2021, deferred payroll tax payments of $116.4 million were included in both accrued liabilities and other long-term liabilities, respectively, on our consolidated balance sheets.
Restructuring
In fiscal 2020, we announced a plan to optimize our North America store portfolio, primarily in dense metropolitan markets by developing new store formats to better cater to changing customer tastes and preferences. As of March 28, 2021, we expect the total number of closures to be approximately 800 stores in the U.S. and Canada and have identified 760 stores for closure under our restructuring plans. As a result we recorded approximately $23.0 million and $95.2 million to restructuring and impairments on our consolidated statement of earnings during the quarter and two quarters ended March 28, 2021, respectively. Of these totals, $8.6 million and $51.2 million related to the impairment of store assets for which either a triggering event occurred and the assets were determined not to be recoverable or the store was permanently closed, respectively. During the quarter and two quarters ended March 28, 2021, an additional $14.4 million and $44.0 million, respectively, was associated with accelerated amortization of right-of-use (“ROU”) lease assets due to planned store closures prior to the end of contractual lease terms. For impaired store asset groups, we estimated the fair values using an income approach incorporating internal projections of revenue growth and operating expenses that are considered Level 3 fair value measurements, as well as applicable discount
rates and market lease rates. The application of these projections and fair value measurements did not have a significant impact on our final impairment decisions given that we plan to fully exit the majority of these identified stores over the next 9 to 12 months.
We expect total future restructuring costs, which are attributable to our Americas segment, to be approximately $30 million to $40 million. These restructuring costs primarily include accelerated amortization or impairments of ROU assets due to planned store closures prior to the end of contractual lease terms. The remaining balance includes store impairment and disposal costs not previously recorded as part of our ongoing store impairment process and employee termination costs. As we have previously recorded impairment charges for stores that may be identified for closure under our plans, and because store closure decisions are still subject to change, the final costs associated with these store closures may vary from these estimates. These costs will depend on the asset carrying value and remaining lease term of the specific stores identified. Future restructuring costs are expected to be incurred primarily over the next 9 to 12 months as stores are specifically identified for closure or, in the case of lease exit costs, either when a store ceases operations or when a reduced lease term is reasonably certain due to expected, early lease termination.
As of March 28, 2021, restructuring liabilities totaling $21.4 million were included in current and non-current operating lease liability for the remaining outstanding rent liabilities due to landlords. The associated expense was recognized in fiscal 2020 or during the first two quarters of fiscal 2021 for stores that were either closed or reasonably certain to close under the plan. Additionally, $10.4 million of accrued employee termination costs was included in accrued payroll and benefits. Cash payments were $23.2 million for the first two quarters of fiscal 2021.
Recently Adopted Accounting Pronouncements
In June 2016, the Financial Accounting Standards Board ("FASB") issued guidance replacing the incurred loss impairment methodology with a new methodology that reflects current expected credit losses on financial assets, including receivables and available-for-sale securities. The new methodology requires entities to estimate and recognize expected credit losses each reporting period. The guidance was adopted during the first quarter of fiscal 2021 under the modified retrospective approach and resulted in a $2.2 million transition adjustment to opening shareholders' retained deficit on our consolidated statements of equity.
Recent Accounting Pronouncements Not Yet Adopted
In March 2020, the FASB issued guidance related to reference rate reform. The pronouncement provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. We are currently evaluating the impact of the transition from LIBOR to alternative reference rates but do not expect a significant impact to our consolidated financial statements.
v3.21.1
Derivative Financial Instruments (Tables)
 6 Months Ended
Mar. 28, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Gains and Losses Included in AOCI and Expected to be Reclassified into Earnings in 12 Months, Net of Tax
Gains and losses on derivative contracts and foreign currency-denominated debt designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
Net Gains/(Losses)
Included in AOCI
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
Outstanding Contract/Debt Remaining Maturity
(Months)
Mar 28, 2021Sep 27, 2020
Cash Flow Hedges:
Coffee$15.3 $(2.5)$9.5 12
Cross-currency swaps5.3 5.2 — 44
Dairy 0.2 0.5 0.2 5
Foreign currency - other(9.5)5.3 (4.9)34
Interest rates(17.0)(90.6)(0.7)139
Net Investment Hedges:
Cross-currency swaps19.9 32.6 — 102
Foreign currency16.0 16.0 — 0
Foreign currency debt(16.3)(37.1)— 36
Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings
Pre-tax gains and losses on derivative contracts and foreign currency-denominated long-term debt designated as hedging instruments recognized in OCI and reclassifications from AOCI to earnings (in millions):
Quarter Ended
Gains/(Losses) Recognized in
OCI Before Reclassifications
Gains/(Losses) Reclassified from
AOCI to Earnings
Location of gain/(loss)
Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Cash Flow Hedges:
Coffee$5.7 $(12.1)$(3.4)$— Product and distribution costs
Cross-currency swaps13.8 2.9 0.6 (0.4)Interest expense
13.5 0.2 Interest income and other, net
Dairy(0.9)(4.9)(0.6)0.7 Product and distribution costs
— (0.6)
Interest income and other, net(1)
Foreign currency - other7.1 26.8 0.2 0.9 Licensed stores revenues
(1.9)(1.0)Product and distribution costs
— 2.0 
Interest income and other, net(1)
Interest rates71.5 (140.6)(0.5)0.5 Interest expense
(3.6)— Interest income and other, net
Net Investment Hedges:
Cross-currency swaps 6.1 58.0 3.4 3.9 Interest expense
Foreign currency debt41.6 (0.4)— — 
(1)As a result of the global COVID-19 impacts, Starbucks discontinued cash flow hedges during the quarter ended March 29, 2020.
Two Quarters Ended
Gains/(Losses) Recognized in
OCI Before Reclassifications		Gains/(Losses) Reclassified from
AOCI to Earnings		Location of gain/(loss)
Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Cash Flow Hedges:
Coffee17.7 (1.1)(2.7)— Product and distribution costs
Cross-currency swaps10.4 9.1 1.6 (0.6)Interest expense
8.7 5.8 Interest income and other, net
Dairy1.6 (5.0)2.0 0.7 Product and distribution costs
— (0.6)
Interest income and other, net(1)
Foreign currency - other(18.8)22.1 0.2 2.6 Licensed stores revenues
(1.9)(1.3)Product and distribution costs
— 2.0 
Interest income and other, net(1)
Interest rates94.0 (120.6)(1.1)1.3 Interest expense
(3.6)— Interest income and other, net
Net Investment Hedges:
Cross-currency swaps (10.4)68.7 6.6 7.2 Interest expense
Foreign currency debt27.9 12.6 — — 
(1)As a result of the global COVID-19 impacts, Starbucks discontinued cash flow hedges during the two quarters ended March 29, 2020.
Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings
Pre-tax gains and losses on non-designated derivatives and designated fair value hedging instruments and the related fair value hedged item recognized in earnings (in millions):
Gains/(Losses) Recognized in Earnings
 Location of gain/(loss) recognized in earnings Quarter EndedTwo Quarters Ended
 Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Non-Designated Derivatives:
Diesel fuel and other commoditiesInterest income and other, net$0.8 $(8.9)$2.0 $(8.0)
Foreign currency - otherInterest income and other, net(0.8)4.9 (1.7)8.3 
Fair Value Hedges:
Interest rate swapInterest expense(1.5)35.2 (1.1)24.3 
Long-term debt (hedged item)Interest expense4.8 (27.5)7.7 (23.3)
Notional Amounts of Outstanding Derivative Contracts
Notional amounts of outstanding derivative contracts (in millions):
Mar 28, 2021Sep 27, 2020
Coffee$210 $63 
Cross-currency swaps838 870 
Dairy18 61 
Diesel fuel and other commodities12 5 
Foreign currency - other 1,183 1,140 
Interest rate swap1,750 1,750 
Fair Value of Outstanding Derivative Contracts
Fair value of outstanding derivative contracts (in millions) including the location of the asset and/or liability on the consolidated balance sheets:
Derivative Assets
Balance Sheet LocationMar 28, 2021Sep 27, 2020
Designated Derivative Instruments:
CoffeePrepaid expenses and other current assets$12.9 $2.6 
Cross-currency swapsOther long-term assets28.6 37.7 
DairyPrepaid expenses and other current assets 0.6 2.1 
Foreign currency - otherPrepaid expenses and other current assets6.4 8.6 
Other long-term assets4.3 3.8 
Interest ratesOther long-term assets24.7 — 
Interest rate swapOther long-term assets38.5 45.8 
Non-designated Derivative Instruments:
Diesel fuel and other commoditiesPrepaid expenses and other current assets1.4 — 
Foreign currencyPrepaid expenses and other current assets0.7 2.3 
Derivative Liabilities
Balance Sheet LocationMar 28, 2021Sep 27, 2020
Designated Derivative Instruments:
CoffeeAccrued liabilities$— $1.4 
Other long-term liabilities— 0.1 
Cross-currency swapsOther long-term liabilities4.7 7.3 
DairyAccrued liabilities0.4 1.4 
Foreign currency - otherAccrued liabilities11.2 1.6 
Other long-term liabilities8.9 2.6 
Interest ratesOther long-term liabilities— 69.3 
Non-designated Derivative Instruments:
Diesel fuel and other commoditiesAccrued liabilities0.1 1.7 
Foreign currencyAccrued liabilities1.6 1.2 
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following amounts were recorded on the consolidated balance sheets related to fixed-to-floating interest rate swaps designated in fair value hedging relationships:
Carrying amount of hedged itemCumulative amount of fair value hedging adjustment included in the carrying amount
Mar 28, 2021Sep 27, 2020Mar 28, 2021Sep 27, 2020
Location on the balance sheet
Long-term debt$777.9 $785.6 $27.9 $35.6 
v3.21.1
Fair Value Measurements (Tables)
 6 Months Ended 12 Months Ended
Mar. 28, 2021
Sep. 27, 2020
Fair Value Disclosures [Abstract]    
Assets And Liabilities Measured At Fair Value On A Recurring Basis
  Fair Value Measurements at Reporting Date Using
 Balance at
March 28, 2021		Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant  Other Observable Inputs
(Level 2)		Significant Unobservable  Inputs
(Level 3)
Assets:
Cash and cash equivalents$3,880.7 $3,880.7 $— $— 
Short-term investments:
Available-for-sale debt securities
Commercial paper38.5 — 38.5 — 
Corporate debt securities14.0 — 14.0 — 
State and local government obligations1.0 — 1.0 — 
Total available-for-sale debt securities53.5 — 53.5 — 
Marketable equity securities69.5 69.5 — — 
Total short-term investments123.0 69.5 53.5 — 
Prepaid expenses and other current assets:
Derivative assets22.0 13.2 8.8 — 
Long-term investments:
Available-for-sale debt securities
Auction rate securities5.7 — — 5.7 
Corporate debt securities167.4 — 167.4 — 
Foreign government obligations4.0 — 4.0 — 
Mortgage and other asset-backed securities18.0 — 18.0 — 
State and local government obligations4.1 — 4.1 — 
U.S. government treasury securities85.6 85.6 — — 
Total long-term investments284.8 85.6 193.5 5.7 
Other long-term assets:
Derivative assets96.1 — 96.1 — 
Total assets$4,406.6 $4,049.0 $351.9 $5.7 
Liabilities:
Accrued liabilities:
Derivative liabilities$13.3 $0.2 $13.1 $— 
Other long-term liabilities:
Derivative liabilities13.6 — 13.6 — 
Total liabilities$26.9 $0.2 $26.7 $— 
  Fair Value Measurements at Reporting Date Using
 Balance at
September 27, 2020		Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)
Significant
Unobservable  Inputs
(Level 3)
Assets:
Cash and cash equivalents$4,350.9 $4,350.9 $— $— 
Short-term investments:
Available-for-sale debt securities
Certificates of deposit1.6 — 1.6 — 
Commercial paper66.8 — 66.8 — 
Corporate debt securities123.6 — 123.6 — 
Foreign government obligations8.5 — 8.5— 
Mortgage and other asset-backed securities15.8 — 15.8 — 
Total available-for-sale debt securities216.3 — 216.3 — 
Marketable equity securities64.9 64.9 — — 
Total short-term investments281.2 64.9 216.3 — 
Prepaid expenses and other current assets:
Derivative assets15.6 3.6 12.0 — 
Long-term investments:
Available-for-sale debt securities
Auction rate securities5.7 — — 5.7 
Corporate debt securities82.6 — 82.6 — 
Mortgage and other asset-backed securities19.3 — 19.3 — 
State and local government obligations3.6 — 3.6 — 
U.S. government treasury securities94.9 94.9 — — 
Total long-term investments206.1 94.9 105.5 5.7 
Other long-term assets:
Derivative assets87.3 — 87.3 — 
Total assets$4,941.1 $4,514.3 $421.1 $5.7 
Liabilities:
Accrued liabilities:
Derivative liabilities$7.3 $1.9 $5.4 $— 
Other long-term liabilities:
Derivative liabilities79.3 0.1 79.2 — 
Total liabilities$86.6 $2.0 $84.6 $— 
v3.21.1
Inventories (Tables)
 6 Months Ended
Mar. 28, 2021
Inventory Disclosure [Abstract]  
Inventories
Mar 28, 2021Sep 27, 2020
Coffee:
Unroasted$690.0 $664.7 
Roasted221.7 223.5 
Other merchandise held for sale266.6 293.9 
Packaging and other supplies325.3 369.3 
Total$1,503.6 $1,551.4 
v3.21.1
Supplemental Balance Sheet and Statement of Earnings Information (Tables)
 6 Months Ended
Mar. 28, 2021
Balance Sheet Related Disclosures [Abstract]  
Prepaid Expenses and Other Current Assets
Prepaid Expenses and Other Current Assets
Mar 28, 2021Sep 27, 2020
Income tax receivable$180.6 $356.9 
Government subsidies receivable158.6 155.1 
Other prepaid expenses and current assets252.8 227.5 
Total prepaid expenses and current assets$592.0 $739.5 
Property, Plant And Equipment, net
Property, Plant and Equipment, net
Mar 28, 2021Sep 27, 2020
Land$46.2 $46.0 
Buildings592.3 586.8 
Leasehold improvements8,246.4 8,262.6 
Store equipment2,817.1 2,800.3 
Roasting equipment807.0 796.6 
Furniture, fixtures and other1,288.6 1,285.7 
Work in progress389.9 377.3 
Property, plant and equipment, gross14,187.5 14,155.3 
Accumulated depreciation(8,064.4)(7,913.9)
Property, plant and equipment, net$6,123.1 $6,241.4 
Accrued Liabilities
Mar 28, 2021Sep 27, 2020
Accrued occupancy costs$76.1 $76.9 
Accrued dividends payable530.1 — 
Accrued capital and other operating expenditures757.7 677.2 
Self-insurance reserves236.4 243.9 
Accrued business taxes171.3 162.7 
Total accrued liabilities$1,771.6 $1,160.7 
Income Statement Related Disclosures [Abstract]  
Store Operating Expenses
Store Operating Expenses
Quarter EndedTwo Quarters Ended
Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Wages and benefits$1,664.9 $1,608.0 $3,271.1 $3,206.0 
Occupancy costs626.2 593.9 1,254.3 1,212.6 
Other expenses532.2 519.5 1,165.3 1,124.3 
Total store operating expenses$2,823.3 $2,721.4 $5,690.7 $5,542.9 
v3.21.1
Other Intangible Assets and Goodwill (Tables)
 6 Months Ended
Mar. 28, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Indefinite-Lived Intangible Assets
(in millions)Mar 28, 2021Sep 27, 2020
Trade names, trademarks and patents$95.7 $95.0 
Finite-Lived Intangible Assets
Mar 28, 2021Sep 27, 2020
(in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired and reacquired rights$1,137.8 $(880.8)$257.0 $1,116.1 $(765.0)$351.1 
Acquired trade secrets and processes27.6 (23.4)4.2 27.6 (22.0)5.6 
Trade names, trademarks and patents125.4 (42.1)83.3 124.8 (32.1)92.7 
Licensing agreements16.0 (15.7)0.3 16.6 (15.0)1.6 
Other finite-lived intangible assets23.7 (19.9)3.8 22.8 (16.7)6.1 
Total finite-lived intangible assets$1,330.5 $(981.9)$348.6 $1,307.9 $(850.8)$457.1 
Estimated Future Amortization Expense
Fiscal YearTotal
2021 (excluding the two quarters ended March 28, 2021)
$103.6 
2022190.3 
202319.6 
202419.0 
202513.1 
Thereafter3.0 
Total estimated future amortization expense$348.6 
Changed in Carrying Amount of Goodwill by Reportable Operating Segment
AmericasInternationalChannel DevelopmentCorporate and OtherTotal
Goodwill balance at September 27, 2020
$496.5 $3,065.0 $34.7 $1.0 $3,597.2 
Other(1)
1.6 60.1 — — 61.7 
Goodwill balance at March 28, 2021
$498.1 $3,125.1 $34.7 $1.0 $3,658.9 
v3.21.1
Debt (Tables)
 6 Months Ended
Mar. 28, 2021
Debt Disclosure [Abstract]  
Components of Long-Term Debt Including Associated Interest Rates and Related Estimated Fair Values
Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):
Mar 28, 2021Sep 27, 2020Stated Interest Rate
Effective Interest Rate(1)
IssuanceAmountEstimated Fair ValueAmountEstimated Fair Value
November 2020 notes(2)
$— $— $500.0 $501.5 2.200 %2.228 %
February 2021 notes(2)
— — 500.0 502.3 2.100 %2.293 %
February 2021 notes(2)
— — 250.0 251.1 2.100 %1.600 %
May 2022 notes500.0 505.3 500.0 506.5 1.300 %1.334 %
June 2022 notes500.0 512.3 500.0 517.5 2.700 %2.819 %
March 2023 notes1,000.0 1,049.1 1,000.0 1,058.8 3.100 %3.107 %
October 2023 notes(3)
750.0 807.9 750.0 817.5 3.850 %2.859 %
March 2024 notes(4)
778.5 766.8 806.4 794.4 0.372 %0.462 %
August 2025 notes1,250.0 1,382.3 1,250.0 1,414.5 3.800 %3.721 %
June 2026 notes500.0 525.0 500.0 542.6 2.450 %2.511 %
March 2027 notes500.0 509.3 500.0 528.9 2.000 %2.058 %
March 2028 notes600.0 650.6 600.0 679.5 3.500 %3.529 %
November 2028 notes750.0 841.5 750.0 886.0 4.000 %3.958 %
August 2029 notes1,000.0 1,088.7 1,000.0 1,147.1 3.550 %3.840 %
March 2030 notes750.0 736.5 750.0 778.0 2.250 %3.084 %
November 2030 notes1,250.0 1,252.5 1,250.0 1,325.9 2.550 %2.582 %
June 2045 notes350.0 385.8 350.0 412.4 4.300 %4.348 %
December 2047 notes500.0 515.0 500.0 546.6 3.750 %3.765 %
November 2048 notes1,000.0 1,150.2 1,000.0 1,222.8 4.500 %4.504 %
August 2049 notes1,000.0 1,137.4 1,000.0 1,215.5 4.450 %4.447 %
March 2050 notes500.0 482.9 500.0 517.1 3.350 %3.362 %
November 2050 notes1,250.0 1,247.7 1,250.0 1,332.2 3.500 %3.528 %
Total14,728.5 15,546.8 16,006.4 17,498.7 
Aggregate debt issuance costs and unamortized premium/(discount), net(126.1)(132.5)
Hedge accounting fair value adjustment(3)
27.935.6
Total$14,630.3 $15,909.5 
(1)Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge interest rate risk prior to the debt issuance.
(2)November 2020 and February 2021 notes were repaid in the first and second quarters of fiscal 2021, respectively.
(3)Amount includes the change in fair value due to changes in benchmark interest rates related to our October 2023 notes. Refer to Note 2, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge.
(4)Japanese yen-denominated long-term debt.
Long-Term Debt Maturities
The following table summarizes our long-term debt maturities as of March 28, 2021 by fiscal year (in millions):
Fiscal Year Total
2021 $— 
20221,000.0 
20231,000.0 
20241,528.5 
20251,250.0 
Thereafter9,950.0 
Total$14,728.5 
v3.21.1
Leases (Tables)
 6 Months Ended
Mar. 28, 2021
Leases [Abstract]  
Lease, Cost
The components of lease costs (in millions):
Quarter EndedTwo Quarters Ended
Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Operating lease costs(1)
$389.3 $377.4 $798.7 $750.5 
Variable lease costs224.3 197.2 446.7 426.0 
Short-term lease costs7.6 8.3 16.3 16.6 
Total lease costs$621.2 $582.9 $1,261.7 $1,193.1 
(1)Operating lease costs were net of immaterial amounts of sublease income. For the quarter and two quarters ended March 28, 2021, operating lease costs were also net of immaterial amounts of rent concessions.
Supplemental Lease Disclosure
The following table includes supplemental information (in millions):
Two Quarters Ended
Mar 28, 2021Mar 29, 2020
Cash paid related to operating lease liabilities$792.4 $726.0 
Operating lease liabilities arising from obtaining ROU assets659.6 506.6 
Mar 28, 2021Mar 29, 2020
Weighted-average remaining operating lease term8.7 years8.9 years
Weighted-average operating lease discount rate2.4 %2.5 %
Schedule of Future Minimum Rental Payments for Operating Leases
Minimum future maturities of operating lease liabilities (in millions):
Fiscal YearTotal
2021 (excluding the two quarters ended March 28, 2021)
$780.6 
20221,486.5 
20231,343.6 
20241,202.9 
20251,056.6 
Thereafter4,137.9 
Total lease payments10,008.1 
Less imputed interest(1,134.0)
Total$8,874.1 
v3.21.1
Deferred Revenue (Tables)
 6 Months Ended
Mar. 28, 2021
Revenue from Contract with Customer [Abstract]  
Changes in Deferred Revenue Balance Related to Stored Value Cards and Loyalty Program
Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):
Quarter Ended March 28, 2021
Total
Stored value cards and loyalty program at December 27, 2020
$1,750.0 
Revenue deferred - card activations, card reloads and Stars earned2,709.7 
Revenue recognized - card and Stars redemptions and breakage(2,977.8)
Other(1)
(6.7)
Stored value cards and loyalty program at March 28, 2021(2)
$1,475.2 
Quarter Ended March 29, 2020
Total
Stored value cards and loyalty program at December 29, 2019
$1,561.0 
Revenue deferred - card activations, card reloads and Stars earned2,453.6 
Revenue recognized - card and Stars redemptions and breakage(2,736.4)
Other(1)
(5.1)
Stored value cards and loyalty program at March 29, 2020(2)
$1,273.1 
Two Quarters Ended March 28, 2021
Total
Stored value cards and loyalty program at September 27, 2020
$1,280.5 
Revenue deferred - card activations, card reloads and Stars earned6,147.1 
Revenue recognized - card and Stars redemptions and breakage(5,958.0)
Other(1)
5.6 
Stored value cards and loyalty program at March 28, 2021(2)
$1,475.2 
Two Quarters Ended March 29, 2020
Total
Stored value cards and loyalty program at September 29, 2019
$1,113.7 
Revenue deferred - card activations, card reloads and Stars earned5,961.1 
Revenue recognized - card and Stars redemptions and breakage(5,798.3)
Other(1)
(3.4)
Stored value cards and loyalty program at March 29, 2020(2)
$1,273.1 
(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.
(2)As of March 28, 2021 and March 29, 2020, approximately $1,370.4 million and $1,191.5 million of these amounts were current, respectively.
v3.21.1
Equity (Tables)
 3 Months Ended
Mar. 28, 2021
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income by component, net of tax Equity
Changes in AOCI by component, net of tax (in millions):
Quarter Ended Available-for-Sale Debt Securities Cash Flow Hedges Net Investment HedgesTranslation Adjustment and OtherTotal
March 28, 2021
Net gains/(losses) in AOCI, beginning of period$4.1 $(75.5)$(13.5)$(61.0)$(145.9)
Net gains/(losses) recognized in OCI before reclassifications(2.0)73.3 35.6 (81.2)25.7 
Net (gains)/losses reclassified from AOCI to earnings(0.1)(3.5)(2.5)— (6.1)
Other comprehensive income/(loss) attributable to Starbucks(2.1)69.8 33.1 (81.2)19.6 
Net gains/(losses) in AOCI, end of period$2.0 $(5.7)$19.6 $(142.2)$(126.3)
March 29, 2020
Net gains/(losses) in AOCI, beginning of period$3.2 $33.7 $7.7 $(432.0)$(387.4)
Net gains/(losses) recognized in OCI before reclassifications2.5 (96.7)43.0 (78.4)(129.6)
Net (gains)/losses reclassified from AOCI to earnings(0.1)(1.8)(2.9)— (4.8)
Other comprehensive income/(loss) attributable to Starbucks2.4 (98.5)40.1 (78.4)(134.4)
Net gains/(losses) in AOCI, end of period$5.6 $(64.8)$47.8 $(510.4)$(521.8)
Two Quarters EndedAvailable-for-Sale Debt SecuritiesCash Flow HedgesNet Investment HedgesTranslation Adjustment and OtherTotal
March 28, 2021
Net gains/(losses) in AOCI, beginning of period$5.7 $(82.1)$11.5 $(299.7)$(364.6)
Net gains/(losses) recognized in OCI before reclassifications(2.4)78.1 13.0 157.5 246.2 
Net (gains)/losses reclassified from AOCI to earnings(1.3)(1.7)(4.9)— (7.9)
Other comprehensive income/(loss) attributable to Starbucks(3.7)76.4 8.1 157.5 238.3 
Net gains/(losses) in AOCI, end of period$2.0 $(5.7)$19.6 $(142.2)$(126.3)
March 29, 2020
Net gains/(losses) in AOCI, beginning of period$3.9 $11.0 $(10.1)$(508.1)$(503.3)
Net gains/(losses) recognized in OCI before reclassifications2.4 (70.9)60.7 (2.3)(10.1)
Net (gains)/losses reclassified from AOCI to earnings— (7.9)(5.3)— (13.2)
Other comprehensive income/(loss) attributable to Starbucks2.4 (78.8)55.4 (2.3)(23.3)
Cumulative effect of accounting adoption(0.7)3.0 2.5 — 4.8 
Net gains/(losses) in AOCI, end of period$5.6 $(64.8)$47.8 $(510.4)$(521.8)
Impact of reclassifications from Accumulated Other Comprehensive Income on the consolidated statements of earnings
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components		Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Mar 28, 2021Mar 29, 2020
Gains/(losses) on available-for-sale debt securities$0.2 $0.2 Interest income and other, net
Gains/(losses) on cash flow hedges4.3 2.3 
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges3.4 3.9 Interest expense
7.9 6.4 Total before tax
(1.8)(1.6)Tax (expense)/benefit
$6.1 $4.8 Net of tax
Two Quarters Ended
AOCI
Components		Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Mar 28, 2021Mar 29, 2020
Gains/(losses) on available-for-sale debt securities$1.7 $— Interest income and other, net
Gains/(losses) on cash flow hedges3.2 9.9 
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges6.6 7.2 Interest expense
11.5 17.1 Total before tax
(3.6)(3.9)Tax (expense)/benefit
$7.9 $13.2 Net of tax
v3.21.1
Employee Stock Plans (Tables)
 6 Months Ended
Mar. 28, 2021
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Expense Recognized in Consolidated Statements of Earnings
Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):
 Quarter EndedTwo Quarters Ended
 Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Options$0.9 $0.7 $1.8 $2.4 
Restricted Stock Units (“RSUs”)75.1 55.6 173.5 144.2 
Total stock-based compensation expense$76.0 $56.3 $175.3 $146.6 
Stock Option and RSU Transactions
Stock option and RSU transactions from September 27, 2020 through March 28, 2021 (in millions):
Stock OptionsRSUs
Options outstanding/Nonvested RSUs, September 27, 2020
9.2 8.3 
Granted— 3.9 
Options exercised/RSUs vested(2.2)(3.0)
Forfeited/expired(0.1)(0.8)
Options outstanding/Nonvested RSUs, March 28, 2021
6.9 8.4 
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 28, 2021
$0.3 $253.8 
v3.21.1
Earnings Per Share (Tables)
 6 Months Ended
Mar. 28, 2021
Earnings Per Share [Abstract]  
Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted
Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
 Quarter EndedTwo Quarters Ended
 Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Net earnings attributable to Starbucks$659.4 $328.4 $1,281.6 $1,214.1 
Weighted average common shares outstanding (for basic calculation)1,177.5 1,171.8 1,176.3 1,176.1 
Dilutive effect of outstanding common stock options and RSUs7.3 8.9 7.6 9.7 
Weighted average common and common equivalent shares outstanding (for diluted calculation)1,184.8 1,180.7 1,183.9 1,185.8 
EPS — basic$0.56 $0.28 $1.09 $1.03 
EPS — diluted$0.56 $0.28 $1.08 $1.02 
v3.21.1
Segment Reporting (Tables)
 6 Months Ended
Mar. 28, 2021
Revenue from External Customer [Line Items]  
Revenue from External Customers by Products and Services [Table Text Block]
Consolidated revenue mix by product type(1) (in millions):
Quarter EndedTwo Quarters Ended
Mar 28, 2021Mar 29, 2020Mar 28, 2021Mar 29, 2020
Beverage(2)
$4,212.8 63 %$3,530.9 59 %$8,464.5 63 %$7,789.4 59 %
Food(3)
1,131.4 17 %968.7 16 %2,272.0 17 %2,128.4 16 %
Other(4)
1,323.8 20 %1,496.1 25 %2,681.0 20 %3,175.0 25 %
Total$6,668.0 100 %$5,995.7 100 %$13,417.5 100 %$13,092.8 100 %
(1)Certain prior period amounts have been reclassified to conform to current period presentation.
(2)Beverage represents sales within our company-operated stores.
(3)Food includes sales within our company-operated stores.
(4)“Other” primarily consists of packaged and single-serve coffees and teas, royalty and licensing revenues, serveware, beverage-related ingredients and ready-to-drink beverages, among other items.
Financial Information For Reportable Operating Segments And All Other Segments
The table below presents financial information for our reportable operating segments and Corporate and Other segment (in millions):
Quarter Ended
AmericasInternationalChannel DevelopmentCorporate and OtherTotal
March 28, 2021
Total net revenues$4,664.6 $1,610.9 $369.9 $22.6 $6,668.0 
Depreciation and amortization expenses186.0 143.4 0.3 37.0 366.7 
Income from equity investees— 26.8 50.3 — 77.1 
Operating income/(loss)905.3 251.5 172.6 (341.8)987.6 
March 29, 2020
Total net revenues$4,330.0 $1,134.6 $519.1 $12.0 $5,995.7 
Depreciation and amortization expenses191.5 130.0 0.3 34.5 356.3 
Income from equity investees— 24.8 43.1 — 67.9 
Operating income/(loss)621.2 (15.4)189.6 (308.0)487.4 
Two Quarters Ended
AmericasInternationalChannel DevelopmentCorporate and OtherTotal
March 28, 2021
Total net revenues$9,367.9 $3,265.3 $741.2 $43.1 $13,417.5 
Depreciation and amortization expenses374.9 283.4 0.6 73.7 732.6 
Income from equity investees— 53.0 106.7 — 159.7 
Operating income/(loss)1,718.7 526.3 353.3 (697.1)1,901.2 
March 29, 2020
Total net revenues$9,340.9 $2,705.7 $1,013.7 $32.5 $13,092.8 
Depreciation and amortization expenses380.7 256.7 0.6 69.4 707.4 
Income from equity investees— 55.8 86.1 — 141.9 
Operating income/(loss)1,720.0 260.5 365.1 (638.4)1,707.2 
v3.21.1
Summary of Significant Accounting Policies (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
USD ($)
store
Mar. 29, 2020
USD ($)
Mar. 28, 2021
USD ($)
store
Sep. 28, 2020
USD ($)
Sep. 27, 2020
USD ($)
Payroll Tax Incentives $ 97.4 $ 35.0 $ 117.2    
Government subsidies receivables 158.6   158.6   $ 155.1
Deferred Payroll Tax Payments 5.2   81.7    
Deferred Payroll Tax Payments, Current 116.4   116.4    
Deferred Payroll Tax Payments, Noncurrent $ 116.4   $ 116.4    
Identified Store Closures | store 760   760    
Restructuring and Related Cost, Incurred Cost $ 23.0   $ 95.2    
Operating Lease, Liability 8,874.1   8,874.1    
Accrued payroll and benefits 646.1   646.1   696.0
Payments for Restructuring     23.2    
Retained Earnings (Accumulated Deficit) (8,124.3)   $ (8,124.3)   $ (7,815.6)
Accounting Standards Update 2016-13 [Member]          
Retained Earnings (Accumulated Deficit)       $ 2.2  
Minimum [Member]          
Timing of Store Closures     9    
Restructuring and Related Cost, Expected Cost 30.0   $ 30.0    
Maximum [Member]          
Timing of Store Closures     12    
Restructuring and Related Cost, Expected Cost 40.0   $ 40.0    
Facility Closing [Member]          
Restructuring and Related Cost, Incurred Cost 8.6   51.2    
Lease termination [Member]          
Restructuring and Related Cost, Incurred Cost 14.4   44.0    
Operating Lease, Liability 21.4   21.4    
Employee Severance [Member]          
Accrued payroll and benefits $ 10.4   $ 10.4    
US and Canada [Member]          
Number of Store Closures | store     800    
v3.21.1
Derivative Financial Instruments (Derivative Gains and Losses Included in AOCI and Expected to be Reclassified into Earnings in 12 Months, Net of Tax) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 28, 2021
Sep. 27, 2020
Cash Flow Hedging [Member] | Coffee Contracts [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ 15.3 $ (2.5)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 9.5  
Outstanding Contract Remaining Maturity (Months) 12 months  
Cash Flow Hedging [Member] | Cross-Currency Swap [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ 5.3 5.2
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.0  
Outstanding Contract Remaining Maturity (Months) 44 months  
Cash Flow Hedging [Member] | Dairy Contracts [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ 0.2 0.5
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.2  
Outstanding Contract Remaining Maturity (Months) 5 months  
Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ (9.5) 5.3
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ (4.9)  
Outstanding Contract Remaining Maturity (Months) 34 months  
Cash Flow Hedging [Member] | Interest Rate Contract [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ (17.0) (90.6)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ (0.7)  
Outstanding Contract Remaining Maturity (Months) 139 months  
Net Investment Hedging [Member] | Cross-Currency Swap [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ 19.9 32.6
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months $ 0.0  
Outstanding Contract Remaining Maturity (Months) 102 months  
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ 16.0 16.0
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months $ 0.0  
Outstanding Contract Remaining Maturity (Months) 0 months  
Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ (16.3) $ (37.1)
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months $ 0.0  
Outstanding Contract Remaining Maturity (Months) 36 months  
v3.21.1
Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Sep. 27, 2020
Cash Flow Hedging [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Recognized in OCI Before Reclassifications $ 97.2 $ (127.9) $ 104.9 $ (95.5)  
Net Investment Hedging [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Recognized in OCI Before Reclassifications 47.7 57.6 17.5 81.3  
Net Investment Hedging [Member] | Cross-Currency Swap [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivatives used in Net Investment Hedge, Net of Tax 19.9   19.9   $ 32.6
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivatives used in Net Investment Hedge, Net of Tax 16.0   16.0   16.0
Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivatives used in Net Investment Hedge, Net of Tax (16.3)   (16.3)   $ (37.1)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Coffee Contracts [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Recognized in OCI Before Reclassifications 5.7 (12.1) 17.7 (1.1)  
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Recognized in OCI Before Reclassifications 13.8 2.9 10.4 9.1  
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Dairy Contracts [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Recognized in OCI Before Reclassifications (0.9) (4.9) 1.6 (5.0)  
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Recognized in OCI Before Reclassifications 7.1 26.8 (18.8) 22.1  
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Recognized in OCI Before Reclassifications 71.5 (140.6) 94.0 (120.6)  
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Cross-Currency Swap [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Recognized in OCI Before Reclassifications 6.1 58.0 (10.4) 68.7  
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Recognized in OCI Before Reclassifications 41.6 (0.4) 27.9 12.6  
Gains/(Losses) Reclassified from AOCI to Earnings 0.0 0.0 0.0 0.0  
Product and distribution costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Coffee Contracts [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Reclassified from AOCI to Earnings (3.4) 0.0 (2.7) 0.0  
Product and distribution costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Dairy Contracts [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Reclassified from AOCI to Earnings (0.6) 0.7 2.0 0.7  
Product and distribution costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Reclassified from AOCI to Earnings (1.9) (1.0) (1.9) (1.3)  
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Reclassified from AOCI to Earnings 0.6 (0.4) 1.6 (0.6)  
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Reclassified from AOCI to Earnings (0.5) 0.5 (1.1) 1.3  
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Cross-Currency Swap [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Reclassified from AOCI to Earnings 3.4 3.9 6.6 7.2  
Interest and Other Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Reclassified from AOCI to Earnings 13.5 0.2 8.7 5.8  
Interest and Other Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Dairy Contracts [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Reclassified from AOCI to Earnings 0.0 (0.6) 0.0 (0.6)  
Interest and Other Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Reclassified from AOCI to Earnings 0.0 2.0 0.0 2.0  
Interest and Other Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Reclassified from AOCI to Earnings (3.6) 0.0 (3.6) 0.0  
Franchised Units Revenue [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Gains/(Losses) Reclassified from AOCI to Earnings $ 0.2 $ 0.9 $ 0.2 $ 2.6  
v3.21.1
Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Interest Expense [Member] | Interest Rate Swap [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Gain (Loss) on Derivative, Net $ (1.5) $ 35.2 $ (1.1) $ 24.3
Interest Expense [Member] | Long-term Debt [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Gain (Loss) on Derivative, Net 4.8 (27.5) 7.7 (23.3)
Interest and Other Income [Member] | Diesel and Other Contracts [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in Earnings 0.8 (8.9) 2.0 (8.0)
Interest and Other Income [Member] | Foreign Currency Contract - Other [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in Earnings $ (0.8) $ 4.9 $ (1.7) $ 8.3
v3.21.1
Derivative and Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Coffee Contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount $ 210 $ 63
Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 838 870
Dairy Contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 18 61
Diesel and Other Contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 12 5
Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 1,183 1,140
Interest Rate Contract [Member]    
Derivative [Line Items]    
Derivative, Notional Amount $ 1,750 $ 1,750
v3.21.1
Derivative Financial Instruments Derivative Financial Instruments (Fair Value of Outstanding Derivative Contracts) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Coffee Contracts [Member]    
Derivative [Line Items]    
Derivative Assets $ 12.9 $ 2.6
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Dairy Contracts [Member]    
Derivative [Line Items]    
Derivative Assets 0.6 2.1
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Assets 6.4 8.6
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]    
Derivative [Line Items]    
Derivative Assets 1.4 0.0
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Assets 0.7 2.3
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative Assets 28.6 37.7
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Assets 4.3 3.8
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]    
Derivative [Line Items]    
Derivative Assets 24.7 0.0
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]    
Derivative [Line Items]    
Derivative Assets 38.5 45.8
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Coffee Contracts [Member]    
Derivative [Line Items]    
Derivative Liabilities 0.0 1.4
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Dairy Contracts [Member]    
Derivative [Line Items]    
Derivative Liabilities 0.4 1.4
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Liabilities 11.2 1.6
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]    
Derivative [Line Items]    
Derivative Liabilities 0.1 1.7
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Liabilities 1.6 1.2
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Coffee Contracts [Member]    
Derivative [Line Items]    
Derivative Liabilities 0.0 0.1
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative Liabilities 4.7 7.3
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Liabilities 8.9 2.6
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]    
Derivative [Line Items]    
Derivative Liabilities $ 0.0 $ 69.3
v3.21.1
Derivative Financial Instruments Interest Rate Swaps (Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position) (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - Long-term Debt [Member] - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability $ 777.9 $ 785.6
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) $ 27.9 $ 35.6
v3.21.1
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Assets:    
Total short-term investments $ 123.0 $ 281.2
Total Assets 4,406.6 4,941.1
Liabilities:    
Total liabilities 26.9 86.6
Cash and cash equivalents    
Assets:    
Cash and cash equivalents 3,880.7 4,350.9
Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 53.5 216.3
Marketable equity securities 69.5 64.9
Total short-term investments 123.0 281.2
Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets, Current 22.0 15.6
Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 284.8 206.1
Other Long-Term Assets [Member]    
Assets:    
Derivative assets, Noncurrent 96.1 87.3
Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities, Current 13.3 7.3
Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities, Noncurrent 13.6 79.3
Auction rate securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 5.7 5.7
Certificates of deposit | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   1.6
Commercial paper | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 38.5 66.8
Corporate debt securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 14.0 123.6
Corporate debt securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 167.4 82.6
Foreign government obligations | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 4.0  
Foreign Government Short-term Debt Securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   8.5
Mortgage and other asset-backed securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   15.8
Mortgage and other asset-backed securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 18.0 19.3
State and local government obligations | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 1.0  
State and local government obligations | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 4.1 3.6
U.S. government treasury securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 85.6 94.9
Fair Value, Inputs, Level 1 [Member]    
Assets:    
Total Assets 4,049.0 4,514.3
Liabilities:    
Total liabilities 0.2 2.0
Fair Value, Inputs, Level 1 [Member] | Cash and cash equivalents    
Assets:    
Cash and cash equivalents 3,880.7 4,350.9
Fair Value, Inputs, Level 1 [Member] | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Marketable equity securities 69.5 64.9
Total short-term investments 69.5 64.9
Fair Value, Inputs, Level 1 [Member] | Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets, Current 13.2 3.6
Fair Value, Inputs, Level 1 [Member] | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 85.6 94.9
Fair Value, Inputs, Level 1 [Member] | Other Long-Term Assets [Member]    
Assets:    
Derivative assets, Noncurrent 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities, Current 0.2 1.9
Fair Value, Inputs, Level 1 [Member] | Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities, Noncurrent 0.0 0.1
Fair Value, Inputs, Level 1 [Member] | Auction rate securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Certificates of deposit | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   0.0
Fair Value, Inputs, Level 1 [Member] | Commercial paper | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Corporate debt securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Corporate debt securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Foreign government obligations | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0  
Fair Value, Inputs, Level 1 [Member] | Foreign Government Short-term Debt Securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   0.0
Fair Value, Inputs, Level 1 [Member] | Mortgage and other asset-backed securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   0.0
Fair Value, Inputs, Level 1 [Member] | Mortgage and other asset-backed securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | State and local government obligations | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0  
Fair Value, Inputs, Level 1 [Member] | State and local government obligations | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | U.S. government treasury securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 85.6 94.9
Fair Value, Inputs, Level 2 [Member]    
Assets:    
Total Assets 351.9 421.1
Liabilities:    
Total liabilities 26.7 84.6
Fair Value, Inputs, Level 2 [Member] | Cash and cash equivalents    
Assets:    
Cash and cash equivalents 0.0 0.0
Fair Value, Inputs, Level 2 [Member] | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 53.5 216.3
Marketable equity securities 0.0 0.0
Total short-term investments 53.5 216.3
Fair Value, Inputs, Level 2 [Member] | Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets, Current 8.8 12.0
Fair Value, Inputs, Level 2 [Member] | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 193.5 105.5
Fair Value, Inputs, Level 2 [Member] | Other Long-Term Assets [Member]    
Assets:    
Derivative assets, Noncurrent 96.1 87.3
Fair Value, Inputs, Level 2 [Member] | Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities, Current 13.1 5.4
Fair Value, Inputs, Level 2 [Member] | Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities, Noncurrent 13.6 79.2
Fair Value, Inputs, Level 2 [Member] | Auction rate securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 2 [Member] | Certificates of deposit | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   1.6
Fair Value, Inputs, Level 2 [Member] | Commercial paper | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 38.5 66.8
Fair Value, Inputs, Level 2 [Member] | Corporate debt securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 14.0 123.6
Fair Value, Inputs, Level 2 [Member] | Corporate debt securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 167.4 82.6
Fair Value, Inputs, Level 2 [Member] | Foreign government obligations | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 4.0  
Fair Value, Inputs, Level 2 [Member] | Foreign Government Short-term Debt Securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   8.5
Fair Value, Inputs, Level 2 [Member] | Mortgage and other asset-backed securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   15.8
Fair Value, Inputs, Level 2 [Member] | Mortgage and other asset-backed securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 18.0 19.3
Fair Value, Inputs, Level 2 [Member] | State and local government obligations | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 1.0  
Fair Value, Inputs, Level 2 [Member] | State and local government obligations | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 4.1 3.6
Fair Value, Inputs, Level 2 [Member] | U.S. government treasury securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 3 [Member]    
Assets:    
Total Assets 5.7 5.7
Liabilities:    
Total liabilities 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Cash and cash equivalents    
Assets:    
Cash and cash equivalents 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Marketable equity securities 0.0 0.0
Total short-term investments 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets, Current 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 5.7 5.7
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Assets [Member]    
Assets:    
Derivative assets, Noncurrent 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities, Current 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities, Noncurrent 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Auction rate securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 5.7 5.7
Fair Value, Inputs, Level 3 [Member] | Certificates of deposit | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   0.0
Fair Value, Inputs, Level 3 [Member] | Commercial paper | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Corporate debt securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Corporate debt securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Foreign government obligations | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0  
Fair Value, Inputs, Level 3 [Member] | Foreign Government Short-term Debt Securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   0.0
Fair Value, Inputs, Level 3 [Member] | Mortgage and other asset-backed securities | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities   0.0
Fair Value, Inputs, Level 3 [Member] | Mortgage and other asset-backed securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | State and local government obligations | Short-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0  
Fair Value, Inputs, Level 3 [Member] | State and local government obligations | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | U.S. government treasury securities | Long-term Investments [Member]    
Assets:    
Available-for-sale debt securities $ 0.0 $ 0.0
v3.21.1
Inventories (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Inventory [Line Items]    
Inventory Write-down   $ 50.0
Fixed-price Contract [Member]    
Inventory [Line Items]    
Amount of coffee committed to be purchased $ 637.0  
Price-to-be-fixed Contract [Member]    
Inventory [Line Items]    
Amount of coffee committed to be purchased $ 654.0  
v3.21.1
Inventories (Components of Inventory) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Inventory Disclosure [Abstract]    
Unroasted $ 690.0 $ 664.7
Roasted 221.7 223.5
Other merchandise held for sale 266.6 293.9
Packaging and other supplies 325.3 369.3
Total $ 1,503.6 $ 1,551.4
v3.21.1
Supplemental Balance Sheet Information (Prepaid Expenses and Other Current Assets) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Prepaid Expenses and Other Current Assets [Line Items]    
Income tax receivable $ 180.6 $ 356.9
Government subsidies receivables 158.6 155.1
Other prepaid expenses and current assets 252.8 227.5
Prepaid expenses and other current assets $ 592.0 $ 739.5
v3.21.1
Supplemental Balance Sheet Information (Property, Plant And Equipment, net) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 14,187.5 $ 14,155.3
Accumulated depreciation (8,064.4) (7,913.9)
Property, plant and equipment, net 6,123.1 6,241.4
Land [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 46.2 46.0
Buildings [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 592.3 586.8
Leasehold Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 8,246.4 8,262.6
Store Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 2,817.1 2,800.3
Roasting Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 807.0 796.6
Furniture, Fixtures and Other [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 1,288.6 1,285.7
Work in Progress [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 389.9 $ 377.3
v3.21.1
Supplemental Balance Sheet Information (Accrued Liabilities) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Accrued Liabilities [Line Items]    
Accrued occupancy costs $ 76.1 $ 76.9
Dividends Payable, Current 530.1 0.0
Other Accrued Liabilities, Current 757.7 677.2
Self Insurance Reserve, Current 236.4 243.9
Accrued Income Taxes 171.3 162.7
Accrued liabilities $ 1,771.6 $ 1,160.7
v3.21.1
Supplemental Income Statement Information (Store Operating Expenses) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Store Operating Expenses [Line Items]        
Wages and benefits $ 1,664.9 $ 1,608.0 $ 3,271.1 $ 3,206.0
Occupancy costs 626.2 593.9 1,254.3 1,212.6
Other store operating expenses 532.2 519.5 1,165.3 1,124.3
Store operating expenses $ 2,823.3 $ 2,721.4 $ 5,690.7 $ 5,542.9
v3.21.1
Intangible Assets, Goodwill and Other (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Finite-Lived Intangible Assets [Line Items]        
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months $ 62.2 $ 54.5 $ 123.4 $ 108.6
v3.21.1
Other Intangible Assets and Goodwill (Indefinite-Lived Intangible Assets) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Trade names, trademarks and patents    
Indefinite-lived Intangible Assets [Line Items]    
Indefinite-lived Intangible Assets $ 95.7 $ 95.0
v3.21.1
Other Intangible Assets and Goodwill (Finite-Lived Intangible Assets) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount $ 1,330.5 $ 1,307.9
Accumulated amortization (981.9) (850.8)
Total estimated future amortization expense 348.6 457.1
Acquired and reacquired rights    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 1,137.8 1,116.1
Accumulated amortization (880.8) (765.0)
Total estimated future amortization expense 257.0 351.1
Acquired trade secrets and processes    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 27.6 27.6
Accumulated amortization (23.4) (22.0)
Total estimated future amortization expense 4.2 5.6
Trade names, trademarks and patents    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 125.4 124.8
Accumulated amortization (42.1) (32.1)
Total estimated future amortization expense 83.3 92.7
Licensing agreements    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 16.0 16.6
Accumulated amortization (15.7) (15.0)
Total estimated future amortization expense 0.3 1.6
Other finite-lived intangible assets    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 23.7 22.8
Accumulated amortization (19.9) (16.7)
Total estimated future amortization expense $ 3.8 $ 6.1
v3.21.1
Other Intangible Assets and Goodwill (Estimated Future Amortization Expense) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]    
2021 (excluding the two quarters ended March 28, 2021) $ 103.6  
2022 190.3  
2023 19.6  
2024 19.0  
2025 13.1  
Thereafter 3.0  
Total estimated future amortization expense $ 348.6 $ 457.1
v3.21.1
Intangible Assets, Goodwill and Other (Changes in Carrying Amount of Goodwill by Reportable Operating Segment) (Details)
$ in Millions
 6 Months Ended
Mar. 28, 2021
USD ($)
Goodwill [Line Items]  
Goodwill, beginning balance $ 3,597.2
Other 61.7
Goodwill, ending balance 3,658.9
Americas [Member]  
Goodwill [Line Items]  
Goodwill, beginning balance 496.5
Other 1.6
Goodwill, ending balance 498.1
International [Member]  
Goodwill [Line Items]  
Goodwill, beginning balance 3,065.0
Other 60.1
Goodwill, ending balance 3,125.1
Channel Development [Member]  
Goodwill [Line Items]  
Goodwill, beginning balance 34.7
Other 0.0
Goodwill, ending balance 34.7
Corporate and Other [Member]  
Goodwill [Line Items]  
Goodwill, beginning balance 1.0
Other 0.0
Goodwill, ending balance $ 1.0
v3.21.1
Debt (Narrative) (Details)
¥ in Millions, $ in Millions
 6 Months Ended
Mar. 26, 2022
Dec. 30, 2021
Mar. 28, 2021
USD ($)
Mar. 28, 2021
JPY (¥)
Sep. 27, 2020
USD ($)
Debt Instrument [Line Items]          
Short-term debt     $ 18.3   $ 438.8
Commercial paper          
Debt Instrument [Line Items]          
Maximum allowable amount under Commercial Paper Program     3,000.0    
Short-term debt     $ 0.0    
Commercial paper | Maximum [Member]          
Debt Instrument [Line Items]          
Debt Instrument, Term     397 days    
Line of Credit [Member] | 5 billion Yen Credit Facility [Member]          
Debt Instrument [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity     $ 45.8    
Line of Credit Facility, Expiration Date   Dec. 30, 2021      
Line of Credit [Member] | 5 billion Yen Credit Facility [Member] | Japan, Yen          
Debt Instrument [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity | ¥       ¥ 5,000.0  
Line of Credit [Member] | 5 billion Yen Credit Facility [Member] | Tokyo Interbank Offered Rate TIBOR [Member]          
Debt Instrument [Line Items]          
Debt Instrument, Basis Spread on Variable Rate     0.40%    
Line of Credit [Member] | 10 billion Yen Credit Facility [Member]          
Debt Instrument [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity     $ 91.6    
Line of Credit Facility, Expiration Date Mar. 26, 2022        
Line of Credit [Member] | 10 billion Yen Credit Facility [Member] | Japan, Yen          
Debt Instrument [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity | ¥       10,000.0  
Line of Credit [Member] | 10 billion Yen Credit Facility [Member] | Tokyo Interbank Offered Rate TIBOR [Member]          
Debt Instrument [Line Items]          
Debt Instrument, Basis Spread on Variable Rate     0.35%    
Line of Credit [Member] | 10 billion Yen, 10 billion Yen Credit Facility due in October 2021 and 5 Billion Yen Credit Facility          
Debt Instrument [Line Items]          
Short-term debt     $ 18.3    
Line of Credit [Member] | 10 billion Yen, 10 billion Yen Credit Facility due in October 2021 and 5 Billion Yen Credit Facility | Japan, Yen          
Debt Instrument [Line Items]          
Short-term debt | ¥       ¥ 2,000.0  
v3.21.1
(Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 14,728.5 $ 16,006.4
Long-term Debt, Fair Value 15,546.8 17,498.7
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net (126.1) (132.5)
Hedging Liabilities, Noncurrent 27.9 35.6
Long-term Debt 14,630.3 15,909.5
Two Point Two Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 0.0 500.0
Stated Interest Rate 2.20%  
Debt Instrument, Interest Rate, Effective Percentage 2.228%  
Two Point Two Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 0.0 501.5
Two Point One Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 0.0 500.0
Stated Interest Rate 2.10%  
Debt Instrument, Interest Rate, Effective Percentage 2.293%  
Debt Instrument, Face Amount from Reopening of Previous Issuance $ 0.0 250.0
Debt Instrument, Interest Rate, Effective Percentage for Reopening of Previous Issuance 1.60%  
Two Point One Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 0.0 502.3
Debt Instrument, Fair Value Disclosure for Reopening of Previous Issuance 0.0 251.1
One Point Three Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 1.30%  
Debt Instrument, Interest Rate, Effective Percentage 1.334%  
One Point Three Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 505.3 506.5
Two Point Seven Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.70%  
Debt Instrument, Interest Rate, Effective Percentage 2.819%  
Two Point Seven Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 512.3 517.5
Three Point One Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 3.10%  
Debt Instrument, Interest Rate, Effective Percentage 3.107%  
Three Point One Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,049.1 1,058.8
Three Point Eight Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750.0 750.0
Stated Interest Rate 3.85%  
Debt Instrument, Interest Rate, Effective Percentage 2.859%  
Three Point Eight Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 807.9 817.5
PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 778.5 806.4
Stated Interest Rate 0.372%  
Debt Instrument, Interest Rate, Effective Percentage 0.462%  
PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 766.8 794.4
Three Point Eight Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,250.0 1,250.0
Stated Interest Rate 3.80%  
Debt Instrument, Interest Rate, Effective Percentage 3.721%  
Three Point Eight Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,382.3 1,414.5
Two Point Four Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.45%  
Debt Instrument, Interest Rate, Effective Percentage 2.511%  
Two Point Four Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 525.0 542.6
Two Point Zero Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.00%  
Debt Instrument, Interest Rate, Effective Percentage 2.058%  
Two Point Zero Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 509.3 528.9
Three Point Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 600.0 600.0
Stated Interest Rate 3.50%  
Debt Instrument, Interest Rate, Effective Percentage 3.529%  
Three Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 650.6 679.5
Four Point Zero Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750.0 750.0
Stated Interest Rate 4.00%  
Debt Instrument, Interest Rate, Effective Percentage 3.958%  
Four Point Zero Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 841.5 886.0
Three Point Five Five Percentage Senior Notes [Member] [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 3.55%  
Debt Instrument, Interest Rate, Effective Percentage 3.84%  
Three Point Five Five Percentage Senior Notes [Member] [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,088.7 1,147.1
Two Point Two Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750.0 750.0
Stated Interest Rate 2.25%  
Debt Instrument, Interest Rate, Effective Percentage 3.084%  
Two Point Two Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 736.5 778.0
Two Point Five Five Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,250.0 1,250.0
Stated Interest Rate 2.55%  
Debt Instrument, Interest Rate, Effective Percentage 2.582%  
Two Point Five Five Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,252.5 1,325.9
Four Point Three Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 350.0 350.0
Stated Interest Rate 4.30%  
Debt Instrument, Interest Rate, Effective Percentage 4.348%  
Four Point Three Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 385.8 412.4
Three Point Seven Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 3.75%  
Debt Instrument, Interest Rate, Effective Percentage 3.765%  
Three Point Seven Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 515.0 546.6
Four Point Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 4.50%  
Debt Instrument, Interest Rate, Effective Percentage 4.504%  
Four Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,150.2 1,222.8
Four Point Four Five Percentage Senior Notes [Member] [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 4.45%  
Debt Instrument, Interest Rate, Effective Percentage 4.447%  
Four Point Four Five Percentage Senior Notes [Member] [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,137.4 1,215.5
Three Point Three Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 3.35%  
Debt Instrument, Interest Rate, Effective Percentage 3.362%  
Three Point Three Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 482.9 517.1
Three Point Five Percentage Senior Notes due Nov 2050 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,250.0 1,250.0
Stated Interest Rate 3.50%  
Debt Instrument, Interest Rate, Effective Percentage 3.528%  
Three Point Five Percentage Senior Notes due Nov 2050 [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,247.7 $ 1,332.2
v3.21.1
Debt (Summary of long-term debt maturities) (Details) - USD ($)
$ in Millions
Mar. 28, 2021
Sep. 27, 2020
Long-term Debt [Line Items]    
2021 $ 0.0  
2022 1,000.0  
2023 1,000.0  
2024 1,528.5  
2025 1,250.0  
Thereafter 9,950.0  
Total $ 14,728.5 $ 16,006.4
v3.21.1
Leases - Narrative (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
USD ($)
Mar. 28, 2021
USD ($)
Lessee, Lease, Description [Line Items]    
Restructuring and Related Cost, Incurred Cost $ 23.0 $ 95.2
Leases [Abstract]    
Lessee, operating lease, lease not yet commenced, amount $ 761.9 $ 761.9
Minimum [Member]    
Leases [Abstract]    
Lessee, operating lease, lease not yet commenced, term of contract 3 years 3 years
Maximum [Member]    
Leases [Abstract]    
Lessee, operating lease, lease not yet commenced, term of contract 20 years 20 years
Lease termination [Member]    
Lessee, Lease, Description [Line Items]    
Restructuring and Related Cost, Incurred Cost $ 14.4 $ 44.0
v3.21.1
Leases - Schedule of Lease Cost (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Lessee, Lease, Description [Line Items]        
Operating lease costs $ 389.3 $ 377.4 $ 798.7 $ 750.5
Variable lease costs 224.3 197.2 446.7 426.0
Short-term lease costs 7.6 8.3 16.3 16.6
Total lease costs $ 621.2 $ 582.9 $ 1,261.7 $ 1,193.1
v3.21.1
Leases - Schedule Supplemental Disclosures (Details) - USD ($)
$ in Millions
 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Lessee, Lease, Description [Line Items]    
Cash paid related to operating lease liabilities $ 792.4 $ 726.0
Operating lease liabilities arising from obtaining ROU assets $ 659.6 $ 506.6
Weighted-average remaining operating lease term 8 years 8 months 12 days 8 years 10 months 24 days
Weighted-average operating lease discount rate 2.40% 2.50%
v3.21.1
Leases - Schedule of Maturity of Operating Lease Payments (Details)
$ in Millions
Mar. 28, 2021
USD ($)
Leases [Abstract]  
2021 (excluding the two quarters ended March 28, 2021) $ 780.6
2022 1,486.5
2023 1,343.6
2024 1,202.9
2025 1,056.6
Thereafter 4,137.9
Total lease payments 10,008.1
Less imputed interest (1,134.0)
Total $ 8,874.1
v3.21.1
Revenue from Contract with Customer (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Sep. 27, 2020
Deferred Revenue Table [Line Items]          
Deferred Revenue, Revenue Recognized $ 44.2   $ 88.4    
Stored value card liability and current portion of deferred revenue 1,622.1   1,622.1   $ 1,456.5
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage [Member]          
Deferred Revenue Table [Line Items]          
Deferred Revenue 1,750.0 $ 1,561.0 1,280.5 $ 1,113.7  
Deferred Revenue, Additions 2,709.7 2,453.6 6,147.1 5,961.1  
Deferred Revenue, Revenue Recognized (2,977.8) (2,736.4) (5,958.0) (5,798.3)  
Deferred Revenue, Other (6.7) (5.1) 5.6 (3.4)  
Deferred Revenue 1,475.2 1,273.1 1,475.2 1,273.1  
Stored value card liability and current portion of deferred revenue $ 1,370.4 $ 1,191.5 $ 1,370.4 $ 1,191.5  
v3.21.1
Revenue Recognition (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 28, 2021
Sep. 27, 2020
Stored value card liability and current portion of deferred revenue $ 1,622.1 $ 1,622.1 $ 1,456.5
Deferred revenue 6,532.1 6,532.1 $ 6,598.5
Deferred Revenue, Revenue Recognized 44.2 88.4  
Nestle Global Coffee Alliance [Member]      
Stored value card liability and current portion of deferred revenue 178.9 178.9  
Deferred revenue $ 6,400.0 $ 6,400.0  
v3.21.1
Equity (Narrative) (Details) - $ / shares
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Sep. 27, 2020
Equity, Class of Treasury Stock [Line Items]          
Authorized shares of common stock 2,400,000,000.0   2,400,000,000.0   2,400,000,000.0
Par value of common stock $ 0.001   $ 0.001   $ 0.001
Authorized shares of preferred stock 7,500,000   7,500,000    
Outstanding shares of preferred stock 0   0    
Shares available for repurchase 48,900,000   48,900,000    
Common Stock, Dividends, Per Share, Declared $ 0.45 $ 0.41 $ 1.35 $ 0.82  
v3.21.1
Equity (Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Dec. 27, 2020
Sep. 27, 2020
Dec. 29, 2019
Sep. 29, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ (7,648.3) $ (7,532.9) $ (7,648.3) $ (7,532.9) $ (7,904.0) $ (7,799.4) $ (6,759.1) $ (6,231.0)
Net gains/(losses) in AOCI, beginning of period     (364.6)          
Other comprehensive income/(loss) 19.6 (134.4) 238.3 (23.3)        
Net gains/(losses) in AOCI, end of period (126.3)   (126.3)          
Cumulative effect of adoption of new accounting guidance     (2.2) 17.3        
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2.0 5.6 2.0 5.6 4.1 5.7 3.2 3.9
Net gains/(losses) recognized in OCI before reclassifications (2.0) 2.5 (2.4) 2.4        
Net (gains)/losses reclassified from AOCI to earnings (0.1) (0.1) (1.3) 0.0        
Other comprehensive income/(loss) (2.1) 2.4 (3.7) 2.4        
Cumulative effect of adoption of new accounting guidance       (0.7)        
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (5.7) (64.8) (5.7) (64.8) (75.5) (82.1) 33.7 11.0
Net gains/(losses) recognized in OCI before reclassifications 73.3 (96.7) 78.1 (70.9)        
Net (gains)/losses reclassified from AOCI to earnings (3.5) (1.8) (1.7) (7.9)        
Other comprehensive income/(loss) 69.8 (98.5) 76.4 (78.8)        
Cumulative effect of adoption of new accounting guidance       3.0        
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 19.6 47.8 19.6 47.8 (13.5) 11.5 7.7 (10.1)
Net gains/(losses) recognized in OCI before reclassifications 35.6 43.0 13.0 60.7        
Net (gains)/losses reclassified from AOCI to earnings (2.5) (2.9) (4.9) (5.3)        
Other comprehensive income/(loss) 33.1 40.1 8.1 55.4        
Cumulative effect of adoption of new accounting guidance       2.5        
Translation Adjustment [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (142.2) (510.4) (142.2) (510.4) (61.0) (299.7) (432.0) (508.1)
Net gains/(losses) recognized in OCI before reclassifications (81.2) (78.4) 157.5 (2.3)        
Net (gains)/losses reclassified from AOCI to earnings 0.0 0.0 0.0 0.0        
Other comprehensive income/(loss) (81.2) (78.4) 157.5 (2.3)        
Cumulative effect of adoption of new accounting guidance       0.0        
Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (7,654.0) (7,530.1) (7,654.0) (7,530.1) (7,909.7) (7,805.1) (6,759.9) (6,232.2)
Other comprehensive income/(loss) 19.6 (134.4) 238.3 (23.3)        
Cumulative effect of adoption of new accounting guidance     (2.2) 17.3        
AOCI Attributable to Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (126.3) (521.8) (126.3) (521.8) $ (145.9) $ (364.6) $ (387.4) $ (503.3)
Net gains/(losses) recognized in OCI before reclassifications 25.7 (129.6) 246.2 (10.1)        
Net (gains)/losses reclassified from AOCI to earnings (6.1) (4.8) (7.9) (13.2)        
Other comprehensive income/(loss) $ 19.6 $ (134.4) 238.3 (23.3)        
Cumulative effect of adoption of new accounting guidance     $ 0.0 $ 4.8        
v3.21.1
Equity (Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Amounts Reclassified from AOCI, Interest income and other, net $ 17.3 $ 2.0 $ 32.7 $ 18.0
Amounts Reclassified from AOCI, Interest expense (115.0) (99.2) (235.8) (191.1)
Amounts Reclassified from AOCI, Tax (expense)/benefit (230.5) (65.4) (416.5) (324.0)
Reclassification out of Accumulated Other Comprehensive Income [Member]        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Amounts Reclassified from AOCI, Total before tax 7.9 6.4 11.5 17.1
Amounts Reclassified from AOCI, Tax (expense)/benefit (1.8) (1.6) (3.6) (3.9)
Amounts Reclassified from AOCI, Net of tax 6.1 4.8 7.9 13.2
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Amounts Reclassified from AOCI, Net of tax (0.1) (0.1) (1.3) 0.0
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Amounts Reclassified from AOCI, Interest income and other, net 0.2 0.2 1.7 0.0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Amounts Reclassified from AOCI, Net of tax (3.5) (1.8) (1.7) (7.9)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Amounts Reclassified from AOCI, Total before tax 4.3 2.3 3.2 9.9
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Amounts Reclassified from AOCI, Net of tax (2.5) (2.9) (4.9) (5.3)
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]        
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]        
Amounts Reclassified from AOCI, Interest expense $ 3.4 $ 3.9 $ 6.6 $ 7.2
v3.21.1
Employee Stock Plans (Narrative) (Details)
shares in Millions
Mar. 28, 2021
shares
Stock Options and Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP 40.1
Employee Stock Purchase Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP 11.7
v3.21.1
Employee Stock Plans (Stock-Based Compensation Expense Recognized in Consolidated Statement of Earnings) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Stock-based compensation expense $ 76.0 $ 56.3 $ 175.3 $ 146.6
Stock Options [Member]        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Stock-based compensation expense 0.9 0.7 1.8 2.4
Restricted Stock Units (RSUs) [Member]        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Stock-based compensation expense $ 75.1 $ 55.6 $ 173.5 $ 144.2
v3.21.1
Employee Stock Plans (Stock Option and RSU Transactions) (Details) - USD ($)
shares in Millions, $ in Millions
 6 Months Ended
Mar. 28, 2021
Sep. 27, 2020
Stock Options [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Granted, Stock Options 0.0  
Options exercised, Stock Options (2.2)  
Forfeited/expired, Stock Options (0.1)  
Total unrecognized stock-based compensation expense, net of estimated forfeitures, Stock Options $ 0.3  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number 6.9 9.2
Restricted Stock Units (RSUs) [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Granted, RSUs 3.9  
RSUs vested, RSUs (3.0)  
Forfeited/expired, RSUs (0.8)  
Total unrecognized stock-based compensation expense, net of estimated forfeitures, RSUs $ 253.8  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number 8.4 8.3
v3.21.1
Income Taxes (Narrative) (Details)
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]        
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 25.90% 16.80% 24.50% 21.10%
v3.21.1
Earnings Per Share (Narrative) (Details) - shares
shares in Millions
 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Stock Options [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Out-of-the-money stock options 0.0 0.0
v3.21.1
Earnings Per Share (Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Earnings Per Share [Abstract]        
Net earnings attributable to Starbucks $ 659.4 $ 328.4 $ 1,281.6 $ 1,214.1
Weighted average common shares outstanding (for basic calculation) 1,177.5 1,171.8 1,176.3 1,176.1
Dilutive effect of outstanding common stock options and RSUs 7.3 8.9 7.6 9.7
Weighted average common and common equivalent shares outstanding (for diluted calculation) 1,184.8 1,180.7 1,183.9 1,185.8
EPS — basic $ 0.56 $ 0.28 $ 1.09 $ 1.03
EPS — diluted $ 0.56 $ 0.28 $ 1.08 $ 1.02
v3.21.1
Segment Reporting (Narrative) (Details)
 6 Months Ended
Mar. 28, 2021
Segment Reporting Information [Line Items]  
Segment Reporting, Factors Used to Identify Entity's Reportable Segments Segment information is prepared on the same basis that our ceo, who is our Chief Operating Decision Maker, manages the segments, evaluates financial results and makes key operating decisions.
v3.21.1
Segment Reporting (Revenue from External Customers by Products and Services) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Segment Reporting Information [Line Items]        
Total net revenues $ 6,668.0 $ 5,995.7 $ 13,417.5 $ 13,092.8
Beverage Member        
Segment Reporting Information [Line Items]        
Total net revenues 4,212.8 3,530.9 8,464.5 7,789.4
Food Member        
Segment Reporting Information [Line Items]        
Total net revenues 1,131.4 968.7 2,272.0 2,128.4
Other Products Member        
Segment Reporting Information [Line Items]        
Total net revenues $ 1,323.8 $ 1,496.1 $ 2,681.0 $ 3,175.0
Revenue Benchmark [Member]        
Segment Reporting Information [Line Items]        
Concentration Risk, Percentage 100.00% 100.00% 100.00% 100.00%
Revenue Benchmark [Member] | Beverage Member        
Segment Reporting Information [Line Items]        
Concentration Risk, Percentage 63.00% 59.00% 63.00% 59.00%
Revenue Benchmark [Member] | Food Member        
Segment Reporting Information [Line Items]        
Concentration Risk, Percentage 17.00% 16.00% 17.00% 16.00%
Revenue Benchmark [Member] | Other Products Member        
Segment Reporting Information [Line Items]        
Concentration Risk, Percentage 20.00% 25.00% 20.00% 25.00%
v3.21.1
Segment Reporting (Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Mar. 28, 2021
Mar. 29, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Total net revenues $ 6,668.0 $ 5,995.7 $ 13,417.5 $ 13,092.8
Depreciation and amortization expenses 366.7 356.3 732.6 707.4
Income from equity investees 77.1 67.9 159.7 141.9
Operating income/(loss) 987.6 487.4 1,901.2 1,707.2
Americas [Member] | Operating Segments [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Total net revenues 4,664.6 4,330.0 9,367.9 9,340.9
Depreciation and amortization expenses 186.0 191.5 374.9 380.7
Income from equity investees 0.0 0.0 0.0 0.0
Operating income/(loss) 905.3 621.2 1,718.7 1,720.0
International [Member] | Operating Segments [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Total net revenues 1,610.9 1,134.6 3,265.3 2,705.7
Depreciation and amortization expenses 143.4 130.0 283.4 256.7
Income from equity investees 26.8 24.8 53.0 55.8
Operating income/(loss) 251.5 (15.4) 526.3 260.5
Channel Development [Member] | Operating Segments [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Total net revenues 369.9 519.1 741.2 1,013.7
Depreciation and amortization expenses 0.3 0.3 0.6 0.6
Income from equity investees 50.3 43.1 106.7 86.1
Operating income/(loss) 172.6 189.6 353.3 365.1
Corporate and Other [Member] | Operating Segments [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Total net revenues 22.6 12.0 43.1 32.5
Depreciation and amortization expenses 37.0 34.5 73.7 69.4
Income from equity investees 0.0 0.0 0.0 0.0
Operating income/(loss) $ (341.8) $ (308.0) $ (697.1) $ (638.4)