STARBUCKS CORP, 10-Q filed on 7/28/2015
Quarterly Report
Document And Entity Information
In Millions, unless otherwise specified
9 Months Ended
Jun. 28, 2015
Jul. 22, 2015
Document And Entity Information [Abstract]
 
 
Document Type
10-Q 
 
Amendment Flag
false 
 
Document Period End Date
Jun. 28, 2015 
 
Document Fiscal Year Focus
2015 
 
Document Fiscal Period Focus
Q3 
 
Trading Symbol
SBUX 
 
Entity Registrant Name
STARBUCKS CORP 
 
Entity Central Index Key
0000829224 
 
Current Fiscal Year End Date
--09-27 
 
Entity Filer Category
Large Accelerated Filer 
 
Entity Common Stock, Shares Outstanding
 
1,484.2 
Condensed Consolidated Statements of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Net revenues:
 
 
 
 
Total net revenues
$ 4,881.2 
$ 4,153.7 
$ 14,247.9 
$ 12,267.1 
Cost of sales including occupancy costs
1,953.9 
1,711.5 
5,804.9 
5,135.7 
Store operating expenses
1,392.4 
1,176.5 
4,032.5 
3,486.1 
Other operating expenses
131.6 
120.6 
394.5 
346.3 
Depreciation and amortization expenses
236.5 
180.1 
659.6 
524.2 
General and administrative expenses
288.5 
269.4 
892.8 
752.6 
Litigation credit
0 
0 
0 
(20.2)
Total operating expenses
4,002.9 
3,458.1 
11,784.3 
10,224.7 
Income from equity investees
60.3 
72.9 
168.0 
183.9 
Operating income
938.6 
768.5 
2,631.6 
2,226.3 
Gain resulting from acquisition of joint venture
0 
0 
390.6 
0 
Interest income and other, net
25.5 
19.4 
36.6 
57.0 
Interest expense
(19.1)
(16.4)
(52.3)
(47.7)
Earnings before income taxes
945.0 
771.5 
3,006.5 
2,235.6 
Income tax expense
318.5 
259.0 
899.7 
755.4 
Net earnings including noncontrolling interests
626.5 
512.5 
2,106.8 
1,480.2 
Net earnings/(loss) attributable to noncontrolling interests
(0.2)
(0.1)
1.9 
(0.1)
Net earnings attributable to Starbucks
626.7 
512.6 
2,104.9 
1,480.3 
Earnings per share - basic
$ 0.42 
$ 0.34 
$ 1.40 
$ 0.98 
Earnings per share - diluted
$ 0.41 
$ 0.34 
$ 1.39 
$ 0.97 
Weighted average shares outstanding:
 
 
 
 
Basic
1,498.5 
1,503.5 
1,499.3 
1,507.9 
Diluted
1,515.7 
1,522.0 
1,516.3 
1,527.8 
Cash dividends declared per share
$ 0.16 
$ 0.13 
$ 0.48 
$ 0.39 
Company-operated stores [Member]
 
 
 
 
Net revenues:
 
 
 
 
Total net revenues
3,915.0 
3,290.5 
11,310.7 
9,702.3 
Licensed stores [Member]
 
 
 
 
Net revenues:
 
 
 
 
Total net revenues
475.2 
408.1 
1,380.5 
1,166.1 
CPG, foodservice and other [Member]
 
 
 
 
Net revenues:
 
 
 
 
Total net revenues
$ 491.0 
$ 455.1 
$ 1,556.7 
$ 1,398.7 
Condensed Consolidated Statements of Comprehensive Income (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Net earnings including noncontrolling interests
$ 626.5 
$ 512.5 
$ 2,106.8 
$ 1,480.2 
Other comprehensive income/(loss), net of tax:
 
 
 
 
Other comprehensive income/(loss)
(14.2)
6.6 
(156.4)
3.9 
Comprehensive income including noncontrolling interests
612.3 
519.1 
1,950.4 
1,484.1 
Comprehensive income/(loss) attributable to noncontrolling interests
(0.2)
(0.1)
(29.2)
(0.1)
Comprehensive income attributable to Starbucks
612.5 
519.2 
1,979.6 
1,484.2 
Available-for-sale Securities [Member]
 
 
 
 
Other comprehensive income/(loss), net of tax:
 
 
 
 
Unrealized holding gains/(losses) on available-for-sale securities, before tax
(1.8)
1.7 
0.3 
0.8 
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit
0.7 
(0.6)
(0.1)
(0.2)
Cash Flow Hedging [Member]
 
 
 
 
Other comprehensive income/(loss), net of tax:
 
 
 
 
Unrealized gains/(losses) on derivatives, before tax
33.9 
(13.8)
97.8 
6.1 
Unrealized gains/(losses) on derivatives, tax (expense)/benefit
(8.8)
3.6 
(24.2)
(2.4)
Net Investment Hedging [Member]
 
 
 
 
Other comprehensive income/(loss), net of tax:
 
 
 
 
Unrealized gains/(losses) on derivatives, before tax
0 
(0.7)
4.3 
5.2 
Unrealized gains/(losses) on derivatives, tax (expense)/benefit
0 
0.3 
(1.6)
(1.9)
Available-for-sale Securities [Member]
 
 
 
 
Other comprehensive income/(loss), net of tax:
 
 
 
 
Other comprehensive income/(loss)
(1.6)
1.1 
(0.8)
0.8 
Cash Flow Hedging [Member]
 
 
 
 
Other comprehensive income/(loss), net of tax:
 
 
 
 
Other comprehensive income/(loss)
(1.6)
(11.7)
(1.3)
8.3 
Net Investment Hedging [Member]
 
 
 
 
Other comprehensive income/(loss), net of tax:
 
 
 
 
Other comprehensive income/(loss)
0 
(0.4)
(1.9)
3.3 
Translation Adjustment [Member]
 
 
 
 
Other comprehensive income/(loss), net of tax:
 
 
 
 
Translation adjustment, before tax
(6.0)
19.8 
(169.3)
(2.9)
Translation adjustment, tax (expense)/benefit
(5.0)
(2.2)
2.6 
(5.6)
Other comprehensive income/(loss)
(11.0)
17.6 
(121.3)
(8.5)
Reclassification out of Accumulated Other Comprehensive Income [Member]
 
 
 
 
Other comprehensive income/(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
(38.2)
(2.6)
(94.0)
2.8 
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit)
$ 11.0 
$ 1.1 
$ 27.8 
$ 2.0 
Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 28, 2015
Sep. 28, 2014
Current assets:
 
 
Cash and cash equivalents
$ 2,080.5 
$ 1,708.4 
Short-term investments
94.7 
135.4 
Accounts receivable, net
672.7 
631.0 
Inventories
1,166.0 
1,090.9 
Prepaid expenses and other current assets
413.8 
285.6 
Deferred income taxes, net
333.0 
317.4 
Total current assets
4,760.7 
4,168.7 
Long-term investments
390.1 
318.4 
Equity and cost investments
359.4 
514.9 
Property, plant and equipment, net
3,977.7 
3,519.0 
Deferred income taxes, net
851.2 
903.3 
Other long-term assets
443.3 
198.9 
Other intangible assets
525.8 
273.5 
Goodwill
1,560.6 
856.2 
TOTAL ASSETS
12,868.8 
10,752.9 
Current liabilities:
 
 
Accounts payable
603.2 
533.7 
Accrued liabilities
1,656.9 
1,514.4 
Insurance reserves
214.7 
196.1 
Stored value card liability
1,024.6 
794.5 
Current Portion of Long-Term Debt
549.8 
0 
Total current liabilities
4,049.2 
3,038.7 
Long-term debt
2,347.4 
2,048.3 
Other long-term liabilities
613.9 
392.2 
Total liabilities
7,010.5 
5,479.2 
Shareholders' equity:
 
 
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,490.8 shares and 1,499.1 shares, respectively
1.5 
0.7 
Additional paid-in capital
41.1 
39.4 
Retained earnings
5,945.0 
5,206.6 
Accumulated other comprehensive income/(loss)
(131.1)
25.3 
Total shareholders' equity
5,856.5 
5,272.0 
Noncontrolling interests
1.8 
1.7 
Total equity
5,858.3 
5,273.7 
TOTAL LIABILITIES AND EQUITY
$ 12,868.8 
$ 10,752.9 
Condensed Consolidated Balance Sheets (Parenthetical) (USD $)
Jun. 28, 2015
Sep. 28, 2014
Statement of Financial Position [Abstract]
 
 
Common stock, par value
$ 0.001 
$ 0.001 
Common stock, shares authorized
2,400,000,000 
2,400,000,000 
Common stock, shares issued
1,490,800,000 
1,499,100,000 
Common stock, shares outstanding
1,490,800,000 
1,499,100,000 
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
OPERATING ACTIVITIES:
 
 
Net earnings including noncontrolling interests
$ 2,106.8 
$ 1,480.2 
Adjustments to reconcile net earnings to net cash provided/(used) by operating activities:
 
 
Depreciation and amortization
693.3 
554.0 
Deferred income taxes, net
44.1 
32.1 
Income earned from equity method investees
(123.3)
(120.2)
Distributions received from equity method investees
84.3 
82.9 
Gain resulting from acquisition of joint venture
(390.6)
0 
Stock-based compensation
156.2 
142.6 
Excess tax benefit on share-based awards
(97.9)
(101.6)
Other
41.8 
33.5 
Cash provided/(used) by changes in operating assets and liabilities:
 
 
Accounts receivable
(31.4)
(19.0)
Inventories
(64.3)
85.2 
Accounts payable
53.7 
(3.1)
Accrued litigation charge
0 
(2,763.9)
Income taxes payable, net
(42.5)
179.8 
Accrued liabilities and insurance reserves
119.3 
117.1 
Stored value card liability
206.6 
177.0 
Prepaid expenses, other current assets and other assets
23.1 
(10.0)
Net cash provided/(used) by operating activities
2,779.2 
(133.4)
INVESTING ACTIVITIES:
 
 
Purchase of investments
(466.8)
(1,545.2)
Sales of investments
420.1 
832.4 
Maturities and calls of investments
16.0 
425.5 
Acquisitions, net of cash acquired
(284.3)
0 
Additions to property, plant and equipment
(943.5)
(811.2)
Other
(33.9)
(24.4)
Net cash used by investing activities
(1,292.4)
(1,122.9)
FINANCING ACTIVITIES:
 
 
Proceeds from issuance of long-term debt
848.5 
748.5 
Cash used or restricted for purchase of noncontrolling interest
(366.3)
0 
Proceeds from issuance of common stock
146.9 
117.6 
Excess tax benefit on share-based awards
97.9 
101.6 
Cash dividends paid
(719.7)
(587.8)
Repurchase of common stock
(921.1)
(595.2)
Minimum tax withholdings on share-based awards
(74.5)
(76.8)
Other
(8.5)
(3.6)
Net cash (used)/provided by financing activities
(996.8)
(295.7)
Effect of exchange rate changes on cash and cash equivalents
(117.9)
(4.3)
Net increase/(decrease) in cash and cash equivalents
372.1 
(1,556.3)
CASH AND CASH EQUIVALENTS:
 
 
Beginning of period
1,708.4 
2,575.7 
End of period
2,080.5 
1,019.4 
Cash paid during the period for:
 
 
Interest, net of capitalized interest
56.6 
39.2 
Income taxes, net of refunds
$ 936.5 
$ 548.0 
Summary of Significant Accounting Policies
Summary Of Significant Accounting Policies
Summary of Significant Accounting Policies
Financial Statement Preparation
The unaudited condensed consolidated financial statements as of June 28, 2015, and for the quarter and three quarters ended June 28, 2015 and June 29, 2014, 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 three quarters ended June 28, 2015 and June 29, 2014 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.”
The financial information as of September 28, 2014 is derived from our audited consolidated financial statements and notes for the fiscal year ended September 28, 2014 (“fiscal 2014”) included in Item 8 in the Fiscal 2014 Annual Report on Form 10-K (the “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 three quarters ended June 28, 2015 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending September 27, 2015 ("fiscal 2015").
Stock Split
On April 9, 2015, we effected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March 30, 2015. All share and per-share data in our consolidated financial statements and notes has been retroactively adjusted to reflect this stock split. We adjusted shareholders' equity to reflect the stock split by reclassifying an amount equal to the par value of the additional shares arising from the split from retained earnings to common stock during the second quarter of fiscal 2015, resulting in no net impact to shareholders' equity on our consolidated balance sheets.
Recent Accounting Pronouncements
In July 2015, the Financial Accounting Standards Board ("FASB") issued guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. The guidance will require prospective application at the beginning of our first quarter of fiscal 2018, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.
In April 2015, the FASB issued guidance on the financial statement presentation of debt issuance costs. This guidance requires debt issuance costs to be presented in the balance sheet as a reduction of the related debt liability rather than an asset. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017 and will only result in an immaterial change in presentation of these costs on our consolidated balance sheets.
In February 2015, the FASB issued guidance that changes the evaluation criteria for consolidation and related disclosure requirements. This guidance introduces evaluation criteria specific to limited partnerships and other similar entities, as well as amends the criteria for evaluating variable interest entities with which the reporting entity is involved and certain investment funds. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.
In May 2014, the FASB issued guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The original effective date of the guidance would have required us to adopt at the beginning of our first quarter of fiscal 2018. In July 2015, the FASB approved an optional one-year deferral of the effective date. The new guidance will require full or modified retrospective application. We are currently evaluating the impact this guidance will have on our consolidated financial statements, as well as the expected timing and method of adoption.
In April 2014, the FASB issued guidance that changes the criteria for reporting discontinued operations. To qualify as a discontinued operation under the amended guidance, a component or group of components of an entity that has been disposed of or is classified as held for sale must represent a strategic shift that has or will have a major effect on the entity's operations and financial results. This guidance also expands related disclosure requirements. The guidance will become effective for us at the beginning of our first quarter of fiscal 2016. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.
In July 2013, the FASB issued guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This guidance requires the unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset. When a deferred tax asset is not available, or the asset is not intended to be used for this purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and not netted with a deferred tax asset. The guidance became effective for us at the beginning of our first quarter of fiscal 2015 and did not have a material impact on our consolidated financial statements. 
In March 2013, the FASB issued guidance on a parent's accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. This guidance requires a parent to release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The guidance became effective for us at the beginning of our first quarter of fiscal 2015 and did not have a material impact on our consolidated financial statements.
Acquisition
Acquisition
Note 2:
Acquisition
On September 23, 2014, we entered into a tender offer bid agreement with Starbucks Coffee Japan, Ltd. ("Starbucks Japan"), at the time a 39.5% owned equity method investment, and our joint venture partner, Sazaby League, Ltd. ("Sazaby"), to acquire the remaining 60.5% ownership interest in Starbucks Japan. Acquiring Starbucks Japan further leverages our existing infrastructure to continue disciplined retail store growth and expand our presence into other channels in the Japan market, such as consumer packaged goods ("CPG"), licensing and foodservice. This acquisition was structured as a two-step tender offer.
On October 31, 2014, we acquired Sazaby's 39.5% ownership interest in Starbucks Japan through the first tender offer step for ¥55 billion in cash, or $509 million with Japanese yen converted into U.S. dollars at a reference conversion rate of 108.13 JPY to USD, based on a spot rate that approximates the rate as of the acquisition date, bringing our total ownership in Starbucks Japan to a controlling 79% interest. The estimated fair values of the assets acquired, liabilities assumed and the noncontrolling interest are based on preliminary valuation as of the October 31, 2014 acquisition date and are subject to change as additional information about the fair value of assets acquired, liabilities assumed and noncontrolling interest becomes available.
The following table summarizes the allocation of the total consideration to the fair values of the assets acquired and liabilities assumed as of October 31, 2014 (in millions):
Consideration:
 
 
Cash paid for Sazaby's 39.5% equity interest
 
$
508.7

Fair value of our preexisting 39.5% equity interest
 
577.0

Total consideration
 
$
1,085.7

 
 
 
Fair value of assets acquired and liabilities assumed:
 
 
Cash and cash equivalents
 
$
224.4

Accounts receivable, net
 
37.4

Inventories
 
26.4

Prepaid expenses and other current assets
 
35.7

Deferred income taxes, net (current)
 
23.4

Property, plant and equipment
 
282.9

Other long-term assets
 
141.4

Other intangible assets
 
323.0

Goodwill
 
811.6

Total assets acquired
 
1,906.2

Accounts payable
 
(54.5
)
Accrued liabilities
 
(115.9
)
Stored value card liability
 
(36.5
)
Deferred income taxes (noncurrent)
 
(92.9
)
Other long-term liabilities
 
(109.6
)
Total liabilities assumed
 
(409.4
)
Noncontrolling interest
 
(411.1
)
Total consideration
 
$
1,085.7


In the third quarter of fiscal 2015, the acquisition date fair value of goodwill was reduced by $4.0 million, due to revisions that decreased the acquisition date fair value of accrued liabilities by the same amount. The adjustment did not have a material effect on our current or prior period consolidated financial statements.
The assets acquired and liabilities assumed are reported within our China/Asia Pacific segment. Other current and long-term assets acquired primarily include various deposits, specifically lease and key money deposits. Accrued liabilities and other long-term liabilities assumed primarily include the financing obligations associated with the build-to-suit leases discussed below, as well as asset retirement obligations.
The intangible assets are definite-lived and include reacquired rights, licensing agreements with Starbucks Japan's current licensees and Starbucks Japan's customer loyalty program. The reacquired rights of $305.0 million represent the fair value, calculated over the remaining original contractual period, to exclusively operate licensed Starbucks® retail stores in Japan. These rights will be amortized on a straight-line basis through March 2021, or over a period of approximately 6.4 years. The licensing agreements were valued at $15.0 million and will be amortized on a straight-line basis over a period of approximately 10.9 years, which is based on the remaining terms of the respective licensing agreements. The customer loyalty program was valued at $3.0 million and will be amortized on a straight-line basis over a period of 4.0 years, which represents the period during which we expect to benefit from these customer relationships.
Below is a tabular summary of the acquired intangible assets as of June 28, 2015, for which the gross balances in total are $41.0 million lower than as of the October 31, 2014 acquisition date due to foreign currency translation (in millions):
 
Jun 28, 2015
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Reacquired rights
$
266.2

 
$
(27.6
)
 
$
238.6

Licensing agreements
13.1

 
(0.8
)
 
12.3

Customer loyalty program
2.6

 
(0.4
)
 
2.2

Total acquired definite-lived intangible assets
$
281.9

 
$
(28.8
)
 
$
253.1


Amortization expense for these definite-lived intangible assets for the quarter and three quarters ended June 28, 2015 was $11.0 million and $30.0 million, respectively, and is estimated to be approximately $43 million each year for the next five years and approximately $38 million thereafter.
The $811.6 million of goodwill represents the intangible assets that do not qualify for separate recognition and primarily includes the acquired current customer base, the acquired workforce including store partners in the region that have strong relationships with these customers, the existing geographic retail and online presence, and the expected geographic presence in new channels. The goodwill was allocated to the China/Asia Pacific segment and is not deductible for income tax purposes. Due to foreign currency translation, the balance of goodwill related to the acquisition declined $103.6 million to $708.0 million as of June 28, 2015.
As a part of this acquisition we acquired a significant number of operating leases, including $7.5 million of favorable lease assets, which are included in prepaid expenses and other current assets and other long-term assets, and $15.5 million of unfavorable lease liabilities, which are included in accrued liabilities and other long-term liabilities on the consolidated balance sheets. The fair values of these assets and liabilities were determined based on market terms for similar leases as of the date of the acquisition, and will be amortized on a straight-line basis as rent expense, or a reduction of rent expense, respectively, in cost of sales including occupancy costs on the consolidated statements of earnings over the remaining terms of the leases, for which the weighted-average period was 9.4 years as of the October 31, 2014 acquisition date. We recorded a net reduction of rent expense of $0.2 million and $0.6 million for the quarter and three quarters ended June 28, 2015, respectively, in connection with the leases acquired.
Additionally, we acquired a number of build-to-suit lease arrangements that are accounted for as financing leases. Starbucks Japan is the deemed owner of buildings under build-to-suit lease arrangements since Starbucks Japan has significant continuing involvement with the respective lessors and does not qualify for sales recognition during the lease term under sale-leaseback accounting guidance. Accordingly, we have recorded the acquired buildings in property, plant and equipment, and the assumed offsetting lease financing obligations, representing the related future minimum lease payments, in other long-term liabilities, with the current portion recorded in accrued liabilities on the consolidated balance sheets. These financing obligations will be amortized based on the terms of the related lease agreements.
The table below summarizes our estimated minimum future rental payments under the acquired non-cancelable operating leases and lease financing arrangements as of June 28, 2015 (in millions):
 
Operating Leases
 
Lease Financing Arrangements
Year 1
$
88.8

 
$
2.9

Year 2
71.1

 
2.9

Year 3
51.9

 
2.9

Year 4
37.9

 
2.9

Year 5
30.0

 
2.9

Thereafter
144.4

 
28.1

Total minimum lease payments
$
424.1

 
$
42.6


The fair value of the noncontrolling interest in Starbucks Japan was estimated by applying the market approach. Specifically, the fair value was determined based on the purchase price we expected to pay for the remaining 21% noncontrolling interest, which was comprised of a set market price and a premium above the market price. The market price premium is a customary business practice for public tender offer transactions in Japan, so we believe this is what a market participant would pay and should be included in the fair value determination.

As a result of this acquisition, we remeasured the carrying value of our preexisting 39.5% equity method investment to fair value, which resulted in a pre-tax gain of $390.6 million that was presented separately as gain resulting from acquisition of joint venture within other income on the consolidated statements of earnings. The fair value of $577.0 million was calculated using an average of the income and market approach. The income approach fair value measurement was based on significant inputs that are not observable in the market and thus represents a fair value measurement categorized within Level 3 of the fair value hierarchy. Key assumptions used in estimating future cash flows included projected revenue growth and operating expenses, as well as the selection of an appropriate discount rate. Estimates of revenue growth and operating expenses were based on internal projections and considered the historical performance of stores, local market economics and the business environment impacting the stores' performance. The discount rate applied was based on Starbucks Japan's weighted-average cost of capital and included a company-specific risk premium. The market approach fair value measurement was based on the implied fair value of Starbucks Japan using the purchase price of Sazaby's 39.5% ownership interest and the purchase price of the 21% remaining noncontrolling interest.
We began consolidating Starbucks Japan's results of operations and cash flows into our consolidated financial statements beginning after October 31, 2014. For the quarter and three quarters ended June 28, 2015, Starbucks Japan's revenue included in our consolidated statements of earnings was $332.7 million and $816.8 million, respectively. For the quarter and three quarters ended June 28, 2015, Starbucks Japan's net earnings included in our consolidated statements of earnings were $42.3 million and $81.1 million, respectively.
The following table provides the supplemental pro forma revenue and net earnings of the combined entity had the acquisition date of Starbucks Japan been the first day of our first quarter of fiscal 2014 rather than during our first quarter of fiscal 2015 (in millions):
 
 
Pro Forma (unaudited)
 
 
Quarter Ended
 
Three Quarters Ended
 
 
Jun 28, 2015
 
Jun 29, 2014
 
Jun 28, 2015
 
Jun 29, 2014
Revenue
 
$
4,881.2

 
$
4,470.8

 
$
14,339.7

 
$
13,149.6

Net earnings attributable to Starbucks(1)
 
626.9

 
523.1

 
1,724.2

 
1,863.4


(1) 
The pro forma net earnings attributable to Starbucks for fiscal 2014 includes the acquisition-related gain of $390.6 million in our first quarter of fiscal 2014, and transaction and integration costs of $0.5 million and $12.7 million for the quarter and three quarters ended June 29, 2014, respectively.
The amounts in the supplemental pro forma earnings for the periods presented above fully eliminate intercompany transactions, apply our accounting policies and reflect adjustments for additional occupancy costs, depreciation and amortization that would have been charged assuming the same fair value adjustments to leases, property, plant and equipment and acquired intangibles had been applied on September 30, 2013. These pro forma results are unaudited and are not necessarily indicative of results of operations that would have occurred had the acquisition actually occurred in the prior year period or indicative of the results of operations for any future period.
We initiated the second tender offer step on November 10, 2014 to acquire the remaining 21% ownership interest held by the public shareholders and option holders of Starbucks Japan's common stock, with the objective of acquiring all of the remaining outstanding shares including outstanding stock options. At the close of the second tender offer period on December 22, 2014, we funded the second tender offer step to acquire an additional 14.7% ownership interest for ¥31 billion in cash, or $258 million with Japanese yen converted into U.S. dollars at a reference conversion rate of 120.39 JPY to USD. However, we did not complete the second tender offer nor obtain control of these shares until the settlement date of December 29, 2014, which was the first day of our second quarter of fiscal 2015.
Subsequent to the completion of the second tender offer step, we commenced a cash-out procedure under Japanese law (the "Cash-out") to acquire all remaining shares of Starbucks Japan (an approximate 6.3% interest). On March 26, 2015, we obtained control of these shares resulting in 100% ownership of Starbucks Japan. The purchase price for the Cash-out was ¥13.5 billion, or $109 million, with Japanese yen converted into U.S. dollars at a reference conversion rate of 123.87 JPY to USD. During the third quarter of fiscal 2015, we settled ¥9.6 billion, or $78 million, of the purchase price in offshore cash. The remaining ¥3.9 billion, or $31 million, is recorded as restricted cash within prepaid expenses and other current assets with a corresponding liability in accrued liabilities on our consolidated balance sheets and represents cash that was unclaimed by minority shareholders as of June 28, 2015. The majority of this restricted cash had been settled as of the date of this filing.
For the first quarter of fiscal 2015, net earnings attributable to noncontrolling interests in our consolidated statement of earnings related to Starbucks Japan reflects the 21% of minority shareholders’ interests that we did not own as of the end of the first quarter of fiscal 2015. For the second quarter of fiscal 2015, net earnings attributable to noncontrolling interests in our consolidated statement of earnings related to Starbucks Japan reflects the approximate 6.3% of minority shareholders’ interests that we did not obtain control of until March 26, 2015.
The following table shows the effects of the change in Starbucks ownership interest in Starbucks Japan on Starbucks equity:
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
Net earnings attributable to Starbucks
$
2,104.9

 
$
1,480.3

Transfers (to)/from the noncontrolling interest:
 
 
 
Increase/(decrease) in additional paid-in capital for purchase of interest in subsidiary
1.7

 
—

Change from net earnings attributable to Starbucks and transfers (to)/from noncontrolling interest
$
2,106.6

 
$
1,480.3


During the quarter and three quarters ended June 28, 2015, we incurred approximately $0.2 million and $11.5 million, respectively, of acquisition-related costs, such as regulatory, legal, and advisory fees, which we have recorded within unallocated corporate general and administrative expenses.
Derivative Financial Instruments
Derivative Financial Instruments
Derivative Financial Instruments
Interest Rates
Depending on market conditions, we enter into interest rate swap agreements to hedge the variability in cash flows due to changes in benchmark interest rates related to anticipated debt issuances. These agreements are cash settled at the time of the pricing of the related debt. The effective portion of the derivative'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.
During the first quarter of fiscal 2015, we entered into forward-starting interest rate swap agreements with an aggregate notional amount of $250.0 million related to the $500 million of 7-year 2.700% Senior Notes (the "2022 notes") due in June 2022 issued in the third quarter of fiscal 2015. During the third quarter of fiscal 2015, we entered into forward-starting interest rate swap agreements with an aggregate notional amount of $250.0 million related to the $350 million of 30-year 4.300% Senior Notes (the "2045 notes") due in June 2045 issued in the third quarter of fiscal 2015. We cash settled these swap agreements at the time of the pricing of the 2022 and the 2045 notes, effectively locking in the benchmark interest rate in effect at the time the swap agreements were initiated. Refer to Note 7, Debt, for details of the components of 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 revenue streams, inventory purchases, and principal and interest payments on intercompany loans in currencies other than the entity's functional currency. The effective portion of the derivative's gain or loss is recorded in AOCI and is subsequently reclassified to revenue, cost of sales, or interest income and other, net, respectively, when the hedged exposure affects net earnings.
In connection with the acquisition of Starbucks Japan that is discussed in Note 2, Acquisition, we entered into cross-currency swap contracts during the first and third quarters of fiscal 2015 to hedge the foreign currency transaction risk of certain yen-denominated intercompany loans with a total notional value of ¥86.5 billion, or approximately $698 million as of June 28, 2015. Gains and losses from these swaps offset the changes in value of interest and principal payments as a result of changes in foreign exchange rates, which are also recorded in net interest income and other on the consolidated statements of earnings. We recognize the difference between the U.S. dollar interest payments received from the swap counterparty and the U.S. dollar equivalent of the Japanese yen interest payments made to the swap counterparty in interest income and other, net or interest expense on our consolidated statements of earnings. This difference varies over time and is driven by a number of market factors, including relevant interest rate differentials and foreign exchange rates. These swaps have been designated as cash flow hedges and mature in September 2016 and November 2024 at the same time as the related loans. There are no credit-risk-related contingent features associated with these swaps, although we may hold or post collateral depending upon the gain or loss position of the swap agreement.
We also enter into forward contracts to hedge the foreign currency exposure of our net investment in certain foreign operations. The effective portion of the derivative's gain or loss is recorded in AOCI and will be subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated.
As a result of our acquisition of Starbucks Japan, we reclassified the pretax cumulative net gains in AOCI of $7.2 million related to our net investment derivative instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan into earnings, which was included in the gain resulting from acquisition of joint venture line item on the consolidated statements of earnings. These gains offset the cumulative translation adjustment loss balance associated with our preexisting investment included in the calculation of the remeasurement gain, which is described further in Note 2, Acquisition.
To mitigate the foreign exchange risk of certain balance sheet items, we enter into foreign currency forward contracts that are not designated as hedging instruments. Gains and losses from these derivatives are largely offset by the financial impact of translating foreign currency denominated payables and receivables; both are recorded in net interest income and other.
Commodities
Depending on market conditions, we enter into coffee futures contracts and collars (the combination of a purchased call option and a sold put option) to hedge a portion of anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 5, Inventories. The effective portion of each derivative's gain or loss is recorded in AOCI and is subsequently reclassified to cost of sales when the hedged exposure affects net earnings.
To mitigate the price uncertainty of a portion of our future purchases of dairy products and diesel fuel, we enter into dairy swap contracts, futures and collars, as well as instruments used to hedge diesel fuel exposure that are not designated as hedging instruments. Gains and losses from these derivatives are recorded in net interest income and other and help to offset price fluctuations on our dairy purchases and the financial impact of diesel fuel fluctuations on our shipping costs, which are included in cost of sales including occupancy costs.
Gains and losses on derivative contracts 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
 
Contract Remaining Maturity
(Months)
 
Jun 28,
2015
 
Sep 28,
2014
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
29.6

 
$
36.4

 
$
2.2

 
0
Cross-currency swaps
(1.3
)
 
—

 
—

 
114
Foreign currency - other
19.3

 
10.6

 
14.0

 
35
Coffee
(2.6
)
 
(0.7
)
 
(2.0
)
 
15
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
1.3

 
3.2

 
—

 
0

Pretax gains and losses on derivative contracts designated as hedging instruments recognized in other comprehensive income ("OCI") and reclassifications from AOCI to earnings (in millions):
 
Quarter Ended
 
Three Quarters Ended
 
Gains/(Losses) Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from AOCI to Earnings
 
Gains/(Losses) Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from AOCI to Earnings
 
Jun 28,
2015
 
Jun 29,
2014
 
Jun 28,
2015
 
Jun 29,
2014
 
Jun 28,
2015
 
Jun 29,
2014
 
Jun 28,
2015
 
Jun 29,
2014
Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rates
$
(0.7
)
 
$
—

 
$
1.2

 
$
1.3

 
$
(7.0
)
 
$
0.5

 
$
3.8

 
$
3.8

Cross-currency swaps
44.0

 
—

 
29.5

 
—

 
80.3

 
—

 
82.0

 
—

Foreign currency - other
(7.5
)
 
(10.8
)
 
7.3

 
2.2

 
29.9

 
7.8

 
16.9

 
5.5

Coffee
(1.9
)
 
(3.0
)
 
(0.7
)
 
(0.9
)
 
(5.4
)
 
(2.2
)
 
(3.3
)
 
(11.8
)
Net Investment Hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency
—

 
(0.7
)
 
—

 
—

 
4.3

 
5.2

 
7.2

 
—


Pretax gains and losses on derivative contracts not designated as hedging instruments recognized in earnings (in millions):
 
Gains/(Losses) Recognized in Earnings
 
Quarter Ended
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
 
Jun 28, 2015
 
Jun 29, 2014
Foreign currency - other
$
2.5

 
$
(1.0
)
 
$
25.8

 
$
(2.0
)
Dairy
0.4

 
0.8

 
(2.9
)
 
12.7

Diesel fuel
1.1

 
0.6

 
(7.5
)
 
0.6


Notional amounts of outstanding derivative contracts (in millions):
 
Jun 28, 2015
 
Sep 28, 2014
Cross-currency swaps
698

 
—

Foreign currency - other
515

 
542

Coffee
49

 
45

Dairy
19

 
24

Diesel fuel
13

 
17


The fair values of our derivative assets and liabilities are included in Note 4, Fair Value Measurements, and additional disclosures related to cash flow and net investment hedge gains and losses included in accumulated other comprehensive income, as well as subsequent reclassifications to earnings, are included in Note 8, Equity.
Fair Value Measurements
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
Jun 28, 2015
 
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
$
2,080.5

 
$
2,080.5

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Corporate debt securities
15.0

 
—

 
15.0

 
—

Foreign government obligations
1.2

 
—

 
1.2

 
—

State and local government obligations
3.4

 
—

 
3.4

 
—

Total available-for-sale securities
19.6

 
—

 
19.6

 
—

Trading securities
75.1

 
75.1

 
—

 
—

Total short-term investments
94.7

 
75.1

 
19.6

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
46.7

 
0.2

 
46.5

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
16.2

 
—

 
16.2

 
—

Corporate debt securities
161.6

 
—

 
161.6

 
—

Auction rate securities
5.9

 
—

 
—

 
5.9

Foreign government obligations
21.9

 
—

 
21.9

 
—

U.S. government treasury securities
116.7

 
116.7

 
—

 
—

State and local government obligations
16.4

 
—

 
16.4

 
—

Mortgage and other asset-backed securities
51.4

 
—

 
51.4

 
—

Total long-term investments
390.1

 
116.7

 
267.5

 
5.9

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
104.4

 
0.3

 
104.1

 
—

Total assets
$
2,716.4

 
$
2,272.8

 
$
437.7

 
$
5.9

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
13.2

 
$
1.0

 
$
12.2

 
$
—

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
10.5

 
—

 
10.5

 
—

Total liabilities
$
23.7

 
$
1.0

 
$
22.7

 
$
—


 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at Sep 28, 2014
 
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
$
1,708.4

 
$
1,708.4

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Corporate debt securities
4.9

 
—

 
4.9

 
—

Foreign government obligations
33.7

 
—

 
33.7

 
—

U.S. government treasury securities
10.9

 
10.9

 
—

 
—

State and local government obligations
12.7

 
—

 
12.7

 
—

Certificates of deposit
1.0

 
—

 
1.0

 
—

Total available-for-sale securities
63.2

 
10.9

 
52.3

 
—

Trading securities
72.2

 
72.2

 
—

 
—

Total short-term investments
135.4

 
83.1

 
52.3

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
28.7

 
0.9

 
27.8

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
8.9

 
—

 
8.9

 
—

Corporate debt securities
130.9

 
—

 
130.9

 
—

Auction rate securities
13.8

 
—

 
—

 
13.8

Foreign government obligations
17.4

 
—

 
17.4

 
—

U.S. government treasury securities
94.8

 
94.8

 
—

 
—

State and local government obligations
6.7

 
—

 
6.7

 
—

Mortgage and other asset-backed securities
45.9

 
—

 
45.9

 
—

Total long-term investments
318.4

 
94.8

 
209.8

 
13.8

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
18.0

 
—

 
18.0

 
—

Total assets
$
2,208.9

 
$
1,887.2

 
$
307.9

 
$
13.8

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
2.4

 
$
0.4

 
$
2.0

 
$
—


There were no 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 investments were not material as of June 28, 2015 and September 28, 2014.
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, goodwill and other intangible assets, equity and cost method investments, and other assets. These assets are measured at fair value if determined to be impaired. During the quarter and three quarters ended June 28, 2015 and June 29, 2014, there were no material fair value adjustments.
The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 7, Debt.
Inventories
Inventories
Inventories
(in millions)
Jun 28, 2015
 
Sep 28, 2014
 
Jun 29, 2014
Coffee:
 
 
 
 
 
Unroasted
$
529.5

 
$
432.3

 
$
442.3

Roasted
240.6

 
238.9

 
215.1

Other merchandise held for sale
226.2

 
265.7

 
213.8

Packaging and other supplies
169.7

 
154.0

 
154.6

Total
$
1,166.0

 
$
1,090.9

 
$
1,025.8

Other merchandise held for sale includes, among other items, serveware and tea. Inventory levels vary due to seasonality, commodity market supply and price fluctuations.
As of June 28, 2015, we had committed to purchasing green coffee totaling $914 million under fixed-price contracts and an estimated $267 million under price-to-be-fixed contracts. As of June 28, 2015, approximately $35 million of our price-to-be-fixed contracts were effectively fixed through the use of futures contracts and approximately $14 million were price-protected through the use of collar instruments. 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 these types of contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on relationships established with our suppliers in the past, the risk of non-delivery on these purchase commitments is remote.
Supplemental Balance Sheet Information
Supplemental Balance Sheet Information
Supplemental Balance Sheet Information (in millions)

Property, Plant and Equipment, net
 
Jun 28, 2015
 
Sep 28, 2014
Land
$
46.6

 
$
46.7

Buildings
404.4

 
278.1

Leasehold improvements
5,277.6

 
4,858.4

Store equipment
1,645.9

 
1,493.3

Roasting equipment
534.2

 
410.9

Furniture, fixtures and other
1,233.5

 
1,078.1

Work in progress
289.6

 
415.6

Property, plant and equipment, gross
9,431.8

 
8,581.1

Accumulated depreciation
(5,454.1
)
 
(5,062.1
)
Property, plant and equipment, net
$
3,977.7

 
$
3,519.0



Accrued Liabilities
 
Jun 28, 2015
 
Sep 28, 2014
Accrued compensation and related costs
$
512.9

 
$
437.9

Accrued occupancy costs
129.7

 
119.8

Accrued taxes
170.1

 
272.0

Accrued dividends payable
238.5

 
239.8

Other
605.7

 
444.9

Total accrued liabilities
$
1,656.9

 
$
1,514.4

Debt
Debt
Debt
In June 2015, we issued additional long-term debt in an underwritten registered public offering, which consisted of $500 million of 7-year 2.700% Senior Notes (the "2022 notes") due June 2022, and $350 million of 30-year 4.300% Senior Notes (the "2045 notes") due June 2045. Interest on the 2022 and 2045 notes is payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2015. We used a portion of the proceeds from the 2022 and 2045 notes to redeem our $550 million of 6.250% Senior Notes (the "2017 notes") that were originally scheduled to mature in August 2017. The redemption process commenced in the third quarter of fiscal 2015 and settled in the fourth quarter of fiscal 2015 (see further discussion at Note 12, Subsequent Event). As of June 28, 2015, the $550 million of 2017 notes are presented as current portion of long-term debt on our consolidated balance sheets.
Components of long-term debt including the associated interest rates and related estimated fair values (in millions, except interest rates):
 
Jun 28, 2015
 
Sep 28, 2014
 
Stated Interest Rate
Effective Interest Rate (1)
Issuance
Face Value
Estimated Fair Value
 
Face Value
Estimated Fair Value
 
2016 notes
$
400.0

$
400

 
$
400.0

$
400

 
0.875
%
0.941
%
2017 notes
550.0

609

 
550.0

625

 
6.250
%
6.292
%
2018 notes
350.0

354

 
350.0

353

 
2.000
%
2.012
%
2022 notes
500.0

495

 
—

—

 
2.700
%
2.819
%
2023 notes
750.0

789

 
750.0

786

 
3.850
%
2.860
%
2045 notes
350.0

345

 
—

—

 
4.300
%
4.348
%
   Total
2,900.0

2,992

 
2,050.0

2,164

 
 
 
Aggregate unamortized discount
2.8

 
 
1.7

 
 
 
 
   Total
$
2,897.2

 
 
$
2,048.3

 
 
 
 
(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 the interest rate risk prior to the debt issuance.
The indentures under which the above notes were issued require us to maintain compliance with certain covenants, including limits on future liens and sale and leaseback transactions on certain material properties. As of June 28, 2015, we were in compliance with all applicable covenants.
Equity
Equity
Equity
Changes in total equity (in millions):
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
Beginning balance of total equity
$
5,272.0

 
$
1.7

 
$
5,273.7

 
$
4,480.2

 
$
2.1

 
$
4,482.3

Net earnings including noncontrolling interests
2,104.9

 
1.9

 
2,106.8

 
1,480.3

 
(0.1
)
 
1,480.2

Translation adjustment, net of reclassifications and tax
(121.3
)
 
(31.1
)
 
(152.4
)
 
(8.5
)
 
—

 
(8.5
)
Unrealized gains/(losses), net of reclassifications and tax
(4.0
)
 
—

 
(4.0
)
 
12.4

 
—

 
12.4

Other comprehensive income/(loss)
(125.3
)
 
(31.1
)
 
(156.4
)
 
3.9

 
—

 
3.9

Stock-based compensation expense
157.6

 
—

 
157.6

 
144.0

 
—

 
144.0

Exercise of stock options/vesting of RSUs
153.2

 
—

 
153.2

 
126.3

 
—

 
126.3

Sale of common stock
17.5

 
—

 
17.5

 
16.5

 
—

 
16.5

Repurchase of common stock
(975.9
)
 
—

 
(975.9
)
 
(595.2
)
 
—

 
(595.2
)
Cash dividends declared
(718.2
)
 
—

 
(718.2
)
 
(587.2
)
 
—

 
(587.2
)
Noncontrolling interest resulting from acquisition
—

 
411.1

 
411.1

 
—

 
—

 
—

Purchase of noncontrolling interests
(29.3
)
 
(381.8
)
 
(411.1
)
 
—

 
—

 
—

Ending balance of total equity
$
5,856.5

 
$
1.8

 
$
5,858.3

 
$
5,068.8

 
$
2.0

 
$
5,070.8


Changes in accumulated other comprehensive income ("AOCI") by component, net of tax (in millions):
Quarter Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
June 28, 2015
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
0.4

 
$
46.6

 
$
1.3

 
$
(165.2
)
 
$
(116.9
)
Net gains/(losses) recognized in OCI before reclassifications
(1.1
)
 
25.1

 
—

 
(11.0
)
 
13.0

Net (gains)/losses reclassified from AOCI to earnings
(0.5
)
 
(26.7
)
 
—

 
—

 
(27.2
)
Other comprehensive income/(loss) attributable to Starbucks
(1.6
)
 
(1.6
)
 
—

 
(11.0
)
 
(14.2
)
Net gains/(losses) in AOCI, end of period
$
(1.2
)
 
$
45.0

 
$
1.3

 
$
(176.2
)
 
$
(131.1
)
 
 
 
 
 
 
 
 
 
 
June 29, 2014
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.8
)
 
$
46.8

 
$
(9.2
)
 
$
27.5

 
$
64.3

Net gains/(losses) recognized in OCI before reclassifications
1.1

 
(10.2
)
 
(0.4
)
 
17.6

 
8.1

Net (gains)/losses reclassified from AOCI to earnings
—

 
(1.5
)
 
—

 
—

 
(1.5
)
Other comprehensive income/(loss) attributable to Starbucks
1.1

 
(11.7
)
 
(0.4
)
 
17.6

 
6.6

Net gains/(losses) in AOCI, end of period
$
0.3

 
$
35.1

 
$
(9.6
)
 
$
45.1

 
$
70.9

Three Quarters Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
June 28, 2015
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.4
)
 
$
46.3

 
$
3.2

 
$
(23.8
)
 
$
25.3

Net gains/(losses) recognized in OCI before reclassifications
0.2

 
73.6

 
2.7

 
(135.6
)
 
(59.1
)
Net (gains)/losses reclassified from AOCI to earnings
(1.0
)
 
(74.9
)
 
(4.6
)
 
14.3

 
(66.2
)
Other comprehensive income/(loss) attributable to Starbucks
(0.8
)
 
(1.3
)
 
(1.9
)
 
(121.3
)
 
(125.3
)
Purchase of noncontrolling interests
—

 
—

 
—

 
(31.1
)
 
(31.1
)
Net gains/(losses) in AOCI, end of period
$
(1.2
)
 
$
45.0

 
$
1.3

 
$
(176.2
)
 
$
(131.1
)
 
 
 
 
 
 
 
 
 
 
June 29, 2014
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.5
)
 
$
26.8

 
$
(12.9
)
 
$
53.6

 
$
67.0

Net gains/(losses) recognized in OCI before reclassifications
0.6

 
3.7

 
3.3

 
(8.5
)
 
(0.9
)
Net (gains)/losses reclassified from AOCI to earnings
0.2

 
4.6

 
—

 
—

 
4.8

Other comprehensive income/(loss) attributable to Starbucks
0.8

 
8.3

 
3.3

 
(8.5
)
 
3.9

Net gains/(losses) in AOCI, end of period
$
0.3

 
$
35.1

 
$
(9.6
)
 
$
45.1

 
$
70.9


Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Jun 28, 2015
 
Jun 29, 2014
 
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
$
1.2

 
$
1.3

 
Interest expense
Cross-currency swaps
 
29.5

 
—

 
Interest income and other, net
Foreign currency hedges
 
3.7

 
0.9

 
Revenues
Foreign currency/coffee hedges
 
3.0

 
0.4

 
Cost of sales including occupancy costs
 
 
37.4

 
2.6

 
Total before tax
 
 
(10.7
)
 
(1.1
)
 
Tax (expense)/benefit
 
 
$
26.7

 
$
1.5

 
Net of tax

Three Quarters Ended
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Jun 28, 2015
 
Jun 29, 2014
 
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
$
3.8

 
$
3.8

 
Interest expense
Cross-currency swaps
 
82.0

 
—

 
Interest income and other, net
Foreign currency hedges
 
9.6

 
3.2

 
Revenues
Foreign currency/coffee hedges
 
4.1

 
(9.5
)
 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges(1)
 
7.2

 
—

 
Gain resulting from acquisition of joint venture
Translation adjustment(2)
 
 
 
 
 
 
     Starbucks Japan
 
(7.2
)
 
—

 
Gain resulting from acquisition of joint venture
      Other
 
(7.1
)
 
—

 
Interest income and other, net
 
 
92.4

 
(2.5
)
 
Total before tax
 
 
(27.2
)
 
(2.1
)
 
Tax (expense)/benefit
 
 
$
65.2

 
$
(4.6
)
 
Net of tax
(1)  
Release of pretax cumulative net gains in AOCI related to our net investment derivative instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.
(2)  
Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign business.
As discussed in Note 1, Summary of Significant Accounting Policies, on April 9, 2015, we effected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March 30, 2015. All share data presented in this note has been retroactively adjusted to reflect this stock split.
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 June 28, 2015.
We repurchased 20.7 million shares of common stock at a total cost of $975.9 million, and 16.5 million shares at a total cost of $595.2 million for the three quarters ended June 28, 2015 and June 29, 2014, respectively. As of June 28, 2015, 11.0 million shares remained available for repurchase under the authorization publicly announced on November 15, 2012. On July 23, 2015, we announced that our Board of Directors approved an increase of 50 million shares to our ongoing share repurchase program.
During the third quarter of fiscal 2015, our Board of Directors declared a quarterly cash dividend to shareholders of $0.16 per share to be paid on August 21, 2015 to shareholders of record as of the close of business on August 6, 2015.
Employee Stock Plans
Employee Stock Plans
Employee Stock Plans
As discussed in Note 1, Summary of Significant Accounting Policies, on April 9, 2015, we effected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March 30, 2015. All share and per-share data presented in this note has been retroactively adjusted to reflect this stock split.
As of June 28, 2015, there were 96.0 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 14.4 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 Ended
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
 
Jun 28, 2015
 
Jun 29, 2014
Options
$
8.3

 
$
9.9

 
$
28.9

 
$
32.4

Restricted Stock Units (“RSUs”)
43.7

 
41.1

 
127.3

 
110.2

Total stock-based compensation
$
52.0

 
$
51.0

 
$
156.2

 
$
142.6


Stock option and RSU transactions from September 28, 2014 through June 28, 2015 (in millions):
 
 
Stock Options
 
RSUs
Options outstanding/Nonvested RSUs, September 28, 2014
39.6

 
10.8

Granted
6.3

 
6.4

Options exercised/RSUs vested
(8.8
)
 
(5.0
)
Forfeited/expired
(1.0
)
 
(1.3
)
Options outstanding/Nonvested RSUs, June 28, 2015
36.1

 
10.9

Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of June 28, 2015
$
39.2

 
$
156.1

Earnings Per Share
Earnings Per Share
Earnings per Share
As discussed in Note 1, Summary of Significant Accounting Policies, on April 9, 2015, we effected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March 30, 2015. All share and per-share data presented in this note has been retroactively adjusted to reflect this stock split.
Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
 
Quarter Ended
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
 
Jun 28, 2015
 
Jun 29, 2014
Net earnings attributable to Starbucks
$
626.7

 
$
512.6

 
$
2,104.9

 
$
1,480.3

Weighted average common shares outstanding (for basic calculation)
1,498.5

 
1,503.5

 
1,499.3

 
1,507.9

Dilutive effect of outstanding common stock options and RSUs
17.2

 
18.5

 
17.0

 
19.9

Weighted average common and common equivalent shares outstanding (for diluted calculation)
1,515.7

 
1,522.0

 
1,516.3

 
1,527.8

EPS — basic
$
0.42

 
$
0.34

 
$
1.40

 
$
0.98

EPS — diluted
$
0.41

 
$
0.34

 
$
1.39

 
$
0.97


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 excludes 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 have been antidilutive. There were no out-of-the money stock options as of June 28, 2015. We had 5.9 million out-of-the-money stock options as of June 29, 2014.
Segment Reporting
Segment Reporting
Segment Reporting
Our chief executive officer and chief operating officer comprise the Company's Chief Operating Decision Maker function ("CODM"). Segment information is prepared on the same basis that our CODM manages the segments, evaluates financial results, and makes key operating decisions.
The table below presents financial information for our reportable operating segments and All Other Segments (in millions):
Quarter Ended
 
Americas
 
EMEA
 
China /
Asia Pacific
 
Channel
Development
 
All Other Segments
 
Segment
Total
June 28, 2015
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
3,414.6

 
$
294.7

 
$
652.7

 
$
403.6

 
$
115.6

 
$
4,881.2

Depreciation and amortization expenses
130.8

 
12.4

 
41.2

 
0.7

 
4.3

 
189.4

Income from equity investees
—

 
0.9

 
27.6

 
31.8

 
—

 
60.3

Operating income/(loss)
855.3

 
36.0

 
150.0

 
143.4

 
(13.1
)
 
1,171.6

 
 
 
 
 
 
 
 
 
 
 
 
June 29, 2014
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
3,057.7

 
$
323.5

 
$
287.6

 
$
375.3

 
$
109.6

 
$
4,153.7

Depreciation and amortization expenses
119.5

 
15.1

 
11.3

 
0.4

 
3.9

 
150.2

Income from equity investees
—

 
1.1

 
46.3

 
25.5

 
—

 
72.9

Operating income/(loss)
728.5

 
29.2

 
100.8

 
139.3

 
(18.9
)
 
978.9

Three Quarters Ended
 
Americas
 
EMEA
 
China /
Asia Pacific
 
Channel
Development
 
All Other Segments
 
Segment
Total
June 28, 2015
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
9,909.5

 
$
908.4

 
$
1,743.6

 
$
1,274.2

 
$
412.2

 
$
14,247.9

Depreciation and amortization expenses
386.5

 
38.9

 
106.3

 
2.0

 
12.2

 
545.9

Income from equity investees
—

 
2.1

 
85.8

 
80.1

 
—

 
168.0

Operating income/(loss)
2,382.5

 
115.2

 
370.5

 
456.7

 
(6.8
)
 
3,318.1

 
 
 
 
 
 
 
 
 
 
 
 
June 29, 2014
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
8,939.4

 
$
973.0

 
$
819.8

 
$
1,146.8

 
$
388.1

 
$
12,267.1

Depreciation and amortization expenses
346.6

 
44.5

 
33.4

 
1.2

 
11.3

 
437.0

Income from equity investees
—

 
3.0

 
116.8

 
64.1

 
—

 
183.9

Operating income/(loss)
2,066.0

 
80.5

 
268.8

 
385.5

 
(13.0
)
 
2,787.8



Reconciliation of total segment operating income to consolidated earnings before income taxes (in millions):
 
Quarter Ended
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
 
Jun 28, 2015
 
Jun 29, 2014
Total segment operating income
$
1,171.6

 
$
978.9

 
$
3,318.1

 
$
2,787.8

Unallocated corporate operating expenses
(233.0
)
 
(210.4
)
 
(686.5
)
 
(561.5
)
Consolidated operating income
938.6

 
768.5

 
2,631.6

 
2,226.3

Gain resulting from acquisition of joint venture
—

 
—

 
390.6

 
—

Interest income and other, net
25.5

 
19.4

 
36.6

 
57.0

Interest expense
(19.1
)
 
(16.4
)
 
(52.3
)
 
(47.7
)
Earnings before income taxes
$
945.0

 
$
771.5

 
$
3,006.5

 
$
2,235.6

Subsequent Event
Subsequent Event
Subsequent Event
In July 2015, we redeemed our $550 million of 6.250% Senior Notes (the "2017 notes") originally scheduled to mature in August 2017. The redemption resulted in a charge of $61.1 million, which will be presented separately as loss on extinguishment of debt within other income on the consolidated statements of earnings in the fourth quarter of fiscal 2015. This loss primarily relates to the optional redemption payment as outlined in the 2017 notes indenture, as well as non-cash expenses related to the previously capitalized original issuance costs and accelerated amortization of the unamortized discount. In connection with the redemption, in the fourth quarter of fiscal 2015, we will also reclassify $2.0 million from accumulated other comprehensive income to interest expense related to remaining unrecognized losses from interest rate contracts entered into in conjunction with the 2017 notes and designated as cash flow hedges.
Summary of Significant Accounting Policies (Policies)
Recent Accounting Pronouncements
Recent Accounting Pronouncements
In July 2015, the Financial Accounting Standards Board ("FASB") issued guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. The guidance will require prospective application at the beginning of our first quarter of fiscal 2018, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.
In April 2015, the FASB issued guidance on the financial statement presentation of debt issuance costs. This guidance requires debt issuance costs to be presented in the balance sheet as a reduction of the related debt liability rather than an asset. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017 and will only result in an immaterial change in presentation of these costs on our consolidated balance sheets.
In February 2015, the FASB issued guidance that changes the evaluation criteria for consolidation and related disclosure requirements. This guidance introduces evaluation criteria specific to limited partnerships and other similar entities, as well as amends the criteria for evaluating variable interest entities with which the reporting entity is involved and certain investment funds. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.
In May 2014, the FASB issued guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, this guidance expands related disclosure requirements. The original effective date of the guidance would have required us to adopt at the beginning of our first quarter of fiscal 2018. In July 2015, the FASB approved an optional one-year deferral of the effective date. The new guidance will require full or modified retrospective application. We are currently evaluating the impact this guidance will have on our consolidated financial statements, as well as the expected timing and method of adoption.
In April 2014, the FASB issued guidance that changes the criteria for reporting discontinued operations. To qualify as a discontinued operation under the amended guidance, a component or group of components of an entity that has been disposed of or is classified as held for sale must represent a strategic shift that has or will have a major effect on the entity's operations and financial results. This guidance also expands related disclosure requirements. The guidance will become effective for us at the beginning of our first quarter of fiscal 2016. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.
In July 2013, the FASB issued guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This guidance requires the unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset. When a deferred tax asset is not available, or the asset is not intended to be used for this purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and not netted with a deferred tax asset. The guidance became effective for us at the beginning of our first quarter of fiscal 2015 and did not have a material impact on our consolidated financial statements. 
In March 2013, the FASB issued guidance on a parent's accounting for the cumulative translation adjustment upon derecognition of certain subsidiaries or groups of assets within a foreign entity or of an investment in a foreign entity. This guidance requires a parent to release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The guidance became effective for us at the beginning of our first quarter of fiscal 2015 and did not have a material impact on our consolidated financial statements.
Acquisition (Tables)
Allocation of Total Consideration to Fair Values of Assets Acquired and Liabilities Assumed 
The following table summarizes the allocation of the total consideration to the fair values of the assets acquired and liabilities assumed as of October 31, 2014 (in millions):
Consideration:
 
 
Cash paid for Sazaby's 39.5% equity interest
 
$
508.7

Fair value of our preexisting 39.5% equity interest
 
577.0

Total consideration
 
$
1,085.7

 
 
 
Fair value of assets acquired and liabilities assumed:
 
 
Cash and cash equivalents
 
$
224.4

Accounts receivable, net
 
37.4

Inventories
 
26.4

Prepaid expenses and other current assets
 
35.7

Deferred income taxes, net (current)
 
23.4

Property, plant and equipment
 
282.9

Other long-term assets
 
141.4

Other intangible assets
 
323.0

Goodwill
 
811.6

Total assets acquired
 
1,906.2

Accounts payable
 
(54.5
)
Accrued liabilities
 
(115.9
)
Stored value card liability
 
(36.5
)
Deferred income taxes (noncurrent)
 
(92.9
)
Other long-term liabilities
 
(109.6
)
Total liabilities assumed
 
(409.4
)
Noncontrolling interest
 
(411.1
)
Total consideration
 
$
1,085.7

Acquired intangible assets 
Below is a tabular summary of the acquired intangible assets as of June 28, 2015, for which the gross balances in total are $41.0 million lower than as of the October 31, 2014 acquisition date due to foreign currency translation (in millions):
 
Jun 28, 2015
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Reacquired rights
$
266.2

 
$
(27.6
)
 
$
238.6

Licensing agreements
13.1

 
(0.8
)
 
12.3

Customer loyalty program
2.6

 
(0.4
)
 
2.2

Total acquired definite-lived intangible assets
$
281.9

 
$
(28.8
)
 
$
253.1

Minimum future rental payments 
The table below summarizes our estimated minimum future rental payments under the acquired non-cancelable operating leases and lease financing arrangements as of June 28, 2015 (in millions):
 
Operating Leases
 
Lease Financing Arrangements
Year 1
$
88.8

 
$
2.9

Year 2
71.1

 
2.9

Year 3
51.9

 
2.9

Year 4
37.9

 
2.9

Year 5
30.0

 
2.9

Thereafter
144.4

 
28.1

Total minimum lease payments
$
424.1

 
$
42.6

Supplemental pro forma revenue and net earnings 
The following table provides the supplemental pro forma revenue and net earnings of the combined entity had the acquisition date of Starbucks Japan been the first day of our first quarter of fiscal 2014 rather than during our first quarter of fiscal 2015 (in millions):
 
 
Pro Forma (unaudited)
 
 
Quarter Ended
 
Three Quarters Ended
 
 
Jun 28, 2015
 
Jun 29, 2014
 
Jun 28, 2015
 
Jun 29, 2014
Revenue
 
$
4,881.2

 
$
4,470.8

 
$
14,339.7

 
$
13,149.6

Net earnings attributable to Starbucks(1)
 
626.9

 
523.1

 
1,724.2

 
1,863.4

Effects of change in Starbucks ownership interest in Starbucks Japan on Starbucks equity 
The following table shows the effects of the change in Starbucks ownership interest in Starbucks Japan on Starbucks equity:
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
Net earnings attributable to Starbucks
$
2,104.9

 
$
1,480.3

Transfers (to)/from the noncontrolling interest:
 
 
 
Increase/(decrease) in additional paid-in capital for purchase of interest in subsidiary
1.7

 
—

Change from net earnings attributable to Starbucks and transfers (to)/from noncontrolling interest
$
2,106.6

 
$
1,480.3

Derivative Financial Instruments (Tables)
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 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
 
Contract Remaining Maturity
(Months)
 
Jun 28,
2015
 
Sep 28,
2014
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
29.6

 
$
36.4

 
$
2.2

 
0
Cross-currency swaps
(1.3
)
 
—

 
—

 
114
Foreign currency - other
19.3

 
10.6

 
14.0

 
35
Coffee
(2.6
)
 
(0.7
)
 
(2.0
)
 
15
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
1.3

 
3.2

 
—

 
0
Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings 
Pretax gains and losses on derivative contracts designated as hedging instruments recognized in other comprehensive income ("OCI") and reclassifications from AOCI to earnings (in millions):
 
Quarter Ended
 
Three Quarters Ended
 
Gains/(Losses) Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from AOCI to Earnings
 
Gains/(Losses) Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from AOCI to Earnings
 
Jun 28,
2015
 
Jun 29,
2014
 
Jun 28,
2015
 
Jun 29,
2014
 
Jun 28,
2015
 
Jun 29,
2014
 
Jun 28,
2015
 
Jun 29,
2014
Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rates
$
(0.7
)
 
$
—

 
$
1.2

 
$
1.3

 
$
(7.0
)
 
$
0.5

 
$
3.8

 
$
3.8

Cross-currency swaps
44.0

 
—

 
29.5

 
—

 
80.3

 
—

 
82.0

 
—

Foreign currency - other
(7.5
)
 
(10.8
)
 
7.3

 
2.2

 
29.9

 
7.8

 
16.9

 
5.5

Coffee
(1.9
)
 
(3.0
)
 
(0.7
)
 
(0.9
)
 
(5.4
)
 
(2.2
)
 
(3.3
)
 
(11.8
)
Net Investment Hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency
—

 
(0.7
)
 
—

 
—

 
4.3

 
5.2

 
7.2

 
—

Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings 
Pretax gains and losses on derivative contracts not designated as hedging instruments recognized in earnings (in millions):
 
Gains/(Losses) Recognized in Earnings
 
Quarter Ended
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
 
Jun 28, 2015
 
Jun 29, 2014
Foreign currency - other
$
2.5

 
$
(1.0
)
 
$
25.8

 
$
(2.0
)
Dairy
0.4

 
0.8

 
(2.9
)
 
12.7

Diesel fuel
1.1

 
0.6

 
(7.5
)
 
0.6

Notional Amounts of Outstanding Derivative Contracts 
Notional amounts of outstanding derivative contracts (in millions):
 
Jun 28, 2015
 
Sep 28, 2014
Cross-currency swaps
698

 
—

Foreign currency - other
515

 
542

Coffee
49

 
45

Dairy
19

 
24

Diesel fuel
13

 
17

Fair Value Measurements (Tables)
Assets And Liabilities Measured At Fair Value On A Recurring Basis
Assets and Liabilities Measured at Fair Value on a Recurring Basis (in millions):

 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at
Jun 28, 2015
 
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
$
2,080.5

 
$
2,080.5

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Corporate debt securities
15.0

 
—

 
15.0

 
—

Foreign government obligations
1.2

 
—

 
1.2

 
—

State and local government obligations
3.4

 
—

 
3.4

 
—

Total available-for-sale securities
19.6

 
—

 
19.6

 
—

Trading securities
75.1

 
75.1

 
—

 
—

Total short-term investments
94.7

 
75.1

 
19.6

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
46.7

 
0.2

 
46.5

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
16.2

 
—

 
16.2

 
—

Corporate debt securities
161.6

 
—

 
161.6

 
—

Auction rate securities
5.9

 
—

 
—

 
5.9

Foreign government obligations
21.9

 
—

 
21.9

 
—

U.S. government treasury securities
116.7

 
116.7

 
—

 
—

State and local government obligations
16.4

 
—

 
16.4

 
—

Mortgage and other asset-backed securities
51.4

 
—

 
51.4

 
—

Total long-term investments
390.1

 
116.7

 
267.5

 
5.9

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
104.4

 
0.3

 
104.1

 
—

Total assets
$
2,716.4

 
$
2,272.8

 
$
437.7

 
$
5.9

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
13.2

 
$
1.0

 
$
12.2

 
$
—

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
10.5

 
—

 
10.5

 
—

Total liabilities
$
23.7

 
$
1.0

 
$
22.7

 
$
—


 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at Sep 28, 2014
 
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
$
1,708.4

 
$
1,708.4

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Corporate debt securities
4.9

 
—

 
4.9

 
—

Foreign government obligations
33.7

 
—

 
33.7

 
—

U.S. government treasury securities
10.9

 
10.9

 
—

 
—

State and local government obligations
12.7

 
—

 
12.7

 
—

Certificates of deposit
1.0

 
—

 
1.0

 
—

Total available-for-sale securities
63.2

 
10.9

 
52.3

 
—

Trading securities
72.2

 
72.2

 
—

 
—

Total short-term investments
135.4

 
83.1

 
52.3

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
28.7

 
0.9

 
27.8

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
8.9

 
—

 
8.9

 
—

Corporate debt securities
130.9

 
—

 
130.9

 
—

Auction rate securities
13.8

 
—

 
—

 
13.8

Foreign government obligations
17.4

 
—

 
17.4

 
—

U.S. government treasury securities
94.8

 
94.8

 
—

 
—

State and local government obligations
6.7

 
—

 
6.7

 
—

Mortgage and other asset-backed securities
45.9

 
—

 
45.9

 
—

Total long-term investments
318.4

 
94.8

 
209.8

 
13.8

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
18.0

 
—

 
18.0

 
—

Total assets
$
2,208.9

 
$
1,887.2

 
$
307.9

 
$
13.8

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
2.4

 
$
0.4

 
$
2.0

 
$
—

Inventories (Tables)
Inventories
(in millions)
Jun 28, 2015
 
Sep 28, 2014
 
Jun 29, 2014
Coffee:
 
 
 
 
 
Unroasted
$
529.5

 
$
432.3

 
$
442.3

Roasted
240.6

 
238.9

 
215.1

Other merchandise held for sale
226.2

 
265.7

 
213.8

Packaging and other supplies
169.7

 
154.0

 
154.6

Total
$
1,166.0

 
$
1,090.9

 
$
1,025.8

Supplemental Balance Sheet Information (Tables)
Property, Plant And Equipment, net 
 
Jun 28, 2015
 
Sep 28, 2014
Land
$
46.6

 
$
46.7

Buildings
404.4

 
278.1

Leasehold improvements
5,277.6

 
4,858.4

Store equipment
1,645.9

 
1,493.3

Roasting equipment
534.2

 
410.9

Furniture, fixtures and other
1,233.5

 
1,078.1

Work in progress
289.6

 
415.6

Property, plant and equipment, gross
9,431.8

 
8,581.1

Accumulated depreciation
(5,454.1
)
 
(5,062.1
)
Property, plant and equipment, net
$
3,977.7

 
$
3,519.0

Accrued Liabilities 
 
Jun 28, 2015
 
Sep 28, 2014
Accrued compensation and related costs
$
512.9

 
$
437.9

Accrued occupancy costs
129.7

 
119.8

Accrued taxes
170.1

 
272.0

Accrued dividends payable
238.5

 
239.8

Other
605.7

 
444.9

Total accrued liabilities
$
1,656.9

 
$
1,514.4

Debt (Tables)
Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values
Components of long-term debt including the associated interest rates and related estimated fair values (in millions, except interest rates):
 
Jun 28, 2015
 
Sep 28, 2014
 
Stated Interest Rate
Effective Interest Rate (1)
Issuance
Face Value
Estimated Fair Value
 
Face Value
Estimated Fair Value
 
2016 notes
$
400.0

$
400

 
$
400.0

$
400

 
0.875
%
0.941
%
2017 notes
550.0

609

 
550.0

625

 
6.250
%
6.292
%
2018 notes
350.0

354

 
350.0

353

 
2.000
%
2.012
%
2022 notes
500.0

495

 
—

—

 
2.700
%
2.819
%
2023 notes
750.0

789

 
750.0

786

 
3.850
%
2.860
%
2045 notes
350.0

345

 
—

—

 
4.300
%
4.348
%
   Total
2,900.0

2,992

 
2,050.0

2,164

 
 
 
Aggregate unamortized discount
2.8

 
 
1.7

 
 
 
 
   Total
$
2,897.2

 
 
$
2,048.3

 
 
 
 
(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 the interest rate risk prior to the debt issuance.
Equity (Tables)
Changes In Total Equity 
Changes in total equity (in millions):
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
Beginning balance of total equity
$
5,272.0

 
$
1.7

 
$
5,273.7

 
$
4,480.2

 
$
2.1

 
$
4,482.3

Net earnings including noncontrolling interests
2,104.9

 
1.9

 
2,106.8

 
1,480.3

 
(0.1
)
 
1,480.2

Translation adjustment, net of reclassifications and tax
(121.3
)
 
(31.1
)
 
(152.4
)
 
(8.5
)
 
—

 
(8.5
)
Unrealized gains/(losses), net of reclassifications and tax
(4.0
)
 
—

 
(4.0
)
 
12.4

 
—

 
12.4

Other comprehensive income/(loss)
(125.3
)
 
(31.1
)
 
(156.4
)
 
3.9

 
—

 
3.9

Stock-based compensation expense
157.6

 
—

 
157.6

 
144.0

 
—

 
144.0

Exercise of stock options/vesting of RSUs
153.2

 
—

 
153.2

 
126.3

 
—

 
126.3

Sale of common stock
17.5

 
—

 
17.5

 
16.5

 
—

 
16.5

Repurchase of common stock
(975.9
)
 
—

 
(975.9
)
 
(595.2
)
 
—

 
(595.2
)
Cash dividends declared
(718.2
)
 
—

 
(718.2
)
 
(587.2
)
 
—

 
(587.2
)
Noncontrolling interest resulting from acquisition
—

 
411.1

 
411.1

 
—

 
—

 
—

Purchase of noncontrolling interests
(29.3
)
 
(381.8
)
 
(411.1
)
 
—

 
—

 
—

Ending balance of total equity
$
5,856.5

 
$
1.8

 
$
5,858.3

 
$
5,068.8

 
$
2.0

 
$
5,070.8

Changes in Components Of Accumulated Other Comprehensive Income, Net Of Tax 
Changes in accumulated other comprehensive income ("AOCI") by component, net of tax (in millions):
Quarter Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
June 28, 2015
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
0.4

 
$
46.6

 
$
1.3

 
$
(165.2
)
 
$
(116.9
)
Net gains/(losses) recognized in OCI before reclassifications
(1.1
)
 
25.1

 
—

 
(11.0
)
 
13.0

Net (gains)/losses reclassified from AOCI to earnings
(0.5
)
 
(26.7
)
 
—

 
—

 
(27.2
)
Other comprehensive income/(loss) attributable to Starbucks
(1.6
)
 
(1.6
)
 
—

 
(11.0
)
 
(14.2
)
Net gains/(losses) in AOCI, end of period
$
(1.2
)
 
$
45.0

 
$
1.3

 
$
(176.2
)
 
$
(131.1
)
 
 
 
 
 
 
 
 
 
 
June 29, 2014
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.8
)
 
$
46.8

 
$
(9.2
)
 
$
27.5

 
$
64.3

Net gains/(losses) recognized in OCI before reclassifications
1.1

 
(10.2
)
 
(0.4
)
 
17.6

 
8.1

Net (gains)/losses reclassified from AOCI to earnings
—

 
(1.5
)
 
—

 
—

 
(1.5
)
Other comprehensive income/(loss) attributable to Starbucks
1.1

 
(11.7
)
 
(0.4
)
 
17.6

 
6.6

Net gains/(losses) in AOCI, end of period
$
0.3

 
$
35.1

 
$
(9.6
)
 
$
45.1

 
$
70.9

Three Quarters Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
June 28, 2015
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.4
)
 
$
46.3

 
$
3.2

 
$
(23.8
)
 
$
25.3

Net gains/(losses) recognized in OCI before reclassifications
0.2

 
73.6

 
2.7

 
(135.6
)
 
(59.1
)
Net (gains)/losses reclassified from AOCI to earnings
(1.0
)
 
(74.9
)
 
(4.6
)
 
14.3

 
(66.2
)
Other comprehensive income/(loss) attributable to Starbucks
(0.8
)
 
(1.3
)
 
(1.9
)
 
(121.3
)
 
(125.3
)
Purchase of noncontrolling interests
—

 
—

 
—

 
(31.1
)
 
(31.1
)
Net gains/(losses) in AOCI, end of period
$
(1.2
)
 
$
45.0

 
$
1.3

 
$
(176.2
)
 
$
(131.1
)
 
 
 
 
 
 
 
 
 
 
June 29, 2014
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.5
)
 
$
26.8

 
$
(12.9
)
 
$
53.6

 
$
67.0

Net gains/(losses) recognized in OCI before reclassifications
0.6

 
3.7

 
3.3

 
(8.5
)
 
(0.9
)
Net (gains)/losses reclassified from AOCI to earnings
0.2

 
4.6

 
—

 
—

 
4.8

Other comprehensive income/(loss) attributable to Starbucks
0.8

 
8.3

 
3.3

 
(8.5
)
 
3.9

Net gains/(losses) in AOCI, end of period
$
0.3

 
$
35.1

 
$
(9.6
)
 
$
45.1

 
$
70.9

Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings 
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Jun 28, 2015
 
Jun 29, 2014
 
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
$
1.2

 
$
1.3

 
Interest expense
Cross-currency swaps
 
29.5

 
—

 
Interest income and other, net
Foreign currency hedges
 
3.7

 
0.9

 
Revenues
Foreign currency/coffee hedges
 
3.0

 
0.4

 
Cost of sales including occupancy costs
 
 
37.4

 
2.6

 
Total before tax
 
 
(10.7
)
 
(1.1
)
 
Tax (expense)/benefit
 
 
$
26.7

 
$
1.5

 
Net of tax

Three Quarters Ended
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Jun 28, 2015
 
Jun 29, 2014
 
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
$
3.8

 
$
3.8

 
Interest expense
Cross-currency swaps
 
82.0

 
—

 
Interest income and other, net
Foreign currency hedges
 
9.6

 
3.2

 
Revenues
Foreign currency/coffee hedges
 
4.1

 
(9.5
)
 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges(1)
 
7.2

 
—

 
Gain resulting from acquisition of joint venture
Translation adjustment(2)
 
 
 
 
 
 
     Starbucks Japan
 
(7.2
)
 
—

 
Gain resulting from acquisition of joint venture
      Other
 
(7.1
)
 
—

 
Interest income and other, net
 
 
92.4

 
(2.5
)
 
Total before tax
 
 
(27.2
)
 
(2.1
)
 
Tax (expense)/benefit
 
 
$
65.2

 
$
(4.6
)
 
Net of tax
(1)  
Release of pretax cumulative net gains in AOCI related to our net investment derivative instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.
(2)  
Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign business.
Employee Stock Plans (Tables)
Stock-Based Compensation Expense Recognized in Consolidated Statements of Earnings 
Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):
 
Quarter Ended
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
 
Jun 28, 2015
 
Jun 29, 2014
Options
$
8.3

 
$
9.9

 
$
28.9

 
$
32.4

Restricted Stock Units (“RSUs”)
43.7

 
41.1

 
127.3

 
110.2

Total stock-based compensation
$
52.0

 
$
51.0

 
$
156.2

 
$
142.6

Stock Option and RSU Transactions 
Stock option and RSU transactions from September 28, 2014 through June 28, 2015 (in millions):
 
 
Stock Options
 
RSUs
Options outstanding/Nonvested RSUs, September 28, 2014
39.6

 
10.8

Granted
6.3

 
6.4

Options exercised/RSUs vested
(8.8
)
 
(5.0
)
Forfeited/expired
(1.0
)
 
(1.3
)
Options outstanding/Nonvested RSUs, June 28, 2015
36.1

 
10.9

Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of June 28, 2015
$
39.2

 
$
156.1

Earnings Per Share (Tables)
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 Ended
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
 
Jun 28, 2015
 
Jun 29, 2014
Net earnings attributable to Starbucks
$
626.7

 
$
512.6

 
$
2,104.9

 
$
1,480.3

Weighted average common shares outstanding (for basic calculation)
1,498.5

 
1,503.5

 
1,499.3

 
1,507.9

Dilutive effect of outstanding common stock options and RSUs
17.2

 
18.5

 
17.0

 
19.9

Weighted average common and common equivalent shares outstanding (for diluted calculation)
1,515.7

 
1,522.0

 
1,516.3

 
1,527.8

EPS — basic
$
0.42

 
$
0.34

 
$
1.40

 
$
0.98

EPS — diluted
$
0.41

 
$
0.34

 
$
1.39

 
$
0.97

Segment Reporting (Tables)
Financial Information For Reportable Operating Segments And All Other Segments 
The table below presents financial information for our reportable operating segments and All Other Segments (in millions):
Quarter Ended
 
Americas
 
EMEA
 
China /
Asia Pacific
 
Channel
Development
 
All Other Segments
 
Segment
Total
June 28, 2015
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
3,414.6

 
$
294.7

 
$
652.7

 
$
403.6

 
$
115.6

 
$
4,881.2

Depreciation and amortization expenses
130.8

 
12.4

 
41.2

 
0.7

 
4.3

 
189.4

Income from equity investees
—

 
0.9

 
27.6

 
31.8

 
—

 
60.3

Operating income/(loss)
855.3

 
36.0

 
150.0

 
143.4

 
(13.1
)
 
1,171.6

 
 
 
 
 
 
 
 
 
 
 
 
June 29, 2014
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
3,057.7

 
$
323.5

 
$
287.6

 
$
375.3

 
$
109.6

 
$
4,153.7

Depreciation and amortization expenses
119.5

 
15.1

 
11.3

 
0.4

 
3.9

 
150.2

Income from equity investees
—

 
1.1

 
46.3

 
25.5

 
—

 
72.9

Operating income/(loss)
728.5

 
29.2

 
100.8

 
139.3

 
(18.9
)
 
978.9

Three Quarters Ended
 
Americas
 
EMEA
 
China /
Asia Pacific
 
Channel
Development
 
All Other Segments
 
Segment
Total
June 28, 2015
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
9,909.5

 
$
908.4

 
$
1,743.6

 
$
1,274.2

 
$
412.2

 
$
14,247.9

Depreciation and amortization expenses
386.5

 
38.9

 
106.3

 
2.0

 
12.2

 
545.9

Income from equity investees
—

 
2.1

 
85.8

 
80.1

 
—

 
168.0

Operating income/(loss)
2,382.5

 
115.2

 
370.5

 
456.7

 
(6.8
)
 
3,318.1

 
 
 
 
 
 
 
 
 
 
 
 
June 29, 2014
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
8,939.4

 
$
973.0

 
$
819.8

 
$
1,146.8

 
$
388.1

 
$
12,267.1

Depreciation and amortization expenses
346.6

 
44.5

 
33.4

 
1.2

 
11.3

 
437.0

Income from equity investees
—

 
3.0

 
116.8

 
64.1

 
—

 
183.9

Operating income/(loss)
2,066.0

 
80.5

 
268.8

 
385.5

 
(13.0
)
 
2,787.8

Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes 
Reconciliation of total segment operating income to consolidated earnings before income taxes (in millions):
 
Quarter Ended
 
Three Quarters Ended
 
Jun 28, 2015
 
Jun 29, 2014
 
Jun 28, 2015
 
Jun 29, 2014
Total segment operating income
$
1,171.6

 
$
978.9

 
$
3,318.1

 
$
2,787.8

Unallocated corporate operating expenses
(233.0
)
 
(210.4
)
 
(686.5
)
 
(561.5
)
Consolidated operating income
938.6

 
768.5

 
2,631.6

 
2,226.3

Gain resulting from acquisition of joint venture
—

 
—

 
390.6

 
—

Interest income and other, net
25.5

 
19.4

 
36.6

 
57.0

Interest expense
(19.1
)
 
(16.4
)
 
(52.3
)
 
(47.7
)
Earnings before income taxes
$
945.0

 
$
771.5

 
$
3,006.5

 
$
2,235.6

Summary of Significant Accounting Policies (Narrative) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
0 Months Ended
Jun. 28, 2015
Sep. 28, 2014
Apr. 9, 2015
Common Stock [Member]
Apr. 9, 2015
Common Stock [Member]
Class of Stock [Line Items]
 
 
 
 
Stock split conversion ratio
 
 
2 
 
Common stock, par value
$ 0.001 
$ 0.001 
 
$ 0.001 
Impact to shareholders' equity from stock split
 
 
 
$ 0 
Acquisition (Narrative) (Details)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 0 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended 3 Months Ended 0 Months Ended
Jun. 28, 2015
USD ($)
Jun. 29, 2014
USD ($)
Jun. 28, 2015
USD ($)
Jun. 29, 2014
USD ($)
Jun. 12, 2015
Starbucks Coffee Japan Ltd Member
USD ($)
Jun. 12, 2015
Starbucks Coffee Japan Ltd Member
JPY (¥)
Mar. 26, 2015
Starbucks Coffee Japan Ltd Member
Dec. 29, 2014
Starbucks Coffee Japan Ltd Member
USD ($)
Dec. 29, 2014
Starbucks Coffee Japan Ltd Member
JPY (¥)
Oct. 31, 2014
Starbucks Coffee Japan Ltd Member
USD ($)
Oct. 31, 2014
Starbucks Coffee Japan Ltd Member
JPY (¥)
Jun. 28, 2015
Starbucks Coffee Japan Ltd Member
USD ($)
Jun. 28, 2015
Starbucks Coffee Japan Ltd Member
JPY (¥)
Jun. 29, 2014
Starbucks Coffee Japan Ltd Member
USD ($)
Jun. 28, 2015
Starbucks Coffee Japan Ltd Member
USD ($)
Jun. 28, 2015
Starbucks Coffee Japan Ltd Member
USD ($)
Jun. 29, 2014
Starbucks Coffee Japan Ltd Member
USD ($)
Mar. 26, 2015
Starbucks Coffee Japan Ltd Member
Dec. 29, 2014
Starbucks Coffee Japan Ltd Member
Dec. 28, 2014
Starbucks Coffee Japan Ltd Member
Oct. 31, 2014
Starbucks Coffee Japan Ltd Member
USD ($)
Oct. 26, 2014
Starbucks Coffee Japan Ltd Member
Sep. 28, 2014
Starbucks Coffee Japan Ltd Member
Sep. 27, 2015
Starbucks Coffee Japan Ltd Member
Scenario, Forecast [Member]
USD ($)
Sep. 27, 2015
Starbucks Coffee Japan Ltd Member
Scenario, Forecast [Member]
JPY (¥)
Oct. 31, 2014
Starbucks Coffee Japan Ltd Member
Reacquired Rights
USD ($)
Oct. 31, 2014
Starbucks Coffee Japan Ltd Member
Licensing Agreements
USD ($)
Oct. 31, 2014
Starbucks Coffee Japan Ltd Member
Customer Loyalty Program
USD ($)
Business Acquisition [Line Items]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preexisting ownership percentage in Starbucks Japan
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
39.50% 
 
 
 
 
 
Remaining Ownership Interest in Equity Method Investee to be Acquired
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
60.50% 
 
 
 
 
 
Reason for acquisition
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquiring Starbucks Japan further leverages our existing infrastructure to continue disciplined retail store growth and expand our presence into other channels in the Japan market, such as consumer packaged goods ("CPG"), licensing and foodservice 
 
 
 
 
 
 
 
 
 
 
 
 
Additional ownership interest in Starbucks Japan acquired
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
14.70% 
 
39.50% 
 
 
 
 
 
 
 
Cash paid to acquire additional ownership interest in Starbucks Japan
 
 
 
 
$ 109.0 
¥ 13,500.0 
 
$ 258.0 
¥ 31,000.0 
$ 508.7 
¥ 55,000.0 
$ 78.0 
¥ 9,600.0 
 
 
 
 
 
 
 
 
 
 
$ 31.0 
¥ 3,900.0 
 
 
 
Total ownership interest in Starbucks Japan acquired through first tender offer step
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
79.00% 
 
 
 
 
 
 
 
Remaining interest of minority shareholders' to be acquired
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6.30% 
 
21.00% 
21.00% 
 
 
 
 
 
 
 
Ownership interest after conclusion of Cash-out procedure
 
 
 
 
 
 
100.00% 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reference conversion rate
 
 
 
 
 
 
 
 
 
 
 
123.87 
123.87 
 
123.87 
123.87 
 
 
120.39 
 
 
108.13 
 
 
 
 
 
 
Acquisition-related costs incurred
 
 
 
 
 
 
 
 
 
 
 
0 
 
 
 
11.5 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition date
 
 
 
 
 
 
 
 
 
Oct. 31, 2014 
Oct. 31, 2014 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition date fair value of goodwill, adjustment
 
 
 
 
 
 
 
 
 
 
 
(4.0)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Definite-lived intangible assets acquired
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
305.0 
15.0 
3.0 
Definite-lived intangible assets, life (years)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6 years 5 months 
10 years 11 months 
4 years 0 months 
Definite-lived intangible assets, effect of foreign currency translation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(41.0)
 
 
 
 
 
 
 
 
 
 
 
 
 
Definite-lived intangible assets, amortization expense
 
 
 
 
 
 
 
 
 
 
 
11.0 
 
 
 
30.0 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired definite-lived intangible assets, amortization expense, next twelve months
 
 
 
 
 
 
 
 
 
 
 
43 
 
 
43 
43 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired definite-lived intangible assets, amortization expense, year two
 
 
 
 
 
 
 
 
 
 
 
43 
 
 
43 
43 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired definite-lived intangible assets, amortization expense, year three
 
 
 
 
 
 
 
 
 
 
 
43 
 
 
43 
43 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired definite-lived intangible assets, amortization expense, year four
 
 
 
 
 
 
 
 
 
 
 
43 
 
 
43 
43 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired definite-lived intangible assets, amortization expense, year five
 
 
 
 
 
 
 
 
 
 
 
43 
 
 
43 
43 
 
 
 
 
 
 
 
 
 
 
 
 
Acquired definite-lived intangible assets, amortization expense, after year five
 
 
 
 
 
 
 
 
 
 
 
38 
 
 
38 
38 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
 
 
 
 
 
 
 
 
811.6 
 
 
 
 
 
708.0 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill description
 
 
 
 
 
 
 
 
 
the intangible assets that do not qualify for separate recognition and primarily includes the acquired current customer base, the acquired workforce including store partners in the region that have strong relationships with these customers, the existing geographic retail and online presence, and the expected geographic presence in new channels 
the intangible assets that do not qualify for separate recognition and primarily includes the acquired current customer base, the acquired workforce including store partners in the region that have strong relationships with these customers, the existing geographic retail and online presence, and the expected geographic presence in new channels 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill, effect of foreign currency translation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(103.6)
 
 
 
 
 
 
 
 
 
 
 
 
Favorable lease assets acquired
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7.5 
 
 
 
 
 
 
 
Unfavorable lease liabilities assumed
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
15.5 
 
 
 
 
 
 
 
Favorable lease assets and unfavorable lease liabilities, weighted average remaining term (years)
 
 
 
 
 
 
 
 
 
9 years 5 months 
9 years 5 months 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unfavorable/favorable leases, rent expense/(reduction)
 
 
 
 
 
 
 
 
 
 
 
(0.2)
 
 
 
(0.6)
 
 
 
 
 
 
 
 
 
 
 
 
Gain resulting from acquisition of joint venture
0 
0 
390.6 
0 
 
 
 
 
 
 
 
 
 
 
 
390.6 
 
 
 
 
 
 
 
 
 
 
 
 
Fair value of preexisting equity interest
 
 
 
 
 
 
 
 
 
577.0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Starbucks Japan revenue included in consolidated statements of earnings
 
 
 
 
 
 
 
 
 
 
 
332.7 
 
 
 
816.8 
 
 
 
 
 
 
 
 
 
 
 
 
Starbucks Japan net earnings included in consolidated statements of earnings
 
 
 
 
 
 
 
 
 
 
 
42.3 
 
 
 
81.1 
 
 
 
 
 
 
 
 
 
 
 
 
Pro forma revenue
 
 
 
 
 
 
 
 
 
 
 
4,881.2 
 
4,470.8 
 
14,339.7 
13,149.6 
 
 
 
 
 
 
 
 
 
 
 
Pro forma net earnings attributable to Starbucks
 
 
 
 
 
 
 
 
 
 
 
626.9 
 
523.1 1
 
1,724.2 
1,863.4 
 
 
 
 
 
 
 
 
 
 
 
Transaction and integration costs
 
 
 
 
 
 
 
 
 
 
 
$ 0.5 
 
 
 
$ 12.7 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition (Allocation of Total Consideration to Fair Value of Assets Acquired and Liabilities Assumed) (Details) (Starbucks Coffee Japan Ltd Member)
In Millions, unless otherwise specified
0 Months Ended 3 Months Ended 9 Months Ended
Jun. 12, 2015
USD ($)
Jun. 12, 2015
JPY (¥)
Dec. 29, 2014
USD ($)
Dec. 29, 2014
JPY (¥)
Oct. 31, 2014
USD ($)
Oct. 31, 2014
JPY (¥)
Jun. 28, 2015
USD ($)
Jun. 28, 2015
JPY (¥)
Jun. 28, 2015
USD ($)
Oct. 31, 2014
USD ($)
Cash paid to acquire additional ownership interest in Starbucks Japan
$ 109.0 
¥ 13,500.0 
$ 258.0 
¥ 31,000.0 
$ 508.7 
¥ 55,000.0 
$ 78.0 
¥ 9,600.0 
 
 
Fair value of preexisting equity interest
 
 
 
 
577.0 
 
 
 
 
 
Cash and cash equivalents
 
 
 
 
 
 
 
 
 
224.4 
Accounts receivable, net
 
 
 
 
 
 
 
 
 
37.4 
Inventories
 
 
 
 
 
 
 
 
 
26.4 
Prepaid expenses and other current assets
 
 
 
 
 
 
 
 
 
35.7 
Deferred income taxes, net (current)
 
 
 
 
 
 
 
 
 
23.4 
Property, plant and equipment
 
 
 
 
 
 
 
 
 
282.9 
Other long-term assets
 
 
 
 
 
 
 
 
 
141.4 
Other intangible assets
 
 
 
 
 
 
 
 
 
323.0 
Goodwill
 
 
 
 
811.6 
 
 
 
708.0 
 
Total assets acquired
 
 
 
 
 
 
 
 
 
1,906.2 
Accounts payable
 
 
 
 
 
 
 
 
 
(54.5)
Accrued liabilities
 
 
 
 
 
 
 
 
 
(115.9)
Stored value card liability
 
 
 
 
 
 
 
 
 
(36.5)
Deferred income taxes (noncurrent)
 
 
 
 
 
 
 
 
 
(92.9)
Other long-term liabilities
 
 
 
 
 
 
 
 
 
(109.6)
Total liabilities assumed
 
 
 
 
 
 
 
 
 
(409.4)
Noncontrolling interest
 
 
 
 
 
 
 
 
 
(411.1)
Total consideration
 
 
 
 
$ 1,085.7 
 
 
 
 
 
Acquisition (Definite-lived intangible assets acquired) (Details) (Starbucks Coffee Japan Ltd Member, USD $)
In Millions, unless otherwise specified
Jun. 28, 2015
Acquired Finite-Lived Intangible Assets [Line Items]
 
Gross carrying amount
$ 281.9 
Accumulated amortization
(28.8)
Net carrying amount
253.1 
Reacquired Rights
 
Acquired Finite-Lived Intangible Assets [Line Items]
 
Gross carrying amount
266.2 
Accumulated amortization
(27.6)
Net carrying amount
238.6 
Licensing Agreements
 
Acquired Finite-Lived Intangible Assets [Line Items]
 
Gross carrying amount
13.1 
Accumulated amortization
(0.8)
Net carrying amount
12.3 
Customer Loyalty Program
 
Acquired Finite-Lived Intangible Assets [Line Items]
 
Gross carrying amount
2.6 
Accumulated amortization
(0.4)
Net carrying amount
$ 2.2 
Acquisition (Future Minimum Rental Payments) (Details) (USD $)
In Millions, unless otherwise specified
Jun. 28, 2015
Leases [Abstract]
 
Minimum future rental payments, operating leases, Year 1
$ 88.8 
Minimum future rental payments, operating leases, Year 2
71.1 
Minimum future rental payments, operating leases, Year 3
51.9 
Minimum future rental payments, operating leases, Year 4
37.9 
Minimum future rental payments, operating leases, Year 5
30.0 
Minimum future rental payments, operating leases, Thereafter
144.4 
Total minimum future rental payments, operating leases
424.1 
Minimum future rental payments, lease financing arrangements, Year 1
2.9 
Minimum future rental payments, lease financing arrangements, Year 2
2.9 
Minimum future rental payments, lease financing arrangements, Year 3
2.9 
Minimum future rental payments, lease financing arrangements, Year 4
2.9 
Minimum future rental payments, lease financing arrangements, Year 5
2.9 
Minimum future rental payments, lease financing arrangements, Thereafter
28.1 
Total minimum future rental payments, lease financing arrangements
$ 42.6 
Acquisition Effect of the change in Starbucks ownership interest in Starbucks Japan on Starbucks equity (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
 
 
 
 
Net earnings attributable to Starbucks
$ 626.7 
$ 512.6 
$ 2,104.9 
$ 1,480.3 
Change from net earnings attributable to Starbucks and transfers (to)/from noncontrolling interest
 
 
2,106.6 
1,480.3 
Additional Paid-in Capital [Member]
 
 
 
 
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
 
 
 
 
Increase/(decrease) in additional paid-in capital for purchase of interest in subsidiary
 
 
$ 1.7 
$ 0 
Derivative Financial Instruments Derivative Financial Instruments (Narrative) (Details)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 9 Months Ended 1 Months Ended 1 Months Ended
Jun. 28, 2015
USD ($)
Jun. 29, 2014
USD ($)
Jun. 28, 2015
USD ($)
Jun. 29, 2014
USD ($)
Jun. 28, 2015
Reclassification out of Accumulated Other Comprehensive Income [Member]
Net Investment Hedging [Member]
USD ($)
Jun. 29, 2014
Reclassification out of Accumulated Other Comprehensive Income [Member]
Net Investment Hedging [Member]
USD ($)
Jun. 28, 2015
Starbucks Coffee Japan Ltd Member
USD ($)
Sep. 28, 2014
Starbucks Coffee Japan Ltd Member
Jun. 28, 2015
Starbucks Coffee Japan Ltd Member
Reclassification out of Accumulated Other Comprehensive Income [Member]
Net Investment Hedging [Member]
USD ($)
Jun. 28, 2015
Two Point Seven Percentage Senior Notes [Member]
USD ($)
Dec. 28, 2014
Two Point Seven Percentage Senior Notes [Member]
USD ($)
Sep. 28, 2014
Two Point Seven Percentage Senior Notes [Member]
USD ($)
Jun. 28, 2015
Four Point Three Percentage Senior Notes [Member]
USD ($)
Sep. 28, 2014
Four Point Three Percentage Senior Notes [Member]
USD ($)
Jun. 28, 2015
Interest Rate Swap [Member]
Four Point Three Percentage Senior Notes [Member]
USD ($)
Jun. 28, 2015
Cross-Currency Swap [Member]
USD ($)
Jun. 28, 2015
Cross-Currency Swap [Member]
JPY (¥)
Sep. 28, 2014
Cross-Currency Swap [Member]
USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative, Notional Amount
 
 
 
 
 
 
 
 
 
 
$ 250.0 
 
 
 
$ 250.0 
$ 698.0 
¥ 86,500.0 
$ 0 
Debt Instrument, Face Value
 
 
 
 
 
 
 
 
 
500.0 
 
0 
350.0 
0 
 
 
 
 
Stated Interest Rate
 
 
 
 
 
 
 
 
 
2.70% 
 
 
4.30% 
 
 
 
 
 
Debt Instrument, Maturity
 
 
 
 
 
 
 
 
 
Jun. 15, 2022 
 
 
Jun. 15, 2045 
 
 
 
 
 
Gain resulting from acquisition of joint venture
$ 0 
$ 0 
$ 390.6 
$ 0 
$ 7.2 1
$ 0 
$ 390.6 
 
$ 7.2 
 
 
 
 
 
 
 
 
 
Preexisting ownership percentage in Starbucks Japan
 
 
 
 
 
 
 
39.50% 
 
 
 
 
 
 
 
 
 
 
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, unless otherwise specified
3 Months Ended
Jun. 28, 2015
Sep. 28, 2014
Cash Flow Hedging [Member] |
Interest Rate Contract [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
$ 29.6 
$ 36.4 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
2.2 
 
Contract Remaining Maturity (Months)
0 months 
 
Cash Flow Hedging [Member] |
Cross-Currency Swap [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
(1.3)
0 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
0 
 
Contract Remaining Maturity (Months)
114 months 
 
Cash Flow Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
19.3 
10.6 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
14.0 
 
Contract Remaining Maturity (Months)
35 months 
 
Cash Flow Hedging [Member] |
Coffee Contracts [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
(2.6)
(0.7)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
(2.0)
 
Contract Remaining Maturity (Months)
15 months 
 
Net Investment Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
1.3 
3.2 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
$ 0 
 
Contract Remaining Maturity (Months)
0 months 
 
Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings) (Details) (Designated as Hedging Instrument [Member], USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Cash Flow Hedging [Member] |
Interest Rate Contract [Member]
 
 
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
$ (0.7)
$ 0 
$ (7.0)
$ 0.5 
Gains/(Losses) Reclassified from AOCI to Earnings
1.2 
1.3 
3.8 
3.8 
Cash Flow Hedging [Member] |
Cross-Currency Swap [Member]
 
 
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
44.0 
0 
80.3 
0 
Gains/(Losses) Reclassified from AOCI to Earnings
29.5 
0 
82.0 
0 
Cash Flow Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
(7.5)
(10.8)
29.9 
7.8 
Gains/(Losses) Reclassified from AOCI to Earnings
7.3 
2.2 
16.9 
5.5 
Cash Flow Hedging [Member] |
Coffee Contracts [Member]
 
 
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
(1.9)
(3.0)
(5.4)
(2.2)
Gains/(Losses) Reclassified from AOCI to Earnings
(0.7)
(0.9)
(3.3)
(11.8)
Net Investment Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
0 
(0.7)
4.3 
5.2 
Gains/(Losses) Reclassified from AOCI to Earnings
$ 0 
$ 0 
$ 7.2 
$ 0 
Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings) (Details) (Not Designated as Hedging Instrument [Member], USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Foreign Currency Contract - Other [Member]
 
 
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
 
 
Gains/(Losses) Recognized in Earnings
$ 2.5 
$ (1.0)
$ 25.8 
$ (2.0)
Dairy Contracts [Member]
 
 
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
 
 
Gains/(Losses) Recognized in Earnings
0.4 
0.8 
(2.9)
12.7 
Diesel Fuel Contracts [Member]
 
 
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
 
 
Gains/(Losses) Recognized in Earnings
$ 1.1 
$ 0.6 
$ (7.5)
$ 0.6 
Derivative and Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details)
In Millions, unless otherwise specified
Jun. 28, 2015
Cross-Currency Swap [Member]
USD ($)
Jun. 28, 2015
Cross-Currency Swap [Member]
JPY (¥)
Sep. 28, 2014
Cross-Currency Swap [Member]
USD ($)
Jun. 28, 2015
Foreign Currency Contract - Other [Member]
USD ($)
Sep. 28, 2014
Foreign Currency Contract - Other [Member]
USD ($)
Jun. 28, 2015
Coffee Contracts [Member]
USD ($)
Sep. 28, 2014
Coffee Contracts [Member]
USD ($)
Jun. 28, 2015
Dairy Contracts [Member]
USD ($)
Sep. 28, 2014
Dairy Contracts [Member]
USD ($)
Jun. 28, 2015
Diesel Fuel Contracts [Member]
USD ($)
Sep. 28, 2014
Diesel Fuel Contracts [Member]
USD ($)
Notional amounts of outstanding derivative contracts
$ 698.0 
¥ 86,500.0 
$ 0 
$ 515.0 
$ 542.0 
$ 49.0 
$ 45.0 
$ 19.0 
$ 24.0 
$ 13.0 
$ 17.0 
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $)
In Millions, unless otherwise specified
Jun. 28, 2015
Sep. 28, 2014
Assets:
 
 
Total short-term investments
$ 94.7 
$ 135.4 
Available-for-sale securities
390.1 
318.4 
Total Assets
2,716.4 
2,208.9 
Liabilities:
 
 
Total Liabilities
23.7 
 
Cash and Cash Equivalents [Member]
 
 
Assets:
 
 
Cash and cash equivalents
2,080.5 
1,708.4 
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
19.6 
63.2 
Trading securities
75.1 
72.2 
Total short-term investments
94.7 
135.4 
Prepaid Expenses and Other Current Assets [Member]
 
 
Assets:
 
 
Derivative assets
46.7 
28.7 
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
390.1 
318.4 
Other Long-Term Assets [Member]
 
 
Assets:
 
 
Derivative assets
104.4 
18.0 
Accrued Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
13.2 
2.4 
Other Long-Term Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
10.5 
 
Fair Value, Inputs, Level 1 [Member]
 
 
Assets:
 
 
Total Assets
2,272.8 
1,887.2 
Liabilities:
 
 
Total Liabilities
1.0 
 
Fair Value, Inputs, Level 1 [Member] |
Cash and Cash Equivalents [Member]
 
 
Assets:
 
 
Cash and cash equivalents
2,080.5 
1,708.4 
Fair Value, Inputs, Level 1 [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
10.9 
Trading securities
75.1 
72.2 
Total short-term investments
75.1 
83.1 
Fair Value, Inputs, Level 1 [Member] |
Prepaid Expenses and Other Current Assets [Member]
 
 
Assets:
 
 
Derivative assets
0.2 
0.9 
Fair Value, Inputs, Level 1 [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
116.7 
94.8 
Fair Value, Inputs, Level 1 [Member] |
Other Long-Term Assets [Member]
 
 
Assets:
 
 
Derivative assets
0.3 
0 
Fair Value, Inputs, Level 1 [Member] |
Accrued Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
1.0 
0.4 
Fair Value, Inputs, Level 1 [Member] |
Other Long-Term Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
0 
 
Significant Other Observable Inputs (Level 2) [Member]
 
 
Assets:
 
 
Total Assets
437.7 
307.9 
Liabilities:
 
 
Total Liabilities
22.7 
 
Significant Other Observable Inputs (Level 2) [Member] |
Cash and Cash Equivalents [Member]
 
 
Assets:
 
 
Cash and cash equivalents
0 
0 
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
19.6 
52.3 
Trading securities
0 
0 
Total short-term investments
19.6 
52.3 
Significant Other Observable Inputs (Level 2) [Member] |
Prepaid Expenses and Other Current Assets [Member]
 
 
Assets:
 
 
Derivative assets
46.5 
27.8 
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
267.5 
209.8 
Significant Other Observable Inputs (Level 2) [Member] |
Other Long-Term Assets [Member]
 
 
Assets:
 
 
Derivative assets
104.1 
18.0 
Significant Other Observable Inputs (Level 2) [Member] |
Accrued Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
12.2 
2.0 
Significant Other Observable Inputs (Level 2) [Member] |
Other Long-Term Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
10.5 
 
Significant Unobservable Inputs (Level 3) [Member]
 
 
Assets:
 
 
Total Assets
5.9 
13.8 
Liabilities:
 
 
Total Liabilities
0 
 
Significant Unobservable Inputs (Level 3) [Member] |
Cash and Cash Equivalents [Member]
 
 
Assets:
 
 
Cash and cash equivalents
0 
0 
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Trading securities
0 
0 
Total short-term investments
0 
0 
Significant Unobservable Inputs (Level 3) [Member] |
Prepaid Expenses and Other Current Assets [Member]
 
 
Assets:
 
 
Derivative assets
0 
0 
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
5.9 
13.8 
Significant Unobservable Inputs (Level 3) [Member] |
Other Long-Term Assets [Member]
 
 
Assets:
 
 
Derivative assets
0 
0 
Significant Unobservable Inputs (Level 3) [Member] |
Accrued Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
0 
0 
Significant Unobservable Inputs (Level 3) [Member] |
Other Long-Term Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
0 
 
Agency Obligations [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
16.2 
8.9 
Agency Obligations [Member] |
Fair Value, Inputs, Level 1 [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Agency Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
16.2 
8.9 
Agency Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Corporate Debt Securities [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
15.0 
4.9 
Corporate Debt Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
161.6 
130.9 
Corporate Debt Securities [Member] |
Fair Value, Inputs, Level 1 [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Corporate Debt Securities [Member] |
Fair Value, Inputs, Level 1 [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Corporate Debt Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
15.0 
4.9 
Corporate Debt Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
161.6 
130.9 
Corporate Debt Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Corporate Debt Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Auction Rate Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
5.9 
13.8 
Auction Rate Securities [Member] |
Fair Value, Inputs, Level 1 [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Auction Rate Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Auction Rate Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
5.9 
13.8 
Foreign Government Obligations [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
1.2 
33.7 
Foreign Government Obligations [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
21.9 
17.4 
Foreign Government Obligations [Member] |
Fair Value, Inputs, Level 1 [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Foreign Government Obligations [Member] |
Fair Value, Inputs, Level 1 [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Foreign Government Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
1.2 
33.7 
Foreign Government Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
21.9 
17.4 
Foreign Government Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Foreign Government Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
US Government Treasury Securities [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
10.9 
US Government Treasury Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
116.7 
94.8 
US Government Treasury Securities [Member] |
Fair Value, Inputs, Level 1 [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
10.9 
US Government Treasury Securities [Member] |
Fair Value, Inputs, Level 1 [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
116.7 
94.8 
US Government Treasury Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
US Government Treasury Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
US Government Treasury Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
US Government Treasury Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
State and Local Government Obligations [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
3.4 
12.7 
State and Local Government Obligations [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
16.4 
6.7 
State and Local Government Obligations [Member] |
Fair Value, Inputs, Level 1 [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
State and Local Government Obligations [Member] |
Fair Value, Inputs, Level 1 [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
State and Local Government Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
3.4 
12.7 
State and Local Government Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
16.4 
6.7 
State and Local Government Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
State and Local Government Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Certificates Of Deposit [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
1.0 
Certificates Of Deposit [Member] |
Fair Value, Inputs, Level 1 [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
Certificates Of Deposit [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
1.0 
Certificates Of Deposit [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
Mortgage and Other Asset-backed Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
51.4 
45.9 
Mortgage and Other Asset-backed Securities [Member] |
Fair Value, Inputs, Level 1 [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Mortgage and Other Asset-backed Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
51.4 
45.9 
Mortgage and Other Asset-backed Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
$ 0 
$ 0 
Inventories (Narrative) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Jun. 28, 2015
Coffee Contracts [Member]
Sep. 28, 2014
Coffee Contracts [Member]
Jun. 28, 2015
Fixed Price Contract [Member]
Jun. 28, 2015
Price-to-be-fixed Contract [Member]
Jun. 28, 2015
Future [Member]
Price-to-be-fixed Contract [Member]
Jun. 28, 2015
Collar Instruments [Member]
Price-to-be-fixed Contract [Member]
Amount of coffee committed to be purchased
 
 
$ 914 
$ 267 
 
 
Notional amounts of outstanding derivative contracts
$ 49.0 
$ 45.0 
 
 
$ 35.0 
$ 14.0 
Inventories (Components of Inventory) (Details) (USD $)
In Millions, unless otherwise specified
Jun. 28, 2015
Sep. 28, 2014
Jun. 29, 2014
Inventory Disclosure [Abstract]
 
 
 
Unroasted coffee
$ 529.5 
$ 432.3 
$ 442.3 
Roasted coffee
240.6 
238.9 
215.1 
Other merchandise held for sale
226.2 
265.7 
213.8 
Packaging and other supplies
169.7 
154.0 
154.6 
Total
$ 1,166.0 
$ 1,090.9 
$ 1,025.8 
Supplemental Balance Sheet Information (Property, Plant And Equipment, net) (Details) (USD $)
In Millions, unless otherwise specified
Jun. 28, 2015
Sep. 28, 2014
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
$ 9,431.8 
$ 8,581.1 
Accumulated depreciation
(5,454.1)
(5,062.1)
Property, plant and equipment, net
3,977.7 
3,519.0 
Land [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
46.6 
46.7 
Buildings [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
404.4 
278.1 
Leasehold Improvements [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
5,277.6 
4,858.4 
Store Equipment [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
1,645.9 
1,493.3 
Roasting Equipment [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
534.2 
410.9 
Furniture, Fixtures and Other [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
1,233.5 
1,078.1 
Work in Progress [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
$ 289.6 
$ 415.6 
Supplemental Balance Sheet Information (Accrued Liabilities) (Details) (USD $)
In Millions, unless otherwise specified
Jun. 28, 2015
Sep. 28, 2014
Balance Sheet Related Disclosures [Abstract]
 
 
Accrued compensation and related costs
$ 512.9 
$ 437.9 
Accrued occupancy costs
129.7 
119.8 
Accrued taxes
170.1 
272.0 
Accrued dividends payable
238.5 
239.8 
Other
605.7 
444.9 
Total accrued liabilities
$ 1,656.9 
$ 1,514.4 
Debt (Narrative) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 1 Months Ended 1 Months Ended 0 Months Ended
Jun. 28, 2015
Sep. 28, 2014
Jun. 28, 2015
Two Point Seven Percentage Senior Notes [Member]
Sep. 28, 2014
Two Point Seven Percentage Senior Notes [Member]
Jun. 28, 2015
Four Point Three Percentage Senior Notes [Member]
Sep. 28, 2014
Four Point Three Percentage Senior Notes [Member]
Jun. 28, 2015
Six Point Two Five Percentage Senior Notes [Member]
Sep. 28, 2014
Six Point Two Five Percentage Senior Notes [Member]
Jul. 1, 2015
Six Point Two Five Percentage Senior Notes [Member]
Subsequent Event [Member]
Jul. 1, 2015
Six Point Two Five Percentage Senior Notes [Member]
Subsequent Event [Member]
Debt Instrument, Issuance
 
 
Jun. 01, 2015 
 
Jun. 01, 2015 
 
 
 
 
 
Debt Instrument, Face Value
 
 
$ 500.0 
$ 0 
$ 350.0 
$ 0 
$ 550.0 
$ 550.0 
 
 
Stated Interest Rate
 
 
2.70% 
 
4.30% 
 
6.25% 
 
 
6.25% 
Debt Instrument, Maturity
 
 
Jun. 15, 2022 
 
Jun. 15, 2045 
 
 
 
 
 
Debt extinguishment amount
 
 
 
 
 
 
 
 
550 
 
Current Portion of Long-Term Debt
$ 549.8 
$ 0 
 
 
 
 
$ 550.0 
 
 
 
Long-term debt covenant compliance
The indentures under which the above notes were issued also require us to maintain compliance with certain covenants, including limits on future liens and sale and leaseback transactions on certain material properties. As of June 28, 2015, we were in compliance with all applicable covenants.  
 
 
 
 
 
 
 
 
 
Equity (Narrative) (Details) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended 0 Months Ended
Jun. 28, 2015
Jun. 28, 2015
Jun. 29, 2014
Sep. 28, 2014
Jul. 23, 2015
Scenario, Forecast [Member]
Apr. 9, 2015
Common Stock [Member]
Apr. 9, 2015
Common Stock [Member]
Class of Stock [Line Items]
 
 
 
 
 
 
 
Stock split conversion ratio
 
 
 
 
 
2 
 
Par value of common stock
$ 0.001 
$ 0.001 
 
$ 0.001 
 
 
$ 0.001 
Increase of shares to ongoing share repurchase authorization
 
 
 
 
50,000,000 
 
 
Authorized shares of common stock
2,400,000,000 
2,400,000,000 
 
2,400,000,000 
 
 
 
Authorized shares of preferred stock
7,500,000 
7,500,000 
 
 
 
 
 
Outstanding shares of preferred stock
0 
0 
 
 
 
 
 
Shares of common stock repurchased
 
20,700,000 
16,500,000 
 
 
 
 
Total cost of common stock repurchased
 
$ 975.9 
$ 595.2 
 
 
 
 
Shares available for repurchase
11,000,000 
11,000,000 
 
 
 
 
 
Cash dividend declared to shareholders
$ 0.16 
$ 0.16 
 
 
 
 
 
Dividends payable, payment date
Aug. 21, 2015 
 
 
 
 
 
 
Dividends payable, record date
Aug. 06, 2015 
 
 
 
 
 
 
Equity (Changes In Total Equity) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Beginning balance of total equity
 
 
$ 5,273.7 
$ 4,482.3 
Net earnings including noncontrolling interests
626.5 
512.5 
2,106.8 
1,480.2 
Translation adjustment, net of reclassifications and tax
 
 
(152.4)
(8.5)
Unrealized gains/(losses), net of reclassifications and tax
 
 
(4.0)
12.4 
Other comprehensive income/(loss)
(14.2)
6.6 
(156.4)
3.9 
Stock-based compensation expense
 
 
157.6 
144.0 
Exercise of stock options/vesting of RSUs
 
 
153.2 
126.3 
Sale of common stock
 
 
17.5 
16.5 
Repurchase of common stock
 
 
(975.9)
(595.2)
Cash dividends declared
 
 
(718.2)
(587.2)
Noncontrolling interest resulting from acquisition
 
 
411.1 
0 
Purchase of noncontrolling interests
 
 
(411.1)
0 
Ending balance of total equity
5,858.3 
5,070.8 
5,858.3 
5,070.8 
Parent [Member]
 
 
 
 
Beginning balance of total equity
 
 
5,272.0 
4,480.2 
Net earnings including noncontrolling interests
 
 
2,104.9 
1,480.3 
Translation adjustment, net of reclassifications and tax
 
 
(121.3)
(8.5)
Unrealized gains/(losses), net of reclassifications and tax
 
 
(4.0)
12.4 
Other comprehensive income/(loss)
(14.2)
6.6 
(125.3)
3.9 
Stock-based compensation expense
 
 
157.6 
144.0 
Exercise of stock options/vesting of RSUs
 
 
153.2 
126.3 
Sale of common stock
 
 
17.5 
16.5 
Repurchase of common stock
 
 
(975.9)
(595.2)
Cash dividends declared
 
 
(718.2)
(587.2)
Noncontrolling interest resulting from acquisition
 
 
0 
0 
Purchase of noncontrolling interests
 
 
(29.3)
0 
Ending balance of total equity
5,856.5 
5,068.8 
5,856.5 
5,068.8 
Noncontrolling Interest [Member]
 
 
 
 
Beginning balance of total equity
 
 
1.7 
2.1 
Net earnings including noncontrolling interests
 
 
1.9 
(0.1)
Translation adjustment, net of reclassifications and tax
 
 
(31.1)
0 
Unrealized gains/(losses), net of reclassifications and tax
 
 
0 
0 
Other comprehensive income/(loss)
 
 
(31.1)
0 
Stock-based compensation expense
 
 
0 
0 
Exercise of stock options/vesting of RSUs
 
 
0 
0 
Sale of common stock
 
 
0 
0 
Repurchase of common stock
 
 
0 
0 
Cash dividends declared
 
 
0 
0 
Noncontrolling interest resulting from acquisition
 
 
411.1 
0 
Purchase of noncontrolling interests
 
 
(381.8)
0 
Ending balance of total equity
$ 1.8 
$ 2.0 
$ 1.8 
$ 2.0 
Equity (Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Net gains/(losses) in AOCI at beginning of period
 
 
$ 25.3 
 
Other comprehensive income/(loss)
(14.2)
6.6 
(156.4)
3.9 
Net gains/(losses) in AOCI at end of period
(131.1)
 
(131.1)
 
Parent [Member]
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Net gains/(losses) in AOCI at beginning of period
(116.9)
64.3 
25.3 
67.0 
Net gains/(losses) recognized in OCI before reclassifications
13.0 
8.1 
(59.1)
(0.9)
Net (gains)/losses reclassified from AOCI to earnings
(27.2)
(1.5)
(66.2)
4.8 
Other comprehensive income/(loss)
(14.2)
6.6 
(125.3)
3.9 
Purchase of noncontrolling interests
 
 
31.1 
 
Net gains/(losses) in AOCI at end of period
(131.1)
70.9 
(131.1)
70.9 
Available-for-sale Securities [Member]
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Net gains/(losses) in AOCI at beginning of period
0.4 
(0.8)
(0.4)
(0.5)
Net gains/(losses) recognized in OCI before reclassifications
(1.1)
1.1 
0.2 
0.6 
Net (gains)/losses reclassified from AOCI to earnings
(0.5)
0 
(1.0)
0.2 
Other comprehensive income/(loss)
(1.6)
1.1 
(0.8)
0.8 
Purchase of noncontrolling interests
 
 
0 
 
Net gains/(losses) in AOCI at end of period
(1.2)
0.3 
(1.2)
0.3 
Cash Flow Hedging [Member]
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Net gains/(losses) in AOCI at beginning of period
46.6 
46.8 
46.3 
26.8 
Net gains/(losses) recognized in OCI before reclassifications
25.1 
(10.2)
73.6 
3.7 
Net (gains)/losses reclassified from AOCI to earnings
(26.7)
(1.5)
(74.9)
4.6 
Other comprehensive income/(loss)
(1.6)
(11.7)
(1.3)
8.3 
Purchase of noncontrolling interests
 
 
0 
 
Net gains/(losses) in AOCI at end of period
45.0 
35.1 
45.0 
35.1 
Net Investment Hedging [Member]
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Net gains/(losses) in AOCI at beginning of period
1.3 
(9.2)
3.2 
(12.9)
Net gains/(losses) recognized in OCI before reclassifications
0 
(0.4)
2.7 
3.3 
Net (gains)/losses reclassified from AOCI to earnings
0 
0 
(4.6)
0 
Other comprehensive income/(loss)
0 
(0.4)
(1.9)
3.3 
Purchase of noncontrolling interests
 
 
0 
 
Net gains/(losses) in AOCI at end of period
1.3 
(9.6)
1.3 
(9.6)
Translation Adjustment [Member]
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Net gains/(losses) in AOCI at beginning of period
(165.2)
27.5 
(23.8)
53.6 
Net gains/(losses) recognized in OCI before reclassifications
(11.0)
17.6 
(135.6)
(8.5)
Net (gains)/losses reclassified from AOCI to earnings
0 
0 
14.3 
0 
Other comprehensive income/(loss)
(11.0)
17.6 
(121.3)
(8.5)
Purchase of noncontrolling interests
 
 
31.1 
 
Net gains/(losses) in AOCI at end of period
$ (176.2)
$ 45.1 
$ (176.2)
$ 45.1 
Equity (Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Net Investment Hedging [Member]
Jun. 29, 2014
Net Investment Hedging [Member]
Jun. 28, 2015
Net Investment Hedging [Member]
Jun. 29, 2014
Net Investment Hedging [Member]
Jun. 28, 2015
Net Investment Hedging [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Net Investment Hedging [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Translation Adjustment [Member]
Jun. 29, 2014
Translation Adjustment [Member]
Jun. 28, 2015
Translation Adjustment [Member]
Jun. 29, 2014
Translation Adjustment [Member]
Jun. 28, 2015
Translation Adjustment [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Translation Adjustment [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Interest Rate Contract [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Interest Rate Contract [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Interest Rate Contract [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Interest Rate Contract [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Cross-Currency Swap [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Cross-Currency Swap [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Cross-Currency Swap [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Cross-Currency Swap [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Foreign Currency Contract - Other [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Foreign Currency Contract - Other [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Foreign Currency Contract - Other [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Foreign Currency Contract - Other [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Foreign Currency and Coffee Contracts [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Foreign Currency and Coffee Contracts [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Foreign Currency and Coffee Contracts [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 29, 2014
Foreign Currency and Coffee Contracts [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Jun. 28, 2015
Starbucks Coffee Japan Ltd Member
Sep. 28, 2014
Starbucks Coffee Japan Ltd Member
Jun. 28, 2015
Starbucks Coffee Japan Ltd Member
Net Investment Hedging [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
$ (19.1)
$ (16.4)
$ (52.3)
$ (47.7)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$ 1.2 
$ 1.3 
$ 3.8 
$ 3.8 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts Reclassified from AOCI, Interest income and other, net
25.5 
19.4 
36.6 
57.0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(7.1)1
0 1
 
 
 
 
29.5 
0 
82.0 
0 
 
 
 
 
 
 
 
 
 
 
 
Amounts Reclassified from AOCI, Revenue
4,881.2 
4,153.7 
14,247.9 
12,267.1 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3.7 
0.9 
9.6 
3.2 
 
 
 
 
 
 
 
Amounts Reclassified from AOCI, Cost of sales including occupancy costs
(1,953.9)
(1,711.5)
(5,804.9)
(5,135.7)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3.0 
0.4 
4.1 
(9.5)
 
 
 
Gain resulting from acquisition of joint venture
0 
0 
390.6 
0 
 
 
 
 
 
 
 
 
7.2 2
0 
 
 
 
 
(7.2)1
0 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
390.6 
 
7.2 
Amounts Reclassified from AOCI, Total before tax
 
 
 
 
37.4 
2.6 
92.4 
(2.5)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts Reclassified from AOCI, Tax (expense)/benefit
(318.5)
(259.0)
(899.7)
(755.4)
(10.7)
(1.1)
(27.2)
(2.1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts Reclassified from AOCI
 
 
 
 
$ 26.7 
$ 1.5 
$ 65.2 
$ (4.6)
$ 0 
$ 0 
$ (4.6)
$ 0 
 
 
$ 0 
$ 0 
$ 14.3 
$ 0 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preexisting ownership percentage in Starbucks Japan
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
39.50% 
 
Employee Stock Plans (Narrative) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
0 Months Ended
Jun. 28, 2015
Sep. 28, 2014
Jun. 28, 2015
Stock Options and Restricted Stock Units [Member]
Jun. 28, 2015
Employee Stock Purchase Plan [Member]
Apr. 9, 2015
Common Stock [Member]
Apr. 9, 2015
Common Stock [Member]
Class of Stock [Line Items]
 
 
 
 
 
 
Stock split conversion ratio
 
 
 
 
2 
 
Common stock, par value
$ 0.001 
$ 0.001 
 
 
 
$ 0.001 
Statement [Line Items]
 
 
 
 
 
 
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP
 
 
96.0 
14.4 
 
 
Employee Stock Plans (Stock-Based Compensation Expense Recognized in Consolidated Statement of Earnings) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
 
 
 
 
Stock-based compensation expense
$ 52.0 
$ 51.0 
$ 156.2 
$ 142.6 
Stock Options [Member]
 
 
 
 
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
 
 
 
 
Stock-based compensation expense
8.3 
9.9 
28.9 
32.4 
Restricted Stock Units (RSUs) [Member]
 
 
 
 
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
 
 
 
 
Stock-based compensation expense
$ 43.7 
$ 41.1 
$ 127.3 
$ 110.2 
Employee Stock Plans (Stock Option and RSU Transactions) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Jun. 28, 2015
Sep. 28, 2014
Stock Options [Member]
 
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
 
 
Options outstanding, September 28, 2014
 
39.6 
Granted, Stock Options
6.3 
 
Options exercised, Stock Options
(8.8)
 
Forfeited/expired, Stock Options
(1.0)
 
Options outstanding, June 28, 2015
36.1 
39.6 
Total unrecognized stock-based compensation expense, net of estimated forfeitures, Stock Options
$ 39.2 
 
Restricted Stock Units (RSUs) [Member]
 
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
 
 
Nonvested RSUs, September 28, 2014, RSUs
 
10.8 
Granted, RSUs
6.4 
 
RSUs vested, RSUs
(5.0)
 
Forfeited/expired, RSUs
(1.3)
 
Nonvested RSUs, June 28, 2015, RSUs
10.9 
10.8 
Total unrecognized stock-based compensation expense, net of estimated forfeitures, RSUs
$ 156.1 
 
Earnings Per Share (Narrative) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 0 Months Ended
Jun. 28, 2015
Sep. 28, 2014
Jun. 28, 2015
Stock Options [Member]
Jun. 29, 2014
Stock Options [Member]
Apr. 9, 2015
Common Stock [Member]
Apr. 9, 2015
Common Stock [Member]
Class of Stock [Line Items]
 
 
 
 
 
 
Stock split conversion ratio
 
 
 
 
2 
 
Common stock, par value
$ 0.001 
$ 0.001 
 
 
 
$ 0.001 
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
 
 
 
 
 
 
Out-of-the-money stock options
 
 
0 
5.9 
 
 
Earnings Per Share (Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Earnings Per Share [Abstract]
 
 
 
 
Net earnings attributable to Starbucks
$ 626.7 
$ 512.6 
$ 2,104.9 
$ 1,480.3 
Weighted average common shares outstanding (for basic calculation)
1,498.5 
1,503.5 
1,499.3 
1,507.9 
Dilutive effect of outstanding common stock options and RSUs
17.2 
18.5 
17.0 
19.9 
Weighted average common and common equivalent shares outstanding (for diluted calculation)
1,515.7 
1,522.0 
1,516.3 
1,527.8 
EPS - basic
$ 0.42 
$ 0.34 
$ 1.40 
$ 0.98 
EPS - diluted
$ 0.41 
$ 0.34 
$ 1.39 
$ 0.97 
Segment Reporting (Financial Information For Reportable Operating Segments And All Other Segments) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Segment Reporting Information [Line Items]
 
 
 
 
Total net revenues
$ 4,881.2 
$ 4,153.7 
$ 14,247.9 
$ 12,267.1 
Depreciation and amortization expenses
236.5 
180.1 
659.6 
524.2 
Income from equity investees
60.3 
72.9 
168.0 
183.9 
Operating income
938.6 
768.5 
2,631.6 
2,226.3 
Operating Segments [Member]
 
 
 
 
Segment Reporting Information [Line Items]
 
 
 
 
Total net revenues
4,881.2 
4,153.7 
14,247.9 
12,267.1 
Depreciation and amortization expenses
189.4 
150.2 
545.9 
437.0 
Income from equity investees
60.3 
72.9 
168.0 
183.9 
Operating income
1,171.6 
978.9 
3,318.1 
2,787.8 
Operating Segments [Member] |
Americas [Member]
 
 
 
 
Segment Reporting Information [Line Items]
 
 
 
 
Total net revenues
3,414.6 
3,057.7 
9,909.5 
8,939.4 
Depreciation and amortization expenses
130.8 
119.5 
386.5 
346.6 
Income from equity investees
0 
0 
0 
0 
Operating income
855.3 
728.5 
2,382.5 
2,066.0 
Operating Segments [Member] |
EMEA [Member]
 
 
 
 
Segment Reporting Information [Line Items]
 
 
 
 
Total net revenues
294.7 
323.5 
908.4 
973.0 
Depreciation and amortization expenses
12.4 
15.1 
38.9 
44.5 
Income from equity investees
0.9 
1.1 
2.1 
3.0 
Operating income
36.0 
29.2 
115.2 
80.5 
Operating Segments [Member] |
China / Asia Pacific [Member]
 
 
 
 
Segment Reporting Information [Line Items]
 
 
 
 
Total net revenues
652.7 
287.6 
1,743.6 
819.8 
Depreciation and amortization expenses
41.2 
11.3 
106.3 
33.4 
Income from equity investees
27.6 
46.3 
85.8 
116.8 
Operating income
150.0 
100.8 
370.5 
268.8 
Operating Segments [Member] |
Channel Development [Member]
 
 
 
 
Segment Reporting Information [Line Items]
 
 
 
 
Total net revenues
403.6 
375.3 
1,274.2 
1,146.8 
Depreciation and amortization expenses
0.7 
0.4 
2.0 
1.2 
Income from equity investees
31.8 
25.5 
80.1 
64.1 
Operating income
143.4 
139.3 
456.7 
385.5 
Operating Segments [Member] |
All Other Segments [Member]
 
 
 
 
Segment Reporting Information [Line Items]
 
 
 
 
Total net revenues
115.6 
109.6 
412.2 
388.1 
Depreciation and amortization expenses
4.3 
3.9 
12.2 
11.3 
Income from equity investees
0 
0 
0 
0 
Operating income
$ (13.1)
$ (18.9)
$ (6.8)
$ (13.0)
Segment Reporting (Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Operating income
$ 938.6 
$ 768.5 
$ 2,631.6 
$ 2,226.3 
Gain resulting from acquisition of joint venture
0 
0 
390.6 
0 
Interest income and other, net
25.5 
19.4 
36.6 
57.0 
Interest expense
(19.1)
(16.4)
(52.3)
(47.7)
Earnings before income taxes
945.0 
771.5 
3,006.5 
2,235.6 
Operating Segments [Member]
 
 
 
 
Operating income
1,171.6 
978.9 
3,318.1 
2,787.8 
Corporate, Non-Segment [Member]
 
 
 
 
Operating income
$ (233.0)
$ (210.4)
$ (686.5)
$ (561.5)
Subsequent Events (Narrative) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 0 Months Ended 3 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Six Point Two Five Percentage Senior Notes [Member]
Jul. 1, 2015
Subsequent Event [Member]
Six Point Two Five Percentage Senior Notes [Member]
Sep. 27, 2015
Subsequent Event [Member]
Six Point Two Five Percentage Senior Notes [Member]
Jul. 1, 2015
Subsequent Event [Member]
Six Point Two Five Percentage Senior Notes [Member]
Jun. 28, 2015
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Interest Rate Contract [Member]
Jun. 29, 2014
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Interest Rate Contract [Member]
Jun. 28, 2015
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Interest Rate Contract [Member]
Jun. 29, 2014
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Interest Rate Contract [Member]
Sep. 27, 2015
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Subsequent Event [Member]
Interest Rate Contract [Member]
Subsequent Event [Line Items]
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt extinguishment amount
 
 
 
 
 
$ 550 
 
 
 
 
 
 
 
Stated Interest Rate
 
 
 
 
6.25% 
 
 
6.25% 
 
 
 
 
 
Loss on Extinguishment of Debt
 
 
 
 
 
 
61.1 
 
 
 
 
 
 
Interest Expense
$ 19.1 
$ 16.4 
$ 52.3 
$ 47.7 
 
 
 
 
$ (1.2)
$ (1.3)
$ (3.8)
$ (3.8)
$ 2.0