STARBUCKS CORP, 10-Q filed on 1/31/2018
Quarterly Report
Document And Entity Information
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 24, 2018
Document And Entity Information [Abstract]
 
 
Document Type
10-Q 
 
Amendment Flag
false 
 
Document Period End Date
Dec. 31, 2017 
 
Document Fiscal Year Focus
2018 
 
Document Fiscal Period Focus
Q1 
 
Trading Symbol
SBUX 
 
Entity Registrant Name
STARBUCKS CORP 
 
Entity Central Index Key
0000829224 
 
Current Fiscal Year End Date
--09-30 
 
Entity Filer Category
Large Accelerated Filer 
 
Entity Common Stock, Shares Outstanding
 
1,405.6 
Condensed Consolidated Statements of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Gain (Loss) on Disposition of Business
$ 501.2 
$ 0 
Net revenues:
 
 
Total net revenues
6,073.7 
5,732.9 
Cost of sales including occupancy costs
2,502.9 
2,295.0 
Store operating expenses
1,737.0 
1,638.2 
Other operating expenses
141.6 
145.4 
Depreciation and amortization expenses
258.8 
249.7 
General and administrative expenses
379.1 
356.4 
Restructuring Charges
27.6 
0 
Total operating expenses
5,047.0 
4,684.7 
Income from equity investees
89.4 
84.4 
Operating income
1,116.1 
1,132.6 
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
1,326.3 
0 
Interest income and other, net
88.2 
24.1 
Interest expense
(25.9)
(23.8)
Earnings before income taxes
3,005.9 
1,132.9 
Income tax expense
755.8 
381.4 
Net earnings including noncontrolling interests
2,250.1 
751.5 
Net earnings/(loss) attributable to noncontrolling interests
(0.1)
(0.3)
Net earnings attributable to Starbucks
2,250.2 
751.8 
Earnings per share - basic
$ 1.58 
$ 0.52 
Earnings per share - diluted
$ 1.57 
$ 0.51 
Weighted average shares outstanding:
 
 
Basic
1,421.0 
1,457.5 
Diluted
1,434.6 
1,470.5 
Cash dividends declared per share
$ 0.30 
$ 0.25 
Company-operated stores [Member]
 
 
Net revenues:
 
 
Total net revenues
4,741.8 
4,469.3 
Licensed stores [Member]
 
 
Net revenues:
 
 
Total net revenues
682.4 
602.4 
CPG, foodservice and other [Member]
 
 
Net revenues:
 
 
Total net revenues
$ 649.5 
$ 661.2 
Condensed Consolidated Statements of Comprehensive Income (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Net earnings including noncontrolling interests
$ 2,250.1 
$ 751.5 
Other comprehensive loss, net of tax:
 
 
Other comprehensive income/(loss)
30.3 
(133.9)
Comprehensive income including noncontrolling interests
2,280.4 
617.6 
Comprehensive income/(loss) attributable to noncontrolling interests
(0.1)
(0.3)
Comprehensive income attributable to Starbucks
2,280.5 
617.9 
Available-for-sale Securities [Member]
 
 
Other comprehensive loss, net of tax:
 
 
Unrealized holding gains/(losses) on available-for-sale securities, before tax
(2.8)
(13.4)
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit
1.0 
4.1 
Cash Flow Hedging [Member]
 
 
Other comprehensive loss, net of tax:
 
 
Unrealized gains/(losses) on hedging instruments, before tax
(3.7)
113.5 
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit
0.8 
(26.5)
Net Investment Hedging [Member]
 
 
Other comprehensive loss, net of tax:
 
 
Unrealized gains/(losses) on hedging instruments, before tax
(0.3)
41.1 
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit
0.1 
(15.2)
Translation Adjustment [Member]
 
 
Other comprehensive loss, net of tax:
 
 
Translation adjustment and other, before tax
18.0 
(171.8)
Translation adjustment and other, tax (expense)/benefit
2.9 
0 
Other comprehensive income/(loss)
28.1 
(171.8)
Reclassification out of Accumulated Other Comprehensive Income [Member]
 
 
Other comprehensive loss, net of tax:
 
 
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, before tax
15.1 
(81.7)
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit)
$ (0.8)
$ 16.0 
Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2017
Oct. 1, 2017
Current assets:
 
 
Cash and cash equivalents
$ 3,661.4 
$ 2,462.3 
Short-term investments
106.6 
228.6 
Accounts receivable, net
851.8 
870.4 
Inventories
1,313.2 
1,364.0 
Prepaid expenses and other current assets
950.5 
358.1 
Total current assets
6,883.5 
5,283.4 
Long-term investments
363.5 
542.3 
Equity and cost investments
287.6 
481.6 
Property, plant and equipment, net
5,378.7 
4,919.5 
Deferred income taxes, net
157.9 
795.4 
Other long-term assets
526.3 
362.8 
Other intangible assets
1,246.2 
441.4 
Goodwill
3,674.8 
1,539.2 
TOTAL ASSETS
18,518.5 
14,365.6 
Current liabilities:
 
 
Accounts payable
852.1 
782.5 
Accrued liabilities
3,761.1 
1,934.5 
Insurance reserves
210.0 
215.2 
Stored value card liability
1,668.0 
1,288.5 
Current portion of long-term debt
349.9 
0 
Total current liabilities
6,841.1 
4,220.7 
Long-term debt
4,566.5 
3,932.6 
Other long-term liabilities
1,352.0 
755.3 
Total liabilities
12,759.6 
8,908.6 
Shareholders' equity:
 
 
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,457.2 shares and 1,460.5 shares, respectively
1.4 
1.4 
Additional paid-in capital
41.1 
41.1 
Retained earnings
5,834.9 
5,563.2 
Accumulated other comprehensive loss
(125.3)
(155.6)
Total shareholders' equity
5,752.1 
5,450.1 
Noncontrolling interests
6.8 
6.9 
Total equity
5,758.9 
5,457.0 
TOTAL LIABILITIES AND EQUITY
$ 18,518.5 
$ 14,365.6 
Condensed Consolidated Balance Sheets (Parenthetical) (USD $)
Dec. 31, 2017
Oct. 1, 2017
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
1,407,600,000 
1,431,600,000 
Common stock, shares outstanding
1,407,600,000 
1,431,600,000 
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Payable for purchase of equity in joint venture
$ 1,431.0 
$ 0 
OPERATING ACTIVITIES:
 
 
Net earnings including noncontrolling interests
2,250.1 
751.5 
Adjustments to reconcile net earnings to net cash provided by operating activities:
 
 
Depreciation and amortization
272.4 
263.2 
Deferred income taxes, net
744.8 
56.4 
Income earned from equity method investees
(66.2)
(65.3)
Distributions received from equity method investees
81.3 
39.1 
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
1,326.3 
0 
Gain resulting from sale of equity in joint venture and certain retail operations
(501.2)
0 
Stock-based compensation
61.4 
55.0 
Other
3.3 
9.3 
Cash provided by changes in operating assets and liabilities:
 
 
Accounts receivable
1.3 
(128.7)
Inventories
71.2 
146.4 
Accounts payable
28.1 
(34.7)
Stored value card liability
359.6 
425.0 
Other operating assets and liabilities
145.8 
(12.6)
Net cash provided by operating activities
1,834.0 
1,529.8 
INVESTING ACTIVITIES:
 
 
Purchases of investments
(35.2)
(323.4)
Sales of Investments
316.1 
149.6 
Maturities and calls of investments
21.3 
18.1 
Additions to property, plant and equipment
(429.3)
(307.4)
Net proceeds from purchase of equity in joint venture
129.5 
0 
Proceeds from sale of equity in joint venture
397.1 
0 
Other
(4.5)
61.6 
Net cash used by investing activities
395.0 
(401.5)
FINANCING ACTIVITIES:
 
 
Proceeds from issuance of long-term debt
998.3 
0 
Principal payments on long-term debt
0 
400.0 
Proceeds from issuance of common stock
54.3 
51.2 
Cash dividends paid
(428.1)
(364.0)
Repurchase of common stock
(1,601.0)
(408.1)
Minimum tax withholdings on share-based awards
(56.0)
(68.3)
Other
(7.2)
0.1 
Net cash used by financing activities
(1,039.7)
(1,189.1)
Effect of exchange rate changes on cash and cash equivalents
9.8 
(33.4)
Net increase/(decrease) in cash and cash equivalents
1,199.1 
(94.2)
CASH AND CASH EQUIVALENTS:
 
 
Beginning of period
2,462.3 
2,128.8 
End of period
3,661.4 
2,034.6 
Cash paid during the period for:
 
 
Interest, net of capitalized interest
38.3 
41.1 
Income taxes, net of refunds
$ 140.1 
$ 270.8 
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 December 31, 2017, and for the quarters ended December 31, 2017 and January 1, 2017, 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 quarters ended December 31, 2017 and January 1, 2017 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 October 1, 2017 is derived from our audited consolidated financial statements and notes for the fiscal year ended October 1, 2017 (“fiscal 2017”) included in Item 8 in the Fiscal 2017 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 ended December 31, 2017 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending September 30, 2018 (“fiscal 2018”).
Recent Accounting Pronouncements
In August 2017, the Financial Accounting Standards Board (“FASB”) amended its guidance on the financial reporting of hedging relationships. The new guidance eliminates the requirement to separately measure and report hedge ineffectiveness, expands permissible cash flow hedges on contractually specified components, and simplifies hedge documentation and effectiveness assessment. The guidance will be effective at the beginning of our first quarter of fiscal year 2020 and will require a modified retrospective approach on existing cash flow and net investment hedges. The presentation and disclosure requirements will be applied prospectively. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.
In October 2016, the FASB issued guidance on the accounting for income tax effects of intercompany sales or transfers of assets other than inventory. The guidance requires entities to recognize the income tax impact of an intra-entity sale or transfer of an asset other than inventory when the sale or transfer occurs, rather than when the asset has been sold to an outside party. The guidance will require a modified retrospective application with a cumulative catch-up adjustment to opening retained earnings at the beginning of our first quarter of fiscal 2019 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 March 2016, the FASB issued guidance related to stock-based compensation, which changes the accounting and classification of excess tax benefits and minimum tax withholdings on share-based awards. This guidance requires that excess tax benefits and tax deficiencies related to stock-based compensation be prospectively reflected as income tax expense in our consolidated statement of earnings instead of additional paid-in capital on our consolidated balance sheet. Additionally, within our consolidated statement of cash flows, this guidance requires excess tax benefits to be presented as an operating activity, rather than a financing activity, in the same manner as other cash flows related to income taxes. We adopted this guidance in the first quarter of fiscal 2018. The primary impact of the adoption was the recognition of excess tax benefits that reduced income tax expenses by $28.2 million for the three months ended December 31, 2017, instead of additional paid-in capital. As a result, net income increased $28.2 million and basic and diluted earnings per share increased $0.02 for the three months ended December 31, 2017. Excess tax benefits of $34.1 million, for the three months ended January 1, 2017, previously reported in financing activities have been reclassified to operating activities in the consolidated statements of cash flows.
In March 2016, the FASB issued guidance for financial liabilities resulting from selling prepaid stored value products that are redeemable at third-party merchants. Under the new guidance, expected breakage amounts associated with these products must be recognized proportionately in earnings as redemption occurs. Our current accounting policy of applying the remote method to all of our stored value cards, including cards redeemable at the third-party licensed locations, will no longer be allowed. We will adopt and implement the provisions of this guidance and the new revenue recognition standard issued by the FASB, as discussed below, in the first quarter of fiscal 2019.
In February 2016, the FASB issued guidance on the recognition and measurement of leases. Under the new guidance, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. The guidance retains the current accounting for lessors and does not make significant changes to the recognition, measurement, and presentation of expenses and cash flows by a lessee. Enhanced disclosures will also be required to give financial statement users the ability to assess the amount, timing and uncertainty of cash flows arising from leases. The guidance will require modified retrospective application at the beginning of our first quarter of fiscal 2020, with optional practical expedients, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements. We expect this adoption will result in a material increase in the assets and liabilities on our consolidated balance sheets but will likely have an insignificant impact on our consolidated statements of earnings. In preparation for the adoption of the guidance, we are in the process of implementing controls and key system changes to enable the preparation of financial information.
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. The new guidance may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. We are currently evaluating the overall impact this guidance will have on our consolidated financial statements, as well as the expected method of adoption. Based on our continued assessment, which may identify other accounting impacts, we have determined the adoption will change the timing of recognition and classification of our stored value card breakage income, which is currently recognized using the remote method and recorded in interest income and other, net. The new guidance will require application of the proportional method and classification within total net revenues on our consolidated statements of earnings. Additionally, the new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition. We will adopt this guidance in the first quarter of fiscal 2019.
Acquisitions and Divestitures
Acquisitions and Divestitures
Fiscal 2018
On December 31, 2017, we acquired the remaining 50% interest of our East China joint venture (East China) from President Chain Store (Hong Kong) Holding Ltd. and Kai Yu (BVI) collectively, “Uni- Presidents Group” or “UPG”, for approximately $1.4 billion in the form of a payable to UPG. Approximately $1.3 billion had been settled as of the date of this filing. The final purchase price and remaining payment will be determined upon finalizing East China’s full year results for calendar year 2017. Approximately $86.3 million of pre-existing liabilities owed by East China to Starbucks were effectively settled upon the acquisition. Acquiring the remaining interest of East China, which operates over 1,400 stores in the Shanghai, Jiangsu and Zhejiang Provinces, builds on the company's ongoing investment in China. The estimated fair values of the assets acquired and liabilities assumed are based on preliminary valuation as of the December 31, 2017 acquisition date and are subject to change as additional information becomes available.
Concurrently, with the purchase of our East China joint venture, we sold our 50% interest in President Starbucks Coffee Taiwan Limited, our joint venture operations in Taiwan, to UPG for approximately $177.6 million. The consideration, less associated transaction taxes, was recorded as a receivable from UPG within prepaid expenses and other current assets at December 31, 2017. Approximately $161.6 million of the proceeds have been received as of the date of this filing. The final sales price and remaining proceeds will be determined upon finalizing the Taiwan JV’s full year results for calendar year 2017.  The transaction resulted in a pre-tax gain of $153.0 million, which was included in gains from divestiture of certain operations on our consolidated statements of earnings.
The following table summarizes the preliminary allocation of the total consideration to the fair values of the assets acquired and liabilities assumed as of December 31, 2017, which are reported within our China/Asia Pacific segment (in millions):
Consideration:
 
 
Acquisition payable for UPG 50% equity interest
 
$
1,431.0

Fair value of our preexisting 50% equity interest
 
1,431.0

Settlement of pre-existing liabilities
 
86.3

Total consideration
 
$
2,948.3

 
 
 
Fair value of assets acquired and liabilities assumed:
 
 
Cash and cash equivalents
 
$
129.5

Accounts receivable, net
 
14.3

Inventories
 
18.0

Prepaid expenses and other current assets
 
20.6

Property, plant and equipment
 
256.6

Other long-term assets
 
35.7

Other intangible assets
 
818.0

Goodwill
 
2,137.1

Total assets acquired
 
3,429.8

Accounts payable
 
43.2

Accrued liabilities
 
173.8

Stored value card liability
 
18.0

Other long-term liabilities
 
246.5

Total liabilities assumed
 
481.5

Total consideration
 
$
2,948.3



The assets acquired and liabilities assumed are reported within our China/Asia Pacific segment. Other current and long-term
assets acquired primarily include lease deposits and prepaid rent. Accrued liabilities and other long-term liabilities assumed primarily include deferred income tax, dividend payable, accrued payroll, income tax payable and accrued occupancy costs.

The definite-lived intangibles primarily relate to reacquired rights to operate stores exclusively in East China. The reacquired rights of $798.0 million represent the fair value, calculated over the remaining original contractual period and will be amortized on a straight-line basis through September 2022. Amortization expense for these definite-lived intangible assets will commence in the second quarter of fiscal 2018 and estimated to be approximately $130.3 million in fiscal 2018, $173.7 million each year for the next three years and approximately $166.6 million in the final year of fiscal 2022.

The $2.1 billion of goodwill represents the intangible assets that do not qualify for separate recognition and primarily
includes the acquired customer base, the acquired workforce including store partners in the region that have strong
relationships with these customers, and the existing geographic retail and online presence. The goodwill was allocated to the China/Asia Pacific segment and is not deductible for income tax purposes.



The table below summarizes our estimated minimum future rental payments under the acquired non-cancelable operating leases as of December 31, 2017 (in millions):
 
Operating Leases
Year 1
$
69.6

Year 2
60.6

Year 3
52.2

Year 4
45.8

Year 5
37.0

Thereafter
83.5

Total minimum lease payments
$
348.7



As a result of this acquisition, we remeasured the carrying value of our preexisting 50% equity method investment to fair value, which resulted in a pre-tax gain of $1.3 billion. The gain was recorded in the first quarter of fiscal 2018 and was presented separately as gain resulting from acquisition of joint venture on our consolidated statements of earnings. The fair value of $1.4 billion was calculated using an income 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 environments impacting store performance. The discount rate applied was based on East China's weighted-average cost of capital and included company-specific and size risk premiums.
We will begin consolidating East China's results of operations and cash flows into our consolidated financial statements after December 31, 2017. For the quarter ended December 31, 2017, the business performance of East China was recorded in Income from equity investees on our consolidated statement of earnings as the transaction closed on the last day of the quarter.
The following table provides the supplemental pro forma revenue and net earnings of the combined entity had the acquisition date of East China been October 3, 2016, the first day of our first quarter of fiscal 2017, rather than the end of our first quarter of fiscal 2018 (in millions):
 
 
Pro Forma (unaudited)
 
 
Quarter Ended
 
 
Dec 31, 2017
 
Jan 1, 2017(1)
Revenue
 
$
6,344.7

 
$
5,948.0

Net earnings attributable to Starbucks
 
1,122.8

 
1,799.2


(1) 
The pro forma net earnings attributable to Starbucks for fiscal 2017 includes the acquisition-related gain of $1.3 billion, and transaction and integration costs of $3.7 million for the quarter ended December 31, 2017.
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 as well as 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 October 3, 2016. 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.
During the quarter ended December 31, 2017, we incurred approximately $2.5 million of acquisition-related costs, such as regulatory, legal, and advisory fees, which we have recorded within unallocated corporate general and administrative expenses.
On December 11, 2017, we sold the assets associated with our Tazo brand including Tazo® signature recipes, intellectual property and inventory to Unilever for a total of $383.8 million. The transaction resulted in a pre-tax gain of $347.9 million, which was included in gains from divestiture of certain operations on our consolidated statements of earnings. Results from Tazo operations prior to the sale are reported primarily in Channel Development.
Fiscal 2017
In the fourth quarter of fiscal 2017, we sold our company-operated retail store assets and operations in Singapore to Maxim's Caterers Limited, converting these operations to a fully licensed market, for a total of $119.9 million. This transaction resulted in a pre-tax gain of $83.9 million, which was included in interest income and other, net on our consolidated statements of earnings. An insignificant settlement related to the divestiture was received in the first quarter of 2018 and included in gains from divestiture of certain operations on our consolidated statements of earnings.
Note 2:
Acquisitions and Divestitures
Fiscal 2018
On December 31, 2017, we acquired the remaining 50% interest of our East China joint venture (East China) from President Chain Store (Hong Kong) Holding Ltd. and Kai Yu (BVI) collectively, “Uni- Presidents Group” or “UPG”, for approximately $1.4 billion in the form of a payable to UPG. Approximately $1.3 billion had been settled as of the date of this filing. The final purchase price and remaining payment will be determined upon finalizing East China’s full year results for calendar year 2017. Approximately $86.3 million of pre-existing liabilities owed by East China to Starbucks were effectively settled upon the acquisition. Acquiring the remaining interest of East China, which operates over 1,400 stores in the Shanghai, Jiangsu and Zhejiang Provinces, builds on the company's ongoing investment in China. The estimated fair values of the assets acquired and liabilities assumed are based on preliminary valuation as of the December 31, 2017 acquisition date and are subject to change as additional information becomes available.
Concurrently, with the purchase of our East China joint venture, we sold our 50% interest in President Starbucks Coffee Taiwan Limited, our joint venture operations in Taiwan, to UPG for approximately $177.6 million. The consideration, less associated transaction taxes, was recorded as a receivable from UPG within prepaid expenses and other current assets at December 31, 2017. Approximately $161.6 million of the proceeds have been received as of the date of this filing. The final sales price and remaining proceeds will be determined upon finalizing the Taiwan JV’s full year results for calendar year 2017.  The transaction resulted in a pre-tax gain of $153.0 million, which was included in gains from divestiture of certain operations on our consolidated statements of earnings.
The following table summarizes the preliminary allocation of the total consideration to the fair values of the assets acquired and liabilities assumed as of December 31, 2017, which are reported within our China/Asia Pacific segment (in millions):
Consideration:
 
 
Acquisition payable for UPG 50% equity interest
 
$
1,431.0

Fair value of our preexisting 50% equity interest
 
1,431.0

Settlement of pre-existing liabilities
 
86.3

Total consideration
 
$
2,948.3

 
 
 
Fair value of assets acquired and liabilities assumed:
 
 
Cash and cash equivalents
 
$
129.5

Accounts receivable, net
 
14.3

Inventories
 
18.0

Prepaid expenses and other current assets
 
20.6

Property, plant and equipment
 
256.6

Other long-term assets
 
35.7

Other intangible assets
 
818.0

Goodwill
 
2,137.1

Total assets acquired
 
3,429.8

Accounts payable
 
43.2

Accrued liabilities
 
173.8

Stored value card liability
 
18.0

Other long-term liabilities
 
246.5

Total liabilities assumed
 
481.5

Total consideration
 
$
2,948.3



The assets acquired and liabilities assumed are reported within our China/Asia Pacific segment. Other current and long-term
assets acquired primarily include lease deposits and prepaid rent. Accrued liabilities and other long-term liabilities assumed primarily include deferred income tax, dividend payable, accrued payroll, income tax payable and accrued occupancy costs.

The definite-lived intangibles primarily relate to reacquired rights to operate stores exclusively in East China. The reacquired rights of $798.0 million represent the fair value, calculated over the remaining original contractual period and will be amortized on a straight-line basis through September 2022. Amortization expense for these definite-lived intangible assets will commence in the second quarter of fiscal 2018 and estimated to be approximately $130.3 million in fiscal 2018, $173.7 million each year for the next three years and approximately $166.6 million in the final year of fiscal 2022.

The $2.1 billion of goodwill represents the intangible assets that do not qualify for separate recognition and primarily
includes the acquired customer base, the acquired workforce including store partners in the region that have strong
relationships with these customers, and the existing geographic retail and online presence. The goodwill was allocated to the China/Asia Pacific segment and is not deductible for income tax purposes.



The table below summarizes our estimated minimum future rental payments under the acquired non-cancelable operating leases as of December 31, 2017 (in millions):
 
Operating Leases
Year 1
$
69.6

Year 2
60.6

Year 3
52.2

Year 4
45.8

Year 5
37.0

Thereafter
83.5

Total minimum lease payments
$
348.7



As a result of this acquisition, we remeasured the carrying value of our preexisting 50% equity method investment to fair value, which resulted in a pre-tax gain of $1.3 billion. The gain was recorded in the first quarter of fiscal 2018 and was presented separately as gain resulting from acquisition of joint venture on our consolidated statements of earnings. The fair value of $1.4 billion was calculated using an income 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 environments impacting store performance. The discount rate applied was based on East China's weighted-average cost of capital and included company-specific and size risk premiums.
We will begin consolidating East China's results of operations and cash flows into our consolidated financial statements after December 31, 2017. For the quarter ended December 31, 2017, the business performance of East China was recorded in Income from equity investees on our consolidated statement of earnings as the transaction closed on the last day of the quarter.
The following table provides the supplemental pro forma revenue and net earnings of the combined entity had the acquisition date of East China been October 3, 2016, the first day of our first quarter of fiscal 2017, rather than the end of our first quarter of fiscal 2018 (in millions):
 
 
Pro Forma (unaudited)
 
 
Quarter Ended
 
 
Dec 31, 2017
 
Jan 1, 2017(1)
Revenue
 
$
6,344.7

 
$
5,948.0

Net earnings attributable to Starbucks
 
1,122.8

 
1,799.2


(1) 
The pro forma net earnings attributable to Starbucks for fiscal 2017 includes the acquisition-related gain of $1.3 billion, and transaction and integration costs of $3.7 million for the quarter ended December 31, 2017.
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 as well as 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 October 3, 2016. 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.
During the quarter ended December 31, 2017, we incurred approximately $2.5 million of acquisition-related costs, such as regulatory, legal, and advisory fees, which we have recorded within unallocated corporate general and administrative expenses.
On December 11, 2017, we sold the assets associated with our Tazo brand including Tazo® signature recipes, intellectual property and inventory to Unilever for a total of $383.8 million. The transaction resulted in a pre-tax gain of $347.9 million, which was included in gains from divestiture of certain operations on our consolidated statements of earnings. Results from Tazo operations prior to the sale are reported primarily in Channel Development.
Fiscal 2017
In the fourth quarter of fiscal 2017, we sold our company-operated retail store assets and operations in Singapore to Maxim's Caterers Limited, converting these operations to a fully licensed market, for a total of $119.9 million. This transaction resulted in a pre-tax gain of $83.9 million, which was included in interest income and other, net on our consolidated statements of earnings. An insignificant settlement related to the divestiture was received in the first quarter of 2018 and included in gains from divestiture of certain operations on our consolidated statements of earnings.
Derivative Financial Instruments
Derivative Financial Instruments
Derivative Financial Instruments
Interest Rates
We are subject to interest rate volatility with regard to existing and future issuances of debt. From time to time, we enter into swap agreements to manage our exposure to interest rate fluctuations.
To hedge the variability in cash flows due to changes in benchmark interest rates, we enter into interest rate swap agreements 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.
To hedge the exposure to changes in the fair value of our fixed-rate debt, we enter into interest rate swap agreements, which are designated as fair value hedges. The changes in fair values of these derivative instruments and the offsetting changes in fair values of the underlying hedged debt are recorded in interest expense and have an insignificant impact on our condensed consolidated statement of earnings. Refer to Note 7, Debt, for additional information on our long-term debt.
Foreign Currency
To reduce cash flow volatility from foreign currency fluctuations, we enter into forward and swap contracts to hedge portions of cash flows of anticipated intercompany royalty payments, inventory purchases, and intercompany borrowing and lending activities. The effective portion of the derivative's gain or loss is recorded in AOCI and is subsequently reclassified to revenue, cost of sales including occupancy costs, or interest income and other, net, respectively, when the hedged exposure affects net earnings.  
From time to time, we enter into forward contracts or use foreign currency-denominated debt to hedge the currency exposure of our net investment in certain international operations. The effective portion of these instruments' gain or loss is recorded in AOCI and is subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated.
Foreign currency forward and swap contracts not designated as hedging instruments are used to mitigate the foreign exchange risk of certain other balance sheet items. Gains and losses from these derivatives are largely offset by the financial impact of translating foreign currency denominated payables and receivables; these gains and losses are recorded in interest income and other, net.
Commodities
Depending on market conditions, we may enter into coffee 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 including occupancy costs when the hedged exposure affects net earnings.
To mitigate the price uncertainty of a portion of our future purchases, primarily of dairy products, diesel fuel and other commodities, we enter into swap contracts, futures and collars that are not designated as hedging instruments. Gains and losses from these derivatives are recorded in interest income and other, net to help offset price fluctuations on our beverage, food, packaging and transportation costs, which are included in cost of sales including occupancy costs on our consolidated statements of earnings.
Gains and losses on derivative contracts and foreign currency-denominated debt designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
 
Net Gains/(Losses)
Included in AOCI
 
Net Gains Expected to be Reclassified from AOCI into Earnings within 12 Months
 
Outstanding Contract/Debt Remaining Maturity
(Months)
 
Dec 31,
2017
 
Oct 1,
2017
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
16.8

 
$
17.6

 
$
3.0

 
0
Cross-currency swaps
(7.5
)
 
(6.0
)
 
—

 
83
Foreign currency - other
(8.2
)
 
(9.1
)
 
(5.8
)
 
36
Coffee
(2.3
)
 
(6.6
)
 
(2.3
)
 
3
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
16.1

 
16.2

 
—

 
0
Foreign currency debt
(2.4
)
 
(2.2
)
 
—

 
76

Pretax gains and losses on derivative contracts and foreign-denominated long-term debt designated as hedging instruments recognized in other comprehensive income (“OCI”) and reclassifications from AOCI to earnings (in millions):
 
Quarter Ended
 
Gains/(Losses)
Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from
AOCI to Earnings
 
Dec 31,
2017
 
Jan 1,
2017
 
Dec 31,
2017
 
Jan 1,
2017
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
—

 
$
—

 
$
1.2

 
$
1.2

Cross-currency swaps
(2.4
)
 
75.3

 
(0.5
)
 
77.6

Foreign currency - other
(1.3
)
 
37.2

 
(2.8
)
 
4.4

Coffee
—

 
1.0

 
(4.7
)
 
(0.7
)
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
(0.3
)
 
41.1

 
0.1

 
—

Foreign currency debt
—

 
—

 
—

 
—


Pretax gains and losses on non-designated derivatives and designated fair value hedging instruments recognized in earnings (in millions):
 
Gains/(Losses) Recognized in Earnings
 
Quarter Ended
 
Dec 31, 2017
 
Jan 1, 2017
Non-Designated Derivatives:
 
 
 
Foreign currency - other
$
3.7

 
$
8.3

Dairy
(2.1
)
 
5.1

Diesel fuel and other commodities
1.4

 
0.2

Designated Fair Value Hedging Instruments:
 
 
 
Interest rate swap
(7.5
)
 
—


Notional amounts of outstanding derivative contracts (in millions):
 
Dec 31, 2017
 
Oct 1, 2017
Interest rate swap
$
750

 
$
750

Cross-currency swaps
$
495

 
$
514

Foreign currency - other
998

 
901

Dairy
57

 
14

Diesel fuel and other commodities
13

 
41


Fair value of outstanding derivative contracts (in millions):
 
Derivative Assets
 
Derivative Liabilities
 
Dec 31, 2017
 
Oct 1, 2017
 
Dec 31, 2017
 
Oct 1, 2017
Designated Derivative Instruments:
 
 
 
 
 
 
 
Cross-currency swaps
$
10.0

 
$
12.4

 
$
9.9

 
$
9.8

Foreign currency - other
6.4

 
7.7

 
18.0

 
20.8

Net investment hedges
—

 
0.3

 
—

 
—

Interest rate swap
—

 
—

 
11.6

 
3.8

Non-designated Derivative Instruments:
 
 
 
 
 
 
 
Foreign currency
21.2

 
15.8

 
4.1

 
1.4

Dairy
—

 
—

 
3.8

 
2.4

Diesel fuel and other commodities
2.7

 
1.6

 
0.8

 
0.3


Additional disclosures related to cash flow gains and losses included in AOCI, 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
Dec 31, 2017
 
Quoted Prices
in Active
Markets for 
Identical Assets
(Level 1)
 
Significant 
Other Observable 
Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
3,661.4

 
$
3,661.4

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Corporate debt securities
14.9

 
—

 
14.9

 
—

U.S. government treasury securities
10.5

 
10.5

 
—

 
—

Total available-for-sale securities
25.4

 
10.5

 
14.9

 
—

Trading securities
81.2

 
81.2

 
—

 
—

Total short-term investments
106.6

 
91.7

 
14.9

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
24.1

 
—

 
24.1

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
8.5

 
—

 
8.5

 
—

Corporate debt securities
165.9

 
—

 
165.9

 
—

Auction rate securities
5.9

 
—

 
—

 
5.9

Foreign government obligations
12.0

 
—

 
12.0

 
—

U.S. government treasury securities
112.1

 
112.1

 
—

 
—

State and local government obligations
7.0

 
—

 
7.0

 
—

Mortgage and other asset-backed securities
52.1

 
—

 
52.1

 
—

Total long-term investments
363.5

 
112.1

 
245.5

 
5.9

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
16.2

 
—

 
16.2

 
—

Total assets
$
4,171.8

 
$
3,865.2

 
$
300.7

 
$
5.9

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
20.8

 
$
4.6

 
$
16.2

 
$
—

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
27.4

 
—

 
27.4

 
—

Total liabilities
$
48.2

 
$
4.6

 
$
43.6

 
$
—


 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at
Oct 1, 2017
 
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
$
2,462.3

 
$
2,462.3

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
7.5

 
—

 
7.5

 
—

Commercial paper
2.0

 
—

 
2.0

 
—

Corporate debt securities
49.4

 
—

 
49.4

 
—

Foreign government obligations
7.1

 
—

 
7.1

 
—

U.S. government treasury securities
81.4

 
81.4

 
—

 
—

State and local government obligations
2.0

 
—

 
2.0

 
—

Certificates of deposit
2.3

 
—

 
2.3

 
—

Total available-for-sale securities
151.7

 
81.4

 
70.3

 
—

Trading securities
76.9

 
76.9

 
—

 
—

Total short-term investments
228.6

 
158.3

 
70.3

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
13.4

 
0.1

 
13.3

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
21.8

 
—

 
21.8

 
—

Corporate debt securities
207.4

 
—

 
207.4

 
—

Auction rate securities
5.9

 
—

 
—

 
5.9

Foreign government obligations
17.1

 
—

 
17.1

 
—

U.S. government treasury securities
127.4

 
127.4

 
—

 
—

State and local government obligations
7.0

 
—

 
7.0

 
—

Mortgage and other asset-backed securities
155.7

 
—

 
155.7

 
—

Total long-term investments
542.3

 
127.4

 
409.0

 
5.9

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
24.4

 
—

 
24.4

 
—

Total assets
$
3,271.0

 
$
2,748.1

 
$
517.0

 
$
5.9

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
16.4

 
$
2.5

 
$
13.9

 
$
—

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
22.1

 
—

 
22.1

 
—

Total
$
38.5

 
$
2.5

 
$
36.0

 
$
—


There were no material transfers between levels, and there was no significant activity within Level 3 instruments during the periods presented. The fair values of any financial instruments presented above exclude the impact of netting assets and liabilities when a legally enforceable master netting agreement exists.
Gross unrealized holding gains and losses on investments were not material as of December 31, 2017 and October 1, 2017.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets and liabilities recognized or disclosed at fair value on the condensed 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 quarters ended December 31, 2017 and January 1, 2017, 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)
 
Dec 31, 2017
 
Oct 1, 2017
 
Jan 1, 2017
Coffee:
 
 
 
 
 
Unroasted
$
559.9

 
$
541.0

 
$
550.5

Roasted
283.9

 
301.1

 
255.7

Other merchandise held for sale
260.6

 
301.1

 
256.2

Packaging and other supplies
208.8

 
220.8

 
156.3

Total
$
1,313.2

 
$
1,364.0

 
$
1,218.7

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 December 31, 2017, we had committed to purchasing green coffee totaling $762 million under fixed-price contracts and an estimated $369 million under price-to-be-fixed contracts. As of December 31, 2017, none of our price-to-be fixed contracts were effectively fixed through the use of futures contracts. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period, and other negotiated terms are agreed upon, but the date, and therefore the price, at which the base “C” coffee commodity price component will be fixed has not yet been established. For most contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. For other contracts, Starbucks and the seller may agree upon pricing parameters determined by the base “C” coffee commodity price. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on 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)

Prepaid Expenses and Other Current Assets
 
Dec 31, 2017
 
Oct 1, 2017
Receivable from Taiwan divestiture
$
177.1

 
$
—

Income tax receivable
438.4

 
68.0

Other prepaid expenses and current assets
335.0

 
290.1

Total prepaid expenses and current assets
$
950.5

 
$
358.1


Property, Plant and Equipment, net
 
Dec 31, 2017
 
Oct 1, 2017
Land
$
46.9

 
$
46.9

Buildings
487.2

 
481.7

Leasehold improvements
6,844.0

 
6,401.0

Store equipment
2,234.3

 
2,110.7

Roasting equipment
622.0

 
619.8

Furniture, fixtures and other
1,599.2

 
1,514.1

Work in progress
395.8

 
409.8

Property, plant and equipment, gross
12,229.4

 
11,584.0

Accumulated depreciation
(6,850.7
)
 
(6,664.5
)
Property, plant and equipment, net
$
5,378.7

 
$
4,919.5



Accrued Liabilities
 
Dec 31, 2017
 
Oct 1, 2017
Accrued compensation and related costs
$
535.2

 
$
524.5

Accrued occupancy costs
178.4

 
151.3

Accrued taxes
421.5

 
226.6

Accrued dividends payable
422.3

 
429.5

Accrued capital and other operating expenditures
772.7

 
602.6

Payable for East China Acquisition
1,431.0

 
—

Total accrued liabilities
$
3,761.1

 
$
1,934.5

Debt
Debt
Debt
Short-term Debt
Under our commercial paper program, we may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $3 billion, with individual maturities that may vary but not exceed 397 days from the date of issue. Amounts outstanding under the commercial paper program are required to be backstopped by available commitments under our credit facility. The proceeds from borrowings under our commercial paper program may be used for working capital needs, capital expenditures and other corporate purposes, including, but not limited to, business expansion, payment of cash dividends on our common stock and share repurchases. As of December 31, 2017, we had no borrowings outstanding under the program.
Long-term Debt
Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):
 
Dec 31, 2017
 
Oct 1, 2017
 
Stated Interest Rate
Effective Interest Rate (1)
Issuance
Amount
Estimated Fair Value
 
Amount
Estimated Fair Value
 
2018 notes
350.0

350

 
350.0

352

 
2.000
%
2.012
%
2020 notes(2)
500.0

500

 
—

—

 
2.200
%
2.228
%
2021 notes
500.0

497

 
500.0

501

 
2.100
%
2.293
%
2021 notes
250.0

248

 
250.0

250

 
2.100
%
1.600
%
2022 notes
500.0

504

 
500.0

508

 
2.700
%
2.819
%
2023 notes
750.0

796

 
750.0

806

 
3.850
%
2.859
%
2024 notes (3)
755.3

762

 
755.3

760

 
0.372
%
0.462
%
2026 notes
500.0

480

 
500.0

481

 
2.450
%
2.511
%
2045 notes
350.0

387

 
350.0

381

 
4.300
%
4.348
%
2047 notes(2)
500.0

509

 
—

—

 
3.750
%
3.765
%
Total
4,955.3

5,033

 
3,955.3

4,039

 
 
 
Aggregate debt issuance costs and unamortized premium, net
(26.1
)
 
 
(17.5
)
 
 
 
 
Hedge accounting fair value adjustment (4)
(12.8
)
 
 
(5.2
)
 
 
 
 
Total
$
4,916.4

 
 
$
3,932.6

 
 
 
 
(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.
(2) 
Issued in November 2017.
(3) 
Japanese yen-denominated long-term debt.
(4) 
Amount represents the change in fair value due to changes in benchmark interest rates related to our 2023 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge.
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 December 31, 2017, we were in compliance with all applicable covenants.
The following table summarizes our long-term debt maturities as of December 31, 2017 by fiscal year (in millions):
Fiscal Year
Total
2019
$
350.0

2020
—

2021
1,250.0

2022
500.0

2023
—

Thereafter
2,855.3

Total
$
4,955.3

Equity
Equity
Changes in total equity (in millions):
 
Quarter Ended
 
Dec 31, 2017
 
Jan 1, 2017
 
Attributable to Starbucks
 
Noncontrolling interests
 
Total Equity
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
Beginning balance of total equity
$
5,450.1

 
$
6.9

 
$
5,457.0

 
$
5,884.0

 
$
6.7

 
$
5,890.7

Net earnings including noncontrolling interests
2,250.2

 
(0.1
)
 
2,250.1

 
751.8

 
(0.3
)
 
751.5

Translation adjustment and other, net of reclassifications and tax
28.1

 
—

 
28.1

 
(171.8
)
 
—

 
(171.8
)
Unrealized gains/(losses), net of reclassifications and tax
2.2

 
—

 
2.2

 
37.9

 
—

 
37.9

Other comprehensive income/(loss)
30.3

 
—

 
30.3

 
(133.9
)
 
—

 
(133.9
)
Stock-based compensation expense
62.2

 
—

 
62.2

 
55.7

 
—

 
55.7

Exercise of stock options/vesting of RSUs
(9.1
)
 
—

 
(9.1
)
 
8.8

 
—

 
8.8

Sale of common stock
7.4

 
—

 
7.4

 
7.0

 
—

 
7.0

Repurchase of common stock
(1,618.2
)
 
—

 
(1,618.2
)
 
(413.7
)
 
—

 
(413.7
)
Cash dividends declared
(420.8
)
 
—

 
(420.8
)
 
(363.1
)
 
—

 
(363.1
)
Ending balance of total equity
$
5,752.1

 
$
6.8

 
$
5,758.9

 
$
5,796.6

 
$
6.5

 
$
5,803.1


Changes in AOCI by component, net of tax (in millions):
Quarter Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
December 31, 2017
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(2.5
)
 
$
(4.1
)
 
$
14.0

 
$
(163.0
)
 
$
(155.6
)
Net gains/(losses) recognized in OCI before reclassifications
(1.8
)
 
(2.9
)
 
(0.2
)
 
20.9

 
16.0

Net (gains)/losses reclassified from AOCI to earnings
1.3

 
5.9

 
(0.1
)
 
7.2

 
14.3

Other comprehensive income/(loss) attributable to Starbucks
(0.5
)
 
3.0

 
(0.3
)
 
28.1

 
30.3

Net gains/(losses) in AOCI, end of period
$
(3.0
)
 
$
(1.1
)
 
$
13.7

 
$
(134.9
)
 
$
(125.3
)
 
 
 
 
 
 
 
 
 
 
January 1, 2017
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
1.1

 
$
10.9

 
$
1.3

 
$
(121.7
)
 
$
(108.4
)
Net gains/(losses) recognized in OCI before reclassifications
(9.3
)
 
87.0

 
25.9

 
(171.8
)
 
(68.2
)
Net (gains)/losses reclassified from AOCI to earnings
0.6

 
(66.3
)
 
—

 
—

 
(65.7
)
Other comprehensive income/(loss) attributable to Starbucks
(8.7
)
 
20.7

 
25.9

 
(171.8
)
 
(133.9
)
Net gains/(losses) in AOCI, end of period
$
(7.6
)
 
$
31.6

 
$
27.2

 
$
(293.5
)
 
$
(242.3
)
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
 
Dec 31, 2017
 
Jan 1, 2017
 
Gains/(losses) on available-for-sale securities
 
$
(1.7
)
 
$
(0.8
)
 
Interest income and other, net
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
1.2

 
1.2

 
Interest expense
Cross-currency swaps
 
(0.5
)
 
77.6

 
Interest income and other, net
Foreign currency hedges
 
(0.4
)
 
1.3

 
Revenues
Foreign currency/coffee hedges
 
(7.1
)
 
2.4

 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges
 
0.1

 
—

 
 
Translation adjustment
 
 
 
 
 
 
East China joint venture
 
(7.2
)
 
—

 
Gain resulting from acquisition of joint venture
Taiwan joint venture
 
(1.4
)
 
—

 
Gains resulting from divestiture of certain operations
Other
 
1.9

 
—

 
Interest income and other, net
 
 
(15.1
)
 
81.7

 
Total before tax
 
 
0.8

 
(16.0
)
 
Tax benefit
 
 
$
(14.3
)
 
$
65.7

 
Net of tax

In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of December 31, 2017.
We repurchased 28.5 million shares of common stock at a total cost of $1.6 billion, and 7.6 million shares at a total cost of $413.7 million for the quarters ended December 31, 2017 and January 1, 2017, respectively. As of December 31, 2017, 51.8 million shares remained available for repurchase under current authorizations.
During the first quarter of fiscal 2018, our Board of Directors declared a quarterly cash dividend to shareholders of $0.30 per share to be paid on February 23, 2018 to shareholders of record as of the close of business on February 8, 2018.
Employee Stock Plans
Employee Stock Plans
Employee Stock Plans
As of December 31, 2017, there were 58.6 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 13.2 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
 
Dec 31, 2017
 
Jan 1, 2017
Options
$
14.2

 
$
14.9

Restricted Stock Units (“RSUs”)
47.2

 
40.1

Total stock-based compensation expense
$
61.4

 
$
55.0


Stock option and RSU transactions from October 1, 2017 through December 31, 2017 (in millions):
 
 
Stock Options
 
RSUs
Options outstanding/Nonvested RSUs, October 1, 2017
31.4

 
7.6

Granted
3.6

 
5.8

Options exercised/RSUs vested
(2.5
)
 
(2.8
)
Forfeited/expired
(0.3
)
 
(0.3
)
Options outstanding/Nonvested RSUs, December 31, 2017
32.2

 
10.3

Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of December 31, 2017
$
49.8

 
$
279.9

Income Taxes
Income Taxes
Income Taxes
Our tax provision is determined using an estimated annual effective tax rate and adjusted for discrete taxable events that may occur during the quarter. We recognize the effects of tax legislation in the period in which the law is enacted. Our deferred tax assets and liabilities are remeasured using enacted tax rates expected to apply to taxable income in the years we estimate the related temporary differences to reverse.
On December 22, 2017, the President of the United States signed and enacted comprehensive tax legislation into law H.R. 1, commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). Except for certain provisions, the Tax Act is effective for tax years beginning on or after January 1, 2018. As a fiscal year U.S. taxpayer, the majority of the provisions will apply to our fiscal 2019, such as eliminating the domestic manufacturing deduction, creating new taxes on certain foreign sourced income and introducing new limitations on certain business deductions. For fiscal 2018 and effective in the first fiscal quarter, the most significant impacts include: lowering of the U.S. federal corporate income tax rate; remeasuring certain net deferred tax liabilities; and requiring the transition tax on the deemed repatriation of certain foreign earnings. The phase in of the lower corporate income tax rate resulted in a blended rate of 24.5% for fiscal 2018, as compared to the previous 35%. The tax rate will be reduced to 21% in subsequent fiscal years. In the first quarter of fiscal 2018, we recorded $77 million net income tax benefit for the provisional remeasurement of certain deferred taxes and related amounts. Additionally, we recorded a provisional $212 million of income tax expense for the estimated effects of the transition tax, net of adjustments related to uncertain tax positions.
Based on our current interpretation of the Tax Act, we made reasonable estimates to record provisional adjustments during the first quarter of fiscal 2018, as described above. Collectively, these items did not have a material impact to our condensed consolidated financial statements. Since we are still accumulating and processing data to finalize the underlying calculations and expect regulators to issue further guidance, among other things, we believe our estimates may change during fiscal 2018. We continue to refine such amounts within the measurement period allowed, which will be completed no later than the first quarter of fiscal 2019.
Earnings Per Share
Earnings Per Share
Earnings per Share
Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
 
Quarter Ended
 
Dec 31, 2017
 
Jan 1, 2017
Net earnings attributable to Starbucks
$
2,250.2

 
$
751.8

Weighted average common shares outstanding (for basic calculation)
1,421.0

 
1,457.5

Dilutive effect of outstanding common stock options and RSUs
13.6

 
13.0

Weighted average common and common equivalent shares outstanding (for diluted calculation)
1,434.6

 
1,470.5

EPS — basic
$
1.58

 
$
0.52

EPS — diluted
$
1.57

 
$
0.51


Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and nonvested) 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. Out-of-the-money stock options totaled approximately 5.0 million and 8.6 million as of December 31, 2017 and January 1, 2017, respectively.
Segment Reporting
Segment Reporting
Segment Reporting
Our chief executive officer and executive chairman 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
 
China/
Asia Pacific
 
EMEA
 
Channel
Development
 
All Other Segments
 
Segment
Total
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
4,265.8

 
$
843.7

 
$
283.9

 
$
560.3

 
$
120.0

 
$
6,073.7

Depreciation and amortization expenses
158.0

 
53.7

 
7.7

 
0.5

 
0.7

 
220.6

Income from equity investees
—

 
50.7

 
—

 
38.7

 
—

 
89.4

Operating income/(loss)
979.4

 
196.8

 
39.1

 
243.3

 
(30.0
)
 
1,428.6

 
 
 
 
 
 
 
 
 
 
 
 
January 1, 2017
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
3,991.4

 
$
770.8

 
$
262.4

 
$
553.7

 
$
154.6

 
$
5,732.9

Depreciation and amortization expenses
152.4

 
48.6

 
7.6

 
0.6

 
2.9

 
212.1

Income from equity investees
—

 
42.5

 
—

 
41.9

 
—

 
84.4

Operating income/(loss)
958.5

 
163.4

 
44.1

 
242.9

 
9.6

 
1,418.5

All Other Segments includes our Teavana business, and fiscal 2018 results reflect the strategy to close Teavana-branded retail stores announced in fiscal 2017 to focus on sales of premium Teavana™ tea products at Starbucks branded stores and, to a lesser extent, consumer product channels. The existing portfolio of Teavana stores are expected to be closed during fiscal 2018. Lease exit costs associated with our restructuring efforts will be recognized concurrently with either actual store closures or upon reaching a lease termination agreement with the landlord. Total lease exit costs are expected to be approximately $143.2 million of which $16.6 million and $0.0 million were recorded within restructuring expenses on the consolidated statement of earnings in the first quarter of 2018 and 2017, respectively. Previously recorded lease exit costs recorded within restructuring expenses for fiscal year 2017 were $15.7 million.
Reconciliation of total segment operating income to consolidated earnings before income taxes (in millions):
 
Quarter Ended
 
Dec 31, 2017
 
Jan 1, 2017
Total segment operating income
$
1,428.6

 
$
1,418.5

Unallocated corporate operating expenses
(312.5
)
 
(285.9
)
Consolidated operating income
1,116.1

 
1,132.6

Gain resulting from acquisition of joint venture
1,326.3

 
—

Gains resulting from divestiture of certain operations
501.2

 
—

Interest income and other, net
88.2

 
24.1

Interest expense
(25.9
)
 
(23.8
)
Earnings before income taxes
$
3,005.9

 
$
1,132.9

Summary of Significant Accounting Policies Summary of Significant Policies (Policies)
Recent Accounting Pronouncements
Recent Accounting Pronouncements
In August 2017, the Financial Accounting Standards Board (“FASB”) amended its guidance on the financial reporting of hedging relationships. The new guidance eliminates the requirement to separately measure and report hedge ineffectiveness, expands permissible cash flow hedges on contractually specified components, and simplifies hedge documentation and effectiveness assessment. The guidance will be effective at the beginning of our first quarter of fiscal year 2020 and will require a modified retrospective approach on existing cash flow and net investment hedges. The presentation and disclosure requirements will be applied prospectively. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.
In October 2016, the FASB issued guidance on the accounting for income tax effects of intercompany sales or transfers of assets other than inventory. The guidance requires entities to recognize the income tax impact of an intra-entity sale or transfer of an asset other than inventory when the sale or transfer occurs, rather than when the asset has been sold to an outside party. The guidance will require a modified retrospective application with a cumulative catch-up adjustment to opening retained earnings at the beginning of our first quarter of fiscal 2019 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 March 2016, the FASB issued guidance related to stock-based compensation, which changes the accounting and classification of excess tax benefits and minimum tax withholdings on share-based awards. This guidance requires that excess tax benefits and tax deficiencies related to stock-based compensation be prospectively reflected as income tax expense in our consolidated statement of earnings instead of additional paid-in capital on our consolidated balance sheet. Additionally, within our consolidated statement of cash flows, this guidance requires excess tax benefits to be presented as an operating activity, rather than a financing activity, in the same manner as other cash flows related to income taxes. We adopted this guidance in the first quarter of fiscal 2018. The primary impact of the adoption was the recognition of excess tax benefits that reduced income tax expenses by $28.2 million for the three months ended December 31, 2017, instead of additional paid-in capital. As a result, net income increased $28.2 million and basic and diluted earnings per share increased $0.02 for the three months ended December 31, 2017. Excess tax benefits of $34.1 million, for the three months ended January 1, 2017, previously reported in financing activities have been reclassified to operating activities in the consolidated statements of cash flows.
In March 2016, the FASB issued guidance for financial liabilities resulting from selling prepaid stored value products that are redeemable at third-party merchants. Under the new guidance, expected breakage amounts associated with these products must be recognized proportionately in earnings as redemption occurs. Our current accounting policy of applying the remote method to all of our stored value cards, including cards redeemable at the third-party licensed locations, will no longer be allowed. We will adopt and implement the provisions of this guidance and the new revenue recognition standard issued by the FASB, as discussed below, in the first quarter of fiscal 2019.
In February 2016, the FASB issued guidance on the recognition and measurement of leases. Under the new guidance, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. The guidance retains the current accounting for lessors and does not make significant changes to the recognition, measurement, and presentation of expenses and cash flows by a lessee. Enhanced disclosures will also be required to give financial statement users the ability to assess the amount, timing and uncertainty of cash flows arising from leases. The guidance will require modified retrospective application at the beginning of our first quarter of fiscal 2020, with optional practical expedients, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements. We expect this adoption will result in a material increase in the assets and liabilities on our consolidated balance sheets but will likely have an insignificant impact on our consolidated statements of earnings. In preparation for the adoption of the guidance, we are in the process of implementing controls and key system changes to enable the preparation of financial information.
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. The new guidance may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. We are currently evaluating the overall impact this guidance will have on our consolidated financial statements, as well as the expected method of adoption. Based on our continued assessment, which may identify other accounting impacts, we have determined the adoption will change the timing of recognition and classification of our stored value card breakage income, which is currently recognized using the remote method and recorded in interest income and other, net. The new guidance will require application of the proportional method and classification within total net revenues on our consolidated statements of earnings. Additionally, the new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition. We will adopt this guidance in the first quarter of fiscal 2019.
Acquisitions and Divestitures Acquisitions and Divestitures (Tables)
Schedule of future minimum rental payments 
The table below summarizes our estimated minimum future rental payments under the acquired non-cancelable operating leases as of December 31, 2017 (in millions):
 
Operating Leases
Year 1
$
69.6

Year 2
60.6

Year 3
52.2

Year 4
45.8

Year 5
37.0

Thereafter
83.5

Total minimum lease payments
$
348.7

Schedule of pro forma information 
The following table provides the supplemental pro forma revenue and net earnings of the combined entity had the acquisition date of East China been October 3, 2016, the first day of our first quarter of fiscal 2017, rather than the end of our first quarter of fiscal 2018 (in millions):
 
 
Pro Forma (unaudited)
 
 
Quarter Ended
 
 
Dec 31, 2017
 
Jan 1, 2017(1)
Revenue
 
$
6,344.7

 
$
5,948.0

Net earnings attributable to Starbucks
 
1,122.8

 
1,799.2

Schedule of recognized identified assets acquired and liabilities assumed 
The following table summarizes the preliminary allocation of the total consideration to the fair values of the assets acquired and liabilities assumed as of December 31, 2017, which are reported within our China/Asia Pacific segment (in millions):
Consideration:
 
 
Acquisition payable for UPG 50% equity interest
 
$
1,431.0

Fair value of our preexisting 50% equity interest
 
1,431.0

Settlement of pre-existing liabilities
 
86.3

Total consideration
 
$
2,948.3

 
 
 
Fair value of assets acquired and liabilities assumed:
 
 
Cash and cash equivalents
 
$
129.5

Accounts receivable, net
 
14.3

Inventories
 
18.0

Prepaid expenses and other current assets
 
20.6

Property, plant and equipment
 
256.6

Other long-term assets
 
35.7

Other intangible assets
 
818.0

Goodwill
 
2,137.1

Total assets acquired
 
3,429.8

Accounts payable
 
43.2

Accrued liabilities
 
173.8

Stored value card liability
 
18.0

Other long-term liabilities
 
246.5

Total liabilities assumed
 
481.5

Total consideration
 
$
2,948.3

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 and foreign currency-denominated debt designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
 
Net Gains/(Losses)
Included in AOCI
 
Net Gains Expected to be Reclassified from AOCI into Earnings within 12 Months
 
Outstanding Contract/Debt Remaining Maturity
(Months)
 
Dec 31,
2017
 
Oct 1,
2017
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
16.8

 
$
17.6

 
$
3.0

 
0
Cross-currency swaps
(7.5
)
 
(6.0
)
 
—

 
83
Foreign currency - other
(8.2
)
 
(9.1
)
 
(5.8
)
 
36
Coffee
(2.3
)
 
(6.6
)
 
(2.3
)
 
3
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
16.1

 
16.2

 
—

 
0
Foreign currency debt
(2.4
)
 
(2.2
)
 
—

 
76
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 and foreign-denominated long-term debt designated as hedging instruments recognized in other comprehensive income (“OCI”) and reclassifications from AOCI to earnings (in millions):
 
Quarter Ended
 
Gains/(Losses)
Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from
AOCI to Earnings
 
Dec 31,
2017
 
Jan 1,
2017
 
Dec 31,
2017
 
Jan 1,
2017
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
—

 
$
—

 
$
1.2

 
$
1.2

Cross-currency swaps
(2.4
)
 
75.3

 
(0.5
)
 
77.6

Foreign currency - other
(1.3
)
 
37.2

 
(2.8
)
 
4.4

Coffee
—

 
1.0

 
(4.7
)
 
(0.7
)
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
(0.3
)
 
41.1

 
0.1

 
—

Foreign currency debt
—

 
—

 
—

 
—

Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings 
Pretax gains and losses on non-designated derivatives and designated fair value hedging instruments recognized in earnings (in millions):
 
Gains/(Losses) Recognized in Earnings
 
Quarter Ended
 
Dec 31, 2017
 
Jan 1, 2017
Non-Designated Derivatives:
 
 
 
Foreign currency - other
$
3.7

 
$
8.3

Dairy
(2.1
)
 
5.1

Diesel fuel and other commodities
1.4

 
0.2

Designated Fair Value Hedging Instruments:
 
 
 
Interest rate swap
(7.5
)
 
—

Notional Amounts of Outstanding Derivative Contracts 
Notional amounts of outstanding derivative contracts (in millions):
 
Dec 31, 2017
 
Oct 1, 2017
Interest rate swap
$
750

 
$
750

Cross-currency swaps
$
495

 
$
514

Foreign currency - other
998

 
901

Dairy
57

 
14

Diesel fuel and other commodities
13

 
41

Fair Value of Outstanding Derivative Contracts 
Fair value of outstanding derivative contracts (in millions):
 
Derivative Assets
 
Derivative Liabilities
 
Dec 31, 2017
 
Oct 1, 2017
 
Dec 31, 2017
 
Oct 1, 2017
Designated Derivative Instruments:
 
 
 
 
 
 
 
Cross-currency swaps
$
10.0

 
$
12.4

 
$
9.9

 
$
9.8

Foreign currency - other
6.4

 
7.7

 
18.0

 
20.8

Net investment hedges
—

 
0.3

 
—

 
—

Interest rate swap
—

 
—

 
11.6

 
3.8

Non-designated Derivative Instruments:
 
 
 
 
 
 
 
Foreign currency
21.2

 
15.8

 
4.1

 
1.4

Dairy
—

 
—

 
3.8

 
2.4

Diesel fuel and other commodities
2.7

 
1.6

 
0.8

 
0.3

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
Dec 31, 2017
 
Quoted Prices
in Active
Markets for 
Identical Assets
(Level 1)
 
Significant 
Other Observable 
Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
3,661.4

 
$
3,661.4

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Corporate debt securities
14.9

 
—

 
14.9

 
—

U.S. government treasury securities
10.5

 
10.5

 
—

 
—

Total available-for-sale securities
25.4

 
10.5

 
14.9

 
—

Trading securities
81.2

 
81.2

 
—

 
—

Total short-term investments
106.6

 
91.7

 
14.9

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
24.1

 
—

 
24.1

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
8.5

 
—

 
8.5

 
—

Corporate debt securities
165.9

 
—

 
165.9

 
—

Auction rate securities
5.9

 
—

 
—

 
5.9

Foreign government obligations
12.0

 
—

 
12.0

 
—

U.S. government treasury securities
112.1

 
112.1

 
—

 
—

State and local government obligations
7.0

 
—

 
7.0

 
—

Mortgage and other asset-backed securities
52.1

 
—

 
52.1

 
—

Total long-term investments
363.5

 
112.1

 
245.5

 
5.9

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
16.2

 
—

 
16.2

 
—

Total assets
$
4,171.8

 
$
3,865.2

 
$
300.7

 
$
5.9

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
20.8

 
$
4.6

 
$
16.2

 
$
—

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
27.4

 
—

 
27.4

 
—

Total liabilities
$
48.2

 
$
4.6

 
$
43.6

 
$
—


 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at
Oct 1, 2017
 
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
$
2,462.3

 
$
2,462.3

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
7.5

 
—

 
7.5

 
—

Commercial paper
2.0

 
—

 
2.0

 
—

Corporate debt securities
49.4

 
—

 
49.4

 
—

Foreign government obligations
7.1

 
—

 
7.1

 
—

U.S. government treasury securities
81.4

 
81.4

 
—

 
—

State and local government obligations
2.0

 
—

 
2.0

 
—

Certificates of deposit
2.3

 
—

 
2.3

 
—

Total available-for-sale securities
151.7

 
81.4

 
70.3

 
—

Trading securities
76.9

 
76.9

 
—

 
—

Total short-term investments
228.6

 
158.3

 
70.3

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
13.4

 
0.1

 
13.3

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
21.8

 
—

 
21.8

 
—

Corporate debt securities
207.4

 
—

 
207.4

 
—

Auction rate securities
5.9

 
—

 
—

 
5.9

Foreign government obligations
17.1

 
—

 
17.1

 
—

U.S. government treasury securities
127.4

 
127.4

 
—

 
—

State and local government obligations
7.0

 
—

 
7.0

 
—

Mortgage and other asset-backed securities
155.7

 
—

 
155.7

 
—

Total long-term investments
542.3

 
127.4

 
409.0

 
5.9

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
24.4

 
—

 
24.4

 
—

Total assets
$
3,271.0

 
$
2,748.1

 
$
517.0

 
$
5.9

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
16.4

 
$
2.5

 
$
13.9

 
$
—

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
22.1

 
—

 
22.1

 
—

Total
$
38.5

 
$
2.5

 
$
36.0

 
$
—

Inventories (Tables)
Inventories
 
Dec 31, 2017
 
Oct 1, 2017
 
Jan 1, 2017
Coffee:
 
 
 
 
 
Unroasted
$
559.9

 
$
541.0

 
$
550.5

Roasted
283.9

 
301.1

 
255.7

Other merchandise held for sale
260.6

 
301.1

 
256.2

Packaging and other supplies
208.8

 
220.8

 
156.3

Total
$
1,313.2

 
$
1,364.0

 
$
1,218.7

Supplemental Balance Sheet Information (Tables)
Property, Plant And Equipment, net 
 
Dec 31, 2017
 
Oct 1, 2017
Land
$
46.9

 
$
46.9

Buildings
487.2

 
481.7

Leasehold improvements
6,844.0

 
6,401.0

Store equipment
2,234.3

 
2,110.7

Roasting equipment
622.0

 
619.8

Furniture, fixtures and other
1,599.2

 
1,514.1

Work in progress
395.8

 
409.8

Property, plant and equipment, gross
12,229.4

 
11,584.0

Accumulated depreciation
(6,850.7
)
 
(6,664.5
)
Property, plant and equipment, net
$
5,378.7

 
$
4,919.5

Accrued Liabilities 
 
Dec 31, 2017
 
Oct 1, 2017
Accrued compensation and related costs
$
535.2

 
$
524.5

Accrued occupancy costs
178.4

 
151.3

Accrued taxes
421.5

 
226.6

Accrued dividends payable
422.3

 
429.5

Accrued capital and other operating expenditures
772.7

 
602.6

Payable for East China Acquisition
1,431.0

 
—

Total accrued liabilities
$
3,761.1

 
$
1,934.5

Debt (Tables)
Components of Long-Term Debt Including Associated Interest Rates and Related Estimated Fair Values 
Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):
 
Dec 31, 2017
 
Oct 1, 2017
 
Stated Interest Rate
Effective Interest Rate (1)
Issuance
Amount
Estimated Fair Value
 
Amount
Estimated Fair Value
 
2018 notes
350.0

350

 
350.0

352

 
2.000
%
2.012
%
2020 notes(2)
500.0

500

 
—

—

 
2.200
%
2.228
%
2021 notes
500.0

497

 
500.0

501

 
2.100
%
2.293
%
2021 notes
250.0

248

 
250.0

250

 
2.100
%
1.600
%
2022 notes
500.0

504

 
500.0

508

 
2.700
%
2.819
%
2023 notes
750.0

796

 
750.0

806

 
3.850
%
2.859
%
2024 notes (3)
755.3

762

 
755.3

760

 
0.372
%
0.462
%
2026 notes
500.0

480

 
500.0

481

 
2.450
%
2.511
%
2045 notes
350.0

387

 
350.0

381

 
4.300
%
4.348
%
2047 notes(2)
500.0

509

 
—

—

 
3.750
%
3.765
%
Total
4,955.3

5,033

 
3,955.3

4,039

 
 
 
Aggregate debt issuance costs and unamortized premium, net
(26.1
)
 
 
(17.5
)
 
 
 
 
Hedge accounting fair value adjustment (4)
(12.8
)
 
 
(5.2
)
 
 
 
 
Total
$
4,916.4

 
 
$
3,932.6

 
 
 
 
(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.
(2) 
Issued in November 2017.
(3) 
Japanese yen-denominated long-term debt.
(4) 
Amount represents the change in fair value due to changes in benchmark interest rates related to our 2023 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge.
Long-Term Debt Maturities 
The following table summarizes our long-term debt maturities as of December 31, 2017 by fiscal year (in millions):
Fiscal Year
Total
2019
$
350.0

2020
—

2021
1,250.0

2022
500.0

2023
—

Thereafter
2,855.3

Total
$
4,955.3

Equity (Tables)
Changes in total equity 
Changes in total equity (in millions):
 
Quarter Ended
 
Dec 31, 2017
 
Jan 1, 2017
 
Attributable to Starbucks
 
Noncontrolling interests
 
Total Equity
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
Beginning balance of total equity
$
5,450.1

 
$
6.9

 
$
5,457.0

 
$
5,884.0

 
$
6.7

 
$
5,890.7

Net earnings including noncontrolling interests
2,250.2

 
(0.1
)
 
2,250.1

 
751.8

 
(0.3
)
 
751.5

Translation adjustment and other, net of reclassifications and tax
28.1

 
—

 
28.1

 
(171.8
)
 
—

 
(171.8
)
Unrealized gains/(losses), net of reclassifications and tax
2.2

 
—

 
2.2

 
37.9

 
—

 
37.9

Other comprehensive income/(loss)
30.3

 
—

 
30.3

 
(133.9
)
 
—

 
(133.9
)
Stock-based compensation expense
62.2

 
—

 
62.2

 
55.7

 
—

 
55.7

Exercise of stock options/vesting of RSUs
(9.1
)
 
—

 
(9.1
)
 
8.8

 
—

 
8.8

Sale of common stock
7.4

 
—

 
7.4

 
7.0

 
—

 
7.0

Repurchase of common stock
(1,618.2
)
 
—

 
(1,618.2
)
 
(413.7
)
 
—

 
(413.7
)
Cash dividends declared
(420.8
)
 
—

 
(420.8
)
 
(363.1
)
 
—

 
(363.1
)
Ending balance of total equity
$
5,752.1

 
$
6.8

 
$
5,758.9

 
$
5,796.6

 
$
6.5

 
$
5,803.1

Changes in Accumulated Other Comprehensive Income by component, net of tax 
Changes in AOCI by component, net of tax (in millions):
Quarter Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
December 31, 2017
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(2.5
)
 
$
(4.1
)
 
$
14.0

 
$
(163.0
)
 
$
(155.6
)
Net gains/(losses) recognized in OCI before reclassifications
(1.8
)
 
(2.9
)
 
(0.2
)
 
20.9

 
16.0

Net (gains)/losses reclassified from AOCI to earnings
1.3

 
5.9

 
(0.1
)
 
7.2

 
14.3

Other comprehensive income/(loss) attributable to Starbucks
(0.5
)
 
3.0

 
(0.3
)
 
28.1

 
30.3

Net gains/(losses) in AOCI, end of period
$
(3.0
)
 
$
(1.1
)
 
$
13.7

 
$
(134.9
)
 
$
(125.3
)
 
 
 
 
 
 
 
 
 
 
January 1, 2017
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
1.1

 
$
10.9

 
$
1.3

 
$
(121.7
)
 
$
(108.4
)
Net gains/(losses) recognized in OCI before reclassifications
(9.3
)
 
87.0

 
25.9

 
(171.8
)
 
(68.2
)
Net (gains)/losses reclassified from AOCI to earnings
0.6

 
(66.3
)
 
—

 
—

 
(65.7
)
Other comprehensive income/(loss) attributable to Starbucks
(8.7
)
 
20.7

 
25.9

 
(171.8
)
 
(133.9
)
Net gains/(losses) in AOCI, end of period
$
(7.6
)
 
$
31.6

 
$
27.2

 
$
(293.5
)
 
$
(242.3
)
Impact of reclassifications from Accumulated Other Comprehensive Income on the consolidated statements of earnings 
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Dec 31, 2017
 
Jan 1, 2017
 
Gains/(losses) on available-for-sale securities
 
$
(1.7
)
 
$
(0.8
)
 
Interest income and other, net
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
1.2

 
1.2

 
Interest expense
Cross-currency swaps
 
(0.5
)
 
77.6

 
Interest income and other, net
Foreign currency hedges
 
(0.4
)
 
1.3

 
Revenues
Foreign currency/coffee hedges
 
(7.1
)
 
2.4

 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges
 
0.1

 
—

 
 
Translation adjustment
 
 
 
 
 
 
East China joint venture
 
(7.2
)
 
—

 
Gain resulting from acquisition of joint venture
Taiwan joint venture
 
(1.4
)
 
—

 
Gains resulting from divestiture of certain operations
Other
 
1.9

 
—

 
Interest income and other, net
 
 
(15.1
)
 
81.7

 
Total before tax
 
 
0.8

 
(16.0
)
 
Tax benefit
 
 
$
(14.3
)
 
$
65.7

 
Net of tax

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
 
Dec 31, 2017
 
Jan 1, 2017
Options
$
14.2

 
$
14.9

Restricted Stock Units (“RSUs”)
47.2

 
40.1

Total stock-based compensation expense
$
61.4

 
$
55.0

Stock Option and RSU Transactions 
Stock option and RSU transactions from October 1, 2017 through December 31, 2017 (in millions):
 
 
Stock Options
 
RSUs
Options outstanding/Nonvested RSUs, October 1, 2017
31.4

 
7.6

Granted
3.6

 
5.8

Options exercised/RSUs vested
(2.5
)
 
(2.8
)
Forfeited/expired
(0.3
)
 
(0.3
)
Options outstanding/Nonvested RSUs, December 31, 2017
32.2

 
10.3

Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of December 31, 2017
$
49.8

 
$
279.9

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
 
Dec 31, 2017
 
Jan 1, 2017
Net earnings attributable to Starbucks
$
2,250.2

 
$
751.8

Weighted average common shares outstanding (for basic calculation)
1,421.0

 
1,457.5

Dilutive effect of outstanding common stock options and RSUs
13.6

 
13.0

Weighted average common and common equivalent shares outstanding (for diluted calculation)
1,434.6

 
1,470.5

EPS — basic
$
1.58

 
$
0.52

EPS — diluted
$
1.57

 
$
0.51

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
 
China/
Asia Pacific
 
EMEA
 
Channel
Development
 
All Other Segments
 
Segment
Total
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
4,265.8

 
$
843.7

 
$
283.9

 
$
560.3

 
$
120.0

 
$
6,073.7

Depreciation and amortization expenses
158.0

 
53.7

 
7.7

 
0.5

 
0.7

 
220.6

Income from equity investees
—

 
50.7

 
—

 
38.7

 
—

 
89.4

Operating income/(loss)
979.4

 
196.8

 
39.1

 
243.3

 
(30.0
)
 
1,428.6

 
 
 
 
 
 
 
 
 
 
 
 
January 1, 2017
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
3,991.4

 
$
770.8

 
$
262.4

 
$
553.7

 
$
154.6

 
$
5,732.9

Depreciation and amortization expenses
152.4

 
48.6

 
7.6

 
0.6

 
2.9

 
212.1

Income from equity investees
—

 
42.5

 
—

 
41.9

 
—

 
84.4

Operating income/(loss)
958.5

 
163.4

 
44.1

 
242.9

 
9.6

 
1,418.5

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
 
Dec 31, 2017
 
Jan 1, 2017
Total segment operating income
$
1,428.6

 
$
1,418.5

Unallocated corporate operating expenses
(312.5
)
 
(285.9
)
Consolidated operating income
1,116.1

 
1,132.6

Gain resulting from acquisition of joint venture
1,326.3

 
—

Gains resulting from divestiture of certain operations
501.2

 
—

Interest income and other, net
88.2

 
24.1

Interest expense
(25.9
)
 
(23.8
)
Earnings before income taxes
$
3,005.9

 
$
1,132.9

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Narrative) (Details)
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Debt Instrument [Line Items]
 
 
Earnings per share - basic
$ 1.58 
$ 0.52 
Accounting Standards Update 2016-09 [Member]
 
 
Debt Instrument [Line Items]
 
 
Earnings per share - basic
$ 0.02 
 
Summary of Significant Accounting Policies Goodwill (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2017
Oct. 1, 2017
Goodwill [Line Items]
 
 
Goodwill
$ 3,674.8 
$ 1,539.2 
Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
 
 
Reduction to provision for income taxes
$ 755.8 
$ 381.4 
Earnings per share - diluted
$ 1.57 
$ 0.51 
Accounting Standards Update 2016-09 [Member]
 
 
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
 
 
Reduction to provision for income taxes
28.2 
 
Earnings per share - diluted
$ 0.02 
 
Excess tax benefit on share-based awards
 
34.1 
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification
$ 28.2 
 
Acquisitions and Divestitures (Narrative) (Details) (USD $)
3 Months Ended 3 Months Ended 0 Months Ended 3 Months Ended 3 Months Ended 0 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Oct. 1, 2017
Dec. 31, 2017
Taiwan JV [Member]
Apr. 1, 2018
Taiwan JV [Member]
Subsequent Event [Member]
Dec. 31, 2017
East China JV [Member]
Dec. 31, 2017
East China JV [Member]
store
Jan. 1, 2017
East China JV [Member]
Apr. 1, 2018
East China JV [Member]
Subsequent Event [Member]
Dec. 31, 2017
Tazo business [Member]
Dec. 31, 2017
Taiwan JV [Member]
Oct. 1, 2017
Singapore Retail Operations [Member]
Dec. 31, 2017
Contract-Based Intangible Assets [Member]
East China JV [Member]
Business Acquisition [Line Items]
 
 
 
 
 
 
 
 
 
 
 
 
 
Business Acquisition, Pro Forma Revenue
 
 
 
 
 
 
$ 6,344,700,000 
$ 5,948,000,000 
 
 
 
 
 
Business Acquisition, Effective Date of Acquisition
 
 
 
 
 
Dec. 31, 2017 
 
 
 
 
 
 
 
Finite-lived Intangible Assets Acquired
 
 
 
 
 
 
 
 
 
 
 
 
798,000,000 
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year
 
 
 
 
 
 
130,300,000 
 
 
 
 
 
 
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Two
 
 
 
 
 
 
173,700,000 
 
 
 
 
 
 
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Two
 
 
 
 
 
 
173,700,000 
 
 
 
 
 
 
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Four
 
 
 
 
 
 
173,700,000 
 
 
 
 
 
 
Finite-Lived Intangible Assets, Amortization Expense, Rolling Year Five
 
 
 
 
 
 
166,600,000 
 
 
 
 
 
 
Sale of Ownership Interest in Retail Business
 
 
 
177,600,000 
 
 
 
 
 
 
 
119,900,000 
 
Gain/(loss) resulting from divestiture
 
 
 
153 
 
 
 
 
 
347.9 
 
83.9 
 
Preexisting ownership percentage in equity method investment
 
 
 
 
 
 
50.00% 
 
 
 
50.00% 
 
 
Amount paid for interest acquired
 
 
 
 
 
 
1,400,000,000 
 
 
 
 
 
 
Amount of payable settled
 
 
 
 
 
1,431,000,000 
 
 
1,300,000,000 
 
 
 
 
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
1,326,300,000 
0 
 
 
 
 
1,300,000,000 
 
 
 
 
 
 
Acquisition-related costs, including integration costs
 
 
 
 
 
 
3,700,000 
 
 
 
 
 
 
Business Combination, Acquisition Related Costs
 
 
 
 
 
 
2,500,000 
 
 
 
 
 
 
Proceeds from Divestiture of Businesses
 
 
 
 
 
 
 
 
 
383,800,000 
 
 
 
Purchase price of joint venture sold
129,500,000 
0 
 
 
161,600,000 
 
 
 
 
 
 
 
 
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value
 
 
 
 
 
1,431,000,000 
1,400,000,000 
 
 
 
 
 
 
Business Combination, Separately Recognized Transactions, Liabilities Recognized
 
 
 
 
 
 
86,300,000 
 
 
 
 
 
 
Number of stores
 
 
 
 
 
 
1,400 
 
 
 
 
 
 
Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination
 
 
 
 
 
2,948,300,000 
 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents
 
 
 
 
 
 
129,500,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables
 
 
 
 
 
 
14,300,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory
 
 
 
 
 
 
18,000,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets
 
 
 
 
 
 
20,600,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment
 
 
 
 
 
 
256,600,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets
 
 
 
 
 
 
35,700,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles
 
 
 
 
 
 
818,000,000 
 
 
 
 
 
 
Goodwill
3,674,800,000 
 
1,539,200,000 
 
 
 
2,137,100,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets
 
 
 
 
 
 
3,429,800,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable
 
 
 
 
 
 
43,200,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities
 
 
 
 
 
 
173,800,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue
 
 
 
 
 
 
18,000,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities
 
 
 
 
 
 
246,500,000 
 
 
 
 
 
 
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities
 
 
 
 
 
 
481,500,000 
 
 
 
 
 
 
Operating Leases, Future Minimum Payments Due, Next Twelve Months
 
 
 
 
 
 
69,600,000 
 
 
 
 
 
 
Operating Leases, Future Minimum Payments, Due in Rolling Year Two
 
 
 
 
 
 
60,600,000 
 
 
 
 
 
 
Operating Leases, Future Minimum Payments, Due in Rolling Year Three
 
 
 
 
 
 
52,200,000 
 
 
 
 
 
 
Operating Leases, Future Minimum Payments, Due in Rolling Year Four
 
 
 
 
 
 
45,800,000 
 
 
 
 
 
 
Operating Leases, Future Minimum Payments, Due in Rolling Year Five
 
 
 
 
 
 
37,000,000 
 
 
 
 
 
 
Operating Leases, Future Minimum Payments, Due Thereafter
 
 
 
 
 
 
83,500,000 
 
 
 
 
 
 
Operating Leases, Future Minimum Payments Due
 
 
 
 
 
 
348,700,000 
 
 
 
 
 
 
Business Acquisition, Pro Forma Net Income (Loss)
 
 
 
 
 
 
$ 1,122,800,000 
$ 1,799,200,000 
 
 
 
 
 
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
Dec. 31, 2017
Oct. 1, 2017
Cash Flow Hedging [Member] |
Interest Rate Contract [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
$ 16.8 
$ 17.6 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
3.0 
 
Outstanding 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
(7.5)
(6.0)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
0 
 
Outstanding Contract Remaining Maturity (Months)
83 months 
 
Cash Flow Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
(8.2)
(9.1)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
(5.8)
 
Outstanding Contract Remaining Maturity (Months)
36 months 
 
Cash Flow Hedging [Member] |
Coffee Contracts [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
(2.3)
(6.6)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
(2.3)
 
Outstanding Contract Remaining Maturity (Months)
3 months 
 
Net Investment Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
16.1 
16.2 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
0 
 
Outstanding Contract Remaining Maturity (Months)
0 months 
 
Net Investment Hedging [Member] |
ForeignExchangeYenDebt [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
(2.4)
(2.2)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
$ 0 
 
Outstanding Contract Remaining Maturity (Months)
76 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 $)
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Cash Flow Hedging [Member] |
Interest Rate Contract [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
$ 0 
$ 0 
Gains/(Losses) Reclassified from AOCI to Earnings
1,200,000 
1,200,000 
Cash Flow Hedging [Member] |
Cross-Currency Swap [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
(2,400,000)
75,300,000 
Gains/(Losses) Reclassified from AOCI to Earnings
(500,000)
77,600,000 
Cash Flow Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
(1,300,000)
37,200,000 
Gains/(Losses) Reclassified from AOCI to Earnings
(2,800,000)
4,400,000 
Cash Flow Hedging [Member] |
Coffee Contracts [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
0 
1,000,000 
Gains/(Losses) Reclassified from AOCI to Earnings
(4,700,000)
(700,000)
Net Investment Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
(300,000)
41,100,000 
Gains/(Losses) Reclassified from AOCI to Earnings
100,000 
0 
Net Investment Hedging [Member] |
ForeignExchangeYenDebt [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
0 
0.0 
Gains/(Losses) Reclassified from AOCI to Earnings
$ 0.0 
$ 0.0 
Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in Earnings
$ 3.7 
$ 8.3 
Dairy Contracts [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in Earnings
(2.1)
5.1 
Diesel and Other Contracts [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in Earnings
1.4 
0.2 
Interest Rate Swap [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Derivative, Gain (Loss) on Derivative, Net
$ (7.5)
$ 0 
Derivative and Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2017
Oct. 1, 2017
Interest Rate Contract [Member]
 
 
Derivative [Line Items]
 
 
Notional amounts of outstanding derivative contracts
$ 750 
$ 750 
Cross-Currency Swap [Member]
 
 
Derivative [Line Items]
 
 
Notional amounts of outstanding derivative contracts
495 
514 
Foreign Currency Contract - Other [Member]
 
 
Derivative [Line Items]
 
 
Notional amounts of outstanding derivative contracts
998 
901 
Dairy Contracts [Member]
 
 
Derivative [Line Items]
 
 
Notional amounts of outstanding derivative contracts
57 
14 
Diesel and Other Contracts [Member]
 
 
Derivative [Line Items]
 
 
Notional amounts of outstanding derivative contracts
$ 13 
$ 41 
Derivative Financial Instruments Derivative Financial Instruments (Fair Value of Outstanding Derivative Contracts) (Details) (USD $)
Dec. 31, 2017
Oct. 1, 2017
Designated as Hedging Instrument [Member]
 
 
Derivative [Line Items]
 
 
Derivative Assets
$ 0 
 
Designated as Hedging Instrument [Member] |
Cross-Currency Swap [Member]
 
 
Derivative [Line Items]
 
 
Derivative Assets
10,000,000 
12,400,000 
Derivative Liabilities
9,900,000 
9,800,000 
Designated as Hedging Instrument [Member] |
Foreign Currency - Other [Member]
 
 
Derivative [Line Items]
 
 
Derivative Assets
6,400,000 
7,700,000 
Derivative Liabilities
18,000,000 
20,800,000 
Designated as Hedging Instrument [Member] |
Net Investment Hedging [Member]
 
 
Derivative [Line Items]
 
 
Derivative Assets
0 
300,000 
Derivative Liabilities
0 
0 
Designated as Hedging Instrument [Member] |
Interest Rate Swap [Member]
 
 
Derivative [Line Items]
 
 
Derivative Assets
0 
0 
Derivative Liabilities
11,600,000 
3,800,000 
Not Designated as Hedging Instrument [Member] |
Foreign Currency - Other [Member]
 
 
Derivative [Line Items]
 
 
Derivative Assets
21,200,000 
15,800,000 
Derivative Liabilities
4,100,000 
1,400,000 
Not Designated as Hedging Instrument [Member] |
Dairy Contracts [Member]
 
 
Derivative [Line Items]
 
 
Derivative Assets
0 
0 
Derivative Liabilities
3,800,000 
2,400,000 
Not Designated as Hedging Instrument [Member] |
Diesel and Other Contracts [Member]
 
 
Derivative [Line Items]
 
 
Derivative Assets
2,700,000 
1,600,000 
Derivative Liabilities
$ 800,000 
$ 300,000 
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2017
Oct. 1, 2017
Assets:
 
 
Total short-term investments
$ 106.6 
$ 228.6 
Available-for-sale securities
363.5 
542.3 
Total Assets
4,171.8 
3,271.0 
Liabilities:
 
 
Total Liabilities
48.2 
38.5 
Goodwill
3,674.8 
1,539.2 
Intangible Assets, Net (Excluding Goodwill)
1,246.2 
441.4 
Cash and Cash Equivalents [Member]
 
 
Assets:
 
 
Cash and cash equivalents
3,661.4 
2,462.3 
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
25.4 
151.7 
Trading securities
81.2 
76.9 
Total short-term investments
106.6 
228.6 
Prepaid Expenses and Other Current Assets [Member]
 
 
Assets:
 
 
Derivative assets
24.1 
13.4 
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
363.5 
542.3 
Other Long-Term Assets [Member]
 
 
Assets:
 
 
Derivative assets
16.2 
24.4 
Accrued Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
20.8 
16.4 
Other Long-Term Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
27.4 
22.1 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
 
 
Assets:
 
 
Total Assets
3,865.2 
2,748.1 
Liabilities:
 
 
Total Liabilities
4.6 
2.5 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Cash and Cash Equivalents [Member]
 
 
Assets:
 
 
Cash and cash equivalents
3,661.4 
2,462.3 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
10.5 
81.4 
Trading securities
81.2 
76.9 
Total short-term investments
91.7 
158.3 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Prepaid Expenses and Other Current Assets [Member]
 
 
Assets:
 
 
Derivative assets
0 
0.1 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
112.1 
127.4 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Other Long-Term Assets [Member]
 
 
Assets:
 
 
Derivative assets
0 
0 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Accrued Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
4.6 
2.5 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Other Long-Term Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
0 
0 
Significant Other Observable Inputs (Level 2) [Member]
 
 
Assets:
 
 
Total Assets
300.7 
517.0 
Liabilities:
 
 
Total Liabilities
43.6 
36.0 
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
14.9 
70.3 
Trading securities
0 
0 
Total short-term investments
14.9 
70.3 
Significant Other Observable Inputs (Level 2) [Member] |
Prepaid Expenses and Other Current Assets [Member]
 
 
Assets:
 
 
Derivative assets
24.1 
13.3 
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
245.5 
409.0 
Significant Other Observable Inputs (Level 2) [Member] |
Other Long-Term Assets [Member]
 
 
Assets:
 
 
Derivative assets
16.2 
24.4 
Significant Other Observable Inputs (Level 2) [Member] |
Accrued Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
16.2 
13.9 
Significant Other Observable Inputs (Level 2) [Member] |
Other Long-Term Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
27.4 
22.1 
Significant Unobservable Inputs (Level 3) [Member]
 
 
Assets:
 
 
Total Assets
5.9 
5.9 
Liabilities:
 
 
Total Liabilities
0 
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 
5.9 
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 
0 
Agency Obligations [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
7.5 
Agency Obligations [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
8.5 
21.8 
Agency Obligations [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
Agency Obligations [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Agency Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
7.5 
Agency Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
8.5 
21.8 
Agency Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
Agency Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Commercial Paper [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
2.0 
Commercial Paper [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
Commercial Paper [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
2.0 
Commercial Paper [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
Corporate Debt Securities [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
14.9 
49.4 
Corporate Debt Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
165.9 
207.4 
Corporate Debt Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Corporate Debt Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (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
14.9 
49.4 
Corporate Debt Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
165.9 
207.4 
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 
Foreign Government Obligations [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
7.1 
Foreign Government Obligations [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
12.0 
17.1 
Foreign Government Obligations [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
Foreign Government Obligations [Member] |
Quoted Prices in Active Markets for Identical Assets (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
 
7.1 
Foreign Government Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
12.0 
17.1 
Foreign Government Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
Foreign Government Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
U.S. Government Treasury Securities [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
10.5 
81.4 
U.S. Government Treasury Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
112.1 
127.4 
U.S. Government Treasury Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
10.5 
81.4 
U.S. Government Treasury Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
112.1 
127.4 
U.S. Government Treasury Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
U.S. Government Treasury Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
U.S. Government Treasury Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
U.S. 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
 
2.0 
State and Local Government Obligations [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
7.0 
7.0 
State and Local Government Obligations [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
State and Local Government Obligations [Member] |
Quoted Prices in Active Markets for Identical Assets (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
 
2.0 
State and Local Government Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
7.0 
7.0 
State and Local Government Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
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
 
2.3 
Certificates of Deposit [Member] |
Quoted Prices in Active Markets for Identical Assets (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
 
2.3 
Certificates of Deposit [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
Auction Rate Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
5.9 
5.9 
Auction Rate Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (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 
5.9 
Mortgage and Other Asset-backed Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
52.1 
155.7 
Mortgage and Other Asset-backed Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (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
52.1 
155.7 
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 $)
3 Months Ended
Dec. 31, 2017
Oct. 1, 2017
Jan. 1, 2017
Dec. 31, 2017
Price-to-be-fixed Contract [Member]
Dec. 31, 2017
Fixed-price Contract [Member]
Dec. 31, 2017
Designated as Hedging Instrument [Member]
Inventory [Line Items]
 
 
 
 
 
 
Roasted Coffee Inventory
$ 283,900,000 
$ 301,100,000 
$ 255,700,000 
 
 
 
Amount of coffee committed to be purchased
 
 
 
369,000,000 
762,000,000 
 
Derivative Assets
 
 
 
 
 
$ 0 
Inventories (Components of Inventory) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2017
Oct. 1, 2017
Jan. 1, 2017
Inventory Disclosure [Abstract]
 
 
 
Unroasted coffee
$ 559.9 
$ 541.0 
$ 550.5 
Roasted Coffee Inventory
283.9 
301.1 
255.7 
Other merchandise held for sale
260.6 
301.1 
256.2 
Packaging and other supplies
208.8 
220.8 
156.3 
Total
$ 1,313.2 
$ 1,364.0 
$ 1,218.7 
Supplemental Balance Sheet Information (Property, Plant And Equipment, net) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2017
Oct. 1, 2017
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
$ 12,229.4 
$ 11,584.0 
Accumulated depreciation
(6,850.7)
(6,664.5)
Property, plant and equipment, net
5,378.7 
4,919.5 
Land [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
46.9 
46.9 
Buildings [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
487.2 
481.7 
Leasehold Improvements [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
6,844.0 
6,401.0 
Store Equipment [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
2,234.3 
2,110.7 
Roasting Equipment [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
622.0 
619.8 
Furniture, Fixtures and Other [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
1,599.2 
1,514.1 
Work in Progress [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
$ 395.8 
$ 409.8 
Supplemental Balance Sheet Information (Accrued Liabilities) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2017
Oct. 1, 2017
Balance Sheet Related Disclosures [Abstract]
 
 
Accrued compensation and related costs
$ 535.2 
$ 524.5 
Accrued occupancy costs
178.4 
151.3 
Accrued taxes
421.5 
226.6 
Accrued dividends payable
422.3 
429.5 
Accrued capital and other operating expenditures
772.7 
602.6 
Noncash or Part Noncash Acquisition, Payables Assumed
1,431.0 
0 
Total accrued liabilities
$ 3,761.1 
$ 1,934.5 
Supplemental Balance Sheet Information Prepaid Expenses and Other Current Assets (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2017
Oct. 1, 2017
Balance Sheet Related Disclosures [Abstract]
 
 
Receivable from Taiwan divestiture
$ 177.1 
$ 0 
Income tax receivable
438.4 
68.0 
Other prepaid expenses and current assets
335.0 
290.1 
Total prepaid expenses and current assets
$ 950.5 
$ 358.1 
Debt Debt (Narrative) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Dec. 31, 2017
Two Point Two Percentage Senior Notes [Member]
Oct. 1, 2017
Two Point Two Percentage Senior Notes [Member]
Dec. 31, 2017
Two Point Two Percentage Senior Notes [Member]
Oct. 1, 2017
Two Point Two Percentage Senior Notes [Member]
Dec. 31, 2017
PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member]
Oct. 1, 2017
PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member]
Debt Instrument [Line Items]
 
 
 
 
 
 
 
Stated Interest Rate
 
2.20% 
 
3.75% 
 
0.372% 
 
Debt Instrument, Face Amount
 
$ 500.0 
$ 0 
$ 500.0 
$ 0 
$ 755.3 
$ 755.3 
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 July 2, 2017, we were in compliance with all applicable covenants.  
 
 
 
 
 
 
Debt Debt (Summary of long-term debt maturities) (Details) (USD $)
3 Months Ended
Dec. 31, 2017
Oct. 1, 2017
Dec. 31, 2017
Commercial Paper [Member]
Dec. 31, 2017
Maximum [Member]
Commercial Paper [Member]
Short-term Debt [Line Items]
 
 
 
 
Maximum allowable amount under Commercial Paper Program
$ 3,000,000,000 
 
 
 
Maximum allowable maturity period of credit under Commercial Paper Program
 
 
 
397 days 
Outstanding commercial paper
 
 
0 
 
2019
350,000,000 
 
 
 
2020
0 
 
 
 
2021
1,250,000,000 
 
 
 
2022
500,000,000 
 
 
 
2023
0 
 
 
 
Thereafter
2,855,300,000 
 
 
 
Total
$ 4,955,300,000 
$ 3,955,300,000 
 
 
Equity (Narrative) (Details) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Oct. 1, 2017
Equity [Abstract]
 
 
 
Authorized shares of common stock
2,400,000,000 
 
2,400,000,000 
Par value of common stock
$ 0.001 
 
$ 0.001 
Authorized shares of preferred stock
7,500,000 
 
 
Outstanding shares of preferred stock
 
 
0 
Shares of common stock repurchased
28,500,000 
7,600,000 
 
Total cost of common stock repurchased
$ 1,618.2 
$ 413.7 
 
Shares available for repurchase
51,800,000 
 
 
Cash dividend declared to shareholders
$ 0.30 
 
 
Dividends payable, payment date
Feb. 23, 2018 
 
 
Dividends payable, record date
Feb. 08, 2018 
 
 
Equity (Changes In Total Equity) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Beginning balance of total equity
$ 5,457.0 
$ 5,890.7 
Net earnings including noncontrolling interests
2,250.1 
751.5 
Translation adjustment and other, net of reclassifications and tax
28.1 
(171.8)
Unrealized gains/(losses), net of reclassifications and tax
2.2 
37.9 
Other comprehensive income/(loss)
30.3 
(133.9)
Stock-based compensation expense
62.2 
55.7 
Exercise of stock options/vesting of RSUs
(9.1)
8.8 
Sale of common stock
7.4 
7.0 
Repurchase of common stock
(1,618.2)
(413.7)
Cash dividends declared
(420.8)
(363.1)
Ending balance of total equity
5,758.9 
5,803.1 
Parent [Member]
 
 
Beginning balance of total equity
5,450.1 
5,884.0 
Net earnings including noncontrolling interests
2,250.2 
751.8 
Translation adjustment and other, net of reclassifications and tax
28.1 
(171.8)
Unrealized gains/(losses), net of reclassifications and tax
2.2 
37.9 
Other comprehensive income/(loss)
30.3 
(133.9)
Stock-based compensation expense
62.2 
55.7 
Exercise of stock options/vesting of RSUs
(9.1)
8.8 
Sale of common stock
7.4 
7.0 
Repurchase of common stock
(1,618.2)
(413.7)
Cash dividends declared
(420.8)
(363.1)
Ending balance of total equity
5,752.1 
5,796.6 
Noncontrolling Interest [Member]
 
 
Beginning balance of total equity
6.9 
6.7 
Net earnings including noncontrolling interests
(0.1)
(0.3)
Translation adjustment and other, net of reclassifications and tax
0 
0 
Unrealized gains/(losses), net of reclassifications and tax
0 
0 
Other comprehensive income/(loss)
0 
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 
Ending balance of total equity
$ 6.8 
$ 6.5 
Equity (Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Oct. 1, 2017
Oct. 2, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
$ 5,758.9 
$ 5,803.1 
$ 5,457.0 
$ 5,890.7 
Net gains/(losses) in AOCI, beginning of period
(155.6)
 
 
 
Other comprehensive income/(loss)
30.3 
(133.9)
 
 
Net gains/(losses) in AOCI, end of period
(125.3)
 
 
 
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
(3.0)
(7.6)
(2.5)
1.1 
Net gains/(losses) recognized in OCI before reclassifications
(1.8)
(9.3)
 
 
Net (gains)/losses reclassified from AOCI to earnings
1.3 
0.6 
 
 
Other comprehensive income/(loss)
(0.5)
(8.7)
 
 
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
(1.1)
31.6 
(4.1)
10.9 
Net gains/(losses) recognized in OCI before reclassifications
(2.9)
87.0 
 
 
Net (gains)/losses reclassified from AOCI to earnings
5.9 
(66.3)
 
 
Other comprehensive income/(loss)
3.0 
20.7 
 
 
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
13.7 
27.2 
14.0 
1.3 
Net gains/(losses) recognized in OCI before reclassifications
(0.2)
25.9 
 
 
Net (gains)/losses reclassified from AOCI to earnings
(0.1)
0 
 
 
Other comprehensive income/(loss)
(0.3)
25.9 
 
 
Translation Adjustment [Member]
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
(134.9)
(293.5)
(163.0)
(121.7)
Net gains/(losses) recognized in OCI before reclassifications
20.9 
(171.8)
 
 
Net (gains)/losses reclassified from AOCI to earnings
7.2 
0 
 
 
Other comprehensive income/(loss)
28.1 
(171.8)
 
 
AOCI Attributable to Parent [Member]
 
 
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
 
 
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
(125.3)
(242.3)
(155.6)
(108.4)
Net gains/(losses) recognized in OCI before reclassifications
16.0 
(68.2)
 
 
Net (gains)/losses reclassified from AOCI to earnings
14.3 
(65.7)
 
 
Other comprehensive income/(loss)
$ 30.3 
$ (133.9)
 
 
Equity (Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Total cost of common stock repurchased
$ 1,618.2 
$ 413.7 
Amounts Reclassified from AOCI, Interest income and other, net
88.2 
24.1 
Amounts Reclassified from AOCI, Interest expense
(25.9)
(23.8)
Amounts Reclassified from AOCI, Revenues
6,073.7 
5,732.9 
Amounts Reclassified from AOCI, Cost of sales including occupancy costs
(2,502.9)
(2,295.0)
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
1,326.3 
0 
Amounts Reclassified from AOCI, Tax (expense)/benefit
(755.8)
(381.4)
Reclassification out of Accumulated Other Comprehensive Income [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Amounts Reclassified from AOCI, Total before tax
(15.1)
81.7 
Amounts Reclassified from AOCI, Tax (expense)/benefit
0.8 
(16.0)
Amounts Reclassified from AOCI, Net of tax
(14.3)
65.7 
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Amounts Reclassified from AOCI, Net of tax
1.3 
0.6 
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] |
Reclassification out of Accumulated Other Comprehensive Income [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Amounts Reclassified from AOCI, Interest income and other, net
(1.7)
(0.8)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Amounts Reclassified from AOCI, Net of tax
5.9 
(66.3)
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Amounts Reclassified from AOCI, Net of tax
(0.1)
0 
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member] |
Reclassification out of Accumulated Other Comprehensive Income [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
0.1 
0 
Translation Adjustment [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Amounts Reclassified from AOCI, Net of tax
7.2 
0 
Translation Adjustment [Member] |
Reclassification out of Accumulated Other Comprehensive Income [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Amounts Reclassified from AOCI, Interest income and other, net
1.9 
0 
Interest Rate Contract [Member] |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] |
Reclassification out of Accumulated Other Comprehensive Income [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Amounts Reclassified from AOCI, Interest expense
1.2 
1.2 
Cross-Currency Swap [Member] |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] |
Reclassification out of Accumulated Other Comprehensive Income [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Amounts Reclassified from AOCI, Interest income and other, net
(0.5)
77.6 
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]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Amounts Reclassified from AOCI, Revenues
(0.4)
1.3 
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]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Amounts Reclassified from AOCI, Cost of sales including occupancy costs
(7.1)
2.4 
East China JV [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
1,300.0 
 
East China JV [Member] |
Translation Adjustment [Member] |
Reclassification out of Accumulated Other Comprehensive Income [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
(7.2)
0 
Taiwan JV [Member] |
Translation Adjustment [Member] |
Reclassification out of Accumulated Other Comprehensive Income [Member]
 
 
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
$ (1.4)
$ 0 
Employee Stock Plans (Narrative) (Details)
In Millions, unless otherwise specified
Dec. 31, 2017
Stock Options and Restricted Stock Units [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
 
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP
58.6 
Employee Stock Purchase Plan [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
 
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP
13.2 
Employee Stock Plans (Stock-Based Compensation Expense Recognized in Consolidated Statement of Earnings) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
 
 
Stock-based compensation expense
$ 61.4 
$ 55.0 
Stock Options [Member]
 
 
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
 
 
Stock-based compensation expense
14.2 
14.9 
Restricted Stock Units (RSUs) [Member]
 
 
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
 
 
Stock-based compensation expense
$ 47.2 
$ 40.1 
Employee Stock Plans (Stock Option and RSU Transactions) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Stock Options [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
 
Options outstanding, October 2, 2016
31.4 
Granted, Stock Options
3.6 
Options exercised, Stock Options
(2.5)
Forfeited/expired, Stock Options
(0.3)
Options outstanding, April 2, 2017
32.2 
Total unrecognized stock-based compensation expense, net of estimated forfeitures, Stock Options
$ 49.8 
Restricted Stock Units (RSUs) [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
 
Nonvested RSUs, October 2, 2016
7.6 
Granted, RSUs
5.8 
RSUs vested, RSUs
(2.8)
Forfeited/expired, RSUs
(0.3)
Nonvested RSUs, April 2, 2017
10.3 
Total unrecognized stock-based compensation expense, net of estimated forfeitures, RSUs
$ 279.9 
Income Taxes (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2018
Forecast [Member]
Income Tax Contingency [Line Items]
 
 
Corporate income tax blended rate
 
24.50% 
Net income tax benefit for provisional remeasurement of certain deferred taxes and related amounts
$ (77)
 
Provisional of income tax expense for estimated effects of transition tax, net of adjustments related to uncertain tax positions
$ 212 
 
Earnings Per Share (Narrative) (Details) (Stock Options [Member])
In Millions, unless otherwise specified
3 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Stock Options [Member]
 
 
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
 
 
Out-of-the-money stock options
5.0 
8.6 
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
Dec. 31, 2017
Jan. 1, 2017
Earnings Per Share [Abstract]
 
 
Net earnings attributable to Starbucks
$ 2,250.2 
$ 751.8 
Weighted average common shares outstanding (for basic calculation)
1,421.0 
1,457.5 
Dilutive effect of outstanding common stock options and RSUs
13.6 
13.0 
Weighted average common and common equivalent shares outstanding (for diluted calculation)
1,434.6 
1,470.5 
Earnings per share - basic
$ 1.58 
$ 0.52 
Earnings per share - diluted
$ 1.57 
$ 0.51 
Segment Reporting (Financial Information For Reportable Operating Segments And All Other Segments) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Oct. 1, 2017
Segment Reporting Information [Line Items]
 
 
 
Gain (Loss) on Disposition of Business
$ 501.2 
$ 0 
 
Total net revenues
6,073.7 
5,732.9 
 
Depreciation and amortization expenses
258.8 
249.7 
 
Income from equity investees
89.4 
84.4 
 
Operating income/(loss)
1,116.1 
1,132.6 
 
Operating Segments [Member]
 
 
 
Segment Reporting Information [Line Items]
 
 
 
Total net revenues
6,073.7 
5,732.9 
 
Depreciation and amortization expenses
220.6 
212.1 
 
Income from equity investees
89.4 
84.4 
 
Operating income/(loss)
1,428.6 
1,418.5 
 
Operating Segments [Member] |
Americas [Member]
 
 
 
Segment Reporting Information [Line Items]
 
 
 
Total net revenues
4,265.8 
3,991.4 
 
Depreciation and amortization expenses
158.0 
152.4 
 
Income from equity investees
0 
0 
 
Operating income/(loss)
979.4 
958.5 
 
Operating Segments [Member] |
China/Asia Pacific [Member]
 
 
 
Segment Reporting Information [Line Items]
 
 
 
Total net revenues
843.7 
770.8 
 
Depreciation and amortization expenses
53.7 
48.6 
 
Income from equity investees
50.7 
42.5 
 
Operating income/(loss)
196.8 
163.4 
 
Operating Segments [Member] |
EMEA [Member]
 
 
 
Segment Reporting Information [Line Items]
 
 
 
Total net revenues
283.9 
262.4 
 
Depreciation and amortization expenses
7.7 
7.6 
 
Income from equity investees
0 
0 
 
Operating income/(loss)
39.1 
44.1 
 
Operating Segments [Member] |
Channel Development [Member]
 
 
 
Segment Reporting Information [Line Items]
 
 
 
Total net revenues
560.3 
553.7 
 
Depreciation and amortization expenses
0.5 
0.6 
 
Income from equity investees
38.7 
41.9 
 
Operating income/(loss)
243.3 
242.9 
 
Operating Segments [Member] |
All Other Segments [Member]
 
 
 
Segment Reporting Information [Line Items]
 
 
 
Total net revenues
120.0 
154.6 
 
Depreciation and amortization expenses
0.7 
2.9 
 
Income from equity investees
0 
0 
 
Operating income/(loss)
(30.0)
9.6 
 
Contract Termination [Member] |
Restructuring Charges [Member]
 
 
 
Segment Reporting Information [Line Items]
 
 
 
Business Exit Costs
$ 16.6 
$ 0 
$ 15.7 
Segment Reporting (Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended 24 Months Ended
Dec. 31, 2017
Jan. 1, 2017
Dec. 31, 2017
Operating Segments [Member]
Jan. 1, 2017
Operating Segments [Member]
Dec. 31, 2017
Corporate, Non-Segment [Member]
Jan. 1, 2017
Corporate, Non-Segment [Member]
Dec. 31, 2017
Contract Termination [Member]
Restructuring Charges [Member]
Jan. 1, 2017
Contract Termination [Member]
Restructuring Charges [Member]
Oct. 1, 2017
Contract Termination [Member]
Restructuring Charges [Member]
Sep. 30, 2018
Forecast [Member]
Contract Termination [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
 
 
 
 
 
 
 
 
 
 
Business Exit Costs
 
 
 
 
 
 
$ 16.6 
$ 0 
$ 15.7 
$ 143.2 
Operating income/(loss)
1,116.1 
1,132.6 
1,428.6 
1,418.5 
(312.5)
(285.9)
 
 
 
 
Gain (Loss) on Disposition of Business
501.2 
0 
 
 
 
 
 
 
 
 
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain
1,326.3 
0 
 
 
 
 
 
 
 
 
Interest income and other, net
88.2 
24.1 
 
 
 
 
 
 
 
 
Interest expense
(25.9)
(23.8)
 
 
 
 
 
 
 
 
Earnings before income taxes
$ 3,005.9 
$ 1,132.9