STARBUCKS CORP, 10-K filed on 11/14/2025
Annual Report
v3.25.3
Cover Page - USD ($)
shares in Millions, $ in Billions
12 Months Ended
Sep. 28, 2025
Nov. 07, 2025
Mar. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Sep. 28, 2025    
Document Transition Report false    
Entity File Number 000-20322    
Entity Registrant Name Starbucks Corporation    
Entity Incorporation, State or Country Code WA    
Entity Tax Identification Number 91-1325671    
Entity Address, Address Line One 2401 Utah Avenue South    
Entity Address, City or Town Seattle    
Entity Address, State or Province WA    
Entity Address, Postal Zip Code 98134    
City Area Code 206    
Local Phone Number 447-1575    
Title of 12(b) Security Common Stock, $0.001 par value per share    
Trading Symbol SBUX    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Entity Shell Company false    
Entity Public Float     $ 111.0
Entity Common Stock, Shares Outstanding   1,137.1  
Amendment Flag false    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Entity Central Index Key 0000829224    
Current Fiscal Year End Date --09-28    
Document Financial Statement Error Correction [Flag] false    
v3.25.3
Audit Information
12 Months Ended
Sep. 28, 2025
Auditor [Line Items]  
Auditor Firm ID 34
Auditor Name DELOITTE & TOUCHE LLP
Auditor Location Seattle, Washington
Auditor Opinion
Opinion on the Financial Statements
We have audited the accompanying consolidated balance sheets of Starbucks Corporation and subsidiaries (the “Company”) as of September 28, 2025, and September 29, 2024, the related consolidated statements of earnings, comprehensive income, equity, and cash flows, for each of the three years in the period ended September 28, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of September 28, 2025, and September 29, 2024, and the results of its operations and its cash flows for each of the three years in the period ended September 28, 2025, in conformity with accounting principles generally accepted in the United States of America.
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of September 28, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated November 14, 2025, expressed an unqualified opinion on the Company’s internal control over financial reporting.
v3.25.3
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Net Revenues:      
Revenues $ 37,184.4 $ 36,176.2 $ 35,975.6
Product and distribution costs 11,658.2 11,180.6 11,409.1
Store operating expenses 17,058.9 15,286.5 14,720.3
Other operating expenses 584.6 565.6 539.4
Depreciation and amortization expenses 1,684.7 1,512.6 1,362.6
General and administrative expenses 2,617.2 2,523.3 2,441.3
Restructuring and impairments 892.0 0.0 21.8
Total operating expenses 34,495.6 31,068.6 30,494.5
Income from equity investees 247.8 301.2 298.4
Operating income 2,936.6 5,408.8 5,870.8
Interest income and other, net 113.3 122.8 81.2
Interest expense (542.6) (562.0) (550.1)
Earnings before income taxes 2,507.3 4,969.6 5,401.9
Income tax expense 650.6 1,207.3 1,277.2
Net earnings including noncontrolling interests 1,856.7 3,762.3 4,124.7
Net earnings attributable to noncontrolling interest 0.3 1.4 0.2
Net earnings attributable to Starbucks $ 1,856.4 $ 3,760.9 $ 4,124.5
Earnings Per Share, Basic $ 1.63 $ 3.32 $ 3.60
Earnings/(loss) Per Share, Diluted $ 1.63 $ 3.31 $ 3.58
Weighted average shares outstanding:      
Basic 1,136.0 1,133.8 1,146.8
Diluted 1,139.8 1,137.3 1,151.3
Gain (Loss) on Disposition of Assets $ 0.0 $ 0.0 $ 91.3
Company-Operated Stores [Member]      
Net Revenues:      
Revenues 30,744.8 29,765.9 29,462.3
Licensed Stores [Member]      
Net Revenues:      
Revenues 4,350.4 4,505.1 4,512.7
Product and Service, Other [Member]      
Net Revenues:      
Revenues $ 2,089.2 $ 1,905.2 $ 2,000.6
v3.25.3
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Net earnings including noncontrolling interests $ 1,856.7 $ 3,762.3 $ 4,124.7
Other comprehensive income/(loss), net of tax:      
Other comprehensive income/(loss) (30.5) 349.4 (315.0)
Comprehensive income including noncontrolling interests 1,826.2 4,111.7 3,809.7
Comprehensive Income, Net of Tax, Attributable to Parent 1,826.1 4,109.9 3,810.2
Available-for-sale Securities [Member]      
Other comprehensive income/(loss), net of tax:      
Unrealized holding gains/(losses) on available-for-sale securities, before tax 2.7 12.1 3.3
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit (0.8) (3.0) (0.8)
Cash Flow Hedging [Member]      
Other comprehensive income/(loss), net of tax:      
Net Gains/(Losses) Included in AOCI 80.1 106.0 (149.4)
Net Gains/(Losses) Included in AOCI (17.9) (16.2) 17.2
Net Investment Hedges [Member]      
Other comprehensive income/(loss), net of tax:      
Unrealized gains/(losses) on hedging instruments, before tax 255.9 55.7 73.2
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification, Tax (64.6) (14.1) (18.5)
Translation Adjustment [Member]      
Other comprehensive income/(loss), net of tax:      
Translation adjustment and other, before tax (113.4) 225.9 (109.0)
Translation adjustment and other, tax (expense)/benefit 0.0 (8.8) 1.8
Other comprehensive income/(loss) (113.2) 216.6 (105.2)
Noncontrolling Interest [Member]      
Net earnings including noncontrolling interests 0.3 1.4 0.2
Other comprehensive income/(loss), net of tax:      
Other comprehensive income/(loss) (0.2) 0.4 (0.7)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 0.1 1.8 (0.5)
Reclassification out of Accumulated Other Comprehensive Income [Member]      
Other comprehensive income/(loss), net of tax:      
Reclassification adjustment for net gains (losses) realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, before tax (224.9) (19.2) (158.9)
Reclassification adjustment for net gains (losses) realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit) $ 52.4 $ 11.0 $ 26.1
v3.25.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
OPERATING ACTIVITIES:      
Net earnings including noncontrolling interests $ 1,856.7 $ 3,762.3 $ 4,124.7
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 1,771.5 1,592.4 1,450.3
Deferred income taxes, net (90.6) (13.8) (59.4)
Income earned from equity method investees (274.2) (306.4) (301.8)
Distributions received from equity method investees 294.4 333.3 222.8
Gain (Loss) on Disposition of Assets 0.0 0.0 (91.3)
Stock-based compensation 318.3 308.3 302.7
Non-cash Lease Cost 1,513.8 1,314.9 1,365.9
Loss on retirement and impairment of assets 834.7 121.5 101.4
Other 17.3 31.9 26.8
Cash provided/(used) by changes in operating assets and liabilities:      
Accounts receivable (89.7) 18.4 (4.1)
Inventories (408.4) 42.8 366.4
Income Taxes Payable 103.8 (61.9) 52.5
Accounts payable 261.0 28.0 100.1
Deferred revenue (120.7) (72.2) (110.8)
Operating lease liability (1,576.7) (1,294.9) (1,443.8)
Other operating assets and liabilities 336.3 291.0 (93.7)
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation 4,747.5 6,095.6 6,008.7
INVESTING ACTIVITIES:      
Purchases of investments (333.6) (627.5) (610.5)
Proceeds from Sales of Assets, Investing Activities 1.1 10.3 2.5
Maturities and calls of investments 391.8 768.2 616.9
Additions to property, plant and equipment (2,305.5) (2,777.5) (2,333.6)
Payments to Acquire Businesses, Net of Cash Acquired (177.1) 0.0 0.0
Proceeds from Sale of Productive Assets 0.0 0.0 110.0
Other (62.1) (72.7) (56.1)
Net cash used by investing activities (2,485.4) (2,699.2) (2,270.8)
FINANCING ACTIVITIES:      
Proceeds from (Repayments of) Commercial Paper 0.0 0.0 (175.0)
Proceeds from issuance of short-term debt 2.4 123.8 114.6
Repayments of Short-term Debt (7.8) (157.5) (78.8)
Proceeds from issuance of long-term debt 1,748.5 1,995.3 1,497.8
Repayments of long-term debt (1,250.0) (1,825.1) (1,000.0)
Proceeds from issuance of common stock 77.0 108.0 167.4
Cash dividends paid (2,771.4) (2,585.0) (2,431.8)
Repurchase of common stock 0.0 (1,266.7) (984.4)
Minimum tax withholdings on share-based awards (87.4) (100.4) (89.3)
Other (9.3) (10.6) (11.1)
Net cash used by financing activities (2,298.0) (3,718.2) (2,990.6)
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation (30.5) 56.5 (14.2)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (66.4) (265.3) 733.1
CASH AND CASH EQUIVALENTS:      
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance 3,286.2 3,551.5 2,818.4
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance 3,219.8 3,286.2 3,551.5
Cash paid during the period for:      
Interest, net of capitalized interest 588.3 570.7 524.3
Income taxes, net of refunds $ 715.6 $ 1,373.3 $ 1,294.2
v3.25.3
Consolidated Statements of Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income/(Loss) [Member]
Parent [Member]
Noncontrolling Interest [Member]
Common Stock, Shares, Outstanding   1,147.9          
Balance, Amount at Oct. 02, 2022 $ (8,698.7) $ 1.1 $ 205.3 $ (8,449.8) $ (463.2) $ (8,706.6) $ 7.9
Net earnings attributable to noncontrolling interest 0.2            
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 4,124.7 0.0 0.0 4,124.5 0.0 4,124.5 0.2
Other comprehensive income/(loss) (315.0) 0.0 0.0 0.0 (314.3) (314.3) (0.7)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 306.4 0.0 306.4 0.0 0.0 306.4 0.0
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture 28.4 $ 0.0 28.4 0.0 0.0 28.4 0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture   4.2          
Stock Issued During Period, Value, Employee Stock Purchase Plan $ 49.6 $ 0.0 49.6 0.0 0.0 49.6 0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans 0.5 0.5          
Stock Repurchased and Retired During Period, Value $ (1,004.5) $ 0.0 548.6 455.9 0.0 1,004.5 0.0
Stock Repurchased and Retired During Period, Shares   (10.0)          
Common Stock, Dividends, Per Share, Declared $ 2.16            
Dividends, Cash $ (2,474.6) $ 0.0 0.0 (2,474.6) 0.0 (2,474.6) 0.0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders (4.1) 0.0 (3.0) 0.0 (0.7) (3.7) (0.4)
Balance, Amount at Oct. 01, 2023 (7,987.8) $ 1.1 38.1 (7,255.8) (778.2) (7,994.8) 7.0
Common Stock, Shares, Outstanding   1,142.6          
Net earnings attributable to noncontrolling interest 1.4            
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 3,762.3 $ 0.0 0.0 3,760.9 0.0 3,760.9 1.4
Other comprehensive income/(loss) 349.4 0.0 0.0 0.0 349.0 349.0 0.4
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 312.0 0.0 312.0 0.0 0.0 312.0 0.0
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture (47.6) $ 0.0 (47.6) 0.0 0.0 (47.6) 0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture   3.1          
Stock Issued During Period, Value, Employee Stock Purchase Plan $ 55.3 $ 0.0 55.3 0.0 0.0 55.3 0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans 0.6 0.6          
Stock Repurchased and Retired During Period, Value $ (1,259.1) $ 0.0 35.2 1,223.9 0.0 1,259.1 0.0
Stock Repurchased and Retired During Period, Shares   (12.8)          
Common Stock, Dividends, Per Share, Declared $ 2.32            
Dividends, Cash $ (2,625.0) $ 0.0 0.0 (2,625.0) 0.0 (2,625.0) 0.0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders (1.1) 0.0 0.0 0.0 0.4 0.4 (1.5)
Balance, Amount at Sep. 29, 2024 $ (7,441.6) $ 1.1 322.6 (7,343.8) (428.8) (7,448.9) 7.3
Common Stock, Shares, Outstanding 1,133.5 1,133.5          
Net earnings attributable to noncontrolling interest $ 0.3            
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 1,856.7 $ 0.0 0.0 1,856.4 0.0 1,856.4 0.3
Other comprehensive income/(loss) (30.5) 0.0 0.0 0.0 (30.3) (30.3) (0.2)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 321.9 0.0 321.9 0.0 0.0 321.9 0.0
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture (63.0) $ 0.0 (63.0) 0.0 0.0 (63.0) 0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture   2.8          
Stock Issued During Period, Value, Employee Stock Purchase Plan $ 52.6 $ 0.0 52.6 0.0 0.0 52.6 0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans 0.6 0.6          
Stock Repurchased and Retired During Period, Value $ 0.0 $ 0.0 0.0 0.0 0.0 0.0 0.0
Stock Repurchased and Retired During Period, Shares   0.0          
Common Stock, Dividends, Per Share, Declared $ 2.45            
Dividends, Cash $ (2,785.0) $ 0.0 0.0 (2,785.0) 0.0 (2,785.0) 0.0
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests or Other Adjustment (0.3) 0.0 0.0 (0.1) (0.2) (0.3) 0.0
Balance, Amount at Sep. 28, 2025 $ (8,089.2) $ 1.1 $ 634.1 $ (8,272.5) $ (459.3) $ (8,096.6) $ 7.4
Common Stock, Shares, Outstanding 1,136.9 1,136.9          
v3.25.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Current assets:    
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation $ 3,219.8 $ 3,286.2
Short-term Investments 247.2 257.0
Accounts Receivable, net 1,277.5 1,213.8
Inventory, Net 2,185.6 1,777.3
Prepaid Expense and Other Assets, Current 452.2 313.1
Assets, Current 7,382.3 6,847.4
Long-term investments 246.9 276.0
Equity Investments 466.2 463.9
Property, Plant and Equipment, Net 8,493.5 8,665.5
Operating Lease, Right-of-Use Asset 9,315.7 9,286.2
Deferred Income Tax Assets, Net 1,826.9 1,766.7
Other Assets, Noncurrent 752.5 617.0
Intangible Assets, Net (Excluding Goodwill) 166.8 100.9
Goodwill 3,368.9 3,315.7
Assets 32,019.7 31,339.3
Current liabilities:    
Accounts Payable, Current 1,852.8 1,595.5
Accrued Liabilities, Current 2,359.7 2,194.7
Accrued payroll and benefits 1,093.9 786.6
Operating Lease, Liability, Current 1,564.5 1,463.1
Deferred Revenue, Current 1,840.6 1,781.2
Long-term Debt, Current Maturities 1,498.9 1,248.9
Liabilities, Current 10,210.4 9,070.0
Long-term Debt, Excluding Current Maturities 14,575.9 14,319.5
Operating Lease, Liability, Noncurrent 8,972.2 8,771.6
Deferred Revenue, Noncurrent 5,772.6 5,963.6
Deferred Tax and Other Liabilities, Noncurrent 577.8 656.2
Liabilities 40,108.9 38,780.9
Shareholders' equity/(deficit)    
Common stock ($0.001 par value) - authorized 2,400.0 shares; issued and outstanding 1,136.9 and 1,133.5 shares, respectively 1.1 1.1
Additional Paid in Capital, Common Stock 634.1 322.6
Retained Earnings (Accumulated Deficit) (8,272.5) (7,343.8)
Accumulated Other Comprehensive Income (Loss), Net of Tax (459.3) (428.8)
Stockholders' Equity/(Deficit) Attributable to Parent (8,096.6) (7,448.9)
Stockholders' Equity Attributable to Noncontrolling Interest 7.4 7.3
Stockholders' Equity/(Deficit), Including Portion Attributable to Noncontrolling Interest (8,089.2) (7,441.6)
Liabilities and Shareholders' Equity/(Deficit) $ 32,019.7 $ 31,339.3
Common stock, par value $ 0.001 $ 0.001
Authorized shares of common stock 2,400,000,000 2,400,000,000
Common Stock, Shares, Issued 1,136,900,000 1,133,500,000
Common Stock, Shares, Outstanding 1,136,900,000 1,133,500,000
v3.25.3
Consolidated Balance Sheets (Parenthetical) - $ / shares
Sep. 28, 2025
Sep. 29, 2024
Statement of Financial Position [Abstract]    
Common stock, par value $ 0.001 $ 0.001
Authorized shares of common stock 2,400,000,000 2,400,000,000
Common Stock, Shares, Issued 1,136,900,000 1,133,500,000
Common Stock, Shares, Outstanding 1,136,900,000 1,133,500,000
v3.25.3
Acquisitions and Divestitures
12 Months Ended
Sep. 28, 2025
Business Combination [Abstract]  
Acquisitions and Divestitures Acquisitions and Divestitures
Fiscal 2025
On October 14, 2024, we acquired a 100% ownership interest in 23.5 Degrees Topco Limited, a U.K. licensed business partner, to expand our portfolio of company-operated stores and enhance the coffeehouse experience for customers. The acquisition converted 113 licensed stores to company-operated stores within our International operating segment.
The assets acquired and liabilities assumed are included in our International operating segment. Assets acquired primarily include operating lease right-of-use assets, intangible assets, goodwill, and property, plant and equipment. The intangible assets acquired as part of this transaction include reacquired licensee agreement rights, which will be amortized over the estimated useful life. In addition, we assumed various liabilities, primarily consisting of operating lease liabilities. The transaction is not material to our consolidated financial statements.
Fiscal 2023
On January 13, 2023, we sold the assets, primarily consisting of intellectual properties associated with the Seattle’s Best Coffee brand, to Nestlé for $110.0 million. The transaction resulted in a pre-tax gain of $91.3 million, which was included in gain from sale of assets on our consolidated statement of earnings for the fiscal year ended October 1, 2023. Results from Seattle’s Best Coffee operations prior to the sale are reported in our Channel Development operating segment.
v3.25.3
Accounting Policies
12 Months Ended
Sep. 28, 2025
Accounting Policies [Abstract]  
Significant Accounting Policies Summary of Significant Accounting Policies and Estimates
Description of Business
We purchase and roast high-quality coffees that we sell, along with handcrafted coffee, tea, and other beverages and a variety of high-quality food items through our company-operated stores. We also sell a variety of coffee and tea products and license our trademarks through other channels, such as licensed stores as well as grocery and foodservice through our Global Coffee Alliance with Nestlé S.A. (“Nestlé”). In addition to our flagship Starbucks Coffee® brand, we sell goods and services under the following brands: Teavana®, Ethos®, and Starbucks Reserve®.
In this Annual Report on Form 10-K (“10-K” or “Report”) for the fiscal year ended September 28, 2025 (“fiscal 2025”), Starbucks Corporation (together with its subsidiaries) is referred to as “Starbucks,” the “Company,” “we,” “us,” or “our.”
Segment information is prepared on the same basis that our ceo, who is our Chief Operating Decision Maker, manages the segments, evaluates financial results, and makes key operating decisions.
We have three reportable operating segments: 1) North America, which is inclusive of the U.S. and Canada; 2) International, which is inclusive of China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and the Caribbean; and 3) Channel Development. Unallocated corporate expenses are reported within Corporate and Other.
Additional details on the nature of our business and our reportable operating segments are included in Note 17, Segment Reporting.
Certain prior period information at Note 14, Income Taxes, has been reclassified to conform to the current presentation.
Principles of Consolidation
Our consolidated financial statements reflect the financial position and operating results of Starbucks, including wholly-owned subsidiaries and investees that we control. Intercompany transactions and balances have been eliminated.
Fiscal Year End
Our fiscal year ends on the Sunday closest to September 30. Fiscal years 2025, 2024, and 2023 included 52 weeks.
Estimates and Assumptions
Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses. Examples include, but are not limited to, estimates for inventory reserves, asset and goodwill impairments, assumptions underlying self-insurance reserves, income from unredeemed stored value cards, stock-based compensation forfeiture rates, future asset retirement obligations, commitments and contingencies, and the potential outcome of future tax consequences of events that have been recognized in the financial statements. Actual results and outcomes may differ from these estimates and assumptions due to risks and uncertainties, including uncertainty in the current economic environment.
Restructuring
In the fourth quarter of fiscal 2024, we announced our “Back to Starbucks” strategy, which was implemented with the goal to bring customers back to our stores and return to growth by revitalizing coffeehouses, enhancing the customer experience, and improving efficiency. As part of this strategy, during the second quarter of fiscal 2025, we announced our plan to restructure our support organization in an effort to operate more efficiently, increase accountability, reduce complexity, and drive better integration, which resulted in a reduction in our support partner workforce.
In the fourth quarter of fiscal 2025, we announced a restructuring plan involving the closure of coffeehouses, and the further transformation of our support organization, as part of the Company’s “Back to Starbucks” strategy. We assessed our existing store portfolio with respect to both whether coffeehouses had a viable path to offering the physical environment consistent with the brand and a clear path to financial performance, and we closed, or plan to close, coffeehouses that did not meet these criteria.
Refer to Note 18, Restructuring, included in Item 8 of Part II of this 10-K, for further discussion.
Cash and Cash Equivalents
We consider all highly liquid instruments with maturities of three months or less at the time of purchase, as well as credit card receivables and third-party payment processing receivables for sales to customers in our company-operated stores that generally settle within two to five business days, to be cash equivalents. We maintain cash and cash equivalent balances with financial institutions that exceed federally-insured limits. We have not experienced any losses related to these balances, and we believe credit risk to be minimal.
Our cash management system provides for the funding of all major bank disbursement accounts on a daily basis as checks are presented for payment. Under this system, outstanding checks are in excess of the cash balances at certain banks, which creates book overdrafts. Book overdrafts are presented as a current liability in accrued liabilities on our consolidated balance sheets.
Investments
Available-for-sale Debt Securities
Our short-term and long-term investments include investment-grade debt securities, all of which are classified as available-for-sale. Available-for-sale debt securities are recorded at fair value, and unrealized holding gains and losses are recorded, net of tax, as a component of accumulated other comprehensive income. Available-for-sale securities with remaining maturities of less than one year and those identified by management at the time of purchase to be used to fund operations within one year are classified as short-term. All other available-for-sale securities are classified as long-term. We evaluate our available-for-sale securities for other-than-temporary impairment on a quarterly basis. Unrealized losses are charged against net earnings when a decline in fair value is determined to be other than temporary. We review several factors to determine whether a loss is other than temporary, such as the length and extent of the fair value decline, the financial condition and near-term prospects of the issuer, and whether we have the intent to sell, or will more likely than not be required to sell, before the securities’ anticipated recovery, which may be at maturity. Realized gains and losses are accounted for using the specific identification method. Purchases and sales are recorded on a trade date basis.
Structured Deposits
We hold short-term, principal-protected structured deposits that provide returns in the form of both fixed and variable yields; such variable yields are indexed to foreign exchange rates, equity-linked instruments, or interest rate indices. The Company has elected to account for these using the fair value option with gains and losses recorded in our consolidated statements of earnings. For fiscal 2025, 2024, and 2023, resulting gains and losses were immaterial to our consolidated statements of earnings.
Marketable Equity Securities
We also have a marketable equity securities portfolio, which is comprised of marketable equity mutual funds and equity exchange-traded funds. Marketable equity securities are recorded at fair value and approximate a portion of our liability under our Management Deferred Compensation Plan (“MDCP”). Gains or losses from the portfolio and the change in our MDCP liability are recorded in general and administrative expenses in our consolidated statements of earnings. Refer to Note 4, Fair Value Measurements, for further discussion of our MDCP liability.
Equity Investments
Equity investments are accounted for under the equity method if we are able to exercise significant influence, but not control, over an investee. Our share of the earnings or losses as reported by the investees is classified as income from equity investees on our consolidated statements of earnings. The investments are evaluated for impairment annually and when facts and circumstances indicate that the carrying value may not be recoverable. If a decline in fair value is determined to be other than temporary, an impairment charge is recorded in interest income and other, net on our consolidated statements of earnings.
We account for equity investments for which we do not have significant influence and without readily determinable fair values at cost with adjustments for observable changes in price or impairments as permitted by the measurement alternative. Investments for which the measurement alternative has been elected are assessed for impairment quarterly, or if a triggering event indicates impairment may be present. Any adjustments as a result of price changes or impairments are recorded in interest income and other, net on our consolidated statements of earnings.
Fair Value
Fair value is the price we would receive to sell an asset or pay to transfer a liability (exit price) in an orderly transaction between market participants. For assets and liabilities recorded or disclosed at fair value on a recurring basis, we determine fair value based on the following:
Level 1: The carrying value of cash and cash equivalents approximates fair value because of the short-term nature of these instruments. For equity and U.S. government treasury securities and commodity futures contracts, we use quoted prices in active markets for identical assets to determine fair value.
Level 2: When quoted prices in active markets for identical assets are not available, we determine the fair value of certain assets based upon factors such as the quoted market price of similar assets or a discounted cash flow model using readily observable market data, which may include interest rate curves and forward and spot prices for currencies and commodities, depending on the nature of the investment. The fair value of our long-term debt is estimated based on the quoted market prices for the same or similar issues or on the current rates offered to us for debt of the same remaining maturities.
Level 3: We determine the fair value of private equity instruments using valuation models, including Black Scholes’ option pricing model and discounted cash flow models. Inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability.
Assets and liabilities recognized or disclosed at fair value on a nonrecurring basis may include items such as property, plant and equipment, ROU assets, goodwill and other intangible assets, equity and other investments, and other assets. We determine the fair value of these items using Level 3 inputs, as described in the related sections below.
Derivative Instruments
We manage our exposure to various risks within our consolidated financial statements according to a market price risk management policy. Under this policy, we may engage in transactions involving various derivative instruments to hedge interest rates, commodity prices, foreign currency-denominated revenue streams, inventory purchases, and assets, liabilities, and investments in certain foreign operations. In order to manage our exposure to these risks, we use various types of derivative instruments including forward contracts, commodity futures contracts, collars, and swaps. Forward contracts and commodity futures contracts are agreements to buy or sell a quantity of a currency or commodity at a predetermined future date and at a predetermined rate or price. A collar is a strategy that uses a combination of a purchased call option and a sold put option with equal premiums to hedge a portion of anticipated cash flows, or to limit possible gains or losses on an underlying asset or liability to a specific range. A swap agreement is a contract between two parties to exchange cash flows based on specified underlying notional amounts, assets, and/or indices. We do not enter into derivative instruments for speculative purposes.
We record all derivatives on our consolidated balance sheets at fair value and typically do not offset derivative assets and liabilities. Cash flows from derivative financial instruments and the related gains and losses are classified as cash flows from operating activities on the consolidated statements of cash flows. Excluding interest rate hedging instruments and cross-currency swaps, we generally do not enter into derivative instruments with maturities longer than three years. We are allowed to net settle transactions with respective counterparties for certain derivative contracts, inclusive of interest rate swaps and foreign currency forwards, with a single, net amount payable by one party to the other. As of September 28, 2025, and September 29, 2024, cash collateral pledged as part of our commodity derivative margin requirements was $37.9 million and $12.4 million, respectively, and is included in prepaid expenses and other current assets on our consolidated balance sheets. The potential effects of netting arrangements with our derivative contracts, excluding the effects of collateral, would not have had a material impact on our consolidated balance sheets. We also hold cash and cash equivalents from various settled-to-market exchange traded futures related to coffee and dairy hedging.
By using these derivative instruments, we expose ourselves to potential credit risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. We minimize this credit risk by entering into transactions with carefully selected, credit-worthy counterparties and distribute contracts among several financial institutions to reduce the concentration of credit risk. We also enter into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds. As of September 28, 2025, and September 29, 2024, cash collateral received under collateral security arrangements was $187.0 million and $230.9 million, respectively, and is included in other long-term liabilities on our consolidated balance sheets.
Cash Flow Hedges
For derivative instruments that are designated and qualify as a cash flow hedge, the derivative’s gain or loss is reported as a component of other comprehensive income (“OCI”) and recorded in accumulated other comprehensive income (“AOCI”) on our consolidated balance sheets. The gain or loss is subsequently reclassified into net earnings when the hedged exposure affects net earnings, in the same line item as the underlying hedged item on our consolidated statements of earnings.
Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. For de-designated cash flow hedges where it is probable that the hedged transaction will not occur during the originally specified time period or within an additional two-month period thereafter, the related accumulated derivative gains or losses are recognized in interest income and other, net on our consolidated statements of earnings.
Net Investment Hedges
For derivative instruments that are designated and qualify as a net investment hedge, the derivative’s, or qualifying non-derivative instrument’s, gain or loss is reported as a component of OCI and recorded in AOCI. The gain or loss will be subsequently reclassified into net earnings when the hedged net investment is either sold or substantially liquidated.
Fair Value Hedges
For derivative instruments that are designated and qualify as a fair value hedge, the changes in fair value of the derivative instrument and the offsetting changes in fair value of the underlying hedged item due to changes in the hedged risk are recorded in interest income and other, net or interest expense on our consolidated statements of earnings.
Derivatives Not Designated As Hedging Instruments
We also enter into certain foreign currency forward contracts, commodity futures contracts, collars, and swaps that are not designated as hedging instruments for accounting purposes. The changes in the fair values of these contracts are immediately recognized in interest income and other, net on our consolidated statements of earnings.
Normal Purchase Normal Sale
We enter into fixed-price and price-to-be-fixed green coffee purchase commitments, which we expect will result in physical delivery and utilization in the ordinary course of business in a reasonable period of time. Since these types of purchase commitments qualify for the normal purchase normal sale exemption, they are not recorded as derivative instruments on our consolidated balance sheets.
Refer to Note 3, Derivative Financial Instruments, and Note 5, Inventories, for further discussion of our derivative instruments and green coffee purchase commitments.
Receivables, net of Allowance for Credit Losses
Our receivables are mainly generated from product and equipment sales to, and royalties from, our licensees, as well as from our Global Coffee Alliance and other Channel Development customers. The primary indicators of the credit quality of our receivables are aging, payment history, economic sector information, and outside credit monitoring. These indicators are assessed on a quarterly basis. Our credit loss exposure is mainly concentrated in our accounts receivable portfolio. Our allowance for credit losses is calculated using a loss-rate method based on historical experience, current market conditions, and reasonable forecasts. For the fiscal year ended September 28, 2025, we did not observe a significant deterioration of our receivable portfolio that required a significant increase in our allowance for credit losses. As of September 28, 2025, and September 29, 2024, our allowance for credit losses was $24.0 million and $21.2 million, respectively.
Inventories
Inventories are stated at the lower of cost (primarily moving average cost) or net realizable value. We record inventory reserves for obsolete and slow-moving inventory and for estimated shrinkage between physical inventory counts. Inventory reserves are based on inventory obsolescence trends, historical experience, and application of the specific identification method. As of September 28, 2025, and September 29, 2024, inventory reserves were $56.6 million and $58.0 million, respectively.
Property, Plant and Equipment
Property, plant and equipment is carried at cost less accumulated depreciation. Cost includes all direct costs necessary to acquire and prepare assets for use or to develop or obtain internal-use software, including internal labor and overhead in some cases. Depreciation is computed using the straight-line method over estimated useful lives of the assets, generally ranging from 2 to 15 years for equipment, 30 to 40 years for buildings, and 2 to 8 years for capitalized software. Leasehold improvements are amortized over the shorter of their estimated useful lives or the related lease life, generally 10 years. For leases with renewal periods at our option, we generally use the original lease term, excluding renewal option periods, to determine estimated useful lives. If failure to exercise a renewal option imposes a significant economic penalty to us, we may determine at the inception of the lease that renewal is reasonably assured and include the renewal option period in the determination of the appropriate estimated useful lives. Capitalized software includes the costs of developing or obtaining internal-use software, such as external direct costs of materials and services, payroll and benefits costs, interest costs, and costs to develop or obtain software that allows for access or conversion of historical data by new systems. We capitalize costs when the preliminary project stage is complete, management has authorized and committed to funding the software project, it is probable that the software project will be completed, and it is probable that the software will be used to perform the intended function.
The portion of depreciation expense related to production and distribution facilities is included in product and distribution costs on our consolidated statements of earnings. The costs of repairs and maintenance are expensed when incurred, while expenditures for refurbishments and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. When assets are disposed of, whether through retirement or sale, the net gain or loss is recognized in
net earnings. Long-lived assets to be disposed of are reported at the lower of their carrying amount or fair value less estimated costs to sell.
We evaluate property, plant and equipment for impairment when facts and circumstances indicate that the carrying values of such assets may not be recoverable. When evaluating for impairment, we first compare the carrying value of the asset to the asset’s estimated future undiscounted cash flows. If the estimated undiscounted future cash flows are less than the carrying value of the asset, we determine if we have an impairment loss by comparing the carrying value of the asset to the asset’s estimated fair value and recognize an impairment charge when the asset’s carrying value exceeds its estimated fair value. The fair value of the asset is estimated using a discounted cash flow model based on forecasted future revenues and operating costs, using internal projections. Property, plant and equipment assets and ROU assets related to the store lease are grouped at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. For company-operated store assets, the impairment test is performed at the individual store asset group level.
We recognized net disposition and impairment charges of $595.3 million, $94.0 million, and $91.1 million in fiscal 2025, 2024, and 2023, respectively. Included in these amounts, we recorded $102.2 million, $23.3 million, and $23.2 million of impairment losses within store operating expenses on our consolidated statements of earnings during the fiscal years ended September 28, 2025, September 29, 2024, and October 1, 2023, respectively. Further, of the total net impairment and disposition charges recorded in fiscal 2025, $352.8 million was restructuring related and recorded in restructuring and impairment expenses. See Note 18, Restructuring, to the consolidated financial statements included in Item 8 of Part II of this 10-K, for further discussion. Unless it is restructuring related, the nature of the underlying asset that is impaired or disposed of will determine the operating expense line on which the related impact is recorded on our consolidated statements of earnings.
Leases
The majority of our leases are operating leases for our company-operated retail store locations. We also lease, among other things, roasting, distribution and warehouse facilities, and office space for corporate administrative purposes.
We categorize leases as either operating or finance leases at the commencement date of the lease. Operating lease agreements may contain tenant improvement allowances, rent holidays, rent escalation clauses, and/or contingent rent provisions. We have lease agreements with lease and non-lease components, which are accounted for together as a single lease component for all underlying classes of assets.
We recognize a ROU asset and lease liability for each operating and finance lease with a contractual term greater than 12 months at the time of lease inception. We do not record leases with an initial term of 12 months or less on our consolidated balance sheet but continue to record rent expense on a straight-line basis over the lease term. We review contracts for identified assets where we have the right to direct the use of the asset and record those agreements as embedded leases on our consolidated balance sheet. Our leases often include options to extend or terminate at our sole discretion, which are included in the determination of lease term when they are reasonably certain to be exercised.
Our lease liability represents the present value of future lease payments over the lease term. Given our policy election to combine lease and non-lease components, we also consider fixed common area maintenance (“CAM”) part of our fixed future lease payments; therefore, fixed CAM is also included in our lease liability.
We generally cannot determine the interest rate implicit in each of our leases. Therefore, we typically use market and term-specific incremental borrowing rates. Our incremental borrowing rate for a lease is the rate of interest we expect to pay on a collateralized basis to borrow an amount under similar terms. Because we do not borrow on a collateralized basis, we consider a combination of factors, including our credit-adjusted risk-free interest rate, the risk profile and funding cost of the specific geographic market of the lease, the lease term, and the effect of adjusting the rate to reflect consideration of collateral. Our credit-adjusted risk-free rate takes into consideration interest rates we pay on our unsecured long-term bonds as well as quoted interest rates obtained from financial institutions.
Total lease costs recorded as rent and other occupancy costs include fixed operating lease costs, variable lease costs, and short-term lease costs. Most of our real estate leases require we pay certain expenses, such as CAM costs, real estate taxes, and other executory costs, of which the fixed portion is included in operating lease costs. We recognize operating lease costs on a straight-line basis over the lease term. In addition to the above costs, variable lease costs also include amounts based on a percentage of gross sales in excess of specified levels, the costs of which are recognized when probable and are not included in determining the present value of our lease liability. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. A significant majority of our leases are related to our company-operated stores, and the related costs are recorded within store operating expenses.
The ROU asset is measured at the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, initial direct costs, and any tenant improvement allowances received. For operating leases, ROU assets are reduced over the lease term by the recognized straight-line lease expense less the amount of accretion of the lease liability determined using the effective interest method. For finance leases, ROU assets are amortized on a straight-line basis over the
shorter of the useful life of the leased asset or the lease term. Interest expense on each finance lease liability is recognized utilizing the effective interest method. ROU assets are tested for impairment in the same manner as long-lived assets.
Additionally, we monitor for events or changes in circumstances that may require a reassessment of one of our leases and determine if a remeasurement is required. See Note 10, Leases, for additional details. For the year ended September 28, 2025, we recognized accelerated amortization of ROU lease assets and other lease exit costs of $239.3 million, due to store closures prior to the end of contractual lease terms, which was recorded in restructuring and impairments on the consolidated statement of earnings. See Note 18, Restructuring, to the consolidated financial statements included in Item 8 of Part II of this 10-K, for further discussion.
Goodwill
We evaluate goodwill for impairment annually during our third fiscal quarter, or more frequently if an event occurs or circumstances change, such as material deterioration in performance or a significant number of store closures, indicating that the carrying value of our goodwill may not be recoverable. When evaluating goodwill for impairment, we may first perform a qualitative assessment to determine whether it is more likely than not that a reporting unit is impaired. If we do not perform a qualitative assessment, or if we determine that it is not more likely than not that the fair value of the reporting unit exceeds its carrying amount, we calculate the estimated fair value of the reporting unit. Fair value is typically calculated using a discounted cash flow model. For certain reporting units, where deemed appropriate, we may also utilize a market approach for estimating fair value. If the carrying amount of the reporting unit exceeds the estimated fair value, an impairment charge is recorded to reduce the carrying value to the estimated fair value.
As part of our ongoing operations, we may close certain stores within a reporting unit containing goodwill due to underperformance of the store or inability to renew our lease, among other reasons. We may abandon certain assets associated with a closed store, including leasehold improvements and other non-transferable assets. When a portion of a reporting unit that constitutes a business is to be disposed of, goodwill associated with the business is included in the carrying amount of the business in determining any loss on disposal. Our evaluation of whether the portion of a reporting unit being disposed of constitutes a business occurs on the date of abandonment. Although an operating store meets the accounting definition of a business prior to abandonment, it does not constitute a business on the closure date because the remaining assets on that date do not constitute an integrated set of activities (substantive processes) and assets that are capable of being managed for the purpose of providing a return to investors. As a result, when closing individual stores, we do not include goodwill in the calculation of any loss on disposal of the related assets.
We recorded no goodwill impairment during fiscal 2025, fiscal 2024, and fiscal 2023. See Note 8, Other Intangible Assets and Goodwill, for further information.
Other Intangible Assets
Other intangible assets include finite-lived intangible assets, which mainly consist of acquired and reacquired rights, trade names, trade secrets, licensing agreements, contract-based patents, and copyrights. These assets are amortized over their estimated useful lives and are tested for impairment using a similar methodology to our property, plant and equipment, as described above.
Indefinite-lived intangibles, which consist primarily of trade names and trademarks, are tested for impairment annually during the third fiscal quarter, or more frequently if an event occurs or circumstances change, indicating that the carrying value of the intangibles may not be recoverable. When evaluating other intangible assets for impairment, we may first perform a qualitative assessment to determine whether it is more likely than not that an intangible asset group is impaired. If we do not perform the qualitative assessment, or if we determine that it is not more likely than not that the fair value of the intangible asset group exceeds its carrying amount, we calculate the estimated fair value of the intangible asset group. Fair value is the price a willing buyer would pay for the intangible asset group and is typically calculated using an income approach, such as a relief-from-royalty model. If the carrying amount of the intangible asset group exceeds the estimated fair value, an impairment charge is recorded to reduce the carrying value to the estimated fair value. In addition, we continuously monitor and may revise our intangible asset useful lives if and when facts and circumstances change.
There were no significant other intangible asset impairment charges recorded during fiscal years 2025, 2024, and 2023. See Note 8, Other Intangible Assets and Goodwill, for further information.
Insurance Reserves
We use a combination of insurance and self-insurance mechanisms, including a wholly-owned captive insurance entity and participation in a reinsurance treaty, to provide for the potential liabilities for certain risks, including workers’ compensation, healthcare benefits, general liability, and property insurance. Liabilities associated with the risks that are retained by us are not discounted and are estimated, in part, by considering historical claims experience, demographics, exposure and severity factors, and other actuarial assumptions.
Revenue Recognition
Consolidated revenues are presented net of intercompany eliminations for wholly-owned subsidiaries and investees controlled by us and for product sales to, and royalty and other fees from, licensees accounted for under the equity method. Additionally, consolidated revenues are recognized net of any discounts, returns, allowances, and sales incentives, including coupon redemptions and rebates.
Company-operated Store Revenues
Company-operated store revenues are recognized when payment is tendered at the point-of-sale as the performance obligation has been satisfied. For products sold via delivery platforms, contractual terms are evaluated for each service provider to determine gross versus net presentation, and revenues are also recognized when control of products are transferred to the customers. Delivery service fees were immaterial in the periods presented. Company-operated store revenues are reported excluding sales, use, or other transaction taxes that are collected from customers and remitted to taxing authorities.
Licensed Store Revenues
Licensed store revenues consist of product and equipment sales, royalties, and other fees paid by licensees using the Starbucks brand. Sales of coffee, tea, food, and related products are generally recognized upon shipment to licensees, depending on contract terms. Shipping charges billed to licensees are also recognized as revenue, and the related shipping costs are included in product and distribution costs on our consolidated statements of earnings.
We consider pre-opening services, including site evaluation and selection, store architectural/design and development, and operational training, to be performance obligations that are separate from the license to operate under the Starbucks brand. These services provide distinct value to our licensees, including business and industry insight and knowledge that transfers value apart from the license. Revenues associated with pre-opening services are recognized upon completion of the related performance obligations, generally when a store is opened. Royalty revenues are recognized based upon a percentage of reported sales, and other continuing fees, such as marketing and service fees, are recognized as the performance obligations are met.
Stored Value Cards
Stored value cards can be activated through various channels, including at our company-operated and most licensed store locations, online at Starbucks.com, or via mobile devices held by our customers and at certain other third-party websites and locations, such as grocery stores, although they cannot be reloaded at these third-party websites or locations. Amounts loaded onto stored value cards are initially recorded as deferred revenue and recognized as revenue upon redemption. Historically, the majority of stored value cards are redeemed within one year.
In many of our company-operated markets, including the U.S., our stored value cards do not have an expiration date, nor do we charge service fees that cause a decrement to customer balances. Based on historical redemption rates, a portion of stored value cards is not expected to be redeemed and will be recognized as breakage over time in proportion to stored value card redemptions. The redemption rates are based on historical redemption patterns for each market, including the timing and business channel in which the card was activated or reloaded, and remittance to government agencies under unclaimed property laws, if applicable.
Breakage is recognized as company-operated stores and licensed stores revenue within the consolidated statement of earnings. For the fiscal years ended September 28, 2025, September 29, 2024, and October 1, 2023, we recognized breakage revenue of $200.4 million, $187.6 million, and $196.1 million in company-operated store revenues, respectively, and $22.0 million, $20.0 million, and $18.9 million in licensed store revenues, respectively.
Loyalty Program
Customers in the U.S., Canada, and certain other countries who register their stored value card are automatically enrolled in the Starbucks Rewards program, which is primarily a spend-based loyalty program. They earn loyalty points (“Stars”) in a variety of ways, including with each purchase at participating Starbucks stores. Starbucks Rewards members can earn Stars by paying with cash, credit or debit cards, or selected mobile wallets at company-operated and certain participating licensed stores in the U.S. and Canada. After accumulating a certain number of Stars, the customer earns a reward that can be redeemed for free product that, regardless of where the related Stars were earned within that country, will be honored at company-operated stores and certain participating licensed store locations in that same country.
We defer revenue associated with the estimated selling price of Stars earned by Starbucks Rewards members towards free products as each Star is earned and a corresponding liability is established in deferred revenue. This deferral is based on the estimated value of the product for which the reward is expected to be redeemed, net of estimated unredeemed Stars. Stars generally expire after six to twelve months, depending on the market.
When a customer redeems an earned reward, we recognize revenue for the redeemed product and reduce the related deferred revenue.
Other Revenues
Other revenues primarily include royalty revenues, sales of packaged coffee, tea, and a variety of ready-to-drink beverages and single-serve coffee and tea products to customers outside of our company-operated and licensed stores. Sales of these products are generally recognized upon shipment to customers, depending on contract terms.
Other revenues also include product sales to, and licensing revenue from, Nestlé related to our Global Coffee Alliance. Product sales to Nestlé are generally recognized when the product is shipped, whereas royalty revenues are recognized based on a percentage of reported sales.
Deferred Revenues
Our deferred revenue primarily consists of the up-front prepaid royalty from Nestlé, for which we have continuing performance obligations to support the Global Coffee Alliance, and our unredeemed stored value card liability and unredeemed Stars associated with our loyalty program. See Note 11, Deferred Revenue, for further information.
Disaggregation of Revenues
Revenues disaggregated by segment, product type, and geographic area are disclosed in Note 17, Segment Reporting
Product and Distribution Costs
Product and distribution costs primarily include expenses related to raw materials, purchased goods, packaging, delivery, and tariff impacts, along with operational costs of our supply chain organization. This encompasses wages, benefits, occupancy costs, and depreciation associated with sourcing, procuring, manufacturing, warehousing, and transportation of products sold at our company-operated and licensed stores, as well as through Channel Development and our other businesses. Additionally, it includes costs related to inventory and supply chain asset impairment
Store Operating Expenses
Store operating expenses consist of costs incurred in our company-operated stores, primarily wages and benefits related to store partners (employees), occupancy costs, marketing, delivery commissions, and other costs that directly support the operation and sales-related activities of those stores.
General and Administrative Expenses
General and administrative expenses primarily consist of wages and benefits, professional service fees, and occupancy costs for corporate headquarters and regional offices that support our corporate functions
Advertising
We expense most advertising costs as they are incurred, except for certain production costs that are expensed the first time the advertising takes place. Advertising expenses totaled $869.5 million, $597.3 million, and $507.8 million in fiscal 2025, 2024, and 2023, respectively.
Store Preopening Expenses
Costs incurred in connection with the start-up and promotion of new company-operated store openings are expensed as incurred.
Asset Retirement Obligations
We recognize a liability for the fair value of required asset retirement obligations (“ARO”) when such obligations are incurred. Our AROs are primarily associated with leasehold improvements, which, at the end of a lease, we are contractually obligated to remove to comply with the lease agreement. At the inception of a lease with such conditions, we record an ARO liability and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. We estimate the liability using a number of assumptions, including store closing costs, cost inflation rates, and discount rates, and accrete the liability to its projected future value over time. The capitalized asset is depreciated using the same depreciation convention as leasehold improvement assets. Upon satisfaction of the ARO conditions, any difference between the recorded ARO liability and the actual retirement costs incurred is recognized as a gain or loss in store operating expenses on our consolidated statements of earnings. As of September 28, 2025, and September 29, 2024, our net ARO assets included in property, plant and equipment were $25.5 million and $25.1 million, respectively, and our net ARO liabilities included in other long-term liabilities were $126.3 million and $119.2 million, respectively.
Stock-based Compensation
We maintain several equity incentive plans under which we may grant non-qualified stock options, incentive stock options, restricted stock, restricted stock units (“RSUs”), or stock appreciation rights to employees, non-employee directors, and consultants; stock options have not been broadly used as part of our compensation strategy in recent years. We also have an employee stock purchase plan (“ESPP”). RSUs issued by us are equivalent to nonvested shares under the applicable accounting guidance. We record stock-based compensation expense based on the fair value of stock awards at the grant date and recognize the expense over the related service period following a graded vesting expense schedule. Expense for performance-based RSUs is recognized when it is probable the performance goal will be achieved. Performance goals are determined by the Board and may include measures such as earnings per share, comparable store sales, operating income, return on invested capital, total shareholder return, and metrics focused on achievement of key components of the “Back to Starbucks” plan. The fair value of RSUs is based on the closing price of Starbucks common stock on the award date, less the present value of the dividends expected to be paid on the underlying shares during the vesting period. The fair value of each stock option granted is estimated on the grant date using the Black-Scholes-Merton option valuation model. The assumptions used to calculate the fair value of options granted are evaluated and revised, as necessary, to reflect market conditions and our historical experience. If applicable, our total shareholder return relative to our peer group is incorporated into the underlying assumptions using a Monte Carlo simulation valuation model to calculate grant date fair value. The related assumptions used in the Monte Carlo simulation valuation model include expected term, volatility, dividend yield, and risk-free interest rate. Compensation expense is recognized over the requisite service period for each separately vesting portion of the award, and only for those awards expected to vest, with forfeitures estimated at the date of grant based on our historical experience and future expectations.
Foreign Currency Translation
Our international operations generally use their local currency as their functional currency. Assets and liabilities are translated at exchange rates in effect at the balance sheet date. Income and expense accounts are translated at the average monthly exchange rates during the year. Resulting translation adjustments are reported as a component of OCI and recorded in AOCI on our consolidated balance sheets.
Income Taxes
We compute income taxes using the asset and liability method, under which deferred income taxes are recognized based on the differences between the financial statement carrying amounts and the respective tax bases of our assets and liabilities. Deferred tax assets and liabilities are measured using current enacted tax rates expected to apply to taxable income in the years in which we expect the temporary differences to reverse. The effect of a change in tax rates on deferred taxes is recognized in income in the period that includes the enactment date.
We routinely evaluate the likelihood of realizing the benefit of our deferred tax assets and may record a valuation allowance if, based on all available evidence, we determine that some portion of the tax benefit will not be realized. In evaluating our ability to recover our deferred tax assets within the jurisdictions from which they arise, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax-planning strategies, and results of recent operations. If we determine that we would be able to realize our deferred tax assets in the future in excess of their net recorded amount, we would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.
In addition, our income tax returns are periodically audited by domestic and foreign tax authorities. These audits include review of our tax filing positions, including the timing and amount of deductions taken and the allocation of income between tax jurisdictions. We evaluate our exposures associated with our various tax filing positions and recognize a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the relevant taxing authorities, including resolutions of any related appeals or litigation processes, based on the technical merits of our position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. For uncertain tax positions that do not meet this threshold, we record a related liability. We adjust our unrecognized tax benefit liability and income tax expense in the period in which the uncertain tax position is effectively settled, the statute of limitations expires for the relevant taxing authority to examine the tax position, or when new information becomes available.
Starbucks recognizes interest and penalties related to income tax matters in income tax expense on our consolidated statements of earnings. Accrued interest and penalties are included within the related tax balances on our consolidated balance sheets.
Global intangible low-taxed income (“GILTI”) provisions are applied, providing an incremental tax on foreign income. We have made a policy election to classify taxes due under the GILTI provision as a current period expense.
Earnings per Share
Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock and the effect of dilutive potential common shares outstanding during the period, calculated using the treasury stock method. Dilutive potential common shares include outstanding stock options and RSUs. Performance-based RSUs are considered dilutive when the related performance criterion has been met.
Common Stock Share Repurchases
We may repurchase shares of Starbucks common stock under a program authorized by our Board, including pursuant to a contract, instruction, or written plan meeting the requirements of Rule 10b5-1(c)(1) of the Exchange Act. Under applicable Washington State law, shares repurchased are retired and not displayed separately as treasury stock on the financial statements. Instead, the par value of repurchased shares is deducted from common stock, and the excess repurchase price over par value is deducted from additional paid-in capital and from retained earnings (deficit).
Recent Accounting Pronouncements
Recently Adopted Accounting Pronouncements
In the fourth quarter of fiscal 2025, we adopted the Financial Accounting Standards Board (“FASB”) issued guidance expanding segment disclosure requirements. The amendments require enhanced disclosure for certain segment items and disclosure on how our Chief Operating Decision Maker (“CODM”) uses reported measures to assess segment performance. The amendments do not change how segments are determined, aggregated, or how thresholds are applied to determine reportable segments. The adoption of this guidance did not have a significant impact on our consolidated financial statement disclosures. Refer to Note 17, Segment Reporting, for our segment disclosures including enhancements as a result of the amendments.
Recent Accounting Pronouncements Not Yet Adopted
In December 2023, the FASB issued guidance expanding disclosure requirements related to income taxes. The amendments require enhanced jurisdictional disclosures for the income tax rate reconciliation and related to cash income taxes paid. Additionally, certain disclosures related to unrecognized tax benefits and indefinite reinvestment assertions were removed. The amendments are effective for our fiscal year ending September 27, 2026. While we are still evaluating the specific impacts, we anticipate this guidance will have a significant impact on our annual income tax disclosures.
In November 2024, the FASB issued guidance expanding disclosure requirements related to certain income statement expenses. The amendments require tabular disclosure of certain operating expenses disaggregated into categories, such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The amendments are effective for our fiscal year ending October 1, 2028, and may be applied retrospectively. While we are still evaluating the specific impacts and adoption method, we anticipate this guidance will have a significant impact on our consolidated financial statement disclosures.
In July 2025, the FASB issued guidance providing a practical expedient for measuring expected credit losses on current accounts receivable and current contract assets arising from revenue transactions. The amendment is effective for our fiscal year ended October 3, 2027. While we are still evaluating the specific impacts, we anticipate the impact to be limited to the simplification of the estimation process, with no material impact on the allowance for credit losses.
v3.25.3
Derivative Financial Instruments
12 Months Ended
Sep. 28, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Interest Rates
From time to time, we enter into designated cash flow hedges to manage the variability in cash flows due to changes in benchmark interest rates. We enter into interest rate swap agreements, including forward-starting interest rate swaps and treasury locks, settled in cash based upon the difference between an agreed-upon benchmark rate and the prevailing benchmark rate at settlement. These agreements are generally settled around the time of the pricing of the related debt. Each derivative agreement’s gain or loss is recorded in AOCI and is subsequently reclassified to interest expense over the life of the related debt.
To hedge the exposure to changes in the fair value of our fixed-rate debt, we enter into interest rate swap agreements, which are designated as fair value hedges. The changes in fair values of these derivative instruments and the offsetting changes in fair values of the underlying hedged debt due to changes in the relevant benchmark interest rates are recorded in interest expense. Refer to Note 9, 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 royalty revenue, inventory purchases, and intercompany borrowing and lending activities. The resulting gains and losses from these derivatives are recorded in AOCI and subsequently reclassified to revenue, product and distribution costs, or interest income and other, net, respectively, when the hedged exposures affect net earnings.
From time to time, we may enter into financial instruments, including, but not limited to, forward and swap contracts or foreign currency-denominated debt, to hedge the currency exposure of our net investments in certain international operations. The resulting gains and losses from these derivatives are recorded in AOCI and are subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated. Gains and losses from these derivatives, representing hedged components excluded from the assessment of effectiveness, are amortized over the life of the hedging instrument using a systematic and rational method and recognized in interest expense.
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, and these gains and losses are recorded in interest income and other, net.
Commodities
Depending on market conditions, we may enter into coffee forward contracts, futures contracts, and collars to hedge anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 5, Inventories, or our longer-dated forecasted coffee demand where underlying fixed price and price-to-be-fixed contracts are not yet available. The resulting gains and losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.
Depending on market conditions, we may also enter into dairy forward contracts and futures contracts to hedge a portion of anticipated cash flows under our dairy purchase contracts and our forecasted dairy demand. The resulting gains or losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.
Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. For de-designated cash flow hedges in which the underlying transactions are no longer probable of occurring or where price variability in the underlying cash flow ceases to exist, the related accumulated derivative gains or losses are recognized in interest income and other, net on our consolidated statements of earnings. These derivatives may be accounted for prospectively as non-designated derivatives until maturity, re-designated to new hedging relationships, or terminated early. We continue to believe transactions related to our designated cash flow hedges are probable to occur.
To mitigate the price uncertainty of a portion of our future purchases, including diesel fuel and other commodities, we enter into swap contracts, futures, and collars that are not designated as hedging instruments. The resulting gains and losses are recorded in interest income and other, net to help offset price fluctuations on our beverage, food, packaging, and transportation costs, which are included in product and distribution costs on our consolidated statements of earnings.
Gains and losses on derivative contracts and foreign currency-denominated debt designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
Net Gains/(Losses)
Included in AOCI
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
Outstanding Contract/Debt Remaining Maturity
(Months)
Sep 28,
2025
Sep 29,
2024
Oct 1,
2023
Cash Flow Hedges:
Coffee$23.3 $60.1 $(78.1)$20.0 6
Cross-currency swaps— 0.5 (0.6)— 0
Dairy— 2.0 (1.8)— 0
Foreign currency - other19.0 11.5 39.6 13.8 34
Interest rates(1.4)(3.6)(6.6)(3.6)0
Net Investment Hedges:
Cross-currency swaps206.2 96.5 87.1 — 102
Foreign currency16.0 16.0 16.0 — 0
Foreign currency debt135.2 135.2 140.2 — 0
Pre-tax gains and losses on derivative contracts and foreign currency-denominated long-term debt designated as hedging instruments recognized in OCI and reclassifications from AOCI to earnings (in millions):
Year Ended
Gains/(Losses)
Recognized in
OCI Before Reclassifications
Gains/(Losses) Reclassified from
AOCI to Earnings
Location of gain/(loss)
Sep 28,
2025
Sep 29,
2024
Oct 1,
2023
Sep 28,
2025
Sep 29,
2024
Oct 1,
2023
Cash Flow Hedges:
Coffee$40.4 $100.8 $(152.9)$86.5 $(61.2)$110.5 Product and distribution costs
Cross-currency swaps0.9 2.7 4.9 — 1.4 3.1 Interest expense
1.4 0.1 0.3 Interest income and other, net
Dairy(1.3)1.3 (11.1)1.4 (3.8)(12.3)Product and distribution costs
Foreign currency - other41.4 1.2 9.4 22.5 28.2 23.6 Licensed stores revenues
9.1 10.0 6.7 Product and distribution costs
— — 0.2 
Interest income and other, net
Interest rates(1.3)— 0.3 (4.1)(4.0)1.4 Interest expense
Net Investment Hedges:
Cross-currency swaps (1)
255.9 62.0 54.1 109.0 49.6 27.4 Interest expense
Foreign currency debt— (6.3)19.1 — — — 
(1) Gains and losses recognized in earnings relate to components excluded from the assessment of effectiveness.
Pre-tax gains and losses on non-designated derivatives and designated fair value hedging instruments and the related fair value hedged item recognized in earnings (in millions):
Gains/(Losses) Recognized in Earnings
 Location of gain/(loss) recognized in earnings Year Ended
 Sep 28, 2025Sep 29, 2024Oct 1, 2023
Non-Designated Derivatives:
DairyInterest income and other, net$0.1 $(0.1)$(0.1)
Diesel fuel and other commoditiesInterest income and other, net0.1 (1.9)(2.0)
CoffeeInterest income and other, net— — (5.4)
Foreign currency - otherInterest income and other, net2.4 0.1 (3.6)
Fair Value Hedges:
Interest rate swapInterest expense(7.1)9.9 (18.7)
Long-term debt (hedged item)Interest expense(2.0)(22.3)(12.3)

Notional amounts of outstanding derivative contracts (in millions):
Sep 28, 2025Sep 29, 2024
Coffee$387 $154 
Cross-currency swaps4,197 4,213 
Dairy— 65 
Diesel fuel and other commodities
Foreign currency - other930 920 
Interest rate swaps350 350 
Fair value of outstanding derivative contracts (in millions) including the location of the asset and/or liability on the consolidated balance sheets:
Derivative Assets
Balance Sheet LocationSep 28, 2025Sep 29, 2024
Designated Derivative Instruments(1):
Cross-currency swaps
Prepaid expenses and other current assets
$— $3.9 
Other long-term assets271.9 177.4 
DairyPrepaid expenses and other current assets— 0.8 
Foreign currency - otherPrepaid expenses and other current assets13.0 1.9 
Other long-term assets6.7 1.7 
Non-designated Derivative Instruments:
DairyPrepaid expenses and other current assets— 0.3 
Diesel fuel and other commoditiesPrepaid expenses and other current assets0.1 — 
Foreign currencyPrepaid expenses and other current assets2.7 1.8 
Derivative Liabilities
Balance Sheet LocationSep 28, 2025Sep 29, 2024
Designated Derivative Instruments:
Cross-currency swaps
Accrued liabilities
$5.8 $21.7 
Other long-term liabilities3.5 33.3 
Foreign currency - otherAccrued liabilities0.2 4.7 
Other long-term liabilities0.2 4.1 
Interest rate swaps
Other long-term liabilities17.0 19.2 
Non-designated Derivative Instruments:
Diesel fuel and other commodities
Accrued liabilities
— 0.3 
Foreign currencyAccrued liabilities1.1 2.5 
Other long-term liabilities0.2 0.1 
(1) We also hold cash and cash equivalents from various settled-to-market exchange traded futures related to coffee and dairy hedging.
The following amounts were recorded on the consolidated balance sheets related to fixed-to-floating interest rate swaps designated in fair value hedging relationships (in millions):
Carrying amount of hedged itemCumulative amount of fair value hedging adjustment included in the carrying amount
Sep 28, 2025Sep 29, 2024Sep 28, 2025Sep 29, 2024
Location on the balance sheet
Long-term debt
$334.1 $332.2 $(15.9)$(17.8)
Additional disclosures related to cash flow gains and losses included in AOCI, as well as subsequent reclassifications to earnings, are included in Note 12, Equity
v3.25.3
Fair Value Measurements
12 Months Ended
Sep. 28, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Assets and Liabilities Measured at Fair Value on a Recurring Basis (in millions):
  Fair Value Measurements at Reporting Date Using
 Balance at
September 28, 2025
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$3,219.8 $3,219.8 $— $— 
Short-term investments:
Available-for-sale debt securities:
Corporate debt securities67.8 — 55.9 11.9 
Mortgage and other asset-backed securities0.4 — 0.4 — 
State and local government obligations1.1 — 1.1 — 
U.S. government treasury securities82.6 82.6 — — 
Total available-for-sale debt securities151.9 82.6 57.4 11.9 
Marketable equity securities95.3 95.3 — — 
Total short-term investments247.2 177.9 57.4 11.9 
Prepaid expenses and other current assets:
Derivative assets15.9 — 15.9 — 
Long-term investments:
Available-for-sale debt securities:
Corporate debt securities132.2 — 105.5 26.7 
Mortgage and other asset-backed securities75.7 — 75.7 — 
State and local government obligations2.7 — 2.7 — 
U.S. government treasury securities36.3 36.3 — — 
Total Available-for-sale debt securities246.9 36.3 183.9 26.7 
Total long-term investments246.9 36.3 183.9 26.7 
Other long-term assets:
Derivative assets278.6 — 278.6 — 
Total assets$4,008.4 $3,434.0 $535.8 $38.6 
Liabilities:
Accrued liabilities:
Derivative liabilities$7.1 $— $7.1 $— 
Other long-term liabilities:
Derivative liabilities20.9 — 20.9 — 
Total liabilities$28.0 $— $28.0 $— 
  Fair Value Measurements at Reporting Date Using
 Balance at
September 29, 2024
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$3,286.2 $3,286.2 $— $— 
Short-term investments:
Available-for-sale debt securities
Corporate debt securities
51.8 — 51.8 — 
Foreign corporate bonds
0.2 — 0.2 — 
Mortgage and other asset-backed securities0.4 — 0.4 — 
State and local government obligations
1.4 — 1.4 — 
U.S. government treasury securities36.9 36.9 — — 
Total available-for-sale debt securities90.7 36.9 53.8 — 
Structured deposits84.1 — 84.1 — 
Marketable equity securities82.2 82.2 — — 
Total short-term investments257.0 119.1 137.9 — 
Prepaid expenses and other current assets:
Derivative assets8.7 — 8.7 — 
Long-term investments:
Available-for-sale debt securities
Corporate debt securities112.8 — 101.8 11.0 
Mortgage and other asset-backed securities64.4 — 64.4 — 
State and local government obligations3.7 — 3.7 — 
U.S. government treasury securities94.9 94.9 — — 
Total Available-for-sale debt securities
275.8 94.9 169.9 11.0 
Structured Deposit
0.2 — 0.2 — 
Total long-term investments
276.0 94.9 170.1 11.0 
Other long-term assets:
Derivative assets179.1 — 179.1 — 
Total assets$4,007.0 $3,500.2 $495.8 $11.0 
Liabilities:
Accrued liabilities:
Derivative liabilities$29.2 $— $29.2 $— 
Other long-term liabilities:
Derivative liabilities56.7 — 56.7 — 
Total liabilities$85.9 $— $85.9 $— 
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.
Available-for-sale Debt Securities
The majority of long-term investments mature within 5 years. Proceeds from sales of securities were $1.1 million, $1.3 million, and $2.5 million for fiscal 2025, 2024, and 2023, respectively. Realized gains and losses were not material for fiscal 2025, 2024, and 2023. Gross unrealized holding gains and losses were not material as of September 28, 2025, and September 29, 2024.
Marketable Equity Securities
Marketable equity securities include equity mutual funds and exchange-traded funds. Our marketable equity securities portfolio approximates a portion of our liability under our MDCP, a defined contribution plan. Our MDCP liability was $115.6 million and $112.3 million as of September 28, 2025, and September 29, 2024, respectively. The changes in net unrealized holding gains and losses in the marketable equity securities portfolio included in earnings for fiscal 2025, 2024, and 2023 were not material. Gross unrealized holding gains and losses on marketable equity securities were not material as of September 28, 2025, and September 29, 2024.
Derivative Assets and Liabilities
Derivative assets and liabilities are described further in Note 3, Derivative Financial Instruments.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, ROU assets, goodwill and other intangible assets, equity and other investments, and other assets. These assets are measured at fair value if determined to be impaired. Impairment of property, plant and equipment and ROU assets is included in Note 1, Summary of Significant Accounting Policies and Estimates.
We recognized impairments during fiscal years ended September 28, 2025, September 29, 2024, and October 1, 2023. See Note 1, Summary of Significant Accounting Policies and Estimates, and Note 18, Restructuring, to the consolidated financial statements included in Item 8 of Part II of this 10-K for additional discussion of these impairments.
Fair Value of Other Financial Instruments
The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 9, Debt.
v3.25.3
Inventories
12 Months Ended
Sep. 28, 2025
Inventory Disclosure [Abstract]  
Inventory Disclosure Inventories (in millions)
Sep 28, 2025Sep 29, 2024
Coffee:
Unroasted$911.2 $665.1 
Roasted342.0 251.9 
Other merchandise held for sale (1)
399.7 384.6 
Packaging and other supplies532.7 475.7 
Total$2,185.6 $1,777.3 
(1) “Other merchandise held for sale” includes, among other items, serveware, food, and tea. Inventory levels vary due to seasonality, commodity market supply, and price fluctuations.
As of September 28, 2025, we had committed to purchasing green coffee totaling $129 million under fixed-price contracts and an estimated $1.1 billion under price-to-be-fixed contracts. A portion of our price-to-be-fixed contracts are effectively fixed through the use of futures. See Note 3, Derivative Financial Instruments, for further discussion. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period, and other negotiated terms are agreed upon, but the date, and therefore the price, at which the base “C” coffee commodity price component will be fixed has not yet been established. For most contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. For other contracts, Starbucks and the seller may agree upon pricing parameters determined by the base “C” coffee commodity price. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on established relationships with our suppliers and continuous monitoring, the risk of non-delivery on these purchase commitments is remote.
v3.25.3
Equity Investments
12 Months Ended
Sep. 28, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Equity and Other Investments Equity Investments (in millions)
Sep 28, 2025Sep 29, 2024
Equity method investments$418.9 $424.1 
Other investments47.3 39.8 
Total$466.2 $463.9 
Equity Method Investments
As of September 28, 2025 and September 29, 2024, we had a 50% ownership interest in Tata Starbucks Limited (India), with a carrying value of $39.3 million and $41.1 million, respectively. Tata Starbucks Limited (India) operates licensed Starbucks® retail stores.
We also license the rights to produce and distribute Starbucks-branded products to our 50% owned joint venture, The North American Coffee Partnership with the Pepsi-Cola Company, which develops and distributes bottled Starbucks® beverages, including Frappuccino coffee drinks, Starbucks Doubleshot espresso drinks, Starbucks® Iced Espresso Classics, and Starbucks® Iced Coffee. As of September 28, 2025 and September 29, 2024, the carrying value of this investment was $74.0 million and $112.3 million, respectively.
Our share of income and losses from our equity method investments is included in income from equity investees on our consolidated statements of earnings. Also included in this line item is our proportionate share of gross profit resulting from coffee and other product sales to, and royalty and license fee revenues generated from, equity investees. Revenues generated from these entities were $58.1 million, $62.6 million, and $85.7 million in fiscal 2025, 2024, and 2023, respectively. Related product and distribution costs were $57.7 million, $58.6 million, and $85.6 million in fiscal 2025, 2024, and 2023, respectively. As of September 28, 2025, and September 29, 2024, there were $17.3 million and $12.2 million of accounts receivable from equity investees, respectively, on our consolidated balance sheets, primarily related to product sales and royalty revenues.
We also hold equity interests in other entities to support our corporate and investment strategies, which are not core to our business, including our limited partnership interest in Valor Siren Ventures I L.P. and Valor Siren Ventures II L.P, which are private equity funds investing in technologies, products, and solutions relating to food or retail. The total carrying value of these investments was $242.4 million and $211.9 million, as of September 28, 2025 and September 29, 2024, respectively. Our share of income and losses from these private equity interests is included in interest income and other, net on our consolidated statements of earnings. The related financial statement activities were not material during the periods presented.
Other Investments
We have equity interests in entities that develop and operate Starbucks licensed stores in several global markets, as well as in companies that support our strategic initiatives. We do not have significant influence over these entities, and their fair values are not readily determinable. Therefore, we elected to measure these investments at cost with adjustments for observable changes in price or impairment.
v3.25.3
Supplemental Balance Sheet and Statement of Earnings
12 Months Ended
Sep. 28, 2025
Balance Sheet and Statement of Earnings Related Disclosures [Abstract]  
Supplemental Balance Sheet and Income Statement Disclosures Supplemental Balance Sheet and Statement of Earnings Information (in millions)
Property, Plant and Equipment, net
Sep 28, 2025Sep 29, 2024
Land$54.9 $56.9 
Buildings673.7 684.8 
Leasehold improvements11,762.4 11,453.9 
Store equipment3,963.6 3,803.6 
Roasting equipment982.2 865.7 
Capitalized software
1,177.7 1,049.7 
Furniture, fixtures and other893.9 775.5 
Work in progress334.3 750.9 
Property, plant and equipment, gross19,842.7 19,441.0 
Accumulated depreciation(11,349.2)(10,775.5)
Property, plant and equipment, net$8,493.5 $8,665.5 
Accrued Liabilities
Sep 28, 2025Sep 29, 2024
Accrued occupancy costs$89.5 $81.7 
Accrued dividends payable704.8 691.2 
Accrued capital and other operating expenditures897.0 842.8 
Insurance reserves
282.3 244.3 
Income taxes payable150.3 123.5 
Accrued business taxes235.8 211.2 
Total accrued liabilities$2,359.7 $2,194.7 
Store Operating Expenses
Year Ended
Sep 28, 2025Sep 29, 2024Oct 1, 2023
Wages and benefits$9,862.4 $8,828.6 $8,733.4 
Occupancy costs3,318.6 3,050.6 2,871.0 
Other expenses3,877.9 3,407.3 3,115.9 
Total store operating expenses$17,058.9 $15,286.5 $14,720.3 
v3.25.3
Other Intangible Assets and Goodwill
12 Months Ended
Sep. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets and Goodwill Other Intangible Assets and Goodwill
Indefinite-Lived Intangible Assets
(in millions)Sep 28, 2025Sep 29, 2024
Trade names, trademarks, and patents
$79.5 $79.5 
Finite-Lived Intangible Assets
Sep 28, 2025Sep 29, 2024
(in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired and reacquired rights$1,053.9 $(974.9)$79.0 $995.5 $(995.5)$— 
Acquired trade secrets and processes27.6 (27.6)— 27.6 (27.6)— 
Trade names, trademarks, and patents
131.2 (122.9)8.3 130.4 (110.0)20.4 
Licensing agreements13.0 (13.0)— 13.4 (12.4)1.0 
Other finite-lived intangible assets20.5 (20.5)— 20.9 (20.9)— 
Total finite-lived intangible assets$1,246.2 $(1,158.9)$87.3 $1,187.8 $(1,166.4)$21.4 
Amortization expense for finite-lived intangible assets was $17.6 million, $20.4 million, and $21.5 million during fiscal 2025, 2024, and 2023, respectively.
Estimated future amortization expense as of September 28, 2025 (in millions):
Fiscal Year
2026$6.1 
20275.9 
20285.3 
20294.9 
20304.7 
Thereafter60.4 
Total estimated future amortization expense$87.3 
Goodwill
Changes in the carrying amount of goodwill by reportable operating segment (in millions):
North AmericaInternationalChannel
Development
Corporate and Other Total
Goodwill balance at October 1, 2023
$491.5 $2,691.1 $34.7 $1.0 $3,218.3 
Other (1)
— 97.4 — — 97.4 
Goodwill balance at September 29, 2024
$491.5 $2,788.5 $34.7 $1.0 $3,315.7 
Acquisition(2)
105.7 105.7 
Other (1)
(0.9)(51.6)— — (52.5)
Goodwill balance at September 28, 2025$490.6 $2,842.6 $34.7 $1.0 $3,368.9 
(1)“Other” consists of changes in the goodwill balance resulting from foreign currency translation.
(2)Additions to goodwill include the acquisition of 23.5 Degrees Topco Limited in the first quarter of fiscal 2025.
During the fiscal year ended September 28, 2025, we completed our annual goodwill impairment analysis. The results of our analysis indicated significant excess fair values over carrying values across the different reporting units, and therefore no goodwill impairment was recorded
v3.25.3
Debt
12 Months Ended
Sep. 28, 2025
Debt Disclosure [Abstract]  
Debt Debt
Revolving Credit Facility
During the third quarter of fiscal 2025, we replaced our $3.0 billion unsecured five-year revolving credit facility (the “2021 credit facility”) with a new $3.0 billion unsecured five-year revolving credit facility (the “2025 credit facility”).
Our 2025 credit facility, of which $150.0 million may be used for issuances of letters of credit, is currently set to mature on June 13, 2030. The 2025 credit facility is available for working capital, capital expenditures, and other general corporate purposes, including acquisitions and share repurchases. We have the option, subject to negotiation and agreement with the related banks, to increase the maximum commitment amount by an additional $1.0 billion.
Borrowings under the 2025 credit facility will bear interest at a fluctuating rate based on the Term Secured Overnight Financing Rate (“Term SOFR”), and, for U.S. dollar-denominated loans under certain circumstances, a Base Rate (as defined in the 2025 credit facility), in each case plus an applicable rate. The applicable rate is based on the Company’s long-term credit ratings assigned by Moody’s and Standard & Poor’s rating agencies. The 2025 credit facility contains alternative interest rate provisions specifying rate calculations to be used at such time Term SOFR ceases to be available as a benchmark due to reference rate reform. The “Base Rate” of interest is the highest of (i) the Federal Funds Rate plus 0.50%, (ii) Bank of America’s prime rate, (iii) Term SOFR plus 1.00%, and (iv) 1.00%. Upon the occurrence of any event of default under the 2025 credit facility, interest on the outstanding amount of the indebtedness under the 2025 credit facility will bear interest at a rate per annum equal to 2% in excess of the interest then borne by such borrowings.
The 2025 credit facility contains provisions requiring us to maintain compliance with certain covenants, including a minimum fixed charge coverage ratio, which measures our ability to cover financing expenses. As of September 28, 2025, we were in compliance with all applicable covenants. No amounts were outstanding under our 2025 credit facility as of September 28, 2025, or our 2021 credit facility as of September 29, 2024.
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 $3.0 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 2025 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. We had no borrowings outstanding under our commercial paper program as of September 28, 2025, and September 29, 2024. Our total available contractual borrowing capacity for general corporate purposes was $3.0 billion as of September 28, 2025.
Additionally, we hold the following Japanese yen-denominated credit facilities that are available for working capital needs and capital expenditures within our Japanese market:
A ¥5.0 billion, or $33.4 million, credit facility is currently set to mature on December 30, 2025. Borrowings under this credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.400%.
A ¥10.0 billion, or $66.8 million, credit facility is currently set to mature on March 27, 2026. Borrowings under this credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.300%.
As of September 28, 2025 and September 29, 2024, we had no borrowings outstanding under these credit facilities.
Long-term Debt
Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):
Sep 28, 2025Sep 29, 2024Stated Interest Rate
Effective Interest Rate (1)
IssuanceFace ValueEstimated Fair ValueFace ValueEstimated Fair Value
August 2025 notes$— $— $1,250.0 $1,243.4 3.800 %3.721 %
February 2026 notes1,000.0 1,001.7 1,000.0 1,008.3 4.750 %4.788 %
June 2026 notes500.0 494.0 500.0 486.8 2.450 %2.511 %
February 2027 notes
1,000.0 1,009.8 1,000.0 1,017.8 4.850 %4.958 %
March 2027 notes500.0 484.7 500.0 477.1 2.000 %2.058 %
March 2028 notes600.0 591.9 600.0 590.3 3.500 %3.529 %
May 2028 notes750.0 757.1 — — 4.500 %4.719 %
November 2028 notes750.0 747.9 750.0 748.4 4.000 %3.958 %
August 2029 notes(2)
1,000.0 978.5 1,000.0 977.3 3.550 %3.840 %
March 2030 notes750.0 687.8 750.0 679.0 2.250 %3.084 %
May 2030 notes500.0 510.2 — — 4.800 %4.932 %
November 2030 notes1,250.0 1,145.9 1,250.0 1,135.4 2.550 %2.582 %
February 2031 notes
500.0 514.2 500.0 520.8 4.900 %5.046 %
February 2032 notes1,000.0 918.1 1,000.0 912.0 3.000 %3.155 %
February 2033 notes500.0 505.7 500.0 513.1 4.800 %3.798 %
February 2034 notes
500.0 509.9 500.0 515.0 5.000 %5.127 %
May 2035 notes500.0 516.6 — — 5.400 %5.510 %
June 2045 notes350.0 292.1 350.0 308.5 4.300 %4.348 %
December 2047 notes500.0 378.0 500.0 398.8 3.750 %3.765 %
November 2048 notes1,000.0 849.6 1,000.0 903.4 4.500 %4.504 %
August 2049 notes1,000.0 839.5 1,000.0 889.0 4.450 %4.447 %
March 2050 notes500.0 346.0 500.0 367.9 3.350 %3.362 %
November 2050 notes1,250.0 889.0 1,250.0 954.4 3.500 %3.528 %
   Total16,200.0 14,968.2 15,700.0 14,646.7 
Aggregate debt issuance costs and unamortized premium/(discount), net(109.3)(113.8)
Hedge accounting fair value adjustment(2)
(15.9)(17.8)
   Total$16,074.8 $15,568.4 
(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)Amount includes the change in fair value due to changes in benchmark interest rates related to hedging $350 million of our August 2029 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge.
The following table summarizes our long-term debt maturities as of September 28, 2025, by fiscal year (in millions):
Fiscal YearTotal
2026
$1,500.0 
20271,500.0 
20281,350.0 
20291,750.0 
20301,250.0 
Thereafter8,850.0 
Total$16,200.0 
v3.25.3
Leases
12 Months Ended
Sep. 28, 2025
Leases [Abstract]  
Lessee, Operating Leases Leases
The components of lease costs (in millions):
Year Ended
Sep 28, 2025Sep 29, 2024Oct 1, 2023
Operating lease costs(1)
$2,097.0 $1,723.5 $1,601.0 
Variable lease costs1,245.7 1,130.7 1,050.3 
Short-term lease costs21.0 26.8 28.0 
Total lease costs$3,363.7 $2,881.0 $2,679.3 
(1)Includes immaterial amounts of sublease income and rent concessions.
The following table includes supplemental information (in millions):
Year Ended
Sep 28, 2025Sep 29, 2024Oct 1, 2023
Cash paid related to operating lease liabilities$1,901.4 $1,672.5 $1,657.2 
Operating lease liabilities arising from obtaining ROU assets(1)
1,980.8 2,263.9 1,893.4 
Sep 28, 2025Sep 29, 2024Oct 1, 2023
Weighted-average remaining operating lease term8.6 years8.6 years8.5 years
Weighted-average operating lease discount rate3.7 %3.4 %3.1 %
(1)Includes leases obtained in the acquisition of 23.5 Degrees Topco Limited in the first quarter of fiscal 2025.
Finance lease assets are recorded in property, plant and equipment, net with the corresponding lease liabilities included in accrued liabilities and other long-term liabilities on the consolidated balance sheet. These balances were not material as of September 28, 2025, and September 29, 2024. Finance lease costs were also immaterial for the fiscal years ended September 28, 2025, September 29, 2024, and October 1, 2023.
Minimum future maturities of operating lease liabilities (in millions):
Fiscal YearTotal
2026$1,940.6 
20271,757.3 
20281,548.4 
20291,360.4 
20301,190.3 
Thereafter4,592.2 
Total lease payments12,389.2 
Less imputed interest(1,852.5)
Total$10,536.7 
As of September 28, 2025, we have entered into operating leases that have not yet commenced of $823.5 million, primarily related to real estate leases. These leases will commence between fiscal year 2026 and fiscal year 2028 with lease terms of 5
years to 20 years. Lease exit costs associated with our restructuring efforts primarily relate to the closure of certain Starbucks company-operated stores, and are recognized in line with store closure timing. Total lease exit costs of $239.3 million were recorded in restructuring and impairments on the consolidated statement of earnings in fiscal 2025. See Note 18, Restructuring, to the consolidated financial statements included in Item 8 of Part II of this 10-K, for further discussion.
v3.25.3
Deferred Revenue
12 Months Ended
Sep. 28, 2025
Revenue from Contract with Customer Deferred Revenue
During fiscal 2018, we licensed the rights to sell and market our products in authorized channels through the Global Coffee Alliance and received an up-front prepaid royalty from Nestlé. The up-front payment of approximately $7 billion was recorded as deferred revenue as we have continuing performance obligations to support the Global Coffee Alliance, including providing Nestlé access to certain intellectual properties and products for future resale. The up-front payment is being recognized as other revenue on a straight-line basis over the estimated economic life of the arrangement of 40 years for the ongoing access to the licenses within the contractual territories. Our obligations to maintain the Starbucks brand and other intellectual properties are generally constant throughout the term of the arrangement. Therefore, a ratable recognition pattern is reflective of how we will satisfy our performance obligations.
As of September 28, 2025, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $5.6 billion, respectively. As of September 29, 2024, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $5.8 billion, respectively. During each of the fiscal years ended September 28, 2025, September 29, 2024, and October 1, 2023, we recognized $176.5 million of prepaid royalty revenue related to Nestlé.
Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):
Fiscal Year Ended September 28, 2025
Total
Stored value cards and loyalty program at September 29, 2024
$1,718.7 
Revenue deferred - card activations, card reloads and Stars earned15,245.8 
Revenue recognized - card and Stars redemptions and breakage(15,199.5)
Other(1)
(13.3)
Stored value cards and loyalty program at September 28, 2025(2)
$1,751.7 
Fiscal Year Ended September 29, 2024
Total
Stored value cards and loyalty program at October 1, 2023
$1,567.5 
Revenue deferred - card activations, card reloads and Stars earned15,807.1 
Revenue recognized - card and Stars redemptions and breakage(15,665.1)
Other(1)
9.2 
Stored value cards and loyalty program at September 29, 2024(2)
$1,718.7 
(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.
(2)As of each of the fiscal years ended September 28, 2025, and September 29, 2024, approximately $1.6 billion of the respective amounts was current.
v3.25.3
Employee Stock and Benefit Plans
12 Months Ended
Sep. 28, 2025
Share-Based Payment Arrangement [Abstract]  
Employee Stock and Benefit Plans Employee Stock and Benefit Plans
We maintain several equity incentive plans under which we may grant non-qualified stock options, incentive stock options, restricted stock, restricted stock units (“RSUs”), or stock appreciation rights to employees, non-employee directors, and consultants. We issue new shares of common stock upon exercise of stock options and the vesting of RSUs. We also have an employee stock purchase plan (“ESPP”).
As of September 28, 2025, there were 74.5 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 9.1 million shares available for issuance under our ESPP.
Stock-based compensation expense recognized in the consolidated statement of earnings (in millions):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
RSUs$318.3 $308.3 $302.6 
Options— — 0.1 
Total stock-based compensation expense recognized in the consolidated statements of earnings$318.3 $308.3 $302.7 
Total related tax benefit$47.9 $57.0 $50.9 
Total capitalized stock-based compensation included in net property, plant and equipment on the consolidated balance sheets$3.6 $3.6 $3.7 
RSUs
We have both time-vested and performance-based RSUs. Time-vested RSUs are awarded to eligible employees and entitle the grantee to receive shares of common stock at the end of a vesting period, subject to the employee’s continuing employment. The time-vested RSUs generally vest in either two or four equal annual installments beginning a year from the grant date. Our performance-based RSUs are awarded to eligible employees and entitle the grantee to receive shares of common stock if we achieve specified performance goals during the performance period and the grantee remains employed through the settlement date.
RSU transactions for the fiscal year ended September 28, 2025 (in millions, except per share and contractual life amounts):
Number
of
Shares
Weighted
Average
Grant Date
Fair Value
per Share
Weighted
Average
Remaining
Contractual
Life (Years)
Aggregate
Intrinsic
Value
Nonvested, September 29, 20248.7 $102.91 1.2$844 
Granted5.9 95.83 
Vested(3.3)99.90 
Forfeited/canceled(2.3)98.21 
Nonvested, September 28, 20259.0 $98.89 1.2$791 
As of September 28, 2025, total unrecognized stock-based compensation expense related to non-vested RSUs, net of estimated forfeitures, was approximately $278 million, before income taxes, and is expected to be recognized over a weighted average period of approximately 2.1 years. The total fair value of RSUs vested was $333 million, $314 million, and $292 million during fiscal 2025, 2024, and 2023, respectively. For fiscal 2024 and 2023, the weighted average fair value per RSU granted was $103.82 and $97.66, respectively.
Stock Options
We may provide stock options as a form of employee compensation, which are primarily time-vested. Stock options have not been broadly used as part of our compensation strategy in recent years. The majority of time-vested options become exercisable in four equal installments beginning a year from the grant date and generally expire 10 years from the grant date. Options granted to non-employee directors generally vest immediately or one year from grant. All outstanding stock options are non-qualified stock options. No stock options were granted during the fiscal years ended September 28, 2025, September 29, 2024, or October 1, 2023.
Stock option transactions were not material for the fiscal year ended September 28, 2025. As of September 28, 2025, all options outstanding were vested and exercisable. No options vested during fiscal 2025 or 2024. The total intrinsic value of options exercised was $19 million, $44 million, and $98 million during fiscal 2025, 2024, and 2023, respectively.
ESPP
Our ESPP allows eligible employees to contribute up to 10% of their base earnings toward the quarterly purchase of our common stock, subject to an annual maximum dollar amount. The purchase price is 95% of the fair market value of the stock on the last business day of the quarterly offering period. The number of shares issued under our ESPP was 0.6 million, 0.6 million, and 0.5 million in fiscal years 2025, 2024, and 2023, respectively.
Deferred Compensation Plan
We have a Deferred Compensation Plan for Non-Employee Directors under which non-employee directors may, for any fiscal year, irrevocably elect to defer receipt of shares of common stock the director would have received upon vesting of restricted stock units. The number of deferred shares outstanding related to deferrals made under this plan is not material.
Defined Contribution Plans
We maintain voluntary defined contribution plans, both qualified and non-qualified, covering eligible employees as defined in the plan documents. Participating employees may elect to defer and contribute a portion of their eligible compensation to the plans up to limits stated in the plan documents, not to exceed the dollar amounts set by applicable laws.
Our matching contributions to all U.S. and non-U.S. plans were $209.6 million, $194.4 million, and $178.1 million in fiscal 2025, 2024, and 2023, respectively.
v3.25.3
Income Taxes
12 Months Ended
Sep. 28, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Components of earnings before income taxes (in millions):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
United States$1,850.1 $4,087.6 $4,488.6 
Foreign657.2 882.0 913.3 
Total earnings before income taxes$2,507.3 $4,969.6 $5,401.9 
Provision/(benefit) for income taxes (in millions):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
Current taxes:
U.S. federal$179.4 $681.2 $678.2 
U.S. state and local120.4 210.9 235.9 
Foreign362.5 328.8 422.4 
Total current taxes662.3 1,220.9 1,336.5 
Deferred taxes:
U.S. federal30.2 10.7 117.0 
U.S. state and local(11.3)(0.7)(0.8)
Foreign(30.6)(23.6)(175.5)
Total deferred taxes(11.7)(13.6)(59.3)
Total income tax expense$650.6 $1,207.3 $1,277.2 
Reconciliation of the statutory U.S. federal income tax rate with our effective income tax rate:
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
Statutory rate21.0 %21.0 %21.0 %
State income taxes, net of federal tax benefit3.4 3.3 3.4 
Foreign rate differential0.3 0.3 0.4 
Residual tax on foreign earnings3.6 0.4 — 
Foreign derived intangible income(1.6)(0.8)(0.8)
Tax status change of foreign entity
(1.4)— — 
Other, net0.6 0.1 (0.4)
Effective tax rate25.9 %24.3 %23.6 %
During fiscal 2025, we revised our indefinite reinvestment assertions from prior years' cumulative earnings from certain foreign subsidiaries, and in the fourth quarter of fiscal 2025, we repatriated approximately $900 million of cash from foreign subsidiaries, upon which approximately $90 million in related withholding taxes were recorded and paid, as reflected in Residual tax on foreign earnings.
As of September 28, 2025, in certain foreign subsidiaries in which we are partially indefinitely reinvested, the gross taxable temporary difference between the accounting basis and tax basis was approximately $1.8 billion for which there could be up to approximately $180 million of unrecognized tax liability.
Tax effect of temporary differences and carryforwards that comprise significant portions of deferred tax assets and liabilities (in millions):
Sep 28, 2025Sep 29, 2024
Deferred tax assets:
Operating lease liabilities$2,646.7 $2,595.1 
Stored value card liability and deferred revenue1,593.0 1,612.5 
Intangible assets and goodwill 355.5 372.6 
Other780.9 692.2 
Total5,376.1 5,272.4 
Valuation allowance(189.2)(194.5)
Total deferred tax asset, net of valuation allowance5,186.9 5,077.9 
Deferred tax liabilities:
Operating lease, right-of-use assets(2,466.8)(2,483.7)
Property, plant and equipment(641.3)(580.8)
Other(302.3)(267.8)
Total(3,410.4)(3,332.3)
Net deferred tax asset (liability)$1,776.5 $1,745.6 
Reported as:
Deferred income tax assets$1,826.9 $1,766.7 
Deferred income tax liabilities (included in Other long-term liabilities)(50.4)(21.1)
Net deferred tax asset (liability)$1,776.5 $1,745.6 
The valuation allowances as of September 28, 2025, and September 29, 2024, were primarily related to net operating losses and other deferred tax assets of consolidated foreign subsidiaries.
As of September 28, 2025, we had federal tax credit carryforwards of $68.5 million, which will begin to expire in fiscal 2030, and foreign net operating loss carryforwards of $444.8 million, of which $104.5 million have an indefinite carryforward period and the remainder will begin to expire in fiscal 2026.
Uncertain Tax Positions
As of September 28, 2025, we had $119.9 million of gross unrecognized tax benefits, of which $76.6 million, if recognized, would affect our effective tax rate. We recognized expense of $8.4 million, $8.8 million, and $5.7 million of interest and penalties in income tax expense, prior to the benefit of the federal tax deduction, for fiscal 2025, 2024, and 2023, respectively. As of September 28, 2025, and September 29, 2024, we had accrued interest and penalties of $30.4 million and $22.5 million, respectively, on our consolidated balance sheets.
The following table summarizes the activity related to our unrecognized tax benefits (in millions):
Sep 28, 2025Sep 29, 2024Oct 1, 2023
Beginning balance$108.0 $105.0 $89.7 
Increase related to prior year tax positions3.1 7.9 1.2 
Decrease related to prior year tax positions(0.4)(6.4)(0.4)
Increase related to current year tax positions12.9 10.3 14.5 
Decreases related to settlements with taxing authorities(0.7)(8.8)— 
Decrease related to lapsing of statute of limitations(3.0)— — 
Ending balance$119.9 $108.0 $105.0 
We are currently under examination, or may be subject to examination, by various U.S. federal, state, local, and foreign tax jurisdictions for fiscal 2018 through 2024. We are no longer subject to U.S. federal, U.S. state and local, or material foreign market examinations for years prior to fiscal 2018.
It is reasonably possible that up to approximately $62 million of the Company’s gross unrecognized tax benefits may be recognized by the end of fiscal 2026 for reasons such as a lapse of the statute of limitations or resolution of examinations with tax authorities.
v3.25.3
Earnings Per Share
12 Months Ended
Sep. 28, 2025
Earnings Per Share [Abstract]  
Earnings per Share Earnings per Share
Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
Net earnings attributable to Starbucks$1,856.4 $3,760.9 $4,124.5 
Weighted average common shares outstanding (for basic calculation)1,136.0 1,133.8 1,146.8 
Dilutive effect of outstanding common stock options and RSUs3.8 3.5 4.5 
Weighted average common and common equivalent shares outstanding (for diluted calculation)1,139.8 1,137.3 1,151.3 
EPS — basic$1.63 $3.32 $3.60 
EPS — diluted$1.63 $3.31 $3.58 
Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes anti-dilutive stock options or unvested RSUs, which were immaterial in the periods presented.
v3.25.3
Commitments And Contingencies (Notes)
12 Months Ended
Sep. 28, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Contingencies Commitments and Contingencies
Legal Proceedings
Starbucks is involved in various legal proceedings arising in the ordinary course of business, including litigation matters associated with labor union organizing efforts and certain employment litigation cases that have been certified as class or collective actions, but is not currently a party to any legal proceeding that management believes could have a material adverse effect on our consolidated financial position, results of operations, or cash flows. While we are closely monitoring the operational and financial impacts of labor union organizing efforts on our business, as of the date of this filing, we believe the risk of a material contingent loss associated with these litigation matters is remote.
v3.25.3
Segment Reporting
12 Months Ended
Sep. 28, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We have three reportable operating segments: 1) North America, which is inclusive of the U.S. and Canada; 2) International, which is inclusive of China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America, and the Caribbean; and 3) Channel Development.
North America and International operations sell coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-operated stores and licensed stores. Our North America segment is our most mature business and has achieved significant scale.
Channel Development revenues include packaged coffee, tea, foodservice products, and ready-to-drink beverage sales to customers outside of our company-operated and licensed stores. Most of our Channel Development revenues are from product sales to, and royalty revenues from, Nestlé through the Global Coffee Alliance.
Our CODM, who is our chief executive officer, evaluates the performance of our operating segments based primarily on net revenues and operating income, which represents earnings before other income and expenses and income taxes. Financial information and forecasts are reviewed by our CODM at the segment level, and are used to evaluate performance, monitor actual results versus forecasts, and allocate resources for the consolidated entity. Our CODM does not use total assets by segment as a basis for decision making.
The accounting policies of the operating segments are the same as those described in Note 1, Summary of Significant Accounting Policies and Estimates.
Consolidated revenue mix by product type (in millions):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
Beverage(1)
$22,539.9 61 %$21,883.9 60 %$21,684.8 60 %
Food(2)
7,049.9 19 %6,749.2 19 %6,585.1 18 %
Other(3)
7,594.6 20 %7,543.1 21 %7,705.7 22 %
Total$37,184.4 100 %$36,176.2 100 %$35,975.6 100 %
(1)     “Beverage” represents sales within our company-operated stores.
(2)     “Food” represents sales within our company-operated stores.
(3)     “Other” primarily consists of packaged and single-serve coffees and teas, royalty and licensing revenues, beverage-related ingredients, and serveware, among other items.
Information by geographic area (in millions):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
Net revenues(1):
United States$27,124.7 $26,707.4 $26,398.3 
China3,160.8 3,008.2 3,081.5 
Other countries6,898.9 6,460.6 6,495.8 
Total$37,184.4 $36,176.2 $35,975.6 
Sep 28, 2025Sep 29, 2024
Long-lived assets:
United States$15,952.7 $15,878.4 
China4,276.8 4,514.2 
Other countries4,407.9 4,099.3 
Total$24,637.4 $24,491.9 
(1)Includes Channel Development segment and other net revenues.
No customer accounts for 10% or more of our revenues. Revenues are shown based on the geographic location of our customers. Revenues from countries other than the U.S. and China consist primarily of revenues from Japan, Canada, and the U.K., which together account for approximately 73%, 72%, and 71% of net revenues from other countries for fiscal years 2025, 2024, and 2023, respectively.
The financial information below is presented for our reportable operating segments and Corporate and Other for the fiscal years ended September 28, 2025, September 29, 2024, and October 1, 2023.
(in millions)
North AmericaInternational
Channel
Development
Corporate and Other

Total
Fiscal 2025
Total net revenues$27,373.1 $7,819.9 $1,871.7 $119.7 $37,184.4 
Product and distribution costs7,628.7 2,749.8 1,168.3 111.4 11,658.2 
Store operating expenses
13,973.3 3,085.6 — — 17,058.9 
Other operating expenses281.6 242.0 60.2 0.8 584.6 
Depreciation and amortization expenses1,196.3 363.9 — 124.5 1,684.7 
General and administrative expenses483.3 344.3 5.8 1,783.8 2,617.2 
Restructuring and impairments653.2 82.5 1.9 154.4 892.0 
Total operating expenses
24,216.4 6,868.1 1,236.2 2,174.9 34,495.6 
Income from equity method investees— (1.8)249.6 — 247.8 
Operating income/(loss)$3,156.7 $950.0 $885.1 $(2,055.2)$2,936.6 
Interest income and other, net113.3 
Interest expense(542.6)
Earnings before income taxes$2,507.3 
(in millions)
North AmericaInternational
Channel
Development
Corporate and Other

Total
Fiscal 2024
Total net revenues$27,009.5 $7,338.9 $1,769.8 $58.0 $36,176.2 
Product and distribution costs7,478.0 2,575.2 1,075.4 52.0 11,180.6 
Store operating expenses12,467.1 2,819.4 — — 15,286.5 
Other operating expenses280.9 225.1 58.4 1.2 565.6 
Depreciation and amortization expenses1,052.4 338.3 — 121.9 1,512.6 
General and administrative expenses375.8 338.8 7.7 1,801.0 2,523.3 
Total operating expenses
21,654.2 6,296.8 1,141.5 1,976.1 31,068.6 
Income from equity method investees— 3.6 297.6 — 301.2 
Operating income/(loss)$5,355.3 $1,045.7 $925.9 $(1,918.1)$5,408.8 
Interest income and other, net122.8 
Interest expense(562.0)
Earnings before income taxes$4,969.6 
(in millions)
North AmericaInternational
Channel
Development
Corporate and Other

Total
Fiscal 2023
Total net revenues$26,569.6 $7,487.6 $1,893.8 $24.6 $35,975.6 
Product and distribution costs7,530.4 2,608.4 1,250.1 20.2 11,409.1 
Store operating expenses11,959.2 2,761.1 — — 14,720.3 
Other operating expenses263.8 219.0 54.6 2.0 539.4 
Depreciation and amortization expenses910.1 335.1 0.1 117.3 1,362.6 
General and administrative expenses389.7 335.8 8.4 1,707.4 2,441.3 
Restructuring and impairments20.7 — — 1.1 21.8 
Total operating expenses
21,073.9 6,259.4 1,313.2 1,848.0 30,494.5 
Income from equity method investees— 2.7 295.7 — 298.4 
Other segment items(1)
— — 91.3 — 91.3 
Operating income/(loss)$5,495.7 $1,230.9 $967.6 $(1,823.4)$5,870.8 
Interest income and other, net81.2 
Interest expense(550.1)
Earnings before income taxes$5,401.9 
(1) Includes gain from sale of assets.
v3.25.3
Subsequent Events Subsequent Events (Narrative)
12 Months Ended
Sep. 28, 2025
Subsequent Events [Abstract]  
Subsequent Events [Text Block] Subsequent Event
On November 3, 2025, we announced the Company has entered an agreement to form a joint venture with Boyu Capital, a leading alternative investment firm, to operate Starbucks retail in China. We believe this partnership marks a significant milestone in Starbucks ongoing transformation and underscores its commitment to accelerating long-term growth in China. Under the agreement, Boyu Capital will acquire up to a 60% interest in Starbucks retail operations in China. Starbucks will retain a 40% interest in the joint venture and will continue to own and license the Starbucks brand and intellectual property to the new entity. Boyu Capital will acquire its interest based on a cash-free, debt-free mutually agreed-upon total enterprise value of approximately $4 billion, to be further adjusted for other contractually agreed-upon items. The transaction is subject to required regulatory approvals as well as customary closing conditions, and is expected to close by early calendar year 2026.
v3.25.3
Restructuring and Related Activities
12 Months Ended
Sep. 28, 2025
Restructuring and Related Activities [Abstract]  
Restructuring, Impairment, and Other Activities Disclosure Restructuring
In the fourth quarter of fiscal 2024, we announced our “Back to Starbucks” strategy, which was implemented with the goal to bring customers back to our stores and return to growth by revitalizing coffeehouses, enhancing the customer experience, and improving efficiency. As part of this strategy, during the second quarter of fiscal 2025, we further decided and announced our plan to restructure our support organization in an effort to operate more efficiently, increase accountability, reduce complexity, and drive better integration, which resulted in a reduction in our support partner workforce.

In the fourth quarter of fiscal 2025, we announced a restructuring plan involving the closure of coffeehouses, and the further transformation of our support organization, as part of the Company’s “Back to Starbucks” strategy. We assessed our existing store portfolio with respect to both whether coffeehouses had a viable path to offering the physical environment consistent with the brand and a clear path to financial performance, and we closed, or plan to close, coffeehouses that did not meet these criteria.

During the fiscal year ended September 28, 2025, 627 stores were closed and approximately $892.0 million was recorded to restructuring and impairments on our consolidated statement of earnings. This total primarily consists of disposal and
impairment of company-operated store assets, employee separation benefits, and accelerated amortization of ROU lease assets and other lease exit costs.

The table below presents the restructuring and impairment charges by reportable operating segment and Corporate and Other (in millions):

Fiscal Year Ended September 28, 2025
North AmericaInternational
Channel
Development
Corporate and Other

Total
Disposal and impairment of store assets$313.7 $39.1 $— $— $352.8 
Employee severance, separation costs, and other
103.8 39.8 1.9 154.4 299.9 
Amortization of ROU lease assets and other lease exit costs
235.7 3.6 — — 239.3 
Total Restructuring and impairment costs
$653.2 $82.5$1.9$154.4$892.0

The table below presents the balance of liabilities related to the restructuring plan by major type of cost (in millions):

Fiscal Year Ended September 28, 2025
Employee severance, separation costs, and other
Lease exit and other related costs(1)

Total
Beginning balance
$— $— $— 
Restructuring costs incurred
299.9 239.3 539.2 
Cash payments
(141.0)(0.4)(141.4)
Ending balance
$158.9 $238.9 $397.8 
(1) The total operating lease liability balance for restructuring store closures was $272.8 million as of September 28, 2025.
As of September 28, 2025, the majority of the remaining accrued employee separation costs are reflected in accrued payroll and benefits and the remaining accrued lease-related costs are reflected in the operating lease liability on the consolidated balance sheet.
Inclusive of fiscal year 2025 charges, the Company estimates that it will incur approximately $1.0 billion in total pre-tax restructuring charges related to the “Back to Starbucks” restructuring plan announced in the fourth quarter of fiscal 2025, in addition to the $137 million incurred resulting from restructuring activities in the second and third quarters of fiscal 2025. Estimated restructuring charges expected to be incurred in fiscal year 2026 are approximately $230 million, primarily related to accelerated ROU lease asset amortization and other lease exit costs in our North America and International operating segments. We anticipate completion of the plan and store closures within fiscal year 2026. The majority of the accrued liability balance as of September 28, 2025 related to restructuring charges is expected to be paid out in fiscal year 2026.
v3.25.3
Insider Trading Arrangements
12 Months Ended
Sep. 28, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.3
Cybersecurity Risk Management and Strategy Disclosure
12 Months Ended
Sep. 28, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] Cybersecurity
Risk Management and Strategy
Starbucks has implemented a cybersecurity program that leverages industry-standard cybersecurity frameworks, such as the National Institute of Standards and Technology Cybersecurity Framework, to assess, identify, and manage cybersecurity risk. Our cybersecurity program is integrated with the Enterprise Risk Management (“ERM”) framework and governance processes utilized by management and our Board to oversee our various top enterprise risks. Our internal audit function periodically evaluates our cybersecurity program and selected aspects of it.

We have implemented various processes and tools to identify cybersecurity threats, detect potential attacks, and protect our data and information technology. We periodically evaluate evolving cybersecurity risks and legal and compliance requirements, and we make ongoing strategic investments to address those evolving risks and requirements. We also participate in multiple cybersecurity forums that share threat intelligence and best practices.

Starbucks assesses, measures, and reports on cybersecurity risk at operational, program or management, and strategic or executive oversight levels. We maintain and periodically update written cybersecurity policies, standards, and controls, which are reviewed by a cross-functional management-level committee and designed to align with business objectives, regulatory requirements, and industry best practices. We train our employees through annual cybersecurity awareness training, which includes information about how to report cybersecurity concerns and incidents, as well as phishing simulations and periodic communications about timely cybersecurity topics and threats. We also implement a variety of tools to monitor our systems and network activity, and we conduct various simulated attacks and penetration tests to assess the effectiveness of these tools.

We maintain an incident response plan that guides us in identifying, evaluating, responding to, and recovering from cybersecurity incidents. The plan provides for the creation of a cross-functional, tailored incident response team, led by dedicated incident responders, that may include both Company personnel and third-party service providers, as appropriate. The incident response plan includes incident classification and escalation protocols, including a process for informing senior management and the Board, as appropriate, as well as processes to assess and comply with applicable legal obligations. We periodically test the effectiveness of the plan, and review and update it, as appropriate.

We also maintain insurance coverage that, subject to its terms and conditions, is intended to help us mitigate certain costs associated with cybersecurity incidents.

We engage third-party security experts, as appropriate, to support our processes for assessing, identifying, and managing cybersecurity risks, including, for example, periodic evaluations of our cybersecurity program from a design and effectiveness perspective, penetration testing, vulnerability scanning, employee awareness training, phishing simulations, and incident monitoring and response.

To address cybersecurity risk arising from our relationships with our third-party business partners and service providers, we maintain a third-party risk management program, which takes a risk-based approach and includes elements such as conducting cybersecurity assessments, including cybersecurity-related obligations in agreements, and utilizing external monitoring sources.

In addition, we maintain a global privacy program to identify, assess, and manage privacy risks related to how we are collecting, using, sharing, storing, and otherwise processing personal data.

As of the date of this filing, we have not identified any cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. However, there can be no assurance that we, or our third-party business partners or service providers, will not experience a cybersecurity threat or incident in the future that could materially adversely affect our business strategy, results of operations, or financial condition. For further discussion of the risks related to cybersecurity, see the risk factors discussed under “Risks Related to Cybersecurity, Data Privacy, and Information Technology” in our Risk Factors in Item 1A of this Form 10-K.

Governance
Our cybersecurity program is led by our senior vice president, chief information security officer (“ciso”), who is responsible for identifying, assessing, and managing our collective information security and technology risks. Our ciso has more than 20 years of experience in the information security and technology fields, including various leadership roles in several large companies across multiple industries. Those roles have included leading various cybersecurity capabilities and managing information security, business intelligence, and data analytics teams.

The ciso is informed about the prevention, detection, mitigation, and remediation of cybersecurity incidents through management of, and participation in, the cybersecurity program described above, including through reports prepared by our internal cybersecurity team and the operation of our incident response plan. The ciso meets regularly with leaders of our various information technology management teams and with the Risk Management Committee (a cross-functional management-level
committee, which is co-managed by our cfo and chief legal officer and meets at least quarterly), to review and discuss our cybersecurity and other information technology risks and opportunities.

Our Board has ultimate cybersecurity and data privacy risk oversight responsibility for the Company and administers this responsibility both directly and with assistance from the Audit and Compliance Committee (“Audit Committee”). The Audit Committee oversees our cybersecurity and technology risks, along with our data privacy risks, all of which are integrated into our overall ERM program. The Audit Committee actively reviews and discusses our cybersecurity and technology risk management programs and regularly reports out to the full Board on our relevant strengths and opportunities. The Audit Committee also reviews our data privacy risk management programs and reports out to the full Board on our relevant strengths and opportunities.

The Audit Committee receives quarterly updates from the ciso or other members of the ciso’s team with responsibility for oversight of our key cybersecurity program components. These updates include, as appropriate, ongoing changes in our external and internal cybersecurity threat landscape, new technology trends and regulatory developments, evolving internal policies and practices used to manage and mitigate cybersecurity and technology-related risks, cybersecurity incidents and our response to them, and trends in various metrics that are used to help assess our overall cybersecurity program effectiveness.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] Starbucks has implemented a cybersecurity program that leverages industry-standard cybersecurity frameworks, such as the National Institute of Standards and Technology Cybersecurity Framework, to assess, identify, and manage cybersecurity risk. Our cybersecurity program is integrated with the Enterprise Risk Management (“ERM”) framework and governance processes
Cybersecurity Risk Management Third Party Engaged [Flag] false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block] As of the date of this filing, we have not identified any cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition. However, there can be no assurance that we, or our third-party business partners or service providers, will not experience a cybersecurity threat or incident in the future that could materially adversely affect our business strategy, results of operations, or financial condition.
Cybersecurity Risk Board of Directors Oversight [Text Block]
Our Board has ultimate cybersecurity and data privacy risk oversight responsibility for the Company and administers this responsibility both directly and with assistance from the Audit and Compliance Committee (“Audit Committee”). The Audit Committee oversees our cybersecurity and technology risks, along with our data privacy risks, all of which are integrated into our overall ERM program. The Audit Committee actively reviews and discusses our cybersecurity and technology risk management programs and regularly reports out to the full Board on our relevant strengths and opportunities. The Audit Committee also reviews our data privacy risk management programs and reports out to the full Board on our relevant strengths and opportunities.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The ciso meets regularly with leaders of our various information technology management teams and with the Risk Management Committee (a cross-functional management-level
committee, which is co-managed by our cfo and chief legal officer and meets at least quarterly), to review and discuss our cybersecurity and other information technology risks and opportunities.
Cybersecurity Risk Role of Management [Text Block] The Audit Committee receives quarterly updates from the ciso or other members of the ciso’s team with responsibility for oversight of our key cybersecurity program components. These updates include, as appropriate, ongoing changes in our external and internal cybersecurity threat landscape, new technology trends and regulatory developments, evolving internal policies and practices used to manage and mitigate cybersecurity and technology-related risks, cybersecurity incidents and our response to them, and trends in various metrics that are used to help assess our overall cybersecurity program effectiveness
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our cybersecurity program is led by our senior vice president, chief information security officer (“ciso”), who is responsible for identifying, assessing, and managing our collective information security and technology risks.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our ciso has more than 20 years of experience in the information security and technology fields, including various leadership roles in several large companies across multiple industries. Those roles have included leading various cybersecurity capabilities and managing information security, business intelligence, and data analytics teams.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]
The ciso is informed about the prevention, detection, mitigation, and remediation of cybersecurity incidents through management of, and participation in, the cybersecurity program described above, including through reports prepared by our internal cybersecurity team and the operation of our incident response plan. The ciso meets regularly with leaders of our various information technology management teams and with the Risk Management Committee (a cross-functional management-level
committee, which is co-managed by our cfo and chief legal officer and meets at least quarterly), to review and discuss our cybersecurity and other information technology risks and opportunities.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.3
Summary of Significant Accounting Policies (Policies)
12 Months Ended
Sep. 28, 2025
Accounting Policies [Abstract]  
Principles of Consolidation
Principles of Consolidation
Our consolidated financial statements reflect the financial position and operating results of Starbucks, including wholly-owned subsidiaries and investees that we control. Intercompany transactions and balances have been eliminated.
Fiscal Year End
Fiscal Year End
Our fiscal year ends on the Sunday closest to September 30. Fiscal years 2025, 2024, and 2023 included 52 weeks.
Estimates and Assumptions
Estimates and Assumptions
Preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses. Examples include, but are not limited to, estimates for inventory reserves, asset and goodwill impairments, assumptions underlying self-insurance reserves, income from unredeemed stored value cards, stock-based compensation forfeiture rates, future asset retirement obligations, commitments and contingencies, and the potential outcome of future tax consequences of events that have been recognized in the financial statements. Actual results and outcomes may differ from these estimates and assumptions due to risks and uncertainties, including uncertainty in the current economic environment.
Cash and Cash Equivalents
Cash and Cash Equivalents
We consider all highly liquid instruments with maturities of three months or less at the time of purchase, as well as credit card receivables and third-party payment processing receivables for sales to customers in our company-operated stores that generally settle within two to five business days, to be cash equivalents. We maintain cash and cash equivalent balances with financial institutions that exceed federally-insured limits. We have not experienced any losses related to these balances, and we believe credit risk to be minimal.
Our cash management system provides for the funding of all major bank disbursement accounts on a daily basis as checks are presented for payment. Under this system, outstanding checks are in excess of the cash balances at certain banks, which creates book overdrafts. Book overdrafts are presented as a current liability in accrued liabilities on our consolidated balance sheets.
Investments
Investments
Available-for-sale Debt Securities
Our short-term and long-term investments include investment-grade debt securities, all of which are classified as available-for-sale. Available-for-sale debt securities are recorded at fair value, and unrealized holding gains and losses are recorded, net of tax, as a component of accumulated other comprehensive income. Available-for-sale securities with remaining maturities of less than one year and those identified by management at the time of purchase to be used to fund operations within one year are classified as short-term. All other available-for-sale securities are classified as long-term. We evaluate our available-for-sale securities for other-than-temporary impairment on a quarterly basis. Unrealized losses are charged against net earnings when a decline in fair value is determined to be other than temporary. We review several factors to determine whether a loss is other than temporary, such as the length and extent of the fair value decline, the financial condition and near-term prospects of the issuer, and whether we have the intent to sell, or will more likely than not be required to sell, before the securities’ anticipated recovery, which may be at maturity. Realized gains and losses are accounted for using the specific identification method. Purchases and sales are recorded on a trade date basis.
Structured Deposits
We hold short-term, principal-protected structured deposits that provide returns in the form of both fixed and variable yields; such variable yields are indexed to foreign exchange rates, equity-linked instruments, or interest rate indices. The Company has elected to account for these using the fair value option with gains and losses recorded in our consolidated statements of earnings. For fiscal 2025, 2024, and 2023, resulting gains and losses were immaterial to our consolidated statements of earnings.
Marketable Equity Securities
We also have a marketable equity securities portfolio, which is comprised of marketable equity mutual funds and equity exchange-traded funds. Marketable equity securities are recorded at fair value and approximate a portion of our liability under our Management Deferred Compensation Plan (“MDCP”). Gains or losses from the portfolio and the change in our MDCP liability are recorded in general and administrative expenses in our consolidated statements of earnings. Refer to Note 4, Fair Value Measurements, for further discussion of our MDCP liability.
Equity Investments
Equity investments are accounted for under the equity method if we are able to exercise significant influence, but not control, over an investee. Our share of the earnings or losses as reported by the investees is classified as income from equity investees on our consolidated statements of earnings. The investments are evaluated for impairment annually and when facts and circumstances indicate that the carrying value may not be recoverable. If a decline in fair value is determined to be other than temporary, an impairment charge is recorded in interest income and other, net on our consolidated statements of earnings.
We account for equity investments for which we do not have significant influence and without readily determinable fair values at cost with adjustments for observable changes in price or impairments as permitted by the measurement alternative. Investments for which the measurement alternative has been elected are assessed for impairment quarterly, or if a triggering event indicates impairment may be present. Any adjustments as a result of price changes or impairments are recorded in interest income and other, net on our consolidated statements of earnings.
Fair Value
Fair Value
Fair value is the price we would receive to sell an asset or pay to transfer a liability (exit price) in an orderly transaction between market participants. For assets and liabilities recorded or disclosed at fair value on a recurring basis, we determine fair value based on the following:
Level 1: The carrying value of cash and cash equivalents approximates fair value because of the short-term nature of these instruments. For equity and U.S. government treasury securities and commodity futures contracts, we use quoted prices in active markets for identical assets to determine fair value.
Level 2: When quoted prices in active markets for identical assets are not available, we determine the fair value of certain assets based upon factors such as the quoted market price of similar assets or a discounted cash flow model using readily observable market data, which may include interest rate curves and forward and spot prices for currencies and commodities, depending on the nature of the investment. The fair value of our long-term debt is estimated based on the quoted market prices for the same or similar issues or on the current rates offered to us for debt of the same remaining maturities.
Level 3: We determine the fair value of private equity instruments using valuation models, including Black Scholes’ option pricing model and discounted cash flow models. Inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability.
Assets and liabilities recognized or disclosed at fair value on a nonrecurring basis may include items such as property, plant and equipment, ROU assets, goodwill and other intangible assets, equity and other investments, and other assets. We determine the fair value of these items using Level 3 inputs, as described in the related sections below.
Derivative Instruments
Derivative Instruments
We manage our exposure to various risks within our consolidated financial statements according to a market price risk management policy. Under this policy, we may engage in transactions involving various derivative instruments to hedge interest rates, commodity prices, foreign currency-denominated revenue streams, inventory purchases, and assets, liabilities, and investments in certain foreign operations. In order to manage our exposure to these risks, we use various types of derivative instruments including forward contracts, commodity futures contracts, collars, and swaps. Forward contracts and commodity futures contracts are agreements to buy or sell a quantity of a currency or commodity at a predetermined future date and at a predetermined rate or price. A collar is a strategy that uses a combination of a purchased call option and a sold put option with equal premiums to hedge a portion of anticipated cash flows, or to limit possible gains or losses on an underlying asset or liability to a specific range. A swap agreement is a contract between two parties to exchange cash flows based on specified underlying notional amounts, assets, and/or indices. We do not enter into derivative instruments for speculative purposes.
We record all derivatives on our consolidated balance sheets at fair value and typically do not offset derivative assets and liabilities. Cash flows from derivative financial instruments and the related gains and losses are classified as cash flows from operating activities on the consolidated statements of cash flows. Excluding interest rate hedging instruments and cross-currency swaps, we generally do not enter into derivative instruments with maturities longer than three years. We are allowed to net settle transactions with respective counterparties for certain derivative contracts, inclusive of interest rate swaps and foreign currency forwards, with a single, net amount payable by one party to the other. As of September 28, 2025, and September 29, 2024, cash collateral pledged as part of our commodity derivative margin requirements was $37.9 million and $12.4 million, respectively, and is included in prepaid expenses and other current assets on our consolidated balance sheets. The potential effects of netting arrangements with our derivative contracts, excluding the effects of collateral, would not have had a material impact on our consolidated balance sheets. We also hold cash and cash equivalents from various settled-to-market exchange traded futures related to coffee and dairy hedging.
By using these derivative instruments, we expose ourselves to potential credit risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. We minimize this credit risk by entering into transactions with carefully selected, credit-worthy counterparties and distribute contracts among several financial institutions to reduce the concentration of credit risk. We also enter into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds. As of September 28, 2025, and September 29, 2024, cash collateral received under collateral security arrangements was $187.0 million and $230.9 million, respectively, and is included in other long-term liabilities on our consolidated balance sheets.
Cash Flow Hedges
For derivative instruments that are designated and qualify as a cash flow hedge, the derivative’s gain or loss is reported as a component of other comprehensive income (“OCI”) and recorded in accumulated other comprehensive income (“AOCI”) on our consolidated balance sheets. The gain or loss is subsequently reclassified into net earnings when the hedged exposure affects net earnings, in the same line item as the underlying hedged item on our consolidated statements of earnings.
Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. For de-designated cash flow hedges where it is probable that the hedged transaction will not occur during the originally specified time period or within an additional two-month period thereafter, the related accumulated derivative gains or losses are recognized in interest income and other, net on our consolidated statements of earnings.
Net Investment Hedges
For derivative instruments that are designated and qualify as a net investment hedge, the derivative’s, or qualifying non-derivative instrument’s, gain or loss is reported as a component of OCI and recorded in AOCI. The gain or loss will be subsequently reclassified into net earnings when the hedged net investment is either sold or substantially liquidated.
Fair Value Hedges
For derivative instruments that are designated and qualify as a fair value hedge, the changes in fair value of the derivative instrument and the offsetting changes in fair value of the underlying hedged item due to changes in the hedged risk are recorded in interest income and other, net or interest expense on our consolidated statements of earnings.
Derivatives Not Designated As Hedging Instruments
We also enter into certain foreign currency forward contracts, commodity futures contracts, collars, and swaps that are not designated as hedging instruments for accounting purposes. The changes in the fair values of these contracts are immediately recognized in interest income and other, net on our consolidated statements of earnings.
Normal Purchase Normal Sale
We enter into fixed-price and price-to-be-fixed green coffee purchase commitments, which we expect will result in physical delivery and utilization in the ordinary course of business in a reasonable period of time. Since these types of purchase commitments qualify for the normal purchase normal sale exemption, they are not recorded as derivative instruments on our consolidated balance sheets.
Refer to Note 3, Derivative Financial Instruments, and Note 5, Inventories, for further discussion of our derivative instruments and green coffee purchase commitments.
Receivables, net of Allowance for Credit Losses
Receivables, net of Allowance for Credit Losses
Our receivables are mainly generated from product and equipment sales to, and royalties from, our licensees, as well as from our Global Coffee Alliance and other Channel Development customers. The primary indicators of the credit quality of our receivables are aging, payment history, economic sector information, and outside credit monitoring. These indicators are assessed on a quarterly basis. Our credit loss exposure is mainly concentrated in our accounts receivable portfolio. Our allowance for credit losses is calculated using a loss-rate method based on historical experience, current market conditions, and reasonable forecasts. For the fiscal year ended September 28, 2025, we did not observe a significant deterioration of our receivable portfolio that required a significant increase in our allowance for credit losses. As of September 28, 2025, and September 29, 2024, our allowance for credit losses was $24.0 million and $21.2 million, respectively.
Inventories
Inventories
Inventories are stated at the lower of cost (primarily moving average cost) or net realizable value. We record inventory reserves for obsolete and slow-moving inventory and for estimated shrinkage between physical inventory counts. Inventory reserves are based on inventory obsolescence trends, historical experience, and application of the specific identification method. As of September 28, 2025, and September 29, 2024, inventory reserves were $56.6 million and $58.0 million, respectively.
Property, Plant and Equipment
Property, Plant and Equipment
Property, plant and equipment is carried at cost less accumulated depreciation. Cost includes all direct costs necessary to acquire and prepare assets for use or to develop or obtain internal-use software, including internal labor and overhead in some cases. Depreciation is computed using the straight-line method over estimated useful lives of the assets, generally ranging from 2 to 15 years for equipment, 30 to 40 years for buildings, and 2 to 8 years for capitalized software. Leasehold improvements are amortized over the shorter of their estimated useful lives or the related lease life, generally 10 years. For leases with renewal periods at our option, we generally use the original lease term, excluding renewal option periods, to determine estimated useful lives. If failure to exercise a renewal option imposes a significant economic penalty to us, we may determine at the inception of the lease that renewal is reasonably assured and include the renewal option period in the determination of the appropriate estimated useful lives. Capitalized software includes the costs of developing or obtaining internal-use software, such as external direct costs of materials and services, payroll and benefits costs, interest costs, and costs to develop or obtain software that allows for access or conversion of historical data by new systems. We capitalize costs when the preliminary project stage is complete, management has authorized and committed to funding the software project, it is probable that the software project will be completed, and it is probable that the software will be used to perform the intended function.
The portion of depreciation expense related to production and distribution facilities is included in product and distribution costs on our consolidated statements of earnings. The costs of repairs and maintenance are expensed when incurred, while expenditures for refurbishments and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. When assets are disposed of, whether through retirement or sale, the net gain or loss is recognized in
net earnings. Long-lived assets to be disposed of are reported at the lower of their carrying amount or fair value less estimated costs to sell.
We evaluate property, plant and equipment for impairment when facts and circumstances indicate that the carrying values of such assets may not be recoverable. When evaluating for impairment, we first compare the carrying value of the asset to the asset’s estimated future undiscounted cash flows. If the estimated undiscounted future cash flows are less than the carrying value of the asset, we determine if we have an impairment loss by comparing the carrying value of the asset to the asset’s estimated fair value and recognize an impairment charge when the asset’s carrying value exceeds its estimated fair value. The fair value of the asset is estimated using a discounted cash flow model based on forecasted future revenues and operating costs, using internal projections. Property, plant and equipment assets and ROU assets related to the store lease are grouped at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. For company-operated store assets, the impairment test is performed at the individual store asset group level.
We recognized net disposition and impairment charges of $595.3 million, $94.0 million, and $91.1 million in fiscal 2025, 2024, and 2023, respectively. Included in these amounts, we recorded $102.2 million, $23.3 million, and $23.2 million of impairment losses within store operating expenses on our consolidated statements of earnings during the fiscal years ended September 28, 2025, September 29, 2024, and October 1, 2023, respectively. Further, of the total net impairment and disposition charges recorded in fiscal 2025, $352.8 million was restructuring related and recorded in restructuring and impairment expenses. See Note 18, Restructuring, to the consolidated financial statements included in Item 8 of Part II of this 10-K, for further discussion. Unless it is restructuring related, the nature of the underlying asset that is impaired or disposed of will determine the operating expense line on which the related impact is recorded on our consolidated statements of earnings.
Leases
Leases
The majority of our leases are operating leases for our company-operated retail store locations. We also lease, among other things, roasting, distribution and warehouse facilities, and office space for corporate administrative purposes.
We categorize leases as either operating or finance leases at the commencement date of the lease. Operating lease agreements may contain tenant improvement allowances, rent holidays, rent escalation clauses, and/or contingent rent provisions. We have lease agreements with lease and non-lease components, which are accounted for together as a single lease component for all underlying classes of assets.
We recognize a ROU asset and lease liability for each operating and finance lease with a contractual term greater than 12 months at the time of lease inception. We do not record leases with an initial term of 12 months or less on our consolidated balance sheet but continue to record rent expense on a straight-line basis over the lease term. We review contracts for identified assets where we have the right to direct the use of the asset and record those agreements as embedded leases on our consolidated balance sheet. Our leases often include options to extend or terminate at our sole discretion, which are included in the determination of lease term when they are reasonably certain to be exercised.
Our lease liability represents the present value of future lease payments over the lease term. Given our policy election to combine lease and non-lease components, we also consider fixed common area maintenance (“CAM”) part of our fixed future lease payments; therefore, fixed CAM is also included in our lease liability.
We generally cannot determine the interest rate implicit in each of our leases. Therefore, we typically use market and term-specific incremental borrowing rates. Our incremental borrowing rate for a lease is the rate of interest we expect to pay on a collateralized basis to borrow an amount under similar terms. Because we do not borrow on a collateralized basis, we consider a combination of factors, including our credit-adjusted risk-free interest rate, the risk profile and funding cost of the specific geographic market of the lease, the lease term, and the effect of adjusting the rate to reflect consideration of collateral. Our credit-adjusted risk-free rate takes into consideration interest rates we pay on our unsecured long-term bonds as well as quoted interest rates obtained from financial institutions.
Total lease costs recorded as rent and other occupancy costs include fixed operating lease costs, variable lease costs, and short-term lease costs. Most of our real estate leases require we pay certain expenses, such as CAM costs, real estate taxes, and other executory costs, of which the fixed portion is included in operating lease costs. We recognize operating lease costs on a straight-line basis over the lease term. In addition to the above costs, variable lease costs also include amounts based on a percentage of gross sales in excess of specified levels, the costs of which are recognized when probable and are not included in determining the present value of our lease liability. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. A significant majority of our leases are related to our company-operated stores, and the related costs are recorded within store operating expenses.
The ROU asset is measured at the initial amount of the lease liability adjusted for lease payments made at or before the lease commencement date, initial direct costs, and any tenant improvement allowances received. For operating leases, ROU assets are reduced over the lease term by the recognized straight-line lease expense less the amount of accretion of the lease liability determined using the effective interest method. For finance leases, ROU assets are amortized on a straight-line basis over the
shorter of the useful life of the leased asset or the lease term. Interest expense on each finance lease liability is recognized utilizing the effective interest method. ROU assets are tested for impairment in the same manner as long-lived assets.
Additionally, we monitor for events or changes in circumstances that may require a reassessment of one of our leases and determine if a remeasurement is required. See Note 10, Leases, for additional details. For the year ended September 28, 2025, we recognized accelerated amortization of ROU lease assets and other lease exit costs of $239.3 million, due to store closures prior to the end of contractual lease terms, which was recorded in restructuring and impairments on the consolidated statement of earnings. See Note 18, Restructuring, to the consolidated financial statements included in Item 8 of Part II of this 10-K, for further discussion.
Goodwill
Goodwill
We evaluate goodwill for impairment annually during our third fiscal quarter, or more frequently if an event occurs or circumstances change, such as material deterioration in performance or a significant number of store closures, indicating that the carrying value of our goodwill may not be recoverable. When evaluating goodwill for impairment, we may first perform a qualitative assessment to determine whether it is more likely than not that a reporting unit is impaired. If we do not perform a qualitative assessment, or if we determine that it is not more likely than not that the fair value of the reporting unit exceeds its carrying amount, we calculate the estimated fair value of the reporting unit. Fair value is typically calculated using a discounted cash flow model. For certain reporting units, where deemed appropriate, we may also utilize a market approach for estimating fair value. If the carrying amount of the reporting unit exceeds the estimated fair value, an impairment charge is recorded to reduce the carrying value to the estimated fair value.
As part of our ongoing operations, we may close certain stores within a reporting unit containing goodwill due to underperformance of the store or inability to renew our lease, among other reasons. We may abandon certain assets associated with a closed store, including leasehold improvements and other non-transferable assets. When a portion of a reporting unit that constitutes a business is to be disposed of, goodwill associated with the business is included in the carrying amount of the business in determining any loss on disposal. Our evaluation of whether the portion of a reporting unit being disposed of constitutes a business occurs on the date of abandonment. Although an operating store meets the accounting definition of a business prior to abandonment, it does not constitute a business on the closure date because the remaining assets on that date do not constitute an integrated set of activities (substantive processes) and assets that are capable of being managed for the purpose of providing a return to investors. As a result, when closing individual stores, we do not include goodwill in the calculation of any loss on disposal of the related assets.
We recorded no goodwill impairment during fiscal 2025, fiscal 2024, and fiscal 2023. See Note 8, Other Intangible Assets and Goodwill, for further information.
Other Intangible Assets
Other Intangible Assets
Other intangible assets include finite-lived intangible assets, which mainly consist of acquired and reacquired rights, trade names, trade secrets, licensing agreements, contract-based patents, and copyrights. These assets are amortized over their estimated useful lives and are tested for impairment using a similar methodology to our property, plant and equipment, as described above.
Indefinite-lived intangibles, which consist primarily of trade names and trademarks, are tested for impairment annually during the third fiscal quarter, or more frequently if an event occurs or circumstances change, indicating that the carrying value of the intangibles may not be recoverable. When evaluating other intangible assets for impairment, we may first perform a qualitative assessment to determine whether it is more likely than not that an intangible asset group is impaired. If we do not perform the qualitative assessment, or if we determine that it is not more likely than not that the fair value of the intangible asset group exceeds its carrying amount, we calculate the estimated fair value of the intangible asset group. Fair value is the price a willing buyer would pay for the intangible asset group and is typically calculated using an income approach, such as a relief-from-royalty model. If the carrying amount of the intangible asset group exceeds the estimated fair value, an impairment charge is recorded to reduce the carrying value to the estimated fair value. In addition, we continuously monitor and may revise our intangible asset useful lives if and when facts and circumstances change.
There were no significant other intangible asset impairment charges recorded during fiscal years 2025, 2024, and 2023. See Note 8, Other Intangible Assets and Goodwill, for further information.
Insurance Reserves
Insurance Reserves
We use a combination of insurance and self-insurance mechanisms, including a wholly-owned captive insurance entity and participation in a reinsurance treaty, to provide for the potential liabilities for certain risks, including workers’ compensation, healthcare benefits, general liability, and property insurance. Liabilities associated with the risks that are retained by us are not discounted and are estimated, in part, by considering historical claims experience, demographics, exposure and severity factors, and other actuarial assumptions.
Revenue Recognition
Revenue Recognition
Consolidated revenues are presented net of intercompany eliminations for wholly-owned subsidiaries and investees controlled by us and for product sales to, and royalty and other fees from, licensees accounted for under the equity method. Additionally, consolidated revenues are recognized net of any discounts, returns, allowances, and sales incentives, including coupon redemptions and rebates.
Company-operated Store Revenues
Company-operated store revenues are recognized when payment is tendered at the point-of-sale as the performance obligation has been satisfied. For products sold via delivery platforms, contractual terms are evaluated for each service provider to determine gross versus net presentation, and revenues are also recognized when control of products are transferred to the customers. Delivery service fees were immaterial in the periods presented. Company-operated store revenues are reported excluding sales, use, or other transaction taxes that are collected from customers and remitted to taxing authorities.
Licensed Store Revenues
Licensed store revenues consist of product and equipment sales, royalties, and other fees paid by licensees using the Starbucks brand. Sales of coffee, tea, food, and related products are generally recognized upon shipment to licensees, depending on contract terms. Shipping charges billed to licensees are also recognized as revenue, and the related shipping costs are included in product and distribution costs on our consolidated statements of earnings.
We consider pre-opening services, including site evaluation and selection, store architectural/design and development, and operational training, to be performance obligations that are separate from the license to operate under the Starbucks brand. These services provide distinct value to our licensees, including business and industry insight and knowledge that transfers value apart from the license. Revenues associated with pre-opening services are recognized upon completion of the related performance obligations, generally when a store is opened. Royalty revenues are recognized based upon a percentage of reported sales, and other continuing fees, such as marketing and service fees, are recognized as the performance obligations are met.
Stored Value Cards
Stored value cards can be activated through various channels, including at our company-operated and most licensed store locations, online at Starbucks.com, or via mobile devices held by our customers and at certain other third-party websites and locations, such as grocery stores, although they cannot be reloaded at these third-party websites or locations. Amounts loaded onto stored value cards are initially recorded as deferred revenue and recognized as revenue upon redemption. Historically, the majority of stored value cards are redeemed within one year.
In many of our company-operated markets, including the U.S., our stored value cards do not have an expiration date, nor do we charge service fees that cause a decrement to customer balances. Based on historical redemption rates, a portion of stored value cards is not expected to be redeemed and will be recognized as breakage over time in proportion to stored value card redemptions. The redemption rates are based on historical redemption patterns for each market, including the timing and business channel in which the card was activated or reloaded, and remittance to government agencies under unclaimed property laws, if applicable.
Breakage is recognized as company-operated stores and licensed stores revenue within the consolidated statement of earnings. For the fiscal years ended September 28, 2025, September 29, 2024, and October 1, 2023, we recognized breakage revenue of $200.4 million, $187.6 million, and $196.1 million in company-operated store revenues, respectively, and $22.0 million, $20.0 million, and $18.9 million in licensed store revenues, respectively.
Loyalty Program
Customers in the U.S., Canada, and certain other countries who register their stored value card are automatically enrolled in the Starbucks Rewards program, which is primarily a spend-based loyalty program. They earn loyalty points (“Stars”) in a variety of ways, including with each purchase at participating Starbucks stores. Starbucks Rewards members can earn Stars by paying with cash, credit or debit cards, or selected mobile wallets at company-operated and certain participating licensed stores in the U.S. and Canada. After accumulating a certain number of Stars, the customer earns a reward that can be redeemed for free product that, regardless of where the related Stars were earned within that country, will be honored at company-operated stores and certain participating licensed store locations in that same country.
We defer revenue associated with the estimated selling price of Stars earned by Starbucks Rewards members towards free products as each Star is earned and a corresponding liability is established in deferred revenue. This deferral is based on the estimated value of the product for which the reward is expected to be redeemed, net of estimated unredeemed Stars. Stars generally expire after six to twelve months, depending on the market.
When a customer redeems an earned reward, we recognize revenue for the redeemed product and reduce the related deferred revenue.
Other Revenues
Other revenues primarily include royalty revenues, sales of packaged coffee, tea, and a variety of ready-to-drink beverages and single-serve coffee and tea products to customers outside of our company-operated and licensed stores. Sales of these products are generally recognized upon shipment to customers, depending on contract terms.
Other revenues also include product sales to, and licensing revenue from, Nestlé related to our Global Coffee Alliance. Product sales to Nestlé are generally recognized when the product is shipped, whereas royalty revenues are recognized based on a percentage of reported sales.
Deferred Revenues
Our deferred revenue primarily consists of the up-front prepaid royalty from Nestlé, for which we have continuing performance obligations to support the Global Coffee Alliance, and our unredeemed stored value card liability and unredeemed Stars associated with our loyalty program. See Note 11, Deferred Revenue, for further information.
Disaggregation of Revenues
Revenues disaggregated by segment, product type, and geographic area are disclosed in Note 17, Segment Reporting
Product and distribution costs
Product and Distribution Costs
Product and distribution costs primarily include expenses related to raw materials, purchased goods, packaging, delivery, and tariff impacts, along with operational costs of our supply chain organization. This encompasses wages, benefits, occupancy costs, and depreciation associated with sourcing, procuring, manufacturing, warehousing, and transportation of products sold at our company-operated and licensed stores, as well as through Channel Development and our other businesses. Additionally, it includes costs related to inventory and supply chain asset impairments.
Store Operating Expense
Store Operating Expenses
Store operating expenses consist of costs incurred in our company-operated stores, primarily wages and benefits related to store partners (employees), occupancy costs, marketing, delivery commissions, and other costs that directly support the operation and sales-related activities of those stores.
Selling, General and Administrative Expenses, Policy
General and Administrative Expenses
General and administrative expenses primarily consist of wages and benefits, professional service fees, and occupancy costs for corporate headquarters and regional offices that support our corporate functions
Marketing & Advertising
Advertising
We expense most advertising costs as they are incurred, except for certain production costs that are expensed the first time the advertising takes place. Advertising expenses totaled $869.5 million, $597.3 million, and $507.8 million in fiscal 2025, 2024, and 2023, respectively.
Store Preopening Expenses
Store Preopening Expenses
Costs incurred in connection with the start-up and promotion of new company-operated store openings are expensed as incurred.
Asset Retirement Obligations
Asset Retirement Obligations
We recognize a liability for the fair value of required asset retirement obligations (“ARO”) when such obligations are incurred. Our AROs are primarily associated with leasehold improvements, which, at the end of a lease, we are contractually obligated to remove to comply with the lease agreement. At the inception of a lease with such conditions, we record an ARO liability and a corresponding capital asset in an amount equal to the estimated fair value of the obligation. We estimate the liability using a number of assumptions, including store closing costs, cost inflation rates, and discount rates, and accrete the liability to its projected future value over time. The capitalized asset is depreciated using the same depreciation convention as leasehold improvement assets. Upon satisfaction of the ARO conditions, any difference between the recorded ARO liability and the actual retirement costs incurred is recognized as a gain or loss in store operating expenses on our consolidated statements of earnings. As of September 28, 2025, and September 29, 2024, our net ARO assets included in property, plant and equipment were $25.5 million and $25.1 million, respectively, and our net ARO liabilities included in other long-term liabilities were $126.3 million and $119.2 million, respectively.
Stock-based Compensation
Stock-based Compensation
We maintain several equity incentive plans under which we may grant non-qualified stock options, incentive stock options, restricted stock, restricted stock units (“RSUs”), or stock appreciation rights to employees, non-employee directors, and consultants; stock options have not been broadly used as part of our compensation strategy in recent years. We also have an employee stock purchase plan (“ESPP”). RSUs issued by us are equivalent to nonvested shares under the applicable accounting guidance. We record stock-based compensation expense based on the fair value of stock awards at the grant date and recognize the expense over the related service period following a graded vesting expense schedule. Expense for performance-based RSUs is recognized when it is probable the performance goal will be achieved. Performance goals are determined by the Board and may include measures such as earnings per share, comparable store sales, operating income, return on invested capital, total shareholder return, and metrics focused on achievement of key components of the “Back to Starbucks” plan. The fair value of RSUs is based on the closing price of Starbucks common stock on the award date, less the present value of the dividends expected to be paid on the underlying shares during the vesting period. The fair value of each stock option granted is estimated on the grant date using the Black-Scholes-Merton option valuation model. The assumptions used to calculate the fair value of options granted are evaluated and revised, as necessary, to reflect market conditions and our historical experience. If applicable, our total shareholder return relative to our peer group is incorporated into the underlying assumptions using a Monte Carlo simulation valuation model to calculate grant date fair value. The related assumptions used in the Monte Carlo simulation valuation model include expected term, volatility, dividend yield, and risk-free interest rate. Compensation expense is recognized over the requisite service period for each separately vesting portion of the award, and only for those awards expected to vest, with forfeitures estimated at the date of grant based on our historical experience and future expectations.
Foreign Currency Translation
Foreign Currency Translation
Our international operations generally use their local currency as their functional currency. Assets and liabilities are translated at exchange rates in effect at the balance sheet date. Income and expense accounts are translated at the average monthly exchange rates during the year. Resulting translation adjustments are reported as a component of OCI and recorded in AOCI on our consolidated balance sheets.
Income Taxes
Income Taxes
We compute income taxes using the asset and liability method, under which deferred income taxes are recognized based on the differences between the financial statement carrying amounts and the respective tax bases of our assets and liabilities. Deferred tax assets and liabilities are measured using current enacted tax rates expected to apply to taxable income in the years in which we expect the temporary differences to reverse. The effect of a change in tax rates on deferred taxes is recognized in income in the period that includes the enactment date.
We routinely evaluate the likelihood of realizing the benefit of our deferred tax assets and may record a valuation allowance if, based on all available evidence, we determine that some portion of the tax benefit will not be realized. In evaluating our ability to recover our deferred tax assets within the jurisdictions from which they arise, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax-planning strategies, and results of recent operations. If we determine that we would be able to realize our deferred tax assets in the future in excess of their net recorded amount, we would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.
In addition, our income tax returns are periodically audited by domestic and foreign tax authorities. These audits include review of our tax filing positions, including the timing and amount of deductions taken and the allocation of income between tax jurisdictions. We evaluate our exposures associated with our various tax filing positions and recognize a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the relevant taxing authorities, including resolutions of any related appeals or litigation processes, based on the technical merits of our position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. For uncertain tax positions that do not meet this threshold, we record a related liability. We adjust our unrecognized tax benefit liability and income tax expense in the period in which the uncertain tax position is effectively settled, the statute of limitations expires for the relevant taxing authority to examine the tax position, or when new information becomes available.
Starbucks recognizes interest and penalties related to income tax matters in income tax expense on our consolidated statements of earnings. Accrued interest and penalties are included within the related tax balances on our consolidated balance sheets.
Global intangible low-taxed income (“GILTI”) provisions are applied, providing an incremental tax on foreign income. We have made a policy election to classify taxes due under the GILTI provision as a current period expense.
Earnings per Share
Earnings per Share
Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock and the effect of dilutive potential common shares outstanding during the period, calculated using the treasury stock method. Dilutive potential common shares include outstanding stock options and RSUs. Performance-based RSUs are considered dilutive when the related performance criterion has been met.
Common Stock Share Repurchases
Common Stock Share Repurchases
We may repurchase shares of Starbucks common stock under a program authorized by our Board, including pursuant to a contract, instruction, or written plan meeting the requirements of Rule 10b5-1(c)(1) of the Exchange Act. Under applicable Washington State law, shares repurchased are retired and not displayed separately as treasury stock on the financial statements. Instead, the par value of repurchased shares is deducted from common stock, and the excess repurchase price over par value is deducted from additional paid-in capital and from retained earnings (deficit).
Recent Accounting Pronouncements
Recent Accounting Pronouncements
Recently Adopted Accounting Pronouncements
In the fourth quarter of fiscal 2025, we adopted the Financial Accounting Standards Board (“FASB”) issued guidance expanding segment disclosure requirements. The amendments require enhanced disclosure for certain segment items and disclosure on how our Chief Operating Decision Maker (“CODM”) uses reported measures to assess segment performance. The amendments do not change how segments are determined, aggregated, or how thresholds are applied to determine reportable segments. The adoption of this guidance did not have a significant impact on our consolidated financial statement disclosures. Refer to Note 17, Segment Reporting, for our segment disclosures including enhancements as a result of the amendments.
Recent Accounting Pronouncements Not Yet Adopted
In December 2023, the FASB issued guidance expanding disclosure requirements related to income taxes. The amendments require enhanced jurisdictional disclosures for the income tax rate reconciliation and related to cash income taxes paid. Additionally, certain disclosures related to unrecognized tax benefits and indefinite reinvestment assertions were removed. The amendments are effective for our fiscal year ending September 27, 2026. While we are still evaluating the specific impacts, we anticipate this guidance will have a significant impact on our annual income tax disclosures.
In November 2024, the FASB issued guidance expanding disclosure requirements related to certain income statement expenses. The amendments require tabular disclosure of certain operating expenses disaggregated into categories, such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The amendments are effective for our fiscal year ending October 1, 2028, and may be applied retrospectively. While we are still evaluating the specific impacts and adoption method, we anticipate this guidance will have a significant impact on our consolidated financial statement disclosures.
In July 2025, the FASB issued guidance providing a practical expedient for measuring expected credit losses on current accounts receivable and current contract assets arising from revenue transactions. The amendment is effective for our fiscal year ended October 3, 2027. While we are still evaluating the specific impacts, we anticipate the impact to be limited to the simplification of the estimation process, with no material impact on the allowance for credit losses.
Costs Associated with Exit or Disposal Activity or Restructuring
Restructuring
In the fourth quarter of fiscal 2024, we announced our “Back to Starbucks” strategy, which was implemented with the goal to bring customers back to our stores and return to growth by revitalizing coffeehouses, enhancing the customer experience, and improving efficiency. As part of this strategy, during the second quarter of fiscal 2025, we announced our plan to restructure our support organization in an effort to operate more efficiently, increase accountability, reduce complexity, and drive better integration, which resulted in a reduction in our support partner workforce.
In the fourth quarter of fiscal 2025, we announced a restructuring plan involving the closure of coffeehouses, and the further transformation of our support organization, as part of the Company’s “Back to Starbucks” strategy. We assessed our existing store portfolio with respect to both whether coffeehouses had a viable path to offering the physical environment consistent with the brand and a clear path to financial performance, and we closed, or plan to close, coffeehouses that did not meet these criteria.
Refer to Note 18, Restructuring, included in Item 8 of Part II of this 10-K, for further discussion.
v3.25.3
Derivative Financial Instruments (Tables)
12 Months Ended
Sep. 28, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Gains and Losses on Derivative Contracts Designated as Hedging Instruments Included in AOCI and Expected to be Reclassified into Earnings Within 12 months, Net of Tax
Gains and losses on derivative contracts and foreign currency-denominated debt designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
Net Gains/(Losses)
Included in AOCI
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
Outstanding Contract/Debt Remaining Maturity
(Months)
Sep 28,
2025
Sep 29,
2024
Oct 1,
2023
Cash Flow Hedges:
Coffee$23.3 $60.1 $(78.1)$20.0 6
Cross-currency swaps— 0.5 (0.6)— 0
Dairy— 2.0 (1.8)— 0
Foreign currency - other19.0 11.5 39.6 13.8 34
Interest rates(1.4)(3.6)(6.6)(3.6)0
Net Investment Hedges:
Cross-currency swaps206.2 96.5 87.1 — 102
Foreign currency16.0 16.0 16.0 — 0
Foreign currency debt135.2 135.2 140.2 — 0
Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings
Pre-tax gains and losses on derivative contracts and foreign currency-denominated long-term debt designated as hedging instruments recognized in OCI and reclassifications from AOCI to earnings (in millions):
Year Ended
Gains/(Losses)
Recognized in
OCI Before Reclassifications
Gains/(Losses) Reclassified from
AOCI to Earnings
Location of gain/(loss)
Sep 28,
2025
Sep 29,
2024
Oct 1,
2023
Sep 28,
2025
Sep 29,
2024
Oct 1,
2023
Cash Flow Hedges:
Coffee$40.4 $100.8 $(152.9)$86.5 $(61.2)$110.5 Product and distribution costs
Cross-currency swaps0.9 2.7 4.9 — 1.4 3.1 Interest expense
1.4 0.1 0.3 Interest income and other, net
Dairy(1.3)1.3 (11.1)1.4 (3.8)(12.3)Product and distribution costs
Foreign currency - other41.4 1.2 9.4 22.5 28.2 23.6 Licensed stores revenues
9.1 10.0 6.7 Product and distribution costs
— — 0.2 
Interest income and other, net
Interest rates(1.3)— 0.3 (4.1)(4.0)1.4 Interest expense
Net Investment Hedges:
Cross-currency swaps (1)
255.9 62.0 54.1 109.0 49.6 27.4 Interest expense
Foreign currency debt— (6.3)19.1 — — — 
(1) Gains and losses recognized in earnings relate to components excluded from the assessment of effectiveness.
Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings
Pre-tax gains and losses on non-designated derivatives and designated fair value hedging instruments and the related fair value hedged item recognized in earnings (in millions):
Gains/(Losses) Recognized in Earnings
 Location of gain/(loss) recognized in earnings Year Ended
 Sep 28, 2025Sep 29, 2024Oct 1, 2023
Non-Designated Derivatives:
DairyInterest income and other, net$0.1 $(0.1)$(0.1)
Diesel fuel and other commoditiesInterest income and other, net0.1 (1.9)(2.0)
CoffeeInterest income and other, net— — (5.4)
Foreign currency - otherInterest income and other, net2.4 0.1 (3.6)
Fair Value Hedges:
Interest rate swapInterest expense(7.1)9.9 (18.7)
Long-term debt (hedged item)Interest expense(2.0)(22.3)(12.3)
Notional Amounts of Outstanding Derivative Contracts
Notional amounts of outstanding derivative contracts (in millions):
Sep 28, 2025Sep 29, 2024
Coffee$387 $154 
Cross-currency swaps4,197 4,213 
Dairy— 65 
Diesel fuel and other commodities
Foreign currency - other930 920 
Interest rate swaps350 350 
Fair Value of Outstanding Derivative Contracts
Fair value of outstanding derivative contracts (in millions) including the location of the asset and/or liability on the consolidated balance sheets:
Derivative Assets
Balance Sheet LocationSep 28, 2025Sep 29, 2024
Designated Derivative Instruments(1):
Cross-currency swaps
Prepaid expenses and other current assets
$— $3.9 
Other long-term assets271.9 177.4 
DairyPrepaid expenses and other current assets— 0.8 
Foreign currency - otherPrepaid expenses and other current assets13.0 1.9 
Other long-term assets6.7 1.7 
Non-designated Derivative Instruments:
DairyPrepaid expenses and other current assets— 0.3 
Diesel fuel and other commoditiesPrepaid expenses and other current assets0.1 — 
Foreign currencyPrepaid expenses and other current assets2.7 1.8 
Derivative Liabilities
Balance Sheet LocationSep 28, 2025Sep 29, 2024
Designated Derivative Instruments:
Cross-currency swaps
Accrued liabilities
$5.8 $21.7 
Other long-term liabilities3.5 33.3 
Foreign currency - otherAccrued liabilities0.2 4.7 
Other long-term liabilities0.2 4.1 
Interest rate swaps
Other long-term liabilities17.0 19.2 
Non-designated Derivative Instruments:
Diesel fuel and other commodities
Accrued liabilities
— 0.3 
Foreign currencyAccrued liabilities1.1 2.5 
Other long-term liabilities0.2 0.1 
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following amounts were recorded on the consolidated balance sheets related to fixed-to-floating interest rate swaps designated in fair value hedging relationships (in millions):
Carrying amount of hedged itemCumulative amount of fair value hedging adjustment included in the carrying amount
Sep 28, 2025Sep 29, 2024Sep 28, 2025Sep 29, 2024
Location on the balance sheet
Long-term debt
$334.1 $332.2 $(15.9)$(17.8)
v3.25.3
Fair Value Measurements (Tables)
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Fair Value Disclosures [Abstract]    
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
September 28, 2025
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$3,219.8 $3,219.8 $— $— 
Short-term investments:
Available-for-sale debt securities:
Corporate debt securities67.8 — 55.9 11.9 
Mortgage and other asset-backed securities0.4 — 0.4 — 
State and local government obligations1.1 — 1.1 — 
U.S. government treasury securities82.6 82.6 — — 
Total available-for-sale debt securities151.9 82.6 57.4 11.9 
Marketable equity securities95.3 95.3 — — 
Total short-term investments247.2 177.9 57.4 11.9 
Prepaid expenses and other current assets:
Derivative assets15.9 — 15.9 — 
Long-term investments:
Available-for-sale debt securities:
Corporate debt securities132.2 — 105.5 26.7 
Mortgage and other asset-backed securities75.7 — 75.7 — 
State and local government obligations2.7 — 2.7 — 
U.S. government treasury securities36.3 36.3 — — 
Total Available-for-sale debt securities246.9 36.3 183.9 26.7 
Total long-term investments246.9 36.3 183.9 26.7 
Other long-term assets:
Derivative assets278.6 — 278.6 — 
Total assets$4,008.4 $3,434.0 $535.8 $38.6 
Liabilities:
Accrued liabilities:
Derivative liabilities$7.1 $— $7.1 $— 
Other long-term liabilities:
Derivative liabilities20.9 — 20.9 — 
Total liabilities$28.0 $— $28.0 $— 
  Fair Value Measurements at Reporting Date Using
 Balance at
September 29, 2024
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$3,286.2 $3,286.2 $— $— 
Short-term investments:
Available-for-sale debt securities
Corporate debt securities
51.8 — 51.8 — 
Foreign corporate bonds
0.2 — 0.2 — 
Mortgage and other asset-backed securities0.4 — 0.4 — 
State and local government obligations
1.4 — 1.4 — 
U.S. government treasury securities36.9 36.9 — — 
Total available-for-sale debt securities90.7 36.9 53.8 — 
Structured deposits84.1 — 84.1 — 
Marketable equity securities82.2 82.2 — — 
Total short-term investments257.0 119.1 137.9 — 
Prepaid expenses and other current assets:
Derivative assets8.7 — 8.7 — 
Long-term investments:
Available-for-sale debt securities
Corporate debt securities112.8 — 101.8 11.0 
Mortgage and other asset-backed securities64.4 — 64.4 — 
State and local government obligations3.7 — 3.7 — 
U.S. government treasury securities94.9 94.9 — — 
Total Available-for-sale debt securities
275.8 94.9 169.9 11.0 
Structured Deposit
0.2 — 0.2 — 
Total long-term investments
276.0 94.9 170.1 11.0 
Other long-term assets:
Derivative assets179.1 — 179.1 — 
Total assets$4,007.0 $3,500.2 $495.8 $11.0 
Liabilities:
Accrued liabilities:
Derivative liabilities$29.2 $— $29.2 $— 
Other long-term liabilities:
Derivative liabilities56.7 — 56.7 — 
Total liabilities$85.9 $— $85.9 $— 
v3.25.3
Inventory (Tables)
12 Months Ended
Sep. 28, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventory
Sep 28, 2025Sep 29, 2024
Coffee:
Unroasted$911.2 $665.1 
Roasted342.0 251.9 
Other merchandise held for sale (1)
399.7 384.6 
Packaging and other supplies532.7 475.7 
Total$2,185.6 $1,777.3 
(1) “Other merchandise held for sale” includes, among other items, serveware, food, and tea. Inventory levels vary due to seasonality, commodity market supply, and price fluctuations.
v3.25.3
Equity Method and Other Investments (Tables)
12 Months Ended
Sep. 28, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity and Other Investments Equity Investments (in millions)
Sep 28, 2025Sep 29, 2024
Equity method investments$418.9 $424.1 
Other investments47.3 39.8 
Total$466.2 $463.9 
v3.25.3
Supplemental Balance Sheet Information Schedule of Accrued Liabilities (Tables)
12 Months Ended
Sep. 28, 2025
Balance Sheet Related Disclosures [Abstract]  
Property, Plant and Equipment
Property, Plant and Equipment, net
Sep 28, 2025Sep 29, 2024
Land$54.9 $56.9 
Buildings673.7 684.8 
Leasehold improvements11,762.4 11,453.9 
Store equipment3,963.6 3,803.6 
Roasting equipment982.2 865.7 
Capitalized software
1,177.7 1,049.7 
Furniture, fixtures and other893.9 775.5 
Work in progress334.3 750.9 
Property, plant and equipment, gross19,842.7 19,441.0 
Accumulated depreciation(11,349.2)(10,775.5)
Property, plant and equipment, net$8,493.5 $8,665.5 
Schedule of Accrued Liabilities
Accrued Liabilities
Sep 28, 2025Sep 29, 2024
Accrued occupancy costs$89.5 $81.7 
Accrued dividends payable704.8 691.2 
Accrued capital and other operating expenditures897.0 842.8 
Insurance reserves
282.3 244.3 
Income taxes payable150.3 123.5 
Accrued business taxes235.8 211.2 
Total accrued liabilities$2,359.7 $2,194.7 
Income Statement Related Disclosures [Abstract]  
Store Operating Expenses
Store Operating Expenses
Year Ended
Sep 28, 2025Sep 29, 2024Oct 1, 2023
Wages and benefits$9,862.4 $8,828.6 $8,733.4 
Occupancy costs3,318.6 3,050.6 2,871.0 
Other expenses3,877.9 3,407.3 3,115.9 
Total store operating expenses$17,058.9 $15,286.5 $14,720.3 
v3.25.3
Other Intangible Assets and Goodwill (Tables)
12 Months Ended
Sep. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Indefinite-lived Intangible Assets
Indefinite-Lived Intangible Assets
(in millions)Sep 28, 2025Sep 29, 2024
Trade names, trademarks, and patents
$79.5 $79.5 
Finite-Lived Intangible Assets
Finite-Lived Intangible Assets
Sep 28, 2025Sep 29, 2024
(in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired and reacquired rights$1,053.9 $(974.9)$79.0 $995.5 $(995.5)$— 
Acquired trade secrets and processes27.6 (27.6)— 27.6 (27.6)— 
Trade names, trademarks, and patents
131.2 (122.9)8.3 130.4 (110.0)20.4 
Licensing agreements13.0 (13.0)— 13.4 (12.4)1.0 
Other finite-lived intangible assets20.5 (20.5)— 20.9 (20.9)— 
Total finite-lived intangible assets$1,246.2 $(1,158.9)$87.3 $1,187.8 $(1,166.4)$21.4 
Estimated Future Amortization Expense
Estimated future amortization expense as of September 28, 2025 (in millions):
Fiscal Year
2026$6.1 
20275.9 
20285.3 
20294.9 
20304.7 
Thereafter60.4 
Total estimated future amortization expense$87.3 
Changes In Carrying Amount Of Goodwill By Reportable Operating Segment
Goodwill
Changes in the carrying amount of goodwill by reportable operating segment (in millions):
North AmericaInternationalChannel
Development
Corporate and Other Total
Goodwill balance at October 1, 2023
$491.5 $2,691.1 $34.7 $1.0 $3,218.3 
Other (1)
— 97.4 — — 97.4 
Goodwill balance at September 29, 2024
$491.5 $2,788.5 $34.7 $1.0 $3,315.7 
Acquisition(2)
105.7 105.7 
Other (1)
(0.9)(51.6)— — (52.5)
Goodwill balance at September 28, 2025$490.6 $2,842.6 $34.7 $1.0 $3,368.9 
(1)“Other” consists of changes in the goodwill balance resulting from foreign currency translation.
(2)Additions to goodwill include the acquisition of 23.5 Degrees Topco Limited in the first quarter of fiscal 2025.
v3.25.3
Debt (Tables)
12 Months Ended
Sep. 28, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments [Table Text Block]
Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):
Sep 28, 2025Sep 29, 2024Stated Interest Rate
Effective Interest Rate (1)
IssuanceFace ValueEstimated Fair ValueFace ValueEstimated Fair Value
August 2025 notes$— $— $1,250.0 $1,243.4 3.800 %3.721 %
February 2026 notes1,000.0 1,001.7 1,000.0 1,008.3 4.750 %4.788 %
June 2026 notes500.0 494.0 500.0 486.8 2.450 %2.511 %
February 2027 notes
1,000.0 1,009.8 1,000.0 1,017.8 4.850 %4.958 %
March 2027 notes500.0 484.7 500.0 477.1 2.000 %2.058 %
March 2028 notes600.0 591.9 600.0 590.3 3.500 %3.529 %
May 2028 notes750.0 757.1 — — 4.500 %4.719 %
November 2028 notes750.0 747.9 750.0 748.4 4.000 %3.958 %
August 2029 notes(2)
1,000.0 978.5 1,000.0 977.3 3.550 %3.840 %
March 2030 notes750.0 687.8 750.0 679.0 2.250 %3.084 %
May 2030 notes500.0 510.2 — — 4.800 %4.932 %
November 2030 notes1,250.0 1,145.9 1,250.0 1,135.4 2.550 %2.582 %
February 2031 notes
500.0 514.2 500.0 520.8 4.900 %5.046 %
February 2032 notes1,000.0 918.1 1,000.0 912.0 3.000 %3.155 %
February 2033 notes500.0 505.7 500.0 513.1 4.800 %3.798 %
February 2034 notes
500.0 509.9 500.0 515.0 5.000 %5.127 %
May 2035 notes500.0 516.6 — — 5.400 %5.510 %
June 2045 notes350.0 292.1 350.0 308.5 4.300 %4.348 %
December 2047 notes500.0 378.0 500.0 398.8 3.750 %3.765 %
November 2048 notes1,000.0 849.6 1,000.0 903.4 4.500 %4.504 %
August 2049 notes1,000.0 839.5 1,000.0 889.0 4.450 %4.447 %
March 2050 notes500.0 346.0 500.0 367.9 3.350 %3.362 %
November 2050 notes1,250.0 889.0 1,250.0 954.4 3.500 %3.528 %
   Total16,200.0 14,968.2 15,700.0 14,646.7 
Aggregate debt issuance costs and unamortized premium/(discount), net(109.3)(113.8)
Hedge accounting fair value adjustment(2)
(15.9)(17.8)
   Total$16,074.8 $15,568.4 
(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)Amount includes the change in fair value due to changes in benchmark interest rates related to hedging $350 million of our August 2029 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 September 28, 2025, by fiscal year (in millions):
Fiscal YearTotal
2026
$1,500.0 
20271,500.0 
20281,350.0 
20291,750.0 
20301,250.0 
Thereafter8,850.0 
Total$16,200.0 
v3.25.3
Leases (Tables)
12 Months Ended
Sep. 28, 2025
Leases [Abstract]  
Lease, Cost
The components of lease costs (in millions):
Year Ended
Sep 28, 2025Sep 29, 2024Oct 1, 2023
Operating lease costs(1)
$2,097.0 $1,723.5 $1,601.0 
Variable lease costs1,245.7 1,130.7 1,050.3 
Short-term lease costs21.0 26.8 28.0 
Total lease costs$3,363.7 $2,881.0 $2,679.3 
(1)Includes immaterial amounts of sublease income and rent concessions.
Supplemental Lease Disclosure
The following table includes supplemental information (in millions):
Year Ended
Sep 28, 2025Sep 29, 2024Oct 1, 2023
Cash paid related to operating lease liabilities$1,901.4 $1,672.5 $1,657.2 
Operating lease liabilities arising from obtaining ROU assets(1)
1,980.8 2,263.9 1,893.4 
Sep 28, 2025Sep 29, 2024Oct 1, 2023
Weighted-average remaining operating lease term8.6 years8.6 years8.5 years
Weighted-average operating lease discount rate3.7 %3.4 %3.1 %
(1)Includes leases obtained in the acquisition of 23.5 Degrees Topco Limited in the first quarter of fiscal 2025.
Lessee, Operating Lease, Liability, Maturity
Minimum future maturities of operating lease liabilities (in millions):
Fiscal YearTotal
2026$1,940.6 
20271,757.3 
20281,548.4 
20291,360.4 
20301,190.3 
Thereafter4,592.2 
Total lease payments12,389.2 
Less imputed interest(1,852.5)
Total$10,536.7 
v3.25.3
Deferred Revenue (Tables)
12 Months Ended
Sep. 28, 2025
Revenue from Contract with Customer [Abstract]  
Changes in Deferred Revenue Balance Related to Stored Value Cards and Loyalty Program
Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):
Fiscal Year Ended September 28, 2025
Total
Stored value cards and loyalty program at September 29, 2024
$1,718.7 
Revenue deferred - card activations, card reloads and Stars earned15,245.8 
Revenue recognized - card and Stars redemptions and breakage(15,199.5)
Other(1)
(13.3)
Stored value cards and loyalty program at September 28, 2025(2)
$1,751.7 
Fiscal Year Ended September 29, 2024
Total
Stored value cards and loyalty program at October 1, 2023
$1,567.5 
Revenue deferred - card activations, card reloads and Stars earned15,807.1 
Revenue recognized - card and Stars redemptions and breakage(15,665.1)
Other(1)
9.2 
Stored value cards and loyalty program at September 29, 2024(2)
$1,718.7 
(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.
(2)As of each of the fiscal years ended September 28, 2025, and September 29, 2024, approximately $1.6 billion of the respective amounts was current.
v3.25.3
Equity (Tables)
12 Months Ended
Sep. 28, 2025
Equity [Abstract]  
Changes in Components of Accumulated Other Comprehensive Income, Net of Tax
Changes in AOCI by component for the fiscal years ended September 28, 2025, September 29, 2024, and October 1, 2023, net of tax, are as follows:
(in millions) Available-for-Sale Securities Cash Flow Hedges Net Investment HedgesTranslation Adjustment and OtherTotal
September 28, 2025
Net gains/(losses) in AOCI, beginning of period$(2.3)$70.5 $247.7 $(744.7)$(428.8)
Net gains/(losses) recognized in OCI before reclassifications1.9 62.2 191.3 (113.2)142.2 
Net (gains)/losses reclassified from AOCI to earnings0.9 (91.8)(81.6)— (172.5)
Other comprehensive income/(loss) attributable to Starbucks2.8 (29.6)109.7 (113.2)(30.3)
Other comprehensive income/(loss) attributable to NCI— — — (0.2)(0.2)
Net gains/(losses) in AOCI, end of period$0.5 $40.9 $357.4 $(858.1)$(459.3)
(in millions) Available-for-Sale Securities Cash Flow Hedges Net Investment HedgesTranslation Adjustment and OtherTotal
September 29, 2024
Net gains/(losses) in AOCI, beginning of period$(12.3)$(47.5)$243.3 $(961.7)$(778.2)
Net gains/(losses) recognized in OCI before reclassifications9.1 89.8 41.6 216.7 357.2 
Net (gains)/losses reclassified from AOCI to earnings0.9 28.2 (37.2)(0.1)(8.2)
Other comprehensive income/(loss) attributable to Starbucks10.0 118.0 4.4 216.6 349.0 
Other comprehensive income/(loss) attributable to NCI
— — — 0.4 0.4 
Net gains/(losses) in AOCI, end of period$(2.3)$70.5 $247.7 $(744.7)$(428.8)
(in millions) Available-for-Sale Securities Cash Flow Hedges Net Investment HedgesTranslation Adjustment and OtherTotal
October 1, 2023
Net gains/(losses) in AOCI, beginning of period$(15.5)$199.0 $209.1 $(855.8)$(463.2)
Net gains/(losses) recognized in OCI before reclassifications2.5 (132.2)54.7 (106.5)(181.5)
Net (gains)/losses reclassified from AOCI to earnings0.7 (114.3)(20.5)1.3 (132.8)
Other comprehensive income/(loss) attributable to Starbucks3.2 (246.5)34.2 (105.2)(314.3)
Other comprehensive income/(loss) attributable to NCI
— — — (0.7)(0.7)
Net gains/(losses) in AOCI, end of period$(12.3)$(47.5)$243.3 $(961.7)$(778.2)
Impact of Reclassification from Accumulated Other Comprehensive Income on Earnings
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
AOCI
Components
Amounts Reclassified from AOCI
Affected Line Item in
the Statements of Earnings
Year Ended
Sep 28, 2025Sep 29, 2024Oct 1, 2023
Gains/(losses) on available-for-sale securities$(0.9)$(1.2)$(0.7)Interest income and other, net
Gains/(losses) on cash flow hedges116.8 (29.3)133.5 
Please refer to Note 3, Derivative Financial Instruments, for additional information.
Gains/(losses) on net investment hedges109.0 49.6 27.4 Interest expense
Other (1)
— 0.1 (1.3)Interest income and other, net
224.9 19.2 158.9 Total before tax
(52.4)(11.0)(26.1)Tax (expense)/benefit
$172.5 $8.2 $132.8 Net of tax
(1)     Release of cumulative translation adjustments and other activities to earnings upon sale, liquidation, or dissolution of foreign businesses.
v3.25.3
Employee Stock and Benefit Plans (Tables)
12 Months Ended
Sep. 28, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Expense Recognized in the Consolidated Financial Statements
Stock-based compensation expense recognized in the consolidated statement of earnings (in millions):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
RSUs$318.3 $308.3 $302.6 
Options— — 0.1 
Total stock-based compensation expense recognized in the consolidated statements of earnings$318.3 $308.3 $302.7 
Total related tax benefit$47.9 $57.0 $50.9 
Total capitalized stock-based compensation included in net property, plant and equipment on the consolidated balance sheets$3.6 $3.6 $3.7 
Stock Option Transactions Stock option transactions were not material for the fiscal year ended September 28, 2025.
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
RSU transactions for the fiscal year ended September 28, 2025 (in millions, except per share and contractual life amounts):
Number
of
Shares
Weighted
Average
Grant Date
Fair Value
per Share
Weighted
Average
Remaining
Contractual
Life (Years)
Aggregate
Intrinsic
Value
Nonvested, September 29, 20248.7 $102.91 1.2$844 
Granted5.9 95.83 
Vested(3.3)99.90 
Forfeited/canceled(2.3)98.21 
Nonvested, September 28, 20259.0 $98.89 1.2$791 
v3.25.3
Income Taxes (Tables)
12 Months Ended
Sep. 28, 2025
Income Tax Disclosure [Abstract]  
Components of Earnings/(Loss) Before Income Taxes
Components of earnings before income taxes (in millions):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
United States$1,850.1 $4,087.6 $4,488.6 
Foreign657.2 882.0 913.3 
Total earnings before income taxes$2,507.3 $4,969.6 $5,401.9 
Provision/(Benefit) for Income Taxes
Provision/(benefit) for income taxes (in millions):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
Current taxes:
U.S. federal$179.4 $681.2 $678.2 
U.S. state and local120.4 210.9 235.9 
Foreign362.5 328.8 422.4 
Total current taxes662.3 1,220.9 1,336.5 
Deferred taxes:
U.S. federal30.2 10.7 117.0 
U.S. state and local(11.3)(0.7)(0.8)
Foreign(30.6)(23.6)(175.5)
Total deferred taxes(11.7)(13.6)(59.3)
Total income tax expense$650.6 $1,207.3 $1,277.2 
Reconciliation of the Statutory U.S. Federal Income Tax Rate With Our Effective Income Tax Rate
Reconciliation of the statutory U.S. federal income tax rate with our effective income tax rate:
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
Statutory rate21.0 %21.0 %21.0 %
State income taxes, net of federal tax benefit3.4 3.3 3.4 
Foreign rate differential0.3 0.3 0.4 
Residual tax on foreign earnings3.6 0.4 — 
Foreign derived intangible income(1.6)(0.8)(0.8)
Tax status change of foreign entity
(1.4)— — 
Other, net0.6 0.1 (0.4)
Effective tax rate25.9 %24.3 %23.6 %
Tax Effect of Temporary Differences and Carryforwards that Comprise Significant Portions of Deferred Tax Assets and Liabilities
Tax effect of temporary differences and carryforwards that comprise significant portions of deferred tax assets and liabilities (in millions):
Sep 28, 2025Sep 29, 2024
Deferred tax assets:
Operating lease liabilities$2,646.7 $2,595.1 
Stored value card liability and deferred revenue1,593.0 1,612.5 
Intangible assets and goodwill 355.5 372.6 
Other780.9 692.2 
Total5,376.1 5,272.4 
Valuation allowance(189.2)(194.5)
Total deferred tax asset, net of valuation allowance5,186.9 5,077.9 
Deferred tax liabilities:
Operating lease, right-of-use assets(2,466.8)(2,483.7)
Property, plant and equipment(641.3)(580.8)
Other(302.3)(267.8)
Total(3,410.4)(3,332.3)
Net deferred tax asset (liability)$1,776.5 $1,745.6 
Reported as:
Deferred income tax assets$1,826.9 $1,766.7 
Deferred income tax liabilities (included in Other long-term liabilities)(50.4)(21.1)
Net deferred tax asset (liability)$1,776.5 $1,745.6 
Schedule of Unrecognized Tax Benefits Roll Forward
The following table summarizes the activity related to our unrecognized tax benefits (in millions):
Sep 28, 2025Sep 29, 2024Oct 1, 2023
Beginning balance$108.0 $105.0 $89.7 
Increase related to prior year tax positions3.1 7.9 1.2 
Decrease related to prior year tax positions(0.4)(6.4)(0.4)
Increase related to current year tax positions12.9 10.3 14.5 
Decreases related to settlements with taxing authorities(0.7)(8.8)— 
Decrease related to lapsing of statute of limitations(3.0)— — 
Ending balance$119.9 $108.0 $105.0 
v3.25.3
Earnings Per Share (Tables)
12 Months Ended
Sep. 28, 2025
Earnings Per Share [Abstract]  
Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted
Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
Net earnings attributable to Starbucks$1,856.4 $3,760.9 $4,124.5 
Weighted average common shares outstanding (for basic calculation)1,136.0 1,133.8 1,146.8 
Dilutive effect of outstanding common stock options and RSUs3.8 3.5 4.5 
Weighted average common and common equivalent shares outstanding (for diluted calculation)1,139.8 1,137.3 1,151.3 
EPS — basic$1.63 $3.32 $3.60 
EPS — diluted$1.63 $3.31 $3.58 
v3.25.3
Segment Reporting (Tables)
12 Months Ended
Sep. 28, 2025
Segment Reporting [Abstract]  
Consolidated Revenue Mix by Product Type
Consolidated revenue mix by product type (in millions):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
Beverage(1)
$22,539.9 61 %$21,883.9 60 %$21,684.8 60 %
Food(2)
7,049.9 19 %6,749.2 19 %6,585.1 18 %
Other(3)
7,594.6 20 %7,543.1 21 %7,705.7 22 %
Total$37,184.4 100 %$36,176.2 100 %$35,975.6 100 %
(1)     “Beverage” represents sales within our company-operated stores.
(2)     “Food” represents sales within our company-operated stores.
(3)     “Other” primarily consists of packaged and single-serve coffees and teas, royalty and licensing revenues, beverage-related ingredients, and serveware, among other items.
Information by geographic area
Information by geographic area (in millions):
Fiscal Year EndedSep 28, 2025Sep 29, 2024Oct 1, 2023
Net revenues(1):
United States$27,124.7 $26,707.4 $26,398.3 
China3,160.8 3,008.2 3,081.5 
Other countries6,898.9 6,460.6 6,495.8 
Total$37,184.4 $36,176.2 $35,975.6 
Sep 28, 2025Sep 29, 2024
Long-lived assets:
United States$15,952.7 $15,878.4 
China4,276.8 4,514.2 
Other countries4,407.9 4,099.3 
Total$24,637.4 $24,491.9 
(1)Includes Channel Development segment and other net revenues.
Financial Information for Reportable Operating Segments and All Other Segments
The financial information below is presented for our reportable operating segments and Corporate and Other for the fiscal years ended September 28, 2025, September 29, 2024, and October 1, 2023.
(in millions)
North AmericaInternational
Channel
Development
Corporate and Other

Total
Fiscal 2025
Total net revenues$27,373.1 $7,819.9 $1,871.7 $119.7 $37,184.4 
Product and distribution costs7,628.7 2,749.8 1,168.3 111.4 11,658.2 
Store operating expenses
13,973.3 3,085.6 — — 17,058.9 
Other operating expenses281.6 242.0 60.2 0.8 584.6 
Depreciation and amortization expenses1,196.3 363.9 — 124.5 1,684.7 
General and administrative expenses483.3 344.3 5.8 1,783.8 2,617.2 
Restructuring and impairments653.2 82.5 1.9 154.4 892.0 
Total operating expenses
24,216.4 6,868.1 1,236.2 2,174.9 34,495.6 
Income from equity method investees— (1.8)249.6 — 247.8 
Operating income/(loss)$3,156.7 $950.0 $885.1 $(2,055.2)$2,936.6 
Interest income and other, net113.3 
Interest expense(542.6)
Earnings before income taxes$2,507.3 
(in millions)
North AmericaInternational
Channel
Development
Corporate and Other

Total
Fiscal 2024
Total net revenues$27,009.5 $7,338.9 $1,769.8 $58.0 $36,176.2 
Product and distribution costs7,478.0 2,575.2 1,075.4 52.0 11,180.6 
Store operating expenses12,467.1 2,819.4 — — 15,286.5 
Other operating expenses280.9 225.1 58.4 1.2 565.6 
Depreciation and amortization expenses1,052.4 338.3 — 121.9 1,512.6 
General and administrative expenses375.8 338.8 7.7 1,801.0 2,523.3 
Total operating expenses
21,654.2 6,296.8 1,141.5 1,976.1 31,068.6 
Income from equity method investees— 3.6 297.6 — 301.2 
Operating income/(loss)$5,355.3 $1,045.7 $925.9 $(1,918.1)$5,408.8 
Interest income and other, net122.8 
Interest expense(562.0)
Earnings before income taxes$4,969.6 
(in millions)
North AmericaInternational
Channel
Development
Corporate and Other

Total
Fiscal 2023
Total net revenues$26,569.6 $7,487.6 $1,893.8 $24.6 $35,975.6 
Product and distribution costs7,530.4 2,608.4 1,250.1 20.2 11,409.1 
Store operating expenses11,959.2 2,761.1 — — 14,720.3 
Other operating expenses263.8 219.0 54.6 2.0 539.4 
Depreciation and amortization expenses910.1 335.1 0.1 117.3 1,362.6 
General and administrative expenses389.7 335.8 8.4 1,707.4 2,441.3 
Restructuring and impairments20.7 — — 1.1 21.8 
Total operating expenses
21,073.9 6,259.4 1,313.2 1,848.0 30,494.5 
Income from equity method investees— 2.7 295.7 — 298.4 
Other segment items(1)
— — 91.3 — 91.3 
Operating income/(loss)$5,495.7 $1,230.9 $967.6 $(1,823.4)$5,870.8 
Interest income and other, net81.2 
Interest expense(550.1)
Earnings before income taxes$5,401.9 
v3.25.3
Property, Plant and Equipment (Tables)
12 Months Ended
Sep. 28, 2025
Property, Plant and Equipment
Property, Plant and Equipment, net
Sep 28, 2025Sep 29, 2024
Land$54.9 $56.9 
Buildings673.7 684.8 
Leasehold improvements11,762.4 11,453.9 
Store equipment3,963.6 3,803.6 
Roasting equipment982.2 865.7 
Capitalized software
1,177.7 1,049.7 
Furniture, fixtures and other893.9 775.5 
Work in progress334.3 750.9 
Property, plant and equipment, gross19,842.7 19,441.0 
Accumulated depreciation(11,349.2)(10,775.5)
Property, plant and equipment, net$8,493.5 $8,665.5 
v3.25.3
Restructuring and Related Activities (Tables)
12 Months Ended
Sep. 28, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The table below presents the restructuring and impairment charges by reportable operating segment and Corporate and Other (in millions):

Fiscal Year Ended September 28, 2025
North AmericaInternational
Channel
Development
Corporate and Other

Total
Disposal and impairment of store assets$313.7 $39.1 $— $— $352.8 
Employee severance, separation costs, and other
103.8 39.8 1.9 154.4 299.9 
Amortization of ROU lease assets and other lease exit costs
235.7 3.6 — — 239.3 
Total Restructuring and impairment costs
$653.2 $82.5$1.9$154.4$892.0
Schedule of Restructuring Reserve by Type of Cost
The table below presents the balance of liabilities related to the restructuring plan by major type of cost (in millions):

Fiscal Year Ended September 28, 2025
Employee severance, separation costs, and other
Lease exit and other related costs(1)

Total
Beginning balance
$— $— $— 
Restructuring costs incurred
299.9 239.3 539.2 
Cash payments
(141.0)(0.4)(141.4)
Ending balance
$158.9 $238.9 $397.8 
(1) The total operating lease liability balance for restructuring store closures was $272.8 million as of September 28, 2025.
v3.25.3
Acquisitions and Divestitures (Narrative) (Details)
$ in Millions
12 Months Ended
Sep. 28, 2025
USD ($)
Sep. 29, 2024
USD ($)
Oct. 01, 2023
USD ($)
Oct. 14, 2024
store
Business Combination [Line Items]        
Proceeds from Sale of Productive Assets $ 0.0 $ 0.0 $ 110.0  
Gain (Loss) on Disposition of Assets $ 0.0 $ 0.0 $ 91.3  
Number of Stores | store       113
v3.25.3
Acquisitions and Divestitures (Allocation of Total Consideration to Fair Value of Assets Acquired and Liabilities Assumed) (Details)
Oct. 14, 2024
store
Number of Stores 113
v3.25.3
Summary of Significant Accounting Policies (Narrative) (Details)
12 Months Ended
Aug. 26, 2018
USD ($)
Sep. 28, 2025
USD ($)
Reportable_segment
Sep. 29, 2024
USD ($)
Oct. 01, 2023
USD ($)
Sep. 27, 2026
USD ($)
Summary of Significant Accounting Policies [Abstract]          
Number of Reportable Segments | Reportable_segment   3      
Retained Earnings (Accumulated Deficit)   $ (8,272,500,000) $ (7,343,800,000)    
Goodwill impairments   0 0 $ 0  
Accounts Receivable, after Allowance for Credit Loss [Abstract]          
Accounts Receivable, Allowance for Credit Loss, Current   24,000,000.0 21,200,000    
Inventory Disclosure [Abstract]          
Inventory Valuation Reserves   56,600,000 58,000,000.0    
Asset Retirement Obligation [Abstract]          
Capitalized Costs, Asset Retirement Costs   25,500,000 25,100,000    
Asset Retirement Obligations, Noncurrent   126,300,000 119,200,000    
Marketing and Advertising Expense [Abstract]          
Advertising Expense   869,500,000 597,300,000 507,800,000  
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]          
Deferred Revenue $ 7,000,000,000        
Prepaid Royalty Economic Life 40 years        
Deferred Revenue, Current   1,840,600,000 1,781,200,000    
Deferred Revenue, Revenue Recognized   176,500,000 176,500,000 176,500,000  
Restructuring and Related Cost, Expected Cost   1,000,000,000.0     $ 230,000,000
Operating Lease, Liability, Current   1,564,500,000 1,463,100,000    
Accrued payroll and benefits   1,093,900,000 786,600,000    
Margin Deposit Assets   37,900,000 12,400,000    
Property, Plant and Equipment [Line Items]          
Net disposition and impairment charges   595,300,000 94,000,000.0 91,100,000  
Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Cash, Offset Against Derivative Asset   187,000,000.0 230,900,000    
Disposal and impairment of store assets   352,800,000      
Amortization of ROU lease assets and other lease exit costs   239,300,000      
Store Operating Expense [Member]          
Property, Plant and Equipment [Line Items]          
Asset Impairment Charges   102,200,000 23,300,000 23,200,000  
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage [Member]          
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]          
Deferred Revenue, Current   $ 1,600,000,000 1,600,000,000    
Leasehold Improvements [Member]          
Leases [Abstract]          
Property, Plant and Equipment, Useful Life   10 years      
Property, Plant and Equipment [Line Items]          
Property, Plant and Equipment, Useful Life   10 years      
Minimum [Member] | Building [Member]          
Leases [Abstract]          
Property, Plant and Equipment, Useful Life   30 years      
Property, Plant and Equipment [Line Items]          
Property, Plant and Equipment, Useful Life   30 years      
Minimum [Member] | Equipment [Member]          
Leases [Abstract]          
Property, Plant and Equipment, Useful Life   2 years      
Property, Plant and Equipment [Line Items]          
Property, Plant and Equipment, Useful Life   2 years      
Minimum [Member] | Capitalized Asset          
Leases [Abstract]          
Property, Plant and Equipment, Useful Life   2 years      
Property, Plant and Equipment [Line Items]          
Property, Plant and Equipment, Useful Life   2 years      
Maximum [Member] | Building [Member]          
Leases [Abstract]          
Property, Plant and Equipment, Useful Life   40 years      
Property, Plant and Equipment [Line Items]          
Property, Plant and Equipment, Useful Life   40 years      
Maximum [Member] | Equipment [Member]          
Leases [Abstract]          
Property, Plant and Equipment, Useful Life   15 years      
Property, Plant and Equipment [Line Items]          
Property, Plant and Equipment, Useful Life   15 years      
Maximum [Member] | Capitalized Asset          
Leases [Abstract]          
Property, Plant and Equipment, Useful Life   8 years      
Property, Plant and Equipment [Line Items]          
Property, Plant and Equipment, Useful Life   8 years      
Company-operated stores [Member] | Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage [Member]          
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]          
Contract with Customer, Liability, Revenue Recognized   $ 200,400,000 187,600,000 196,100,000  
Licensed stores [Member] | Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage [Member]          
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]          
Contract with Customer, Liability, Revenue Recognized   22,000,000.0 20,000,000.0 $ 18,900,000  
Nestle Global Coffee Alliance [Member]          
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]          
Deferred Revenue, Current   $ 177,000,000.0 $ 177,000,000    
v3.25.3
Derivative Financial Instruments (Gains and Losses on Derivative Contracts Designated as Hedging Instruments Included in AOCI and Expected to be Reclassified into Earnings Within 12 months, Net of Tax) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Cash Flow Hedging [Member] | Interest Rate Contract [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ (3.6)    
Contract Remaining Maturity (Months) 0 months    
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax $ (1.4) $ (3.6) $ (6.6)
Cash Flow Hedging [Member] | Cross-Currency Swap [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.0    
Contract Remaining Maturity (Months) 0 months    
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax $ 0.0 0.5 (0.6)
Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 13.8    
Contract Remaining Maturity (Months) 34 months    
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax $ 19.0 11.5 39.6
Cash Flow Hedging [Member] | Coffee Contracts [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 20.0    
Contract Remaining Maturity (Months) 6 months    
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax $ 23.3 60.1 (78.1)
Cash Flow Hedging [Member] | Dairy Contracts [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.0    
Contract Remaining Maturity (Months) 0 months    
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax $ 0.0 2.0 (1.8)
Net Investment Hedges [Member] | Cross-Currency Swap [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Net Gains/(Losses) Included in AOCI 206.2 96.5 87.1
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.0    
Contract Remaining Maturity (Months) 102 months    
Net Investment Hedges [Member] | Foreign Currency Contract - Other [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Net Gains/(Losses) Included in AOCI $ 16.0 16.0 16.0
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.0    
Contract Remaining Maturity (Months) 0 months    
Net Investment Hedges [Member] | ForeignExchangeYenDebt [Member]      
Derivative Instruments and Hedging Activities Disclosures [Line Items]      
Net Gains/(Losses) Included in AOCI $ 135.2 $ 135.2 $ 140.2
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.0    
Contract Remaining Maturity (Months) 0 months    
v3.25.3
Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Cash Flow Hedging [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Net Gains/(Losses) Included in AOCI $ 80.1 $ 106.0 $ (149.4)
Net Investment Hedges [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax 255.9 55.7 73.2
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Net Gains/(Losses) Included in AOCI (1.3) 0.0 0.3
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Net Gains/(Losses) Included in AOCI 0.9 2.7 4.9
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Net Gains/(Losses) Included in AOCI 41.4 1.2 9.4
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Coffee Contracts [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Net Gains/(Losses) Included in AOCI 40.4 100.8 (152.9)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 86.5 (61.2) 110.5
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Dairy Contracts [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Net Gains/(Losses) Included in AOCI (1.3) 1.3 (11.1)
Designated as Hedging Instrument [Member] | Net Investment Hedges [Member] | Cross-Currency Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax [1] 255.9 62.0 54.1
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax [1] 109.0 49.6 27.4
Designated as Hedging Instrument [Member] | Net Investment Hedges [Member] | ForeignExchangeYenDebt [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax 0.0 (6.3) 19.1
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 0.0 0.0 0.0
Interest and Other Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 1.4 0.1 0.3
Interest and Other Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 0.0 0.0 0.2
Product and Distribution Costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 9.1 10.0 6.7
Product and Distribution Costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Dairy Contracts [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 1.4 (3.8) (12.3)
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax (4.1) (4.0) 1.4
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax 0.0 1.4 3.1
Franchised Units Revenue [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax $ 22.5 $ 28.2 $ 23.6
[1] Gains and losses recognized in earnings relate to components excluded from the assessment of effectiveness.
v3.25.3
Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Foreign Currency Contract - Other [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net $ 2.4 $ 0.1 $ (3.6)
Coffee Contracts [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net 0.0 0.0 (5.4)
Dairy Contracts [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net 0.1 (0.1) (0.1)
Diesel and Other Contracts [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net 0.1 (1.9) (2.0)
Interest Rate Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative, Gain (Loss) on Derivative, Net (7.1) 9.9 (18.7)
Long-term Debt [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivative, Gain (Loss) on Derivative, Net $ (2.0) $ (22.3) $ (12.3)
v3.25.3
Derivative Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Interest Rate Contract [Member]    
Derivative [Line Items]    
Derivative, Notional Amount $ 350 $ 350
Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 4,197 4,213
Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 930 920
Coffee Contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 387 154
Dairy Contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 0 65
Diesel and Other Contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount $ 2 $ 3
v3.25.3
Derivative Financial Instruments (Fair Value of Outstanding Derivative Contracts) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Derivative [Line Items]    
Derivative Liability, Fair Value, Gross Liability $ 28.0 $ 85.9
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative Asset, Fair Value, Gross Asset 0.0 3.9
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Dairy Contracts [Member]    
Derivative [Line Items]    
Derivative Asset, Fair Value, Gross Asset 0.0 0.8
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Asset, Fair Value, Gross Asset 13.0 1.9
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Dairy Contracts [Member]    
Derivative [Line Items]    
Derivative Asset, Fair Value, Gross Asset 0.0 0.3
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]    
Derivative [Line Items]    
Derivative Asset, Fair Value, Gross Asset 0.1 0.0
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Asset, Fair Value, Gross Asset 2.7 1.8
Other long-term assets [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative Asset, Fair Value, Gross Asset 271.9 177.4
Other long-term assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Asset, Fair Value, Gross Asset 6.7 1.7
Other long-term liabilities [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative Liability, Fair Value, Gross Liability 3.5 33.3
Other long-term liabilities [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]    
Derivative [Line Items]    
Derivative Liability, Fair Value, Gross Liability 17.0 19.2
Other long-term liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Liability, Fair Value, Gross Liability 0.2 4.1
Other long-term liabilities [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Liability, Fair Value, Gross Liability 0.2 0.1
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative Liability, Fair Value, Gross Liability 5.8 21.7
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Liability, Fair Value, Gross Liability 0.2 4.7
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]    
Derivative [Line Items]    
Derivative Liability, Fair Value, Gross Liability 0.0 0.3
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Liability, Fair Value, Gross Liability $ 1.1 $ 2.5
v3.25.3
Derivative Financial Instruments (Schedule of Fair Value Hedging Instruments, Statements of Financial Position, Location) (Details) - Long-term Debt [Member] - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Derivative [Line Items]    
Hedged Liability, Statement of Financial Position $ 334.1 $ 332.2
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) $ (15.9) $ (17.8)
v3.25.3
Fair Value Measurements (Narrative) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Debt Securities, Available-for-sale [Abstract]      
Proceeds from sale of available-for-sale securities $ 1.1 $ 1.3 $ 2.5
Trading Securities [Abstract]      
Management Deferred Compensation Plan liability $ 115.6 $ 112.3  
Maximum [Member]      
Debt Securities, Available-for-sale [Abstract]      
Long-term investments, contractual maturity period 5 years    
v3.25.3
Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Assets [Abstract]    
Total short-term investments $ 247.2 $ 257.0
Derivative assets, Current 15.9 8.7
Derivative assets, Noncurrent 278.6 179.1
Total assets 4,008.4 4,007.0
Liabilities [Abstract]    
Derivative liabilities, Current 7.1 29.2
Derivative liabilities, Noncurrent 20.9 56.7
Total liabilities 28.0 85.9
Cash and cash equivalents [Member]    
Assets [Abstract]    
Cash and cash equivalents 3,219.8 3,286.2
Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 151.9 90.7
Equity Securities, FV-NI 95.3 82.2
Structured deposits   84.1
Total short-term investments 247.2 257.0
Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 246.9 275.8
Other Long-Term Investments 246.9 276.0
Structured deposits   0.2
Corporate debt securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 67.8 51.8
Corporate debt securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 132.2 112.8
U.S. Government Treasury Securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 82.6 36.9
U.S. Government Treasury Securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 36.3 94.9
State and local government obligations [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 1.1 1.4
State and local government obligations [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 2.7 3.7
Mortgage and other asset-backed securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.4 0.4
Mortgage and other asset-backed securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 75.7 64.4
Corporate Bond Securities | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale   0.2
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member]    
Assets [Abstract]    
Derivative assets, Current 0.0 0.0
Derivative assets, Noncurrent 0.0 0.0
Total assets 3,434.0 3,500.2
Liabilities [Abstract]    
Derivative liabilities, Current 0.0 0.0
Derivative liabilities, Noncurrent 0.0 0.0
Total liabilities 0.0 0.0
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Cash and cash equivalents [Member]    
Assets [Abstract]    
Cash and cash equivalents 3,219.8 3,286.2
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 82.6 36.9
Equity Securities, FV-NI 95.3 82.2
Structured deposits   0.0
Total short-term investments 177.9 119.1
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 36.3 94.9
Other Long-Term Investments 36.3 94.9
Structured deposits   0.0
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Corporate debt securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Corporate debt securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | U.S. Government Treasury Securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 82.6 36.9
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | U.S. Government Treasury Securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 36.3 94.9
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | State and local government obligations [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | State and local government obligations [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Mortgage and other asset-backed securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Mortgage and other asset-backed securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Quoted Prices In Active Markets for Identical Assets (Level 1) [Member] | Corporate Bond Securities | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale   0.0
Significant Other Observable Inputs (Level 2) [Member]    
Assets [Abstract]    
Derivative assets, Current 15.9 8.7
Derivative assets, Noncurrent 278.6 179.1
Total assets 535.8 495.8
Liabilities [Abstract]    
Derivative liabilities, Current 7.1 29.2
Derivative liabilities, Noncurrent 20.9 56.7
Total liabilities 28.0 85.9
Significant Other Observable Inputs (Level 2) [Member] | Cash and cash equivalents [Member]    
Assets [Abstract]    
Cash and cash equivalents 0.0 0.0
Significant Other Observable Inputs (Level 2) [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 57.4 53.8
Equity Securities, FV-NI 0.0 0.0
Structured deposits   84.1
Total short-term investments 57.4 137.9
Significant Other Observable Inputs (Level 2) [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 183.9 169.9
Other Long-Term Investments 183.9 170.1
Structured deposits   0.2
Significant Other Observable Inputs (Level 2) [Member] | Corporate debt securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 55.9 51.8
Significant Other Observable Inputs (Level 2) [Member] | Corporate debt securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 105.5 101.8
Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Treasury Securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Treasury Securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Significant Other Observable Inputs (Level 2) [Member] | State and local government obligations [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 1.1 1.4
Significant Other Observable Inputs (Level 2) [Member] | State and local government obligations [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 2.7 3.7
Significant Other Observable Inputs (Level 2) [Member] | Mortgage and other asset-backed securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.4 0.4
Significant Other Observable Inputs (Level 2) [Member] | Mortgage and other asset-backed securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 75.7 64.4
Significant Other Observable Inputs (Level 2) [Member] | Corporate Bond Securities | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale   0.2
Significant Unobservable Inputs (Level 3) [Member]    
Assets [Abstract]    
Derivative assets, Current 0.0 0.0
Derivative assets, Noncurrent 0.0 0.0
Total assets 38.6 11.0
Liabilities [Abstract]    
Derivative liabilities, Current 0.0 0.0
Derivative liabilities, Noncurrent 0.0 0.0
Total liabilities 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | Cash and cash equivalents [Member]    
Assets [Abstract]    
Cash and cash equivalents 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 11.9 0.0
Equity Securities, FV-NI 0.0 0.0
Structured deposits   0.0
Total short-term investments 11.9 0.0
Significant Unobservable Inputs (Level 3) [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 26.7 11.0
Other Long-Term Investments 26.7 11.0
Structured deposits   0.0
Significant Unobservable Inputs (Level 3) [Member] | Corporate debt securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 11.9 0.0
Significant Unobservable Inputs (Level 3) [Member] | Corporate debt securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 26.7 11.0
Significant Unobservable Inputs (Level 3) [Member] | U.S. Government Treasury Securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | U.S. Government Treasury Securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | State and local government obligations [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | State and local government obligations [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | Mortgage and other asset-backed securities [Member] | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | Mortgage and other asset-backed securities [Member] | Long-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale $ 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | Corporate Bond Securities | Short-term investments [Member]    
Assets [Abstract]    
Debt Securities, Available-for-sale   $ 0.0
v3.25.3
Inventories (Narrative) (Details)
$ in Millions
12 Months Ended
Sep. 28, 2025
USD ($)
Fixed-price Contract [Member]  
Inventory [Line Items]  
Amount of coffee committed to be purchased $ 129.0
Price-to-be-fixed Contract [Member]  
Inventory [Line Items]  
Amount of coffee committed to be purchased $ 1,100.0
v3.25.3
Inventories (Components of Inventories) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Inventory Disclosure [Abstract]    
Unroasted coffee $ 911.2 $ 665.1
Roasted Coffee Inventory 342.0 251.9
Other merchandise held for sale [1] 399.7 384.6
Packaging and Other Supplies 532.7 475.7
Total $ 2,185.6 $ 1,777.3
[1] “Other merchandise held for sale” includes, among other items, serveware, food, and tea. Inventory levels vary due to seasonality, commodity market supply, and price fluctuations.
v3.25.3
Equity Method and Other Investments (Equity Method Investments) (Narrative) (Details) - USD ($)
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Schedule of Equity Method Investments [Line Items]      
Related product and distribution costs $ 57,700,000 $ 58,600,000 $ 85,600,000
Revenue From Related Parties 58,100,000 62,600,000 $ 85,700,000
Increase (Decrease) in Due from Affiliates, Current 17,300,000 12,200,000  
Equity Method Investments $ 418,900,000 424,100,000  
North American Coffee Partnership [Member]      
Schedule of Equity Method Investments [Line Items]      
Equity Method Investment, Ownership Percentage 50.00%    
Equity Method Investments - Carrying Value $ 74,000,000 112,300,000  
Equity Method Investments - Carrying Value $ 74,000,000 112,300,000  
Tata Starbucks Limited (India) [Member]      
Schedule of Equity Method Investments [Line Items]      
Equity Method Investment, Ownership Percentage 50.00%    
Equity Method Investments - Carrying Value $ 39,300,000 41,100,000  
Equity Method Investments - Carrying Value 39,300,000 41,100,000  
Valor Siren Ventures I, II L.P.      
Schedule of Equity Method Investments [Line Items]      
Equity Method Investments - Carrying Value 242,400,000 211,900,000  
Equity Method Investments - Carrying Value $ 242,400,000 $ 211,900,000  
v3.25.3
Equity Method and Other Investments (Equity Method and Other Investments) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Equity Method Investments and Joint Ventures [Abstract]    
Equity Method Investments $ 418.9 $ 424.1
Other Investments 47.3 39.8
Total $ 466.2 $ 463.9
v3.25.3
Supplemental Balance Sheet Information (Property, Plant and Equipment, net) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 19,842.7 $ 19,441.0
Accumulated depreciation (11,349.2) (10,775.5)
Property, plant and equipment, net 8,493.5 8,665.5
Land [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 54.9 56.9
Building [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 673.7 684.8
Leasehold improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 11,762.4 11,453.9
Store equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 3,963.6 3,803.6
Roasting equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 982.2 865.7
Software and Software Development Costs    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 1,177.7 1,049.7
Furniture, fixtures and other [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 893.9 775.5
Work in progress [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 334.3 $ 750.9
v3.25.3
Supplemental Balance Sheet Information (Accrued Liabilities) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Balance Sheet Related Disclosures [Abstract]    
Accrued occupancy costs $ 89.5 $ 81.7
Accrued dividends payable 704.8 691.2
Accrued capital and other operating expenditures 897.0 842.8
Insurance reserves 282.3 244.3
Accrued Income Taxes, Current 150.3 123.5
Accrued business taxes 235.8 211.2
Total accrued liabilities $ 2,359.7 $ 2,194.7
v3.25.3
Supplemental Statement of Earnings Information (Store Operating Expenses) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Store Operating Expense [Line Items]      
Labor and Related Expense $ 9,862.4 $ 8,828.6 $ 8,733.4
Store Occupancy Cost 3,318.6 3,050.6 2,871.0
Other Store Operating Expenses 3,877.9 3,407.3 3,115.9
Store operating expenses $ 17,058.9 $ 15,286.5 $ 14,720.3
v3.25.3
Other Intangible Assets and Goodwill (Narrative) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Finite-Lived Intangible Assets [Line Items]      
Amortization of Intangible Assets $ 17.6 $ 20.4 $ 21.5
v3.25.3
Other Intangible Assets and Goodwill (Indefinite-Lived Intangible Assets) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Trade Names, trademarks and patents [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Indefinite-lived intangible assets $ 79.5 $ 79.5
v3.25.3
Other Intangible Assets and Goodwill (Finite-Lived Intangible Assets) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount $ 1,246.2 $ 1,187.8
Accumulated amortization (1,158.9) (1,166.4)
Net Carrying Amount 87.3 21.4
Acquired and reacquired rights [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 1,053.9 995.5
Accumulated amortization (974.9) (995.5)
Net Carrying Amount 79.0 0.0
Acquired trade secrets and processes [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 27.6 27.6
Accumulated amortization (27.6) (27.6)
Net Carrying Amount 0.0 0.0
Trade Names, trademarks and patents [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 131.2 130.4
Accumulated amortization (122.9) (110.0)
Net Carrying Amount 8.3 20.4
Licensing agreements [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 13.0 13.4
Accumulated amortization (13.0) (12.4)
Net Carrying Amount 0.0 1.0
Other finite-lived intangible assets [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 20.5 20.9
Accumulated amortization (20.5) (20.9)
Net Carrying Amount $ 0.0 $ 0.0
v3.25.3
Other Intangible Assets and Goodwill (Estimated Future Amortization Expense) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]    
2026 $ 6.1  
2027 5.9  
2028 5.3  
2029 4.9  
2030 4.7  
Thereafter 60.4  
Net Carrying Amount $ 87.3 $ 21.4
v3.25.3
Other Intangible Assets and Goodwill (Changes In Carrying Amount Of Goodwill By Reportable Operating Segment) (Details) - USD ($)
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Goodwill [Line Items]      
Goodwill, beginning balance $ 3,315,700,000 $ 3,218,300,000  
Acquisition/(divestiture) 105,700,000    
Impairment 0 0 $ 0
Other (52,500,000) 97,400,000  
Goodwill, ending balance 3,368,900,000 3,315,700,000 3,218,300,000
North America Segment [Member]      
Goodwill [Line Items]      
Goodwill, beginning balance 491,500,000 491,500,000  
Acquisition/(divestiture)    
Other (900,000) 0  
Goodwill, ending balance 490,600,000 491,500,000 491,500,000
International [Member]      
Goodwill [Line Items]      
Goodwill, beginning balance 2,788,500,000 2,691,100,000  
Acquisition/(divestiture) 105,700,000    
Other (51,600,000) 97,400,000  
Goodwill, ending balance 2,842,600,000 2,788,500,000 2,691,100,000
Channel Development [Member]      
Goodwill [Line Items]      
Goodwill, beginning balance 34,700,000 34,700,000  
Acquisition/(divestiture)    
Other 0 0  
Goodwill, ending balance 34,700,000 34,700,000 34,700,000
Corporate and Other [Member]      
Goodwill [Line Items]      
Goodwill, beginning balance 1,000,000.0 1,000,000.0  
Acquisition/(divestiture)    
Other 0 0  
Goodwill, ending balance $ 1,000,000.0 $ 1,000,000.0 $ 1,000,000.0
v3.25.3
Debt (Narrative) (Details)
¥ in Millions, $ in Millions
12 Months Ended
Sep. 16, 2026
Sep. 28, 2025
USD ($)
Sep. 28, 2025
JPY (¥)
Sep. 29, 2024
USD ($)
Revolving Credit Facility [Member]        
Line of credit covenant compliance   As of September 28, 2025, we were in compliance with all applicable covenants.    
Revolving Credit Facility [Member] | twothousandtwentyonecreditfacility        
Line of Credit Facility, Maximum Borrowing Capacity   $ 3,000.0    
Revolving Credit Facility [Member] | twothousandtwentyfivecreditfacility        
Amount of credit facility available for issuances of letters of credit   150.0    
Line of Credit Facility, Maximum Borrowing Capacity   3,000.0    
Maximum increase in commitment amount allowable under the credit facility   $ 1,000.0    
Line of Credit Facility, Expiration Date Jun. 13, 2030      
Revolving Credit Facility [Member] | twothousandtwentyfivecreditfacility | Base Rate [Member]        
Debt Instrument, Basis Spread on Variable Rate   1.00%    
Revolving Credit Facility [Member] | twothousandtwentyfivecreditfacility | Term SOFR        
Debt Instrument, Basis Spread on Variable Rate   1.00%    
Revolving Credit Facility [Member] | twothousandtwentyfivecreditfacility | Federal Funds Rate [Member]        
Debt Instrument, Basis Spread on Variable Rate   0.50%    
Revolving Credit Facility [Member]        
Line of Credit Facility, Fair Value of Amount Outstanding   $ 0.0    
Revolving Credit Facility [Member] | 5 billion Yen Credit Facility [Member]        
Line of Credit Facility, Maximum Borrowing Capacity   $ 33.4    
Revolving Credit Facility [Member] | 5 billion Yen Credit Facility [Member] | Japan, Yen        
Line of Credit Facility, Maximum Borrowing Capacity | ¥     ¥ 5,000.0  
Revolving Credit Facility [Member] | 5 billion Yen Credit Facility [Member] | Tokyo Interbank Offered Rate TIBOR [Member] | Maximum [Member]        
Debt Instrument, Basis Spread on Variable Rate   0.40%    
Revolving Credit Facility [Member] | 10 billion Yen Credit Facility [Member]        
Line of Credit Facility, Maximum Borrowing Capacity   $ 66.8    
Revolving Credit Facility [Member] | 10 billion Yen Credit Facility [Member] | Japan, Yen        
Line of Credit Facility, Maximum Borrowing Capacity | ¥     ¥ 10,000.0  
Revolving Credit Facility [Member] | 10 billion Yen Credit Facility [Member] | Tokyo Interbank Offered Rate TIBOR [Member]        
Debt Instrument, Basis Spread on Variable Rate   0.30%    
Revolving Credit Facility [Member] | 5 billion and 10 billion Yen Credit Facility [Member]        
Short-term Debt   $ 0.0   $ 0.0
Commercial Paper [Member]        
Short-term Debt   0.0    
Debt Instrument, Borrowing Capacity, Amount   3,000.0    
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases   $ 3,000.0    
Commercial Paper [Member] | Maximum [Member]        
Debt Instrument, Term   397 days    
v3.25.3
Debt (Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Debt Instrument [Line Items]    
Total $ 16,200.0 $ 15,700.0
Total, Estimated Fair Value 14,968.2 14,646.7
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net (109.3) (113.8)
Hedging Liabilities, Noncurrent [1] (15.9) (17.8)
Total, Carrying Value, net of aggregate unamortized discount 16,074.8 15,568.4
Three Point Eight Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 0.0 1,250.0
Stated Interest Rate 3.80%  
Debt Instrument, Interest Rate, Effective Percentage [2] 3.721%  
Three Point Eight Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 0.0 1,243.4
2023 3-Year Four Point Seven Five Percentage Senior Notes    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 4.75%  
Debt Instrument, Interest Rate, Effective Percentage [2] 4.788%  
2023 3-Year Four Point Seven Five Percentage Senior Notes | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,001.7 1,008.3
Two Point Four Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.45%  
Debt Instrument, Interest Rate, Effective Percentage [2] 2.511%  
Two Point Four Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 494.0 486.8
2024 3-Year Four Point Eight Five Percentage Senior Note    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 4.85%  
Debt Instrument, Interest Rate, Effective Percentage [2] 4.958%  
2024 3-Year Four Point Eight Five Percentage Senior Note | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,009.8 1,017.8
Two Point Zero Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.00%  
Debt Instrument, Interest Rate, Effective Percentage [2] 2.058%  
Two Point Zero Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 484.7 477.1
Three Point Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 600.0 600.0
Stated Interest Rate 3.50%  
Debt Instrument, Interest Rate, Effective Percentage [2] 3.529%  
Three Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 591.9 590.3
Four Point Zero Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750.0 750.0
Stated Interest Rate 4.00%  
Debt Instrument, Interest Rate, Effective Percentage [2] 3.958%  
Four Point Zero Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 747.9 748.4
Three Point Five Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Portion of Debt Instrument designated in fair value hedge 350.0  
Debt Instrument, Face Amount [1] $ 1,000.0 1,000.0
Stated Interest Rate [1] 3.55%  
Debt Instrument, Interest Rate, Effective Percentage [1],[2] 3.84%  
Three Point Five Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure [1] $ 978.5 977.3
Two Point Two Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750.0 750.0
Stated Interest Rate 2.25%  
Debt Instrument, Interest Rate, Effective Percentage [2] 3.084%  
Two Point Two Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 687.8 679.0
Two Point Five Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,250.0 1,250.0
Stated Interest Rate 2.55%  
Debt Instrument, Interest Rate, Effective Percentage [2] 2.582%  
Two Point Five Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,145.9 1,135.4
2024 7-Year Four Point Nine Percentage Senior Note    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 4.90%  
Debt Instrument, Interest Rate, Effective Percentage [2] 5.046%  
2024 7-Year Four Point Nine Percentage Senior Note | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 514.2 520.8
Three Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 3.00%  
Debt Instrument, Interest Rate, Effective Percentage [2] 3.155%  
Three Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 918.1 912.0
2023 10-Year Four Point Eight Percentage Senior Notes    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 4.80%  
Debt Instrument, Interest Rate, Effective Percentage [2] 3.798%  
2023 10-Year Four Point Eight Percentage Senior Notes | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 505.7 513.1
2024 10-Year Five Percentage Senior Note    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 5.00%  
Debt Instrument, Interest Rate, Effective Percentage [2] 5.127%  
2024 10-Year Five Percentage Senior Note | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 509.9 515.0
Four Point Three Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 350.0 350.0
Stated Interest Rate 4.30%  
Debt Instrument, Interest Rate, Effective Percentage [2] 4.348%  
Four Point Three Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 292.1 308.5
Three Point Seven Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 3.75%  
Debt Instrument, Interest Rate, Effective Percentage [2] 3.765%  
Three Point Seven Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 378.0 398.8
Four Point Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 4.50%  
Debt Instrument, Interest Rate, Effective Percentage [2] 4.504%  
Four Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 849.6 903.4
Four Point Four Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 4.45%  
Debt Instrument, Interest Rate, Effective Percentage [2] 4.447%  
Four Point Four Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 839.5 889.0
Three Point Three Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 3.35%  
Debt Instrument, Interest Rate, Effective Percentage [2] 3.362%  
Three Point Three Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 346.0 367.9
Three Point Five Percentage Senior Notes due Nov 2050 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,250.0 1,250.0
Stated Interest Rate 3.50%  
Debt Instrument, Interest Rate, Effective Percentage [2] 3.528%  
Three Point Five Percentage Senior Notes due Nov 2050 [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 889.0 954.4
2025 3-Year Four Point Five Percentage Senior Notes    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750.0 0.0
Stated Interest Rate 4.50%  
Debt Instrument, Interest Rate, Effective Percentage [2] 4.719%  
2025 3-Year Four Point Five Percentage Senior Notes | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 757.1 0.0
2025 5-Year Four Point Eight Percentage Senior Notes    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 0.0
Stated Interest Rate 4.80%  
Debt Instrument, Interest Rate, Effective Percentage [2] 4.932%  
2025 5-Year Four Point Eight Percentage Senior Notes | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 510.2 0.0
2025 10-Year Five Point Four Percentage Senior Notes    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 0.0
Stated Interest Rate 5.40%  
Debt Instrument, Interest Rate, Effective Percentage [2] 5.51%  
2025 10-Year Five Point Four Percentage Senior Notes | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 516.6 $ 0.0
[1] Amount includes the change in fair value due to changes in benchmark interest rates related to hedging $350 million of our August 2029 notes. Refer to Note 3, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge.
[2] Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.
v3.25.3
Debt (Summary of long-term debt maturities) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Debt Instrument [Line Items]    
2026 $ 1,500.0  
2027 1,500.0  
2028 1,350.0  
2029 1,750.0  
2030 1,250.0  
Thereafter 8,850.0  
Total $ 16,200.0 $ 15,700.0
v3.25.3
Leases (Narrative) (Details)
$ in Millions
12 Months Ended
Sep. 28, 2025
USD ($)
Lessee, Lease, Description [Line Items]  
Lease Not yet Commenced $ 823.5
Amortization of ROU lease assets and other lease exit costs $ 239.3
Minimum [Member]  
Lessee, Lease, Description [Line Items]  
Lease Not yet Commenced, Term of Contract 5 years
Maximum [Member]  
Lessee, Lease, Description [Line Items]  
Lease Not yet Commenced, Term of Contract 20 years
v3.25.3
Leases- Schedule of Lease Cost (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Lessee, Lease, Description [Line Items]      
Operating Lease, Cost [1] $ 2,097.0 $ 1,723.5 $ 1,601.0
Variable Lease, Cost 1,245.7 1,130.7 1,050.3
Short-term Lease, Cost 21.0 26.8 28.0
Lease, Cost $ 3,363.7 $ 2,881.0 $ 2,679.3
[1] Includes immaterial amounts of sublease income and rent concessions.
v3.25.3
Leases- Schedule of Cash Flow, Supplemental Disclosures (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Lessee, Lease, Description [Line Items]      
Operating Lease, Payments $ 1,901.4 $ 1,672.5 $ 1,657.2
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability [1] $ 1,980.8 $ 2,263.9 $ 1,893.4
Operating Lease, Weighted Average Remaining Lease Term 8 years 7 months 6 days 8 years 7 months 6 days 8 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent 3.70% 3.40% 3.10%
[1] Includes leases obtained in the acquisition of 23.5 Degrees Topco Limited in the first quarter of fiscal 2025.
v3.25.3
Leases- Schedule of Maturity of Operating Lease Payments (Details)
$ in Millions
Sep. 28, 2025
USD ($)
Leases [Abstract]  
2026 $ 1,940.6
2027 1,757.3
2028 1,548.4
2029 1,360.4
2030 1,190.3
Thereafter 4,592.2
Total lease payment 12,389.2
Lessee, Operating Lease, Liability, Undiscounted Excess Amount (1,852.5)
Total $ 10,536.7
v3.25.3
Deferred Revenue (Narrative) (Details) - USD ($)
$ in Millions
12 Months Ended
Aug. 26, 2018
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Deferred Revenue, Noncurrent   $ 5,772.6 $ 5,963.6  
Deferred Revenue $ 7,000.0      
Deferred Revenue, Current   1,840.6 1,781.2  
Prepaid Royalty Economic Life 40 years      
Deferred Revenue, Revenue Recognized   176.5 176.5 $ 176.5
Nestle Global Coffee Alliance [Member]        
Deferred Revenue, Noncurrent   5,600.0 5,800.0  
Deferred Revenue, Current   177.0 177.0  
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage in Prior Year [Domain]        
Deferred Revenue, Current   1,600.0 1,600.0  
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage        
Deferred Revenue   1,751.7 1,718.7 $ 1,567.5
Deferred Revenue, Additions   15,245.8 15,807.1  
Deferred Revenue, Revenue Recognized   (15,199.5) (15,665.1)  
Deferred Revenue, Other   $ (13.3) $ 9.2  
v3.25.3
Equity (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Sep. 28, 2025
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Equity, Class of Treasury Stock [Line Items]        
Authorized shares of preferred stock 7,500,000 7,500,000    
Common stock, par value $ 0.001 $ 0.001 $ 0.001  
Authorized shares of common stock 2,400,000,000 2,400,000,000 2,400,000,000  
Common Stock, Dividends, Per Share, Declared $ 0.62 $ 2.45 $ 2.32 $ 2.16
Shares available for repurchase 29,800,000 29,800,000    
Outstanding shares of preferred stock 0 0    
Open Market [Member]        
Equity, Class of Treasury Stock [Line Items]        
Stock Repurchased During Period, Shares   0 12,800,000 10,000,000.0
Stock Repurchased During Period, Value     $ 1,300.0 $ 1,000.0
v3.25.3
Equity (Changes in Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Oct. 02, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ (8,089.2) $ (7,441.6) $ (7,987.8) $ (8,698.7)
Other comprehensive income/(loss) (30.5) 349.4 (315.0)  
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 0.5 (2.3) (12.3) (15.5)
Net gains/(losses) recognized in OCI before reclassifications, net of tax 1.9 9.1 2.5  
Net (gains)/losses reclassified from AOCI to earnings, net of tax 0.9 0.9 0.7  
Other comprehensive income/(loss) 2.8 10.0 3.2  
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Noncontrolling Interest        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Noncontrolling Interest 0.0 0.0 0.0  
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 40.9 70.5 (47.5) 199.0
Net gains/(losses) recognized in OCI before reclassifications, net of tax 62.2 89.8 (132.2)  
Net (gains)/losses reclassified from AOCI to earnings, net of tax (91.8) 28.2 (114.3)  
Other comprehensive income/(loss) (29.6) 118.0 (246.5)  
Accumulated Gain (Loss), Net, Cash Flow Hedge, Noncontrolling Interest        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Noncontrolling Interest 0.0 0.0 0.0  
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 357.4 247.7 243.3 209.1
Net gains/(losses) recognized in OCI before reclassifications, net of tax 191.3 41.6 54.7  
Net (gains)/losses reclassified from AOCI to earnings, net of tax (81.6) (37.2) (20.5)  
Other comprehensive income/(loss) 109.7 4.4 34.2  
AOCI, Accumulated Net Investment Hedge Gain (Loss) Attributable to Noncontrolling Interest        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Noncontrolling Interest 0.0 0.0 0.0  
Translation Adjustment [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (858.1) (744.7) (961.7) (855.8)
Net gains/(losses) recognized in OCI before reclassifications, net of tax (113.2) 216.7 (106.5)  
Net (gains)/losses reclassified from AOCI to earnings, net of tax 0.0 (0.1) 1.3  
Other comprehensive income/(loss) (113.2) 216.6 (105.2)  
Accumulated Foreign Currency Adjustment Attributable to Noncontrolling Interest        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Noncontrolling Interest (0.2) 0.4 (0.7)  
Accumulated Other Comprehensive Income/(Loss) [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (459.3) (428.8) (778.2) $ (463.2)
Net gains/(losses) recognized in OCI before reclassifications, net of tax 142.2 357.2 (181.5)  
Net (gains)/losses reclassified from AOCI to earnings, net of tax (172.5) (8.2) (132.8)  
Other comprehensive income/(loss) (30.3) 349.0 (314.3)  
AOCI Attributable to Noncontrolling Interest        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Noncontrolling Interest $ (0.2) $ 0.4 $ (0.7)  
v3.25.3
Equity (Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Interest income and other, net $ 113.3 $ 122.8 $ 81.2
Amounts Reclassified from AOCI, Interest expense (542.6) (562.0) (550.1)
Amounts Reclassified from AOCI, Tax (expense)/benefit (650.6) (1,207.3) (1,277.2)
Reclassification out of Accumulated Other Comprehensive Income [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Reclassification from AOCI, Current Period, before Tax, Attributable to Parent 224.9 19.2 158.9
Amounts Reclassified from AOCI, Tax (expense)/benefit 52.4 11.0 26.1
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent 172.5 8.2 132.8
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax (0.9) (0.9) (0.7)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Interest income and other, net (0.9) (1.2) (0.7)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 91.8 (28.2) 114.3
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | 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 116.8 (29.3) 133.5
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 81.6 37.2 20.5
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Amounts Reclassified from AOCI, Interest expense 109.0 49.6 27.4
Translation Adjustment [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 0.0 0.1 (1.3)
Translation Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Interest income and other, net $ 0.0 $ 0.1 $ (1.3)
v3.25.3
Employee Stock and Benefit Plans (Narrative) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Maximum permitted contribution to Employee Stock Purchase Plan, percent 10.00%    
Discounted stock purchase price, percent of market value 95.00%    
Number of shares issued under plan 0.6 0.6 0.5
Matching contributions $ 209.6 $ 194.4 $ 178.1
Stock Options and Restricted Stock Units [Member]      
Common stock available for issuance 74.5    
Employee Stock [Member]      
Common stock available for issuance 9.1    
Stock Options [Member]      
Award expiration period (years) 10 years    
Total intrinsic value of stock options exercised $ 19.0 $ 44.0 $ 98.0
Total fair value of options vested 0.0    
Restricted Stock Units (RSUs) [Member]      
Total unrecognized stock-based compensation expense, net of estimated forfeitures $ 278.0    
Weighted average recognition period for total unrecognized stock-based compensation expense (in years) 2 years 1 month 6 days    
Granted, weighted average grant date fair value per share $ 95.83 $ 103.82 $ 97.66
Total fair value of RSUs vested $ 333.0 $ 314.0 $ 292.0
Director [Member] | Stock Options [Member] | Maximum [Member]      
Award vesting period for non-employee directors (years) 1 year    
v3.25.3
Employee Stock and Benefit Plans (Stock-Based Compensation Expense Recognized in the Consolidated Financial Statements) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Stock-based compensation expense $ 318.3 $ 308.3 $ 302.7
Total related tax benefit 47.9 57.0 50.9
Total capitalized stock-based compensation included in net property, plant and equipment on the consolidated balance sheets 3.6 3.6 3.7
Stock Options [Member]      
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Stock-based compensation expense 0.0 0.0 0.1
Restricted Stock Units (RSUs) [Member]      
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]      
Stock-based compensation expense $ 318.3 $ 308.3 $ 302.6
v3.25.3
Employee Stock and Benefit Plans (RSU Transactions) (Details) - Restricted Stock Units (RSUs) [Member] - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Nonvested, Number of Shares      
Nonvested, Period Start, Number of Shares 8.7    
Granted, Number of Shares 5.9    
Vested, Number of Shares (3.3)    
Forfeited/canceled, Number of Shares (2.3)    
Nonvested, Period End, Number of Shares 9.0 8.7  
Weighted Average Grant Date Fair Value per Share      
Nonvested, Period Start, Weighted Average Grant Date Fair Value per Share $ 102.91    
Granted, Weighted Average Grant Date Fair Value per Share 95.83 $ 103.82 $ 97.66
Vested, Weighted Average Grant Date Fair Value per Share 99.90    
Forfeited/canceled, Weighted Average Grant Date Fair Value per Share 98.21    
Nonvested, Period End, Weighted Average Grant Date Fair Value per Share $ 98.89 $ 102.91  
Additional Disclosures      
Nonvested, Weighted Average Remaining Contractual Life (Years) 1 year 2 months 12 days 1 year 2 months 12 days  
Nonvested, Aggregate Intrinsic Value $ 791 $ 844  
v3.25.3
Income Taxes (Narrative) (Details)
3 Months Ended
Sep. 28, 2025
USD ($)
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]  
Foreign Earnings Repatriated $ 900,000,000
Investment Company, Foreign Income, Tax Withheld Not Reclaimable $ 90,000,000
v3.25.3
Income Taxes (Components of Earnings Before Income Taxes) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Income Tax Disclosure [Abstract]      
United States $ 1,850.1 $ 4,087.6 $ 4,488.6
Foreign 657.2 882.0 913.3
Earnings before income taxes $ 2,507.3 $ 4,969.6 $ 5,401.9
v3.25.3
Income Taxes (Provision for Income Taxes) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Income Tax Disclosure [Abstract]      
Current taxes: U.S. federal $ 179.4 $ 681.2 $ 678.2
Current taxes: U.S. state and local 120.4 210.9 235.9
Current taxes: Foreign 362.5 328.8 422.4
Total current taxes 662.3 1,220.9 1,336.5
Deferred taxes: U.S. federal 30.2 10.7 117.0
Deferred taxes: U.S. state and local (11.3) (0.7) (0.8)
Deferred taxes: Foreign (30.6) (23.6) (175.5)
Total deferred taxes (11.7) (13.6) (59.3)
Total income tax expense $ 650.6 $ 1,207.3 $ 1,277.2
v3.25.3
Income Taxes (Reconciliation of the Statutory U.S. Federal Income Tax Rate With Our Effective Income Tax Rate) (Details) - USD ($)
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Income Tax Disclosure [Abstract]      
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 21.00% 21.00%
State income taxes, net of federal tax benefit 3.40% 3.30% 3.40%
Benefits and taxes related to foreign operations 0.30% 0.30% 0.40%
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent 3.60% 0.40% 0.00%
Effective Income Tax Rate Reconciliation, FDII, Percent (1.60%) (0.80%) (0.80%)
Effective Income Tax Rate Reconciliation, Cross-Border, Other, Percent (1.40%) 0.00% 0.00%
Other, net 0.60% 0.10% (0.40%)
Effective tax rate 25.90% 24.30% 23.60%
Subsidiaries [Member]      
Tax Credit Carryforward [Line Items]      
Gross taxable temporary difference $ 1,800,000,000    
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Undistributed Earnings of Foreign Subsidiaries $ 180,000,000    
v3.25.3
Income Taxes (Tax Effect of Temporary Differences and Carryforwards That Comprise Significant Portions of Deferred Tax Assets and Liabilities) (Details) - USD ($)
$ in Millions
Sep. 28, 2025
Sep. 29, 2024
Tax Credit Carryforward [Line Items]    
Operating lease liability $ 2,646.7 $ 2,595.1
Stored value card liability 1,593.0 1,612.5
Intangible assets and goodwill 355.5 372.6
Other 780.9 692.2
Total 5,376.1 5,272.4
Valuation allowance (189.2) (194.5)
Total deferred tax asset, net of valuation allowance 5,186.9 5,077.9
Operating lease, right-of-use assets (2,466.8) (2,483.7)
Property, plant and equipment (641.3) (580.8)
Other (302.3) (267.8)
Total (3,410.4) (3,332.3)
Deferred Tax Assets, Net 1,776.5 1,745.6
Deferred Income Tax Assets, Net 1,826.9 1,766.7
Deferred Tax Liabilities, Net, Noncurrent (50.4) $ (21.1)
expiration beginning fiscal 2030 [Member]    
Tax Credit Carryforward [Line Items]    
Tax credit carryforward 68.5  
expirationbeginningfiscal2026    
Tax Credit Carryforward [Line Items]    
Foreign net operating loss carryforwards 444.8  
expirationindefinite [Member]    
Tax Credit Carryforward [Line Items]    
Foreign net operating loss carryforwards $ 104.5  
v3.25.3
Income Taxes (Summary of Activity Related to Unrecognized Tax Benefits) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]      
Beginning balance $ 108.0 $ 105.0 $ 89.7
Increase related to prior year tax positions 3.1 7.9 1.2
Decrease related to prior year tax positions (0.4) (6.4) (0.4)
Increase related to current year tax positions 12.9 10.3 14.5
Decreases related to settlements with taxing authorities (0.7) (8.8) 0.0
Decreases related to lapsing of statute of limitations (3.0) 0.0 0.0
Ending balance 119.9 108.0 105.0
Gross unrecognized tax benefits 119.9 108.0 105.0
Unrecognized tax benefits affecting the effective tax rate if recognized 76.6    
Interest and penalties expense/(benefit) recognized in income tax expense 8.4 8.8 $ 5.7
Accrued interest and penalties 30.4 $ 22.5  
Maximum [Member]      
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]      
Amount of reasonably possible unrecognized benefit change $ 62.0    
v3.25.3
Earnings Per Share (Calculation of Net Earnings Per Common Share ("EPS") - Basic and Diluted) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Earnings Per Share [Abstract]      
Net earnings attributable to Starbucks $ 1,856.4 $ 3,760.9 $ 4,124.5
Weighted average common shares and common stock units outstanding (for basic calculation) 1,136.0 1,133.8 1,146.8
Dilutive effect of outstanding common stock options and RSUs 3.8 3.5 4.5
Weighted average common and common equivalent shares outstanding (for diluted calculation) 1,139.8 1,137.3 1,151.3
Earnings Per Share, Basic $ 1.63 $ 3.32 $ 3.60
Earnings/(loss) Per Share, Diluted $ 1.63 $ 3.31 $ 3.58
v3.25.3
Segment Reporting (Narrative) (Details) - Reportable_segment
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Segment Reporting Information [Line Items]      
Number of Reportable Segments 3    
Disclosure of significant customers No customer accounts for 10% or more of our revenues    
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration] Chief Executive Officer [Member]    
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description Our CODM, who is our chief executive officer, evaluates the performance of our operating segments based primarily on net revenues and operating income, which represents earnings before other income and expenses and income taxes. Financial information and forecasts are reviewed by our CODM at the segment level, and are used to evaluate performance, monitor actual results versus forecasts, and allocate resources for the consolidated entity. Our CODM does not use total assets by segment as a basis for decision making.    
Total net revenues [Member] | Japan, Canada and the UK Member [Domain] | Japan, Canada and the UK Member [Domain]      
Segment Reporting Information [Line Items]      
Concentration Risk, Percentage 73.00% 72.00% 71.00%
Operating Segments [Member] | North America and International Segment Member [Domain]      
Segment Reporting Information [Line Items]      
Segment Reporting Information, Description of Products and Services North America and International operations sell coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-operated stores and licensed stores.    
Operating Segments [Member] | Channel Development [Member]      
Segment Reporting Information [Line Items]      
Segment Reporting Information, Description of Products and Services Channel Development revenues include packaged coffee, tea, foodservice products, and ready-to-drink beverage sales to customers outside of our company-operated and licensed stores. Most of our Channel Development revenues are from product sales to, and royalty revenues from, Nestlé through the Global Coffee Alliance.    
v3.25.3
Segment Reporting (Consolidated Revenue Mix By Product Type (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Revenue from External Customer [Line Items]      
Revenues $ 37,184.4 $ 36,176.2 $ 35,975.6
Beverage Member      
Revenue from External Customer [Line Items]      
Revenues [1] 22,539.9 21,883.9 21,684.8
Food Member      
Revenue from External Customer [Line Items]      
Revenues [2] 7,049.9 6,749.2 6,585.1
Other Products Member      
Revenue from External Customer [Line Items]      
Revenues [3] $ 7,594.6 $ 7,543.1 $ 7,705.7
Total net revenues [Member] | Product type      
Revenue from External Customer [Line Items]      
Percentage of product revenue to total revenue 100.00% 100.00% 100.00%
Total net revenues [Member] | Beverage Member | Product type      
Revenue from External Customer [Line Items]      
Percentage of product revenue to total revenue 61.00% 60.00% 60.00%
Total net revenues [Member] | Food Member | Product type      
Revenue from External Customer [Line Items]      
Percentage of product revenue to total revenue 19.00% 19.00% 18.00%
Total net revenues [Member] | Other Products Member | Product type      
Revenue from External Customer [Line Items]      
Percentage of product revenue to total revenue 20.00% 21.00% 22.00%
[1] Beverage” represents sales within our company-operated stores.
[2] Food” represents sales within our company-operated stores.
[3] “Other” primarily consists of packaged and single-serve coffees and teas, royalty and licensing revenues, beverage-related ingredients, and serveware, among other items.
v3.25.3
Segment Reporting (Information by Geographic Area) (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenues $ 37,184.4 $ 36,176.2 $ 35,975.6
Long-lived assets 24,637.4 24,491.9  
United States [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenues 27,124.7 26,707.4 26,398.3
Long-lived assets 15,952.7 15,878.4  
CHINA      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenues 3,160.8 3,008.2 3,081.5
Long-lived assets 4,276.8 4,514.2  
Other Countries [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenues 6,898.9 6,460.6 $ 6,495.8
Long-lived assets $ 4,407.9 $ 4,099.3  
v3.25.3
Segment Reporting (Financial Information For Reportable Operating Segments And All Other Segments) (Details) - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Jun. 29, 2025
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Segment Reporting Information [Line Items]        
Revenues   $ 37,184.4 $ 36,176.2 $ 35,975.6
Product and distribution costs   11,658.2 11,180.6 11,409.1
Store operating expenses   17,058.9 15,286.5 14,720.3
Other Cost and Expense, Operating   584.6 565.6 539.4
Depreciation and amortization expenses   1,684.7 1,512.6 1,362.6
General and Administrative Expense   2,617.2 2,523.3 2,441.3
Restructuring and impairments $ 137.0 892.0 0.0 21.8
Costs and Expenses   34,495.6 31,068.6 30,494.5
Income from equity investees   247.8 301.2 298.4
Gain (Loss) on Disposition of Assets   0.0 0.0 91.3
Operating income/(loss)   2,936.6 5,408.8 5,870.8
Interest income and other, net   113.3 122.8 81.2
Interest expense   (542.6) (562.0) (550.1)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest   2,507.3 4,969.6 5,401.9
Operating Segments [Member] | North America Segment [Member]        
Segment Reporting Information [Line Items]        
Revenues   27,373.1 27,009.5 26,569.6
Product and distribution costs   7,628.7 7,478.0 7,530.4
Store operating expenses   13,973.3 12,467.1 11,959.2
Other Cost and Expense, Operating   281.6 280.9 263.8
Depreciation and amortization expenses   1,196.3 1,052.4 910.1
General and Administrative Expense   483.3 375.8 389.7
Restructuring and impairments   653.2   20.7
Costs and Expenses   24,216.4 21,654.2 21,073.9
Income from equity investees   0.0 0.0 0.0
Gain (Loss) on Disposition of Assets       0.0
Operating income/(loss)   3,156.7 5,355.3 5,495.7
Operating Segments [Member] | International [Member]        
Segment Reporting Information [Line Items]        
Revenues   7,819.9 7,338.9 7,487.6
Product and distribution costs   2,749.8 2,575.2 2,608.4
Store operating expenses   3,085.6 2,819.4 2,761.1
Other Cost and Expense, Operating   242.0 225.1 219.0
Depreciation and amortization expenses   363.9 338.3 335.1
General and Administrative Expense   344.3 338.8 335.8
Restructuring and impairments   82.5   0.0
Costs and Expenses   6,868.1 6,296.8 6,259.4
Income from equity investees   (1.8) 3.6 2.7
Gain (Loss) on Disposition of Assets       0.0
Operating income/(loss)   950.0 1,045.7 1,230.9
Operating Segments [Member] | Channel Development [Member]        
Segment Reporting Information [Line Items]        
Revenues   1,871.7 1,769.8 1,893.8
Product and distribution costs   1,168.3 1,075.4 1,250.1
Store operating expenses   0.0 0.0 0.0
Other Cost and Expense, Operating   60.2 58.4 54.6
Depreciation and amortization expenses   0.0 0.0 0.1
General and Administrative Expense   5.8 7.7 8.4
Restructuring and impairments   1.9   0.0
Costs and Expenses   1,236.2 1,141.5 1,313.2
Income from equity investees   249.6 297.6 295.7
Gain (Loss) on Disposition of Assets       91.3
Operating income/(loss)   885.1 925.9 967.6
Operating Segments [Member] | Corporate and Other [Member]        
Segment Reporting Information [Line Items]        
Revenues   119.7 58.0 24.6
Product and distribution costs   111.4 52.0 20.2
Store operating expenses   0.0 0.0 0.0
Other Cost and Expense, Operating   0.8 1.2 2.0
Depreciation and amortization expenses   124.5 121.9 117.3
General and Administrative Expense   1,783.8 1,801.0 1,707.4
Restructuring and impairments   154.4   1.1
Costs and Expenses   2,174.9 1,976.1 1,848.0
Income from equity investees   0.0 0.0 0.0
Gain (Loss) on Disposition of Assets       0.0
Operating income/(loss)   $ (2,055.2) $ (1,918.1) $ (1,823.4)
v3.25.3
Subsequent Events (Details)
$ in Millions
12 Months Ended
Sep. 28, 2025
USD ($)
Subsequent Event [Line Items]  
Enterprise Value of Divested Entity $ 4,000.0
Starbucks JV Ownership  
Subsequent Event [Line Items]  
Equity Method Investment, Ownership Percentage 40.00%
Boyu Capital, JV Partner  
Subsequent Event [Line Items]  
Equity Method Investment, Ownership Percentage 60.00%
v3.25.3
Restructuring and Related Activities (Narrative) (Details)
$ in Millions
9 Months Ended 12 Months Ended
Jun. 29, 2025
USD ($)
Sep. 28, 2025
USD ($)
store
Sep. 29, 2024
USD ($)
Oct. 01, 2023
USD ($)
Sep. 27, 2026
USD ($)
Restructuring Cost and Reserve [Line Items]          
Disposal and impairment of store assets   $ 352.8      
Employee severance, separation costs, and other   299.9      
Amortization of ROU lease assets and other lease exit costs   239.3      
Restructuring and impairments $ 137.0 $ 892.0 $ 0.0 $ 21.8  
Restructuring and Related Activities [Abstract]          
Restructuring store closures | store   627      
Restructuring and impairments $ 137.0 $ 892.0 $ 0.0 21.8  
Restructuring and Related Cost, Expected Cost   1,000.0     $ 230.0
Operating Segments [Member] | North America Segment [Member]          
Restructuring Cost and Reserve [Line Items]          
Disposal and impairment of store assets   313.7      
Employee severance, separation costs, and other   103.8      
Amortization of ROU lease assets and other lease exit costs   235.7      
Restructuring and impairments   653.2   20.7  
Restructuring and Related Activities [Abstract]          
Restructuring and impairments   653.2   20.7  
Operating Segments [Member] | International [Member]          
Restructuring Cost and Reserve [Line Items]          
Disposal and impairment of store assets   39.1      
Employee severance, separation costs, and other   39.8      
Amortization of ROU lease assets and other lease exit costs   3.6      
Restructuring and impairments   82.5   0.0  
Restructuring and Related Activities [Abstract]          
Restructuring and impairments   82.5   0.0  
Operating Segments [Member] | Channel Development [Member]          
Restructuring Cost and Reserve [Line Items]          
Disposal and impairment of store assets   0.0      
Employee severance, separation costs, and other   1.9      
Amortization of ROU lease assets and other lease exit costs   0.0      
Restructuring and impairments   1.9   0.0  
Restructuring and Related Activities [Abstract]          
Restructuring and impairments   1.9   0.0  
Operating Segments [Member] | Corporate and Other [Member]          
Restructuring Cost and Reserve [Line Items]          
Disposal and impairment of store assets   0.0      
Employee severance, separation costs, and other   154.4      
Amortization of ROU lease assets and other lease exit costs   0.0      
Restructuring and impairments   154.4   1.1  
Restructuring and Related Activities [Abstract]          
Restructuring and impairments   $ 154.4   $ 1.1  
v3.25.3
Restructuring Reserve (Details) - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Jun. 29, 2025
Sep. 28, 2025
Sep. 29, 2024
Oct. 01, 2023
Restructuring Cost and Reserve [Line Items]        
Restructuring and impairments $ 137.0 $ 892.0 $ 0.0 $ 21.8
Employee severance, separation costs, and other   299.9    
Amortization of ROU lease assets and other lease exit costs   239.3    
Operating Lease Liability, Restructuring   272.8    
Employee Severance        
Restructuring Cost and Reserve [Line Items]        
Employee severance, separation costs, and other   299.9    
Payments for Restructuring   (141.0)    
Restructuring Reserve   158.9 0.0  
Lease Termination        
Restructuring Cost and Reserve [Line Items]        
Amortization of ROU lease assets and other lease exit costs   239.3    
Payments for Restructuring   (0.4)    
Restructuring Reserve   238.9 0.0  
Total        
Restructuring Cost and Reserve [Line Items]        
Restructuring and impairments   539.2    
Payments for Restructuring   (141.4)    
Restructuring Reserve   $ 397.8 $ 0.0