STARBUCKS CORP, 10-Q filed on 1/26/2016
Quarterly Report
Document And Entity Information
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Jan. 20, 2016
Document And Entity Information [Abstract]
 
 
Document Type
10-Q 
 
Amendment Flag
false 
 
Document Period End Date
Dec. 27, 2015 
 
Document Fiscal Year Focus
2016 
 
Document Fiscal Period Focus
Q1 
 
Trading Symbol
SBUX 
 
Entity Registrant Name
STARBUCKS CORP 
 
Entity Central Index Key
0000829224 
 
Current Fiscal Year End Date
--10-02 
 
Entity Filer Category
Large Accelerated Filer 
 
Entity Common Stock, Shares Outstanding
 
1,478.1 
Condensed Consolidated Statements of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Net revenues:
 
 
Total net revenues
$ 5,373.5 
$ 4,803.2 
Cost of sales including occupancy costs
2,186.2 
1,991.2 
Store operating expenses
1,506.2 
1,315.5 
Other operating expenses
146.2 
129.4 
Depreciation and amortization expenses
235.5 
206.0 
General and administrative expenses
305.5 
298.4 
Total operating expenses
4,379.6 
3,940.5 
Income from equity investees
64.1 
52.8 
Operating income
1,058.0 
915.5 
Gain resulting from acquisition of joint venture
0 
390.6 
Interest income and other, net
8.1 
9.7 
Interest expense
(16.5)
(16.3)
Earnings before income taxes
1,049.6 
1,299.5 
Income tax expense
361.9 
315.0 
Net earnings including noncontrolling interests
687.7 
984.5 
Net earnings/(loss) attributable to noncontrolling interests
0.1 
1.4 
Net earnings attributable to Starbucks
687.6 
983.1 
Earnings per share - basic
$ 0.46 
$ 0.66 
Earnings per share - diluted
$ 0.46 
$ 0.65 
Weighted average shares outstanding:
 
 
Basic
1,485.9 
1,498.8 
Diluted
1,503.3 
1,516.8 
Cash dividends declared per share
$ 0.20 
$ 0.16 
Company-operated stores [Member]
 
 
Net revenues:
 
 
Total net revenues
4,210.6 
3,772.8 
Licensed stores [Member]
 
 
Net revenues:
 
 
Total net revenues
540.6 
483.9 
CPG, foodservice and other [Member]
 
 
Net revenues:
 
 
Total net revenues
$ 622.3 
$ 546.5 
Condensed Consolidated Statements of Comprehensive Income (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Net earnings including noncontrolling interests
$ 687.7 
$ 984.5 
Other comprehensive income/(loss), net of tax:
 
 
Other comprehensive income/(loss)
(25.7)
(154.1)
Comprehensive income including noncontrolling interests
662.0 
830.4 
Comprehensive income/(loss) attributable to noncontrolling interests
0.1 
(30.4)
Comprehensive income attributable to Starbucks
661.9 
860.8 
Available-for-sale Securities [Member]
 
 
Other comprehensive income/(loss), net of tax:
 
 
Unrealized holding gains/(losses) on available-for-sale securities, before tax
1.0 
(0.6)
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit
(0.4)
0.2 
Cash Flow Hedging [Member]
 
 
Other comprehensive income/(loss), net of tax:
 
 
Unrealized gains/(losses) on hedging instruments, before tax
5.8 
51.7 
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit
(2.7)
(12.9)
Net Investment Hedging [Member]
 
 
Other comprehensive income/(loss), net of tax:
 
 
Unrealized gains/(losses) on hedging instruments, before tax
0 
4.3 
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit
0 
(1.6)
Available-for-sale Securities [Member]
 
 
Other comprehensive income/(loss), net of tax:
 
 
Other comprehensive income/(loss)
0.9 
(0.5)
Cash Flow Hedging [Member]
 
 
Other comprehensive income/(loss), net of tax:
 
 
Other comprehensive income/(loss)
(2.2)
(13.4)
Net Investment Hedging [Member]
 
 
Other comprehensive income/(loss), net of tax:
 
 
Other comprehensive income/(loss)
0 
(1.9)
Translation Adjustment [Member]
 
 
Other comprehensive income/(loss), net of tax:
 
 
Translation adjustment, before tax
(26.1)
(156.4)
Translation adjustment, tax (expense)/benefit
1.7 
3.8 
Other comprehensive income/(loss)
(24.4)
(106.5)
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
(7.7)
(59.8)
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit)
$ 2.7 
$ 17.2 
Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 27, 2015
Sep. 27, 2015
Current assets:
 
 
Cash and cash equivalents
$ 2,263.5 
$ 1,530.1 
Short-term investments
116.4 
81.3 
Accounts receivable, net
764.4 
719.0 
Inventories
1,242.6 
1,306.4 
Prepaid expenses and other current assets
340.8 
334.2 
Total current assets
4,727.7 
3,971.0 
Long-term investments
366.9 
312.5 
Equity and cost investments
289.6 
352.0 
Property, plant and equipment, net
4,122.5 
4,088.3 
Long-term deferred income tax assets
938.5 
1,180.8 
Other long-term assets
416.9 
415.9 
Other intangible assets
509.1 
520.4 
Goodwill
1,572.3 
1,575.4 
TOTAL ASSETS
12,943.5 
12,416.3 
Current liabilities:
 
 
Accounts payable
648.0 
684.2 
Accrued liabilities
1,686.0 
1,755.3 
Insurance reserves
237.5 
224.8 
Stored value card liability
1,448.8 
983.8 
Current portion of long-term debt
399.8 
0 
Total current liabilities
4,420.1 
3,648.1 
Long-term debt
1,947.9 
2,347.5 
Other long-term liabilities
592.1 
600.9 
Total liabilities
6,960.1 
6,596.5 
Shareholders' equity:
 
 
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,485.6 shares and 1,485.1 shares, respectively
1.5 
1.5 
Additional paid-in capital
41.1 
41.1 
Retained earnings
6,164.0 
5,974.8 
Accumulated other comprehensive loss
(225.1)
(199.4)
Total shareholders' equity
5,981.5 
5,818.0 
Noncontrolling interest
1.9 
1.8 
Total equity
5,983.4 
5,819.8 
TOTAL LIABILITIES AND EQUITY
$ 12,943.5 
$ 12,416.3 
Condensed Consolidated Balance Sheets (Parenthetical) (USD $)
Dec. 27, 2015
Sep. 27, 2015
Statement of Financial Position [Abstract]
 
 
Common stock, par value
$ 0.001 
$ 0.001 
Common stock, shares authorized
2,400,000,000 
2,400,000,000 
Common stock, shares issued
1,485,600,000 
1,485,100,000 
Common stock, shares outstanding
1,485,600,000 
1,485,100,000 
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
OPERATING ACTIVITIES:
 
 
Net earnings including noncontrolling interests
$ 687.7 
$ 984.5 
Adjustments to reconcile net earnings to net cash provided by operating activities:
 
 
Depreciation and amortization
247.3 
216.3 
Deferred income taxes, net
225.2 
100.0 
Income earned from equity method investees
(47.0)
(35.6)
Distributions received from equity method investees
69.3 
35.8 
Gain resulting from acquisition/sale of equity in joint ventures
(0.6)
(390.6)
Stock-based compensation
57.3 
51.9 
Excess tax benefit on share-based awards
(67.2)
(53.3)
Other
18.0 
8.5 
Cash provided by changes in operating assets and liabilities:
 
 
Accounts receivable
(65.1)
(9.3)
Inventories
60.6 
92.0 
Accounts payable
(28.2)
(20.8)
Income taxes payable, net
48.7 
(17.8)
Accrued liabilities and insurance reserves
(27.3)
40.3 
Stored value card liability
468.9 
408.4 
Prepaid expenses, other current assets and other long-term assets
(11.6)
14.9 
Net cash provided by operating activities
1,636.0 
1,425.2 
INVESTING ACTIVITIES:
 
 
Purchases of investments
(145.6)
(133.1)
Sales of investments
85.3 
177.5 
Maturities and calls of investments
0.8 
7.4 
Acquisitions, net of cash acquired
0 
(284.3)
Additions to property, plant and equipment
(331.8)
(291.8)
Proceeds from sale of equity in joint venture
30.2 
0 
Other
1.0 
1.8 
Net cash used by investing activities
(360.1)
(522.5)
FINANCING ACTIVITIES:
 
 
Cash restricted for purchase of noncontrolling interest
0 
(257.6)
Proceeds from issuance of common stock
48.4 
64.1 
Excess tax benefit on share-based awards
67.2 
53.3 
Cash dividends paid
(297.0)
(239.5)
Repurchase of common stock
(245.8)
(215.0)
Minimum tax withholdings on share-based awards
(101.3)
(71.8)
Other
(0.2)
(1.8)
Net cash used by financing activities
(528.7)
(668.3)
Effect of exchange rate changes on cash and cash equivalents
(13.8)
(85.8)
Net increase in cash and cash equivalents
733.4 
148.6 
CASH AND CASH EQUIVALENTS:
 
 
Beginning of period
1,530.1 
1,708.4 
End of period
2,263.5 
1,857.0 
Cash paid during the period for:
 
 
Interest, net of capitalized interest
34.4 
19.7 
Income taxes, net of refunds
$ 86.7 
$ 231.2 
Summary of Significant Accounting Policies
Summary Of Significant Accounting Policies
Summary of Significant Accounting Policies
Financial Statement Preparation
The unaudited condensed consolidated financial statements as of December 27, 2015, and for the quarters ended December 27, 2015 and December 28, 2014, have been prepared by Starbucks Corporation under the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial information for the quarters ended December 27, 2015 and December 28, 2014 reflects all adjustments and accruals, which are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods. In this Quarterly Report on Form 10-Q (“10-Q”), Starbucks Corporation is referred to as “Starbucks,” the “Company,” “we,” “us” or “our.”
The financial information as of September 27, 2015 is derived from our audited consolidated financial statements and notes for the fiscal year ended September 27, 2015 (“fiscal 2015”) included in Item 8 in the Fiscal 2015 Annual Report on Form 10-K (the “10-K”). The information included in this 10-Q should be read in conjunction with the footnotes and management’s discussion and analysis of the consolidated financial statements in the 10-K.
The results of operations for the quarter ended December 27, 2015 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending October 2, 2016 ("fiscal 2016"). Additionally, our 2016 fiscal year will include 53 weeks, with the 53rd week falling in our fourth fiscal quarter.
Stock Split
On April 9, 2015, we effected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March 30, 2015. All share and per-share data in our consolidated financial statements and notes has been retroactively adjusted to reflect this stock split. We adjusted shareholders' equity to reflect the stock split by reclassifying an amount equal to the par value of the additional shares arising from the split from retained earnings to common stock during the second quarter of fiscal 2015, resulting in no net impact to shareholders' equity on our consolidated balance sheets.
Recent Accounting Pronouncements
In January 2016, the Financial Accounting Standards Board ("FASB") issued guidance on the recognition and measurement of financial instruments. This guidance retains the current accounting for classifying and measuring investments in debt securities and loans, but requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. The guidance also changes the accounting for investments without a readily determinable fair value and that do not qualify for the practical expedient to estimate fair value. A policy election can be made for these investments whereby estimated fair value may be measured at cost and adjusted in subsequent periods for any impairment or changes in observable prices of identical or similar investments. We are currently evaluating the impact this guidance will have on our consolidated financial statements and it will become effective for us at the beginning of our first quarter of fiscal 2019.
In November 2015, the FASB issued guidance on the presentation of deferred income taxes that requires deferred tax assets and liabilities, along with related valuation allowances, to be classified as noncurrent on the balance sheet. As a result, each tax jurisdiction will now only have one net noncurrent deferred tax asset or liability. The new guidance does not change the existing requirement that prohibits offsetting deferred tax liabilities from one jurisdiction against deferred tax assets of another jurisdiction. During the first quarter of fiscal 2016, we elected to early-adopt this guidance retrospectively. The following table summarizes the adjustments made to conform prior period classifications with the new guidance (in millions):
 
September 27, 2015
 
As Filed
 
Reclass
 
As Adjusted
Current deferred income tax assets
$
381.7

 
$
(381.7
)
 
$
—

Long-term deferred income tax assets
828.9

 
351.9

 
1,180.8

Current deferred income tax liabilities (included in Accrued liabilities)
5.4

 
(5.4
)
 
—

Long-term deferred income tax liabilities (included in Other long-term liabilities)
67.8

 
(24.4
)
 
43.4

Net deferred tax asset
$
1,137.4

 
$
—

 
$
1,137.4


In September 2015, the FASB issued guidance on the recognition of adjustments to preliminary amounts recognized in a business combination, which removes the requirement to retrospectively account for these adjustments. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017. We will apply the guidance prospectively and do not expect the adoption will have a material impact on our consolidated financial statements.
In July 2015, the FASB issued guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. The guidance will require prospective application at the beginning of our first quarter of fiscal 2018, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.
In April 2015, the FASB issued guidance on the financial statement presentation of debt issuance costs. This guidance requires debt issuance costs to be presented on the balance sheet as a reduction of the related debt liability rather than an asset. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017 and will only result in an immaterial change in presentation of these costs on our consolidated balance sheets.
In February 2015, the FASB issued guidance that changes the evaluation criteria for consolidation and related disclosure requirements. This guidance introduces evaluation criteria specific to limited partnerships and other similar entities, as well as amends the criteria for evaluating variable interest entities with which the reporting entity is involved and certain investment funds. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.
In May 2014, the FASB issued guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The original effective date of the guidance would have required us to adopt at the beginning of our first quarter of fiscal 2018. In July 2015, the FASB approved an optional one-year deferral of the effective date. The new guidance may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. We are currently evaluating the overall impact this guidance will have on our consolidated financial statements, as well as the expected timing and method of adoption. Based on our preliminary assessment, we determined the adoption will change the timing of recognition and classification of our stored value card breakage income, which is currently recognized using the remote method and recorded in net interest income and other. The new guidance will require application of the proportional method and classification within total net revenues on our consolidated statements of earnings. Additionally, the new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition. We are continuing our assessment, which may identify other impacts.
In April 2014, the FASB issued guidance that changes the criteria for reporting discontinued operations. To qualify as a discontinued operation under the amended guidance, a component or group of components of an entity that has been disposed of or is classified as held for sale must represent a strategic shift that has or will have a major effect on the entity's operations and financial results. This guidance also expands related disclosure requirements. The guidance became effective for us on a prospective basis at the beginning of our first quarter of fiscal 2016 and had no impact on our consolidated financial statements.
Acquisitions and Divestitures
Acquisitions and Divestitures
Note 2:
Acquisitions and Divestitures
Fiscal 2016
In the first quarter of fiscal 2016, we sold our 49% ownership interest in our Spanish joint venture, Starbucks Coffee España, S.L. ("Starbucks Spain"), to our joint venture partner, Sigla S.A. (Grupo Vips), for a total purchase price of $30.2 million. This transaction resulted in a gain of $0.6 million, which was included in net interest income and other on the consolidated statements of earnings for the quarter ended December 27, 2015.
Fiscal 2015
On September 23, 2014, we entered into a tender offer bid agreement with Starbucks Coffee Japan, Ltd. ("Starbucks Japan"), at the time a 39.5% owned equity method investment, and our former joint venture partner, Sazaby League, Ltd. ("Sazaby"), to acquire the remaining 60.5% ownership interest in Starbucks Japan for approximately $876 million, through a two-step tender offer. On October 31, 2014, we acquired a controlling interest in Starbucks Japan by funding the first tender offer step with $509 million in offshore cash. We assumed full ownership in the second quarter of fiscal 2015 by completing the second tender offer step, and completed the related cash-out procedure during the remainder of fiscal 2015, which utilized a combined total of $362 million in offshore cash. The remaining amount of the cash-out procedure is immaterial to our consolidated financial statements and represents cash that was unclaimed by minority shareholders, which was recorded in accrued liabilities on our consolidated balance sheets. There are no legal restrictions on the remaining unclaimed balance.
The following table summarizes the final allocation of the total consideration to the fair values of the assets acquired and liabilities assumed as of October 31, 2014, which are reported within our China/Asia Pacific segment, and has been adjusted for the reclassification of deferred income taxes as discussed in Note 1, Summary of Significant Accounting Policies (in millions):
Consideration:
 
 
Cash paid for Sazaby's 39.5% equity interest
 
$
508.7

Fair value of our preexisting 39.5% equity interest
 
577.0

Total consideration
 
$
1,085.7

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

Accounts receivable, net
 
37.4

Inventories
 
26.4

Prepaid expenses and other current assets
 
35.7

Property, plant and equipment
 
282.9

Other long-term assets
 
141.4

Other intangible assets
 
323.0

Goodwill
 
815.6

Total assets acquired
 
1,886.8

Accounts payable
 
(54.5
)
Accrued liabilities
 
(115.9
)
Stored value card liability
 
(36.5
)
Deferred income taxes
 
(67.3
)
Other long-term liabilities
 
(115.8
)
Total liabilities assumed
 
(390.0
)
Noncontrolling interest
 
(411.1
)
Total consideration
 
$
1,085.7


The balance of goodwill and the gross carrying value of acquired intangible assets declined $86.3 million and $34.2 million to $729.3 million and $288.8 million, respectively, from the acquisition date to December 27, 2015, due to foreign currency translation. Accumulated amortization related to the acquired intangible assets was $51.8 million as of December 27, 2015.
As a result of this acquisition, we remeasured the carrying value of our preexisting 39.5% equity method investment to fair value, which resulted in a pre-tax gain of $390.6 million that was recorded in the first quarter of fiscal 2015 and was presented separately as gain resulting from acquisition of joint venture within other income on our consolidated statements of earnings.
Derivative Financial Instruments
Derivative Financial Instruments
Derivative Financial Instruments
Interest Rates
Depending on market conditions, we enter into interest rate swap agreements to hedge the variability in cash flows due to changes in benchmark interest rates related to anticipated debt issuances. These agreements are cash settled at the time of the pricing of the related debt. The effective portion of the derivative's gain or loss is recorded in accumulated other comprehensive income ("AOCI") and is subsequently reclassified to interest expense over the life of the related debt.
Foreign Currency
To reduce cash flow volatility from foreign currency fluctuations, we enter into forward and swap contracts to hedge portions of cash flows of anticipated intercompany royalty payments, inventory purchases, and intercompany borrowing and lending activities. The effective portion of the derivative's gain or loss is recorded in AOCI and is subsequently reclassified to revenue, cost of sales including occupancy costs, or net interest income and other, respectively, when the hedged exposure affects net earnings.
We also enter into forward contracts to hedge the foreign currency exposure of our net investment in certain foreign operations. The effective portion of the derivative's gain or loss is recorded in AOCI and will be subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated.
To mitigate the foreign exchange risk of certain balance sheet items, we enter into foreign currency forward contracts that are not designated as hedging instruments. Gains and losses from these derivatives are largely offset by the financial impact of translating foreign currency denominated payables and receivables; both are recorded in net interest income and other.
Commodities
Depending on market conditions, we enter into coffee futures contracts and collars (the combination of a purchased call option and a sold put option) to hedge a portion of anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 5, Inventories. The effective portion of each derivative's gain or loss is recorded in AOCI and is subsequently reclassified to cost of sales including occupancy costs when the hedged exposure affects net earnings.
To mitigate the price uncertainty of a portion of our future purchases of dairy products and diesel fuel, we enter into dairy swap contracts, futures and collars that are not designated as hedging instruments. Gains and losses from these derivatives are recorded in net interest income and other and help to offset price fluctuations on our dairy purchases and the financial impact of diesel fuel fluctuations on our shipping costs, which are included in cost of sales including occupancy costs on our consolidated statements of earnings.
Gains and losses on derivative contracts designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
 
Net Gains/(Losses)
Included in AOCI
 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
 
Outstanding Contract Remaining Maturity
(Months)
 
Dec 27,
2015
 
Sep 27,
2015
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
31.2

 
$
30.1

 
$
3.5

 
1
Cross-currency swaps
(30.8
)
 
(27.8
)
 
—

 
108
Foreign currency - other
29.7

 
29.0

 
19.6

 
35
Coffee
(6.7
)
 
(5.7
)
 
(5.7
)
 
9
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
1.3

 
1.3

 
—

 
0

Pretax gains and losses on derivative contracts designated as hedging instruments recognized in other comprehensive income ("OCI") and reclassifications from AOCI to earnings (in millions):
 
Quarter Ended
 
Gains/(Losses) Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from AOCI to Earnings
 
Dec 27,
2015
 
Dec 28,
2014
 
Dec 27,
2015
 
Dec 28,
2014
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
3.1

 
$
0.3

 
$
1.5

 
$
1.3

Cross-currency swaps
(5.3
)
 
37.8

 
(1.8
)
 
63.1

Foreign currency - other
9.3

 
16.4

 
8.5

 
3.9

Coffee
(1.3
)
 
(2.8
)
 
(0.1
)
 
(1.6
)
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
—

 
4.3

 
—

 
7.2


Pretax gains and losses on derivative contracts not designated as hedging instruments recognized in earnings (in millions):
 
Gains/(Losses) Recognized in Earnings
 
Quarter Ended
 
Dec 27, 2015
 
Dec 28, 2014
Foreign currency - other
$
2.1

 
$
18.6

Coffee
(0.1
)
 
—

Dairy
(5.6
)
 
(4.5
)
Diesel fuel
(4.7
)
 
(7.6
)

Notional amounts of outstanding derivative contracts (in millions):
 
Dec 27, 2015
 
Sep 27, 2015
Interest rates
$
375

 
$
125

Cross-currency swaps
607

 
717

Foreign currency - other
561

 
577

Coffee
28

 
38

Dairy
65

 
43

Diesel fuel
23

 
14


The fair values of our derivative assets and liabilities are included in Note 4, Fair Value Measurements, and additional disclosures related to cash flow and net investment hedge gains and losses included in accumulated other comprehensive income, as well as subsequent reclassifications to earnings, are included in Note 8, Equity.
Fair Value Measurements
Fair Value Measurements
Fair Value Measurements
Assets and Liabilities Measured at Fair Value on a Recurring Basis (in millions):

 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at
Dec 27, 2015
 
Quoted Prices
in Active
Markets for 
Identical Assets
(Level 1)
 
Significant 
Other Observable 
Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
2,263.5

 
$
2,263.5

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Corporate debt securities
5.6

 
—

 
5.6

 
—

Equity securities
28.6

 
—

 
28.6

 
—

Foreign government obligations
6.0

 
—

 
6.0

 
—

U.S. government treasury securities
6.6

 
6.6

 
—

 
—

Total available-for-sale securities
46.8

 
6.6

 
40.2

 
—

Trading securities
69.6

 
69.6

 
—

 
—

Total short-term investments
116.4

 
76.2

 
40.2

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
54.7

 
—

 
54.7

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
4.8

 
—

 
4.8

 
—

Corporate debt securities
138.4

 
—

 
138.4

 
—

Auction rate securities
5.7

 
—

 
—

 
5.7

Foreign government obligations
14.5

 
—

 
14.5

 
—

U.S. government treasury securities
146.6

 
146.6

 
—

 
—

State and local government obligations
8.6

 
—

 
8.6

 
—

Mortgage and other asset-backed securities
48.3

 
—

 
48.3

 
—

Total long-term investments
366.9

 
146.6

 
214.6

 
5.7

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
50.1

 
—

 
50.1

 
—

Total assets
$
2,851.6

 
$
2,486.3

 
$
359.6

 
$
5.7

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
27.5

 
$
6.5

 
$
21.0

 
$
—

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
14.2

 
—

 
14.2

 
—

Total liabilities
$
41.7

 
$
6.5

 
$
35.2

 
$
—


 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at Sep 27, 2015
 
Quoted Prices
in Active
Markets for 
Identical Assets
(Level 1)
 
Significant 
Other Observable 
Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,530.1

 
$
1,530.1

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Corporate debt securities
10.2

 
—

 
10.2

 
—

Foreign government obligations
2.0

 
—

 
2.0

 
—

State and local government obligations
3.3

 
—

 
3.3

 
—

Total available-for-sale securities
15.5

 
—

 
15.5

 
—

Trading securities
65.8

 
65.8

 
—

 
—

Total short-term investments
81.3

 
65.8

 
15.5

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
50.8

 
—

 
50.8

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
8.6

 
—

 
8.6

 
—

Corporate debt securities
121.8

 
—

 
121.8

 
—

Auction rate securities
5.9

 
—

 
—

 
5.9

Foreign government obligations
18.5

 
—

 
18.5

 
—

U.S. government treasury securities
104.8

 
104.8

 
—

 
—

State and local government obligations
9.7

 
—

 
9.7

 
—

Mortgage and other asset-backed securities
43.2

 
—

 
43.2

 
—

Total long-term investments
312.5

 
104.8

 
201.8

 
5.9

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
54.7

 
—

 
54.7

 
—

Total assets
$
2,029.4

 
$
1,700.7

 
$
322.8

 
$
5.9

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
19.2

 
$
3.6

 
$
15.6

 
$
—

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
14.5

 
—

 
14.5

 
—

Total
$
33.7

 
$
3.6

 
$
30.1

 
$
—


There were no transfers between levels and there was no significant activity within Level 3 instruments during the periods presented. The fair values of any financial instruments presented above exclude the impact of netting assets and liabilities when a legally enforceable master netting agreement exists.
Gross unrealized holding gains and losses on investments were not material as of December 27, 2015 and September 27, 2015.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, goodwill and other intangible assets, equity and cost method investments, and other assets. These assets are measured at fair value if determined to be impaired. During the quarters ended December 27, 2015 and December 28, 2014, there were no material fair value adjustments.
The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 7, Debt.
Inventories
Inventories
Inventories (in millions)
 
Dec 27, 2015
 
Sep 27, 2015
 
Dec 28, 2014
Coffee:
 
 
 
 
 
Unroasted
$
559.2

 
$
529.4

 
$
414.2

Roasted
256.6

 
279.7

 
227.2

Other merchandise held for sale
270.8

 
318.3

 
230.2

Packaging and other supplies
156.0

 
179.0

 
146.7

Total
$
1,242.6

 
$
1,306.4

 
$
1,018.3

Other merchandise held for sale includes, among other items, serveware and tea. Inventory levels vary due to seasonality, commodity market supply and price fluctuations.
As of December 27, 2015, we had committed to purchasing green coffee totaling $701 million under fixed-price contracts and an estimated $353 million under price-to-be-fixed contracts. As of December 27, 2015, approximately $28 million of our price-to-be-fixed contracts were effectively fixed through the use of futures contracts. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period, and other negotiated terms are agreed upon, but the date, and therefore the price, at which the base “C” coffee commodity price component will be fixed has not yet been established. For most contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. For other contracts, Starbucks and the seller may agree upon pricing parameters determined by the base "C" coffee commodity price. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on relationships established with our suppliers in the past, the risk of non-delivery on these purchase commitments is remote.
Supplemental Balance Sheet Information
Supplemental Balance Sheet Information
Supplemental Balance Sheet Information (in millions)

Property, Plant and Equipment, net
 
Dec 27, 2015
 
Sep 27, 2015
Land
$
46.6

 
$
46.6

Buildings
415.1

 
411.5

Leasehold improvements
5,471.5

 
5,409.6

Store equipment
1,763.6

 
1,707.5

Roasting equipment
548.3

 
542.4

Furniture, fixtures and other
1,275.0

 
1,281.7

Work in progress
268.2

 
242.5

Property, plant and equipment, gross
9,788.3

 
9,641.8

Accumulated depreciation
(5,665.8
)
 
(5,553.5
)
Property, plant and equipment, net
$
4,122.5

 
$
4,088.3



Accrued Liabilities
 
Dec 27, 2015
 
Sep 27, 2015
Accrued compensation and related costs
$
461.9

 
$
522.3

Accrued occupancy costs
145.0

 
137.2

Accrued taxes
236.0

 
259.0

Accrued dividends payable
297.1

 
297.0

Other
546.0

 
539.8

Total accrued liabilities
$
1,686.0

 
$
1,755.3

Debt
Debt
Debt
Components of long-term debt including the associated interest rates and related estimated fair values (in millions, except interest rates):
 
Dec 27, 2015
 
Sep 27, 2015
 
Stated Interest Rate
Effective Interest Rate (1)
Issuance
Face Value
Estimated Fair Value
 
Face Value
Estimated Fair Value
 
2016 notes
$
400.0

$
399

 
$
400.0

$
400

 
0.875
%
0.941
%
2018 notes
350.0

354

 
350.0

354

 
2.000
%
2.012
%
2022 notes
500.0

501

 
500.0

503

 
2.700
%
2.819
%
2023 notes
750.0

800

 
750.0

790

 
3.850
%
2.860
%
2045 notes
350.0

371

 
350.0

355

 
4.300
%
4.348
%
Total
2,350.0

2,425

 
2,350.0

2,402

 
 
 
Aggregate unamortized discount
2.3

 
 
2.5

 
 
 
 
Total
$
2,347.7

 
 
$
2,347.5

 
 
 
 
(1) 
Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.
The indentures under which the above notes were issued require us to maintain compliance with certain covenants, including limits on future liens and sale and leaseback transactions on certain material properties. As of December 27, 2015, we were in compliance with all applicable covenants.
The following table summarizes our long-term debt maturities as of December 27, 2015 (in millions):
Fiscal Year
Total
2016
$
—

2017
400.0

2018
—

2019
350.0

2020
—

Thereafter
1,600.0

Total
$
2,350.0

Equity
Equity
Equity
Changes in total equity (in millions):
 
Quarter Ended
 
Dec 27, 2015
 
Dec 28, 2014
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
Beginning balance of total equity
$
5,818.0

 
$
1.8

 
$
5,819.8

 
$
5,272.0

 
$
1.7

 
$
5,273.7

Net earnings including noncontrolling interests
687.6

 
0.1

 
687.7

 
983.1

 
1.4

 
984.5

Translation adjustment, net of reclassifications and tax
(24.4
)
 
—

 
(24.4
)
 
(106.5
)
 
(31.8
)
 
(138.3
)
Unrealized gains/(losses), net of reclassifications and tax
(1.3
)
 
—

 
(1.3
)
 
(15.8
)
 
—

 
(15.8
)
Other comprehensive income/(loss)
(25.7
)
 
—

 
(25.7
)
 
(122.3
)
 
(31.8
)
 
(154.1
)
Stock-based compensation expense
57.9

 
—

 
57.9

 
52.5

 
—

 
52.5

Exercise of stock options/vesting of RSUs
7.8

 
—

 
7.8

 
40.2

 
—

 
40.2

Sale of common stock
0.1

 
—

 
0.1

 
5.5

 
—

 
5.5

Repurchase of common stock
(267.1
)
 
—

 
(267.1
)
 
(216.1
)
 
—

 
(216.1
)
Cash dividends declared
(297.1
)
 
—

 
(297.1
)
 
(239.5
)
 
—

 
(239.5
)
Noncontrolling interest resulting from acquisition
—

 
—

 
—

 
—

 
411.1

 
411.1

Ending balance of total equity
$
5,981.5

 
$
1.9

 
$
5,983.4

 
$
5,775.4

 
$
382.4

 
$
6,157.8


Changes in accumulated other comprehensive income ("AOCI") by component, net of tax (in millions):
Quarter Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
December 27, 2015
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.1
)
 
$
25.6

 
$
1.3

 
$
(226.2
)
 
$
(199.4
)
Net gains/(losses) recognized in OCI before reclassifications
0.6

 
3.1

 
—

 
(24.4
)
 
(20.7
)
Net (gains)/losses reclassified from AOCI to earnings
0.3

 
(5.3
)
 
—

 
—

 
(5.0
)
Other comprehensive income/(loss) attributable to Starbucks
0.9

 
(2.2
)
 
—

 
(24.4
)
 
(25.7
)
Net gains/(losses) in AOCI, end of period
$
0.8

 
$
23.4

 
$
1.3

 
$
(250.6
)
 
$
(225.1
)
 
 
 
 
 
 
 
 
 
 
December 28, 2014
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.4
)
 
$
46.3

 
$
3.2

 
$
(23.8
)
 
$
25.3

Net gains/(losses) recognized in OCI before reclassifications
(0.4
)
 
38.8

 
2.7

 
(120.8
)
 
(79.7
)
Net (gains)/losses reclassified from AOCI to earnings
(0.1
)
 
(52.2
)
 
(4.6
)
 
14.3

 
(42.6
)
Other comprehensive income/(loss) attributable to Starbucks
(0.5
)
 
(13.4
)
 
(1.9
)
 
(106.5
)
 
(122.3
)
Net gains/(losses) in AOCI, end of period
$
(0.9
)
 
$
32.9

 
$
1.3

 
$
(130.3
)
 
$
(97.0
)
 
 
 
 
 
 
 
 
 
 

Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Dec 27, 2015
 
Dec 28, 2014
 
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
$
1.5

 
$
1.3

 
Interest expense
Cross-currency swaps
 
(1.8
)
 
63.1

 
Interest income and other, net
Foreign currency hedges
 
3.1

 
2.5

 
Revenues
Foreign currency/coffee hedges
 
5.3

 
(0.2
)
 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges(1)
 
—

 
7.2

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

 
(7.2
)
 
Gain resulting from acquisition of joint venture
Other
 
—

 
(7.1
)
 
Interest income and other, net
 
 
8.1

 
59.6

 
Total before tax
 
 
(2.8
)
 
(17.1
)
 
Tax (expense)/benefit
 
 
$
5.3

 
$
42.5

 
Net of tax
 
 
 
 
 
 
 
(1) 
Release of pretax cumulative net gains in AOCI related to our net investment derivative instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.
(2) 
Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign business.
As discussed in Note 1, Summary of Significant Accounting Policies, on April 9, 2015, we effected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March 30, 2015. All share data presented in this note has been retroactively adjusted to reflect this stock split.
In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of December 27, 2015.
We repurchased 4.5 million shares of common stock at a total cost of $267.1 million, and 5.6 million shares at a total cost of $216.1 million for the quarter ended December 27, 2015 and December 28, 2014, respectively. As of December 27, 2015, 48.3 million shares remained available for repurchase under current authorizations.
During the first quarter of fiscal 2016, our Board of Directors declared a quarterly cash dividend to shareholders of $0.20 per share to be paid on February 19, 2016 to shareholders of record as of the close of business on February 4, 2016.
Employee Stock Plans
Employee Stock Plans
Employee Stock Plans
As discussed in Note 1, Summary of Significant Accounting Policies, on April 9, 2015, we effected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March 30, 2015. All share and per-share data presented in this note has been retroactively adjusted to reflect this stock split.
As of December 27, 2015, there were 84.4 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 14.2 million shares available for issuance under our employee stock purchase plan.
Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):
 
Quarter Ended
 
Dec 27, 2015
 
Dec 28, 2014
Options
$
15.5

 
$
12.5

Restricted Stock Units (“RSUs”)
41.8

 
39.4

Total stock-based compensation expense
$
57.3

 
$
51.9


Stock option and RSU transactions from September 27, 2015 through December 27, 2015 (in millions):
 
 
Stock Options
 
RSUs
Options outstanding/Nonvested RSUs, September 27, 2015
33.6

 
10.7

Granted
5.4

 
3.8

Options exercised/RSUs vested
(2.0
)
 
(4.6
)
Forfeited/expired
(0.4
)
 
(0.5
)
Options outstanding/Nonvested RSUs, December 27, 2015
36.6

 
9.4

Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of December 27, 2015
$
63.9

 
$
234.0

Earnings Per Share
Earnings Per Share
Earnings per Share
As discussed in Note 1, Summary of Significant Accounting Policies, on April 9, 2015, we effected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March 30, 2015. All share and per-share data presented in this note has been retroactively adjusted to reflect this stock split.
Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
 
Quarter Ended
 
Dec 27, 2015
 
Dec 28, 2014
Net earnings attributable to Starbucks
$
687.6

 
$
983.1

Weighted average common shares outstanding (for basic calculation)
1,485.9

 
1,498.8

Dilutive effect of outstanding common stock options and RSUs
17.4

 
18.0

Weighted average common and common equivalent shares outstanding (for diluted calculation)
1,503.3

 
1,516.8

EPS — basic
$
0.46

 
$
0.66

EPS — diluted
$
0.46

 
$
0.65


Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and nonvested) and nonvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes out-of-the-money stock options (i.e., such options’ exercise prices were greater than the average market price of our common shares for the period) because their inclusion would have been antidilutive. Out-of-the-money stock options totaled approximately 2.4 million and 7.8 million as of December 27, 2015 and December 28, 2014, respectively.
Segment Reporting
Segment Reporting
Segment Reporting
Our chief executive officer and chief operating officer comprise the Company's Chief Operating Decision Maker function ("CODM"). Segment information is prepared on the same basis that our CODM manages the segments, evaluates financial results, and makes key operating decisions.
The table below presents financial information for our reportable operating segments and All Other Segments (in millions):
Quarter Ended
 
Americas
 
China /
Asia Pacific
 
EMEA
 
Channel
Development
 
All Other Segments
 
Segment
Total
December 27, 2015
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
3,726.2

 
$
653.6

 
$
313.0

 
$
512.1

 
$
168.6

 
$
5,373.5

Depreciation and amortization expenses
140.8

 
42.1

 
11.5

 
0.7

 
3.6

 
198.7

Income from equity investees
—

 
31.2

 
1.2

 
31.7

 
—

 
64.1

Operating income
934.6

 
127.1

 
48.1

 
193.3

 
5.9

 
1,309.0

 
 
 
 
 
 
 
 
 
 
 
 
December 28, 2014
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
3,366.9

 
$
495.8

 
$
333.3

 
$
442.6

 
$
164.6

 
$
4,803.2

Depreciation and amortization expenses
127.1

 
28.1

 
13.8

 
0.6

 
4.0

 
173.6

Income from equity investees
—

 
32.7

 
0.2

 
19.9

 
—

 
52.8

Operating income
817.5

 
108.3

 
50.0

 
157.5

 
10.2

 
1,143.5

 
 
 
 
 
 
 
 
 
 
 
 


Reconciliation of total segment operating income to consolidated earnings before income taxes (in millions):
 
Quarter Ended
 
Dec 27, 2015
 
Dec 28, 2014
Total segment operating income
$
1,309.0

 
$
1,143.5

Unallocated corporate operating expenses
(251.0
)
 
(228.0
)
Consolidated operating income
1,058.0

 
915.5

Gain resulting from acquisition of joint venture
—

 
390.6

Interest income and other, net
8.1

 
9.7

Interest expense
(16.5
)
 
(16.3
)
Earnings before income taxes
$
1,049.6

 
$
1,299.5

Summary of Significant Accounting Policies (Policies)
Recent Accounting Pronouncements
Recent Accounting Pronouncements
In January 2016, the Financial Accounting Standards Board ("FASB") issued guidance on the recognition and measurement of financial instruments. This guidance retains the current accounting for classifying and measuring investments in debt securities and loans, but requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. The guidance also changes the accounting for investments without a readily determinable fair value and that do not qualify for the practical expedient to estimate fair value. A policy election can be made for these investments whereby estimated fair value may be measured at cost and adjusted in subsequent periods for any impairment or changes in observable prices of identical or similar investments. We are currently evaluating the impact this guidance will have on our consolidated financial statements and it will become effective for us at the beginning of our first quarter of fiscal 2019.
In November 2015, the FASB issued guidance on the presentation of deferred income taxes that requires deferred tax assets and liabilities, along with related valuation allowances, to be classified as noncurrent on the balance sheet. As a result, each tax jurisdiction will now only have one net noncurrent deferred tax asset or liability. The new guidance does not change the existing requirement that prohibits offsetting deferred tax liabilities from one jurisdiction against deferred tax assets of another jurisdiction. During the first quarter of fiscal 2016, we elected to early-adopt this guidance retrospectively. The following table summarizes the adjustments made to conform prior period classifications with the new guidance (in millions):
 
September 27, 2015
 
As Filed
 
Reclass
 
As Adjusted
Current deferred income tax assets
$
381.7

 
$
(381.7
)
 
$
—

Long-term deferred income tax assets
828.9

 
351.9

 
1,180.8

Current deferred income tax liabilities (included in Accrued liabilities)
5.4

 
(5.4
)
 
—

Long-term deferred income tax liabilities (included in Other long-term liabilities)
67.8

 
(24.4
)
 
43.4

Net deferred tax asset
$
1,137.4

 
$
—

 
$
1,137.4


In September 2015, the FASB issued guidance on the recognition of adjustments to preliminary amounts recognized in a business combination, which removes the requirement to retrospectively account for these adjustments. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017. We will apply the guidance prospectively and do not expect the adoption will have a material impact on our consolidated financial statements.
In July 2015, the FASB issued guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. The guidance will require prospective application at the beginning of our first quarter of fiscal 2018, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.
In April 2015, the FASB issued guidance on the financial statement presentation of debt issuance costs. This guidance requires debt issuance costs to be presented on the balance sheet as a reduction of the related debt liability rather than an asset. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017 and will only result in an immaterial change in presentation of these costs on our consolidated balance sheets.
In February 2015, the FASB issued guidance that changes the evaluation criteria for consolidation and related disclosure requirements. This guidance introduces evaluation criteria specific to limited partnerships and other similar entities, as well as amends the criteria for evaluating variable interest entities with which the reporting entity is involved and certain investment funds. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.
In May 2014, the FASB issued guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The original effective date of the guidance would have required us to adopt at the beginning of our first quarter of fiscal 2018. In July 2015, the FASB approved an optional one-year deferral of the effective date. The new guidance may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. We are currently evaluating the overall impact this guidance will have on our consolidated financial statements, as well as the expected timing and method of adoption. Based on our preliminary assessment, we determined the adoption will change the timing of recognition and classification of our stored value card breakage income, which is currently recognized using the remote method and recorded in net interest income and other. The new guidance will require application of the proportional method and classification within total net revenues on our consolidated statements of earnings. Additionally, the new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition. We are continuing our assessment, which may identify other impacts.
In April 2014, the FASB issued guidance that changes the criteria for reporting discontinued operations. To qualify as a discontinued operation under the amended guidance, a component or group of components of an entity that has been disposed of or is classified as held for sale must represent a strategic shift that has or will have a major effect on the entity's operations and financial results. This guidance also expands related disclosure requirements. The guidance became effective for us on a prospective basis at the beginning of our first quarter of fiscal 2016 and had no impact on our consolidated financial statements.
Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)
Summary of Adjustments Made to Conform Prior Period Classifications with New Guidance
The following table summarizes the adjustments made to conform prior period classifications with the new guidance (in millions):
 
September 27, 2015
 
As Filed
 
Reclass
 
As Adjusted
Current deferred income tax assets
$
381.7

 
$
(381.7
)
 
$
—

Long-term deferred income tax assets
828.9

 
351.9

 
1,180.8

Current deferred income tax liabilities (included in Accrued liabilities)
5.4

 
(5.4
)
 
—

Long-term deferred income tax liabilities (included in Other long-term liabilities)
67.8

 
(24.4
)
 
43.4

Net deferred tax asset
$
1,137.4

 
$
—

 
$
1,137.4

Acquisitions and Divestitures (Tables)
Allocation of Total Consideration to Fair Values of Assets Acquired and Liabilities Assumed
The following table summarizes the final allocation of the total consideration to the fair values of the assets acquired and liabilities assumed as of October 31, 2014, which are reported within our China/Asia Pacific segment, and has been adjusted for the reclassification of deferred income taxes as discussed in Note 1, Summary of Significant Accounting Policies (in millions):
Consideration:
 
 
Cash paid for Sazaby's 39.5% equity interest
 
$
508.7

Fair value of our preexisting 39.5% equity interest
 
577.0

Total consideration
 
$
1,085.7

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

Accounts receivable, net
 
37.4

Inventories
 
26.4

Prepaid expenses and other current assets
 
35.7

Property, plant and equipment
 
282.9

Other long-term assets
 
141.4

Other intangible assets
 
323.0

Goodwill
 
815.6

Total assets acquired
 
1,886.8

Accounts payable
 
(54.5
)
Accrued liabilities
 
(115.9
)
Stored value card liability
 
(36.5
)
Deferred income taxes
 
(67.3
)
Other long-term liabilities
 
(115.8
)
Total liabilities assumed
 
(390.0
)
Noncontrolling interest
 
(411.1
)
Total consideration
 
$
1,085.7

Derivative Financial Instruments (Tables)
Derivative Gains and Losses Included in AOCI and Expected to be Reclassified into Earnings in 12 Months, Net of Tax 
Gains and losses on derivative contracts designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
 
Net Gains/(Losses)
Included in AOCI
 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
 
Outstanding Contract Remaining Maturity
(Months)
 
Dec 27,
2015
 
Sep 27,
2015
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
31.2

 
$
30.1

 
$
3.5

 
1
Cross-currency swaps
(30.8
)
 
(27.8
)
 
—

 
108
Foreign currency - other
29.7

 
29.0

 
19.6

 
35
Coffee
(6.7
)
 
(5.7
)
 
(5.7
)
 
9
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
1.3

 
1.3

 
—

 
0
Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings 
Pretax gains and losses on derivative contracts designated as hedging instruments recognized in other comprehensive income ("OCI") and reclassifications from AOCI to earnings (in millions):
 
Quarter Ended
 
Gains/(Losses) Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from AOCI to Earnings
 
Dec 27,
2015
 
Dec 28,
2014
 
Dec 27,
2015
 
Dec 28,
2014
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
3.1

 
$
0.3

 
$
1.5

 
$
1.3

Cross-currency swaps
(5.3
)
 
37.8

 
(1.8
)
 
63.1

Foreign currency - other
9.3

 
16.4

 
8.5

 
3.9

Coffee
(1.3
)
 
(2.8
)
 
(0.1
)
 
(1.6
)
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
—

 
4.3

 
—

 
7.2

Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings 
Pretax gains and losses on derivative contracts not designated as hedging instruments recognized in earnings (in millions):
 
Gains/(Losses) Recognized in Earnings
 
Quarter Ended
 
Dec 27, 2015
 
Dec 28, 2014
Foreign currency - other
$
2.1

 
$
18.6

Coffee
(0.1
)
 
—

Dairy
(5.6
)
 
(4.5
)
Diesel fuel
(4.7
)
 
(7.6
)
Notional Amounts of Outstanding Derivative Contracts 
Notional amounts of outstanding derivative contracts (in millions):
 
Dec 27, 2015
 
Sep 27, 2015
Interest rates
$
375

 
$
125

Cross-currency swaps
607

 
717

Foreign currency - other
561

 
577

Coffee
28

 
38

Dairy
65

 
43

Diesel fuel
23

 
14

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

 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at
Dec 27, 2015
 
Quoted Prices
in Active
Markets for 
Identical Assets
(Level 1)
 
Significant 
Other Observable 
Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
2,263.5

 
$
2,263.5

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Corporate debt securities
5.6

 
—

 
5.6

 
—

Equity securities
28.6

 
—

 
28.6

 
—

Foreign government obligations
6.0

 
—

 
6.0

 
—

U.S. government treasury securities
6.6

 
6.6

 
—

 
—

Total available-for-sale securities
46.8

 
6.6

 
40.2

 
—

Trading securities
69.6

 
69.6

 
—

 
—

Total short-term investments
116.4

 
76.2

 
40.2

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
54.7

 
—

 
54.7

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
4.8

 
—

 
4.8

 
—

Corporate debt securities
138.4

 
—

 
138.4

 
—

Auction rate securities
5.7

 
—

 
—

 
5.7

Foreign government obligations
14.5

 
—

 
14.5

 
—

U.S. government treasury securities
146.6

 
146.6

 
—

 
—

State and local government obligations
8.6

 
—

 
8.6

 
—

Mortgage and other asset-backed securities
48.3

 
—

 
48.3

 
—

Total long-term investments
366.9

 
146.6

 
214.6

 
5.7

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
50.1

 
—

 
50.1

 
—

Total assets
$
2,851.6

 
$
2,486.3

 
$
359.6

 
$
5.7

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
27.5

 
$
6.5

 
$
21.0

 
$
—

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
14.2

 
—

 
14.2

 
—

Total liabilities
$
41.7

 
$
6.5

 
$
35.2

 
$
—


 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at Sep 27, 2015
 
Quoted Prices
in Active
Markets for 
Identical Assets
(Level 1)
 
Significant 
Other Observable 
Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,530.1

 
$
1,530.1

 
$
—

 
$
—

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Corporate debt securities
10.2

 
—

 
10.2

 
—

Foreign government obligations
2.0

 
—

 
2.0

 
—

State and local government obligations
3.3

 
—

 
3.3

 
—

Total available-for-sale securities
15.5

 
—

 
15.5

 
—

Trading securities
65.8

 
65.8

 
—

 
—

Total short-term investments
81.3

 
65.8

 
15.5

 
—

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
50.8

 
—

 
50.8

 
—

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Agency obligations
8.6

 
—

 
8.6

 
—

Corporate debt securities
121.8

 
—

 
121.8

 
—

Auction rate securities
5.9

 
—

 
—

 
5.9

Foreign government obligations
18.5

 
—

 
18.5

 
—

U.S. government treasury securities
104.8

 
104.8

 
—

 
—

State and local government obligations
9.7

 
—

 
9.7

 
—

Mortgage and other asset-backed securities
43.2

 
—

 
43.2

 
—

Total long-term investments
312.5

 
104.8

 
201.8

 
5.9

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
54.7

 
—

 
54.7

 
—

Total assets
$
2,029.4

 
$
1,700.7

 
$
322.8

 
$
5.9

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
19.2

 
$
3.6

 
$
15.6

 
$
—

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
14.5

 
—

 
14.5

 
—

Total
$
33.7

 
$
3.6

 
$
30.1

 
$
—

Inventories (Tables)
Inventories
 
Dec 27, 2015
 
Sep 27, 2015
 
Dec 28, 2014
Coffee:
 
 
 
 
 
Unroasted
$
559.2

 
$
529.4

 
$
414.2

Roasted
256.6

 
279.7

 
227.2

Other merchandise held for sale
270.8

 
318.3

 
230.2

Packaging and other supplies
156.0

 
179.0

 
146.7

Total
$
1,242.6

 
$
1,306.4

 
$
1,018.3

Supplemental Balance Sheet Information (Tables)
Property, Plant And Equipment, net 
 
Dec 27, 2015
 
Sep 27, 2015
Land
$
46.6

 
$
46.6

Buildings
415.1

 
411.5

Leasehold improvements
5,471.5

 
5,409.6

Store equipment
1,763.6

 
1,707.5

Roasting equipment
548.3

 
542.4

Furniture, fixtures and other
1,275.0

 
1,281.7

Work in progress
268.2

 
242.5

Property, plant and equipment, gross
9,788.3

 
9,641.8

Accumulated depreciation
(5,665.8
)
 
(5,553.5
)
Property, plant and equipment, net
$
4,122.5

 
$
4,088.3

Accrued Liabilities 
 
Dec 27, 2015
 
Sep 27, 2015
Accrued compensation and related costs
$
461.9

 
$
522.3

Accrued occupancy costs
145.0

 
137.2

Accrued taxes
236.0

 
259.0

Accrued dividends payable
297.1

 
297.0

Other
546.0

 
539.8

Total accrued liabilities
$
1,686.0

 
$
1,755.3

Debt (Tables)
Components of Long-Term Debt Including Associated Interest Rates and Related Estimated Fair Values 
Components of long-term debt including the associated interest rates and related estimated fair values (in millions, except interest rates):
 
Dec 27, 2015
 
Sep 27, 2015
 
Stated Interest Rate
Effective Interest Rate (1)
Issuance
Face Value
Estimated Fair Value
 
Face Value
Estimated Fair Value
 
2016 notes
$
400.0

$
399

 
$
400.0

$
400

 
0.875
%
0.941
%
2018 notes
350.0

354

 
350.0

354

 
2.000
%
2.012
%
2022 notes
500.0

501

 
500.0

503

 
2.700
%
2.819
%
2023 notes
750.0

800

 
750.0

790

 
3.850
%
2.860
%
2045 notes
350.0

371

 
350.0

355

 
4.300
%
4.348
%
Total
2,350.0

2,425

 
2,350.0

2,402

 
 
 
Aggregate unamortized discount
2.3

 
 
2.5

 
 
 
 
Total
$
2,347.7

 
 
$
2,347.5

 
 
 
 
(1) 
Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.
Long-Term Debt Maturities 
The following table summarizes our long-term debt maturities as of December 27, 2015 (in millions):
Fiscal Year
Total
2016
$
—

2017
400.0

2018
—

2019
350.0

2020
—

Thereafter
1,600.0

Total
$
2,350.0

Equity (Tables)
Changes In Total Equity 
Changes in total equity (in millions):
 
Quarter Ended
 
Dec 27, 2015
 
Dec 28, 2014
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
 
Attributable to Starbucks
 
Noncontrolling interest
 
Total Equity
Beginning balance of total equity
$
5,818.0

 
$
1.8

 
$
5,819.8

 
$
5,272.0

 
$
1.7

 
$
5,273.7

Net earnings including noncontrolling interests
687.6

 
0.1

 
687.7

 
983.1

 
1.4

 
984.5

Translation adjustment, net of reclassifications and tax
(24.4
)
 
—

 
(24.4
)
 
(106.5
)
 
(31.8
)
 
(138.3
)
Unrealized gains/(losses), net of reclassifications and tax
(1.3
)
 
—

 
(1.3
)
 
(15.8
)
 
—

 
(15.8
)
Other comprehensive income/(loss)
(25.7
)
 
—

 
(25.7
)
 
(122.3
)
 
(31.8
)
 
(154.1
)
Stock-based compensation expense
57.9

 
—

 
57.9

 
52.5

 
—

 
52.5

Exercise of stock options/vesting of RSUs
7.8

 
—

 
7.8

 
40.2

 
—

 
40.2

Sale of common stock
0.1

 
—

 
0.1

 
5.5

 
—

 
5.5

Repurchase of common stock
(267.1
)
 
—

 
(267.1
)
 
(216.1
)
 
—

 
(216.1
)
Cash dividends declared
(297.1
)
 
—

 
(297.1
)
 
(239.5
)
 
—

 
(239.5
)
Noncontrolling interest resulting from acquisition
—

 
—

 
—

 
—

 
411.1

 
411.1

Ending balance of total equity
$
5,981.5

 
$
1.9

 
$
5,983.4

 
$
5,775.4

 
$
382.4

 
$
6,157.8

Changes in Components Of Accumulated Other Comprehensive Income, Net Of Tax 
Changes in accumulated other comprehensive income ("AOCI") by component, net of tax (in millions):
Quarter Ended
 
 Available-for-Sale Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment
 
Total
December 27, 2015
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.1
)
 
$
25.6

 
$
1.3

 
$
(226.2
)
 
$
(199.4
)
Net gains/(losses) recognized in OCI before reclassifications
0.6

 
3.1

 
—

 
(24.4
)
 
(20.7
)
Net (gains)/losses reclassified from AOCI to earnings
0.3

 
(5.3
)
 
—

 
—

 
(5.0
)
Other comprehensive income/(loss) attributable to Starbucks
0.9

 
(2.2
)
 
—

 
(24.4
)
 
(25.7
)
Net gains/(losses) in AOCI, end of period
$
0.8

 
$
23.4

 
$
1.3

 
$
(250.6
)
 
$
(225.1
)
 
 
 
 
 
 
 
 
 
 
December 28, 2014
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(0.4
)
 
$
46.3

 
$
3.2

 
$
(23.8
)
 
$
25.3

Net gains/(losses) recognized in OCI before reclassifications
(0.4
)
 
38.8

 
2.7

 
(120.8
)
 
(79.7
)
Net (gains)/losses reclassified from AOCI to earnings
(0.1
)
 
(52.2
)
 
(4.6
)
 
14.3

 
(42.6
)
Other comprehensive income/(loss) attributable to Starbucks
(0.5
)
 
(13.4
)
 
(1.9
)
 
(106.5
)
 
(122.3
)
Net gains/(losses) in AOCI, end of period
$
(0.9
)
 
$
32.9

 
$
1.3

 
$
(130.3
)
 
$
(97.0
)
 
 
 
 
 
 
 
 
 
 
Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings 
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Dec 27, 2015
 
Dec 28, 2014
 
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
$
1.5

 
$
1.3

 
Interest expense
Cross-currency swaps
 
(1.8
)
 
63.1

 
Interest income and other, net
Foreign currency hedges
 
3.1

 
2.5

 
Revenues
Foreign currency/coffee hedges
 
5.3

 
(0.2
)
 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges(1)
 
—

 
7.2

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

 
(7.2
)
 
Gain resulting from acquisition of joint venture
Other
 
—

 
(7.1
)
 
Interest income and other, net
 
 
8.1

 
59.6

 
Total before tax
 
 
(2.8
)
 
(17.1
)
 
Tax (expense)/benefit
 
 
$
5.3

 
$
42.5

 
Net of tax
 
 
 
 
 
 
 
(1) 
Release of pretax cumulative net gains in AOCI related to our net investment derivative instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.
(2) 
Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign business.
Employee Stock Plans (Tables)
Stock-Based Compensation Expense Recognized in Consolidated Statements of Earnings 
Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):
 
Quarter Ended
 
Dec 27, 2015
 
Dec 28, 2014
Options
$
15.5

 
$
12.5

Restricted Stock Units (“RSUs”)
41.8

 
39.4

Total stock-based compensation expense
$
57.3

 
$
51.9

Stock Option and RSU Transactions 
Stock option and RSU transactions from September 27, 2015 through December 27, 2015 (in millions):
 
 
Stock Options
 
RSUs
Options outstanding/Nonvested RSUs, September 27, 2015
33.6

 
10.7

Granted
5.4

 
3.8

Options exercised/RSUs vested
(2.0
)
 
(4.6
)
Forfeited/expired
(0.4
)
 
(0.5
)
Options outstanding/Nonvested RSUs, December 27, 2015
36.6

 
9.4

Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of December 27, 2015
$
63.9

 
$
234.0

Earnings Per Share (Tables)
Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted
Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
 
Quarter Ended
 
Dec 27, 2015
 
Dec 28, 2014
Net earnings attributable to Starbucks
$
687.6

 
$
983.1

Weighted average common shares outstanding (for basic calculation)
1,485.9

 
1,498.8

Dilutive effect of outstanding common stock options and RSUs
17.4

 
18.0

Weighted average common and common equivalent shares outstanding (for diluted calculation)
1,503.3

 
1,516.8

EPS — basic
$
0.46

 
$
0.66

EPS — diluted
$
0.46

 
$
0.65

Segment Reporting (Tables)
Financial Information For Reportable Operating Segments And All Other Segments 
The table below presents financial information for our reportable operating segments and All Other Segments (in millions):
Quarter Ended
 
Americas
 
China /
Asia Pacific
 
EMEA
 
Channel
Development
 
All Other Segments
 
Segment
Total
December 27, 2015
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
3,726.2

 
$
653.6

 
$
313.0

 
$
512.1

 
$
168.6

 
$
5,373.5

Depreciation and amortization expenses
140.8

 
42.1

 
11.5

 
0.7

 
3.6

 
198.7

Income from equity investees
—

 
31.2

 
1.2

 
31.7

 
—

 
64.1

Operating income
934.6

 
127.1

 
48.1

 
193.3

 
5.9

 
1,309.0

 
 
 
 
 
 
 
 
 
 
 
 
December 28, 2014
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
3,366.9

 
$
495.8

 
$
333.3

 
$
442.6

 
$
164.6

 
$
4,803.2

Depreciation and amortization expenses
127.1

 
28.1

 
13.8

 
0.6

 
4.0

 
173.6

Income from equity investees
—

 
32.7

 
0.2

 
19.9

 
—

 
52.8

Operating income
817.5

 
108.3

 
50.0

 
157.5

 
10.2

 
1,143.5

 
 
 
 
 
 
 
 
 
 
 
 
Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes 
Reconciliation of total segment operating income to consolidated earnings before income taxes (in millions):
 
Quarter Ended
 
Dec 27, 2015
 
Dec 28, 2014
Total segment operating income
$
1,309.0

 
$
1,143.5

Unallocated corporate operating expenses
(251.0
)
 
(228.0
)
Consolidated operating income
1,058.0

 
915.5

Gain resulting from acquisition of joint venture
—

 
390.6

Interest income and other, net
8.1

 
9.7

Interest expense
(16.5
)
 
(16.3
)
Earnings before income taxes
$
1,049.6

 
$
1,299.5

Summary of Significant Accounting Policies (Narrative) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
0 Months Ended
Dec. 27, 2015
Sep. 27, 2015
Apr. 9, 2015
Common Stock [Member]
Apr. 9, 2015
Common Stock [Member]
Class of Stock [Line Items]
 
 
 
 
Stock split conversion ratio
 
 
2 
 
Common stock, par value
$ 0.001 
$ 0.001 
 
$ 0.001 
Impact to shareholders' equity from stock split
 
 
 
$ 0 
Summary of Significant Accounting Policies - Effects of Early Adoption of New Accounting Pronouncement (Details) (USD $)
In Millions, unless otherwise specified
Dec. 27, 2015
Sep. 27, 2015
New Accounting Pronouncement, Early Adoption [Line Items]
 
 
Long-term deferred income tax assets
$ 938.5 
$ 1,180.8 
New Accounting Pronouncement, Early Adoption, Effect [Member]
 
 
New Accounting Pronouncement, Early Adoption [Line Items]
 
 
Current deferred income tax assets
 
0 
Long-term deferred income tax assets
 
1,180.8 
Current deferred income tax liabilities (included in Accrued liabilities)
 
0 
Long-term deferred income tax liabilities (included in Other long-term liabilities)
 
43.4 
Net deferred tax asset
 
1,137.4 
As Filed [Member] |
New Accounting Pronouncement, Early Adoption, Effect [Member]
 
 
New Accounting Pronouncement, Early Adoption [Line Items]
 
 
Current deferred income tax assets
 
381.7 
Long-term deferred income tax assets
 
828.9 
Current deferred income tax liabilities (included in Accrued liabilities)
 
5.4 
Long-term deferred income tax liabilities (included in Other long-term liabilities)
 
67.8 
Net deferred tax asset
 
1,137.4 
Reclass [Member] |
New Accounting Pronouncement, Early Adoption, Effect [Member]
 
 
New Accounting Pronouncement, Early Adoption [Line Items]
 
 
Current deferred income tax assets
 
(381.7)
Long-term deferred income tax assets
 
351.9 
Current deferred income tax liabilities (included in Accrued liabilities)
 
(5.4)
Long-term deferred income tax liabilities (included in Other long-term liabilities)
 
(24.4)
Net deferred tax asset
 
$ 0 
Acquisitions and Divestitures (Narrative) (Details) (USD $)
In Millions, unless otherwise specified
0 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 14 Months Ended
Oct. 31, 2014
Dec. 27, 2015
Dec. 28, 2014
Sep. 27, 2015
Sep. 27, 2015
Dec. 27, 2015
Sep. 28, 2014
Business Acquisition [Line Items]
 
 
 
 
 
 
 
Gain resulting from acquisition of joint venture
 
$ 0 
$ 390.6 
 
 
 
 
Spain JV [Member]
 
 
 
 
 
 
 
Business Acquisition [Line Items]
 
 
 
 
 
 
 
Ownership interest sold to joint venture partner
 
49.00% 
 
 
 
49.00% 
 
Purchase price of joint venture sold
 
30.2 
 
 
 
 
 
Gain resulting from divestiture
 
0.6 
 
 
 
 
 
Starbucks Coffee Japan Ltd Member
 
 
 
 
 
 
 
Business Acquisition [Line Items]
 
 
 
 
 
 
 
Preexisting ownership percentage in Starbucks Japan
 
 
 
 
 
 
39.50% 
Remaining Ownership Interest in Equity Method Investee to be Acquired
 
 
 
 
 
 
60.50% 
Cash paid to acquire additional ownership interest in Starbucks Japan
508.7 
 
 
362.0 
876.0 
 
 
Acquisition date
Oct. 31, 2014 
 
 
 
 
 
 
Goodwill, effect of foreign currency translation
 
 
 
 
 
(86.3)
 
Intangible assets, effect of foreign currency translation
 
 
 
 
 
(34.2)
 
Goodwill
 
729.3 
 
 
 
 
 
Intangible assets, acquired
 
288.8 
 
 
 
 
 
Intangible assets, accumulated amortization
 
51.8 
 
 
 
51.8 
 
Gain resulting from acquisition of joint venture
 
 
$ 390.6 
 
 
 
 
Acquisitions and Divestitures (Allocation of Total Consideration to Fair Value of Assets Acquired and Liabilities Assumed) (Details) (USD $)
In Millions, unless otherwise specified
0 Months Ended 9 Months Ended 12 Months Ended
Dec. 27, 2015
Sep. 27, 2015
Oct. 31, 2014
Starbucks Coffee Japan Ltd Member
Sep. 27, 2015
Starbucks Coffee Japan Ltd Member
Sep. 27, 2015
Starbucks Coffee Japan Ltd Member
Oct. 31, 2014
Starbucks Coffee Japan Ltd Member
Cash paid to acquire additional ownership interest in Starbucks Japan
 
 
$ 508.7 
$ 362.0 
$ 876.0 
 
Fair value of preexisting equity interest
 
 
577.0 
 
 
 
Cash and cash equivalents
 
 
 
 
 
224.4 
Accounts receivable, net
 
 
 
 
 
37.4 
Inventories
 
 
 
 
 
26.4 
Prepaid expenses and other current assets
 
 
 
 
 
35.7 
Property, plant and equipment
 
 
 
 
 
282.9 
Other long-term assets
 
 
 
 
 
141.4 
Other intangible assets
 
 
 
 
 
323.0 
Goodwill
1,572.3 
1,575.4 
 
 
 
815.6 
Total assets acquired
 
 
 
 
 
1,886.8 
Accounts payable
 
 
 
 
 
(54.5)
Accrued liabilities
 
 
 
 
 
(115.9)
Stored value card liability
 
 
 
 
 
(36.5)
Deferred income taxes
 
 
 
 
 
(67.3)
Other long-term liabilities
 
 
 
 
 
(115.8)
Total liabilities assumed
 
 
 
 
 
390.0 
Noncontrolling interest
 
 
 
 
 
(411.1)
Total consideration
 
 
$ 1,085.7 
 
 
 
Derivative Financial Instruments (Derivative Gains and Losses Included in AOCI and Expected to be Reclassified into Earnings in 12 Months, Net of Tax) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Sep. 27, 2015
Cash Flow Hedging [Member] |
Interest Rate Contract [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
$ 31.2 
$ 30.1 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
3.5 
 
Outstanding Contract Remaining Maturity (Months)
1 month 
 
Cash Flow Hedging [Member] |
Cross-Currency Swap [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
(30.8)
(27.8)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
0 
 
Outstanding Contract Remaining Maturity (Months)
108 months 
 
Cash Flow Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
29.7 
29.0 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
19.6 
 
Outstanding Contract Remaining Maturity (Months)
35 months 
 
Cash Flow Hedging [Member] |
Coffee Contracts [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
(6.7)
(5.7)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
(5.7)
 
Outstanding Contract Remaining Maturity (Months)
9 months 
 
Net Investment Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments and Hedging Activities Disclosures [Line Items]
 
 
Net Gains/(Losses) Included in AOCI
1.3 
1.3 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
$ 0 
 
Outstanding Contract Remaining Maturity (Months)
0 months 
 
Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings) (Details) (Designated as Hedging Instrument [Member], USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Cash Flow Hedging [Member] |
Interest Rate Contract [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
$ 3.1 
$ 0.3 
Gains/(Losses) Reclassified from AOCI to Earnings
1.5 
1.3 
Cash Flow Hedging [Member] |
Cross-Currency Swap [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
(5.3)
37.8 
Gains/(Losses) Reclassified from AOCI to Earnings
(1.8)
63.1 
Cash Flow Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
9.3 
16.4 
Gains/(Losses) Reclassified from AOCI to Earnings
8.5 
3.9 
Cash Flow Hedging [Member] |
Coffee Contracts [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
(1.3)
(2.8)
Gains/(Losses) Reclassified from AOCI to Earnings
(0.1)
(1.6)
Net Investment Hedging [Member] |
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in OCI Before Reclassifications
0 
4.3 
Gains/(Losses) Reclassified from AOCI to Earnings
$ 0 
$ 7.2 
Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Foreign Currency Contract - Other [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in Earnings
$ 2.1 
$ 18.6 
Coffee Contracts [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in Earnings
(0.1)
0 
Dairy Contracts [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in Earnings
(5.6)
(4.5)
Diesel Fuel Contracts [Member]
 
 
Derivative Instruments, Gain (Loss) [Line Items]
 
 
Gains/(Losses) Recognized in Earnings
$ (4.7)
$ (7.6)
Derivative and Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 27, 2015
Sep. 27, 2015
Interest Rate Contract [Member]
 
 
Derivative [Line Items]
 
 
Notional amounts of outstanding derivative contracts
$ 375 
$ 125 
Cross-Currency Swap [Member]
 
 
Derivative [Line Items]
 
 
Notional amounts of outstanding derivative contracts
607 
717 
Foreign Currency Contract - Other [Member]
 
 
Derivative [Line Items]
 
 
Notional amounts of outstanding derivative contracts
561 
577 
Coffee Contracts [Member]
 
 
Derivative [Line Items]
 
 
Notional amounts of outstanding derivative contracts
28 
38 
Dairy Contracts [Member]
 
 
Derivative [Line Items]
 
 
Notional amounts of outstanding derivative contracts
65 
43 
Diesel Fuel Contracts [Member]
 
 
Derivative [Line Items]
 
 
Notional amounts of outstanding derivative contracts
$ 23 
$ 14 
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 27, 2015
Sep. 27, 2015
Assets:
 
 
Total short-term investments
$ 116.4 
$ 81.3 
Available-for-sale securities
366.9 
312.5 
Total Assets
2,851.6 
2,029.4 
Liabilities:
 
 
Total Liabilities
41.7 
33.7 
Cash and Cash Equivalents [Member]
 
 
Assets:
 
 
Cash and cash equivalents
2,263.5 
1,530.1 
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
46.8 
15.5 
Trading securities
69.6 
65.8 
Total short-term investments
116.4 
81.3 
Prepaid Expenses and Other Current Assets [Member]
 
 
Assets:
 
 
Derivative assets
54.7 
50.8 
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
366.9 
312.5 
Other Long-Term Assets [Member]
 
 
Assets:
 
 
Derivative assets
50.1 
54.7 
Accrued Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
27.5 
19.2 
Other Long-Term Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
14.2 
14.5 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
 
 
Assets:
 
 
Total Assets
2,486.3 
1,700.7 
Liabilities:
 
 
Total Liabilities
6.5 
3.6 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Cash and Cash Equivalents [Member]
 
 
Assets:
 
 
Cash and cash equivalents
2,263.5 
1,530.1 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
6.6 
0 
Trading securities
69.6 
65.8 
Total short-term investments
76.2 
65.8 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Prepaid Expenses and Other Current Assets [Member]
 
 
Assets:
 
 
Derivative assets
0 
0 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
146.6 
104.8 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Other Long-Term Assets [Member]
 
 
Assets:
 
 
Derivative assets
0 
0 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Accrued Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
6.5 
3.6 
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Other Long-Term Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
0 
0 
Significant Other Observable Inputs (Level 2) [Member]
 
 
Assets:
 
 
Total Assets
359.6 
322.8 
Liabilities:
 
 
Total Liabilities
35.2 
30.1 
Significant Other Observable Inputs (Level 2) [Member] |
Cash and Cash Equivalents [Member]
 
 
Assets:
 
 
Cash and cash equivalents
0 
0 
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
40.2 
15.5 
Trading securities
0 
0 
Total short-term investments
40.2 
15.5 
Significant Other Observable Inputs (Level 2) [Member] |
Prepaid Expenses and Other Current Assets [Member]
 
 
Assets:
 
 
Derivative assets
54.7 
50.8 
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
214.6 
201.8 
Significant Other Observable Inputs (Level 2) [Member] |
Other Long-Term Assets [Member]
 
 
Assets:
 
 
Derivative assets
50.1 
54.7 
Significant Other Observable Inputs (Level 2) [Member] |
Accrued Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
21.0 
15.6 
Significant Other Observable Inputs (Level 2) [Member] |
Other Long-Term Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
14.2 
14.5 
Significant Unobservable Inputs (Level 3) [Member]
 
 
Assets:
 
 
Total Assets
5.7 
5.9 
Liabilities:
 
 
Total Liabilities
0 
0 
Significant Unobservable Inputs (Level 3) [Member] |
Cash and Cash Equivalents [Member]
 
 
Assets:
 
 
Cash and cash equivalents
0 
0 
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Trading securities
0 
0 
Total short-term investments
0 
0 
Significant Unobservable Inputs (Level 3) [Member] |
Prepaid Expenses and Other Current Assets [Member]
 
 
Assets:
 
 
Derivative assets
0 
0 
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
5.7 
5.9 
Significant Unobservable Inputs (Level 3) [Member] |
Other Long-Term Assets [Member]
 
 
Assets:
 
 
Derivative assets
0 
0 
Significant Unobservable Inputs (Level 3) [Member] |
Accrued Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
0 
0 
Significant Unobservable Inputs (Level 3) [Member] |
Other Long-Term Liabilities [Member]
 
 
Liabilities:
 
 
Derivative liabilities
0 
0 
Corporate Debt Securities [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
5.6 
10.2 
Corporate Debt Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
138.4 
121.8 
Corporate Debt Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Corporate Debt Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Corporate Debt Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
5.6 
10.2 
Corporate Debt Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
138.4 
121.8 
Corporate Debt Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Corporate Debt Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Equity Securities [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
28.6 
 
Equity Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
 
Equity Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
28.6 
 
Equity Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
 
Foreign Government Obligations [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
6.0 
2.0 
Foreign Government Obligations [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
14.5 
18.5 
Foreign Government Obligations [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Foreign Government Obligations [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Foreign Government Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
6.0 
2.0 
Foreign Government Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
14.5 
18.5 
Foreign Government Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Foreign Government Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
U.S. Government Treasury Securities [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
6.6 
 
U.S. Government Treasury Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
146.6 
104.8 
U.S. Government Treasury Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
6.6 
 
U.S. Government Treasury Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
146.6 
104.8 
U.S. Government Treasury Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
 
U.S. Government Treasury Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
U.S. Government Treasury Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
 
U.S. Government Treasury Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Agency Obligations [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
4.8 
8.6 
Agency Obligations [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Agency Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
4.8 
8.6 
Agency Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Auction Rate Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
5.7 
5.9 
Auction Rate Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Auction Rate Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Auction Rate Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
5.7 
5.9 
State and Local Government Obligations [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
3.3 
State and Local Government Obligations [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
8.6 
9.7 
State and Local Government Obligations [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
State and Local Government Obligations [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
State and Local Government Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
3.3 
State and Local Government Obligations [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
8.6 
9.7 
State and Local Government Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Short-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
 
0 
State and Local Government Obligations [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Mortgage and Other Asset-backed Securities [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
48.3 
43.2 
Mortgage and Other Asset-backed Securities [Member] |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
0 
0 
Mortgage and Other Asset-backed Securities [Member] |
Significant Other Observable Inputs (Level 2) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
48.3 
43.2 
Mortgage and Other Asset-backed Securities [Member] |
Significant Unobservable Inputs (Level 3) [Member] |
Long-term Investments [Member]
 
 
Assets:
 
 
Available-for-sale securities
$ 0 
$ 0 
Inventories (Narrative) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Price-to-be-fixed Contract [Member]
 
Inventory [Line Items]
 
Amount of coffee committed to be purchased
$ 353 
Fixed Price Contract [Member]
 
Inventory [Line Items]
 
Amount of coffee committed to be purchased
701 
Future [Member] |
Price-to-be-fixed Contract [Member]
 
Inventory [Line Items]
 
Notional amounts of outstanding derivative contracts
$ 28 
Inventories (Components of Inventory) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 27, 2015
Sep. 27, 2015
Dec. 28, 2014
Inventory Disclosure [Abstract]
 
 
 
Unroasted coffee
$ 559.2 
$ 529.4 
$ 414.2 
Roasted coffee
256.6 
279.7 
227.2 
Other merchandise held for sale
270.8 
318.3 
230.2 
Packaging and other supplies
156.0 
179.0 
146.7 
Total
$ 1,242.6 
$ 1,306.4 
$ 1,018.3 
Supplemental Balance Sheet Information (Property, Plant And Equipment, net) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 27, 2015
Sep. 27, 2015
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
$ 9,788.3 
$ 9,641.8 
Accumulated depreciation
(5,665.8)
(5,553.5)
Property, plant and equipment, net
4,122.5 
4,088.3 
Land [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
46.6 
46.6 
Buildings [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
415.1 
411.5 
Leasehold Improvements [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
5,471.5 
5,409.6 
Store Equipment [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
1,763.6 
1,707.5 
Roasting Equipment [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
548.3 
542.4 
Furniture, Fixtures and Other [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
1,275.0 
1,281.7 
Work in Progress [Member]
 
 
Property, Plant and Equipment [Line Items]
 
 
Property, plant and equipment, gross
$ 268.2 
$ 242.5 
Supplemental Balance Sheet Information (Accrued Liabilities) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 27, 2015
Sep. 27, 2015
Balance Sheet Related Disclosures [Abstract]
 
 
Accrued compensation and related costs
$ 461.9 
$ 522.3 
Accrued occupancy costs
145.0 
137.2 
Accrued taxes
236.0 
259.0 
Accrued dividends payable
297.1 
297.0 
Other
546.0 
539.8 
Total accrued liabilities
$ 1,686.0 
$ 1,755.3 
Debt Debt (Narrative) (Details)
3 Months Ended
Dec. 27, 2015
Long-term debt covenant compliance
The indentures under which the above notes were issued also require us to maintain compliance with certain covenants, including limits on future liens and sale and leaseback transactions on certain material properties. As of December 27, 2015, we were in compliance with all applicable covenants.  
Debt Debt (Summary of long-term debt maturities) (Details) (USD $)
In Millions, unless otherwise specified
Dec. 27, 2015
Sep. 27, 2015
Debt Disclosure [Abstract]
 
 
2016
$ 0 
 
2017
400.0 
 
2018
0 
 
2019
350.0 
 
2020
0 
 
Thereafter
1,600.0 
 
Total
$ 2,350.0 
$ 2,350.0 
Equity (Narrative) (Details) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 0 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Sep. 27, 2015
Apr. 9, 2015
Common Stock [Member]
Apr. 9, 2015
Common Stock [Member]
Class of Stock [Line Items]
 
 
 
 
 
Stock split conversion ratio
 
 
 
2 
 
Par value of common stock
$ 0.001 
 
$ 0.001 
 
$ 0.001 
Authorized shares of common stock
2,400,000,000 
 
2,400,000,000 
 
 
Authorized shares of preferred stock
7,500,000 
 
 
 
 
Outstanding shares of preferred stock
0 
 
 
 
 
Shares of common stock repurchased
4,500,000 
5,600,000 
 
 
 
Total cost of common stock repurchased
$ 267.1 
$ 216.1 
 
 
 
Shares available for repurchase
48,300,000 
 
 
 
 
Cash dividend declared to shareholders
$ 0.20 
 
 
 
 
Dividends payable, payment date
Feb. 19, 2016 
 
 
 
 
Dividends payable, record date
Feb. 04, 2016 
 
 
 
 
Equity (Changes In Total Equity) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Beginning balance of total equity
$ 5,819.8 
$ 5,273.7 
Net earnings including noncontrolling interests
687.7 
984.5 
Translation adjustment, net of reclassifications and tax
(24.4)
(138.3)
Unrealized gains/(losses), net of reclassifications and tax
(1.3)
(15.8)
Other comprehensive income/(loss)
(25.7)
(154.1)
Stock-based compensation expense
57.9 
52.5 
Exercise of stock options/vesting of RSUs
7.8 
40.2 
Sale of common stock
0.1 
5.5 
Repurchase of common stock
(267.1)
(216.1)
Cash dividends declared
(297.1)
(239.5)
Noncontrolling interest resulting from acquisition
0 
411.1 
Ending balance of total equity
5,983.4 
6,157.8 
Parent [Member]
 
 
Beginning balance of total equity
5,818.0 
5,272.0 
Net earnings including noncontrolling interests
687.6 
983.1 
Translation adjustment, net of reclassifications and tax
(24.4)
(106.5)
Unrealized gains/(losses), net of reclassifications and tax
(1.3)
(15.8)
Other comprehensive income/(loss)
(25.7)
(122.3)
Stock-based compensation expense
57.9 
52.5 
Exercise of stock options/vesting of RSUs
7.8 
40.2 
Sale of common stock
0.1 
5.5 
Repurchase of common stock
(267.1)
(216.1)
Cash dividends declared
(297.1)
(239.5)
Noncontrolling interest resulting from acquisition
0 
0 
Ending balance of total equity
5,981.5 
5,775.4 
Noncontrolling Interest [Member]
 
 
Beginning balance of total equity
1.8 
1.7 
Net earnings including noncontrolling interests
0.1 
1.4 
Translation adjustment, net of reclassifications and tax
0 
(31.8)
Unrealized gains/(losses), net of reclassifications and tax
0 
0 
Other comprehensive income/(loss)
0 
(31.8)
Stock-based compensation expense
0 
0 
Exercise of stock options/vesting of RSUs
0 
0 
Sale of common stock
0 
0 
Repurchase of common stock
0 
0 
Cash dividends declared
0 
0 
Noncontrolling interest resulting from acquisition
0 
411.1 
Ending balance of total equity
$ 1.9 
$ 382.4 
Equity (Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
Net gains/(losses) in AOCI at beginning of period
$ (199.4)
 
Other comprehensive income/(loss)
(25.7)
(154.1)
Net gains/(losses) in AOCI at end of period
(225.1)
 
Parent [Member]
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
Net gains/(losses) in AOCI at beginning of period
(199.4)
25.3 
Net gains/(losses) recognized in OCI before reclassifications
(20.7)
(79.7)
Net (gains)/losses reclassified from AOCI to earnings
(5.0)
(42.6)
Other comprehensive income/(loss)
(25.7)
(122.3)
Net gains/(losses) in AOCI at end of period
(225.1)
(97.0)
Available-for-sale Securities [Member]
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
Net gains/(losses) in AOCI at beginning of period
(0.1)
(0.4)
Net gains/(losses) recognized in OCI before reclassifications
0.6 
(0.4)
Net (gains)/losses reclassified from AOCI to earnings
0.3 
(0.1)
Other comprehensive income/(loss)
0.9 
(0.5)
Net gains/(losses) in AOCI at end of period
0.8 
(0.9)
Cash Flow Hedging [Member]
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
Net gains/(losses) in AOCI at beginning of period
25.6 
46.3 
Net gains/(losses) recognized in OCI before reclassifications
3.1 
38.8 
Net (gains)/losses reclassified from AOCI to earnings
(5.3)
(52.2)
Other comprehensive income/(loss)
(2.2)
(13.4)
Net gains/(losses) in AOCI at end of period
23.4 
32.9 
Net Investment Hedging [Member]
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
Net gains/(losses) in AOCI at beginning of period
1.3 
3.2 
Net gains/(losses) recognized in OCI before reclassifications
0 
2.7 
Net (gains)/losses reclassified from AOCI to earnings
0 
(4.6)
Other comprehensive income/(loss)
0 
(1.9)
Net gains/(losses) in AOCI at end of period
1.3 
1.3 
Translation Adjustment [Member]
 
 
Accumulated Other Comprehensive Income (Loss) [Line Items]
 
 
Net gains/(losses) in AOCI at beginning of period
(226.2)
(23.8)
Net gains/(losses) recognized in OCI before reclassifications
(24.4)
(120.8)
Net (gains)/losses reclassified from AOCI to earnings
0 
14.3 
Other comprehensive income/(loss)
(24.4)
(106.5)
Net gains/(losses) in AOCI at end of period
$ (250.6)
$ (130.3)
Equity (Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Dec. 27, 2015
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 28, 2014
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 27, 2015
Net Investment Hedging [Member]
Dec. 28, 2014
Net Investment Hedging [Member]
Dec. 27, 2015
Net Investment Hedging [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 28, 2014
Net Investment Hedging [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 27, 2015
Translation Adjustment [Member]
Dec. 28, 2014
Translation Adjustment [Member]
Dec. 27, 2015
Translation Adjustment [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 28, 2014
Translation Adjustment [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 27, 2015
Interest Rate Contract [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 28, 2014
Interest Rate Contract [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 27, 2015
Cross-Currency Swap [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 28, 2014
Cross-Currency Swap [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 27, 2015
Foreign Currency Contract - Other [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 28, 2014
Foreign Currency Contract - Other [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 27, 2015
Foreign Currency and Coffee Contracts [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 28, 2014
Foreign Currency and Coffee Contracts [Member]
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification out of Accumulated Other Comprehensive Income [Member]
Dec. 28, 2014
Starbucks Coffee Japan Ltd Member
Sep. 28, 2014
Starbucks Coffee Japan Ltd Member
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts Reclassified from AOCI, Interest expense
$ (16.5)
$ (16.3)
 
 
 
 
 
 
 
 
 
 
$ 1.5 
$ 1.3 
 
 
 
 
 
 
 
 
Amounts Reclassified from AOCI, Interest income and other, net
8.1 
9.7 
 
 
 
 
 
 
 
 
0 1
(7.1)1
 
 
(1.8)
63.1 
 
 
 
 
 
 
Amounts Reclassified from AOCI, Revenues
5,373.5 
4,803.2 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3.1 
2.5 
 
 
 
 
Amounts Reclassified from AOCI, Cost of sales including occupancy costs
(2,186.2)
(1,991.2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5.3 
(0.2)
 
 
Gain resulting from acquisition of joint venture
0 
390.6 
 
 
 
 
0 2
7.2 2
 
 
0 1
(7.2)1
 
 
 
 
 
 
 
 
390.6 
 
Amounts Reclassified from AOCI, Total before tax
 
 
8.1 
59.6 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts Reclassified from AOCI, Tax (expense)/benefit
(361.9)
(315.0)
(2.8)
(17.1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amounts Reclassified from AOCI
 
 
$ 5.3 
$ 42.5 
$ 0 
$ (4.6)
 
 
$ 0 
$ 14.3 
 
 
 
 
 
 
 
 
 
 
 
 
Preexisting ownership percentage in Starbucks Japan
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
39.50% 
Employee Stock Plans (Narrative) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
0 Months Ended
Dec. 27, 2015
Sep. 27, 2015
Dec. 27, 2015
Stock Options and Restricted Stock Units [Member]
Dec. 27, 2015
Employee Stock Purchase Plan [Member]
Apr. 9, 2015
Common Stock [Member]
Apr. 9, 2015
Common Stock [Member]
Class of Stock [Line Items]
 
 
 
 
 
 
Stock split conversion ratio
 
 
 
 
2 
 
Common stock, par value
$ 0.001 
$ 0.001 
 
 
 
$ 0.001 
Statement [Line Items]
 
 
 
 
 
 
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP
 
 
84.4 
14.2 
 
 
Employee Stock Plans (Stock-Based Compensation Expense Recognized in Consolidated Statement of Earnings) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
 
 
Stock-based compensation expense
$ 57.3 
$ 51.9 
Stock Options [Member]
 
 
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
 
 
Stock-based compensation expense
15.5 
12.5 
Restricted Stock Units (RSUs) [Member]
 
 
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
 
 
Stock-based compensation expense
$ 41.8 
$ 39.4 
Employee Stock Plans (Stock Option and RSU Transactions) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Stock Options [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
 
Options outstanding, September 27, 2015
33.6 
Granted, Stock Options
5.4 
Options exercised, Stock Options
(2.0)
Forfeited/expired, Stock Options
(0.4)
Options outstanding, December 27, 2015
36.6 
Total unrecognized stock-based compensation expense, net of estimated forfeitures, Stock Options
$ 63.9 
Restricted Stock Units (RSUs) [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
 
Nonvested RSUs, September 27, 2015, RSUs
10.7 
Granted, RSUs
3.8 
RSUs vested, RSUs
(4.6)
Forfeited/expired, RSUs
(0.5)
Nonvested RSUs, December 27, 2015, RSUs
9.4 
Total unrecognized stock-based compensation expense, net of estimated forfeitures, RSUs
$ 234.0 
Earnings Per Share (Narrative) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 0 Months Ended
Dec. 27, 2015
Sep. 27, 2015
Dec. 27, 2015
Stock Options [Member]
Dec. 28, 2014
Stock Options [Member]
Apr. 9, 2015
Common Stock [Member]
Apr. 9, 2015
Common Stock [Member]
Class of Stock [Line Items]
 
 
 
 
 
 
Stock split conversion ratio
 
 
 
 
2 
 
Common stock, par value
$ 0.001 
$ 0.001 
 
 
 
$ 0.001 
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
 
 
 
 
 
 
Out-of-the-money stock options
 
 
2.4 
7.8 
 
 
Earnings Per Share (Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Earnings Per Share [Abstract]
 
 
Net earnings attributable to Starbucks
$ 687.6 
$ 983.1 
Weighted average common shares outstanding (for basic calculation)
1,485.9 
1,498.8 
Dilutive effect of outstanding common stock options and RSUs
17.4 
18.0 
Weighted average common and common equivalent shares outstanding (for diluted calculation)
1,503.3 
1,516.8 
EPS - basic
$ 0.46 
$ 0.66 
EPS - diluted
$ 0.46 
$ 0.65 
Segment Reporting (Financial Information For Reportable Operating Segments And All Other Segments) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Segment Reporting Information [Line Items]
 
 
Total net revenues
$ 5,373.5 
$ 4,803.2 
Depreciation and amortization expenses
235.5 
206.0 
Income from equity investees
64.1 
52.8 
Operating income
1,058.0 
915.5 
Operating Segments [Member]
 
 
Segment Reporting Information [Line Items]
 
 
Total net revenues
5,373.5 
4,803.2 
Depreciation and amortization expenses
198.7 
173.6 
Income from equity investees
64.1 
52.8 
Operating income
1,309.0 
1,143.5 
Operating Segments [Member] |
Americas [Member]
 
 
Segment Reporting Information [Line Items]
 
 
Total net revenues
3,726.2 
3,366.9 
Depreciation and amortization expenses
140.8 
127.1 
Income from equity investees
0 
0 
Operating income
934.6 
817.5 
Operating Segments [Member] |
China / Asia Pacific [Member]
 
 
Segment Reporting Information [Line Items]
 
 
Total net revenues
653.6 
495.8 
Depreciation and amortization expenses
42.1 
28.1 
Income from equity investees
31.2 
32.7 
Operating income
127.1 
108.3 
Operating Segments [Member] |
EMEA [Member]
 
 
Segment Reporting Information [Line Items]
 
 
Total net revenues
313.0 
333.3 
Depreciation and amortization expenses
11.5 
13.8 
Income from equity investees
1.2 
0.2 
Operating income
48.1 
50.0 
Operating Segments [Member] |
Channel Development [Member]
 
 
Segment Reporting Information [Line Items]
 
 
Total net revenues
512.1 
442.6 
Depreciation and amortization expenses
0.7 
0.6 
Income from equity investees
31.7 
19.9 
Operating income
193.3 
157.5 
Operating Segments [Member] |
All Other Segments [Member]
 
 
Segment Reporting Information [Line Items]
 
 
Total net revenues
168.6 
164.6 
Depreciation and amortization expenses
3.6 
4.0 
Income from equity investees
0 
0 
Operating income
$ 5.9 
$ 10.2 
Segment Reporting (Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Dec. 27, 2015
Dec. 28, 2014
Operating income
$ 1,058.0 
$ 915.5 
Gain resulting from acquisition of joint venture
0 
390.6 
Interest income and other, net
8.1 
9.7 
Interest expense
(16.5)
(16.3)
Earnings before income taxes
1,049.6 
1,299.5 
Operating Segments [Member]
 
 
Operating income
1,309.0 
1,143.5 
Corporate, Non-Segment [Member]
 
 
Operating income
$ (251.0)
$ (228.0)