STARBUCKS CORP, 10-Q filed on 4/30/2019
Quarterly Report
v3.19.1
Document And Entity Information - shares
shares in Millions
6 Months Ended
Mar. 31, 2019
Apr. 24, 2019
Document And Entity Information [Abstract]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Mar. 31, 2019  
Document Fiscal Year Focus 2019  
Document Fiscal Period Focus Q2  
Trading Symbol SBUX  
Entity Central Index Key 0000829224  
Current Fiscal Year End Date --09-29  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Common Stock, Shares Outstanding   1,211.2
Entity Registrant Name Starbucks Corporation  
v3.19.1
Condensed Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Revenues $ 6,305.9 $ 6,031.8 $ 12,938.7 $ 12,105.5
Cost of sales including occupancy costs 2,603.8 2,514.7 5,362.5 5,016.4
Store operating expenses 1,949.6 1,789.6 3,942.6 3,526.5
Other operating expenses 82.3 120.8 175.6 250.3
Depreciation and amortization expenses 356.2 331.6 689.6 590.4
General and administrative expenses 475.6 420.6 938.9 813.1
Restructuring, Settlement and Impairment Provisions 43.0 134.7 86.2 162.3
Total operating expenses 5,510.5 5,312.0 11,195.4 10,359.0
Income from equity investees 62.3 52.7 130.1 142.1
Operating income 857.7 772.5 1,873.4 1,888.6
Gain resulting from acquisition of joint venture 0.0 47.6 0.0 1,373.9
Gain (Loss) on Disposition of Business 21.0 (4.9) 21.0 496.3
Interest income and other, net 15.2 35.5 39.9 123.7
Interest expense (73.9) (35.1) (148.9) (61.0)
Earnings before income taxes 820.0 815.6 1,785.4 3,821.5
Income Tax Expense (Benefit) 161.2 155.8 366.4 911.6
Net earnings including noncontrolling interests 658.8 659.8 1,419.0 2,909.9
Net earnings/(loss) attributable to noncontrolling interests (4.4) (0.3) (4.6) (0.4)
Net earnings attributable to Starbucks $ 663.2 $ 660.1 $ 1,423.6 $ 2,910.3
Earnings per share - basic $ 0.54 $ 0.47 $ 1.15 $ 2.07
Earnings per share - diluted $ 0.53 $ 0.47 $ 1.14 $ 2.05
Weighted average shares outstanding:        
Basic 1,239.2 1,394.9 1,240.6 1,407.9
Diluted 1,250.7 1,406.6 1,252.1 1,420.5
Cash dividends declared per share $ 0.360 $ 0.300 $ 0.720 $ 0.600
Company-operated stores [Member]        
Revenues $ 5,159.0 $ 4,828.0 $ 10,529.3 $ 9,569.8
Licensed stores [Member]        
Revenues 678.2 625.6 1,415.3 1,308.0
Product and Service, Other [Member]        
Revenues $ 468.7 $ 578.2 $ 994.1 $ 1,227.7
v3.19.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Net earnings including noncontrolling interests $ 658.8 $ 659.8 $ 1,419.0 $ 2,909.9
Other comprehensive loss, net of tax:        
Other comprehensive income/(loss) 71.7 158.2 58.8 188.5
Comprehensive income including noncontrolling interests 730.5 818.0 1,477.8 3,098.4
Comprehensive income/(loss) attributable to noncontrolling interests (4.4) (0.3) (4.6) (0.4)
Comprehensive income attributable to Starbucks 734.9 818.3 1,482.4 3,098.8
Available-for-sale Securities [Member]        
Other comprehensive loss, net of tax:        
Unrealized holding gains/(losses) on available-for-sale securities, before tax 3.7 (3.3) 5.9 (6.0)
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit (0.8) 0.7 (1.3) 1.7
Cash Flow Hedging [Member]        
Other comprehensive loss, net of tax:        
Unrealized gains/(losses) on hedging instruments, before tax (12.4) (43.1) (21.5) (45.4)
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit 3.5 8.8 5.3 9.2
Net Investment Hedging [Member]        
Other comprehensive loss, net of tax:        
Unrealized gains/(losses) on hedging instruments, before tax 2.9 (43.9) (19.0) (44.2)
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit (0.7) 11.1 4.9 11.1
Translation Adjustment [Member]        
Other comprehensive loss, net of tax:        
Translation adjustment and other, before tax 78.3 179.2 79.9 211.6
Translation adjustment and other, tax (expense)/benefit 1.4 (0.7) 1.4 2.2
Other comprehensive income/(loss) 79.7 202.6 81.3 230.7
Reclassification out of Accumulated Other Comprehensive Income [Member]        
Other comprehensive loss, net of tax:        
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, before tax (5.8) 55.3 2.3 55.5
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit) $ 1.6 $ (5.9) $ 0.9 $ (7.2)
v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 2,055.1 $ 8,756.3
Short-term investments 76.6 181.5
Accounts receivable, net 703.6 693.1
Inventories 1,443.0 1,400.5
Prepaid expenses and other current assets 674.0 1,462.8
Total current assets 4,952.3 12,494.2
Long-term investments 251.9 267.7
Equity Method Investments 309.3 334.7
Property, plant and equipment, net 6,135.5 5,929.1
Deferred income taxes, net 1,006.6 134.7
Other long-term assets 464.5 412.2
Other intangible assets 918.3 1,042.2
Goodwill 3,603.5 3,541.6
TOTAL ASSETS 17,641.9 24,156.4
Current liabilities:    
Accounts payable 1,096.7 1,179.3
Accrued liabilities 2,569.3 2,298.4
Insurance reserves 221.0 213.7
Deferred Revenue, Current 1,311.4 1,642.9
Short-term Debt 75.0 0.0
Current portion of long-term debt 0.0 349.9
Total current liabilities 5,273.4 5,684.2
Long-term debt 9,141.5 9,090.2
Deferred Revenue, Noncurrent 6,761.9 6,775.7
Deferred Tax and Other Liabilities, Noncurrent 1,500.3 1,430.5
Total liabilities 22,677.1 22,980.6
Shareholders' equity:    
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,457.2 shares and 1,460.5 shares, respectively 1.2 1.3
Additional paid-in capital 41.1 41.1
Retained earnings (4,807.7) 1,457.4
Accumulated other comprehensive loss (271.5) (330.3)
Total shareholders' equity (5,036.9) 1,169.5
Noncontrolling interests 1.7 6.3
Total equity (5,035.2) 1,175.8
TOTAL LIABILITIES AND EQUITY $ 17,641.9 $ 24,156.4
v3.19.1
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares
Mar. 31, 2019
Sep. 30, 2018
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 1,210,000,000 1,309,100,000
Common stock, shares outstanding 1,210,000,000 1,309,100,000
v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Repayments of Long-term Debt $ 350.0 $ 0.0
OPERATING ACTIVITIES:    
Net earnings including noncontrolling interests 1,419.0 2,909.9
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 723.5 617.6
Deferred income taxes, net (714.5) 732.6
Income earned from equity method investees (108.2) (107.4)
Distributions received from equity method investees 93.3 144.3
Gain resulting from acquisition of joint venture 0.0 (1,373.9)
Gain resulting from divestiture of certain retail operations (21.0) (496.3)
Stock-based compensation 192.1 116.5
Goodwill impairments 5.4 28.5
Other Noncash Income (Expense) 91.1 1.3
Cash provided by changes in operating assets and liabilities:    
Accounts receivable 9.8 5.2
Inventories (51.0) 10.3
Prepaid expenses and other current assets (774.6) 677.7
Accounts payable (83.4) 25.5
Deferred revenue 9.4 163.7
Other operating assets and liabilities (429.3) (188.4)
Net cash provided by operating activities 2,769.4 2,288.5
INVESTING ACTIVITIES:    
Purchases of investments (150.2) (52.0)
Sales of investments 218.3 388.7
Maturities and calls of investments 55.1 26.5
Additions to property, plant and equipment (845.6) (896.7)
Acquistion of equity in joint venture, net of cash acquired 0.0 (1,311.3)
Proceeds from sale of equity in joint venture 48.5 608.2
Other (37.1) (2.3)
Net cash used by investing activities (711.0) (1,238.9)
FINANCING ACTIVITIES:    
Proceeds from Issuance of Commercial Paper 75.0 0.0
Proceeds from issuance of long-term debt 0.0 2,596.5
Proceeds from issuance of common stock 275.7 106.3
Cash dividends paid (894.5) (847.9)
Repurchase of common stock (7,827.9) (3,192.1)
Minimum tax withholdings on share-based awards (56.3) (57.6)
Other 0.1 (17.7)
Net cash used by financing activities (8,777.9) (1,412.5)
Effect of exchange rate changes on cash and cash equivalents 18.3 42.6
Net increase/(decrease) in cash and cash equivalents (6,701.2) (320.3)
CASH AND CASH EQUIVALENTS:    
Beginning of period 8,756.3 2,462.3
End of period 2,055.1 2,142.0
Cash paid during the period for:    
Interest, net of capitalized interest 132.7 47.7
Income taxes, net of refunds $ (168.8) $ 723.4
v3.19.1
Condensed Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Parent [Member]
Noncontrolling Interest [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ 5,457.0 $ 1.4 $ 41.1 $ 5,563.2 $ (155.6) $ 5,450.1 $ 6.9
Cash dividends declared per share $ 0.600            
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 2,909.9 0.0 0.0 2,910.3 0.0 2,910.3 (0.4)
Other comprehensive income/(loss) 188.5       188.5 188.5 0.0
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition 118.0 0.0 118.0 0.0 0.0 118.0 0.0
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 33.4 0.0 33.4 0.0 0.0 33.4 0.0
Stock Issued During Period, Value, Employee Stock Purchase Plan 15.3 0.0 15.3 0.0 0.0 15.3 0.0
Stock Repurchased and Retired During Period, Value (3,171.4) (166.7) (3,004.7) 0.0 (3,171.4) 0.0
Dividends, Cash (833.0) 0.0 0.0 (833.0) 0.0 (833.0) 0.0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ 5,758.9 1.4 41.1 5,834.9 (125.3) 5,752.1 6.8
Cash dividends declared per share $ 0.300            
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 659.8 0.0 0.0 660.1 0.0 660.1 (0.3)
Other comprehensive income/(loss) 158.2 0.0 0.0 0.0 158.2 158.2 0.0
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition 55.8 0.0 55.8 0.0 0.0 55.8 0.0
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 42.5 0.0 42.5 0.0 0.0 42.5 0.0
Stock Issued During Period, Value, Employee Stock Purchase Plan 7.9 0.0 7.9 0.0 0.0 7.9 0.0
Stock Repurchased and Retired During Period, Value (1,553.2) (106.2) (1,447.0) 0.0 (1,553.2) 0.0
Dividends, Cash (412.2) 0.0 0.0 (412.2) 0.0 (412.2) 0.0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4,717.7 1.4 41.1 4,635.8 32.9 4,711.2 6.5
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ 1,175.8 1.3 41.1 1,457.4 (330.3) 1,169.5 6.3
Cash dividends declared per share $ 0.720            
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 1,419.0 0.0 0.0 1,423.6 0.0 1,423.6 (4.6)
Other comprehensive income/(loss) 58.8       58.8 58.8 0.0
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition 194.0 0.0 194.0 0.0 0.0 194.0 0.0
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 203.0 0.0 203.0 0.0 0.0 203.0 0.0
Stock Issued During Period, Value, Employee Stock Purchase Plan 16.4 0.0 16.4 0.0 0.0 16.4 0.0
Stock Repurchased and Retired During Period, Value (7,713.2) (0.1) (413.4) (7,299.7) 0.0 (7,713.2) 0.0
Dividends, Cash (884.6) 0.0 0.0 (884.6) 0.0 (884.6) 0.0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ (2,878.8) 1.2 41.1 (2,584.0) (343.2) (2,884.9) 6.1
Cash dividends declared per share $ 0.360            
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 658.8 0.0 0.0 663.2 0.0 663.2 (4.4)
Other comprehensive income/(loss) 71.7 0.0 0.0 0.0 71.7 71.7 0.0
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition 96.0 0.0 96.0 0.0 0.0 96.0 0.0
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 158.0 0.0 158.0 0.0 0.0 158.0 0.0
Stock Issued During Period, Value, Employee Stock Purchase Plan 8.3 0.0 8.3 0.0 0.0 8.3 0.0
Stock Repurchased and Retired During Period, Value (2,713.2) 0.0 (262.3) (2,450.9) 0.0 (2,713.2) 0.0
Dividends, Cash (436.0) 0.0 0.0 (436.0) 0.0 (436.0) 0.0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (5,035.2) 1.2 41.1 (4,807.7) (271.5) (5,036.9) 1.7
Cumulative Effect of New Accounting Principle in Period of Adoption $ 495.6 $ 0.0 $ 0.0 $ 495.6 $ 0.0 $ 495.6 $ 0.0
v3.19.1
Summary of Significant Accounting Policies
6 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Summary Of Significant Accounting Policies Summary of Significant Accounting Policies
Financial Statement Preparation
The unaudited condensed consolidated financial statements as of March 31, 2019, and for the quarter and two quarters ended March 31, 2019 and April 1, 2018, have been prepared by Starbucks Corporation under the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial information for the quarter and two quarters ended March 31, 2019 and April 1, 2018 reflects all adjustments and accruals, which are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods. In this Quarterly Report on Form 10-Q (“10-Q”), Starbucks Corporation is referred to as “Starbucks,” the “Company,” “we,” “us” or “our.”
Certain prior period information on the condensed consolidated statements of cash flows has been reclassified to conform to the current year presentation.
The financial information as of September 30, 2018 is derived from our audited consolidated financial statements and notes for the fiscal year ended September 30, 2018 (“fiscal 2018”) included in Item 8 in the Fiscal 2018 Annual Report on Form 10-K (the “10-K”). The information included in this 10-Q should be read in conjunction with the footnotes and management’s discussion and analysis of the consolidated financial statements in the 10-K.
The results of operations for the quarter and two quarters ended March 31, 2019 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending September 29, 2019 (“fiscal 2019”).
Recent Accounting Pronouncements
Recently Adopted Accounting Pronouncements
In the first quarter of fiscal 2019, we adopted the Financial Accounting Standards Board (“FASB”) issued guidance on the accounting for income tax effects of intercompany sales or transfers of assets other than inventory. The guidance requires entities to recognize the income tax impact of an intra-entity sale or transfer of an asset other than inventory when the sale or transfer occurs, rather than when the asset has been sold to an outside party. The primary impact of the adoption was an increase to deferred income taxes, net of $227.6 million and a corresponding cumulative adjustment to opening retained earnings at the beginning of fiscal 2019.
In the first quarter of fiscal 2019, we adopted the new guidance on revenue recognition utilizing the modified retrospective method, which primarily changed the accounting method and classification of revenue recognition related to unredeemed stored value cards, referred to as stored value card breakage. Under this new guidance, expected breakage amounts must be recognized proportionately in earnings as redemptions occur. Previously, stored value card breakage was recorded to interest income and other, net utilizing the remote method. Starting in the first quarter of 2019, stored value card breakage was recorded in the revenue lines where stored value cards may be redeemed—primarily company-operated and licensed store revenues. The cumulative impact to retained earnings as of October 1, 2018 was $268.0 million.
Impact of adoption on our consolidated balance sheet at September 30, 2018:
(in millions)
As reported
Sep 30, 2018
 
Revenue Recognition Adoption Impact
 
Adjusted
Oct 1, 2018
Deferred income taxes, net
$
134.7

 
$
(11.0
)
 
$
123.7

Current liabilities:
 
 
 
 
 
Stored value card liability and current portion of deferred revenue
1,642.9

 
(422.0
)
 
1,220.9

Deferred revenue
6,775.7

 
64.0

 
6,839.7

Other long-term liabilities
1,430.5

 
79.0

 
1,509.5

Shareholders' equity:
 
 
 
 
 
Retained earnings
1,457.4

 
268.0

 
1,725.4


Due to the adoption, we began classifying stored value card liabilities as current and long-term deferred revenue.
See Note 2, Revenue Recognition, for further discussion of classification of impacts of the adoption.
Recent Accounting Pronouncements Not Yet Adopted
In February 2018, the FASB issued guidance on the reclassification of certain tax effects from accumulated other comprehensive income (“AOCI”). The guidance permits entities to reclassify the stranded tax effects resulting from the Tax Cuts and Jobs Act (the “Tax Act”) from AOCI to retained earnings. The guidance will be effective at the beginning of our first quarter of fiscal 2020 but permits adoption in an earlier period. The guidance may be applied in the period of adoption or retrospectively to each period in which the effect of the change related to the Tax Act was recognized. We do not expect a material impact upon adoption of this guidance.
In August 2017, the FASB amended its guidance on the accounting for hedging relationships. The new guidance eliminates the requirement to separately measure and report hedge ineffectiveness, expands permissible cash flow hedges on contractually specified components, and simplifies hedge documentation and effectiveness assessment. The guidance will be effective at the beginning of our first quarter of fiscal 2020 and will require a modified retrospective approach on existing cash flow and net investment hedges. The presentation and disclosure requirements will be applied prospectively. We do not expect this guidance to have a material impact to our consolidated financial statements and may elect to adopt during the second half of fiscal 2019.
In February 2016, the FASB issued guidance on the recognition and measurement of leases. Under the new guidance, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. The guidance retains the current accounting for lessors and does not make significant changes to the recognition, measurement, and presentation of expenses and cash flows by a lessee. Enhanced disclosures will also be required to give financial statement users the ability to assess the amount, timing and uncertainty of cash flows arising from leases. The guidance will be effective at the beginning of our first quarter of fiscal 2020, with optional practical expedients. As permitted by the alternative method issued by the FASB, we will be applying the guidance at the beginning of the year of adoption. We are currently evaluating the impact this guidance will have on our consolidated financial statements. We expect this adoption will result in a material increase in the assets and liabilities on our consolidated balance sheets but will likely have an insignificant impact on our consolidated statements of earnings. In preparation for the adoption of the guidance, we are in the process of implementing controls and key system changes to enable the preparation of financial information.
Revision of Previously Issued Financial Statements
We have revised our condensed consolidated statement of comprehensive income and the related footnotes for the quarter and two quarters ended April 1, 2018 to reflect the correction of an immaterial error primarily related to the reclassification of gains and losses resulting from cash flow hedges from accumulated other comprehensive income to net income. Total other comprehensive income was not changed.
v3.19.1
Revenue Recognition
6 Months Ended
Mar. 31, 2019
Revenue Recognition [Abstract]  
Revenue Recognition, Policy [Policy Text Block] The following significant revenue recognition accounting policies from our most recent Annual Report on Form 10-K have been restated to reflect the adoption of the new guidance.
Consolidated revenues are presented net of intercompany eliminations for wholly-owned subsidiaries and investees controlled by us and for product sales to and royalty and other fees from licensees accounted for under the equity method. Additionally, consolidated revenues are recognized net of any discounts, returns, allowances and sales incentives, including coupon redemptions and rebates.
Company-operated Store Revenues
Company-operated store revenues are recognized when payment is tendered at the point of sale as the performance obligation has been satisfied. Company-operated store revenues are reported excluding sales, use or other transaction taxes that are collected from customers and remitted to taxing authorities.
Licensed Store Revenues
Licensed store revenues consist of product and equipment sales, royalties and other fees paid by licensees to use the Starbucks brand and for services such as training and design. Sales of coffee, tea, food and related products are generally recognized upon shipment to licensees, depending on contract terms. Shipping charges billed to licensees are also recognized as revenue, and the related shipping costs are included in cost of sales including occupancy costs on our condensed consolidated statements of earnings.
Initial nonrefundable pre-opening service fees, including site selection and evaluation, store development and design and operational training, are recognized upon completion of services. Royalty revenues are recognized based upon a percentage of reported sales, and other continuing fees, such as marketing and service fees, are recognized as the performance obligations are met.
Stored Value Cards
Stored value cards can be activated through various channels, including at our company-operated and most licensed store locations, online at Starbucks.com or via mobile devices held by our customers, and at certain other third-party websites and locations, such as grocery stores, although they cannot be reloaded at these third-party websites or locations. Amounts loaded onto stored value cards are initially recorded as deferred revenue and recognized as revenue upon redemption. Historically, the majority of stored value cards are redeemed within one year.
In many of our company-owned markets, including the U.S., our stored value cards do not have an expiration date nor do we charge service fees that cause a decrement to customer balances. Based on historical redemption rates, a portion of stored value cards is not expected to be redeemed and will be recognized as breakage over time in proportion to stored value card redemptions. The redemption rates are based on historical redemption patterns for each market, including the timing and business channel in which the card was activated, and unclaimed property laws, if applicable.
Breakage is recognized as company-operated stores and licensed stores revenue within the condensed consolidated statement of earnings. For the quarter and two quarters ended March 31, 2019, we recognized breakage revenue of $37.5 million and $72.3 million in company-operated store revenues and $4.7 million and $9.3 million in licensed store revenues, respectively. Prior to fiscal 2019, breakage was recorded using the remote method and recorded in interest income and other, net. There were no material impacts to the financial results for the quarter and two quarters ended March 31, 2019, respectively, including the change in income statement presentation.
Loyalty Program
Customers in the U.S., Canada, and certain other countries who register their Starbucks Card are automatically enrolled in the Starbucks® Rewards program, which is primarily a spend-based loyalty program. They earn loyalty points (“Stars”) with each purchase at participating Starbucks® stores and when making purchases with the Starbucks-branded credit and debit cards. After accumulating a certain number of Stars, the customer earns a reward that can be redeemed for free product that, regardless of where the related Stars were earned within that country, will be honored at company-operated stores and certain participating licensed store locations in that same country.
We defer revenue associated with the estimated selling price of Stars earned by Starbucks® Rewards members towards free product as each Star is earned and a corresponding liability is established in deferred revenue. This deferral is based on the estimated value of the product for which the reward is expected to be redeemed, net of estimated unredeemed Stars. Stars generally expire after six months.
When a customer redeems an earned reward, we recognize revenue for the redeemed product and reduce the related deferred revenue. The new guidance does not impact the timing or total revenue recognized related to the loyalty program.
Other Revenues
Other revenues primarily include royalty revenues, sales of packaged coffee, tea and a variety of ready-to-drink beverages and single-serve coffee and tea products to customers outside of our company-operated and licensed stores. Sales of these products are generally recognized upon shipment to customers, depending on contract terms.
Beginning in late fiscal 2018, other revenues also include product sales to and licensing revenue from Nestlé related to our Global Coffee Alliance. Product sales to Nestlé are generally recognized when the product is shipped whereas royalty revenues are recognized based on a percentage of reported sales.
The timing and amount of revenue recognized related to other revenues were not impacted by the adoption of new guidance.
Deferred Revenues
In the fourth quarter of fiscal 2018, we licensed the rights to sell and market our products in authorized channels to Nestlé, or the “Global Coffee Alliance,” and also received an upfront prepaid royalty. The upfront payment of approximately $7 billion was recorded as deferred revenue as we have continuing performance obligations to support the Global Coffee Alliance, including providing Nestlé access to certain intellectual properties and products for future resale. The upfront payment will be recognized as other revenue on a straight-line basis over the estimated economic life of the arrangement of 40 years. At March 31, 2019, the current and long-term deferred revenue related to the Nestlé upfront payment was $174.0 million and $6.7 billion, respectively.
Additionally, deferred revenues include our unredeemed stored value card liability and unredeemed Stars associated with our loyalty program. The beginning balances of fiscal 2019 current and long-term deferred revenue related to our stored value card and loyalty program were $906.6 million and $64.0 million, respectively. The balance of current and long-term deferred revenue related to our stored value card and loyalty program was $1.1 billion and $73.6 million, respectively, as of March 31, 2019.
Disaggregation of Revenues
Revenues disaggregated by segment, product type and geographic area are disclosed in Note 15, Segment Reporting.
v3.19.1
Acquisitions and Divestitures
6 Months Ended
Mar. 31, 2019
Business Combinations [Abstract]  
Acquisitions and Divestitures
Acquisitions, Divestitures and Strategic Alliance
Fiscal 2019
In the second quarter of fiscal 2019, we sold our company-operated retail businesses in France and the Netherlands to Alsea, S.A.B. de C.V. converting these operations to fully licensed markets. These transactions did not have a material impact to our condensed consolidated financial statements.
Fiscal 2018
We entered into an agreement on May 6, 2018 to establish the Global Coffee Alliance with Nestlé. On August 26, 2018, we licensed the rights to market, sell and distribute Starbucks consumer packaged goods and foodservice products in authorized channels to Nestlé. We received an upfront payment of approximately $7 billion consisting primarily of prepaid royalties which was recorded as current and long-term deferred revenue. See Note 2, Revenue Recognition, for the accounting treatment.
On March 23, 2018, we sold our company-operated retail business in Brazil to SouthRock converting these operations to a fully licensed market. This transaction did not have a material impact to our condensed consolidated financial statements.
On December 31, 2017, we acquired the remaining 50% interest of our East China joint venture (“East China”) from President Chain Store (Hong Kong) Holding Ltd. and Kai Yu (BVI) collectively, “Uni-President Group” or “UPG”, for approximately $1.4 billion and resulted in a total gain of $1.4 billion that is not subject to income tax, and was presented as gain resulting from acquisition of joint venture on our condensed consolidated statements of earnings in fiscal 2018.
Concurrently, with the purchase of our East China joint venture, we sold our 50% interest in President Starbucks Coffee Taiwan Limited, our joint venture operations in Taiwan, to UPG for approximately $181.2 million. The transaction resulted in a pre-tax gain of $156.6 million which was included in net gain resulting from divestiture of certain operations on our condensed consolidated statements of earnings.
v3.19.1
Derivative Financial Instruments
6 Months Ended
Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Interest Rates
We are subject to interest rate volatility relating to our debt issuances. From time to time, we enter into swap agreements and treasury locks to manage our exposure to interest rate fluctuations.
To hedge the variability in cash flows due to changes in benchmark interest rates, we enter into interest rate swap agreements and treasury locks related to anticipated debt issuances. These agreements are cash settled at the time of the pricing of the related debt. The effective portion of the derivative's gain or loss is recorded in accumulated other comprehensive income (“AOCI”) and is subsequently reclassified to interest expense over the life of the related debt.
To hedge the exposure to changes in the fair value of our fixed-rate debt, we enter into interest rate swap agreements, which are designated as fair value hedges. The changes in fair values of these derivative instruments and the offsetting changes in fair values of the underlying hedged debt are recorded in interest expense and have an insignificant impact on our condensed consolidated statements of earnings. Refer to Note 9, Debt, for additional information on our long-term debt.
Foreign Currency
To reduce cash flow volatility from foreign currency fluctuations, we enter into forward and swap contracts to hedge portions of cash flows of anticipated intercompany royalty payments, inventory purchases, and intercompany borrowing and lending activities. The effective portion of the derivative's gain or loss is recorded in AOCI and is subsequently reclassified to revenue, cost of sales including occupancy costs, or interest income and other, net, respectively, when the hedged exposure affects net earnings.  
From time to time, we enter into forward contracts or use foreign currency-denominated debt to hedge the currency exposure of our net investment in certain international operations. The effective portion of these instruments' gain or loss is recorded in AOCI and is subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated.
Foreign currency forward and swap contracts not designated as hedging instruments are used to mitigate the foreign exchange risk of certain other balance sheet items. Gains and losses from these derivatives are largely offset by the financial impact of
translating foreign currency denominated payables and receivables; these gains and losses are recorded in interest income and other, net.
Commodities
Depending on market conditions, we may enter into coffee futures contracts and collars (the combination of a purchased call option and a sold put option) to hedge a portion of anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 6, Inventories. The effective portion of each derivative's gain or loss is recorded in AOCI and is subsequently reclassified to cost of sales including occupancy costs when the hedged exposure affects net earnings.
To mitigate the price uncertainty of a portion of our future purchases, primarily of dairy products, diesel fuel and other commodities, we enter into swap contracts, futures and collars that are not designated as hedging instruments. Gains and losses from these derivatives are recorded in interest income and other, net to help offset price fluctuations on our beverage, food, packaging and transportation costs, which are included in cost of sales including occupancy costs on our consolidated statements of earnings.
Gains and losses on derivative contracts and foreign currency-denominated debt designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
 
Net Gains/(Losses)
Included in AOCI
 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
 
Outstanding Contract/Debt Remaining Maturity
(Months)
 
Mar 31,
2019
 
Sep 30,
2018
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
(0.2
)
 
$
24.7

 
$
4.3

 
119
Cross-currency swaps
(6.3
)
 
(12.6
)
 

 
68
Foreign currency - other
10.8

 
5.8

 
6.2

 
35
Coffee

 
(0.2
)
 

 
0
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
16.0

 
16.0

 

 
0
Foreign currency debt
(10.5
)
 
3.6

 

 
60

Pretax gains and losses on derivative contracts and foreign-denominated long-term debt designated as hedging instruments recognized in other comprehensive income (“OCI”) and reclassifications from AOCI to earnings (in millions):
 
Quarter Ended
 
Two Quarters Ended
 
Gains/(Losses)
Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from
AOCI to Earnings
 
Gains/(Losses)
Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from
AOCI to Earnings
 
Mar 31,
2019
 
Apr 1,
2018
 
Mar 31,
2019
 
Apr 1,
2018
 
Mar 31,
2019
 
Apr 1,
2018
 
Mar 31,
2019
 
Apr 1,
2018
Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rates
$
(14.9
)
 
$
(3.2
)
 
$
1.4

 
$
1.2

 
$
(30.6
)
 
$
(3.2
)
 
$
2.8

 
$
2.4

Cross-currency swaps
5.4

 
(33.7
)
 
1.3

 
(26.1
)
 
(2.6
)
 
(36.1
)
 
(10.4
)
 
(26.6
)
Foreign currency - other
(2.9
)
 
(6.2
)
 
3.0

 
(3.5
)
 
11.7

 
(6.1
)
 
4.9

 
(4.9
)
Coffee

 

 
(0.1
)
 
(2.1
)
 

 

 
(0.3
)
 
(6.8
)
Net Investment Hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency

 

 

 

 

 
(0.1
)
 

 

Foreign currency debt
2.9

 
(43.9
)
 

 

 
(19.0
)
 
(44.1
)
 

 


Pretax gains and losses on non-designated derivatives and designated fair value hedging instruments recognized in earnings (in millions):
 
Gains/(Losses) Recognized in Earnings
 
Quarter Ended
 
Two Quarters Ended
 
Mar 31, 2019
 
Apr 1, 2018
 
Mar 31, 2019
 
Apr 1, 2018
Non-Designated Derivatives:
 
 
 
 
 
 
 
Foreign currency - other
$
0.5

 
$
(4.8
)
 
$
(7.4
)
 
$
(1.1
)
Dairy
(0.1
)
 
0.1

 
(2.2
)
 
(2.0
)
Diesel fuel and other commodities
1.9

 
(0.5
)
 
(4.7
)
 
0.9

Designated Fair Value Hedging Instruments:
 
 
 
 
 
 
 
Interest rate swap
11.6

 
(15.9
)
 
28.5

 
(23.4
)

Notional amounts of outstanding derivative contracts (in millions):
 
Mar 31, 2019
 
Sep 30, 2018
Interest rate swap
$
1,250

 
$
750

Cross-currency swaps
373

 
434

Foreign currency - other
1,157

 
914

Dairy
7

 
16

Diesel fuel and other commodities
35

 
21


Fair value of outstanding derivative contracts (in millions):
 
Derivative Assets
 
Derivative Liabilities
 
Mar 31, 2019
 
Sep 30, 2018
 
Mar 31, 2019
 
Sep 30, 2018
Designated Derivative Instruments:
 
 
 
 
 
 
 
Interest rates
$

 
$

 
$
30.5

 
$

Cross-currency swaps
3.1

 
5.8

 
9.3

 
9.3

Foreign currency - other
16.5

 
13.6

 
1.2

 
5.3

Interest rate swap

 

 
4.5

 
32.5

Non-designated Derivative Instruments:
 
 
 
 
 
 
 
Foreign currency
10.2

 
13.7

 
7.4

 
2.5

Dairy
0.2

 
0.2

 

 
0.1

Diesel fuel and other commodities
0.7

 
1.6

 
3.4

 
0.3


Additional disclosures related to cash flow gains and losses included in AOCI, as well as subsequent reclassifications to earnings, are included in Note 10, Equity.
v3.19.1
Fair Value Measurements
6 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Assets and liabilities measured at fair value on a recurring basis (in millions):

 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at
March 31, 2019
 
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
$
2,055.1

 
$
2,055.1

 
$

 
$

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale debt securities
 
 
 
 
 
 
 
Commercial paper
0.2

 

 
0.2

 

Corporate debt securities
4.8

 

 
4.8

 

Foreign government obligations
3.7

 

 
3.7

 

Mortgage and other asset-backed securities
3.3

 

 
3.3

 

Total available-for-sale debt securities
12.0

 

 
12.0

 

Marketable equity securities
64.6

 
64.6

 

 

Total short-term investments
76.6

 
64.6

 
12.0

 

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
19.9

 
0.2

 
19.7

 

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale debt securities
 
 
 
 
 
 
 
Agency obligations
6.0

 

 
6.0

 

Corporate debt securities
119.0

 

 
119.0

 

Auction rate securities
5.7

 

 

 
5.7

U.S. government treasury securities
109.7

 
109.7

 

 

State and local government obligations
4.9

 

 
4.9

 

Mortgage and other asset-backed securities
6.6

 

 
6.6

 

Total long-term investments
251.9

 
109.7

 
136.5

 
5.7

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
10.8

 

 
10.8

 

Total assets
$
2,414.3

 
$
2,229.6

 
$
179.0

 
$
5.7

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
11.8

 
$
1.4

 
$
10.4

 
$

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
44.5

 

 
44.5

 

Total liabilities
$
56.3

 
$
1.4

 
$
54.9

 
$



 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at September 30, 2018
 
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
$
8,756.3

 
$
8,756.3

 
$

 
$

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale debt securities
 
 
 
 
 
 
 
Commercial paper
8.4

 

 
8.4

 

Corporate debt securities
91.8

 

 
91.8

 

Mortgage and other asset-backed securities
6.0

 

 
6.0

 

Total available-for-sale debt securities
106.2

 

 
106.2

 

Marketable equity securities
75.3

 
75.3

 

 

Total short-term investments
181.5

 
75.3

 
106.2

 

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
24.5

 
1.2

 
23.3

 

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale debt securities
 
 
 
 
 
 
 
Agency obligations
5.9

 

 
5.9

 

Corporate debt securities
114.5

 

 
114.5

 

Auction rate securities
5.9

 

 

 
5.9

Foreign government obligations
3.6

 

 
3.6

 

U.S. government treasury securities
108.1

 
108.1

 

 

State and local government obligations
4.8

 

 
4.8

 

Mortgage and other asset-backed securities
24.9

 

 
24.9

 

Total long-term investments
267.7

 
108.1

 
153.7

 
5.9

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
10.4

 

 
10.4

 

Total assets
$
9,240.4

 
$
8,940.9

 
$
293.6

 
$
5.9

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
6.5

 
$
0.4

 
$
6.1

 
$

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
43.5

 

 
43.5

 

Total liabilities
$
50.0

 
$
0.4

 
$
49.6

 
$


There were no material transfers between levels, and there was no significant activity within Level 3 instruments during the periods presented. The fair values of any financial instruments presented above exclude the impact of netting assets and liabilities when a legally enforceable master netting agreement exists.
Gross unrealized holding gains and losses on available-for-sale debt securities and marketable equity securities were not material as of March 31, 2019 and September 30, 2018.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets and liabilities recognized or disclosed at fair value on the condensed consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, goodwill and other intangible assets and other assets. These assets are measured at fair value if determined to be impaired.
The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 9, Debt. There were no material fair value adjustments during the quarter and two quarters ended March 31, 2019 and April 1, 2018.
v3.19.1
Inventories
6 Months Ended
Mar. 31, 2019
Inventory Disclosure [Abstract]  
Inventories
Inventories (in millions):
 
Mar 31, 2019
 
Sep 30, 2018
Coffee:
 
 
 
Unroasted
$
648.9

 
$
588.6

Roasted
270.7

 
281.2

Other merchandise held for sale
248.3

 
273.1

Packaging and other supplies
275.1

 
257.6

Total
$
1,443.0

 
$
1,400.5

Other merchandise held for sale includes, among other items, serveware, food and tea. Inventory levels vary due to seasonality, commodity market supply and price fluctuations.
As of March 31, 2019, we had committed to purchasing green coffee totaling $1.0 billion under fixed-price contracts and an estimated $278 million under price-to-be-fixed contracts. As of March 31, 2019, none of our price-to-be-fixed contracts were effectively fixed through the use of futures contracts. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period, and other negotiated terms are agreed upon, but the date, and therefore the price, at which the base “C” coffee commodity price component will be fixed has not yet been established. For most contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. For other contracts, Starbucks and the seller may agree upon pricing parameters determined by the base “C” coffee commodity price. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on relationships established with our suppliers in the past, the risk of non-delivery on these purchase commitments is remote.
v3.19.1
Supplemental Balance Sheet Information
6 Months Ended
Mar. 31, 2019
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Information Supplemental Balance Sheet Information (in millions):

Prepaid Expenses and Other Current Assets
 
Mar 31, 2019
 
Sep 30, 2018
Income tax receivable
$
196.4

 
$
955.4

Other prepaid expenses and current assets
477.6

 
507.4

Total prepaid expenses and current assets
$
674.0

 
$
1,462.8



Property, Plant and Equipment, net
 
Mar 31, 2019
 
Sep 30, 2018
Land
$
46.8

 
$
46.8

Buildings
617.4

 
557.3

Leasehold improvements
7,608.2

 
7,372.8

Store equipment
2,511.3

 
2,400.2

Roasting equipment
689.9

 
658.8

Furniture, fixtures and other
1,710.8

 
1,659.3

Work in progress
482.8

 
501.9

Property, plant and equipment, gross
13,667.2

 
13,197.1

Accumulated depreciation
(7,531.7
)
 
(7,268.0
)
Property, plant and equipment, net
$
6,135.5

 
$
5,929.1



Accrued Liabilities
 
Mar 31, 2019
 
Sep 30, 2018
Accrued compensation and related costs
$
540.7

 
$
656.8

Accrued occupancy costs
190.7

 
164.2

Accrued taxes
785.2

 
286.6

Accrued dividends payable
435.6

 
445.4

Accrued capital and other operating expenditures
617.1

 
745.4

Total accrued liabilities
$
2,569.3

 
$
2,298.4

v3.19.1
Other Intangible Assets and Goodwill
6 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block] Other Intangible Assets and Goodwill

Indefinite-lived intangible assets
(in millions)
Mar 31, 2019
 
Sep 30, 2018
Trade names, trademarks and patents
$
205.0

 
$
215.9

Other indefinite-lived intangible assets

 
15.1

Total indefinite-lived intangible assets
$
205.0

 
$
231.0



Finite-lived intangible assets
 
Mar 31, 2019
 
Sep 30, 2018
(in millions)
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Acquired and reacquired rights
$
1,110.3

 
$
(444.7
)
 
$
665.6

 
$
1,081.7

 
$
(320.1
)
 
$
761.6

Acquired trade secrets and processes
27.6

 
(17.9
)
 
9.7

 
27.6

 
(16.5
)
 
11.1

Trade names, trademarks and patents
37.2

 
(21.6
)
 
15.6

 
33.0

 
(19.5
)
 
13.5

Licensing agreements
14.6

 
(5.9
)
 
8.7

 
14.3

 
(5.1
)
 
9.2

Other finite-lived intangible assets
26.1

 
(12.4
)
 
13.7

 
25.6

 
(9.8
)
 
15.8

Total finite-lived intangible assets
$
1,215.8

 
$
(502.5
)
 
$
713.3

 
$
1,182.2

 
$
(371.0
)
 
$
811.2


Amortization expense for finite-lived intangible assets was $68.7 million and $123.1 million for the quarter and two quarters ended March 31, 2019 and $58.8 million and $72.8 million for the quarter and two quarters ended April 1, 2018, respectively.
Estimated future amortization expense as of March 31, 2019 (in millions):
Fiscal Year Ending
 
2019 (excluding the two quarters ended March 31, 2019)
$
111.2

2020
222.2

2021
198.7

2022
170.1

2023
3.5

Thereafter
7.6

Total estimated future amortization expense
$
713.3



Goodwill
Changes in the carrying amount of goodwill by reportable operating segment (in millions):
 
Americas
 
China/Asia Pacific
 
EMEA
 
Channel
Development
 
Corporate and Other
 
Total
Goodwill balance at September 30, 2018
$
497.4

 
$
2,986.6

 
$
11.3

 
$
34.7

 
$
11.6

 
$
3,541.6

Impairment

 

 

 

 
(5.4
)
 
(5.4
)
Other
(0.9
)
 
68.1

 

 

 
0.1

 
67.3

Goodwill balance at March 31, 2019
$
496.5

 
$
3,054.7

 
$
11.3

 
$
34.7

 
$
6.3

 
$
3,603.5


“Other” primarily consists of changes in the goodwill balance resulting from foreign currency translation.
v3.19.1
Debt
6 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Debt Debt
Short-term Debt
Under our commercial paper program, we may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $3 billion, with individual maturities that may vary but not exceed 397 days from the date of issue. Amounts outstanding under the commercial paper program are required to be backstopped by available commitments under our credit facility. The proceeds from borrowings under our commercial paper program may be used for working capital needs, capital expenditures and other corporate purposes, including, but not limited to, business expansion, payment of cash dividends on our common stock and share repurchases. As of March 31, 2019, we had $75 million of borrowings outstanding under the program.
Long-term Debt
Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):
 
Mar 31, 2019
 
Sep 30, 2018
 
Stated Interest Rate
Effective Interest Rate (1)
Issuance
Amount
Estimated Fair Value
 
Amount
Estimated Fair Value
 
2018 notes
$

$

 
$
350.0

$
350

 
2.000
%
2.012
%
2020 notes
500.0

496

 
500.0

490

 
2.200
%
2.228
%
2021 notes
500.0

495

 
500.0

489

 
2.100
%
2.293
%
2021 notes
250.0

248

 
250.0

244

 
2.100
%
1.600
%
2022 notes
500.0

500

 
500.0

486

 
2.700
%
2.819
%
2023 notes (2)
750.0

780

 
750.0

759

 
3.850
%
2.859
%
2023 notes
1,000.0

1,010

 
1,000.0

986

 
3.100
%
3.107
%
2024 notes (3)
767.4

768

 
748.4

743

 
0.372
%
0.462
%
2025 notes
1,250.0

1,290

 
1,250.0

1,249

 
3.800
%
3.721
%
2026 notes
500.0

473

 
500.0

451

 
2.450
%
2.511
%
2028 notes
600.0

605

 
600.0

576

 
3.500
%
3.529
%
2028 notes
750.0

784

 
750.0

754

 
4.000
%
3.958
%
2045 notes
350.0

347

 
350.0

330

 
4.300
%
4.348
%
2047 notes
500.0

452

 
500.0

438

 
3.750
%
3.765
%
2048 notes
1,000.0

1,023

 
1,000.0

977

 
4.500
%
4.504
%
Total
9,217.4

9,271

 
9,548.4

9,322

 
 
 
Aggregate debt issuance costs and unamortized premium/(discount), net
(65.4
)
 
 
(69.3
)
 
 
 
 
Hedge accounting fair value adjustment (2)
(10.5
)
 
 
(39.0
)
 
 
 
 
Total
$
9,141.5

 
 
$
9,440.1

 
 
 
 
(1) 
Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.
(2) 
Amount represents the change in fair value due to changes in benchmark interest rates related to our 2023 notes. Refer to Note 4, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge.
(3) 
Japanese yen-denominated long-term debt.
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 March 31, 2019, we were in compliance with all applicable covenants.
The following table summarizes our long-term debt maturities as of March 31, 2019 by fiscal year (in millions):
Fiscal Year
Total
2020
$

2021
1,250.0

2022
500.0

2023
1,000.0

2024
1,517.4

Thereafter
4,950.0

Total
$
9,217.4

v3.19.1
Equity
6 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Equity Changes in AOCI by component, net of tax (in millions):
Quarter Ended
 Available-for-Sale Debt Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
March 31, 2019
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(2.9
)
 
$
17.5

 
$
3.3

 
$
(361.1
)
 
$
(343.2
)
Net gains/(losses) recognized in OCI before reclassifications
2.9

 
(8.9
)
 
2.2

 
79.7

 
75.9

Net (gains)/losses reclassified from AOCI to earnings
0.1

 
(4.3
)
 

 

 
(4.2
)
Other comprehensive income/(loss) attributable to Starbucks
3.0

 
(13.2
)
 
2.2

 
79.7

 
71.7

Net gains/(losses) in AOCI, end of period
$
0.1

 
$
4.3

 
$
5.5

 
$
(281.4
)
 
$
(271.5
)
 
 
 
 
 
 
 
 
 
 
April 1, 2018
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(3.0
)
 
$
(1.1
)
 
$
13.7

 
$
(134.9
)
 
$
(125.3
)
Net gains/(losses) recognized in OCI before reclassifications
(2.6
)
 
(34.3
)
 
(32.8
)
 
178.5

 
108.8

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

 
24.7

 

 
24.1

 
49.4

Other comprehensive income/(loss) attributable to Starbucks
(2.0
)
 
(9.6
)
 
(32.8
)
 
202.6

 
158.2

Net gains/(losses) in AOCI, end of period
$
(5.0
)
 
$
(10.7
)
 
$
(19.1
)
 
$
67.7

 
$
32.9

 
 
 
 
 
 
 
 
 
 
Two Quarters Ended
 Available-for-Sale Debt Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
March 31, 2019
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(4.9
)
 
$
17.7

 
$
19.6

 
$
(362.7
)
 
$
(330.3
)
Net gains/(losses) recognized in OCI before reclassifications
4.6

 
(16.2
)
 
(14.1
)
 
81.3

 
55.6

Net (gains)/losses reclassified from AOCI to earnings
0.4

 
2.8

 

 

 
3.2

Other comprehensive income/(loss) attributable to Starbucks
5.0

 
(13.4
)
 
(14.1
)
 
81.3

 
58.8

Net gains/(losses) in AOCI, end of period
$
0.1

 
$
4.3

 
$
5.5

 
$
(281.4
)
 
$
(271.5
)
 
 
 
 
 
 
 
 
 
 
April 1, 2018
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(2.5
)
 
$
(4.1
)
 
$
14.0

 
$
(163.0
)
 
$
(155.6
)
Net gains/(losses) recognized in OCI before reclassifications
(4.3
)
 
(36.2
)
 
(33.1
)
 
213.8

 
140.2

Net (gains)/losses reclassified from AOCI to earnings
1.8

 
29.6

 

 
16.9

 
48.3

Other comprehensive income/(loss) attributable to Starbucks
(2.5
)
 
(6.6
)
 
(33.1
)
 
230.7

 
188.5

Net gains/(losses) in AOCI, end of period
$
(5.0
)
 
$
(10.7
)
 
$
(19.1
)
 
$
67.7

 
$
32.9


Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
 
 
 
 
 
 
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Mar 31, 2019
 
Apr 1, 2018
 
Gains/(losses) on available-for-sale debt securities
 
$
0.2

 
$
(0.8
)
 
Interest income and other, net
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
1.4

 
1.2

 
Interest expense
Cross-currency swaps
 
1.3

 
(26.1
)
 
Interest income and other, net
Foreign currency hedges
 
1.3

 
(1.4
)
 
Revenues
Foreign currency/coffee hedges
 
1.6

 
(4.2
)
 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges
 

 

 
Interest income and other, net
Translation adjustment
 
 
 
 
 
 
Brazil
 

 
(24.1
)
 
Gain/(loss) resulting from divestiture of certain operations
Other
 

 
0.1

 
Interest income and other, net
 
 
5.8

 
(55.3
)
 
Total before tax
 
 
(1.6
)
 
5.9

 
Tax (expense)/benefit
 
 
$
4.2

 
$
(49.4
)
 
Net of tax
Two Quarters Ended
 
 
 
 
 
 
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Mar 31, 2019
 
Apr 1, 2018
 
Gains/(losses) on available-for-sale debt securities
 
$
0.7

 
$
(2.4
)
 
Interest income and other, net
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
2.8

 
2.4

 
Interest expense
Cross-currency swaps
 
(10.4
)
 
(26.6
)
 
Interest income and other, net
Foreign currency hedges
 
2.7

 
(1.8
)
 
Revenues
Foreign currency/coffee hedges
 
1.9

 
(9.9
)
 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges
 

 

 
Interest income and other, net
Translation adjustment
 
 
 
 
 
 
Brazil
 

 
(24.1
)
 
Gain/(loss) resulting from divestiture of certain operations
East China joint venture
 

 
7.2

 
Gain resulting from acquisition of joint venture
Taiwan joint venture
 

 
1.4

 
Gain/(loss) resulting from divestiture of certain operations
Other
 

 
(1.7
)
 
Interest income and other, net
 
 
(2.3
)
 
(55.5
)
 
Total before tax
 
 
(0.9
)
 
7.2

 
Tax (expense)/benefit
 
 
$
(3.2
)
 
$
(48.3
)
 
Net of tax


In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of March 31, 2019.
In September 2018, we entered into accelerated share repurchase agreements (“ASR agreements”) with third-party financial institutions totaling $5.0 billion, effective October 1, 2018. We made a $5.0 billion upfront payment to the financial institutions
and received an initial delivery of 72.0 million shares. In March 2019, we received an additional 4.9 million shares upon the completion of the program based on a volume-weighted average share price (less discount) of $65.03.
In March 2019, we entered into ASR agreements with third-party financial institutions totaling $2.0 billion, effective March 22, 2019. We made a $2.0 billion upfront payment to the financial institutions and received an initial delivery of 22.2 million shares of our common stock, which approximated 80 percent of the total value based on our share price of $71.96 at the inception of the agreement. Upon completion, the total shares repurchased will be based on the volume-weighted average share price during the term of the ASR agreements less an applicable discount. The financial institutions may be required to deliver additional shares or, under certain circumstances, we may elect to deliver shares or make a cash payment to the financial institutions. Final settlement is expected to be completed no later than June 2019.
Outside of the ASR agreements noted above, we repurchased 10.2 million shares of common stock for $713.2 million on the open market during the two quarters ended March 31, 2019. In connection with the ASR agreements and other open market transactions, we repurchased 109.3 million shares of common stock at a total cost of $7.7 billion for the two quarters ended March 31, 2019. During the same period of fiscal 2018, we repurchased 55.9 million shares at a total cost of $3.2 billion. In the first quarter 2019, we announced that our Board of Directors approved an increase of 120 million shares to our ongoing share repurchase program. As of March 31, 2019, 59.5 million shares remained available for repurchase under current authorizations.
During the second quarter of fiscal 2019, our Board of Directors declared a quarterly cash dividend to shareholders of $0.36 per share to be paid on May 24, 2019 to shareholders of record as of the close of business on May 9, 2019.
v3.19.1
Employee Stock Plans
6 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Employee Stock Plans Employee Stock Plans
As of March 31, 2019, there were 50.5 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 12.5 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
 
Two Quarters Ended
 
Mar 31, 2019
 
Apr 1, 2018
 
Mar 31, 2019
 
Apr 1, 2018
Options
$
7.2

 
$
7.0

 
$
15.5

 
$
21.2

Restricted Stock Units (“RSUs”)
87.7

 
48.1

 
176.6

 
95.3

Total stock-based compensation expense
$
94.9

 
$
55.1

 
$
192.1

 
$
116.5


Stock option and RSU transactions from September 30, 2018 through March 31, 2019 (in millions):
 
 
Stock Options
 
RSUs
Options outstanding/Nonvested RSUs, September 30, 2018
27.3

 
11.2

Granted
0.5

 
4.4

Options exercised/RSUs vested
(8.1
)
 
(2.7
)
Forfeited/expired
(0.5
)
 
(1.3
)
Options outstanding/Nonvested RSUs, March 31, 2019
19.2

 
11.6

Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 31, 2019
$
9.3

 
$
274.0

v3.19.1
Income Taxes
6 Months Ended
Mar. 31, 2019
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our interim tax provision is determined using an estimated annual effective tax rate and adjusted for discrete taxable events that may occur during the quarter. We recognize the effects of tax legislation in the period in which the law is enacted. Our deferred tax assets and liabilities are remeasured using enacted tax rates expected to apply to taxable income in the years we estimate the related temporary differences to reverse.
On December 22, 2017, the President of the United States signed and enacted comprehensive tax legislation into law H.R. 1, commonly referred to as the Tax Act. Except for certain provisions, the Tax Act is effective for tax years beginning on or after January 1, 2018. The tax rate for fiscal 2019 and future years was reduced to 21% from our blended 24.5% in fiscal 2018. In the first quarter of fiscal 2019 the measurement period related to the Tax Act concluded, which resulted in immaterial adjustments to our provisional estimates.
In the first quarter of fiscal 2019, we revised our indefinite reinvestment assertions for prior years' earnings from certain foreign subsidiaries. This change did not have a material impact to our financial results. In foreign subsidiaries in which we are partially indefinitely reinvested, the gross taxable temporary difference between its accounting basis and tax basis is approximately $1.3 billion, for which there could be up to approximately $300 million of unrecognized tax liability.
While the Tax Act provides for a modified territorial tax system, global intangible low-taxed income (“GILTI”) provisions are applied providing an incremental tax on foreign income. We have made an accounting policy election to treat taxes due under the GILTI provision as a current period expense.
v3.19.1
Earnings Per Share
6 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings per Share
Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
 
Quarter Ended
 
Two Quarters Ended
 
Mar 31, 2019
 
Apr 1, 2018
 
Mar 31, 2019
 
Apr 1, 2018
Net earnings attributable to Starbucks
$
663.2

 
$
660.1

 
$
1,423.6

 
$
2,910.3

Weighted average common shares outstanding (for basic calculation)
1,239.2

 
1,394.9

 
1,240.6

 
1,407.9

Dilutive effect of outstanding common stock options and RSUs
11.5

 
11.7

 
11.5

 
12.6

Weighted average common and common equivalent shares outstanding (for diluted calculation)
1,250.7

 
1,406.6

 
1,252.1

 
1,420.5

EPS — basic
$
0.54

 
$
0.47

 
$
1.15

 
$
2.07

EPS — diluted
$
0.53

 
$
0.47

 
$
1.14

 
$
2.05


Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and nonvested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes out-of-the-money stock options (i.e., such options’ exercise prices were greater than the average market price of our common shares for the period) because their inclusion would have been antidilutive. As of March 31, 2019, we had no out-of-the-money stock options, compared to 4.8 million as of April 1, 2018.
v3.19.1
Commitments and Contingencies
6 Months Ended
Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block] Commitments and Contingencies
Legal Proceedings
On April 13, 2010, an organization named Council for Education and Research on Toxics (“Plaintiff”) filed a lawsuit in the Superior Court of the State of California, County of Los Angeles, against the Company and certain other defendants who manufacture, package, distribute or sell brewed coffee. The lawsuit is Council for Education and Research on Toxics v. Starbucks Corporation, et al.. On May 9, 2011, the Plaintiff filed an additional lawsuit in the Superior Court of the State of California, County of Los Angeles, against the Company and additional defendants who manufacture, package, distribute or sell packaged coffee. The lawsuit is Council for Education and Research on Toxics v. Brad Barry LLC, et al.. Both cases have since been consolidated and now include nearly eighty defendants, which constitute the great majority of the coffee industry in California. Plaintiff alleges that the Company and the other defendants failed to provide warnings for their coffee products of exposure to the chemical acrylamide as required under California Health and Safety Code section 25249.5, the California Safe Drinking Water and Toxic Enforcement Act of 1986, better known as Proposition 65. Plaintiff seeks equitable relief, including providing warnings to consumers of coffee products, as well as civil penalties in the amount of the statutory maximum of two thousand five hundred dollars per day per violation of Proposition 65. The Plaintiff asserts that every consumed cup of coffee, absent a compliant warning, is equivalent to a violation under Proposition 65.
The Company, as part of a joint defense group organized to defend against the lawsuit, disputes the claims of the Plaintiff. Acrylamide is not added to coffee, but is present in all coffee in small amounts (parts per billion) as a byproduct of the coffee bean roasting process. The Company has asserted multiple affirmative defenses. Trial of the first phase of the case commenced on September 8, 2014, and was limited to three affirmative defenses shared by all defendants. On September 1, 2015, the trial court issued a final ruling adverse to defendants on all Phase 1 defenses. Trial of the second phase of the case commenced in the fall of 2017. On May 7, 2018, the trial court issued a ruling adverse to defendants on the Phase 2 defense, the Company's last remaining defense to liability. On June 22, 2018, the California Office of Environmental Health Hazard Assessment (OEHHA) proposed a new regulation clarifying that cancer warnings are not required for coffee under Proposition 65. The case was set to proceed to a third phase trial on damages, remedies and attorneys' fees on October 15, 2018. However, on October 12, 2018, the California Court of Appeal granted the defendants request for a stay of the Phase 3 trial.
At this stage of the proceedings, Starbucks believes that the likelihood that the Company will ultimately incur a loss in connection with this litigation is reasonably possible rather than probable. Accordingly, no loss contingency was recorded for this matter. The outcome and the financial impact of the case to Starbucks, if any, cannot be predicted.
Starbucks is party to various other legal proceedings arising in the ordinary course of business, including certain employment litigation cases that have been certified as class or collective actions, but, except as noted above, is not currently a party to any legal proceeding that management believes could have a material adverse effect on our consolidated financial position, results of operations or cash flows.
v3.19.1
Segment Reporting
6 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Segment information is prepared on the same basis that our ceo, who is our chief operating decision maker, manages the segments, evaluates financial results and makes key operating decisions.
Consolidated revenue mix by product type (in millions):
 
Quarter Ended
 
Two Quarters Ended
 
Mar 31, 2019
 
Apr 1, 2018(1)
 
Mar 31, 2019
 
Apr 1, 2018(1)
Beverage
$
3,760.4

 
60
%
 
$
3,519.8

 
58
%
 
$
7,688.3

 
60
%
 
$
6,933.8

 
57
%
Food
1,157.9

 
18
%
 
1,067.1

 
18
%
 
2,344.3

 
18
%
 
2,115.4

 
17
%
Other(2)
1,387.6

 
22
%
 
1,444.9

 
24
%
 
2,906.1

 
22
%
 
3,056.3

 
26
%
Total
$
6,305.9

 
100
%
 
$
6,031.8

 
100
%
 
$
12,938.7

 
100
%
 
$
12,105.5

 
100
%
(1) Prior period amounts have not been restated and continue to be reported under accounting standards in effect for that period.
(2) “Other” primarily consists of royalty and licensing revenues, packaged and single-serve coffees and teas, beverage-related ingredients, serveware, and ready-to-drink beverages, among other items.
The table below presents financial information for our reportable operating segments and Corporate and Other segment (in millions):
Quarter Ended
 
Americas
 
China/
Asia Pacific
 
EMEA
 
Channel
Development
 
Corporate and Other
 
Total
March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
4,305.9

 
$
1,289.1

 
$
227.5

 
$
446.6

 
$
36.8

 
$
6,305.9

Depreciation and amortization expenses
170.7

 
121.4

 
6.9

 
12.3

 
44.9

 
356.2

Income from equity investees

 
22.1

 

 
40.2

 

 
62.3

Operating income/(loss)
899.0

 
231.7

 
(2.8
)
 
149.0

 
(419.2
)
 
857.7

 
 
 
 
 
 
 
 
 
 
 
 
April 1, 2018
 
 
 
 
 
 
 
 
 
 
 
Total net revenues(1)
$
3,996.3

 
$
1,186.4

 
$
251.0

 
$
562.6

 
$
35.5

 
$
6,031.8

Depreciation and amortization expenses
160.4

 
121.6

 
8.0

 
0.3

 
41.3

 
331.6

Income from equity investees

 
16.7

 

 
36.0

 

 
52.7

Operating income/(loss)
801.3

 
204.6

 
(10.9
)
 
234.0

 
(456.5
)
 
772.5

(1) Prior period amounts have not been restated and continue to be reported under the accounting standards in effect for that period.
Two Quarters Ended
 
Americas
 
China/
Asia Pacific
 
EMEA
 
Channel
Development
 
Corporate and Other
 
Total
March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
8,912.0

 
$
2,516.5

 
$
493.8

 
$
951.1

 
$
65.3

 
$
12,938.7

Depreciation and amortization expenses
336.4

 
238.2

 
14.7

 
12.4

 
87.9

 
689.6

Income from equity investees

 
48.5

 

 
81.6

 

 
130.1

Operating income/(loss)
1,910.8

 
453.1

 
24.2

 
324.6

 
(839.3
)
 
1,873.4

 
 
 
 
 
 
 
 
 
 
 
 
April 1, 2018
 
 
 
 
 
 
 
 
 
 
 
Total net revenues(1)
$
8,253.9

 
$
2,030.0

 
$
519.0

 
$
1,190.6

 
$
112.0

 
$
12,105.5

Depreciation and amortization expenses
318.4

 
175.3

 
15.5

 
0.9

 
80.3

 
590.4

Income from equity investees

 
67.5

 

 
74.6

 

 
142.1

Operating income/(loss)
1,779.0

 
401.4

 
21.4

 
503.4

 
(816.6
)
 
1,888.6

(1) Prior period amounts have not been restated and continue to be reported under the accounting standards in effect for that period.

Lease exit costs associated with our restructuring efforts, primarily related to the closure of TeavanaTM/MC retail stores and certain Starbucks® company-operated stores, are recognized concurrently with actual store closures. These expenses are primarily recorded within Corporate and Other and Americas. Total lease exit costs are expected to be approximately $202.5 million of which $20.5 million and $29.0 million were recorded within restructuring and impairments on the consolidated statement of earnings in the quarter and two quarters ended March 31, 2019, respectively. In fiscal year 2018, $100.9 million and $117.5 million of lease exit costs were recorded within restructuring and impairments for the quarter and two quarters ended April 1, 2018, respectively. Previous lease exit costs recorded within restructuring expenses for fiscal 2018 and 2017 totaled $135.0 million.
v3.19.1
Summary of Significant Accounting Policies (Policies)
6 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Recent Accounting Pronouncements Recent Accounting Pronouncements
Recently Adopted Accounting Pronouncements
In the first quarter of fiscal 2019, we adopted the Financial Accounting Standards Board (“FASB”) issued guidance on the accounting for income tax effects of intercompany sales or transfers of assets other than inventory. The guidance requires entities to recognize the income tax impact of an intra-entity sale or transfer of an asset other than inventory when the sale or transfer occurs, rather than when the asset has been sold to an outside party. The primary impact of the adoption was an increase to deferred income taxes, net of $227.6 million and a corresponding cumulative adjustment to opening retained earnings at the beginning of fiscal 2019.
In the first quarter of fiscal 2019, we adopted the new guidance on revenue recognition utilizing the modified retrospective method, which primarily changed the accounting method and classification of revenue recognition related to unredeemed stored value cards, referred to as stored value card breakage. Under this new guidance, expected breakage amounts must be recognized proportionately in earnings as redemptions occur. Previously, stored value card breakage was recorded to interest income and other, net utilizing the remote method. Starting in the first quarter of 2019, stored value card breakage was recorded in the revenue lines where stored value cards may be redeemed—primarily company-operated and licensed store revenues. The cumulative impact to retained earnings as of October 1, 2018 was $268.0 million.
Impact of adoption on our consolidated balance sheet at September 30, 2018:
(in millions)
As reported
Sep 30, 2018
 
Revenue Recognition Adoption Impact
 
Adjusted
Oct 1, 2018
Deferred income taxes, net
$
134.7

 
$
(11.0
)
 
$
123.7

Current liabilities:
 
 
 
 
 
Stored value card liability and current portion of deferred revenue
1,642.9

 
(422.0
)
 
1,220.9

Deferred revenue
6,775.7

 
64.0

 
6,839.7

Other long-term liabilities
1,430.5

 
79.0

 
1,509.5

Shareholders' equity:
 
 
 
 
 
Retained earnings
1,457.4

 
268.0

 
1,725.4


Due to the adoption, we began classifying stored value card liabilities as current and long-term deferred revenue.
See Note 2, Revenue Recognition, for further discussion of classification of impacts of the adoption.
Recent Accounting Pronouncements Not Yet Adopted
In February 2018, the FASB issued guidance on the reclassification of certain tax effects from accumulated other comprehensive income (“AOCI”). The guidance permits entities to reclassify the stranded tax effects resulting from the Tax Cuts and Jobs Act (the “Tax Act”) from AOCI to retained earnings. The guidance will be effective at the beginning of our first quarter of fiscal 2020 but permits adoption in an earlier period. The guidance may be applied in the period of adoption or retrospectively to each period in which the effect of the change related to the Tax Act was recognized. We do not expect a material impact upon adoption of this guidance.
In August 2017, the FASB amended its guidance on the accounting for hedging relationships. The new guidance eliminates the requirement to separately measure and report hedge ineffectiveness, expands permissible cash flow hedges on contractually specified components, and simplifies hedge documentation and effectiveness assessment. The guidance will be effective at the beginning of our first quarter of fiscal 2020 and will require a modified retrospective approach on existing cash flow and net investment hedges. The presentation and disclosure requirements will be applied prospectively. We do not expect this guidance to have a material impact to our consolidated financial statements and may elect to adopt during the second half of fiscal 2019.
In February 2016, the FASB issued guidance on the recognition and measurement of leases. Under the new guidance, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. The guidance retains the current accounting for lessors and does not make significant changes to the recognition, measurement, and presentation of expenses and cash flows by a lessee. Enhanced disclosures will also be required to give financial statement users the ability to assess the amount, timing and uncertainty of cash flows arising from leases. The guidance will be effective at the beginning of our first quarter of fiscal 2020, with optional practical expedients. As permitted by the alternative method issued by the FASB, we will be applying the guidance at the beginning of the year of adoption. We are currently evaluating the impact this guidance will have on our consolidated financial statements. We expect this adoption will result in a material increase in the assets and liabilities on our consolidated balance sheets but will likely have an insignificant impact on our consolidated statements of earnings. In preparation for the adoption of the guidance, we are in the process of implementing controls and key system changes to enable the preparation of financial information.
Revision of Previously Issued Financial Statements
We have revised our condensed consolidated statement of comprehensive income and the related footnotes for the quarter and two quarters ended April 1, 2018 to reflect the correction of an immaterial error primarily related to the reclassification of gains and losses resulting from cash flow hedges from accumulated other comprehensive income to net income. Total other comprehensive income was not changed.
v3.19.1
Summary of Significant Accounting Policies New Accounting Pronouncements or Change in Accounting Principle (Tables)
6 Months Ended
Mar. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
(in millions)
As reported
Sep 30, 2018
 
Revenue Recognition Adoption Impact
 
Adjusted
Oct 1, 2018
Deferred income taxes, net
$
134.7

 
$
(11.0
)
 
$
123.7

Current liabilities:
 
 
 
 
 
Stored value card liability and current portion of deferred revenue
1,642.9

 
(422.0
)
 
1,220.9

Deferred revenue
6,775.7

 
64.0

 
6,839.7

Other long-term liabilities
1,430.5

 
79.0

 
1,509.5

Shareholders' equity:
 
 
 
 
 
Retained earnings
1,457.4

 
268.0

 
1,725.4

v3.19.1
Derivative Financial Instruments (Tables)
6 Months Ended
Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Gains and Losses Included in AOCI and Expected to be Reclassified into Earnings in 12 Months, Net of Tax Gains and losses on derivative contracts and foreign currency-denominated debt designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
 
Net Gains/(Losses)
Included in AOCI
 
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
 
Outstanding Contract/Debt Remaining Maturity
(Months)
 
Mar 31,
2019
 
Sep 30,
2018
 
 
Cash Flow Hedges:
 
 
 
 
 
 
 
Interest rates
$
(0.2
)
 
$
24.7

 
$
4.3

 
119
Cross-currency swaps
(6.3
)
 
(12.6
)
 

 
68
Foreign currency - other
10.8

 
5.8

 
6.2

 
35
Coffee

 
(0.2
)
 

 
0
Net Investment Hedges:
 
 
 
 
 
 
 
Foreign currency
16.0

 
16.0

 

 
0
Foreign currency debt
(10.5
)
 
3.6

 

 
60
Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings Pretax gains and losses on derivative contracts and foreign-denominated long-term debt designated as hedging instruments recognized in other comprehensive income (“OCI”) and reclassifications from AOCI to earnings (in millions):
 
Quarter Ended
 
Two Quarters Ended
 
Gains/(Losses)
Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from
AOCI to Earnings
 
Gains/(Losses)
Recognized in
OCI Before Reclassifications
 
Gains/(Losses) Reclassified from
AOCI to Earnings
 
Mar 31,
2019
 
Apr 1,
2018
 
Mar 31,
2019
 
Apr 1,
2018
 
Mar 31,
2019
 
Apr 1,
2018
 
Mar 31,
2019
 
Apr 1,
2018
Cash Flow Hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rates
$
(14.9
)
 
$
(3.2
)
 
$
1.4

 
$
1.2

 
$
(30.6
)
 
$
(3.2
)
 
$
2.8

 
$
2.4

Cross-currency swaps
5.4

 
(33.7
)
 
1.3

 
(26.1
)
 
(2.6
)
 
(36.1
)
 
(10.4
)
 
(26.6
)
Foreign currency - other
(2.9
)
 
(6.2
)
 
3.0

 
(3.5
)
 
11.7

 
(6.1
)
 
4.9

 
(4.9
)
Coffee

 

 
(0.1
)
 
(2.1
)
 

 

 
(0.3
)
 
(6.8
)
Net Investment Hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency

 

 

 

 

 
(0.1
)
 

 

Foreign currency debt
2.9

 
(43.9
)
 

 

 
(19.0
)
 
(44.1
)
 

 

Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings Pretax gains and losses on non-designated derivatives and designated fair value hedging instruments recognized in earnings (in millions):
 
Gains/(Losses) Recognized in Earnings
 
Quarter Ended
 
Two Quarters Ended
 
Mar 31, 2019
 
Apr 1, 2018
 
Mar 31, 2019
 
Apr 1, 2018
Non-Designated Derivatives:
 
 
 
 
 
 
 
Foreign currency - other
$
0.5

 
$
(4.8
)
 
$
(7.4
)
 
$
(1.1
)
Dairy
(0.1
)
 
0.1

 
(2.2
)
 
(2.0
)
Diesel fuel and other commodities
1.9

 
(0.5
)
 
(4.7
)
 
0.9

Designated Fair Value Hedging Instruments:
 
 
 
 
 
 
 
Interest rate swap
11.6

 
(15.9
)
 
28.5

 
(23.4
)
Notional Amounts of Outstanding Derivative Contracts Notional amounts of outstanding derivative contracts (in millions):
 
Mar 31, 2019
 
Sep 30, 2018
Interest rate swap
$
1,250

 
$
750

Cross-currency swaps
373

 
434

Foreign currency - other
1,157

 
914

Dairy
7

 
16

Diesel fuel and other commodities
35

 
21

Fair Value of Outstanding Derivative Contracts Fair value of outstanding derivative contracts (in millions):
 
Derivative Assets
 
Derivative Liabilities
 
Mar 31, 2019
 
Sep 30, 2018
 
Mar 31, 2019
 
Sep 30, 2018
Designated Derivative Instruments:
 
 
 
 
 
 
 
Interest rates
$

 
$

 
$
30.5

 
$

Cross-currency swaps
3.1

 
5.8

 
9.3

 
9.3

Foreign currency - other
16.5

 
13.6

 
1.2

 
5.3

Interest rate swap

 

 
4.5

 
32.5

Non-designated Derivative Instruments:
 
 
 
 
 
 
 
Foreign currency
10.2

 
13.7

 
7.4

 
2.5

Dairy
0.2

 
0.2

 

 
0.1

Diesel fuel and other commodities
0.7

 
1.6

 
3.4

 
0.3

v3.19.1
Fair Value Measurements (Tables)
6 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis
 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at
March 31, 2019
 
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
$
2,055.1

 
$
2,055.1

 
$

 
$

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale debt securities
 
 
 
 
 
 
 
Commercial paper
0.2

 

 
0.2

 

Corporate debt securities
4.8

 

 
4.8

 

Foreign government obligations
3.7

 

 
3.7

 

Mortgage and other asset-backed securities
3.3

 

 
3.3

 

Total available-for-sale debt securities
12.0

 

 
12.0

 

Marketable equity securities
64.6

 
64.6

 

 

Total short-term investments
76.6

 
64.6

 
12.0

 

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
19.9

 
0.2

 
19.7

 

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale debt securities
 
 
 
 
 
 
 
Agency obligations
6.0

 

 
6.0

 

Corporate debt securities
119.0

 

 
119.0

 

Auction rate securities
5.7

 

 

 
5.7

U.S. government treasury securities
109.7

 
109.7

 

 

State and local government obligations
4.9

 

 
4.9

 

Mortgage and other asset-backed securities
6.6

 

 
6.6

 

Total long-term investments
251.9

 
109.7

 
136.5

 
5.7

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
10.8

 

 
10.8

 

Total assets
$
2,414.3

 
$
2,229.6

 
$
179.0

 
$
5.7

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
11.8

 
$
1.4

 
$
10.4

 
$

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
44.5

 

 
44.5

 

Total liabilities
$
56.3

 
$
1.4

 
$
54.9

 
$

 
 
 
Fair Value Measurements at Reporting Date Using
 
Balance at September 30, 2018
 
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
$
8,756.3

 
$
8,756.3

 
$

 
$

Short-term investments:
 
 
 
 
 
 
 
Available-for-sale debt securities
 
 
 
 
 
 
 
Commercial paper
8.4

 

 
8.4

 

Corporate debt securities
91.8

 

 
91.8

 

Mortgage and other asset-backed securities
6.0

 

 
6.0

 

Total available-for-sale debt securities
106.2

 

 
106.2

 

Marketable equity securities
75.3

 
75.3

 

 

Total short-term investments
181.5

 
75.3

 
106.2

 

Prepaid expenses and other current assets:
 
 
 
 
 
 
 
Derivative assets
24.5

 
1.2

 
23.3

 

Long-term investments:
 
 
 
 
 
 
 
Available-for-sale debt securities
 
 
 
 
 
 
 
Agency obligations
5.9

 

 
5.9

 

Corporate debt securities
114.5

 

 
114.5

 

Auction rate securities
5.9

 

 

 
5.9

Foreign government obligations
3.6

 

 
3.6

 

U.S. government treasury securities
108.1

 
108.1

 

 

State and local government obligations
4.8

 

 
4.8

 

Mortgage and other asset-backed securities
24.9

 

 
24.9

 

Total long-term investments
267.7

 
108.1

 
153.7

 
5.9

Other long-term assets:
 
 
 
 
 
 
 
Derivative assets
10.4

 

 
10.4

 

Total assets
$
9,240.4

 
$
8,940.9

 
$
293.6

 
$
5.9

Liabilities:
 
 
 
 
 
 
 
Accrued liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
6.5

 
$
0.4

 
$
6.1

 
$

Other long-term liabilities:
 
 
 
 
 
 
 
Derivative liabilities
43.5

 

 
43.5

 

Total liabilities
$
50.0

 
$
0.4

 
$
49.6

 
$

v3.19.1
Inventories (Tables)
6 Months Ended
Mar. 31, 2019
Inventory Disclosure [Abstract]  
Inventories
 
Mar 31, 2019
 
Sep 30, 2018
Coffee:
 
 
 
Unroasted
$
648.9

 
$
588.6

Roasted
270.7

 
281.2

Other merchandise held for sale
248.3

 
273.1

Packaging and other supplies
275.1

 
257.6

Total
$
1,443.0

 
$
1,400.5

v3.19.1
Supplemental Balance Sheet Information (Tables)
6 Months Ended
Mar. 31, 2019
Prepaid Expenses and Other Current Assets [Line Items]  
Prepaid Expenses and Other Current Assets [Table Text Block] Prepaid Expenses and Other Current Assets
 
Mar 31, 2019
 
Sep 30, 2018
Income tax receivable
$
196.4

 
$
955.4

Other prepaid expenses and current assets
477.6

 
507.4

Total prepaid expenses and current assets
$
674.0

 
$
1,462.8

Property, Plant And Equipment, net
 
Mar 31, 2019
 
Sep 30, 2018
Land
$
46.8

 
$
46.8

Buildings
617.4

 
557.3

Leasehold improvements
7,608.2

 
7,372.8

Store equipment
2,511.3

 
2,400.2

Roasting equipment
689.9

 
658.8

Furniture, fixtures and other
1,710.8

 
1,659.3

Work in progress
482.8

 
501.9

Property, plant and equipment, gross
13,667.2

 
13,197.1

Accumulated depreciation
(7,531.7
)
 
(7,268.0
)
Property, plant and equipment, net
$
6,135.5

 
$
5,929.1

Accrued Liabilities
 
Mar 31, 2019
 
Sep 30, 2018
Accrued compensation and related costs
$
540.7

 
$
656.8

Accrued occupancy costs
190.7

 
164.2

Accrued taxes
785.2

 
286.6

Accrued dividends payable
435.6

 
445.4

Accrued capital and other operating expenditures
617.1

 
745.4

Total accrued liabilities
$
2,569.3

 
$
2,298.4

v3.19.1
Other Intangible Assets and Goodwill (Changes in Carrying Amount of Goodwill By Reportable Operating Segment) (Tables)
$ in Millions
6 Months Ended
Mar. 31, 2019
USD ($)
Goodwill [Line Items]  
Goodwill, beginning balance $ 3,541.6
Other 67.3
Goodwill, ending balance $ 3,603.5
Schedule of Goodwill [Table Text Block]
 
Americas
 
China/Asia Pacific
 
EMEA
 
Channel
Development
 
Corporate and Other
 
Total
Goodwill balance at September 30, 2018
$
497.4

 
$
2,986.6

 
$
11.3

 
$
34.7

 
$
11.6

 
$
3,541.6

Impairment

 

 

 

 
(5.4
)
 
(5.4
)
Other
(0.9
)
 
68.1

 

 

 
0.1

 
67.3

Goodwill balance at March 31, 2019
$
496.5

 
$
3,054.7

 
$
11.3

 
$
34.7

 
$
6.3

 
$
3,603.5

Americas Segment [Member]  
Goodwill [Line Items]  
Goodwill, beginning balance $ 497.4
Other (0.9)
Goodwill, ending balance 496.5
China / Asia Pacific Segment [Member]  
Goodwill [Line Items]  
Goodwill, beginning balance 2,986.6
Other 68.1
Goodwill, ending balance 3,054.7
EMEA Segment [Member]  
Goodwill [Line Items]  
Goodwill, beginning balance 11.3
Other 0.0
Goodwill, ending balance 11.3
Channel Development [Member]  
Goodwill [Line Items]  
Goodwill, beginning balance 34.7
Other 0.0
Goodwill, ending balance 34.7
Corporate and Other [Member]  
Goodwill [Line Items]  
Goodwill, beginning balance 11.6
Other 0.1
Goodwill, ending balance $ 6.3
v3.19.1
Debt (Tables)
6 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Components of Long-Term Debt Including Associated Interest Rates and Related Estimated Fair Values Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):
 
Mar 31, 2019
 
Sep 30, 2018
 
Stated Interest Rate
Effective Interest Rate (1)
Issuance
Amount
Estimated Fair Value
 
Amount
Estimated Fair Value
 
2018 notes
$

$

 
$
350.0

$
350

 
2.000
%
2.012
%
2020 notes
500.0

496

 
500.0

490

 
2.200
%
2.228
%
2021 notes
500.0

495

 
500.0

489

 
2.100
%
2.293
%
2021 notes
250.0

248

 
250.0

244

 
2.100
%
1.600
%
2022 notes
500.0

500

 
500.0

486

 
2.700
%
2.819
%
2023 notes (2)
750.0

780

 
750.0

759

 
3.850
%
2.859
%
2023 notes
1,000.0

1,010

 
1,000.0

986

 
3.100
%
3.107
%
2024 notes (3)
767.4

768

 
748.4

743

 
0.372
%
0.462
%
2025 notes
1,250.0

1,290

 
1,250.0

1,249

 
3.800
%
3.721
%
2026 notes
500.0

473

 
500.0

451

 
2.450
%
2.511
%
2028 notes
600.0

605

 
600.0

576

 
3.500
%
3.529
%
2028 notes
750.0

784

 
750.0

754

 
4.000
%
3.958
%
2045 notes
350.0

347

 
350.0

330

 
4.300
%
4.348
%
2047 notes
500.0

452

 
500.0

438

 
3.750
%
3.765
%
2048 notes
1,000.0

1,023

 
1,000.0

977

 
4.500
%
4.504
%
Total
9,217.4

9,271

 
9,548.4

9,322

 
 
 
Aggregate debt issuance costs and unamortized premium/(discount), net
(65.4
)
 
 
(69.3
)
 
 
 
 
Hedge accounting fair value adjustment (2)
(10.5
)
 
 
(39.0
)
 
 
 
 
Total
$
9,141.5

 
 
$
9,440.1

 
 
 
 
(1) 
Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.
(2) 
Amount represents the change in fair value due to changes in benchmark interest rates related to our 2023 notes. Refer to Note 4, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge.
(3) 
Japanese yen-denominated long-term debt.
Long-Term Debt Maturities The following table summarizes our long-term debt maturities as of March 31, 2019 by fiscal year (in millions):
Fiscal Year
Total
2020
$

2021
1,250.0

2022
500.0

2023
1,000.0

2024
1,517.4

Thereafter
4,950.0

Total
$
9,217.4

v3.19.1
Equity (Tables)
6 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income by component, net of tax Changes in AOCI by component, net of tax (in millions):
Quarter Ended
 Available-for-Sale Debt Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
March 31, 2019
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(2.9
)
 
$
17.5

 
$
3.3

 
$
(361.1
)
 
$
(343.2
)
Net gains/(losses) recognized in OCI before reclassifications
2.9

 
(8.9
)
 
2.2

 
79.7

 
75.9

Net (gains)/losses reclassified from AOCI to earnings
0.1

 
(4.3
)
 

 

 
(4.2
)
Other comprehensive income/(loss) attributable to Starbucks
3.0

 
(13.2
)
 
2.2

 
79.7

 
71.7

Net gains/(losses) in AOCI, end of period
$
0.1

 
$
4.3

 
$
5.5

 
$
(281.4
)
 
$
(271.5
)
 
 
 
 
 
 
 
 
 
 
April 1, 2018
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(3.0
)
 
$
(1.1
)
 
$
13.7

 
$
(134.9
)
 
$
(125.3
)
Net gains/(losses) recognized in OCI before reclassifications
(2.6
)
 
(34.3
)
 
(32.8
)
 
178.5

 
108.8

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

 
24.7

 

 
24.1

 
49.4

Other comprehensive income/(loss) attributable to Starbucks
(2.0
)
 
(9.6
)
 
(32.8
)
 
202.6

 
158.2

Net gains/(losses) in AOCI, end of period
$
(5.0
)
 
$
(10.7
)
 
$
(19.1
)
 
$
67.7

 
$
32.9

 
 
 
 
 
 
 
 
 
 
Two Quarters Ended
 Available-for-Sale Debt Securities
 
 Cash Flow Hedges
 
 Net Investment Hedges
 
Translation Adjustment and Other
 
Total
March 31, 2019
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(4.9
)
 
$
17.7

 
$
19.6

 
$
(362.7
)
 
$
(330.3
)
Net gains/(losses) recognized in OCI before reclassifications
4.6

 
(16.2
)
 
(14.1
)
 
81.3

 
55.6

Net (gains)/losses reclassified from AOCI to earnings
0.4

 
2.8

 

 

 
3.2

Other comprehensive income/(loss) attributable to Starbucks
5.0

 
(13.4
)
 
(14.1
)
 
81.3

 
58.8

Net gains/(losses) in AOCI, end of period
$
0.1

 
$
4.3

 
$
5.5

 
$
(281.4
)
 
$
(271.5
)
 
 
 
 
 
 
 
 
 
 
April 1, 2018
 
 
 
 
 
 
 
 
 
Net gains/(losses) in AOCI, beginning of period
$
(2.5
)
 
$
(4.1
)
 
$
14.0

 
$
(163.0
)
 
$
(155.6
)
Net gains/(losses) recognized in OCI before reclassifications
(4.3
)
 
(36.2
)
 
(33.1
)
 
213.8

 
140.2

Net (gains)/losses reclassified from AOCI to earnings
1.8

 
29.6

 

 
16.9

 
48.3

Other comprehensive income/(loss) attributable to Starbucks
(2.5
)
 
(6.6
)
 
(33.1
)
 
230.7

 
188.5

Net gains/(losses) in AOCI, end of period
$
(5.0
)
 
$
(10.7
)
 
$
(19.1
)
 
$
67.7

 
$
32.9


Impact of reclassifications from Accumulated Other Comprehensive Income on the consolidated statements of earnings Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
 
 
 
 
 
 
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Mar 31, 2019
 
Apr 1, 2018
 
Gains/(losses) on available-for-sale debt securities
 
$
0.2

 
$
(0.8
)
 
Interest income and other, net
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
1.4

 
1.2

 
Interest expense
Cross-currency swaps
 
1.3

 
(26.1
)
 
Interest income and other, net
Foreign currency hedges
 
1.3

 
(1.4
)
 
Revenues
Foreign currency/coffee hedges
 
1.6

 
(4.2
)
 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges
 

 

 
Interest income and other, net
Translation adjustment
 
 
 
 
 
 
Brazil
 

 
(24.1
)
 
Gain/(loss) resulting from divestiture of certain operations
Other
 

 
0.1

 
Interest income and other, net
 
 
5.8

 
(55.3
)
 
Total before tax
 
 
(1.6
)
 
5.9

 
Tax (expense)/benefit
 
 
$
4.2

 
$
(49.4
)
 
Net of tax
Two Quarters Ended
 
 
 
 
 
 
AOCI
Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in
the Statements of Earnings
 
Mar 31, 2019
 
Apr 1, 2018
 
Gains/(losses) on available-for-sale debt securities
 
$
0.7

 
$
(2.4
)
 
Interest income and other, net
Gains/(losses) on cash flow hedges
 
 
 
 
 
 
Interest rate hedges
 
2.8

 
2.4

 
Interest expense
Cross-currency swaps
 
(10.4
)
 
(26.6
)
 
Interest income and other, net
Foreign currency hedges
 
2.7

 
(1.8
)
 
Revenues
Foreign currency/coffee hedges
 
1.9

 
(9.9
)
 
Cost of sales including occupancy costs
Gains/(losses) on net investment hedges
 

 

 
Interest income and other, net
Translation adjustment
 
 
 
 
 
 
Brazil
 

 
(24.1
)
 
Gain/(loss) resulting from divestiture of certain operations
East China joint venture
 

 
7.2

 
Gain resulting from acquisition of joint venture
Taiwan joint venture
 

 
1.4

 
Gain/(loss) resulting from divestiture of certain operations
Other
 

 
(1.7
)
 
Interest income and other, net
 
 
(2.3
)
 
(55.5
)
 
Total before tax
 
 
(0.9
)
 
7.2

 
Tax (expense)/benefit
 
 
$
(3.2
)
 
$
(48.3
)
 
Net of tax


v3.19.1
Employee Stock Plans (Tables)
6 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expense Recognized in Consolidated Statements of Earnings Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):
 
Quarter Ended
 
Two Quarters Ended
 
Mar 31, 2019
 
Apr 1, 2018
 
Mar 31, 2019
 
Apr 1, 2018
Options
$
7.2

 
$
7.0

 
$
15.5

 
$
21.2

Restricted Stock Units (“RSUs”)
87.7

 
48.1

 
176.6

 
95.3

Total stock-based compensation expense
$
94.9

 
$
55.1

 
$
192.1

 
$
116.5

Stock Option and RSU Transactions Stock option and RSU transactions from September 30, 2018 through March 31, 2019 (in millions): 
 
Stock Options
 
RSUs
Options outstanding/Nonvested RSUs, September 30, 2018
27.3

 
11.2

Granted
0.5

 
4.4

Options exercised/RSUs vested
(8.1
)
 
(2.7
)
Forfeited/expired
(0.5
)
 
(1.3
)
Options outstanding/Nonvested RSUs, March 31, 2019
19.2

 
11.6

Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 31, 2019
$
9.3

 
$
274.0

v3.19.1
Income Taxes (Tables)
6 Months Ended 12 Months Ended
Mar. 31, 2019
Sep. 30, 2018
Income Tax Contingency [Line Items]    
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 24.50%
v3.19.1
Earnings Per Share (Tables)
6 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):
 
Quarter Ended
 
Two Quarters Ended
 
Mar 31, 2019
 
Apr 1, 2018
 
Mar 31, 2019
 
Apr 1, 2018
Net earnings attributable to Starbucks
$
663.2

 
$
660.1

 
$
1,423.6

 
$
2,910.3

Weighted average common shares outstanding (for basic calculation)
1,239.2

 
1,394.9

 
1,240.6

 
1,407.9

Dilutive effect of outstanding common stock options and RSUs
11.5

 
11.7

 
11.5

 
12.6

Weighted average common and common equivalent shares outstanding (for diluted calculation)
1,250.7

 
1,406.6

 
1,252.1

 
1,420.5

EPS — basic
$
0.54

 
$
0.47

 
$
1.15

 
$
2.07

EPS — diluted
$
0.53

 
$
0.47

 
$
1.14

 
$
2.05

v3.19.1
Segment Reporting (Tables)
6 Months Ended
Mar. 31, 2019
Revenue from External Customer [Line Items]  
Revenue from External Customers by Products and Services [Table Text Block] Consolidated revenue mix by product type (in millions):
 
Quarter Ended
 
Two Quarters Ended
 
Mar 31, 2019
 
Apr 1, 2018(1)
 
Mar 31, 2019
 
Apr 1, 2018(1)
Beverage
$
3,760.4

 
60
%
 
$
3,519.8

 
58
%
 
$
7,688.3

 
60
%
 
$
6,933.8

 
57
%
Food
1,157.9

 
18
%
 
1,067.1

 
18
%
 
2,344.3

 
18
%
 
2,115.4

 
17
%
Other(2)
1,387.6

 
22
%
 
1,444.9

 
24
%
 
2,906.1

 
22
%
 
3,056.3

 
26
%
Total
$
6,305.9

 
100
%
 
$
6,031.8

 
100
%
 
$
12,938.7

 
100
%
 
$
12,105.5

 
100
%
(1) Prior period amounts have not been restated and continue to be reported under accounting standards in effect for that period.
(2) “Other” primarily consists of royalty and licensing revenues, packaged and single-serve coffees and teas, beverage-related ingredients, serveware, and ready-to-drink beverages, among other items.
Financial Information For Reportable Operating Segments And All Other Segments The table below presents financial information for our reportable operating segments and Corporate and Other segment (in millions):
Quarter Ended
 
Americas
 
China/
Asia Pacific
 
EMEA
 
Channel
Development
 
Corporate and Other
 
Total
March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
4,305.9

 
$
1,289.1

 
$
227.5

 
$
446.6

 
$
36.8

 
$
6,305.9

Depreciation and amortization expenses
170.7

 
121.4

 
6.9

 
12.3

 
44.9

 
356.2

Income from equity investees

 
22.1

 

 
40.2

 

 
62.3

Operating income/(loss)
899.0

 
231.7

 
(2.8
)
 
149.0

 
(419.2
)
 
857.7

 
 
 
 
 
 
 
 
 
 
 
 
April 1, 2018
 
 
 
 
 
 
 
 
 
 
 
Total net revenues(1)
$
3,996.3

 
$
1,186.4

 
$
251.0

 
$
562.6

 
$
35.5

 
$
6,031.8

Depreciation and amortization expenses
160.4

 
121.6

 
8.0

 
0.3

 
41.3

 
331.6

Income from equity investees

 
16.7

 

 
36.0

 

 
52.7

Operating income/(loss)
801.3

 
204.6

 
(10.9
)
 
234.0

 
(456.5
)
 
772.5

(1) Prior period amounts have not been restated and continue to be reported under the accounting standards in effect for that period.
Two Quarters Ended
 
Americas
 
China/
Asia Pacific
 
EMEA
 
Channel
Development
 
Corporate and Other
 
Total
March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Total net revenues
$
8,912.0

 
$
2,516.5

 
$
493.8

 
$
951.1

 
$
65.3

 
$
12,938.7

Depreciation and amortization expenses
336.4

 
238.2

 
14.7

 
12.4

 
87.9

 
689.6

Income from equity investees

 
48.5

 

 
81.6

 

 
130.1

Operating income/(loss)
1,910.8

 
453.1

 
24.2

 
324.6

 
(839.3
)
 
1,873.4

 
 
 
 
 
 
 
 
 
 
 
 
April 1, 2018
 
 
 
 
 
 
 
 
 
 
 
Total net revenues(1)
$
8,253.9

 
$
2,030.0

 
$
519.0

 
$
1,190.6

 
$
112.0

 
$
12,105.5

Depreciation and amortization expenses
318.4

 
175.3

 
15.5

 
0.9

 
80.3

 
590.4

Income from equity investees

 
67.5

 

 
74.6

 

 
142.1

Operating income/(loss)
1,779.0

 
401.4

 
21.4

 
503.4

 
(816.6
)
 
1,888.6

v3.19.1
Summary of Significant Accounting Policies Goodwill (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Goodwill [Line Items]    
Goodwill $ 3,603.5 $ 3,541.6
v3.19.1
Summary of Significant Accounting Policies (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Dec. 30, 2018
Oct. 01, 2018
Sep. 30, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Deferred Tax Assets, Net, Noncurrent $ 1,006.6   $ 1,006.6     $ 123.7 $ 134.7
Deferred Revenue, Current 1,311.4   1,311.4     1,220.9 1,642.9
Income Tax Expense (Benefit) $ 161.2 $ 155.8 $ 366.4 $ 911.6      
Earnings per share - diluted $ 0.53 $ 0.47 $ 1.14 $ 2.05      
Earnings Per Share, Basic $ 0.54 $ 0.47 $ 1.15 $ 2.07      
Deferred Revenue, Noncurrent $ 6,761.9   $ 6,761.9     6,839.7 6,775.7
Deferred Tax and Other Liabilities, Noncurrent 1,500.3   1,500.3     1,509.5 1,430.5
Retained Earnings (Accumulated Deficit) $ (4,807.7)   $ (4,807.7)     $ 1,725.4 1,457.4
Accounting Standards Update 2016-16 [Member]              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets         $ 227.6    
Accounting Standards Update 2014-09 [Member]              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Deferred Tax Assets, Net, Noncurrent             (11.0)
Deferred Revenue, Current             (422.0)
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets         $ 268.0    
Deferred Revenue, Noncurrent             64.0
Deferred Tax and Other Liabilities, Noncurrent             79.0
Retained Earnings (Accumulated Deficit)             $ 268.0
v3.19.1
Revenue Recognition (Narrative) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Aug. 26, 2018
Mar. 31, 2019
Mar. 31, 2019
Oct. 01, 2018
Sep. 30, 2018
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]          
Deferred Revenue, Current   $ 1,311,400 $ 1,311,400 $ 1,220,900 $ 1,642,900
Deferred Revenue, Noncurrent   6,761,900 6,761,900 6,839,700 $ 6,775,700
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage [Member]          
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]          
Deferred Revenue, Current   1,100,000 1,100,000 906,600  
Deferred Revenue, Noncurrent   73,600 73,600 $ 64,000  
Company-operated stores [Member] | Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage [Member]          
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]          
Contract with Customer, Liability, Revenue Recognized   37,500 72,300    
Licensed stores [Member] | Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage [Member]          
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]          
Contract with Customer, Liability, Revenue Recognized   4,700 9,300    
Nestle Global Coffee Alliance [Member]          
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]          
Deferred Revenue $ 7,000,000        
Prepaid Royalty Economic Life 40 years        
Deferred Revenue, Current   174,000 174,000    
Deferred Revenue, Noncurrent   $ 6,700,000 $ 6,700,000    
v3.19.1
Revenue Recognition Impact of Licensing of CPG and foodservice businesses (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Oct. 01, 2018
Sep. 30, 2018
Aug. 26, 2018
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]        
Deferred Revenue, Noncurrent $ 6,761.9 $ 6,839.7 $ 6,775.7  
Deferred Revenue, Current 1,311.4 $ 1,220.9 $ 1,642.9  
Nestle Global Coffee Alliance [Member]        
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]        
Deferred Revenue, Noncurrent 6,700.0      
Deferred Revenue       $ 7,000.0
Deferred Revenue, Current $ 174.0      
v3.19.1
Acquisitions and Divestitures (Narrative) (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2017
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Sep. 30, 2018
Aug. 26, 2018
Business Acquisition [Line Items]              
Gain resulting from acquisition of joint venture   $ 0 $ 47,600,000 $ 0 $ 1,373,900,000    
Goodwill   3,603,500,000   3,603,500,000   $ 3,541,600,000  
Finite-Lived Intangible Assets, Accumulated Amortization   502,500,000   502,500,000   371,000,000.0  
Deconsolidation, Gain (Loss), Amount       21,000,000.0 $ 496,300,000    
Taiwan JV [Member]              
Business Acquisition [Line Items]              
Sale of Ownership Interest in Retail Business     181,200,000        
Deconsolidation, Gain (Loss), Amount     $ 156,600,000        
East China JV [Member]              
Business Acquisition [Line Items]              
Business Acquisition, Effective Date of Acquisition Dec. 31, 2017            
Preexisting ownership percentage in equity method investment     50.00%   50.00%    
Amount paid for interest acquired     $ 1,400,000,000        
Gain resulting from acquisition of joint venture           1,400,000,000  
Taiwan JV [Member]              
Business Acquisition [Line Items]              
Preexisting ownership percentage in equity method investment     50.00%   50.00%    
Acquired and reacquired rights              
Business Acquisition [Line Items]              
Finite-Lived Intangible Assets, Accumulated Amortization   $ 444,700,000   $ 444,700,000   $ 320,100,000  
Nestle Global Coffee Alliance [Member]              
Business Acquisition [Line Items]              
Deferred Revenue             $ 7,000,000,000
v3.19.1
Acquisitions and Divestitures Definite-lived intangible assets acquired (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Acquired Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross $ 1,215.8 $ 1,182.2
Finite-Lived Intangible Assets, Accumulated Amortization 502.5 371.0
Finite-Lived Intangible Assets, Net 713.3 811.2
Acquired and reacquired rights    
Acquired Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Gross 1,110.3 1,081.7
Finite-Lived Intangible Assets, Accumulated Amortization 444.7 320.1
Finite-Lived Intangible Assets, Net $ 665.6 $ 761.6
v3.19.1
Derivative Financial Instruments (Derivative Gains and Losses Included in AOCI and Expected to be Reclassified into Earnings in 12 Months, Net of Tax) (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Sep. 30, 2018
Cash Flow Hedging [Member] | Interest Rate Contract [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ (0.2) $ 24.7
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 4.3  
Outstanding Contract Remaining Maturity (Months) 119 months  
Cash Flow Hedging [Member] | Cross-Currency Swap [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ (6.3) (12.6)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.0  
Outstanding Contract Remaining Maturity (Months) 68 months  
Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ 10.8 5.8
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 6.2  
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 $ 0.0 (0.2)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.0  
Outstanding Contract Remaining Maturity (Months) 0 months  
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ 16.0 16.0
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.0  
Outstanding Contract Remaining Maturity (Months) 0 months  
Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ (10.5) $ 3.6
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.0  
Outstanding Contract Remaining Maturity (Months) 60 months  
v3.19.1
Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Cash Flow Hedging [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in OCI Before Reclassifications $ (12.4) $ (43.1) $ (21.5) $ (45.4)
Net Investment Hedging [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in OCI Before Reclassifications 2.9 (43.9) (19.0) (44.2)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in OCI Before Reclassifications (14.9) (3.2) (30.6) (3.2)
Gains/(Losses) Reclassified from AOCI to Earnings 1.4 1.2 2.8 2.4
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in OCI Before Reclassifications 5.4 (33.7) (2.6) (36.1)
Gains/(Losses) Reclassified from AOCI to Earnings 1.3 (26.1) (10.4) (26.6)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in OCI Before Reclassifications (2.9) (6.2) 11.7 (6.1)
Gains/(Losses) Reclassified from AOCI to Earnings 3.0 (3.5) 4.9 (4.9)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Coffee Contracts [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in OCI Before Reclassifications 0.0 0.0 0.0 0.0
Gains/(Losses) Reclassified from AOCI to Earnings (0.1) (2.1) (0.3) (6.8)
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in OCI Before Reclassifications 0.0 0.0 0.0 (0.1)
Gains/(Losses) Reclassified from AOCI to Earnings 0.0 0.0 0.0 0.0
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in OCI Before Reclassifications 2.9 (43.9) (19.0) (44.1)
Gains/(Losses) Reclassified from AOCI to Earnings $ 0.0 $ 0.0 $ 0.0 $ 0.0
v3.19.1
Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Foreign Currency Contract - Other [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in Earnings $ 0.5 $ (4.8) $ (7.4) $ (1.1)
Dairy Contracts [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in Earnings (0.1) 0.1 (2.2) (2.0)
Diesel and Other Contracts [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gains/(Losses) Recognized in Earnings 1.9 (0.5) (4.7) 0.9
Interest Rate Swap [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Gain (Loss) on Derivative, Net $ 11.6 $ (15.9) $ 28.5 $ (23.4)
v3.19.1
Derivative and Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Interest Rate Contract [Member]    
Derivative [Line Items]    
Notional amounts of outstanding derivative contracts $ 1,250 $ 750
Cross-Currency Swap [Member]    
Derivative [Line Items]    
Notional amounts of outstanding derivative contracts 373 434
Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Notional amounts of outstanding derivative contracts 1,157 914
Dairy Contracts [Member]    
Derivative [Line Items]    
Notional amounts of outstanding derivative contracts 7 16
Diesel and Other Contracts [Member]    
Derivative [Line Items]    
Notional amounts of outstanding derivative contracts $ 35 $ 21
v3.19.1
Derivative Financial Instruments Derivative Financial Instruments (Fair Value of Outstanding Derivative Contracts) (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Designated as Hedging Instrument [Member]    
Derivative [Line Items]    
Derivative Assets $ 0.0  
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]    
Derivative [Line Items]    
Derivative Assets 0.0 $ 0.0
Derivative Liabilities 30.5 0.0
Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative Assets 3.1 5.8
Derivative Liabilities 9.3 9.3
Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Assets 16.5 13.6
Derivative Liabilities 1.2 5.3
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]    
Derivative [Line Items]    
Derivative Assets 0.0 0.0
Derivative Liabilities 4.5 32.5
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Assets 10.2 13.7
Derivative Liabilities 7.4 2.5
Not Designated as Hedging Instrument [Member] | Dairy Contracts [Member]    
Derivative [Line Items]    
Derivative Assets 0.2 0.2
Derivative Liabilities 0.0 0.1
Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]    
Derivative [Line Items]    
Derivative Assets 0.7 1.6
Derivative Liabilities $ 3.4 $ 0.3
v3.19.1
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Assets:    
Total short-term investments $ 76.6 $ 181.5
Total Assets 2,414.3 9,240.4
Liabilities:    
Financial Liabilities Fair Value Disclosure 56.3 50.0
Cash and Cash Equivalents [Member]    
Assets:    
Cash and cash equivalents 2,055.1 8,756.3
Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 12.0 106.2
Equity Securities, FV-NI 64.6 75.3
Total short-term investments 76.6 181.5
Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets 19.9 24.5
Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 251.9 267.7
Other Long-Term Assets [Member]    
Assets:    
Derivative assets 10.8 10.4
Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities 11.8 6.5
Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities 44.5 43.5
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]    
Assets:    
Total Assets 2,229.6 8,940.9
Liabilities:    
Financial Liabilities Fair Value Disclosure 1.4 0.4
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Cash and Cash Equivalents [Member]    
Assets:    
Cash and cash equivalents 2,055.1 8,756.3
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Equity Securities, FV-NI 64.6 75.3
Total short-term investments 64.6 75.3
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets 0.2 1.2
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 109.7 108.1
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Other Long-Term Assets [Member]    
Assets:    
Derivative assets 0.0 0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities 1.4 0.4
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities 0.0 0.0
Significant Other Observable Inputs (Level 2) [Member]    
Assets:    
Total Assets 179.0 293.6
Liabilities:    
Financial Liabilities Fair Value Disclosure 54.9 49.6
Significant Other Observable Inputs (Level 2) [Member] | Cash and Cash Equivalents [Member]    
Assets:    
Cash and cash equivalents 0.0 0.0
Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 12.0 106.2
Equity Securities, FV-NI 0.0 0.0
Total short-term investments 12.0 106.2
Significant Other Observable Inputs (Level 2) [Member] | Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets 19.7 23.3
Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 136.5 153.7
Significant Other Observable Inputs (Level 2) [Member] | Other Long-Term Assets [Member]    
Assets:    
Derivative assets 10.8 10.4
Significant Other Observable Inputs (Level 2) [Member] | Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities 10.4 6.1
Significant Other Observable Inputs (Level 2) [Member] | Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities 44.5 43.5
Significant Unobservable Inputs (Level 3) [Member]    
Assets:    
Total Assets 5.7 5.9
Liabilities:    
Financial Liabilities Fair Value Disclosure 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | Cash and Cash Equivalents [Member]    
Assets:    
Cash and cash equivalents 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Equity Securities, FV-NI 0.0 0.0
Total short-term investments 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 5.7 5.9
Significant Unobservable Inputs (Level 3) [Member] | Other Long-Term Assets [Member]    
Assets:    
Derivative assets 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities 0.0 0.0
Significant Unobservable Inputs (Level 3) [Member] | Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities 0.0 0.0
Agency Obligations [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 6.0 5.9
Agency Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Agency Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 6.0 5.9
Agency Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Commercial Paper [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.2 8.4
Commercial Paper [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Commercial Paper [Member] | Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.2 8.4
Commercial Paper [Member] | Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Corporate Debt Securities [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 4.8 91.8
Corporate Debt Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 119.0 114.5
Corporate Debt Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Corporate Debt Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Corporate Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 4.8 91.8
Corporate Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 119.0 114.5
Corporate Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Corporate Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Foreign Government Obligations [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 3.7  
Foreign Government Obligations [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale   3.6
Foreign Government Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0  
Foreign Government Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale   0.0
Foreign Government Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 3.7  
Foreign Government Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale   3.6
Foreign Government Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0  
Foreign Government Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale   0.0
U.S. Government Treasury Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 109.7 108.1
U.S. Government Treasury Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 109.7 108.1
U.S. Government Treasury Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
U.S. Government Treasury Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
State and Local Government Obligations [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 4.9 4.8
State and Local Government Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
State and Local Government Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 4.9 4.8
State and Local Government Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Auction Rate Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 5.7 5.9
Auction Rate Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Auction Rate Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Auction Rate Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 5.7 5.9
Mortgage and Other Asset-backed Securities [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 3.3 6.0
Mortgage and Other Asset-backed Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 6.6 24.9
Mortgage and Other Asset-backed Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Mortgage and Other Asset-backed Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Mortgage and Other Asset-backed Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 3.3 6.0
Mortgage and Other Asset-backed Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 6.6 24.9
Mortgage and Other Asset-backed Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Mortgage and Other Asset-backed Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale $ 0.0 $ 0.0
v3.19.1
Inventories (Narrative) (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Sep. 30, 2018
Inventory [Line Items]    
Roasted Coffee Inventory $ 270.7 $ 281.2
Price-to-be-fixed Contract [Member]    
Inventory [Line Items]    
Amount of coffee committed to be purchased 278.0  
Fixed-price Contract [Member]    
Inventory [Line Items]    
Amount of coffee committed to be purchased 1,000.0  
Designated as Hedging Instrument [Member]    
Inventory [Line Items]    
Derivative Assets $ 0.0  
v3.19.1
Inventories (Components of Inventory) (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Inventory Disclosure [Abstract]    
Unroasted coffee $ 648.9 $ 588.6
Roasted Coffee Inventory 270.7 281.2
Other merchandise held for sale 248.3 273.1
Retail Related Inventory, Packaging and Other Supplies 275.1 257.6
Total $ 1,443.0 $ 1,400.5
v3.19.1
Supplemental Balance Sheet Information (Property, Plant And Equipment, net) (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 13,667.2 $ 13,197.1
Accumulated depreciation (7,531.7) (7,268.0)
Property, plant and equipment, net 6,135.5 5,929.1
Land [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 46.8 46.8
Buildings [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 617.4 557.3
Leasehold Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 7,608.2 7,372.8
Store Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 2,511.3 2,400.2
Roasting Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 689.9 658.8
Furniture, Fixtures and Other [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 1,710.8 1,659.3
Work in Progress [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 482.8 $ 501.9
v3.19.1
Supplemental Balance Sheet Information (Accrued Liabilities) (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Balance Sheet Related Disclosures [Abstract]    
Accrued compensation and related costs $ 540.7 $ 656.8
Accrued occupancy costs 190.7 164.2
Accrued taxes 785.2 286.6
Accrued dividends payable 435.6 445.4
Accrued capital and other operating expenditures 617.1 745.4
Total accrued liabilities $ 2,569.3 $ 2,298.4
v3.19.1
Supplemental Balance Sheet Information Supplemental Balance Sheet Information (Prepaid Expenses and Other Current Assets) (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Balance Sheet Related Disclosures [Abstract]    
Income tax receivable $ 196.4 $ 955.4
Other prepaid expenses and current assets 477.6 507.4
Total prepaid expenses and current assets $ 674.0 $ 1,462.8
v3.19.1
Other Intangible Assets and Goodwill (Indefinite-Lived Intangible Assets) (Details) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Sep. 30, 2018
Indefinite-lived Intangible Assets [Line Items]      
Goodwill impairments $ (5.4) $ (28.5)  
Indefinite-lived Intangible Assets (Excluding Goodwill) $ 205.0   $ 231.0
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]
(in millions)
Mar 31, 2019
 
Sep 30, 2018
Trade names, trademarks and patents
$
205.0

 
$
215.9

Other indefinite-lived intangible assets

 
15.1

Total indefinite-lived intangible assets
$
205.0

 
$
231.0

   
Trade Names, Trademarks and Patents [Member]      
Indefinite-lived Intangible Assets [Line Items]      
Indefinite-lived Intangible Assets (Excluding Goodwill) $ 205.0   215.9
Other Intangible Assets [Member]      
Indefinite-lived Intangible Assets [Line Items]      
Indefinite-lived Intangible Assets (Excluding Goodwill) 0.0   $ 15.1
Americas Segment [Member]      
Indefinite-lived Intangible Assets [Line Items]      
Goodwill impairments 0.0    
China / Asia Pacific Segment [Member]      
Indefinite-lived Intangible Assets [Line Items]      
Goodwill impairments 0.0    
EMEA Segment [Member]      
Indefinite-lived Intangible Assets [Line Items]      
Goodwill impairments 0.0    
Channel Development [Member]      
Indefinite-lived Intangible Assets [Line Items]      
Goodwill impairments 0.0    
Corporate and Other [Member]      
Indefinite-lived Intangible Assets [Line Items]      
Goodwill impairments $ (5.4)    
v3.19.1
Other Intangible Assets and Goodwill (Finite-Lived Intangible Assets) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Sep. 30, 2018
Finite-Lived Intangible Assets [Line Items]          
Schedule of Finite-Lived Intangible Assets [Table Text Block]    
 
Mar 31, 2019
 
Sep 30, 2018
(in millions)
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Acquired and reacquired rights
$
1,110.3

 
$
(444.7
)
 
$
665.6

 
$
1,081.7

 
$
(320.1
)
 
$
761.6

Acquired trade secrets and processes
27.6

 
(17.9
)
 
9.7

 
27.6

 
(16.5
)
 
11.1

Trade names, trademarks and patents
37.2

 
(21.6
)
 
15.6

 
33.0

 
(19.5
)
 
13.5

Licensing agreements
14.6

 
(5.9
)
 
8.7

 
14.3

 
(5.1
)
 
9.2

Other finite-lived intangible assets
26.1

 
(12.4
)
 
13.7

 
25.6

 
(9.8
)
 
15.8

Total finite-lived intangible assets
$
1,215.8

 
$
(502.5
)
 
$
713.3

 
$
1,182.2

 
$
(371.0
)
 
$
811.2

   
Finite-Lived Intangible Assets, Gross $ 1,215.8   $ 1,215.8   $ 1,182.2
Finite-Lived Intangible Assets, Accumulated Amortization 502.5   502.5   371.0
Finite-Lived Intangible Assets, Net 713.3   713.3   811.2
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months 68.7 $ 58.8 123.1 $ 72.8  
Acquired and reacquired rights          
Finite-Lived Intangible Assets [Line Items]          
Finite-Lived Intangible Assets, Gross 1,110.3   1,110.3   1,081.7
Finite-Lived Intangible Assets, Accumulated Amortization 444.7   444.7   320.1
Finite-Lived Intangible Assets, Net 665.6   665.6   761.6
Acquired trade secrets and processes [Member]          
Finite-Lived Intangible Assets [Line Items]          
Finite-Lived Intangible Assets, Gross 27.6   27.6   27.6
Finite-Lived Intangible Assets, Accumulated Amortization 17.9   17.9   16.5
Finite-Lived Intangible Assets, Net 9.7   9.7   11.1
Trade Names, Trademarks and Patents [Member]          
Finite-Lived Intangible Assets [Line Items]          
Finite-Lived Intangible Assets, Gross 37.2   37.2   33.0
Finite-Lived Intangible Assets, Accumulated Amortization 21.6   21.6   19.5
Finite-Lived Intangible Assets, Net 15.6   15.6   13.5
Licensing Agreements [Member]          
Finite-Lived Intangible Assets [Line Items]          
Finite-Lived Intangible Assets, Gross 14.6   14.6   14.3
Finite-Lived Intangible Assets, Accumulated Amortization 5.9   5.9   5.1
Finite-Lived Intangible Assets, Net 8.7   8.7   9.2
Other Intangible Assets [Member]          
Finite-Lived Intangible Assets [Line Items]          
Finite-Lived Intangible Assets, Gross 26.1   26.1   25.6
Finite-Lived Intangible Assets, Accumulated Amortization 12.4   12.4   9.8
Finite-Lived Intangible Assets, Net $ 13.7   $ 13.7   $ 15.8
v3.19.1
Other Intangible Assets and Goodwill (Estimated Future Amortization Expense) (Details) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2019
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Fiscal Year Ending
 
2019 (excluding the two quarters ended March 31, 2019)
$
111.2

2020
222.2

2021
198.7

2022
170.1

2023
3.5

Thereafter
7.6

Total estimated future amortization expense
$
713.3

 
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year $ 111.2  
Finite-Lived Intangible Assets, Amortization Expense, Year Two 222.2  
Finite-Lived Intangible Assets, Amortization Expense, Year Three 198.7  
Finite-Lived Intangible Assets, Amortization Expense, Year Four 170.1  
Finite-Lived Intangible Assets, Amortization Expense, Year Five 3.5  
Finite-Lived Intangible Assets, Amortization Expense, after Year Five 7.6  
Finite-Lived Intangible Assets, Net $ 713.3 $ 811.2
v3.19.1
Debt (Narrative) (Details) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2019
Sep. 30, 2018
Debt Instrument [Line Items]    
Short-term Debt $ 75.0 $ 0.0
Two Point Two Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Stated Interest Rate 2.20%  
Debt Instrument, Face Amount $ 500.0 500.0
Two Point Two Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Stated Interest Rate 3.75%  
Debt Instrument, Face Amount $ 500.0 500.0
PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member]    
Debt Instrument [Line Items]    
Stated Interest Rate 0.372%  
Debt Instrument, Face Amount $ 767.4 748.4
Three Point One Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Stated Interest Rate 3.50%  
Debt Instrument, Face Amount $ 600.0 $ 600.0
Senior Notes [Member]    
Debt Instrument [Line Items]    
Long-term debt covenant compliance 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 March 31, 2019, we were in compliance with all applicable covenants.  
v3.19.1
(Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values) (Details) - USD ($)
$ in Millions
Mar. 31, 2019
Sep. 30, 2018
Debt Instrument [Line Items]    
Total $ 9,217.4 $ 9,548.4
Total, Estimated Fair Value 9,271.0 9,322.0
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net (65.4) (69.3)
Hedging Liabilities, Noncurrent (10.5) (39.0)
Total, Carrying Value, net of aggregate unamortized discount 9,141.5 9,440.1
Two Point Zero Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 0.0 350.0
Stated Interest Rate 2.00%  
Effective Interest Rate 2.012%  
Two Point Two Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.20%  
Effective Interest Rate 2.228%  
Two Point Four Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.45%  
Effective Interest Rate 2.511%  
Three Point Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 600.0 600.0
Stated Interest Rate 3.50%  
Effective Interest Rate 3.529%  
Four Point Zero Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750.0 750.0
Stated Interest Rate 4.00%  
Effective Interest Rate 3.958%  
Two Point One Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Debt Instrument, Face Value from Reopening of Previous Issuance $ 250.0 250.0
Stated Interest Rate 2.10%  
Effective Interest Rate 2.293%  
Effective Interest Rate for Reopening of Previous Issuance 1.60%  
Two Point Seven Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.70%  
Effective Interest Rate 2.819%  
Three Point Eight Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750.0 750.0
Stated Interest Rate 3.85%  
Effective Interest Rate 2.859%  
Three Point One Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 3.10%  
Effective Interest Rate 3.107%  
PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 767.4 748.4
Stated Interest Rate 0.372%  
Effective Interest Rate 0.462%  
Three Point Eight Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,250.0 1,250.0
Stated Interest Rate 3.80%  
Effective Interest Rate 3.721%  
Four Point Three Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 350.0 350.0
Stated Interest Rate 4.30%  
Effective Interest Rate 4.348%  
Three Point Seven Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 3.75%  
Effective Interest Rate 3.765%  
Four Point Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 4.50%  
Effective Interest Rate 4.504%  
Fair Value, Inputs, Level 2 [Member] | Two Point Zero Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value $ 0.0 350.0
Fair Value, Inputs, Level 2 [Member] | Two Point Two Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 496.0 490.0
Fair Value, Inputs, Level 2 [Member] | Two Point Four Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 473.0 451.0
Fair Value, Inputs, Level 2 [Member] | Three Point Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 605.0 576.0
Fair Value, Inputs, Level 2 [Member] | Four Point Zero Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 784.0 754.0
Fair Value, Inputs, Level 2 [Member] | Two Point One Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 495.0 489.0
Estimated Fair Value from Reopening of Previous Issuance 248.0 244.0
Fair Value, Inputs, Level 2 [Member] | Two Point Seven Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 500.0 486.0
Fair Value, Inputs, Level 2 [Member] | Three Point Eight Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 780.0 759.0
Fair Value, Inputs, Level 2 [Member] | Three Point One Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 1,010.0 986.0
Fair Value, Inputs, Level 2 [Member] | PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 768.0 743.0
Fair Value, Inputs, Level 2 [Member] | Three Point Eight Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 1,290.0 1,249.0
Fair Value, Inputs, Level 2 [Member] | Four Point Three Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 347.0 330.0
Fair Value, Inputs, Level 2 [Member] | Three Point Seven Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value 452.0 438.0
Fair Value, Inputs, Level 2 [Member] | Four Point Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Estimated Fair Value $ 1,023.0 $ 977.0
v3.19.1
Debt (Summary of long-term debt maturities) (Details) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2019
Sep. 30, 2018
Short-term Debt [Line Items]    
2019 $ 0.0  
2020 1,250.0  
2021 500.0  
2022 1,000.0  
2023 1,517.4  
Thereafter 4,950.0  
Total 9,217.4 $ 9,548.4
Commercial Paper [Member]    
Short-term Debt [Line Items]    
Maximum allowable amount under Commercial Paper Program $ 3,000.0  
Maximum [Member] | Commercial Paper [Member]    
Short-term Debt [Line Items]    
Maximum allowable maturity period of credit under Commercial Paper Program 397 days  
v3.19.1
Equity (Narrative) (Details) - USD ($)
$ / shares in Units, $ in Millions
1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Mar. 31, 2019
Mar. 31, 2019
Apr. 01, 2018
Mar. 23, 2019
Mar. 20, 2019
Nov. 01, 2018
Oct. 02, 2018
Sep. 30, 2018
Equity, Class of Treasury Stock [Line Items]                    
Authorized shares of common stock   2,400,000,000 2,400,000,000 2,400,000,000           2,400,000,000
Par value of common stock   $ 0.001 $ 0.001 $ 0.001           $ 0.001
Authorized shares of preferred stock   7,500,000 7,500,000 7,500,000            
Outstanding shares of preferred stock   0 0 0            
Shares of common stock repurchased       109,300,000 55,900,000          
Total cost of common stock repurchased       $ 7,700.0 $ 3,200.0          
Stock Repurchase Program, Number of Shares Authorized to be Repurchased               120,000,000    
Shares available for repurchase   59,500,000 59,500,000 59,500,000            
Cash dividend declared to shareholders   $ 0.36 $ 0.36 $ 0.36            
Dividends payable, payment date     May 24, 2019              
Dividends payable, record date     May 09, 2019              
September ASR [Member]                    
Equity, Class of Treasury Stock [Line Items]                    
Other Commitment                   $ 5,000.0
Up-Front Payment Under Accelerated Share Repurchase Program                 $ 5,000.0  
Accelerated Share Repurchase, Completion Date   March 2019                
Accelerated Share Repurchases, Final Price Paid Per Share       $ 65.03            
Accelerated Share Repurchases, Settlement (Payment) or Receipt, Shares             4,900,000   72,000,000.0  
MarchASR [Member]                    
Equity, Class of Treasury Stock [Line Items]                    
Other Commitment   $ 2,000.0 $ 2,000.0 $ 2,000.0            
Up-Front Payment Under Accelerated Share Repurchase Program   $ 2,000.0 $ 2,000.0 $ 2,000.0            
Accelerated Share Repurchases, Settlement (Payment) or Receipt, Shares           22,200,000        
Accelerated Share Repurchase Program, Initial Delivery Terms     which approximated 80 percent of the total value              
Accelerated Share Repurchases, Initial Price Paid Per Share   $ 71.96                
Open Market [Member]                    
Equity, Class of Treasury Stock [Line Items]                    
Shares of common stock repurchased       10,200,000            
Total cost of common stock repurchased       $ 713.2            
Maximum [Member] | Scenario, Forecast [Member] | MarchASR [Member]                    
Equity, Class of Treasury Stock [Line Items]                    
Accelerated Share Repurchase, Completion Date June 2019                  
v3.19.1
Equity (Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Dec. 30, 2018
Sep. 30, 2018
Dec. 31, 2017
Oct. 01, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ (5,035.2) $ 4,717.7 $ (5,035.2) $ 4,717.7 $ (2,878.8) $ 1,175.8 $ 5,758.9 $ 5,457.0
Net gains/(losses) in AOCI, beginning of period     (330.3)          
Other comprehensive income/(loss) 71.7 158.2 58.8 188.5        
Net gains/(losses) in AOCI, end of period (271.5)   (271.5)          
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 0.1 (5.0) 0.1 (5.0) (2.9) (4.9) (3.0) (2.5)
Net gains/(losses) recognized in OCI before reclassifications 2.9 (2.6) 4.6 (4.3)        
Net (gains)/losses reclassified from AOCI to earnings 0.1 0.6 0.4 1.8        
Other comprehensive income/(loss) 3.0 (2.0) 5.0 (2.5)        
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4.3 (10.7) 4.3 (10.7) 17.5 17.7 (1.1) (4.1)
Net gains/(losses) recognized in OCI before reclassifications (8.9) (34.3) (16.2) (36.2)        
Net (gains)/losses reclassified from AOCI to earnings (4.3) 24.7 2.8 29.6        
Other comprehensive income/(loss) (13.2) (9.6) (13.4) (6.6)        
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 5.5 (19.1) 5.5 (19.1) 3.3 19.6 13.7 14.0
Net gains/(losses) recognized in OCI before reclassifications 2.2 (32.8) (14.1) (33.1)        
Net (gains)/losses reclassified from AOCI to earnings 0.0 0.0 0.0 0.0        
Other comprehensive income/(loss) 2.2 (32.8) (14.1) (33.1)        
Translation Adjustment [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (281.4) 67.7 (281.4) 67.7 (361.1) (362.7) (134.9) (163.0)
Net gains/(losses) recognized in OCI before reclassifications 79.7 178.5 81.3 213.8        
Net (gains)/losses reclassified from AOCI to earnings 0.0 24.1 0.0 16.9        
Other comprehensive income/(loss) 79.7 202.6 81.3 230.7        
Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (5,036.9) 4,711.2 (5,036.9) 4,711.2 (2,884.9) 1,169.5 5,752.1 5,450.1
Other comprehensive income/(loss) 71.7 158.2 58.8 188.5        
AOCI Attributable to Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (271.5) 32.9 (271.5) 32.9 $ (343.2) $ (330.3) $ (125.3) $ (155.6)
Net gains/(losses) recognized in OCI before reclassifications 75.9 108.8 55.6 140.2        
Net (gains)/losses reclassified from AOCI to earnings (4.2) 49.4 3.2 48.3        
Other comprehensive income/(loss) $ 71.7 $ 158.2 $ 58.8 $ 188.5        
v3.19.1
Equity (Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Sep. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Total cost of common stock repurchased     $ 7,700.0 $ 3,200.0  
Amounts Reclassified from AOCI, Interest income and other, net $ 15.2 $ 35.5 39.9 123.7  
Revenues 6,305.9 6,031.8 12,938.7 12,105.5  
Amounts Reclassified from AOCI, Interest expense (73.9) (35.1) (148.9) (61.0)  
Amounts Reclassified from AOCI, Cost of sales including occupancy costs (2,603.8) (2,514.7) (5,362.5) (5,016.4)  
Gain resulting from acquisition of joint venture 0.0 47.6 0.0 1,373.9  
Gain (Loss) on Disposition of Business 21.0 (4.9) 21.0 496.3  
Amounts Reclassified from AOCI, Tax (expense)/benefit (161.2) (155.8) (366.4) (911.6)  
Reclassification out of Accumulated Other Comprehensive Income [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Amounts Reclassified from AOCI, Total before tax 5.8 (55.3) (2.3) (55.5)  
Amounts Reclassified from AOCI, Tax (expense)/benefit (1.6) 5.9 (0.9) 7.2  
Amounts Reclassified from AOCI, Net of tax 4.2 (49.4) (3.2) (48.3)  
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Amounts Reclassified from AOCI, Net of tax 0.1 0.6 0.4 1.8  
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Amounts Reclassified from AOCI, Interest income and other, net 0.2 (0.8) 0.7 (2.4)  
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Amounts Reclassified from AOCI, Net of tax (4.3) 24.7 2.8 29.6  
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Amounts Reclassified from AOCI, Net of tax 0.0 0.0 0.0 0.0  
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Gain resulting from acquisition of joint venture 0.0 0.0 0.0 0.0  
Translation Adjustment [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Amounts Reclassified from AOCI, Net of tax 0.0 24.1 0.0 16.9  
Translation Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Amounts Reclassified from AOCI, Interest income and other, net 0.0 0.1 0.0 (1.7)  
Interest Rate Contract [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Amounts Reclassified from AOCI, Interest expense 1.4 1.2 2.8 2.4  
Cross-Currency Swap [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Amounts Reclassified from AOCI, Interest income and other, net 1.3 (26.1) (10.4) (26.6)  
Foreign Currency Contract - Other [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Revenues 1.3 (1.4) 2.7 (1.8)  
Foreign Currency and Coffee Contracts [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Amounts Reclassified from AOCI, Cost of sales including occupancy costs 1.6 (4.2) 1.9 (9.9)  
Brazil Retail Operations [Member] | Translation Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Gain (Loss) on Disposition of Business $ 0.0 $ (24.1) 0.0 (24.1)  
East China JV [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Gain resulting from acquisition of joint venture         $ 1,400.0
East China JV [Member] | Translation Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Gain resulting from acquisition of joint venture     0.0 7.2  
Taiwan JV [Member] | Translation Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]          
Gain resulting from acquisition of joint venture     $ 0.0 $ 1.4  
v3.19.1
Employee Stock Plans (Narrative) (Details)
shares in Millions
Mar. 31, 2019
shares
Stock Options and Restricted Stock Units [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP 50.5
Employee Stock Purchase Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP 12.5
v3.19.1
Employee Stock Plans (Stock-Based Compensation Expense Recognized in Consolidated Statement of Earnings) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Stock-based compensation expense $ 94.9 $ 55.1 $ 192.1 $ 116.5
Stock Options [Member]        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Stock-based compensation expense 7.2 7.0 15.5 21.2
Restricted Stock Units (RSUs) [Member]        
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]        
Stock-based compensation expense $ 87.7 $ 48.1 $ 176.6 $ 95.3
v3.19.1
Employee Stock Plans (Stock Option and RSU Transactions) (Details)
shares in Millions, $ in Millions
6 Months Ended
Mar. 31, 2019
USD ($)
shares
Stock Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Options outstanding, October 2, 2016 27.3
Granted, Stock Options 0.5
Options exercised, Stock Options (8.1)
Forfeited/expired, Stock Options (0.5)
Options outstanding, April 2, 2017 19.2
Total unrecognized stock-based compensation expense, net of estimated forfeitures, Stock Options | $ $ 9.3
Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Nonvested RSUs, October 2, 2016 11.2
Granted, RSUs 4.4
RSUs vested, RSUs (2.7)
Forfeited/expired, RSUs (1.3)
Nonvested RSUs, April 2, 2017 11.6
Total unrecognized stock-based compensation expense, net of estimated forfeitures, RSUs | $ $ 274.0
v3.19.1
Income Taxes (Narrative) (Details) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Mar. 31, 2019
Sep. 30, 2018
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]    
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 24.50%
Undistributed Earnings of Foreign Subsidiaries $ 1,300  
Maximum [Member]    
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]    
Deferred Tax Liabilities, Undistributed Foreign Earnings $ 300  
v3.19.1
Earnings Per Share (Narrative) (Details) - shares
shares in Millions
6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Stock Options [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Out-of-the-money stock options 0.0 4.8
v3.19.1
Earnings Per Share (Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Earnings Per Share [Abstract]        
Document Period End Date     Mar. 31, 2019  
Net earnings attributable to Starbucks $ 663.2 $ 660.1 $ 1,423.6 $ 2,910.3
Weighted average common shares outstanding (for basic calculation) 1,239.2 1,394.9 1,240.6 1,407.9
Dilutive effect of outstanding common stock options and RSUs 11.5 11.7 11.5 12.6
Weighted average common and common equivalent shares outstanding (for diluted calculation) 1,250.7 1,406.6 1,252.1 1,420.5
Earnings per share - basic $ 0.54 $ 0.47 $ 1.15 $ 2.07
Earnings per share - diluted $ 0.53 $ 0.47 $ 1.14 $ 2.05
v3.19.1
Segment Reporting (Financial Information For Reportable Operating Segments And All Other Segments) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 24 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Sep. 30, 2018
Segment Reporting Information [Line Items]          
Segment Reporting, Factors Used to Identify Entity's Reportable Segments     Segment information is prepared on the same basis that our ceo, who is our chief operating decision maker, manages the segments, evaluates financial results and makes key operating decisions.    
Revenues $ 6,305.9 $ 6,031.8 $ 12,938.7 $ 12,105.5  
Gain (Loss) on Disposition of Business 21.0 (4.9) 21.0 496.3  
Depreciation and amortization expenses 356.2 331.6 689.6 590.4  
Income from equity investees 62.3 52.7 130.1 142.1  
Operating income/(loss) 857.7 772.5 1,873.4 1,888.6  
Income Tax Expense (Benefit) 161.2 155.8 366.4 911.6  
Operating Segments [Member] | Americas Segment [Member]          
Segment Reporting Information [Line Items]          
Revenues 4,305.9 3,996.3 8,912.0 8,253.9  
Depreciation and amortization expenses 170.7 160.4 336.4 318.4  
Income from equity investees 0.0 0.0 0.0 0.0  
Operating income/(loss) 899.0 801.3 1,910.8 1,779.0  
Operating Segments [Member] | China / Asia Pacific Segment [Member]          
Segment Reporting Information [Line Items]          
Revenues 1,289.1 1,186.4 2,516.5 2,030.0  
Depreciation and amortization expenses 121.4 121.6 238.2 175.3  
Income from equity investees 22.1 16.7 48.5 67.5  
Operating income/(loss) 231.7 204.6 453.1 401.4  
Operating Segments [Member] | EMEA Segment [Member]          
Segment Reporting Information [Line Items]          
Revenues 227.5 251.0 493.8 519.0  
Depreciation and amortization expenses 6.9 8.0 14.7 15.5  
Income from equity investees 0.0 0.0 0.0 0.0  
Operating income/(loss) (2.8) (10.9) 24.2 21.4  
Operating Segments [Member] | Channel Development [Member]          
Segment Reporting Information [Line Items]          
Revenues 446.6 562.6 951.1 1,190.6  
Depreciation and amortization expenses 12.3 0.3 12.4 0.9  
Income from equity investees 40.2 36.0 81.6 74.6  
Operating income/(loss) 149.0 234.0 324.6 503.4  
Operating Segments [Member] | Corporate and Other [Member]          
Segment Reporting Information [Line Items]          
Revenues 36.8 35.5 65.3 112.0  
Depreciation and amortization expenses 44.9 41.3 87.9 80.3  
Income from equity investees 0.0 0.0 0.0 0.0  
Operating income/(loss) (419.2) (456.5) (839.3) (816.6)  
Contract Termination [Member] | Restructuring Charges [Member]          
Segment Reporting Information [Line Items]          
Business Exit Costs 20.5 100.9 29.0 117.5 $ 135.0
Beverage Member          
Segment Reporting Information [Line Items]          
Revenues 3,760.4 3,519.8 7,688.3 6,933.8  
Food Member          
Segment Reporting Information [Line Items]          
Revenues 1,157.9 1,067.1 2,344.3 2,115.4  
Other Products Member          
Segment Reporting Information [Line Items]          
Revenues $ 1,387.6 $ 1,444.9 $ 2,906.1 $ 3,056.3  
Sales Revenue, Net [Member]          
Segment Reporting Information [Line Items]          
Concentration Risk, Percentage 100.00% 100.00% 100.00% 100.00%  
Sales Revenue, Net [Member] | Beverage Member          
Segment Reporting Information [Line Items]          
Concentration Risk, Percentage 60.00% 58.00% 60.00% 57.00%  
Sales Revenue, Net [Member] | Food Member          
Segment Reporting Information [Line Items]          
Concentration Risk, Percentage 18.00% 18.00% 18.00% 17.00%  
Sales Revenue, Net [Member] | Other Products Member          
Segment Reporting Information [Line Items]          
Concentration Risk, Percentage 22.00% 24.00% 22.00% 26.00%  
v3.19.1
Segment Reporting (Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 24 Months Ended 36 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Sep. 30, 2018
Sep. 29, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Operating income/(loss) $ 857.7 $ 772.5 $ 1,873.4 $ 1,888.6    
Income Tax Expense (Benefit) 161.2 155.8 366.4 911.6    
Gain (Loss) on Disposition of Business 21.0 (4.9) 21.0 496.3    
Gain resulting from acquisition of joint venture 0.0 47.6 0.0 1,373.9    
Interest income and other, net 15.2 35.5 39.9 123.7    
Interest expense (73.9) (35.1) (148.9) (61.0)    
Earnings before income taxes 820.0 815.6 1,785.4 3,821.5    
Contract Termination [Member] | Restructuring Charges [Member]            
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Business Exit Costs $ 20.5 $ 100.9 $ 29.0 $ 117.5 $ 135.0  
Scenario, Forecast [Member] | Contract Termination [Member]            
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]            
Business Exit Costs           $ 202.5
v3.19.1
Segment Reporting (Narrative) (Details) - Contract Termination [Member] - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 24 Months Ended 36 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Mar. 31, 2019
Apr. 01, 2018
Sep. 30, 2018
Sep. 29, 2019
Scenario, Forecast [Member]            
Segment Reporting Information [Line Items]            
Business Exit Costs           $ 202.5
Restructuring Charges [Member]            
Segment Reporting Information [Line Items]            
Business Exit Costs $ 20.5 $ 100.9 $ 29.0 $ 117.5 $ 135.0