STARBUCKS CORP, 10-Q filed on 1/26/2021
Quarterly Report
v3.20.4
Document And Entity Information - shares
shares in Millions
 3 Months Ended
Dec. 27, 2020
Jan. 20, 2021
Cover [Abstract]    
Current Fiscal Year End Date --10-03  
Entity Information [Line Items]    
Entity Incorporation, State or Country Code WA  
Title of 12(b) Security Common Stock, par value $0.001 per share  
Document Type 10-Q  
Document Quarterly Report true  
Amendment Flag false  
Document Period End Date Dec. 27, 2020  
Document Transition Report false  
Entity File Number 0-20322  
Document Fiscal Year Focus 2021  
Document Fiscal Period Focus Q1  
Trading Symbol SBUX  
Entity Central Index Key 0000829224  
Current Fiscal Year End Date --10-03  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Common Stock, Shares Outstanding   1,177.3
Entity Registrant Name Starbucks Corporation  
Entity Address, Address Line One 2401 Utah Avenue South  
Entity Address, City or Town Seattle  
Entity Address, State or Province WA  
Entity Address, Postal Zip Code 98134  
City Area Code 206  
Local Phone Number 447-1575  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Shell Company false  
Security Exchange Name NASDAQ  
Entity Tax Identification Number 91-1325671  
Document Information [Line Items]    
Entity Shell Company false  
v3.20.4
Condensed Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Revenues $ 6,749.4 $ 7,097.1
Product and Distribution Costs 2,049.1 2,236.4
Store operating expenses 2,867.3 2,821.5
Other operating expenses 91.8 101.8
Depreciation and amortization expenses 366.1 351.0
General and administrative expenses 472.1 434.2
Restructuring and impairments 72.2 6.3
Total operating expenses 5,918.6 5,951.2
Income from equity investees 82.7 73.9
Operating income 913.5 1,219.8
Interest income and other, net 15.5 15.9
Interest expense (120.7) (91.9)
Earnings before income taxes 808.3 1,143.8
Income tax expense 186.1 258.5
Net earnings including noncontrolling interests 622.2 885.3
Net loss attributable to noncontrolling interests 0.0 (0.4)
Net earnings attributable to Starbucks $ 622.2 $ 885.7
Earnings per share - basic $ 0.53 $ 0.75
Earnings per share - diluted $ 0.53 $ 0.74
Weighted average shares outstanding:    
Basic 1,175.0 1,180.4
Diluted 1,183.0 1,191.0
Company-operated stores [Member]    
Revenues $ 5,726.5 $ 5,780.7
Licensed stores [Member]    
Revenues 613.8 792.0
Product and Service, Other [Member]    
Revenues $ 409.1 $ 524.4
v3.20.4
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Net earnings including noncontrolling interests $ 622.2 $ 885.3
Other comprehensive loss, net of tax:    
Other comprehensive income/(loss) 218.7 111.1
Comprehensive income/(loss) including noncontrolling interests 840.9 996.4
Comprehensive income/(loss) attributable to noncontrolling interests 0.0 (0.4)
Comprehensive income/(loss) attributable to Starbucks 840.9 996.8
Available-for-sale Securities [Member]    
Other comprehensive loss, net of tax:    
Unrealized holding gains/(losses) on available-for-sale securities, before tax (0.5) (0.1)
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit 0.1 0.0
Cash Flow Hedging [Member]    
Other comprehensive loss, net of tax:    
Unrealized gains/(losses) on hedging instruments, before tax 7.7 32.4
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit (2.9) (6.6)
Net Investment Hedging [Member]    
Other comprehensive loss, net of tax:    
Unrealized gains/(losses) on hedging instruments, before tax (30.2) 23.7
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit 7.6 (6.0)
Translation Adjustment [Member]    
Other comprehensive loss, net of tax:    
Translation adjustment and other, before tax 238.7 76.1
Translation adjustment and other, tax (expense)/benefit 0.0 0.0
Other comprehensive income/(loss) 238.7 76.1
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 (3.6) (10.7)
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit) $ 1.8 $ 2.3
v3.20.4
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Par value of common stock $ 0.001 $ 0.001
Authorized shares of common stock 2,400,000,000.0 2,400,000,000.0
Common Stock, Shares, Issued 1,177,200,000 1,173,300,000
Current assets:    
Cash and cash equivalents $ 5,028.1 $ 4,350.9
Short-term investments 235.5 281.2
Accounts receivable, net 888.0 883.4
Inventories 1,471.5 1,551.4
Prepaid expenses and other current assets 734.4 739.5
Total current assets 8,357.5 7,806.4
Long-term investments 190.9 206.1
Equity Investments 496.0 478.7
Property, plant and equipment, net 6,177.9 6,241.4
Operating Lease, Right-of-Use Asset 8,199.4 8,134.1
Deferred income taxes, net 1,792.4 1,789.9
Other long-term assets 541.1 568.6
Other intangible assets 506.4 552.1
Goodwill 3,706.8 3,597.2
TOTAL ASSETS 29,968.4 29,374.5
Current liabilities:    
Accounts payable 1,050.6 997.9
Accrued liabilities 1,616.9 1,160.7
Employee-related Liabilities, Current 685.3 696.0
Accrued Income Taxes, Current 149.7 98.2
Operating Lease, Liability, Current 1,267.6 1,248.8
Deferred Revenue, Current 1,871.2 1,456.5
Short-term Debt 492.6 438.8
Current portion of long-term debt 750.0 1,249.9
Total current liabilities 7,883.9 7,346.8
Long-term debt 14,673.5 14,659.6
Operating Lease, Liability, Noncurrent 7,754.5 7,661.7
Deferred Revenue, Noncurrent 6,597.7 6,598.5
Deferred Tax and Other Liabilities, Noncurrent 962.8 907.3
Total liabilities 37,872.4 37,173.9
Shareholders' deficit:    
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,177.2 shares and 1,173.3 shares, respectively 1.2 1.2
Additional paid-in capital 488.6 373.9
Retained deficit (8,253.6) (7,815.6)
Accumulated other comprehensive loss (145.9) (364.6)
Total shareholders' deficit (7,909.7) (7,805.1)
Noncontrolling interests 5.7 5.7
Total deficit (7,904.0) (7,799.4)
TOTAL LIABILITIES AND EQUITY/(DEFICIT) $ 29,968.4 $ 29,374.5
v3.20.4
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares
Dec. 27, 2020
Sep. 27, 2020
Statement of Financial Position [Abstract]    
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized 2,400,000,000.0 2,400,000,000.0
Common stock, shares issued 1,177,200,000 1,173,300,000
v3.20.4
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
OPERATING ACTIVITIES:    
Net earnings including noncontrolling interests $ 622.2 $ 885.3
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 388.4 369.2
Deferred income taxes, net (6.1) 10.4
Income earned from equity method investees (69.0) (62.9)
Distributions received from equity method investees 77.2 64.3
Stock-based compensation 99.3 90.3
Non-cash lease costs 308.3 294.9
Loss on retirement and impairment of assets 132.6 12.7
Other (10.2) (7.6)
Cash provided by changes in operating assets and liabilities:    
Accounts receivable 19.6 (22.9)
Inventories 90.1 122.8
Prepaid expenses and other current assets 5.2 (28.5)
Income taxes payable 56.9 125.1
Accounts payable 24.8 (110.3)
Deferred revenue 398.9 426.7
Operating lease liability (314.8) (301.6)
Other operating assets and liabilities 12.3 (31.8)
Net cash provided by operating activities 1,835.7 1,836.1
INVESTING ACTIVITIES:    
Purchases of investments (135.5) (38.0)
Sales of investments 91.2 64.6
Maturities and calls of investments 113.7 1.3
Additions to property, plant and equipment (324.2) (394.3)
Other (17.7) (19.9)
Net cash used in investing activities (272.5) (386.3)
FINANCING ACTIVITIES:    
Net proceeds from issuance of commercial paper 0.0 398.9
Net proceeds from issuance of short-term debt 192.9 99.0
Repayments of short-term debt (144.7) 0.0
Repayments of long-term debt (500.0) 0.0
Proceeds from issuance of common stock 102.8 33.1
Cash dividends paid (528.2) (484.2)
Repurchase of common stock 0.0 (1,091.4)
Minimum tax withholdings on share-based awards (88.6) (78.4)
Net cash used in financing activities (965.8) (1,123.0)
Effect of exchange rate changes on cash and cash equivalents 79.8 27.1
Net increase in cash and cash equivalents 677.2 353.9
CASH AND CASH EQUIVALENTS:    
Beginning of period 4,350.9 2,686.6
End of period 5,028.1 3,040.5
Cash paid during the period for:    
Interest, net of capitalized interest 130.0 87.2
Income taxes $ 109.4 $ 92.1
v3.20.4
Condensed Consolidated Statements of Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Parent [Member]
Noncontrolling Interest [Member]
Common Stock, Shares, Outstanding   1,184.6          
Balance, Amount at Sep. 29, 2019 $ (6,231.0) $ 1.2 $ 41.1 $ (5,771.2) $ (503.3) $ (6,232.2) $ 1.2
Net earnings 885.3 0.0 0.0 885.7 0.0 885.7 (0.4)
Other comprehensive income/(loss) 111.1 0.0 0.0 0.0 111.1 111.1 0.0
Stock-based compensation expense 91.3 0.0 91.3 0.0 0.0 91.3 0.0
Exercise of stock options/vesting of RSUs (54.1) $ 0.0 (54.1) 0.0 0.0 (54.1) 0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture   2.8          
Sale of common stock 8.9 $ 0.0 8.9 0.0 0.0 8.9 0.0
Stock Repurchased and Retired During Period, Value (1,107.9) 0.0 (46.1) (1,061.8) 0.0 (1,107.9) 0.0
Dividends, Cash (480.0) $ 0.0 0.0 (480.0) 0.0 (480.0) 0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans   0.1          
Stock Repurchased and Retired During Period, Shares   (13.0)          
Balance, Amount at Dec. 29, 2019 (6,759.1) $ 1.2 41.1 (6,414.8) (387.4) (6,759.9) 0.8
Cumulative effect of adoption of new accounting guidance $ 17.3 $ 0.0 0.0 12.5 4.8 17.3 0.0
Common Stock, Shares, Outstanding   1,174.5          
Dividends Payable, Amount Per Share $ 0.41            
Common Stock, Shares, Outstanding   1,173.3          
Balance, Amount at Sep. 27, 2020 $ (7,799.4) $ 1.2 373.9 (7,815.6) (364.6) (7,805.1) 5.7
Net earnings 622.2 0.0 0.0 622.2 0.0 622.2 0.0
Other comprehensive income/(loss) 218.7 0.0 0.0 0.0 218.7 218.7 0.0
Stock-based compensation expense 100.5 0.0 100.5 0.0 0.0 100.5 0.0
Exercise of stock options/vesting of RSUs 4.0 $ 0.0 4.0 0.0 0.0 4.0 0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture   3.8          
Sale of common stock 10.2 $ 0.0 10.2 0.0 0.0 10.2 0.0
Dividends, Cash (1,058.0) $ 0.0 0.0 (1,058.0) 0.0 (1,058.0) 0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans   0.1          
Balance, Amount at Dec. 27, 2020 (7,904.0) $ 1.2 488.6 (8,253.6) (145.9) (7,909.7) 5.7
Cumulative effect of adoption of new accounting guidance $ (2.2) $ 0.0 $ 0.0 $ (2.2) $ 0.0 $ (2.2) $ 0.0
Common Stock, Shares, Outstanding   1,177.2          
Dividends Payable, Amount Per Share $ 0.90            
v3.20.4
Derivative Financial Instruments
 3 Months Ended
Dec. 27, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Interest Rates
From time to time, we enter into designated cash flow hedges to manage the variability in cash flows due to changes in benchmark interest rates. We enter into interest rate swap agreements and treasury locks, which are synthetic forward sales of U.S. treasury securities settled in cash based upon the difference between an agreed-upon treasury rate and the prevailing treasury rate at settlement. These agreements are cash settled at the time of the pricing of the related debt. Each derivative agreement's gain or loss is recorded in AOCI and is subsequently reclassified to interest expense over the life of the related debt.
To hedge the exposure to changes in the fair value of our fixed-rate debt, we enter into interest rate swap agreements, which are designated as fair value hedges. The changes in fair values of these derivative instruments and the offsetting changes in fair values of the underlying hedged debt due to changes in the relevant benchmark interest rates are recorded in interest expense. Refer to Note 7, Debt, for additional information on our long-term debt.
Foreign Currency
To reduce cash flow volatility from foreign currency fluctuations, we enter into forward and swap contracts to hedge portions of cash flows of anticipated intercompany royalty payments, inventory purchases, and intercompany borrowing and lending activities. The resulting gains and losses from these derivatives are recorded in AOCI and subsequently reclassified to revenue, product and distribution costs, or interest income and other, net, respectively, when the hedged exposures affect net earnings.
From time to time, we may enter into financial instruments, including, but not limited to, forward and swap contracts or foreign currency-denominated debt, to hedge the currency exposure of our net investments in certain international operations. The resulting gains and losses from these derivatives are recorded in AOCI and are subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated.
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 forward contracts, futures contracts and collars to hedge anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 4, Inventories, or our longer-dated forecasted coffee demand where underlying fixed price and price-to-be-fixed contracts are not yet available. The resulting gains and losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.
Depending on market conditions, we may also enter into dairy forward contracts and futures contracts to hedge a portion of anticipated cash flows under our dairy purchase contracts and our forecasted dairy demand. The resulting gains or losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.
Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. For de-designated cash flow hedges in which the underlying transactions are no longer probable of occurring, the related accumulated derivative gains or losses are recognized in interest income and other, net on our consolidated statements of earnings. There was no such significant cash flow hedge dedesignations in the periods presented.
To mitigate the price uncertainty of a portion of our future purchases, including diesel fuel and other commodities, we enter into swap contracts, futures and collars that are not designated as hedging instruments. The resulting gains and losses are recorded in interest income and other, net to help offset price fluctuations on our beverage, food, packaging and transportation costs, which are included in product and distribution costs on our consolidated statements of earnings.
Gains and losses on derivative contracts and foreign currency-denominated debt designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):
Net Gains/(Losses)
Included in AOCI
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months
Outstanding Contract/Debt Remaining Maturity
(Months)
Dec 27, 2020Sep 27, 2020
Cash Flow Hedges:
Coffee$7.4 $(2.5)$1.0 12
Cross-currency swaps5.6 5.2 — 47
Dairy 0.4 0.5 0.4 8
Foreign currency - other(15.4)5.3 (6.4)33
Interest rates(73.5)(90.6)(1.2)142
Net Investment Hedges:
Cross-currency swaps17.9 32.6 — 105
Foreign currency16.0 16.0 — 0
Foreign currency debt(47.4)(37.1)— 39
Pre-tax gains and losses on derivative contracts and foreign currency-denominated long-term debt designated as hedging instruments recognized in OCI and reclassifications from AOCI to earnings (in millions):
Quarter Ended
Gains/(Losses)
Recognized in
OCI Before Reclassifications
Gains/(Losses) Reclassified from
AOCI to Earnings
Location of gain/(loss)
Dec 27, 2020Dec 29, 2019Dec 27, 2020Dec 29, 2019
Cash Flow Hedges:
Coffee$12.0 $11.0 $0.7 $— Product and distribution costs
Cross-currency swaps(3.4)6.2 1.0 (0.2)Interest expense
(4.8)5.6 Interest income and other, net
Dairy2.5 (0.1)2.6 — Product and distribution costs
Foreign currency - other(25.9)(4.7)— 1.7 Licensed stores revenues
— (0.3)Product and distribution costs
Interest rates22.5 20.0 (0.6)0.8 Interest expense
Net Investment Hedges:
Cross-currency swaps (16.5)10.7 3.2 3.3 Interest expense
Foreign currency debt(13.7)13.0 — — 
Pre-tax gains and losses on non-designated derivatives and designated fair value hedging instruments and the related fair value hedged item recognized in earnings (in millions):
Gains/(Losses) Recognized in Earnings
 Location of gain/(loss) recognized in earnings Quarter Ended
 Dec 27, 2020Dec 29, 2019
Non-Designated Derivatives:
Diesel fuel and other commoditiesInterest income and other, net$1.2 $0.9 
Foreign currency - otherInterest income and other, net(0.8)3.4 
Fair Value Hedges:
Interest rate swapInterest expense0.4 (10.9)
Long-term debt (hedged item)Interest expense2.9 4.2 
Notional amounts of outstanding derivative contracts (in millions):
Dec 27, 2020Sep 27, 2020
Coffee$109 $63 
Cross-currency swaps854 870 
Dairy44 61 
Diesel fuel and other commodities11 5 
Foreign currency - other 1,000 1,140 
Interest rate swap1,750 1,750 
Fair value of outstanding derivative contracts (in millions) including the location of the asset and/or liability on the consolidated balance sheets:
Derivative Assets
Balance Sheet LocationDec 27, 2020Sep 27, 2020
Designated Derivative Instruments:
CoffeePrepaid expenses and other current assets$13.6 $2.6 
Cross-currency swapsOther long-term assets17.3 37.7 
DairyPrepaid expenses and other current assets 1.7 2.1 
Foreign currency - otherPrepaid expenses and other current assets1.8 8.6 
Other long-term assets0.3 3.8 
Interest rate swapOther long-term assets35.9 45.8 
Non-designated Derivative Instruments:
Diesel fuel and other commoditiesPrepaid expenses and other current assets0.9 — 
Foreign currencyPrepaid expenses and other current assets6.7 2.3 
Derivative Liabilities
Balance Sheet LocationDec 27, 2020Sep 27, 2020
Designated Derivative Instruments:
CoffeeAccrued liabilities$— $1.4 
Other long-term liabilities— 0.1 
Cross-currency swapsOther long-term liabilities9.9 7.3 
DairyAccrued liabilities1.3 1.4 
Foreign currency - otherAccrued liabilities10.3 1.6 
Other long-term liabilities10.7 2.6 
Interest ratesOther long-term liabilities46.8 69.3 
Non-designated Derivative Instruments:
Diesel fuel and other commoditiesAccrued liabilities0.2 1.7 
Foreign currencyAccrued liabilities1.4 1.2 
The following amounts were recorded on the consolidated balance sheets related to fixed-to-floating interest rate swaps designated in fair value hedging relationships:
Carrying amount of hedged itemCumulative amount of fair value hedging adjustment included in the carrying amount
Dec 27, 2020Sep 27, 2020Dec 27, 2020Sep 27, 2020
Location on the balance sheet
Long-term debt$782.7 $785.6 $32.7 $35.6 
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.
v3.20.4
Fair Value Measurements
 3 Months Ended
Dec. 27, 2020
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
December 27, 2020
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$5,028.1 $5,028.1 $— $— 
Short-term investments:
Available-for-sale debt securities
Certificates of deposit1.6 — 1.6 — 
Commercial paper71.8 — 71.8 — 
Corporate debt securities78.5 — 78.5 — 
Mortgage and other asset-backed securities16.7 — 16.7 — 
State and local government obligations1.0 — 1.0 — 
Total available-for-sale debt securities169.6 — 169.6 — 
Marketable equity securities65.9 65.9 — — 
Total short-term investments235.5 65.9 169.6 — 
Prepaid expenses and other current assets:
Derivative assets24.7 14.6 10.1 — 
Long-term investments:
Available-for-sale debt securities
Auction rate securities5.7 — — 5.7 
Corporate debt securities82.6 — 82.6 — 
Mortgage and other asset-backed securities9.8 — 9.8 — 
State and local government obligations2.6 — 2.6 — 
U.S. government treasury securities90.2 90.2 — — 
Total long-term investments190.9 90.2 95.0 5.7 
Other long-term assets:
Derivative assets53.5 — 53.5 — 
Total assets$5,532.7 $5,198.8 $328.2 $5.7 
Liabilities:
Accrued liabilities:
Derivative liabilities$13.2 $0.8 $12.4 $— 
Other long-term liabilities:
Derivative liabilities67.4 — 67.4 — 
Total liabilities$80.6 $0.8 $79.8 $— 
  Fair Value Measurements at Reporting Date Using
 Balance at
September 27, 2020
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$4,350.9 $4,350.9 $— $— 
Short-term investments:
Available-for-sale debt securities
Certificates of deposit1.6 — 1.6 — 
Commercial paper66.8 — 66.8 — 
Corporate debt securities123.6 — 123.6 — 
Foreign government obligations8.5 — 8.5— 
Mortgage and other asset-backed securities15.8 — 15.8 — 
Total available-for-sale debt securities216.3 — 216.3 — 
Marketable equity securities64.9 64.9 — — 
Total short-term investments281.2 64.9 216.3 — 
Prepaid expenses and other current assets:
Derivative assets15.6 3.6 12.0 — 
Long-term investments:
Available-for-sale debt securities
Auction rate securities5.7 — — 5.7 
Corporate debt securities82.6 — 82.6 — 
Mortgage and other asset-backed securities19.3 — 19.3 — 
State and local government obligations3.6 — 3.6 — 
U.S. government treasury securities94.9 94.9 — — 
Total long-term investments206.1 94.9 105.5 5.7 
Other long-term assets:
Derivative assets87.3 — 87.3 — 
Total assets$4,941.1 $4,514.3 $421.1 $5.7 
Liabilities:
Accrued liabilities:
Derivative liabilities$7.3 $1.9 $5.4 $— 
Other long-term liabilities:
Derivative liabilities79.3 0.1 79.2 — 
Total liabilities$86.6 $2.0 $84.6 $— 
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 December 27, 2020 and September 27, 2020.
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, ROU assets, goodwill and other intangible assets and other assets. These assets are measured at fair value if determined to be impaired. During our first quarter of fiscal 2021, we recorded asset impairment charges, primarily related to restructuring efforts for our North America store portfolio. See Note 1, Summary of Significant Accounting Policies, for further discussion.
The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 7, Debt. There were no material fair value adjustments during the quarters ended December 27, 2020 and December 29, 2019.
v3.20.4
Inventories
 3 Months Ended
Dec. 27, 2020
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block] Inventories (in millions):
Dec 27, 2020Sep 27, 2020
Coffee:
Unroasted$625.8 $664.7 
Roasted226.9 223.5 
Other merchandise held for sale282.0 293.9 
Packaging and other supplies336.8 369.3 
Total$1,471.5 $1,551.4 
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 December 27, 2020, we had committed to purchasing green coffee totaling $809 million under fixed-price contracts and an estimated $554 million under price-to-be-fixed contracts. We expect to take physical delivery for these contracts. A portion of our price-to-be-fixed contracts are effectively fixed through the use of futures. 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 and continuous monitoring, the risk of non-delivery on these purchase commitments is remote.
v3.20.4
Supplemental Balance Sheet and Income Statement
 3 Months Ended
Dec. 27, 2020
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet and Income Statement Disclosures Supplemental Balance Sheet and Statement of Earnings Information (in millions):
Prepaid Expenses and Other Current Assets
Dec 27, 2020Sep 27, 2020
Income tax receivable$332.6 $356.9 
Government subsidies receivable149.3 155.1 
Other prepaid expenses and current assets252.5 227.5 
Total prepaid expenses and current assets$734.4 $739.5 
Property, Plant and Equipment, net
Dec 27, 2020Sep 27, 2020
Land$46.2 $46.0 
Buildings597.4 586.8 
Leasehold improvements8,231.7 8,262.6 
Store equipment2,817.0 2,800.3 
Roasting equipment805.6 796.6 
Furniture, fixtures and other1,274.7 1,285.7 
Work in progress335.8 377.3 
Property, plant and equipment, gross14,108.4 14,155.3 
Accumulated depreciation(7,930.5)(7,913.9)
Property, plant and equipment, net$6,177.9 $6,241.4 
Accrued Liabilities
Dec 27, 2020Sep 27, 2020
Accrued occupancy costs$79.9 $76.9 
Accrued dividends payable529.7 — 
Accrued capital and other operating expenditures629.2 677.2 
Self-insurance reserves221.2 243.9 
Accrued business taxes156.9 162.7 
Total accrued liabilities$1,616.9 $1,160.7 

Store Operating Expenses
Quarter Ended
Dec 27, 2020Dec 29, 2019
Wages and benefits$1,606.2 $1,598.0 
Occupancy costs628.1 618.7 
Other expenses633.0 604.8 
Total store operating expenses$2,867.3 $2,821.5 
v3.20.4
Other Intangible Assets and Goodwill
 3 Months Ended
Dec. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block] Other Intangible Assets and Goodwill
Indefinite-Lived Intangible Assets
(in millions)Dec 27, 2020Sep 27, 2020
Trade names, trademarks and patents$95.4 $95.0 
Finite-Lived Intangible Assets
Dec 27, 2020Sep 27, 2020
(in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired and reacquired rights$1,157.3 $(845.3)$312.0 $1,116.1 $(765.0)$351.1 
Acquired trade secrets and processes27.6 (22.7)4.9 27.6 (22.0)5.6 
Trade names, trademarks and patents125.1 (37.1)88.0 124.8 (32.1)92.7 
Licensing agreements16.9 (15.9)1.0 16.6 (15.0)1.6 
Other finite-lived intangible assets23.7 (18.6)5.1 22.8 (16.7)6.1 
Total finite-lived intangible assets$1,350.6 $(939.6)$411.0 $1,307.9 $(850.8)$457.1 
Amortization expense for finite-lived intangible assets was $61.2 million for the quarter ended December 27, 2020 and $54.1 million for the quarter ended December 29, 2019, respectively.
Estimated future amortization expense as of December 27, 2020 (in millions):
Fiscal YearTotal
2021 (excluding the quarter ended December 27, 2020)
$165.4 
2022190.8 
202319.7 
202419.1 
202513.2 
Thereafter2.8 
Total estimated future amortization expense$411.0 
Goodwill
Changes in the carrying amount of goodwill by reportable operating segment (in millions):
AmericasInternationalChannel
Development		Corporate and OtherTotal
Goodwill balance at September 27, 2020
$496.5 $3,065.0 $34.7 $1.0 $3,597.2 
Other(1)
1.0 108.6 — — 109.6 
Goodwill balance at December 27, 2020
$497.5 $3,173.6 $34.7 $1.0 $3,706.8 
(1)“Other” consists of changes in the goodwill balance resulting from foreign currency translation.
v3.20.4
Debt
 3 Months Ended
Dec. 27, 2020
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 December 27, 2020, we had $299.7 million of borrowings outstanding under the program, net of unamortized discount, of which the majority matures in the second quarter of fiscal 2021.
Additionally, we hold the following Japanese yen-denominated credit facilities that are available for working capital needs and capital expenditures within our Japanese market:
•A ¥10 billion, or $96.5 million, facility is currently set to mature on March 26, 2021. Borrowings under the credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.300%.
•A ¥10 billion, or $96.5 million, facility is currently set to mature on October 29, 2021. Borrowings under the credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.350%.
•A ¥5 billion, or $48.2 million, facility is currently set to mature on December 30, 2021. Borrowings under the credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.400%.
As of December 27, 2020, we had ¥20 billion , or $192.9 million, of borrowings outstanding under these credit facilities.

Long-term Debt
Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):
Dec 27, 2020Sep 27, 2020Stated Interest Rate
Effective Interest Rate(1)
IssuanceAmountEstimated Fair ValueAmountEstimated Fair Value
November 2020 notes(2)
$— $— $500.0 $501.5 2.200 %2.228 %
February 2021 notes500.0 500.6 500.0 502.3 2.100 %2.293 %
February 2021 notes250.0 250.3 250.0 251.1 2.100 %1.600 %
May 2022 notes500.0 506.3 500.0 506.5 1.300 %1.334 %
June 2022 notes500.0 515.0 500.0 517.5 2.700 %2.819 %
March 2023 notes1,000.0 1,056.5 1,000.0 1,058.8 3.100 %3.107 %
October 2023 notes(3)
750.0 814.0 750.0 817.5 3.850 %2.859 %
March 2024 notes(4)
820.1 828.7 806.4 794.4 0.372 %0.462 %
August 2025 notes1,250.0 1,416.7 1,250.0 1,414.5 3.800 %3.721 %
June 2026 notes500.0 540.7 500.0 542.6 2.450 %2.511 %
March 2027 notes500.0 529.0 500.0 528.9 2.000 %2.058 %
March 2028 notes600.0 688.0 600.0 679.5 3.500 %3.529 %
November 2028 notes750.0 888.4 750.0 886.0 4.000 %3.958 %
August 2029 notes1,000.0 1,161.1 1,000.0 1,147.1 3.550 %3.840 %
March 2030 notes750.0 791.6 750.0 778.0 2.250 %3.084 %
November 2030 notes1,250.0 1,344.1 1,250.0 1,325.9 2.550 %2.582 %
June 2045 notes350.0 428.9 350.0 412.4 4.300 %4.348 %
December 2047 notes500.0 582.7 500.0 546.6 3.750 %3.765 %
November 2048 notes1,000.0 1,287.7 1,000.0 1,222.8 4.500 %4.504 %
August 2049 notes1,000.0 1,288.6 1,000.0 1,215.5 4.450 %4.447 %
March 2050 notes500.0 553.3 500.0 517.1 3.350 %3.362 %
November 2050 notes1,250.0 1,436.5 1,250.0 1,332.2 3.500 %3.528 %
Total15,520.1 17,408.7 16,006.4 17,498.7 
Aggregate debt issuance costs and unamortized premium/(discount), net(129.3)(132.5)
Hedge accounting fair value adjustment(3)
32.7 35.6 
Total$15,423.5 $15,909.5 
(1)Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge interest rate risk prior to the debt issuance.
(2)November 2020 notes were repaid in the first quarter of fiscal 2021.
(3)Amount includes the change in fair value due to changes in benchmark interest rates related to our October 2023 notes. Refer to Note 2, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge.
(4)Japanese yen-denominated long-term debt.
The following table summarizes our long-term debt maturities as of December 27, 2020 by fiscal year (in millions):
Fiscal Year Total
2021 $750.0 
20221,000.0 
20231,000.0 
20241,570.1 
20251,250.0 
Thereafter9,950.0 
Total$15,520.1 
v3.20.4
Leases
 3 Months Ended
Dec. 27, 2020
Leases [Abstract]  
Leases Leases
For the quarter ended December 27, 2020, we recognized accelerated lease right-of-use ("ROU") asset amortization costs of $29.6 million, which was recognized within restructuring and impairments on the consolidated statements of earnings.
The components of lease costs (in millions):
Quarter Ended
Dec 27, 2020Dec 29, 2019
Operating lease costs(1)
$409.4 $373.1 
Variable lease costs222.4 228.8 
Short-term lease costs8.7 8.3 
Total lease costs$640.5 $610.2 
(1)Operating lease costs were net of immaterial amounts of sublease income and rent concessions.
The following table includes supplemental information (in millions):
Quarter Ended
Dec 27, 2020Dec 29, 2019
Cash paid related to operating lease liabilities$385.6 $368.9 
Operating lease liabilities arising from obtaining ROU assets353.8 226.4 
Dec 27, 2020Dec 29, 2019
Weighted-average remaining operating lease term8.8 years9.0 years
Weighted-average operating lease discount rate2.5 %2.5 %
Finance lease assets are recorded in property, plant and equipment, net with the corresponding lease liabilities included in accrued liabilities and other long-term liabilities on the consolidated balance sheet. There were no material finance leases as of December 27, 2020.
Minimum future maturities of operating lease liabilities (in millions):
Fiscal YearTotal
2021 (excluding the quarter ended December 27, 2020)
$1,173.9 
20221,463.3 
20231,321.2 
20241,180.3 
20251,030.6 
Thereafter3,992.3 
Total lease payments10,161.6 
Less imputed interest(1,139.5)
Total$9,022.1 
As of December 27, 2020, we have entered into operating leases that have not yet commenced of $723.4 million, primarily related to real estate leases. These leases will commence between fiscal year 2021 and fiscal year 2027 with lease terms ranging from 3 years to 20 years.
v3.20.4
Deferred Revenue
 3 Months Ended
Dec. 27, 2020
Revenue from Contract with Customer Deferred Revenue
Our deferred revenue primarily consists of the prepaid royalty from Nestlé, for which we have continuing performance obligations to support the Global Coffee Alliance, our unredeemed stored value card liability and unredeemed loyalty points (“Stars”) associated with our loyalty program.
At December 27, 2020, the current and long-term deferred revenue related to the Nestlé was $180.3 million and $6.5 billion, respectively. During both quarters ended December 27, 2020 and December 29, 2019, we recognized $44.2 million of prepaid royalty revenue related to Nestlé.
Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):
Quarter Ended December 27, 2020Total
Stored value cards and loyalty program at September 27, 2020
$1,280.5 
Revenue deferred - card activations, card reloads and Stars earned3,437.4 
Revenue recognized - card and Stars redemptions and breakage(2,980.2)
Other(1)
12.3 
Stored value cards and loyalty program at December 27, 2020(2)
$1,750.0 
Quarter Ended December 29, 2019Total
Stored value cards and loyalty program at September 29, 2019
$1,113.7 
Revenue deferred - card activations, card reloads and Stars earned3,507.5 
Revenue recognized - card and Stars redemptions and breakage(3,061.9)
Other(1)
1.7 
Stored value cards and loyalty program at December 29, 2019(2)
$1,561.0 
(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.
(2)As of December 27, 2020 and December 29, 2019, approximately $1,623.7 million and $1,460.9 million of these amounts were current, respectively.
v3.20.4
Equity
 3 Months Ended
Dec. 27, 2020
Equity [Abstract]  
Equity Equity
Changes in AOCI by component, net of tax (in millions):
Quarter Ended Available-for-Sale Debt Securities Cash Flow Hedges Net Investment HedgesTranslation Adjustment and OtherTotal
December 27, 2020
Net gains/(losses) in AOCI, beginning of period$5.7 $(82.1)$11.5 $(299.7)$(364.6)
Net gains/(losses) recognized in OCI before reclassifications(0.4)4.8 (22.6)238.7 220.5 
Net (gains)/losses reclassified from AOCI to earnings(1.2)1.8 (2.4)— (1.8)
Other comprehensive income/(loss) attributable to Starbucks(1.6)6.6 (25.0)238.7 218.7 
Net gains/(losses) in AOCI, end of period$4.1 $(75.5)$(13.5)$(61.0)$(145.9)
December 29, 2019
Net gains/(losses) in AOCI, beginning of period$3.9 $11.0 $(10.1)$(508.1)$(503.3)
Net gains/(losses) recognized in OCI before reclassifications(0.1)25.8 17.7 76.1 119.5 
Net (gains)/losses reclassified from AOCI to earnings0.1 (6.1)(2.4)— (8.4)
Other comprehensive income/(loss) attributable to Starbucks— 19.7 15.3 76.1 111.1 
Cumulative effect of accounting adoption(0.7)3.0 2.5 — 4.8 
Net gains/(losses) in AOCI, end of period$3.2 $33.7 $7.7 $(432.0)$(387.4)
Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):
Quarter Ended
AOCI
Components		Amounts Reclassified from AOCIAffected Line Item in
the Statements of Earnings
Dec 27, 2020Dec 29, 2019
Gains/(losses) on available-for-sale debt securities$1.5 $(0.2)Interest income and other, net
Gains/(losses) on cash flow hedges(1.1)7.6 
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges3.2 3.3 Interest expense
3.6 10.7 Total before tax
(1.8)(2.3)Tax (expense)/benefit
$1.8 $8.4 Net of tax
In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of December 27, 2020.
As of December 27, 2020, 48.9 million shares remained available for repurchase under current authorizations. We have suspended our share repurchase program until we restore certain financial leverage targets, which we currently expect to occur in late fiscal 2021.
On September 30, 2020, which was early in the first quarter of fiscal 2021, our Board of Directors approved a quarterly cash dividend to shareholders of $0.45 per share to be paid on November 27, 2020 to shareholders of record as of the close of business on November 12, 2020. In November 2020, our Board of Directors approved a quarterly cash dividend to shareholders of $0.45 per share to be paid on March 5, 2021 to shareholders of record as of the close of business on February 18, 2021.
v3.20.4
Employee Stock Plans
 3 Months Ended
Dec. 27, 2020
Share-based Payment Arrangement [Abstract]  
Employee Stock Plans Employee Stock Plans
As of December 27, 2020, there were 39.4 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 11.8 million shares available for issuance under our employee stock purchase plan.
Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):
 Quarter Ended
 Dec 27, 2020Dec 29, 2019
Options$0.9 $1.7 
Restricted Stock Units (“RSUs”)98.4 88.6 
Total stock-based compensation expense$99.3 $90.3 

Stock option and RSU transactions from September 27, 2020 through December 27, 2020 (in millions):
Stock OptionsRSUs
Options outstanding/Nonvested RSUs, September 27, 2020
9.2 8.3 
Granted— 3.8 
Options exercised/RSUs vested(1.8)(2.9)
Forfeited/expired(0.1)(0.4)
Options outstanding/Nonvested RSUs, December 27, 2020
7.3 8.8 
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of December 27, 2020
$0.4 $309.7 
v3.20.4
Earnings Per Share
 3 Months Ended
Dec. 27, 2020
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
 Dec 27, 2020Dec 29, 2019
Net earnings attributable to Starbucks$622.2 $885.7 
Weighted average common shares outstanding (for basic calculation)1,175.0 1,180.4 
Dilutive effect of outstanding common stock options and RSUs8.0 10.6 
Weighted average common and common equivalent shares outstanding (for diluted calculation)1,183.0 1,191.0 
EPS — basic$0.53 $0.75 
EPS — diluted$0.53 $0.74 
Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding would exclude 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 be antidilutive. As of December 27, 2020 and December 29, 2019, we had no out-of-the-money stock options
v3.20.4
Commitments and Contingencies
 3 Months Ended
Dec. 27, 2020
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.
On June 3, 2019, the Office of Administrative Law (OAL) approved the coffee exemption regulation. The regulation became effective on October 1, 2019. On June 24, 2019, the Court of Appeal lifted the stay of the litigation. At the status conference on August 25, 2020, the trial judge granted the defendants’ motion for summary judgment, ruling that the coffee exemption regulation is a complete defense to the Plaintiff’s complaint. The Notice of Entry of Judgment from the court was served on October 6, 2020 and the Plaintiff filed a Notice of Appeal on November 20, 2020. Starbucks believes that the likelihood that the Company will ultimately incur a material loss in connection with this litigation is less than reasonably possible. Accordingly, no loss contingency was recorded for this matter.
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.
v3.20.4
Segment Reporting
 3 Months Ended
Dec. 27, 2020
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(1) (in millions):
Quarter Ended
Dec 27, 2020Dec 29, 2019
Beverage(2)
$4,251.9 63 %$4,260.9 60 %
Food(3)
1,140.8 17 %1,162.1 16 %
Other(4)
1,356.7 20 %1,674.1 24 %
Total$6,749.4 100 %$7,097.1 100 %
(1)Certain prior period amounts have been reclassified to conform to current period presentation.
(2)Beverage represents sales within our company-operated stores.
(3)Food includes sales within our company-operated stores.
(4)“Other” primarily consists of packaged and single-serve coffees and teas, serveware, royalty and licensing revenues, beverage-related ingredients 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
AmericasInternationalChannel DevelopmentCorporate and OtherTotal
December 27, 2020
Total net revenues$4,703.2 $1,654.3 $371.4 $20.5 $6,749.4 
Depreciation and amortization expenses188.9 140.0 0.2 37.0 366.1 
Income from equity investees— 26.3 56.4 — 82.7 
Operating income/(loss)813.5 274.8 180.8 (355.6)913.5 
December 29, 2019
Total net revenues$5,010.9 $1,571.1 $494.6 $20.5 $7,097.1 
Depreciation and amortization expenses189.2 126.6 0.3 34.9 351.0 
Income from equity investees— 30.9 43.0 — 73.9 
Operating income/(loss)1,098.8 275.9 175.5 (330.4)1,219.8 
v3.20.4
Summary of Significant Accounting Policies (Policies)
 3 Months Ended
Dec. 27, 2020
Accounting Policies [Abstract]  
Summary Of Significant Accounting Policies (Policies) Summary of Significant Accounting Policies
Financial Statement Preparation
The unaudited consolidated financial statements as of December 27, 2020, and for the quarters ended December 27, 2020 and December 29, 2019, have been prepared by Starbucks Corporation under the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial information for the quarters ended December 27, 2020 and December 29, 2019 reflects all adjustments and accruals, which are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods. In this Quarterly Report on Form 10-Q (“10-Q”), Starbucks Corporation is referred to as “Starbucks,” the “Company,” “we,” “us” or “our.”
The financial information as of September 27, 2020 is derived from our audited consolidated financial statements and notes for the fiscal year ended September 27, 2020 (“fiscal 2020”) included in Item 8 in the Fiscal 2020 Annual Report on Form 10-K (“10-K”). The information included in this 10-Q should be read in conjunction with the footnotes and management’s discussion and analysis of the consolidated financial statements in the 10-K.
The results of operations for the quarter ended December 27, 2020 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending October 3, 2021 (“fiscal 2021”). Additionally, our 2021 fiscal year will include 53 weeks, with the 53rd week falling in the fourth fiscal quarter.
The novel coronavirus, known as the global pandemic COVID-19, was first identified in December 2019 before spreading to markets where we have company-operated or licensed stores. We have since established the necessary protocols to operate safely, and our businesses continue to recover. As of the end of the first quarter of fiscal 2021, nearly all our company-operated and licensed stores have re-opened; however, many were operating at less than full capacity.
Government Subsidies
On March 27, 2020, the U.S. government enacted the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), which among other things, provides employer payroll tax credits for wages paid to employees who are unable to work during the COVID-19 outbreak and options to defer payroll tax payments for a limited period. Based on our evaluation of the CARES Act, we qualify for certain employer payroll tax credits as well as the deferral of payroll tax payments in the future. Additionally, the Canadian government enacted the Canada Emergency Wage Subsidy (“CEWS”) to help employers offset a portion of their employee wages for a limited period. We elected to treat qualified government subsidies from the U.S., Canada and other governments as offsets to the related operating expenses. During the first quarter of fiscal 2021, qualified payroll credits reduced our store operating expenses by $19.8 million on our consolidated statement of earnings. After netting the qualified U.S. payroll tax credits against our payroll tax payable, a receivable of $149.3 million was included in prepaid expenses and other current assets as of December 27, 2020. During the first fiscal quarter of fiscal 2021, we deferred $76.5 million of qualified payroll tax payments, and as of December 27, 2020, deferred payroll tax payments of $227.5 million were included in other long-term liabilities on our consolidated balance sheets.
Restructuring
In fiscal 2020, we announced a plan to optimize our North America store portfolio, primarily in dense metropolitan markets by blending store formats to better cater to changing customer tastes and preferences. As of December 27, 2020, we expect the total number of closures to be approximately 800 stores in the U.S. and Canada. As of December 27, 2020, we have identified 713 stores for closure under our restructuring plans, and as a result we recorded approximately $72.2 million to restructuring and impairments on our consolidated statement of earnings. Of this total, $42.6 million related to the impairment of store assets for which either a triggering event occurred and the assets were determined not to be recoverable or the store was permanently closed. An additional $29.6 million was associated with accelerated amortization of right-of-use (“ROU”) lease assets due to planned store closures prior to the end of contractual lease terms. For impaired store asset groups, we estimated the fair values using an income approach incorporating internal projections of revenue growth and operating expenses that are considered Level 3 fair value measurements, as well as applicable discount rates and market lease rates. The application of these projections and fair value measurements did not have a significant impact on our final impairment decisions given that we plan to fully exit the majority of these identified stores over the next 9 to 12 months.
We expect total future restructuring costs, which are attributable to our Americas segment, to be approximately $100 million to $120 million. These restructuring costs include accelerated amortization or impairments of ROU assets due to planned store closures prior to the end of contractual lease terms ($90 million to $100 million), store impairment and disposal costs not previously recorded as part of our ongoing store impairment process ($10 million to $15 million), with the remaining amount related to employee termination costs. As we have previously recorded impairment charges for stores that may be identified for
closure under our plans, and because store closure decisions are still subject to change, the final costs associated with these store closures may vary from these estimates. These costs will depend on the asset carrying value and remaining lease term of the specific stores identified. Future restructuring costs are expected to be incurred primarily over the next 9 to 12 months as stores are specifically identified for closure or, in the case of lease exit costs, either when a store ceases operations or when a reduced lease term is reasonably certain due to expected, early lease termination.
As of December 27, 2020, restructuring liabilities totaling $24.4 million were included in current and non-current operating lease liability for the remaining outstanding rent liabilities due to landlords. The associated expense was recognized in fiscal 2020 or during the first quarter of fiscal 2021 for stores that were either closed or reasonably certain to close in fiscal 2021. Additionally, $14.9 million of accrued employee termination costs is included in accrued payroll and benefits. Cash payments were immaterial for the first quarter of fiscal 2021.
Recently Adopted Accounting Pronouncements
In June 2016, the FASB issued guidance replacing the incurred loss impairment methodology with a new methodology that reflects current expected credit losses on financial assets, including receivables and available-for-sale securities. The new methodology requires entities to estimate and recognize expected credit losses each reporting period. The guidance was adopted during the first quarter of fiscal 2021 under the modified retrospective approach which included a $2.2 million transition adjustment to opening shareholders' retained deficit on our consolidated statements of equity upon adoption.
Recent Accounting Pronouncements Not Yet Adopted
In March 2020, the FASB issued guidance related to reference rate reform. The pronouncement provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. We are currently evaluating the impact of the transition from LIBOR to alternative reference rates but do not expect a significant impact to our consolidated financial statements.
Recent Accounting Pronouncements (Policies)
Recently Adopted Accounting Pronouncements
In June 2016, the FASB issued guidance replacing the incurred loss impairment methodology with a new methodology that reflects current expected credit losses on financial assets, including receivables and available-for-sale securities. The new methodology requires entities to estimate and recognize expected credit losses each reporting period. The guidance was adopted during the first quarter of fiscal 2021 under the modified retrospective approach which included a $2.2 million transition adjustment to opening shareholders' retained deficit on our consolidated statements of equity upon adoption.
Recent Accounting Pronouncements Not Yet Adopted
In March 2020, the FASB issued guidance related to reference rate reform. The pronouncement provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. We are currently evaluating the impact of the transition from LIBOR to alternative reference rates but do not expect a significant impact to our consolidated financial statements.
v3.20.4
Derivative Financial Instruments (Tables)
 3 Months Ended
Dec. 27, 2020
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)
Dec 27, 2020Sep 27, 2020
Cash Flow Hedges:
Coffee$7.4 $(2.5)$1.0 12
Cross-currency swaps5.6 5.2 — 47
Dairy 0.4 0.5 0.4 8
Foreign currency - other(15.4)5.3 (6.4)33
Interest rates(73.5)(90.6)(1.2)142
Net Investment Hedges:
Cross-currency swaps17.9 32.6 — 105
Foreign currency16.0 16.0 — 0
Foreign currency debt(47.4)(37.1)— 39
Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings
Pre-tax gains and losses on derivative contracts and foreign currency-denominated long-term debt designated as hedging instruments recognized in OCI and reclassifications from AOCI to earnings (in millions):
Quarter Ended
Gains/(Losses)
Recognized in
OCI Before Reclassifications
Gains/(Losses) Reclassified from
AOCI to Earnings
Location of gain/(loss)
Dec 27, 2020Dec 29, 2019Dec 27, 2020Dec 29, 2019
Cash Flow Hedges:
Coffee$12.0 $11.0 $0.7 $— Product and distribution costs
Cross-currency swaps(3.4)6.2 1.0 (0.2)Interest expense
(4.8)5.6 Interest income and other, net
Dairy2.5 (0.1)2.6 — Product and distribution costs
Foreign currency - other(25.9)(4.7)— 1.7 Licensed stores revenues
— (0.3)Product and distribution costs
Interest rates22.5 20.0 (0.6)0.8 Interest expense
Net Investment Hedges:
Cross-currency swaps (16.5)10.7 3.2 3.3 Interest expense
Foreign currency debt(13.7)13.0 — — 
Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings
Pre-tax gains and losses on non-designated derivatives and designated fair value hedging instruments and the related fair value hedged item recognized in earnings (in millions):
Gains/(Losses) Recognized in Earnings
 Location of gain/(loss) recognized in earnings Quarter Ended
 Dec 27, 2020Dec 29, 2019
Non-Designated Derivatives:
Diesel fuel and other commoditiesInterest income and other, net$1.2 $0.9 
Foreign currency - otherInterest income and other, net(0.8)3.4 
Fair Value Hedges:
Interest rate swapInterest expense0.4 (10.9)
Long-term debt (hedged item)Interest expense2.9 4.2 
Notional Amounts of Outstanding Derivative Contracts
Notional amounts of outstanding derivative contracts (in millions):
Dec 27, 2020Sep 27, 2020
Coffee$109 $63 
Cross-currency swaps854 870 
Dairy44 61 
Diesel fuel and other commodities11 5 
Foreign currency - other 1,000 1,140 
Interest rate swap1,750 1,750 
Fair Value of Outstanding Derivative Contracts
Fair value of outstanding derivative contracts (in millions) including the location of the asset and/or liability on the consolidated balance sheets:
Derivative Assets
Balance Sheet LocationDec 27, 2020Sep 27, 2020
Designated Derivative Instruments:
CoffeePrepaid expenses and other current assets$13.6 $2.6 
Cross-currency swapsOther long-term assets17.3 37.7 
DairyPrepaid expenses and other current assets 1.7 2.1 
Foreign currency - otherPrepaid expenses and other current assets1.8 8.6 
Other long-term assets0.3 3.8 
Interest rate swapOther long-term assets35.9 45.8 
Non-designated Derivative Instruments:
Diesel fuel and other commoditiesPrepaid expenses and other current assets0.9 — 
Foreign currencyPrepaid expenses and other current assets6.7 2.3 
Derivative Liabilities
Balance Sheet LocationDec 27, 2020Sep 27, 2020
Designated Derivative Instruments:
CoffeeAccrued liabilities$— $1.4 
Other long-term liabilities— 0.1 
Cross-currency swapsOther long-term liabilities9.9 7.3 
DairyAccrued liabilities1.3 1.4 
Foreign currency - otherAccrued liabilities10.3 1.6 
Other long-term liabilities10.7 2.6 
Interest ratesOther long-term liabilities46.8 69.3 
Non-designated Derivative Instruments:
Diesel fuel and other commoditiesAccrued liabilities0.2 1.7 
Foreign currencyAccrued liabilities1.4 1.2 
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following amounts were recorded on the consolidated balance sheets related to fixed-to-floating interest rate swaps designated in fair value hedging relationships:
Carrying amount of hedged itemCumulative amount of fair value hedging adjustment included in the carrying amount
Dec 27, 2020Sep 27, 2020Dec 27, 2020Sep 27, 2020
Location on the balance sheet
Long-term debt$782.7 $785.6 $32.7 $35.6 
v3.20.4
Fair Value Measurements (Tables)
 3 Months Ended 12 Months Ended
Dec. 27, 2020
Sep. 27, 2020
Fair Value Disclosures [Abstract]    
Assets And Liabilities Measured At Fair Value On A Recurring Basis
  Fair Value Measurements at Reporting Date Using
 Balance at
December 27, 2020
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$5,028.1 $5,028.1 $— $— 
Short-term investments:
Available-for-sale debt securities
Certificates of deposit1.6 — 1.6 — 
Commercial paper71.8 — 71.8 — 
Corporate debt securities78.5 — 78.5 — 
Mortgage and other asset-backed securities16.7 — 16.7 — 
State and local government obligations1.0 — 1.0 — 
Total available-for-sale debt securities169.6 — 169.6 — 
Marketable equity securities65.9 65.9 — — 
Total short-term investments235.5 65.9 169.6 — 
Prepaid expenses and other current assets:
Derivative assets24.7 14.6 10.1 — 
Long-term investments:
Available-for-sale debt securities
Auction rate securities5.7 — — 5.7 
Corporate debt securities82.6 — 82.6 — 
Mortgage and other asset-backed securities9.8 — 9.8 — 
State and local government obligations2.6 — 2.6 — 
U.S. government treasury securities90.2 90.2 — — 
Total long-term investments190.9 90.2 95.0 5.7 
Other long-term assets:
Derivative assets53.5 — 53.5 — 
Total assets$5,532.7 $5,198.8 $328.2 $5.7 
Liabilities:
Accrued liabilities:
Derivative liabilities$13.2 $0.8 $12.4 $— 
Other long-term liabilities:
Derivative liabilities67.4 — 67.4 — 
Total liabilities$80.6 $0.8 $79.8 $— 
  Fair Value Measurements at Reporting Date Using
 Balance at
September 27, 2020
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$4,350.9 $4,350.9 $— $— 
Short-term investments:
Available-for-sale debt securities
Certificates of deposit1.6 — 1.6 — 
Commercial paper66.8 — 66.8 — 
Corporate debt securities123.6 — 123.6 — 
Foreign government obligations8.5 — 8.5— 
Mortgage and other asset-backed securities15.8 — 15.8 — 
Total available-for-sale debt securities216.3 — 216.3 — 
Marketable equity securities64.9 64.9 — — 
Total short-term investments281.2 64.9 216.3 — 
Prepaid expenses and other current assets:
Derivative assets15.6 3.6 12.0 — 
Long-term investments:
Available-for-sale debt securities
Auction rate securities5.7 — — 5.7 
Corporate debt securities82.6 — 82.6 — 
Mortgage and other asset-backed securities19.3 — 19.3 — 
State and local government obligations3.6 — 3.6 — 
U.S. government treasury securities94.9 94.9 — — 
Total long-term investments206.1 94.9 105.5 5.7 
Other long-term assets:
Derivative assets87.3 — 87.3 — 
Total assets$4,941.1 $4,514.3 $421.1 $5.7 
Liabilities:
Accrued liabilities:
Derivative liabilities$7.3 $1.9 $5.4 $— 
Other long-term liabilities:
Derivative liabilities79.3 0.1 79.2 — 
Total liabilities$86.6 $2.0 $84.6 $— 
v3.20.4
Inventories (Tables)
 3 Months Ended
Dec. 27, 2020
Inventory Disclosure [Abstract]  
Inventories
Dec 27, 2020Sep 27, 2020
Coffee:
Unroasted$625.8 $664.7 
Roasted226.9 223.5 
Other merchandise held for sale282.0 293.9 
Packaging and other supplies336.8 369.3 
Total$1,471.5 $1,551.4 
v3.20.4
Supplemental Balance Sheet and Statement of Earnings Information (Tables)
 3 Months Ended
Dec. 27, 2020
Balance Sheet Related Disclosures [Abstract]  
Prepaid Expenses and Other Current Assets
Prepaid Expenses and Other Current Assets
Dec 27, 2020Sep 27, 2020
Income tax receivable$332.6 $356.9 
Government subsidies receivable149.3 155.1 
Other prepaid expenses and current assets252.5 227.5 
Total prepaid expenses and current assets$734.4 $739.5 
Property, Plant And Equipment, net
Property, Plant and Equipment, net
Dec 27, 2020Sep 27, 2020
Land$46.2 $46.0 
Buildings597.4 586.8 
Leasehold improvements8,231.7 8,262.6 
Store equipment2,817.0 2,800.3 
Roasting equipment805.6 796.6 
Furniture, fixtures and other1,274.7 1,285.7 
Work in progress335.8 377.3 
Property, plant and equipment, gross14,108.4 14,155.3 
Accumulated depreciation(7,930.5)(7,913.9)
Property, plant and equipment, net$6,177.9 $6,241.4 
Accrued Liabilities
Dec 27, 2020Sep 27, 2020
Accrued occupancy costs$79.9 $76.9 
Accrued dividends payable529.7 — 
Accrued capital and other operating expenditures629.2 677.2 
Self-insurance reserves221.2 243.9 
Accrued business taxes156.9 162.7 
Total accrued liabilities$1,616.9 $1,160.7 
Income Statement Related Disclosures [Abstract]  
Store Operating Expenses
Store Operating Expenses
Quarter Ended
Dec 27, 2020Dec 29, 2019
Wages and benefits$1,606.2 $1,598.0 
Occupancy costs628.1 618.7 
Other expenses633.0 604.8 
Total store operating expenses$2,867.3 $2,821.5 
v3.20.4
Other Intangible Assets and Goodwill (Tables)
 3 Months Ended
Dec. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Indefinite-Lived Intangible Assets
(in millions)Dec 27, 2020Sep 27, 2020
Trade names, trademarks and patents$95.4 $95.0 
Finite-Lived Intangible Assets
Dec 27, 2020Sep 27, 2020
(in millions)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Acquired and reacquired rights$1,157.3 $(845.3)$312.0 $1,116.1 $(765.0)$351.1 
Acquired trade secrets and processes27.6 (22.7)4.9 27.6 (22.0)5.6 
Trade names, trademarks and patents125.1 (37.1)88.0 124.8 (32.1)92.7 
Licensing agreements16.9 (15.9)1.0 16.6 (15.0)1.6 
Other finite-lived intangible assets23.7 (18.6)5.1 22.8 (16.7)6.1 
Total finite-lived intangible assets$1,350.6 $(939.6)$411.0 $1,307.9 $(850.8)$457.1 
Estimated Future Amortization Expense
Fiscal YearTotal
2021 (excluding the quarter ended December 27, 2020)
$165.4 
2022190.8 
202319.7 
202419.1 
202513.2 
Thereafter2.8 
Total estimated future amortization expense$411.0 
Changed in Carrying Amount of Goodwill by Reportable Operating Segment
AmericasInternationalChannel
Development		Corporate and OtherTotal
Goodwill balance at September 27, 2020
$496.5 $3,065.0 $34.7 $1.0 $3,597.2 
Other(1)
1.0 108.6 — — 109.6 
Goodwill balance at December 27, 2020
$497.5 $3,173.6 $34.7 $1.0 $3,706.8 
v3.20.4
Debt (Tables)
 3 Months Ended
Dec. 27, 2020
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):
Dec 27, 2020Sep 27, 2020Stated Interest Rate
Effective Interest Rate(1)
IssuanceAmountEstimated Fair ValueAmountEstimated Fair Value
November 2020 notes(2)
$— $— $500.0 $501.5 2.200 %2.228 %
February 2021 notes500.0 500.6 500.0 502.3 2.100 %2.293 %
February 2021 notes250.0 250.3 250.0 251.1 2.100 %1.600 %
May 2022 notes500.0 506.3 500.0 506.5 1.300 %1.334 %
June 2022 notes500.0 515.0 500.0 517.5 2.700 %2.819 %
March 2023 notes1,000.0 1,056.5 1,000.0 1,058.8 3.100 %3.107 %
October 2023 notes(3)
750.0 814.0 750.0 817.5 3.850 %2.859 %
March 2024 notes(4)
820.1 828.7 806.4 794.4 0.372 %0.462 %
August 2025 notes1,250.0 1,416.7 1,250.0 1,414.5 3.800 %3.721 %
June 2026 notes500.0 540.7 500.0 542.6 2.450 %2.511 %
March 2027 notes500.0 529.0 500.0 528.9 2.000 %2.058 %
March 2028 notes600.0 688.0 600.0 679.5 3.500 %3.529 %
November 2028 notes750.0 888.4 750.0 886.0 4.000 %3.958 %
August 2029 notes1,000.0 1,161.1 1,000.0 1,147.1 3.550 %3.840 %
March 2030 notes750.0 791.6 750.0 778.0 2.250 %3.084 %
November 2030 notes1,250.0 1,344.1 1,250.0 1,325.9 2.550 %2.582 %
June 2045 notes350.0 428.9 350.0 412.4 4.300 %4.348 %
December 2047 notes500.0 582.7 500.0 546.6 3.750 %3.765 %
November 2048 notes1,000.0 1,287.7 1,000.0 1,222.8 4.500 %4.504 %
August 2049 notes1,000.0 1,288.6 1,000.0 1,215.5 4.450 %4.447 %
March 2050 notes500.0 553.3 500.0 517.1 3.350 %3.362 %
November 2050 notes1,250.0 1,436.5 1,250.0 1,332.2 3.500 %3.528 %
Total15,520.1 17,408.7 16,006.4 17,498.7 
Aggregate debt issuance costs and unamortized premium/(discount), net(129.3)(132.5)
Hedge accounting fair value adjustment(3)
32.7 35.6 
Total$15,423.5 $15,909.5 
(1)Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge interest rate risk prior to the debt issuance.
(2)November 2020 notes were repaid in the first quarter of fiscal 2021.
(3)Amount includes the change in fair value due to changes in benchmark interest rates related to our October 2023 notes. Refer to Note 2, Derivative Financial Instruments, for additional information on our interest rate swap designated as a fair value hedge.
(4)Japanese yen-denominated long-term debt.
Long-Term Debt Maturities
The following table summarizes our long-term debt maturities as of December 27, 2020 by fiscal year (in millions):
Fiscal Year Total
2021 $750.0 
20221,000.0 
20231,000.0 
20241,570.1 
20251,250.0 
Thereafter9,950.0 
Total$15,520.1 
v3.20.4
Leases (Tables)
 3 Months Ended
Dec. 27, 2020
Leases [Abstract]  
Lease, Cost
The components of lease costs (in millions):
Quarter Ended
Dec 27, 2020Dec 29, 2019
Operating lease costs(1)
$409.4 $373.1 
Variable lease costs222.4 228.8 
Short-term lease costs8.7 8.3 
Total lease costs$640.5 $610.2 
(1)Operating lease costs were net of immaterial amounts of sublease income and rent concessions
Supplemental Lease Disclosure
The following table includes supplemental information (in millions):
Quarter Ended
Dec 27, 2020Dec 29, 2019
Cash paid related to operating lease liabilities$385.6 $368.9 
Operating lease liabilities arising from obtaining ROU assets353.8 226.4 
Dec 27, 2020Dec 29, 2019
Weighted-average remaining operating lease term8.8 years9.0 years
Weighted-average operating lease discount rate2.5 %2.5 %
Schedule of Future Minimum Rental Payments for Operating Leases
Minimum future maturities of operating lease liabilities (in millions):
Fiscal YearTotal
2021 (excluding the quarter ended December 27, 2020)
$1,173.9 
20221,463.3 
20231,321.2 
20241,180.3 
20251,030.6 
Thereafter3,992.3 
Total lease payments10,161.6 
Less imputed interest(1,139.5)
Total$9,022.1 
v3.20.4
Deferred Revenue (Tables)
 3 Months Ended
Dec. 27, 2020
Revenue from Contract with Customer [Abstract]  
Changes in Deferred Revenue Balance Related to Stored Value Cards and Loyalty Program
Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):
Quarter Ended December 27, 2020Total
Stored value cards and loyalty program at September 27, 2020
$1,280.5 
Revenue deferred - card activations, card reloads and Stars earned3,437.4 
Revenue recognized - card and Stars redemptions and breakage(2,980.2)
Other(1)
12.3 
Stored value cards and loyalty program at December 27, 2020(2)
$1,750.0 
Quarter Ended December 29, 2019Total
Stored value cards and loyalty program at September 29, 2019
$1,113.7 
Revenue deferred - card activations, card reloads and Stars earned3,507.5 
Revenue recognized - card and Stars redemptions and breakage(3,061.9)
Other(1)
1.7 
Stored value cards and loyalty program at December 29, 2019(2)
$1,561.0 
(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.
(2)As of December 27, 2020 and December 29, 2019, approximately $1,623.7 million and $1,460.9 million of these amounts were current, respectively.
v3.20.4
Equity (Tables)
 3 Months Ended
Dec. 27, 2020
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income by component, net of tax Equity
Changes in AOCI by component, net of tax (in millions):
Quarter Ended Available-for-Sale Debt Securities Cash Flow Hedges Net Investment HedgesTranslation Adjustment and OtherTotal
December 27, 2020
Net gains/(losses) in AOCI, beginning of period$5.7 $(82.1)$11.5 $(299.7)$(364.6)
Net gains/(losses) recognized in OCI before reclassifications(0.4)4.8 (22.6)238.7 220.5 
Net (gains)/losses reclassified from AOCI to earnings(1.2)1.8 (2.4)— (1.8)
Other comprehensive income/(loss) attributable to Starbucks(1.6)6.6 (25.0)238.7 218.7 
Net gains/(losses) in AOCI, end of period$4.1 $(75.5)$(13.5)$(61.0)$(145.9)
December 29, 2019
Net gains/(losses) in AOCI, beginning of period$3.9 $11.0 $(10.1)$(508.1)$(503.3)
Net gains/(losses) recognized in OCI before reclassifications(0.1)25.8 17.7 76.1 119.5 
Net (gains)/losses reclassified from AOCI to earnings0.1 (6.1)(2.4)— (8.4)
Other comprehensive income/(loss) attributable to Starbucks— 19.7 15.3 76.1 111.1 
Cumulative effect of accounting adoption(0.7)3.0 2.5 — 4.8 
Net gains/(losses) in AOCI, end of period$3.2 $33.7 $7.7 $(432.0)$(387.4)
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 AOCIAffected Line Item in
the Statements of Earnings
Dec 27, 2020Dec 29, 2019
Gains/(losses) on available-for-sale debt securities$1.5 $(0.2)Interest income and other, net
Gains/(losses) on cash flow hedges(1.1)7.6 
Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges3.2 3.3 Interest expense
3.6 10.7 Total before tax
(1.8)(2.3)Tax (expense)/benefit
$1.8 $8.4 Net of tax
v3.20.4
Employee Stock Plans (Tables)
 3 Months Ended
Dec. 27, 2020
Share-based Payment Arrangement [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
 Dec 27, 2020Dec 29, 2019
Options$0.9 $1.7 
Restricted Stock Units (“RSUs”)98.4 88.6 
Total stock-based compensation expense$99.3 $90.3 
Stock Option and RSU Transactions
Stock option and RSU transactions from September 27, 2020 through December 27, 2020 (in millions):
Stock OptionsRSUs
Options outstanding/Nonvested RSUs, September 27, 2020
9.2 8.3 
Granted— 3.8 
Options exercised/RSUs vested(1.8)(2.9)
Forfeited/expired(0.1)(0.4)
Options outstanding/Nonvested RSUs, December 27, 2020
7.3 8.8 
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of December 27, 2020
$0.4 $309.7 
v3.20.4
Earnings Per Share (Tables)
 3 Months Ended
Dec. 27, 2020
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
 Dec 27, 2020Dec 29, 2019
Net earnings attributable to Starbucks$622.2 $885.7 
Weighted average common shares outstanding (for basic calculation)1,175.0 1,180.4 
Dilutive effect of outstanding common stock options and RSUs8.0 10.6 
Weighted average common and common equivalent shares outstanding (for diluted calculation)1,183.0 1,191.0 
EPS — basic$0.53 $0.75 
EPS — diluted$0.53 $0.74 
v3.20.4
Segment Reporting (Tables)
 3 Months Ended
Dec. 27, 2020
Revenue from External Customer [Line Items]  
Revenue from External Customers by Products and Services [Table Text Block]
Consolidated revenue mix by product type(1) (in millions):
Quarter Ended
Dec 27, 2020Dec 29, 2019
Beverage(2)
$4,251.9 63 %$4,260.9 60 %
Food(3)
1,140.8 17 %1,162.1 16 %
Other(4)
1,356.7 20 %1,674.1 24 %
Total$6,749.4 100 %$7,097.1 100 %
(1)Certain prior period amounts have been reclassified to conform to current period presentation.
(2)Beverage represents sales within our company-operated stores.
(3)Food includes sales within our company-operated stores.
(4)“Other” primarily consists of packaged and single-serve coffees and teas, serveware, royalty and licensing revenues, beverage-related ingredients 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
AmericasInternationalChannel DevelopmentCorporate and OtherTotal
December 27, 2020
Total net revenues$4,703.2 $1,654.3 $371.4 $20.5 $6,749.4 
Depreciation and amortization expenses188.9 140.0 0.2 37.0 366.1 
Income from equity investees— 26.3 56.4 — 82.7 
Operating income/(loss)813.5 274.8 180.8 (355.6)913.5 
December 29, 2019
Total net revenues$5,010.9 $1,571.1 $494.6 $20.5 $7,097.1 
Depreciation and amortization expenses189.2 126.6 0.3 34.9 351.0 
Income from equity investees— 30.9 43.0 — 73.9 
Operating income/(loss)1,098.8 275.9 175.5 (330.4)1,219.8 
v3.20.4
Summary of Significant Accounting Policies (Details)
$ in Millions
 3 Months Ended
Dec. 27, 2020
USD ($)
store
Sep. 28, 2020
USD ($)
Sep. 27, 2020
USD ($)
Payroll Tax Incentives $ 19.8    
Government subsidies receivables 149.3   $ 155.1
Deferred Payroll Tax Payments, Noncurrent 227.5    
Deferred Payroll Tax Payments $ 76.5    
Identified Store Closures | store 713    
Operating Lease, Liability $ 9,022.1    
Employee-related Liabilities, Current 685.3   696.0
Retained Earnings (Accumulated Deficit) (8,253.6)   $ (7,815.6)
Restructuring and Related Cost, Incurred Cost $ 72.2    
Accounting Standards Update 2016-13 [Member]      
Retained Earnings (Accumulated Deficit)   $ 2.2  
Minimum [Member]      
Timing of Store Closures 9    
Restructuring and Related Cost, Expected Cost $ 100.0    
Maximum [Member]      
Timing of Store Closures 12    
Restructuring and Related Cost, Expected Cost $ 120.0    
Facility Closing [Member]      
Restructuring and Related Cost, Incurred Cost 42.6    
Facility Closing [Member] | Minimum [Member]      
Restructuring and Related Cost, Expected Cost 10.0    
Facility Closing [Member] | Maximum [Member]      
Restructuring and Related Cost, Expected Cost 15.0    
lease termination [Member]      
Operating Lease, Liability 24.4    
Restructuring and Related Cost, Incurred Cost 29.6    
lease termination [Member] | Minimum [Member]      
Restructuring and Related Cost, Expected Cost 90.0    
lease termination [Member] | Maximum [Member]      
Restructuring and Related Cost, Expected Cost 100.0    
Employee Severance [Member]      
Employee-related Liabilities, Current $ 14.9    
US and Canada [Member]      
Number of Store Closures | store 800    
v3.20.4
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
Dec. 27, 2020
Sep. 27, 2020
Cash Flow Hedging [Member] | Interest Rate Contract [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ (73.5) $ (90.6)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ (1.2)  
Outstanding Contract Remaining Maturity (Months) 142 months  
Cash Flow Hedging [Member] | Cross-Currency Swap [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ 5.6 5.2
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.0  
Outstanding Contract Remaining Maturity (Months) 47 months  
Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ (15.4) 5.3
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ (6.4)  
Outstanding Contract Remaining Maturity (Months) 33 months  
Cash Flow Hedging [Member] | Coffee Contracts [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ 7.4 (2.5)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 1.0  
Outstanding Contract Remaining Maturity (Months) 12 months  
Cash Flow Hedging [Member] | Dairy Contracts [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ 0.4 0.5
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months $ 0.4  
Outstanding Contract Remaining Maturity (Months) 8 months  
Net Investment Hedging [Member] | Cross-Currency Swap [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Net Gains/(Losses) Included in AOCI $ 17.9 32.6
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months $ 0.0  
Outstanding Contract Remaining Maturity (Months) 105 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 Investment Hedge Gain (Loss) to be Reclassified within Twelve 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 $ (47.4) $ (37.1)
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months $ 0.0  
Outstanding Contract Remaining Maturity (Months) 39 months  
v3.20.4
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
Dec. 27, 2020
Dec. 29, 2019
Sep. 27, 2020
Cash Flow Hedging [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Recognized in OCI Before Reclassifications $ 7.7 $ 32.4  
Net Investment Hedging [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Recognized in OCI Before Reclassifications (30.2) 23.7  
Net Investment Hedging [Member] | Cross-Currency Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivatives used in Net Investment Hedge, Net of Tax 17.9   $ 32.6
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivatives used in Net Investment Hedge, Net of Tax 16.0   16.0
Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Derivatives used in Net Investment Hedge, Net of Tax (47.4)   $ (37.1)
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 12.0 11.0  
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 (3.4) 6.2  
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Dairy Contracts [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Recognized in OCI Before Reclassifications 2.5 (0.1)  
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 (25.9) (4.7)  
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 22.5 20.0  
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Cross-Currency Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Recognized in OCI Before Reclassifications (16.5) 10.7  
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Recognized in OCI Before Reclassifications (13.7) 13.0  
Gains/(Losses) Reclassified from AOCI to Earnings 0.0 0.0  
Product and distribution costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Coffee Contracts [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Reclassified from AOCI to Earnings 0.7 0.0  
Product and distribution costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Dairy Contracts [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Reclassified from AOCI to Earnings 2.6 0.0  
Product and distribution costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Reclassified from AOCI to Earnings 0.0 (0.3)  
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Reclassified from AOCI to Earnings 1.0 (0.2)  
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Reclassified from AOCI to Earnings (0.6) 0.8  
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Cross-Currency Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Reclassified from AOCI to Earnings 3.2 3.3  
Interest and Other Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Reclassified from AOCI to Earnings (4.8) 5.6  
Franchised Units Revenue [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains/(Losses) Reclassified from AOCI to Earnings $ 0.0 $ 1.7  
v3.20.4
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
Dec. 27, 2020
Dec. 29, 2019
Interest Expense [Member] | Interest Rate Swap [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net $ 0.4 $ (10.9)
Interest Expense [Member] | Long-term Debt [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Derivative, Gain (Loss) on Derivative, Net 2.9 4.2
Interest and Other Income [Member] | Diesel and Other Contracts [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains/(Losses) Recognized in Earnings 1.2 0.9
Interest and Other Income [Member] | Foreign Currency Contract - Other [Member]    
Derivative Instruments, Gain (Loss) [Line Items]    
Gains/(Losses) Recognized in Earnings $ (0.8) $ 3.4
v3.20.4
Derivative and Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Coffee Contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount $ 109 $ 63
Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 854 870
Dairy Contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 44 61
Diesel and Other Contracts [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 11 5
Interest Rate Contract [Member]    
Derivative [Line Items]    
Derivative, Notional Amount 1,750 1,750
Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative, Notional Amount $ 1,000 $ 1,140
v3.20.4
Derivative Financial Instruments Derivative Financial Instruments (Fair Value of Outstanding Derivative Contracts) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Coffee Contracts [Member]    
Derivative [Line Items]    
Derivative Assets $ 13.6 $ 2.6
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Dairy Contracts [Member]    
Derivative [Line Items]    
Derivative Assets 1.7 2.1
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Assets 1.8 8.6
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]    
Derivative [Line Items]    
Derivative Assets 0.9 0.0
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Assets 6.7 2.3
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative Assets 17.3 37.7
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Assets 0.3 3.8
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]    
Derivative [Line Items]    
Derivative Assets 35.9 45.8
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Coffee Contracts [Member]    
Derivative [Line Items]    
Derivative Liabilities 0.0 1.4
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Dairy Contracts [Member]    
Derivative [Line Items]    
Derivative Liabilities 1.3 1.4
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Liabilities 10.3 1.6
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]    
Derivative [Line Items]    
Derivative Liabilities 0.2 1.7
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Liabilities 1.4 1.2
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Coffee Contracts [Member]    
Derivative [Line Items]    
Derivative Liabilities 0.0 0.1
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]    
Derivative [Line Items]    
Derivative Liabilities 9.9 7.3
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]    
Derivative [Line Items]    
Derivative Liabilities 10.7 2.6
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]    
Derivative [Line Items]    
Derivative Liabilities $ 46.8 $ 69.3
v3.20.4
Derivative Financial Instruments Interest Rate Swaps (Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position) (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - Long-term Debt [Member] - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability $ 782.7 $ 785.6
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease) $ 32.7 $ 35.6
v3.20.4
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Assets:    
Total short-term investments $ 235.5 $ 281.2
Total Assets 5,532.7 4,941.1
Liabilities:    
Financial Liabilities Fair Value Disclosure 80.6 86.6
Cash and Cash Equivalents [Member]    
Assets:    
Cash and cash equivalents 5,028.1 4,350.9
Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 169.6 216.3
Equity Securities, FV-NI 65.9 64.9
Total short-term investments 235.5 281.2
Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets, current 24.7 15.6
Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 190.9 206.1
Other Long-Term Assets [Member]    
Assets:    
Derivative assets, Noncurrent 53.5 87.3
Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities, Current 13.2 7.3
Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities, Noncurrent 67.4 79.3
Auction Rate Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 5.7 5.7
Certificates of Deposit | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 1.6 1.6
Commercial Paper [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 71.8 66.8
Corporate Debt Securities [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 78.5 123.6
Corporate Debt Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 82.6 82.6
Foreign Government Obligations [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale   8.5
Mortgage and Other Asset-backed Securities [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 16.7 15.8
Mortgage and Other Asset-backed Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 9.8 19.3
State and Local Government Obligations [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 1.0  
State and Local Government Obligations [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 2.6 3.6
U.S. Government Treasury Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 90.2 94.9
Fair Value, Inputs, Level 1 [Member]    
Assets:    
Total Assets 5,198.8 4,514.3
Liabilities:    
Financial Liabilities Fair Value Disclosure 0.8 2.0
Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member]    
Assets:    
Cash and cash equivalents 5,028.1 4,350.9
Fair Value, Inputs, Level 1 [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Equity Securities, FV-NI 65.9 64.9
Total short-term investments 65.9 64.9
Fair Value, Inputs, Level 1 [Member] | Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets, current 14.6 3.6
Fair Value, Inputs, Level 1 [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 90.2 94.9
Fair Value, Inputs, Level 1 [Member] | Other Long-Term Assets [Member]    
Assets:    
Derivative assets, Noncurrent 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities, Current 0.8 1.9
Fair Value, Inputs, Level 1 [Member] | Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities, Noncurrent 0.0 0.1
Fair Value, Inputs, Level 1 [Member] | Auction Rate Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Certificates of Deposit | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Commercial Paper [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Foreign Government Obligations [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale   0.0
Fair Value, Inputs, Level 1 [Member] | Mortgage and Other Asset-backed Securities [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | Mortgage and Other Asset-backed Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | State and Local Government Obligations [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0  
Fair Value, Inputs, Level 1 [Member] | State and Local Government Obligations [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 1 [Member] | U.S. Government Treasury Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 90.2 94.9
Fair Value, Inputs, Level 2 [Member]    
Assets:    
Total Assets 328.2 421.1
Liabilities:    
Financial Liabilities Fair Value Disclosure 79.8 84.6
Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equivalents [Member]    
Assets:    
Cash and cash equivalents 0.0 0.0
Fair Value, Inputs, Level 2 [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 169.6 216.3
Equity Securities, FV-NI 0.0 0.0
Total short-term investments 169.6 216.3
Fair Value, Inputs, Level 2 [Member] | Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets, current 10.1 12.0
Fair Value, Inputs, Level 2 [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 95.0 105.5
Fair Value, Inputs, Level 2 [Member] | Other Long-Term Assets [Member]    
Assets:    
Derivative assets, Noncurrent 53.5 87.3
Fair Value, Inputs, Level 2 [Member] | Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities, Current 12.4 5.4
Fair Value, Inputs, Level 2 [Member] | Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities, Noncurrent 67.4 79.2
Fair Value, Inputs, Level 2 [Member] | Auction Rate Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 1.6 1.6
Fair Value, Inputs, Level 2 [Member] | Commercial Paper [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 71.8 66.8
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 78.5 123.6
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 82.6 82.6
Fair Value, Inputs, Level 2 [Member] | Foreign Government Obligations [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale   8.5
Fair Value, Inputs, Level 2 [Member] | Mortgage and Other Asset-backed Securities [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 16.7 15.8
Fair Value, Inputs, Level 2 [Member] | Mortgage and Other Asset-backed Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 9.8 19.3
Fair Value, Inputs, Level 2 [Member] | State and Local Government Obligations [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 1.0  
Fair Value, Inputs, Level 2 [Member] | State and Local Government Obligations [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 2.6 3.6
Fair Value, Inputs, Level 2 [Member] | U.S. Government Treasury Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 3 [Member]    
Assets:    
Total Assets 5.7 5.7
Liabilities:    
Financial Liabilities Fair Value Disclosure 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Cash and Cash Equivalents [Member]    
Assets:    
Cash and cash equivalents 0.0 0.0
Fair Value, 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
Fair Value, Inputs, Level 3 [Member] | Prepaid Expenses and Other Current Assets [Member]    
Assets:    
Derivative assets, current 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 5.7 5.7
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Assets [Member]    
Assets:    
Derivative assets, Noncurrent 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Accrued Liabilities [Member]    
Liabilities:    
Derivative liabilities, Current 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Liabilities [Member]    
Liabilities:    
Derivative liabilities, Noncurrent 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Auction Rate Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 5.7 5.7
Fair Value, Inputs, Level 3 [Member] | Certificates of Deposit | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Commercial Paper [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Foreign Government Obligations [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale   0.0
Fair Value, Inputs, Level 3 [Member] | Mortgage and Other Asset-backed Securities [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | Mortgage and Other Asset-backed Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | State and Local Government Obligations [Member] | Short-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0  
Fair Value, Inputs, Level 3 [Member] | State and Local Government Obligations [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale 0.0 0.0
Fair Value, Inputs, Level 3 [Member] | U.S. Government Treasury Securities [Member] | Long-term Investments [Member]    
Assets:    
Debt Securities, Available-for-sale $ 0.0 $ 0.0
v3.20.4
Inventories (Narrative) (Details)
$ in Millions
 3 Months Ended
Dec. 27, 2020
USD ($)
Fixed-price Contract [Member]  
Inventory [Line Items]  
Amount of coffee committed to be purchased $ 809.0
Price-to-be-fixed Contract [Member]  
Inventory [Line Items]  
Amount of coffee committed to be purchased $ 554.0
v3.20.4
Inventories (Components of Inventory) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Inventory Disclosure [Abstract]    
Unroasted $ 625.8 $ 664.7
Roasted 226.9 223.5
Other merchandise held for sale 282.0 293.9
Packaging and other supplies 336.8 369.3
Total $ 1,471.5 $ 1,551.4
v3.20.4
Supplemental Balance Sheet Information (Prepaid Expenses and Other Current Assets) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Prepaid Expenses and Other Current Assets [Line Items]    
Government subsidies receivables $ 149.3 $ 155.1
Income tax receivable 332.6 356.9
Other prepaid expenses and current assets 252.5 227.5
Prepaid expenses and other current assets $ 734.4 $ 739.5
v3.20.4
Supplemental Balance Sheet Information (Property, Plant And Equipment, net) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 14,108.4 $ 14,155.3
Accumulated depreciation (7,930.5) (7,913.9)
Property, plant and equipment, net 6,177.9 6,241.4
Land [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 46.2 46.0
Buildings [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 597.4 586.8
Leasehold Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 8,231.7 8,262.6
Store Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 2,817.0 2,800.3
Roasting Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 805.6 796.6
Furniture, Fixtures and Other [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross 1,274.7 1,285.7
Work in Progress [Member]    
Property, Plant and Equipment [Line Items]    
Property, plant and equipment, gross $ 335.8 $ 377.3
v3.20.4
Supplemental Balance Sheet Information (Accrued Liabilities) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Accrued Liabilities [Line Items]    
Accrued occupancy costs $ 79.9 $ 76.9
Dividends Payable, Current 529.7 0.0
Other Accrued Liabilities, Current 629.2 677.2
Self Insurance Reserve, Current 221.2 243.9
Accrued Income Taxes 156.9 162.7
Accrued liabilities $ 1,616.9 $ 1,160.7
v3.20.4
Supplemental Income Statement Information (Store Operating Expenses) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Store Operating Expenses [Line Items]    
Labor and Related Expense $ 1,606.2 $ 1,598.0
store occupancy cost 628.1 618.7
Other Store Operating Expenses 633.0 604.8
Store operating expenses $ 2,867.3 $ 2,821.5
v3.20.4
Intangible Assets, Goodwill and Other (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Finite-Lived Intangible Assets [Line Items]    
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months $ 61.2 $ 54.1
v3.20.4
Other Intangible Assets and Goodwill (Indefinite-Lived Intangible Assets) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Trade names, trademarks and patents [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Indefinite-lived Intangible Assets $ 95.4 $ 95.0
v3.20.4
Other Intangible Assets and Goodwill (Finite-Lived Intangible Assets) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount $ 1,350.6 $ 1,307.9
Accumulated amortization (939.6) (850.8)
Net Carrying Amount 411.0 457.1
Acquired and reacquired rights    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 1,157.3 1,116.1
Accumulated amortization (845.3) (765.0)
Net Carrying Amount 312.0 351.1
Acquired trade secrets and processes [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 27.6 27.6
Accumulated amortization (22.7) (22.0)
Net Carrying Amount 4.9 5.6
Trade names, trademarks and patents [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 125.1 124.8
Accumulated amortization (37.1) (32.1)
Net Carrying Amount 88.0 92.7
Licensing agreements [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 16.9 16.6
Accumulated amortization (15.9) (15.0)
Net Carrying Amount 1.0 1.6
Other finite-lived intangible assets [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross carrying amount 23.7 22.8
Accumulated amortization (18.6) (16.7)
Net Carrying Amount $ 5.1 $ 6.1
v3.20.4
Other Intangible Assets and Goodwill (Estimated Future Amortization Expense) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]    
2021 $ 165.4  
2022 190.8  
2023 19.7  
2024 19.1  
2025 13.2  
Thereafter 2.8  
Net Carrying Amount $ 411.0 $ 457.1
v3.20.4
Intangible Assets, Goodwill and Other (Changes in Carrying Amount of Goodwill by Reportable Operating Segment) (Details)
$ in Millions
 3 Months Ended
Dec. 27, 2020
USD ($)
Goodwill [Line Items]  
Goodwill, beginning balance $ 3,597.2
Other 109.6
Goodwill, ending balance 3,706.8
Americas [Member]  
Goodwill [Line Items]  
Goodwill, beginning balance 496.5
Other 1.0
Goodwill, ending balance 497.5
International [Member]  
Goodwill [Line Items]  
Goodwill, beginning balance 3,065.0
Other 108.6
Goodwill, ending balance 3,173.6
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 1.0
Other 0.0
Goodwill, ending balance $ 1.0
v3.20.4
Debt (Narrative) (Details)
¥ in Millions, $ in Millions
 3 Months Ended
Dec. 30, 2021
Oct. 29, 2021
Dec. 27, 2020
USD ($)
Dec. 27, 2020
JPY (¥)
Sep. 27, 2020
USD ($)
Debt Instrument [Line Items]          
Short-term Debt     $ 492.6   $ 438.8
Commercial Paper [Member]          
Debt Instrument [Line Items]          
Maximum allowable amount under Commercial Paper Program     3,000.0    
Short-term Debt     $ 299.7    
Commercial Paper [Member] | Maximum [Member]          
Debt Instrument [Line Items]          
Debt Instrument, Term     397 days    
Line of Credit [Member] | 10 billion Yen Credit Facility [Member]          
Debt Instrument [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity     $ 96.5    
Line of Credit Facility, Expiration Date     Mar. 26, 2021    
Line of Credit [Member] | 10 billion Yen Credit Facility [Member] | Japan, Yen          
Debt Instrument [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity | ¥       ¥ 10,000.0  
Line of Credit [Member] | 10 billion Yen Credit Facility [Member] | Tokyo Interbank Offered Rate TIBOR [Member]          
Debt Instrument [Line Items]          
Debt Instrument, Basis Spread on Variable Rate     0.30%    
Line of Credit [Member] | 10 billion Yen Credit Facility due October 2021 [Member]          
Debt Instrument [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity     $ 96.5    
Line of Credit Facility, Expiration Date   Oct. 29, 2021      
Line of Credit [Member] | 10 billion Yen Credit Facility due October 2021 [Member] | Japan, Yen          
Debt Instrument [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity | ¥       10,000.0  
Line of Credit [Member] | 10 billion Yen Credit Facility due October 2021 [Member] | Tokyo Interbank Offered Rate TIBOR [Member]          
Debt Instrument [Line Items]          
Debt Instrument, Basis Spread on Variable Rate     0.35%    
Line of Credit [Member] | 5 billion Yen Credit Facility [Member]          
Debt Instrument [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity     $ 48.2    
Line of Credit Facility, Expiration Date Dec. 30, 2021        
Line of Credit [Member] | 5 billion Yen Credit Facility [Member] | Japan, Yen          
Debt Instrument [Line Items]          
Line of Credit Facility, Maximum Borrowing Capacity | ¥       5,000.0  
Line of Credit [Member] | 5 billion Yen Credit Facility [Member] | Tokyo Interbank Offered Rate TIBOR [Member]          
Debt Instrument [Line Items]          
Debt Instrument, Basis Spread on Variable Rate     0.40%    
Line of Credit [Member] | 10 billion Yen and 10 billion Yen Credit Facility due in October 2021          
Debt Instrument [Line Items]          
Short-term Debt     $ 192.9    
Line of Credit [Member] | 10 billion Yen and 10 billion Yen Credit Facility due in October 2021 | Japan, Yen          
Debt Instrument [Line Items]          
Short-term Debt | ¥       ¥ 20,000.0  
v3.20.4
(Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Debt Instrument [Line Items]    
Long-term Debt, Gross $ 15,520.1 $ 16,006.4
Long-term Debt, Fair Value 17,408.7 17,498.7
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net (129.3) (132.5)
Hedging Liabilities, Noncurrent 32.7 35.6
Long-term Debt 15,423.5 15,909.5
Two Point Two Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 0.0 500.0
Stated Interest Rate 2.20%  
Debt Instrument, Interest Rate, Effective Percentage 2.228%  
Two Point Two Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 0.0 501.5
Two Point One Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.10%  
Debt Instrument, Interest Rate, Effective Percentage 2.293%  
Debt Instrument, Face Amount from Reopening of Previous Issuance $ 250.0 250.0
Debt Instrument, Interest Rate, Effective Percentage for Reopening of Previous Issuance 1.60%  
Two Point One Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 500.6 502.3
Debt Instrument, Fair Value Disclosure for Reopening of Previous Issuance 250.3 251.1
One Point Three Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 1.30%  
Debt Instrument, Interest Rate, Effective Percentage 1.334%  
One Point Three Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 506.3 506.5
Two Point Seven Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.70%  
Debt Instrument, Interest Rate, Effective Percentage 2.819%  
Two Point Seven Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 515.0 517.5
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%  
Debt Instrument, Interest Rate, Effective Percentage 3.107%  
Three Point One Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,056.5 1,058.8
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%  
Debt Instrument, Interest Rate, Effective Percentage 2.859%  
Three Point Eight Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 814.0 817.5
PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 820.1 806.4
Stated Interest Rate 0.372%  
Debt Instrument, Interest Rate, Effective Percentage 0.462%  
PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 828.7 794.4
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%  
Debt Instrument, Interest Rate, Effective Percentage 3.721%  
Three Point Eight Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,416.7 1,414.5
Two Point Four Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.45%  
Debt Instrument, Interest Rate, Effective Percentage 2.511%  
Two Point Four Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 540.7 542.6
Two Point Zero Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 2.00%  
Debt Instrument, Interest Rate, Effective Percentage 2.058%  
Two Point Zero Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 529.0 528.9
Three Point Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 600.0 600.0
Stated Interest Rate 3.50%  
Debt Instrument, Interest Rate, Effective Percentage 3.529%  
Three Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 688.0 679.5
Four Point Zero Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750.0 750.0
Stated Interest Rate 4.00%  
Debt Instrument, Interest Rate, Effective Percentage 3.958%  
Four Point Zero Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 888.4 886.0
Three Point Five Five Percentage Senior Notes [Member] [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 3.55%  
Debt Instrument, Interest Rate, Effective Percentage 3.84%  
Three Point Five Five Percentage Senior Notes [Member] [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,161.1 1,147.1
Two Point Two Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 750.0 750.0
Stated Interest Rate 2.25%  
Debt Instrument, Interest Rate, Effective Percentage 3.084%  
Two Point Two Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 791.6 778.0
Two Point Five Five Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,250.0 1,250.0
Stated Interest Rate 2.55%  
Debt Instrument, Interest Rate, Effective Percentage 2.582%  
Two Point Five Five Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,344.1 1,325.9
Four Point Three Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 350.0 350.0
Stated Interest Rate 4.30%  
Debt Instrument, Interest Rate, Effective Percentage 4.348%  
Four Point Three Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 428.9 412.4
Three Point Seven Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 3.75%  
Debt Instrument, Interest Rate, Effective Percentage 3.765%  
Three Point Seven Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 582.7 546.6
Four Point Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 4.50%  
Debt Instrument, Interest Rate, Effective Percentage 4.504%  
Four Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,287.7 1,222.8
Four Point Four Five Percentage Senior Notes [Member] [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,000.0 1,000.0
Stated Interest Rate 4.45%  
Debt Instrument, Interest Rate, Effective Percentage 4.447%  
Four Point Four Five Percentage Senior Notes [Member] [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,288.6 1,215.5
Three Point Three Five Percentage Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 500.0 500.0
Stated Interest Rate 3.35%  
Debt Instrument, Interest Rate, Effective Percentage 3.362%  
Three Point Three Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 553.3 517.1
Three Point Five Percentage Senior Notes due Nov 2050 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 1,250.0 1,250.0
Stated Interest Rate 3.50%  
Debt Instrument, Interest Rate, Effective Percentage 3.528%  
Three Point Five Percentage Senior Notes due Nov 2050 [Member] | Fair Value, Inputs, Level 2 [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Fair Value Disclosure $ 1,436.5 $ 1,332.2
v3.20.4
Debt (Summary of long-term debt maturities) (Details) - USD ($)
$ in Millions
Dec. 27, 2020
Sep. 27, 2020
Long-term Debt [Line Items]    
2021 $ 750.0  
2022 1,000.0  
2023 1,000.0  
2024 1,570.1  
2025 1,250.0  
Thereafter 9,950.0  
Total $ 15,520.1 $ 16,006.4
v3.20.4
Leases - Narrative (Details)
$ in Millions
 3 Months Ended
Dec. 27, 2020
USD ($)
Lessee, Lease, Description [Line Items]  
Restructuring and Related Cost, Incurred Cost $ 72.2
Leases [Abstract]  
Lessee, operating lease, lease not yet commenced, amount $ 723.4
Minimum [Member]  
Leases [Abstract]  
Lessee, operating lease, lease not yet commenced, term of contract 3 years
Maximum [Member]  
Leases [Abstract]  
Lessee, operating lease, lease not yet commenced, term of contract 20 years
lease termination [Member]  
Lessee, Lease, Description [Line Items]  
Restructuring and Related Cost, Incurred Cost $ 29.6
v3.20.4
Leases - Schedule of Lease Cost (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Lessee, Lease, Description [Line Items]    
Operating lease costs $ 409.4 $ 373.1
Variable lease costs 222.4 228.8
Short-term lease costs 8.7 8.3
Total lease costs $ 640.5 $ 610.2
v3.20.4
Leases - Schedule Supplemental Disclosures (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Lessee, Lease, Description [Line Items]    
Cash paid related to operating lease liabilities $ 385.6 $ 368.9
Operating lease liabilities arising from obtaining ROU assets $ 353.8 $ 226.4
Weighted-average remaining operating lease term 8 years 9 months 18 days 9 years
Weighted-average operating lease discount rate 2.50% 2.50%
v3.20.4
Leases - Schedule of Maturity of Operating Lease Payments (Details)
$ in Millions
Dec. 27, 2020
USD ($)
Leases [Abstract]  
2021 (excluding the quarter ended December 27, 2020) $ 1,173.9
2022 1,463.3
2023 1,321.2
2024 1,180.3
2025 1,030.6
Thereafter 3,992.3
Total lease payments 10,161.6
Less imputed interest (1,139.5)
Total $ 9,022.1
v3.20.4
Revenue Recognition (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Sep. 27, 2020
Sep. 29, 2019
Deferred Revenue, Current $ 1,871.2   $ 1,456.5  
Deferred Revenue, Noncurrent 6,597.7   6,598.5  
Deferred Revenue, Revenue Recognized 44.2 $ 44.2    
Nestle Global Coffee Alliance [Member]        
Deferred Revenue, Current 180.3      
Deferred Revenue, Noncurrent 6,500.0      
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage [Member]        
Deferred Revenue, Current 1,623.7 1,460.9    
Deferred Revenue, Revenue Recognized (2,980.2) (3,061.9)    
Deferred Revenue, Additions 3,437.4 3,507.5    
Deferred Revenue, Other 12.3 1.7    
Deferred Revenue $ 1,750.0 $ 1,561.0 $ 1,280.5 $ 1,113.7
v3.20.4
Equity (Narrative) (Details) - $ / shares
Dec. 27, 2020
Nov. 30, 2020
Sep. 30, 2020
Sep. 27, 2020
Dec. 29, 2019
Equity, Class of Treasury Stock [Line Items]          
Authorized shares of common stock 2,400,000,000.0     2,400,000,000.0  
Par value of common stock $ 0.001     $ 0.001  
Authorized shares of preferred stock 7,500,000        
Outstanding shares of preferred stock 0        
Shares available for repurchase 48,900,000        
Cash dividend declared to shareholders $ 0.90 $ 0.45 $ 0.45   $ 0.41
v3.20.4
Equity (Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Sep. 27, 2020
Sep. 29, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ (7,904.0) $ (6,759.1) $ (7,799.4) $ (6,231.0)
Net gains/(losses) in AOCI, beginning of period (364.6)      
Other comprehensive income/(loss) 218.7 111.1    
Net gains/(losses) in AOCI, end of period (145.9)      
Cumulative effect of adoption of new accounting guidance (2.2) 17.3    
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 4.1 3.2 5.7 3.9
Net gains/(losses) recognized in OCI before reclassifications (0.4) (0.1)    
Net (gains)/losses reclassified from AOCI to earnings (1.2) 0.1    
Other comprehensive income/(loss) (1.6) 0.0    
Cumulative effect of adoption of new accounting guidance   (0.7)    
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (75.5) 33.7 (82.1) 11.0
Net gains/(losses) recognized in OCI before reclassifications 4.8 25.8    
Net (gains)/losses reclassified from AOCI to earnings 1.8 (6.1)    
Other comprehensive income/(loss) 6.6 19.7    
Cumulative effect of adoption of new accounting guidance   3.0    
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (13.5) 7.7 11.5 (10.1)
Net gains/(losses) recognized in OCI before reclassifications (22.6) 17.7    
Net (gains)/losses reclassified from AOCI to earnings (2.4) (2.4)    
Other comprehensive income/(loss) (25.0) 15.3    
Cumulative effect of adoption of new accounting guidance   2.5    
Translation Adjustment [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (61.0) (432.0) (299.7) (508.1)
Net gains/(losses) recognized in OCI before reclassifications 238.7 76.1    
Net (gains)/losses reclassified from AOCI to earnings 0.0 0.0    
Other comprehensive income/(loss) 238.7 76.1    
Cumulative effect of adoption of new accounting guidance   0.0    
Parent [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (7,909.7) (6,759.9) (7,805.1) (6,232.2)
Other comprehensive income/(loss) 218.7 111.1    
Cumulative effect of adoption of new accounting guidance (2.2) 17.3    
AOCI Attributable to Parent [Member]        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (145.9) (387.4) $ (364.6) $ (503.3)
Net gains/(losses) recognized in OCI before reclassifications 220.5 119.5    
Net (gains)/losses reclassified from AOCI to earnings (1.8) (8.4)    
Other comprehensive income/(loss) 218.7 111.1    
Cumulative effect of adoption of new accounting guidance $ 0.0 $ 4.8    
v3.20.4
Equity (Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Amounts Reclassified from AOCI, Interest income and other, net $ 15.5 $ 15.9
Revenues 6,749.4 7,097.1
Amounts Reclassified from AOCI, Interest expense (120.7) (91.9)
Amounts Reclassified from AOCI, Tax (expense)/benefit (186.1) (258.5)
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 3.6 10.7
Amounts Reclassified from AOCI, Tax (expense)/benefit (1.8) (2.3)
Amounts Reclassified from AOCI, Net of tax 1.8 8.4
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Amounts Reclassified from AOCI, Net of tax (1.2) 0.1
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Amounts Reclassified from AOCI, Interest income and other, net 1.5 (0.2)
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 1.8 (6.1)
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, Total before tax 1.1 (7.6)
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 (2.4) (2.4)
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Amounts Reclassified from AOCI, Interest expense (3.2) (3.3)
Translation Adjustment [Member]    
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]    
Amounts Reclassified from AOCI, Net of tax $ 0.0 $ 0.0
v3.20.4
Employee Stock Plans (Narrative) (Details)
shares in Millions
Dec. 27, 2020
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 39.4
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 11.8
v3.20.4
Employee Stock Plans (Stock-Based Compensation Expense Recognized in Consolidated Statement of Earnings) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]    
Stock-based compensation expense $ 99.3 $ 90.3
Stock Options [Member]    
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]    
Stock-based compensation expense 0.9 1.7
Restricted Stock Units (RSUs) [Member]    
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]    
Stock-based compensation expense $ 98.4 $ 88.6
v3.20.4
Employee Stock Plans (Stock Option and RSU Transactions) (Details)
shares in Millions, $ in Millions
 3 Months Ended
Dec. 27, 2020
USD ($)
shares
Stock Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Options outstanding, September 29, 2019 9.2
Granted, Stock Options 0.0
Options exercised, Stock Options (1.8)
Forfeited/expired, Stock Options (0.1)
Options outstanding, June 28, 2020 7.3
Total unrecognized stock-based compensation expense, net of estimated forfeitures, Stock Options | $ $ 0.4
Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Nonvested RSUs, September 29, 2019 8.3
Granted, RSUs 3.8
RSUs vested, RSUs (2.9)
Forfeited/expired, RSUs (0.4)
Nonvested RSUs, June 28, 2020 8.8
Total unrecognized stock-based compensation expense, net of estimated forfeitures, RSUs | $ $ 309.7
v3.20.4
Earnings Per Share (Narrative) (Details) - shares
shares in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Stock Options [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Out-of-the-money stock options 0.0 0.0
v3.20.4
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
Dec. 27, 2020
Dec. 29, 2019
Earnings Per Share [Abstract]    
Net earnings attributable to Starbucks $ 622.2 $ 885.7
Weighted average common shares outstanding (for basic calculation) 1,175.0 1,180.4
Dilutive effect of outstanding common stock options and RSUs 8.0 10.6
Weighted average common and common equivalent shares outstanding (for diluted calculation) 1,183.0 1,191.0
Earnings per share - basic $ 0.53 $ 0.75
Earnings per share - diluted $ 0.53 $ 0.74
v3.20.4
Segment Reporting (Financial Information For Reportable Operating Segments And All Other Segments) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
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 $ 6,749.4 $ 7,097.1
Depreciation and amortization expenses 366.1 351.0
Income from equity investees 82.7 73.9
Operating income/(loss) 913.5 1,219.8
Operating Segments [Member] | Americas [Member]    
Segment Reporting Information [Line Items]    
Revenues 4,703.2 5,010.9
Depreciation and amortization expenses 188.9 189.2
Income from equity investees 0.0 0.0
Operating income/(loss) 813.5 1,098.8
Operating Segments [Member] | International [Member]    
Segment Reporting Information [Line Items]    
Revenues 1,654.3 1,571.1
Depreciation and amortization expenses 140.0 126.6
Income from equity investees 26.3 30.9
Operating income/(loss) 274.8 275.9
Operating Segments [Member] | Channel Development [Member]    
Segment Reporting Information [Line Items]    
Revenues 371.4 494.6
Depreciation and amortization expenses 0.2 0.3
Income from equity investees 56.4 43.0
Operating income/(loss) 180.8 175.5
Operating Segments [Member] | Corporate and Other [Member]    
Segment Reporting Information [Line Items]    
Revenues 20.5 20.5
Depreciation and amortization expenses 37.0 34.9
Income from equity investees 0.0 0.0
Operating income/(loss) (355.6) (330.4)
Beverage Member    
Segment Reporting Information [Line Items]    
Revenues 4,251.9 4,260.9
Food Member    
Segment Reporting Information [Line Items]    
Revenues 1,140.8 1,162.1
Other Products Member    
Segment Reporting Information [Line Items]    
Revenues $ 1,356.7 $ 1,674.1
Revenue Benchmark [Member]    
Segment Reporting Information [Line Items]    
Concentration Risk, Percentage 100.00% 100.00%
Revenue Benchmark [Member] | Beverage Member    
Segment Reporting Information [Line Items]    
Concentration Risk, Percentage 63.00% 60.00%
Revenue Benchmark [Member] | Food Member    
Segment Reporting Information [Line Items]    
Concentration Risk, Percentage 17.00% 16.00%
Revenue Benchmark [Member] | Other Products Member    
Segment Reporting Information [Line Items]    
Concentration Risk, Percentage 20.00% 24.00%
v3.20.4
Segment Reporting (Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenues $ 6,749.4 $ 7,097.1
Depreciation and amortization expenses 366.1 351.0
Income from equity investees 82.7 73.9
Operating income/(loss) 913.5 1,219.8
Americas [Member] | Operating Segments [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenues 4,703.2 5,010.9
Depreciation and amortization expenses 188.9 189.2
Income from equity investees 0.0 0.0
Operating income/(loss) 813.5 1,098.8
International [Member] | Operating Segments [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenues 1,654.3 1,571.1
Depreciation and amortization expenses 140.0 126.6
Income from equity investees 26.3 30.9
Operating income/(loss) 274.8 275.9
Channel Development [Member] | Operating Segments [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenues 371.4 494.6
Depreciation and amortization expenses 0.2 0.3
Income from equity investees 56.4 43.0
Operating income/(loss) 180.8 175.5
Corporate and Other [Member] | Operating Segments [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenues 20.5 20.5
Depreciation and amortization expenses 37.0 34.9
Income from equity investees 0.0 0.0
Operating income/(loss) $ (355.6) $ (330.4)
v3.20.4
Segment Reporting (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 27, 2020
Dec. 29, 2019
Segment Reporting Information [Line Items]    
Revenues $ 6,749.4 $ 7,097.1
Operating income/(loss) 913.5 1,219.8
Operating Segments [Member] | Americas [Member]    
Segment Reporting Information [Line Items]    
Revenues 4,703.2 5,010.9
Operating income/(loss) 813.5 1,098.8
Operating Segments [Member] | International [Member]    
Segment Reporting Information [Line Items]    
Revenues 1,654.3 1,571.1
Operating income/(loss) 274.8 275.9
Operating Segments [Member] | Channel Development [Member]    
Segment Reporting Information [Line Items]    
Revenues 371.4 494.6
Operating income/(loss) 180.8 175.5
Operating Segments [Member] | Corporate and Other [Member]    
Segment Reporting Information [Line Items]    
Revenues 20.5 20.5
Operating income/(loss) $ (355.6) $ (330.4)