Acquisition (Tables)

3 Months Ended

Dec. 28, 2014

Allocation of Total Consideration to Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the total consideration to the fair values of the assets acquired and liabilities assumed as of October 31, 2014 (in millions):



Consideration:
Cash paid for Sazaby's 39.5% equity interest	$	508.7
Fair value of our preexisting 39.5% equity interest	577.0
Total consideration	$	1,085.7

Fair value of assets acquired and liabilities assumed:
Cash and cash equivalents	$	224.4
Accounts receivable, net	37.4
Inventories	26.4
Prepaid expenses and other current assets	35.7
Deferred income taxes, net (current)	23.4
Property, plant and equipment	282.9
Other long-term assets	141.4
Other intangible assets	323.0
Goodwill	815.6
Total assets acquired	1,910.2
Accounts payable	(54.5		)
Accrued liabilities	(119.9		)
Deferred revenue	(36.5		)
Deferred income taxes (noncurrent)	(92.9		)
Other long-term liabilities	(109.6		)
Total liabilities assumed	(413.4		)
Noncontrolling interest	(411.1		)
Total consideration	$	1,085.7

Acquired intangible assets

Below is a tabular summary of the acquired intangible assets as of December 28, 2014, for which the balances in total are $32.9 million lower than as of the October 31, 2014 acquisition date due to foreign currency translation (in millions):



	Dec 28, 2014
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Reacquired rights	$	273.9	$	(7.1	)	$	266.8
Licensing agreements	13.5		(0.2		)	13.3
Customer loyalty program	2.7		(0.1		)	2.6
Total acquired definite-lived intangible assets	$	290.1	$	(7.4	)	$	282.7

Minimum future rental payments

The table below summarizes our estimated minimum future rental payments under the acquired non-cancelable operating leases and lease financing arrangements as of December 28, 2014 (in millions):



	Operating Leases		Lease Financing Arrangements
Year 1	$	78.4	$	2.9
Year 2	59.1		2.8
Year 3	45.7		2.8
Year 4	35.4		2.8
Year 5	28.2		2.8
Thereafter	139.9		25.2
Total minimum lease payments	$	386.7	$	39.3

Supplemental pro forma revenue and net earnings

The following table provides the supplemental pro forma revenue and net earnings of the combined entity had the acquisition date of Starbucks Japan been the first day of our first quarter of fiscal 2014 rather than during our first quarter of fiscal 2015 (in millions):



	Quarter Ended - Pro Forma (unaudited)
	Dec 28, 2014		Dec 29, 2013
Revenue	$	4,895.0	$	4,526.7
Net earnings attributable to Starbucks⁽¹⁾	600.3		921.1