10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended March 27, 2016

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to            .

Commission File Number: 0-20322

Starbucks Corporation

(Exact Name of Registrant as Specified in its Charter)

Washington	91-1325671
(State or Other Jurisdiction of Incorporation or Organization)	(IRS Employer Identification No.)

2401 Utah Avenue South, Seattle, Washington 98134

(Address of principal executive offices)

(206) 447-1575

(Registrant’s Telephone Number, including Area Code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No   ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨ (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):    

Yes   ¨  No  x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Title	Shares Outstanding as of April 20, 2016
Common Stock, par value $0.001 per share	1,464.9 million

STARBUCKS CORPORATION

FORM 10-Q

For the Quarterly Period Ended March 27, 2016

Table of Contents

PART I. FINANCIAL INFORMATION
Item 1	Financial Statements (Unaudited):	3
	Condensed Consolidated Statements of Earnings	3
	Condensed Consolidated Statements of Comprehensive Income	4
	Condensed Consolidated Balance Sheets	5
	Condensed Consolidated Statements of Cash Flows	6
	Index For Notes to Condensed Consolidated Financial Statements	7
	Notes to Condensed Consolidated Financial Statements	8
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	21
Item 3	Quantitative and Qualitative Disclosures About Market Risk	34
Item 4	Controls and Procedures	34
PART II. OTHER INFORMATION
Item 1	Legal Proceedings	35
Item 1A	Risk Factors	35
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	35
Item 6	Exhibits	36
Signatures		37

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

STARBUCKS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(in millions, except per share data)

(unaudited)

	Quarter Ended						Two Quarters Ended
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015
Net revenues:
Company-operated stores	$	3,944.2		$	3,622.9		$	8,154.8		$	7,395.7
Licensed stores	493.1			421.3			1,033.8			905.3
CPG, foodservice and other	555.9			519.3			1,178.2			1,065.8
Total net revenues	4,993.2			4,563.5			10,366.8			9,366.8
Cost of sales including occupancy costs	2,010.3			1,859.8			4,196.5			3,851.0
Store operating expenses	1,466.4			1,324.6			2,972.6			2,640.1
Other operating expenses	139.6			133.5			285.8			262.9
Depreciation and amortization expenses	247.8			217.1			483.3			423.1
General and administrative expenses	330.5			305.9			636.0			604.3
Total operating expenses	4,194.6			3,840.9			8,574.2			7,781.4
Income from equity investees	65.6			54.9			129.7			107.7
Operating income	864.2			777.5			1,922.3			1,693.1
Gain resulting from acquisition of joint venture	—			—			—			390.6
Interest income and other, net	14.5			1.3			22.5			11.1
Interest expense	(18.3		)	(16.9		)	(34.8		)	(33.2		)
Earnings before income taxes	860.4			761.9			1,910.0			2,061.6
Income tax expense	285.4			266.3			647.4			581.2
Net earnings including noncontrolling interests	575.0			495.6			1,262.6			1,480.4
Net earnings/(loss) attributable to noncontrolling interests	(0.1		)	0.7			—			2.1
Net earnings attributable to Starbucks	$	575.1		$	494.9		$	1,262.6		$	1,478.3
Earnings per share - basic	$	0.39		$	0.33		$	0.85		$	0.99
Earnings per share - diluted	$	0.39		$	0.33		$	0.84		$	0.97
Weighted average shares outstanding:
Basic	1,472.1			1,500.5			1,479.0			1,499.7
Diluted	1,486.6			1,516.5			1,495.0			1,516.7
Cash dividends declared per share	$	0.20		$	0.16		$	0.40		$	0.32

See Notes to Condensed Consolidated Financial Statements

3

STARBUCKS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions, unaudited)

	Quarter Ended						Two Quarters Ended
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015
Net earnings including noncontrolling interests	$	575.0		$	495.6		$	1,262.6		$	1,480.4
Other comprehensive income/(loss), net of tax:
Unrealized holding gains/(losses) on available-for-sale securities	3.8			2.7			4.8			2.1
Tax (expense)/benefit	(1.4		)	(1.0		)	(1.8		)	(0.8		)
Unrealized gains/(losses) on cash flow hedging instruments	(68.1		)	12.2			(62.3		)	63.9
Tax (expense)/benefit	17.4			(2.5		)	14.7			(15.4		)
Unrealized gains/(losses) on net investment hedging instruments	—			—			—			4.3
Tax (expense)/benefit	—			—			—			(1.6		)
Translation adjustment	56.1			(6.9		)	30.0			(163.3		)
Tax (expense)/benefit	4.9			3.8			6.6			7.6
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment	27.3			4.0			19.5			(55.8		)
Tax expense/(benefit)	(4.1		)	(0.4		)	(1.3		)	16.8
Other comprehensive income/(loss)	35.9			11.9			10.2			(142.2		)
Comprehensive income including noncontrolling interests	610.9			507.5			1,272.8			1,338.2
Comprehensive income/(loss) attributable to noncontrolling interests	(0.1		)	1.4			—			(29.0		)
Comprehensive income attributable to Starbucks	$	611.0		$	506.1		$	1,272.8		$	1,367.2

See Notes to Condensed Consolidated Financial Statements

4

STARBUCKS CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except per share data)

(unaudited)

	Mar 27, 2016			Sep 27, 2015
ASSETS
Current assets:
Cash and cash equivalents	$	1,294.4		$	1,530.1
Short-term investments	123.2			81.3
Accounts receivable, net	743.7			719.0
Inventories	1,293.1			1,306.4
Prepaid expenses and other current assets	429.1			334.2
Total current assets	3,883.5			3,971.0
Long-term investments	605.0			312.5
Equity and cost investments	332.4			352.0
Property, plant and equipment, net	4,246.9			4,088.3
Deferred income taxes, net	910.2			1,180.8
Other long-term assets	401.2			415.9
Other intangible assets	515.2			520.4
Goodwill	1,625.0			1,575.4
TOTAL ASSETS	$	12,519.4		$	12,416.3
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	662.7		$	684.2
Accrued liabilities	1,695.7			1,755.3
Insurance reserves	240.4			224.8
Stored value card liability	1,203.5			983.8
Short-term debt	149.1			—
Current portion of long-term debt	399.8			—
Total current liabilities	4,351.2			3,648.1
Long-term debt	2,447.6			2,347.5
Other long-term liabilities	624.2			600.9
Total liabilities	7,423.0			6,596.5
Shareholders’ equity:
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,464.5 shares and 1,485.1 shares, respectively	1.5			1.5
Additional paid-in capital	41.1			41.1
Retained earnings	5,241.2			5,974.8
Accumulated other comprehensive loss	(189.2		)	(199.4		)
Total shareholders’ equity	5,094.6			5,818.0
Noncontrolling interest	1.8			1.8
Total equity	5,096.4			5,819.8
TOTAL LIABILITIES AND EQUITY	$	12,519.4		$	12,416.3

See Notes to Condensed Consolidated Financial Statements

5

STARBUCKS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions, unaudited)

	Two Quarters Ended
	Mar 27, 2016			Mar 29, 2015
OPERATING ACTIVITIES:
Net earnings including noncontrolling interests	$	1,262.6		$	1,480.4
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	509.3			444.2
Deferred income taxes, net	260.2			60.0
Income earned from equity method investees	(96.5		)	(76.9		)
Distributions received from equity method investees	102.8			57.9
Gain resulting from acquisition/sale of equity in joint ventures	(0.6		)	(390.6		)
Stock-based compensation	108.6			104.2
Excess tax benefit on share-based awards	(89.3		)	(78.0		)
Other	24.5			27.7
Cash provided by changes in operating assets and liabilities:
Accounts receivable	(39.8		)	(14.1		)
Inventories	15.3			39.6
Accounts payable	(17.2		)	48.2
Income taxes payable, net	(69.9		)	(56.5		)
Accrued liabilities and insurance reserves	23.1			121.9
Stored value card liability	216.2			200.1
Prepaid expenses, other current assets and other long-term assets	(23.8		)	32.8
Net cash provided by operating activities	2,185.5			2,000.9
INVESTING ACTIVITIES:
Purchases of investments	(579.0		)	(282.0		)
Sales of investments	247.7			305.3
Maturities and calls of investments	4.4			12.7
Acquisitions, net of cash acquired	—			(284.3		)
Additions to property, plant and equipment	(668.2		)	(606.6		)
Proceeds from sale of equity in joint venture	30.2			—
Other	12.1			(17.9		)
Net cash used by investing activities	(952.8		)	(872.8		)
FINANCING ACTIVITIES:
Proceeds from issuance of commercial paper	149.1			—
Proceeds from issuance of long-term debt	499.7			—
Cash used for purchase of noncontrolling interest	—			(257.6		)
Proceeds from issuance of common stock	79.6			111.1
Excess tax benefit on share-based awards	89.3			78.0
Cash dividends paid	(591.8		)	(479.6		)
Repurchase of common stock	(1,584.5		)	(346.4		)
Minimum tax withholdings on share-based awards	(103.6		)	(73.2		)
Other	(0.8		)	(7.7		)
Net cash used by financing activities	(1,463.0		)	(975.4		)
Effect of exchange rate changes on cash and cash equivalents	(5.4		)	(110.7		)
Net (decrease)/increase in cash and cash equivalents	(235.7		)	42.0
CASH AND CASH EQUIVALENTS:
Beginning of period	1,530.1			1,708.4
End of period	$	1,294.4		$	1,750.4
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest, net of capitalized interest	$	34.4		$	36.9
Income taxes, net of refunds	$	458.1		$	612.8

See Notes to Condensed Consolidated Financial Statements

6

STARBUCKS CORPORATION

INDEX FOR NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1	Summary of Significant Accounting Policies	8
Note 2	Acquisitions and Divestitures	10
Note 3	Derivative Financial Instruments	10
Note 4	Fair Value Measurements	12
Note 5	Inventories	14
Note 6	Supplemental Balance Sheet Information	14
Note 7	Debt	15
Note 8	Equity	16
Note 9	Employee Stock Plans	18
Note 10	Earnings per Share	19
Note 11	Segment Reporting	20

7

STARBUCKS CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

Note 1: Summary of Significant Accounting Policies

Financial Statement Preparation

The unaudited condensed consolidated financial statements as of March 27, 2016, and for the quarter and two quarters ended March 27, 2016 and March 29, 2015, have been prepared by Starbucks Corporation under the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial information for the quarter and two quarters ended March 27, 2016 and March 29, 2015 reflects all adjustments and accruals, which are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods. In this Quarterly Report on Form 10-Q (“10-Q”), Starbucks Corporation is referred to as “Starbucks,” the “Company,” “we,” “us” or “our.”

The financial information as of September 27, 2015 is derived from our audited consolidated financial statements and notes for the fiscal year ended September 27, 2015 (“fiscal 2015”) included in Item 8 in the Fiscal 2015 Annual Report on Form 10-K (the “10-K”). The information included in this 10-Q should be read in conjunction with the footnotes and management’s discussion and analysis of the consolidated financial statements in the 10-K.

The results of operations for the quarter and two quarters ended March 27, 2016 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending October 2, 2016 ("fiscal 2016"). Additionally, our 2016 fiscal year will include 53 weeks, with the 53rd week falling in our fourth fiscal quarter.

Recent Accounting Pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued guidance related to stock-based compensation, which changes the accounting for and classification of excess tax benefits and minimum tax withholdings on share-based awards. The guidance becomes effective for us at the beginning of our first quarter of fiscal 2018 but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.

Also, in March 2016, the FASB issued guidance eliminating the requirement to retroactively apply the equity method of accounting when an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. This guidance will become effective for us at the beginning of our first quarter of fiscal 2018, but earlier adoption is permitted. We do not expect this adoption to have a material impact on our consolidated financial statements.  

Additionally, in March 2016, the FASB issued guidance for financial liabilities resulting from selling prepaid stored value products that are redeemable at third-party merchants. Under the new guidance, expected breakage amounts associated with these products must be recognized proportionately in earnings as redemption occurs. Our current accounting policy of applying the remote method to all of our store value cards, including cards redeemable at the third-party licensed locations, will no longer be allowed. The guidance will become effective for us at the beginning of our first quarter of fiscal 2019, with the option to adopt in an earlier period. As the guidance and timing of transition are consistent with the new revenue recognition standard issued by the FASB in May 2014 and discussed below, we expect to implement the provisions of both sets of guidance in the same period.

In February 2016, the FASB issued guidance on the recognition and measurement of leases. Under the new guidance, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. The guidance retains the current accounting for lessors and does not make significant changes to the recognition, measurement, and presentation of expenses and cash flows by a lessee. Enhanced disclosures will also be required to give financial statement users the ability to assess the amount, timing and uncertainty of cash flows arising from leases. The guidance will require modified retrospective application at the beginning of our first quarter of fiscal 2020, with optional practical expedients, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements but expect this adoption will result in a significant increase in our assets and liabilities on our consolidated balance sheet.

In January 2016, the FASB issued guidance on the recognition and measurement of financial instruments. This guidance retains the current accounting for classifying and measuring investments in debt securities and loans, but requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. The guidance also changes the accounting for investments without a readily determinable fair value and that do not qualify for the practical expedient to estimate fair value. A policy election can be made for these investments whereby estimated fair value may be measured at cost and adjusted in subsequent periods for any impairment or

8

changes in observable prices of identical or similar investments. We are currently evaluating the impact this guidance will have on our consolidated financial statements, which will become effective for us at the beginning of our first quarter of fiscal 2019.

In November 2015, the FASB issued guidance on the presentation of deferred income taxes that requires deferred tax assets and liabilities, along with related valuation allowances, to be classified as noncurrent on the balance sheet. As a result, each tax jurisdiction will now only have one net noncurrent deferred tax asset or liability. The new guidance does not change the existing requirement that prohibits offsetting deferred tax liabilities from one jurisdiction against deferred tax assets of another jurisdiction. During the first quarter of fiscal 2016, we elected to early-adopt this guidance retrospectively. The following table summarizes the adjustments made to conform prior period classifications with the new guidance (in millions):

	September 27, 2015
	As Filed		Reclass			As Adjusted
Current deferred income tax assets	$	381.7	$	(381.7	)	$	—
Long-term deferred income tax assets	828.9		351.9			1,180.8
Current deferred income tax liabilities (included in Accrued liabilities)	5.4		(5.4		)	—
Long-term deferred income tax liabilities (included in Other long-term liabilities)	67.8		(24.4		)	43.4
Net deferred tax asset	$	1,137.4	$	—		$	1,137.4

In July 2015, the FASB issued guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. The guidance will require prospective application at the beginning of our first quarter of fiscal 2018, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.

In April 2015, the FASB issued guidance on the financial statement presentation of debt issuance costs. This guidance requires debt issuance costs to be presented on the balance sheet as a reduction of the related debt liability rather than an asset. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017 and will only result in an immaterial change in presentation of these costs on our consolidated balance sheets.

In February 2015, the FASB issued guidance that changes the evaluation criteria for consolidation and related disclosure requirements. This guidance introduces evaluation criteria specific to limited partnerships and other similar entities, as well as amends the criteria for evaluating variable interest entities with which the reporting entity is involved and certain investment funds. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.

In May 2014, the FASB issued guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The original effective date of the guidance would have required us to adopt at the beginning of our first quarter of fiscal 2018. In July 2015, the FASB approved an optional one-year deferral of the effective date. The new guidance may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. We are currently evaluating the overall impact this guidance will have on our consolidated financial statements, as well as the expected timing and method of adoption. Based on our preliminary assessment, we determined the adoption will change the timing of recognition and classification of our stored value card breakage income, which is currently recognized using the remote method and recorded in net interest income and other. The new guidance will require application of the proportional method and classification within total net revenues on our consolidated statements of earnings. Additionally, the new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition. We are continuing our assessment, which may identify other impacts.

In April 2014, the FASB issued guidance that changes the criteria for reporting discontinued operations. To qualify as a discontinued operation under the amended guidance, a component or group of components of an entity that has been disposed of or is classified as held for sale must represent a strategic shift that has or will have a major effect on the entity's operations and financial results. This guidance also expands related disclosure requirements. The guidance became effective for us on a prospective basis at the beginning of our first quarter of fiscal 2016 and had no impact on our consolidated financial statements.

9

Note 2: Acquisitions and Divestitures

Fiscal 2016

In the first quarter of fiscal 2016, we sold our 49% ownership interest in our Spanish joint venture, Starbucks Coffee España, S.L. ("Starbucks Spain"), to our joint venture partner, Sigla S.A. (Grupo Vips), for a total purchase price of $30.2 million. This transaction resulted in a gain of $0.6 million, which was included in net interest income and other on our consolidated statements of earnings in the first quarter of fiscal 2016.

Fiscal 2015

On September 23, 2014, we entered into a tender offer bid agreement with Starbucks Coffee Japan, Ltd. ("Starbucks Japan"), at the time a 39.5% owned equity method investment, and our former joint venture partner, Sazaby League, Ltd. ("Sazaby"), to acquire the remaining 60.5% ownership interest in Starbucks Japan for approximately $876 million, through a two-step tender offer. On October 31, 2014, we acquired a controlling interest in Starbucks Japan by funding the first tender offer step with $509 million in offshore cash. We assumed full ownership in the second quarter of fiscal 2015 by completing the second tender offer step, and completed the related cash-out procedure during the remainder of fiscal 2015, which utilized a combined total of $362 million in offshore cash. The remaining amount of the cash-out procedure is immaterial to our consolidated financial statements and represents cash that was unclaimed by minority shareholders, which was recorded in accrued liabilities on our consolidated balance sheets. There are no legal restrictions on the remaining unclaimed balance.

The balance of goodwill and the gross carrying value of acquired intangible assets declined $35.9 million and $14.2 million to $779.7 million and $308.8 million, respectively, from the acquisition date to March 27, 2016, due to foreign currency translation. Accumulated amortization related to the acquired intangible assets was $67.3 million as of March 27, 2016.

As a result of this acquisition, we remeasured the carrying value of our preexisting 39.5% equity method investment to fair value, which resulted in a pre-tax gain of $390.6 million that was recorded in the first quarter of fiscal 2015 and was presented separately as gain resulting from acquisition of joint venture within other income on our consolidated statements of earnings.

Note 3: Derivative Financial Instruments

Interest Rates

Depending on market conditions, we enter into interest rate swap agreements to hedge the variability in cash flows due to changes in benchmark interest rates related to anticipated debt issuances. These agreements are cash settled at the time of the pricing of the related debt. The effective portion of the derivative's gain or loss is recorded in accumulated other comprehensive income ("AOCI") and is subsequently reclassified to interest expense over the life of the related debt.

Foreign Currency

To reduce cash flow volatility from foreign currency fluctuations, we enter into forward and swap contracts to hedge portions of cash flows of anticipated intercompany royalty payments, inventory purchases, and intercompany borrowing and lending activities. The effective portion of the derivative's gain or loss is recorded in AOCI and is subsequently reclassified to revenue, cost of sales including occupancy costs, or net interest income and other, respectively, when the hedged exposure affects net earnings.

We also enter into forward contracts to hedge the foreign currency exposure of our net investment in certain foreign operations. The effective portion of the derivative's gain or loss is recorded in AOCI and is subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated.

To mitigate the foreign exchange risk of certain balance sheet items, we enter into foreign currency forward and swap contracts that are not designated as hedging instruments. Gains and losses from these derivatives are largely offset by the financial impact of translating foreign currency denominated payables and receivables; both are recorded in net interest income and other.

Commodities

Depending on market conditions, we may enter into coffee futures contracts and collars (the combination of a purchased call option and a sold put option) to hedge a portion of anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 5, Inventories. The effective portion of each derivative's gain or loss is recorded in AOCI and is subsequently reclassified to cost of sales including occupancy costs when the hedged exposure affects net earnings.

To mitigate the price uncertainty of a portion of our future purchases of dairy products and diesel fuel, we enter into swap contracts, futures and collars that are not designated as hedging instruments. Gains and losses from these derivatives are recorded in net interest income and other and help to offset price fluctuations on our dairy purchases and the financial impact of

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diesel fuel fluctuations on our shipping costs, which are included in cost of sales including occupancy costs on our consolidated statements of earnings.

Gains and losses on derivative contracts designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):

	Net Gains/(Losses) Included in AOCI						Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months			Outstanding Contract Remaining Maturity (Months)
	Mar 27, 2016			Sep 27, 2015
Cash Flow Hedges:
Interest rates	$	23.2		$	30.1		$	3.0		0
Cross-currency swaps	(33.8		)	(27.8		)	—			105
Foreign currency - other	12.3			29.0			9.7			35
Coffee	(5.5		)	(5.7		)	(4.8		)	6
Net Investment Hedges:
Foreign currency	1.3			1.3			—			0

Pretax gains and losses on derivative contracts designated as hedging instruments recognized in other comprehensive income ("OCI") and reclassifications from AOCI to earnings (in millions):

	Quarter Ended												Two Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications						Gains/(Losses) Reclassified from AOCI to Earnings						Gains/(Losses) Recognized in OCI Before Reclassifications						Gains/(Losses) Reclassified from AOCI to Earnings
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015
Cash Flow Hedges:
Interest rates	$	(11.4	)	$	(6.6	)	$	1.3		$	1.3		$	(8.3	)	$	(6.3	)	$	2.8		$	2.6
Cross-currency swaps	(39.6		)	(1.5		)	(36.4		)	(10.6		)	(44.9		)	36.3			(38.2		)	52.5
Foreign currency - other	(18.1		)	21.0			7.8			5.7			(8.8		)	37.4			16.3			9.6
Coffee	0.9			(0.7		)	(0.5		)	(1.0		)	(0.4		)	(3.5		)	(0.6		)	(2.6		)
Net Investment Hedges:
Foreign currency	—			—			—			—			—			4.3			—			7.2

Pretax gains and losses on derivative contracts not designated as hedging instruments recognized in earnings (in millions):

	Gains/(Losses) Recognized in Earnings
	Quarter Ended						Two Quarters Ended
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015
Foreign currency - other	$	(4.0	)	$	4.8		$	(1.9	)	$	23.3
Coffee	0.1			—			—			—
Dairy	(1.4		)	1.1			(7.0		)	(3.3		)
Diesel fuel	0.5			(1.0		)	(4.2		)	(8.6		)

Notional amounts of outstanding derivative contracts (in millions):

	Mar 27, 2016		Sep 27, 2015
Interest rates	$	—	$	125
Cross-currency swaps	690		717
Foreign currency - other	757		577
Coffee	28		38
Dairy	54		43
Diesel fuel	30		14

11

The fair values of our derivative assets and liabilities are included in Note 4, Fair Value Measurements, and additional disclosures related to cash flow and net investment hedge gains and losses included in AOCI, as well as subsequent reclassifications to earnings, are included in Note 8, Equity.

Note 4: 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 Mar 27, 2016		Quoted Prices in Active Markets for  Identical Assets (Level 1)		Significant  Other Observable  Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	1,294.4	$	1,294.4	$	—	$	—
Short-term investments:
Available-for-sale securities
Agency obligations	3.0		—		3.0		—
Corporate debt securities	13.5		—		13.5		—
Equity securities	29.2		—		29.2		—
Foreign government obligations	3.5		—		3.5		—
U.S. government treasury securities	4.1		4.1		—		—
Mortgage and other asset-backed securities	1.0		—		1.0		—
Total available-for-sale securities	54.3		4.1		50.2		—
Trading securities	68.9		68.9		—		—
Total short-term investments	123.2		73.0		50.2		—
Prepaid expenses and other current assets:
Derivative assets	35.7		—		35.7		—
Long-term investments:
Available-for-sale securities
Agency obligations	9.8		—		9.8		—
Corporate debt securities	230.8		—		230.8		—
Auction rate securities	5.7		—		—		5.7
Foreign government obligations	25.9		—		25.9		—
U.S. government treasury securities	239.6		239.6		—		—
State and local government obligations	10.7		—		10.7		—
Mortgage and other asset-backed securities	82.5		—		82.5		—
Total long-term investments	605.0		239.6		359.7		5.7
Other long-term assets:
Derivative assets	13.0		—		13.0		—
Total assets	$	2,071.3	$	1,607.0	$	458.6	$	5.7
Liabilities:
Accrued liabilities:
Derivative liabilities	$	28.8	$	4.4	$	24.4	$	—
Other long-term liabilities:
Derivative liabilities	32.7		—		32.7		—
Total liabilities	$	61.5	$	4.4	$	57.1	$	—

12

			Fair Value Measurements at Reporting Date Using
	Balance at Sep 27, 2015		Quoted Prices in Active Markets for  Identical Assets (Level 1)		Significant  Other Observable  Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	1,530.1	$	1,530.1	$	—	$	—
Short-term investments:
Available-for-sale securities
Corporate debt securities	10.2		—		10.2		—
Foreign government obligations	2.0		—		2.0		—
State and local government obligations	3.3		—		3.3		—
Total available-for-sale securities	15.5		—		15.5		—
Trading securities	65.8		65.8		—		—
Total short-term investments	81.3		65.8		15.5		—
Prepaid expenses and other current assets:
Derivative assets	50.8		—		50.8		—
Long-term investments:
Available-for-sale securities
Agency obligations	8.6		—		8.6		—
Corporate debt securities	121.8		—		121.8		—
Auction rate securities	5.9		—		—		5.9
Foreign government obligations	18.5		—		18.5		—
U.S. government treasury securities	104.8		104.8		—		—
State and local government obligations	9.7		—		9.7		—
Mortgage and other asset-backed securities	43.2		—		43.2		—
Total long-term investments	312.5		104.8		201.8		5.9
Other long-term assets:
Derivative assets	54.7		—		54.7		—
Total assets	$	2,029.4	$	1,700.7	$	322.8	$	5.9
Liabilities:
Accrued liabilities:
Derivative liabilities	$	19.2	$	3.6	$	15.6	$	—
Other long-term liabilities:
Derivative liabilities	14.5		—		14.5		—
Total	$	33.7	$	3.6	$	30.1	$	—

There were no transfers between levels and there was no significant activity within Level 3 instruments during the periods presented. The fair values of any financial instruments presented above exclude the impact of netting assets and liabilities when a legally enforceable master netting agreement exists.

Gross unrealized holding gains and losses on investments were not material as of March 27, 2016 and September 27, 2015.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, goodwill and other intangible assets, equity and cost method investments, and other assets. These assets are measured at fair value if determined to be impaired. During the quarter and two quarters ended March 27, 2016 and March 29, 2015, there were no material fair value adjustments.

The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 7, Debt.

13

Note 5: Inventories (in millions)

	Mar 27, 2016		Sep 27, 2015		Mar 29, 2015
Coffee:
Unroasted	$	585.5	$	529.4	$	470.5
Roasted	261.8		279.7		213.5
Other merchandise held for sale	255.0		318.3		210.5
Packaging and other supplies	190.8		179.0		166.6
Total	$	1,293.1	$	1,306.4	$	1,061.1

Other merchandise held for sale includes, among other items, serveware and tea. Inventory levels vary due to seasonality, commodity market supply and price fluctuations.

As of March 27, 2016, we had committed to purchasing green coffee totaling $607 million under fixed-price contracts and an estimated $423 million under price-to-be-fixed contracts. As of March 27, 2016, approximately $28 million of our price-to-be-fixed contracts were effectively fixed through the use of futures contracts. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period, and other negotiated terms are agreed upon, but the date, and therefore the price, at which the base “C” coffee commodity price component will be fixed has not yet been established. For most contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. For other contracts, Starbucks and the seller may agree upon pricing parameters determined by the base "C" coffee commodity price. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on relationships established with our suppliers in the past, the risk of non-delivery on these purchase commitments is remote.

Note 6: Supplemental Balance Sheet Information (in millions)

Property, Plant and Equipment, net

	Mar 27, 2016			Sep 27, 2015
Land	$	46.6		$	46.6
Buildings	428.7			411.5
Leasehold improvements	5,594.0			5,409.6
Store equipment	1,834.3			1,707.5
Roasting equipment	562.4			542.4
Furniture, fixtures and other	1,311.7			1,281.7
Work in progress	313.0			242.5
Property, plant and equipment, gross	10,090.7			9,641.8
Accumulated depreciation	(5,843.8		)	(5,553.5		)
Property, plant and equipment, net	$	4,246.9		$	4,088.3

Accrued Liabilities

	Mar 27, 2016		Sep 27, 2015
Accrued compensation and related costs	$	474.0	$	522.3
Accrued occupancy costs	145.0		137.2
Accrued taxes	184.8		259.0
Accrued dividends payable	292.9		297.0
Other	599.0		539.8
Total accrued liabilities	$	1,695.7	$	1,755.3

14

Note 7: 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 $1 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. We issue commercial paper from time to time, and the proceeds from borrowings are used for working capital needs, capital expenditures and other corporate purposes, including business expansion, payment of cash dividends on our common stock and share repurchases. As of March 27, 2016, we had $149.1 million of borrowings outstanding under the program with a weighted average interest rate of 0.60%. The estimated fair value of the commercial paper approximates its carrying value.

Long-term Debt

In February 2016, we issued additional long-term debt in an underwritten registered public offering, which consisted of $500 million of 5-year 2.100% Senior Notes (the "2021 notes") due February 2021. Interest on the 2021 notes is payable semi-annually on February 4 and August 4 of each year, commencing on August 4, 2016.

Components of long-term debt including the associated interest rates and related estimated fair values (in millions, except interest rates):

	Mar 27, 2016				Sep 27, 2015				Stated Interest Rate		Effective Interest Rate (1)
Issuance	Face Value		Estimated Fair Value		Face Value		Estimated Fair Value
2016 notes	$	400.0	$	400	$	400.0	$	400	0.875	%	0.941	%
2018 notes	350.0		356		350.0		354		2.000	%	2.012	%
2021 notes	500.0		506		—		—		2.100	%	2.293	%
2022 notes	500.0		510		500.0		503		2.700	%	2.819	%
2023 notes	750.0		814		750.0		790		3.850	%	2.860	%
2045 notes	350.0		384		350.0		355		4.300	%	4.348	%
Total	2,850.0		2,970		2,350.0		2,402
Aggregate unamortized discount	2.6				2.5
Total	$	2,847.4			$	2,347.5

⁽¹⁾  Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.

The indentures under which the above notes were issued require us to maintain compliance with certain covenants, including limits on future liens and sale and leaseback transactions on certain material properties. As of March 27, 2016, we were in compliance with all applicable covenants.

The following table summarizes our long-term debt maturities as of March 27, 2016 (in millions):

Fiscal Year	Total
2016	$	—
2017	400.0
2018	—
2019	350.0
2020	—
Thereafter	2,100.0
Total	$	2,850.0

15

Note 8: Equity

Changes in total equity (in millions):

	Two Quarters Ended
	Mar 27, 2016								Mar 29, 2015
	Attributable to Starbucks			Noncontrolling interest		Total Equity			Attributable to Starbucks			Noncontrolling interest			Total Equity
Beginning balance of total equity	$	5,818.0		$	1.8	$	5,819.8		$	5,272.0		$	1.7		$	5,273.7
Net earnings including noncontrolling interests	1,262.6			—		1,262.6			1,478.3			2.1			1,480.4
Translation adjustment, net of reclassifications and tax	36.6			—		36.6			(110.3		)	(31.1		)	(141.4		)
Unrealized gains/(losses), net of reclassifications and tax	(26.4		)	—		(26.4		)	(0.8		)	—			(0.8		)
Other comprehensive income/(loss)	10.2			—		10.2			(111.1		)	(31.1		)	(142.2		)
Stock-based compensation expense	109.5			—		109.5			105.2			—			105.2
Exercise of stock options/vesting of RSUs	59.7			—		59.7			104.6			—			104.6
Sale of common stock	6.9			—		6.9			11.3			—			11.3
Repurchase of common stock	(1,584.5		)	—		(1,584.5		)	(342.4		)	—			(342.4		)
Cash dividends declared	(587.8		)	—		(587.8		)	(479.9		)	—			(479.9		)
Noncontrolling interest resulting from acquisition	—			—		—			—			411.1			411.1
Purchase of noncontrolling interests	—			—		—			(29.3		)	(381.8		)	(411.1		)
Ending balance of total equity	$	5,094.6		$	1.8	$	5,096.4		$	6,008.7		$	2.0		$	6,010.7

Changes in AOCI by component, net of tax (in millions):

Quarter Ended

	Available-for-Sale Securities			Cash Flow Hedges			Net Investment Hedges		Translation Adjustment			Total
March 27, 2016
Net gains/(losses) in AOCI, beginning of period	$	0.8		$	23.4		$	1.3	$	(250.6	)	$	(225.1	)
Net gains/(losses) recognized in OCI before reclassifications	2.4			(50.7		)	—		61.0			12.7
Net (gains)/losses reclassified from AOCI to earnings	(0.3		)	23.5			—		—			23.2
Other comprehensive income/(loss) attributable to Starbucks	2.1			(27.2		)	—		61.0			35.9
Net gains/(losses) in AOCI, end of period	$	2.9		$	(3.8	)	$	1.3	$	(189.6	)	$	(189.2	)
March 29, 2015
Net gains/(losses) in AOCI, beginning of period	$	(0.9	)	$	32.9		$	1.3	$	(130.3	)	$	(97.0	)
Net gains/(losses) recognized in OCI before reclassifications	1.7			9.7			—		(3.1		)	8.3
Net (gains)/losses reclassified from AOCI to earnings	(0.4		)	4.0			—		—			3.6
Other comprehensive income/(loss) attributable to Starbucks	1.3			13.7			—		(3.1		)	11.9
Purchase of noncontrolling interests	—			—			—		(31.8		)	(31.8		)
Net gains/(losses) in AOCI, end of period	$	0.4		$	46.6		$	1.3	$	(165.2	)	$	(116.9	)

16

Two Quarters Ended

	Available-for-Sale Securities			Cash Flow Hedges			Net Investment Hedges			Translation Adjustment			Total
March 27, 2016
Net gains/(losses) in AOCI, beginning of period	$	(0.1	)	$	25.6		$	1.3		$	(226.2	)	$	(199.4	)
Net gains/(losses) recognized in OCI before reclassifications	3.0			(47.6		)	—			36.6			(8.0		)
Net (gains)/losses reclassified from AOCI to earnings	—			18.2			—			—			18.2
Other comprehensive income/(loss) attributable to Starbucks	3.0			(29.4		)	—			36.6			10.2
Net gains/(losses) in AOCI, end of period	$	2.9		$	(3.8	)	$	1.3		$	(189.6	)	$	(189.2	)
March 29, 2015
Net gains/(losses) in AOCI, beginning of period	$	(0.4	)	$	46.3		$	3.2		$	(23.8	)	$	25.3
Net gains/(losses) recognized in OCI before reclassifications	1.3			48.5			2.7			(124.6		)	(72.1		)
Net (gains)/losses reclassified from AOCI to earnings	(0.5		)	(48.2		)	(4.6		)	14.3			(39.0		)
Other comprehensive income/(loss) attributable to Starbucks	0.8			0.3			(1.9		)	(110.3		)	(111.1		)
Purchase of noncontrolling interests	—			—			—			(31.1		)	(31.1		)
Net gains/(losses) in AOCI, end of period	$	0.4		$	46.6		$	1.3		$	(165.2	)	$	(116.9	)

Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):

Quarter Ended

AOCI Components	Amounts Reclassified from AOCI						Affected Line Item in the Statements of Earnings
	Mar 27, 2016			Mar 29, 2015
Gains/(losses) on cash flow hedges
Interest rate hedges	$	1.3		$	1.3		Interest expense
Cross-currency swaps	(36.4		)	(10.6		)	Interest income and other, net
Foreign currency hedges	2.3			3.4			Revenues
Foreign currency/coffee hedges	5.0			1.3			Cost of sales including occupancy costs
	(27.8		)	(4.6		)	Total before tax
	4.3			0.6			Tax (expense)/benefit
	$	(23.5	)	$	(4.0	)	Net of tax

17

Two Quarters Ended

AOCI Components	Amounts Reclassified from AOCI						Affected Line Item in the Statements of Earnings
	Mar 27, 2016			Mar 29, 2015
Gains/(losses) on cash flow hedges
Interest rate hedges	$	2.8		$	2.6		Interest expense
Cross-currency swaps	(38.2		)	52.5			Interest income and other, net
Foreign currency hedges	5.4			5.9			Revenues
Foreign currency/coffee hedges	10.3			1.1			Cost of sales including occupancy costs
Gains/(losses) on net investment hedges(1)	—			7.2			Gain resulting from acquisition of joint venture
Translation adjustment(2)
Starbucks Japan	—			(7.2		)	Gain resulting from acquisition of joint venture
Other	—			(7.1		)	Interest income and other, net
	(19.7		)	55.0			Total before tax
	1.5			(16.5		)	Tax (expense)/benefit
	$	(18.2	)	$	38.5		Net of tax

⁽¹⁾  Release of pretax cumulative net gains in AOCI related to our net investment derivative instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.

⁽²⁾  Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign business.

In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of March 27, 2016.

We repurchased 27.5 million shares of common stock at a total cost of $1.6 billion, and 8.6 million shares at a total cost of $342.4 million for two quarters ended March 27, 2016 and March 29, 2015, respectively. As of March 27, 2016, 25.2 million shares remained available for repurchase under our ongoing share repurchase program. On April 21, 2016, we announced that our Board of Directors approved an increase of 100 million shares to our ongoing share repurchase program.

During the second quarter of fiscal 2016, our Board of Directors declared a quarterly cash dividend to shareholders of $0.20 per share to be paid on May 20, 2016 to shareholders of record as of the close of business on May 5, 2016.

Note 9: Employee Stock Plans

As of March 27, 2016, there were 85.7 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 14.1 million shares available for issuance under our employee stock purchase plan.

18

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):

	Quarter Ended				Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015
Options	$	7.5	$	8.1	$	23.0	$	20.6
Restricted Stock Units (“RSUs”)	43.8		44.2		85.6		83.6
Total stock-based compensation expense	$	51.3	$	52.3	$	108.6	$	104.2

Stock option and RSU transactions from September 27, 2015 through March 27, 2016 (in millions):

	Stock Options			RSUs
Options outstanding/Nonvested RSUs, September 27, 2015	33.6			10.7
Granted	5.6			3.9
Options exercised/RSUs vested	(3.6		)	(4.7		)
Forfeited/expired	(1.2		)	(1.0		)
Options outstanding/Nonvested RSUs, March 27, 2016	34.4			8.9
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 27, 2016	$	53.9		$	196.6

Note 10:     Earnings per Share

Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):

	Quarter Ended				Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015
Net earnings attributable to Starbucks	$	575.1	$	494.9	$	1,262.6	$	1,478.3
Weighted average common shares outstanding (for basic calculation)	1,472.1		1,500.5		1,479.0		1,499.7
Dilutive effect of outstanding common stock options and RSUs	14.5		16.0		16.0		17.0
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,486.6		1,516.5		1,495.0		1,516.7
EPS — basic	$	0.39	$	0.33	$	0.85	$	0.99
EPS — diluted	$	0.39	$	0.33	$	0.84	$	0.97

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and nonvested) and nonvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes out-of-the-money stock options (i.e., such options’ exercise prices were greater than the average market price of our common shares for the period) because their inclusion would have been antidilutive. Out-of-the-money stock options totaled approximately 5.2 million and 0.1 million as of March 27, 2016 and March 29, 2015, respectively.

19

Note 11:Segment Reporting

Our chief executive officer and chief operating officer comprise the Company's Chief Operating Decision Maker function ("CODM"). Segment information is prepared on the same basis that our CODM manages the segments, evaluates financial results, and makes key operating decisions.

The table below presents financial information for our reportable operating segments and All Other Segments (in millions):

Quarter Ended

	Americas		China/ Asia Pacific		EMEA		Channel Development		All Other Segments			Segment Total
March 27, 2016
Total net revenues	$	3,455.6	$	677.9	$	268.3	$	461.2	$	130.2		$	4,993.2
Depreciation and amortization expenses	151.7		44.0		10.7		0.7		3.4			210.5
Income from equity investees	—		32.7		0.3		32.6		—			65.6
Operating income/(loss)	812.0		129.3		27.6		182.0		(19.2		)	1,131.7
March 29, 2015
Total net revenues	$	3,128.0	$	595.2	$	280.3	$	428.0	$	132.0		$	4,563.5
Depreciation and amortization expenses	128.6		37.0		12.7		0.6		3.9			182.8
Income from equity investees	—		25.5		1.0		28.4		—			54.9
Operating income/(loss)	709.6		112.4		29.2		156.1		(4.1		)	1,003.2

Two Quarters Ended

	Americas		China/ Asia Pacific		EMEA		Channel Development		All Other Segments			Segment Total
March 27, 2016
Total net revenues	$	7,181.8	$	1,331.4	$	581.4	$	973.3	$	298.9		$	10,366.8
Depreciation and amortization expenses	292.5		86.1		22.2		1.4		7.0			409.2
Income from equity investees	—		63.9		1.5		64.3		—			129.7
Operating income/(loss)	1,746.5		256.1		75.8		375.2		(13.1		)	2,440.5
March 29, 2015
Total net revenues	$	6,494.9	$	1,091.0	$	613.7	$	870.5	$	296.7		$	9,366.8
Depreciation and amortization expenses	255.7		65.1		26.5		1.3		7.9			356.5
Income from equity investees	—		58.2		1.2		48.3		—			107.7
Operating income	1,527.1		220.6		79.1		313.3		6.4			2,146.5

Reconciliation of total segment operating income to consolidated earnings before income taxes (in millions):

	Quarter Ended						Two Quarters Ended
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015
Total segment operating income	$	1,131.7		$	1,003.2		$	2,440.5		$	2,146.5
Unallocated corporate operating expenses	(267.5		)	(225.7		)	(518.2		)	(453.4		)
Consolidated operating income	864.2			777.5			1,922.3			1,693.1
Gain resulting from acquisition of joint venture	—			—			—			390.6
Interest income and other, net	14.5			1.3			22.5			11.1
Interest expense	(18.3		)	(16.9		)	(34.8		)	(33.2		)
Earnings before income taxes	$	860.4		$	761.9		$	1,910.0		$	2,061.6

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

CAUTIONARY STATEMENT PURSUANT TO THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Certain statements herein, including statements regarding trends in or expectations relating to the expected effects of our initiatives and plans, as well as trends in or expectations regarding revenues, operating margins, comparable store sales, anticipated net new stores, earnings per share, tax rates, capital expenditures, sales leverage, sales growth, other financial results, impact of 53rd week in fiscal 2016 on financial results, operational efficiencies, the health and growth of our business overall and of specific businesses or markets, benefits of recent initiatives, investments in our business and partners, including investments in our digital platforms and innovation, foreign currency translation, the contribution of the China/Asia Pacific segment to overall company revenue growth, the sustained performance of the Japan market, and the growth of China into one of our largest international markets, continued disciplined licensed store expansion and focus on the customer experience in EMEA and expected operating performance and the impact of challenging consumer, economic and geopolitical environments in the region, growth in our single-serve category and developing an international presence, anticipated benefits from the transition of our transaction-based loyalty program to our spend program, and our expectation of no material change to our loyalty program liability as a result of these changes, business opportunities and expansion, strategic acquisitions, expenses, dividends, share repurchases, commodity costs and our mitigation strategies, liquidity, cash flow from operations, use of cash and cash requirements, borrowing capacity, repatriation of cash to the U.S., the potential issuance of debt and applicable interest rate, and the expected effects of new accounting pronouncements, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Actual future results and trends may differ materially depending on a variety of factors, including, but not limited to, fluctuations in U.S. and international economies and currencies, our ability to preserve, grow and leverage our brands, potential negative effects of material breaches of our information technology systems to the extent we experience a material breach, potential negative effects of incidents involving food-borne illnesses, food tampering, food contamination or mislabeling, material failures of our information technology systems, costs associated with, and the successful execution of, the company's initiatives and plans, including the integration of Starbucks Japan, the acceptance of the company's products by our customers, the impact of competition, coffee, dairy and other raw materials prices and availability, the effect of legal proceedings, and other risks detailed in our filings with the SEC, including in Part I Item IA “Risk Factors” in the 10-K.

A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this report. We are under no obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

This information should be read in conjunction with the condensed consolidated financial statements and the notes included in Item 1 of Part I of this 10-Q and the audited consolidated financial statements and notes, and Management’s Discussion and Analysis of Financial Condition and Results of Operations, contained in the 10-K.

General

Our fiscal year ends on the Sunday closest to September 30. All references to store counts, including data for new store openings, are reported net of store closures, unless otherwise noted. Our 2016 fiscal year will include 53 weeks, with the 53rd week falling in our fourth fiscal quarter.

Overview

Starbucks second quarter results reflect strong operating and financial performance and our continued ability to make disciplined investments in our business and our partners (employees). Consolidated total net revenues increased 9% to $5.0 billion, primarily driven by global comparable store sales growth of 6%, incremental revenues from 1,833 net new store openings over the last 12 months and increased product sales to and royalty revenues from our licensees. These increases were partially offset by $52 million of net unfavorable foreign currency translation, or a reduction of revenue growth by approximately 1% over the prior year second quarter. Consolidated operating income increased $87 million, or 11%, to $864 million. Operating margin expanded 30 basis points to 17.3%, primarily due to sales leverage, partially offset by investments in our partners (employees) and digital platforms, largely in the Americas segment. Earnings per share of $0.39 increased 18% over the prior year quarter earnings per share of $0.33.

The Americas segment continued to perform well in the second quarter, growing revenues by 10% to $3.5 billion, primarily driven by comparable store sales growth of 7%, comprised of a 5% increase in average ticket and a 3% increase in transactions, as well as revenues from 707 net new store openings over the past 12 months. Growth in our core beverages, including iced beverages and espresso, paired with the success of our food offerings, drove the increase in comparable store sales. Operating margin expanded 80 basis points to 23.5%, primarily due to sales leverage partially offset by investments in our partners and

21

digital platforms. Looking forward, we expect to continue to drive revenue growth and moderate margin expansion through new stores, continued innovation and leveraging investments in both our partners and our digital platforms, such as Mobile Order and Pay.

In our China/Asia Pacific segment, revenues grew by 14% to $678 million, primarily driven by incremental revenues from 884 net new stores over the past year, along with a 3% increase in comparable store sales. Operating income grew 15%, to $129 million, while operating margin expanded 20 basis points to 19.1%. The overall operating margin expansion was primarily due to sales leverage and higher income from our joint venture operations, partially offset by the impact of foreign currency translation and higher payroll-related expenditures. We expect this segment will become a more significant contributor to overall company revenue growth in the future as we look forward to continued net new store openings and the sustained performance of our Japan market. We also expect China to continue to move towards being one of our largest international markets, primarily driven by expanding our retail store presence and increasing transaction growth.

The EMEA segment revenues declined $12 million, or 4%, primarily due to the shift to more licensed stores in the region and unfavorable foreign currency translation. Partially offsetting lower company-operated store revenues and foreign currency impact were higher licensed store sales, primarily resulting from the opening of 273 net new licensed stores over the past 12 months. Operating margin declined 10 basis points to 10.3%, primarily driven by gains on the sales of certain store assets in the prior year. While our EMEA segment is affected by the challenging consumer, economic, and geopolitical environment across the region, we expect our continued disciplined licensed store expansion and focus on the customer experience will result in improved operating performance, with operating margin approaching 15% in fiscal 2016.

Channel Development segment revenues grew 8% for the quarter to $461 million, primarily due to higher sales of premium single-serve products, driven by sales of Starbucks- and Tazo-branded K-Cup^® portion packs, as well as increased foodservice and packaged coffee sales. Operating income grew $26 million, or 17%, to $182 million. Operating margin increased 300 basis points to 39.5% in the second quarter of fiscal 2016, primarily due to leverage on cost of sales, lower green coffee costs and strong performance from our North American Coffee Partnership joint venture. As we look ahead, we continue to expect moderate margin expansion driven by growing our premium single-serve category with innovative new products, including the ready-to-drink market, as well as developing our international presence.

Fiscal 2016 — Financial Outlook for the Year

For fiscal 2016, we expect revenue growth in excess of 10%, with our 53rd fiscal week contributing an additional 2% to our growth rate. Revenue growth will be driven by strong global comparable store sales somewhat above the mid-single digits and the addition of approximately 1,800 net new stores throughout fiscal 2016. Approximately one-half of net new store openings will be in our China/Asia Pacific segment, with approximately 40% coming from the Americas and the remaining 10% from the EMEA segment. For the full fiscal year, on a consolidated basis, foreign currency translation is expected to negatively impact revenues by 1%-2%. Additionally, our revenue guidance for fiscal 2016 incorporates the anticipated benefit from the transition of our transaction-based loyalty program, My Starbucks Rewards^®, to our spend-based program, Starbucks Rewards™, which occurred in April 2016. We expect our Starbucks Rewards™ program to drive deeper customer engagement through enhanced marketing and personalization efforts, which are expected to contribute to incremental comparable store sales growth beyond fiscal 2016. With the transition to Starbucks Rewards™, however, we do not expect a material change to our loyalty program liability for the balance of the fiscal year.

We expect consolidated operating margin to increase slightly in fiscal 2016 and full year 2016 earnings per share to be in the range of $1.85 to $1.86. Strong revenue growth, sales leverage, the benefit of a 53rd fiscal week, which we expect to contribute approximately $0.06 to earnings per share in our fiscal fourth quarter, and increased operating efficiencies are expected to be partially offset by the expansion of our continued investments in our partners (employees) and digital platforms and, to a lesser extent, unfavorable foreign currency impacts. Partner investments may include enhanced wages and benefits, such as food and education benefits, and strategic investments in digital platforms include mobile and loyalty programs, personalization, partnerships and digital marketing. When comparing to our fiscal 2015 earnings per share, it is important to note that fiscal 2015 benefited from a fair value gain adjustment of our preexisting 39.5% ownership interest as a result of acquiring Starbucks Japan, which contributed $0.26 to full year fiscal 2015 earnings per share of $1.82.

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Comparable Store Sales

Starbucks comparable store sales for the second quarter and the first two quarters of fiscal 2016:

	Quarter Ended Mar 27, 2016			Two Quarters Ended Mar 27, 2016
	Sales Growth	Change in Transactions	Change in Ticket	Sales Growth	Change in Transactions	Change in Ticket
Consolidated(1)	6%	2%	4%	7%	3%	4%
Americas	7%	3%	5%	8%	3%	5%
China/Asia Pacific(1)	3%	2%	2%	4%	2%	2%
EMEA	1%	—%	1%	1%	1%	—%

⁽¹⁾  Beginning in December of fiscal 2016, comparable store sales include the results of the 1,009 company-operated stores acquired as part of the acquisition of Starbucks Japan in the first quarter of fiscal 2015.

Our comparable store sales represent the growth in revenues from Starbucks^® company-operated stores open 13 months or longer. Comparable store sales exclude the effect of foreign currency translation.

Results of Operations (in millions)

Revenues

	Quarter Ended						Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		% Change		Mar 27, 2016		Mar 29, 2015		% Change
Company-operated stores	$	3,944.2	$	3,622.9	8.9	%	$	8,154.8	$	7,395.7	10.3	%
Licensed stores	493.1		421.3		17.0		1,033.8		905.3		14.2
CPG, foodservice and other	555.9		519.3		7.0		1,178.2		1,065.8		10.5
Total net revenues	$	4,993.2	$	4,563.5	9.4	%	$	10,366.8	$	9,366.8	10.7	%

Total net revenues for the second quarter and first two quarters of fiscal 2016 increased $430 million and $1 billion, respectively, primarily due to increased revenues from company-operated stores (contributing $321 million and $759 million, respectively). The increase in company-operated store revenues was driven by an increase in comparable store sales (approximately 6% growth, or $224 million, for the second quarter, and 7% growth, or $509 million, for the first two quarters)and incremental revenues from 627 net new Starbucks^® company-operated store openings over the past 12 months (approximately $180 million and $352 million, respectively). Incremental revenues from the impact of our ownership change in Starbucks Japan (approximately $105 million) also contributed to the increase in the first two quarters. Partially offsetting these increases was the impact of unfavorable foreign currency translation (approximately $43 million for the second quarter and $130 million for the first two quarters), as well as the absence of revenue from the conversion of certain company-operated stores to licensed (approximately $25 million for the second quarter and $52 million for the first two quarters).

Licensed store revenue growth also contributed to the increase in total net revenues for the second quarter and first two quarters of fiscal 2016 (contributing $72 million and $129 million, respectively). These increases were primarily a result of increased product sales to and royalty revenues from our licensees, largely due to the opening of 1,242 net new Starbucks^® licensed stores over the past 12 months and improved comparable store sales. These increases were partially offset by unfavorable foreign currency translation (approximately $7 million in the second quarter and $25 million in the first two quarters), as well as a decrease in licensed store revenues resulting from the impact of our ownership change in Starbucks Japan (approximately $6 million in the first two quarters).

CPG, foodservice and other revenues increased $37 million and $112 million for the second quarter and first two quarters of fiscal 2016, respectively. These increases for the second quarter and for the first two quarters were primarily due to higher sales of premium single-serve products (approximately $18 million and $65 million, respectively), foodservice sales (approximately $9 million and $24 million, respectively), and U.S. packaged coffee (approximately $7 million and $22 million, respectively).

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Operating Expenses

	Quarter Ended								Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015
					% of Total Net Revenues								% of Total Net Revenues
Cost of sales including occupancy costs	$	2,010.3	$	1,859.8	40.3	%	40.8	%	$	4,196.5	$	3,851.0	40.5	%	41.1	%
Store operating expenses	1,466.4		1,324.6		29.4		29.0		2,972.6		2,640.1		28.7		28.2
Other operating expenses	139.6		133.5		2.8		2.9		285.8		262.9		2.8		2.8
Depreciation and amortization expenses	247.8		217.1		5.0		4.8		483.3		423.1		4.7		4.5
General and administrative expenses	330.5		305.9		6.6		6.7		636.0		604.3		6.1		6.5
Total operating expenses	4,194.6		3,840.9		84.0		84.2		8,574.2		7,781.4		82.7		83.1
Income from equity investees	65.6		54.9		1.3		1.2		129.7		107.7		1.3		1.1
Operating income	$	864.2	$	777.5	17.3	%	17.0	%	$	1,922.3	$	1,693.1	18.5	%	18.1	%
Store operating expenses as a % of related revenues					37.2	%	36.6	%					36.5	%	35.7	%

Cost of sales including occupancy costs as a percentage of total net revenues decreased 50 basis points for the second quarter and 60 basis points for the first two quarters of fiscal 2016, primarily due to leverage on cost of sales and occupancy costs (approximately 20 basis points in the second quarter and 70 basis points in the first two quarters). Lower dairy costs also contributed to the decrease in the second quarter (approximately 20 basis points).

Store operating expenses as a percentage of total net revenues increased 40 basis points for the second quarter and 50 basis points for the first two quarters of fiscal 2016. Store operating expenses as a percentage of company-operated store revenues increased 60 basis points for the second quarter and 80 basis points for the first two quarters, primarily driven by increased investments in our partners (employees) and digital platforms (approximately 80 basis points for both periods), largely in the Americas segment. The increase in the second quarter was partially offset by sales leverage (approximately 40 basis points).

Other operating expenses as a percentage of total net revenues decreased 10 basis points for the second quarter and were flat for the first two quarters of fiscal 2016. Excluding the impact of company-operated store revenues, other operating expenses decreased 90 basis points for the second quarter and 40 basis points for the first two quarters, primarily driven by the lapping of the impairment of certain assets in the Americas segment in the prior year (approximately 80 basis points in the second quarter and 40 basis points in the first two quarters).

As a percentage of total net revenues, general and administrative expenses decreased 10 basis points and 40 basis points for the second quarter and first two quarters of fiscal 2016, respectively, primarily as a result of lower performance-based compensation expense (approximately 30 basis points and 20 basis points, respectively) and sales leverage (10 basis points and 20 basis points, respectively). Additional employment taxes resulting from an audit of prior periods negatively impacted general and administrative expenses by 40 basis points and 10 basis points for the second quarter and first two quarters of fiscal 2016.

The combination of these changes resulted in an overall increase in operating margin of 30 basis points for the second quarter and 40 basis points for the first two quarters of fiscal 2016.

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Other Income and Expenses

	Quarter Ended										Two Quarters Ended
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016		Mar 29, 2015		Mar 27, 2016			Mar 29, 2015			Mar 27, 2016		Mar 29, 2015
							% of Total Net Revenues										% of Total Net Revenues
Operating income	$	864.2		$	777.5		17.3	%	17.0	%	$	1,922.3		$	1,693.1		18.5	%	18.1	%
Gain resulting from acquisition of joint venture	—			—			—		—		—			390.6			—		4.2
Interest income and other, net	14.5			1.3			0.3		—		22.5			11.1			0.2		0.1
Interest expense	(18.3		)	(16.9		)	(0.4	)	(0.4	)	(34.8		)	(33.2		)	(0.3	)	(0.4	)
Earnings before income taxes	860.4			761.9			17.2		16.7		1,910.0			2,061.6			18.4		22.0
Income tax expense	285.4			266.3			5.7		5.8		647.4			581.2			6.2		6.2
Net earnings including noncontrolling interests	575.0			495.6			11.5		10.9		1,262.6			1,480.4			12.2		15.8
Net earnings/(loss) attributable to noncontrolling interests	(0.1		)	0.7			—		—		—			2.1			—		—
Net earnings attributable to Starbucks	$	575.1		$	494.9		11.5	%	10.8	%	$	1,262.6		$	1,478.3		12.2	%	15.8	%
Effective tax rate including noncontrolling interests							33.2	%	35.0	%							33.9	%	28.2	%

During the first quarter of fiscal 2015, we recorded a gain of $391 million as a result of remeasuring our preexisting 39.5% ownership interest in Starbucks Japan to fair value upon acquisition.

Net interest income and other increased $13 million for the second quarter and $11 million for the first two quarters of fiscal 2016, primarily related to higher income recognized on unredeemed stored value card balances.

The effective tax rate for the quarter ended March 27, 2016 was 33.2% compared to 35.0% for the same quarter in fiscal 2015. The decrease was primarily due to higher domestic manufacturing deductions claimed for the current year (approximately 70 basis points) and income tax credits associated with the additional employment taxes from prior periods (approximately 70 basis points). The effective tax rate for the two quarters ended March 27, 2016 was 33.9% compared to 28.2% for the same period in fiscal 2015. The increase in the rate for the first two quarters of fiscal 2016 was primarily due to the 7.0% impact of the gain in the prior year associated with the remeasurement of our preexisting 39.5% ownership interest in Starbucks Japan upon acquisition, which was almost entirely non-taxable.

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Segment Information

Results of operations by segment (in millions):

Americas

	Quarter Ended								Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015
					% of Americas Net Revenues								% of Americas Net Revenues
Net revenues:
Company-operated stores	$	3,097.5	$	2,818.6	89.6	%	90.1	%	$	6,428.2	$	5,829.2	89.5	%	89.8	%
Licensed stores	351.8		301.9		10.2		9.7		739.4		648.1		10.3		10.0
Foodservice and other	6.3		7.5		0.2		0.2		14.2		17.6		0.2		0.3
Total net revenues	3,455.6		3,128.0		100.0		100.0		7,181.8		6,494.9		100.0		100.0
Cost of sales including occupancy costs	1,230.0		1,135.8		35.6		36.3		2,576.9		2,396.8		35.9		36.9
Store operating expenses	1,186.7		1,065.0		34.3		34.0		2,413.5		2,149.4		33.6		33.1
Other operating expenses	27.7		36.4		0.8		1.2		60.4		66.6		0.8		1.0
Depreciation and amortization expenses	151.7		128.6		4.4		4.1		292.5		255.7		4.1		3.9
General and administrative expenses	47.5		52.6		1.4		1.7		92.0		99.3		1.3		1.5
Total operating expenses	2,643.6		2,418.4		76.5		77.3		5,435.3		4,967.8		75.7		76.5
Operating income	$	812.0	$	709.6	23.5	%	22.7	%	$	1,746.5	$	1,527.1	24.3	%	23.5	%
Store operating expenses as a % of related revenues					38.3	%	37.8	%					37.5	%	36.9	%

Revenues

Americas total net revenues for the second quarter and first two quarters of fiscal 2016 increased $328 million, or 10%, and $687 million, or 11%, respectively. These increases were primarily due to higher revenues from company-operated stores (contributing $279 million and $599 million, respectively) and licensed stores (contributing $50 million and $91 million, respectively).

The increase in company-operated store revenues was driven by a 7% increase in comparable store sales (approximately $205 million) for the second quarter, and 8% growth in comparable store sales (approximately $469 million) for the first two quarters, as well as incremental revenues from 318 net new Starbucks^® company-operated store openings over the past 12 months (approximately $117 million for the second quarter and $237 million for the first two quarters). Partially offsetting these increases was unfavorable foreign currency translation (approximately $28 million for the second quarter and $78 million for the first two quarters), primarily driven by the strengthening of the U.S. dollar against the Canadian dollar.

The increase in licensed store revenues was primarily due to higher product sales to and royalty revenues from our licensees, resulting from the opening of 412 net new licensed stores over the past 12 months and improved comparable store sales.

Operating Expenses

Cost of sales including occupancy costs as a percentage of total net revenues decreased 70 basis points for the second quarter and 100 basis points for the first two quarters of fiscal 2016, primarily driven by leverage on cost of sales and occupancy costs (approximately 60 basis points for both periods) and lower dairy costs (approximately 20 basis points for the second quarter and 40 basis points for the first two quarters).

Store operating expenses as a percentage of total net revenues increased 30 basis points for the second quarter and 50 basis points for the first two quarters of fiscal 2016. Store operating expenses as a percentage of company-operated store revenues increased 50 basis points for the second quarter and 60 basis points for the first two quarters, primarily driven by increased investments in our store partners (employees) and digital platforms (approximately 110 basis points for both periods), partially offset by sales leverage on salaries and benefits (approximately 90 basis points for the second quarter and 70 basis points for the first two quarters).

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Other operating expenses as a percentage of total net revenues decreased 40 basis points for the second quarter and 20 basis points for the first two quarters of fiscal 2016. Excluding the impact of company-operated store revenues, other operating expenses decreased 410 basis points for the second quarter and 200 basis points for the first two quarters, primarily driven by lapping the impairment of certain assets in the region (approximately 240 basis points in the second quarter and 110 basis points in the first two quarters), as well as sales leverage (20 basis points in the second quarter and 40 basis points in the first two quarters).

The combination of these changes resulted in an overall increase in operating margin of 80 basis points for the second quarter and first two quarters of fiscal 2016.

China/Asia Pacific

	Quarter Ended								Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015
					% of CAP Net Revenues								% of CAP Net Revenues
Net revenues:
Company-operated stores	$	608.5	$	532.3	89.8	%	89.4	%	$	1,188.6	$	954.1	89.3	%	87.5	%
Licensed stores	67.0		61.4		9.9		10.3		139.1		134.6		10.4		12.3
Foodservice and other	2.4		1.5		0.4		0.3		3.7		2.3		0.3		0.2
Total net revenues	677.9		595.2		100.0		100.0		1,331.4		1,091.0		100.0		100.0
Cost of sales including occupancy costs	307.2		269.4		45.3		45.3		602.3		503.0		45.2		46.1
Store operating expenses	182.3		157.0		26.9		26.4		357.6		274.8		26.9		25.2
Other operating expenses	17.2		12.5		2.5		2.1		32.1		27.6		2.4		2.5
Depreciation and amortization expenses	44.0		37.0		6.5		6.2		86.1		65.1		6.5		6.0
General and administrative expenses	30.6		32.4		4.5		5.4		61.1		58.1		4.6		5.3
Total operating expenses	581.3		508.3		85.8		85.4		1,139.2		928.6		85.6		85.1
Income from equity investees	32.7		25.5		4.8		4.3		63.9		58.2		4.8		5.3
Operating income	$	129.3	$	112.4	19.1	%	18.9	%	$	256.1	$	220.6	19.2	%	20.2	%
Store operating expenses as a % of related revenues					30.0	%	29.5	%					30.1	%	28.8	%

Revenues

China/Asia Pacific total net revenues for the second quarter and first two quarters of fiscal 2016 increased $83 million, or 14%, and $240 million, or 22%, respectively. The increases were primarily from higher company-operated store revenues (approximately $76 million for the second quarter and $235 million for the first two quarters), driven by incremental revenues from 327 net new company-operated store openings over the past 12 months (approximately $67 million for the second quarter and $126 million for the first two quarters), as well as the change in ownership of Starbucks Japan to primarily company-operated stores ($105 million in the first two quarters). Also contributing was an increase in comparable store sales (approximately 3% growth, or $17 million for the second quarter and 4% growth, or $35 million for the first two quarters), partially offset by unfavorable foreign currency translation (approximately $8 million in the second quarter and $32 million in the first two quarters).

Licensed store revenues increased $6 million for the second quarter and $5 million for the first two quarters of fiscal 2016, primarily due to increased product sales to and royalty revenues from licensees (approximately $8 million for the second quarter and $16 million for the first two quarters), primarily resulting from the opening of 557 net new licensed stores over the past 12 months. The increase in the first two quarters was partially offset by a decrease in licensed store revenues resulting from the change in ownership of Starbucks Japan to primarily company-operated stores (approximately $6 million) and unfavorable foreign currency translation (approximately $3 million).

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Operating Expenses

Cost of sales including occupancy costs as a percentage of total net revenues was flat for the second quarter and decreased 90 basis points for the first two quarters of fiscal 2016. The decrease in the first two quarters was primarily due to the impact of our ownership change in Starbucks Japan (approximately 70 basis points).

Store operating expenses as a percentage of total net revenues increased 50 basis points for the second quarter and 170 basis points for the first two quarters of fiscal 2016. As a percentage of company-operated store revenues, store operating expenses increased 50 basis points for the second quarter and 130 basis points for the first two quarters. The increase in the first two quarters was primarily related to the impact of our ownership change in Starbucks Japan (approximately 70 basis points). Partner investments and higher payroll-related expenditures also contributed to the increase (approximately 70 basis points for the second quarter and 60 basis points for the first two quarters).

Other operating expenses as a percentage of total net revenues increased 40 basis points for the second quarter and decreased 10 basis points for the first two quarters of fiscal 2016. Excluding the impact of company-operated store revenues, other operating expenses increased 490 basis points in the second quarter and 230 basis points in the first two quarters. The increase in the second quarter was primarily due to the impact of investments in regional leadership and training conferences (approximately 220 basis points), digital platforms and upgrade of facilities (approximately 120 basis points) and higher payroll-related expenditures (approximately 120 basis points). The increase in the first two quarters was primarily due to higher payroll-related expenditures (approximately 120 basis points) and the impact of our ownership change in Starbucks Japan (approximately 100 basis points).

Income from equity investees as a percentage of total net revenues increased 50 basis points for the second quarter and decreased 50 basis points for the first two quarters of fiscal 2016, primarily driven by higher income from our joint venture operations, primarily in China and South Korea (approximately 120 basis points for the second quarter and 140 basis points for the first two quarters), partially offset by the unfavorable foreign currency translation (approximately 50 basis points for both periods). The impact of the ownership change in Starbucks Japan also contributed to the decrease for the first two quarters (approximately 100 basis points).

The combination of these changes resulted in an overall increase in operating margin of 20 basis points for the second quarter and a decrease of 100 basis points for the first two quarters of fiscal 2016.

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EMEA

	Quarter Ended								Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015
					% of EMEA Net Revenues								% of EMEA Net Revenues
Net revenues:
Company-operated stores	$	182.8	$	212.5	68.1	%	75.8	%	$	401.7	$	470.2	69.1	%	76.6	%
Licensed stores	73.3		56.6		27.3		20.2		153.1		119.9		26.3		19.5
Foodservice	12.2		11.2		4.5		4.0		26.6		23.6		4.6		3.8
Total net revenues	268.3		280.3		100.0		100.0		581.4		613.7		100.0		100.0
Cost of sales including occupancy costs	136.6		135.0		50.9		48.2		288.0		291.4		49.5		47.5
Store operating expenses	66.5		76.2		24.8		27.2		140.4		162.0		24.1		26.4
Other operating expenses	13.9		13.5		5.2		4.8		28.7		27.2		4.9		4.4
Depreciation and amortization expenses	10.7		12.7		4.0		4.5		22.2		26.5		3.8		4.3
General and administrative expenses	13.3		14.7		5.0		5.2		27.8		28.7		4.8		4.7
Total operating expenses	241.0		252.1		89.8		89.9		507.1		535.8		87.2		87.3
Income from equity investees	0.3		1.0		0.1		0.4		1.5		1.2		0.3		0.2
Operating income	$	27.6	$	29.2	10.3	%	10.4	%	$	75.8	$	79.1	13.0	%	12.9	%
Store operating expenses as a % of related revenues					36.4	%	35.9	%					35.0	%	34.5	%

Revenues

EMEA total net revenues decreased $12 million, or 4%, for the second quarter and decreased $32 million, or 5% for the first two quarters of fiscal 2016. The decreases were primarily from a decline in company-operated store revenues (approximately $30 million and $69 million, respectively). The decreases in company-operated store revenues were driven by the shift to more licensed stores in the region (approximately $24 million in the second quarter and $52 million in the first two quarters), which includes the absence of revenues from the conversion of certain company-operated to licensed and net store closures. Also contributing to the decrease in company-operated revenues was unfavorable foreign currency translation (approximately $7 million for the second quarter and $21 million for the first two quarters).

Licensed store revenues increased (approximately $17 million, or 30%, for the second quarter and $33 million, or 28%, for the first two quarters), primarily due to higher product sales to and royalty revenues from our licensees (approximately $24 million and $54 million, respectively) resulting from the opening of 273 net new licensed stores over the past 12 months, partially offset by unfavorable foreign currency translation (approximately $5 million and $18 million, respectively).

Operating Expenses

Cost of sales including occupancy costs as a percentage of total net revenues increased 270 basis points for the second quarter and 200 basis points for the first two quarters of fiscal 2016, primarily due to the shift to more licensed stores in the region (approximately 120 basis points for the second quarter and 180 basis points for the first two quarters). Also contributing to the increase in the second quarter was the change in product mix at company-owned stores (approximately 50 basis points).

Store operating expenses as a percentage of total net revenues decreased 240 basis points for the second quarter and 230 basis points for the first two quarters of fiscal 2016. As a percentage of company-operated store revenues, store operating expenses increased 50 basis points in the second quarter, primarily driven by lapping gains on the sales of certain store assets in the prior year (approximately 100 basis points). As a percentage of company-operated store revenues, for the first two quarters of fiscal 2016, store operating expenses increased 50 basis points primarily driven by sales deleverage due to a decrease in retail sales as a result of the shift to more licensed stores (approximately 160 basis points) partially offset by gains on the sales of certain store assets (approximately 100 basis points).

Other operating expenses as a percentage of total net revenues increased 40 basis points for the second quarter and 50 basis points for the first two quarters of fiscal 2016. Excluding the impact of company-operated store revenues, other operating expenses decreased 360 basis points for the second quarter and 300 basis points for the first two quarters, primarily due to sales

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leverage driven by the shift to more licensed stores in the region (approximately 200 basis points for the second quarter and 190 basis points for the first two quarters), as well as timing of design fees for licensed stores (approximately 120 basis points for the second quarter and 90 basis points for the first two quarters).

The combination of these changes resulted in an overall decrease in operating margin of 10 basis points for the second quarter and increase in operating margin of 10 basis points for the first two quarters of fiscal 2016.

Channel Development

	Quarter Ended								Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015
					% of Channel Development Net Revenues								% of Channel Development Net Revenues
Net revenues:
CPG	$	354.4	$	329.8	76.8	%	77.1	%	$	753.6	$	673.5	77.4	%	77.4	%
Foodservice	106.8		98.2		23.2		22.9		219.7		197.0		22.6		22.6
Total net revenues	461.2		428.0		100.0		100.0		973.3		870.5		100.0		100.0
Cost of sales	252.9		244.5		54.8		57.1		538.4		493.8		55.3		56.7
Other operating expenses	53.5		50.9		11.6		11.9		113.8		102.0		11.7		11.7
Depreciation and amortization expenses	0.7		0.6		0.2		0.1		1.4		1.3		0.1		0.1
General and administrative expenses	4.7		4.3		1.0		1.0		8.8		8.4		0.9		1.0
Total operating expenses	311.8		300.3		67.6		70.2		662.4		605.5		68.1		69.6
Income from equity investees	32.6		28.4		7.1		6.6		64.3		48.3		6.6		5.5
Operating income	$	182.0	$	156.1	39.5	%	36.5	%	$	375.2	$	313.3	38.5	%	36.0	%

Revenues

Channel Development total net revenues for the second quarter and the first two quarters of fiscal 2016 increased $33 million, or 8%, and $103 million, or 12%, respectively, primarily driven by higher sales of premium single-serve products (approximately $18 million for the second quarter and $58 million for the first two quarters). An increase in foodservice sales (approximately $9 million for the second quarter and $23 million for the first two quarters) and U.S. packaged coffee sales (approximately $4 million for the second quarter and $18 million for the first two quarters) also contributed.

Operating Expenses

Cost of sales as a percentage of total net revenues decreased 230 basis points for the second quarter and 140 basis points for the first two quarters, primarily driven by leverage on cost of sales (approximately 170 basis points and 120 basis points, respectively). Lower green coffee costs also contributed to the decrease for the second quarter (approximately 100 basis points).

Other operating expenses as a percentage of total net revenues decreased 30 basis points for the second quarter and was flat for the first two quarters of fiscal 2016. In the second quarter, the decrease was primarily driven by lower sales commissions (approximately 30 basis points).

Income from equity investees increased 50 basis points for the second quarter and 110 basis points for the first two quarters of fiscal 2016 due to higher income from our North American Coffee Partnership joint venture, primarily due to increased sales volumes of canned Doubleshot^® and bottled Frappuccino^® beverages and new product launches.

The combination of these changes resulted in an overall increase in operating margin of 300 basis points for the second quarter and 250 basis points in the first two quarters of fiscal 2016.

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All Other Segments

	Quarter Ended								Two Quarters Ended
	Mar 27, 2016			Mar 29, 2015			% Change		Mar 27, 2016			Mar 29, 2015		% Change
Net revenues:
Company-operated stores	$	55.4		$	59.5		(6.9	)%	$	136.3		$	142.2	(4.1	)%
Licensed stores	1.0			1.4			(28.6	)	2.2			2.7		(18.5	)
CPG, foodservice and other	73.8			71.1			3.8		160.4			151.8		5.7
Total net revenues	130.2			132.0			(1.4	)	298.9			$	296.7	0.7
Cost of sales including occupancy costs	83.0			76.6			8.4		178.3			169.8		5.0
Store operating expenses	30.9			26.4			17.0		61.1			53.9		13.4
Other operating expenses	27.2			20.3			34.0		50.8			39.8		27.6
Depreciation and amortization expenses	3.4			3.9			(12.8	)	7.0			7.9		(11.4	)
General and administrative expenses	4.9			8.9			(44.9	)	14.8			18.9		(21.7	)
Total operating expenses	149.4			136.1			9.8		312.0			290.3		7.5
Operating income/(loss)	$	(19.2	)	$	(4.1	)	368.3	%	$	(13.1	)	$	6.4	nm

All Other Segments primarily includes Teavana, Seattle’s Best Coffee, Evolution Fresh, e-commerce and Digital Ventures, as well as certain developing businesses such as the Starbucks Reserve^® Roastery & Tasting Room.

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Quarterly Store Data

Our store data for the periods presented is as follows:

	Net stores opened/(closed) and transferred during the period
	Quarter Ended				Two Quarters Ended				Stores open as of
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015		Mar 27, 2016	Mar 29, 2015
Americas(1)
Company-operated stores	38		52		119		119		8,790	8,514
Licensed stores	94		(54	)	184		89		6,316	5,885
Total Americas	132		(2	)	303		208		15,106	14,399
China/Asia Pacific(2)
Company-operated stores	54		66		144		1,137		2,596	2,269
Licensed stores	121		110		312		(727	)	3,322	2,765
Total China/Asia Pacific	175		176		456		410		5,918	5,034
EMEA
Company-operated stores	(10	)	(17	)	(49	)	(24	)	688	793
Licensed stores	57		52		175		117		1,800	1,440
Total EMEA	47		35		126		93		2,488	2,233
All Other Segments
Company-operated stores	(4	)	1		(5	)	10		370	379
Licensed stores	—		—		(2	)	1		39	43
Total All Other Segments	(4	)	1		(7	)	11		409	422
Total Company	350		210		878		722		23,921	22,088

⁽¹⁾ Americas store data includes the closure of 132 Target Canada licensed stores in the second quarter of fiscal 2015.

⁽²⁾  China/Asia Pacific store data includes the transfer of 1,009 Japan stores from licensed stores to company-operated as a result of the acquisition of Starbucks Japan in the first quarter of fiscal 2015.

Financial Condition, Liquidity and Capital Resources

Investment Overview

Our cash and investments totaled $2.0 billion as of March 27, 2016 and $1.9 billion as of September 27, 2015. We actively manage our cash and investments in order to internally fund operating needs, make scheduled interest and principal payments on our borrowings, make acquisitions, and return cash to shareholders through common stock cash dividend payments and share repurchases. Our investment portfolio primarily includes highly liquid available-for-sale securities, including government treasury securities (foreign and domestic), corporate debt securities, mortgage and asset-backed securities, agency obligations and state and local government obligations. As of March 27, 2016, approximately $1.4 billion of our cash and investments were held in foreign subsidiaries.

Borrowing Capacity

In the first quarter of fiscal 2016, we replaced our 2013 credit facility with our new $1.5 billion unsecured, revolving 2016 credit facility (the "credit facility") with various banks, of which $150 million may be used for issuances of letters of credit.

The credit facility is available for working capital, capital expenditures and other corporate purposes, including acquisitions and share repurchases, and is currently set to mature on November 6, 2020. Starbucks has the option, subject to negotiation and agreement with the related banks, to increase the maximum commitment amount by an additional $750 million. Borrowings under the credit facility will bear interest at a variable rate based on LIBOR, and, for U.S. dollar-denominated loans under certain circumstances, a Base Rate (as defined in the credit facility), in each case plus an applicable margin. The applicable margin is based on the better of (i) the Company's long-term credit ratings assigned by Moody's and Standard & Poor's rating agencies and (ii) the Company's fixed charge coverage ratio, pursuant to a pricing grid set forth in the credit agreement. The current applicable margin is 0.565% for Eurocurrency Rate Loans and 0.00% for Base Rate Loans. The credit facility contains provisions requiring us to maintain compliance with certain covenants, including a minimum fixed charge coverage ratio,

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which measures our ability to cover financing expenses. As of March 27, 2016, we were in compliance with all applicable covenants. No amounts were outstanding under our credit facility as of March 27, 2016.

Under our commercial paper program, we may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $1 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 discussed above. The proceeds from borrowings under our commercial paper program may be used for working capital needs, capital expenditures and other corporate purposes, including, but not limited to, business expansion, payment of cash dividends on our common stock and share repurchases. As of March 27, 2016, we had $149 million in outstanding borrowings and $851 million available under the program.

The indentures under which all of our Senior Notes were issued, as detailed in Note 7, Debt, to the condensed consolidated financial statements included in Item 1 of Part I of this 10-Q, require us to maintain compliance with certain covenants, including limits on future liens and sale and leaseback transactions on certain material properties. As of March 27, 2016, we were in compliance with all applicable covenants.

In February 2016, we issued additional long-term debt in an underwritten registered public offering, which consisted of $500 million of 5-year 2.100% Senior Notes (the "2021 notes") due February 2021. Interest on the 2021 notes is payable semi-annually on February 4 and August 4 of each year, commencing on August 4, 2016. See Note 7, Debt, to the condensed consolidated financial statements included in Item 1 of Part I of this 10-Q for details of the components of our long-term debt.

Use of Cash

We expect to use our available cash and investments, including, but not limited to, additional potential future borrowings under the credit facility and commercial paper program, to invest in our core businesses, including capital expenditures, new product innovations, related marketing support and partner and digital investments, return cash to shareholders through common stock cash dividend payments and share repurchases, as well as other new business opportunities related to our core businesses. Further, we may use our available cash resources to make proportionate capital contributions to our investees. We may also seek strategic acquisitions to leverage existing capabilities and further build our business in support of our growth agenda. Acquisitions may include increasing our ownership interests in our investees. Any decisions to increase such ownership interests will be driven by valuation and fit with our ownership strategy.

We believe that future cash flows generated from operations and existing cash and investments both domestically and internationally will be sufficient to finance capital requirements for our core businesses in those respective markets as well as shareholder distributions for the foreseeable future. Significant new joint ventures, acquisitions and/or other new business opportunities may require additional outside funding. We have borrowed funds domestically and continue to believe we have the ability to do so at reasonable interest rates; however, additional borrowings would result in increased interest expense in the future.

We consider the majority of undistributed earnings of our foreign subsidiaries and equity investees as of March 27, 2016 to be indefinitely reinvested and, accordingly, no U.S. income and foreign withholding taxes have been provided on such earnings. We have not, nor do we anticipate the need to, repatriate funds to the U.S. to satisfy domestic liquidity needs; however, in the event that we need to repatriate all or a portion of our foreign cash to the U.S., we would be subject to additional U.S. income taxes, which could be material. We do not believe it is practicable to calculate the potential tax impact of repatriation, as there is a significant amount of uncertainty around the calculation, including the availability and amount of foreign tax credits at the time of repatriation, tax rates in effect, and other indirect tax consequences associated with repatriation.

During the second quarter of fiscal 2016, our Board of Directors declared a quarterly cash dividend to shareholders of $0.20 per share to be paid on May 20, 2016 to shareholders of record as of the close of business on May 5, 2016. We repurchased 27.5 million shares of common stock ($1.6 billion) during the first two quarters of fiscal 2016 under our ongoing share repurchase program. The number of remaining shares authorized for repurchase as of March 27, 2016 totaled 25.2 million, not including the additional 100 million shares authorized for repurchase by our Board of Directors that we announced on April 21, 2016.

Other than normal operating expenses, cash requirements for the remainder of fiscal 2016 are expected to consist primarily of capital expenditures for new company-operated stores; remodeling and refurbishment of, and equipment upgrades for, existing company-operated stores; systems and technology investments in the stores and in the support infrastructure; and additional investments in manufacturing capacity. Total capital expenditures for fiscal 2016 are expected to be approximately $1.4 billion. Additionally, as presented in Note 7, Debt, to the condensed consolidated financial statements included in Item 1 of Part I of this 10-Q, our $400 million of 0.875% Senior Notes (the "2016 notes") will mature in our first quarter of fiscal 2017.

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Cash Flows

Cash provided by operating activities was $2.2 billion for the first two quarters of fiscal 2016, compared to $2.0 billion for the same period in fiscal 2015. The change was primarily due to increased earnings, adjusted for non-cash items such as the gain resulting from the acquisition of Starbucks Japan, the timing of our cash payments for income taxes and partially offset by changes in our working capital accounts.

Cash used by investing activities for the first two quarters of fiscal 2016 totaled $952.8 million, compared to $872.8 million for the same period in fiscal 2015. The change was primarily due to the increase in purchases of investments, primarily U.S. government treasury securities and corporate debt securities, and capital expenditures associated with new store openings and renovations, partially offset by lapping of cash used to acquire Sazaby's 39.5% ownership interest in Starbucks Japan.

Cash used by financing activities for the first two quarters of fiscal 2016 totaled $1,463.0 million, compared to $975.4 million for the same period in fiscal 2015. The change was primarily due to increased share repurchases, partially offset by proceeds from the issuance of long term debt and the issuance of commercial paper and lapping of cash used to fund the second tender offer step of the Starbucks Japan acquisition.

Contractual Obligations

In Management’s Discussion and Analysis of Financial Condition and Results of Operations included in the 10-K, we disclosed that we had $10.3 billion in total contractual obligations as of September 27, 2015. Other than the item discussed below, there have been no material changes to our total obligations during the period covered by this 10-Q outside of the normal course of our business.

In the second quarter of fiscal 2016, we issued $500 million of debt as described in Note 7, Debt, to the condensed consolidated financial statements included in Item 1 of Part I of this 10-Q. 

Off-Balance Sheet Arrangements

There has been no material change in our off-balance sheet arrangements discussed in Management’s Discussion and Analysis of Financial Condition and Results of Operations included in the 10-K.

Commodity Prices, Availability and General Risk Conditions

Commodity price risk represents our primary market risk, generated by our purchases of green coffee and dairy products, among other items. We purchase, roast and sell high-quality arabica coffee and related products and risk arises from the price volatility of green coffee. In addition to coffee, we also purchase significant amounts of dairy products to support the needs of our company-operated stores. The price and availability of these commodities directly impacts our results of operations and we expect commodity prices, particularly coffee, to impact future results of operations. For additional details, see Product Supply in Item 1 of the 10-K, as well as Risk Factors in Item 1A of the 10-K.

Seasonality and Quarterly Results

Our business is subject to moderate seasonal fluctuations, of which our fiscal second quarter typically experiences lower revenues and operating income. Additionally, as Starbucks Cards are issued to and loaded by customers during the holiday season, we tend to have higher cash flows from operations during the first quarter of the fiscal year. However, since revenues from Starbucks Cards are recognized upon redemption and not when cash is loaded onto the Card, the impact of seasonal fluctuations on the consolidated statements of earnings is much less pronounced. As a result of moderate seasonal fluctuations, results for any quarter are not necessarily indicative of the results that may be achieved for the full fiscal year.

RECENT ACCOUNTING PRONOUNCEMENTS

See Note 1, Summary of Significant Accounting Policies, to the condensed consolidated financial statements included in Item 1 of Part I of this 10-Q, for a detailed description of recent accounting pronouncements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

There has been no material change in the commodity price risk, foreign currency exchange risk, equity security price risk, or interest rate risk discussed in Item 7A of the 10-K.

Item 4. Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that material information required to be disclosed in our periodic reports filed or submitted under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Our disclosure controls and procedures are also designed to ensure that information required to be disclosed in the reports we file or submit

34

under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

During the second quarter of fiscal 2016, we carried out an evaluation, under the supervision and with the participation of our management, including our chief executive officer and our chief financial officer, of the effectiveness of the design and operation of the disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based upon that evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective, as of the end of the period covered by this report (March 27, 2016).

There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during our most recently completed fiscal quarter that materially affected or are reasonably likely to materially affect internal control over financial reporting.

The certifications required by Section 302 of the Sarbanes-Oxley Act of 2002 are filed as exhibits 31.1 and 31.2 to this 10-Q.

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

Starbucks is party to various legal proceedings arising in the ordinary course of business, including, at times, certain employment litigation cases that have been certified as class or collective actions, but is not currently a party to any legal proceeding that management believes could have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Item 1A. Risk Factors

There have been no material changes to the risk factors previously disclosed in the 10-K.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds

Information regarding repurchases of our common stock during the quarter ended March 27, 2016:

	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(2)	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs(3)
Period(1)
December 28, 2015 — January 24, 2016	9,237,935	$	57.93	9,237,935	39,014,727
January 25, 2016 — February 21, 2016	11,117,569	56.39		11,117,569	27,897,158
February 22, 2016 — March 27, 2016	2,675,100	58.06		2,675,100	25,222,058
Total	23,030,604	$	57.20	23,030,604

⁽¹⁾  Monthly information is presented by reference to our fiscal months during the second quarter of fiscal 2016.

⁽²⁾  Share repurchases are conducted under our ongoing share repurchase program announced in September 2001, which has no expiration date. On July 23, 2015, we announced that our Board of Directors approved an increase to the number of shares authorized for repurchase under the program of 50 million shares.

⁽³⁾  This column includes the total number of shares authorized for repurchase under the Company's ongoing share repurchase program. These amounts do not include the additional 100 million shares authorized for repurchase that we announced on April 21, 2016. Shares under our ongoing share repurchase program may be repurchased in open market transactions, including pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, or through privately negotiated transactions. The timing, manner, price and amount of repurchases will be determined at the Company's discretion and the share repurchase program may be suspended, terminated or modified at any time for any reason.

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Item 6. Exhibits

		Incorporated by Reference
Exhibit No.	Exhibit Description	Form	File No.	Date of Filing	Exhibit Number	Filed Herewith
3.1	Restated Articles of Incorporation of Starbucks Corporation	10-Q	0-20322	4/28/2015	3.1
3.2	Amended and Restated Bylaws of Starbucks Corporation (As amended and restated through January 20, 2015)	8-K	0-20322	1/22/2015	3.1
4.1	Fifth Supplemental Indenture, dated as of February 4, 2016, by and between Starbucks Corporation and Deutsche Bank Trust Company Americas, as trustee (2.100% Senior Notes due February 4, 2021)	8-K	0-20322	2/4/2016	4.2
4.2	Form of 2.100% Senior Notes due February 4, 2021	8-K	0-20322	2/4/2016	4.3
10.1	2005 Non-Employee Director Sub-Plan to the Starbucks Corporation 2005 Long-Term Equity Incentive Plan, as amended and restated effective March 22, 2016	—	—	—	—	X
10.2	Form of Stock Option Grant Agreement for Purchase of Stock under the 2005 Non-Employee Director Sub-Plan to the Starbucks Corporation 2005 Long-Term Equity Incentive Plan	—	—	—	—	X
10.3	Form of Restricted Stock Unit Grant Agreement under the 2005 Non-Employee Director Sub-Plan to the Starbucks Corporation 2005 Long-Term Equity Incentive Plan	—	—	—	—	X
31.1	Certification of Principal Executive Officer Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, As Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	—	—	—	—	X
31.2	Certification of Principal Financial Officer Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, As Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	—	—	—	—	X
32*	Certifications of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	—	—	—	—	—
101	The following financial statements from the Company's 10-Q for the fiscal quarter ended March 27, 2016, formatted in XBRL: (i) Condensed Consolidated Statements of Earnings, (ii) Condensed Consolidated Statements of Comprehensive Income, (iii) Condensed Consolidated Balance Sheets, (iv) Condensed Consolidated Statements of Cash Flows and (v) Notes to Condensed Consolidated Financial Statements	—	—	—	—	X

* Furnished herewith.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

April 26, 2016

STARBUCKS CORPORATION
By:	/s/ Scott Maw
	Scott Maw
	executive vice president, chief financial officer
	Signing on behalf of the registrant and as principal financial officer

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EX-10.1

Exhibit 10.1

STARBUCKS CORPORATION

2005 NON-EMPLOYEE DIRECTOR SUB-PLAN

TO THE

STARBUCKS CORPORATION

2005 LONG-TERM EQUITY INCENTIVE PLAN

(as amended and restated effective March 22, 2016)

1.Purpose. The purpose of this Sub-Plan is (i) to assist in the administration and implementation of the Starbucks Corporation 2005 Long-Term Equity Incentive Plan, as it may be amended from time to time (the “Plan”), by providing additional procedures and guidelines which apply specifically to Non-Employee Directors, and (ii) to attract and retain the services of experienced and knowledgeable Non-Employee Directors for the benefit of the Company and its shareholders. This Sub-Plan is intended to provide an incentive for Non-Employee Directors by linking the interests of the Non-Employee Directors with those of the Company’s shareholders.

2.Definitions. Capitalized terms used without definition in this Sub-Plan shall have the meanings given to such terms in the Plan. To the extent that any term defined herein conflicts with the definition of such term under the Plan, the definition in this Sub-Plan shall control.

For purposes of the Sub-Plan:

(a) “Award” shall mean any award or benefits granted under this Sub-Plan, including Options, Restricted Stock and Restricted Stock Units.

(b)“Award Agreement” shall mean the written or electronic agreement between the Company and the Participant setting forth the terms of the Award.

(c) “Board” shall mean the Board of Directors of the Company.

(d)“Change in Control” shall mean the first day that any one or more of the following conditions shall have been satisfied:

(i)the sale, liquidation or other disposition of all or substantially all of the Company’s assets in one or a series of related transactions;

(ii)an acquisition (other than directly from the Company) of any outstanding voting securities by any Person, after which such person (as the term is used for purposes of Section 13(d) or 14(d) of the Exchange Act) has Beneficial Ownership of twenty‑five percent (25%) or more of the then outstanding voting securities of the Company, other than a Board approved transaction;

(iii)during any 36-consecutive month period, the individuals who, at the beginning of such period, constitute the Board (“Incumbent Directors”) cease for any reason other than death to constitute at least a majority of the members of the Board; provided however that except as set forth in this Section 2(f)(iii), an individual who becomes a member of the Board subsequent to the beginning of the 36-month period, shall be deemed to have satisfied such 36-month requirement and shall be deemed an Incumbent Director if such Director was elected by or on the recommendation of or with the approval of at least two-thirds of the Directors who then qualified as Incumbent Directors either actually (because they were Directors at the beginning of such period) or by operation of the provisions of this section; if any such individual initially assumes office as a result of or in connection with either an actual or

threatened solicitation with respect to the election of Directors (as such terms are used in Rule 14a-12(c) of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitations of proxies or consents by or on behalf of a Person other than the Board, then such individual shall not be considered an Incumbent Director; or

(iv)a merger, consolidation or reorganization of the Company, as a result of which the shareholders of the Company immediately prior to such merger, consolidation or reorganization own directly or indirectly immediately following such merger, consolidation or reorganization less than fifty percent (50%) of the combined voting power of the outstanding voting securities of the entity resulting from such merger, consolidation or reorganization.

(e)“Disability” shall mean a physical or mental condition resulting from bodily injury, disease or mental disorder which renders the Participant incapable of continuing his or her usual and customary service with the Company for a period of not less than 120 days or such other period as may be required by applicable law.

(f) “Misconduct” shall mean in the case of Non-Employee Directors, the removal from the Board for cause (as determined by the Company’s shareholders).

(g) “Non-Employee Director” shall mean a Director who is not a Partner.

(h) “Option” shall mean an option to purchase Shares granted pursuant to this Sub-Plan that does not qualify or is not intended to qualify as an incentive stock option under Section 422 of the Code.

(i)“Participant” shall mean each Non-Employee Director who has not been a Partner at any time during the immediately preceding 12-month period, and each permitted transferee of an Award under Section 6(e).

(j) “Plan” shall mean the Starbucks Corporation 2005 Long‑Term Equity Incentive Plan, as it may be amended from time to time.

(k)“Restricted Stock” shall mean a grant of Shares pursuant to this Sub-Plan.

(l)“Restricted Stock Units” shall mean a grant of the right to receive Shares in the future or their cash equivalent (or both) pursuant to this Sub-Plan and may be paid in Shares, their cash equivalent or both.

(m)“Retirement” shall mean, with respect to any Participant, ceasing to be a Director: (i) pursuant to election by the Company’s shareholders or by voluntary resignation with the approval of the Board’s chair after having attained the age of 55 years and served continuously on the Board for at least six years, or (ii) due to mandatory retirement immediately before the Company’s annual meeting of shareholders during the calendar year in which he or she attains age 75, or if a waiver of the retirement requirement was approved by the Board, immediately before the Company’s annual meeting of shareholders during the calendar year in which such waiver does not apply.

(n)“Sub-Plan” means this Starbucks Corporation 2005 Non-Employee Director Sub-Plan to the Plan, as such plan may be amended and restated from time to time.

3.Administration of the Sub-Plan.

(a)Board. This Sub-Plan shall be administered by the Board, subject to such terms and conditions as the Board may prescribe; provided that they are consistent with the terms of the Plan. Notwithstanding anything herein to the contrary, in its discretion the Board may delegate some or all of its authority to administer this Sub-Plan to one or more committees of the Board.

(b)Authority; Powers. Subject to the express terms and conditions set forth herein and the Plan, the Board shall have the discretion from time to time:

(i)to grant Options, Restricted Stock and Restricted Stock Units to Participants and to determine the terms and conditions of such Awards, including the determination of the Fair Market Value of the Shares and the exercise price, and to modify or amend each Award, with the consent of the Participant when required;

(ii)to determine the Participants to whom Awards, if any, will be granted hereunder, the timing of such Awards, and the number of Shares to be represented by each Award;

(iii)to construe and interpret this Sub-Plan and the Awards granted hereunder;

(iv)to prescribe, amend, and rescind rules and regulations relating to this Sub-Plan, including the form of Award Agreement, and manner of acceptance of an Award, such as correcting a defect or supplying any omission, or reconciling any inconsistency so that this Sub-Plan or any Award Agreement complies with applicable law, regulations and listing requirements and to avoid unanticipated consequences deemed by the Board to be inconsistent with the purposes of the Plan or any Award Agreement;

(v)to establish Performance Criteria (as defined in Section 11(b) of the Plan) for Awards made pursuant to the Plan in accordance with a methodology established by the Board, and to determine whether performance goals have been attained;

(vi)to accelerate or defer (with the consent of the Participant) the exercise or vested date of any Award;

(vii)to authorize any Person to execute on behalf of the Company any instrument required to effectuate the grant of an Award previously granted by the Board;

(viii)to establish sub-plans, procedures, or guidelines for the grant of Awards to Non-Employee Directors; and

(ix)to make all other determinations deemed necessary or advisable for the administration of this Sub-Plan;

provided that, no consent of a Participant is necessary under clauses (i) or (vi) if a modification, amendment, acceleration, or deferral, in the reasonable judgment of the Board, confers a benefit on the Participant or is made pursuant to an adjustment in accordance with Section 7.

(c)Effect of Board’s Decision. All decisions, determinations, and interpretations of the Board shall be final and binding on all Participants, the Company (including its Subsidiaries), any shareholder and all other Persons.

4.Award Grants.

(a)Initial Award Grant. Each Participant initially elected or appointed to the Board effective other than on the first day of a fiscal year (the “Effective Date of Initial Election or Appointment”) shall be granted an Award, pursuant to one or more Award Agreements, of Options and/or Restricted Stock Units (based on the Participant’s election in a manner and within the limitations specified by the Board) with a value on the date of grant equal to the annual compensation for Directors in effect on the Effective Date of Initial Election or Appointment multiplied by a fraction, the numerator of which is the number of days remaining in the Company’s fiscal year on the Effective Date of Initial Election or Appointment, and the denominator of which is the total number of days in such fiscal year. The number of shares subject to an Option and/or Award of Restricted Stock Units under this Section 4(a) shall be determined pursuant to the formula set forth in Section 4(c).

(b)Annual Award Grant. Each Participant who is serving as a Director as of the first day of the Company’s fiscal year shall be granted, on the date the Board grants annual Awards to the Company’s executive

officers, an Award, pursuant to one or more Award Agreements, of Options and/or Restricted Stock Units (based on the Participant’s election in a manner and within the limitations specified by the Board) with a value on the date of grant equal to that portion of the annual compensation for Directors in effect for such fiscal year that the Participant has elected to receive in the form of an Award of Options and/or Restricted Stock Units. The number of shares subject to an Option and/or Award of Restricted Stock Units under this Section 4(b) shall be determined pursuant to the formula set forth in Section 4(c).

(c)Grant Formula. The number of Shares subject to Awards to be granted under Sections 4(a) or 4(b) shall be determined by dividing the amount of director compensation that the Participant has elected to receive in the form of Options and/or Restricted Stock Units by the Fair Market Value of the Common Stock on date of grant (rounded down to the nearest whole share), and, with respect to Options (and not Restricted Stock Units) multiplying such amount by three (3).

5.Vesting of Awards. Unless otherwise approved by action of the Board and reflected in the applicable Award Agreement, or unless, with respect to Options, the Option otherwise expires earlier under Section 8 of this Sub-Plan:

(a)Initial Award Grants. An initial Award grant under Section 4(a) shall vest in its entirety and, with respect to Options, become exercisable on the same vesting date of the annual Awards granted pursuant to Section 4(b) in the same fiscal year of the Effective Date of Initial Election or Appointment of the Participant who received such initial Award grant.

(b)Annual Award Grants. An annual Award grant under Section 4(b) shall vest in its entirety and, with respect to Options, become exercisable on the first anniversary of the date of grant.

(c)Retirement, Death and Disability. In the event of a termination of a Participant’s service with the Company due to the Participant’s Retirement, death or Disability, all Options and Restricted Stock Units granted hereunder, to the extent then unvested, shall immediately vest and, in the case of Restricted Stock Units, all restrictions imposed thereon shall lapse and, in the case of Options, become exercisable in full.

6.Procedure for Exercise of Awards; Rights as a Shareholder.

(a)Procedure. An Award shall be exercised when written, electronic or verbal notice of exercise has been given to the Company, or the brokerage firm or firms approved by the Company to facilitate exercises and sales under this Sub-Plan, in accordance with the terms of the Award by the Person entitled to exercise the Award and full payment for the Shares with respect to which the Award is exercised has been received by the Company or the brokerage firm or firms, as applicable. The notification to the brokerage firm shall be made in accordance with procedures of such brokerage firm approved by the Company. Full payment may, as authorized by the Board, consist of any consideration and method of payment allowable under Section 6(b) of this Sub-Plan. The Company shall issue (or cause to be issued) such Shares promptly upon exercise of or settlement of the Award. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in Section 7 of this Sub-Plan.

(b)Method of Payment. The consideration to be paid for any Shares to be issued upon exercise or other required settlement of an Award, including the method of payment, shall be determined by the Board at or prior to the time of settlement and which forms may include: (i) with respect to an Option, a request that the Company or the designated brokerage firm conduct a cashless exercise of the Option; (ii) cash; and (iii) tender of shares of Common Stock owned by the Participant in accordance with rules established by the Board from time to time. Shares used to pay the exercise price shall be valued at their Fair Market Value on the exercise date. Payment of the aggregate exercise price by means of tendering previously-owned shares of Common Stock shall not be permitted when the same may, in the reasonable opinion of the Company, cause the Company to record a loss or expense as a result thereof.

(c)Withholding Obligations. To the extent required by applicable federal, state, local or foreign law, the Board may and/or a Participant shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations that arise with respect to any Option, Restricted Stock or Restricted Stock Units, or any sale of Shares. The Company shall not be required to issue Shares or to recognize the disposition of such Shares

until such obligations are satisfied. These obligations may be satisfied by having the Company withhold a portion of the Shares that otherwise would be issued to a Participant under such Award, such withholding to be done at the minimum tax rate required under applicable law or by tendering Shares previously acquired by the Participant in accordance with rules established by the Board from time to time.

(d)Shareholder Rights. Except as otherwise provided in this Sub-Plan, until the issuance (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) of such Shares, no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the Shares subject to the Award, notwithstanding the exercise of the Award.

(e)Non-Transferability of Awards. An Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in exchange for consideration, and may be exercised, during the lifetime of the Participant, only by the Participant, except that an Award may be transferred (i) by will or by the laws of descent or distribution, (ii) by gift or, with the consent of the Company for value, to immediate family members of the Participant, partnerships of which the only partners are members of the Participant’s immediate family and trusts established solely for the benefit of such family members; and solely as it pertains to effecting an exercise of Awards transferred in accordance with this Section 6(e), the term Participant shall include a permitted transferee, (iii) to the extent permitted by the Board, to one or more beneficiaries on a Company-approved form who may exercise the Award after the Participant’s death, or (iv) such further transferability as the Board may permit, on a general or specific basis, in which case the Board may impose conditions and limitations on any permitted transferability.

7.Adjustments to Shares Subject to the Plan. If any change is made to the Shares by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Shares as a class without the Company’s receipt of consideration, appropriate adjustments shall be made to the number of Shares that are subject to outstanding Awards under this Sub-Plan. The Board may also make adjustments described in the previous sentence in the event of any distribution of assets to shareholders other than a normal cash dividend. In determining adjustments to be made under this Section 7, the Board may take into account such factors as it deems appropriate, including the restrictions of applicable law and the potential tax consequences of an adjustment, and in light of such factors may make adjustments that are not uniform or proportionate among outstanding Awards. Adjustments, if any, and any determinations or interpretations, including any determination of whether a distribution is other than a normal cash dividend, made by the Board shall be final, binding and conclusive. For purposes of this Section 7, conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.”

8.Expiration of Awards.

(a)Expiration, Termination or Forfeiture of Awards. Unless otherwise provided in the applicable Award Agreement or any severance agreement, vested Awards granted under this Sub-Plan shall expire, terminate, or otherwise be forfeited as follows:

(i)thirty-six (36) months after the date the Participant ceases to be a Director, other than in circumstances covered by (ii), (iii) or (iv) below;

(ii)immediately upon a Participant ceasing to be a Director due to Misconduct;

(iii)twelve (12) months after the date of the death of a Participant who ceased to be a Director as a result of his or her death; and

(iv)twelve (12) months after the date on which a Participant ceased to be a Director as a result of Disability.

(b)Extension of Term. Notwithstanding subsection (a) above, the Board shall have the authority to extend the expiration date of any outstanding Option in circumstances in which it deems such action to be appropriate

(provided that no such extension shall extend the term of an Option beyond the date on which the Option would have expired if no termination of the Participant’s status as a Director had occurred).

9.Effect of Change of Control. Notwithstanding any other provision in this Sub-Plan or the Plan to the contrary, the following provisions shall apply unless otherwise provided in the most recently executed agreement between the Participant and the Company, or specifically prohibited under applicable laws, or by the rules and regulations of any applicable governmental agencies or national securities exchanges or quotation systems.

(a)Acceleration. Awards of a Participant shall be Accelerated (as defined in Section 9(b) below) upon the occurrence of a Change of Control.

(b)Definition. For purposes of this Section 9, Awards of a Participant being “Accelerated” means, with respect to such Participant:

(i)    any and all Options shall become fully vested and immediately exercisable, and shall remain exercisable throughout their entire term; and

(ii)    all Restricted Stock and Restricted Stock Units shall immediately and fully vest and all restrictions imposed thereon shall lapse.

10.Terms and Conditions of Awards.

(a)Award Agreement. The terms and conditions of the grant of Awards to a Participant shall be set forth in an Award Agreement, which will include the terms, conditions and restrictions, including but not limited to vesting, related to the offer.

(b)Exercise Price. The exercise price for each Option shall be 100% of the Fair Market Value of a Share on the date the Option is granted.

(c)Repricing. In no event shall the Board or any committee of the Board be permitted to reprice an Award after the date of grant without shareholder approval.

(d)Term of Award. Unless otherwise provided in the applicable Award Agreement, the term of an Award shall be at the discretion of the Board.

11.Termination and Amendment of the Sub-Plan. This Sub-Plan shall terminate on the date of termination of the Plan and no Award may be granted pursuant to this Sub-Plan thereafter. The Board may, at any time and from time to time, amend, modify or suspend this Sub-Plan and all administrative rules, regulations and practices hereunder; provided, however, that no such amendment, modification, suspension or termination shall impair or adversely alter any Awards theretofore granted under this Sub-Plan, except with the consent of the Participant, nor shall any amendment, modification, suspension or termination deprive any Participant of any Shares that he or she may have acquired through or as a result of this Sub-Plan.

12.Non-Exclusivity of this Sub-Plan. Except as otherwise explicitly stated herein, the adoption of this Sub-Plan by the Board shall not be construed as amending, modifying or rescinding the Plan but is intended to serve as a framework for the Board with respect to grants to Participants.

13.Multiple Award Grants. The terms of each Award grant may differ from the terms of any other Award granted under this Sub-Plan. The Board may also make more than one grant of Awards to a given Participant during the term of this Sub-Plan.

(Approved by the Board of Directors on February 8, 2005; as amended and restated by the Board of Directors on March 22, 2016)

EX-10.2

Exhibit 10.2

STARBUCKS CORPORATION

STOCK OPTION GRANT AGREEMENT

FOR PURCHASE OF STOCK UNDER THE

NON-EMPLOYEE DIRECTOR SUB-PLAN TO THE

2005 LONG-TERM EQUITY INCENTIVE PLAN

FOR VALUABLE CONSIDERATION, STARBUCKS CORPORATION (the “Company”), does hereby grant to the individual named below (the “Optionee”), the number of options to purchase a share of the Company’s Common Stock (the “Options”) set forth below for the exercise price per share (the “Exercise Price”) set forth below. Such Options shall vest and terminate according to the vesting schedule and term information described below. All terms of this Stock Option Grant Agreement (the “Agreement”) shall be subject to the terms and conditions of the Non-Employee Director Sub-Plan to the 2005 Long-Term Equity Incentive Plan, as each may be amended from time to time (together, the “Plan”). Capitalized terms not explicitly defined in this Agreement but defined in the Plan shall have the same definitions as in the Plan.

Optionee:
Number of Options:
Type of Option Grant:	Non-Qualified Stock Option
Exercise Price:
Date of Option Grant:
Term of Option:	10 years from Date of Grant
Vesting Date:	_______________________

In the event that the Optionee ceases to be a Director prior to the Vesting Date for any reason other than Retirement, death or Disability, the Options subject to this Agreement shall immediately terminate and be automatically forfeited by the Optionee to the Company upon such cessation of service as a Director. Upon a Change of Control or in the event that the Optionee ceases to be a Director prior to the Vesting Date due to Retirement, death or Disability, the Options subject to this Agreement shall accelerate and the Options shall become fully vested and exercisable in full, subject to the terms and conditions set forth in the Plan.

EXECUTED as of the Date of Option Grant.

STARBUCKS CORPORATION

By        

Its    CHAIRMAN AND CEO

OPTIONEE

__________________________                        

EX-10.3

Exhibit 10.3

STARBUCKS CORPORATION

RESTRICTED STOCK UNIT GRANT AGREEMENT

UNDER THE 2005 NON-EMPLOYEE DIRECTOR SUB-PLAN TO THE

2005 LONG-TERM EQUITY INCENTIVE PLAN

FOR VALUABLE CONSIDERATION, STARBUCKS CORPORATION (the "Company"), does hereby grant to the individual named below (the "Participant") an award (the "Award") for the number of restricted stock units (the "Restricted Stock Units") as set forth below, effective on the Date of Grant set forth below. The Restricted Stock Units shall vest and become payable in shares of Common Stock (the "Shares") according to the vesting schedule described below, subject to earlier expiration or termination of the Restricted Stock Units as provided in this Restricted Stock Unit Grant Agreement ("this Agreement"). The Restricted Stock Units shall be subject to the terms and conditions of this Agreement and the terms and conditions of the 2005 Non-Employee Director Sub-Plan to the 2005 Long-Term Equity Incentive Plan, as each may be amended from time to time (together, the "Plan"). Capitalized terms not explicitly defined in this Agreement but defined in the Plan shall have the same definitions as in the Plan.

Participant:
Number of Units:
Date of Grant:
Vesting Schedule:	100% on

1.Form and Timing of Payment of Vested Units. Each Restricted Stock Unit represents the right to receive one Share of Common Stock on the date the Restricted Stock Unit vests (the "Vesting Date"). Subject to the other terms of this Agreement and the terms of the Plan, any Restricted Stock Units that vest will be paid to the Participant solely in whole Shares of Common Stock, on, or as soon as practicable after, the Vesting Date, and in no case later than March 15 of the year following the year of vesting, or, in the event that the Participant makes a valid election at a time and in the manner permitted under Section 409A of the Code, at the time specified in such election. All issuances of Shares will be subject to the requirements of Section 409A of the Code. Until the date the Shares are issued to you, you will have no rights as a stockholder of the Company.

2.Cessation of Service; Change of Control

2.1Cessation of Service. In the event that the Participant ceases to be a Director prior to the Vesting Date for any reason other than Retirement, death or Disability, the Restricted Stock Units subject to this Agreement shall immediately terminate and be automatically forfeited by the Participant to the Company upon such cessation of service as a Director. In the event that the Participant ceases to be a Director prior to the Vesting Date due to Retirement, death or Disability, the Restricted Stock Units subject to this Agreement shall accelerate and the Restricted Stock Units shall become fully vested and payable under the terms and conditions set forth in the Plan, and with respect to Restricted Stock Units for which the Participant has previously made a valid deferral election, in a manner consistent with the terms and conditions of such election.

2.2Change of Control. Upon a Change of Control, the vesting of the Restricted Stock Units shall accelerate and the Restricted Stock Units shall become fully vested and payable to the extent and under the terms and conditions set forth in the Plan and, with respect to Restricted Stock Units for which the Participant has previously made a valid deferral election, in a manner consistent with the terms and conditions of such election.

3.Taxes. The Participant is ultimately responsible for all taxes owed in connection with this Restricted Stock Unit Award.

4.Code Section 409A. Payments made pursuant to this Agreement and the Plan are intended to qualify for an exception from Section 409A of the Internal Revenue Code. Notwithstanding any other provision in this Agreement and the Plan, the Company, to the extent it deems necessary or advisable in its sole discretion, reserves the right, but shall not be required, to unilaterally amend or modify this Agreement and/or the Plan so that the Restricted Stock Units granted to the Participant qualify for exemption from or comply with Code Section 409A; provided, however, that the Company makes no representations that the Restricted Stock Units shall be exempt from or comply with Code Section 409A and makes no undertaking to preclude Code Section 409A from applying to the Restricted Stock Units.

5.Undertaking. The Participant hereby agrees to take whatever additional action and execute whatever additional documents the Company may deem necessary or advisable in order to carry out or effect one or more of the obligations or restrictions imposed on either the Participant or the Restricted Stock Units pursuant to the provisions of this Agreement.

6.Restrictions on Transfer. Notwithstanding anything in the Plan to the contrary, the Restricted Stock Units granted pursuant to this Award may not be sold, pledged (as collateral for a loan or as security for the performance of an obligation or for any other purpose), assigned, hypothecated, transferred, disposed of in exchange for consideration, made subject to attachment or similar proceedings, or otherwise disposed of under any circumstances.

By the Participant's signature and the Company's signature below, the Participant and the Company agree that this grant is governed by this Agreement and the Plan.

EXECUTED as of the Restricted Stock Unit Date of Grant.

STARBUCKS CORPORATION

By

ItsCHAIRMAN AND CEO

PARTICIPANT

Signature___________________

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO RULE 13a-14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Howard Schultz, certify that: 

1. I have reviewed this Quarterly Report on Form 10-Q for the fiscal quarter ended March 27, 2016 of Starbucks Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 26, 2016

/s/ Howard Schultz

Howard Schultz

chairman and chief executive officer

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO RULE 13a-14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Scott Maw, certify that: 

1. I have reviewed this Quarterly Report on Form 10-Q for the fiscal quarter ended March 27, 2016 of Starbucks Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 26, 2016

/s/ Scott Maw

Scott Maw

executive vice president, chief financial officer

EX-32

Exhibit 32

CERTIFICATIONS PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Starbucks Corporation ("Starbucks") on Form 10-Q for the fiscal quarter ended March 27, 2016, as filed with the Securities and Exchange Commission on April 26, 2016 (the "Report"), Howard Schultz, chairman and chief executive officer, and Scott Maw, executive vice president, chief financial officer of Starbucks, each hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to his knowledge:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Starbucks.

April 26, 2016

/s/ Howard Schultz

Howard Schultz

chairman and chief executive officer

April 26, 2016

/s/ Scott Maw

Scott Maw

executive vice president, chief financial officer

XML

Document And Entity Information - shares shares in Millions	6 Months Ended
	Mar. 27, 2016	Apr. 20, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 27, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2
Trading Symbol	SBUX
Entity Registrant Name	STARBUCKS CORP
Entity Central Index Key	0000829224
Current Fiscal Year End Date	--10-02
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,464.9

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Condensed Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Mar. 27, 2016	Mar. 29, 2015
Net revenues:
Total net revenues	$ 4,993.2	$ 4,563.5	$ 10,366.8	$ 9,366.8
Cost of sales including occupancy costs	2,010.3	1,859.8	4,196.5	3,851.0
Store operating expenses	1,466.4	1,324.6	2,972.6	2,640.1
Other operating expenses	139.6	133.5	285.8	262.9
Depreciation and amortization expenses	247.8	217.1	483.3	423.1
General and administrative expenses	330.5	305.9	636.0	604.3
Total operating expenses	4,194.6	3,840.9	8,574.2	7,781.4
Income from equity investees	65.6	54.9	129.7	107.7
Operating income	864.2	777.5	1,922.3	1,693.1
Gain resulting from acquisition of joint venture	0.0	0.0	0.0	390.6
Interest income and other, net	14.5	1.3	22.5	11.1
Interest expense	(18.3)	(16.9)	(34.8)	(33.2)
Earnings before income taxes	860.4	761.9	1,910.0	2,061.6
Income tax expense	285.4	266.3	647.4	581.2
Net earnings including noncontrolling interests	575.0	495.6	1,262.6	1,480.4
Net earnings/(loss) attributable to noncontrolling interests	(0.1)	0.7	0.0	2.1
Net earnings attributable to Starbucks	$ 575.1	$ 494.9	$ 1,262.6	$ 1,478.3
Earnings per share - basic	$ 0.39	$ 0.33	$ 0.85	$ 0.99
Earnings per share - diluted	$ 0.39	$ 0.33	$ 0.84	$ 0.97
Weighted average shares outstanding:
Basic	1,472.1	1,500.5	1,479.0	1,499.7
Diluted	1,486.6	1,516.5	1,495.0	1,516.7
Cash dividends declared per share	$ 0.20	$ 0.16	$ 0.4	$ 0.32
Company-operated stores [Member]
Net revenues:
Total net revenues	$ 3,944.2	$ 3,622.9	$ 8,154.8	$ 7,395.7
Licensed stores [Member]
Net revenues:
Total net revenues	493.1	421.3	1,033.8	905.3
CPG, foodservice and other [Member]
Net revenues:
Total net revenues	$ 555.9	$ 519.3	$ 1,178.2	$ 1,065.8

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Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Mar. 27, 2016	Mar. 29, 2015
Net earnings including noncontrolling interests	$ 575.0	$ 495.6	$ 1,262.6	$ 1,480.4
Other comprehensive income/(loss), net of tax:
Other comprehensive income/(loss)	35.9	11.9	10.2	(142.2)
Comprehensive income including noncontrolling interests	610.9	507.5	1,272.8	1,338.2
Comprehensive income/(loss) attributable to noncontrolling interests	(0.1)	1.4	0.0	(29.0)
Comprehensive income attributable to Starbucks	611.0	506.1	1,272.8	1,367.2
Available-for-sale Securities [Member]
Other comprehensive income/(loss), net of tax:
Unrealized holding gains/(losses) on available-for-sale securities, before tax	3.8	2.7	4.8	2.1
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit	(1.4)	(1.0)	(1.8)	(0.8)
Cash Flow Hedging [Member]
Other comprehensive income/(loss), net of tax:
Unrealized gains/(losses) on hedging instruments, before tax	(68.1)	12.2	(62.3)	63.9
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit	17.4	(2.5)	14.7	(15.4)
Net Investment Hedging [Member]
Other comprehensive income/(loss), net of tax:
Unrealized gains/(losses) on hedging instruments, before tax	0.0	0.0	0.0	4.3
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit	0.0	0.0	0.0	(1.6)
Available-for-sale Securities [Member]
Other comprehensive income/(loss), net of tax:
Other comprehensive income/(loss)	2.1	1.3	3.0	0.8
Cash Flow Hedging [Member]
Other comprehensive income/(loss), net of tax:
Other comprehensive income/(loss)	(27.2)	13.7	(29.4)	0.3
Net Investment Hedging [Member]
Other comprehensive income/(loss), net of tax:
Other comprehensive income/(loss)	0.0	0.0	0.0	(1.9)
Translation Adjustment [Member]
Other comprehensive income/(loss), net of tax:
Translation adjustment, before tax	56.1	(6.9)	30.0	(163.3)
Translation adjustment, tax (expense)/benefit	4.9	3.8	6.6	7.6
Other comprehensive income/(loss)	61.0	(3.1)	36.6	(110.3)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Other comprehensive income/(loss), net of tax:
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, before tax	27.3	4.0	19.5	(55.8)
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit)	$ (4.1)	$ (0.4)	$ (1.3)	$ 16.8

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Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 27, 2016	Sep. 27, 2015
Current assets:
Cash and cash equivalents	$ 1,294.4	$ 1,530.1
Short-term investments	123.2	81.3
Accounts receivable, net	743.7	719.0
Inventories	1,293.1	1,306.4
Prepaid expenses and other current assets	429.1	334.2
Total current assets	3,883.5	3,971.0
Long-term investments	605.0	312.5
Equity and cost investments	332.4	352.0
Property, plant and equipment, net	4,246.9	4,088.3
Deferred income taxes, net	910.2	1,180.8
Other long-term assets	401.2	415.9
Other intangible assets	515.2	520.4
Goodwill	1,625.0	1,575.4
TOTAL ASSETS	12,519.4	12,416.3
Current liabilities:
Accounts payable	662.7	684.2
Accrued liabilities	1,695.7	1,755.3
Insurance reserves	240.4	224.8
Stored value card liability	1,203.5	983.8
Short-term Debt	149.1	0.0
Current portion of long-term debt	399.8	0.0
Total current liabilities	4,351.2	3,648.1
Long-term debt	2,447.6	2,347.5
Other long-term liabilities	624.2	600.9
Total liabilities	7,423.0	6,596.5
Shareholders' equity:
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,464.5 shares and 1,485.1 shares, respectively	1.5	1.5
Additional paid-in capital	41.1	41.1
Retained earnings	5,241.2	5,974.8
Accumulated other comprehensive income/(loss)	(189.2)	(199.4)
Total shareholders' equity	5,094.6	5,818.0
Noncontrolling interest	1.8	1.8
Total equity	5,096.4	5,819.8
TOTAL LIABILITIES AND EQUITY	$ 12,519.4	$ 12,416.3

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Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 27, 2016	Sep. 27, 2015
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	2,400,000,000	2,400,000,000
Common stock, shares issued	1,464,500,000	1,485,100,000
Common stock, shares outstanding	1,464,500,000	1,485,100,000

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
OPERATING ACTIVITIES:
Net earnings including noncontrolling interests	$ 1,262.6	$ 1,480.4
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	509.3	444.2
Deferred income taxes, net	260.2	60.0
Income earned from equity method investees	(96.5)	(76.9)
Distributions received from equity method investees	102.8	57.9
Gain resulting from acquisition/sale of equity in joint ventures	(0.6)	(390.6)
Stock-based compensation	108.6	104.2
Excess tax benefit on share-based awards	(89.3)	(78.0)
Other	24.5	27.7
Cash provided by changes in operating assets and liabilities:
Accounts receivable	(39.8)	(14.1)
Inventories	15.3	39.6
Accounts payable	(17.2)	48.2
Income taxes payable, net	(69.9)	(56.5)
Accrued liabilities and insurance reserves	23.1	121.9
Stored value card liability	216.2	200.1
Prepaid expenses, other current assets and other long-term assets	(23.8)	32.8
Net cash provided by operating activities	2,185.5	2,000.9
INVESTING ACTIVITIES:
Purchases of investments	(579.0)	(282.0)
Sales of investments	247.7	305.3
Maturities and calls of investments	4.4	12.7
Acquisitions, net of cash acquired	0.0	(284.3)
Additions to property, plant and equipment	(668.2)	(606.6)
Proceeds from sale of equity in joint venture	30.2	0.0
Other	12.1	(17.9)
Net cash used by investing activities	(952.8)	(872.8)
FINANCING ACTIVITIES:
Proceeds from issuance of commercial paper	149.1	0.0
Proceeds from issuance of long-term debt	499.7	0.0
Cash used for purchase of noncontrolling interest	0.0	(257.6)
Proceeds from issuance of common stock	79.6	111.1
Excess tax benefit on share-based awards	89.3	78.0
Cash dividends paid	(591.8)	(479.6)
Repurchase of common stock	(1,584.5)	(346.4)
Minimum tax withholdings on share-based awards	(103.6)	(73.2)
Other	(0.8)	(7.7)
Net cash used by financing activities	(1,463.0)	(975.4)
Effect of exchange rate changes on cash and cash equivalents	(5.4)	(110.7)
Net increase in cash and cash equivalents	(235.7)	42.0
CASH AND CASH EQUIVALENTS:
Beginning of period	1,530.1	1,708.4
End of period	1,294.4	1,750.4
Cash paid during the period for:
Interest, net of capitalized interest	34.4	36.9
Income taxes, net of refunds	$ 458.1	$ 612.8

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Summary of Significant Accounting Policies

6 Months Ended

Mar. 27, 2016

Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

Summary of Significant Accounting Policies

Financial Statement Preparation

The unaudited condensed consolidated financial statements as of March 27, 2016, and for the quarter and two quarters ended March 27, 2016 and March 29, 2015, have been prepared by Starbucks Corporation under the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial information for the quarter and two quarters ended March 27, 2016 and March 29, 2015 reflects all adjustments and accruals, which are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods. In this Quarterly Report on Form 10-Q (“10-Q”), Starbucks Corporation is referred to as “Starbucks,” the “Company,” “we,” “us” or “our.”

The financial information as of September 27, 2015 is derived from our audited consolidated financial statements and notes for the fiscal year ended September 27, 2015 (“fiscal 2015”) included in Item 8 in the Fiscal 2015 Annual Report on Form 10-K (the “10-K”). The information included in this 10-Q should be read in conjunction with the footnotes and management’s discussion and analysis of the consolidated financial statements in the 10-K.

The results of operations for the quarter and two quarters ended March 27, 2016 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending October 2, 2016 ("fiscal 2016"). Additionally, our 2016 fiscal year will include 53 weeks, with the 53rd week falling in our fourth fiscal quarter.

Recent Accounting Pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued guidance related to stock-based compensation, which changes the accounting for and classification of excess tax benefits and minimum tax withholdings on share-based awards. The guidance becomes effective for us at the beginning of our first quarter of fiscal 2018 but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.

Also, in March 2016, the FASB issued guidance eliminating the requirement to retroactively apply the equity method of accounting when an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. This guidance will become effective for us at the beginning of our first quarter of fiscal 2018, but earlier adoption is permitted. We do not expect this adoption to have a material impact on our consolidated financial statements.  

Additionally, in March 2016, the FASB issued guidance for financial liabilities resulting from selling prepaid stored value products that are redeemable at third-party merchants. Under the new guidance, expected breakage amounts associated with these products must be recognized proportionately in earnings as redemption occurs. Our current accounting policy of applying the remote method to all of our store value cards, including cards redeemable at the third-party licensed locations, will no longer be allowed. The guidance will become effective for us at the beginning of our first quarter of fiscal 2019, with the option to adopt in an earlier period. As the guidance and timing of transition are consistent with the new revenue recognition standard issued by the FASB in May 2014 and discussed below, we expect to implement the provisions of both sets of guidance in the same period.

In February 2016, the FASB issued guidance on the recognition and measurement of leases. Under the new guidance, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. The guidance retains the current accounting for lessors and does not make significant changes to the recognition, measurement, and presentation of expenses and cash flows by a lessee. Enhanced disclosures will also be required to give financial statement users the ability to assess the amount, timing and uncertainty of cash flows arising from leases. The guidance will require modified retrospective application at the beginning of our first quarter of fiscal 2020, with optional practical expedients, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements but expect this adoption will result in a significant increase in our assets and liabilities on our consolidated balance sheet.

In January 2016, the FASB issued guidance on the recognition and measurement of financial instruments. This guidance retains the current accounting for classifying and measuring investments in debt securities and loans, but requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. The guidance also changes the accounting for investments without a readily determinable fair value and that do not qualify for the practical expedient to estimate fair value. A policy election can be made for these investments whereby estimated fair value may be measured at cost and adjusted in subsequent periods for any impairment or changes in observable prices of identical or similar investments. We are currently evaluating the impact this guidance will have on our consolidated financial statements, which will become effective for us at the beginning of our first quarter of fiscal 2019.

In November 2015, the FASB issued guidance on the presentation of deferred income taxes that requires deferred tax assets and liabilities, along with related valuation allowances, to be classified as noncurrent on the balance sheet. As a result, each tax jurisdiction will now only have one net noncurrent deferred tax asset or liability. The new guidance does not change the existing requirement that prohibits offsetting deferred tax liabilities from one jurisdiction against deferred tax assets of another jurisdiction. During the first quarter of fiscal 2016, we elected to early-adopt this guidance retrospectively. The following table summarizes the adjustments made to conform prior period classifications with the new guidance (in millions):

	September 27, 2015
	As Filed		Reclass			As Adjusted
Current deferred income tax assets	$	381.7	$	(381.7	)	$	—
Long-term deferred income tax assets	828.9		351.9			1,180.8
Current deferred income tax liabilities (included in Accrued liabilities)	5.4		(5.4		)	—
Long-term deferred income tax liabilities (included in Other long-term liabilities)	67.8		(24.4		)	43.4
Net deferred tax asset	$	1,137.4	$	—		$	1,137.4

In July 2015, the FASB issued guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. The guidance will require prospective application at the beginning of our first quarter of fiscal 2018, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.

In April 2015, the FASB issued guidance on the financial statement presentation of debt issuance costs. This guidance requires debt issuance costs to be presented on the balance sheet as a reduction of the related debt liability rather than an asset. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017 and will only result in an immaterial change in presentation of these costs on our consolidated balance sheets.

In February 2015, the FASB issued guidance that changes the evaluation criteria for consolidation and related disclosure requirements. This guidance introduces evaluation criteria specific to limited partnerships and other similar entities, as well as amends the criteria for evaluating variable interest entities with which the reporting entity is involved and certain investment funds. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.

In May 2014, the FASB issued guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The original effective date of the guidance would have required us to adopt at the beginning of our first quarter of fiscal 2018. In July 2015, the FASB approved an optional one-year deferral of the effective date. The new guidance may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. We are currently evaluating the overall impact this guidance will have on our consolidated financial statements, as well as the expected timing and method of adoption. Based on our preliminary assessment, we determined the adoption will change the timing of recognition and classification of our stored value card breakage income, which is currently recognized using the remote method and recorded in net interest income and other. The new guidance will require application of the proportional method and classification within total net revenues on our consolidated statements of earnings. Additionally, the new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition. We are continuing our assessment, which may identify other impacts.

In April 2014, the FASB issued guidance that changes the criteria for reporting discontinued operations. To qualify as a discontinued operation under the amended guidance, a component or group of components of an entity that has been disposed of or is classified as held for sale must represent a strategic shift that has or will have a major effect on the entity's operations and financial results. This guidance also expands related disclosure requirements. The guidance became effective for us on a prospective basis at the beginning of our first quarter of fiscal 2016 and had no impact on our consolidated financial statements.

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Acquisitions and Divestitures

6 Months Ended

Mar. 27, 2016

Business Combinations [Abstract]

Acquisitions and Divestitures

Note 2: Acquisitions and Divestitures

Fiscal 2016

In the first quarter of fiscal 2016, we sold our 49% ownership interest in our Spanish joint venture, Starbucks Coffee España, S.L. ("Starbucks Spain"), to our joint venture partner, Sigla S.A. (Grupo Vips), for a total purchase price of $30.2 million. This transaction resulted in a gain of $0.6 million, which was included in net interest income and other on our consolidated statements of earnings in the first quarter of fiscal 2016.

Fiscal 2015

On September 23, 2014, we entered into a tender offer bid agreement with Starbucks Coffee Japan, Ltd. ("Starbucks Japan"), at the time a 39.5% owned equity method investment, and our former joint venture partner, Sazaby League, Ltd. ("Sazaby"), to acquire the remaining 60.5% ownership interest in Starbucks Japan for approximately $876 million, through a two-step tender offer. On October 31, 2014, we acquired a controlling interest in Starbucks Japan by funding the first tender offer step with $509 million in offshore cash. We assumed full ownership in the second quarter of fiscal 2015 by completing the second tender offer step, and completed the related cash-out procedure during the remainder of fiscal 2015, which utilized a combined total of $362 million in offshore cash. The remaining amount of the cash-out procedure is immaterial to our consolidated financial statements and represents cash that was unclaimed by minority shareholders, which was recorded in accrued liabilities on our consolidated balance sheets. There are no legal restrictions on the remaining unclaimed balance.

The balance of goodwill and the gross carrying value of acquired intangible assets declined $35.9 million and $14.2 million to $779.7 million and $308.8 million, respectively, from the acquisition date to March 27, 2016, due to foreign currency translation. Accumulated amortization related to the acquired intangible assets was $67.3 million as of March 27, 2016.

As a result of this acquisition, we remeasured the carrying value of our preexisting 39.5% equity method investment to fair value, which resulted in a pre-tax gain of $390.6 million that was recorded in the first quarter of fiscal 2015 and was presented separately as gain resulting from acquisition of joint venture within other income on our consolidated statements of earnings.

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Derivative Financial Instruments

6 Months Ended

Mar. 27, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Derivative Financial Instruments

Interest Rates

Depending on market conditions, we enter into interest rate swap agreements to hedge the variability in cash flows due to changes in benchmark interest rates related to anticipated debt issuances. These agreements are cash settled at the time of the pricing of the related debt. The effective portion of the derivative's gain or loss is recorded in accumulated other comprehensive income ("AOCI") and is subsequently reclassified to interest expense over the life of the related debt.

Foreign Currency

To reduce cash flow volatility from foreign currency fluctuations, we enter into forward and swap contracts to hedge portions of cash flows of anticipated intercompany royalty payments, inventory purchases, and intercompany borrowing and lending activities. The effective portion of the derivative's gain or loss is recorded in AOCI and is subsequently reclassified to revenue, cost of sales including occupancy costs, or net interest income and other, respectively, when the hedged exposure affects net earnings.

We also enter into forward contracts to hedge the foreign currency exposure of our net investment in certain foreign operations. The effective portion of the derivative's gain or loss is recorded in AOCI and is subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated.

To mitigate the foreign exchange risk of certain balance sheet items, we enter into foreign currency forward and swap contracts that are not designated as hedging instruments. Gains and losses from these derivatives are largely offset by the financial impact of translating foreign currency denominated payables and receivables; both are recorded in net interest income and other.

Commodities

Depending on market conditions, we may enter into coffee futures contracts and collars (the combination of a purchased call option and a sold put option) to hedge a portion of anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 5, Inventories. The effective portion of each derivative's gain or loss is recorded in AOCI and is subsequently reclassified to cost of sales including occupancy costs when the hedged exposure affects net earnings.

To mitigate the price uncertainty of a portion of our future purchases of dairy products and diesel fuel, we enter into swap contracts, futures and collars that are not designated as hedging instruments. Gains and losses from these derivatives are recorded in net interest income and other and help to offset price fluctuations on our dairy purchases and the financial impact of diesel fuel fluctuations on our shipping costs, which are included in cost of sales including occupancy costs on our consolidated statements of earnings.

Gains and losses on derivative contracts designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):

	Net Gains/(Losses) Included in AOCI						Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months			Outstanding Contract Remaining Maturity (Months)
	Mar 27, 2016			Sep 27, 2015
Cash Flow Hedges:
Interest rates	$	23.2		$	30.1		$	3.0		0
Cross-currency swaps	(33.8		)	(27.8		)	—			105
Foreign currency - other	12.3			29.0			9.7			35
Coffee	(5.5		)	(5.7		)	(4.8		)	6
Net Investment Hedges:
Foreign currency	1.3			1.3			—			0

Pretax gains and losses on derivative contracts designated as hedging instruments recognized in other comprehensive income ("OCI") and reclassifications from AOCI to earnings (in millions):

	Quarter Ended												Two Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications						Gains/(Losses) Reclassified from AOCI to Earnings						Gains/(Losses) Recognized in OCI Before Reclassifications						Gains/(Losses) Reclassified from AOCI to Earnings
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015
Cash Flow Hedges:
Interest rates	$	(11.4	)	$	(6.6	)	$	1.3		$	1.3		$	(8.3	)	$	(6.3	)	$	2.8		$	2.6
Cross-currency swaps	(39.6		)	(1.5		)	(36.4		)	(10.6		)	(44.9		)	36.3			(38.2		)	52.5
Foreign currency - other	(18.1		)	21.0			7.8			5.7			(8.8		)	37.4			16.3			9.6
Coffee	0.9			(0.7		)	(0.5		)	(1.0		)	(0.4		)	(3.5		)	(0.6		)	(2.6		)
Net Investment Hedges:
Foreign currency	—			—			—			—			—			4.3			—			7.2

Pretax gains and losses on derivative contracts not designated as hedging instruments recognized in earnings (in millions):

	Gains/(Losses) Recognized in Earnings
	Quarter Ended						Two Quarters Ended
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015
Foreign currency - other	$	(4.0	)	$	4.8		$	(1.9	)	$	23.3
Coffee	0.1			—			—			—
Dairy	(1.4		)	1.1			(7.0		)	(3.3		)
Diesel fuel	0.5			(1.0		)	(4.2		)	(8.6		)

Notional amounts of outstanding derivative contracts (in millions):

	Mar 27, 2016		Sep 27, 2015
Interest rates	$	—	$	125
Cross-currency swaps	690		717
Foreign currency - other	757		577
Coffee	28		38
Dairy	54		43
Diesel fuel	30		14

The fair values of our derivative assets and liabilities are included in Note 4, Fair Value Measurements, and additional disclosures related to cash flow and net investment hedge gains and losses included in AOCI, as well as subsequent reclassifications to earnings, are included in Note 8, Equity.

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Fair Value Measurements

6 Months Ended

Mar. 27, 2016

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 Mar 27, 2016		Quoted Prices in Active Markets for  Identical Assets (Level 1)		Significant  Other Observable  Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	1,294.4	$	1,294.4	$	—	$	—
Short-term investments:
Available-for-sale securities
Agency obligations	3.0		—		3.0		—
Corporate debt securities	13.5		—		13.5		—
Equity securities	29.2		—		29.2		—
Foreign government obligations	3.5		—		3.5		—
U.S. government treasury securities	4.1		4.1		—		—
Mortgage and other asset-backed securities	1.0		—		1.0		—
Total available-for-sale securities	54.3		4.1		50.2		—
Trading securities	68.9		68.9		—		—
Total short-term investments	123.2		73.0		50.2		—
Prepaid expenses and other current assets:
Derivative assets	35.7		—		35.7		—
Long-term investments:
Available-for-sale securities
Agency obligations	9.8		—		9.8		—
Corporate debt securities	230.8		—		230.8		—
Auction rate securities	5.7		—		—		5.7
Foreign government obligations	25.9		—		25.9		—
U.S. government treasury securities	239.6		239.6		—		—
State and local government obligations	10.7		—		10.7		—
Mortgage and other asset-backed securities	82.5		—		82.5		—
Total long-term investments	605.0		239.6		359.7		5.7
Other long-term assets:
Derivative assets	13.0		—		13.0		—
Total assets	$	2,071.3	$	1,607.0	$	458.6	$	5.7
Liabilities:
Accrued liabilities:
Derivative liabilities	$	28.8	$	4.4	$	24.4	$	—
Other long-term liabilities:
Derivative liabilities	32.7		—		32.7		—
Total liabilities	$	61.5	$	4.4	$	57.1	$	—

			Fair Value Measurements at Reporting Date Using
	Balance at Sep 27, 2015		Quoted Prices in Active Markets for  Identical Assets (Level 1)		Significant  Other Observable  Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	1,530.1	$	1,530.1	$	—	$	—
Short-term investments:
Available-for-sale securities
Corporate debt securities	10.2		—		10.2		—
Foreign government obligations	2.0		—		2.0		—
State and local government obligations	3.3		—		3.3		—
Total available-for-sale securities	15.5		—		15.5		—
Trading securities	65.8		65.8		—		—
Total short-term investments	81.3		65.8		15.5		—
Prepaid expenses and other current assets:
Derivative assets	50.8		—		50.8		—
Long-term investments:
Available-for-sale securities
Agency obligations	8.6		—		8.6		—
Corporate debt securities	121.8		—		121.8		—
Auction rate securities	5.9		—		—		5.9
Foreign government obligations	18.5		—		18.5		—
U.S. government treasury securities	104.8		104.8		—		—
State and local government obligations	9.7		—		9.7		—
Mortgage and other asset-backed securities	43.2		—		43.2		—
Total long-term investments	312.5		104.8		201.8		5.9
Other long-term assets:
Derivative assets	54.7		—		54.7		—
Total assets	$	2,029.4	$	1,700.7	$	322.8	$	5.9
Liabilities:
Accrued liabilities:
Derivative liabilities	$	19.2	$	3.6	$	15.6	$	—
Other long-term liabilities:
Derivative liabilities	14.5		—		14.5		—
Total	$	33.7	$	3.6	$	30.1	$	—

There were no transfers between levels and there was no significant activity within Level 3 instruments during the periods presented. The fair values of any financial instruments presented above exclude the impact of netting assets and liabilities when a legally enforceable master netting agreement exists.

Gross unrealized holding gains and losses on investments were not material as of March 27, 2016 and September 27, 2015.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, goodwill and other intangible assets, equity and cost method investments, and other assets. These assets are measured at fair value if determined to be impaired. During the quarter and two quarters ended March 27, 2016 and March 29, 2015, there were no material fair value adjustments.

The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 7, Debt.

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Inventories

6 Months Ended

Mar. 27, 2016

Inventory Disclosure [Abstract]

Inventories

Inventories (in millions)

	Mar 27, 2016		Sep 27, 2015		Mar 29, 2015
Coffee:
Unroasted	$	585.5	$	529.4	$	470.5
Roasted	261.8		279.7		213.5
Other merchandise held for sale	255.0		318.3		210.5
Packaging and other supplies	190.8		179.0		166.6
Total	$	1,293.1	$	1,306.4	$	1,061.1

Other merchandise held for sale includes, among other items, serveware and tea. Inventory levels vary due to seasonality, commodity market supply and price fluctuations.

As of March 27, 2016, we had committed to purchasing green coffee totaling $607 million under fixed-price contracts and an estimated $423 million under price-to-be-fixed contracts. As of March 27, 2016, approximately $28 million of our price-to-be-fixed contracts were effectively fixed through the use of futures contracts. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period, and other negotiated terms are agreed upon, but the date, and therefore the price, at which the base “C” coffee commodity price component will be fixed has not yet been established. For most contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. For other contracts, Starbucks and the seller may agree upon pricing parameters determined by the base "C" coffee commodity price. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on relationships established with our suppliers in the past, the risk of non-delivery on these purchase commitments is remote.

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Supplemental Balance Sheet Information

6 Months Ended

Mar. 27, 2016

Balance Sheet Related Disclosures [Abstract]

Supplemental Balance Sheet Information

Supplemental Balance Sheet Information (in millions)

Property, Plant and Equipment, net

	Mar 27, 2016			Sep 27, 2015
Land	$	46.6		$	46.6
Buildings	428.7			411.5
Leasehold improvements	5,594.0			5,409.6
Store equipment	1,834.3			1,707.5
Roasting equipment	562.4			542.4
Furniture, fixtures and other	1,311.7			1,281.7
Work in progress	313.0			242.5
Property, plant and equipment, gross	10,090.7			9,641.8
Accumulated depreciation	(5,843.8		)	(5,553.5		)
Property, plant and equipment, net	$	4,246.9		$	4,088.3

Accrued Liabilities

	Mar 27, 2016		Sep 27, 2015
Accrued compensation and related costs	$	474.0	$	522.3
Accrued occupancy costs	145.0		137.2
Accrued taxes	184.8		259.0
Accrued dividends payable	292.9		297.0
Other	599.0		539.8
Total accrued liabilities	$	1,695.7	$	1,755.3

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Debt

6 Months Ended

Mar. 27, 2016

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 $1 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. We issue commercial paper from time to time, and the proceeds from borrowings are used for working capital needs, capital expenditures and other corporate purposes, including business expansion, payment of cash dividends on our common stock and share repurchases. As of March 27, 2016, we had $149.1 million of borrowings outstanding under the program with a weighted average interest rate of 0.60%. The estimated fair value of the commercial paper approximates its carrying value.

Long-term Debt

In February 2016, we issued additional long-term debt in an underwritten registered public offering, which consisted of $500 million of 5-year 2.100% Senior Notes (the "2021 notes") due February 2021. Interest on the 2021 notes is payable semi-annually on February 4 and August 4 of each year, commencing on August 4, 2016.

Components of long-term debt including the associated interest rates and related estimated fair values (in millions, except interest rates):

	Mar 27, 2016				Sep 27, 2015				Stated Interest Rate		Effective Interest Rate (1)
Issuance	Face Value		Estimated Fair Value		Face Value		Estimated Fair Value
2016 notes	$	400.0	$	400	$	400.0	$	400	0.875	%	0.941	%
2018 notes	350.0		356		350.0		354		2.000	%	2.012	%
2021 notes	500.0		506		—		—		2.100	%	2.293	%
2022 notes	500.0		510		500.0		503		2.700	%	2.819	%
2023 notes	750.0		814		750.0		790		3.850	%	2.860	%
2045 notes	350.0		384		350.0		355		4.300	%	4.348	%
Total	2,850.0		2,970		2,350.0		2,402
Aggregate unamortized discount	2.6				2.5
Total	$	2,847.4			$	2,347.5

⁽¹⁾  Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.

The indentures under which the above notes were issued require us to maintain compliance with certain covenants, including limits on future liens and sale and leaseback transactions on certain material properties. As of March 27, 2016, we were in compliance with all applicable covenants.

The following table summarizes our long-term debt maturities as of March 27, 2016 (in millions):

Fiscal Year	Total
2016	$	—
2017	400.0
2018	—
2019	350.0
2020	—
Thereafter	2,100.0
Total	$	2,850.0

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Equity

6 Months Ended

Mar. 27, 2016

Equity [Abstract]

Equity

Equity

Changes in total equity (in millions):

	Two Quarters Ended
	Mar 27, 2016								Mar 29, 2015
	Attributable to Starbucks			Noncontrolling interest		Total Equity			Attributable to Starbucks			Noncontrolling interest			Total Equity
Beginning balance of total equity	$	5,818.0		$	1.8	$	5,819.8		$	5,272.0		$	1.7		$	5,273.7
Net earnings including noncontrolling interests	1,262.6			—		1,262.6			1,478.3			2.1			1,480.4
Translation adjustment, net of reclassifications and tax	36.6			—		36.6			(110.3		)	(31.1		)	(141.4		)
Unrealized gains/(losses), net of reclassifications and tax	(26.4		)	—		(26.4		)	(0.8		)	—			(0.8		)
Other comprehensive income/(loss)	10.2			—		10.2			(111.1		)	(31.1		)	(142.2		)
Stock-based compensation expense	109.5			—		109.5			105.2			—			105.2
Exercise of stock options/vesting of RSUs	59.7			—		59.7			104.6			—			104.6
Sale of common stock	6.9			—		6.9			11.3			—			11.3
Repurchase of common stock	(1,584.5		)	—		(1,584.5		)	(342.4		)	—			(342.4		)
Cash dividends declared	(587.8		)	—		(587.8		)	(479.9		)	—			(479.9		)
Noncontrolling interest resulting from acquisition	—			—		—			—			411.1			411.1
Purchase of noncontrolling interests	—			—		—			(29.3		)	(381.8		)	(411.1		)
Ending balance of total equity	$	5,094.6		$	1.8	$	5,096.4		$	6,008.7		$	2.0		$	6,010.7

Changes in AOCI by component, net of tax (in millions):

Quarter Ended

	Available-for-Sale Securities			Cash Flow Hedges			Net Investment Hedges		Translation Adjustment			Total
March 27, 2016
Net gains/(losses) in AOCI, beginning of period	$	0.8		$	23.4		$	1.3	$	(250.6	)	$	(225.1	)
Net gains/(losses) recognized in OCI before reclassifications	2.4			(50.7		)	—		61.0			12.7
Net (gains)/losses reclassified from AOCI to earnings	(0.3		)	23.5			—		—			23.2
Other comprehensive income/(loss) attributable to Starbucks	2.1			(27.2		)	—		61.0			35.9
Net gains/(losses) in AOCI, end of period	$	2.9		$	(3.8	)	$	1.3	$	(189.6	)	$	(189.2	)
March 29, 2015
Net gains/(losses) in AOCI, beginning of period	$	(0.9	)	$	32.9		$	1.3	$	(130.3	)	$	(97.0	)
Net gains/(losses) recognized in OCI before reclassifications	1.7			9.7			—		(3.1		)	8.3
Net (gains)/losses reclassified from AOCI to earnings	(0.4		)	4.0			—		—			3.6
Other comprehensive income/(loss) attributable to Starbucks	1.3			13.7			—		(3.1		)	11.9
Purchase of noncontrolling interests	—			—			—		(31.8		)	(31.8		)
Net gains/(losses) in AOCI, end of period	$	0.4		$	46.6		$	1.3	$	(165.2	)	$	(116.9	)

Two Quarters Ended

	Available-for-Sale Securities			Cash Flow Hedges			Net Investment Hedges			Translation Adjustment			Total
March 27, 2016
Net gains/(losses) in AOCI, beginning of period	$	(0.1	)	$	25.6		$	1.3		$	(226.2	)	$	(199.4	)
Net gains/(losses) recognized in OCI before reclassifications	3.0			(47.6		)	—			36.6			(8.0		)
Net (gains)/losses reclassified from AOCI to earnings	—			18.2			—			—			18.2
Other comprehensive income/(loss) attributable to Starbucks	3.0			(29.4		)	—			36.6			10.2
Net gains/(losses) in AOCI, end of period	$	2.9		$	(3.8	)	$	1.3		$	(189.6	)	$	(189.2	)
March 29, 2015
Net gains/(losses) in AOCI, beginning of period	$	(0.4	)	$	46.3		$	3.2		$	(23.8	)	$	25.3
Net gains/(losses) recognized in OCI before reclassifications	1.3			48.5			2.7			(124.6		)	(72.1		)
Net (gains)/losses reclassified from AOCI to earnings	(0.5		)	(48.2		)	(4.6		)	14.3			(39.0		)
Other comprehensive income/(loss) attributable to Starbucks	0.8			0.3			(1.9		)	(110.3		)	(111.1		)
Purchase of noncontrolling interests	—			—			—			(31.1		)	(31.1		)
Net gains/(losses) in AOCI, end of period	$	0.4		$	46.6		$	1.3		$	(165.2	)	$	(116.9	)

Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):

Quarter Ended

AOCI Components	Amounts Reclassified from AOCI						Affected Line Item in the Statements of Earnings
	Mar 27, 2016			Mar 29, 2015
Gains/(losses) on cash flow hedges
Interest rate hedges	$	1.3		$	1.3		Interest expense
Cross-currency swaps	(36.4		)	(10.6		)	Interest income and other, net
Foreign currency hedges	2.3			3.4			Revenues
Foreign currency/coffee hedges	5.0			1.3			Cost of sales including occupancy costs
	(27.8		)	(4.6		)	Total before tax
	4.3			0.6			Tax (expense)/benefit
	$	(23.5	)	$	(4.0	)	Net of tax

Two Quarters Ended

AOCI Components	Amounts Reclassified from AOCI						Affected Line Item in the Statements of Earnings
	Mar 27, 2016			Mar 29, 2015
Gains/(losses) on cash flow hedges
Interest rate hedges	$	2.8		$	2.6		Interest expense
Cross-currency swaps	(38.2		)	52.5			Interest income and other, net
Foreign currency hedges	5.4			5.9			Revenues
Foreign currency/coffee hedges	10.3			1.1			Cost of sales including occupancy costs
Gains/(losses) on net investment hedges(1)	—			7.2			Gain resulting from acquisition of joint venture
Translation adjustment(2)
Starbucks Japan	—			(7.2		)	Gain resulting from acquisition of joint venture
Other	—			(7.1		)	Interest income and other, net
	(19.7		)	55.0			Total before tax
	1.5			(16.5		)	Tax (expense)/benefit
	$	(18.2	)	$	38.5		Net of tax

⁽¹⁾  Release of pretax cumulative net gains in AOCI related to our net investment derivative instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.

⁽²⁾  Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign business.

In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of March 27, 2016.

We repurchased 27.5 million shares of common stock at a total cost of $1.6 billion, and 8.6 million shares at a total cost of $342.4 million for two quarters ended March 27, 2016 and March 29, 2015, respectively. As of March 27, 2016, 25.2 million shares remained available for repurchase under our ongoing share repurchase program. On April 21, 2016, we announced that our Board of Directors approved an increase of 100 million shares to our ongoing share repurchase program.

During the second quarter of fiscal 2016, our Board of Directors declared a quarterly cash dividend to shareholders of $0.20 per share to be paid on May 20, 2016 to shareholders of record as of the close of business on May 5, 2016.

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Employee Stock Plans

6 Months Ended

Mar. 27, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Employee Stock Plans

Employee Stock Plans

As of March 27, 2016, there were 85.7 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 14.1 million shares available for issuance under our employee stock purchase plan.

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):

	Quarter Ended				Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015
Options	$	7.5	$	8.1	$	23.0	$	20.6
Restricted Stock Units (“RSUs”)	43.8		44.2		85.6		83.6
Total stock-based compensation expense	$	51.3	$	52.3	$	108.6	$	104.2

Stock option and RSU transactions from September 27, 2015 through March 27, 2016 (in millions):

	Stock Options			RSUs
Options outstanding/Nonvested RSUs, September 27, 2015	33.6			10.7
Granted	5.6			3.9
Options exercised/RSUs vested	(3.6		)	(4.7		)
Forfeited/expired	(1.2		)	(1.0		)
Options outstanding/Nonvested RSUs, March 27, 2016	34.4			8.9
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 27, 2016	$	53.9		$	196.6

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Earnings Per Share

6 Months Ended

Mar. 27, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):

	Quarter Ended				Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015
Net earnings attributable to Starbucks	$	575.1	$	494.9	$	1,262.6	$	1,478.3
Weighted average common shares outstanding (for basic calculation)	1,472.1		1,500.5		1,479.0		1,499.7
Dilutive effect of outstanding common stock options and RSUs	14.5		16.0		16.0		17.0
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,486.6		1,516.5		1,495.0		1,516.7
EPS — basic	$	0.39	$	0.33	$	0.85	$	0.99
EPS — diluted	$	0.39	$	0.33	$	0.84	$	0.97

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and nonvested) and nonvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes out-of-the-money stock options (i.e., such options’ exercise prices were greater than the average market price of our common shares for the period) because their inclusion would have been antidilutive. Out-of-the-money stock options totaled approximately 5.2 million and 0.1 million as of March 27, 2016 and March 29, 2015, respectively.

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Segment Reporting

6 Months Ended

Mar. 27, 2016

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Our chief executive officer and chief operating officer comprise the Company's Chief Operating Decision Maker function ("CODM"). Segment information is prepared on the same basis that our CODM manages the segments, evaluates financial results, and makes key operating decisions.

The table below presents financial information for our reportable operating segments and All Other Segments (in millions):

Quarter Ended

	Americas		China/ Asia Pacific		EMEA		Channel Development		All Other Segments			Segment Total
March 27, 2016
Total net revenues	$	3,455.6	$	677.9	$	268.3	$	461.2	$	130.2		$	4,993.2
Depreciation and amortization expenses	151.7		44.0		10.7		0.7		3.4			210.5
Income from equity investees	—		32.7		0.3		32.6		—			65.6
Operating income/(loss)	812.0		129.3		27.6		182.0		(19.2		)	1,131.7
March 29, 2015
Total net revenues	$	3,128.0	$	595.2	$	280.3	$	428.0	$	132.0		$	4,563.5
Depreciation and amortization expenses	128.6		37.0		12.7		0.6		3.9			182.8
Income from equity investees	—		25.5		1.0		28.4		—			54.9
Operating income/(loss)	709.6		112.4		29.2		156.1		(4.1		)	1,003.2

Two Quarters Ended

	Americas		China/ Asia Pacific		EMEA		Channel Development		All Other Segments			Segment Total
March 27, 2016
Total net revenues	$	7,181.8	$	1,331.4	$	581.4	$	973.3	$	298.9		$	10,366.8
Depreciation and amortization expenses	292.5		86.1		22.2		1.4		7.0			409.2
Income from equity investees	—		63.9		1.5		64.3		—			129.7
Operating income/(loss)	1,746.5		256.1		75.8		375.2		(13.1		)	2,440.5
March 29, 2015
Total net revenues	$	6,494.9	$	1,091.0	$	613.7	$	870.5	$	296.7		$	9,366.8
Depreciation and amortization expenses	255.7		65.1		26.5		1.3		7.9			356.5
Income from equity investees	—		58.2		1.2		48.3		—			107.7
Operating income	1,527.1		220.6		79.1		313.3		6.4			2,146.5

Reconciliation of total segment operating income to consolidated earnings before income taxes (in millions):

	Quarter Ended						Two Quarters Ended
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015
Total segment operating income	$	1,131.7		$	1,003.2		$	2,440.5		$	2,146.5
Unallocated corporate operating expenses	(267.5		)	(225.7		)	(518.2		)	(453.4		)
Consolidated operating income	864.2			777.5			1,922.3			1,693.1
Gain resulting from acquisition of joint venture	—			—			—			390.6
Interest income and other, net	14.5			1.3			22.5			11.1
Interest expense	(18.3		)	(16.9		)	(34.8		)	(33.2		)
Earnings before income taxes	$	860.4		$	761.9		$	1,910.0		$	2,061.6

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Summary of Significant Accounting Policies (Policies)

6 Months Ended

Mar. 27, 2016

Accounting Policies [Abstract]

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued guidance related to stock-based compensation, which changes the accounting for and classification of excess tax benefits and minimum tax withholdings on share-based awards. The guidance becomes effective for us at the beginning of our first quarter of fiscal 2018 but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.

Also, in March 2016, the FASB issued guidance eliminating the requirement to retroactively apply the equity method of accounting when an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. This guidance will become effective for us at the beginning of our first quarter of fiscal 2018, but earlier adoption is permitted. We do not expect this adoption to have a material impact on our consolidated financial statements.  

Additionally, in March 2016, the FASB issued guidance for financial liabilities resulting from selling prepaid stored value products that are redeemable at third-party merchants. Under the new guidance, expected breakage amounts associated with these products must be recognized proportionately in earnings as redemption occurs. Our current accounting policy of applying the remote method to all of our store value cards, including cards redeemable at the third-party licensed locations, will no longer be allowed. The guidance will become effective for us at the beginning of our first quarter of fiscal 2019, with the option to adopt in an earlier period. As the guidance and timing of transition are consistent with the new revenue recognition standard issued by the FASB in May 2014 and discussed below, we expect to implement the provisions of both sets of guidance in the same period.

In February 2016, the FASB issued guidance on the recognition and measurement of leases. Under the new guidance, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. The guidance retains the current accounting for lessors and does not make significant changes to the recognition, measurement, and presentation of expenses and cash flows by a lessee. Enhanced disclosures will also be required to give financial statement users the ability to assess the amount, timing and uncertainty of cash flows arising from leases. The guidance will require modified retrospective application at the beginning of our first quarter of fiscal 2020, with optional practical expedients, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements but expect this adoption will result in a significant increase in our assets and liabilities on our consolidated balance sheet.

In January 2016, the FASB issued guidance on the recognition and measurement of financial instruments. This guidance retains the current accounting for classifying and measuring investments in debt securities and loans, but requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. The guidance also changes the accounting for investments without a readily determinable fair value and that do not qualify for the practical expedient to estimate fair value. A policy election can be made for these investments whereby estimated fair value may be measured at cost and adjusted in subsequent periods for any impairment or changes in observable prices of identical or similar investments. We are currently evaluating the impact this guidance will have on our consolidated financial statements, which will become effective for us at the beginning of our first quarter of fiscal 2019.

In November 2015, the FASB issued guidance on the presentation of deferred income taxes that requires deferred tax assets and liabilities, along with related valuation allowances, to be classified as noncurrent on the balance sheet. As a result, each tax jurisdiction will now only have one net noncurrent deferred tax asset or liability. The new guidance does not change the existing requirement that prohibits offsetting deferred tax liabilities from one jurisdiction against deferred tax assets of another jurisdiction. During the first quarter of fiscal 2016, we elected to early-adopt this guidance retrospectively. The following table summarizes the adjustments made to conform prior period classifications with the new guidance (in millions):

	September 27, 2015
	As Filed		Reclass			As Adjusted
Current deferred income tax assets	$	381.7	$	(381.7	)	$	—
Long-term deferred income tax assets	828.9		351.9			1,180.8
Current deferred income tax liabilities (included in Accrued liabilities)	5.4		(5.4		)	—
Long-term deferred income tax liabilities (included in Other long-term liabilities)	67.8		(24.4		)	43.4
Net deferred tax asset	$	1,137.4	$	—		$	1,137.4

In July 2015, the FASB issued guidance on the subsequent measurement of inventory, which changes the measurement from lower of cost or market to lower of cost and net realizable value. The guidance will require prospective application at the beginning of our first quarter of fiscal 2018, but permits adoption in an earlier period. We are currently evaluating the impact this guidance will have on our consolidated financial statements and the timing of adoption.

In April 2015, the FASB issued guidance on the financial statement presentation of debt issuance costs. This guidance requires debt issuance costs to be presented on the balance sheet as a reduction of the related debt liability rather than an asset. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017 and will only result in an immaterial change in presentation of these costs on our consolidated balance sheets.

In February 2015, the FASB issued guidance that changes the evaluation criteria for consolidation and related disclosure requirements. This guidance introduces evaluation criteria specific to limited partnerships and other similar entities, as well as amends the criteria for evaluating variable interest entities with which the reporting entity is involved and certain investment funds. The guidance will become effective for us at the beginning of our first quarter of fiscal 2017. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.

In May 2014, the FASB issued guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers that supersedes most current revenue recognition guidance. This guidance requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The original effective date of the guidance would have required us to adopt at the beginning of our first quarter of fiscal 2018. In July 2015, the FASB approved an optional one-year deferral of the effective date. The new guidance may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. We are currently evaluating the overall impact this guidance will have on our consolidated financial statements, as well as the expected timing and method of adoption. Based on our preliminary assessment, we determined the adoption will change the timing of recognition and classification of our stored value card breakage income, which is currently recognized using the remote method and recorded in net interest income and other. The new guidance will require application of the proportional method and classification within total net revenues on our consolidated statements of earnings. Additionally, the new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition. We are continuing our assessment, which may identify other impacts.

In April 2014, the FASB issued guidance that changes the criteria for reporting discontinued operations. To qualify as a discontinued operation under the amended guidance, a component or group of components of an entity that has been disposed of or is classified as held for sale must represent a strategic shift that has or will have a major effect on the entity's operations and financial results. This guidance also expands related disclosure requirements. The guidance became effective for us on a prospective basis at the beginning of our first quarter of fiscal 2016 and had no impact on our consolidated financial statements.

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Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)

6 Months Ended

Mar. 27, 2016

Accounting Policies [Abstract]

Summary of Adjustments Made to Conform Prior Period Classifications with New Guidance

The following table summarizes the adjustments made to conform prior period classifications with the new guidance (in millions):

	September 27, 2015
	As Filed		Reclass			As Adjusted
Current deferred income tax assets	$	381.7	$	(381.7	)	$	—
Long-term deferred income tax assets	828.9		351.9			1,180.8
Current deferred income tax liabilities (included in Accrued liabilities)	5.4		(5.4		)	—
Long-term deferred income tax liabilities (included in Other long-term liabilities)	67.8		(24.4		)	43.4
Net deferred tax asset	$	1,137.4	$	—		$	1,137.4

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Derivative Financial Instruments (Tables)

6 Months Ended

Mar. 27, 2016

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 designated as hedging instruments included in AOCI and expected to be reclassified into earnings within 12 months, net of tax (in millions):

	Net Gains/(Losses) Included in AOCI						Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months			Outstanding Contract Remaining Maturity (Months)
	Mar 27, 2016			Sep 27, 2015
Cash Flow Hedges:
Interest rates	$	23.2		$	30.1		$	3.0		0
Cross-currency swaps	(33.8		)	(27.8		)	—			105
Foreign currency - other	12.3			29.0			9.7			35
Coffee	(5.5		)	(5.7		)	(4.8		)	6
Net Investment Hedges:
Foreign currency	1.3			1.3			—			0

Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings

Pretax gains and losses on derivative contracts designated as hedging instruments recognized in other comprehensive income ("OCI") and reclassifications from AOCI to earnings (in millions):

	Quarter Ended												Two Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications						Gains/(Losses) Reclassified from AOCI to Earnings						Gains/(Losses) Recognized in OCI Before Reclassifications						Gains/(Losses) Reclassified from AOCI to Earnings
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015
Cash Flow Hedges:
Interest rates	$	(11.4	)	$	(6.6	)	$	1.3		$	1.3		$	(8.3	)	$	(6.3	)	$	2.8		$	2.6
Cross-currency swaps	(39.6		)	(1.5		)	(36.4		)	(10.6		)	(44.9		)	36.3			(38.2		)	52.5
Foreign currency - other	(18.1		)	21.0			7.8			5.7			(8.8		)	37.4			16.3			9.6
Coffee	0.9			(0.7		)	(0.5		)	(1.0		)	(0.4		)	(3.5		)	(0.6		)	(2.6		)
Net Investment Hedges:
Foreign currency	—			—			—			—			—			4.3			—			7.2

Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings

Pretax gains and losses on derivative contracts not designated as hedging instruments recognized in earnings (in millions):

	Gains/(Losses) Recognized in Earnings
	Quarter Ended						Two Quarters Ended
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015
Foreign currency - other	$	(4.0	)	$	4.8		$	(1.9	)	$	23.3
Coffee	0.1			—			—			—
Dairy	(1.4		)	1.1			(7.0		)	(3.3		)
Diesel fuel	0.5			(1.0		)	(4.2		)	(8.6		)

Notional Amounts of Outstanding Derivative Contracts

Notional amounts of outstanding derivative contracts (in millions):

	Mar 27, 2016		Sep 27, 2015
Interest rates	$	—	$	125
Cross-currency swaps	690		717
Foreign currency - other	757		577
Coffee	28		38
Dairy	54		43
Diesel fuel	30		14

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Fair Value Measurements (Tables)

6 Months Ended

Mar. 27, 2016

Fair Value Disclosures [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

Assets and Liabilities Measured at Fair Value on a Recurring Basis (in millions):

			Fair Value Measurements at Reporting Date Using
	Balance at Mar 27, 2016		Quoted Prices in Active Markets for  Identical Assets (Level 1)		Significant  Other Observable  Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	1,294.4	$	1,294.4	$	—	$	—
Short-term investments:
Available-for-sale securities
Agency obligations	3.0		—		3.0		—
Corporate debt securities	13.5		—		13.5		—
Equity securities	29.2		—		29.2		—
Foreign government obligations	3.5		—		3.5		—
U.S. government treasury securities	4.1		4.1		—		—
Mortgage and other asset-backed securities	1.0		—		1.0		—
Total available-for-sale securities	54.3		4.1		50.2		—
Trading securities	68.9		68.9		—		—
Total short-term investments	123.2		73.0		50.2		—
Prepaid expenses and other current assets:
Derivative assets	35.7		—		35.7		—
Long-term investments:
Available-for-sale securities
Agency obligations	9.8		—		9.8		—
Corporate debt securities	230.8		—		230.8		—
Auction rate securities	5.7		—		—		5.7
Foreign government obligations	25.9		—		25.9		—
U.S. government treasury securities	239.6		239.6		—		—
State and local government obligations	10.7		—		10.7		—
Mortgage and other asset-backed securities	82.5		—		82.5		—
Total long-term investments	605.0		239.6		359.7		5.7
Other long-term assets:
Derivative assets	13.0		—		13.0		—
Total assets	$	2,071.3	$	1,607.0	$	458.6	$	5.7
Liabilities:
Accrued liabilities:
Derivative liabilities	$	28.8	$	4.4	$	24.4	$	—
Other long-term liabilities:
Derivative liabilities	32.7		—		32.7		—
Total liabilities	$	61.5	$	4.4	$	57.1	$	—

			Fair Value Measurements at Reporting Date Using
	Balance at Sep 27, 2015		Quoted Prices in Active Markets for  Identical Assets (Level 1)		Significant  Other Observable  Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	1,530.1	$	1,530.1	$	—	$	—
Short-term investments:
Available-for-sale securities
Corporate debt securities	10.2		—		10.2		—
Foreign government obligations	2.0		—		2.0		—
State and local government obligations	3.3		—		3.3		—
Total available-for-sale securities	15.5		—		15.5		—
Trading securities	65.8		65.8		—		—
Total short-term investments	81.3		65.8		15.5		—
Prepaid expenses and other current assets:
Derivative assets	50.8		—		50.8		—
Long-term investments:
Available-for-sale securities
Agency obligations	8.6		—		8.6		—
Corporate debt securities	121.8		—		121.8		—
Auction rate securities	5.9		—		—		5.9
Foreign government obligations	18.5		—		18.5		—
U.S. government treasury securities	104.8		104.8		—		—
State and local government obligations	9.7		—		9.7		—
Mortgage and other asset-backed securities	43.2		—		43.2		—
Total long-term investments	312.5		104.8		201.8		5.9
Other long-term assets:
Derivative assets	54.7		—		54.7		—
Total assets	$	2,029.4	$	1,700.7	$	322.8	$	5.9
Liabilities:
Accrued liabilities:
Derivative liabilities	$	19.2	$	3.6	$	15.6	$	—
Other long-term liabilities:
Derivative liabilities	14.5		—		14.5		—
Total	$	33.7	$	3.6	$	30.1	$	—

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Inventories (Tables)

6 Months Ended

Mar. 27, 2016

Inventory Disclosure [Abstract]

Inventories

	Mar 27, 2016		Sep 27, 2015		Mar 29, 2015
Coffee:
Unroasted	$	585.5	$	529.4	$	470.5
Roasted	261.8		279.7		213.5
Other merchandise held for sale	255.0		318.3		210.5
Packaging and other supplies	190.8		179.0		166.6
Total	$	1,293.1	$	1,306.4	$	1,061.1

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Supplemental Balance Sheet Information (Tables)

6 Months Ended

Mar. 27, 2016

Balance Sheet Related Disclosures [Abstract]

Property, Plant And Equipment, net

	Mar 27, 2016			Sep 27, 2015
Land	$	46.6		$	46.6
Buildings	428.7			411.5
Leasehold improvements	5,594.0			5,409.6
Store equipment	1,834.3			1,707.5
Roasting equipment	562.4			542.4
Furniture, fixtures and other	1,311.7			1,281.7
Work in progress	313.0			242.5
Property, plant and equipment, gross	10,090.7			9,641.8
Accumulated depreciation	(5,843.8		)	(5,553.5		)
Property, plant and equipment, net	$	4,246.9		$	4,088.3

Accrued Liabilities

	Mar 27, 2016		Sep 27, 2015
Accrued compensation and related costs	$	474.0	$	522.3
Accrued occupancy costs	145.0		137.2
Accrued taxes	184.8		259.0
Accrued dividends payable	292.9		297.0
Other	599.0		539.8
Total accrued liabilities	$	1,695.7	$	1,755.3

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Debt (Tables)

6 Months Ended

Mar. 27, 2016

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 (in millions, except interest rates):

	Mar 27, 2016				Sep 27, 2015				Stated Interest Rate		Effective Interest Rate (1)
Issuance	Face Value		Estimated Fair Value		Face Value		Estimated Fair Value
2016 notes	$	400.0	$	400	$	400.0	$	400	0.875	%	0.941	%
2018 notes	350.0		356		350.0		354		2.000	%	2.012	%
2021 notes	500.0		506		—		—		2.100	%	2.293	%
2022 notes	500.0		510		500.0		503		2.700	%	2.819	%
2023 notes	750.0		814		750.0		790		3.850	%	2.860	%
2045 notes	350.0		384		350.0		355		4.300	%	4.348	%
Total	2,850.0		2,970		2,350.0		2,402
Aggregate unamortized discount	2.6				2.5
Total	$	2,847.4			$	2,347.5

⁽¹⁾  Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.

Long-Term Debt Maturities

The following table summarizes our long-term debt maturities as of March 27, 2016 (in millions):

Fiscal Year	Total
2016	$	—
2017	400.0
2018	—
2019	350.0
2020	—
Thereafter	2,100.0
Total	$	2,850.0

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Equity (Tables)

6 Months Ended

Mar. 27, 2016

Equity [Abstract]

Changes In Total Equity

Changes in total equity (in millions):

	Two Quarters Ended
	Mar 27, 2016								Mar 29, 2015
	Attributable to Starbucks			Noncontrolling interest		Total Equity			Attributable to Starbucks			Noncontrolling interest			Total Equity
Beginning balance of total equity	$	5,818.0		$	1.8	$	5,819.8		$	5,272.0		$	1.7		$	5,273.7
Net earnings including noncontrolling interests	1,262.6			—		1,262.6			1,478.3			2.1			1,480.4
Translation adjustment, net of reclassifications and tax	36.6			—		36.6			(110.3		)	(31.1		)	(141.4		)
Unrealized gains/(losses), net of reclassifications and tax	(26.4		)	—		(26.4		)	(0.8		)	—			(0.8		)
Other comprehensive income/(loss)	10.2			—		10.2			(111.1		)	(31.1		)	(142.2		)
Stock-based compensation expense	109.5			—		109.5			105.2			—			105.2
Exercise of stock options/vesting of RSUs	59.7			—		59.7			104.6			—			104.6
Sale of common stock	6.9			—		6.9			11.3			—			11.3
Repurchase of common stock	(1,584.5		)	—		(1,584.5		)	(342.4		)	—			(342.4		)
Cash dividends declared	(587.8		)	—		(587.8		)	(479.9		)	—			(479.9		)
Noncontrolling interest resulting from acquisition	—			—		—			—			411.1			411.1
Purchase of noncontrolling interests	—			—		—			(29.3		)	(381.8		)	(411.1		)
Ending balance of total equity	$	5,094.6		$	1.8	$	5,096.4		$	6,008.7		$	2.0		$	6,010.7

Changes in Components Of Accumulated Other Comprehensive Income, Net Of Tax

Changes in AOCI by component, net of tax (in millions):

Quarter Ended

	Available-for-Sale Securities			Cash Flow Hedges			Net Investment Hedges		Translation Adjustment			Total
March 27, 2016
Net gains/(losses) in AOCI, beginning of period	$	0.8		$	23.4		$	1.3	$	(250.6	)	$	(225.1	)
Net gains/(losses) recognized in OCI before reclassifications	2.4			(50.7		)	—		61.0			12.7
Net (gains)/losses reclassified from AOCI to earnings	(0.3		)	23.5			—		—			23.2
Other comprehensive income/(loss) attributable to Starbucks	2.1			(27.2		)	—		61.0			35.9
Net gains/(losses) in AOCI, end of period	$	2.9		$	(3.8	)	$	1.3	$	(189.6	)	$	(189.2	)
March 29, 2015
Net gains/(losses) in AOCI, beginning of period	$	(0.9	)	$	32.9		$	1.3	$	(130.3	)	$	(97.0	)
Net gains/(losses) recognized in OCI before reclassifications	1.7			9.7			—		(3.1		)	8.3
Net (gains)/losses reclassified from AOCI to earnings	(0.4		)	4.0			—		—			3.6
Other comprehensive income/(loss) attributable to Starbucks	1.3			13.7			—		(3.1		)	11.9
Purchase of noncontrolling interests	—			—			—		(31.8		)	(31.8		)
Net gains/(losses) in AOCI, end of period	$	0.4		$	46.6		$	1.3	$	(165.2	)	$	(116.9	)

Two Quarters Ended

	Available-for-Sale Securities			Cash Flow Hedges			Net Investment Hedges			Translation Adjustment			Total
March 27, 2016
Net gains/(losses) in AOCI, beginning of period	$	(0.1	)	$	25.6		$	1.3		$	(226.2	)	$	(199.4	)
Net gains/(losses) recognized in OCI before reclassifications	3.0			(47.6		)	—			36.6			(8.0		)
Net (gains)/losses reclassified from AOCI to earnings	—			18.2			—			—			18.2
Other comprehensive income/(loss) attributable to Starbucks	3.0			(29.4		)	—			36.6			10.2
Net gains/(losses) in AOCI, end of period	$	2.9		$	(3.8	)	$	1.3		$	(189.6	)	$	(189.2	)
March 29, 2015
Net gains/(losses) in AOCI, beginning of period	$	(0.4	)	$	46.3		$	3.2		$	(23.8	)	$	25.3
Net gains/(losses) recognized in OCI before reclassifications	1.3			48.5			2.7			(124.6		)	(72.1		)
Net (gains)/losses reclassified from AOCI to earnings	(0.5		)	(48.2		)	(4.6		)	14.3			(39.0		)
Other comprehensive income/(loss) attributable to Starbucks	0.8			0.3			(1.9		)	(110.3		)	(111.1		)
Purchase of noncontrolling interests	—			—			—			(31.1		)	(31.1		)
Net gains/(losses) in AOCI, end of period	$	0.4		$	46.6		$	1.3		$	(165.2	)	$	(116.9	)

Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings

Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):

Quarter Ended

AOCI Components	Amounts Reclassified from AOCI						Affected Line Item in the Statements of Earnings
	Mar 27, 2016			Mar 29, 2015
Gains/(losses) on cash flow hedges
Interest rate hedges	$	1.3		$	1.3		Interest expense
Cross-currency swaps	(36.4		)	(10.6		)	Interest income and other, net
Foreign currency hedges	2.3			3.4			Revenues
Foreign currency/coffee hedges	5.0			1.3			Cost of sales including occupancy costs
	(27.8		)	(4.6		)	Total before tax
	4.3			0.6			Tax (expense)/benefit
	$	(23.5	)	$	(4.0	)	Net of tax

Two Quarters Ended

AOCI Components	Amounts Reclassified from AOCI						Affected Line Item in the Statements of Earnings
	Mar 27, 2016			Mar 29, 2015
Gains/(losses) on cash flow hedges
Interest rate hedges	$	2.8		$	2.6		Interest expense
Cross-currency swaps	(38.2		)	52.5			Interest income and other, net
Foreign currency hedges	5.4			5.9			Revenues
Foreign currency/coffee hedges	10.3			1.1			Cost of sales including occupancy costs
Gains/(losses) on net investment hedges(1)	—			7.2			Gain resulting from acquisition of joint venture
Translation adjustment(2)
Starbucks Japan	—			(7.2		)	Gain resulting from acquisition of joint venture
Other	—			(7.1		)	Interest income and other, net
	(19.7		)	55.0			Total before tax
	1.5			(16.5		)	Tax (expense)/benefit
	$	(18.2	)	$	38.5		Net of tax

⁽¹⁾  Release of pretax cumulative net gains in AOCI related to our net investment derivative instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.

⁽²⁾  Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign business.

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Employee Stock Plans (Tables)

6 Months Ended

Mar. 27, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation Expense Recognized in Consolidated Statements of Earnings

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):

	Quarter Ended				Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015
Options	$	7.5	$	8.1	$	23.0	$	20.6
Restricted Stock Units (“RSUs”)	43.8		44.2		85.6		83.6
Total stock-based compensation expense	$	51.3	$	52.3	$	108.6	$	104.2

Stock Option and RSU Transactions

Stock option and RSU transactions from September 27, 2015 through March 27, 2016 (in millions):

	Stock Options			RSUs
Options outstanding/Nonvested RSUs, September 27, 2015	33.6			10.7
Granted	5.6			3.9
Options exercised/RSUs vested	(3.6		)	(4.7		)
Forfeited/expired	(1.2		)	(1.0		)
Options outstanding/Nonvested RSUs, March 27, 2016	34.4			8.9
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of March 27, 2016	$	53.9		$	196.6

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Earnings Per Share (Tables)

6 Months Ended

Mar. 27, 2016

Earnings Per Share [Abstract]

Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted

Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):

	Quarter Ended				Two Quarters Ended
	Mar 27, 2016		Mar 29, 2015		Mar 27, 2016		Mar 29, 2015
Net earnings attributable to Starbucks	$	575.1	$	494.9	$	1,262.6	$	1,478.3
Weighted average common shares outstanding (for basic calculation)	1,472.1		1,500.5		1,479.0		1,499.7
Dilutive effect of outstanding common stock options and RSUs	14.5		16.0		16.0		17.0
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,486.6		1,516.5		1,495.0		1,516.7
EPS — basic	$	0.39	$	0.33	$	0.85	$	0.99
EPS — diluted	$	0.39	$	0.33	$	0.84	$	0.97

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Segment Reporting (Tables)

6 Months Ended

Mar. 27, 2016

Segment Reporting [Abstract]

Financial Information For Reportable Operating Segments And All Other Segments

The table below presents financial information for our reportable operating segments and All Other Segments (in millions):

Quarter Ended

	Americas		China/ Asia Pacific		EMEA		Channel Development		All Other Segments			Segment Total
March 27, 2016
Total net revenues	$	3,455.6	$	677.9	$	268.3	$	461.2	$	130.2		$	4,993.2
Depreciation and amortization expenses	151.7		44.0		10.7		0.7		3.4			210.5
Income from equity investees	—		32.7		0.3		32.6		—			65.6
Operating income/(loss)	812.0		129.3		27.6		182.0		(19.2		)	1,131.7
March 29, 2015
Total net revenues	$	3,128.0	$	595.2	$	280.3	$	428.0	$	132.0		$	4,563.5
Depreciation and amortization expenses	128.6		37.0		12.7		0.6		3.9			182.8
Income from equity investees	—		25.5		1.0		28.4		—			54.9
Operating income/(loss)	709.6		112.4		29.2		156.1		(4.1		)	1,003.2

Two Quarters Ended

	Americas		China/ Asia Pacific		EMEA		Channel Development		All Other Segments			Segment Total
March 27, 2016
Total net revenues	$	7,181.8	$	1,331.4	$	581.4	$	973.3	$	298.9		$	10,366.8
Depreciation and amortization expenses	292.5		86.1		22.2		1.4		7.0			409.2
Income from equity investees	—		63.9		1.5		64.3		—			129.7
Operating income/(loss)	1,746.5		256.1		75.8		375.2		(13.1		)	2,440.5
March 29, 2015
Total net revenues	$	6,494.9	$	1,091.0	$	613.7	$	870.5	$	296.7		$	9,366.8
Depreciation and amortization expenses	255.7		65.1		26.5		1.3		7.9			356.5
Income from equity investees	—		58.2		1.2		48.3		—			107.7
Operating income	1,527.1		220.6		79.1		313.3		6.4			2,146.5

Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes

Reconciliation of total segment operating income to consolidated earnings before income taxes (in millions):

	Quarter Ended						Two Quarters Ended
	Mar 27, 2016			Mar 29, 2015			Mar 27, 2016			Mar 29, 2015
Total segment operating income	$	1,131.7		$	1,003.2		$	2,440.5		$	2,146.5
Unallocated corporate operating expenses	(267.5		)	(225.7		)	(518.2		)	(453.4		)
Consolidated operating income	864.2			777.5			1,922.3			1,693.1
Gain resulting from acquisition of joint venture	—			—			—			390.6
Interest income and other, net	14.5			1.3			22.5			11.1
Interest expense	(18.3		)	(16.9		)	(34.8		)	(33.2		)
Earnings before income taxes	$	860.4		$	761.9		$	1,910.0		$	2,061.6

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Summary of Significant Accounting Policies - Effects of Early Adoption of New Accounting Pronouncement (Details) - USD ($) $ in Millions	Mar. 27, 2016	Sep. 27, 2015
New Accounting Pronouncement, Early Adoption [Line Items]
Long-term deferred income tax assets	$ 910.2	$ 1,180.8
New Accounting Pronouncement, Early Adoption, Effect [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Current deferred income tax assets		0.0
Long-term deferred income tax assets		1,180.8
Current deferred income tax liabilities (included in Accrued liabilities)		0.0
Long-term deferred income tax liabilities (included in Other long-term liabilities)		43.4
Net deferred tax asset		1,137.4
As Filed [Member] | New Accounting Pronouncement, Early Adoption, Effect [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Current deferred income tax assets		381.7
Long-term deferred income tax assets		828.9
Current deferred income tax liabilities (included in Accrued liabilities)		5.4
Long-term deferred income tax liabilities (included in Other long-term liabilities)		67.8
Net deferred tax asset		1,137.4
Reclass [Member] | New Accounting Pronouncement, Early Adoption, Effect [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Current deferred income tax assets		(381.7)
Long-term deferred income tax assets		351.9
Current deferred income tax liabilities (included in Accrued liabilities)		(5.4)
Long-term deferred income tax liabilities (included in Other long-term liabilities)		(24.4)
Net deferred tax asset		$ 0.0

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Acquisitions and Divestitures (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended		9 Months Ended	12 Months Ended	17 Months Ended
	Oct. 31, 2014	Mar. 27, 2016	Dec. 27, 2015	Mar. 29, 2015	Dec. 28, 2014	Mar. 27, 2016	Mar. 29, 2015	Sep. 27, 2015	Sep. 27, 2015	Mar. 27, 2016	Sep. 28, 2014
Business Acquisition [Line Items]
Gain resulting from acquisition of joint venture		$ 0.0		$ 0.0		$ 0.0	$ 390.6
Spain JV [Member]
Business Acquisition [Line Items]
Ownership interest sold to joint venture partner			49.00%
Purchase price of joint venture sold			$ 30.2
Gain resulting from divestiture			$ 0.6
Starbucks Coffee Japan Ltd Member
Business Acquisition [Line Items]
Preexisting ownership percentage in Starbucks Japan											39.50%
Remaining Ownership Interest in Equity Method Investee to be Acquired											60.50%
Cash paid to acquire additional ownership interest in Starbucks Japan	$ 509.0							$ 362.0	$ 876.0
Acquisition date	Oct. 31, 2014
Goodwill, effect of foreign currency translation										$ (35.9)
Intangible assets, effect of foreign currency translation										(14.2)
Goodwill		779.7
Intangible assets, acquired		308.8
Intangible assets, accumulated amortization		$ 67.3				$ 67.3				$ 67.3
Gain resulting from acquisition of joint venture					$ 390.6

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Derivative Financial Instruments (Derivative Gains and Losses Included in AOCI and Expected to be Reclassified into Earnings in 12 Months, Net of Tax) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 27, 2016	Sep. 27, 2015
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 23.2	$ 30.1
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 3.0
Outstanding Contract Remaining Maturity (Months)	0 months
Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ (33.8)	(27.8)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	105 months
Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 12.3	29.0
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 9.7
Outstanding Contract Remaining Maturity (Months)	35 months
Cash Flow Hedging [Member] | Coffee Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ (5.5)	(5.7)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ (4.8)
Outstanding Contract Remaining Maturity (Months)	6 months
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 1.3	$ 1.3
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	0 months

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Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings) (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Mar. 27, 2016	Mar. 29, 2015
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	$ (11.4)	$ (6.6)	$ (8.3)	$ (6.3)
Gains/(Losses) Reclassified from AOCI to Earnings	1.3	1.3	2.8	2.6
Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	(39.6)	(1.5)	(44.9)	36.3
Gains/(Losses) Reclassified from AOCI to Earnings	(36.4)	(10.6)	(38.2)	52.5
Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	(18.1)	21.0	(8.8)	37.4
Gains/(Losses) Reclassified from AOCI to Earnings	7.8	5.7	16.3	9.6
Cash Flow Hedging [Member] | Coffee Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	0.9	(0.7)	(0.4)	(3.5)
Gains/(Losses) Reclassified from AOCI to Earnings	(0.5)	(1.0)	(0.6)	(2.6)
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	0.0	0.0	0.0	4.3
Gains/(Losses) Reclassified from AOCI to Earnings	$ 0.0	$ 0.0	$ 0.0	$ 7.2

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Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Mar. 27, 2016	Mar. 29, 2015
Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	$ (4.0)	$ 4.8
Coffee Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	0.1	0.0	$ 0.0	$ 0.0
Dairy Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	(1.4)	1.1
Diesel Fuel Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	$ 0.5	$ (1.0)
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings			(1.9)	23.3
Not Designated as Hedging Instrument [Member] | Dairy Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings			(7.0)	(3.3)
Not Designated as Hedging Instrument [Member] | Diesel Fuel Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings			$ (4.2)	$ (8.6)

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Derivative and Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details) - USD ($) $ in Millions	Mar. 27, 2016	Sep. 27, 2015
Interest Rate Contract [Member]
Derivative [Line Items]
Notional amounts of outstanding derivative contracts	$ 0	$ 125
Cross-Currency Swap [Member]
Derivative [Line Items]
Notional amounts of outstanding derivative contracts	690	717
Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Notional amounts of outstanding derivative contracts	757	577
Coffee Contracts [Member]
Derivative [Line Items]
Notional amounts of outstanding derivative contracts	28	38
Dairy Contracts [Member]
Derivative [Line Items]
Notional amounts of outstanding derivative contracts	54	43
Diesel Fuel Contracts [Member]
Derivative [Line Items]
Notional amounts of outstanding derivative contracts	$ 30	$ 14

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Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Millions	Mar. 27, 2016	Sep. 27, 2015
Assets:
Total short-term investments	$ 123.2	$ 81.3
Available-for-sale securities	605.0	312.5
Total Assets	2,071.3	2,029.4
Liabilities:
Total Liabilities	61.5	33.7
Cash and Cash Equivalents [Member]
Assets:
Cash and cash equivalents	1,294.4	1,530.1
Short-term Investments [Member]
Assets:
Available-for-sale securities	54.3	15.5
Trading securities	68.9	65.8
Total short-term investments	123.2	81.3
Prepaid Expenses and Other Current Assets [Member]
Assets:
Derivative assets	35.7	50.8
Long-term Investments [Member]
Assets:
Available-for-sale securities	605.0	312.5
Other Long-Term Assets [Member]
Assets:
Derivative assets	13.0	54.7
Accrued Liabilities [Member]
Liabilities:
Derivative liabilities	28.8	19.2
Other Long-Term Liabilities [Member]
Liabilities:
Derivative liabilities	32.7	14.5
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets:
Total Assets	1,607.0	1,700.7
Liabilities:
Total Liabilities	4.4	3.6
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Cash and Cash Equivalents [Member]
Assets:
Cash and cash equivalents	1,294.4	1,530.1
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	4.1	0.0
Trading securities	68.9	65.8
Total short-term investments	73.0	65.8
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Prepaid Expenses and Other Current Assets [Member]
Assets:
Derivative assets	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	239.6	104.8
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Other Long-Term Assets [Member]
Assets:
Derivative assets	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Accrued Liabilities [Member]
Liabilities:
Derivative liabilities	4.4	3.6
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Other Long-Term Liabilities [Member]
Liabilities:
Derivative liabilities	0.0	0.0
Significant Other Observable Inputs (Level 2) [Member]
Assets:
Total Assets	458.6	322.8
Liabilities:
Total Liabilities	57.1	30.1
Significant Other Observable Inputs (Level 2) [Member] | Cash and Cash Equivalents [Member]
Assets:
Cash and cash equivalents	0.0	0.0
Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	50.2	15.5
Trading securities	0.0	0.0
Total short-term investments	50.2	15.5
Significant Other Observable Inputs (Level 2) [Member] | Prepaid Expenses and Other Current Assets [Member]
Assets:
Derivative assets	35.7	50.8
Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	359.7	201.8
Significant Other Observable Inputs (Level 2) [Member] | Other Long-Term Assets [Member]
Assets:
Derivative assets	13.0	54.7
Significant Other Observable Inputs (Level 2) [Member] | Accrued Liabilities [Member]
Liabilities:
Derivative liabilities	24.4	15.6
Significant Other Observable Inputs (Level 2) [Member] | Other Long-Term Liabilities [Member]
Liabilities:
Derivative liabilities	32.7	14.5
Significant Unobservable Inputs (Level 3) [Member]
Assets:
Total Assets	5.7	5.9
Liabilities:
Total Liabilities	0.0	0.0
Significant Unobservable Inputs (Level 3) [Member] | Cash and Cash Equivalents [Member]
Assets:
Cash and cash equivalents	0.0	0.0
Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Trading securities	0.0	0.0
Total short-term investments	0.0	0.0
Significant Unobservable Inputs (Level 3) [Member] | Prepaid Expenses and Other Current Assets [Member]
Assets:
Derivative assets	0.0	0.0
Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	5.7	5.9
Significant Unobservable Inputs (Level 3) [Member] | Other Long-Term Assets [Member]
Assets:
Derivative assets	0.0	0.0
Significant Unobservable Inputs (Level 3) [Member] | Accrued Liabilities [Member]
Liabilities:
Derivative liabilities	0.0	0.0
Significant Unobservable Inputs (Level 3) [Member] | Other Long-Term Liabilities [Member]
Liabilities:
Derivative liabilities	0.0	0.0
Corporate Debt Securities [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	13.5	10.2
Corporate Debt Securities [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	230.8	121.8
Corporate Debt Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Corporate Debt Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Corporate Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	13.5	10.2
Corporate Debt Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	230.8	121.8
Corporate Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Corporate Debt Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Equity Securities [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	29.2
Equity Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0
Equity Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	29.2
Equity Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0
Foreign Government Obligations [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	3.5	2.0
Foreign Government Obligations [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	25.9	18.5
Foreign Government Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Foreign Government Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Foreign Government Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	3.5	2.0
Foreign Government Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	25.9	18.5
Foreign Government Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Foreign Government Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
U.S. Government Treasury Securities [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	4.1
U.S. Government Treasury Securities [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	239.6	104.8
U.S. Government Treasury Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	4.1
U.S. Government Treasury Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	239.6	104.8
U.S. Government Treasury Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0
U.S. Government Treasury Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
U.S. Government Treasury Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0
U.S. Government Treasury Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Agency Obligations [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	3.0
Agency Obligations [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	9.8	8.6
Agency Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0
Agency Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Agency Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	3.0
Agency Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	9.8	8.6
Agency Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0
Agency Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Auction Rate Securities [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	5.7	5.9
Auction Rate Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Auction Rate Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Auction Rate Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	5.7	5.9
State and Local Government Obligations [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities		3.3
State and Local Government Obligations [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	10.7	9.7
State and Local Government Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities		0.0
State and Local Government Obligations [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
State and Local Government Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities		3.3
State and Local Government Obligations [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	10.7	9.7
State and Local Government Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities		0.0
State and Local Government Obligations [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Mortgage and Other Asset-backed Securities [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	1.0
Mortgage and Other Asset-backed Securities [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	82.5	43.2
Mortgage and Other Asset-backed Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0
Mortgage and Other Asset-backed Securities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	0.0	0.0
Mortgage and Other Asset-backed Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	1.0
Mortgage and Other Asset-backed Securities [Member] | Significant Other Observable Inputs (Level 2) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	82.5	43.2
Mortgage and Other Asset-backed Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Short-term Investments [Member]
Assets:
Available-for-sale securities	0.0
Mortgage and Other Asset-backed Securities [Member] | Significant Unobservable Inputs (Level 3) [Member] | Long-term Investments [Member]
Assets:
Available-for-sale securities	$ 0.0	$ 0.0

XML

Inventories (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 27, 2016 USD ($)
Fixed Price Contract [Member]
Inventory [Line Items]
Amount of coffee committed to be purchased	$ 607
Price-to-be-fixed Contract [Member]
Inventory [Line Items]
Amount of coffee committed to be purchased	423
Future [Member] | Price-to-be-fixed Contract [Member]
Inventory [Line Items]
Notional amounts of outstanding derivative contracts	$ 28

XML

Inventories (Components of Inventory) (Details) - USD ($) $ in Millions	Mar. 27, 2016	Sep. 27, 2015	Mar. 29, 2015
Inventory Disclosure [Abstract]
Unroasted coffee	$ 585.5	$ 529.4	$ 470.5
Roasted coffee	261.8	279.7	213.5
Other merchandise held for sale	255.0	318.3	210.5
Packaging and other supplies	190.8	179.0	166.6
Total	$ 1,293.1	$ 1,306.4	$ 1,061.1

XML

Supplemental Balance Sheet Information (Property, Plant And Equipment, net) (Details) - USD ($) $ in Millions	Mar. 27, 2016	Sep. 27, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 10,090.7	$ 9,641.8
Accumulated depreciation	(5,843.8)	(5,553.5)
Property, plant and equipment, net	4,246.9	4,088.3
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	46.6	46.6
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	428.7	411.5
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,594.0	5,409.6
Store Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,834.3	1,707.5
Roasting Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	562.4	542.4
Furniture, Fixtures and Other [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,311.7	1,281.7
Work in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 313.0	$ 242.5

XML

Supplemental Balance Sheet Information (Accrued Liabilities) (Details) - USD ($) $ in Millions	Mar. 27, 2016	Sep. 27, 2015
Balance Sheet Related Disclosures [Abstract]
Accrued compensation and related costs	$ 474.0	$ 522.3
Accrued occupancy costs	145.0	137.2
Accrued taxes	184.8	259.0
Accrued dividends payable	292.9	297.0
Other	599.0	539.8
Total accrued liabilities	$ 1,695.7	$ 1,755.3

XML

Debt Debt (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	6 Months Ended
	Feb. 29, 2016	Mar. 27, 2016	Mar. 27, 2016	Sep. 27, 2015
Debt Instrument [Line Items]
Long-term debt covenant compliance		The indentures under which the above notes were issued also require us to maintain compliance with certain covenants, including limits on future liens and sale and leaseback transactions on certain material properties. As of March 27, 2016, we were in compliance with all applicable covenants.
Commercial Paper [Member]
Short-term Debt [Line Items]
Maximum allowable amount under Commercial Paper Program		$ 1,000.0	$ 1,000.0
Outstanding commercial paper		$ 149.1	$ 149.1
Weighted average interest rate on short-term debt		0.60%	0.60%
Maximum [Member] | Commercial Paper [Member]
Short-term Debt [Line Items]
Maximum allowable maturity period of credit under Commercial Paper Program			397 days
Two Point One Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	Feb. 04, 2016
Debt Instrument, Face Value		$ 500.0	$ 500.0	$ 0.0
Stated Interest Rate		2.10%	2.10%
Debt Instrument, Maturity	Feb. 04, 2021

XML

Debt (Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values) (Details) - USD ($) $ in Millions		Mar. 27, 2016	Sep. 27, 2015
Debt Instrument [Line Items]
Total, Face Value		$ 2,850.0	$ 2,350.0
Aggregate unamortized discount		2.6	2.5
Total, Carrying Value, net of aggregate unamortized discount		2,847.4	2,347.5
Total, Estimated Fair Value		2,970.0	2,402.0
Point Eight Seven Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value		$ 400.0	400.0
Stated Interest Rate		0.875%
Effective Interest Rate	[1]	0.941%
Two Point Zero Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value		$ 350.0	350.0
Stated Interest Rate		2.00%
Effective Interest Rate	[1]	2.012%
Two Point One Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value		$ 500.0	0.0
Stated Interest Rate		2.10%
Effective Interest Rate	[1]	2.293%
Two Point Seven Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value		$ 500.0	500.0
Stated Interest Rate		2.70%
Effective Interest Rate	[1]	2.819%
Three Point Eight Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value		$ 750.0	750.0
Stated Interest Rate		3.85%
Effective Interest Rate	[1]	2.86%
Four Point Three Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Value		$ 350.0	350.0
Stated Interest Rate		4.30%
Effective Interest Rate	[1]	4.348%
Fair Value, Inputs, Level 2 [Member] | Point Eight Seven Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Estimated Fair Value		$ 400.0	400.0
Fair Value, Inputs, Level 2 [Member] | Two Point Zero Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Estimated Fair Value		356.0	354.0
Fair Value, Inputs, Level 2 [Member] | Two Point One Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Estimated Fair Value		506.0	0.0
Fair Value, Inputs, Level 2 [Member] | Two Point Seven Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Estimated Fair Value		510.0	503.0
Fair Value, Inputs, Level 2 [Member] | Three Point Eight Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Estimated Fair Value		814.0	790.0
Fair Value, Inputs, Level 2 [Member] | Four Point Three Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Estimated Fair Value		$ 384.0	$ 355.0

[1] Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.

XML

Debt Debt (Summary of long-term debt maturities) (Details) - USD ($) $ in Millions	Mar. 27, 2016	Sep. 27, 2015
Debt Disclosure [Abstract]
2016	$ 0.0
2017	400.0
2018	0.0
2019	350.0
2020	0.0
Thereafter	2,100.0
Total	$ 2,850.0	$ 2,350.0

XML

Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Mar. 27, 2016	Mar. 27, 2016	Mar. 29, 2015	Apr. 21, 2016	Sep. 27, 2015
Equity [Abstract]
Authorized shares of common stock	2,400,000,000	2,400,000,000			2,400,000,000
Par value of common stock	$ 0.001	$ 0.001			$ 0.001
Authorized shares of preferred stock	7,500,000	7,500,000
Outstanding shares of preferred stock	0	0
Shares of common stock repurchased		27,500,000	8,600,000
Total cost of common stock repurchased		$ 1,584.5	$ 342.4
Shares available for repurchase	25,200,000	25,200,000
Stock Repurchase Program, Additional Number of Shares Authorized to be Repurchased				100,000,000
Cash dividend declared to shareholders	$ 0.20	$ 0.20
Dividends payable, payment date	May 20, 2016
Dividends payable, record date	May 05, 2016

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Equity (Changes In Total Equity) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Mar. 27, 2016	Mar. 29, 2015
Beginning balance of total equity			$ 5,819.8	$ 5,273.7
Net earnings including noncontrolling interests	$ 575.0	$ 495.6	1,262.6	1,480.4
Translation adjustment, net of reclassifications and tax			36.6	(141.4)
Unrealized gains/(losses), net of reclassifications and tax			(26.4)	(0.8)
Other comprehensive income/(loss)	35.9	11.9	10.2	(142.2)
Stock-based compensation expense			109.5	105.2
Exercise of stock options/vesting of RSUs			59.7	104.6
Sale of common stock			6.9	11.3
Repurchase of common stock			(1,584.5)	(342.4)
Cash dividends declared			(587.8)	(479.9)
Noncontrolling interest resulting from acquisition			0.0	411.1
Purchase of noncontrolling interests			0.0	411.1
Ending balance of total equity	5,096.4	6,010.7	5,096.4	6,010.7
Parent [Member]
Beginning balance of total equity			5,818.0	5,272.0
Net earnings including noncontrolling interests			1,262.6	1,478.3
Translation adjustment, net of reclassifications and tax			36.6	(110.3)
Unrealized gains/(losses), net of reclassifications and tax			(26.4)	(0.8)
Other comprehensive income/(loss)	35.9	11.9	10.2	(111.1)
Stock-based compensation expense			109.5	105.2
Exercise of stock options/vesting of RSUs			59.7	104.6
Sale of common stock			6.9	11.3
Repurchase of common stock			(1,584.5)	(342.4)
Cash dividends declared			(587.8)	(479.9)
Noncontrolling interest resulting from acquisition			0.0	0.0
Purchase of noncontrolling interests			0.0	29.3
Ending balance of total equity	5,094.6	6,008.7	5,094.6	6,008.7
Noncontrolling Interest [Member]
Beginning balance of total equity			1.8	1.7
Net earnings including noncontrolling interests			0.0	2.1
Translation adjustment, net of reclassifications and tax			0.0	(31.1)
Unrealized gains/(losses), net of reclassifications and tax			0.0	0.0
Other comprehensive income/(loss)			0.0	(31.1)
Stock-based compensation expense			0.0	0.0
Exercise of stock options/vesting of RSUs			0.0	0.0
Sale of common stock			0.0	0.0
Repurchase of common stock			0.0	0.0
Cash dividends declared			0.0	0.0
Noncontrolling interest resulting from acquisition			0.0	411.1
Purchase of noncontrolling interests			0.0	381.8
Ending balance of total equity	$ 1.8	$ 2.0	$ 1.8	$ 2.0

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Equity (Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Mar. 27, 2016	Mar. 29, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net gains/(losses) in AOCI at beginning of period			$ (199.4)
Other comprehensive income/(loss)	$ 35.9	$ 11.9	10.2	$ (142.2)
Net gains/(losses) in AOCI at end of period	(189.2)		(189.2)
Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net gains/(losses) in AOCI at beginning of period	(225.1)	(97.0)	(199.4)	25.3
Net gains/(losses) recognized in OCI before reclassifications	12.7	8.3	(8.0)	(72.1)
Net (gains)/losses reclassified from AOCI to earnings	23.2	3.6	18.2	(39.0)
Other comprehensive income/(loss)	35.9	11.9	10.2	(111.1)
Purchase of noncontrolling interests		(31.8)		(31.1)
Net gains/(losses) in AOCI at end of period	(189.2)	(116.9)	(189.2)	(116.9)
Available-for-sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net gains/(losses) in AOCI at beginning of period	0.8	(0.9)	(0.1)	(0.4)
Net gains/(losses) recognized in OCI before reclassifications	2.4	1.7	3.0	1.3
Net (gains)/losses reclassified from AOCI to earnings	(0.3)	(0.4)	0.0	(0.5)
Other comprehensive income/(loss)	2.1	1.3	3.0	0.8
Purchase of noncontrolling interests		0.0		0.0
Net gains/(losses) in AOCI at end of period	2.9	0.4	2.9	0.4
Cash Flow Hedging [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net gains/(losses) in AOCI at beginning of period	23.4	32.9	25.6	46.3
Net gains/(losses) recognized in OCI before reclassifications	(50.7)	9.7	(47.6)	48.5
Net (gains)/losses reclassified from AOCI to earnings	23.5	4.0	18.2	(48.2)
Other comprehensive income/(loss)	(27.2)	13.7	(29.4)	0.3
Purchase of noncontrolling interests		0.0		0.0
Net gains/(losses) in AOCI at end of period	(3.8)	46.6	(3.8)	46.6
Net Investment Hedging [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net gains/(losses) in AOCI at beginning of period	1.3	1.3	1.3	3.2
Net gains/(losses) recognized in OCI before reclassifications	0.0	0.0	0.0	2.7
Net (gains)/losses reclassified from AOCI to earnings	0.0	0.0	0.0	(4.6)
Other comprehensive income/(loss)	0.0	0.0	0.0	(1.9)
Purchase of noncontrolling interests		0.0		0.0
Net gains/(losses) in AOCI at end of period	1.3	1.3	1.3	1.3
Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net gains/(losses) in AOCI at beginning of period	(250.6)	(130.3)	(226.2)	(23.8)
Net gains/(losses) recognized in OCI before reclassifications	61.0	(3.1)	36.6	(124.6)
Net (gains)/losses reclassified from AOCI to earnings	0.0	0.0	0.0	14.3
Other comprehensive income/(loss)	61.0	(3.1)	36.6	(110.3)
Purchase of noncontrolling interests		(31.8)		(31.1)
Net gains/(losses) in AOCI at end of period	$ (189.6)	$ (165.2)	$ (189.6)	$ (165.2)

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Equity (Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings) (Details) - USD ($) $ in Millions		3 Months Ended			6 Months Ended
		Mar. 27, 2016	Mar. 29, 2015	Dec. 28, 2014	Mar. 27, 2016		Mar. 29, 2015	Sep. 28, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Interest expense		$ (18.3)	$ (16.9)		$ (34.8)		$ (33.2)
Amounts Reclassified from AOCI, Interest income and other, net		14.5	1.3		22.5		11.1
Amounts Reclassified from AOCI, Revenues		4,993.2	4,563.5		10,366.8		9,366.8
Amounts Reclassified from AOCI, Cost of sales including occupancy costs		(2,010.3)	(1,859.8)		(4,196.5)		(3,851.0)
Gain resulting from acquisition of joint venture		0.0	0.0		0.0		390.6
Amounts Reclassified from AOCI, Tax (expense)/benefit		(285.4)	(266.3)		(647.4)		(581.2)
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		(27.8)	(4.6)		(19.7)		55.0
Amounts Reclassified from AOCI, Tax (expense)/benefit		4.3	0.6		1.5		(16.5)
Amounts Reclassified from AOCI		(23.5)	(4.0)		(18.2)		38.5
Net Investment Hedging [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI		0.0	0.0		0.0		(4.6)
Net Investment Hedging [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain resulting from acquisition of joint venture					0.0	[1]	7.2
Translation Adjustment [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI		0.0	0.0		0.0		14.3
Translation Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Interest income and other, net	[2]				0.0		(7.1)
Gain resulting from acquisition of joint venture	[2]				0.0		(7.2)
Interest Rate Contract [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Interest expense		1.3	1.3		2.8		2.6
Cross-Currency Swap [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Interest income and other, net		(36.4)	(10.6)		(38.2)		52.5
Foreign Currency Contract - Other [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Revenues		2.3	3.4		5.4		5.9
Foreign Currency and Coffee Contracts [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Cost of sales including occupancy costs		$ 5.0	$ 1.3		$ 10.3		$ 1.1
Starbucks Coffee Japan Ltd Member
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Gain resulting from acquisition of joint venture				$ 390.6
Preexisting ownership percentage in Starbucks Japan								39.50%

[1] Release of pretax cumulative net gains in AOCI related to our net investment derivative instruments used to hedge our preexisting 39.5% equity method investment in Starbucks Japan.

[2] Release of cumulative translation adjustments to earnings upon sale or liquidation of foreign business.

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Employee Stock Plans (Narrative) (Details) shares in Millions	Mar. 27, 2016 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	85.7
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	14.1

XML

Employee Stock Plans (Stock-Based Compensation Expense Recognized in Consolidated Statement of Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Mar. 27, 2016	Mar. 29, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 51.3	$ 52.3	$ 108.6	$ 104.2
Stock Options [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	7.5	8.1	23.0	20.6
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 43.8	$ 44.2	$ 85.6	$ 83.6

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Employee Stock Plans (Stock Option and RSU Transactions) (Details) shares in Millions, $ in Millions	6 Months Ended
	Mar. 27, 2016 USD ($) shares
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, September 27, 2015	33.6
Granted, Stock Options	5.6
Options exercised, Stock Options	(3.6)
Forfeited/expired, Stock Options	(1.2)
Options outstanding, March 27, 2016	34.4
Total unrecognized stock-based compensation expense, net of estimated forfeitures, Stock Options | $	$ 53.9
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested RSUs, September 27, 2015	10.7
Granted, RSUs	3.9
RSUs vested, RSUs	(4.7)
Forfeited/expired, RSUs	(1.0)
Nonvested RSUs, March 27, 2016	8.9
Total unrecognized stock-based compensation expense, net of estimated forfeitures, RSUs | $	$ 196.6

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Earnings Per Share (Narrative) (Details) - shares shares in Millions	6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Out-of-the-money stock options	5.2	0.1

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Earnings Per Share (Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Mar. 27, 2016	Mar. 29, 2015
Earnings Per Share [Abstract]
Net earnings attributable to Starbucks	$ 575.1	$ 494.9	$ 1,262.6	$ 1,478.3
Weighted average common shares outstanding (for basic calculation)	1,472.1	1,500.5	1,479.0	1,499.7
Dilutive effect of outstanding common stock options and RSUs	14.5	16.0	16.0	17.0
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,486.6	1,516.5	1,495.0	1,516.7
EPS - basic	$ 0.39	$ 0.33	$ 0.85	$ 0.99
EPS - diluted	$ 0.39	$ 0.33	$ 0.84	$ 0.97

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Segment Reporting (Financial Information For Reportable Operating Segments And All Other Segments) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Mar. 27, 2016	Mar. 29, 2015
Segment Reporting Information [Line Items]
Total net revenues	$ 4,993.2	$ 4,563.5	$ 10,366.8	$ 9,366.8
Depreciation and amortization expenses	247.8	217.1	483.3	423.1
Income from equity investees	65.6	54.9	129.7	107.7
Operating income/(loss)	864.2	777.5	1,922.3	1,693.1
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	4,993.2	4,563.5	10,366.8	9,366.8
Depreciation and amortization expenses	210.5	182.8	409.2	356.5
Income from equity investees	65.6	54.9	129.7	107.7
Operating income/(loss)	1,131.7	1,003.2	2,440.5	2,146.5
Operating Segments [Member] | Americas [Member]
Segment Reporting Information [Line Items]
Total net revenues	3,455.6	3,128.0	7,181.8	6,494.9
Depreciation and amortization expenses	151.7	128.6	292.5	255.7
Income from equity investees	0.0	0.0	0.0	0.0
Operating income/(loss)	812.0	709.6	1,746.5	1,527.1
Operating Segments [Member] | China/Asia Pacific [Member]
Segment Reporting Information [Line Items]
Total net revenues	677.9	595.2	1,331.4	1,091.0
Depreciation and amortization expenses	44.0	37.0	86.1	65.1
Income from equity investees	32.7	25.5	63.9	58.2
Operating income/(loss)	129.3	112.4	256.1	220.6
Operating Segments [Member] | EMEA [Member]
Segment Reporting Information [Line Items]
Total net revenues	268.3	280.3	581.4	613.7
Depreciation and amortization expenses	10.7	12.7	22.2	26.5
Income from equity investees	0.3	1.0	1.5	1.2
Operating income/(loss)	27.6	29.2	75.8	79.1
Operating Segments [Member] | Channel Development [Member]
Segment Reporting Information [Line Items]
Total net revenues	461.2	428.0	973.3	870.5
Depreciation and amortization expenses	0.7	0.6	1.4	1.3
Income from equity investees	32.6	28.4	64.3	48.3
Operating income/(loss)	182.0	156.1	375.2	313.3
Operating Segments [Member] | All Other Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	130.2	132.0	298.9	296.7
Depreciation and amortization expenses	3.4	3.9	7.0	7.9
Income from equity investees	0.0	0.0	0.0	0.0
Operating income/(loss)	$ (19.2)	$ (4.1)	$ (13.1)	$ 6.4

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Segment Reporting (Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 27, 2016	Mar. 29, 2015	Mar. 27, 2016	Mar. 29, 2015
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income/(loss)	$ 864.2	$ 777.5	$ 1,922.3	$ 1,693.1
Gain resulting from acquisition of joint venture	0.0	0.0	0.0	390.6
Interest income and other, net	14.5	1.3	22.5	11.1
Interest expense	(18.3)	(16.9)	(34.8)	(33.2)
Earnings before income taxes	860.4	761.9	1,910.0	2,061.6
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income/(loss)	1,131.7	1,003.2	2,440.5	2,146.5
Corporate, Non-Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating income/(loss)	$ (267.5)	$ (225.7)	$ (518.2)	$ (453.4)