Segment Reporting

Our chief executive officer and executive chairman 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⁽¹⁾		Channel Development		All Other Segments⁽¹⁾			Segment Total
July 2, 2017
Total net revenues	$	3,991.9	$	840.6	$	249.9	$	478.7	$	100.4		$	5,661.5
Depreciation and amortization expenses	152.8		51.0		7.7		0.5		3.0			215.0
Income from equity investees	—		51.8		—		49.2		—			101.0
Operating income/(loss)	974.8		223.8		9.8		210.2		(112.3		)	1,306.3

June 26, 2016
Total net revenues	$	3,645.5	$	768.2	$	273.4	$	440.8	$	110.1		$	5,238.0
Depreciation and amortization expenses	149.2		45.7		10.3		0.7		3.1			209.0
Income from equity investees	—		40.2		—		42.3		—			82.5
Operating income/(loss)	898.5		182.8		29.9		187.8		(14.9		)	1,284.1

Three Quarters Ended



	Americas		China/ Asia Pacific		EMEA⁽¹⁾		Channel Development		All Other Segments⁽¹⁾			Segment Total
July 2, 2017
Total net revenues	$	11,703.7	$	2,380.3	$	743.9	$	1,493.6	$	367.0		$	16,688.5
Depreciation and amortization expenses	460.6		148.9		22.9		1.7		9.3			643.4
Income from equity investees	—		138.4		—		131.1		—			269.5
Operating income/(loss)	2,759.4		563.2		81.5		646.5		(127.9		)	3,922.7

June 26, 2016
Total net revenues	$	10,827.2	$	2,099.6	$	854.7	$	1,414.0	$	409.2		$	15,604.7
Depreciation and amortization expenses	441.6		131.7		32.4		2.1		10.1			617.9
Income from equity investees	—		104.3		1.5		106.5		—			212.3
Operating income/(loss)	2,645.1		439.2		105.8		563.0		(28.1		)	3,725.0

⁽¹⁾During the quarter and three quarters ended July 2, 2017, EMEA and All Other Segments operating income/(loss) included impairment charges of $17.9 million and $102.3 million, respectively, associated with our Starbucks Coffee Switzerland and Teavana reporting units. Refer to Note 4, Fair Value Measurements, for additional information.

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



	Quarter Ended						Three Quarters Ended
	Jul 2, 2017			Jun 26, 2016			Jul 2, 2017			Jun 26, 2016
Total segment operating income	$	1,306.3		$	1,284.1		$	3,922.7		$	3,725.0
Unallocated corporate operating expenses	(262.1		)	(261.8		)	(810.6		)	(780.5		)
Consolidated operating income	1,044.2			1,022.3			3,112.1			2,944.5
Interest income and other, net	31.7			72.9			123.7			95.5
Interest expense	(23.5		)	(21.8		)	(70.2		)	(56.6		)
Earnings before income taxes	$	1,052.4		$	1,073.4		$	3,165.6		$	2,983.4