Inventories

6 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories (in millions):

	Mar 31, 2019		Sep 30, 2018
Coffee:
Unroasted	$	648.9	$	588.6
Roasted	270.7		281.2
Other merchandise held for sale	248.3		273.1
Packaging and other supplies	275.1		257.6
Total	$	1,443.0	$	1,400.5

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

As of March 31, 2019, we had committed to purchasing green coffee totaling $1.0 billion under fixed-price contracts and an estimated $278 million under price-to-be-fixed contracts. As of March 31, 2019, none of our price-to-be-fixed contracts were effectively fixed through the use of futures contracts. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period, and other negotiated terms are agreed upon, but the date, and therefore the price, at which the base “C” coffee commodity price component will be fixed has not yet been established. For most contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. For other contracts, Starbucks and the seller may agree upon pricing parameters determined by the base “C” coffee commodity price. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on relationships established with our suppliers in the past, the risk of non-delivery on these purchase commitments is remote.