XML 35 R40.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Reporting (Tables)
 12 Months Ended
Sep. 29, 2019
Segment Reporting [Abstract]  
Consolidated Revenue Mix by Product Type
Channel Development revenues include packaged coffee sales, tea and ready-to-drink beverages to customers outside of our company-operated and licensed stores. Historically revenues have included domestic and international sales of our packaged coffee, tea and ready-to-drink products to grocery, warehouse club and specialty retail stores and through institutional foodservice companies which serviced businesses. Since the fourth quarter of fiscal 2018, most of our Channel Development revenues are from product sales to and royalty revenues from Nestlé. The collaborative business relationships for ready-to-drink products and the associated revenues remain unchanged due to the Global Coffee Alliance.
Consolidated revenue mix by product type (in millions):
Fiscal Year Ended
Sep 29, 2019
 
Sep 30, 2018
 
Oct 1, 2017
Beverage
$
15,921.2

 
60
%
 
$
14,463.1

 
59
%
 
$
12,915.0

 
58
%
Food
4,792.8

 
18
%
 
4,397.7

 
18
%
 
3,832.1

 
17
%
Packaged and single-serve coffees and teas
2,126.8

 
8
%
 
2,797.5

 
11
%
 
2,883.6

 
13
%
Other (1)
3,667.8

 
14
%
 
3,061.2

 
12
%
 
2,756.1

 
12
%
Total
$
26,508.6

 
100
%
 
$
24,719.5

 
100
%
 
$
22,386.8

 
100
%
(1) 
“Other” primarily consists of royalty and licensing revenues, beverage-related ingredients, serveware, and ready-to-drink beverages, among other items.
Information by geographic area
Information by geographic area (in millions):
Fiscal Year Ended
Sep 29, 2019
 
Sep 30, 2018
 
Oct 1, 2017
Net revenues:
 
 
 
 
 
United States
$
18,622.7

 
$
17,409.4

 
$
16,527.1

Other countries
7,885.9

 
7,310.1

 
5,859.7

Total
$
26,508.6

 
$
24,719.5

 
$
22,386.8

 
 
 
 
 
 
Long-lived assets:
 
 
 
 
 
United States
$
7,330.2

 
$
5,635.9

 
$
5,848.3

Other countries
6,235.5

 
6,026.3

 
3,234.0

Total
$
13,565.7

 
$
11,662.2

 
$
9,082.3
Financial Information for Reportable Operating Segments and All Other Segments
The table below presents financial information for our reportable operating segments and Corporate and Other segment for the years ended September 29, 2019, September 30, 2018 and October 1, 2017.
(in millions)
Americas
 
International
 
Channel
Development
 
Corporate and Other
 

Total
Fiscal 2019
 
 
 
 
 
 
 
 
 
Total net revenues
$
18,259.0

 
$
6,190.7

 
$
1,992.6

 
$
66.3

 
$
26,508.6

Depreciation and amortization expenses
696.1

 
511.5

 
13.0

 
156.7

 
1,377.3

Income from equity investees
—

 
102.4

 
195.6

 
—

 
298.0

Operating income/(loss)
3,782.8

 
964.7

 
697.5

 
(1,367.1
)
 
4,077.9

Total assets
$
4,446.7

 
$
6,724.6

 
$
132.2

 
$
7,916.1

 
$
19,219.6

 
 
 
 
 
 
 
 
 
 
Fiscal 2018
 
 
 
 
 
 
 
 
 
Total net revenues
$
16,748.6

 
$
5,551.2

 
$
2,297.3

 
$
122.4

 
$
24,719.5

Depreciation and amortization expenses
641.0

 
447.6

 
1.3

 
157.1

 
1,247.0

Income from equity investees
—

 
117.4

 
183.8

 
—

 
301.2

Operating income/(loss)
3,485.2

 
872.8

 
927.1

 
(1,401.8
)
 
3,883.3

Total assets
$
4,473.7

 
$
6,361.9

 
$
148.2

 
$
13,172.6

 
$
24,156.4

 
 
 
 
 
 
 
 
 
 
Fiscal 2017
 
 
 
 
 
 
 
 
 
Total net revenues
$
15,629.4

 
$
4,204.3

 
$
2,256.6

 
$
296.5

 
$
22,386.8

Depreciation and amortization expenses
616.1

 
233.2

 
3.0

 
159.1

 
1,011.4

Income from equity investees
—

 
197.0

 
194.4

 
—

 
391.4

Operating income/(loss)
3,577.2

 
835.6

 
967.0

 
(1,245.1
)
 
4,134.7

Total assets
$
3,374.9

 
$
3,117.1

 
$
129.1

 
$
7,744.5

 
$
14,365.6