Derivative Financial Instruments (Tables)

3 Months Ended

Dec. 29, 2019

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 and foreign currency-denominated debt 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/Debt Remaining Maturity (Months)
	Dec 29, 2019		Sep 29, 2019
Cash Flow Hedges:
Interest rates	$	17.8	$	0.5	$	2.5	154
Cross-currency swaps	(0.8)		(1.4)		—		59
Foreign currency - other	8.1		12.9		4.7		36
Coffee	8.6		(1.0)		6.5		24
Dairy	—		—		—		4
Net Investment Hedges:
Foreign currency	16.0		16.0		—		0
Cross-currency swaps	5.6		—		—		117
Foreign currency debt	(13.9)		(26.1)		—		51

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 and foreign currency-denominated long-term debt designated as hedging instruments recognized in OCI and reclassifications from AOCI to earnings (in millions):

	Quarter Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Dec 29, 2019		Dec 30, 2018		Dec 29, 2019		Dec 30, 2018
Cash Flow Hedges:
Interest rates	$	20.0	$	(15.7)	$	0.8	$	1.4	Interest expense
Cross-currency swaps	6.2		(8.0)		(0.2)		(0.4)		Interest expense
					5.6		(11.3)		Interest income and other, net
Foreign currency - other	(4.7)		14.6		1.7		1.4		Licensed stores revenues
					(0.3)		0.5		Cost of sales
Coffee	11.0		—		—		(0.2)		Cost of sales
Dairy	(0.1)		—		—		—
Net Investment Hedges:
Cross-currency swaps	10.7		—		3.3		—		Interest expense
Foreign currency debt	13.0		(21.9)		—		—

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

Pretax gains and losses on non-designated derivatives and designated fair value hedging instruments and the related hedged item recognized in earnings (in millions):

		Gains/(Losses) Recognized in Earnings
	Location of gain/(loss) recognized in earnings	Quarter Ended
		Dec 29, 2019		Dec 30, 2018
Non-Designated Derivatives:
Foreign currency - other	Interest income and other, net	$	3.4	$	(7.9)
Dairy	Interest income and other, net	—		(2.1)
Diesel fuel and other commodities	Interest income and other, net	0.9		(6.6)
Fair Value Hedges:
Interest rate swap	Interest expense	(10.9)		16.1
Long-term debt (hedged item)	Interest expense	4.2		(16.9)

Notional Amounts of Outstanding Derivative Contracts

Notional amounts of outstanding derivative contracts (in millions):

	Dec 29, 2019		Sep 29, 2019
Interest rate swap	$	1,500	$	1,500
Cross-currency swaps	1,021		341
Foreign currency - other	1,140		1,125
Coffee	43		52
Dairy	3		1
Diesel fuel and other commodities	15		17

Fair Value of Outstanding Derivative Contracts

Fair value of outstanding derivative contracts (in millions) including the location of the asset and/or liability on the consolidated balance sheets:

		Derivative Assets
	Balance Sheet Location	Dec 29, 2019		Sep 29, 2019
Designated Derivative Instruments:
Interest rates	Other long-term assets	$	17.5	$	0.1
Cross-currency swaps	Other long-term assets	12.0		0.2
Foreign currency - other	Prepaid expenses and other current assets	8.9		11.4
	Other long-term assets	5.7		7.8
Coffee	Prepaid expenses and other current assets	9.8		—
	Other long-term assets	0.1		—
Interest rate swap	Other long-term assets	7.3		18.2
Non-designated Derivative Instruments:
Foreign currency	Prepaid expenses and other current assets	3.5		1.0
Diesel fuel and other commodities	Prepaid expenses and other current assets	1.0		0.2
		Derivative Liabilities
	Balance Sheet Location	Dec 29, 2019		Sep 29, 2019
Designated Derivative Instruments:
Interest rates	Other long-term liabilities	$	—	$	2.6
Cross-currency swaps	Other long-term liabilities	7.4		9.7
Foreign currency - other	Accrued liabilities	1.7		0.6
	Other long-term liabilities	1.1		0.1
Coffee	Accrued liabilities	—		1.0
	Other long-term liabilities	—		0.1
Non-designated Derivative Instruments:
Foreign currency	Accrued liabilities	1.6		3.0
Diesel fuel and other commodities	Accrued liabilities	0.1		1.1