Segment Reporting (Tables)

12 Months Ended

Sep. 27, 2020

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(1) (in millions):


Fiscal Year Ended	Sep 27, 2020				Sep 29, 2019				Sep 30, 2018
Beverage(2)	$	14,337.5	61	%	$	15,921.2	60	%	$	14,463.1	59	%
Food(3)	3,799.2		16	%	4,336.3		16	%	3,986.5		16	%

Other(4)	5,381.3		23	%	6,251.1		24	%	6,269.9		25	%
Total	$	23,518.0	100	%	$	26,508.6	100	%	$	24,719.5	100	%

(1) Certain prior period amounts have been reclassified to conform to current year presentation.

(2) Beverage represents sales within our company-operated stores.

(3) Food includes sales within our company-operated stores.

(4) “Other” primarily consists of packaged and single-serve coffees and teas, 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 27, 2020		Sep 29, 2019		Sep 30, 2018
Net revenues:
United States	$	16,879.8	$	18,622.7	$	17,409.4
China	2,582.8		2,872.0		2,355.8
Other countries	4,055.4		5,013.9		4,954.3
Total	$	23,518.0	$	26,508.6	$	24,719.5

Long-lived assets:
United States	$	12,624.9	$	7,330.2	$	5,635.9
China	4,425.6		3,279.8		3,474.6
Other countries	4,517.6		2,955.7		2,551.7
Total	$	21,568.1	$	13,565.7	$	11,662.2

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 27, 2020, September 29, 2019 and September 30, 2018.


(in millions)	Americas		International		Channel Development		Corporate and Other		Total
Fiscal 2020
Total net revenues	$	16,379.2	$	5,147.6	$	1,925.0	$	66.2	$	23,518.0
Depreciation and amortization expenses	762.0		518.4		1.2		149.7		1,431.3
Income from equity investees	—		102.3		220.2		—		322.5
Operating income/(loss)	1,825.3		354.0		687.2		(1,304.8)		1,561.7
Total assets	$	10,717.4	$	9,449.7	$	165.0	$	9,042.4	$	29,374.5

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