Segment Reporting

3 Months Ended

Dec. 27, 2020

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Segment information is prepared on the same basis that our ceo, who is our Chief Operating Decision Maker, manages the segments, evaluates financial results and makes key operating decisions.

Consolidated revenue mix by product type(1) (in millions):

	Quarter Ended
	Dec 27, 2020				Dec 29, 2019
Beverage(2)	$	4,251.9	63	%	$	4,260.9	60	%
Food(3)	1,140.8		17	%	1,162.1		16	%
Other(4)	1,356.7		20	%	1,674.1		24	%
Total	$	6,749.4	100	%	$	7,097.1	100	%

(1)Certain prior period amounts have been reclassified to conform to current period 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, serveware, royalty and licensing revenues, beverage-related ingredients and ready-to-drink beverages, among other items.

The table below presents financial information for our reportable operating segments and Corporate and Other segment (in millions):

Quarter Ended

	Americas		International		Channel Development		Corporate and Other		Total
December 27, 2020
Total net revenues	$	4,703.2	$	1,654.3	$	371.4	$	20.5	$	6,749.4
Depreciation and amortization expenses	188.9		140.0		0.2		37.0		366.1
Income from equity investees	—		26.3		56.4		—		82.7
Operating income/(loss)	813.5		274.8		180.8		(355.6)		913.5
December 29, 2019
Total net revenues	$	5,010.9	$	1,571.1	$	494.6	$	20.5	$	7,097.1
Depreciation and amortization expenses	189.2		126.6		0.3		34.9		351.0
Income from equity investees	—		30.9		43.0		—		73.9
Operating income/(loss)	1,098.8		275.9		175.5		(330.4)		1,219.8