Segment Reporting

6 Months Ended

Mar. 28, 2021

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								Two Quarters Ended
	Mar 28, 2021				Mar 29, 2020				Mar 28, 2021				Mar 29, 2020
Beverage(2)	$	4,212.8	63	%	$	3,530.9	59	%	$	8,464.5	63	%	$	7,789.4	59	%
Food(3)	1,131.4		17	%	968.7		16	%	2,272.0		17	%	2,128.4		16	%
Other(4)	1,323.8		20	%	1,496.1		25	%	2,681.0		20	%	3,175.0		25	%
Total	$	6,668.0	100	%	$	5,995.7	100	%	$	13,417.5	100	%	$	13,092.8	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, royalty and licensing revenues, serveware, 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
March 28, 2021
Total net revenues	$	4,664.6	$	1,610.9	$	369.9	$	22.6	$	6,668.0
Depreciation and amortization expenses	186.0		143.4		0.3		37.0		366.7
Income from equity investees	—		26.8		50.3		—		77.1
Operating income/(loss)	905.3		251.5		172.6		(341.8)		987.6
March 29, 2020
Total net revenues	$	4,330.0	$	1,134.6	$	519.1	$	12.0	$	5,995.7
Depreciation and amortization expenses	191.5		130.0		0.3		34.5		356.3
Income from equity investees	—		24.8		43.1		—		67.9
Operating income/(loss)	621.2		(15.4)		189.6		(308.0)		487.4
Two Quarters Ended
	Americas		International		Channel Development		Corporate and Other		Total
March 28, 2021
Total net revenues	$	9,367.9	$	3,265.3	$	741.2	$	43.1	$	13,417.5
Depreciation and amortization expenses	374.9		283.4		0.6		73.7		732.6
Income from equity investees	—		53.0		106.7		—		159.7
Operating income/(loss)	1,718.7		526.3		353.3		(697.1)		1,901.2
March 29, 2020
Total net revenues	$	9,340.9	$	2,705.7	$	1,013.7	$	32.5	$	13,092.8
Depreciation and amortization expenses	380.7		256.7		0.6		69.4		707.4
Income from equity investees	—		55.8		86.1		—		141.9
Operating income/(loss)	1,720.0		260.5		365.1		(638.4)		1,707.2