Segment Reporting

9 Months Ended

Jun. 27, 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 (in millions):

	Quarter Ended								Three Quarters Ended
	Jun 27, 2021				Jun 28, 2020				Jun 27, 2021				Jun 28, 2020
Beverage(1)	$	4,753.1	63	%	$	2,628.8	62	%	$	13,222.6	63	%	$	10,429.1	60	%
Food(2)	1,311.2		18	%	629.2		15	%	3,578.2		17	%	2,760.6		16	%
Other(3)	1,432.2		19	%	964.1		23	%	4,113.1		20	%	4,125.2		24	%
Total	$	7,496.5	100	%	$	4,222.1	100	%	$	20,913.9	100	%	$	17,314.9	100	%

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

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

(3)“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
June 27, 2021
Total net revenues	$	5,400.3	$	1,658.4	$	414.0	$	23.8	$	7,496.5
Depreciation and amortization expenses	188.9		129.7		0.2		35.5		354.3
Income from equity investees	—		42.0		63.5		—		105.5
Operating income/(loss)	1,315.7		318.3		216.0		(361.3)		1,488.7
June 28, 2020
Total net revenues	$	2,805.5	$	949.6	$	447.3	$	19.7	$	4,222.1
Depreciation and amortization expenses	191.3		128.5		0.3		40.9		361.0
Income from equity investees	—		17.4		51.0		—		68.4
Operating income/(loss)	(404.9)		(86.0)		124.2		(337.2)		(703.9)
Three Quarters Ended
	Americas		International		Channel Development		Corporate and Other		Total
June 27, 2021
Total net revenues	$	14,768.1	$	4,923.7	$	1,155.3	$	66.8	$	20,913.9
Depreciation and amortization expenses	563.9		413.1		0.9		109.1		1,087.0
Income from equity investees	—		95.0		170.3		—		265.3
Operating income/(loss)	3,034.4		844.6		569.3		(1,058.4)		3,389.9
June 28, 2020
Total net revenues	$	12,146.3	$	3,655.3	$	1,461.0	$	52.3	$	17,314.9
Depreciation and amortization expenses	571.9		385.2		0.9		110.3		1,068.3
Income from equity investees	—		73.1		137.2		—		210.3
Operating income/(loss)	1,315.1		174.5		489.3		(975.5)		1,003.4