Derivative Financial Instruments (Tables)

9 Months Ended

Jun. 27, 2021

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)
	Jun 27, 2021		Sep 27, 2020
Cash Flow Hedges:
Coffee	$	73.0	$	(2.5)	$	35.7	9
Cross-currency swaps	4.9		5.2		—		41
Dairy	(1.4)		0.5		(1.4)		8
Foreign currency - other	(11.7)		5.3		(7.3)		34
Interest rates	(35.5)		(90.6)		(1.3)		136
Net Investment Hedges:
Cross-currency swaps	32.8		32.6		—		99
Foreign currency	16.0		16.0		—		0
Foreign currency debt	(7.5)		(37.1)		—		33

Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings

Pre-tax gains and losses on derivative contracts and foreign currency-denominated long-term debt designated as hedging instruments recognized in other comprehensive income (“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)
	Jun 27, 2021		Jun 28, 2020		Jun 27, 2021		Jun 28, 2020
Cash Flow Hedges:
Coffee	$	62.8	$	(13.2)	$	(2.5)	$	—	Product and distribution costs
Cross-currency swaps	3.1		(1.0)		0.2		1.5		Interest expense
					3.4		(6.9)		Interest income and other, net
Dairy	(1.7)		8.6		0.5		4.1		Product and distribution costs
					—		(1.1)		Interest income and other, net(1)
Foreign currency - other	(5.1)		(14.5)		—		—		Licensed stores revenues
					(3.1)		(5.0)		Product and distribution costs
					—		3.9		Interest income and other, net(1)
Interest rates	(25.1)		(8.5)		(0.3)		(0.7)		Interest expense
					—		—		Interest income and other, net
Net Investment Hedges:
Cross-currency swaps	20.6		(7.3)		3.3		2.9		Interest expense
Foreign currency debt	11.8		(17.3)		—		—
(1)As a result of the global COVID-19 impacts, Starbucks discontinued cash flow hedges during the quarter ended June 28, 2020.
	Three Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Jun 27, 2021		Jun 28, 2020		Jun 27, 2021		Jun 28, 2020
Cash Flow Hedges:
Coffee	80.5		(14.3)		(5.2)		—		Product and distribution costs
Cross-currency swaps	13.5		8.1		1.8		0.9		Interest expense
					12.1		(1.1)		Interest income and other, net
Dairy	(0.1)		3.6		2.5		4.8		Product and distribution costs
					—		(1.7)		Interest income and other, net(1)
Foreign currency - other	(23.9)		7.6		0.2		4.0		Licensed stores revenues
					(5.0)		(7.7)		Product and distribution costs
					—		6.1		Interest income and other, net(1)
Interest rates	68.9		(129.1)		(1.4)		0.6		Interest expense
					(3.6)		—		Interest income and other, net
Net Investment Hedges:
Cross-currency swaps	10.2		61.4		9.9		10.1		Interest expense
Foreign currency debt	39.7		(4.7)		—		—
(1)As a result of the global COVID-19 impacts, Starbucks discontinued cash flow hedges during the quarters ended March 29, 2020 and June 28, 2020.

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

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

		Gains/(Losses) Recognized in Earnings
	Location of gain/(loss) recognized in earnings	Quarter Ended				Three Quarters Ended
		Jun 27, 2021		Jun 28, 2020		Jun 27, 2021		Jun 28, 2020
Non-Designated Derivatives:
Dairy	Interest income and other, net	$	—	$	(1.7)	$	—	$	(1.6)
Diesel fuel and other commodities	Interest income and other, net	0.7		(0.8)		2.7		(8.7)
Foreign currency - other	Interest income and other, net	4.5		(5.0)		2.8		3.3
Fair Value Hedges:
Interest rate swap	Interest expense	(0.3)		3.9		(1.4)		28.3
Long-term debt (hedged item)	Interest expense	3.6		(3.1)		11.3		(26.4)

Notional Amounts of Outstanding Derivative Contracts

Notional amounts of outstanding derivative contracts (in millions):

	Jun 27, 2021		Sep 27, 2020
Coffee	$	463	$	63
Cross-currency swaps	822		870
Dairy	39		61
Diesel fuel and other commodities	13		5
Foreign currency - other	1,129		1,140
Interest rate swap	1,750		1,750

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	Jun 27, 2021		Sep 27, 2020
Designated Derivative Instruments:
Coffee	Prepaid expenses and other current assets	$	63.0	$	2.6
Cross-currency swaps	Other long-term assets	48.0		37.7
Dairy	Prepaid expenses and other current assets	0.3		2.1
Foreign currency - other	Prepaid expenses and other current assets	7.2		8.6
	Other long-term assets	5.1		3.8
Interest rates	Other long-term assets	2.9		—
Interest rate swap	Other long-term assets	27.6		45.8
Non-designated Derivative Instruments:
Dairy	Prepaid expenses and other current assets	0.1		—
Diesel fuel and other commodities	Prepaid expenses and other current assets	0.5		—
Foreign currency	Prepaid expenses and other current assets	5.7		2.3
		Derivative Liabilities
	Balance Sheet Location	Jun 27, 2021		Sep 27, 2020
Designated Derivative Instruments:
Coffee	Accrued liabilities	$	—	$	1.4
	Other long-term liabilities	—		0.1
Cross-currency swaps	Other long-term liabilities	3.7		7.3
Dairy	Accrued liabilities	2.1		1.4
Foreign currency - other	Accrued liabilities	14.5		1.6
	Other long-term liabilities	9.5		2.6
Interest rates	Other long-term liabilities	3.3		69.3
Non-designated Derivative Instruments:
Dairy	Accrued liabilities	0.3		—
Diesel fuel and other commodities	Accrued liabilities	—		1.7
Foreign currency	Accrued liabilities	0.7		1.2

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following amounts were recorded on the consolidated balance sheets related to fixed-to-floating interest rate swaps designated in fair value hedging relationships:

	Carrying amount of hedged item				Cumulative amount of fair value hedging adjustment included in the carrying amount
	Jun 27, 2021		Sep 27, 2020		Jun 27, 2021		Sep 27, 2020
Location on the balance sheet
Long-term debt	$	774.4	$	785.6	$	24.4	$	35.6