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Inventories
12 Months Ended
Oct. 03, 2021
Inventory Disclosure [Abstract]  
Inventory Disclosure Inventories (in millions)
Oct 3, 2021Sep 27, 2020
Coffee:
Unroasted$670.3 $664.7 
Roasted233.5 223.5 
Other merchandise held for sale329.3 293.9 
Packaging and other supplies370.8 369.3 
Total$1,603.9 $1,551.4 
Other merchandise held for sale includes, among other items, serveware, food and tea. Inventory levels vary due to seasonality, commodity market supply and price fluctuations.
As of October 3, 2021, we had committed to purchasing green coffee totaling $599 million under fixed-price contracts and an estimated $1,126 million under price-to-be-fixed contracts. A portion of our price-to-be-fixed contacts are effectively fixed through the use of futures. See Note 3, Derivative Financial Instruments for further discussion. Price-to-be-fixed contracts are purchase commitments whereby the quality, quantity, delivery period and other negotiated terms are agreed upon, but the date, and therefore the price, at which the base “C” coffee commodity price component will be fixed has not yet been established. For most contracts, either Starbucks or the seller has the option to “fix” the base “C” coffee commodity price prior to the delivery date. For other contracts, Starbucks and the seller may agree upon pricing parameters determined by the base “C” coffee commodity price. Until prices are fixed, we estimate the total cost of these purchase commitments. We believe, based on relationships established with our suppliers in the past and continuous monitoring of the business environment, the risk of non-delivery on these purchase commitments is remote.
During fiscal 2020, we wrote off approximately $50 million of inventory that was expiring or expected to expire due to COVID-19 related store closures, primarily perishable food and beverage ingredients located at our stores, distribution centers and suppliers. This was included in product and distribution costs on our consolidated statement of earnings. We did not record significant write-offs related to COVID-19 during the fiscal year ended October 3, 2021.