Segment Reporting

3 Months Ended

Jan. 02, 2022

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Segment information is prepared on the same basis that our chief executive officer, 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
	Jan 2, 2022				Dec 27, 2020
Beverage(1)	$	4,898.4	61	%	$	4,251.9	63	%
Food(2)	1,434.6		18	%	1,140.8		17	%
Other(3)	1,717.4		21	%	1,356.7		20	%
Total	$	8,050.4	100	%	$	6,749.4	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

	North America (1)		International (1)		Channel Development		Corporate and Other (1)		Total
January 2, 2022
Total net revenues	$	5,732.3	$	1,875.9	$	417.1	$	25.1	$	8,050.4
Depreciation and amortization expenses	200.0		133.1		—		32.9		366.0
Income from equity investees	—		0.7		39.6		—		40.3
Operating income/(loss)	1,083.1		299.6		183.2		(388.1)		1,177.8
December 27, 2020
Total net revenues	$	4,675.6	$	1,681.9	$	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)	802.8		283.0		180.8		(353.1)		913.5