Segment Reporting

6 Months Ended

Apr. 03, 2022

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Segment information is prepared on the same basis that our interim 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								Two Quarters Ended
	Apr 3, 2022				Mar 28, 2021				Apr 3, 2022				Mar 28, 2021
Beverage(1)	$	4,599.0	60	%	$	4,212.8	63	%	$	9,497.4	60	%	$	8,464.5	63	%
Food(2)	1,364.3		18	%	1,131.4		17	%	2,798.9		18	%	2,272.0		17	%
Other(3)	1,672.3		22	%	1,323.8		20	%	3,389.7		22	%	2,681.0		20	%
Total	$	7,635.6	100	%	$	6,668.0	100	%	$	15,686.0	100	%	$	13,417.5	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 tables below present 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
April 3, 2022
Total net revenues	$	5,445.7	$	1,702.4	$	463.1	$	24.4	$	7,635.6
Depreciation and amortization expenses	202.0		133.4		—		32.3		367.7
Income from equity investees	—		0.6		48.5		—		49.1
Operating income/(loss)	931.5		180.7		197.9		(361.2)		948.9
March 28, 2021
Total net revenues	$	4,638.5	$	1,637.0	$	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)	896.4		258.1		172.6		(339.5)		987.6
Two Quarters Ended
	North America		International		Channel Development		Corporate and Other		Total
April 3, 2022
Total net revenues	$	11,178.0	$	3,578.4	$	880.1	$	49.5	$	15,686.0
Depreciation and amortization expenses	402.1		266.5		—		65.2		733.8
Income from equity investees	—		1.3		88.1		—		89.4
Operating income/(loss)	2,014.6		480.3		381.1		(749.3)		2,126.7
March 28, 2021
Total net revenues	$	9,314.2	$	3,319.0	$	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)	1,699.3		541.0		353.3		(692.4)		1,901.2

(1)North America and International total net revenues and operating income and Corporate and Other operating loss for the quarter and two quarters ended March 28, 2021, have been restated to conform with current period presentation.