Derivative Financial Instruments (Tables)

6 Months Ended

Apr. 03, 2022

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)
	Apr 3, 2022		Oct 3, 2021
Cash Flow Hedges:
Coffee	$	260.6	$	197.8	$	244.9	9
Cross-currency swaps	—		4.4		—		32
Dairy	3.7		(0.4)		3.7		11
Foreign currency - other	5.1		1.3		2.6		33
Interest rates	(17.7)		(44.8)		(1.1)		127
Net Investment Hedges:
Cross-currency swaps	43.5		37.9		—		90
Foreign currency	16.0		16.0		—		0
Foreign currency debt	43.5		(5.3)		—		24

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)
	Apr 3, 2022		Mar 28, 2021		Apr 3, 2022		Mar 28, 2021
Cash Flow Hedges:
Coffee	$	24.0	$	5.7	$	17.8	$	(3.4)	Product and distribution costs
Cross-currency swaps	4.9		13.8		(0.8)		0.6		Interest expense
					9.4		13.5		Interest income and other, net
Dairy	3.4		(0.9)		2.9		(0.6)		Product and distribution costs
Foreign currency - other	0.7		7.1		2.4		0.2		Licensed stores revenue
					(0.3)		(1.9)		Product and distribution costs
Interest rates	34.1		71.5		(0.5)		(0.5)		Interest expense
					—		(3.6)		Interest income and other, net
Net Investment Hedges:
Cross-currency swaps	(2.1)		6.1		3.5		3.4		Interest expense
Foreign currency debt	40.2		41.6		—		—
	Two Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Apr 3, 2022		Mar 28, 2021		Apr 3, 2022		Mar 28, 2021
Cash Flow Hedges:
Coffee	95.5		17.7		24.3		(2.7)		Product and distribution costs
Cross-currency swaps	9.4		10.4		(1.6)		1.6		Interest expense
					16.3		8.7		Interest income and other, net
Dairy	8.0		1.6		2.5		2.0		Product and distribution costs
Foreign currency - other	7.6		(18.8)		4.5		0.2		Licensed stores revenue
					(1.7)		(1.9)		Product and distribution costs
Interest rates	35.3		94.0		(0.9)		(1.1)		Interest expense
					—		(3.6)		Interest income and other, net
Net Investment Hedges:
Cross-currency swaps	14.2		(10.4)		6.9		6.6		Interest expense
Foreign currency debt	65.4		27.9		—		—

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				Two Quarters Ended
		Apr 3, 2022		Mar 28, 2021		Apr 3, 2022		Mar 28, 2021
Non-Designated Derivatives:
Dairy	Interest income and other, net	$	0.1	$	—	$	0.1	$	—
Foreign currency - other	Interest income and other, net	11.6		(0.8)		21.8		(1.7)
Coffee	Interest income and other, net	6.2		—		9.3		—
Diesel fuel and other commodities	Interest income and other, net	0.7		0.8		0.7		2.0
Fair Value Hedges:
Interest rate swap	Interest expense	(21.3)		(1.5)		(26.1)		(1.1)
Long-term debt (hedged item)	Interest expense	24.8		4.8		33.0		7.7

Notional Amounts of Outstanding Derivative Contracts

Notional amounts of outstanding derivative contracts (in millions):

	Apr 3, 2022		Oct 3, 2021
Coffee	$	917	$	481
Cross-currency swaps	773		806
Dairy	55		53
Diesel fuel and other commodities	24		10
Foreign currency - other	1,105		1,009
Interest rate swaps	1,600		1,250

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	Apr 3, 2022		Oct 3, 2021
Designated Derivative Instruments:
Coffee	Prepaid expenses and other current assets	$	35.4	$	130.5
Cross-currency swaps	Other long-term assets	68.8		54.7
Dairy	Prepaid expenses and other current assets	5.2		0.8
Foreign currency - other	Prepaid expenses and other current assets	12.6		8.9
	Other long-term assets	9.1		6.9
Interest rate swaps	Other long-term assets	35.7		22.7
Non-designated Derivative Instruments:
Coffee	Prepaid expenses and other current assets	2.3		—
Dairy	Prepaid expenses and other current assets	0.9		—
Diesel fuel and other commodities	Prepaid expenses and other current assets	1.6		0.1
Foreign currency	Prepaid expenses and other current assets	6.7		7.3
		Derivative Liabilities
	Balance Sheet Location	Apr 3, 2022		Oct 3, 2021
Designated Derivative Instruments:
Coffee	Accrued liabilities	$	23.4	$	—
Cross-currency swaps	Other long-term liabilities	0.7		3.3
Dairy	Accrued liabilities	1.4		0.9
Foreign currency - other	Accrued liabilities	7.4		7.4
	Other long-term liabilities	5.0		3.6
Interest rates	Other long-term liabilities	11.1		1.3
Non-designated Derivative Instruments:
Dairy	Accrued liabilities	0.2		0.2
Diesel fuel and other commodities	Accrued liabilities	1.0		—
Foreign currency	Accrued liabilities	1.6		0.1

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
	Apr 3, 2022		Oct 3, 2021		Apr 3, 2022		Oct 3, 2021
Location on the balance sheet
Long-term debt	$	1,088.6	$	771.7	$	(11.4)	$	21.7