10-Q

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended July 3, 2022

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to            .

Commission File Number: 000-20322

Starbucks Corporation

(Exact Name of Registrant as Specified in its Charter)

Washington	91-1325671
(State or Other Jurisdiction of Incorporation or Organization)	(IRS Employer Identification No.)

2401 Utah Avenue South, Seattle, Washington 98134

(Address of principal executive offices)

(206) 447-1575

(Registrant’s Telephone Number, including Area Code)

Securities registered pursuant to Section 12(b) of the Act:

Title	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $0.001 per share	SBUX	Nasdaq Global Select Market

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No   ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨	Non-accelerated filer	¨	Smaller reporting company	☐
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act):    Yes    ☐  No  x 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Shares Outstanding as of July 27, 2022

1,147.4 million

Table of Contents

STARBUCKS CORPORATION

FORM 10-Q

For the Quarterly Period Ended July 3, 2022

Table of Contents

 

PART I. FINANCIAL INFORMATION
Item 1	Financial Statements (Unaudited)	3
	Consolidated Statements of Earnings	3
	Consolidated Statements of Comprehensive Income	4
	Consolidated Balance Sheets	5
	Consolidated Statements of Cash Flows	6
	Consolidated Statements of Equity	7
	Index for Notes to Consolidated Financial Statements	9
	Notes to Consolidated Financial Statements	10
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	30
Item 3	Quantitative and Qualitative Disclosures About Market Risk	42
Item 4	Controls and Procedures	42
PART II. OTHER INFORMATION
Item 1	Legal Proceedings	44
Item 1A	Risk Factors	44
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	44
Item 3	Defaults Upon Senior Securities	44
Item 4	Mine Safety Disclosures	44
Item 5	Other Information	44
Item 6	Exhibits	45
Signatures		46

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PART I — FINANCIAL INFORMATION

Item 1.Financial Statements

STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF EARNINGS

(in millions, except per share data)

(unaudited)

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Net revenues:
Company-operated stores	$	6,675.5	$	6,363.1	$	19,674.7	$	17,742.8
Licensed stores	956.8		680.2		2,657.0		1,889.0
Other	517.8		453.2		1,504.4		1,282.1
Total net revenues	8,150.1		7,496.5		23,836.1		20,913.9
Product and distribution costs	2,613.6		2,206.0		7,606.4		6,247.5
Store operating expenses	3,302.5		2,966.9		10,017.1		8,657.6
Other operating expenses	135.1		71.4		338.4		250.8
Depreciation and amortization expenses	356.8		354.3		1,090.5		1,087.0
General and administrative expenses	486.7		494.9		1,494.0		1,431.4
Restructuring and impairments	14.0		19.8		10.9		115.0
Total operating expenses	6,908.7		6,113.3		20,557.3		17,789.3
Income from equity investees	54.1		105.5		143.5		265.3
Operating income	1,295.5		1,488.7		3,422.3		3,389.9
Interest income and other, net	19.8		36.0		66.0		68.6
Interest expense	(123.1)		(113.4)		(357.6)		(349.2)
Earnings before income taxes	1,192.2		1,411.3		3,130.7		3,109.3
Income tax expense	278.5		257.1		725.9		673.6
Net earnings including noncontrolling interests	913.7		1,154.2		2,404.8		2,435.7
Net earnings attributable to noncontrolling interests	0.8		0.8		1.5		0.8
Net earnings attributable to Starbucks	$	912.9	$	1,153.4	$	2,403.3	$	2,434.9
Earnings per share - basic	$	0.80	$	0.98	$	2.08	$	2.07
Earnings per share - diluted	$	0.79	$	0.97	$	2.07	$	2.06
Weighted average shares outstanding:
Basic	1,147.0		1,178.5		1,155.3		1,177.0
Diluted	1,151.0		1,186.2		1,160.5		1,184.7

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions, unaudited)

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Net earnings including noncontrolling interests	$	913.7	$	1,154.2	$	2,404.8	$	2,435.7
Other comprehensive income/(loss), net of tax:
Unrealized holding gains/(losses) on available-for-sale debt securities	(2.1)		(0.1)		(16.0)		(3.1)
Tax (expense)/benefit	0.5		—		3.9		0.6
Unrealized gains/(losses) on cash flow hedging instruments	54.4		34.0		210.3		138.9
Tax (expense)/benefit	(13.4)		(1.1)		(39.5)		(27.9)
Unrealized gains/(losses) on net investment hedging instruments	109.2		32.4		188.8		49.9
Tax (expense)/benefit	(27.6)		(8.2)		(47.7)		(12.7)
Translation adjustment and other	(396.9)		40.2		(421.2)		195.5
Tax (expense)/benefit	—		—		—		2.2
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale debt securities, hedging instruments, and translation adjustment	(59.2)		(1.6)		(109.5)		(13.1)
Tax expense/(benefit)	9.8		1.0		18.7		4.6
Other comprehensive income/(loss)	(325.3)		96.6		(212.2)		334.9
Comprehensive income including noncontrolling interests	588.4		1,250.8		2,192.6		2,770.6
Comprehensive income attributable to noncontrolling interests	0.8		0.8		1.5		0.8
Comprehensive income attributable to Starbucks	$	587.6	$	1,250.0	$	2,191.1	$	2,769.8

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED BALANCE SHEETS

(in millions, except per share data)

(unaudited)

	Jul 3, 2022		Oct 3, 2021
ASSETS
Current assets:
Cash and cash equivalents	$	3,177.5	$	6,455.7
Short-term investments	76.9		162.2
Accounts receivable, net	1,146.1		940.0
Inventories	2,132.9		1,603.9
Prepaid expenses and other current assets	534.1		594.6
Total current assets	7,067.5		9,756.4
Long-term investments	292.5		281.7
Equity investments	302.7		268.5
Property, plant and equipment, net	6,408.2		6,369.5
Operating lease, right-of-use asset	8,037.1		8,236.0
Deferred income taxes, net	1,752.9		1,874.8
Other long-term assets	640.7		578.5
Other intangible assets	203.4		349.9
Goodwill	3,451.2		3,677.3
TOTAL ASSETS	$	28,156.2	$	31,392.6
LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT)
Current liabilities:
Accounts payable	$	1,489.8	$	1,211.6
Accrued liabilities	2,068.9		2,321.2
Accrued payroll and benefits	706.8		772.3
Current portion of operating lease liability	1,214.8		1,251.3
Stored value card liability and current portion of deferred revenue	1,723.0		1,596.1
Short-term debt	200.0		—
Current portion of long-term debt	999.1		998.9
Total current liabilities	8,402.4		8,151.4
Long-term debt	13,930.8		13,616.9
Operating lease liability	7,554.4		7,738.0
Deferred revenue	6,333.1		6,463.0
Other long-term liabilities	594.4		737.8
Total liabilities	36,815.1		36,707.1
Shareholders' deficit:
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,146.9 and 1,180.0 shares, respectively	1.1		1.2
Additional paid-in capital	117.1		846.1
Retained deficit	(8,719.7)		(6,315.7)
Accumulated other comprehensive income/(loss)	(65.0)		147.2
Total shareholders’ deficit	(8,666.5)		(5,321.2)
Noncontrolling interests	7.6		6.7
Total deficit	(8,658.9)		(5,314.5)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT)	$	28,156.2	$	31,392.6

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions, unaudited)

	Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021
OPERATING ACTIVITIES:
Net earnings including noncontrolling interests	$	2,404.8	$	2,435.7
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	1,169.0		1,146.2
Deferred income taxes, net	35.0		(113.2)
Income earned from equity method investees	(175.0)		(238.3)
Distributions received from equity method investees	145.9		226.7
Stock-based compensation	206.6		255.3
Non-cash lease costs	1,090.4		931.7
Loss on retirement and impairment of assets	89.6		204.7
Other	(44.7)		(6.8)
Cash provided by/(used in) changes in operating assets and liabilities:
Accounts receivable	(245.5)		(13.1)
Inventories	(557.3)		8.4
Accounts payable	341.7		108.2
Deferred revenue	32.7		52.4
Operating lease liability	(1,201.4)		(1,029.8)
Other operating assets and liabilities	5.8		500.3
Net cash provided by operating activities	3,297.6		4,468.4
INVESTING ACTIVITIES:
Purchases of investments	(117.3)		(367.3)
Sales of investments	72.6		130.4
Maturities and calls of investments	59.5		298.7
Additions to property, plant and equipment	(1,295.4)		(985.7)
Other	(95.7)		(62.3)
Net cash used in investing activities	(1,376.3)		(986.2)
FINANCING ACTIVITIES:
Net proceeds/(payments) from issuance of commercial paper	200.0		(296.5)
Net proceeds from issuance of short-term debt	38.9		215.6
Repayments of short-term debt	(38.9)		(346.2)
Proceeds from issuance of long-term debt	1,498.1		—
Repayments of long-term debt	(1,000.0)		(1,250.0)
Proceeds from issuance of common stock	75.5		191.6
Cash dividends paid	(1,701.1)		(1,588.2)
Repurchase of common stock	(4,013.0)		—
Minimum tax withholdings on share-based awards	(123.5)		(94.2)
Other	(9.2)		—
Net cash used in financing activities	(5,073.2)		(3,167.9)
Effect of exchange rate changes on cash and cash equivalents	(126.3)		87.9
Net increase/(decrease) in cash and cash equivalents	(3,278.2)		402.2
CASH AND CASH EQUIVALENTS:
Beginning of period	6,455.7		4,350.9
End of period	$	3,177.5	$	4,753.1
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest, net of capitalized interest	$	344.9	$	373.6
Income taxes	$	911.2	$	407.9

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF EQUITY

For the Quarters Ended July 3, 2022 and June 27, 2021

(in millions, except per share data, unaudited)

	Common Stock			Additional Paid-in Capital		Retained Earnings/(Deficit)		Accumulated Other Comprehensive Income/(Loss)		Shareholders’ Equity/(Deficit)		Noncontrolling Interests		Total
	Shares	Amount
Balance, April 3, 2022	1,146.9	$	1.1	$	41.1	$	(9,070.5)	$	260.3	$	(8,768.0)	$	6.8	$	(8,761.2)
Net earnings	—	—		—		912.9		—		912.9		0.8		913.7
Other comprehensive loss	—	—		—		—		(325.3)		(325.3)		—		(325.3)
Stock-based compensation expense	—	—		58.2		—		—		58.2		—		58.2
Exercise of stock options/vesting of RSUs	0.2	—		5.8		—		—		5.8		—		5.8
Sale of common stock	0.2	—		12.0		—		—		12.0		—		12.0
Cash dividends declared, $0.49 per share	—	—		—		(562.1)		—		(562.1)		—		(562.1)
Balance, July 3, 2022	1,147.3	$	1.1	$	117.1	$	(8,719.7)	$	(65.0)	$	(8,666.5)	$	7.6	$	(8,658.9)
Balance, March 28, 2021	1,177.9	$	1.2	$	595.4	$	(8,124.3)	$	(126.3)	$	(7,654.0)	$	5.7	$	(7,648.3)
Net earnings	—	—		—		1,153.4		—		1,153.4		0.8		1,154.2
Other comprehensive income	—	—		—		—		96.6		96.6		—		96.6
Stock-based compensation expense	—	—		80.9		—		—		80.9		—		80.9
Exercise of stock options/vesting of RSUs	1.0	—		41.7		—		—		41.7		—		41.7
Sale of common stock	0.1	—		11.3		—		—		11.3		—		11.3
Cash dividends declared, $0.45 per share	—	—		—		(530.7)		—		(530.7)		—		(530.7)
Balance, June 27, 2021	1,179.0	$	1.2	$	729.3	$	(7,501.6)	$	(29.7)	$	(6,800.8)	$	6.5	$	(6,794.3)

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

CONSOLIDATED STATEMENTS OF EQUITY

For the Three Quarters Ended July 3, 2022 and June 27, 2021

(in millions, except per share data, unaudited)

	Common Stock			Additional Paid-in Capital		Retained Earnings/(Deficit)		Accumulated Other Comprehensive Income/(Loss)		Shareholders’ Equity/(Deficit)		Noncontrolling Interests		Total
	Shares	Amount
Balance, October 3, 2021	1,180.0	$	1.2	$	846.1	$	(6,315.7)	$	147.2	$	(5,321.2)	$	6.7	$	(5,314.5)
Net earnings	—	—		—		2,403.3		—		2,403.3		1.5		2,404.8
Other comprehensive loss	—	—		—		—		(212.2)		(212.2)		—		(212.2)
Stock-based compensation expense	—	—		209.7		—		—		209.7		—		209.7
Exercise of stock options/vesting of RSUs	3.2	(0.1)		(82.7)		—		—		(82.8)		—		(82.8)
Sale of common stock	0.4	—		34.8		—		—		34.8		—		34.8
Repurchase of common stock	(36.3)	—		(890.8)		(3,122.2)		—		(4,013.0)		—		(4,013.0)
Cash dividends declared, $1.47 per share	—	—		—		(1,685.1)		—		(1,685.1)		—		(1,685.1)
Net distributions to noncontrolling interests	—	—		—		—		—		—		(0.6)		(0.6)
Balance, July 3, 2022	1,147.3	$	1.1	$	117.1	$	(8,719.7)	$	(65.0)	$	(8,666.5)	$	7.6	$	(8,658.9)
Balance, September 27, 2020	1,173.3	$	1.2	$	373.9	$	(7,815.6)	$	(364.6)	$	(7,805.1)	$	5.7	$	(7,799.4)
Cumulative effect of adoption of new accounting guidance	—	—		—		(2.2)		—		(2.2)		—		(2.2)
Net earnings	—	—		—		2,434.9		—		2,434.9		0.8		2,435.7
Other comprehensive income	—	—		—		—		334.9		334.9		—		334.9
Stock-based compensation expense	—	—		258.1		—		—		258.1		—		258.1
Exercise of stock options/vesting of RSUs	5.4	—		65.7		—		—		65.7		—		65.7
Sale of common stock	0.3	—		31.6		—		—		31.6		—		31.6
Cash dividends declared, $1.80 per share	—	—		—		(2,118.7)		—		(2,118.7)		—		(2,118.7)
Balance, June 27, 2021	1,179.0	$	1.2	$	729.3	$	(7,501.6)	$	(29.7)	$	(6,800.8)	$	6.5	$	(6,794.3)

See Notes to Consolidated Financial Statements.

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STARBUCKS CORPORATION

INDEX FOR NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1	Summary of Significant Accounting Policies and Estimates	10
Note 2	Derivative Financial Instruments	12
Note 3	Fair Value Measurements	16
Note 4	Inventories	18
Note 5	Supplemental Balance Sheet and Statement of Earnings Information	18
Note 6	Other Intangible Assets and Goodwill	19
Note 7	Debt	21
Note 8	Leases	23
Note 9	Deferred Revenue	24
Note 10	Equity	25
Note 11	Employee Stock Plans	26
Note 12	Income Taxes	27
Note 13	Earnings per Share	27
Note 14	Commitments and Contingencies	27
Note 15	Segment Reporting	28

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STARBUCKS CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

Note 1: Summary of Significant Accounting Policies and Estimates

Financial Statement Preparation

The unaudited consolidated financial statements as of July 3, 2022, and for the quarter and three quarters ended July 3, 2022 and June 27, 2021, have been prepared by Starbucks Corporation under the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial information for the quarter and three quarters ended July 3, 2022 and June 27, 2021 reflects all adjustments and accruals, which are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods. In this Quarterly Report on Form 10-Q (“10-Q”), Starbucks Corporation is referred to as “Starbucks,” the “Company,” “we,” “us” or “our.”

Segment information is prepared on the same basis that our management reviews financial information for operational decision-making purposes. In the fourth quarter of fiscal 2021, certain changes were made to our management team, and our operating segment reporting structure was realigned as a result. We realigned our fully licensed Latin America and Caribbean markets from our Americas operating segment to our International operating segment. We renamed the Americas operating segment to the North America operating segment, since it is comprised of our company-operated and licensed stores in the U.S. and Canada. We also made certain other immaterial changes between our International operating segment and Corporate and Other. Certain prior period information for our North America and International operating segments and our Corporate and Other reportable segment has been reclassified to conform to the current year presentation. There was no impact on consolidated net revenues, total operating expenses, operating income or net earnings per share as a result of these changes.

Certain prior period information on the consolidated balance sheets and consolidated statements of cash flows have been reclassified to conform to the current presentation.

The financial information as of October 3, 2021 is derived from our audited consolidated financial statements and notes for the fiscal year ended October 3, 2021 (“fiscal 2021”) included in Item 8 in the Fiscal 2021 Annual Report on Form 10-K (“10-K”). The information included in this 10-Q should be read in conjunction with the footnotes and management’s discussion and analysis of the consolidated financial statements in the 10-K.

The results of operations for the quarter and three quarters ended July 3, 2022 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending October 2, 2022 (“fiscal 2022”). Our fiscal year ends on the Sunday closest to September 30. Our fiscal 2022 year includes 52 weeks while our fiscal 2021 year included 53 weeks, with the 53rd week falling in the fourth quarter of fiscal 2021.

The novel coronavirus, known as the global COVID-19 pandemic, was first identified in December 2019 before spreading to markets where we have company-operated or licensed stores. We have since established the necessary protocols to operate safely, and our businesses demonstrated powerful momentum beyond recovery from the COVID-19 pandemic. Certain markets, primarily China, continue to experience pandemic-related restrictions impacting sales as they battle COVID-19 resurgences and navigate through prolonged lockdowns. We continue to monitor the COVID-19 pandemic and its effect on our business and results of operations; however, we cannot predict the duration, scope or severity of the COVID-19 pandemic or its future impact on our business, results of operations, cash flows and financial condition.

Government Subsidies

In response to the COVID-19 pandemic, certain governments have provided subsidies and assistance to companies. The most substantial of these were the U.S. Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the Canada Emergency Wage Subsidy (“CEWS”), which were no longer applicable in late fiscal 2021. During the quarter and three quarters ended June 27, 2021, qualified payroll and other credits reduced our store operating expenses by $56.4 million and $173.7 million, respectively, on our consolidated statements of earnings. After netting the qualified credits against our payable, a receivable of $81.2 million and $172.4 million was included in prepaid expenses and other current assets as of July 3, 2022 and October 3, 2021, respectively. As of July 3, 2022, deferred payroll tax payments of $116.4 million were included in accrued liabilities on our consolidated balance sheets. As of October 3, 2021, deferred payroll tax payments of $116.4 million were included in both accrued liabilities and other long-term liabilities on our consolidated balance sheets.

Restructuring

In the third quarter of fiscal 2022, we announced a plan to reinvent Starbucks to increase efficiency, enabling us to seamlessly handle increasing demand in our U.S. stores, and to elevate the partner and customer experiences. As of July 3, 2022, we identified an immaterial amount of stores for closure due to safety concerns under our U.S. reinvention restructuring plan; the resulting restructuring and impairments costs are immaterial to our consolidated statement of earnings. We estimate future

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restructuring costs attributable to our reinvention plan to range from approximately $15 million to $20 million. Future restructuring costs are expected to be incurred over the next three to nine months.

In fiscal 2021, we substantially completed our plan to reposition our North America store portfolio, primarily in dense metropolitan markets by pursuing strategic store closures and focusing on new store formats that better cater to changing customer tastes and preferences. As a result, we recorded approximately $19.8 million and $115.0 million to restructuring and impairments on our consolidated statements of earnings during the quarter ended and three quarters ended June 27, 2021. Of these totals, $7.8 million and $59.0 million related to the impairment of store assets for which either a triggering event occurred and the assets were determined not to be recoverable or the store was permanently closed, respectively. During the quarter and three quarters ended June 27, 2021, an additional $12.2 million and $56.2 million, respectively, was associated with accelerated amortization of right-of-use (“ROU”) lease assets and other lease costs due to planned store closures prior to the end of contractual lease terms. As this restructuring plan was substantially completed in fiscal 2021, we did not recognize any material restructuring and impairment amounts related to this plan during the quarter and three quarters ended July 3, 2022.

As of July 3, 2022 and October 3, 2021, there were no material restructuring-related accrued liabilities on our consolidated balance sheets.

Recently Adopted Accounting Pronouncements

In the first quarter of fiscal 2022, we adopted the Financial Accounting Standards Board (“FASB”) issued guidance related to reference rate reform. The pronouncement provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. The adoption of the new guidance did not have a material impact to our financial statements.

In June 2016, the FASB issued guidance replacing the incurred loss impairment methodology with a new methodology that reflects current expected credit losses on financial assets, including receivables and available-for-sale securities. The new methodology requires entities to estimate and recognize expected credit losses each reporting period. The guidance was adopted during the first quarter of fiscal 2021 under the modified retrospective approach and resulted in a $2.2 million transition adjustment to opening shareholders' retained deficit on our consolidated statements of equity.

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Note 2: Derivative Financial Instruments

Interest Rates

From time to time, we enter into designated cash flow hedges to manage the variability in cash flows due to changes in benchmark interest rates. We enter into interest rate swap agreements and treasury locks, which are synthetic forward sales of U.S. Treasury securities settled in cash based upon the difference between an agreed-upon treasury rate and the prevailing treasury rate at settlement. These agreements are cash settled at the time of the pricing of the related debt. Each derivative agreement's gain or loss is recorded in accumulated other comprehensive income (“AOCI”) and is subsequently reclassified to interest expense over the life of the related debt.

To hedge the exposure to changes in the fair value of our fixed-rate debt, we enter into interest rate swap agreements, which are designated as fair value hedges. The changes in fair values of these derivative instruments and the offsetting changes in fair values of the underlying hedged debt due to changes in the relevant benchmark interest rates are recorded in interest expense. Refer to Note 7, Debt, for additional information on our long-term debt.

Foreign Currency

To reduce cash flow volatility from foreign currency fluctuations, we enter into forward and swap contracts to hedge portions of cash flows of anticipated intercompany royalty payments, inventory purchases, and intercompany borrowing and lending activities. The resulting gains and losses from these derivatives are recorded in AOCI and subsequently reclassified to revenue, product and distribution costs, or interest income and other, net, respectively, when the hedged exposures affect net earnings.

From time to time, we may enter into financial instruments, including, but not limited to, forward and swap contracts or foreign currency-denominated debt, to hedge the currency exposure of our net investments in certain international operations. The resulting gains and losses from these derivatives are recorded in AOCI and are subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated.

Foreign currency forward and swap contracts not designated as hedging instruments are used to mitigate the foreign exchange risk of certain other balance sheet items. Gains and losses from these derivatives are largely offset by the financial impact of translating foreign currency-denominated payables and receivables, and these gains and losses are recorded in interest income and other, net.

Commodities

Depending on market conditions, we may enter into coffee forward contracts, futures contracts and collars to hedge anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 4, Inventories, or our longer-dated forecasted coffee demand where underlying fixed price and price-to-be-fixed contracts are not yet available. The resulting gains and losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.

Depending on market conditions, we may also enter into dairy forward contracts and futures contracts to hedge a portion of anticipated cash flows under our dairy purchase contracts and our forecasted dairy demand. The resulting gains or losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.

Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. For de-designated cash flow hedges in which the underlying transactions are no longer probable of occurring, the related accumulated derivative gains or losses are recognized in interest income and other, net on our consolidated statements of earnings. Due to ongoing global supply chain disruptions, certain coffee cash flow hedges have been de-designated early which resulted in insignificant amounts recognized in earnings during the quarter and three quarters ended July 3, 2022. These derivatives may be accounted for prospectively as non-designated derivatives until maturity, re-designated to new hedging relationships or terminated early. We continue to believe transactions related to our other designated cash flow hedges are probable to occur.

To mitigate the price uncertainty of a portion of our future purchases, including diesel fuel and other commodities, we enter into swap contracts, futures and collars that are not designated as hedging instruments. The resulting gains and losses are recorded in interest income and other, net to help offset price fluctuations on our beverage, food, packaging and transportation costs, which are included in product and distribution costs on our consolidated statements of earnings.

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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)
	Jul 3, 2022		Oct 3, 2021
Cash Flow Hedges:
Coffee	$	214.6	$	197.8	$	214.4	6
Cross-currency swaps	(0.7)		4.4		—		29
Dairy	(0.6)		(0.4)		(0.6)		14
Foreign currency - other	35.9		1.3		18.9		33
Interest rates	(3.2)		(44.8)		0.3		124
Net Investment Hedges:
Cross-currency swaps	68.4		37.9		—		87
Foreign currency	16.0		16.0		—		0
Foreign currency debt	97.4		(5.3)		—		21

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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)
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Cash Flow Hedges:
Coffee	$	(19.3)	$	62.8	$	32.2	$	(2.5)	Product and distribution costs
Cross-currency swaps	12.9		3.1		(2.1)		0.2		Interest expense
					16.0		3.4		Interest income and other, net
Dairy	(1.4)		(1.7)		4.4		0.5		Product and distribution costs
Foreign currency - other	43.4		(5.1)		6.6		—		Licensed stores revenue
					(0.9)		(3.1)		Product and distribution costs
Interest rates	18.8		(25.1)		(0.6)		(0.3)		Interest expense
Net Investment Hedges:
Cross-currency swaps	37.0		20.6		3.8		3.3		Interest expense
Foreign currency debt	72.2		11.8		—		—
	Three Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Cash Flow Hedges:
Coffee	$	76.1	$	80.5	$	56.6	$	(5.2)	Product and distribution costs
Cross-currency swaps	22.3		13.5		(3.7)		1.8		Interest expense
					32.3		12.1		Interest income and other, net
Dairy	6.6		(0.1)		6.8		2.5		Product and distribution costs
Foreign currency - other	51.1		(23.9)		11.0		0.2		Licensed stores revenue
					(2.5)		(5.0)		Product and distribution costs
Interest rates	54.2		68.9		(1.5)		(1.4)		Interest expense
					—		(3.6)		Interest income and other, net
Net Investment Hedges:
Cross-currency swaps	51.2		10.2		10.7		9.9		Interest expense
Foreign currency debt	137.6		39.7		—		—

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
		Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Non-Designated Derivatives:
Dairy	Interest income and other, net	$	0.1	$	—	$	0.2	$	—
Foreign currency - other	Interest income and other, net	6.4		4.5		28.2		2.8
Coffee	Interest income and other, net	(0.2)		—		9.1		—
Diesel fuel and other commodities	Interest income and other, net	3.3		0.7		4.0		2.7
Fair Value Hedges:
Interest rate swap	Interest expense	(11.6)		(0.3)		(37.7)		(1.4)
Long-term debt (hedged item)	Interest expense	14.5		3.6		47.5		11.3

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Notional amounts of outstanding derivative contracts (in millions):

	Jul 3, 2022		Oct 3, 2021
Coffee	$	717	$	481
Cross-currency swaps	757		806
Dairy	59		53
Diesel fuel and other commodities	12		10
Foreign currency - other	1,158		1,009
Interest rate swaps	1,600		1,250

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	Jul 3, 2022		Oct 3, 2021
Designated Derivative Instruments:
Cross-currency swaps	Other long-term assets	$	114.0	$	54.7
Coffee	Prepaid expenses and other current assets	—		130.5
Dairy	Prepaid expenses and other current assets	1.0		0.8
Foreign currency - other	Prepaid expenses and other current assets	26.5		8.9
	Other long-term assets	22.8		6.9
Interest rate swaps	Other long-term assets	54.5		22.7
Non-designated Derivative Instruments:
Diesel fuel and other commodities	Prepaid expenses and other current assets	2.2		0.1
Foreign currency	Prepaid expenses and other current assets	17.4		7.3
		Derivative Liabilities
	Balance Sheet Location	Jul 3, 2022		Oct 3, 2021
Designated Derivative Instruments:
Cross-currency swaps	Other long-term liabilities	$	—	$	3.3
Dairy	Accrued liabilities	1.0		0.9
Foreign currency - other	Accrued liabilities	2.6		7.4
	Other long-term liabilities	0.4		3.6
Interest rate swaps	Other long-term liabilities	17.4		1.3
Non-designated Derivative Instruments:
Dairy	Accrued liabilities	—		0.2
Foreign currency	Accrued liabilities	0.5		0.1

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
	Jul 3, 2022		Oct 3, 2021		Jul 3, 2022		Oct 3, 2021
Location on the balance sheet
Long-term debt	$	1,074.1	$	771.7	$	(25.9)	$	21.7

Additional disclosures related to cash flow gains and losses included in AOCI, as well as subsequent reclassifications to earnings, are included in Note 10, Equity.

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Note 3: Fair Value Measurements

Assets and liabilities measured at fair value on a recurring basis (in millions):

			Fair Value Measurements at Reporting Date Using
	Balance at July 3, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant  Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	3,177.5	$	3,177.5	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Commercial paper	0.2		—		0.2		—
Corporate debt securities	14.7		—		14.7		—
U.S. government treasury securities	0.2		0.2		—		—
Total available-for-sale debt securities	15.1		0.2		14.9		—
Marketable equity securities	61.8		61.8		—		—
Total short-term investments	76.9		62.0		14.9		—
Prepaid expenses and other current assets:
Derivative assets	47.1		—		47.1		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	145.0		—		145.0		—
Foreign government obligations	3.8		—		3.8		—
Mortgage and other asset-backed securities	56.8		—		56.8		—
State and local government obligations	1.4		—		1.4		—
U.S. government treasury securities	85.5		85.5		—		—
Total long-term investments	292.5		85.5		207.0		—
Other long-term assets:
Derivative assets	191.3		—		191.3		—
Structured Deposit	29.9		—		29.9		—
Total assets	$	3,815.2	$	3,325.0	$	490.2	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	4.1	$	—	$	4.1	$	—
Other long-term liabilities:
Derivative liabilities	17.8		—		17.8		—
Total liabilities	$	21.9	$	—	$	21.9	$	—

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			Fair Value Measurements at Reporting Date Using
	Balance at October 3, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	6,455.7	$	6,455.7	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Commercial paper	63.0		—		63.0		—
Corporate debt securities	24.7		—		24.7		—
Mortgage and other asset-backed securities	0.1		—		0.1		—
Total available-for-sale debt securities	87.8		—		87.8		—
Marketable equity securities	74.4		74.4		—		—
Total short-term investments	162.2		74.4		87.8		—
Prepaid expenses and other current assets:
Derivative assets	147.6		131.1		16.5		—
Long-term investments:
Available-for-sale debt securities
Auction rate securities	6.0		—		—		6.0
Corporate debt securities	162.0		—		162.0		—
Foreign government obligations	4.0		—		4.0		—
Mortgage and other asset-backed securities	31.9		—		31.9		—
State and local government obligations	1.5		—		1.5		—
U.S. government treasury securities	76.3		76.3		—		—
Total long-term investments	281.7		76.3		199.4		6.0
Other long-term assets:
Derivative assets	84.3		—		84.3		—
Total assets	$	7,131.5	$	6,737.5	$	388.0	$	6.0
Liabilities:
Accrued liabilities:
Derivative liabilities	$	8.6	$	0.3	$	8.3	$	—
Other long-term liabilities:
Derivative liabilities	8.2		—		8.2		—
Total liabilities	$	16.8	$	0.3	$	16.5	$	—

There were no material transfers between levels and there was no significant activity within Level 3 instruments during the periods presented. The fair values of any financial instruments presented above exclude the impact of netting assets and liabilities when a legally enforceable master netting agreement exists.

Gross unrealized holding gains and losses on available-for-sale debt securities and marketable equity securities were not material as of July 3, 2022 and October 3, 2021.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, ROU assets, goodwill and other intangible assets and other assets. These assets are measured at fair value if determined to be impaired.

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The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 7, Debt. There were no material fair value adjustments during the three quarters ended July 3, 2022 and June 27, 2021.

Note 4: Inventories (in millions):

	Jul 3, 2022		Oct 3, 2021
Coffee:
Unroasted	$	1,046.7	$	670.3
Roasted	295.4		233.5
Other merchandise held for sale	373.6		329.3
Packaging and other supplies	417.2		370.8
Total	$	2,132.9	$	1,603.9

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 July 3, 2022, we had committed to purchasing green coffee totaling $483 million under fixed-price contracts and an estimated $1.2 billion under price-to-be-fixed contracts. A portion of our price-to-be-fixed contracts are effectively fixed through the use of futures. See Note 2, 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 established relationships with our suppliers and continuous monitoring, the risk of non-delivery on these purchase commitments is remote.

Note 5: Supplemental Balance Sheet and Statement of Earnings Information (in millions):

Prepaid Expenses and Other Current Assets

	Jul 3, 2022		Oct 3, 2021
Income tax receivable	$	73.1	$	20.7
Government subsidies receivable	81.2		172.4
Other prepaid expenses and current assets	379.8		401.5
Total prepaid expenses and current assets	$	534.1	$	594.6

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Property, Plant and Equipment, net

	Jul 3, 2022		Oct 3, 2021
Land	$	46.1	$	46.2
Buildings	562.8		587.6
Leasehold improvements	8,882.1		8,637.6
Store equipment	2,953.6		2,934.1
Roasting equipment	892.2		857.2
Furniture, fixtures and other	1,464.3		1,392.0
Work in progress	578.9		374.1
Property, plant and equipment, gross	15,380.0		14,828.8
Accumulated depreciation	(8,971.8)		(8,459.3)
Property, plant and equipment, net	$	6,408.2	$	6,369.5

Accrued Liabilities

	Jul 3, 2022		Oct 3, 2021
Accrued occupancy costs	$	86.3	$	107.1
Accrued dividends payable	562.1		578.1
Accrued capital and other operating expenditures	867.1		840.7
Self-insurance reserves	229.1		229.3
Income taxes payable	148.2		348.0
Accrued business taxes	176.1		218.0
Total accrued liabilities	$	2,068.9	$	2,321.2

Store Operating Expenses

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Wages and benefits	$	1,983.0	$	1,750.7	$	6,012.0	$	5,021.8
Occupancy costs	652.9		628.7		1,983.1		1,883.0
Other expenses	666.6		587.5		2,022.0		1,752.8
Total store operating expenses	$	3,302.5	$	2,966.9	$	10,017.1	$	8,657.6

Note 6: Other Intangible Assets and Goodwill

Indefinite-Lived Intangible Assets

(in millions)	Jul 3, 2022		Oct 3, 2021
Trade names, trademarks and patents	$	97.1	$	96.4

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Finite-Lived Intangible Assets

	Jul 3, 2022						Oct 3, 2021
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	1,054.3	$	(1,013.5)	$	40.8	$	1,141.5	$	(971.9)	$	169.6
Acquired trade secrets and processes	27.6		(26.8)		0.8		27.6		(24.8)		2.8
Trade names, trademarks and patents	128.0		(66.8)		61.2		126.3		(51.9)		74.4
Licensing agreements	18.0		(14.5)		3.5		18.8		(13.5)		5.3
Other finite-lived intangible assets	23.2		(23.2)		—		24.0		(22.6)		1.4
Total finite-lived intangible assets	$	1,251.1	$	(1,144.8)	$	106.3	$	1,338.2	$	(1,084.7)	$	253.5

Amortization expense for finite-lived intangible assets was $47.6 million and $147.0 million for the quarter and three quarters ended July 3, 2022, respectively and $50.0 million and $173.4 million for the quarter and three quarters ended June 27, 2021, respectively.

Estimated future amortization expense as of July 3, 2022 (in millions):

Fiscal Year	Total
2022 (excluding the three quarters ended July 3, 2022)	$	46.5
2023	20.8
2024	20.3
2025	14.4
2026	1.5
Thereafter	2.8
Total estimated future amortization expense	$	106.3

Goodwill

Changes in the carrying amount of goodwill by reportable operating segment (in millions):

	North America		International		Channel Development		Corporate and Other		Total
Goodwill balance at October 3, 2021	$	493.2	$	3,148.3	$	34.7	$	1.1	$	3,677.3
Other(1)	(0.4)		(225.7)		—		—		(226.1)
Goodwill balance at July 3, 2022	$	492.8	$	2,922.6	$	34.7	$	1.1	$	3,451.2

(1)“Other” consists of changes in the goodwill balance resulting from foreign currency translation.

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Note 7: Debt

Revolving Credit Facility

Our $3 billion unsecured five-year revolving credit facility (the “2021 credit facility”), of which $150 million may be used for issuances of letters of credit, is currently set to mature on September 16, 2026. The 2021 credit facility is available for working capital, capital expenditures and other corporate purposes, including acquisitions and share repurchases. We have the option, subject to negotiation and agreement with the related banks, to increase the maximum commitment amount by an additional $1 billion.

Borrowings under the 2021 credit facility will bear interest at a variable rate based on LIBOR, and, for U.S. dollar-denominated loans under certain circumstances, a Base Rate (as defined in the 2021 credit facility), in each case plus an applicable margin. The applicable margin is based on the Company’s long-term credit ratings assigned by the Moody’s and Standard & Poor’s rating agencies. The 2021 credit facility contains alternative interest rate provisions specifying rate calculations to be used at such time LIBOR ceases to be available as a benchmark due to reference rate reform. The “Base Rate” is the highest of (i) the Federal Funds Rate (as defined in the 2021 credit facility) plus 0.050%, (ii) Bank of America’s prime rate, and (iii) the Eurocurrency Rate (as defined in the 2021 credit facility) plus 1.000%.

The 2021 credit facility contains provisions requiring us to maintain compliance with certain covenants, including a minimum fixed charge coverage ratio, which measures our ability to cover financing expenses. As of July 3, 2022, we were in compliance with all applicable covenants. No amounts were outstanding under our 2021 credit facility as of July 3, 2022 or October 3, 2021.

Short-term Debt

Under our commercial paper program, we may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $3 billion, with individual maturities that may vary but not exceed 397 days from the date of issue. Amounts outstanding under the commercial paper program are required to be backstopped by available commitments under our 2021 credit facility. The proceeds from borrowings under our commercial paper program may be used for working capital needs, capital expenditures and other corporate purposes, including, but not limited to, business expansion, payment of cash dividends on our common stock and share repurchases. As of July 3, 2022, we had $200 million in borrowings outstanding under the program. As of October 3, 2021, we had no borrowings outstanding under this program.

Additionally, we hold the following Japanese yen-denominated credit facilities that are available for working capital needs and capital expenditures within our Japanese market:

•A ¥5 billion, or $36.8 million, credit facility is currently set to mature on December 31, 2022. Borrowings under such credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on Tokyo Interbank Offered Rate ("TIBOR") plus an applicable margin of 0.400%.

•A ¥10 billion, or $73.7 million, credit facility is currently set to mature on March 27, 2023. Borrowings under such credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.350%.

As of July 3, 2022 and October 3, 2021, we had no borrowings outstanding under these Japanese yen-denominated credit facilities.

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Long-term Debt

Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):

	Jul 3, 2022				Oct 3, 2021				Stated Interest Rate		Effective Interest Rate(1)
Issuance	Amount		Estimated Fair Value		Amount		Estimated Fair Value
May 2022 notes	$	—	$	—	$	500.0	$	503.1	1.300	%	1.334	%
June 2022 notes	—		—		500.0		506.7		2.700	%	2.819	%
March 2023 notes	1,000.0		1,001.7		1,000.0		1,035.9		3.100	%	3.107	%
October 2023 notes(2)	750.0		755.4		750.0		794.8		3.850	%	2.859	%
February 2024 notes(3)	500.0		497.1		—		—		1.504	%	1.735	%
March 2024 notes(4)	626.3		615.9		763.8		761.0		0.372	%	0.462	%
August 2025 notes	1,250.0		1,253.4		1,250.0		1,371.5		3.800	%	3.721	%
June 2026 notes	500.0		477.0		500.0		526.4		2.450	%	2.511	%
March 2027 notes	500.0		457.9		500.0		513.0		2.000	%	2.058	%
March 2028 notes	600.0		580.8		600.0		663.2		3.500	%	3.529	%
November 2028 notes	750.0		738.5		750.0		855.9		4.000	%	3.958	%
August 2029 notes(2)	1,000.0		946.8		1,000.0		1,109.9		3.550	%	3.840	%
March 2030 notes	750.0		640.2		750.0		758.6		2.250	%	3.084	%
November 2030 notes	1,250.0		1,073.7		1,250.0		1,286.9		2.550	%	2.582	%
February 2032 notes	1,000.0		878.0		—		—		3.000	%	3.155	%
June 2045 notes	350.0		310.7		350.0		414.1		4.300	%	4.348	%
December 2047 notes	500.0		408.3		500.0		556.5		3.750	%	3.765	%
November 2048 notes	1,000.0		912.8		1,000.0		1,248.6		4.500	%	4.504	%
August 2049 notes	1,000.0		909.0		1,000.0		1,241.0		4.450	%	4.447	%
March 2050 notes	500.0		379.9		500.0		527.5		3.350	%	3.362	%
November 2050 notes	1,250.0		987.1		1,250.0		1,339.5		3.500	%	3.528	%
Total	15,076.3		13,824.2		14,713.8		16,014.1
Aggregate debt issuance costs and unamortized premium/(discount), net	(120.5)				(119.7)
Hedge accounting fair value adjustment(2)	(25.9)				21.7
Total	$	14,929.9			$	14,615.8

(1)Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge interest rate risk prior to the debt issuance.

(2)Amount includes the change in fair value due to changes in benchmark interest rates related to hedging our October 2023 notes and $350 million of our August 2029 notes. Refer to Note 2, Derivative Financial Instruments, for additional information on our interest rate swaps designated as fair value hedges.

(3)Floating rate notes which bear interest at a rate equal to Compounded SOFR (as defined in the February 2024 notes) plus 0.420%, resulting in a stated interest rate of 1.504% at July 3, 2022.

(4)Japanese yen-denominated long-term debt.

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The following table summarizes our long-term debt maturities as of July 3, 2022 by fiscal year (in millions):

Fiscal Year	Total
2023	$	1,000.0
2024	1,876.3
2025	1,250.0
2026	500.0
Thereafter	10,450.0
Total	$	15,076.3

Note 8: Leases

The components of lease costs (in millions):

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Operating lease costs(1)	$	386.5	$	386.9	$	1,166.0	$	1,185.6
Variable lease costs	221.5		224.6		687.1		671.3
Short-term lease costs	6.9		7.4		21.1		23.7
Total lease costs	$	614.9	$	618.9	$	1,874.2	$	1,880.6

(1)Includes immaterial amounts of sublease income and rent concessions.

The following table includes supplemental information (in millions):

	Three Quarters Ended
	Jul 3, 2022			Jun 27, 2021
Cash paid related to operating lease liabilities	$	1,248.7		$	1,200.6
Operating lease liabilities arising from obtaining ROU assets	1,121.6			1,030.7
	Jul 3, 2022			Jun 27, 2021
Weighted-average remaining operating lease term	8.5 years			8.6 years
Weighted-average operating lease discount rate	2.5		%	2.5		%

Finance lease assets are recorded in property, plant and equipment, net with the corresponding lease liabilities included in accrued liabilities and other long-term liabilities on the consolidated balance sheet. There were no material finance leases as of July 3, 2022 and October 3, 2021.

Minimum future maturities of operating lease liabilities (in millions):

Fiscal Year	Total
2022 (excluding the three quarters ended July 3, 2022)	$	369.6
2023	1,467.7
2024	1,400.5
2025	1,259.3
2026	1,109.5
Thereafter	4,244.9
Total lease payments	9,851.5
Less imputed interest	(1,082.3)
Total	$	8,769.2

As of July 3, 2022, we have entered into operating leases that have not yet commenced of $1.1 billion, primarily related to real estate leases. These leases will commence between fiscal year 2022 and fiscal year 2028 with lease terms ranging from ten to twenty years.

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Note 9: Deferred Revenue

Our deferred revenue primarily consists of the prepaid royalty from Nestlé, for which we have continuing performance obligations to support the Global Coffee Alliance, our unredeemed stored value card liability and unredeemed loyalty points (“Stars”) associated with our loyalty program.

As of July 3, 2022, the current and long-term deferred revenue related to Nestlé was $177.0 million and $6.2 billion, respectively. As of October 3, 2021, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $6.4 billion, respectively. During the quarter and three quarters ended July 3, 2022, we recognized $44.1 million and $132.5 million of prepaid royalty revenue related to Nestlé, respectively. During the quarter and three quarters ended June 27, 2021, we recognized $44.2 million and $132.5 million of prepaid royalty revenue related to Nestlé, respectively.

Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):

Quarter Ended July 3, 2022	Total
Stored value cards and loyalty program at April 3, 2022	$	1,645.2
Revenue deferred - card activations, card reloads and Stars earned	3,282.6
Revenue recognized - card and Stars redemptions and breakage	(3,312.3)
Other(1)	(21.7)
Stored value cards and loyalty program at July 3, 2022(2)	$	1,593.8
Quarter Ended June 27, 2021	Total
Stored value cards and loyalty program at March 28, 2021	$	1,475.2
Revenue deferred - card activations, card reloads and Stars earned	3,170.7
Revenue recognized - card and Stars redemptions and breakage	(3,160.0)
Other(1)	2.1
Stored value cards and loyalty program at June 27, 2021(2)	$	1,488.0
Three Quarters Ended July 3, 2022	Total
Stored value cards and loyalty program at October 3, 2021	$	1,448.5
Revenue deferred - card activations, card reloads and Stars earned	10,324.1
Revenue recognized - card and Stars redemptions and breakage	(10,149.4)
Other(1)	(29.4)
Stored value cards and loyalty program at July 3, 2022(2)	$	1,593.8
Three Quarters Ended June 27, 2021	Total
Stored value cards and loyalty program at September 27, 2020	$	1,280.5
Revenue deferred - card activations, card reloads and Stars earned	9,317.8
Revenue recognized - card and Stars redemptions and breakage	(9,118.0)
Other(1)	7.7
Stored value cards and loyalty program at June 27, 2021(2)	$	1,488.0

(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.

(2)As of July 3, 2022 and June 27, 2021, approximately $1.5 billion and $1.4 billion of these amounts were current, respectively.

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Note 10:     Equity

Changes in AOCI by component, net of tax (in millions):

Quarter Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
July 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	(9.0)	$	251.7	$	103.0	$	(85.4)	$	260.3
Net gains/(losses) recognized in OCI before reclassifications	(1.6)		41.0		81.6		(396.9)		(275.9)
Net (gains)/losses reclassified from AOCI to earnings	0.1		(46.7)		(2.8)		—		(49.4)
Other comprehensive income/(loss) attributable to Starbucks	(1.5)		(5.7)		78.8		(396.9)		(325.3)
Net gains/(losses) in AOCI, end of period	$	(10.5)	$	246.0	$	181.8	$	(482.3)	$	(65.0)
June 27, 2021
Net gains/(losses) in AOCI, beginning of period	$	2.0	$	(5.7)	$	19.6	$	(142.2)	$	(126.3)
Net gains/(losses) recognized in OCI before reclassifications	(0.1)		32.9		24.2		40.2		97.2
Net (gains)/losses reclassified from AOCI to earnings	(0.2)		2.1		(2.5)		—		(0.6)
Other comprehensive income/(loss) attributable to Starbucks	(0.3)		35.0		21.7		40.2		96.6
Net gains/(losses) in AOCI, end of period	$	1.7	$	29.3	$	41.3	$	(102.0)	$	(29.7)
Three Quarters Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
July 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	1.5	$	158.3	$	48.6	$	(61.2)	$	147.2
Net gains/(losses) recognized in OCI before reclassifications	(12.1)		170.8		141.1		(421.2)		(121.4)
Net (gains)/losses reclassified from AOCI to earnings	0.1		(83.1)		(7.9)		0.1		(90.8)
Other comprehensive income/(loss) attributable to Starbucks	(12.0)		87.7		133.2		(421.1)		(212.2)
Net gains/(losses) in AOCI, end of period	$	(10.5)	$	246.0	$	181.8	$	(482.3)	$	(65.0)
June 27, 2021
Net gains/(losses) in AOCI, beginning of period	$	5.7	$	(82.1)	$	11.5	$	(299.7)	$	(364.6)
Net gains/(losses) recognized in OCI before reclassifications	(2.5)		111.0		37.2		197.7		343.4
Net (gains)/losses reclassified from AOCI to earnings	(1.5)		0.4		(7.4)		—		(8.5)
Other comprehensive income/(loss) attributable to Starbucks	(4.0)		111.4		29.8		197.7		334.9
Net gains/(losses) in AOCI, end of period	$	1.7	$	29.3	$	41.3	$	(102.0)	$	(29.7)

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Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):

Quarter Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Jul 3, 2022		Jun 27, 2021
Gains/(losses) on available-for-sale debt securities	$	(0.2)	$	0.1	Interest income and other, net
Gains/(losses) on cash flow hedges	55.6		(1.8)		Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	3.8		3.3		Interest expense
	59.2		1.6		Total before tax
	(9.8)		(1.0)		Tax expense
	$	49.4	$	0.6	Net of tax
Three Quarters Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Jul 3, 2022		Jun 27, 2021
Gains/(losses) on available-for-sale debt securities	$	(0.2)	$	1.8	Interest income and other, net
Gains/(losses) on cash flow hedges	99.0		1.4		Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	10.7		9.9		Interest expense
	109.5		13.1		Total before tax
	(18.7)		(4.6)		Tax expense
	$	90.8	$	8.5	Net of tax

In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of July 3, 2022.

During the three quarters ended July 3, 2022, we repurchased 36.3 million shares of common stock for $4.0 billion. On March 15, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional 40 million shares under our ongoing share repurchase program. On April 4, 2022, we announced a temporary suspension of our share repurchase program to allow us to augment investments in our stores and partners. Repurchases pursuant to this program were last made on April 1, 2022. As of July 3, 2022, 52.6 million shares remained available for repurchase under current authorizations.

During the third quarter of fiscal 2022, our Board of Directors approved a quarterly cash dividend to shareholders of $0.49 per share to be paid on August 26, 2022 to shareholders of record as of the close of business on August 12, 2022.

Note 11: Employee Stock Plans

As of July 3, 2022, there were 99.6 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 10.9 million shares available for issuance under our employee stock purchase plan.

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Restricted Stock Units (“RSUs”)	$	57.4	$	79.8	$	207.2	$	253.3
Options	(0.1)		0.2		(0.6)		2.0
Total stock-based compensation expense	$	57.3	$	80.0	$	206.6	$	255.3

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Stock option and RSU transactions from October 3, 2021 through July 3, 2022 (in millions):

	Stock Options		RSUs
Options outstanding/Nonvested RSUs, October 3, 2021	5.2		7.7
Granted	—		4.0
Options exercised/RSUs vested	(0.8)		(3.5)
Forfeited/expired	—		(1.0)
Options outstanding/Nonvested RSUs, July 3, 2022	4.4		7.2
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of July 3, 2022	$	0.0	$	196.3

Note 12: Income Taxes

The effective tax rate for the quarter ended July 3, 2022 was 23.4% compared to 18.2% for the same quarter in fiscal 2021. The increase was primarily due to lapping a prior year remeasurement of deferred tax assets due to an enacted foreign corporate rate change (approximately 510 basis points).

The effective tax rate for the first three quarters ended July 3, 2022 was 23.2% compared to 21.7% for the same period in fiscal 2021. The increase was primarily due to lapping a prior year remeasurement of deferred tax assets due to an enacted foreign corporate rate change (approximately 230 basis points).

Note 13: Earnings per Share

Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Net earnings attributable to Starbucks	$	912.9	$	1,153.4	$	2,403.3	$	2,434.9
Weighted average common shares outstanding (for basic calculation)	1,147.0		1,178.5		1,155.3		1,177.0
Dilutive effect of outstanding common stock options and RSUs	4.0		7.7		5.2		7.7
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,151.0		1,186.2		1,160.5		1,184.7
EPS — basic	$	0.80	$	0.98	$	2.08	$	2.07
EPS — diluted	$	0.79	$	0.97	$	2.07	$	2.06

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding would exclude out-of-the-money stock options (i.e., such options’ exercise prices were greater than the average market price of our common shares for the period) because their inclusion would be anti-dilutive. As of July 3, 2022, we had an immaterial amount of anti-dilutive stock options and anti-dilutive unvested RSUs. As of June 27, 2021, we had no anti-dilutive stock options and an immaterial amount of anti-dilutive unvested RSUs.

Note 14: Commitments and Contingencies

Legal Proceedings

On April 13, 2010, an organization named Council for Education and Research on Toxics (“Plaintiff”) filed a lawsuit in the Superior Court of the State of California, County of Los Angeles, against the Company and certain other defendants who manufacture, package, distribute or sell brewed coffee. The lawsuit is captioned Council for Education and Research on Toxics v. Starbucks Corporation, et al. On May 9, 2011, the Plaintiff filed an additional lawsuit in the Superior Court of the State of California, County of Los Angeles, against the Company and additional defendants who manufacture, package, distribute or sell packaged coffee. The lawsuit is captioned Council for Education and Research on Toxics v. Brad Barry LLC, et al. Both cases have since been consolidated and now include nearly eighty defendants, which constitute the majority of the coffee industry in California. Plaintiff alleges that the Company and the other defendants failed to provide warnings for their coffee products of exposure to the chemical acrylamide as required under California Health and Safety Code Section 25249.5, the California Safe Drinking Water and Toxic Enforcement Act of 1986, better known as Proposition 65. Plaintiff seeks equitable relief, including providing warnings to consumers of coffee products, as well as civil penalties in the amount of the statutory maximum of two thousand five hundred dollars per day per alleged violation of Proposition 65. The Plaintiff asserts that every consumed cup of coffee, absent a compliant warning, is equivalent to a violation under Proposition 65.

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The Company, as part of a joint defense group organized to defend against the lawsuit, disputes the claims of the Plaintiff. Acrylamide is not added to coffee but is present in all coffee in small amounts (parts per billion) as a byproduct of the coffee bean roasting process. The Company has asserted multiple affirmative defenses. Trial of the first phase of the case (“Phase 1”) commenced on September 8, 2014, and was limited to three affirmative defenses shared by all defendants. On September 1, 2015, the trial court issued a final ruling adverse to defendants on all Phase 1 defenses. Trial of the second phase of the case (“Phase 2”) commenced in the fall of 2017. On May 7, 2018, the trial court issued a ruling adverse to defendants on the Phase 2 defense, the Company's last remaining defense to liability. On June 22, 2018, the California Office of Environmental Health Hazard Assessment (OEHHA) proposed a new regulation clarifying that cancer warnings are not required for coffee under Proposition 65. The case was set to proceed to a third phase trial (“Phase 3”) on damages, remedies and attorneys' fees on October 15, 2018. However, on October 12, 2018, the California Court of Appeal granted the defendants’ request for a stay of the Phase 3 trial.

On June 3, 2019, the California Office of Administrative Law (OAL) approved the coffee exemption regulation. The regulation became effective on October 1, 2019. On June 24, 2019, the California Court of Appeal lifted the stay of the litigation. At the status conference on August 25, 2020, the trial judge granted the defendants’ motion for summary judgment, ruling that the coffee exemption regulation is a complete defense to the Plaintiff’s complaint. The Notice of Entry of Judgment from the court was served on October 6, 2020, and the Plaintiff filed a Notice of Appeal on November 20, 2020 and its opening brief in the appeals process on April 9, 2021. Defendants filed their response brief on August 27, 2021, and Plaintiff filed a reply on November 15, 2021. Starbucks believes that the likelihood that the Company will ultimately incur a material loss in connection with this litigation is less than reasonably possible. Accordingly, as of July 3, 2022, no loss contingency has been recorded for this matter.

Starbucks is party to various other legal proceedings arising in the ordinary course of business, including certain employment litigation cases that have been certified as class or collective actions, but, except as noted above, is not currently a party to any legal proceeding that management believes could have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Note 15: 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								Three Quarters Ended
	Jul 3, 2022				Jun 27, 2021				Jul 3, 2022				Jun 27, 2021
Beverage(1)	$	4,944.6	61	%	$	4,753.1	63	%	$	14,442.9	61	%	$	13,222.6	63	%
Food(2)	1,472.0		18	%	1,311.2		18	%	4,271.5		18	%	3,578.2		17	%
Other(3)	1,733.5		21	%	1,432.2		19	%	5,121.7		21	%	4,113.1		20	%
Total	$	8,150.1	100	%	$	7,496.5	100	%	$	23,836.1	100	%	$	20,913.9	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.

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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
July 3, 2022
Total net revenues	$	6,058.4	$	1,584.7	$	479.7	$	27.3	$	8,150.1
Depreciation and amortization expenses	201.2		125.0		—		30.6		356.8
Income from equity investees	—		0.4		53.7		—		54.1
Operating income/(loss)	1,330.1		135.3		191.7		(361.6)		1,295.5
June 27, 2021
Total net revenues	$	5,370.7	$	1,688.0	$	414.0	$	23.8	$	7,496.5
Depreciation and amortization expenses	188.9		129.7		0.2		35.5		354.3
Income from equity investees	—		42.0		63.5		—		105.5
Operating income/(loss)	1,304.3		327.3		216.0		(358.9)		1,488.7
Three Quarters Ended
	North America (1)		International (1)		Channel Development		Corporate and Other (1)		Total
July 3, 2022
Total net revenues	$	17,236.4	$	5,163.1	$	1,359.9	$	76.7	$	23,836.1
Depreciation and amortization expenses	603.2		391.4		0.1		95.8		1,090.5
Income from equity investees	—		1.6		141.9		—		143.5
Operating income/(loss)	3,344.8		615.7		572.7		(1,110.9)		3,422.3
June 27, 2021
Total net revenues	$	14,684.9	$	5,006.9	$	1,155.3	$	66.8	$	20,913.9
Depreciation and amortization expenses	563.9		413.1		0.9		109.1		1,087.0
Income from equity investees	—		95.0		170.3		—		265.3
Operating income/(loss)	3,003.5		868.3		569.3		(1,051.2)		3,389.9

(1)North America and International total net revenues and operating income and Corporate and Other operating loss for the quarter and three quarters ended June 27, 2021, have been restated to conform with current period presentation.

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Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations

CAUTIONARY STATEMENT PURSUANT TO THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Certain statements contained herein are “forward-looking” statements within the meaning of applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements include statements relating to trends in or expectations relating to the effects of our existing and any future initiatives, strategies, investments and plans, including our reinvention plan, as well as trends in or expectations regarding our financial results and long-term growth model and drivers; our operations in the U.S. and China; our environmental, social and governance efforts; our partners; economic and consumer trends, including the impact of inflationary pressures; impact of foreign currency translation; strategic pricing actions; the conversion of certain market operations to fully licensed models; our plans for streamlining our operations, including store openings, closures and changes in store formats and models; expanding our licensing to Nestlé of our consumer packaged goods and Foodservice businesses and its effects on our Channel Development segment results; tax rates; business opportunities and expansion; strategic acquisitions; our dividends programs; commodity costs and our mitigation strategies; our liquidity, cash flow from operations, investments, borrowing capacity and use of proceeds; continuing compliance with our covenants under our credit facilities and commercial paper program; repatriation of cash to the U.S.; the likelihood of the issuance of additional debt and the applicable interest rate; the continuing impact of the COVID-19 pandemic on our financial results and future availability of governmental subsidies for COVID-19 or other public health events; our ceo transition; our share repurchase program; our use of cash and cash requirements; the expected effects of new accounting pronouncements and the estimated impact of changes in U.S. tax law, including on tax rates, investments funded by these changes and potential outcomes; and effects of legal proceedings. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Actual future results and trends may differ materially depending on a variety of factors, including, but not limited to: the continuing impact of COVID-19 on our business; regulatory measures or voluntary actions that may be put in place to limit the spread of COVID-19, including restrictions on business operations or social distancing requirements, and the duration and efficacy of such restrictions; the resurgence of COVID-19 infections and the circulation of novel variants of COVID-19; fluctuations in U.S. and international economies and currencies; our ability to preserve, grow and leverage our brands; the ability of our business partners and third-party providers to fulfill their responsibilities and commitments; potential negative effects of incidents involving food or beverage-borne illnesses, tampering, adulteration, contamination or mislabeling; potential negative effects of material breaches of our information technology systems to the extent we experience a material breach; material failures of our information technology systems; costs associated with, and the successful execution of, the Company’s initiatives and plans; new initiatives and plans or revisions to existing initiatives or plans; our ability to obtain financing on acceptable terms; the acceptance of the Company’s products by our customers, evolving consumer preferences and tastes and changes in consumer spending behavior; partner investments, changes in the availability and cost of labor including any union organizing efforts and our responses to such efforts; failure to attract or retain key executive or employee talent or successfully transition executives; significant increased logistics costs; inflationary pressures; the impact of competition; inherent risks of operating a global business including any potential negative effects stemming from the Russian invasion of Ukraine; the prices and availability of coffee, dairy and other raw materials; the effect of legal proceedings; and the effects of changes in tax laws and related guidance and regulations that may be implemented and other risks detailed in our filings with the SEC, including in Part I Item IA “Risk Factors” in the 10-K.

A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. You should not place undue reliance on the forward-looking statements, which speak only as of the date of this report. We are under no obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

This information should be read in conjunction with the consolidated financial statements and the notes included in Item 1 of Part I of this 10-Q and the audited consolidated financial statements and notes, and Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”), contained in the 10-K filed with the SEC on November 19, 2021.

Introduction and Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 83 markets. As of July 3, 2022, Starbucks had more than 34,900 company-operated and licensed stores, an increase of 5% from the prior year. Additionally, we sell a variety of consumer-packaged goods, primarily through the Global Coffee Alliance established with Nestlé and other partnerships and joint ventures. During the quarter ended July 3, 2022, our global comparable store sales grew 3%, primarily driven by 9% growth in the U.S. market, partially offset by COVID-19 pandemic related restrictions in China, leading to a 44% decrease in China comparable store sales.

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We have three reportable operating segments: 1) North America, which is inclusive of the U.S. and Canada, 2) International, which is inclusive of China, Japan, Asia Pacific, Europe, Middle East, Africa, Latin America and the Caribbean; and 3) Channel Development. Non-reportable operating segments such as Evolution Fresh and unallocated corporate expenses are reported within Corporate and Other.

We believe our financial results and long-term growth model will continue to be driven by new store openings, comparable store sales growth and operating margin management, underpinned by disciplined capital allocation. We believe these key operating metrics are useful to investors because management uses these metrics to assess the growth of our business and the effectiveness of our marketing and operational strategies. Throughout this MD&A, we commonly discuss the following key operating metrics:

•New store openings and store count

•Comparable store sales growth

•Operating margin

Comparable store sales growth represents the percentage change in sales in one period from the same prior year period for company-operated stores open for 13 months or longer and exclude the impact of foreign currency translation. We analyze comparable store sales growth on a constant currency basis as this helps identify underlying business trends, without distortion from the effects of currency movements. Stores that are temporarily closed or operating at reduced hours due to the COVID-19 pandemic remain in comparable store sales while stores identified for permanent closure have been removed.

Our fiscal year ends on the Sunday closest to September 30. Our fiscal 2022 year includes 52 weeks while our fiscal 2021 year included 53 weeks, with the 53rd week falling in the fourth quarter of fiscal 2021. All references to store counts, including data for new store openings, are reported net of store closures, unless otherwise noted.

Starbucks results for the third quarter of fiscal 2022 demonstrate the overall strength and resilience of our brand, despite continued COVID-19 pandemic related disruptions in our China market and global inflation. Consolidated net revenues increased 9% to $8.2 billion in the third quarter of fiscal 2022 compared to $7.5 billion in the third quarter of fiscal 2021, primarily driven by strength in our U.S. business and growth in our International segment excluding China, partially offset by COVID-19 pandemic related disruptions in China restricting customer mobility. Consolidated operating margin decreased 400 basis points from the prior year to 15.9%, primarily driven by inflationary pressures, investments and growth in retail store partner wages as well as sales deleverage related to COVID-19 pandemic related impacts in our China market. These decreases were partially offset by strategic pricing in North America and sales leverage across markets outside of China.

For both the North America segment and our U.S. market, comparable store sales increased 9% for the third quarter of fiscal 2022 compared to an increase of 84% and 83% for the North America segment and the U.S. market, respectively, in the third quarter of fiscal 2021. Average ticket for both the North America segment and the U.S. market grew 8%, primarily driven by strategic pricing and increased demand for food items in our U.S. market. The segment also experienced higher costs, primarily related to increased supply chain costs due to inflationary pressures, enhancements in retail store partner wages and increased spend on new partner training and support costs.

For the International segment, comparable store sales declined 18% for the third quarter of fiscal 2022, driven by comparable store sales decline of 44% in our China market. Our China market experienced unprecedented COVID-19 pandemic related restrictions in multiple cities that severely impacted customer mobility. Outside of China, strong growth in our major International markets continued in the third quarter driven by product innovation and increasing digital capabilities, partially offsetting the unfavorability in our China market.

Net revenues for our Channel Development segment increased $66 million, or 16%, when compared with the third quarter of fiscal 2021. This was due to higher product sales to and royalty revenue from the Global Coffee Alliance and growth in our ready-to-drink business.

Despite continued COVID-19 induced business interruptions, especially in our China market, we have seen the strength and resilience of our brand as well as strong customer demand across our portfolio. However, given the prolonged COVID-19 pandemic related lockdowns in China that limited customer mobility during the third quarter and slowed recovery of the market, as well as increasing COVID-19 cases globally, we expect continued impacts on our business. Additionally, our business expects the weights from inflationary pressures to continue as well as increased spend due to labor market conditions and incremental investments in our partners, technology and digital capabilities. While we anticipate these will have an adverse impact on our operating margin for the remainder of the fiscal year, we are confident that our strategies, including our reinvention plan in the U.S. market will elevate both the partner and customer experience, accelerating growth over the long-term.

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Results of Operations (in millions)

Revenues

	Quarter Ended								Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		$ Change		% Change		Jul 3, 2022		Jun 27, 2021		$ Change		% Change
Company-operated stores	$	6,675.5	$	6,363.1	$	312.4	4.9	%	$	19,674.7	$	17,742.8	$	1,931.9	10.9	%
Licensed stores	956.8		680.2		276.6		40.7		2,657.0		1,889.0		768.0		40.7
Other	517.8		453.2		64.6		14.3		1,504.4		1,282.1		222.3		17.3
Total net revenues	$	8,150.1	$	7,496.5	$	653.6	8.7	%	$	23,836.1	$	20,913.9	$	2,922.2	14.0	%

For the quarter ended July 3, 2022 compared with the quarter ended June 27, 2021

Total net revenues for the third quarter of fiscal 2022 increased $654 million, primarily due to higher revenues from company-operated stores ($312 million). The growth of company-operated stores revenue was driven by incremental revenues from 894 net new Starbucks® company-operated stores, or a 5% increase, over the past 12 months ($258 million). Also contributing to the higher revenue was a 3% increase in comparable store sales ($183 million), attributable to a 6% increase in average ticket offset by a 3% decrease in comparable transactions. Partially offsetting these increases was unfavorable foreign currency translation ($136 million).

Licensed stores revenue increased $277 million contributing to the increase in total net revenues, driven by higher product and equipment sales to and royalty revenues from our licensees ($237 million) and the conversion of our Korea market from a joint venture to a fully licensed market in the fourth quarter of fiscal 2021 ($64 million). Partially offsetting these increases was unfavorable foreign currency translation ($27 million).

Other revenues increased $65 million, primarily due to higher product sales and royalty revenue in the Global Coffee Alliance and growth in our ready-to-drink business.

For the three quarters ended July 3, 2022 compared with the three quarters ended June 27, 2021

Total net revenues for the first three quarters of fiscal 2022 increased $2.9 billion, primarily due to higher revenues from company-operated stores ($1.9 billion). The growth of company-operated stores revenue was driven by a 8% increase in comparable store sales ($1.3 billion) attributed to a 4% increase in average ticket and 3% increase in comparable transactions. Also contributing to the increase were incremental revenues from 894 net new Starbucks® company-operated stores, or a 5% increase, over the past 12 months ($761 million). Partially offsetting these increases was unfavorable foreign currency translation ($175 million).

Licensed stores revenue increased $768 million, primarily driven by higher product and equipment sales to and royalty revenues from our licensees ($671 million) and the conversion of our Korea market from a joint venture to a fully licensed market in the fourth quarter of fiscal 2021 ($143 million). Partially offsetting these increases was unfavorable foreign currency translation ($46 million).

Other revenues increased $222 million, primarily due to higher product sales and royalty revenue in the Global Coffee Alliance and growth in our ready-to-drink business.

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Operating Expenses

	Quarter Ended										Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		$ Change		Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021		$ Change		Jul 3, 2022		Jun 27, 2021
							As a % of Total Net Revenues										As a % of Total Net Revenues
Product and distribution costs	$	2,613.6	$	2,206.0	$	407.6	32.1	%	29.4	%	$	7,606.4	$	6,247.5	$	1,358.9	31.9	%	29.9	%
Store operating expenses	3,302.5		2,966.9		335.6		40.5		39.6		10,017.1		8,657.6		1,359.5		42.0		41.4
Other operating expenses	135.1		71.4		63.7		1.7		1.0		338.4		250.8		87.6		1.4		1.2
Depreciation and amortization expenses	356.8		354.3		2.5		4.4		4.7		1,090.5		1,087.0		3.5		4.6		5.2
General and administrative expenses	486.7		494.9		(8.2)		6.0		6.6		1,494.0		1,431.4		62.6		6.3		6.8
Restructuring and impairments	14.0		19.8		(5.8)		0.2		0.3		10.9		115.0		(104.1)		—		0.5
Total operating expenses	6,908.7		6,113.3		795.4		84.8		81.5		20,557.3		17,789.3		2,768.0		86.2		85.1
Income from equity investees	54.1		105.5		(51.4)		0.7		1.4		143.5		265.3		(121.8)		0.6		1.3
Operating income	$	1,295.5	$	1,488.7	$	(193.2)	15.9	%	19.9	%	$	3,422.3	$	3,389.9	$	32.4	14.4	%	16.2	%
Store operating expenses as a % of company-operated stores revenue							49.5	%	46.6	%							50.9	%	48.8	%

For the quarter ended July 3, 2022 compared with the quarter ended June 27, 2021

Product and distribution costs as a percentage of total net revenues increased 270 basis points for the third quarter of fiscal 2022, primarily due to higher supply chain costs driven by inflationary pressures.

Store operating expenses as a percentage of total net revenues increased 90 basis points for the third quarter of fiscal 2022. Store operating expenses as a percentage of company-operated stores revenue increased 290 basis points, primarily due to enhancements in retail store partner wages.

Other operating expenses increased $64 million for the third quarter of fiscal 2022, primarily due to lapping a change in estimate relating to a transaction cost accrual ($23 million), transaction costs associated with our Russia market exit ($20 million) and higher support costs for our North America licensed stores ($4 million).

Depreciation and amortization expenses as a percentage of total net revenues decreased 30 basis points, primarily due to sales leverage.

General and administrative expenses decreased $8 million, primarily due to lower performance-based compensation ($47 million) which was partially offset by increased partner wages ($22 million) and incremental investments in technology ($15 million).

Restructuring and impairment expenses decreased $6 million, primarily due to lower restructuring activities related to our North America store portfolio optimization in the prior year, specifically lower accelerated lease right-of-use asset amortization costs ($11 million) and lower asset impairment charges ($4 million), partially offset by lapping prior year beneficial adjustment to severance expense ($9 million).

Income from equity investees decreased $51 million, primarily due to the conversion of our Korea market from a joint venture to a fully licensed market in the fourth quarter of fiscal 2021 ($45 million).

The combination of these changes resulted in an overall decrease in operating margin of 400 basis points for the third quarter of fiscal 2022.

For the three quarters ended July 3, 2022 compared with the three quarters ended June 27, 2021

Product and distribution costs as a percentage of total net revenues increased 200 basis points for the first three quarters of fiscal 2022, primarily due to higher supply chain costs due to inflationary pressures.

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Store operating expenses as a percentage of total net revenues increased 60 basis points for the first three quarters of fiscal 2022. Store operating expenses as a percentage of company-operated stores revenue increased 210 basis points, primarily due to enhancements in retail store partner wages and benefits (approximately 280 basis points), increased spend on new partner training and support costs (approximately 80 basis points) and lower temporary government subsidies in the prior year (approximately 80 basis points), partially offset by sales leverage.

Other operating expenses increased $88 million for the first three quarters of fiscal 2022, primarily due to lapping a change in estimate relating to a transaction cost accrual ($23 million), transaction costs associated with our Russia market exit ($20 million), higher support costs for our growing North America and International licensed stores ($18 million) and strategic investments in technology and other initiatives ($7 million).

Depreciation and amortization expenses as a percentage of total net revenues decreased 60 basis points, primarily due to sales leverage.

General and administrative expenses increased $63 million, primarily due to incremental investments in technology ($67 million), increased partner wages ($59 million) and increased support costs to address labor market conditions ($23 million). These increases were partially offset by lower performance-based compensation ($88 million).

Restructuring and impairment expenses decreased $104 million, primarily due to lower restructuring activities related to our North America store portfolio optimization in the prior year, specifically lower accelerated lease right-of-use asset amortization costs ($63 million) and lower asset impairment charges ($51 million). These decreases were partially offset by lower severance related charges for certain company-operated prior year store closures ($9 million).

Income from equity investees decreased $122 million, primarily due to the conversion of our Korea market from a joint venture to a fully licensed market in the fourth quarter of fiscal 2021 ($99 million) and lower income from our North American Coffee Partnership joint venture ($28 million).

The combination of these changes resulted in an overall decrease in operating margin of 190 basis points for the first three quarters of fiscal 2022.

Other Income and Expenses 

	Quarter Ended										Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		$ Change		Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021		$ Change		Jul 3, 2022		Jun 27, 2021
							As a % of Total Net Revenues										As a % of Total Net Revenues
Operating income	$	1,295.5	$	1,488.7	$	(193.2)	15.9	%	19.9	%	$	3,422.3	$	3,389.9	$	32.4	14.4	%	16.2	%
Interest income and other, net	19.8		36.0		(16.2)		0.2		0.5		66.0		68.6		(2.6)		0.3		0.3
Interest expense	(123.1)		(113.4)		(9.7)		(1.5)		(1.5)		(357.6)		(349.2)		(8.4)		(1.5)		(1.7)
Earnings before income taxes	1,192.2		1,411.3		(219.1)		14.6		18.8		3,130.7		3,109.3		21.4		13.1		14.9
Income tax expense	278.5		257.1		21.4		3.4		3.4		725.9		673.6		52.3		3.0		3.2
Net earnings including noncontrolling interests	913.7		1,154.2		(240.5)		11.2		15.4		2,404.8		2,435.7		(30.9)		10.1		11.6
Net earnings attributable to noncontrolling interests	0.8		0.8		—		—		—		1.5		0.8		0.7		—		—
Net earnings attributable to Starbucks	$	912.9	$	1,153.4	$	(240.5)	11.2	%	15.4	%	$	2,403.3	$	2,434.9	$	(31.6)	10.1	%	11.6	%
Effective tax rate including noncontrolling interests							23.4	%	18.2	%							23.2	%	21.7	%

For the quarter ended July 3, 2022 compared with the quarter ended June 27, 2021

Interest income and other, net decreased $16 million, primarily due to lower net gains from certain investments.

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Interest expense increased $10 million, primarily due to additional interest incurred on long-term debt issued in February 2022.

The effective tax rate for the quarter ended July 3, 2022 was 23.4% compared to 18.2% for the same period in fiscal 2021. The increase was primarily due to lapping a prior year remeasurement of deferred tax assets due to an enacted foreign corporate rate change (approximately 510 basis points).

For the three quarters ended July 3, 2022 compared with the three quarters ended June 27, 2021

Interest income and other, net decreased $3 million, primarily due to lower net gains from certain investments.

Interest expense increased $8 million, primarily due to additional interest incurred on long-term debt issued in February 2022.

The effective tax rate for the first three quarters ended July 3, 2022 was 23.2% compared to 21.7% for the same period in fiscal 2021. The increase was primarily due to lapping a prior year remeasurement of deferred tax assets due to an enacted foreign corporate rate change (approximately 230 basis points).

Segment Information

Results of operations by segment (in millions):

North America (1)    

	Quarter Ended										Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		$ Change		Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021		$ Change		Jul 3, 2022		Jun 27, 2021
							As a % of North America Total Net Revenues										As a % of North America Total Net Revenues
Net revenues:
Company-operated stores	$	5,513.2	$	4,929.8	$	583.4	91.0	%	91.8	%	$	15,663.6	$	13,483.1	$	2,180.5	90.9	%	91.8	%
Licensed stores	544.2		439.0		105.2		9.0		8.2		1,567.1		1,195.6		371.5		9.1		8.1
Other	1.0		1.9		(0.9)		—		—		5.7		6.2		(0.5)		—		—
Total net revenues	6,058.4		5,370.7		687.7		100.0		100.0		17,236.4		14,684.9		2,551.5		100.0		100.0
Product and distribution costs	1,713.2		1,399.9		313.3		28.3		26.1		4,906.5		3,873.4		1,033.1		28.5		26.4
Store operating expenses	2,670.0		2,346.8		323.2		44.1		43.7		7,997.8		6,788.8		1,209.0		46.4		46.2
Other operating expenses	55.4		38.0		17.4		0.9		0.7		150.7		118.7		32.0		0.9		0.8
Depreciation and amortization expenses	201.2		188.9		12.3		3.3		3.5		603.2		563.9		39.3		3.5		3.8
General and administrative expenses	76.5		73.0		3.5		1.3		1.4		224.5		221.6		2.9		1.3		1.5
Restructuring and impairments	12.0		19.8		(7.8)		0.2		0.4		8.9		115.0		(106.1)		0.1		0.8
Total operating expenses	4,728.3		4,066.4		661.9		78.0		75.7		13,891.6		11,681.4		2,210.2		80.6		79.5
Operating income	$	1,330.1	$	1,304.3	$	25.8	22.0	%	24.3	%	$	3,344.8	$	3,003.5	$	341.3	19.4	%	20.5	%
Store operating expenses as a % of company-operated stores revenue							48.4	%	47.6	%							51.1	%	50.4	%

(1)North America licensed stores revenue, total net revenues, product and distribution costs, other operating expenses, total operating expenses and operating income for the quarter and three quarters ended June 27, 2021, have been restated to conform with current period presentation.

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For the quarter ended July 3, 2022 compared with the quarter ended June 27, 2021

Revenues

North America total net revenues for the third quarter of fiscal 2022 increased $688 million, or 13%, primarily due to a 9% increase in comparable store sales ($421 million) driven by a 8% increase in average ticket and a 1% increase in transactions. Also contributing to these increases were the performance of net new company-operated store openings over the past 12 months ($168 million) and higher product and equipment sales to and royalty revenues from our licensees ($103 million).

Operating Margin

North America operating income for the third quarter of fiscal 2022 increased 2% to $1,330 million, compared to $1,304 million in the third quarter of fiscal 2021. Operating margin decreased 230 basis points to 22.0%, primarily due to inflationary pressures on commodities and our supply chain (approximately 400 basis points), investments in labor including enhancements in retail store partner wages (approximately 220 basis points) as well as increased spend on new partner training and support costs (approximately 80 basis points). These were partially offset by strategic pricing (approximately 450 basis points) and sales leverage.

For the three quarters ended July 3, 2022 compared with the three quarters ended June 27, 2021

Revenues

North America total net revenues for the first three quarters of fiscal 2022 increased $2.6 billion, or 17% primarily due to a 13% increase in comparable store sales ($1.7 billion) driven by a 7% increase in average ticket and a 6% increase in transactions. Also contributing to these increases were the performance of net new company-operated store openings over the past 12 months ($455 million) and higher product and equipment sales to and royalty revenues from our licensees ($372 million), primarily due to business recovery from impact of the COVID-19 pandemic.

Operating Margin

North America operating income for the first three quarters of fiscal 2022 increased 11% to $3.3 billion, compared to $3.0 billion for the same period in fiscal 2021. Operating margin decreased 110 basis points to 19.4%, primarily due to investments in labor including enhancements in retail store partner wages (approximately 250 basis points) as well as increased spend on partner training and support costs (approximately 100 basis points), inflationary pressures on commodities and our supply chain (approximately 340 basis points) and lapping temporary subsidies provided by the CARES Act and CEWS (approximately 70 basis points). These were partially offset by strategic pricing (approximately 350 basis points), lower restructuring activities (approximately 70 basis points) and sales leverage.

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International (1)

	Quarter Ended										Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		$ Change		Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021		$ Change		Jul 3, 2022		Jun 27, 2021
							As a % of International Total Net Revenues										As a % of International Total Net Revenues
Net revenues:
Company-operated stores	$	1,162.3	$	1,433.3	$	(271.0)	73.3	%	84.9	%	$	4,011.1	$	4,259.7	$	(248.6)	77.7	%	85.1	%
Licensed stores	412.6		241.2		171.4		26.0		14.3		1,089.9		693.4		396.5		21.1		13.8
Other	9.8		13.5		(3.7)		0.6		0.8		62.1		53.8		8.3		1.2		1.1
Total net revenues	1,584.7		1,688.0		(103.3)		100.0		100.0		5,163.1		5,006.9		156.2		100.0		100.0
Product and distribution costs	550.3		518.0		32.3		34.7		30.7		1,746.8		1,582.2		164.6		33.8		31.6
Store operating expenses	632.5		620.1		12.4		39.9		36.7		2,019.3		1,868.8		150.5		39.1		37.3
Other operating expenses	60.2		40.0		20.2		3.8		2.4		138.8		107.5		31.3		2.7		2.1
Depreciation and amortization expenses	125.0		129.7		(4.7)		7.9		7.7		391.4		413.1		(21.7)		7.6		8.3
General and administrative expenses	81.8		94.9		(13.1)		5.2		5.6		252.7		262.0		(9.3)		4.9		5.2
Total operating expenses	1,449.8		1,402.7		47.1		91.5		83.1		4,549.0		4,233.6		315.4		88.1		84.6
Income from equity investees	0.4		42.0		(41.6)		—		2.5		1.6		95.0		(93.4)		—		1.9
Operating income	$	135.3	$	327.3	$	(192.0)	8.5	%	19.4	%	$	615.7	$	868.3	$	(252.6)	11.9	%	17.3	%
Store operating expenses as a % of company-operated stores revenue							54.4	%	43.3	%							50.3	%	43.9	%

(1)International licensed stores revenue, total net revenues, product and distribution costs, other operating expenses, general and administrative expenses, total operating expenses and operating income for the quarter and three quarters ended June 27, 2021, have been restated to conform with current period presentation.

For the quarter ended July 3, 2022 compared with the quarter ended June 27, 2021

Revenues

International total net revenues for the third quarter of fiscal 2022 decreased $103 million, or 6%, primarily due to an 18% decline in comparable store sales ($238 million), driven by a 15% decrease in customer transactions and a 4% decrease in average ticket, primarily attributable to COVID-19 related restrictions in China as well as unfavorable foreign currency translation ($148 million). These decreases were partially offset by higher product sales to and royalty revenues from our licensees ($134 million), 704 net new company operated store openings, or 10% increase, over the past 12 months ($90 million) as well as the conversion of our Korea market from a joint venture to a fully licensed market in the fourth quarter of fiscal 2021 ($64 million).

Operating Margin

International operating income for the third quarter of fiscal 2022 decreased 59% to $135 million, compared to $327 million in the third quarter of fiscal 2021. Operating margin decreased 1,090 basis points to 8.5%, primarily due to sales deleverage related to COVID-19 pandemic related impacts in our China market (approximately 910 basis points), higher commodity and supply chain costs due to inflationary pressures (approximately 220 basis points), lower temporary government subsidies (approximately 170 basis points) and investments and growth in retail store partner wages and benefits (approximately 130 basis points). These decreases were partially offset by sales leverage across markets outside of China.

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For the three quarters ended July 3, 2022 compared with the three quarters ended June 27, 2021

Revenues

International total net revenues for the first three quarters of fiscal 2022 increased $156 million, or 3%, primarily due to 704 net new Starbucks® company-operated stores, or a 10% increase over the past 12 months ($307 million). Additionally, there were higher product sales to and royalty revenues from our licensees ($274 million), primarily due to continuing improvement of our licensees from the COVID-19 pandemic. Also contributing to the increase was the conversion of our Korea market from a joint venture to a fully licensed market in the fourth quarter of fiscal 2021 ($143 million). These increases were partially offset by a 10% decline in comparable store sales ($389 million), driven by a 6% decrease in customer transactions and a 4% decrease in average ticket, primarily attributable to COVID-19 related restrictions in China and lapping the prior-year value-added-tax benefit in China as well as unfavorable foreign currency translation ($218 million).

Operating Margin

International operating income for the first three quarters of fiscal 2022 decreased 29% to $616 million, compared to $868 million for the same period in fiscal 2021. Operating margin decreased 540 basis points to 11.9%, primarily due to sales deleverage related to COVID-19 pandemic impacts in our China market (approximately 450 basis points), investments and growth in retail store partner wages and benefits (approximately 130 basis points), higher commodity and supply chain costs due to inflationary pressures (approximately 110 basis points), strategic initiatives (approximately 100 basis points) and portfolio shift impacts (approximately 90 basis points). These decreases were partially offset by sales leverage across markets outside of China.

Channel Development 

	Quarter Ended										Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		$ Change		Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021		$ Change		Jul 3, 2022		Jun 27, 2021
							As a % of Channel Development Total Net Revenues										As a % of Channel Development Total Net Revenues
Net revenues	$	479.7	$	414.0	$	65.7					$	1,359.9	$	1,155.3	$	204.6
Product and distribution costs	325.8		268.3		57.5		67.9	%	64.8	%	885.2		733.8		151.4		65.1	%	63.5	%
Other operating expenses	13.6		(9.9)		23.5		2.8		(2.4)		35.7		14.2		21.5		2.6		1.2
Depreciation and amortization expenses	—		0.2		(0.2)		—		—		0.1		0.9		(0.8)		—		0.1
General and administrative expenses	2.3		2.9		(0.6)		0.5		0.7		8.1		7.4		0.7		0.6		0.6
Total operating expenses	341.7		261.5		80.2		71.2		63.2		929.1		756.3		172.8		68.3		65.5
Income from equity investees	53.7		63.5		(9.8)		11.2		15.3		141.9		170.3		(28.4)		10.4		14.7
Operating income	$	191.7	$	216.0	$	(24.3)	40.0	%	52.2	%	$	572.7	$	569.3	$	3.4	42.1	%	49.3	%

For the quarter ended July 3, 2022 compared with the quarter ended June 27, 2021

Revenues

Channel Development total net revenues for the third quarter of fiscal 2022 increased $66 million, or 16%, primarily due to higher Global Coffee Alliance product sales and royalty revenue ($54 million) and growth in our ready-to-drink business ($18 million).

Operating Margin

Channel Development operating income for the third quarter of fiscal 2022 decreased 11% to $192 million, compared to $216 million in the third quarter of fiscal 2021. Operating margin decreased 1,220 basis points to 40.0%, primarily due to lapping a change in estimate relating to a transaction cost accrual (approximately 550 basis points), a decline in our North American Coffee Partnership joint venture income due to inflationary pressures and supply chain constraints (approximately 430 basis points) and business mix shift (approximately 230 basis points).

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For the three quarters ended July 3, 2022 compared with the three quarters ended June 27, 2021

Revenues

Channel Development total net revenues for the first three quarters of fiscal 2022 increased $205 million, or 18%, primarily due to higher Global Coffee Alliance product sales and royalty revenue ($161 million) and growth in our ready-to-drink business ($52 million).

Operating Margin

Channel Development operating income for the first three quarters of fiscal 2022 increased 1% to $573 million, compared to $569 million for the same period in fiscal 2021. Operating margin decreased 720 basis points to 42.1%, primarily due to a decline in our North American Coffee Partnership joint venture income due to inflationary pressures and supply chain constraints (approximately 440 basis points), lapping a change in estimate relating to a transaction cost accrual (approximately 200 basis points), and business mix shift (approximately 160 basis points).

Corporate and Other (1)    

	Quarter Ended								Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		$ Change		% Change		Jul 3, 2022		Jun 27, 2021		$ Change		% Change
Net revenues:
Other	$	27.3	$	23.8	$	3.5	14.7	%	$	76.7	$	66.8	$	9.9	14.8	%
Total net revenues	27.3		23.8		3.5		14.7		76.7		66.8		9.9		14.8
Product and distribution costs	24.3		19.8		4.5		22.7		67.9		58.1		9.8		16.9
Other operating expenses	5.9		3.3		2.6		78.8		13.2		10.4		2.8		26.9
Depreciation and amortization expenses	30.6		35.5		(4.9)		(13.8)		95.8		109.1		(13.3)		(12.2)
General and administrative expenses	326.1		324.1		2.0		0.6		1,008.7		940.4		68.3		7.3
Restructuring and impairments	2.0		—		2.0		nm		2.0		—		2.0		nm
Total operating expenses	388.9		382.7		6.2		1.6		1,187.6		1,118.0		69.6		6.2
Operating loss	$	(361.6)	$	(358.9)	$	(2.7)	0.8	%	$	(1,110.9)	$	(1,051.2)	$	(59.7)	5.7	%

(1)Corporate and other general and administrative expenses, total operating expenses and operating loss for the quarter and three quarters ended June 27, 2021, have been restated to conform with current period presentation.

Corporate and Other primarily consists of our unallocated corporate expenses, as well as Evolution Fresh. Unallocated corporate expenses include corporate administrative functions that support the operating segments but are not specifically attributable to or managed by any segment and are not included in the reported financial results of the operating segments.

In May 2022, the company announced entry into a definitive agreement to sell our Evolution Fresh brand and business. The transaction closed on August 1st. We do not expect a material impact to our future financial results.

For the quarter ended July 3, 2022 compared with the quarter ended June 27, 2021

Corporate and Other operating loss increased to $362 million for the third quarter of fiscal 2022, or 1%, compared to $359 million for the third quarter of fiscal 2021. This increase was primarily driven by incremental investments in technology ($17 million), increased partner wages and benefits ($11 million) and increased support costs to address labor market conditions ($11 million). These increases were partially offset by lower performance-based compensation ($31 million).

For the three quarters ended July 3, 2022 compared with the three quarters ended June 27, 2021

Corporate and Other operating loss increased to $1,111 million for the first three quarters of fiscal 2022, or 6%, compared to $1,051 million for the same period in fiscal 2021. This increase was primarily driven by incremental investments in technology ($62 million), increased partner wages and benefits ($32 million) and increased support costs to address labor market conditions ($23 million). These increases were partially offset by lower performance-based compensation ($55 million).

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Quarterly Store Data

Our store data for the periods presented is as follows:

	Net stores opened/(closed) and transferred during the period
	Quarter Ended		Three Quarters Ended		Stores open as of
	Jul 3, 2022	Jun 27, 2021	Jul 3, 2022	Jun 27, 2021	Jul 3, 2022	Jun 27, 2021
North America
Company-operated stores	96	40	189	(249)	10,050	9,860
Licensed stores	28	11	35	61	7,000	6,892
Total North America (1)	124	51	224	(188)	17,050	16,752
International
Company-operated stores	130	177	445	485	7,717	7,013
Licensed stores	64	124	446	338	10,181	9,530
Total International (1)	194	301	891	823	17,898	16,543
Total Company	318	352	1,115	635	34,948	33,295

(1)North America and International licensed stores as of June 27, 2021, have been recast as a result of our fiscal 2021 operating segment reporting structure realignment.

Financial Condition, Liquidity and Capital Resources

Investment Overview

Our cash and investments totaled $3.5 billion as of July 3, 2022 and $6.9 billion as of October 3, 2021. We actively manage our cash and investments in order to internally fund operating needs, make scheduled interest and principal payments on our borrowings, make acquisitions and return cash to shareholders through common stock cash dividend payments and share repurchases. Our investment portfolio primarily includes highly liquid available-for-sale securities, including corporate debt securities and government treasury securities (foreign and domestic). As of July 3, 2022, approximately $2.8 billion of cash was held in foreign subsidiaries.

Borrowing Capacity

Revolving Credit Facility

Our $3 billion unsecured five-year revolving credit facility (the “2021 credit facility”), of which $150 million may be used for issuances of letters of credit, is currently set to mature on September 16, 2026. The 2021 credit facility is available for working capital, capital expenditures and other corporate purposes, including acquisitions and share repurchases. We have the option, subject to negotiation and agreement with the related banks, to increase the maximum commitment amount by an additional $1.0 billion.

Borrowings under the 2021 credit facility will bear interest at a variable rate based on LIBOR, and, for U.S. dollar-denominated loans under certain circumstances, a Base Rate (as defined in the 2021 credit facility), in each case plus an applicable margin. The applicable margin is based on the Company’s long-term credit ratings assigned by the Moody’s and Standard & Poor’s rating agencies. The 2021 credit facility contains alternative interest rate provisions specifying rate calculations to be used at such time LIBOR ceases to be available as a benchmark due to reference rate reform. The “Base Rate” is the highest of (i) the Federal Funds Rate (as defined in the 2021 credit facility) plus 0.050%, (ii) Bank of America’s prime rate and (iii) the Eurocurrency Rate (as defined in the 2021 credit facility) plus 1.000%.

The 2021 credit facility contains provisions requiring us to maintain compliance with certain covenants, including a minimum fixed charge coverage ratio, which measures our ability to cover financing expenses. As of July 3, 2022, we were in compliance with all applicable covenants. No amounts were outstanding under our 2021 credit facility as of July 3, 2022 or October 3, 2021.

Commercial Paper

Under our commercial paper program, we may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $3.0 billion, with individual maturities that may vary but not exceed 397 days from the date of issue. Amounts outstanding under the commercial paper program are required to be backstopped by available commitments under the 2021 credit facility discussed above. The proceeds from borrowings under our commercial paper program may be used for working capital needs, capital expenditures and other corporate purposes, including, but not limited to, business expansion, payment of cash dividends on our common stock and share repurchases. As of July 3, 2022, we had $200 million of borrowings

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outstanding under our commercial paper program. As of October 3, 2021, we had no borrowings outstanding under this program. Our total contractual borrowing capacity for general corporate purposes was $2.8 billion as of the end of our third quarter of fiscal 2022.

Credit facilities in Japan

Additionally, we hold Japanese yen-denominated credit facilities for the use of our Japan subsidiary. These are available for working capital needs and capital expenditures within our Japanese market.

•A ¥5 billion, or $36.8 million, credit facility is currently set to mature on December 31, 2022. Borrowings under such credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.400%.

•A ¥10 billion, or $73.7 million, credit facility is currently set to mature on March 27, 2023. Borrowings under such credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.350%.

As of July 3, 2022 and October 3, 2021, we had no borrowings outstanding under these Japanese yen-denominated credit facilities.

See Note 7, Debt, to the consolidated financial statements included in Item 1 of Part I of this 10-Q for details of the components of our long-term debt.

Our ability to incur new liens and conduct sale and leaseback transactions on certain material properties is subject to compliance with terms of the indentures under which the long-term notes were issued. As of July 3, 2022, we were in compliance with all applicable covenants.

Use of Cash

We expect to use our available cash and investments, including, but not limited to, additional potential future borrowings under the credit facilities, commercial paper program and the issuance of debt to support and invest in our core businesses, including investing in new ways to serve our customers and supporting our store partners, repaying maturing debts, as well as returning cash to shareholders through common stock cash dividend payments and discretionary share repurchases and investing in new business opportunities related to our core and developing businesses. Furthermore, we may use our available cash resources to make proportionate capital contributions to our investees. We may also seek strategic acquisitions to leverage existing capabilities and further build our business. Acquisitions may include increasing our ownership interests in our investees. Any decisions to increase such ownership interests will be driven by valuation and fit with our ownership strategy.

We believe that net future cash flows generated from operations and existing cash and investments both domestically and internationally combined with our ability to leverage our balance sheet through the issuance of debt will be sufficient to finance capital requirements for our core businesses as well as shareholder distributions for at least the next 12 months. We are currently not aware of any trends or demands, commitments, events or uncertainties that will result in, or that are reasonably likely to result in, our liquidity increasing or decreasing in any material way that will impact our capital needs during or beyond the next 12 months. We have borrowed funds and continue to believe we have the ability to do so at reasonable interest rates; however, additional borrowings would result in increased interest expense in the future. In this regard, we may incur additional debt, within targeted levels, as part of our plans to fund our capital programs, including cash returns to shareholders through future dividends and discretionary share repurchases as well as investing in new business opportunities. If necessary, we may pursue additional sources of financing, including both short-term and long-term borrowings and debt issuances.

We regularly review our cash positions and our determination of indefinite reinvestment of foreign earnings. In the event we determine that all or a portion of such foreign earnings are no longer indefinitely reinvested, we may be subject to additional foreign withholding taxes and U.S. state income taxes, which could be material. We do not anticipate the need for repatriated funds to the U.S. to satisfy domestic liquidity needs.

During the third quarter of fiscal 2022, our Board of Directors approved a quarterly cash dividend to shareholders of $0.49 per share to be paid on August 26, 2022 to shareholders of record as of the close of business on August 12, 2022.

During the first quarter of fiscal 2022, we resumed our share repurchase program which was temporarily suspended in March 2020. During the three quarters ended July 3, 2022, we repurchased 36.3 million shares of common stock for $4.0 billion. On March 15, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional 40 million shares under our ongoing share repurchase program. On April 4, 2022, we announced a temporary suspension of our share repurchase program to allow us to augment investments in our stores and partners. Repurchases pursuant to this program were last made on April 1, 2022. As of July 3, 2022, 52.6 million shares remained available for repurchase under current authorizations.

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Other than normal operating expenses, cash requirements for the remainder of fiscal 2022 are expected to consist primarily of capital expenditures for investments in our new and existing stores, our supply chain and corporate facilities. Total capital expenditures for fiscal 2022 are expected to be approximately $2 billion.

In the MD&A included in the 10-K, we disclosed that we had $33.7 billion of current and long-term material cash requirements as of October 3, 2021. There have been no material changes to our material cash requirements during the period covered by this 10-Q outside of the normal course of our business.

Cash Flows

Cash provided by operating activities was $3.3 billion for the first three quarters of fiscal 2022, compared to $4.5 billion for the same period in fiscal 2021. The change was primarily due to an increase in inventory and net cash used by changes in other operating assets and liabilities.

Cash used in investing activities for the first three quarters of fiscal 2022 totaled $1.4 billion, compared to cash used in investing activities of $1.0 billion for the same period in fiscal 2021. The change was primarily due to an increase in spend on capital expenditures.

Cash used in financing activities for the first three quarters of fiscal 2022 totaled $5.1 billion compared to cash used in financing activities of $3.2 billion for the same period in fiscal 2021. The increase was primarily due to resuming our share repurchase program, partially offset by net proceeds from issuance of long-term debt.

Commodity Prices, Availability and General Risk Conditions

Commodity price risk represents our primary market risk, generated by our purchases of green coffee and dairy products, among other items. We purchase, roast and sell high-quality arabica coffee and related products and risk arises from the price volatility of green coffee. In addition to coffee, we also purchase significant amounts of dairy products to support the needs of our company-operated stores. The price and availability of these commodities directly impact our results of operations, and we expect commodity prices, particularly coffee, to impact future results of operations. For additional details, see Product Supply in Item 1 of the 10-K, as well as Risk Factors in Item 1A of the 10-K.

Seasonality and Quarterly Results

Our business is subject to moderate seasonal fluctuations, of which our fiscal second quarter typically experiences lower revenues and operating income. However, the COVID-19 pandemic may have an impact on consumer behaviors and customer traffic that result in changes in the seasonal fluctuations of our business. Additionally, as our stored value cards are issued to and loaded by customers during the holiday season, we tend to have higher cash flows from operations during the first quarter of the fiscal year. However, since revenues from our stored value cards are recognized upon redemption and not when cash is loaded, the impact of seasonal fluctuations on the consolidated statements of earnings is much less pronounced. As a result of moderate seasonal fluctuations, results for any quarter are not necessarily indicative of the results that may be achieved for the full fiscal year.

RECENT ACCOUNTING PRONOUNCEMENTS

See Note 1, Summary of Significant Accounting Policies and Estimates, to the consolidated financial statements included in Item 1 of Part I of this 10-Q, for a detailed description of recent accounting pronouncements.

Item 3.Quantitative and Qualitative Disclosures About Market Risk

There has been no material change in the commodity price risk, foreign currency exchange risk, equity security price risk or interest rate risk discussed in Item 7A of the 10-K.

Item 4. Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that material information required to be disclosed in our periodic reports filed or submitted under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Our disclosure controls and procedures are also designed to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

During the third quarter of fiscal 2022, we carried out an evaluation, under the supervision and with the participation of our management, including our interim chief executive officer and our chief financial officer, of the effectiveness of the design and operation of the disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act.

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Based upon that evaluation, our interim chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective, as of the end of the period covered by this report (July 3, 2022).

There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during our most recently completed fiscal quarter that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II — OTHER INFORMATION

Item 1.Legal Proceedings

See Note 14, Commitments and Contingencies, to the consolidated financial statements included in Item 1 of Part I of this 10-Q for information regarding certain legal proceedings in which we are involved.

Item 1A.Risk Factors

In addition to the other information set forth in this 10-Q, you should carefully consider the risks and uncertainties discussed in Part I, Item 1A. Risk Factors in our 10-K and Part II, Item 1A. Risk Factors in our first quarter 2022 Form 10-Q, which could materially adversely affect our business, financial condition, or future results. There have been no material changes to the risk factors disclosed our 10-K and our first quarter 2022 Form 10-Q.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds

Shares under our ongoing share repurchase program may be repurchased in open market transactions, including pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Exchange Act, or through privately negotiated transactions. The timing, manner, price and amount of repurchases will be determined at our discretion and the share repurchase program may be suspended, terminated or modified at any time for any reason. On April 4, 2022, we announced a temporary suspension of our share repurchase program to allow us to augment investments in our stores and partners. During the third fiscal quarter ended July 3, 2022, there was no share repurchase activity.

Item 3.Defaults upon Senior Securities

None.

Item 4.Mine Safety Disclosures

Not applicable.

Item 5.Other Information

None.

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Item 6.Exhibits

		Incorporated by Reference
Exhibit No.	Exhibit Description	Form	File No.	Date of Filing	Exhibit Number	Filed Herewith
3.1	Restated Articles of Incorporation of Starbucks Corporation	10-Q	000-20322	04/28/2015	3.1
3.2	Amended and Restated Bylaws of Starbucks Corporation (As amended and restated through March 17, 2021)	8-K	000-20322	03/19/2021	3.1
31.1	Certification of Principal Executive Officer Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	—	—	—	—	X
31.2	Certification of Principal Financial Officer Pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	—	—	—	—	X
32*	Certifications of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	—	—	—	—	—
101	The following financial statements from the Company's 10-Q for the fiscal quarter ended July 3, 2022, formatted in iXBRL: (i) Consolidated Statements of Earnings, (ii) Consolidated Statements of Comprehensive Income, (iii) Consolidated Balance Sheets, (iv) Consolidated Statements of Cash Flows, (v) Consolidated Statements of Equity and (vi) Notes to Consolidated Financial Statements	—	—	—	—	X
104	Cover Page Interactive Data File (formatted in iXBRL and contained in Exhibit 101)	—	—	—	—	X

* Furnished herewith.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

August 2, 2022

 

STARBUCKS CORPORATION
By:	/s/ Rachel Ruggeri
	Rachel Ruggeri
	executive vice president, chief financial officer
	Signing on behalf of the registrant and as principal financial officer

46

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO RULE 13a-14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Howard Schultz, certify that: 

1.I have reviewed this Quarterly Report on Form 10-Q for the fiscal quarter ended July 3, 2022, of Starbucks Corporation;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 2, 2022

/s/ Howard Schultz

Howard Schultz

interim chief executive officer

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO RULE 13a-14(a) OF THE SECURITIES EXCHANGE ACT OF 1934

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Rachel Ruggeri, certify that: 

1.I have reviewed this Quarterly Report on Form 10-Q for the fiscal quarter ended July 3, 2022, of Starbucks Corporation;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 2, 2022

/s/ Rachel Ruggeri

Rachel Ruggeri

executive vice president, chief financial officer

EX-32

Exhibit 32

CERTIFICATIONS PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Starbucks Corporation (“Starbucks”) on Form 10-Q for the fiscal quarter ended July 3, 2022, as filed with the Securities and Exchange Commission on August 2, 2022 (the “Report”), Howard Schultz, interim chief executive officer of Starbucks, and Rachel Ruggeri, executive vice president, chief financial officer of Starbucks, each hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to his or her knowledge:

(1)the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Starbucks.

August 2, 2022

/s/ Howard Schultz

Howard Schultz

interim chief executive officer

August 2, 2022

/s/ Rachel Ruggeri

Rachel Ruggeri

executive vice president, chief financial officer

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	Jul. 03, 2022	Jul. 27, 2022
Entity Information [Line Items]
Entity Incorporation, State or Country Code	WA
Title of 12(b) Security	Common Stock, par value $0.001 per share
Document Type	10-Q
Document Quarterly Report	true
Amendment Flag	false
Document Period End Date	Jul. 03, 2022
Document Transition Report	false
Entity File Number	000-20322
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Trading Symbol	SBUX
Entity Central Index Key	0000829224
Current Fiscal Year End Date	--10-02
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		1,147.4
Entity Registrant Name	Starbucks Corporation
Entity Address, Address Line One	2401 Utah Avenue South
Entity Address, City or Town	Seattle
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98134
City Area Code	206
Local Phone Number	447-1575
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
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XML

Condensed Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Total net revenues	$ 8,150.1	$ 7,496.5	$ 23,836.1	$ 20,913.9
Product and distribution costs	2,613.6	2,206.0	7,606.4	6,247.5
Store operating expenses	3,302.5	2,966.9	10,017.1	8,657.6
Other operating expenses	135.1	71.4	338.4	250.8
Depreciation and amortization expenses	356.8	354.3	1,090.5	1,087.0
General and administrative expenses	486.7	494.9	1,494.0	1,431.4
Restructuring and impairments	14.0	19.8	10.9	115.0
Total operating expenses	6,908.7	6,113.3	20,557.3	17,789.3
Income from equity investees	54.1	105.5	143.5	265.3
Operating income	1,295.5	1,488.7	3,422.3	3,389.9
Interest income and other, net	19.8	36.0	66.0	68.6
Interest expense	(123.1)	(113.4)	(357.6)	(349.2)
Earnings before income taxes	1,192.2	1,411.3	3,130.7	3,109.3
Income tax expense	278.5	257.1	725.9	673.6
Net earnings including noncontrolling interests	913.7	1,154.2	2,404.8	2,435.7
Net earnings attributable to noncontrolling interests	0.8	0.8	1.5	0.8
Net earnings attributable to Starbucks	$ 912.9	$ 1,153.4	$ 2,403.3	$ 2,434.9
EPS — basic	$ 0.80	$ 0.98	$ 2.08	$ 2.07
EPS — diluted	$ 0.79	$ 0.97	$ 2.07	$ 2.06
Weighted average shares outstanding:
Basic	1,147.0	1,178.5	1,155.3	1,177.0
Diluted	1,151.0	1,186.2	1,160.5	1,184.7
Company-operated stores [Member]
Total net revenues	$ 6,675.5	$ 6,363.1	$ 19,674.7	$ 17,742.8
Licensed stores [Member]
Total net revenues	956.8	680.2	2,657.0	1,889.0
Product and Service, Other [Member]
Total net revenues	$ 517.8	$ 453.2	$ 1,504.4	$ 1,282.1

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Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Net earnings including noncontrolling interests	$ 913.7	$ 1,154.2	$ 2,404.8	$ 2,435.7
Other comprehensive loss, net of tax:
Other comprehensive loss	(325.3)	96.6	(212.2)	334.9
Comprehensive income including noncontrolling interests	588.4	1,250.8	2,192.6	2,770.6
Comprehensive income attributable to noncontrolling interests	0.8	0.8	1.5	0.8
Comprehensive income attributable to Starbucks	587.6	1,250.0	2,191.1	2,769.8
Available-for-sale Securities [Member]
Other comprehensive loss, net of tax:
Unrealized holding gains/(losses) on available-for-sale securities, before tax	(2.1)	(0.1)	(16.0)	(3.1)
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit	0.5	0.0	3.9	0.6
Cash Flow Hedging [Member]
Other comprehensive loss, net of tax:
Unrealized gains/(losses) on hedging instruments, before tax	54.4	34.0	210.3	138.9
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit	(13.4)	(1.1)	(39.5)	(27.9)
Net Investment Hedging [Member]
Other comprehensive loss, net of tax:
Unrealized gains/(losses) on hedging instruments, before tax	109.2	32.4	188.8	49.9
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit	(27.6)	(8.2)	(47.7)	(12.7)
Translation Adjustment [Member]
Other comprehensive loss, net of tax:
Translation adjustment and other, before tax	(396.9)	40.2	(421.2)	195.5
Translation adjustment and other, tax (expense)/benefit	0.0	0.0	0.0	2.2
Other comprehensive loss	(396.9)	40.2	(421.1)	197.7
Reclassification out of Accumulated Other Comprehensive Income [Member]
Other comprehensive loss, net of tax:
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, before tax	(59.2)	(1.6)	(109.5)	(13.1)
Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit)	$ 9.8	$ 1.0	$ 18.7	$ 4.6

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Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Par value of common stock	$ 0.001	$ 0.001
Authorized shares of common stock	2,400,000,000	2,400,000,000
Common Stock, Shares, Issued	1,146,900,000	1,180,000,000
Deferred Income Tax Assets, Net	$ 1,752.9	$ 1,874.8
Current assets:
Cash and cash equivalents	3,177.5	6,455.7
Short-term investments	76.9	162.2
Accounts receivable, net	1,146.1	940.0
Inventories	2,132.9	1,603.9
Prepaid expenses and other current assets	534.1	594.6
Total current assets	7,067.5	9,756.4
Long-term investments	292.5	281.7
Equity investments	302.7	268.5
Property, plant and equipment, net	6,408.2	6,369.5
Operating lease, right-of-use asset	8,037.1	8,236.0
Other long-term assets	640.7	578.5
Other intangible assets	203.4	349.9
Goodwill	3,451.2	3,677.3
TOTAL ASSETS	28,156.2	31,392.6
Current liabilities:
Accounts payable	1,489.8	1,211.6
Accrued liabilities	2,068.9	2,321.2
Accrued payroll and benefits	706.8	772.3
Current portion of operating lease liability	1,214.8	1,251.3
Stored value card liability and current portion of deferred revenue	1,723.0	1,596.1
Short-term debt	200.0	0.0
Current portion of long-term debt	999.1	998.9
Total current liabilities	8,402.4	8,151.4
Long-term debt	13,930.8	13,616.9
Operating lease liability	7,554.4	7,738.0
Deferred revenue	6,333.1	6,463.0
Other long-term liabilities	594.4	737.8
Total liabilities	36,815.1	36,707.1
Shareholders' deficit:
Common stock ($0.001 par value) — authorized, 2,400.0 shares; issued and outstanding, 1,146.9 and 1,180.0 shares, respectively	1.1	1.2
Additional paid-in capital	117.1	846.1
Retained deficit	(8,719.7)	(6,315.7)
Accumulated other comprehensive income/(loss)	(65.0)	147.2
Total shareholders’ deficit	(8,666.5)	(5,321.2)
Noncontrolling interests	7.6	6.7
Total deficit	(8,658.9)	(5,314.5)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT)	$ 28,156.2	$ 31,392.6

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Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 03, 2022	Oct. 03, 2021
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	2,400,000,000	2,400,000,000
Common stock, shares issued	1,146,900,000	1,180,000,000

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
OPERATING ACTIVITIES:
Net earnings including noncontrolling interests	$ 2,404.8	$ 2,435.7
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	1,169.0	1,146.2
Deferred income taxes, net	35.0	(113.2)
Income earned from equity method investees	(175.0)	(238.3)
Distributions received from equity method investees	145.9	226.7
Stock-based compensation	206.6	255.3
Non-cash lease costs	1,090.4	931.7
Loss on retirement and impairment of assets	89.6	204.7
Other	(44.7)	(6.8)
Cash provided by/(used in) changes in operating assets and liabilities:
Accounts receivable	(245.5)	(13.1)
Inventories	(557.3)	8.4
Accounts payable	341.7	108.2
Deferred revenue	32.7	52.4
Operating lease liability	(1,201.4)	(1,029.8)
Other operating assets and liabilities	5.8	500.3
Net cash provided by operating activities	3,297.6	4,468.4
INVESTING ACTIVITIES:
Purchases of investments	(117.3)	(367.3)
Sales of investments	72.6	130.4
Maturities and calls of investments	59.5	298.7
Additions to property, plant and equipment	(1,295.4)	(985.7)
Other	(95.7)	(62.3)
Net cash used in investing activities	(1,376.3)	(986.2)
FINANCING ACTIVITIES:
Net proceeds/(payments) from issuance of commercial paper	200.0	(296.5)
Net proceeds from issuance of short-term debt	38.9	215.6
Repayments of short-term debt	(38.9)	(346.2)
Proceeds from issuance of long-term debt	1,498.1	0.0
Repayments of long-term debt	1,000.0	(1,250.0)
Proceeds from issuance of common stock	75.5	191.6
Cash dividends paid	(1,701.1)	(1,588.2)
Repurchase of common stock	(4,013.0)	0.0
Minimum tax withholdings on share-based awards	(123.5)	(94.2)
Other	(9.2)	0.0
Net cash used in financing activities	(5,073.2)	(3,167.9)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	(126.3)	87.9
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(3,278.2)	402.2
CASH AND CASH EQUIVALENTS:
Beginning of period	6,455.7	4,350.9
End of period	3,177.5	4,753.1
Cash paid during the period for:
Interest, net of capitalized interest	344.9	373.6
Income taxes	$ 911.2	$ 407.9

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Condensed Consolidated Statements of Equity - USD ($) shares in Millions, $ in Millions	Total	Open Market [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings/(Deficit) [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]
Balance, Amount at Sep. 27, 2020	$ (7,799.4)		$ 1.2	$ 373.9	$ (7,815.6)	$ (364.6)	$ (7,805.1)	$ 5.7
Common Stock, Shares, Outstanding, Beginning Balance at Sep. 27, 2020			1,173.3
Cumulative effect of adoption of new accounting guidance	(2.2)		$ 0.0	0.0	(2.2)	0.0	(2.2)	0.0
Net earnings/(loss)	2,435.7		0.0	0.0	2,434.9	0.0	2,434.9	0.8
Other comprehensive loss	334.9		0.0	0.0	0.0	334.9	334.9	0.0
Stock-based compensation expense	258.1		$ 0.0	258.1	0.0	0.0	258.1	0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			5.4
Exercise of stock options/vesting of RSUs	65.7		$ 0.0	65.7	0.0	0.0	65.7	0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans			0.3
Sale of common stock	31.6		$ 0.0	31.6	0.0	0.0	31.6	0.0
Dividends, Cash	$ (2,118.7)		$ 0.0	0.0	(2,118.7)	0.0	(2,118.7)	0.0
Common Stock, Dividends, Per Share, Declared	$ 1.80
Common Stock, Shares, Outstanding at Jun. 27, 2021			1,179.0
Balance, Amount at Jun. 27, 2021	$ (6,794.3)		$ 1.2	729.3	(7,501.6)	(29.7)	(6,800.8)	6.5
Balance, Amount at Mar. 28, 2021	(7,648.3)		$ 1.2	595.4	(8,124.3)	(126.3)	(7,654.0)	5.7
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 28, 2021			1,177.9
Net earnings/(loss)	1,154.2		$ 0.0	0.0	1,153.4	0.0	1,153.4	0.8
Other comprehensive loss	96.6		0.0	0.0	0.0	96.6	96.6	0.0
Stock-based compensation expense	80.9		0.0	80.9	0.0	0.0	80.9	0.0
Exercise of stock options/vesting of RSUs	41.7		$ 0.0	41.7	0.0	0.0	41.7	0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans			0.1
Sale of common stock	11.3		$ 0.0	11.3	0.0	0.0	11.3	0.0
Dividends, Cash	$ (530.7)		$ 0.0	0.0	(530.7)	0.0	(530.7)	0.0
Common Stock, Dividends, Per Share, Declared	$ 0.45
Common Stock, Shares, Outstanding at Jun. 27, 2021			1,179.0
Balance, Amount at Jun. 27, 2021	$ (6,794.3)		$ 1.2	729.3	(7,501.6)	(29.7)	(6,800.8)	6.5
Total cost of common stock repurchased		$ 1.0
Balance, Amount at Oct. 03, 2021	(5,314.5)		$ 1.2	846.1	(6,315.7)	147.2	(5,321.2)	6.7
Common Stock, Shares, Outstanding, Beginning Balance at Oct. 03, 2021			1,180.0
Net earnings/(loss)	2,404.8		$ 0.0	0.0	2,403.3	0.0	2,403.3	1.5
Other comprehensive loss	(212.2)		0.0	0.0	0.0	(212.2)	(212.2)	0.0
Stock-based compensation expense	209.7		$ 0.0	209.7	0.0	0.0	209.7	0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			3.2
Exercise of stock options/vesting of RSUs	(82.8)		$ (0.1)	(82.7)	0.0	0.0	(82.8)	0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans			0.4
Sale of common stock	34.8		$ 0.0	34.8	0.0	0.0	34.8	0.0
Stock Repurchased and Retired During Period, Shares			(36.3)
Stock Repurchased and Retired During Period, Value	(4,013.0)		$ 0.0	(890.8)	(3,122.2)	0.0	(4,013.0)	0.0
Dividends, Cash	(1,685.1)		$ 0.0	0.0	(1,685.1)	0.0	(1,685.1)	0.0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	$ 0.6							(0.6)
Common Stock, Dividends, Per Share, Declared	$ 1.47
Common Stock, Shares, Outstanding at Jul. 03, 2022			1,147.3
Balance, Amount at Jul. 03, 2022	$ (8,658.9)		$ 1.1	117.1	(8,719.7)	(65.0)	(8,666.5)	7.6
Total cost of common stock repurchased		$ 4,000.0
Balance, Amount at Apr. 03, 2022	(8,761.2)		$ 1.1	41.1	(9,070.5)	260.3	(8,768.0)	6.8
Common Stock, Shares, Outstanding, Beginning Balance at Apr. 03, 2022			1,146.9
Net earnings/(loss)	913.7		$ 0.0	0.0	912.9	0.0	912.9	0.8
Other comprehensive loss	(325.3)		0.0	0.0	0.0	(325.3)	(325.3)	0.0
Stock-based compensation expense	58.2		$ 0.0	58.2	0.0	0.0	58.2	0.0
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			0.2
Exercise of stock options/vesting of RSUs	5.8		$ 0.0	5.8	0.0	0.0	5.8	0.0
Stock Issued During Period, Shares, Employee Stock Purchase Plans			0.2
Sale of common stock	12.0		$ 0.0	12.0	0.0	0.0	12.0	0.0
Dividends, Cash	$ (562.1)		$ 0.0	0.0	(562.1)	0.0	(562.1)	0.0
Common Stock, Dividends, Per Share, Declared	$ 0.49
Common Stock, Shares, Outstanding at Jul. 03, 2022			1,147.3
Balance, Amount at Jul. 03, 2022	$ (8,658.9)		$ 1.1	$ 117.1	$ (8,719.7)	$ (65.0)	$ (8,666.5)	$ 7.6

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Derivative Financial Instruments

9 Months Ended

Jul. 03, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Derivative Financial Instruments

Interest Rates

From time to time, we enter into designated cash flow hedges to manage the variability in cash flows due to changes in benchmark interest rates. We enter into interest rate swap agreements and treasury locks, which are synthetic forward sales of U.S. Treasury securities settled in cash based upon the difference between an agreed-upon treasury rate and the prevailing treasury rate at settlement. These agreements are cash settled at the time of the pricing of the related debt. Each derivative agreement's gain or loss is recorded in accumulated other comprehensive income (“AOCI”) and is subsequently reclassified to interest expense over the life of the related debt.

To hedge the exposure to changes in the fair value of our fixed-rate debt, we enter into interest rate swap agreements, which are designated as fair value hedges. The changes in fair values of these derivative instruments and the offsetting changes in fair values of the underlying hedged debt due to changes in the relevant benchmark interest rates are recorded in interest expense. Refer to Note 7, Debt, for additional information on our long-term debt.

Foreign Currency

To reduce cash flow volatility from foreign currency fluctuations, we enter into forward and swap contracts to hedge portions of cash flows of anticipated intercompany royalty payments, inventory purchases, and intercompany borrowing and lending activities. The resulting gains and losses from these derivatives are recorded in AOCI and subsequently reclassified to revenue, product and distribution costs, or interest income and other, net, respectively, when the hedged exposures affect net earnings.

From time to time, we may enter into financial instruments, including, but not limited to, forward and swap contracts or foreign currency-denominated debt, to hedge the currency exposure of our net investments in certain international operations. The resulting gains and losses from these derivatives are recorded in AOCI and are subsequently reclassified to net earnings when the hedged net investment is either sold or substantially liquidated.

Foreign currency forward and swap contracts not designated as hedging instruments are used to mitigate the foreign exchange risk of certain other balance sheet items. Gains and losses from these derivatives are largely offset by the financial impact of translating foreign currency-denominated payables and receivables, and these gains and losses are recorded in interest income and other, net.

Commodities

Depending on market conditions, we may enter into coffee forward contracts, futures contracts and collars to hedge anticipated cash flows under our price-to-be-fixed green coffee contracts, which are described further in Note 4, Inventories, or our longer-dated forecasted coffee demand where underlying fixed price and price-to-be-fixed contracts are not yet available. The resulting gains and losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.

Depending on market conditions, we may also enter into dairy forward contracts and futures contracts to hedge a portion of anticipated cash flows under our dairy purchase contracts and our forecasted dairy demand. The resulting gains or losses are recorded in AOCI and are subsequently reclassified to product and distribution costs when the hedged exposure affects net earnings.

Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. For de-designated cash flow hedges in which the underlying transactions are no longer probable of occurring, the related accumulated derivative gains or losses are recognized in interest income and other, net on our consolidated statements of earnings. Due to ongoing global supply chain disruptions, certain coffee cash flow hedges have been de-designated early which resulted in insignificant amounts recognized in earnings during the quarter and three quarters ended July 3, 2022. These derivatives may be accounted for prospectively as non-designated derivatives until maturity, re-designated to new hedging relationships or terminated early. We continue to believe transactions related to our other designated cash flow hedges are probable to occur.

To mitigate the price uncertainty of a portion of our future purchases, including diesel fuel and other commodities, we enter into swap contracts, futures and collars that are not designated as hedging instruments. The resulting gains and losses are recorded in interest income and other, net to help offset price fluctuations on our beverage, food, packaging and transportation costs, which are included in product and distribution costs on our consolidated statements of earnings.

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)
	Jul 3, 2022		Oct 3, 2021
Cash Flow Hedges:
Coffee	$	214.6	$	197.8	$	214.4	6
Cross-currency swaps	(0.7)		4.4		—		29
Dairy	(0.6)		(0.4)		(0.6)		14
Foreign currency - other	35.9		1.3		18.9		33
Interest rates	(3.2)		(44.8)		0.3		124
Net Investment Hedges:
Cross-currency swaps	68.4		37.9		—		87
Foreign currency	16.0		16.0		—		0
Foreign currency debt	97.4		(5.3)		—		21

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)
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Cash Flow Hedges:
Coffee	$	(19.3)	$	62.8	$	32.2	$	(2.5)	Product and distribution costs
Cross-currency swaps	12.9		3.1		(2.1)		0.2		Interest expense
					16.0		3.4		Interest income and other, net
Dairy	(1.4)		(1.7)		4.4		0.5		Product and distribution costs
Foreign currency - other	43.4		(5.1)		6.6		—		Licensed stores revenue
					(0.9)		(3.1)		Product and distribution costs
Interest rates	18.8		(25.1)		(0.6)		(0.3)		Interest expense
Net Investment Hedges:
Cross-currency swaps	37.0		20.6		3.8		3.3		Interest expense
Foreign currency debt	72.2		11.8		—		—
	Three Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Cash Flow Hedges:
Coffee	$	76.1	$	80.5	$	56.6	$	(5.2)	Product and distribution costs
Cross-currency swaps	22.3		13.5		(3.7)		1.8		Interest expense
					32.3		12.1		Interest income and other, net
Dairy	6.6		(0.1)		6.8		2.5		Product and distribution costs
Foreign currency - other	51.1		(23.9)		11.0		0.2		Licensed stores revenue
					(2.5)		(5.0)		Product and distribution costs
Interest rates	54.2		68.9		(1.5)		(1.4)		Interest expense
					—		(3.6)		Interest income and other, net
Net Investment Hedges:
Cross-currency swaps	51.2		10.2		10.7		9.9		Interest expense
Foreign currency debt	137.6		39.7		—		—

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
		Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Non-Designated Derivatives:
Dairy	Interest income and other, net	$	0.1	$	—	$	0.2	$	—
Foreign currency - other	Interest income and other, net	6.4		4.5		28.2		2.8
Coffee	Interest income and other, net	(0.2)		—		9.1		—
Diesel fuel and other commodities	Interest income and other, net	3.3		0.7		4.0		2.7
Fair Value Hedges:
Interest rate swap	Interest expense	(11.6)		(0.3)		(37.7)		(1.4)
Long-term debt (hedged item)	Interest expense	14.5		3.6		47.5		11.3

Notional amounts of outstanding derivative contracts (in millions):

	Jul 3, 2022		Oct 3, 2021
Coffee	$	717	$	481
Cross-currency swaps	757		806
Dairy	59		53
Diesel fuel and other commodities	12		10
Foreign currency - other	1,158		1,009
Interest rate swaps	1,600		1,250

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	Jul 3, 2022		Oct 3, 2021
Designated Derivative Instruments:
Cross-currency swaps	Other long-term assets	$	114.0	$	54.7
Coffee	Prepaid expenses and other current assets	—		130.5
Dairy	Prepaid expenses and other current assets	1.0		0.8
Foreign currency - other	Prepaid expenses and other current assets	26.5		8.9
	Other long-term assets	22.8		6.9
Interest rate swaps	Other long-term assets	54.5		22.7
Non-designated Derivative Instruments:
Diesel fuel and other commodities	Prepaid expenses and other current assets	2.2		0.1
Foreign currency	Prepaid expenses and other current assets	17.4		7.3
		Derivative Liabilities
	Balance Sheet Location	Jul 3, 2022		Oct 3, 2021
Designated Derivative Instruments:
Cross-currency swaps	Other long-term liabilities	$	—	$	3.3
Dairy	Accrued liabilities	1.0		0.9
Foreign currency - other	Accrued liabilities	2.6		7.4
	Other long-term liabilities	0.4		3.6
Interest rate swaps	Other long-term liabilities	17.4		1.3
Non-designated Derivative Instruments:
Dairy	Accrued liabilities	—		0.2
Foreign currency	Accrued liabilities	0.5		0.1

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
	Jul 3, 2022		Oct 3, 2021		Jul 3, 2022		Oct 3, 2021
Location on the balance sheet
Long-term debt	$	1,074.1	$	771.7	$	(25.9)	$	21.7

Additional disclosures related to cash flow gains and losses included in AOCI, as well as subsequent reclassifications to earnings, are included in Note 10, Equity.

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Fair Value Measurements

9 Months Ended

Jul. 03, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value MeasurementsAssets and liabilities measured at fair value on a recurring basis (in millions):

			Fair Value Measurements at Reporting Date Using
	Balance at July 3, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant  Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	3,177.5	$	3,177.5	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Commercial paper	0.2		—		0.2		—
Corporate debt securities	14.7		—		14.7		—
U.S. government treasury securities	0.2		0.2		—		—
Total available-for-sale debt securities	15.1		0.2		14.9		—
Marketable equity securities	61.8		61.8		—		—
Total short-term investments	76.9		62.0		14.9		—
Prepaid expenses and other current assets:
Derivative assets	47.1		—		47.1		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	145.0		—		145.0		—
Foreign government obligations	3.8		—		3.8		—
Mortgage and other asset-backed securities	56.8		—		56.8		—
State and local government obligations	1.4		—		1.4		—
U.S. government treasury securities	85.5		85.5		—		—
Total long-term investments	292.5		85.5		207.0		—
Other long-term assets:
Derivative assets	191.3		—		191.3		—
Structured Deposit	29.9		—		29.9		—
Total assets	$	3,815.2	$	3,325.0	$	490.2	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	4.1	$	—	$	4.1	$	—
Other long-term liabilities:
Derivative liabilities	17.8		—		17.8		—
Total liabilities	$	21.9	$	—	$	21.9	$	—

			Fair Value Measurements at Reporting Date Using
	Balance at October 3, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	6,455.7	$	6,455.7	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Commercial paper	63.0		—		63.0		—
Corporate debt securities	24.7		—		24.7		—
Mortgage and other asset-backed securities	0.1		—		0.1		—
Total available-for-sale debt securities	87.8		—		87.8		—
Marketable equity securities	74.4		74.4		—		—
Total short-term investments	162.2		74.4		87.8		—
Prepaid expenses and other current assets:
Derivative assets	147.6		131.1		16.5		—
Long-term investments:
Available-for-sale debt securities
Auction rate securities	6.0		—		—		6.0
Corporate debt securities	162.0		—		162.0		—
Foreign government obligations	4.0		—		4.0		—
Mortgage and other asset-backed securities	31.9		—		31.9		—
State and local government obligations	1.5		—		1.5		—
U.S. government treasury securities	76.3		76.3		—		—
Total long-term investments	281.7		76.3		199.4		6.0
Other long-term assets:
Derivative assets	84.3		—		84.3		—
Total assets	$	7,131.5	$	6,737.5	$	388.0	$	6.0
Liabilities:
Accrued liabilities:
Derivative liabilities	$	8.6	$	0.3	$	8.3	$	—
Other long-term liabilities:
Derivative liabilities	8.2		—		8.2		—
Total liabilities	$	16.8	$	0.3	$	16.5	$	—

There were no material transfers between levels and there was no significant activity within Level 3 instruments during the periods presented. The fair values of any financial instruments presented above exclude the impact of netting assets and liabilities when a legally enforceable master netting agreement exists.

Gross unrealized holding gains and losses on available-for-sale debt securities and marketable equity securities were not material as of July 3, 2022 and October 3, 2021.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Assets and liabilities recognized or disclosed at fair value on the consolidated financial statements on a nonrecurring basis include items such as property, plant and equipment, ROU assets, goodwill and other intangible assets and other assets. These assets are measured at fair value if determined to be impaired.

The estimated fair value of our long-term debt based on the quoted market price (Level 2) is included at Note 7, Debt. There were no material fair value adjustments during the three quarters ended July 3, 2022 and June 27, 2021.

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Inventories

9 Months Ended

Jul. 03, 2022

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Inventories (in millions):

	Jul 3, 2022		Oct 3, 2021
Coffee:
Unroasted	$	1,046.7	$	670.3
Roasted	295.4		233.5
Other merchandise held for sale	373.6		329.3
Packaging and other supplies	417.2		370.8
Total	$	2,132.9	$	1,603.9

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 July 3, 2022, we had committed to purchasing green coffee totaling $483 million under fixed-price contracts and an estimated $1.2 billion under price-to-be-fixed contracts. A portion of our price-to-be-fixed contracts are effectively fixed through the use of futures. See Note 2, 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 established relationships with our suppliers and continuous monitoring, the risk of non-delivery on these purchase commitments is remote.

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Supplemental Balance Sheet and Income Statement

9 Months Ended

Jul. 03, 2022

Balance Sheet Related Disclosures [Abstract]

Supplemental Balance Sheet and Income Statement Disclosures

Supplemental Balance Sheet and Statement of Earnings Information (in millions):Prepaid Expenses and Other Current Assets

	Jul 3, 2022		Oct 3, 2021
Income tax receivable	$	73.1	$	20.7
Government subsidies receivable	81.2		172.4
Other prepaid expenses and current assets	379.8		401.5
Total prepaid expenses and current assets	$	534.1	$	594.6

Property, Plant and Equipment, net

	Jul 3, 2022		Oct 3, 2021
Land	$	46.1	$	46.2
Buildings	562.8		587.6
Leasehold improvements	8,882.1		8,637.6
Store equipment	2,953.6		2,934.1
Roasting equipment	892.2		857.2
Furniture, fixtures and other	1,464.3		1,392.0
Work in progress	578.9		374.1
Property, plant and equipment, gross	15,380.0		14,828.8
Accumulated depreciation	(8,971.8)		(8,459.3)
Property, plant and equipment, net	$	6,408.2	$	6,369.5

Accrued Liabilities

	Jul 3, 2022		Oct 3, 2021
Accrued occupancy costs	$	86.3	$	107.1
Accrued dividends payable	562.1		578.1
Accrued capital and other operating expenditures	867.1		840.7
Self-insurance reserves	229.1		229.3
Income taxes payable	148.2		348.0
Accrued business taxes	176.1		218.0
Total accrued liabilities	$	2,068.9	$	2,321.2

Store Operating Expenses

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Wages and benefits	$	1,983.0	$	1,750.7	$	6,012.0	$	5,021.8
Occupancy costs	652.9		628.7		1,983.1		1,883.0
Other expenses	666.6		587.5		2,022.0		1,752.8
Total store operating expenses	$	3,302.5	$	2,966.9	$	10,017.1	$	8,657.6

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Other Intangible Assets and Goodwill

9 Months Ended

Jul. 03, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Other Intangible Assets and GoodwillIndefinite-Lived Intangible Assets

(in millions)	Jul 3, 2022		Oct 3, 2021
Trade names, trademarks and patents	$	97.1	$	96.4

Finite-Lived Intangible Assets

	Jul 3, 2022						Oct 3, 2021
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	1,054.3	$	(1,013.5)	$	40.8	$	1,141.5	$	(971.9)	$	169.6
Acquired trade secrets and processes	27.6		(26.8)		0.8		27.6		(24.8)		2.8
Trade names, trademarks and patents	128.0		(66.8)		61.2		126.3		(51.9)		74.4
Licensing agreements	18.0		(14.5)		3.5		18.8		(13.5)		5.3
Other finite-lived intangible assets	23.2		(23.2)		—		24.0		(22.6)		1.4
Total finite-lived intangible assets	$	1,251.1	$	(1,144.8)	$	106.3	$	1,338.2	$	(1,084.7)	$	253.5

Amortization expense for finite-lived intangible assets was $47.6 million and $147.0 million for the quarter and three quarters ended July 3, 2022, respectively and $50.0 million and $173.4 million for the quarter and three quarters ended June 27, 2021, respectively.

Estimated future amortization expense as of July 3, 2022 (in millions):

Fiscal Year	Total
2022 (excluding the three quarters ended July 3, 2022)	$	46.5
2023	20.8
2024	20.3
2025	14.4
2026	1.5
Thereafter	2.8
Total estimated future amortization expense	$	106.3

Goodwill

Changes in the carrying amount of goodwill by reportable operating segment (in millions):

	North America		International		Channel Development		Corporate and Other		Total
Goodwill balance at October 3, 2021	$	493.2	$	3,148.3	$	34.7	$	1.1	$	3,677.3
Other(1)	(0.4)		(225.7)		—		—		(226.1)
Goodwill balance at July 3, 2022	$	492.8	$	2,922.6	$	34.7	$	1.1	$	3,451.2

(1)“Other” consists of changes in the goodwill balance resulting from foreign currency translation.

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Debt

3 Months Ended

Jul. 03, 2022

Debt Disclosure [Abstract]

Debt

Debt

Revolving Credit Facility

Our $3 billion unsecured five-year revolving credit facility (the “2021 credit facility”), of which $150 million may be used for issuances of letters of credit, is currently set to mature on September 16, 2026. The 2021 credit facility is available for working capital, capital expenditures and other corporate purposes, including acquisitions and share repurchases. We have the option, subject to negotiation and agreement with the related banks, to increase the maximum commitment amount by an additional $1 billion.

Borrowings under the 2021 credit facility will bear interest at a variable rate based on LIBOR, and, for U.S. dollar-denominated loans under certain circumstances, a Base Rate (as defined in the 2021 credit facility), in each case plus an applicable margin. The applicable margin is based on the Company’s long-term credit ratings assigned by the Moody’s and Standard & Poor’s rating agencies. The 2021 credit facility contains alternative interest rate provisions specifying rate calculations to be used at such time LIBOR ceases to be available as a benchmark due to reference rate reform. The “Base Rate” is the highest of (i) the Federal Funds Rate (as defined in the 2021 credit facility) plus 0.050%, (ii) Bank of America’s prime rate, and (iii) the Eurocurrency Rate (as defined in the 2021 credit facility) plus 1.000%.

The 2021 credit facility contains provisions requiring us to maintain compliance with certain covenants, including a minimum fixed charge coverage ratio, which measures our ability to cover financing expenses. As of July 3, 2022, we were in compliance with all applicable covenants. No amounts were outstanding under our 2021 credit facility as of July 3, 2022 or October 3, 2021.

Short-term Debt

Under our commercial paper program, we may issue unsecured commercial paper notes up to a maximum aggregate amount outstanding at any time of $3 billion, with individual maturities that may vary but not exceed 397 days from the date of issue. Amounts outstanding under the commercial paper program are required to be backstopped by available commitments under our 2021 credit facility. The proceeds from borrowings under our commercial paper program may be used for working capital needs, capital expenditures and other corporate purposes, including, but not limited to, business expansion, payment of cash dividends on our common stock and share repurchases. As of July 3, 2022, we had $200 million in borrowings outstanding under the program. As of October 3, 2021, we had no borrowings outstanding under this program.

Additionally, we hold the following Japanese yen-denominated credit facilities that are available for working capital needs and capital expenditures within our Japanese market:

•A ¥5 billion, or $36.8 million, credit facility is currently set to mature on December 31, 2022. Borrowings under such credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on Tokyo Interbank Offered Rate ("TIBOR") plus an applicable margin of 0.400%.

•A ¥10 billion, or $73.7 million, credit facility is currently set to mature on March 27, 2023. Borrowings under such credit facility are subject to terms defined within the facility and will bear interest at a variable rate based on TIBOR plus an applicable margin of 0.350%.

As of July 3, 2022 and October 3, 2021, we had no borrowings outstanding under these Japanese yen-denominated credit facilities.

Long-term Debt

Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):

	Jul 3, 2022				Oct 3, 2021				Stated Interest Rate		Effective Interest Rate(1)
Issuance	Amount		Estimated Fair Value		Amount		Estimated Fair Value
May 2022 notes	$	—	$	—	$	500.0	$	503.1	1.300	%	1.334	%
June 2022 notes	—		—		500.0		506.7		2.700	%	2.819	%
March 2023 notes	1,000.0		1,001.7		1,000.0		1,035.9		3.100	%	3.107	%
October 2023 notes(2)	750.0		755.4		750.0		794.8		3.850	%	2.859	%
February 2024 notes(3)	500.0		497.1		—		—		1.504	%	1.735	%
March 2024 notes(4)	626.3		615.9		763.8		761.0		0.372	%	0.462	%
August 2025 notes	1,250.0		1,253.4		1,250.0		1,371.5		3.800	%	3.721	%
June 2026 notes	500.0		477.0		500.0		526.4		2.450	%	2.511	%
March 2027 notes	500.0		457.9		500.0		513.0		2.000	%	2.058	%
March 2028 notes	600.0		580.8		600.0		663.2		3.500	%	3.529	%
November 2028 notes	750.0		738.5		750.0		855.9		4.000	%	3.958	%
August 2029 notes(2)	1,000.0		946.8		1,000.0		1,109.9		3.550	%	3.840	%
March 2030 notes	750.0		640.2		750.0		758.6		2.250	%	3.084	%
November 2030 notes	1,250.0		1,073.7		1,250.0		1,286.9		2.550	%	2.582	%
February 2032 notes	1,000.0		878.0		—		—		3.000	%	3.155	%
June 2045 notes	350.0		310.7		350.0		414.1		4.300	%	4.348	%
December 2047 notes	500.0		408.3		500.0		556.5		3.750	%	3.765	%
November 2048 notes	1,000.0		912.8		1,000.0		1,248.6		4.500	%	4.504	%
August 2049 notes	1,000.0		909.0		1,000.0		1,241.0		4.450	%	4.447	%
March 2050 notes	500.0		379.9		500.0		527.5		3.350	%	3.362	%
November 2050 notes	1,250.0		987.1		1,250.0		1,339.5		3.500	%	3.528	%
Total	15,076.3		13,824.2		14,713.8		16,014.1
Aggregate debt issuance costs and unamortized premium/(discount), net	(120.5)				(119.7)
Hedge accounting fair value adjustment(2)	(25.9)				21.7
Total	$	14,929.9			$	14,615.8

(1)Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge interest rate risk prior to the debt issuance.

(2)Amount includes the change in fair value due to changes in benchmark interest rates related to hedging our October 2023 notes and $350 million of our August 2029 notes. Refer to Note 2, Derivative Financial Instruments, for additional information on our interest rate swaps designated as fair value hedges.

(3)Floating rate notes which bear interest at a rate equal to Compounded SOFR (as defined in the February 2024 notes) plus 0.420%, resulting in a stated interest rate of 1.504% at July 3, 2022.

(4)Japanese yen-denominated long-term debt.

The following table summarizes our long-term debt maturities as of July 3, 2022 by fiscal year (in millions):

Fiscal Year	Total
2023	$	1,000.0
2024	1,876.3
2025	1,250.0
2026	500.0
Thereafter	10,450.0
Total	$	15,076.3

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Leases

9 Months Ended

Jul. 03, 2022

Leases [Abstract]

Leases

Leases

The components of lease costs (in millions):

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Operating lease costs(1)	$	386.5	$	386.9	$	1,166.0	$	1,185.6
Variable lease costs	221.5		224.6		687.1		671.3
Short-term lease costs	6.9		7.4		21.1		23.7
Total lease costs	$	614.9	$	618.9	$	1,874.2	$	1,880.6

(1)Includes immaterial amounts of sublease income and rent concessions.

The following table includes supplemental information (in millions):

	Three Quarters Ended
	Jul 3, 2022			Jun 27, 2021
Cash paid related to operating lease liabilities	$	1,248.7		$	1,200.6
Operating lease liabilities arising from obtaining ROU assets	1,121.6			1,030.7
	Jul 3, 2022			Jun 27, 2021
Weighted-average remaining operating lease term	8.5 years			8.6 years
Weighted-average operating lease discount rate	2.5		%	2.5		%

Finance lease assets are recorded in property, plant and equipment, net with the corresponding lease liabilities included in accrued liabilities and other long-term liabilities on the consolidated balance sheet. There were no material finance leases as of July 3, 2022 and October 3, 2021.

Minimum future maturities of operating lease liabilities (in millions):

Fiscal Year	Total
2022 (excluding the three quarters ended July 3, 2022)	$	369.6
2023	1,467.7
2024	1,400.5
2025	1,259.3
2026	1,109.5
Thereafter	4,244.9
Total lease payments	9,851.5
Less imputed interest	(1,082.3)
Total	$	8,769.2

As of July 3, 2022, we have entered into operating leases that have not yet commenced of $1.1 billion, primarily related to real estate leases. These leases will commence between fiscal year 2022 and fiscal year 2028 with lease terms ranging from ten to twenty years.

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Deferred Revenue

9 Months Ended

Jul. 03, 2022

Revenue from Contract with Customer

Deferred Revenue

Our deferred revenue primarily consists of the prepaid royalty from Nestlé, for which we have continuing performance obligations to support the Global Coffee Alliance, our unredeemed stored value card liability and unredeemed loyalty points (“Stars”) associated with our loyalty program.

As of July 3, 2022, the current and long-term deferred revenue related to Nestlé was $177.0 million and $6.2 billion, respectively. As of October 3, 2021, the current and long-term deferred revenue related to the Nestlé up-front payment was $177.0 million and $6.4 billion, respectively. During the quarter and three quarters ended July 3, 2022, we recognized $44.1 million and $132.5 million of prepaid royalty revenue related to Nestlé, respectively. During the quarter and three quarters ended June 27, 2021, we recognized $44.2 million and $132.5 million of prepaid royalty revenue related to Nestlé, respectively.

Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):

Quarter Ended July 3, 2022	Total
Stored value cards and loyalty program at April 3, 2022	$	1,645.2
Revenue deferred - card activations, card reloads and Stars earned	3,282.6
Revenue recognized - card and Stars redemptions and breakage	(3,312.3)
Other(1)	(21.7)
Stored value cards and loyalty program at July 3, 2022(2)	$	1,593.8
Quarter Ended June 27, 2021	Total
Stored value cards and loyalty program at March 28, 2021	$	1,475.2
Revenue deferred - card activations, card reloads and Stars earned	3,170.7
Revenue recognized - card and Stars redemptions and breakage	(3,160.0)
Other(1)	2.1
Stored value cards and loyalty program at June 27, 2021(2)	$	1,488.0
Three Quarters Ended July 3, 2022	Total
Stored value cards and loyalty program at October 3, 2021	$	1,448.5
Revenue deferred - card activations, card reloads and Stars earned	10,324.1
Revenue recognized - card and Stars redemptions and breakage	(10,149.4)
Other(1)	(29.4)
Stored value cards and loyalty program at July 3, 2022(2)	$	1,593.8
Three Quarters Ended June 27, 2021	Total
Stored value cards and loyalty program at September 27, 2020	$	1,280.5
Revenue deferred - card activations, card reloads and Stars earned	9,317.8
Revenue recognized - card and Stars redemptions and breakage	(9,118.0)
Other(1)	7.7
Stored value cards and loyalty program at June 27, 2021(2)	$	1,488.0

(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.

(2)As of July 3, 2022 and June 27, 2021, approximately $1.5 billion and $1.4 billion of these amounts were current, respectively.

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Equity

9 Months Ended

Jul. 03, 2022

Equity [Abstract]

Equity

Equity Changes in AOCI by component, net of tax (in millions):

Quarter Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
July 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	(9.0)	$	251.7	$	103.0	$	(85.4)	$	260.3
Net gains/(losses) recognized in OCI before reclassifications	(1.6)		41.0		81.6		(396.9)		(275.9)
Net (gains)/losses reclassified from AOCI to earnings	0.1		(46.7)		(2.8)		—		(49.4)
Other comprehensive income/(loss) attributable to Starbucks	(1.5)		(5.7)		78.8		(396.9)		(325.3)
Net gains/(losses) in AOCI, end of period	$	(10.5)	$	246.0	$	181.8	$	(482.3)	$	(65.0)
June 27, 2021
Net gains/(losses) in AOCI, beginning of period	$	2.0	$	(5.7)	$	19.6	$	(142.2)	$	(126.3)
Net gains/(losses) recognized in OCI before reclassifications	(0.1)		32.9		24.2		40.2		97.2
Net (gains)/losses reclassified from AOCI to earnings	(0.2)		2.1		(2.5)		—		(0.6)
Other comprehensive income/(loss) attributable to Starbucks	(0.3)		35.0		21.7		40.2		96.6
Net gains/(losses) in AOCI, end of period	$	1.7	$	29.3	$	41.3	$	(102.0)	$	(29.7)
Three Quarters Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
July 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	1.5	$	158.3	$	48.6	$	(61.2)	$	147.2
Net gains/(losses) recognized in OCI before reclassifications	(12.1)		170.8		141.1		(421.2)		(121.4)
Net (gains)/losses reclassified from AOCI to earnings	0.1		(83.1)		(7.9)		0.1		(90.8)
Other comprehensive income/(loss) attributable to Starbucks	(12.0)		87.7		133.2		(421.1)		(212.2)
Net gains/(losses) in AOCI, end of period	$	(10.5)	$	246.0	$	181.8	$	(482.3)	$	(65.0)
June 27, 2021
Net gains/(losses) in AOCI, beginning of period	$	5.7	$	(82.1)	$	11.5	$	(299.7)	$	(364.6)
Net gains/(losses) recognized in OCI before reclassifications	(2.5)		111.0		37.2		197.7		343.4
Net (gains)/losses reclassified from AOCI to earnings	(1.5)		0.4		(7.4)		—		(8.5)
Other comprehensive income/(loss) attributable to Starbucks	(4.0)		111.4		29.8		197.7		334.9
Net gains/(losses) in AOCI, end of period	$	1.7	$	29.3	$	41.3	$	(102.0)	$	(29.7)

Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):

Quarter Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Jul 3, 2022		Jun 27, 2021
Gains/(losses) on available-for-sale debt securities	$	(0.2)	$	0.1	Interest income and other, net
Gains/(losses) on cash flow hedges	55.6		(1.8)		Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	3.8		3.3		Interest expense
	59.2		1.6		Total before tax
	(9.8)		(1.0)		Tax expense
	$	49.4	$	0.6	Net of tax
Three Quarters Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Jul 3, 2022		Jun 27, 2021
Gains/(losses) on available-for-sale debt securities	$	(0.2)	$	1.8	Interest income and other, net
Gains/(losses) on cash flow hedges	99.0		1.4		Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	10.7		9.9		Interest expense
	109.5		13.1		Total before tax
	(18.7)		(4.6)		Tax expense
	$	90.8	$	8.5	Net of tax

In addition to 2.4 billion shares of authorized common stock with $0.001 par value per share, the Company has authorized 7.5 million shares of preferred stock, none of which was outstanding as of July 3, 2022.

During the three quarters ended July 3, 2022, we repurchased 36.3 million shares of common stock for $4.0 billion. On March 15, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional 40 million shares under our ongoing share repurchase program. On April 4, 2022, we announced a temporary suspension of our share repurchase program to allow us to augment investments in our stores and partners. Repurchases pursuant to this program were last made on April 1, 2022. As of July 3, 2022, 52.6 million shares remained available for repurchase under current authorizations.

During the third quarter of fiscal 2022, our Board of Directors approved a quarterly cash dividend to shareholders of $0.49 per share to be paid on August 26, 2022 to shareholders of record as of the close of business on August 12, 2022.

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Employee Stock Plans

9 Months Ended

Jul. 03, 2022

Share-Based Payment Arrangement [Abstract]

Employee Stock Plans

Employee Stock Plans

As of July 3, 2022, there were 99.6 million shares of common stock available for issuance pursuant to future equity-based compensation awards and 10.9 million shares available for issuance under our employee stock purchase plan.

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Restricted Stock Units (“RSUs”)	$	57.4	$	79.8	$	207.2	$	253.3
Options	(0.1)		0.2		(0.6)		2.0
Total stock-based compensation expense	$	57.3	$	80.0	$	206.6	$	255.3

Stock option and RSU transactions from October 3, 2021 through July 3, 2022 (in millions):

	Stock Options		RSUs
Options outstanding/Nonvested RSUs, October 3, 2021	5.2		7.7
Granted	—		4.0
Options exercised/RSUs vested	(0.8)		(3.5)
Forfeited/expired	—		(1.0)
Options outstanding/Nonvested RSUs, July 3, 2022	4.4		7.2
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of July 3, 2022	$	0.0	$	196.3

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Income Taxes	9 Months Ended
	Jul. 03, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe effective tax rate for the quarter ended July 3, 2022 was 23.4% compared to 18.2% for the same quarter in fiscal 2021. The increase was primarily due to lapping a prior year remeasurement of deferred tax assets due to an enacted foreign corporate rate change (approximately 510 basis points).The effective tax rate for the first three quarters ended July 3, 2022 was 23.2% compared to 21.7% for the same period in fiscal 2021. The increase was primarily due to lapping a prior year remeasurement of deferred tax assets due to an enacted foreign corporate rate change (approximately 230 basis points).

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Earnings Per Share

9 Months Ended

Jul. 03, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per ShareCalculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Net earnings attributable to Starbucks	$	912.9	$	1,153.4	$	2,403.3	$	2,434.9
Weighted average common shares outstanding (for basic calculation)	1,147.0		1,178.5		1,155.3		1,177.0
Dilutive effect of outstanding common stock options and RSUs	4.0		7.7		5.2		7.7
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,151.0		1,186.2		1,160.5		1,184.7
EPS — basic	$	0.80	$	0.98	$	2.08	$	2.07
EPS — diluted	$	0.79	$	0.97	$	2.07	$	2.06

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding would exclude out-of-the-money stock options (i.e., such options’ exercise prices were greater than the average market price of our common shares for the period) because their inclusion would be anti-dilutive. As of July 3, 2022, we had an immaterial amount of anti-dilutive stock options and anti-dilutive unvested RSUs. As of June 27, 2021, we had no anti-dilutive stock options and an immaterial amount of anti-dilutive unvested RSUs

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Commitments and Contingencies

9 Months Ended

Jul. 03, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Commitments and Contingencies

Legal Proceedings

On April 13, 2010, an organization named Council for Education and Research on Toxics (“Plaintiff”) filed a lawsuit in the Superior Court of the State of California, County of Los Angeles, against the Company and certain other defendants who manufacture, package, distribute or sell brewed coffee. The lawsuit is captioned Council for Education and Research on Toxics v. Starbucks Corporation, et al. On May 9, 2011, the Plaintiff filed an additional lawsuit in the Superior Court of the State of California, County of Los Angeles, against the Company and additional defendants who manufacture, package, distribute or sell packaged coffee. The lawsuit is captioned Council for Education and Research on Toxics v. Brad Barry LLC, et al. Both cases have since been consolidated and now include nearly eighty defendants, which constitute the majority of the coffee industry in California. Plaintiff alleges that the Company and the other defendants failed to provide warnings for their coffee products of exposure to the chemical acrylamide as required under California Health and Safety Code Section 25249.5, the California Safe Drinking Water and Toxic Enforcement Act of 1986, better known as Proposition 65. Plaintiff seeks equitable relief, including providing warnings to consumers of coffee products, as well as civil penalties in the amount of the statutory maximum of two thousand five hundred dollars per day per alleged violation of Proposition 65. The Plaintiff asserts that every consumed cup of coffee, absent a compliant warning, is equivalent to a violation under Proposition 65.

The Company, as part of a joint defense group organized to defend against the lawsuit, disputes the claims of the Plaintiff. Acrylamide is not added to coffee but is present in all coffee in small amounts (parts per billion) as a byproduct of the coffee bean roasting process. The Company has asserted multiple affirmative defenses. Trial of the first phase of the case (“Phase 1”) commenced on September 8, 2014, and was limited to three affirmative defenses shared by all defendants. On September 1, 2015, the trial court issued a final ruling adverse to defendants on all Phase 1 defenses. Trial of the second phase of the case (“Phase 2”) commenced in the fall of 2017. On May 7, 2018, the trial court issued a ruling adverse to defendants on the Phase 2 defense, the Company's last remaining defense to liability. On June 22, 2018, the California Office of Environmental Health Hazard Assessment (OEHHA) proposed a new regulation clarifying that cancer warnings are not required for coffee under Proposition 65. The case was set to proceed to a third phase trial (“Phase 3”) on damages, remedies and attorneys' fees on October 15, 2018. However, on October 12, 2018, the California Court of Appeal granted the defendants’ request for a stay of the Phase 3 trial.

On June 3, 2019, the California Office of Administrative Law (OAL) approved the coffee exemption regulation. The regulation became effective on October 1, 2019. On June 24, 2019, the California Court of Appeal lifted the stay of the litigation. At the status conference on August 25, 2020, the trial judge granted the defendants’ motion for summary judgment, ruling that the coffee exemption regulation is a complete defense to the Plaintiff’s complaint. The Notice of Entry of Judgment from the court was served on October 6, 2020, and the Plaintiff filed a Notice of Appeal on November 20, 2020 and its opening brief in the appeals process on April 9, 2021. Defendants filed their response brief on August 27, 2021, and Plaintiff filed a reply on November 15, 2021. Starbucks believes that the likelihood that the Company will ultimately incur a material loss in connection with this litigation is less than reasonably possible. Accordingly, as of July 3, 2022, no loss contingency has been recorded for this matter.

Starbucks is party to various other legal proceedings arising in the ordinary course of business, including certain employment litigation cases that have been certified as class or collective actions, but, except as noted above, is not currently a party to any legal proceeding that management believes could have a material adverse effect on our consolidated financial position, results of operations or cash flows.

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Segment Reporting

9 Months Ended

Jul. 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								Three Quarters Ended
	Jul 3, 2022				Jun 27, 2021				Jul 3, 2022				Jun 27, 2021
Beverage(1)	$	4,944.6	61	%	$	4,753.1	63	%	$	14,442.9	61	%	$	13,222.6	63	%
Food(2)	1,472.0		18	%	1,311.2		18	%	4,271.5		18	%	3,578.2		17	%
Other(3)	1,733.5		21	%	1,432.2		19	%	5,121.7		21	%	4,113.1		20	%
Total	$	8,150.1	100	%	$	7,496.5	100	%	$	23,836.1	100	%	$	20,913.9	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
July 3, 2022
Total net revenues	$	6,058.4	$	1,584.7	$	479.7	$	27.3	$	8,150.1
Depreciation and amortization expenses	201.2		125.0		—		30.6		356.8
Income from equity investees	—		0.4		53.7		—		54.1
Operating income/(loss)	1,330.1		135.3		191.7		(361.6)		1,295.5
June 27, 2021
Total net revenues	$	5,370.7	$	1,688.0	$	414.0	$	23.8	$	7,496.5
Depreciation and amortization expenses	188.9		129.7		0.2		35.5		354.3
Income from equity investees	—		42.0		63.5		—		105.5
Operating income/(loss)	1,304.3		327.3		216.0		(358.9)		1,488.7
Three Quarters Ended
	North America (1)		International (1)		Channel Development		Corporate and Other (1)		Total
July 3, 2022
Total net revenues	$	17,236.4	$	5,163.1	$	1,359.9	$	76.7	$	23,836.1
Depreciation and amortization expenses	603.2		391.4		0.1		95.8		1,090.5
Income from equity investees	—		1.6		141.9		—		143.5
Operating income/(loss)	3,344.8		615.7		572.7		(1,110.9)		3,422.3
June 27, 2021
Total net revenues	$	14,684.9	$	5,006.9	$	1,155.3	$	66.8	$	20,913.9
Depreciation and amortization expenses	563.9		413.1		0.9		109.1		1,087.0
Income from equity investees	—		95.0		170.3		—		265.3
Operating income/(loss)	3,003.5		868.3		569.3		(1,051.2)		3,389.9

(1)North America and International total net revenues and operating income and Corporate and Other operating loss for the quarter and three quarters ended June 27, 2021, have been restated to conform with current period presentation.

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Jul. 03, 2022

Accounting Policies [Abstract]

Summary Of Significant Accounting Policies (Policies)

Summary of Significant Accounting Policies and Estimates

Financial Statement Preparation

The unaudited consolidated financial statements as of July 3, 2022, and for the quarter and three quarters ended July 3, 2022 and June 27, 2021, have been prepared by Starbucks Corporation under the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, the financial information for the quarter and three quarters ended July 3, 2022 and June 27, 2021 reflects all adjustments and accruals, which are of a normal recurring nature, necessary for a fair presentation of the financial position, results of operations and cash flows for the interim periods. In this Quarterly Report on Form 10-Q (“10-Q”), Starbucks Corporation is referred to as “Starbucks,” the “Company,” “we,” “us” or “our.”

Segment information is prepared on the same basis that our management reviews financial information for operational decision-making purposes. In the fourth quarter of fiscal 2021, certain changes were made to our management team, and our operating segment reporting structure was realigned as a result. We realigned our fully licensed Latin America and Caribbean markets from our Americas operating segment to our International operating segment. We renamed the Americas operating segment to the North America operating segment, since it is comprised of our company-operated and licensed stores in the U.S. and Canada. We also made certain other immaterial changes between our International operating segment and Corporate and Other. Certain prior period information for our North America and International operating segments and our Corporate and Other reportable segment has been reclassified to conform to the current year presentation. There was no impact on consolidated net revenues, total operating expenses, operating income or net earnings per share as a result of these changes.

Certain prior period information on the consolidated balance sheets and consolidated statements of cash flows have been reclassified to conform to the current presentation.

The financial information as of October 3, 2021 is derived from our audited consolidated financial statements and notes for the fiscal year ended October 3, 2021 (“fiscal 2021”) included in Item 8 in the Fiscal 2021 Annual Report on Form 10-K (“10-K”). The information included in this 10-Q should be read in conjunction with the footnotes and management’s discussion and analysis of the consolidated financial statements in the 10-K.

The results of operations for the quarter and three quarters ended July 3, 2022 are not necessarily indicative of the results of operations that may be achieved for the entire fiscal year ending October 2, 2022 (“fiscal 2022”). Our fiscal year ends on the Sunday closest to September 30. Our fiscal 2022 year includes 52 weeks while our fiscal 2021 year included 53 weeks, with the 53rd week falling in the fourth quarter of fiscal 2021.

The novel coronavirus, known as the global COVID-19 pandemic, was first identified in December 2019 before spreading to markets where we have company-operated or licensed stores. We have since established the necessary protocols to operate safely, and our businesses demonstrated powerful momentum beyond recovery from the COVID-19 pandemic. Certain markets, primarily China, continue to experience pandemic-related restrictions impacting sales as they battle COVID-19 resurgences and navigate through prolonged lockdowns. We continue to monitor the COVID-19 pandemic and its effect on our business and results of operations; however, we cannot predict the duration, scope or severity of the COVID-19 pandemic or its future impact on our business, results of operations, cash flows and financial condition.

Government Subsidies

In response to the COVID-19 pandemic, certain governments have provided subsidies and assistance to companies. The most substantial of these were the U.S. Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and the Canada Emergency Wage Subsidy (“CEWS”), which were no longer applicable in late fiscal 2021. During the quarter and three quarters ended June 27, 2021, qualified payroll and other credits reduced our store operating expenses by $56.4 million and $173.7 million, respectively, on our consolidated statements of earnings. After netting the qualified credits against our payable, a receivable of $81.2 million and $172.4 million was included in prepaid expenses and other current assets as of July 3, 2022 and October 3, 2021, respectively. As of July 3, 2022, deferred payroll tax payments of $116.4 million were included in accrued liabilities on our consolidated balance sheets. As of October 3, 2021, deferred payroll tax payments of $116.4 million were included in both accrued liabilities and other long-term liabilities on our consolidated balance sheets.

Restructuring

In the third quarter of fiscal 2022, we announced a plan to reinvent Starbucks to increase efficiency, enabling us to seamlessly handle increasing demand in our U.S. stores, and to elevate the partner and customer experiences. As of July 3, 2022, we identified an immaterial amount of stores for closure due to safety concerns under our U.S. reinvention restructuring plan; the resulting restructuring and impairments costs are immaterial to our consolidated statement of earnings. We estimate future

restructuring costs attributable to our reinvention plan to range from approximately $15 million to $20 million. Future restructuring costs are expected to be incurred over the next three to nine months.

In fiscal 2021, we substantially completed our plan to reposition our North America store portfolio, primarily in dense metropolitan markets by pursuing strategic store closures and focusing on new store formats that better cater to changing customer tastes and preferences. As a result, we recorded approximately $19.8 million and $115.0 million to restructuring and impairments on our consolidated statements of earnings during the quarter ended and three quarters ended June 27, 2021. Of these totals, $7.8 million and $59.0 million related to the impairment of store assets for which either a triggering event occurred and the assets were determined not to be recoverable or the store was permanently closed, respectively. During the quarter and three quarters ended June 27, 2021, an additional $12.2 million and $56.2 million, respectively, was associated with accelerated amortization of right-of-use (“ROU”) lease assets and other lease costs due to planned store closures prior to the end of contractual lease terms. As this restructuring plan was substantially completed in fiscal 2021, we did not recognize any material restructuring and impairment amounts related to this plan during the quarter and three quarters ended July 3, 2022.

As of July 3, 2022 and October 3, 2021, there were no material restructuring-related accrued liabilities on our consolidated balance sheets.

Recently Adopted Accounting Pronouncements

In the first quarter of fiscal 2022, we adopted the Financial Accounting Standards Board (“FASB”) issued guidance related to reference rate reform. The pronouncement provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. The adoption of the new guidance did not have a material impact to our financial statements.

In June 2016, the FASB issued guidance replacing the incurred loss impairment methodology with a new methodology that reflects current expected credit losses on financial assets, including receivables and available-for-sale securities. The new methodology requires entities to estimate and recognize expected credit losses each reporting period. The guidance was adopted during the first quarter of fiscal 2021 under the modified retrospective approach and resulted in a $2.2 million transition adjustment to opening shareholders' retained deficit on our consolidated statements of equity.

Recent Accounting Pronouncements (Policies)

Recently Adopted Accounting Pronouncements

In the first quarter of fiscal 2022, we adopted the Financial Accounting Standards Board (“FASB”) issued guidance related to reference rate reform. The pronouncement provides temporary optional expedients and exceptions to the current guidance on contract modifications and hedge accounting to ease the financial reporting burden related to the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates. The guidance was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. The adoption of the new guidance did not have a material impact to our financial statements.

In June 2016, the FASB issued guidance replacing the incurred loss impairment methodology with a new methodology that reflects current expected credit losses on financial assets, including receivables and available-for-sale securities. The new methodology requires entities to estimate and recognize expected credit losses each reporting period. The guidance was adopted during the first quarter of fiscal 2021 under the modified retrospective approach and resulted in a $2.2 million transition adjustment to opening shareholders' retained deficit on our consolidated statements of equity.

Fiscal Period, Policy

Our fiscal year ends on the Sunday closest to September 30. Our fiscal 2022 year includes 52 weeks while our fiscal 2021 year included 53 weeks, with the 53rd week falling in the fourth quarter of fiscal 2021.

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Derivative Financial Instruments (Tables)

9 Months Ended

Jul. 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)
	Jul 3, 2022		Oct 3, 2021
Cash Flow Hedges:
Coffee	$	214.6	$	197.8	$	214.4	6
Cross-currency swaps	(0.7)		4.4		—		29
Dairy	(0.6)		(0.4)		(0.6)		14
Foreign currency - other	35.9		1.3		18.9		33
Interest rates	(3.2)		(44.8)		0.3		124
Net Investment Hedges:
Cross-currency swaps	68.4		37.9		—		87
Foreign currency	16.0		16.0		—		0
Foreign currency debt	97.4		(5.3)		—		21

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)
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Cash Flow Hedges:
Coffee	$	(19.3)	$	62.8	$	32.2	$	(2.5)	Product and distribution costs
Cross-currency swaps	12.9		3.1		(2.1)		0.2		Interest expense
					16.0		3.4		Interest income and other, net
Dairy	(1.4)		(1.7)		4.4		0.5		Product and distribution costs
Foreign currency - other	43.4		(5.1)		6.6		—		Licensed stores revenue
					(0.9)		(3.1)		Product and distribution costs
Interest rates	18.8		(25.1)		(0.6)		(0.3)		Interest expense
Net Investment Hedges:
Cross-currency swaps	37.0		20.6		3.8		3.3		Interest expense
Foreign currency debt	72.2		11.8		—		—
	Three Quarters Ended
	Gains/(Losses) Recognized in OCI Before Reclassifications				Gains/(Losses) Reclassified from AOCI to Earnings				Location of gain/(loss)
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Cash Flow Hedges:
Coffee	$	76.1	$	80.5	$	56.6	$	(5.2)	Product and distribution costs
Cross-currency swaps	22.3		13.5		(3.7)		1.8		Interest expense
					32.3		12.1		Interest income and other, net
Dairy	6.6		(0.1)		6.8		2.5		Product and distribution costs
Foreign currency - other	51.1		(23.9)		11.0		0.2		Licensed stores revenue
					(2.5)		(5.0)		Product and distribution costs
Interest rates	54.2		68.9		(1.5)		(1.4)		Interest expense
					—		(3.6)		Interest income and other, net
Net Investment Hedges:
Cross-currency swaps	51.2		10.2		10.7		9.9		Interest expense
Foreign currency debt	137.6		39.7		—		—

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
		Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Non-Designated Derivatives:
Dairy	Interest income and other, net	$	0.1	$	—	$	0.2	$	—
Foreign currency - other	Interest income and other, net	6.4		4.5		28.2		2.8
Coffee	Interest income and other, net	(0.2)		—		9.1		—
Diesel fuel and other commodities	Interest income and other, net	3.3		0.7		4.0		2.7
Fair Value Hedges:
Interest rate swap	Interest expense	(11.6)		(0.3)		(37.7)		(1.4)
Long-term debt (hedged item)	Interest expense	14.5		3.6		47.5		11.3

Notional Amounts of Outstanding Derivative Contracts

Notional amounts of outstanding derivative contracts (in millions):

	Jul 3, 2022		Oct 3, 2021
Coffee	$	717	$	481
Cross-currency swaps	757		806
Dairy	59		53
Diesel fuel and other commodities	12		10
Foreign currency - other	1,158		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	Jul 3, 2022		Oct 3, 2021
Designated Derivative Instruments:
Cross-currency swaps	Other long-term assets	$	114.0	$	54.7
Coffee	Prepaid expenses and other current assets	—		130.5
Dairy	Prepaid expenses and other current assets	1.0		0.8
Foreign currency - other	Prepaid expenses and other current assets	26.5		8.9
	Other long-term assets	22.8		6.9
Interest rate swaps	Other long-term assets	54.5		22.7
Non-designated Derivative Instruments:
Diesel fuel and other commodities	Prepaid expenses and other current assets	2.2		0.1
Foreign currency	Prepaid expenses and other current assets	17.4		7.3
		Derivative Liabilities
	Balance Sheet Location	Jul 3, 2022		Oct 3, 2021
Designated Derivative Instruments:
Cross-currency swaps	Other long-term liabilities	$	—	$	3.3
Dairy	Accrued liabilities	1.0		0.9
Foreign currency - other	Accrued liabilities	2.6		7.4
	Other long-term liabilities	0.4		3.6
Interest rate swaps	Other long-term liabilities	17.4		1.3
Non-designated Derivative Instruments:
Dairy	Accrued liabilities	—		0.2
Foreign currency	Accrued liabilities	0.5		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
	Jul 3, 2022		Oct 3, 2021		Jul 3, 2022		Oct 3, 2021
Location on the balance sheet
Long-term debt	$	1,074.1	$	771.7	$	(25.9)	$	21.7

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Fair Value Measurements (Tables)

9 Months Ended

12 Months Ended

Jul. 03, 2022

Oct. 03, 2021

Fair Value Disclosures [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

			Fair Value Measurements at Reporting Date Using
	Balance at July 3, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant  Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	3,177.5	$	3,177.5	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Commercial paper	0.2		—		0.2		—
Corporate debt securities	14.7		—		14.7		—
U.S. government treasury securities	0.2		0.2		—		—
Total available-for-sale debt securities	15.1		0.2		14.9		—
Marketable equity securities	61.8		61.8		—		—
Total short-term investments	76.9		62.0		14.9		—
Prepaid expenses and other current assets:
Derivative assets	47.1		—		47.1		—
Long-term investments:
Available-for-sale debt securities
Corporate debt securities	145.0		—		145.0		—
Foreign government obligations	3.8		—		3.8		—
Mortgage and other asset-backed securities	56.8		—		56.8		—
State and local government obligations	1.4		—		1.4		—
U.S. government treasury securities	85.5		85.5		—		—
Total long-term investments	292.5		85.5		207.0		—
Other long-term assets:
Derivative assets	191.3		—		191.3		—
Structured Deposit	29.9		—		29.9		—
Total assets	$	3,815.2	$	3,325.0	$	490.2	$	—
Liabilities:
Accrued liabilities:
Derivative liabilities	$	4.1	$	—	$	4.1	$	—
Other long-term liabilities:
Derivative liabilities	17.8		—		17.8		—
Total liabilities	$	21.9	$	—	$	21.9	$	—

			Fair Value Measurements at Reporting Date Using
	Balance at October 3, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable  Inputs (Level 3)
Assets:
Cash and cash equivalents	$	6,455.7	$	6,455.7	$	—	$	—
Short-term investments:
Available-for-sale debt securities
Commercial paper	63.0		—		63.0		—
Corporate debt securities	24.7		—		24.7		—
Mortgage and other asset-backed securities	0.1		—		0.1		—
Total available-for-sale debt securities	87.8		—		87.8		—
Marketable equity securities	74.4		74.4		—		—
Total short-term investments	162.2		74.4		87.8		—
Prepaid expenses and other current assets:
Derivative assets	147.6		131.1		16.5		—
Long-term investments:
Available-for-sale debt securities
Auction rate securities	6.0		—		—		6.0
Corporate debt securities	162.0		—		162.0		—
Foreign government obligations	4.0		—		4.0		—
Mortgage and other asset-backed securities	31.9		—		31.9		—
State and local government obligations	1.5		—		1.5		—
U.S. government treasury securities	76.3		76.3		—		—
Total long-term investments	281.7		76.3		199.4		6.0
Other long-term assets:
Derivative assets	84.3		—		84.3		—
Total assets	$	7,131.5	$	6,737.5	$	388.0	$	6.0
Liabilities:
Accrued liabilities:
Derivative liabilities	$	8.6	$	0.3	$	8.3	$	—
Other long-term liabilities:
Derivative liabilities	8.2		—		8.2		—
Total liabilities	$	16.8	$	0.3	$	16.5	$	—

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Inventories (Tables)

9 Months Ended

Jul. 03, 2022

Inventory Disclosure [Abstract]

Inventories

	Jul 3, 2022		Oct 3, 2021
Coffee:
Unroasted	$	1,046.7	$	670.3
Roasted	295.4		233.5
Other merchandise held for sale	373.6		329.3
Packaging and other supplies	417.2		370.8
Total	$	2,132.9	$	1,603.9

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Supplemental Balance Sheet and Statement of Earnings Information (Tables)

9 Months Ended

Jul. 03, 2022

Balance Sheet Related Disclosures [Abstract]

Prepaid Expenses and Other Current Assets

Prepaid Expenses and Other Current Assets

	Jul 3, 2022		Oct 3, 2021
Income tax receivable	$	73.1	$	20.7
Government subsidies receivable	81.2		172.4
Other prepaid expenses and current assets	379.8		401.5
Total prepaid expenses and current assets	$	534.1	$	594.6

Property, Plant And Equipment, net

Property, Plant and Equipment, net

	Jul 3, 2022		Oct 3, 2021
Land	$	46.1	$	46.2
Buildings	562.8		587.6
Leasehold improvements	8,882.1		8,637.6
Store equipment	2,953.6		2,934.1
Roasting equipment	892.2		857.2
Furniture, fixtures and other	1,464.3		1,392.0
Work in progress	578.9		374.1
Property, plant and equipment, gross	15,380.0		14,828.8
Accumulated depreciation	(8,971.8)		(8,459.3)
Property, plant and equipment, net	$	6,408.2	$	6,369.5

Accrued Liabilities

Accrued Liabilities

	Jul 3, 2022		Oct 3, 2021
Accrued occupancy costs	$	86.3	$	107.1
Accrued dividends payable	562.1		578.1
Accrued capital and other operating expenditures	867.1		840.7
Self-insurance reserves	229.1		229.3
Income taxes payable	148.2		348.0
Accrued business taxes	176.1		218.0
Total accrued liabilities	$	2,068.9	$	2,321.2

Income Statement Related Disclosures [Abstract]

Store Operating Expenses

Store Operating Expenses

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Wages and benefits	$	1,983.0	$	1,750.7	$	6,012.0	$	5,021.8
Occupancy costs	652.9		628.7		1,983.1		1,883.0
Other expenses	666.6		587.5		2,022.0		1,752.8
Total store operating expenses	$	3,302.5	$	2,966.9	$	10,017.1	$	8,657.6

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Other Intangible Assets and Goodwill (Tables)

9 Months Ended

Jul. 03, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Indefinite-Lived Intangible Assets

(in millions)	Jul 3, 2022		Oct 3, 2021
Trade names, trademarks and patents	$	97.1	$	96.4

Finite-Lived Intangible Assets

	Jul 3, 2022						Oct 3, 2021
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired and reacquired rights	$	1,054.3	$	(1,013.5)	$	40.8	$	1,141.5	$	(971.9)	$	169.6
Acquired trade secrets and processes	27.6		(26.8)		0.8		27.6		(24.8)		2.8
Trade names, trademarks and patents	128.0		(66.8)		61.2		126.3		(51.9)		74.4
Licensing agreements	18.0		(14.5)		3.5		18.8		(13.5)		5.3
Other finite-lived intangible assets	23.2		(23.2)		—		24.0		(22.6)		1.4
Total finite-lived intangible assets	$	1,251.1	$	(1,144.8)	$	106.3	$	1,338.2	$	(1,084.7)	$	253.5

Estimated Future Amortization Expense

Estimated future amortization expense as of July 3, 2022 (in millions):

Fiscal Year	Total
2022 (excluding the three quarters ended July 3, 2022)	$	46.5
2023	20.8
2024	20.3
2025	14.4
2026	1.5
Thereafter	2.8
Total estimated future amortization expense	$	106.3

Changed in Carrying Amount of Goodwill by Reportable Operating Segment

Changes in the carrying amount of goodwill by reportable operating segment (in millions):

	North America		International		Channel Development		Corporate and Other		Total
Goodwill balance at October 3, 2021	$	493.2	$	3,148.3	$	34.7	$	1.1	$	3,677.3
Other(1)	(0.4)		(225.7)		—		—		(226.1)
Goodwill balance at July 3, 2022	$	492.8	$	2,922.6	$	34.7	$	1.1	$	3,451.2

(1)“Other” consists of changes in the goodwill balance resulting from foreign currency translation.

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Debt (Tables)

9 Months Ended

Jul. 03, 2022

Debt Disclosure [Abstract]

Components of Long-Term Debt Including Associated Interest Rates and Related Estimated Fair Values

Components of long-term debt including the associated interest rates and related estimated fair values by calendar maturity (in millions, except interest rates):

	Jul 3, 2022				Oct 3, 2021				Stated Interest Rate		Effective Interest Rate(1)
Issuance	Amount		Estimated Fair Value		Amount		Estimated Fair Value
May 2022 notes	$	—	$	—	$	500.0	$	503.1	1.300	%	1.334	%
June 2022 notes	—		—		500.0		506.7		2.700	%	2.819	%
March 2023 notes	1,000.0		1,001.7		1,000.0		1,035.9		3.100	%	3.107	%
October 2023 notes(2)	750.0		755.4		750.0		794.8		3.850	%	2.859	%
February 2024 notes(3)	500.0		497.1		—		—		1.504	%	1.735	%
March 2024 notes(4)	626.3		615.9		763.8		761.0		0.372	%	0.462	%
August 2025 notes	1,250.0		1,253.4		1,250.0		1,371.5		3.800	%	3.721	%
June 2026 notes	500.0		477.0		500.0		526.4		2.450	%	2.511	%
March 2027 notes	500.0		457.9		500.0		513.0		2.000	%	2.058	%
March 2028 notes	600.0		580.8		600.0		663.2		3.500	%	3.529	%
November 2028 notes	750.0		738.5		750.0		855.9		4.000	%	3.958	%
August 2029 notes(2)	1,000.0		946.8		1,000.0		1,109.9		3.550	%	3.840	%
March 2030 notes	750.0		640.2		750.0		758.6		2.250	%	3.084	%
November 2030 notes	1,250.0		1,073.7		1,250.0		1,286.9		2.550	%	2.582	%
February 2032 notes	1,000.0		878.0		—		—		3.000	%	3.155	%
June 2045 notes	350.0		310.7		350.0		414.1		4.300	%	4.348	%
December 2047 notes	500.0		408.3		500.0		556.5		3.750	%	3.765	%
November 2048 notes	1,000.0		912.8		1,000.0		1,248.6		4.500	%	4.504	%
August 2049 notes	1,000.0		909.0		1,000.0		1,241.0		4.450	%	4.447	%
March 2050 notes	500.0		379.9		500.0		527.5		3.350	%	3.362	%
November 2050 notes	1,250.0		987.1		1,250.0		1,339.5		3.500	%	3.528	%
Total	15,076.3		13,824.2		14,713.8		16,014.1
Aggregate debt issuance costs and unamortized premium/(discount), net	(120.5)				(119.7)
Hedge accounting fair value adjustment(2)	(25.9)				21.7
Total	$	14,929.9			$	14,615.8

(1)Includes the effects of the amortization of any premium or discount and any gain or loss upon settlement of related treasury locks or forward-starting interest rate swaps utilized to hedge interest rate risk prior to the debt issuance.

(2)Amount includes the change in fair value due to changes in benchmark interest rates related to hedging our October 2023 notes and $350 million of our August 2029 notes. Refer to Note 2, Derivative Financial Instruments, for additional information on our interest rate swaps designated as fair value hedges.

(3)Floating rate notes which bear interest at a rate equal to Compounded SOFR (as defined in the February 2024 notes) plus 0.420%, resulting in a stated interest rate of 1.504% at July 3, 2022.

(4)Japanese yen-denominated long-term debt.

Long-Term Debt Maturities

The following table summarizes our long-term debt maturities as of July 3, 2022 by fiscal year (in millions):

Fiscal Year	Total
2023	$	1,000.0
2024	1,876.3
2025	1,250.0
2026	500.0
Thereafter	10,450.0
Total	$	15,076.3

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Leases (Tables)

9 Months Ended

Jul. 03, 2022

Leases [Abstract]

Lease, Cost

The components of lease costs (in millions):

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Operating lease costs(1)	$	386.5	$	386.9	$	1,166.0	$	1,185.6
Variable lease costs	221.5		224.6		687.1		671.3
Short-term lease costs	6.9		7.4		21.1		23.7
Total lease costs	$	614.9	$	618.9	$	1,874.2	$	1,880.6

(1)Includes immaterial amounts of sublease income and rent concessions.

Supplemental Lease Disclosure

The following table includes supplemental information (in millions):

	Three Quarters Ended
	Jul 3, 2022			Jun 27, 2021
Cash paid related to operating lease liabilities	$	1,248.7		$	1,200.6
Operating lease liabilities arising from obtaining ROU assets	1,121.6			1,030.7
	Jul 3, 2022			Jun 27, 2021
Weighted-average remaining operating lease term	8.5 years			8.6 years
Weighted-average operating lease discount rate	2.5		%	2.5		%

Schedule of Future Minimum Rental Payments for Operating Leases

Minimum future maturities of operating lease liabilities (in millions):

Fiscal Year	Total
2022 (excluding the three quarters ended July 3, 2022)	$	369.6
2023	1,467.7
2024	1,400.5
2025	1,259.3
2026	1,109.5
Thereafter	4,244.9
Total lease payments	9,851.5
Less imputed interest	(1,082.3)
Total	$	8,769.2

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Deferred Revenue (Tables)

9 Months Ended

Jul. 03, 2022

Revenue from Contract with Customer [Abstract]

Changes in Deferred Revenue Balance Related to Stored Value Cards and Loyalty Program

Changes in our deferred revenue balance related to our stored value cards and loyalty program (in millions):

Quarter Ended July 3, 2022	Total
Stored value cards and loyalty program at April 3, 2022	$	1,645.2
Revenue deferred - card activations, card reloads and Stars earned	3,282.6
Revenue recognized - card and Stars redemptions and breakage	(3,312.3)
Other(1)	(21.7)
Stored value cards and loyalty program at July 3, 2022(2)	$	1,593.8
Quarter Ended June 27, 2021	Total
Stored value cards and loyalty program at March 28, 2021	$	1,475.2
Revenue deferred - card activations, card reloads and Stars earned	3,170.7
Revenue recognized - card and Stars redemptions and breakage	(3,160.0)
Other(1)	2.1
Stored value cards and loyalty program at June 27, 2021(2)	$	1,488.0
Three Quarters Ended July 3, 2022	Total
Stored value cards and loyalty program at October 3, 2021	$	1,448.5
Revenue deferred - card activations, card reloads and Stars earned	10,324.1
Revenue recognized - card and Stars redemptions and breakage	(10,149.4)
Other(1)	(29.4)
Stored value cards and loyalty program at July 3, 2022(2)	$	1,593.8
Three Quarters Ended June 27, 2021	Total
Stored value cards and loyalty program at September 27, 2020	$	1,280.5
Revenue deferred - card activations, card reloads and Stars earned	9,317.8
Revenue recognized - card and Stars redemptions and breakage	(9,118.0)
Other(1)	7.7
Stored value cards and loyalty program at June 27, 2021(2)	$	1,488.0

(1)“Other” primarily consists of changes in the stored value cards and loyalty program balances resulting from foreign currency translation.

(2)As of July 3, 2022 and June 27, 2021, approximately $1.5 billion and $1.4 billion of these amounts were current, respectively.

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Equity (Tables)

9 Months Ended

Jul. 03, 2022

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income by component, net of tax

Equity Changes in AOCI by component, net of tax (in millions):

Quarter Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
July 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	(9.0)	$	251.7	$	103.0	$	(85.4)	$	260.3
Net gains/(losses) recognized in OCI before reclassifications	(1.6)		41.0		81.6		(396.9)		(275.9)
Net (gains)/losses reclassified from AOCI to earnings	0.1		(46.7)		(2.8)		—		(49.4)
Other comprehensive income/(loss) attributable to Starbucks	(1.5)		(5.7)		78.8		(396.9)		(325.3)
Net gains/(losses) in AOCI, end of period	$	(10.5)	$	246.0	$	181.8	$	(482.3)	$	(65.0)
June 27, 2021
Net gains/(losses) in AOCI, beginning of period	$	2.0	$	(5.7)	$	19.6	$	(142.2)	$	(126.3)
Net gains/(losses) recognized in OCI before reclassifications	(0.1)		32.9		24.2		40.2		97.2
Net (gains)/losses reclassified from AOCI to earnings	(0.2)		2.1		(2.5)		—		(0.6)
Other comprehensive income/(loss) attributable to Starbucks	(0.3)		35.0		21.7		40.2		96.6
Net gains/(losses) in AOCI, end of period	$	1.7	$	29.3	$	41.3	$	(102.0)	$	(29.7)
Three Quarters Ended	Available-for-Sale Debt Securities		Cash Flow Hedges		Net Investment Hedges		Translation Adjustment and Other		Total
July 3, 2022
Net gains/(losses) in AOCI, beginning of period	$	1.5	$	158.3	$	48.6	$	(61.2)	$	147.2
Net gains/(losses) recognized in OCI before reclassifications	(12.1)		170.8		141.1		(421.2)		(121.4)
Net (gains)/losses reclassified from AOCI to earnings	0.1		(83.1)		(7.9)		0.1		(90.8)
Other comprehensive income/(loss) attributable to Starbucks	(12.0)		87.7		133.2		(421.1)		(212.2)
Net gains/(losses) in AOCI, end of period	$	(10.5)	$	246.0	$	181.8	$	(482.3)	$	(65.0)
June 27, 2021
Net gains/(losses) in AOCI, beginning of period	$	5.7	$	(82.1)	$	11.5	$	(299.7)	$	(364.6)
Net gains/(losses) recognized in OCI before reclassifications	(2.5)		111.0		37.2		197.7		343.4
Net (gains)/losses reclassified from AOCI to earnings	(1.5)		0.4		(7.4)		—		(8.5)
Other comprehensive income/(loss) attributable to Starbucks	(4.0)		111.4		29.8		197.7		334.9
Net gains/(losses) in AOCI, end of period	$	1.7	$	29.3	$	41.3	$	(102.0)	$	(29.7)

Impact of reclassifications from Accumulated Other Comprehensive Income on the consolidated statements of earnings

Impact of reclassifications from AOCI on the consolidated statements of earnings (in millions):

Quarter Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Jul 3, 2022		Jun 27, 2021
Gains/(losses) on available-for-sale debt securities	$	(0.2)	$	0.1	Interest income and other, net
Gains/(losses) on cash flow hedges	55.6		(1.8)		Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	3.8		3.3		Interest expense
	59.2		1.6		Total before tax
	(9.8)		(1.0)		Tax expense
	$	49.4	$	0.6	Net of tax
Three Quarters Ended
AOCI Components	Amounts Reclassified from AOCI				Affected Line Item in the Statements of Earnings
	Jul 3, 2022		Jun 27, 2021
Gains/(losses) on available-for-sale debt securities	$	(0.2)	$	1.8	Interest income and other, net
Gains/(losses) on cash flow hedges	99.0		1.4		Please refer to Note 2, Derivative Financial Instruments for additional information.
Gains/(losses) on net investment hedges	10.7		9.9		Interest expense
	109.5		13.1		Total before tax
	(18.7)		(4.6)		Tax expense
	$	90.8	$	8.5	Net of tax

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Employee Stock Plans (Tables)

9 Months Ended

Jul. 03, 2022

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation Expense Recognized in Consolidated Statements of Earnings

Stock-based compensation expense recognized in the consolidated statements of earnings (in millions):

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Restricted Stock Units (“RSUs”)	$	57.4	$	79.8	$	207.2	$	253.3
Options	(0.1)		0.2		(0.6)		2.0
Total stock-based compensation expense	$	57.3	$	80.0	$	206.6	$	255.3

Stock Option and RSU Transactions

Stock option and RSU transactions from October 3, 2021 through July 3, 2022 (in millions):

	Stock Options		RSUs
Options outstanding/Nonvested RSUs, October 3, 2021	5.2		7.7
Granted	—		4.0
Options exercised/RSUs vested	(0.8)		(3.5)
Forfeited/expired	—		(1.0)
Options outstanding/Nonvested RSUs, July 3, 2022	4.4		7.2
Total unrecognized stock-based compensation expense, net of estimated forfeitures, as of July 3, 2022	$	0.0	$	196.3

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Earnings Per Share (Tables)

9 Months Ended

Jul. 03, 2022

Earnings Per Share [Abstract]

Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted

Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):

	Quarter Ended				Three Quarters Ended
	Jul 3, 2022		Jun 27, 2021		Jul 3, 2022		Jun 27, 2021
Net earnings attributable to Starbucks	$	912.9	$	1,153.4	$	2,403.3	$	2,434.9
Weighted average common shares outstanding (for basic calculation)	1,147.0		1,178.5		1,155.3		1,177.0
Dilutive effect of outstanding common stock options and RSUs	4.0		7.7		5.2		7.7
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,151.0		1,186.2		1,160.5		1,184.7
EPS — basic	$	0.80	$	0.98	$	2.08	$	2.07
EPS — diluted	$	0.79	$	0.97	$	2.07	$	2.06

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Segment Reporting (Tables)

9 Months Ended

Jul. 03, 2022

Revenue from External Customer [Line Items]

Revenue from External Customers by Products and Services [Table Text Block]

Consolidated revenue mix by product type (in millions):

	Quarter Ended								Three Quarters Ended
	Jul 3, 2022				Jun 27, 2021				Jul 3, 2022				Jun 27, 2021
Beverage(1)	$	4,944.6	61	%	$	4,753.1	63	%	$	14,442.9	61	%	$	13,222.6	63	%
Food(2)	1,472.0		18	%	1,311.2		18	%	4,271.5		18	%	3,578.2		17	%
Other(3)	1,733.5		21	%	1,432.2		19	%	5,121.7		21	%	4,113.1		20	%
Total	$	8,150.1	100	%	$	7,496.5	100	%	$	23,836.1	100	%	$	20,913.9	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.

Financial Information For Reportable Operating Segments And All Other Segments

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
July 3, 2022
Total net revenues	$	6,058.4	$	1,584.7	$	479.7	$	27.3	$	8,150.1
Depreciation and amortization expenses	201.2		125.0		—		30.6		356.8
Income from equity investees	—		0.4		53.7		—		54.1
Operating income/(loss)	1,330.1		135.3		191.7		(361.6)		1,295.5
June 27, 2021
Total net revenues	$	5,370.7	$	1,688.0	$	414.0	$	23.8	$	7,496.5
Depreciation and amortization expenses	188.9		129.7		0.2		35.5		354.3
Income from equity investees	—		42.0		63.5		—		105.5
Operating income/(loss)	1,304.3		327.3		216.0		(358.9)		1,488.7
Three Quarters Ended
	North America (1)		International (1)		Channel Development		Corporate and Other (1)		Total
July 3, 2022
Total net revenues	$	17,236.4	$	5,163.1	$	1,359.9	$	76.7	$	23,836.1
Depreciation and amortization expenses	603.2		391.4		0.1		95.8		1,090.5
Income from equity investees	—		1.6		141.9		—		143.5
Operating income/(loss)	3,344.8		615.7		572.7		(1,110.9)		3,422.3
June 27, 2021
Total net revenues	$	14,684.9	$	5,006.9	$	1,155.3	$	66.8	$	20,913.9
Depreciation and amortization expenses	563.9		413.1		0.9		109.1		1,087.0
Income from equity investees	—		95.0		170.3		—		265.3
Operating income/(loss)	3,003.5		868.3		569.3		(1,051.2)		3,389.9

(1)North America and International total net revenues and operating income and Corporate and Other operating loss for the quarter and three quarters ended June 27, 2021, have been restated to conform with current period presentation.

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Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 02, 2022	Jun. 27, 2021	Apr. 02, 2023	Jul. 03, 2022	Jun. 27, 2021	Oct. 03, 2021	Sep. 28, 2020
Payroll Tax Incentives		$ 56.4			$ 173.7
Government subsidies receivables				$ 81.2		$ 172.4
Deferred Payroll Tax Payments, Current				116.4		116.4
Deferred Payroll Tax Payments, Noncurrent						116.4
Restructuring and Related Cost, Incurred Cost		19.8		115.0
Retained Earnings (Accumulated Deficit)				(8,719.7)		(6,315.7)
Accrued payroll and benefits				706.8		$ 772.3
Accounting Standards Update 2016-13 [Member]
Retained Earnings (Accumulated Deficit)							$ 2.2
Minimum [Member]
Restructuring and Related Cost, Expected Cost				15.0
Timing of restructuring plan	three
Maximum [Member]
Restructuring and Related Cost, Expected Cost				20.0
Timing of restructuring plan			nine
Facility Closing [Member]
Restructuring and Related Cost, Incurred Cost		7.8		59.0
Accelerated Lease ROU Asset Amortization and Other Lease Costs [Member]
Restructuring and Related Cost, Incurred Cost		$ 12.2		$ 56.2

XML

Derivative Financial Instruments (Derivative Gains and Losses Included in AOCI and Expected to be Reclassified into Earnings in 12 Months, Net of Tax) (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 03, 2022	Oct. 03, 2021
Cash Flow Hedging [Member] | Coffee Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 214.6	$ 197.8
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 214.4
Outstanding Contract Remaining Maturity (Months)	6 months
Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ (0.7)	4.4
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	29 months
Cash Flow Hedging [Member] | Dairy Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ (0.6)	(0.4)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ (0.6)
Outstanding Contract Remaining Maturity (Months)	14 months
Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 35.9	1.3
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 18.9
Outstanding Contract Remaining Maturity (Months)	33 months
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ (3.2)	(44.8)
Net Gains/(Losses) Expected to be Reclassified from AOCI into Earnings within 12 Months	$ 0.3
Outstanding Contract Remaining Maturity (Months)	124 months
Net Investment Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 68.4	37.9
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	87 months
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 16.0	16.0
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	0 months
Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Gains/(Losses) Included in AOCI	$ 97.4	$ (5.3)
Net Investment Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0.0
Outstanding Contract Remaining Maturity (Months)	21 months

XML

Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Designated as Hedging Instruments Recognized in OCI and Reclassifications from AOCI to Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021	Oct. 03, 2021
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	$ 54.4	$ 34.0	$ 210.3	$ 138.9
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	109.2	32.4	188.8	49.9
Net Investment Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax	68.4		68.4		$ 37.9
Net Investment Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax	16.0		16.0		16.0
Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives used in Net Investment Hedge, Net of Tax	97.4		97.4		$ (5.3)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Coffee Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	(19.3)	62.8	76.1	80.5
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	12.9	3.1	22.3	13.5
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Dairy Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	(1.4)	(1.7)	6.6	(0.1)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	43.4	(5.1)	51.1	(23.9)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	18.8	(25.1)	54.2	68.9
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	37.0	20.6	51.2	10.2
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | ForeignExchangeYenDebt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in OCI Before Reclassifications	72.2	11.8	137.6	39.7
Gains/(Losses) Reclassified from AOCI to Earnings	0.0	0.0	0.0	0.0
Product and distribution costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Coffee Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	32.2	(2.5)	56.6	(5.2)
Product and distribution costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Dairy Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	4.4	0.5	6.8	2.5
Product and distribution costs | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	(0.9)	(3.1)	(2.5)	(5.0)
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	(2.1)	0.2	(3.7)	1.8
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	(0.6)	(0.3)	(1.5)	(1.4)
Interest Expense [Member] | Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	3.8	3.3	10.7	9.9
Interest and Other Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cross-Currency Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	16.0	3.4	32.3	12.1
Interest and Other Income [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings			0.0	(3.6)
Franchised Units Revenue [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Reclassified from AOCI to Earnings	$ 6.6	$ 0.0	$ 11.0	$ 0.2

XML

Derivative Financial Instruments (Pretax Gains and Losses on Derivative Contracts Not Designated as Hedging Instruments Recognized in Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Interest Expense [Member] | Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (11.6)	$ (0.3)	$ (37.7)	$ (1.4)
Interest Expense [Member] | Long-term Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	14.5	3.6	47.5	11.3
Interest and Other Income [Member] | Coffee Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	(0.2)	0.0
Interest and Other Income [Member] | Dairy Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	0.1	0.0	0.2	0.0
Interest and Other Income [Member] | Diesel and Other Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	3.3	0.7	4.0	2.7
Interest and Other Income [Member] | Foreign Currency Contract - Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gains/(Losses) Recognized in Earnings	$ 6.4	$ 4.5	$ 28.2	$ 2.8

XML

Derivative and Financial Instruments (Notional Amounts of Outstanding Derivative Contracts) (Details) - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Coffee Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 717	$ 481
Cross-Currency Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount	757	806
Dairy Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	59	53
Diesel and Other Contracts [Member]
Derivative [Line Items]
Derivative, Notional Amount	12	10
Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative, Notional Amount	1,158	1,009
Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 1,600	$ 1,250

XML

Derivative Financial Instruments Derivative Financial Instruments (Fair Value of Outstanding Derivative Contracts) (Details) - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Coffee Contracts [Member]
Derivative [Line Items]
Derivative Assets	$ 0.0	$ 130.5
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Dairy Contracts [Member]
Derivative [Line Items]
Derivative Assets	1.0	0.8
Prepaid Expenses and Other Current Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Assets	26.5	8.9
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Diesel and Other Contracts [Member]
Derivative [Line Items]
Derivative Assets	2.2	0.1
Prepaid Expenses and Other Current Assets [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Assets	17.4	7.3
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]
Derivative [Line Items]
Derivative Assets	114.0	54.7
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Assets	22.8	6.9
Other Long-Term Assets [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative Assets	54.5	22.7
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Dairy Contracts [Member]
Derivative [Line Items]
Derivative Liabilities	1.0	0.9
Other Current Liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Liabilities	2.6	7.4
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Dairy Contracts [Member]
Derivative [Line Items]
Derivative Liabilities	0.0	0.2
Other Current Liabilities [Member] | Not Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Liabilities	0.5	0.1
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Cross-Currency Swap [Member]
Derivative [Line Items]
Derivative Liabilities	0.0	3.3
Other Long-Term Liabilities [Member] | Designated as Hedging Instrument [Member] | Foreign Currency Contract - Other [Member]
Derivative [Line Items]
Derivative Liabilities	$ 0.4	$ 3.6

XML

Derivative Financial Instruments Interest Rate Swaps (Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position) (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - Long-term Debt [Member] - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 1,074.1	$ 771.7
Hedged Liability, Fair Value Hedge, Cumulative Increase (Decrease)	$ (25.9)	$ 21.7

XML

Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Assets:
Total short-term investments	$ 76.9	$ 162.2
Total Assets	3,815.2	7,131.5
Liabilities:
Total liabilities	21.9	16.8
Cash and cash equivalents
Assets:
Cash and cash equivalents	3,177.5	6,455.7
Short-term Investments [Member]
Assets:
Available-for-sale debt securities	15.1	87.8
Marketable equity securities	61.8	74.4
Total short-term investments	76.9	162.2
Prepaid Expenses and Other Current Assets [Member]
Assets:
Derivative assets, Current	47.1	147.6
Long-term Investments [Member]
Assets:
Available-for-sale debt securities	292.5	281.7
Other Long-Term Assets [Member]
Assets:
Derivative assets, Noncurrent	191.3	84.3
Structured Deposit	29.9
Accrued Liabilities [Member]
Liabilities:
Derivative liabilities, Current	4.1	8.6
Other Long-Term Liabilities [Member]
Liabilities:
Derivative liabilities, Noncurrent	17.8	8.2
Auction rate securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		6.0
Commercial paper | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.2	63.0
Corporate debt securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	14.7	24.7
Corporate debt securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	145.0	162.0
Foreign government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	3.8
Foreign Government Obligations [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		4.0
Mortgage and other asset-backed securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities		0.1
Mortgage and other asset-backed securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	56.8	31.9
State and local government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	1.4	1.5
U.S. government treasury securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.2
U.S. government treasury securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	85.5	76.3
Fair Value, Inputs, Level 1 [Member]
Assets:
Total Assets	3,325.0	6,737.5
Liabilities:
Total liabilities	0.0	0.3
Fair Value, Inputs, Level 1 [Member] | Cash and cash equivalents
Assets:
Cash and cash equivalents	3,177.5	6,455.7
Fair Value, Inputs, Level 1 [Member] | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.2	0.0
Marketable equity securities	61.8	74.4
Total short-term investments	62.0	74.4
Fair Value, Inputs, Level 1 [Member] | Prepaid Expenses and Other Current Assets [Member]
Assets:
Derivative assets, Current	0.0	131.1
Fair Value, Inputs, Level 1 [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	85.5	76.3
Fair Value, Inputs, Level 1 [Member] | Other Long-Term Assets [Member]
Assets:
Derivative assets, Noncurrent	0.0	0.0
Structured Deposit	0.0
Fair Value, Inputs, Level 1 [Member] | Accrued Liabilities [Member]
Liabilities:
Derivative liabilities, Current	0.0	0.3
Fair Value, Inputs, Level 1 [Member] | Other Long-Term Liabilities [Member]
Liabilities:
Derivative liabilities, Noncurrent	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | Auction rate securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		0.0
Fair Value, Inputs, Level 1 [Member] | Commercial paper | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | Corporate debt securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | Corporate debt securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | Foreign government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0
Fair Value, Inputs, Level 1 [Member] | Foreign Government Obligations [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		0.0
Fair Value, Inputs, Level 1 [Member] | Mortgage and other asset-backed securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities		0.0
Fair Value, Inputs, Level 1 [Member] | Mortgage and other asset-backed securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | State and local government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 1 [Member] | U.S. government treasury securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.2
Fair Value, Inputs, Level 1 [Member] | U.S. government treasury securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	85.5	76.3
Fair Value, Inputs, Level 2 [Member]
Assets:
Total Assets	490.2	388.0
Liabilities:
Total liabilities	21.9	16.5
Fair Value, Inputs, Level 2 [Member] | Cash and cash equivalents
Assets:
Cash and cash equivalents	0.0	0.0
Fair Value, Inputs, Level 2 [Member] | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	14.9	87.8
Marketable equity securities	0.0	0.0
Total short-term investments	14.9	87.8
Fair Value, Inputs, Level 2 [Member] | Prepaid Expenses and Other Current Assets [Member]
Assets:
Derivative assets, Current	47.1	16.5
Fair Value, Inputs, Level 2 [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	207.0	199.4
Fair Value, Inputs, Level 2 [Member] | Other Long-Term Assets [Member]
Assets:
Derivative assets, Noncurrent	191.3	84.3
Structured Deposit	29.9
Fair Value, Inputs, Level 2 [Member] | Accrued Liabilities [Member]
Liabilities:
Derivative liabilities, Current	4.1	8.3
Fair Value, Inputs, Level 2 [Member] | Other Long-Term Liabilities [Member]
Liabilities:
Derivative liabilities, Noncurrent	17.8	8.2
Fair Value, Inputs, Level 2 [Member] | Auction rate securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		0.0
Fair Value, Inputs, Level 2 [Member] | Commercial paper | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.2	63.0
Fair Value, Inputs, Level 2 [Member] | Corporate debt securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	14.7	24.7
Fair Value, Inputs, Level 2 [Member] | Corporate debt securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	145.0	162.0
Fair Value, Inputs, Level 2 [Member] | Foreign government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	3.8
Fair Value, Inputs, Level 2 [Member] | Foreign Government Obligations [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		4.0
Fair Value, Inputs, Level 2 [Member] | Mortgage and other asset-backed securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities		0.1
Fair Value, Inputs, Level 2 [Member] | Mortgage and other asset-backed securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	56.8	31.9
Fair Value, Inputs, Level 2 [Member] | State and local government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	1.4	1.5
Fair Value, Inputs, Level 2 [Member] | U.S. government treasury securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0
Fair Value, Inputs, Level 2 [Member] | U.S. government treasury securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 3 [Member]
Assets:
Total Assets	0.0	6.0
Liabilities:
Total liabilities	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Cash and cash equivalents
Assets:
Cash and cash equivalents	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Marketable equity securities	0.0	0.0
Total short-term investments	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Prepaid Expenses and Other Current Assets [Member]
Assets:
Derivative assets, Current	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	6.0
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Assets [Member]
Assets:
Derivative assets, Noncurrent	0.0	0.0
Structured Deposit	0.0
Fair Value, Inputs, Level 3 [Member] | Accrued Liabilities [Member]
Liabilities:
Derivative liabilities, Current	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Other Long-Term Liabilities [Member]
Liabilities:
Derivative liabilities, Noncurrent	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Auction rate securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		6.0
Fair Value, Inputs, Level 3 [Member] | Commercial paper | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Corporate debt securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Corporate debt securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | Foreign government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0
Fair Value, Inputs, Level 3 [Member] | Foreign Government Obligations [Member] | Long-term Investments [Member]
Assets:
Available-for-sale debt securities		0.0
Fair Value, Inputs, Level 3 [Member] | Mortgage and other asset-backed securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities		0.0
Fair Value, Inputs, Level 3 [Member] | Mortgage and other asset-backed securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | State and local government obligations | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0	0.0
Fair Value, Inputs, Level 3 [Member] | U.S. government treasury securities | Short-term Investments [Member]
Assets:
Available-for-sale debt securities	0.0
Fair Value, Inputs, Level 3 [Member] | U.S. government treasury securities | Long-term Investments [Member]
Assets:
Available-for-sale debt securities	$ 0.0	$ 0.0

XML

Inventories (Narrative) (Details) $ in Millions	3 Months Ended
	Jul. 03, 2022 USD ($)
Fixed-price Contract [Member]
Inventory [Line Items]
Amount of coffee committed to be purchased	$ 483.0
Price-to-be-fixed Contract [Member]
Inventory [Line Items]
Amount of coffee committed to be purchased	$ 1,200.0

XML

Inventories (Components of Inventory) (Details) - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Inventory Disclosure [Abstract]
Unroasted	$ 1,046.7	$ 670.3
Roasted	295.4	233.5
Other merchandise held for sale	373.6	329.3
Packaging and other supplies	417.2	370.8
Total	$ 2,132.9	$ 1,603.9

XML

Supplemental Balance Sheet Information (Prepaid Expenses and Other Current Assets) (Details) - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Prepaid Expenses and Other Current Assets [Line Items]
Income tax receivable	$ 73.1	$ 20.7
Government subsidies receivables	81.2	172.4
Other prepaid expenses and current assets	379.8	401.5
Prepaid expenses and other current assets	$ 534.1	$ 594.6

XML

Supplemental Balance Sheet Information (Property, Plant And Equipment, net) (Details) - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 15,380.0	$ 14,828.8
Accumulated depreciation	(8,971.8)	(8,459.3)
Property, plant and equipment, net	6,408.2	6,369.5
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	46.1	46.2
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	562.8	587.6
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,882.1	8,637.6
Store Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,953.6	2,934.1
Roasting Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	892.2	857.2
Furniture, Fixtures and Other [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,464.3	1,392.0
Work in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 578.9	$ 374.1

XML

Supplemental Balance Sheet Information (Accrued Liabilities) (Details) - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Accrued Liabilities [Line Items]
Accrued occupancy costs	$ 86.3	$ 107.1
Dividends Payable, Current	562.1	578.1
Other Accrued Liabilities, Current	867.1	840.7
Self Insurance Reserve, Current	229.1	229.3
Accrued Income Taxes	176.1	218.0
Accrued liabilities	2,068.9	2,321.2
Income taxes payable	$ 148.2	$ 348.0

XML

Supplemental Income Statement Information (Store Operating Expenses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Store Operating Expenses [Line Items]
Wages and benefits	$ 1,983.0	$ 1,750.7	$ 6,012.0	$ 5,021.8
Occupancy costs	652.9	628.7	1,983.1	1,883.0
Other store operating expenses	666.6	587.5	2,022.0	1,752.8
Store operating expenses	$ 3,302.5	$ 2,966.9	$ 10,017.1	$ 8,657.6

XML

Intangible Assets, Goodwill and Other (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 47.6	$ 50.0	$ 147.0	$ 173.4

XML

Other Intangible Assets and Goodwill (Indefinite-Lived Intangible Assets) (Details) - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Trade names, trademarks and patents
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets	$ 97.1	$ 96.4

XML

Other Intangible Assets and Goodwill (Finite-Lived Intangible Assets) (Details) - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 1,251.1	$ 1,338.2
Accumulated amortization	(1,144.8)	(1,084.7)
Total estimated future amortization expense	106.3	253.5
Acquired and reacquired rights
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,054.3	1,141.5
Accumulated amortization	(1,013.5)	(971.9)
Total estimated future amortization expense	40.8	169.6
Acquired trade secrets and processes
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	27.6	27.6
Accumulated amortization	(26.8)	(24.8)
Total estimated future amortization expense	0.8	2.8
Trade names, trademarks and patents
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	128.0	126.3
Accumulated amortization	(66.8)	(51.9)
Total estimated future amortization expense	61.2	74.4
Licensing agreements
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	18.0	18.8
Accumulated amortization	(14.5)	(13.5)
Total estimated future amortization expense	3.5	5.3
Other finite-lived intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	23.2	24.0
Accumulated amortization	(23.2)	(22.6)
Total estimated future amortization expense	$ 0.0	$ 1.4

XML

Other Intangible Assets and Goodwill (Estimated Future Amortization Expense) (Details) - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022 (excluding the three quarters ended July 3, 2022)	$ 46.5
2023	20.8
2024	20.3
2025	14.4
2026	1.5
Thereafter	2.8
Total estimated future amortization expense	$ 106.3	$ 253.5

XML

Intangible Assets, Goodwill and Other (Changes in Carrying Amount of Goodwill by Reportable Operating Segment) (Details) $ in Millions	9 Months Ended
	Jul. 03, 2022 USD ($)
Goodwill [Line Items]
Goodwill, beginning balance	$ 3,677.3
Other	(226.1)
Goodwill, ending balance	3,451.2
North America [Member]
Goodwill [Line Items]
Goodwill, beginning balance	493.2
Other	(0.4)
Goodwill, ending balance	492.8
International [Member]
Goodwill [Line Items]
Goodwill, beginning balance	3,148.3
Other	(225.7)
Goodwill, ending balance	2,922.6
Channel Development [Member]
Goodwill [Line Items]
Goodwill, beginning balance	34.7
Other	0.0
Goodwill, ending balance	34.7
Corporate and Other [Member]
Goodwill [Line Items]
Goodwill, beginning balance	1.1
Other	0.0
Goodwill, ending balance	$ 1.1

XML

Debt (Narrative) (Details) ¥ in Millions, $ in Millions				3 Months Ended	9 Months Ended
	Sep. 16, 2026	Dec. 31, 2022	Mar. 26, 2022	Jul. 03, 2022 USD ($)	Jul. 03, 2022 USD ($)	Jul. 03, 2022 JPY (¥)	Oct. 03, 2021 USD ($)
Debt Instrument [Line Items]
Short-term debt				$ 200.0	$ 200.0		$ 0.0
twothousandtwentyonecreditfacility | Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				3,000.0	3,000.0
Line of Credit Facility, Expiration Date	Sep. 16, 2026
Maximum Increase In Commitment Amount Allowable Under Credit Facility				1,000.0	1,000.0
Amount Of Credit Facility Available For Issuances Of Letters Of credit				$ 150.0	150.0
twothousandtwentyonecreditfacility | Eurodollar [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				1.00%
twothousandtwentyonecreditfacility | Base Rate [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				0.05%
Commercial paper
Debt Instrument [Line Items]
Maximum allowable amount under Commercial Paper Program				$ 3,000.0	3,000.0
Short-term debt				200.0	$ 200.0
Commercial paper | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Term					397 days
Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding				0.0	$ 0.0		0.0
Line of Credit [Member] | 5 billion Yen Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				36.8	$ 36.8
Line of Credit Facility, Expiration Date		Dec. 31, 2022
Line of Credit [Member] | 5 billion Yen Credit Facility [Member] | Japan, Yen
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity | ¥						¥ 5,000.0
Line of Credit [Member] | 5 billion Yen Credit Facility [Member] | Tokyo Interbank Offered Rate TIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					0.40%
Line of Credit [Member] | 10 billion Yen Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				73.7	$ 73.7
Line of Credit Facility, Expiration Date			Mar. 27, 2023
Line of Credit [Member] | 10 billion Yen Credit Facility [Member] | Japan, Yen
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity | ¥						¥ 10,000.0
Line of Credit [Member] | 10 billion Yen Credit Facility [Member] | Tokyo Interbank Offered Rate TIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					0.35%
Line of Credit [Member] | 5 billion and 10 billion Yen Credit Facility [Member]
Debt Instrument [Line Items]
Short-term debt				$ 0.0	$ 0.0		$ 0.0

XML

(Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values) (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 03, 2022	Oct. 03, 2021
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 15,076.3	$ 14,713.8
Long-term Debt, Fair Value	13,824.2	16,014.1
Debt Instrument, Unamortized (Discount) Premium and Debt Issuance Costs, Net	(120.5)	(119.7)
Hedging Liabilities, Noncurrent	(25.9)	21.7
Long-term Debt	14,929.9	14,615.8
2020 2-Year One Point Three Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 0.0	500.0
Stated Interest Rate	1.30%
Debt Instrument, Interest Rate, Effective Percentage	1.334%
2020 2-Year One Point Three Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 0.0	503.1
2015 7-Year Two Point Seven Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 0.0	500.0
Stated Interest Rate	2.70%
Debt Instrument, Interest Rate, Effective Percentage	2.819%
2015 7-Year Two Point Seven Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 0.0	506.7
2018 5-Year Three Point One Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,000.0	1,000.0
Stated Interest Rate	3.10%
Debt Instrument, Interest Rate, Effective Percentage	3.107%
2018 5-Year Three Point One Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 1,001.7	1,035.9
2013 10-Year Three Point Eight Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 750.0	750.0
Stated Interest Rate	3.85%
Debt Instrument, Interest Rate, Effective Percentage	2.859%
2013 10-Year Three Point Eight Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 755.4	794.8
2017 7-Year PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 626.3	763.8
Stated Interest Rate	0.372%
Debt Instrument, Interest Rate, Effective Percentage	0.462%
2017 7-Year PointThreeSevenTwoPercentageYenDenominatedSeniorNotes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 615.9	761.0
2022 2-Year FloatingrateSeniorNotes
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500.0	0.0
Stated Interest Rate	1.504%
Debt Instrument, Interest Rate, Effective Percentage	1.735%
Debt Instrument, Basis Spread on Variable Rate	0.42%
2022 2-Year FloatingrateSeniorNotes | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 497.1	0.0
2018 7-Year Three Point Eight Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,250.0	1,250.0
Stated Interest Rate	3.80%
Debt Instrument, Interest Rate, Effective Percentage	3.721%
2018 7-Year Three Point Eight Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 1,253.4	1,371.5
2016 10-Year Two Point Four Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500.0	500.0
Stated Interest Rate	2.45%
Debt Instrument, Interest Rate, Effective Percentage	2.511%
2016 10-Year Two Point Four Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 477.0	526.4
2020 7-Year Two Point Zero Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500.0	500.0
Stated Interest Rate	2.00%
Debt Instrument, Interest Rate, Effective Percentage	2.058%
2020 7-Year Two Point Zero Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 457.9	513.0
2018 10-Year Three Point Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 600.0	600.0
Stated Interest Rate	3.50%
Debt Instrument, Interest Rate, Effective Percentage	3.529%
2018 10-Year Three Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 580.8	663.2
2018 10-Year Four Point Zero Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 750.0	750.0
Stated Interest Rate	4.00%
Debt Instrument, Interest Rate, Effective Percentage	3.958%
2018 10-Year Four Point Zero Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 738.5	855.9
2019 10-Year Three Point Five Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,000.0	1,000.0
Stated Interest Rate	3.55%
Debt Instrument, Interest Rate, Effective Percentage	3.84%
Portion of Debt Instrument designated in fair value hedge	$ 350.0
2019 10-Year Three Point Five Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	946.8	1,109.9
2020 10-Year Two Point Two Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 750.0	750.0
Stated Interest Rate	2.25%
Debt Instrument, Interest Rate, Effective Percentage	3.084%
2020 10-Year Two Point Two Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 640.2	758.6
2020 10-Year Two Point Five Five Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,250.0	1,250.0
Stated Interest Rate	2.55%
Debt Instrument, Interest Rate, Effective Percentage	2.582%
2020 10-Year Two Point Five Five Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 1,073.7	1,286.9
2022 10-Year Three Percent Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,000.0	0.0
Stated Interest Rate	3.00%
Debt Instrument, Interest Rate, Effective Percentage	3.155%
2022 10-Year Three Percent Senior Notes | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 878.0	0.0
2015 30-Year Four Point Three Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 350.0	350.0
Stated Interest Rate	4.30%
Debt Instrument, Interest Rate, Effective Percentage	4.348%
2015 30-Year Four Point Three Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 310.7	414.1
2017 30-Year Three Point Seven Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500.0	500.0
Stated Interest Rate	3.75%
Debt Instrument, Interest Rate, Effective Percentage	3.765%
2017 30-Year Three Point Seven Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 408.3	556.5
2018 30-Year Four Point Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,000.0	1,000.0
Stated Interest Rate	4.50%
Debt Instrument, Interest Rate, Effective Percentage	4.504%
2018 30-Year Four Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 912.8	1,248.6
2019 30-Year Four Point Four Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,000.0	1,000.0
Stated Interest Rate	4.45%
Debt Instrument, Interest Rate, Effective Percentage	4.447%
2019 30-Year Four Point Four Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 909.0	1,241.0
2020 30-Year Three Point Three Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500.0	500.0
Stated Interest Rate	3.35%
Debt Instrument, Interest Rate, Effective Percentage	3.362%
2020 30-Year Three Point Three Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 379.9	527.5
2020 30-Year Three Point Five Percentage Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,250.0	1,250.0
Stated Interest Rate	3.50%
Debt Instrument, Interest Rate, Effective Percentage	3.528%
2020 30-Year Three Point Five Percentage Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Debt Instrument, Fair Value Disclosure	$ 987.1	$ 1,339.5

XML

Debt (Summary of long-term debt maturities) (Details) - USD ($) $ in Millions	Jul. 03, 2022	Oct. 03, 2021
Long-term Debt [Line Items]
2023	$ 1,000.0
2024	1,876.3
2025	1,250.0
2026	500.0
Thereafter	10,450.0
Total	$ 15,076.3	$ 14,713.8

XML

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Jun. 27, 2021	Jul. 03, 2022
Lessee, Lease, Description [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 19.8	$ 115.0
Leases [Abstract]
Lessee, operating lease, lease not yet commenced, amount		$ 1,100.0
Minimum [Member]
Leases [Abstract]
Lessee, operating lease, lease not yet commenced, term of contract		10 years
Maximum [Member]
Leases [Abstract]
Lessee, operating lease, lease not yet commenced, term of contract		20 years
Accelerated Lease ROU Asset Amortization and Other Lease Costs [Member]
Lessee, Lease, Description [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 12.2	$ 56.2

XML

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 386.5	$ 386.9	$ 1,166.0	$ 1,185.6
Variable lease costs	221.5	224.6	687.1	671.3
Short-term lease costs	6.9	7.4	21.1	23.7
Total lease costs	$ 614.9	$ 618.9	$ 1,874.2	$ 1,880.6

XML

Leases - Schedule Supplemental Disclosures (Details) - USD ($) $ in Millions	9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021
Lessee, Lease, Description [Line Items]
Cash paid related to operating lease liabilities	$ 1,248.7	$ 1,200.6
Operating lease liabilities arising from obtaining ROU assets	$ 1,121.6	$ 1,030.7
Weighted-average remaining operating lease term	8 years 6 months	8 years 7 months 6 days
Weighted-average operating lease discount rate	2.50%	2.50%

XML

Leases - Schedule of Maturity of Operating Lease Payments (Details) $ in Millions	Jul. 03, 2022 USD ($)
Leases [Abstract]
2022 (excluding the three quarters ended July 3, 2022)	$ 369.6
2023	1,467.7
2024	1,400.5
2025	1,259.3
2026	1,109.5
Thereafter	4,244.9
Total lease payments	9,851.5
Less imputed interest	(1,082.3)
Total	$ 8,769.2

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Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021	Oct. 03, 2021
Stored value card liability and current portion of deferred revenue	$ 1,723.0		$ 1,723.0		$ 1,596.1
Deferred revenue	6,333.1		6,333.1		6,463.0
Deferred Revenue, Revenue Recognized	44.1	$ 44.2	132.5	$ 132.5
Nestle Global Coffee Alliance [Member]
Stored value card liability and current portion of deferred revenue	177.0		177.0		177.0
Deferred revenue	$ 6,200.0		$ 6,200.0		$ 6,400.0

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Revenue from Contract with Customer (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021	Oct. 03, 2021
Deferred Revenue Table [Line Items]
Deferred Revenue, Revenue Recognized	$ (44,100,000)	$ (44,200,000)	$ (132,500,000)	$ (132,500,000)
Stored value card liability and current portion of deferred revenue	1,723,000,000		1,723,000,000		$ 1,596,100,000
Revenue Recognition Period Stored Value Cards and Loyalty Program Breakage [Member]
Deferred Revenue Table [Line Items]
Deferred Revenue	1,645,200,000	1,475,200,000	1,448,500,000	1,280,500,000
Deferred Revenue, Additions	3,282,600,000	3,170,700,000	10,324,100,000	9,317,800,000
Deferred Revenue, Revenue Recognized	(3,312,300,000)	(3,160,000,000)	(10,149,400,000)	(9,118,000,000)
Deferred Revenue, Other	(21,700,000)	2,100,000	(29,400,000)	7,700,000
Deferred Revenue	1,593,800,000	1,488,000,000	1,593,800,000	1,488,000,000
Stored value card liability and current portion of deferred revenue	$ 1,500,000,000	$ 1,400,000,000	$ 1,500,000,000	$ 1,400,000,000

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Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021	Mar. 15, 2022	Oct. 03, 2021
Equity, Class of Treasury Stock [Line Items]
Authorized shares of common stock	2,400,000,000		2,400,000,000			2,400,000,000
Par value of common stock	$ 0.001		$ 0.001			$ 0.001
Authorized shares of preferred stock	7,500,000		7,500,000
Outstanding shares of preferred stock	0		0
Shares available for repurchase	52,600,000		52,600,000
Common Stock, Dividends, Per Share, Declared	$ 0.49	$ 0.45	$ 1.47	$ 1.80
Open Market [Member]
Equity, Class of Treasury Stock [Line Items]
Shares of common stock repurchased			36,300,000
Total cost of common stock repurchased		$ 1.0	$ 4,000.0
March 2022 ASR
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased					40,000,000

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Equity (Components Of Accumulated Other Comprehensive Income, Net Of Tax) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021	Apr. 03, 2022	Oct. 03, 2021	Mar. 28, 2021	Sep. 27, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (8,658.9)	$ (6,794.3)	$ (8,658.9)	$ (6,794.3)	$ (8,761.2)	$ (5,314.5)	$ (7,648.3)	$ (7,799.4)
Net gains/(losses) in AOCI, beginning of period			147.2
Other comprehensive income/(loss)	(325.3)	96.6	(212.2)	334.9
Net gains/(losses) in AOCI, end of period	(65.0)		(65.0)
Cumulative effect of adoption of new accounting guidance				(2.2)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(10.5)	1.7	(10.5)	1.7	(9.0)	1.5	2.0	5.7
Net gains/(losses) recognized in OCI before reclassifications	(1.6)	(0.1)	(12.1)	(2.5)
Net (gains)/losses reclassified from AOCI to earnings	0.1	(0.2)	0.1	(1.5)
Other comprehensive income/(loss)	(1.5)	(0.3)	(12.0)	(4.0)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	246.0	29.3	246.0	29.3	251.7	158.3	(5.7)	(82.1)
Net gains/(losses) recognized in OCI before reclassifications	41.0	32.9	170.8	111.0
Net (gains)/losses reclassified from AOCI to earnings	(46.7)	2.1	(83.1)	0.4
Other comprehensive income/(loss)	(5.7)	35.0	87.7	111.4
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	181.8	41.3	181.8	41.3	103.0	48.6	19.6	11.5
Net gains/(losses) recognized in OCI before reclassifications	81.6	24.2	141.1	37.2
Net (gains)/losses reclassified from AOCI to earnings	(2.8)	(2.5)	(7.9)	(7.4)
Other comprehensive income/(loss)	78.8	21.7	133.2	29.8
Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(482.3)	(102.0)	(482.3)	(102.0)	(85.4)	(61.2)	(142.2)	(299.7)
Net gains/(losses) recognized in OCI before reclassifications	(396.9)	40.2	(421.2)	197.7
Net (gains)/losses reclassified from AOCI to earnings	0.0	0.0	0.1	0.0
Other comprehensive income/(loss)	(396.9)	40.2	(421.1)	197.7
Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(8,666.5)	(6,800.8)	(8,666.5)	(6,800.8)	(8,768.0)	(5,321.2)	(7,654.0)	(7,805.1)
Other comprehensive income/(loss)	(325.3)	96.6	(212.2)	334.9
Cumulative effect of adoption of new accounting guidance				(2.2)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(65.0)	(29.7)	(65.0)	(29.7)	$ 260.3	$ 147.2	$ (126.3)	$ (364.6)
Net gains/(losses) recognized in OCI before reclassifications	(275.9)	97.2	(121.4)	343.4
Net (gains)/losses reclassified from AOCI to earnings	(49.4)	(0.6)	(90.8)	(8.5)
Other comprehensive income/(loss)	$ (325.3)	$ 96.6	$ (212.2)	334.9
Cumulative effect of adoption of new accounting guidance				$ 0.0

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Equity (Impact of Reclassifications from Accumulated Other Comprehensive Income on Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Interest income and other, net	$ 19.8	$ 36.0	$ 66.0	$ 68.6
Amounts Reclassified from AOCI, Interest expense	123.1	113.4	357.6	349.2
Amounts Reclassified from AOCI, Tax (expense)/benefit	278.5	257.1	725.9	673.6
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Total before tax	59.2	1.6	(109.5)	(13.1)
Amounts Reclassified from AOCI, Tax (expense)/benefit	(9.8)	(1.0)	18.7	4.6
Amounts Reclassified from AOCI, Net of tax	49.4	0.6	(90.8)	(8.5)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Net of tax	(0.1)	0.2	(0.1)	1.5
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Interest income and other, net	(0.2)	0.1	(0.2)	1.8
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Net of tax	46.7	(2.1)	83.1	(0.4)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Total before tax	55.6	(1.8)	(99.0)	(1.4)
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Net of tax	2.8	2.5	7.9	7.4
Accumulated Net Investment Hedge Gain (Loss) Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amounts Reclassified from AOCI, Interest expense	$ 3.8	$ 3.3	$ (10.7)	$ (9.9)

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Employee Stock Plans (Narrative) (Details) shares in Millions	Jul. 03, 2022 shares
Stock Options and Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP	99.6
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for issuance pursuant to future equity-based compensation awards and ESPP	10.9

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Employee Stock Plans (Stock-Based Compensation Expense Recognized in Consolidated Statement of Earnings) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 57.3	$ 80.0	$ 206.6	$ 255.3
Stock Options [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	(0.1)	0.2	(0.6)	2.0
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 57.4	$ 79.8	$ 207.2	$ 253.3

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Employee Stock Plans (Stock Option and RSU Transactions) (Details) - USD ($) shares in Millions, $ in Millions	9 Months Ended
	Jul. 03, 2022	Oct. 03, 2021
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Stock Options	0.0
Options exercised, Stock Options	(0.8)
Forfeited/expired, Stock Options	0.0
Total unrecognized stock-based compensation expense, net of estimated forfeitures, Stock Options	$ 0.0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	4.4	5.2
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, RSUs	4.0
RSUs vested, RSUs	(3.5)
Forfeited/expired, RSUs	(1.0)
Total unrecognized stock-based compensation expense, net of estimated forfeitures, RSUs	$ 196.3
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	7.2	7.7

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Income Taxes (Narrative) (Details)	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	23.40%	18.20%	23.20%	21.70%

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Earnings Per Share (Calculation of Net Earnings Per Common Share (EPS) - Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Earnings Per Share [Abstract]
Net earnings attributable to Starbucks	$ 912.9	$ 1,153.4	$ 2,403.3	$ 2,434.9
Weighted average common shares outstanding (for basic calculation)	1,147.0	1,178.5	1,155.3	1,177.0
Dilutive effect of outstanding common stock options and RSUs	4.0	7.7	5.2	7.7
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,151.0	1,186.2	1,160.5	1,184.7
EPS — basic	$ 0.80	$ 0.98	$ 2.08	$ 2.07
EPS — diluted	$ 0.79	$ 0.97	$ 2.07	$ 2.06

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Segment Reporting (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Segment Reporting Information [Line Items]
Segment Reporting, Factors Used to Identify Entity's Reportable Segments			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.
Income from equity investees	$ 54.1	$ 105.5	$ 143.5	$ 265.3
Operating Segments [Member] | Channel Development [Member]
Segment Reporting Information [Line Items]
Income from equity investees	53.7	63.5	141.9	170.3
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Income from equity investees	$ 0.0	$ 0.0	$ 0.0	$ 0.0

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Segment Reporting (Revenue from External Customers by Products and Services) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021	Jul. 03, 2022	Jun. 27, 2021
Segment Reporting Information [Line Items]
Total net revenues	$ 8,150.1	$ 7,496.5	$ 23,836.1	$ 20,913.9
Beverage Member
Segment Reporting Information [Line Items]
Total net revenues	4,944.6	4,753.1	14,442.9	13,222.6
Food Member
Segment Reporting Information [Line Items]
Total net revenues	1,472.0	1,311.2	4,271.5	3,578.2
Other Products Member
Segment Reporting Information [Line Items]
Total net revenues	$ 1,733.5	$ 1,432.2	$ 5,121.7	$ 4,113.1
Revenue Benchmark [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	100.00%	100.00%	100.00%	100.00%
Revenue Benchmark [Member] | Beverage Member
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	61.00%	63.00%	61.00%	63.00%
Revenue Benchmark [Member] | Food Member
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	18.00%	18.00%	18.00%	17.00%
Revenue Benchmark [Member] | Other Products Member
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	21.00%	19.00%	21.00%	20.00%

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Segment Reporting (Reconciliation Of Total Segment Operating Income To Consolidated Earnings Before Income Taxes) (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Jul. 03, 2022	Jun. 27, 2021		Jul. 03, 2022	Jun. 27, 2021
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	$ 8,150.1	$ 7,496.5		$ 23,836.1	$ 20,913.9
Depreciation and amortization expenses	356.8	354.3		1,090.5	1,087.0
Income from equity investees	54.1	105.5		143.5	265.3
Operating income/(loss)	1,295.5	1,488.7		3,422.3	3,389.9
North America [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	6,058.4	5,370.7	[1]	17,236.4	14,684.9	[1]
Depreciation and amortization expenses	201.2	188.9		603.2	563.9
Income from equity investees	0.0	0.0		0.0	0.0
Operating income/(loss)	1,330.1	1,304.3	[1]	3,344.8	3,003.5	[1]
International [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	1,584.7	1,688.0	[1]	5,163.1	5,006.9	[1]
Depreciation and amortization expenses	125.0	129.7		391.4	413.1
Income from equity investees	0.4	42.0		1.6	95.0
Operating income/(loss)	135.3	327.3	[1]	615.7	868.3	[1]
Channel Development [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	479.7	414.0		1,359.9	1,155.3
Depreciation and amortization expenses	0.0	0.2		0.1	0.9
Income from equity investees	53.7	63.5		141.9	170.3
Operating income/(loss)	191.7	216.0		572.7	569.3
Corporate and Other [Member] | Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total net revenues	27.3	23.8	[1]	76.7	66.8	[1]
Depreciation and amortization expenses	30.6	35.5		95.8	109.1
Income from equity investees	0.0	0.0		0.0	0.0
Operating income/(loss)	$ (361.6)	$ (358.9)	[1]	$ (1,110.9)	$ (1,051.2)	[1]

[1] North America and International total net revenues and operating income and Corporate and Other operating loss for the quarter and three quarters ended June 27, 2021, have been restated to conform with current period presentation