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.