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