Segment Reporting

6 Months Ended

Apr. 02, 2023

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Segment information is prepared on the same basis that our chief executive officer, who is our chief operating decision maker, manages the segments, evaluates financial results and makes key operating decisions.

Consolidated revenue mix by product type (in millions):

	Quarter Ended								Two Quarters Ended
	Apr 2, 2023				Apr 3, 2022				Apr 2, 2023				Apr 3, 2022
Beverage(1)	$	5,226.9	60	%	$	4,599.0	60	%	$	10,401.4	60	%	$	9,497.4	60	%
Food(2)	1,590.9		18	%	1,364.3		18	%	3,157.0		18	%	2,798.9		18	%
Other(3)	1,902.0		22	%	1,672.3		22	%	3,875.4		22	%	3,389.7		22	%
Total	$	8,719.8	100	%	$	7,635.6	100	%	$	17,433.8	100	%	$	15,686.0	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, beverage-related ingredients, serveware 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		International		Channel Development		Corporate and Other		Total
April 2, 2023
Total net revenues	$	6,380.6	$	1,854.8	$	480.7	$	3.7	$	8,719.8
Depreciation and amortization expenses	226.3		86.3		0.0		29.3		341.9
Income from equity investees	—		0.8		50.6		—		51.4
Operating income/(loss)	1,217.9		314.7		262.1		(467.2)		1,327.5
April 3, 2022
Total net revenues	$	5,445.7	$	1,702.4	$	463.1	$	24.4	$	7,635.6
Depreciation and amortization expenses	202.0		133.4		—		32.3		367.7
Income from equity investees	—		0.6		48.5		—		49.1
Operating income/(loss)	931.5		180.7		197.9		(361.2)		948.9
Two Quarters Ended
	North America		International		Channel Development		Corporate and Other		Total
April 2, 2023
Total net revenues	$	12,931.8	$	3,534.9	$	958.9	$	8.2	$	17,433.8
Depreciation and amortization expenses	443.1		167.7		0.1		58.1		669.0
Income from equity investees	—		1.2		108.0		—		109.2
Operating income/(loss)	2,430.4		555.1		488.4		(893.2)		2,580.7
April 3, 2022
Total net revenues	$	11,178.0	$	3,578.4	$	880.1	$	49.5	$	15,686.0
Depreciation and amortization expenses	402.1		266.5		—		65.2		733.8
Income from equity investees	—		1.3		88.1		—		89.4
Operating income/(loss)	2,014.6		480.3		381.1		(749.3)		2,126.7