Segment Reporting

9 Months Ended

Jul. 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								Three Quarters Ended
	Jul 2, 2023				Jul 3, 2022				Jul 2, 2023				Jul 3, 2022
Beverage(1)	$	5,587.9	61	%	$	4,944.6	61	%	$	15,988.9	60	%	$	14,442.9	61	%
Food(2)	1,704.5		19	%	1,472.0		18	%	4,861.0		18	%	4,271.5		18	%
Other(3)	1,875.9		20	%	1,733.5		21	%	5,752.1		22	%	5,121.7		21	%
Total	$	9,168.3	100	%	$	8,150.1	100	%	$	26,602.0	100	%	$	23,836.1	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 and serveware, 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
July 2, 2023
Total net revenues	$	6,737.8	$	1,972.9	$	448.8	$	8.8	$	9,168.3
Depreciation and amortization expenses	230.4		83.1		0.0		28.7		342.2
Income from equity investees	—		0.8		68.9		—		69.7
Operating income/(loss)	1,463.9		374.5		208.0		(462.5)		1,583.9
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		0.0		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
Three Quarters Ended
	North America		International		Channel Development		Corporate and Other		Total
July 2, 2023
Total net revenues	$	19,669.7	$	5,507.8	$	1,407.7	$	16.8	$	26,602.0
Depreciation and amortization expenses	673.5		250.8		0.1		86.8		1,011.2
Income from equity investees	—		2.0		177.0		—		179.0
Operating income/(loss)	3,894.3		929.6		696.4		(1,355.7)		4,164.6
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