Derivative Financial Instruments (Tables)

3 Months Ended

Dec. 31, 2023

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)
	Dec 31, 2023		Oct 1, 2023
Cash Flow Hedges:
Coffee	$	11.9	$	(78.1)	$	3.2	7
Cross-currency swaps	(0.1)		(0.6)		—		11
Dairy	(2.0)		(1.8)		(2.0)		8
Foreign currency - other	11.7		39.6		10.1		33
Interest rates	(5.8)		(6.6)		(3.0)		0
Net Investment Hedges:
Cross-currency swaps	85.5		87.1		—		111
Foreign currency	16.0		16.0		—		0
Foreign currency debt	116.2		140.2		—		3

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)
	Dec 31, 2023		Jan 1, 2023		Dec 31, 2023		Jan 1, 2023
Cash Flow Hedges:
Coffee	$	64.3	$	(119.4)	$	(40.4)	$	96.7	Product and distribution costs
Cross-currency swaps	(1.6)		(11.7)		0.6		(2.7)		Interest expense
					(2.7)		(9.1)		Interest income and other, net
Dairy	(1.9)		(3.6)		(1.6)		(1.5)		Product and distribution costs
Foreign currency - other	(25.4)		(46.0)		8.8		8.0		Licensed stores revenue
					2.8		2.2		Product and distribution costs
					—		0.2		Interest income and other, net
Interest rates	—		—		(1.0)		(0.5)		Interest expense
Net Investment Hedges:
Cross-currency swaps (1)	6.6		(14.0)		8.9		5.3		Interest expense
Foreign currency debt	(31.8)		(50.6)		—		—

(1) Gains and losses recognized in earnings relate to components excluded from the assessment of effectiveness.

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
		Dec 31, 2023		Jan 1, 2023
Non-Designated Derivatives:
Foreign currency - other	Interest income and other, net	$	(2.4)	$	(11.6)
Coffee	Interest income and other, net	—		(5.5)
Diesel fuel and other commodities	Interest income and other, net	(0.7)		(0.2)
Fair Value Hedges:
Interest rate swaps	Interest expense	11.1		(1.6)
Long-term debt (hedged item)	Interest expense	(14.3)		(3.3)

Notional Amounts of Outstanding Derivative Contracts

Notional amounts of outstanding derivative contracts (in millions):

	Dec 31, 2023		Oct 1, 2023
Coffee	$	212	$	266
Cross-currency swaps	1,234		1,076
Dairy	47		71
Diesel fuel and other commodities	9		7
Foreign currency - other	1,149		1,164
Interest rate swaps	350		1,100

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	Dec 31, 2023		Oct 1, 2023
Designated Derivative Instruments:
Cross-currency swaps	Prepaid expenses and other current assets	$	13.7	$	—
	Other long-term assets	108.5		130.1
Dairy	Prepaid expenses and other current assets	0.1		0.4
Foreign currency - other	Prepaid expenses and other current assets	18.0		32.0
	Other long-term assets	10.7		22.9
Interest rate swaps	Prepaid expenses and other current assets	—		0.4
Non-designated Derivative Instruments:
Diesel fuel and other commodities	Prepaid expenses and other current assets	—		0.7
Foreign currency	Prepaid expenses and other current assets	5.4		7.5
		Derivative Liabilities
	Balance Sheet Location	Dec 31, 2023		Oct 1, 2023
Designated Derivative Instruments:
Cross-currency swaps	Other long-term liabilities	$	0.8	$	—
Dairy	Accrued liabilities	0.9		1.1
Foreign currency - other	Accrued liabilities	7.3		2.0
	Other long-term liabilities	7.2		—
Interest rate swaps	Other long-term liabilities	30.4		41.4
Non-designated Derivative Instruments:
Dairy	Accrued liabilities	0.3		—
Diesel fuel and other commodities	Accrued liabilities	0.4		—
Foreign currency	Accrued liabilities	1.6		0.5
	Other long-term liabilities	—		1.8

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 (in millions):

	Carrying amount of hedged item				Cumulative amount of fair value hedging adjustment included in the carrying amount
	Dec 31, 2023		Oct 1, 2023		Dec 31, 2023		Oct 1, 2023
Location on the balance sheet
Long-term debt(1)	$	324.2	$	1,060.0	$	(25.8)	$	(40.0)

(1) Balance as of October 1, 2023 includes $750 million in Senior Notes that matured on October 1, 2023 but remained in current portion of long-term debt on the consolidated balance sheet as the debt repayment was not made until the first day of fiscal 2024.